Centuria Capital Group (ASX: CNI or Centuria) is pleased to announce:
Centuria subsidiary, Centuria Capital Funds No.2 Limited (CPF2L), have entered into an agreement to acquire 348 Edward Street in Brisbane for $89 million, which will generate a new fund for Centuria's unlisted division. The fund is expected to launch in October 2019 an forecast to deliver an FY20 distribution yield of 6.25% growing to 6.50% in FY21.
Entered into an agreement to acquire 100% interest in 348 Edward Street, Brisbane for $89 million
FY20 year to date property acquisitions grow to over $675 million
Platform expansion continues with AUM growth to $6.6 billion
For further information please download the attached PDF:
Download this document