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Wee Hur completes disposal of 37.1% stake in PBSA segment for A$355.4 mil

Nicole Lim
Nicole Lim • 1 min read
Wee Hur completes disposal of 37.1% stake in PBSA segment for A$355.4 mil
The construction company will retain a 13% stake in the segment, which was sold to GS Australia Venture I Mid Trust. Photo: Wee Hur
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Wee Hur Holdings has completed the disposal of its 37.1% indirect stake in seven of its purpose-built student accommodation (PBSA) assets to Greystar. 

The sale of the PBSA segment to GS Australia Venture I Mid Trust was for a net consideration of A$355.4 million, or $319.8 million. 

GS Australia Student Venture I Mid Trust is a unit trust wholly owned by the GS Head Trust, controlled by affiliates within the global real estate organisation Greystar Real Estate Partners (GREP).

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