Shareholders of Centurion Corporation have voted overwhelmingly in favour for the planned listing of Centurion Accommodation REIT at its EGM held on Sept 10.
Nearly 100% of the votes cast by shareholders were in approval of the listing, accounting for 420.7 million shares. Only 7,200 shares voted against.
The company announced on June 10 that it submitted a listing application to the SGX and MAS. It said on July 14 that its spin-off REIT will be named Centurion Accommodation REIT.
The new REIT’s portfolio will include 14 assets comprising five purpose-built worker accommodation (PBWA) assets in Singapore, eight purpose-built student accommodation (PBSA) assets in the UK and one PBSA asset in Australia.
The REIT's acquisition of Epiisod Macquarie Park, located in Sydney, will only take place after the REIT's listing date. Epiisod Macquarie Park will be move-in ready in February 2026.
Shares in Centurion closed 2 cents lower or 1.124% down at $1.76 on Sept 10.
