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CENTURIA CAPITAL GROUP — Capital/Financing Update 2012
Nov 6, 2012
64677_rns_2012-11-06_6723f89f-595a-4773-a127-72f720bbdaeb.pdf
Capital/Financing Update
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7 November 2012
Australian Securities Exchange
Company Announcements Platform
Centuria Capital
Centuria 19 Corporate Drive Fund
Sydney, 2012: Centuria Property funds, a wholly owned subsidiary of the ASX listed Centuria Capital Limited (CNI), confirms that the Centuria 19 Corporate Drive Fund “C19CDF” has entered into an unconditional contract to acquire 19 Corporate Drive, Cannon Hill, Brisbane for $23.3 million.
C19CDF is forecast to return 9.75% per annum in its first year and Centuria Property was in the final stages of capital raising for the fund. This will bring property funds under administration to $1.1 billion.
Centuria Capital CEO, John McBain, commented that the offer has been well supported by investors and settlement of the property acquisition was anticipated by 30 November 2012 and it was pleasing that Centuria Property Funds has been awarded Unlisted Fund of the Year – 2012 at the 18th Annual Property Funds Industry Forum for C19CDF.
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For more information or to arrange an interview, please contact:
Matthew Coy Alicia Eu Company Secretary/Chief Financial Officer Account Assistant Centuria Capital BlueChip Communication Phone: 02 8923 8923 / 0412 557 224 Phone: 02 9018 8603/ 0412 552 004 Email: [email protected] Email: [email protected]
About Us
Centuria Property Funds has over $1 billion of property under management in 29 unlisted property funds. In addition, Centuria has completed 19 property funds with a combined value of $341 million. Centuria Property Funds is a wholly-owned subsidiary of Centuria Capital Limited, an ASX-listed diversified funds manager with $2 billion in funds under management. ASX Stock Code CNI.www.centuria.com.au
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