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CENTURIA CAPITAL GROUP — Capital/Financing Update 2012
Dec 20, 2012
64677_rns_2012-12-20_6dc7982a-1c5e-4845-841d-ef5aa34cfe86.pdf
Capital/Financing Update
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21 December 2012
Australian Securities Exchange
Company Announcements Platform
Centuria Capital Limited – Market Update
Property Fund Acquisition
Settlement of Canon Hill, Queensland investment property for $23.3 million.
Centuria Property Funds (“CPF”), a wholly owned subsidiary of ASX listed Centuria Capital Limited (“CNI”), confirms the settlement of contracts by Centuria 19 Corporate Drive Fund (“C19CDF”) to acquire 19 Corporate Drive, Cannon Hill, Brisbane for $23.3 million. The offer closed oversubscribed.
Property Fund Disposals
CPF confirms the sale of 601 Bourke Street Melbourne for $29.1 million on behalf of the Centuria 601 Bourke Street Trust. The property was acquired by the trust in 2002 for $23.95 million and in addition to regular income distributions throughout the life of the trust, investors will receive a capital surplus upon fund termination.
In addition, CPF reports settlement of the sale of the Warnervale asset held by the CSC Coniston Joint Venture for $4.25 million.
Further Property Fund Acquisitions
CPF currently controls property assets totalling A$1.1 billion and CPF is in due diligence for a further $56 million of Sydney acquisitions for the first of a number of new 2013 investment vehicles.
CPF – CEO, Jason Huljich, said that CPF is currently negotiating further acquisitions in the $50- $100 million range and Centuria believed its targeted acquisition strategy would continue to be well supported by its investor base in Australia, New Zealand and offshore via Centuria’s Singapore office.
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For more information or to arrange an interview, please contact:
Alicia Eu John McBain Account Assistant Chief Executive Officer Centuria Capital BlueChip Communication Phone: 02 8923 8923 / 0417 868 869 Phone: 02 9018 8603/ 0412 552 004 Email: [email protected] Email: [email protected]
About Us
Centuria Capital “CNI” is an ASX-listed diversified funds manager with $2 billion in funds under management. We offer a diverse range of investment opportunities – from tax-effective investment bonds to unlisted property funds.
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