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Listed Singaporean company acquires Redfern site
SGX-listed company, Wee Hur Group, has completed a $46.1 million acquisition of a site on Regent Street in Redfern, Sydney.
Jerome Doraisamy
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.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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