The group had previously mentioned that it would be carrying out a strategic review of its specialised accommodation portfolio to explore opportunities for enhancing value for its shareholders on Feb 24, in relation to its FY2021 results ended Dec 31, 2021.
Centurion adds that it is continuing its strategic review of its specialised accommodation portfolio outside the US.
CBRE was appointed as real estate consultant, while Credit Suisse (Singapore) Limited was appointed as financial advisor.
Shares in Centurion closed 0.5 cent higher or 1.35% up at 37.5 cents on April 22.
