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Centuria Diversified Fund fund-through deal complete

Australian law firm Commercial & Legal has advised on a fund-through exchange to Centuria Diversified Fund of a $38.25 million industrial facility located in Direk, South Australia.

August 05, 2021 • By Emma Musgrave
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Centuria Diversified Fund fund-through deal complete
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Firm: Commercial & Legal (Centuria Diversified Fund).

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Deal: Commercial & Legal provided an end-to-end solution providing advice on the initial purchase, the tenant pre-commitment and leasing, the construction and eventual fund-through sale documents.

 
 

Value: $38.25 million.

Area: Property.

Key players: The Commercial & Legal team was led by principal partner Elias Farah, alongside partners Nicholas Graham and Mark Henderson.

Deal significance: According to a statement provided by Commercial & Legal, this deal represents one of the true “fund-through” sales to have taken place in South Australia, involving Centuria being one of the country’s largest property funds.

Commenting further on the deal, Mr Farah said: “Commercial & Legal have substantial experience dealing with fund-through sales and are pleased to continue advocating such transactions in the growing South Australian market.

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“We expect to see more fund-through opportunities come to the market as the players become more familiar with this structure, and have already been engaged for another.”

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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