Centuria launches $454m Sydney CBD Prime Office Fund

• Contract exchanged for 50% interest in Sydney CBD A-grade office assets
• Acquisition at ~60% below estimated replacement cost
• Initial forecast distribution yield of 7.5% p.a.

Centuria Capital Group (ASX: CNI) has exchanged contracts to acquire a 50% interest in the A-grade office assets located at 680 George Street and 50 Goulburn Street, Sydney NSW. The acquisition price for the 50% interest is $454 million, representing an acquisition at approximately 60% below estimated replacement cost. The acquisition will be held via a newly established single-asset closed-end unlisted fund, the Centuria Sydney CBD Prime Office Fund (CSPOF or 'The Fund'). The Fund offers an initial five-year term with an initial forecast 7.50% p.a. distribution yield, paid monthly, with a minimum investment starting at $100,000. Settlement is scheduled for Q1 FY27.

Initial forecast distribution yield of 7.5% p.a. for the first two financial years

Centuria plans to continue scaling up acquisition size to underpin AUM growth.