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Centurion to acquire US student housing

Five assets across four states will add 1,936 beds to its accommodation portfolio which includes Australia, UK

Published Mon, Jul 24, 2017 · 09:50 PM

Singapore

CENTURION Corporation Ltd announced on Monday its intention to enter the US market as its wholly-owned subsidiary, Centurion Overseas Investments (III) Pte Ltd, proposed an acquisition of a portfolio of five student accommodation assets across four US states.

In a Singapore Exchange (SGX) filing, Centurion said the portfolio comprised 1,936 beds across the five fully operational student accommodation assets, and has an aggregate purchase consideration of US$136 million.

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