Centuria completes settlement of four office assets

Company News

by Rachael Jones

Centuria Property Funds Limited (CPFL), as Responsible Entity of Centuria Metropolitan REIT (ASX:CMA), has completed settlement of interests in four high quality office assets from a subsidiary of Hines Global REIT, Inc.

Australia’s largest metropolitan REIT, CMA’s portfolio now consists of 231 assets with a portfolio value around $1.5 billion .

These assets improve the REIT’s WALE to 4.2 years, and increase occupancy to approximately 99 per cent.

Centuria Metropolitan REIT (ASX:CMA), closed 0.85 per cent higher to $2.37 yesterday

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.