The HFS key management team has indicated that they intend to continue to remain in the business throughout this entire duration.
Far East Orchard (SGX:O10
) has announced its acquisition of a 49% stake in Homes For Students (HFS), the UK’s largest independent purpose-built student accommodation (PBSA) operator, for GBP17.6 million ($30.0 million).
After acquiring the initial 49% interest in HFS from two non-management sellers, Far East Orchard will be able to progressively acquire the remaining 51% interest in HFS in two stages, by September 2025 and November 2030, under the terms of the agreement.
