- Centurion announced on 14 July that its spin-off REIT, Centurion Accommodation REIT, will include 14 assets: 5 Singapore purpose-built worker accommodation (PBWA), 8 UK purpose-built student accommodation (PBSA), and 1 Australia PBSA. Centurion will receive S$1,184mil as proceeds, where S$497mil is in cash while S$687mil is in Sponsor Units.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
Key highlights:
Listing of REIT unlocks value of real estate, deleverages Centurion and lets shareholders invest in both the REIT and the group.
- Read more at SGinvestors.io.