Home News Covid-19

Centurion's Covid-19 bug intensifies as it allows UK students to terminate their leases early with an expected £5m revenue loss

Amala Balakrishner
Amala Balakrishner4/21/2020 12:13 PM GMT+08  • 3 min read
Centurion's Covid-19 bug intensifies as it allows UK students to terminate their leases early with an expected £5m revenue loss
While the spread of the virus among migrant workers has intensified in the past week, the operator says the outbreak has not impacted its financial occupancy so far, the group states
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Apr 21): Mainboard-listed housing operator Centurion Corp, the operator of some of the worker dormitories that have turned into Covid-19 hotspots in Singapore, is allowing residents at its purpose-built student accommodation (PBSA) properties in the UK to terminate their leases early.


See: Covid-19

The move comes as the UK government has put in place a nation-wide lockdown to curb the spread of Covid-19. Some international students have since responded by returning to their home countries to continue their studies virtually.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now