Baker & McKenzie successfully acted for Moelis Australia Advsory in its role as sole Lead Manager and Underwriter to the Centuria Capital Group’s (Centuria Capital) fully underwritten pro rata accelerated non-reunceable entitlement offer, placement and conditional placement (conditional on Centuria secrityholder approval) (Offer). The Offer is seeking to raise $150 million to partially fund the acquisition by Centuria of the majority of 360 Capital Group’s real estate platform for $217 million.
Centuria Capital owns a portfolio of quality metropolitan real estate assets delivering stable and predictable rental income with opportunities for value uplift through diligent asset management and repositioning strategies.
Moelis Australia is a market leader in providing access to alternative investment opportunities, including real estate, infrastructure, and public and private equity to investors via its fund platform and direct mandates.
Baker & McKenzie lead partner on the transaction, David Holland stated:
We were delighted to act for our client Moelis Australia Advisory on this strategic capital raising to partially fund an important new acquisition in 360 Capital Group’s real estate platform.
David was assisted by a Baker & McKenzie team comprising: senior associates Hoda Nahlous and Gabriella Plummer; along with associate, Jessie Bodor.