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Wee Hur to expand student accommodation business in Australia

Its business trust has, through wholly-owned sub-trust, acquired properties there for a total consideration of A$46m

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Claudia Tan HS

Published Fri, Jun 26, 2020 · 09:50 PM

Singapore

WEE Hur Holdings announced on Friday that its purpose-built student accommodation (PBSA) business trust in Australia has, through its wholly-owned sub-trust, acquired properties there for a total consideration of A$46 million (S$44 million).

The acquisitions are in line with the group's strategy to venture into Australian-focused PBSA with the aim of collecting passive recurring rental income, it said in a regulatory update.

Wee Hurstudent accommodation

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