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Metro and friends are buying the Dean Street Works in Bristol
Singaporean property group Metro Holdings has added a second asset to its student housing fund with the purchase of a 181-bed accommodation near the University of Bristol in southwest England.
The fund, Paideia Capital UK Trust, bought the six-storey Dean Street Works for a total consideration of £30.1 million ($41.2 million), including the purchase consideration for the property of £29.4 million and related taxes, fees and expenses of £700,000.
The acquisition in the largest city in England’s southwest is the latest in a series of overseas student housing investments by Singaporean firms including Singapore Press Holdings and Mapletree Investments as institutions seek high yielding opportunities in a time of compressing yields.
SINGAPORE shares opened higher on Tuesday following a rebound in US equities as the frenzied purchase of GameStop and other counters appears to be trailing off. Read more at The Business Times.
The Straits Times
Commissioned by SPH, the study will focus on a more consumer-centric and single-source panel.PHOTO: ST FILE
Michelle Zhu
https://str.sg/JKFG
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