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Rex Intl0.178-0.015
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SPH

Stock Chart
Last Done 1.970
Change -0.040 (-1.99%)
Volume 8,435.5
Range 1.960 - 2.000

Related News

SPH records revaluation gain of £22.8m on UK accommodation portfolio

11 Sep 2019 09:00

By Vivien Shiao

SINGAPORE Press Holdings (SPH) has recorded a revaluation gain of 6.7 per cent, or £22.8 million (S$38.4 million) on its purpose-built student accommodation portfolio in the UK.

The gain comes within a year of the media and property group's expansion into the student accommodation sector, with an initial £180.5 million investment, it said in a statement on Monday.

On the back of further investments, the portfolio grew to £338.4 million, comprising 5,059 beds across 10 cities in the UK.

As at Aug 31, real estate consultancy Cushman & Wakefield has valued the portfolio at £361.2 million, giving rise to a revaluation gain of £22.8 million.


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Source: Business Times
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