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Far East Orchard buys four UK properties for £40.9m

It moves into student-housing sector in bid to expand in Europe, diversify its portfolio

Singapore

FAR East Orchard has unveiled the acquisition of four properties in Shieldfield, Newcastle upon Tyne, England, for £40.9 million (S$83 million), a plan that marks its move into the UK's student housing space in a bid to push deeper into Europe and diversify its property