Far East Orchard secures majority stake in UK student housing firm HFS
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Far East Orchard Limited has increased its stake in UK student housing operator HFS from 49% to 84%, making it a subsidiary. The $43.3 million deal is part of a phased acquisition that began in April 2024, with plans to acquire the remaining shares by November 2030. HFS co-CEOs will continue in their roles, and the company aims to expand its student housing portfolio and enhance efficiency and recurring income streams.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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