Centurion offers early lease termination for UK students

It expects up to £5m revenue loss as a result of lower occupancies

Published Tue, Apr 21, 2020 · 09:50 PM

Singapore

HOUSING operator Centurion Corp on Monday said it will allow students residing at its UK accommodation the option of leaving their tenancies early for the current academic year. This is applicable for the remainder of the UK academic year 2019-2020 (AY19/20) from May 1 till the end of August.

The move comes as the UK government has put in place a nationwide lockdown to contain the spread of the novel coronavirus.

As such, Centurion expects lower occupancies at its UK properties for the rest of AY19/20. The group anticipates a decrease in revenue of between £3 million (S$5.3 million) and £5 million during thi…