student accommodation

Centurion raises $70 mil at first closing of global student accommodation fund

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.

Property

Centurion acquires student dorm in Nottingham, UK for $18.3 mil

SINGAPORE (Sept 17): Centurion Corporation is acquiring a student accommodation asset located at Castle Gate in Nottingham, United Kingdom of £10.2 million ($18.25 million).

Broker's Calls

FY18 likely to remain muted for Centurion Corp despite expansion plans, says RHB

SINGAPORE (Aug 10): RHB Research is maintaining “neutral” on Centurion Corp with a target price of 47 cents on expectations of a 3.4% FY18F dividend yield.

M&A

Wee Hur acquires residential block in Sydney for $52.6 mil to redevelop into student dorm

SINGAPORE (June 4): Wee Hur Holdings announced that its 68.97%-owned Wee Hur PBSA Master Trust, through its wholly owned sub-trust, WH Gibbons Trust, is acquiring a freehold residential block at 13

Property

Mapletree acquires portfolio of US & Canada assets worth $2.2 bil

SINGAPORE (June 2): Mapletree Investments, the Temasek-backed property development, investment and capital management company, acquired a portfolio of assets from Kayne Anderson Real Estate Advisor

Results

Centurion posts 15% growth in 1Q earnings to $10.7 mil on higher revenue

SINGAPORE (May 9): Centurion Corporation reported earnings of $10.7 million for the 1Q ended March, 15% up from the $9.4 million of earnings posted a year ago on higher revenue.

In print this week

A study of Centurion’s business expansion

SINGAPORE (April 28): As GIC and Temasek Holdings make headlines for increasing their investments in international student accommodation, one local company has been steadily assembling its own stud

Wee Hur planning to develop Adelaide student dorm

SINGAPORE (March 28): Wee Hur Holdings is planning to acquire a freehold land with an existing office warehouse building in Adelaide, Australia, for $6.4 million.

Broker's Calls

3 reasons you should buy Centurion Corp

SINGAPORE (Nov 24): PhillipCapital has started coverage for Centurion Corporation with a “buy” recommendation and a target price of 42 cents.

Results

Centurion’s 3Q earnings up 6% to $7.8 mil on dorm business

SINGAPORE (Nov 15): Centurion Corporation reported a 6% rise in 3Q16 earnings to $7.8 million on the back of workers and student accommodation business.

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