Centuria Property Completes Institutional Placement

  • Dec 12, 2019 AEDT
  • Team Kalkine

Centuria Industrial REIT (ASX:CIP) has successfully completed the fully underwritten Institutional Placement, raising approximately $154.4 million through the issue of ~45.3 million new CIP units at an issue price of $3.41 per New Unit.

  • New Units issued under the Placement will rank equally with existing CIP units from the date of issue and will be entitled to the distribution for the quarter ending 31 December 2019 of 4.675 cents per unit.
  • The issued placement is within the company’s existing 15 per cent placement capacity and does not require unitholder approval.

The proceeds of placement would be used for the acquisition of two high quality industrial assets via sale and leaseback with Arnott’s for a combined value of $236.2 million.

 

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