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Purpose-Built Student Accommodation (PBSA)
Private equity
Singapore-based QIP forms GBP100 mil UK student housing JV with Bursa-listed Gamuda
The project is QIP’s largest single asset transaction and its first strategic partnership with Gamuda.
July 08, 2024
Property
Far East Orchard acquires 49% stake in UK PBSA operator for GBP17.6 mil
Homes For Students is the UK’s largest independent PBSA operator with over 40,000 beds in 50 university towns and cities.
April 25, 2024
REITs
Elite Commercial REIT expands investment strategy to include UK PBSA
One of the REIT’s sponsors, Sunway RE Capital, owns a portfolio of five PBSA assets in four UK cities.
April 15, 2024
Property
Metro Holdings' student accommodation fund acquires property in Bristol, UK for $54.8 mil
The property was completed in August 2020 with 44 studios and 181 en-suite beds over six floors.
January 29, 2021
Property
Ascott Residence Trust acquires first student accommodation asset in US for US$95 mil
The accretive acquisition will increase the pro forma FY2020 distribution per stapled security (DPS) by some 4.4%.
January 27, 2021
Deals, joint ventures & alliances
Metro forms partnership, establishes fund to grow UK purpose-built student accommodation portfolio
The fund has an initial aggregate committed capital of £60 million ($108 million) upon its first closing.
December 21, 2020
Results
Covid-19 bug lingers in Centurion as revenue slips by 11% in 3Q2020
“3Q2FY20 continues to show impact from COVID-19 on Centurion’s portfolio,” says CEO Kong Chee Min.
November 15, 2020
SGX Research Series: 10 in 10
Far East Orchard aims for more recurring income
Far East Orchard aims to continue growing recurring hospitality revenue through operating contracts and strategic partnerships.
October 30, 2020
Broker's Calls
Dorm operator Centurion Corp gets a thumbs up from UOB Kay Hian
UOB Kay Hian initiates a buy call on Centurion Corp, at a target price of 44 cents. This gives it a 30.7% upside.
October 22, 2020
Broker's Calls
Centurion looks 'stable so far', says PhillipCapital
Centurion is better levered or geared despite the current bleak economic outlook, says PhillipCapital.
August 20, 2020