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Adelaide
M&A
SPH REIT to acquire 50% stake in South Australia's largest shopping centre for $636.5 mil
SINGAPORE (Nov 7): SPH REIT is acquiring a 50.0% stake in Westfield Marion Shopping Centre in Adelaide, Australia, for a consideration of A$670.0 million ($636.5 million).
November 07, 2019
Company in the news
Chip Eng Seng to develop Hyatt Regency Hotel in Adelaide
SINGAPORE (Aug 2): Chip Eng Seng has announced that its newly-acquired property at 51 Pirie Street in Adelaide, Australia will be developed into a new Hyatt Regency.
August 02, 2019
Company in the news
Suntec REIT acquires Adelaide office building for $141 mil
SINGAPORE (July 15): Suntec REIT is acquiring a freehold Grade A office building in Adelaide’s CBD.
July 15, 2019
Property
Chip Eng Seng acquires Adelaide property for $14.6 mil in IPT to redevelop into hotel
SINGAPORE (July 2): Chip Eng Seng says that its newly incorporated wholly-owned subsidiary is acquiring a property located at 51 Pirie Street in Adelaide, Australia for A$14.5 million ($14.6 million).
July 02, 2018
Property
Chip Eng Seng to acquire Adelaide hotel, adjoining properties for $44 mil
SINGAPORE (Nov 29): Chip Eng Seng Corporation (CES) has entered into contracts to acquire the Mercure & Ibis Styles Grosvenor Hotel in Adelaide, Australia as well as the adjoining commercial properties along Hindley Street for a total of A$43 million ($44
November 29, 2017
Property
Wee Hur acquires Melbourne site for $36 mil to develop student dorm
SINGAPORE (Nov 28): Developer Wee Hur Holdings announced that its Australian-focused purpose-built student accommodation (PBSA) trust, Wee Hur PBSA Master Trust, has acquired a 1,038 sqm property in Melbourne, Australia, for A$35 million ($35.8 million).
November 28, 2017
Wee Hur to expand student housing footprint in Australia
SINGAPORE (July 7): Developer Wee Hur has set up a trust to fund and build 5,000 student accommodation beds in Australia’s major cities, starting with Brisbane and Adelaide.
July 07, 2017
In print this week
A study of Centurion’s business expansion
SINGAPORE (April 28): As GIC and Temasek Holdings make headlines for increasing their investments in international student accommodation, one local company has been steadily assembling its own student housing portfolio.
April 28, 2017
Centurion to develop 280-bed students dorm in Adelaide
SINGAPORE (March 30): Centurion Corporation is developing a new 280-bed student accommodation in Adelaide, Australia.
March 30, 2017
Wee Hur planning to develop Adelaide student dorm
SINGAPORE (March 28): Wee Hur Holdings is planning to acquire a freehold land with an existing office warehouse building in Adelaide, Australia, for $6.4 million.
March 28, 2017