A study of Centurion’s business expansion

SINGAPORE (April 28): As GIC and Temasek Holdings make headlines for increasing their investments in international student accommodation, one local company has been steadily assembling its own student housing portfolio.

Centurion Corp, which has built a business in workers’ dormitories, is expanding its stable of student properties in Australia and the UK. And with this enlarged portfolio, it is hoping to seek a secondary listing in Hong Kong.

Recently, Centurion announced it was partnering South Australian developer Kyren Group on a new 280-bed student accommodation in Adelaide’s CBD. Centurion will acquire a 21-storey property from Kyren, which is building a mixed development on freehold land that includes a hotel and serviced apartments.

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