CENTURION

CENTURION: Currently exploring the spinning off of a Reit and injecting some of its worker accommodation assets into the Reit. The listing will help in unlocking value for shareholders as well as free up capital for strategic acquisition opportunities, while expanding its role from developing greenfield projects to managing assets. As a guide, Centurion expects to increase its overall portfolio from 40,362 beds at present to over 55,200 by the end of this year. The group has also been diversifying into the students accommodation overseas to reduce its reliance on the workers dormitory.