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SPH to Enhance Its Student Portfolio

Posted by Richard Ward in

Image courtesy of Flickr, Creative Commons

Singapore Press Holdings (SPH) has started on a major refurbishment initiative, spending £10.6 million on enhancing nine properties in its UK student accommodation portfolio.

Under its Capitol Students brand, SPH is looking to address the changing preferences for accommodation type, as well as to "maintain their competitive edge over other properties in the area."

The efforts will be focused on the assets it acquired in September 2018 and located in cities and towns with a predominantly domestic UK student population that is anticipated to grow.

Around £5.37 million will be allocated to the conversion of 112 non en-suite rooms to studios at St Teresa House in Plymouth.

The remaining funds will be used to refurbish rooms and common areas in PBSA assets located in Huddersfield, Plymouth, Sheffield, Bristol and Birmingham.

Commenting on the announcement, technical director of SPH's student accommodation portfolio, William Lee, said: "The asset enhancement initiatives will strengthen our presence in the locations where we have built up close relationships with the local universities."