Centurion’s planned Reit will do the ‘heavy lifting’ of its assets, says CEO
The group hopes to ‘rationalise its assets’ in a way that will help them to grow bigger
Add BT as a preferred source
PURPOSE-BUILT accommodation operator Centurion Corporation said on Thursday (Feb 27) that the proposed real estate investment trust (Reit) comprising some of its worker and student accommodation assets will do “the heavy lifting” as the group focuses on becoming asset-light.
Chief executive Kong Chee Min said that the group has been aiming to grow its assets under management for some time, but does not need to hold on to the properties.
“The Reit will be able to take the heavy lifting of our assets,” he said. “We have a quite heavy asset base, so this is something the Reit vehicle will help us with.
TRENDING NOW
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects
E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement
Employers want AI-fluent employees. Hiring them is the challenge
