Summary:
- Watkin Jones PLC’s Refresh segment has been appointed by Aprirose Ltd to refurbish Central Studios, a 141-studio PBSA asset in Reading, focusing on soft refurbishments and reconfiguring amenity and reception spaces to improve functionality and appeal.
- The refurbishment, which began in March and will continue through the summer, aims to enhance resident experience and unlock underutilised space without disrupting ongoing operations, supporting long-term value for Aprirose.
- Aprirose acquired Central Studios last year, attracted by limited future PBSA supply in Reading, strong occupancy, high re-booker rates, and opportunities for asset management through refurbishment, cost reduction, and lease regearing.
Original article:
