Centuria Capital Group acquires 50% interest in Bass Capital

Client(s) Centuria Capital Group

Jones Day advised Centuria Capital Group in the acquisition of a 50% interest in Bass Capital Partners Pty Ltd (Bass), a real estate secured non-banking finance provider for development projects, which includes an option to acquire the remaining 50% interest in Bass in five years. The Bass joint venture will have a c. AU$270 million committed loan book with more than AU$300 million of pipeline opportunities, as well as a AU$107 million open-ended debt fund.