Far East Orchard increases stake in Homes for Students
Far East Orchard Limited has increased its stake in Homes for Students (HFS) to 84%, making it a subsidiary. The strategic move aims to enhance Far East Orchard’s lodging platform, drive operational efficiency, and expand its PBSA portfolio in the UK, with plans to acquire the remaining stake by November 2030.
Far East Orchard first announced the acquisition of a 49% stake in HFS in April 2024, for £17.6m. It acquired the 49% stake from two non-management sellers.
The group completed the first stage of the phased acquisition, acquiring about 35% of stake in HFS for £25m. With its current stake at 84%, HFS becomes a subsidiary of Far East Orchard …