Summary:

• Centurion Accommodation REIT has completed the A$345.0 million (S$280.1 million) acquisition of the newly developed 732-bed EPIISOD Macquarie Park purpose-built student accommodation (PBSA) asset in Sydney, marking its first PBSA investment in the city and second in Australia​

• The asset, fully financed via committed debt facilities, is operated under Centurion’s premium EPIISOD brand, featuring tech-enabled smart entry, a resident app, rooftop pool, wellness centre, commercial gym, yoga studio and full-service café to deliver a design-led, experience-driven student living offering​

• Located in the Macquarie Innovation Precinct near Macquarie University, major retail, metro links and employment hubs, the property is positioned to benefit from tight Australian PBSA demand-supply dynamics and strong long-term student inflows​

• A master lease with sponsor entity Centurion Properties and a corporate guarantee runs until 31 December 2027, providing income visibility and downside protection via step-in rights and a two-month rent security deposit​

• Post-acquisition, CAREIT’s enlarged portfolio rises to 15 assets (5 worker accommodation, 10 PBSA) across Singapore, the UK and Australia, with aggregate valuation lifted to about S$2.1 billion while maintaining “healthy debt headroom” for further acquisitions and asset enhancements​