6 July 2023
Centuria appoints new WA General Manager
- 20-year experienced, Nick Hunt to oversee WA Centuria business, consisting of c.70 personnel1, and a $4.3 billion1 multi-sector WA real estate portfolio across 88 assets
- Appointment enables, Bruce McCully, to focus on growing Centuria’s retail portfolio
- New WA structure provides further scope for retail sector and regional growth opportunities.
Australasian real estate funds manager, Centuria Capital Group (ASX:CNI or ‘Centuria’), has appointed 20-year experienced property leader, Nick Hunt, as its new General Manager of Western Australia.
Having held similar positions with family offices and listed real estate peers such as 151 Property and Charter Hall, Nick will add a breadth of experience across workplace leadership, transactions and best in class asset management. Nick will report into Centuria’s Joint CEO, Jason Huljich, while working closely with Centuria’s Head of Portfolio & Asset Management, Victor Georos.
Nick’s appointment enables Centuria’s retail specialist, Bruce McCully, to focus on growing the Group’s Large Format Retail (LFR) and Daily Needs Retail (DNR) platforms throughout Australia. Previously, Bruce held dual roles of Head of Retail and WA General Manager.
Jason Huljich, Centuria Joint CEO, said, “We warmly welcome Nick into the Centuria fold. He brings a wealth of experience across the Perth and wider WA markets and is well known in the industry. Nick has a reputable track record in property services as well as capital and leasing transactions.
“As the WA team has grown to c.70 personnel since merging with Centuria in 2021, and the retail divisions have grown collectively to $3.27 billion1, we have taken the opportunity to split the Head of Retail and WA General Manager roles across two very highly regarded property stalwarts. This is the next phase of our regional development.
“Bruce was the lynchpin for the Primewest integration with Centuria and by handing over the operational reigns to Nick, Centuria is in a better position to keep up the pace of growth across the region and, in particular, the retail sector.”
In 2021, Centuria merged with Perth-based real estate funds manager, Primewest Group. The merger enabled Centuria to broaden its platform into the new sectors of LFR, DNR and agriculture while growing its industrial, office and healthcare portfolios. Subsequently, the Group has also expanded into real estate credit. As of 31 March 2023, Centuria has more than $21 billion of assets under management throughout Australia and New Zealand.
