Centurion - UOB Kay Hian 2026-05-12: Plants Its Flag In The World's Most Resource-dense Zip Code

• Centurion (SGX:OU8) paid A$74m for 446 beds in Karratha and South Hedland which are operational and have zero development risk.

Uppingits exposure Down Under.

• - Read this at SGinvestors.io -
• A$29m for 125 beds for a six-storey PBWA in South Hedland.

Both towns in the Pilbara region’s main population centres have around 60,000 people and an additional estimated 25,000 to be in the region for work at any given time.

We view the acquisitions as strategic given that they are operational, income-generating assets at appraised value with zero development risk.

An ocean of opportunity.

• - Read this at SGinvestors.io -
• In a structurally captive accommodation market like Singapore, the Pilbara represents a compelling proposition due to its lack of PBWA infrastructure.

Riding on the coattails of the Pilbara.

• Read more at SGinvestors.io.

Adrian LOH UOB Kay Hian Research | https://research.uobkayhian.com/ 2026-05-12

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