trending Market Intelligence /marketintelligence/en/news-insights/trending/jyIj1L3tbl_jx6zhzXpeFQ2 content esgSubNav
In This List

Centuria Metropolitan closes retail entitlement offer, wraps up 2-asset buy

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


Centuria Metropolitan closes retail entitlement offer, wraps up 2-asset buy

Centuria Metropolitan REIT closed Dec. 20 the retail component of its accelerated nonrenounceable entitlement offering, raising roughly A$34 million at the offer price of A$2.39.

The completion of the retail component offering follows the closing of the institutional component of the equity raising, which raised approximately A$26 million.

Retail security holders subscribed for A$18 million of the offering, representing a 53% participation rate.

Settlement of the retail entitlement offer will occur Dec. 27, with the allotments to take place the following day. Issuance of new securities under the retail entitlement offer will be made Dec. 28, and trading will commence a day later.

Moelis Australia and UBS AG, Australia branch, acted as financial advisers, joint book runners and joint underwriters for the equity raising, while Morgans and Shaw & Partners are co-lead managers.

The company also settled two acquisitions in New South Wales, Australia, and is anticipating to close a sale. The company said it wrapped up the A$33.3 million purchase of the 77 Market St. property in Wollongong, as well as the roughly A$86 million acquisition of the 201 Pacific Highway asset in St Leonards. It expects to settle the A$10.3 million sale of 44 Hampden Road in Artarmon by the close of the Dec. 22.