Business
Centuria to merge with Primewest in $600m deal – The Australian Financial Review
Listed investment platform Centuria Capital has struck a $600 million deal to merge with Perth-based Primewest, to create a $15.5 billion property fund management…
The merged group would have assets under management of $15.5 billion, which represents, a 52 per cent lift in Centurias current managed assets, taking the merged platform into the ranks of the larger property fund managers.
The merged group would have a market capitalisation of around $2.2 billion, making it likely that it would be included S&P/ASX 200 index.
The merger represents an exciting opportunity to combine two highly complementary real estate platforms that share similar philosophies and…
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