SINGAPORE (Dec 10): Centurion Corporation's second student accommodation fund, the Centurion Student Accommodation Fund, achieved an aggregate committed capital of $70 million at its first closing.

The committed capital of $70 million comprises a committed capital of $10 million by Centurion Overseas Investment, a wholly-owned subsidiary of Centurion, as well as a committed capital of $60 million by a third-party cornerstone investor, which is a “reputable educational institution”.

The fund aims to generate stable and recurring income, delivering a total return by investing in purpose-built student accommodation assets globally (excluding the United States).

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook