# Far East Orchard to acquire London site for $102 mil, plans 444-bed student housing development - **Source:** EdgeProp Singapore - **Published:** 2026-09-25T06:09:42.000Z - **Author:** Deepa Chevi - **Original:** https://www.edgeprop.sg/property-news/far-east-orchard-acquire-london-site-102-mil-plans-444-bed-student-housing-development - **Topics:** Market Updates ## Featured rationale The acquisition signals developer confidence in London’s supply-constrained student housing market and could expand institutional PBSA supply near several major universities. ## AI summary Far East Orchard will acquire a Zone 1 London freehold site for GBP60 million ($102 million) and develop a 444-bed PBSA project by 2029. ## Original article Far East Orchard is acquiring a freehold development site at 325 Borough High Street in Southwark, London, for GBP60 million ($102 million), with plans to develop a 444-bed purpose-built student accommodation (PBSA) project. Known as King’s Place, the site is located in Central London’s Zone 1. The proposed development will also include a separate eight-unit key worker accommodation block, Far East Orchard announced on Sept 24. Planning permission for the development was granted by Southwark Council in February 2024, while Gateway 2 approval was obtained in July 2026. The latter is a key regulatory milestone that allows construction to commence. Read also: Far East Orchard to start construction on Manchester PBSA development The development is targeted for completion in 2029, ahead of the 2029/30 academic year. It will feature communal lounges, health and wellness facilities and outdoor spaces, and is targeting a BREEAM Outstanding sustainability rating. King’s Place is about a seven-minute walk from King’s College London and is also near the London School of Economics and Political Science, Queen Mary University of London and Imperial College London. The site is a four-minute walk from Borough Underground station and an eight-minute walk from Elephant & Castle station. Supermarkets, a post office and other amenities are also within walking distance. Far East Orchard says London’s student accommodation market continues to face a structural supply imbalance, supported by a large domestic and international student population and constraints on new development. King’s Place will be Far East Orchard’s first development in London and the third acquisition under the FE UK Student Accommodation Development Fund (FESAD), its UK PBSA development fund. The acquisition will bring FESAD’s development portfolio to 956 PBSA beds across London, Manchester and Glasgow. Read also: Co-living, senior housing in sharper investor focus; lines blur between living formats The fund’s other developments comprise a 273-bed project on Osborne Street in Glasgow, which topped out in April and is expected to be completed in 2027, and a 239-bed development at Plymouth Grove in Manchester. The latter received Gateway 2 approval in July and has commenced construction, with completion slated for 2028. Upon completion, King’s Place is expected to be managed by Homes for Students, a subsidiary of Far East Orchard. Alan Tang, group CEO of Far East Orchard, says London remains one of the UK’s most attractive and supply-constrained student accommodation markets. He adds that King’s Place expands the group’s development portfolio across three major UK cities. The acquisition is being undertaken through Borough High Street Development, a joint venture company in which FESAD holds an 85% stake. Far East Orchard Investments (UK) and Aurum Investments, a subsidiary of Woh Hup Holdings, each hold 7.5%. The acquisition is expected to be completed within three weeks of the sale and purchase agreement dated Sept 24, or earlier if agreed by the buyer and seller. Read also: M&G bets on senior living as AI drives new divides in property markets ## Chinese translation > Translation model: grok_cli ### 远东园将以1.02亿新元收购伦敦地块，计划开发444个床位的学生住房项目 King’s Place计划于2029年竣工，将设有公共休息室、养生设施及户外空间。 远东园（Far East Orchard）正以6,000万英镑（1.02亿新元）收购位于伦敦南华克（Southwark）Borough High Street 325号的永久产权开发地块，计划开发一个拥有444个床位的专用学生住宿（purpose-built student accommodation，简称PBSA）项目。 该地块名为King’s Place，位于伦敦市中心第1区（Zone 1）。远东园于9月24日宣布，拟议开发项目还将包括一栋独立的八个单位关键工作者住宿楼。 该开发项目的规划许可已由南华克区议会于2024年2月批出，Gateway 2批准则于2026年7月取得。后者是允许开工建设的一项关键监管里程碑。 另请阅读：远东园将开工建设曼彻斯特PBSA开发项目 项目目标于2029年竣工，赶在2029/30学年之前。项目将设有公共休息室、健康与养生设施及户外空间，并力争获得BREEAM杰出（Outstanding）可持续评级。 King’s Place距离伦敦国王学院（King’s College London）步行约七分钟，亦邻近伦敦政治经济学院（London School of Economics and Political Science）、伦敦玛丽女王大学（Queen Mary University of London）和帝国理工学院（Imperial College London）。 该地块距离Borough地铁站步行四分钟，距离Elephant & Castle站步行八分钟。超市、邮局及其他生活配套也在步行范围内。 远东园表示，伦敦学生住宿市场持续面临结构性供应失衡，支撑因素包括庞大的本地及国际学生人口，以及对新建项目的制约。 King’s Place将是远东园在伦敦的首个开发项目，也是其英国PBSA开发基金——FE英国学生住宿开发基金（FE UK Student Accommodation Development Fund，简称FESAD）——项下的第三宗收购。 此次收购将使FESAD的开发组合在伦敦、曼彻斯特和格拉斯哥的PBSA床位达到956个。 另请阅读：共居与乐龄住房更受投资者关注；不同居住业态之间的界限日渐模糊 该基金的其他开发项目包括格拉斯哥Osborne Street一个273个床位的项目——该项目已于4月封顶，预计2027年竣工——以及曼彻斯特Plymouth Grove一个239个床位的开发项目。后者于7月获得Gateway 2批准并已开工建设，预计2028年竣工。 竣工后，King’s Place预计将由远东园子公司Homes for Students管理。 远东园集团首席执行官Alan Tang表示，伦敦仍是英国最具吸引力、且供应最为紧张的学生住宿市场之一。他补充说，King’s Place使集团的开发组合扩展至英国三个主要城市。 此次收购通过Borough High Street Development进行。这是一家合资公司，FESAD持有85%股权。远东园投资（英国）（Far East Orchard Investments (UK)）与和合控股（Woh Hup Holdings）的子公司Aurum Investments各持有7.5%。 此次收购预计将在日期为9月24日的买卖协议起三周内完成；若买卖双方同意，亦可提前完成。 另请阅读：M&G押注乐龄居住，人工智能正推动房地产市场出现新的分化