WEE Hur Holdings : E3B 0%’ recent sale of a chunk of its Australian purpose-built student accommodation (PBSA) portfolio could be described as something of a coup for the construction and real estate group.

The mainboard-listed company had announced in a bourse filing last month that it will be selling a 9.9 per cent stake in Wee Hur PBSA Master Trust (WHPMT) for A$112.7 million ($113.3 million).

Other shareholders of WHPMT holding a 40 per cent stake will also divest all of their interest in the property trust.