Wee Hur

Wee Hur: Awarded a $57.0m design and build project at Fusionopolis from A-REIT. Project covers the design and build of a business park and office mixed use dev comprising 2 blks of 6-storey buildings with 2 lvls of basement carpark. The project will commence in end-Oct 2011 and is expected to complete in 3Q2013. It is designed to be a R&D complex with retail outlets and serviced apts. Rev is expected to accrue mainly in 2012. Wee Hur trades at approx 6.9x P/E.