These PBWAs are located in mature industrial estates, with the six assets benefitting from strong migrant workforce catchment, supported by healthy occupancies and an established customer base, and will be immediately accretive to the group’s earnings, Centurion says.
Centurion Corporation has acquired a Johor-based dormitory operator for a total consideration of RM110.8 million, or $33.2 million.
The operator, Harum Megah Resources, is incorporated in Malaysia, and owns and operates a portfolio of six purpose-built worker accommodation (PBWA) across Johor with a total capacity of about 7,197 beds.
