Centurion Acquires 25% Stake in Perth, Australia Student Housing Project
Centurion (SGX:OU8) acquired a 25% stake in its second student accommodation development in Perth, Australia, for a cash consideration of AU$250,000, according to a Wednesday filing with the Singapore Exchange.The acquisition comes following a similar acquisition of a 472-bed development in the same city in December 2025.The investment was carried out through its subsidiary, Centurion Overseas Investments, which subscribed for shares in the Fairway development. The remaining 75% is held by a subsidiary of the company's controlling shareholder.The development is expected to be completed by the second quarter of 2027, and will be managed under the company's EPIISOD brand.