SPH records $38.4m revaluation gain on UK student accommodation portfolio

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

SINGAPORE - Singapore Press Holdings (SPH) has recorded a revaluation gain of 6.7 per cent, or £22.8 million (S$38.4 million) on its purpose-built student accommodation portfolio in the UK.. Read more at straitstimes.com.

SINGAPORE - Singapore Press Holdings has recorded a revaluation gain of 6.7 per cent, or £22.8 million on its purpose-built student accommodation portfolio in the UK.

On the back of further investments, the portfolio grew to £338.4 million, comprising 5,059 beds across 10 cities in the UK. SPH - which owns The Straits Times - expects the UK student accommodation sector and overall investor interest in this area to remain strong, with up to £3.5 billion of investments likely to come in this year.

SPH said that it has been boosting its operational expertise in the sector. Marketing capabilities have been expanded with a centralised marketing and sales office in China to capitalise on the demand by Chinese students for higher education in the UK.

Source: Education Headlines (educationheadlines.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Therese Coffey appointed UK work and pensions minister: PM's officeThe government has appointed Therese Coffey as work and pensions minister, Prime Minister Boris Johnson's office said on Sunday.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

UK democracy, economy still vibrant and robust: British High CommissionerIN THE light of last week's dramatically headlined article An ungovernable Britain is an alarm bell for foreign investors (BT, Sept 6), I wanted to provide a bit of balance. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Iran says it could release UK-flagged tanker within daysTEHRAN: Iran on Sunday (Sep 8) hinted that it could release 'within days' a UK-flagged oil tanker it had seized in July in sensitive Gulf waters ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

UK parliament to be suspended on Monday until OctoberLONDON (Reuters) - The British parliament will be suspended at the end of business on Monday until the middle of next month, the spokesman for Prime Minister Boris Johnson said.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

UK parliament speaker says will step down by Oct 31LONDON: John Bercow, the speaker of Britain's House of Commons, announced on Monday (Sep 9) that he would step down within weeks, amid criticism ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

UK refuses to publish details of legal advice on divorce bill in no-deal BrexitLONDON (REUTERS) - The British government said on Monday (Sept 9) it had received legal advice on its rights and obligations when it leaves the European Union but publishing the details would damage its negotiating position.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »