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Company News Summary

Centuria Metropolitan Reit Announces Acquisitions and Equity Raising

18 Sep 2019  |  10:41:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Acquisitions and Equity Raising

Centuria Metropolitan Reit noted that Centuria Property Funds (CPFL), as Responsible Entity for the Company (CMA), is to announce the acquisition of interests in two A-grade office properties in fringe CBD locations across Sydney and Perth (Acquisitions) for a total purchase price of $380.5m and an underwritten equity raising to raise $273m (Equity Raising) at an issue price of $2.86 per Company security (Issue Price). Its securityholder, has committed to take up $37.5m under the Equity Raising, comprising $30.0m under the Conditional Placement and $7.5m in the Entitlement Offer.

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