Metro-led fund to acquire student accommodation property in Bristol, UK for £30.1 million
Metro's equity share of £4m for the purchase will be funded by internal cash sources, borrowings
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PROPERTY group Metro Holdings' recently established student accommodation fund Paideia Capital UK Trust has entered into a sale-and-purchase agreement with an independent third party to acquire a property in Bristol, United Kingdom, for a total price tag of £30.1 million (S$54.9 million).
Paideia Capital UK Trust is 30 per cent owned by Metro's wholly-owned subsidiary Sun Capital Assets.
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