Student Accommodation

Centurion is a leading provider of purpose-built student accommodation (“PBSA”) in Australia, the United Kingdom and Hong Kong SAR, China, owning and managing assets under the Dwell and EPIISOD brands. The Group owns and operates PBSA assets directly and manages PBSA assets on behalf of Centurion Accommodation REIT (“CAREIT”), Singapore’s first purpose-built living accommodation REIT listed on the Singapore Exchange.

Dwell Student Living is the Group’s established PBSA brand, offering quality, professionally managed student accommodation across the United Kingdom, Australia and Hong Kong SAR, China. EPIISOD, launched in 2025, is the Group’s premium PBSA brand, designed to deliver an elevated residential experience with wellness-oriented facilities, modern communal and social spaces, and a strong focus on community living. Together, the two brands allow Centurion to serve a broad range of student profiles across multiple markets and price points.

As at 31 March 2026, the Group owns and manages  c.4,525 beds across 15 operational PBSA assets in Australia, the United Kingdom and Hong Kong SAR, China.

United Kingdom

As at 31 March 2026, the Group owns and manages ten freehold or long leasehold PBSA assets in the United Kingdom with a total bed capacity of  c.2,782 beds, strategically located across five cities near leading Russell Group universities. Five of the assets are in Manchester, two in Nottingham, and one property each in Liverpool, Newcastle and Bristol. Eight of the ten assets are owned by CAREIT and managed by Centurion. Dwell Garth Heads in Newcastle is owned and operated directly by Centurion, while Dwell Castle Gate Haus in Nottingham is held under the Centurion Student Accommodation Fund, in which the Group holds a 14.29% stake.

Australia

As at 31 March 2026, the Group owns and manages three PBSA assets in Australia with a total bed capacity of c.1,629 beds. These comprise Dwell Village Melbourne City in Melbourne (c.597 beds), Dwell East End Adelaide in Adelaide (c.300 beds), and EPIISOD Macquarie Park in Sydney (c.732 beds), which became operational in January 2026 as the inaugural property under the Group’s premium EPIISOD brand. All three properties are strategically located in prime urban areas, in close proximity to city centres and leading universities. A redevelopment of the existing carpark at Dwell Village Melbourne City is also underway, which will add a further  c.644 beds upon completion in 2027.

China

The Group operates two PBSA assets in Hong Kong SAR, China, Dwell Prince Edward and Dwell Ho Man Tin, both located in Kowloon and operated under long-term master leases. Dwell Prince Edward is situated in the vibrant heart of Mong Kok, next to Prince Edward MTR station, providing convenient access to both City University of Hong Kong and Hong Kong Metropolitan University. Dwell Ho Man Tin is located just an 11-minute bus ride from Hong Kong Metropolitan University and within walking distance of essential amenities. Together the two properties offer c.114 beds and serve the growing demand from non-local students in Hong Kong SAR.