Company news: Centuria Urban REIT
Centuria has proposed the merger of the Centuria Urban REIT (CUA, formerly the 360 Capital Office Fund), and the Centuria Metropolitan REIT.
For each CUA security, securityholders would receive 0.88 CMA units and $0.23 cash.
The announcement was made this morning. At face value it looks a sensible consolidation of the two entities, and will be EPS accretive.