The Centuria Metropolitan REIT has raised a well-oversubscribed $113 million to successfully underpin its launch. The new fund, a reworking of unlisted funds managed by Centuria Capital, will hold low geared industrial and suburban office assets and deliver an initial annualised distribution yield of 8.25 per cent. Robert Harley

Mirvac , which helped develop Sydney’s Olympic Village for the 2000 Games, has returned to the precinct with plans for 400 apartments in two towers within Sydney Olympic Park. The project is expected to contribute to earnings in the 2019 financial year. Robert Harley