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.