Wee Hur Group’s $46.1 Million Acquisition of Two Sites in Redfern


ohnson Winter & Slattery has advised SGX listed Wee Hur Group on its acquisition of a $46.1 million site in Sydney’s Redfern, following its recent acquisition in Canberra.

The Singapore-based group has purchased a 1366 sq m site at 104-116 Regent Street, Redfern, which it plans to develop into university accommodation. The development will include a student housing complex with 384 beds and 200 sq m of ground-floor shops.

The site was acquired from BP Australia and was identified and negotiated by Wee Hur’s investment manager, Sydney-based Intergen Property Group.

Wee Hur already owns two properties adjoining the site, which are also being developed for student housing to deliver a total of 1300 beds across the three sites.

The Johnson Winter & Slattery team was led by Partner Peter Trevaskis (Picture), who worked with Senior Associate Stephanie Chun and Associate Rita Bradshaw. Partner Samantha Daly advised on the environment and planning aspects of the transaction, while Partner Prashanthe Kainthaje advised on tax and structuring.

Involved fees earner: Rita Bradshaw – Johnson Winter & Slattery; Stephanie Chun – Johnson Winter & Slattery; Samantha Daly – Johnson Winter & Slattery; Prashanthe Kainthaje – Johnson Winter & Slattery; Peter Trevaskis – Johnson Winter & Slattery;

Law Firms: Johnson Winter & Slattery;

Clients: Wee Hur;

Avatar

Author: Michael Patrini