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Fresh off student housing deal, Wee Hur keen on more partnerships with institutional investors

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Tessa Oh

Tessa Oh

Published Mon, May 23, 2022 · 05:50 AM
    • Goh Wee Ping (left, with his father Goh Yeow Lian) managed to find a new investor for the group's student accommodation property trust.
    • Goh Wee Ping (left, with his father Goh Yeow Lian) managed to find a new investor for the group's student accommodation property trust. PHOTO: YEN MENG JIIN

    WEE Hur Holdings ’ 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.

    Wee Hurstudent accommodationConstructionTopline

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