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Centuria to merge with Primewest in $600m deal

Nick Lenaghan
Nick LenaghanProperty editor

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Listed investment house Centuria Capital struck a $600 million deal to merge with Perth-based Primewest, to create a property fund management platform with assets of $15.5 billion extending from coast to coast and likely to join the ASX 200.

Centuria, led jointly by John McBain and Jason Huljich, agreed to a bid implementation deed with Primewest, through an off-market takeover offer.

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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

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    Original URL: https://www.afr.com/property/commercial/centuria-to-merge-with-primewest-in-600m-deal-20210419-p57kbk