Announced
Completed
Financials
Tags
Public
Private Equity
Friendly
Domestic
Acquisition
Majority
Single Bidder
Australia
Real Estate Holding and Development
property fund manager
Completed
Synopsis
Centuria Capital, an Australian investment manager, completed the acquisition of Primewest, a property fund manager, for $462m. The price represents a 3.1% premium to last closing price. "The addition of Primewest’s deep client base centred on the west coast complements Centuria’s east coast networks. The power of putting those two distribution networks on top of the New Zealand distribution network: it’s a different way of looking at real estate platforms,” John McBain, Centuria Joint CEO.
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