Singapore-based specialist accommodation provider Centurion Corporation has entered its fourth Australian city by investing in a student housing project in Perth.
Centurion said the investment in the 472-bed purpose-built student accommodation (PBSA) development was in line with the group’s broader capital recycling strategy.
Kong Chee Min, CEO of Centurion Corporation, said: “This development strengthens our PBSA presence in Australia and expanding our footprint in the western part of the country. Its location within a well-established university precinct positions the project to capture resilient demand.
“As part of our growing pipeline, it is expected to contribute to sustainable growth, operational scale and long-term value creation for the group.”
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