Jim Litis News Today

The Perth-based real estate funds manager has formally adopted the brand of its parent company, Centuria Capital Group.

Centuria to merge with Primewest in $600m deal Share Listed investment platform Centuria Capital has struck a $600 million deal to merge with Perth-based Primewest, to create a $15.5 billion property fund management platform. ASX-listed Primewest’s board led by executive chairman John Bond, the son of Alan Bond, has unanimously recommended the Merger, in the absence of a superior proposal. John McBain and Jason Huljich, joint CEOs of Centuria Capital.   Edwina Pickles / AFR Boss That support...

Australia’s Centuria makes takeover bid for Primewest Australia’s Centuria makes takeover bid for Primewest Australian flag waving over Sydney Australian real estate money manager Centuria made an off-market takeover bid for Primewest, in a deal that would create a A$15.5 billion ($12 billion) firm. A filing with the Australian stock exchange said real estate firm Primewests board has unanimously recommended the merger, in the absence of a superior proposal and subject to an independent exp...

15 January 2021 The Western Australian town of Broome will become host to one of Australia’s largest shopping centre solar installations. The 1.2MW commercial solar installation will be added to the Broome Boulevard Shopping Centre, owned by ASX-listed property investors Primewest, constructed over the centre’s car park, and is expected supply around 45 per cent of the centre’s electricity needs. The company said the structure would provide shading for 330 car parking spots at the shoppin...