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.

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.