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Centuria Urban REIT Announces Independent Board Committee to Recommend CMA/CUA Merger Proposal

As previously announced, Centuria Property Funds No. 2 Limited (CPF2L) as Responsible Entity of the Centuria Urban REIT (ASX:CUA) has entered into a scheme implementation agreement (SIA) with Centuria Property Funds Limited (CPFL) as Responsible Entity of the Centuria Metropolitan REIT (ASX:CMA).

The SIA relates to a proposed trust merger (Merger) involving the acquisition by CMA of all of the units in CUA that it does not already hold.

CMA has today announced that it intends to seek CMA unitholder approval for the acquisition by CMA under the Merger of units in CUA held by a subsidiary of Centuria Capital Group (ASX: CNI) (CNI Acquisition). CNI is the parent company of CPFL and CPF2L.

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