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SGX-listed company, Wee Hur Group, has completed a $46.1 million acquisition of a site on Regent Street in Redfern, Sydney.
Firm: Johnson Winter & Slattery (Wee Hur Group).
The site was acquired from BP Australia.
Value: $46.1 million.
Area: M&A.
Key players: The JWS team was led by partner Peter Trevaskis, who was supported by senior associate Stephanie Chun and associate Rita Bradshaw, with partners Samantha Daly and Prashanth Kainthaje providing environment and planning and tax and structuring advice respectively.
Deal significance: Mr Trevaskis said the firm is “proud” to have supported Wee Hur on these two investments.
“Wee Hur has continued to actively invest in student accommodation in Australia’s major cities, despite the current downturn caused by the COVID-19 pandemic,” he said.
“On the back of these two transactions, the company will be well positioned to capitalise on the revival of this sector when international travel and the economy return to pre-COVID levels. We are delighted to have played a role in helping Wee Hur secure these two sites.”
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Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.
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Jerome Doraisamy
