Centuria Capital completed the acquisition of Primewest for $462m.

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.