Centurion REIT plans to launch IPO later this month: IFR

Centurion REIT plans to launch IPO later this month: IFR

Centurion Holdings, a leading rental accommodation specialist in Singapore, has announced its intention to launch an initial public offering (IPO) for its Centurion REIT later this month. The company, which specializes in student housing, has been preparing for the IPO for some time and is now ready to offer its REIT to the public.

The Centurion REIT is expected to be valued at approximately SGD 1.4 billion, according to market analysts. The REIT will be seeded with 14 properties, including the acquisition of a dormitory operator in Johor, Malaysia, and a former police headquarters in Perth, Australia. These acquisitions are part of Centurion's strategy to expand its portfolio and enter new markets.

The IPO is expected to be led by UOB, one of Singapore's largest banks. The REIT's market capitalization is targeted at SGD 1 billion, with the sponsors aiming to list the REIT within this year. The launch of the Centurion REIT comes at a time when the Singapore REIT market is showing signs of recovery, with interest rates falling and demand for industrial assets on the rise.

The proposed listing of Centurion REIT follows similar moves by other companies in the industry. Macquarie-backed UIB has also filed to list a REIT on the Singapore Stock Exchange, and JD Property is teaming up with Partners Group and Rava Partners to launch a separate industrial REIT. These developments suggest that the Singapore REIT market is experiencing a resurgence after a period of slowdown.

Centurion Holdings has not provided further details on the proposed trust, but the company has cautioned that the listing is subject to market conditions, regulatory approvals, and other potential hurdles. Despite these uncertainties, the company remains optimistic about the prospects for the REIT.

In conclusion, the planned IPO of Centurion REIT is a significant development in the Singapore real estate market. The REIT's potential market capitalization and the company's expansion plans make it an attractive proposition for investors. As the Singapore REIT market continues to recover, the success of the Centurion REIT IPO could set the tone for future listings.

References:

[1] https://www.mingtiandi.com/real-estate/finance/macquarie-backed-unified-industrial-jv-proposes-singapore-reit/
[2] https://www.mingtiandi.com/real-estate/crelist/roundup-mufg-plans-680m-japan-real-estate-fund/