Far East Orchard acquires Manchester PBSA site
Far East Orchard Limited has acquired a development site in Manchester for £10.9m. After being granted planning permission in April 2024, the 275-year leasehold site is set to be developed into a 239-bed purpose-built student accommodation (PBSA) scheme.
The acquisition of the site brings Far East Orchard’s portfolio of existing and pipeline PBSA assets to over 4,900 beds. Expected to reach completion in 2028, the acquisition enables Far East Orchard to continue expanding and diversifying its student accommodation portfolio into key student cities across the UK …