Wee Hur says A$1.6 billion student accommodation sale not a done deal yet

The article also claimed that Wee Hur, which sold a 49.9 per cent stake in the project to GIC in April 2022 for A$567.9 million (S$573.6 million), is expected to retain a stake post-acquisition “as GIC hands over ownership to Greystar”. The piece said the sovereign wealth fund has agreed to “sell its student accommodation business for a A$1.6 billion gross price”.

The group currently holds a 50.1% interest in its student housing fund; GIC holds the remaining stake.https://t.co/obOQwZFCpt

— Isaac (@watsnex101) October 18, 2024