Wee Hur in option agreement to sell Brisbane CBD land for $81 mil

SINGAPORE (Dec 7): Wee Hur Holdings' subsidiary Wee Hur (Ann Street) has entered into a put and call option agreement with buyer Mirvac Office Developments for the sale of the land in Australia.

Located in the Central Business District of Brisbane, Lot 1-Ann Street forms part of a plot of land known as 62-80 Ann Street and 71-97 Turbot Street with a total land area of 5,478 sqm.

Under Wee Hur’s initial plans for disposal, the land was reconfigured into two lots, namely, Lot 1-Ann Street with a total land area of 3,690 sqm which has primary frontage to Ann Street and another plot of land fronting Turbot Street, called Lot 2-Turbot Street, with a total land area of 1,788 sqm.

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