SPH revamps UK student accommodation portfolio for $18.9m

112 non en-suite rooms will be converted to private rooms.

Singapore Press Holdings (SPH) has commenced an asset enhancement initiative for nine properties in its UK student accommodation portfolio.

An estimated total of $18.9m (£10.6m) will be spent on refurbishing the assets.

About $9.56m (£5.37m) is earmarked to convert 112 non en-suite rooms to students at its St. Teresa House accommodation in Plymouth city to cater to students who prefer private spaces.

The rest of the investment will be alloted to the refurbishments of rooms and selected common areas for the eight assets in Huddersfield, Plymouth, and Sheffield, as well as in Bristol and Birmingham.

The portfolio was acquired in September 2018. 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!