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Sydney service station sells for $46 million

A Singaporean developer has splashed $46.1 million on a Sydney service station and is planning to build a purpose-built student accommodation facility on the Redfern site, in the latest indication of increased positive sentiment around Australian education.

104 Regent Street BP
Wee Hur is planning a major transformation of this Redfern BP station. Photo: Savills Australia

A Singaporean developer has splashed $46.1 million on a Sydney service station and is planning to build a  purpose-built student accommodation facility on the Redfern site, in the latest indication of increased positive sentiment around Australian education. 

Singapore-headquartered Wee Hur Holdings acquired the BP Service Station at 104-116 Regent Street in Redfern

, with the intention of building a 384-bed student accommodation facility.

Broke…