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Centurion raises $70 mil at first closing of global student accommodation fund

Samantha Chiew Published on Mon, Dec 10, 2018 / 12:38 PM GMT+8

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SINGAPORE (Dec 10): Centurion Corporation's second student accommodation fund, the Centurion Student Accommodation Fund, achieved an aggregate committed capital of $70 million at its first closing.

The committed capital of $70 million comprises a committed capital of $10 million by Centurion Overseas Investment, a wholly-owned subsidiary of Centurion, as well as a committed capital of $60 million by a third-party cornerstone investor, which is a “reputable educational institution”.

The fund aims to generate stable and recurring income, delivering a total return by investing in purpose-built student accommodation assets globally (excluding the United States).