Media ReleasesCenturia Urban REIT

View All Centuria Urban REIT News

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.

For further information please download PDF attached:
Download this document

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.