Centuria buy two new properties for $54.4m

Company News

by Rachael Jones

Centuria Property Funds No. 2 as Responsible Entity of Centuria Industrial REIT (ASX:CIP), has acquired two new properties for a combined value of $54.4 million.

They have also announced an underwritten accelerated non-renounceable entitlement offer to raise approximately $51 million at an issue price of $2.77 per CIP unit to partially fund the acquisitions.

The two properties are a Bluescope Steel (ASX:BSL) leased building in Archerfield in Queensland and industrial unit estate in Hazelmere in WA.

Shares in Centuria Industrial REIT (ASX:CIP) last traded at $2.86.
 

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.