Purpose-Built-Student Accommodation (PBSA)

Property

CDL acquires five PBSA assets in the UK for $357 mil

Upon the completion of the acquisitions, CDL’s PBSA portfolio will have six assets and 2,368 beds in total.

Property

Far East Orchard acquires student accommodation property in UK for $22.9 mil

The acquisition is expected to be completed in April 2023.
Wee Hur shares surge some 11% after it announced disposal of stake in its Australia PBSA portfolio - THE EDGE SINGAPORE

Property

Wee Hur shares surge some 11% after it announced disposal of stake in its Australia PBSA portfolio

The company disposed of its 49.9% stake for a consideration of A$567.9 million ($573.6 million).

Private equity

Japan's multi-family housing market draws interest from QIP on prospects of stable returns

QIP is raising US$100 million to acquire multi-family housing assets in Japan.
Mapletree Investments acquires four student accommodation assets in the UK - THE EDGE SINGAPORE

Property

Mapletree Investments acquires four student accommodation assets in the UK

Total consideration for the acquisition exceeds GBP165 mil.
Centurion sees revenue fall by 13% to $30.7 mil in 1Q21 on lower revenue in PBSA segment - THE EDGE SINGAPORE

Results

Centurion sees revenue fall by 13% to $30.7 mil in 1Q21 on lower revenue in PBSA segment

Centurion says it remains positive on the long-term outlook for its globally diversified specialised accommodation portfolio.
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