Centuria Diversified Fund fund-through deal complete

Centuria Diversified Fund fund-through deal complete

04 August 2021 By Emma Ryan
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.

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.

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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.

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.”

Centuria Diversified Fund fund-through deal complete
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