SPH Expands UK Student Housing Portfolio
Singapore Press Holdings Ltd. has expanded its student housing holdings in the U.K. with the acquisition of a portfolio spanning three cities with a total capacity of 1,243 beds for approximately $173.6 million. The transactions were made between SPH’s wholly-owned subsidiaries, Straits Five Pte. Ltd., Straits Six Pte. Ltd., and Straights Eight Pte. Ltd., and Habitus Holdings, Privilege Holdings, Privilege Southampton Holdings and AIGGRE Europe Real Estate Fund I GP.
SPH did not break out which assets were purchased from each firm, but the properties acquired are:
Hampton Square, located at 2 Mayfield Road in Southampton; the property has 526 beds and is 90 percent occupied;
Sharman Court, located on Broad Lane in Sheffield; the asset offers 397 beds and is 96 percent occupied;
Asa Briggs House, located at 6 St. John’s Road in Leeds; the property has 320 beds and is fully occupied …