Centurion Asset Management has announced the launch of an initial public offering (IPO) for Centurion Accommodation REIT, aiming to raise over S$771.1m. The REIT, which focuses on purpose-built worker and student accommodation, will be listed on the Singapore Exchange on 25 September 2025. The offering price is set at S$0.88 per unit, with projected distribution yields of 7.47% for 2026 and 8.11% for 2027.
The REIT’s portfolio includes 14 properties across Singapore, the UK, and Australia, valued at approximately S$1.8b. This will expand to 15 properties worth S$2.12b following the acquisition of a Sydney asset. The offering has attracted cornerstone commitments totalling S$540.4m from global and regional investors, reflecting confidence in the REIT’s diversified assets and growth potential.
The public offer opens on 18 September and closes on 23 September. The REIT’s listing is expected to provide investors with exposure to high-quality accommodation assets and long-term value growth.
