Singapore-listed accommodation provider Centurion Corporation is seeking potential investors in preparation for the launch of its second student accommodation private fund.
The fund launch is part of the group's plan 'to aggressively grow its UK purpose-built student accommodation (PBSA) portfolio over the next three years'.
'In the coming years we plan to considerably grow our portfolio in the UK, a market which has performed well and is underpinned by a world-class education system,' said Centurion's CEO Kong Chee Min. 'With the launch of a second student fund we hope to build our exposure to existing, as well as emerging, key education hubs in Europe and Asia.'
Centurion has increased its PBSA beds under management from 456 in 2014 to 5,475 in 2018. It currently operates 2,543 beds across the UK, making up almost 50% of its total global student portfolio.
The latest addition to the group’s UK portfolio was 121 Princess Street, in central Manchester, acquired for £18.7 mln (€20.7 mln) in July this year.
