UK: Developer and investor Far East Orchard has secured £96 million in committed capital, closing its first UK purpose-built student accommodation (PBSA) development fund.
The fund, which targets PBSA in key UK university cities, has already allocated more than 35 per cent of its capital to projects in Glasgow and Manchester.
Far East Orchard said it is committed to expanding its lodging platform and delivering long-term value to stakeholders through investments and partnerships.
The company also said it aims to adopt an asset-light model and enhance its recurring fee-based income.
The Singapore-based developer entered the PBSA sector in the UK in 2015. Its current PBSA portfolio comprises almost 3,700 beds across the UK.
These include a PBSA development in Bristol, which topped out in April 2025, one in Glasgow, which broke ground in the same month, and one in Manchester, where the company acquired the site this year.
With the completion of these developments, the group’s total PBSA portfolio will expand to more than 4,700 beds across 16 properties.
In 2024, Far East Orchard acquired a 49 per cent stake in the UK PBSA operator, Homes for Students, which manages over 50,000 beds.
Highlights:
– Far East Orchard has closed a £96 million PBSA development fund targeting UK university cities.
– More than 35 per cent of the capital allocated to student accommodation projects in Glasgow and Manchester.
– Fund supports the company’s asset-light strategy and aims to grow recurring fee-based income.
