Singapore Press Holdings has acquired a portfolio of student housing properties in the United Kingdom for £448 million ($583 million).
The PBSA Portfolio comprises seven properties across seven cities in the United Kingdom. The assets include five stabilized assets in York, Cambridge, Bath, Edinburgh and Durham, and two development assets in Brighton and Oxford. The PBSA Portfolio will have a total capacity of 2,383 beds for student accommodation, following completion of development of the development assets. The assets are situated in established university towns and cities with large full-time student populations, with 84 percent of the beds in close proximity to top-ranked and Russell Group universities including University of Oxford and University of Cambridge.
The assets are operated and managed by Student Castle Limited.
The SGX-listed media conglomerate’s latest acquisition more than doubles its university accommodation holdings to S$1.5 billion ($1.1
