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Company News Summary

Centuria Metropolitan Reit Provides Investor Presentation

18 Sep 2019  |  10:35:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Investor Presentation

Centuria Metropolitan Reit provided investor presentation. Centuria Property Funds (CPFL), as Responsible Entity of the Company (CMA), has entered into agreements to acquire interests in two A-grade office properties in fringe CBD locations in Sydney and Perth (the Acquisitions) for a total purchase price of $380.5m (excluding costs). It is undertaking an underwritten $273m equity raising at an issue price of $2.86 per security (the Equity Raising), comprising 1 for 10 accelerated non-renounceable entitlement offer to raise $102m (Entitlement Offer).

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