21 Apr 2016
Wee Hur awarded S$82.2 million contract to build warehouse for Mapletree Logistics Trust
Wee Hur Construction Pte Ltd was awarded a S$82.2 million contract to design and construct a single user 5-storey warehouse with an industrial canteen at No.76 Pioneer Road for Mapletree Logistics Trust. Work on this new project will commence on 1 May 2016 and is expected to complete in 17 months by 30 September 2017. Revenue from this project is expected to flow in from FY2016 to FY2017.
13 Jan 2016
Wee Hur officially launches 517-unit industrial development MEGA@Woodlands on 15 January 2016
Wee Hur officially launched its latest and largest industrial project till date, MEGA@Woodlands, on 15 January 2016. MEGA@Woodlands is an eight-storey ramp-up/flatted industrial building for B1 clean and light, and B2 general industry comprising 517 units, each from 1711 sq ft. It offers mega specifications and amenities which include a Sky Lounge comprising a first-of-its-kind dedicated business center featuring meeting rooms of various capacities and gym with shower facilitiies, three sky gardens with jogging trail and outdoor fitness stations. It is located along Woodlands Avenue 12 at approximately 10 minutes' walk from Admiralty MRT Station and offers excellent transport connectivity via Seletar Expressway and the future North-South Expressway. For more details on MEGA@Woodlands, please visit www.megawoodlands.com.sg.
24 Dec 2015
Wee Hur acquires property in Brisbane CBD for long term investment
Wee Hur acquired, through a wholly-owned subsidiary, an office building and an adjoining piece of land with a total land area of 5,478 sqm in the North Quarter Precinct CBD of Brisbane, Australia for a total consideration of A$63 million (approximately S$64 million) with the intention for long term investment.
26 Jun 2015
Wee Hur enters Forbes Asia's 200 Best under a Billion for 2015
Wee Hur made it to Asia's 200 Best under a Billion, a list of outstanding companies announced by Forbes Asia. Wee Hur is among just six companies from Singapore to make it to this list. These 200 companies were selected among thousands from Asia Pacific. To qualify to enter this list, the companies must have annual revenue of between $5 million and $1 billion. They are also screened for earnings growth, sales growth and return on equity in the past 12 months and over 3 years. This accolade is a testimony of the financial performance Wee Hur achieved over the past few years as the Group evolved into an integrated property developer and builder with comprehensive development and construction capabilities. Wee Hur has also made it to Asia's 200 Best under a Billion for 2013.
31 Mar 2015
Wee Hur Completes Acquisition of Three Land Parcels in Brisbane
Wee Hur's three wholly-owned Australian subsidiaries have completed the acquisition of the three plots of land at Woolloongabba, Brisbane, Australia for a purchase consideration of approximately A$51.3 million (approximately S$55.2 million). As mentioned in an announcement in December 2014, the Group will, in due time, acquire an additional 2,194 square meters bringing the total acquisition amount to A$56.5 million (approximately S$60.8 million) and the total area to 1.91 hectares.