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CENTURIA CAPITAL GROUP — Capital/Financing Update 2013
Jul 31, 2013
64677_rns_2013-07-31_8b2de5e8-373a-40ae-a70f-cd0939e3ab8c.pdf
Capital/Financing Update
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1 August 2013
Australian Securities Exchange
Company Announcements Platform
Centuria Capital Limited – Market Update
Centuria Property Funds Limited
Centuria Property Funds Limited, a wholly owned subsidiary of Centuria Capital Limited, has today lodged a Product Disclosure Statement (“PDS”) with ASIC for its proposed initial public offering of Centuria Property Trust.
The offer proposes an equity raising of $215.3 million and the seed asset of the trust is Northpoint Tower, a $312 million landmark office/retail property located in North Sydney.
The new listed trust will be managed by REIT specialist Nicholas Collishaw who recently joined the Group as CEO – Listed Property Funds
Group CEO, John McBain noted that “investor interest in the proposed commercial asset trust has been well received by both retail and institutional investors, with a key attraction being the initial forecast yield. Additionally, the level of inbound inquiry from Asian investors has surprised us on the positive side”.
“Centuria intends to continue to grow its existing $1.1 billion unlisted trust business alongside the new listed vehicle, and this is consistent with the Group’s intention to offer the market listed, unlisted and wholesale property funds, Mr McBain said”.
Centuria has made a provision for a priority offer in the PDS for its existing clients and investors, ensuring that their loyalty to the Group is rewarded with a guarantee of access to the Group’s new investment offering.
The PDS provides for closing of the transaction on 23 August 2013 for retail investors and 26 August 2013 for institutional investors, allowing trading of the Trust’s units in early September.
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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]
Nicholas Collishaw CEO – Listed Property Funds Centuria Property Funds Limited Phone: 02 8923 8923 / 0414 300 031 Email: [email protected]
Alicia Eu Account Assistant BlueChip Communication Phone: 02 9018 8603/ 0412 552 004 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. Our drive, allied with our inside knowledge of the sector and intimate understanding of our clients, allows us to transform opportunities into rewarding investments.
Units in Centuria Property Trust (ARSN 164 553 851) will be offered by Centuria Property Funds Limited (ABN 11 086 553 639 ) (AFSL 231141). A Product Disclosure Statement for the offer of units has been lodged with the Australian Securities & Investments Commission and is available to view online at www.centuriapropertytrust.com.au. A person should consider the Product Disclosure Statement in deciding whether to acquire, or continue to hold, units in the listed property fund.
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