Homes For Students – new shareholder and major growth plans

Homes For Students welcomes an international real estate company as a new major shareholder, with just under half a stake in the company.

Integritas Property Group and Homes for Students have partnered to deliver the Deakin's Yard PBSA scheme in Newcastle-Under-Lyme | PBSA News
Integritas Property Group and Homes for Students have partnered to deliver the Deakin's Yard PBSA scheme in Newcastle-Under-Lyme.

Harrogate-based purpose-built student accommodation (PBSA) company – Homes For Students (HFS) – has welcomed a new major shareholder. International real estate company Far East Orchard Limited is buying a 49% stake. The deal is worth £17.6m and the company acquired the stake from two non-management sellers.

Far East Orchard can progressively acquire the remaining 51% interest in HFS in two stages. The first being in September 2025 and then November 2030, subject to terms and conditions.

Legal firm Raworths advised HFS on the deal, having represented the company since its inception. Far East Orchard was represented by CMS and the exiting investors were advised by Walker Morris and Dentons. 

“The shareholders and I are pleased to welcome Far East Orchard as a new principal investor to the Homes for Students team following their purchase of 49% of the share capital from four of our exiting investors.

Since May 2023, we have been operating Far East Orchard’s PBSA property and already established a successful partnership. We very much look forward to continuing to grow our enterprise together, investing in our people, technology and new business streams.

“Today, HFS employ over 800 colleagues and our turnover this year is forecast to be over £80m. We have become increasingly influential in the PBSA sector across the UK and Ireland, so together with Far East Orchard, will take PBSA to greater heights as part of our 2030 vision.”

Martin Corbett, Chief Executive Office, Homes for Students (HFS)

Founded in 2015, HFS operates over 40,000 beds in over 50 university towns and cities in the UK and Ireland. It is considered the largest independent PBSA operator in the UK.

Far East Orchard has built a reputation in real estate development, investment and management across residential, commercial and hospitality properties. The business operates in Australia, Japan, Malaysia, Singapore and the UK. They moved into the development and investment of PBSA properties in the UK in 2015.  

“We are proud to be on this journey with HFS, facilitating the company’s strategic growth plan. The investment by a significant international real estate business is a major show of confidence and further boosts HFS’s reputation as the leading PBSA provider in the UK. 

Deals of this nature are evidence of the level of service we offer our clients, and of the longstanding, trusted relationships Raworths is known for. We look forward to continuing to work with HFS on this exciting new chapter as they continue to expand into new markets and locations.”

Simon Morris, Managing Partner, Raworths

Integritas Property Group (IPG) recently partnered with Homes For Students at Deakin’s Yard PBSA. The partnership brings together the expertise of IPG in developing student accommodation. This is complemented by the knowledge and experience of Homes For Students in managing and operating student homes.

Homes For Students is part of the Client Money Protection Scheme and the Tenancy Deposit Scheme. This adds protection against rents or deposits for students and will give support to landlords by managing all searches and paperwork.