Developer and manager of residential for rent Watkin Jones and private equity firm EQT Exeter have practically completed its 370-bed Ty Nant PBSA scheme. Construction took two years to complete – with the scheme topping out in March this year – and was delivered on time by Watkin Jones on behalf of EQT Exeter.
Watkin Jones has established a portfolio of operational and forward-funded schemes sold to EQT Exeter – including the Ty Nant scheme – offering over 2,000 beds in Bath, Nottingham, Swansea, Bristol and Glasgow and operated by Fresh. This brings EQT Exeter’s fourth operational building to the UK, raising its European operational bed count above 4,000.
The Swansea, South Wales based Ty Nant scheme secured planning permission in 2021 and includes cluster flats and studios. Amenities include a gym, social spaces, study and gaming rooms, as well as a roof terrace with planters and seating. Located within walking distance of the city centre, the scheme has good transport links to the university campuses and is conveniently situated next to Swansea train station.
“We are thrilled to practically complete Ty Nant and hand this scheme over to our client, as part of our portfolio of five operational and forward-funded schemes sold to EQT Exeter. This project signifies our continued dedication to delivering top-tier PBSA housing, situated in prime UK locations for students. Our projects focus on sustainability and cutting-edge facilities and this development represents our continued priority to advance the quality of life for students, creating a welcoming environment and a positive experience. Fresh will be managing Ty Nant, our third property within Swansea, where students can experience award winning accommodation and management.”Richard Harris, Group Delivery, Managing Director (MD), Watkin Jones
Reflecting the developer’s ESG strategy, Ty Nant incorporates cutting edge technology and engineering to target reduced emissions and help achieve Watkin Jones’ sustainability objectives and a BREEAM “Excellent” rating.
One of the key factors to achieving this is the implementation of air source heat pumps for the central heating and hot water system, substantially reducing the carbon footprint of the site. A grey-water irrigation system has been integrated to efficiently utilise water resources in addition to a water attenuation system, preventing overcapacity into the public drainage system.
The Ty Nant development includes charging points for electric cars, as well as a large amount of bicycle storage, supporting sustainable transport across the city. The scheme also includes irrigated roof gardens and a green living wall.
Swansea, the second largest city in Wales, is a growing destination for students and this scheme provides high-quality sustainable homes to meet the city’s growing demand for student accommodation.
“We are pleased the Ty Nant building in Swansea has achieved practical completion. The building has been completed to a very high standard and has been extremely popular with students. We look forward to working with Watkin Jones successfully on our two upcoming developments at Nottingham and Bath.”Russell Petrie, Head of Student Housing – Europe, EQT Exeter