Property
Change of Name – Centuria Metropolitan REIT (ASX:CMA) to Centuria Office REIT (ASX:COF)
7 February 2020
Centuria Property Funds Limited (CPFL) in its capacity as responsible entity of the Centuria Metropolitan REIT (ASX:CMA) advises that CMA’s name has been changed to Centuria Office REIT. Reason For Name Change When CMA first listed in 2014, it owned a combination of both office and industrial assets. As CMA evolved, its focus has refined
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Centuria Capital makes a bid for NZ’s Augusta Capital for $174.8 million
29 January 2020
ASX Listed Centuria Capital has made a $174.8 million ($NZ180 million) friendly takeover offer to New Zealand fund manager Augusta Capital, a property management platform with heavy exposure to the strong Auckland commercial property market. To help fund this acquisition Centuria seeks to raise $80 million from shareholders bringing their assets under management up by $1.9
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Property Market Outlook: What’s ahead for 2020
17 December 2019
Industrial and commercial property sectors are on track to remain strong, assisted by the poor-performing retail sector and record low rates. But as Jason Huljich explains, not all markets are performing equally. Commercial markets retain bullish outlook Melbourne’s commercial sector is the most buoyant but there will be a lot of supply coming onto the
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The Best of Three: Liquidity, Yield and Capital Growth
16 December 2019
Can you achieve these through commercial property investing? Read our new eBook to find out more.
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Why invest in the Healthcare Property Sector?
13 December 2019
In May 2019, Centuria announced the acquisition of a 63.06% economic interest in Heathley Limited and its property funds management platform, Heathley Asset Management Limited. Heathley Limited was subsequently renamed to Centuria Heathley Limited. The transaction introduces a new asset class to Centuria’s expanding real estate platform and fully aligns it to the healthcare property
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Centuria continues to deliver for its established unlisted property division
12 December 2019
Centuria Property Funds Limited (Centuria) has exchanged contracts to divest 2-10 Wentworth Street, Parramatta NSW for $105.3m following the completion of the closed ended property fund’s five year term. The property was acquired in December 2014 for $45.1 million. The successful sale reflects Centuria’s proactive asset management capabilities and the current strength across the commercial transaction markets. Centuria refurbished the common
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Strategic Acquisitions and Equity Raising for Centuria Industrial REIT
11 December 2019
Centuria Industrial REIT (ASX:CIP) has entered an agreement to acquire two high quality industrial assets at 46 Robinson Road East, Virginia QLD and 23-41 Galway Avenue, Marleston SA. Both are 100% leased to Arnott’s Biscuits Limited. These additional assets expand CIP’s portfolio value to $1.5 billion, significantly enhance the portfolio’s WALE, introduce a new national
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Latest acquisition for Centuria Metropolitan REIT
10 December 2019
Centuria Metropolitan REIT (ASX: CMA) has entered an agreement to acquire the industry award winning Nishi building at 2 Phillip Law Street, Canberra for $256 million1. Strategically located in the vibrant and gentrified NewActon Precinct, the A-Grade building expands CMA’s portfolio value to $2.1 billion. The acquisition enhances the portfolio’s WALE and occupancy and increases
Read More Centuria’s Diversified Property Fund acquires its fourth direct property – expanding AUM to over $200M
28 November 2019
CDPF acquires 13-15 Compark Circuit, Mulgrave Victoria for $27.8m Fourth direct real estate acquisition of the Fund. Settlement anticipated early 2020 Two freestanding, A-Grade quality office buildings with a total site area of 8,334 sqm with a combination of on-grade and basement car parking totalling 226 spaces Centuria Capital Group’s (ASX:CNI) platform benefits from strengthening
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How Australia’s 2020 infra peak will fuel industrial property
4 November 2019
The infrastructure investment boom, combined with e-commerce, manufacturing trends, and other developments, signals both change and good news for industrial real estate. Read our new eBook to find out more. Ross Lees interview with Peter Switzer about the report
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