Centurion completes 280-bed student housing in Adelaide
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CENTURION Corporation has completed its 280-bed quality newbuild student accommodation in Adelaide at the cost of A$45.5 million (S$48.7 million), including the cost of land, the group said in a statement on Wednesday morning before market open.
This makes it the group's 18th purpose-build student accommodation (PBSA) across Australia, Singapore, the UK and the US with 5,754 beds in all. It is the group's second asset in Australia after its acquisition of RMIT Village in 2014. The property is now open for registration and will be available for rent from January 2019 to cater to the student intake for the new academic year.
The 21-storey PBSA, named dwell East End Adelaide, at 12-18 Synagogue Place off Rundle Street is close by The University of Adelaide, University of South Australia and the main Rundle Mall shopping strip.
