Advertisement
Singapore markets closed
  • Straits Times Index

    3,336.59
    +13.21 (+0.40%)
     
  • Nikkei

    38,487.90
    +433.77 (+1.14%)
     
  • Hang Seng

    18,079.61
    -150.58 (-0.83%)
     
  • FTSE 100

    8,275.38
    +44.33 (+0.54%)
     
  • Bitcoin USD

    67,586.09
    +925.05 (+1.39%)
     
  • CMC Crypto 200

    1,424.45
    -4.12 (-0.29%)
     
  • S&P 500

    5,277.51
    +42.03 (+0.80%)
     
  • Dow

    38,686.32
    +574.84 (+1.51%)
     
  • Nasdaq

    16,735.02
    -2.06 (-0.01%)
     
  • Gold

    2,347.70
    -18.80 (-0.79%)
     
  • Crude Oil

    77.18
    -0.73 (-0.94%)
     
  • 10-Yr Bond

    4.5140
    -0.0400 (-0.88%)
     
  • FTSE Bursa Malaysia

    1,596.68
    -7.58 (-0.47%)
     
  • Jakarta Composite Index

    6,970.74
    -63.41 (-0.90%)
     
  • PSE Index

    6,433.10
    +61.35 (+0.96%)
     

Centurion Corp's JV signs master lease for Hong Kong property

The property is within walking distance to the Hong Kong Polytechnic University and Hong Kong Metropolitan University.

Centurion Corporation, via a joint venture, has signed a master lease for a property that will be used for its foray into the Hong Kong student accomodation market.

The lease commenced on May 16 for a 5-year term and it comes with options to renew for 2 years and then two further extensions of another 1-year each.

The joint venture, Centurion-Lionrock, is leasing 15 floors of a building at Ma Tau Wai Road and will renovate it into a 89-bed student accommodation.

The property is within walking distance to the Hong Kong Polytechnic University and Hong Kong Metropolitan University.

ADVERTISEMENT

The property is expected to be operational in September.

Centurion shares closed at 54 cents on May 16, down 1.82% for the day but up 31.71% year to date.

 

See Also: