Summary:
- An investment holding subsidiary of Far East Orchard (FEOR) is entering talks to acquire a site in London to develop purpose-built student accommodation (PBSA) under its private student accommodation development fund.
- According to a July 13 bourse filing, Far East Orchard Investment Holdings has entered into a non-binding heads of terms (HOT) with LDC (Portfolio) Limited for the proposed acquisition of a site at the junction of Borough High Street and Harper Road in London.
- LDC (Portfolio) Limited is related to London-listed Unite Students, said to be the UK’s largest provider of student accommodation. At June 30, Unite Students’ Unite UK Student Accommodation Fund (USAF) property portfolio comprises 22,932 beds in 57 properties across 17 university towns and cities in the UK.
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