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Company News Summary

Centuria Industrial REIT Acquires 616 Boundary Road and Divests 7.7% Holding in Propertylink Group

10 Aug 2018  |  09:11:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Transactions update

Centuria Industrial REIT announced the acquisition of 616 Boundary Road, Richlands, Qld for $15.9m. The property will generate an initial yield of 8.2%. The Company also commenced due diligence for the off-market acquisition of a substantial industrial property in WA. The Company has divested its entire 7.7% holding in Propertylink Group at a price of $1.01 per stapled security realising $46.3m.

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