- Centuria Capital Group “Centuria” to acquire the majority of 360 Capital Group’s real estate funds management platform including co-investment interests in listed funds for a total of $217m
- Transformational change with 63% increase in funds under management “FUM” from $2.2bn to $3.6bn
- Significant increase in recurring revenue (base management fees and co- investment distributions) forecast at 77% of total revenue
- Forecast FY17 underlying EPS yield 9.9%
- Forecast FY17 DPS yield 7.5%
- Centuria market capitalisation to increase from approximately $80m to $230 million (based on $1.00 per security issue price) providing greater liquidity for its security holders
- Greater Balance Sheet strength enables Centuria to co-invest at the fund level aligning Centuria with the interests of its investors
Centuria Capital Group (Centuria) is pleased to announce it has agreed to acquire the majority of 360 Capital Group’s (TGP) real estate management platform for $217 million.
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