Manna 777 Properties owns a freehold plot of land at 7 Kim Chuan Lane with a site area of 975.9 sq m (10,504.5 sq ft), where Centurion intends to develop and operate a purpose-built workers’ accommodation (PBWA).
Centurion Corporation, through its wholly-owned subsidiary, Centurion Dormitory Venture (II), has acquired a 65% stake comprising 650,000 shares in Manna 777 Properties from ACKC Hesed and Mulberry Land for $4.81 million.
ACKC, which has a strategic affliation with the AC Hesed Group, is a private investment holding company that was established to manage the family office’s interests. Mulberry is a real estate developer incorporated in August 2021 and is held by Darren Ku, the founder of the Venturer Group.
