The group completed the first stage of the phased acquisition, acquiring about 35% of stake in HFS for GBP25 million, about $43.3 million. With its current stake at 84%, HFS becomes a subsidiary of Far East Orchard.
Far East Orchard has completed the second stage of the phase acquisition of Homes For Students (HFS), a student accommodation provider in the UK, raising its interest to 84%.
Far East Orchard first announced the acquisition of a 49% stake in HFS in April 2024, for GBP17.6 million. It acquired the 49% stake from two non-management sellers.
