# Far East Orchard to start construction on Manchester PBSA development

- **Source:** EdgeProp Singapore
- **Published:** 2026-07-27T03:55:49.000Z
- **Author:** Atiqah Mokhtar
- **Original:** https://www.edgeprop.sg/property-news/far-east-orchard-start-construction-manchester-pbsa-development
- **Topics:** Investment & Capital Markets, Regional Markets

## Featured rationale

The approval advances Fesad’s first Manchester development and could expand Far East Orchard’s managed student-housing exposure near two major universities.

## AI summary

Far East Orchard secured Gateway 2 approval to begin constructing a 239-bed Manchester PBSA project scheduled for completion in 2028.

## Original article

Far East Orchard has secured regulatory approvals for its purpose-built student accommodation (PBSA) development in Manchester, UK, allowing it to commence construction on the 239-bed project.

In a July 27 release, the group said it has received Gateway 2 approval under the UK’s Building Safety Act for the development. Located in Plymouth Grove, the project is being undertaken through the Far East UK Student Accommodation Development Fund (Fesad). The fund is managed by Far East Orchard.

The project is expected to be completed in 2028, in time for the start of the 2028/2029 academic year. Upon completion, the development will be operated by Homes for Students, a subsidiary of Far East Orchard. It is within walking distance of the University of Manchester and Manchester Metropolitan University.

Read also: Centurion Accommodation REIT acquires Sydney PBSA asset for A$345 mil

“As a development undertaken through Fesad, this milestone supports the execution of the fund’s value creation strategy while reinforcing our ability to originate, develop and manage high-quality PBSA assets in attractive university cities across the UK,” said Alan Tang, group CEO of Far East Orchard.

This is the second PBSA development by Fesad, following another project on Osborne Street in Glasgow, UK, which topped out in April. It is also Fesad’s first development in Manchester. Far East Orchard acquired the Plymouth Grove site in April 2025 for GBP10.9 million ($19.2 million).

## Chinese translation

> Translation model: grok

### 远东乌节获批开工建设曼彻斯特专用学生宿舍项目

该239床位专用学生宿舍预计于2028年竣工。

远东乌节（Far East Orchard）已为其位于英国曼彻斯特的专用学生宿舍（PBSA）开发项目取得监管批准，从而可启动这座239床位项目的建设。

集团在7月27日的公告中表示，已根据英国《建筑安全法》（Building Safety Act）获得Gateway 2批准。该项目位于Plymouth Grove，由远东英国学生宿舍开发基金（Fesad）推进，基金由远东乌节管理。

项目预计于2028年竣工，以赶上2028/2029学年开学。竣工后，将由远东乌节子公司Homes for Students运营。项目步行可达曼彻斯特大学与曼彻斯特城市大学。

另读：百胜屋业住宿房地产投资信托以3.45亿澳元收购悉尼专用学生宿舍资产

远东乌节集团首席执行官邓元凯（Alan Tang）表示：“作为通过Fesad推进的开发项目，这一里程碑有助于落实基金的价值创造策略，同时强化我们在英国具吸引力的大学城市中发起、开发并管理优质专用学生宿舍资产的能力。”

这是Fesad的第二个专用学生宿舍开发项目，此前位于英国格拉斯哥Osborne Street的项目已于4月封顶。这也是Fesad在曼彻斯特的首个开发项目。远东乌节于2025年4月以1,090万英镑（约1,920万美元）收购Plymouth Grove地块。