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May 2024

Last Updated: 04/07/2024

News

Business Breakfast: Harrogate based Homes For Students welcomes new £17m shareholder

by Lauren Ryan

| 28 May, 2024

Homes for Students CEO Martin Corbett Business Breakfast

Harrogate-based purpose-built student accommodation company, Homes For Students (HFS), has welcomed a new major shareholder.

International real estate company Far East Orchard Limited has bought a 49% stake in the business in a deal worth £17.6 million.

Founded in 2015, HFS operates over 40,000 beds in more than 50 university towns and cities in the UK and Ireland.

Far East Orchard moved into the development and investment of purpose-built student accommodation in the UK in 2015. Legal firm Raworths, also based in Harrogate, advised HFS on the deal, having represented the company since its inception.

Martin Corbett, chief executive officer for Homes for Students said:

“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.

Far East Orchard was represented by CMS and the exiting investors were advised by Walker Morris and Dentons.

Harrogate architects become a B Corp

S+SA Architects has announced its certification as a B Corporation (or B Corp).

Verified by B Lab the certification assesses the entirety of a business’ operations and currently covers five main impact areas: Governance, Workers, Community, Environment and Customers.

Joel Smith, director of S+SA Architects, said:

"Over the past 10 years, our practice has grown, establishing a modern practice ethos that has people at the centre of its purpose. We pursued B Corp Certification to join like-minded businesses meeting high standards of social and environmental impact.”

Harrogate Hotel win TripAdvisor Travellers' Choice Awards 2024

Cedar Court Hotel has been recognised in TripAdvisor’s Travellers’ Choice Awards for 2024.

Cedar Court Hotel Harrogate hotel has celebrated its second consecutive win, while the Bradford branch recorded its first win.

Wayne Topley, managing director of Cedar Court Hotels, said:

"We are so proud of what our teams have achieved; these awards are a testament to the significant investments and renovations each hotel has undergone and the focus on the teams and our customers that is now very much part of our DNA."

Oliver Stott, hotel manager for Harrogate, said:

“This has been a real journey. In 2019, the hotel ranked 25th in the Harrogate Market on TripAdvisor. I am so proud of the team and that they receive daily positive recognition for their efforts.”

Yorkshire audiologists introduce new clinic:

Bayfields Opticians and Audiologists has introduced a specialist service as the number of tinnitus cases in the UK continues to rise.

According to Tinnitus UK, prevalence of the condition has increased by 50 per cent in the last 15 years. Bayfields new Tinnitus Clinic, introduced to tackle the condition will include a free 15-minute tinnitus hearing health check.

Patients who are diagnosed with the condition will then be invited to an in-depth 75 minute personalised examination to determine the extent and cause.

Sarah Griffiths, tinnitus specialist audiologist at Bayfields Opticians and Audiologists, said:

“We’re seeing a real increase in clients who are suffering with the effects of tinnitus in recent years, and it’s affecting people of all ages. Modern life and the increased use of technology such as headphones, coupled with a faster paced lifestyle and higher stress levels can all play a role in the development of tinnitus.

Harrogate company become official on-seller of Abu Dhabi Grand Prix tickets

Harrogate-based events company Impulse Decisions is one of only five companies in the UK to be official on-sellers of tickets for this years Abu Dhabi Grand Prix.

The event takes place on 5th-9th December this year.

Currently based in Windsor House in Harrogate, but moving to new offices soon, Impulse Decisions also offer a range of other sporting events and corporate hospitality in addition to their charity auctions.

Grantley Hall to sponsor Ebor Fashion Lawn

Grantley Hall, Ripon, is set to be this year’s headline sponsor of the Ebor Fashion Lawn.

The event will take place across The Sky Bet Ebor Festival, from August 21-24 at York Racecourse.

The Ebor Fashion Lawn is a catwalk that’s open to all during the races, offering the opportunity for the most stylishly dressed to show off their outfits, whilst a judging panel will then select the best dressed each day of the festival.

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