M&A dealAustralia’s Allens Advises on $990M Student Accommodation Purchase
Ashurst and MinterEllison acted for the vendors, sources say
January 15, 2025 at 03:48 AM
2 minute read
Australian firm Allens is advising global real estate company Greystar on its purchase of a suite of student accommodation properties.
The $991 million purchase from Singapore-listed real estate investment firm Wee Hur Holdings and Singapore sovereign wealth fund GIC marks Greystar's first foray into the Australian student accommodation market. The purchased portfolio includes seven purpose-built student accommodation assets in Sydney, Melbourne, Brisbane, Adelaide, and Canberra.
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