Centurion to build student accommodation in Australia
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CENTURION Corporation is set to make its foray into the student accommodation business, after it emerged as the successful bidder for the construction of RMIT Village and an adjoining car-park building in Melbourne for a total purchase consideration of A$60 million (S$68.7 million).
This comprises A$52 million for the student accommodation and A$8 million for the car-park building.
The transaction is subject to certain conditions, including approval from the Foreign Investment Review Board of Australia.
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