Properties

Portfolio of Six Purpose-built Student Accommodation



In December 2020, Metro established a purposebuilt student accommodation (“PBSA”) fund, Paideia Capital UK Trust (“Trust”) through a newly formed strategic partnership with Lee Kim Tah Holdings Limited and Woh Hup Holdings Pte Ltd, to expand and diversify further in the United Kingdom. Metro and its joint venture partners incorporated Paideia Partners Pte. Ltd. to act as fund manager to grow its fund management arm.

Upon the First Closing of the fund, the Trust acquired its first PBSA seed property in Warwick for a total consideration of £21.5 million (approximately S$38.7 million). In January 2021, the Trust acquired its second asset in Bristol – Dean Street Works, for a total purchase consideration of £30.1 million (approximately S$54.8 million). In May 2022, the Trust completed its acquisition of the next four PBSA properties in Durham, Exeter, Glasgow and Kingston for a total consideration of £74.4 million (approximately S$119.0 million).

The total portfolio of six PBSA properties was valued at £136 million (approximately S$232 million) and achieved a committed occupancy rate of 97.8% as at 31 March 2026.

 











 


Key Statistics
Trust
Paideia Capital UK Trust
Initial Aggregate Committed Capital
£60.0m
% owned by Group
33
No. of Beds
903
Occupancy Rate (%)
97.8
Valuation (100%)
S$252 million
(£150 million)
Fund Manager
Paideia Partners Pte. Ltd.
% of Fund Manager owned by Group
33.3
Partners
Lee Kim Tah Holdings Limited / Woh Hup Holdings Pte Ltd