WHF3A will undertake a private placement exercise for the purpose of meeting the criteria of being a “managed investment trust” in Australia so as to be eligible for certain tax concessions and to raise funds for its PBSA development in Australia.
Wee Hur Holdings, through its wholly-owned subsidiary, has entered into a trust deed and investment management agreement in relation to the establishment of Wee Hur PBSA Fund III A (WHF3A) on Oct 21.
The establishment of WHF3A is for the group’s new purpose-built student accommodation (PBSA) development at Grenfell Street, Adelaide.
