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Far East Orchard Ltd. ( (SG:O10) ) has shared an update.
Far East Orchard Limited has successfully closed its first private student accommodation development fund, securing £96.0 million in committed capital. This move aligns with the company’s strategy to adopt an asset-light model and enhance its recurring fee-based income. The fund, which targets purpose-built student accommodation in key UK university cities, has already allocated over 35% of its capital to projects in Glasgow and Manchester. This development underscores Far East Orchard’s commitment to expanding its lodging platform and delivering long-term value to stakeholders through strategic investments and partnerships.
More about Far East Orchard Ltd.
Far East Orchard Limited is a company based in Singapore, focusing on the lodging industry. It specializes in student accommodation and has developed competencies in investment, development, asset management, sales, and operations within the UK student accommodation sector.
Average Trading Volume: 68,606
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$489.1M
Learn more about O10 stock on TipRanks’ Stock Analysis page.