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Centurion (SGX:OU8) has expanded its Australian PBSA portfolio through a second development project in Perth. The Group has invested in a 182-bed PBSA asset in Crawley, strategically located adjacent to the University of Western Australia, with completion expected in 2Q 2027. Upon completion, the property will be managed by Centurion under its EPIISOD student accommodation brand.
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The investment was undertaken through Centurion Overseas Investments (II) Pte. Ltd., an indirect wholly-owned subsidiary of the Company, which subscribed for 250,000 ordinary shares representing a 25% equity stake in Fairway Development (Aus) Pty Ltd for a cash consideration of AUD250,000 (~ S$225,475), funded through internal resources, while the remaining 75% is held by Centurion Properties Australia Investments Pty Ltd, a wholly-owned subsidiary of Centurion’s controlling shareholder.
Our views.
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While the 25% stake implies limited near-term financial impact, the prime location adjacent to the University of Western Australia and the fully integrated student living environment enhance its longer-term portfolio quality and brand positioning.
More strategic than earnings-accretive.
- Read more at SGinvestors.io.
Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.
Jia Hui NG DBS Group Research | https://www.dbs.com/insightsdirect/ 2026-06-18
Previous report by DBS:
2026-06-10 Centurion - Pioneer and Leader In Global Living Sector; Bed Growth Drives Visibility.
Price targets by 5 other brokers at Centurion Target Prices.
Listing of research reports at Centurion Analyst Reports.
Relevant links:
Centurion Share Price History,
Centurion Announcements,
Centurion Dividend Payout Dates & Corporate Actions,
Centurion News
