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Purpose-Built-Student Accommodation (PBSA)
REITs
CDLHT to acquire first PBSA asset in the UK for GBP37.3 mil
The purchase price represents a 5.4% discount to the valuation of the property, which stood at GPB39.4 million as at Nov 29.
30 days ago
Company in the news
Wee Hur to divest PBSA portfolio for A$1.6 bil
Following the transaction, Wee Hur is set to retain a 13% stake through its subsidiary, Wee Hur (Australia).
December 16, 2024
Property
Mapletree Investments puts 24 UK PBSA properties for sale, according to media reports
The properties are said to be worth GBP450 million ($583 million).
October 30, 2024
Company in the news
Wee Hur clarifies reports on potential sale of Australian PBSA business
On Oct 15, The Australian Financial Review reported that Greystar was acquiring the group’s PBSA business.
October 17, 2024
Funds
Far East Orchard launches inaugural student accommodation fund with first close of GBP70 mil
The fund is set to invest in Purpose-Built Student Accommodation development opportunities within the UK.
August 22, 2024
Property
HS Optimus signs non-binding MOU to jointly develop PBSA in Australia
Shares in HS Optimus closed flat at 0.3 cents on July 5.
July 07, 2024
Company in the news
Centurion JV company to refurbish Hong Kong building for student housing
The JV with LionRock Property will develop the building into student housing under Centurion’s “dwell” student living brand.
April 09, 2024
Property
Far East Orchard and Woh Hup buy land in Glasgow for $5.1 mil to expand UK PBSA portfolio
The site in Glasgow intended to be developed into a purpose-built student accommodation (PBSA) of 273 beds.
March 13, 2024
Property
CDL acquires five PBSA assets in the UK for $357 mil
Upon the completion of the acquisitions, CDL’s PBSA portfolio will have six assets and 2,368 beds in total.
December 15, 2022
Property
Far East Orchard acquires student accommodation property in UK for $22.9 mil
The acquisition is expected to be completed in April 2023.
December 09, 2022