The firms have secured the site via their joint venture, the second in the arrangement, with plans to develop a 484-bed student accommodation asset.

This will be located on Malago Road and include studios and 40 non-ensuite bedrooms across three blocks, part of which will be nominated by the University of Bristol.

The development will target ratings of BREEAM Excellent, EPC B and WiredScore Silver.

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“This transaction with Maslow Capital, our second collaboration together, demonstrates the strength of our proposition and the quality of our PBSA offering across the UK,” said George Dyer, group investment director at Watkin Jones.

“Bristol has firmly established itself as a destination of choice for students, and we’re delighted to deliver a sustainable, high-quality scheme, supporting the city and university’s growing student population.”

Sky Mapson, senior director of origination at Maslow Capital, added: “We are pleased to support Watkin Jones on a second large-scale PBSA transaction through our joint venture, following The Ard in Glasgow.

“Their proven record in delivering high-quality student accommodation gives us conviction in the sponsor and the successful delivery of this Bristol asset.”