Listing of student accommodation assets a 'possibility': SPH

Singapore

LISTING its purpose-built student accommodation assets is a "possibility", among other opportunities it seeks to improve shareholder value, said Singapore Press Holdings (SPH) on Thursday.

Its statement came after Bloomberg on Thursday - citing sources close to the matter - reported that SPH is planning to list those UK-based assets in Singapore through a real estate investment trust, in a deal that would value those properties at more than US$1 billion.