Centuria Office REIT Divests New South Wales Office to Private Investor for AU$90 Million; Shares Up 3%

MT Newswires Live12-18 10:00

Centuria Office REIT (ASX:COF) exchanged an unconditional sales contract to divest a 9,397-square-meter office at 9 Help Street, Chatswood, New South Wales to a private investor for a contract purchase price of AU$90million, according to a Thursday filing with the Australian Securities Exchange.

The purchase price represents a roughly 13% premium to book value, the filing said. The asset was originally valued at AU$43 million in 2014, said Belinda Cheung, Centuria Office REIT fund manager.

The settlement is expected to occur in June 2026 and the proceeds will be used to repay debt, the filing said.

The real estate investment fund's shares rose nearly 3% in recent trading on Thursday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2592192894?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-12-18 10:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2592192894","market":"sh","top_or_hot":-1,"title":"Centuria Office REIT Divests New South Wales Office to Private Investor for AU$90 Million; Shares Up 3%","media":"MT Newswires Live","content":"<html><body><p> <a href=\"https://laohu8.com/S/CNTUF\">Centuria Office</a> REIT (ASX:COF) exchanged an unconditional sales contract to divest a 9,397-square-meter office at 9 Help Street, Chatswood, New South Wales to a private investor for a contract purchase price of AU$90million, according to a Thursday filing with the Australian Securities Exchange.</p><p>The purchase price represents a roughly 13% premium to book value, the filing said. The asset was originally valued at AU$43 million in 2014, said Belinda Cheung, Centuria Office REIT fund manager.</p><p>The settlement is expected to occur in June 2026 and the proceeds will be used to repay debt, the filing said.</p><p>The real estate investment fund's shares rose nearly 3% in recent trading on Thursday.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Centuria Office REIT Divests New South Wales Office to Private Investor for AU$90 Million; Shares Up 3%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCenturia Office REIT Divests New South Wales Office to Private Investor for AU$90 Million; Shares Up 3%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-12-18 10:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> <a href=\"https://laohu8.com/S/CNTUF\">Centuria Office</a> REIT (ASX:COF) exchanged an unconditional sales contract to divest a 9,397-square-meter office at 9 Help Street, Chatswood, New South Wales to a private investor for a contract purchase price of AU$90million, according to a Thursday filing with the Australian Securities Exchange.</p><p>The purchase price represents a roughly 13% premium to book value, the filing said. The asset was originally valued at AU$43 million in 2014, said Belinda Cheung, Centuria Office REIT fund manager.</p><p>The settlement is expected to occur in June 2026 and the proceeds will be used to repay debt, the filing said.</p><p>The real estate investment fund's shares rose nearly 3% in recent trading on Thursday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CNTUF","symbol_name":"Centuria Office","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2592192894","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2592192894","pubTimestamp":1766023209,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Centuria Office REIT  exchanged an unconditional sales contract to divest a 9,397-square-meter office at 9 Help Street, Chatswood, New South Wales to a private investor for a contract purchase price of AU$90million, according to a Thursday filing with the Australian Securities Exchange.The purchase price represents a roughly 13% premium to book value, the filing said. The asset was originally valued at AU$43 million in 2014, said Belinda Cheung, Centuria Office REIT fund manager.The settlement is expected to occur in June 2026 and the proceeds will be used to repay debt, the filing said.The real estate investment fund's shares rose nearly 3% in recent trading on Thursday.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CNTUF":"Centuria Office","BK7154":"办公室房地产信托","BK7122":"办公房地产投资信托","8C8U.SI":"Cent Accom REIT","COF.AU":"CENTURIA OFFICE REIT","BK6142":"多户式住宅房地产信托","REIT":"ALPS Active REIT ETF","CFA.SI":"NikkoAM-STC Asia REIT"},"translate_title":"Centuria Office REIT以9000万澳元将新南威尔士州办事处剥离给私人投资者；股价上涨3%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"8C8U.SI":1.5,"REIT":1.5,"CFA.SI":1.5,"CNTUF":1.5,"COF.AU":1},"content_text":"Centuria Office REIT (ASX:COF) exchanged an unconditional sales contract to divest a 9,397-square-meter office at 9 Help Street, Chatswood, New South Wales to a private investor for a contract purchase price of AU$90million, according to a Thursday filing with the Australian Securities Exchange.The purchase price represents a roughly 13% premium to book value, the filing said. The asset was originally valued at AU$43 million in 2014, said Belinda Cheung, Centuria Office REIT fund manager.The settlement is expected to occur in June 2026 and the proceeds will be used to repay debt, the filing said.The real estate investment fund's shares rose nearly 3% in recent trading on Thursday.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2592192894","isCrawlerRequest":true}