Centurion Corporation Limited (“Centurion” or the “Company” and together with its subsidiaries, the “Group”) owns, develops and manages quality, purpose-built workers accommodation assets in Singapore and Malaysia, and purpose-built student accommodation assets in Singapore, Australia, the United Kingdom (“UK”), the United States (“US”) and South Korea.
Established in 1984 as an audio cassette tape manufacturer, the Company was listed on the Singapore Exchange (SGX: OU8) in January 1995. In 2011, a reverse takeover saw the Group successfully diversifying into the specialised accommodation business to capture growth opportunities in this niche market. In December 2017, Centurion completed a dual primary listing on the Main Board of The Hong Kong Stock Exchange Limited (SEHK: 6090).
As at 31 December 2020, the Group currently owns and manages a strong portfolio of 35 operational accommodation assets with approximately 73,460 beds. Following the completion of projects currently under development and undergoing asset enhancement works, the Group’s portfolio of accommodation assets is expected to grow to approximately 80,776 beds in FY2021.
Centurion’s established portfolio of workers accommodation assets are managed under the “Westlite” brand. As at 31 December 2020, the Group owns a portfolio of approximately 30,320 beds across seven workers accommodation assets in Singapore and approximately 36,744 beds across eight workers accommodation assets in Malaysia.
The Group successfully expanded into the student accommodation business in 2014. As at 31 December 2020, the Group owns a portfolio of 10 assets in the UK with a total capacity of 2,815 beds, a 332-bed asset in Singapore, two assets in Australia with 896 beds and one 208-bed asset in South Korea. The Group’s student accommodation assets are managed under the “dwell” brand. In November 2017, Centurion broke new ground with the establishment of its inaugural private fund, the Centurion US Student Housing Fund, which currently holds a portfolio of 2,145 beds in the US. A year later in December 2018, the Group announced the successful first close of its second fund, the Centurion Student Accommodation Fund, to invest in purpose-built student accommodation globally (ex-US). In line with the Group’s asset light strategy, such investments allow Centurion to scale up in an efficient, sustainable manner.
With global reach and a clear growth strategy to actively enhance and manage its accommodation assets, identify strategic acquisitions supported by joint ventures and investment funds, Centurion has evolved to become a leading Singapore-based provider of quality specialised accommodation around the world.