Far East Orchard increases stake in UK purpose-built student accommodation Homes For Students to 84%

Nicole Lim09-30

Far East Orchard first announced the acquisition of a 49% stake in HFS in April 2024, for GBP17.6 million. It acquired the 49% stake from two non-management sellers. Far East Orchard has completed the...

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It acquired the 49% stake from two non-management sellers. 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It acquired the 49% stake from two non-management sellers. ","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"O10.SI":"远东乌节","BK6027":"贸易公司与经销商","BK6505":"周期性消费品与消费者服务","BK6098":"多样化房地产活动","BK6504":"工业制品概念","5TJ.SI":"远东集团有限公司"},"translate_title":"远东果园将英国专门为学生建造的学生宿舍股份增至84%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"5TJ.SI":0.9,"O10.SI":0.9},"content_text":"Far East Orchard first announced the acquisition of a 49% stake in HFS in April 2024, for GBP17.6 million. It acquired the 49% stake from two non-management sellers. Far East Orchard has completed the second stage of the phase acquisition of Homes For Students (HFS), a student accommodation provider in the UK, raising its interest to 84%. \nFar East Orchard first announced the acquisition of a 49% stake in HFS in April 2024, for GBP17.6 million. It acquired the 49% stake from two non-management sellers. \nThe group completed the first stage of the phased acquisition, acquiring about 35% of stake in HFS for GBP25 million, about $43.3 million. 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