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CENTURIA CAPITAL GROUP — Capital/Financing Update 2013
Dec 19, 2013
64677_rns_2013-12-19_1d0b3811-50c3-419f-8a58-13d726ac53e6.pdf
Capital/Financing Update
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20 December 2013
Centuria Capital Limited “CNI”
Australian Securities Exchange - Company Announcements Platform
Settlement of $99.6 million Australian Technology Park Fund
CNI subsidiary, Centuria Property Funds today announced that its purchase of a 50% interest in 8 Central Avenue, Australian Technology Park in Sydney has settled.
The 8 Central Avenue interest is the largest single acquisition in Centuria’s history. It is headquarters to the Seven Network and is located in the Australian Technology Park, a rapidly expanding precinct on the Sydney CBD fringe.
The property will be held in the 8 Central Avenue Fund, a single asset, closed end, unlisted property fund managed by Centuria Property Funds. The fund was awarded an AA+ rating by the independent researcher, Property Investment Research and the associated $64 million capital raising closed over-subscribed.
Offshore investors, in particular the real estate investment manager of major Nordic bank, SEB Investment GmbH, took a substantial stake in the Fund. SEB real estate assets under management as at June 2013 totalled approximately EUR 12.9 billion.
SEB were introduced through Centuria’s Singapore office and Centuria Group CEO, John McBain, commented “it is pleasing to see equity being sourced from a combination of offshore institutional investors as well as from Centuria’s traditional investor base. This is directly in line with our threelevel property funds management strategy being a combination of retail and wholesale investors and ultimately a complimentary listed vehicle.”
He added “the unlisted property unit under division CEO Jason Huljich has enjoyed a successful calendar year with over $250 million in property acquisitions, and raising over $160 million in equity.”
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For more information or to arrange an interview, please contact:
John McBain Chief Executive Officer Centuria Capital Phone: 02 8923 8923 / 0417 868 869 Email: [email protected]
Centuria Capital “CNI” is an ASX-listed diversified funds manager with over $2 billion in funds under management. We offer a diverse range of investment opportunities – from tax-effective investment bonds to unlisted property funds. Our drive, allied with our inside knowledge of the sector and intimate understanding of our clients, allows us to transform opportunities into rewarding investments.
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