Fund Management
The fund management business is undertaken by Wee Hur Capital Pte. Ltd. (“WHCP”) which is a wholly-owned subsidiary of Wee Hur Holdings Ltd.
WHCP proactively manages each stage of the fund’s real estate life cycle through expertise in acquisition, development, asset and portfolio management. Our mission is to match investors’ capital with suitable real estate strategies to provide attractive risk-adjusted returns. We constantly strive to develop meaningful real estate solutions for the community, with specific attention to detail to create gem real estate assets.
With a robust decade-long track record in Australia’s PBSA sector, WHCP had originated the country’s fourth-largest PBSA portfolio.
Fund I comprises of 7 operational properties, with a total of 5,662 beds, across five major cities in Australia. Fund I reached a significant milestone in December 2024, with unitholders approving the divestment of the properties in Australia, This saw RECO Weather (49.9% unitholder) indirectly selling all of their stake, while the Group retained 13% stake in the portfolio.
Fund II comprises of 1 operational property with 408 beds. It is situated at 108 Regent Street in Sydney.
Fund III – WHCP achieved another milestone in September 2024 with the acquisition of a piece of land in Adelaide CBD. Development approval was granted in October 2024 for a 708-bed PBSA. Construction work is expected to begin in the second half of 2025, with the aim of achieving operational readiness by Semester 1, 2028.
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