Fund manager Propertylink has launched a $755 million takeover bid for listed Centuria Industrial REIT after seizing more than 12 per cent of its register in an overnight raid.
The Propertylink offer is a combination of scrip and cash, with 2.5327 of its securities and $0.33 cash for each unit in the Centuria-run fund, known by its ticker as CIP.
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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
Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com
