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Singapore's Centurion Corporation swoops on second Pilbara property
A Singaporean real estate investment trust has splashed $28.5 million on a Port Hedland apartment block one week after entering the Pilbara with its first acquisition in Karratha.
Centurion Corporation on Monday confirmed it had purchased the 77-room Concorde South apartment building in South Hedland from Westbridge Funds Management.
The deal represents a tidy profit for Westbridge, which bought the property from Acier in 2021 for $12.5m.
Centurion Corporation chief executive Kong Chee Min said the company wanted to scale quickly into the WA accommodation market.
Journalist Justin Fris breaks down the strategies WA’s sporting organisations are using to stay ahead of the curve.


