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Article: Centro Properties Group Announces Completion of AUD$102 Million Capital Raising
- Article from:
- abnnewswire.net
- Article date:
- November 10, 2005
- Author:
CopyrightCopyright 2008 ABN Newswire. (Hide copyright information)
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Centro Properties Group ("Centro") (ASX: CNP) is pleased to announce the successful completion of a $102 million capital raising via an institutional placement of 17 million Centro securities.
The proceeds of the capital raising will be used to partially fund the purchase of a 50% interest in Hyperdome Tuggeranong Regional Shopping Centre, ACT which is part of a joint venture with Leda Holdings ("Leda") announced earlier today, and for other corporate purposes. Mr Brian Healey, Centro's Chairman commented, "We are extremely pleased with the support of investors for the joint venture with Leda which demonstrates Centro's ability to source quality Australian opportunities in an extremely ...