Centuria launches retail entitlement offer

11/12/2018 08:00:00

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Centuria Industrial REIT (ASX:CIP) has launched its retail entitlement offer which is expected to raise around $21 million.

It follows the successful completion of the property trust's institutional Offer which raised $30 million.

Total equity from the raisings is expected to be about $51 million.

Eligible retail shareholders can participate in the offer at a price of $2.77 per unit and offer ratio of 1 for 13.5.

Shares in Centuria Industrial REIT (ASX:CIP) Shares closed 0.35 per cent higher to $2.86 yesterday