Homes for Students manages over 40,000 beds in over 50 university towns and cities in the UK and Ireland. It is considered the largest independent PBSA operator in the UK. “With this acquisition, we now have capabilities across investment, asset management and operations,” says Far East Orchard group CEO Alan Tang.
Nearly a decade after entering the student housing market in the UK in 2015, Singaporean real estate company Far East Orchard (SGX:O10
) continues to see massive potential for growth.
In April, it announced that it had purchased a 49% stake in Homes for Students, a purpose-built student accommodation (PBSA) operator based in the country. Last month, the company also announced the establishment of its first private FE UK Student Accommodation Development Fund.
