Summary:
- Centurion Corp has acquired a central London site for £41 million in a joint venture with US firm Landmark Properties, holding 99% equity, to develop a purpose-built student accommodation (PBSA) with approximately 225 beds and refurbish adjacent office space.
- The PBSA will be located in London Zone 1 near major universities and hospitals, addressing a significant market gap where over 100,000 additional student beds are needed amid limited new supply and strong domestic and international demand.
- This acquisition marks Centurion’s entry into London, expanding its UK portfolio to six cities, and will feature its premium Epiisod brand, following the recent listing of Centurion Accommodation REIT and ongoing development of its first Epiisod PBSA in Sydney.
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