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 student accommodation assets in Singapore, Australia, the United Kingdom (“UK”) and the United States (“US”).
Established in 1981 as an audio cassette tape manufacturer, the Company was listed on the Singapore Exchange (SGX: OU8) in January 1995. In 2011, the Group successfully diversified into the accommodation business via a reverse takeover 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 2017, the Group owns and manages a strong portfolio of 26 operational accommodation assets totalling c.55,148 beds. With projects currently under development and undergoing asset enhancement works, the Group’s portfolio of accommodation assets is expected to grow to c.68,288 beds by FY2020.
Centurion’s established portfolio of workers accommodation assets are managed under the “Westlite” brand. The Group owns a portfolio of c.26,100 beds across four workers accommodation assets in Singapore and c.23,700 beds across six workers accommodation assets in Malaysia as at 31 December 2017.
The Group successfully expanded into the student accommodation business in 2014. Centurion currently owns a portfolio of eight assets in the UK with a total capacity of 2,420 beds, a 332-bed asset in Singapore and a 456-bed asset in Australia. In November 2017, Centurion entered the US student accommodation market through its inaugural private fund, the Centurion US Student Housing Fund, by acquiring 2,140 beds across six purpose-built student accommodation assets in five US states. Marking its first venture into the US, the acquisition also opened a new chapter of investment and property management services for the Group. With the exception of RMIT Village, the Group’s student accommodation assets are managed under the “dwell” brand.
With global reach and a clear growth strategy to actively enhance and manage its assets, identify strategic acquisitions and joint ventures, as well as develop customised accommodation management services, Centurion is well positioned to become a leading provider of quality, purpose-built accommodation.