Overwhelming investor support: 99.9 per cent positive unitholder vote
Sydney, 14 June 2017: Centuria’s listed property division today announced it will merge its two listed property trusts, Centuria Metropolitan REIT (ASX:CMA) and Centuria Urban REIT (ASX:CUA).
Separate unit holder meetings conducted this morning saw unitholders for both funds vote to merge their respective REITs with over 99.9 per cent approval.
The merger is consistent with the Group’s strategy to expand CUA and CMA’s investor base and investment portfolio to create Australia’s leading listed metropolitan office REIT.
Nicholas Collishaw, CEO of Centuria’s Listed Property Funds, said “With a total portfolio valued in excess of $600 million and market capitalisation of approximately $430 million CMA presents as a strong candidate for inclusion into S&P ASX 300 index.”
For further information please download PDF attached:
Download this document