Allen & Gledhill LLP Advised On S$771.1 Million IPO Of Centurion Accommodation REIT
Allen & Gledhill LLP advised on S$771.1 million IPO of Centurion Accommodation REIT
The leading full-service South-east Asian law firm, Allen & Gledhill LLP (A&G) advised Centurion Asset Management Pte. Ltd., as manager of Centurion Accommodation REIT (CAREIT), on its S$771.1 million initial public offering, one of Singapore’s largest IPOs in 2025 and the second-biggest mainboard listing on the Singapore Exchange in 2025.
Centurion Accommodation REIT is Singapore’s first pure-play purpose-built living accommodation REIT and is sponsored by Centurion Corporation Limited, the largest purpose-built worker accommodation (PBWA) operator in Singapore. Centurion manages a S$2.6 billion portfolio across six countries, comprising 37 assets and over 70,000 beds.
The IPO saw strong participation from institutional and retail investors, including 16 cornerstone investors. It also marks the first time a REIT listed on the Singapore Exchange holds PBWA assets, which are highly regulated. The transaction required multiple regulatory approvals, particularly in light of new dormitory standards coming into force in Singapore.
The A&G team was led by Jerry Koh (Managing Partner), with Hoe Yue Teh (Partner), Kin San Ho (Partner) and Xiu Hui Lim (Partner) advising on the transaction.
Allen & Gledhill (A&G) is a premier full-service law firm headquartered in Singapore, recognized as one of the largest and most influential legal practices in Southeast Asia. Established in 1902, it has evolved from a colonial-era partnership into a regional powerhouse with a network known as A&G Asia, comprising over 650 lawyers.
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