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Centuria Capital Group Announce Brisbane acquisition lifts Group AUM to $6.6 billion

Centuria Capital Group (ASX: CNI or Centuria) is pleased to announce:

  • 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
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.

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