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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
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.
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