Fund manager Centuria Capital is assembling a 12,000-strong army of investors for its unlisted property business as it moves to complete a $600 million takeover of Perth-based peer Primewest.
With 90 per cent or more of shareholders accepting its takeover bid at $1.51 per share, ASX-listed Centuria, led by John McBain and Jason Huljich, can now compulsorily acquire the remainder.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
