Purpose-Built Student Accommodation (PBSA)

SPH kept at 'buy' by UOB as Chinese students look towards the UK for higher education

SINGAPORE (June 6): UK universities could benefit from the US-China trade war that has prompted China to issue an official warning to students hoping to study in US universities, says UOB KayHian.

This spells good news for Singapore Press Holdings (SPH) which is diversifying into the purpose-built student accommodation (PBSA) business in the UK.

In addition, refinancing of a £205 million ($314 million) term loan facility to a longer tenure also shows SPH is committed to its long-term investment in the UK PBSA (purpose-built student accommodation) business.

UOB KayHian remains positive as SPH turns to student accommodation to arrest flagging media business

SINGAPORE (Apr 23): Despite continued weakness in its core media business, UOB Kay Hian is staying positive on Singapore Press Holdings (SPH) on the back of its foray into the student accommodation segment.

SPH last week announced it has acquired a portfolio of three purpose-built student accommodation (PBSA) assets in the UK for £134 million ($237 million).

See: SPH expands UK student dorm portfolio with $237 mil acquisition

SPH expands UK student dorm portfolio with $237 mil acquisition

SINGAPORE (Apr 16): Singapore Press Holdings (SPH) announced that its wholly-owned subsidiaries, Straits Five, Straits Six and Straits Eight, have acquired a portfolio of Purpose-Built Student Accommodation (PBSA) assets in the UK for £133.7 million ($237.0 million).

The group purchased the assets from Habitus Holdings, Privilege Holdings, Privilege Southampton Holdings and AIGGRE Europe Real Estate Fund I GP.

SPH acquires UK student accommodation portfolio for $321 mil

SINGAPORE (Sept 10): Singapore Press Holdings (SPH) has acquired a student accommodation portfolio in the UK for $321 million.

The portfolio comprises 14 buildings across 6 towns and cities in the UK and has a total capacity of 3,436 beds for student accommodation. The 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.

Wee Hur acquires residential block in Sydney for $52.6 mil to redevelop into student dorm

SINGAPORE (June 4): Wee Hur Holdings announced that its 68.97%-owned Wee Hur PBSA Master Trust, through its wholly owned sub-trust, WH Gibbons Trust, is acquiring a freehold residential block at 13-23 Gibbons Street, Redfern, Sydney, Australia for A$52 million ($52.6 million).

Wee Hur PBSA Master Trust was established by the group for the purpose of undertaking Purpose-Built Student Accommodation (PBSA) in Australia.

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