Dorm operator Centurion Corp makes first acquisitions in Britain
Published on Jul 16, 2014 4:40 PM
SINGAPORE - Listed dormitory operator Centurion Corporation announced on Wednesday its maiden foray into Britain, with the proposed acquisition of three student accommodation assets in Manchester and another in Liverpool.
The £77 million (S$164.5 million) investment will be Centurion's largest acquisition to date.
The dormitories, which have a total of 1,906 beds, are in the established education precincts of the two cities, the company said.
The Manchester properties are Manchester Student Village, Manchester Student Village South and The Grafton in Manchester, all near the University of Manchester and Manchester Metropolitan University.
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