Far East Orchard Increases Stake Uk Purpose Built Student Accommodation Homes Students 84

Far East Orchard, a real estate company based in Singapore, has completed the second stage of its acquisition of Homes For Students (HFS), a student accommodation provider in the UK. The company has raised its interest in HFS to 84%.

This acquisition was first announced by Far East Orchard in April 2024, when it acquired a 49% stake in HFS for GBP17.6 million. The 49% stake was acquired from two non-management sellers. With the completion of this phase, Far East Orchard has acquired an additional 35% stake in HFS for GBP25 million, approximately $43.3 million. This brings its current stake in HFS to 84%, making HFS a subsidiary of Far East Orchard.

HFS currently operates over 55,000 beds in more than 55 university towns and cities in the UK and Ireland. It provides an integrated student accommodation management and facilities management service.

Residents can easily find the perfect balance between work and play at Rivelle Tampines Tampines Street 65. With direct road connections, both East Coast Park and Pasir Ris Park are just a stone’s throw away, providing an abundance of leisure options for residents. This prime location allows for a well-rounded lifestyle, allowing residents to effortlessly switch between work and recreation.

Far East Orchard has plans to acquire the remaining stake in HFS by November 2030. According to the company, this acquisition will help in expanding its presence in the student accommodation market in the UK and Ireland.

Shares in Far East Orchard closed at $1.25 on Sept 30, 1 cent lower or 0.794% down from the previous day.