Thursday, September 4, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Lifestyle

UOL to acquire student accommodation property in UK for £43.5 million

by Mark Darwin
in Lifestyle
UOL to acquire student accommodation property in UK for £43.5 million
Share on FacebookShare on Twitter


[SINGAPORE] Property developer UOL is acquiring a complex of student residential halls from the University of Brighton in the United Kingdom for £43.5 million (S$75.6 million), marking its first foray into the student accommodation sector.

Varley Park, which is located in Brighton, comprises 771 operational beds across 22 blocks. The property also comes with a leaseback agreement with the university. The property, which sits on more than 2.8 hectares of land, also has an amenity block with modern conferencing facilities and a dining hall.

In a press release on Thursday (Aug 14), UOL noted that the student accommodation sector has seen robust growth in the UK due to various factors, including a growing student population, supply-and-demand imbalance and resilient income streams.

Said Liam Wee Sin, the group chief executive of UOL: “We see strong potential in the purpose-built student accommodation (PBSA) segment as it is a resilient asset class with strong fundamentals and provides opportunities for us to grow the portfolio in key markets.”

He added that UOL will be able to apply its strengths in hospitality and residential development to the broader living sector, comprising PBSA, build-to-rent and serviced apartments.

The acquisition, which is part of UOL’s strategy to diversify and strengthen its recurring income streams, is being financed through a combination of internal resources and external borrowings.

The group currently owns three other recurring-income assets in the UK. They are Pan Pacific London, 120 Holborn Island and 110 High Holborn.

Shares of UOL closed up 2 per cent or S$0.14 at S$7.30 before the announcement on Thursday.

Share with us your feedback on BT’s products and services

Tags: accommodationAcquireMillionPropertyStudentUOL
Mark Darwin

Mark Darwin

Next Post
Contributor: AI will be more disruptive than COVID. Which party can seize the moment?

Contributor: AI will be more disruptive than COVID. Which party can seize the moment?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2024 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In