Centurion Expands Housing Portfolio in Hong Kong

Centurion Corporation Limited (SG:OU8) has released an update.

Centurion Corporation Limited, through its subsidiary, has secured a master lease to transform a Hong Kong property into a 550-bed worker accommodation facility, set to operate under its Westlite brand from October 2024. The lease, part of the company’s asset-light growth strategy, began on July 3, 2024, and will run until May 2030, with a renewal option for an additional five years. This expansion aligns with Centurion’s global accommodation business objectives and is not expected to materially impact its earnings for the year.

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