Centurion Corporation Limited has announced its acquisition of a land site in central London, marking its entry into the city with plans to develop a 225-bed Purpose-Built Student Accommodation (PBSA). The site, located at William Road, Euston, is strategically positioned near University College London’s Bloomsbury campus, making it an attractive option for students.
The acquisition, valued at $50m (£41m), was executed through Centurion’s wholly-owned subsidiary, Centurion Overseas Investments Pte. Ltd., in partnership with US-based Landmark Properties. Centurion holds a 99% equity interest in the joint venture, with Landmark holding the remaining 1%.
The development, branded under Centurion’s EPIISOD label, will feature a mix of studio units and en suite cluster accommodation, along with communal amenities. Additionally, part of the site will be refurbished to provide affordable office space.
This move expands Centurion’s UK portfolio to six cities, reinforcing its presence in key student markets. The acquisition follows the recent listing of Centurion Accommodation REIT on the Singapore Exchange, showcasing the company’s strategic capital deployment.
Kong Chee Min, CEO of Centurion Corporation, stated, “We are excited to extend our EPIISOD brand into London, a city with resilient student demand.” He emphasised the company’s commitment to reinvesting proceeds from the CAREIT spin-off into strategic opportunities that enhance portfolio quality and income visibility.
With London’s student housing demand outpacing supply, Centurion’s new development is poised to meet the needs of both domestic and international students, further solidifying its position in the global student accommodation market.
