10 January 2017 By Hope William-Smith
Centuria Capital Group is renaming the 360 Capital Office Fund, following its acquisition of the 360 Capital fund which it is continuing to manage in line with existing strategy.
Re-designated as 'Centuria Urban REIT', the identification code of the fund used on the Australian Securities Exchange (ASX) will remain under its previous code, TOF, until a further name change is implemented. Centuria also acquired 360 Capital Limited's co-investment stake of 28.75 per cent in TOF.
Centuria funds manager Doug Hoskins has been appointed to the position of trust manager of TOF, and would enter his seventh year at Centuria in 2017.
As a result of the acquisition, Centuria Group would now manage assets with a value of over $3.6 million for an investor base of around 100,000.