Blackrock-linked Entity Sells UK Student Digs To Far East Orchard For £66.5m
A subsidiary of the Far East Organization has reached an agreement to purchase assets from a BlackRock-linked entity. The deal includes a pair of student dorms in the UK that will be sold to the Singapore-listed property developer, Far East Orchard for £66.5 million ($85 million).
The new acquisition in Leeds and Sheffield brings Far East Orchard’s UK student housing portfolio to 3,260 beds across 11 dorms in six cities as indicated in company filing.
Full article by James Hatton, Mingtiandi View full article here