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HWL Ebsworth acts on Centuria’s $500 million office property acquisition and capital raisings

HWL Ebsworth has advised Centuria on the acquisition of four office assets for $500 million from Hines Global REIT, Inc and on the associated capital raisings of $100 million by Centuria Capital Group (ASX: CNI) and $276 million by Centuria Metropolitan REIT (ASX: CMA).

The two capital raisings involved two simultaneous institutional placements and accelerated non-renounceable entitlement offers (ANREOs) to raise a total of $376 million.

The ECM deal team was led by Partners James Lonie and Grant Hummel and Special Counsel Naomi Philp with assistance from Solicitors Wai Lam Au, Thomas Riley, Adam Christie and David Ellis.

Partner, Anthony Jreige led the property team with Partners Jonathan East, David Marriott and Special Counsel Anthony Boge, along with Senior Associates Rupert Lugo and Chafeka Elias, Associate Julie Hidalgo and Solicitor Louisa Dillon.

Commenting on the transactions, James Lonie said: “Centuria has been on an amazing growth trajectory. With this most recent transaction, speed was a critical success factor. Centuria has again demonstrated its ability to negotiate and execute complex transactions quickly. We are delighted to be working with them on such marquee transactions.”

HWL Ebsworth has previously acted for CMA on a $90 million equity raising and a $60 million equity raising in 2017 and for CNI on a $60 million equity raising in 2017.