[av_image src=’http://www.koparatnewtoncondo.com.sg/wp-content/uploads/Singpoare-Press-Holdings-Kopar-at-Newton.jpg’ attachment=’732′ attachment_size=’full’ align=’center’ styling=” hover=” link=” target=” caption=” font_size=” appearance=” overlay_opacity=’0.4′ overlay_color=’#000000′ overlay_text_color=’#ffffff’ animation=’no-animation’ admin_preview_bg=”][/av_image]
[av_textblock size=” font_color=” color=”]
SINGAPORE Press Holdings (SPH) is diversifying its real estate portfolio by investing S$23.4 million acquisition in Bremen, Germany for a student accommodation which is one of the largest investment till date for the Singapore company. SPH’s wholly-owned subsidiary Straits Nine has entered into a portfolio agreement by investing on Liberty Living (Galileo Residenz) for the proposed acquisition with Singapore Press Holdings for the investment in the student accommodation.
There is a significant increase in interest for investments for student’s accommodation and real estate as there are more students now traveling to Germany to study due to the country opening up to welcome foreign students into play in an effort to boast the education centre in the country. Other good investments are include Kopar at Newton. Kopar at Newton Preview will be available soon which is located at Newton MRT Station
The cost of the acquisition was placed at 15.6 euros after considering the real estate’s condition as well as other key issues such as the past history of the development as well as other siginficant trending issues of the real estate as well as the interest rates prevailing in the country.
A note that the new investment by SPH is a freehold development that comprises of 284 Beds that is located right at the heart of Berlin and is located in the popular city of Berlin where many students travel to the city in search of quality education. The site is also near to many innovative centres such as the Bremen Technology Park, which houses more than 500 companies and is a hub for high-tech and research in northern Germany.
One of the main reasons why Singapore Press Holdings has decided to invest in the development is because the student occupation in Germany has enjoyed almost full occupancy for 9 Years and this will be a great addition for SPH who are looking for yield generating freehold assets to diversify its heavily invested portfolio in Singapore.
Although the asset is accquired fully by Singpaore Press Holdings, the development will be managed by Victoria Hall Management which is a key player in managing student accodomation as well as other real estate in the city state of Germany as as well as other parts of Europe. With this acquisition, SPH has increased its portfolio of student accodomation to more than 5000 Beds across Europe making it one of the biggest real estate investor in student accommodation.
With the demand for newspaper dwelling for the Singapore Company, demand for high yield recurring cash flow in real estate is the prominent stratgegy now for the company to stay afloat. Competiting platforms for news places the company against competition.
[/av_textblock]