Centuria launches retail entitlement offer

Company News

by Anna Napoli

Centuria Industrial REIT (ASX:CIP) has launched its retail entitlement offer which is expected to raise around $21 million.

It follows the successful completion of the property trust's institutional Offer which raised $30 million.

Total equity from the raisings is expected to be about $51 million.

Eligible retail shareholders can participate in the offer at a price of $2.77 per unit and offer ratio of 1 for 13.5.

Shares in Centuria Industrial REIT (ASX:CIP) Shares closed 0.35 per cent higher to $2.86 yesterday



  

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.