Centurion Corp, which owns and manages worker hostels in Singapore and Malaysia, is considering spinning off some of its assets via a real estate investment trust (REIT) to free up capital for expansion. In a filing with the Singapore Exchange (SGX) on Friday (Jan 16), Centurion said it is exploring a possible REIT listing with the help of Barclays, United Overseas Bank and UOB Kay Hian. Centurion,...
Centurion
Singapore's Centurion Corp, which is best known for its worker dormitories, is diversifying into student accommodation in the United Kingdom with the proposed acquisition of four properties for £77 million (S$164.5 million). The four properties -- Manchester Student Village, Manchester Student Village South, The Grafton in Manchester and Cathedral Campus in Liverpool -- have a total of 1,906...