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Centuria Metro fund snaps up $119 million of new assets

People & Companies / Latest News

Australia

Dec 05 2017

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Carolyn Cummins, The Sydney Morning Herald

Centuria Metropolitan REIT has expanded its footprint with the purchase of two new office assets for a combined $119.1 million, and will raise $60 million through an entitlement offer to provide some of the funding.

Under the deal it has bought a 50 per cent interest in 201 Pacific Highway, St Leonards, on Sydney's lower north shore, for $86 million, with the remaining 50 per cent acquired by Centuria Property Funds Limited.

Go to The Sydney Morning Herald and read the full story.

SOURCE: The Sydney Morning Herald

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