HWL Ebsworth confirms role in $500m acquisition

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HWL Ebsworth has confirmed that it advised Centuria on the purchase of four office properties for $500m from Hines Global REIT.

The national firm also said that it advised on the $100m capital raising by Centuria Capital Group and the $276m capital raising by Centuria Metropolitan REIT to fund the acquisition.

Baker McKenzie earlier confirmed that it successfully acted for UBS and Moelis Australia on the Centuria Metropolitan raising and for Moelis on the Centuria Capital offer. The raisings consist of two simultaneous institutional placements and accelerated non-renounceable entitlement offers (ANREOs).

Partners James Lonie and Grant Hummel and special counsel Naomi Philp led the HWL Ebsworth ECM team. They were supported by solicitors Wai Lam Au, Thomas Riley, Adam Christie, and David Ellis.

“Centuria has been on an amazing growth trajectory. With this most recent transaction, speed was a critical success factor. Centuria has again demonstrated its ability to negotiate and execute complex transactions quickly,” Lonie said.

The property team was led by partner Anthony Jreige. Expert advice was also provided by partners Jonathan East and David Marriott, as well as special counsel Anthony Boge. Senior associates Rupert Lugo and Chafeka Elias, associate Julie Hidalgo and solicitor Louisa Dillon were also part of the property team.

Last year, HWL Ebsworth advised Centuria Metropolitan on its $90m equity raising and Centura Capital on its $60m equity raising.