Second REDFERN Bite by Singaporean Group WEE HUR … Acquisition for Student Accommodation

On 28 June CAAN shared this story about Wee Hur

WEE HUR’s first acquisition was made by the Trust Company (Australia) in Regent Street Redfern for $A36 M., and entered into a contract for the sale and purchase with the City of Sydney for a property at 90 Regent Street Redfern for $10M

NOW this student accommodation developer has scooped up a row of shops and residential units between 90 and 102 Regent Street … close to both the University of Sydney and the University of Technology Sydney

Taking advantage of the growth of infrastructure of both Redfern Railway Station and the Metro station at Waterloo

THIS is apart from Wee Hur’s acquisitions in Melbourne in 2018 in Gibbons Street with plans for 515 bed accommodation, and the Melbourne CBD.

LONG TERM PLANNERS … this Singaporean group acquired two sites in the Buranda transport precinct in Brisbane;  with plans for 5,000 beds across Sydney, Melbourne, Brisbane and Adelaide!