Centurion Accommodation REIT (CAREIT) Completes S\$280 Million Acquisition of EPIISOD Macquarie Park in Sydney

Key Highlights for Investors

• Strategic Entry into Sydney Market: CAREIT has completed its first acquisition in Sydney, Australia, adding a newly developed, premium 732-bed Purpose-Built Student Accommodation (PBSA) asset to its portfolio. This marks CAREIT’s expansion into a second Australian city and strengthens its position in the high-demand student accommodation sector.
• Premium Asset Features: The EPIISOD Macquarie Park asset is branded under Centurion’s new EPIISOD platform, designed to offer a modern, experience-driven living environment for students. The property includes:
  • Rooftop pool
  • Terrace lounge
  • Dining area with BBQ facilities
  • Wellness centre with commercial gym and yoga studio
  • Full-service café
  • Tech-enabled features like smart entry and resident mobile app

  These amenities set a new standard for student living in Sydney, supporting both wellbeing and community engagement.

• Prime Location: Situated in Macquarie Innovation Precinct, the property is within walking distance to Macquarie University, Macquarie Park Shopping Centre, and the Macquarie University Metro Station. It also offers easy access to Sydney’s CBD and other major universities, ensuring strong ongoing demand from students.
• Robust Demand-Supply Dynamics: Australia’s PBSA market is currently characterised by a tight imbalance between strong demand and limited supply, particularly in established education precincts. This favourable dynamic supports higher occupancy rates and stable rental income for well-located assets like EPIISOD Macquarie Park.
• Income Stability Through Master Lease: CAREIT has secured a master lease for the property with Centurion Properties Pte. Ltd. (CPPL) and the Sponsor, running until 31 December 2027. Key safeguards include a security deposit equivalent to two months’ rent, step-in rights, and a corporate guarantee from CPPL and the Sponsor. These measures offer significant income protection and mitigate operational risks.
• Fully Debt-Funded Acquisition with Healthy Balance Sheet: The A\$345.0 million (S\$280.1 million) acquisition was financed entirely through committed debt facilities. CAREIT maintains healthy debt headroom post-acquisition, enabling further asset enhancements and future acquisitions without excessive leverage.
• Portfolio Expansion and Valuation: With this acquisition, CAREIT’s portfolio grows to 15 assets (5 PBWA and 10 PBSA) across Singapore, the United Kingdom, and Australia, reaching a total valuation of approximately S\$2.1 billion. The new asset further diversifies the REIT’s exposure and strengthens its presence in the resilient living accommodation sector.
• Management Commentary: CEO Tony Bin emphasised that the acquisition is a “key milestone,” demonstrating CAREIT’s commitment to building a high-quality, diversified accommodation portfolio. The new property is expected to provide sustainable value to unitholders through both operational excellence and its strategic location.

Price-Sensitive Information for Shareholders

• Significant Asset Addition: The acquisition represents a major expansion and could positively impact CAREIT’s financial performance and portfolio valuation.
• Income Security: The master lease structure and corporate guarantee reduce risks associated with rental income volatility, making this acquisition particularly attractive for yield-focused investors.
• Debt Utilisation: The fully debt-funded nature of the deal demonstrates confidence in CAREIT’s financial capacity, but investors should monitor future gearing levels and interest rate exposures.
• Expansion into New Market: Entry into Sydney, a top-tier student city, may enhance CAREIT’s reputation and attract further institutional interest, potentially moving the REIT’s unit price.
• Potential for Future Growth: Healthy debt headroom positions CAREIT well for further acquisitions and value-enhancing initiatives, which could drive future NAV and DPU growth.

Detailed Asset and Portfolio Information

The newly acquired EPIISOD Macquarie Park is a contemporary, design-led PBSA asset with 732 beds, tailored to the evolving needs of international and domestic students. Its location in Macquarie Innovation Precinct ensures access to leading educational institutions and employment hubs, supporting sustained occupancy and rental growth.

The asset’s blend of high-end amenities and technology integration creates a differentiated student living experience, potentially commanding premium rents and higher occupancy rates. Combined with the robust master lease, these factors are likely to enhance CAREIT’s income stability and overall portfolio quality.

Following the acquisition, CAREIT’s enlarged portfolio stands at 15 assets across three countries, with a total valuation of S\$2.1 billion. This positions CAREIT as a leading player in the global living accommodation REIT sector, offering investors exposure to resilient asset classes and attractive markets.

Investor Contacts

For further enquiries, investors may contact Chen Xin Yu, Investor Relations Manager at [email protected]. Media queries can be directed to Kamal Samuel / Louise Lim at [email protected].

Disclaimer

This article is provided for informational purposes only and does not constitute investment advice or a solicitation to buy or sell any securities. Investors should seek independent professional advice before making any investment decisions. Past performance is not indicative of future results. The information herein is based on public disclosures as of January 2026 and may be subject to change.

View Centurion Historical chart here