Friday, December 13, 2013
Centurion: Entered into its first worker accomodation investment in Indonesia with a $0.8m acquisition of a 7,220 sqm plot of land in Jakarta. The land located in Bekasi district will house a facility comprising approximately 750 units and will target and house workers as well as middle-level executives working in nearby industrial parks. Centurion's wholly owned subsidiary, PT Westlite Accomodation Cibitung, will develop, own and operate the facility, which is expected to be completed in 2016. Centurion continues to actively look for opportunities to further grow its accommodation business, not only in worker accommodation but also in other viable accommodation segments. Group is currently in the process of acquiring a student accommodation asset, RMIT Village in Melbourne, Australia.