Centuria Office REIT: Completes institutional segment of $201m cap raise

Centuria Office REIT Completes institutional segment of $201m cap raise

• Centuria Office REIT (COF) completes the institutional segment of its major $201 million capital raising plan
• The company is set to pocket $129M from institutional investors who were offered one new share for every 6.4 already held at $2.50 each
• COF said the entitlement offer was well-supported by shareholders, with a takeup of roughly 90 per cent by eligible shareholders
• The remaining $72M will come from the retail segment of the capital raise, which gives mum and dad investors the same offer
• Shares in Centuria OfficeREIT close 3.86 per cent lower at $2.49 per share