Following the transaction, Wee Hur is set to retain a 13% stake through its subsidiary, Wee Hur (Australia).
Wee Hur Holdings has entered into a binding agreement to sell its portfolio of seven purpose-built student accommodation (PBSA) assets to Greystar, according to a Dec 16 release.
The group’s PBSA portfolio, which spans over 5,500 beds over several Australian cities, has a purchase consideration of A$1.6 billion ($1.4 billion).
