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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
Add BT as a preferred sourcePublished Mon, Jul 24, 2017 · 09:50 PM
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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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