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Company News Summary

Centuria Industrial REIT Announces Acquisition of 7.7% Strategic Interest in PLG

08 Sep 2017  |  10:36:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Acquisition of 7.7% strategic interest in PLG by CIP and Pla

Centuria Industrial REIT noted that Centuria Property Funds No. 2 (CPF2L) as Responsible Entity of the Company announced that it has acquired a 7.7% strategic interest in Propertylink Group (PLG) (Acquisition) at $0.95 per PLG security and it has successfully raised $44.2m through the placement of Company's units to institutional investors (Placement) which will be used to fund the Acquisition. Centuria Capital Group also announced that it had acquired a 9.3% strategic interest in PLG. On a combined basis, CNI and the Company have acquired a 17% strategic interest in PLG.

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