Shaw and Partners has been appointed Co-Lead Manager in relation to the equity capital raising announced by Centuria Metropolitan REIT (ASX.CMA).

Centuria Metropolitan REIT is seeking to raise approximately $60m by way of an accelerated 1 for 8.65 non renounceable Entitlement Offer. New securities will be issued at $2.39 per security.

The issue price represents a 2.4% discount to CMA's closing price of $2.45 on 4 December 2017. At the Issue Price, the new securities are forecast to deliver a 7.8% FY18 distributable earnings yield and 7.6% FY18 distribution yield.  New securities issued under the Equity Raising will rank equally with existing securities and be entitled to the full distribution for the quarter ending 31 December 2017.

The proceeds of the offer are being used by CMA to partially fund the acquisition of two properties from separate vendors for a total of A$119.1 million, including:

• a 50% interest in the office building located at 201 Pacific Highway, St Leonards, NSW for A$85.8 million; and
• a 100% interest in the office building located at 77 Market Street, Wollongong, NSW for A$33.3 million.

The acquisitions are in line with the REIT's strategy to invest in metropolitan office assets which generate income returns and offer the potential for capital growth through active management.

For more information please contact your Shaw and Partners Adviser.

THE OFFER IS OPEN TO SOPHISTICATED AND PROFESSIONAL INVESTORS ONLY.

About Centuria Metropolitan REIT

The ASX-listed Centuria Metropolitan REIT invests in office and industrial assets in metropolitan markets across Australia.  The Fund 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. The portfolio is well positioned to meet the Fund’s objectives to provide investors predictability and stability of income, through strong portfolio occupancy and weighted average lease expiry profile.

Disclaimer: Centuria Property Funds Limited (ABN 11 086 553 639) is the Responsible Entity of Centuria Metropolitan REIT (“Centuria” or "CMA" or "Offeror" or the "Fund" or the "REIT").  All New Securities issued under the Offer will rank pari passu with existing fully paid ordinary securities on issue in CMA.  Additional information about the Acquisitions and Equity Raising, including key risks, is contained in the CMA investor presentation released to the ASX today. The retail entitlement offer booklet will be released separately and mailed to eligible security holders. This will also be available on the Listed Property page of Centuria's website at www.centuria.com.au/listedproperty/investor-centre