Money Briefs: Mapletree buys UK student lodgings

Mapletree buys UK student lodgings

SINGAPORE • Mapletree Investments, the real estate business of state investor Temasek Holdings, said yesterday it had bought a portfolio of 25 student accommodation assets, comprising 5,500 beds, in the United Kingdom.

The acquisition marks Mapletree's first investment in student housing. The company did not disclose the purchase price.

It said in a statement that the properties are located within 12 core university cities in the United Kingdom, including Manchester, Edinburgh, Birmingham and Liverpool. Five assets are in London.


Greece close to getting fresh funds

BRUSSELS • Greece cleared a crucial hurdle in its massive bailout programme as euro zone ministers promised to consider debt relief to Athens, which is already under pressure from the refugee crisis.

Bailout monitors from the European Union and the International Monetary Fund will return to Greece soon in an effort to complete a long-delayed review of the programme, European Economic Affairs Commissioner Pierre Moscovici said on Monday after a meeting of the euro zone's 19 finance ministers.

Greek Prime Minister Alexis Tsipras secured Greece's third bailout, worth a staggering €86 billion (S$131 billion), last July.


Thai central bank to cut growth outlook

BANGKOK • Thailand's central bank plans to lower its 2016 economic growth forecast from 3.5 per cent seen in December due to increased downside risks, its governor, Mr Veerathai Santiprabhob, said yesterday.

The central bank has left its benchmark interest rate unchanged at 1.50 per cent, near a record low, since April last year. In December, it cut its 2016 economic growth estimate to 3.5 per cent from 3.7 per cent.


A version of this article appeared in the print edition of The Straits Times on March 09, 2016, with the headline 'Money Briefs: Mapletree buys UK student lodgings'. Print Edition | Subscribe