The bed count includes the group’s stake in Homes For Students (HFS), a student accommodation provider in the UK. Far East Orchard had just brought its interest to 84% after completing the second stage of the phased acquisition in September.
Far East Orchard is targeting to reach assets under management (AUM) of $3 billion in core assets by 2050, up from $2 billion in 2025.
The group is also aiming to reach 25,000 rooms and 85,000 beds in five years’ time, up from its current 17,500 rooms and 55,000 beds as at November this year.
