Far East Orchard
Far East Orchard Limited (“Far East Orchard”) is a real estate company with a lodging platform that aims to achieve sustainable and recurring income through a diversified and balanced portfolio.
Far East Orchard targets $3b core AUM by 2030 under new strategy
Far East Orchard targets $3b core AUM by 2030 under new strategy
The group will scale its lodging platform, targeting 110,000 rooms and beds.
Far East Orchard more than doubles net profit in Q1
This is despite a dip of 8.6% in its first quarter revenue.
Far East Orchard’s profit more than doubles in 9M FY24 to $16.9m
The company attributed its feat to its strong operating performance in H1.
Far East Orchard launches student housing fund, secures £70m in first close
The funding will be used to construct a 273-bed student accommodation project in Glasgow, Scotland.
Far East Orchard’s H1 profit jumps 259.2% on strong PBSA segment earnings
The PBSA segment reported a 22.8% YoY revenue increase.
Far East Orchard sells Rendezvous Hotel Perth Central for $16.5m
The expected gain from the disposal is $5.4m.
Far East Orchard posts 54.8% net profit surge in 1Q24
Company credits stable hospitality segment for performance boost.
Far East Orchard buys 49% stake in UK’s Homes For Students Limited
Homes For Students Limited is the largest independent PBSA operation in the UK.
Far East Orchard ventures into Scotland with Glasgow land purchase
The acquisition signals OSDL's entry into Scotland's student housing market, reinforcing its PBSA growth strategy.
Far East Orchard triples net profit in FY23
Net profit for the period was $66.0m.
Profit of Far East Orchard rises 18.8% YoY to $7.6m in 9M23
The company attributed improved financial performance to the strong recovery of its hospitality business.
Far East Orchard’s profit attributable to equity holders rises 2.1% YoY to $8.2m in 1H23
The company attributed its improved earnings to strong tourism growth.
Far East Orchard eyes stabilisation of hospitality business by 2024/25
To achieve such, it will grow its portfolio to 25,000 beds within two years.
Far East Orchard acquires student accommodation property in London for $22.9m
The acquisition is slated for completion in April 2023.
Far East Orchard improves earnings in H1 due to border opening
Its earnings reached $8m compared to $1.9m loss in the previous year.
CityDev acquires Central Square for $315m
The move will be part of the redevelopment of the Central Mall properties.
Far East Orchard records net loss of $20.8m in September
The ongoing lockdowns continued to weigh down the group's hospitality segment.
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