Centuria’s A42.3 Million Acquisition of Two Industrial Property Assets Across Victoria and Queensland

HWL Ebsworth has advised Centuria on the acquisition of two industrial property assets for $42.3 million across Victoria and Queensland and on the associated capital raising of $70 million by Centuria Industrial REIT (ASX: CIP).

Centuria Capital Group manages a diversified portfolio of investment funds and offers financial services. The Company, led by Jason Christopher Huljich, John Edward McBain and Simon Holt, manages funds of unlisted property investments, and offers investment bonds, education plans, insurance and home loans. In 2018 Centuria recorded A$164 million revenues.

The Victorian acquisition was led by Partner David Marriott and Senior Associate Rupert Lugo with the assistance of Law Graduate Adele Carrubba and Solicitor Nathaniel Leong, while the property acquisition in Queensland was led by Special Counsel Craig Willey with the assistance of Associate Julie Hidalgo.

The capital raising was led by Partners James Lonie and Grant Hummel in Sydney.

Involved fees earner: Julie Hidalgo – HWL Ebsworth; Grant Hummel – HWL Ebsworth; James Lonie – HWL Ebsworth; Rupert Lugo – HWL Ebsworth; David Marriott – HWL Ebsworth; Craig Willey – HWL Ebsworth;

Law Firms: HWL Ebsworth;

Clients: Centuria Capital Group;