The Business Times

far east orchard

Companies & Markets

Arthur Kiong to step down as managing director of Far East Hospitality by end-2025

To date, the fund has committed more than 35% of its equity into two PBSA developments – a 273-bed project in Glasgow, Scotland and a 239-bed one at Plymouth Grove in Manchester (artist's illustration above).
Companies & Markets

Far East Orchard secures £96 million for private fund to develop UK student accommodation

The significant rise in its first-quarter net profit was driven by a one-off gain of S$9.2 million from the acquisition of an additional 6.7 per cent interest in Woodlands Square in January 2025.
Companies & Markets

Far East Orchard Q1 net profit more than doubles to S$17.3 million

The acquisition marks the group’s maiden entry into the city of Manchester, and brings its portfolio of existing and pipeline PBSA assets to over 4,900 beds.
Companies & Markets

Far East Orchard acquires Manchester purpose-built student accommodation site for £10.9 million

The cybersecurity incident affected the networks of TFE Hotels, the operating business of Toga Hotel Holdings Unit Trust – which Far East Orchard holds a 35 per cent interest in.
Companies & Markets

Hotels under Far East Orchard’s hospitality joint venture hit by cybersecurity incident

Far East Orchard is riding the recovery in global travel, said chief executive Alan Tang (pictured).
Companies & Markets

Far East Orchard H2 net profit down 29.4% on lower fair value gains, higher costs

In a bourse filing on Friday (Jan 24), FEO said Tannery and FECE agreed to purchase all of Sekisui House’s interest in Woodlands Square.
Companies & Markets

Far East Orchard unit acquires additional stake in Woodlands Square for S$25 million

Alan Tang, Far East Orchard executive director and group chief executive officer, believes that the group cannot be too fixated on solely lodging assets.
Companies & Markets

Far East Orchard reaps the rewards of its growth strategy

Contribution from the purpose-built student accommodation segment is seasonally lower in Q3 due to the six-week summer break in the United Kingdom.
Reits & Property

Far East Orchard 9M profit more than doubles to S$16.9 million on strong H1 performance

Far East Orchard said that the group’s PBSA portfolio’s reservations stood at 92 per cent for the academic year commencing September 2024, reflecting “strong continued demand” for student accommodation.
Companies & Markets

Far East Orchard establishes inaugural private fund to invest in UK purpose-built student accommodation

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More