Centurion forms 50:50 JV with controlling shareholder for HKD 364 million Hong Kong building acquisition
Bitget2026/09/25 09:35- Centurion entered a 50:50 joint venture with Centurion Properties to buy Yan Woo Building in North Point, Hong Kong.
- Deal consideration set at HKD 364 million, equivalent to SGD 59.4 million, under a sale and purchase agreement.
- Commercial floors include nine units expected to generate rental income on completion of the acquisition.
- Planned progressive renovations across 42 apartments to reposition the asset as rental accommodation.
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