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O10 - Far East Orchard News Story

S$1.04 0.0  0.0%

Last Trade - 30/11/20

Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £265.8m
Enterprise Value £527.4m
Revenue £81.8m
Position in Universe 1669th / 5957

BRIEF-Far East Orchard Announces Acquisition Of Portfolio Of Two Student Accommodation Properties

Fri 8th November, 2019 3:28pm
Nov 8 (Reuters) - Far East Orchard Ltd  FARE.SI :
    * ANNOUNCES ACQUISITION OF A PORTFOLIO OF TWO STUDENT
ACCOMMODATION PROPERTIES LOCATED IN LEEDS AND SHEFFIELD, UNITED
KINGDOM
    * PURCHASE PRICE FOR ACQUISITION WAS APPROXIMATELY £66.5
MILLION
    * UNIT ENTERED INTO A SALE AND PURCHASE AGREEMENT WITH EF IV
STUDENT PORTFOLIO HOLDING S.À R.L.
    * ACQUISITION HAS BEEN COMPLETED TODAY, AND TARGET COMPANIES
ARE
NOW SUBSIDIARIES OF COMPANY

Source text for Eikon:  ID:nSNZ6RvX17 
Further company coverage:  FARE.SI 

 ((Reuters.Briefs@thomsonreuters.com;))
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