The portfolio consists of seven high-quality PBSA assets spanning across major capital Australian cities and comprising over 5,500 beds.
The portfolio was ultimately co-owned by a joint venture between SGX listed company Wee Hur Holdings and a Singaporean sovereign wealth fund which was initially set up with MinterEllison's assistance.
MinterEllison managed all Australian legal aspects of the deal, including the unit sale agreement, Wee Hur's structured minority stake reinvestment in the portfolio and financing matters. The deal completed on 1 April 2025.
The MinterEllison team was led by Partner, Wissam Abwi and Senior Associate, Hannah Dixon (M&A / Capital Markets), with Partner, Ben Rumble leading on financing matters.
Wissam Abwi said "The scale and complexity of this transaction is a testament to the depth and expertise of our team at MinterEllison. Advising the Vendors on this market-moving deal, which involved a complete stake sale and a strategic reinvestment, underscores our strength in navigating high-value, multifaceted transactions within the Australian market"
