Centurion expands footprint in Malaysia with Penang acquisition

It’s a 5,000-bed workers dormitory.

Centurion Corporation continues its expansion in Malaysia with its first acquisition outside of Johor.

The Group has acquired a piece of land located at Seberang Perai Selatan in Penang, Malaysia for SGD2.45m.

In a media release, Centurion reveals that the plot of land is strategically located at the fringe of Bukit Minyak Industrial Park, which houses notable multinational companies like Flextronics Technology and JCY HDD Technology. The proposed acquisition is subject to receipt of consent from the State of Penang, and is expected to be completed in 4Q14. Post seeking approval to convert the land from its current agricultural purpose to workers accommodation development, Centurion intends to build a 5,000 bed workers dormitory managed under the Westlite brand. Construction period is expected to take about 2 years