Wee Hur in joint venture to build Wycombe Abbey international school in Singapore
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The group is also consolidating its purpose built student accommodation (PBSA) assets under WHF3A.
PHOTO: WEE HUR HOLDINGS
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SINGAPORE – Wee Hur announced on Oct 22 that its wholly owned subsidiary Wee Hur Property has entered into a joint venture (JV) to develop an international school in Singapore.
Under the JV, the unit will build Wycombe Abbey School (Singapore) in Hougang Avenue 3.
The company said the JV is in line with its strategy of investing in demand-driven property segments that generate sustainable, long-term value, and will leverage its expertise in education-related and institutional developments.
The project is part of the broader expansion in Asia of Wycombe Abbey International Schools, which has existing campuses in mainland China and Hong Kong. It is planning to open a campus in Incheon, South Korea by 2028.
Founded in 1896, Wycombe Abbey is a British girls school in High Wycombe, Buckinghamshire. It has been ranked as one of the best private and boarding schools in Britain. Overseas campuses operate as coeducational schools.
Wee Hur Property’s shareholding in Wycombe Abbey School (Singapore) comprises 49 per cent of ordinary shares and 60 per cent of class B shares.
Its partner WA Education Service holds 51 per cent of ordinary shares and 30 per cent of class B shares, while partner WM (IS) has 10 per cent of class B shares.
New fund to acquire ninth PBSA asset
Wee Hur also announced on Oct 22 that its other wholly owned subsidiary Wee Hur Capital had on Oct 21 entered into a trust deed with Perpetual (Asia) regarding the establishment of the Wee Hur PBSA Fund III A (WHF3A).
Anchor Urban Development, an 80 per cent owned Australian subsidiary of Wee Hur, is proposing to sell Grenfell Property, an 868 sq m freehold property in Adelaide to WHF3A.
This is part of the group’s ongoing initiative to consolidate its purpose built student accommodation (PBSA) assets under WHF3A.
Comprising 708 beds, the property represents the group’s ninth PBSA asset. Development of the property commenced in June 2025 and is targeted to complete by the second half of 2027.
Under the deed, Wee Hur Capital is the fund’s manager and Perpetual (Asia) is the trustee. Wee Hur (Australia) is the sponsor of the fund.
Shares of Wee Hur rose after the news, gaining 1.4 per cent or one cent to 71.5 cents as at 11.13am. THE BUSINESS TIMES
With additional information from The Straits Times
