Centuria, 360 Capital in talks over potential $3.5bn merger
Centuria Capital Group and 360 Capital have both confirmed that they are in talks, with no agreement reached yet, as they responded to media reports that the two are potentially looking to merge the businesses.
Dataroom flagged earlier that Centuria and 360 Capital are talking to create a $3.5 billion real estate empire, with Moelis likely to be working on the deal.
“Centuria confirms that it is having discussions with 360 Capital Group but no agreement has been reached,” the company said in a filing to the ASX this morning, noting it is looking at a range of potential acquisition opportunities.
360 Capital also confirmed the talks with Centuria regarding a potential transaction.
Centuria, which has a market value of about $81m, has at least $1.9bn of funds under management through its listed Centuria Capital, while 360 Capital, with a market value of about $218m, has $1.48bn under management.
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