(Reuters) - Real estate investment trust Propertylink Group <PLG.AX> said on Thursday it had made a takeover offer for Centuria Industrial REIT <CIP.AX>, valuing the company at about A$755 million ($541.3 million).
Propertylink said it was offering about 2.5 of its securities and A$0.33 in cash for each unit of Centuria, valuing the units at about A$3.04 each. The figure represents a premium of about 10 percent to Centuria's last close.
Propertylink said the transaction, if accepted, was expected to be accretive to its earnings and distribution per security for fiscal 2019.
(Reporting by Ambar Warrick in Bengaluru; Editing by Stephen Coates)
