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CENTURIA CAPITAL GROUP — Capital/Financing Update 2014
May 8, 2014
64677_rns_2014-05-08_570480f4-e3de-488d-a825-53d2803e1c72.pdf
Capital/Financing Update
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9 May 2014
Centuria Capital Limited (“ CNI ”)
Market Announcements Office
ASX Limited
Centuria Capital Limited – Market Update
Sale of 50 Queen Street, Melbourne
CNI subsidiary, Centuria Property Funds Limited (“ Centuria / Company” ) is pleased to announce today that it has entered into an unconditional contract to sell its commercial office building at 50 Queen Street, Melbourne for $40.7 million.
The property was part of the Becton Office Fund No. 2 which Centuria took over in September 2010, at which time the property valuation was $26.5 million.
The off market sale price is 25% in excess of the latest 31 December 2013 independent valuation and will produce a strong result for investors. Settlement of this transaction is scheduled for mid – June 2014.
Chief Executive Officer (“ CEO” ) John McBain said the result is pleasing for the investors and advisers associated with the Fund.
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For more information or to arrange an interview, please contact:
Matthew Coy John McBain Company Secretary/Chief Financial Officer Chief Executive Officer Centuria Capital Centuria Capital Phone: 02 8923 8923 / 0412 557 224 Phone: 02 8923 8923 / 0417 868 869 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. Our drive, allied with our inside knowledge of the sector and intimate understanding of our clients, allows us to transform opportunities into rewarding investments.