Centuria Capital Group boosted its ownership in alternative asset manager Centuria Bass Credit to 80%, expanding its foothold in the real estate finance sector.

The $57 million investment comprisesd$28.5 million in cash and an equivalent amount in Centuria Capital scrip.

The transaction lifts Centuria's stake in Centuria Bass's assets under management to $1.7 billion as of FY24. 

The acquisition aligns with Centuria's goal of expanding its platform and diversifying real estate debt offerings.