Centurion Accommodation REIT Secures Provisional Approval to Expand Westlite Ubi
I'm PortAI, I can summarize articles.
Centurion Accommodation REIT has received provisional approval to expand its Westlite Ubi accommodation asset by adding a new 6-storey block and modifying the existing 8-storey block, increasing bed capacity from 1,650 to 2,190. The project, costing approximately S$13.9 million, will be funded through debt facilities and is expected to start in Q2 2026, lasting about 1.5 years. The expansion is not anticipated to significantly impact the REIT’s net asset value or distribution for the financial year ending December 2026. The current analyst rating for the stock is a Buy with a target price of S$1.30.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Tip Ranks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments