Wee Hur PBSA Master Trust

Fund Summary

Wee Hur PBSA Master Trust originated by Wee Hur Capital and sponsored by Wee Hur Holdings is an Australian focused purpose-built student accommodation fund with an objective to develop 5,000 beds in the capital cities of Brisbane, Adelaide, Melbourne and Sydney. The portfolio of freehold properties will generate development upside due to its greenfield nature as well as yield recurring income after the assets have been completed.

As of Q4 2018, the fund has secured 5 assets in the central business district / city area. The fund aims to develop the 6th asset in either Sydney or Melbourne. The completed portfolio targets to achieve a stabilized valuation of over AUD 1 billion. To find out more about our PBSA business, please click here.

Unique Propositions of Investment Strategy

  • Strong Government Support for Education
  • Education is Australia’s largest service export industry and third largest source of export income at AUD 32 billion in 2018.
  • Simplified Student Visa Framework came into force in 2016.
  • National Strategy for International Education 2025. 10-year plan to remain as leader in provision of education services to international students.
  • Good Quality Universities Attract International Students
  • Overtook UK as second educational destination for international students after the US with 37 top universities in Australia included in world ranking 2019, 15 in the global top 250.
  • 565,975 international students in Australia in June 2018 (Higher Education, ELICOS, VET, Schools). A 11% YoY growth.
  • Stable Economic Fundamentals and Independent Legal System
  • 2018 World Economic League table projects Australia to be 11th largest economy by 2025.
  • Abundant in natural resources, highly skilled work force and strong population growth due to high immigration levels.
  • 2018 GDP at 3.4%, Inflation at 2.1%.
  • Education Campuses Concentrated in Capital Cities
  • Universities, English Language Schools (“ELICOS”), Vocational Education Training (“VET”) and Technical and Further Education institutions (“TAFE”) are situated primarily in the Central Business District within close distance to transport nodes.
  • Well located PBSA can cater to students from various campuses.
  • Australian Dollar at Attractive Levels
  • A high of 1 AUD to 1.356 SGD in Feb 2012. Low of 1 AUD to 0.913 SGD in Oct 2008.
  • As of Sep 2018, 1 AUD to 0.976 SGD
  • Structural Under Supply of Student Accommodations
  • Australia has the highest percentage of international students at 26% of total enrollments, US and UK at 5% and 19% respectively in 2017.
  • Total Purpose-Built Student Accommodation supply of 6% compared to US and UK at 12% and 24% respectively in 2017.