About This Fund
Far East Orchard Limited (FEO) has successfully closed its first private student accommodation development fund, FE UK Student Accommodation Development Fund (FESAD), at £96.0 million in committed capital. Institutional investors contributed 63.5%, while FEO retained 36.5%, reinforcing the Group’s pivot to an asset-light, fee-based model. The fund exemplifies the Group’s ambition to scale its lodging platform through recurring income and aligned capital partnerships.
FESAD targets purpose-built student accommodation (PBSA) development opportunities in key university cities across the United Kingdom. Leveraging FEO’s integrated investment, development, asset management, and operational platforms—strengthened by its April 2024 acquisition of a 49% stake in operator Homes for Students—the fund aims to address the chronic undersupply of quality student beds in high-demand cities.
Over 35% of FESAD's capital has already been committed to two projects: a 273-bed PBSA in Glasgow and a 239-bed scheme at Plymouth Grove, Manchester. Both developments are strategically located to meet rising student housing demand and support the Group’s broader growth strategy focused on resilient, scalable real estate verticals.