Centurion REIT secures temporary permit for Westlite Toh Guan

Operations will begin once the FEDA licence is approved.

Centurion Asset Management Pte. Ltd., manager of Centurion Accommodation REIT (CAREIT), said it has obtained the temporary occupation permit for the new accommodation block at Westlite Toh Guan.

The additional block, which provides 1,764 beds, was completed following construction that began in December 2023. Centurion said it will begin operations once the Foreign Employee Dormitories Act (FEDA) licence is approved.

DBS Bank Ltd. and UBS AG, Singapore Branch are the joint issue managers, global coordinators, joint bookrunners, and underwriters of Centurion Accommodation REIT’s initial public offering.

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