Centurion Asset Management Pte. Ltd., the manager of Centurion Accommodation REIT (CAREIT), has announced the completion of its acquisition of EPIISOD Macquarie Park, a newly developed 732-bed Purpose-Built Student Accommodation (PBSA) in Sydney, Australia. This acquisition, completed under a Forward Purchase Agreement, represents CAREIT’s first PBSA investment in Sydney following its initial public offering in September 2025.
The EPIISOD Macquarie Park, operated under the new premium EPIISOD brand, offers modern amenities such as a rooftop pool, wellness centre, and tech-enabled features. Strategically located in the Macquarie Innovation Precinct, it is close to Macquarie University and other key locations, offering seamless connectivity to Sydney’s central business district.
The acquisition, valued at A$345m (S$280.1m), was fully funded through committed debt facilities. This move not only strengthens CAREIT’s presence in Australia but also adds to its portfolio of 15 assets across Singapore, the UK, and Australia, with a total valuation of S$2.1b.
Tony Bin, CEO of the Manager, stated, “The acquisition of EPIISOD Macquarie Park marks a key milestone for CAREIT in building a high-quality and diversified accommodation portfolio.” The acquisition is expected to provide income stability through a master lease agreement with Centurion Properties Pte. Ltd., ensuring a secure investment for CAREIT’s stakeholders.
