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Centuria Announces New Wholesale Partner Lederer Group in St Leonards Acquisition

201 Pacific Highway, St Leonards consolidates footprint in high-performing market

Centuria Capital Group (CNI) today announced that the Lederer Group will partner with Centuria Metropolitan REIT (CMA) and acquire the remaining 50% interest in 201 Pacific Highway, St Leonards in Sydney, NSW.

CMA acquired its 50% interest in the $172 million property in December 2017.

The Lederer Group was founded by Paul Lederer and comprises of a conglomerate of entities including property, manufacturers, financial investments and community based developments.

The transaction is scheduled to settle by 10 May 2018.

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