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SPH taps demand for UK varsity dorms but watch for Brexit bump

Michelle Zhu
Michelle Zhu9/11/2018 02:57 PM GMT+08  • 2 min read
SPH taps demand for UK varsity dorms but watch for Brexit bump
SINGAPORE (Sept 11): OCBC Investment Research is maintaining its “hold” call on Singapore Press Holdings (SPH) with an unchanged fair value estimate of $2.52, following the latter’s acquisition of a $321 million portfolio in the UK.
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SINGAPORE (Sept 11): OCBC Investment Research is maintaining its “hold” call on Singapore Press Holdings (SPH) with an unchanged fair value estimate of $2.52, following the latter’s acquisition of a $321 million portfolio in the UK.

To recap, the portfolio comprises 14 buildings across six towns and cities in the UK and has a total capacity of 3,436 beds for student accommodation.

Its properties include 10 freehold assets and 4 leasehold assets, and are situated in established university towns and cities with large full-time student populations, including London, Birmingham, Bristol, Huddersfield, Plymouth and Sheffield.

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