Corporate digest

Far East Orchard

FAR East Orchard Limited has acquired two freehold student accommodation properties in Leeds and Sheffield in the UK, with a total of 974 beds for £66.5 million (S$115.7 million).

Together with the 622 beds in Bristol and Liverpool acquired in March this year, Far East Orchard now has a portfolio of 3,260 purpose-built student accommodation (PBSA) beds across 11 properties in the UK - surpassing the group's target to grow its PBSA portfolio to 3,000 beds by 2023.