Real Estate
Centuria bought the office tower in South Australia for AUD184.6m. Lederer will own 50% stake. : Centuria Capital Group has bought an office tower in South Australia for AUD184.6m (€118.6m) from Blackstone. Centuria will own half of 80 Grenfell Street, with its capital partner the Australian investment firm, the Lederer Group, owning the remaining half. Blackstone bought the building, 80 Grenfell Street, as part of its AUD400m purchase of Rundle Mall shopping centre in late 2015. Jason Huljich, Centuria’s head of real estate and funds management, told IPE Real Assets that Centuria accepted a yield of 6.6%.

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