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Metro forms partnership, establishes fund to grow UK purpose-built student accommodation portfolio

Felicia Tan
Felicia Tan • 3 min read
Metro forms partnership, establishes fund to grow UK purpose-built student accommodation portfolio
The fund has an initial aggregate committed capital of £60 million ($108 million) upon its first closing.
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Metro Holdings’ wholly-owned subsidiary Sun Capital Assets has, on Dec 21, formed a strategic partnership with Lee Kim Tah Holdings and Aurum Investments (collectively the joint venture partners) to establish a purpose-built student accommodation (PBSA) fund with the intent to expand its portfolio in the UK.

Aurum Investments is a direct wholly-owned subsidiary of Woh Hup Holdings.

The joint venture partners have also incorporated Paideia Partners and Paideia Trustee within the partnership. Sun Capital will own 33.33% while Lee Kim Tah and Aurum will own the remaining 66.67% of each of Paideia Partners and Paideia Trustee.

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