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