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Many Singapore inc companies have gone into PBSA in the UK - if the target audience is international students then you can hardly go wrong with assets near universities within the Russell Group, equivalent to the Ivy League in the US.
Alignment ( Date: 16-Oct-2025 21:39) Posted:
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It' s quite a good location to have PBSA.
But not sure the UK student population numbers will be doing so well in the coming years with the increasing immigration controls and general anti foreigner sentiment there.
But not sure the UK student population numbers will be doing so well in the coming years with the increasing immigration controls and general anti foreigner sentiment there.
Centurion Corp acquires London site for £ 41 million to develop student housing
Acquisition marks Centurion&rsquo s entry into London, the sixth city within its UK portfolio
[SINGAPORE] Mainboard-listed Centurion Corp has acquired a land site in central London for £ 41 million (S$71 million) to develop a purpose-built student accommodation (PBSA).
The acquisition was a joint venture with United States-based real estate firm Landmark Properties, Centurion said in a press release on Tuesday (Oct 14). Centurion holds 99 per cent equity interest in the joint venture.
The London property consists of Euston One at 35-37 William Road and Euston Two at 17-33 William Road.
Euston One will be redeveloped into the PBSA which will offer approximately 225 beds. The building will have a basement, ground floor and 14 upper levels, and will contain a mixture of studio units and en suite cluster accommodations.
Euston Two will be refurbished to provide approximately 1,090 square metres of office space.
&ldquo The London property is ideally positioned for a PBSA, offering strong appeal to students due to its central London Zone 1 location and excellent transport connectivity,&rdquo Centurion said.
The proposed PBSA will be within a 10 minute walking distance from notable universities such as Birkbeck College and the School of Oriental and African Studies, as well as University College London Hospital.
The acquisition marks Centurion&rsquo s entry into London, the sixth city in its UK portfolio, and follows its successful listing of Centurion Accommodation Real Estate Investment Trust in September.
The group noted the &ldquo persistent demand-supply imbalance&rdquo in the UK PBSA market. It elaborated that there is &ldquo limited new supply coming through in the near term despite resilient domestic and international student demand&rdquo .
&ldquo London would require over 100,000 additional student beds to meet existing demand, with a student-to-bed ratio of 2.9 after accounting for short-term pipeline,&rdquo it noted.
&ldquo Against this backdrop, the group expects sustained demand for quality, professionally managed PBSA,&rdquo it added.
The London property is also earmarked to be Centurion&rsquo s first Epiisod-branded PBSA in the UK, and its second worldwide.
Epiisod is the premium brand for Centurion&rsquo s PBSA properties, with the first PBSA being constructed in Sydney slated to commence operations in Q1 2026.
Busy running his business as usual.
First property in London... in Euston next to all the universities.
https://links.sgx.com/FileOpen/CCL-Press%20Release-PBSA%20London-20251014.ashx?App=Announcement& FileID=863990
First property in London... in Euston next to all the universities.
https://links.sgx.com/FileOpen/CCL-Press%20Release-PBSA%20London-20251014.ashx?App=Announcement& FileID=863990
breaking down to recent low ...SSH not buying anymore?? previous buying for show only
LoudShout ( Date: 06-Oct-2025 14:44) Posted:
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Stock always rebound nicely following insiders buy-in previously. Good signal following the joint chairman recently buy-ins?
MAS money is coming guys. Look at Soilbuild the last two days.
Reits at 1.04 mean the projected yield has dropped to around 6 % ...there are so many better reits around
LoudShout ( Date: 06-Oct-2025 14:44) Posted:
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Have to be grateful that he came in to support. Others who got more sponsor shares then him, no sound, keeping quiet and happily observing rise in Reit share price....
cfdking ( Date: 06-Oct-2025 12:19) Posted:
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he buy so little just for show only..to him is like ka chang putech
LoudShout ( Date: 06-Oct-2025 11:19) Posted:
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Wait for 1.45 when the SSH comes in to buy his 100 lots. The others who sponsored the Reit, not buying?
lifeisgood ( Date: 04-Oct-2025 09:37) Posted:
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If can buy cheaper than ah Han, of course good lah!
heydarren ( Date: 03-Oct-2025 14:34) Posted:
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For those who are keen to accumulate, think 1.45 is the floor support now.
Not much selling... not much buying volume either....stock is entering stablisation until the next corporate news.
Centurion is debt free, cash free at the moment.
Please patient (I also want!)
Not much selling... not much buying volume either....stock is entering stablisation until the next corporate news.
Centurion is debt free, cash free at the moment.
Please patient (I also want!)
Anonymous internet guy tries to lower confidence in people who built a 1.3bn business out of a dvd company, who are worth hundreds of millions of dollars and seem to enjoy making money.
LoudShout ( Date: 02-Oct-2025 08:27) Posted:
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Have to be grateful, he came in to buy and prevented the share price from careening below 1.40 on that day. At least he restored some confidence.
Of course, the amount is a small portion of the sponsor share in CAREIT.
Of course, the amount is a small portion of the sponsor share in CAREIT.
ysh2006 ( Date: 01-Oct-2025 19:25) Posted:
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Why CEO can buy so cheap in the morning ? Who sell to him ?
30 Sept | Chairman Han bought another 100,000 shares via market transaction at $1.467 each.
https://links.sgx.com/1.0.0/corporate-announcements/XG59FJBAKJIVODHV/c9411cab15dc74013f30d97ab9e98762521caae4bba749ff5f0f67886096a4e3
https://links.sgx.com/1.0.0/corporate-announcements/XG59FJBAKJIVODHV/c9411cab15dc74013f30d97ab9e98762521caae4bba749ff5f0f67886096a4e3
-unlike other spinoffs, no cash dividend or dividend in specie from the spin off. The spluttering share price reflects that it is a raw deal for the mother shareholders(the minority)
Centurion Corporation will receive S$1,184 million in total proceeds from the spin-off of the Centurion Accommodation REIT, with S$497 million of that amount in cash and the remaining S$687 million in sponsor units. This cash will be a part of Centurion Corporation' s earnings, as they also hold a 45% interest in the newly formed REIT after the spin-of
Centurion' s gearing will be greatly reduced post spin off of the reit.
Centurion' s gearing will be greatly reduced post spin off of the reit.
LoudShout ( Date: 01-Oct-2025 16:36) Posted:
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It is already spluttering post the listing of the Reit. A one-sided benefit to the Reit, and leaving the mother share spluttering.