I followed Centurion many years ago when it was just a worker dormitory player in the market. In recent years, the company has also ventured into the student accommodation business which looks like a lucrative place to be in. 

To be honest, I’ve not been tracking Centurion for some time, but I received several enquiries by readers about the company. Hence, I decided to update myself on their latest developments and attended their annual general meeting to find out more.

Here are five things I learned from the 2019 Centurion Corporation AGM:

1. Centurion’s business model is to be a property investor, developer, and operator all at the same time. When the company invests in a property, they evaluate how they can enhance the property and increase the potential value of the site. For instance, in 2017, Centurion invested A$30 million to build a new wing at RMIT Village,