Primewest

Perth-based real estate funds manager, Primewest, has announced it has formally adopted the brand of its parent company, Centuria Capital Group (ASX: CNI or “Centuria”), and from today will solely be known as Centuria.

Melbourne-based property investor Vantage Property Investments has secured an iconic near-city heritage office asset in Brisbane for $28,650,000.

Centuria Capital Group subsidiary, Primewest, has secured an off-market portfolio of six vineyards across eight separate properties, totalling 113.74 H

Centuria Capital Group subsidiary, Primewest, has divested five neighbourhood shopping centres on behalf of two unlisted wholesale funds, to SCA Property Group, for a collective $180 million, representing a 24.1% premium to book value, and reflecting a weighted average fully let yield of 6.0%.

Centuria Capital Group subsidiary, Primewest, has secured an off- market, $41.5million daily needs retail centre at a new, mixed-use complex in Hurstville, Sydney NS

Centuria Capital Group subsidiary, Primewest, has acquired the Woolworths-anchored daily needs retail precinct within Potts Point’s OMNIA mixed-used development for $14.3million on a 5% initial passing yield on behalf of its convenience daily needs institutional retail mandate.

Centuria Capital Group subsidiary, Primewest, has secured a $71.2 million shopping centre in Geraldton, a major gateway town in Western Australia, for a single-asset, unlisted closed-ended wholesale fund

Centuria Capital Group subsidiary, Primewest, has acquired the Coles-anchored Byford Village Shopping Centre along with an adjoining vacant site for $33.75m

Following its recent merger with Centuria Capital Group, Primewest has launched a new wholesale unlisted agricultural fund, Primewest Agricultural Trust No. 2, seeded with a $53.9 million almond farm located in NSW’s renowned Riverina region.

The proposed takeover of Primewest by Centuria has progressed without any potential counter parties emerging, however Centuria have not yet obtained the minimum number of securities they had hoped to achieve forcing the group to extend the offer period by a further week and drop the minimum conditions.

The proposed takeover of Primewest by Centuria has progressed without any potential counter parties emerging, however Centuria have not yet obtained the minimum number of securities they had hoped to achieve forcing the group to extend the offer period by a further week and drop the minimum conditions.

Centuria has today announced that it has entered into an agreement with Primewest under which Centuria will make an off-market takeover offer for 100% of Primewest securities, creating a $15bn real estate platform.

AMP Capital have agreed terms with Primewest on the sale of 140 St Georges Terrace for $260m.

Primewest have been reported as the buyer for QIC’s Robina Home + Life homemaker centre on the Gold Coast in a $66 million completed this week.

Primewest has announced a fully underwritten capital raising of $55m to become a cornerstone investor in its recently launched wholesale funds.