Singapore's Wee Hur to Sell Its Student Housing Portfolio
Real Estate

Singapore's Wee Hur to Sell Its Student Housing Portfolio

Wee Hur Holdings, a Singapore-based real estate investment management firm, said on Monday that it will sell its student accommodation portfolio to real estate asset manager Greystar for a gross price of A$1.6 billion ($1.02 billion). Under the agreement, Wee Hur will retain an indirect stake in the portfolio via its Australian unit through a 13per cent equity interest in Greystar. The portfolio comprises of seven student accommodation assets spanning more than 5,500 beds across key Australian cities, the company said. Wee Hur said it will receive around S$320 million ($237.1 million) in net proceeds from the sale

Wee Hur Holdings, a Singapore-based real estate investment management firm, said on Monday that it will sell its student accommodation portfolio to real estate asset manager Greystar for a gross price of A$1.6 billion ($1.02 billion). Under the agreement, Wee Hur will retain an indirect stake in the portfolio via its Australian unit through a 13per cent equity interest in Greystar. The portfolio comprises of seven student accommodation assets spanning more than 5,500 beds across key Australian cities, the company said. Wee Hur said it will receive around S$320 million ($237.1 million) in net proceeds from the sale

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In a pioneering move that redefines worker welfare in Indian real estate, Rustomjee Group has unveiled a state-of-the-art 35,000 sq. ft. labour housing facility at the construction site of Rustomjee Urbania in Thane. The project sets a new industry benchmark by integrating comfort, safety, sustainability, and dignity into housing for 500 construction workers. Spread across 84 well-ventilated rooms, each 10x10 feet and accommodating up to six individuals, the facility offers far more than basic shelter. It represents a deeper cultural shift in how the construction workforce is valued—creatin..

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AD Ports’ LNG-Powered Ro-Ro Vessel Sets Sail from Khalifa Port

United Global Ro-Ro, a joint venture between Noatum Maritime (a part of AD Ports Group’s Maritime & Shipping Cluster) and Erkport, has marked a major milestone with the maiden voyage of its first LNG-powered Pure Car and Truck Carrier (PCTC), UGR Al Samha, at Khalifa Port. This event signifies a new chapter in sustainable maritime logistics, as the deep-sea vessel will serve as a green link across trade routes spanning the Middle East, Asia, and the Mediterranean. With a cargo capacity of over 7,000 car equivalent units (CEU) across 12 decks, UGR Al Samha has been designed to optimise the ..

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