Monday, 19 April, 2021 - 11:00
Primewest in $600m takeover
Primewest has received an off-market takeover bid from fellow property fund manager Centuria Capital, with the combined group to have $15.5 billion in assets.
John McBain has 40 years of real estate experience across Australian, New Zealand and British markets, focused on the industrial and office sectors.
Mc McBain has founded four real estate entities including Hanover Property Group, Waltus Investments, Century Funds Management and Centuria Capital - the latter two with joint chief executive Jason Huljich.
Rank | Company | 1 Yr | 5 Yr |
---|---|---|---|
354th | Audalia Resources">Audalia Resources | 40% | 47.58% |
355th | Downer EDI">Downer EDI | 39.96% | -3.65% |
356th | Centuria Capital Group">Centuria Capital Group | 39.95% | 3.4% |
357th | QUBE Holdings">QUBE Holdings | 39.69% | 6.29% |
358th | Origin Energy">Origin Energy | 39.59% | 9.9% |
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NEWS: Tagged in Centuria’s profits decline, AUM stable | 20 Feb 2024 |
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NEWS: Tagged in Centuria players’ new lease on life | 08 Nov 2022 |
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NEWS: Tagged in Centuria posts 63pc profit boost | 10 Aug 2022 |
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NEWS: Tagged in Primewest in $600m takeover | 19 Apr 2021 |
Primewest has received an off-market takeover bid from fellow property fund manager Centuria Capital, with the combined group to have $15.5 billion in assets.
Real estate fund manager Centuria Capital Group has posted a $292.6 per cent rise in revenue and 63 per cent profit uplift on the back of strong acquisition activity during the 2021-22 financial year.
The Primewest brand may be gone but its three founders are still doing deals.
The real estate fund manager says its absorption of Primewest has helped buoy its funds under management to a record $21.1 billion in its recent half-year results.
The ASX-listed property fund has retained a $21.1 billion asset base, but reported a 15.5 per cent operating profit loss.
The property fund giant has grown its assets under management back to $21.1 billion and reported a 3.5 per cent drop in net profit after tax.
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John McBain is linked to 5 organisations which are included in 3 lists - Public Companies - non WA, Shopping Centre Owners and Property - Commercial Owners.
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