Another asset, 732-bed Epiisod Macquarie Park in Australia, will only take place after the REIT is listed.
Yik Ban Chong of PhillipCapital has kept his "assumulate" call on Centurion Corp, with its widely awaited REIT spin off's preliminary prospectus lodged after the former's shareholders voted overwhelmingly for this deal on Sept 10.
Centurion Accommodation REIT will consist of 14 assets comprising five purpose-built worker accommodation (PBWA) in Singapore, eight purpose-built student accommodation (PBSA) in the UK and one PBSA in Australia.
