Media Centre - Henry Davis York

HDY advises Centuria Property Funds Limited

10 December 2014

SYDNEY: Henry Davis York advised Centuria Property Funds Limited (as responsible entity of Centuria Metropolitan REIT No.1 and Centuria Metropolitan REIT No.2 (together, CMA)) on the offer of stapled securities in CMA and listing of CMA on the Australian Securities Exchange (ASX).

The offer consists of an institutional offer, broker firm offer and a priority offer (Offer) and raised approximately A$114.3 million.

CMA is an Australian real estate investment trust (REIT) which will have  a portfolio of 8 office and industrial assets located throughout Sydney, Brisbane and Adelaide metropolitan areas. At listing on the ASX, CMA is expected to have an indicative market capitalisation of A$143 million (based on an offer price of A$2.00 per stapled security) and will own a portfolio of eight assets independently valued at $182.9 million.

Centuria Property Funds Limited (as responsible entity of CMA) lodged a Product Disclosure Statement for the Offer with the Australian Securities and Investments Commission on Tuesday 11 November 2014 and listed on the ASX today.
The Henry Davis York team was led by partner Nikki Bentley, along with partner Lucinda McCann, special counsel Matthew Farnsworth and senior associate Sam Smith.

Ms Bentley said, “We are delighted to be assisting the Centuria team on such a strategically important project and are thrilled that their entry into the A-REIIT market is being so well supported by investors.
The joint lead managers and book runners, UBS AG, Australia Branch, and CIMB Capital Markets (Australia) Ltd were advised by Herbert Smith Freehills.


For further information contact:

Glenn Taylor
Head of Communications
Henry Davis York
61 2 9947 6568
61 408 939 226