An outstanding opportunity to earn attractive, tax-deferred income3 and capture upside potential in a property sector with strong underlying fundamentals.
The Centuria Logan Super Centre Fund is a new, unlisted property fund that invests in a destination homemaker centre located in the City of Logan, currently the fastest growing local government area in Queensland situated 25km south-east of the Brisbane CBD.
Watch full Fund webinarProjected IRR (net of fees)1
Forecast average distribution rate over Fund term2
Tax-deferred3
Minimum investment and
5-year initial Fund term4
The Logan Super Centre is a prime Large Format Retail (LFR) property built in 2007 and adjacent to the only IKEA south of Brisbane, making it a one-stop destination for all home and lifestyle needs.
It is anchored by Anaconda, Fantastic Furniture, Spotlight and Freedom, and complemented by 22 LFR tenants, two specialties, one kiosk and a car wash pad site.
Key property attributes:
The Centuria Logan Super Centre Fund has obtained a Recommended rating from Core Property Research.10
The Property is located in Queensland within the City of Logan, an area set to be transformed by population growth and significant infrastructure investment.
Situated between Brisbane CBD to the north and the Gold Coast to the South, Logan is one of the fastest growing local government areas in Australia and the fastest growing in Queensland, recording a growth rate of 2.4% p.a. over the last eight years.9
Logan is also set to benefit from committed infrastructure projects over the next 12 months, including the $5.75 billion Logan and Gold Coast faster rail upgrade and the $530 million Logan Hospital expansion (Stage 2).
Centuria have a depth of experience in the retail property sector, with dedicated teams managing 75 retail centres across Australia and New Zealand with a total value of $2.75 billion as at 31 December 2024.
Currently, Centuria owns and manages seven other retail centres in Queensland. This on-the-ground experience and depth of tenant relationships will provide synergies that can be leveraged in the management of the Logan Super Centre.
| Offer open | 10 March 2025 |
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| Offer close | 28 March 2025 |
Helpful resources you can share with clients about the Fund and investing in retail property.
To request a copy of the PDS or learn more about this Fund please contact your local Centuria Distribution Manager.
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All investments in unlisted property funds carry risk. As the Fund invests in retail property it carries the market and property risks associated with investing in this sector, including climate and environmental risks. As a geared investment, the Fund also carries associated financial and leverage risks. Risks can impact on distribution and capital returns over the term of the Fund. It is important that you read the PDS and understand the risks of investing. Centuria and its associates will receive fees in relation to an investment in the Fund as disclosed in the PDS. Investment in the Fund is subject to risks including possible delays in payment or loss of income and principal invested. Centuria does not guarantee the performance of the Fund.
Investors cannot withdraw their investment during the five-year initial investment term. Whilst investors will be able to vote to wind up the Fund after 5 years (expected in or around June 2030), they will be bound by the will of the majority of unitholders who may vote to extend for a further 2 years. Any extension to the Fund’s initial term can only occur by majority vote. Any extension beyond June 2032 can only occur by unanimous vote so any unitholders voting to wind up the Fund can expect a liquidity event at or around that time. It is important to note that any decision to wind up the Fund by unitholders will trigger actions from Centuria to sell the real estate asset held by the Fund and full liquidity will not be available until that asset is sold.
The Fund will have an initial gearing level of 47.3%, which is based on the total value of all the assets of the Fund, including the Fund’s cash assets.
1. Target IRR applying assumptions including terminal cap rates for the property. The modelled target IRR is subject to due diligence and the modelled return is not a forecast and is provided for the information of Financial advisers only. The target IRR is net of fees, pre-tax and based on Centuria’s acquisition modelling but is highly contingent on the key future assumptions, which are not contracted or certain. No guarantee is made that the modelled target IRR, or any of the assumptions and variables used to calculate the IRR, will be achieved and the actual IRR may differ materially from the modelled IRR.
2. Pre-tax figures. Distributions will be paid if declared by Centuria Property Funds No.2 Limited and will be subject to the terms, assumptions and risks set out in the PDS. The forecast distribution rate is predictive in nature and is subject to assumptions, risks and circumstances (both known and unknown) outside of the control of the Fund. These assumptions include that all tenants will satisfy their contractual obligations under their respective leases within a timely manner, there are no significant unforeseen capital costs or material changes to the Fund’s financial obligations. The actual returns may differ from the target/forecast return. The Responsible Entity does not guarantee the performance of the Fund, the repayment of capital or any income or capital return.
3. Distributions are expected to be 100% tax deferred for Australian residents in the first four years reverting to 90% in year five.
4. Initial Fund term may be extended – refer to terms and conditions in the PDS.
5. Weighted average lease expiry (by gross income) as at 1 June 2025.
6. Property Insurance Reinstatement Cost Assessment (excl. GST) provided by Napier & Blakeley as at 4 February 2025. Inclusive of land estimated at $300/sqm.
7. Data as at 1 June 2025.
8. Dates are subject to change. The responsible entity reserves the right to close the Fund to applications once fully subscribed and applications may be subject to scale back if the Fund is oversubscribed. Refunds will be made to investors for any application monies not accepted or subject to scale back.
9. Catchment growth over the last 8 years. Source: Deep End Services Report January 2025.
10. Core Property ratings disclaimer: The Core Property rating (assigned in March 2025) presented in this document has been prepared and issued by Core Property Research Pty Ltd (“Core Property”), which is an Authorised Representative ASIC number 1280479 of Core Property Research Holdings Pty Ltd (ACN 633 170 751, AFS License No. 518320) (Licensee), and trading as Core Property. Whilst the information contained in the report has been prepared with all reasonable care from sources that Core Property believes are reliable, no responsibility or liability is accepted by Core Property for any errors, omissions or misstatements however caused. Past performance information is for illustrative purposes only and is not indicative of future performance. The Core Property publication is not and should not be construed as, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information only. Neither Core Property nor the Participant is aware that any recipient intends to rely on this Report or of the manner in which a recipient intends to use it. To access the full report, please visit www.coreprop.com.au. The rating is subject to change without notice and Core Property assumes no obligation to update the report.
Disclaimer: Centuria Property Funds No.2 Ltd (ABN 38 133 363 185) (AFSL 340 304) (CPF2L) is the responsible entity for the Centuria Logan Super Centre Fund (Fund) (ARSN 684 286 100). CPF2L is a wholly owned subsidiary of the Centuria Capital Group (Centuria)(ASX:CNI). This information is general information only and does not take into account the objectives, financial situation or particular needs of any person. You should consider whether this information is appropriate for you and consult your financial or other professional adviser before investing. You should also obtain and read a copy of the PDS, which is expected to be issued on or around 10 March 2025, relating to the Fund before making a decision to invest. The PDS for the Fund will be made available from Centuria’s website (www.centuria.com.au). A Target Market Determination will be issued for this product and will be published on Centuria’s website at: Design & Distribution Obligations (DDO) | Centuria. Centuria and its associates will receive fees in relation to an investment in the Fund as disclosed in the PDS. Investment in the Fund is subject to risks including possible delays in payment or loss of income and principal invested. Centuria does not guarantee the performance of the Fund. Information collected by Centuria Capital Group (ASX:CNI) and its subsidiaries may contain personal information. Please refer to our Privacy Policy for information about how we handle your personal information, your rights to seek access to and correct your personal information, and how to complain about breaches of your privacy by CNI. Centuria has also issued a Financial Services Guide which can be accessed on our website.
