Australia's Centuria Office rises on divestment of non-core office

Centuria Office REIT

05/06/2024 04:33

** Shares of Centuria Office REIT  COF.AX  rise as much as
2.1% to A$1.215, set for their best day since May 14 - if gains
hold 
    ** Real estate investment trust says divested non-core
Toowong office in Queensland for a contract purchase price of
A$37.35 mln ($24.87 mln)
    ** Says proceeds will be used to repay debt    
    ** Stock down 11.2% so far this year, as of last close


($1 = 1.5020 Australian dollars)

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))