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Report: Centuria in pole for Impact Investment's A$115M office complex

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Report: Centuria in pole for Impact Investment's A$115M office complex

Centuria Capital Group has emerged as the likely buyer of Transport Accident Commission's headquarters in Geelong, Victoria, which Impact Investment Group is selling for about A$115 million, The Australian reported.

According to the Dec. 7 report, recent transactions involving Centuria Capital and its subsidiaries could help the group secure the seven-story office block.

Recently, the group, which made a play for Propertylink together with its Centuria Industrial REIT subsidiary in September, entered agreements to buy interest in two office properties in New South Wales for a combined A$119.1 million through Centuria Metropolitan REIT.

Knight Frank is marketing Impact Investment's building, which was acquired in 2014 for A$95.8 million at a 7.5% yield.