The site is intended to be developed into a purpose-built student accommodation (PBSA) of 273 beds.
Far East Orchard, through its subsidiary, Osborne Street Development Ltd, has acquired a plot of land in central Glasgow, Scotland for GBP3 million ($5.1 million). Osborne Street Development is held under a limited partnership with Far East Orchard (SGX:O10
) Investments (UK), a wholly-owned subsidiary of the group and Aurum Investments (Private) Limited, a wholly-owned subsidiary of Woh Hup Holdings, as limited partners.
A sale and purchase agreement (SPA) was entered into with Nova Osbourne on March 12.
