Centuria Capital and its listed property funds have together snapped up a 15.2% stake in Australian real estate investment trust GPT Metro Office Fund (GMF).
Centuria Capital scooped a 12.6% stake in GMF, while Centuria Property Funds, in its capacity as responsible entity to Centuria Metropolitan REIT (CMA), acquired the remaining 2.6% interest.
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The settlement for the deal will occur on a T+2 basis, Centuria said in a statement.
Centuria Capital, with $1.9bn in funds under management, offers various investment opportunities including tax-effective investment bonds and unlisted property funds.
CMA invests in office and industrial assets in Australia’s metropolitan markets. It includes ten office and three industrial assets worth $396.7m across Sydney, Brisbane, Canberra and Adelaide.
GMF focuses on office investment within Australia’s metropolitan areas. The firm manages assets worth about $439.3m.
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