Centuria Metropolitan REIT (ASX:CMA)
has acquired the NewActon Nishi Building commercial office property in Canberra for $256 million.
A fully underwritten institutional placement to raise $185 million at an issue price of $3.00 per CMA unit will partially fund the acquisition.
Centuria Metropolitan has also revalued 8 of its 22 properties, resulting in a gross increase of $30.8 million, or 3.4 per cent on prior valuations.
Shares in Centuria Metropolitan REIT (ASX:CMA)
last traded at $3.15.