Metro Holdings’ wholly-owned subsidiary Sun Capital Assets has, on Dec 21, formed a strategic partnership with Lee Kim Tah Holdings and Aurum Investments (collectively the joint venture partners) to establish a purpose-built student accommodation (PBSA) fund with the intent to expand its portfolio in the UK.

Aurum Investments is a direct wholly-owned subsidiary of Woh Hup Holdings.

The joint venture partners have also incorporated Paideia Partners and Paideia Trustee within the partnership. Sun Capital will own 33.33% while Lee Kim Tah and Aurum will own the remaining 66.67% of each of Paideia Partners and Paideia Trustee.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook