Singapore Press Holdings acquires UK student housing portfolio for $233m

Theatres on the Bay, Singapore. Photo: Sebastian Pichler/Unsplash

Media and property conglomerate Singapore Press Holdings Limited (SPH) on Monday announced that it has acquired a portfolio of student accommodation in the United Kingdom for £180.5 million (about $233 million).

SPH’s wholly-owned subsidiaries will acquire the portfolio, comprising 14 building across six towns and cities in the UK with a total capacity of 3,436 beds, from Unite Group PLC in cash. The transaction is expected to be completed around September 13.

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