Centuria Metropolitan REIT buys A-grade offices in Sydney and Perth

Company News

by Rachael Jones

Centuria Property Funds, as Responsible Entity for the Centuria Metropolitan REIT (ASX:CMA), is pleased to announce the acquisition of interests in two A-grade office properties in fringe CBD locations across Sydney and Perth for a total purchase price of $380.5 million.

They also announced today an underwritten equity raising to raise approximately $273 million at an issue price of $2.86 per CMA security.

Centuria Metropolitan REIT (ASX:CMA) is currently in a trading halt – it last traded at $3.