Centurion's next stop: senior housing?
From selling optical disks to beds in worker dorms and student hostels, the firm has been nimble in adapting to market trends
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Listed accommodation provider Centurion Corp has shown itself to be a nimble company that is adept at moving with the times.
Since its emergence from a 2011 reverse takeover, the company has transformed from selling obsolete optical disks to selling beds in workers' dormitories, and is now also into student accommodation. It says it wants to become a hospitality player. It has even created brands for its workers' and students' housing, called 'Westlite' and 'dwell' respectively.
As competition heats up in the United Kingdom for student hostels, and the appeal of workers' accommodation dims with the tightening of immigrant inflow into Singapore, what other asset classes may Centurion next expand into to fuel the company's growth?
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