Centuria Diversified Property Fund

ARSN 611 510 699 APIR CNT0032AU

The Centuria Diversified Property Fund (CDPF) is an open-ended unlisted property fund that aims to provide monthly tax effective income and long term capital growth by investing in a diversified portfolio of property assets located within Australia.

You can invest in this property investment fund with as little as $10,000. There is no minimum or maximum term of investment^.

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7.00cpu1
Distribution rate
annualised

Monthly
income
 

$1.3901
Unit price2
 

$189.5m3
Fund size
 

Fund Distributions

(previous 6 months)

Dec-20Jan-21Feb-21Mar-21Apr-21May-21
Distribution# (CPU*)0.59450.59450.53700.59450.57530.5945

Fund Performance4 (as at 31 May 2021)

6 mth
(%)		1 yr
(%)		3 yr
(% p.a.)		Since inception#
(% p.a.)
Distribution2.535.115.056.02
Capital Growth0.17-0.461.176.78
Total Return2.74.666.2112.8

Fund Objective

The Centuria Diversified Property Fund objective is to provide tax effective monthly income and the potential for long term capital growth by investing (directly and indirectly via investments in unlisted property schemes which invest in direct property) in a diversified portfolio of predominantly office, industrial and retail property within Australia as well as in liquid investments.

The following table reflects the Fund’s target asset allocation, and is a guide only and, at times, the actual asset composition of the Fund may be different from the target.

Asset ClassTarget
Asset Allocation (%)
Direct property and unlisted property funds90-100
A-REITs, cash or cash-like products0-10
TOTAL100

 

Property Portfolio Highlights

The Centuria Diversified Property Fund invests in four direct property assets and 11 properties via Centuria’s unlisted property funds (a total of 15 properties).

4.74 years5
Portfolio
WALE
 

98.02%5
Portfolio
occupancy
 

43.65%6
Portfolio
gearing
 

4.22 ★
Avg NABERS
Energy
Rating

  • 13-15 Compark Circuit, Mulgrave, Vic

  • 25 Montpelier Road, Bowen Hills, Qld

  • 381 Macarthur Ave, Hamilton, Qld

  • 10 Moore Street, Canberra, ACT

  • 60 Brougham St, Geelong, VIC

  • Havelock House, Perth, WA

  • 1231 Sandgate Road, Nundah, Qld

  • Scarborough House, Woden, ACT

  • 80 Grenfell St, Adelaide, SA

  • 203 Pacific Highway, St Leonards, NSW

  • Data61 building, South Eveleigh, NSW

  • BIOMED Building, South Eveleigh, NSW

  • The Belltower, South Eveleigh, NSW

  • 8 Australia Ave, Sydney Olympic Park, NSW

  • 8 Central Ave, South Eveleigh, NSW

5. As at 31 December 2020
6. Lookthrough gearing based on unaudited management accounts as at 31 December 2020. Updated on a semi-annual basis.

Why Centuria?

Why Centuria?

Centuria Capital Group (Centuria) is an Australian Securities Exchange-listed specialist fund manager with $10.2 billion (as at 31 December 2020) of assets under management. Centuria Property Funds Limited (ABN 11 086 553 639, AFSL 231149), a wholly-owned subsidiary of Centuria Capital Group (Centuria), is the Responsible Entity of the Centuria Diversified Property Fund (CDPF) (ARSN 611 510 699).

Centuria offers investments in listed and unlisted property across 130+ high quality office, industrial and healthcare buildings around Australia. We are a relationship business, forging close connections with investors and actively managing properties to improve usability and attract and retain good tenants. We see this as our competitive advantage.

The unlisted business has a 20 year heritage and in that time, has completed 44 unlisted property funds7.

Centuria’s Value Add Investment Philosophy

Centuria’s investment philosophy is founded on an active management approach to real estate where relationships are key and there is the potential for value to be added at all stages of the investment process (acquisition, ownership, management and disposal).

Centuria believes it has a particular strength in identifying assets that require intensive asset management to maximise returns and has an in-house team to deliver the requisite range of value-add services. Centuria does not try to predict broader macro economic trends but instead believes that an asset that is well acquired and actively managed will outperform a passive approach through the full economic cycle.

Centuria’s Investment Process

Centuria believes in a “hands-on” approach to managing property assets. Unlike a lot of property fund managers, Centuria does not outsource its office and industrial property management to real estate agents (although property management may be outsourced in remote locations or for special purpose assets).

Centuria has a fundamental belief that it can deliver better returns from its property assets by having a closer relationship with the tenants and a better understanding of the buildings themselves.

7. As at 31 December 2020. All available funds have been returned to investors

Invest Now

You can invest using our online application form

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Investment Portfolio

CDPF invests in direct property, Centuria unlisted property funds, cash and an ASX-listed A-REIT

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Investor Centre

Unit Prices, Performance history, Continuous Disclosures and more.

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Doug Hoskins CDPF Q&A Video
14.01.2021

Centuria Diversified Property Fund Q&A

Looking for Income? Watch Fund Manager, Doug Hoskins, answer some key questions about the Centuria Diversified Property Fund and how it could fit into your investment portfolio. Tell us about this Fund How has the Fund’s performance tracked during the past twelve months? Why you would invest in this Fund? What’s the future outlook for this Fund?

Read more >
Internal office fitout
16.12.2019

The Best of Three: Liquidity, Yield and Capital Growth

Different property investment strategies may achieve different outcomes. Can you achieve liquidity, yield and capital growth through commercial property investing? Read our new eBook to find out more.

Read more >
13-15 Compark Circuit Mulgrave
28.11.2019

Centuria’s Diversified Property Fund acquires its fourth direct property – expanding AUM to over $200M

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 its unlisted investment options 13-15 Compark Circuit is located within the heart of the Monash Office and Technology Precinct,

Read more >
25 Montpelier Road Bowen Hills
17.10.2019

Centuria Diversified Property Fund expands portfolio with third direct purchase of $65.4m Brisbane office

Centuria today announced the purchase of 25 Montpelier Road, Bowen Hills, Queensland for $65.4 million. The A-grade office, purchased by Centuria Diversified Property Fund (CDPF, the Fund), is the third direct property purchase by CDPF this year, and will take the Fund’s total assets under management toward $200 million. Bowen Hills is located on the fringe of the Brisbane CBD,

Read more >
10 Moore St Canberra
03.06.2019

Centuria Diversified Property Fund acquires the top-tier ‘Optus Centre’ from Quintessential Equity

Centuria Diversified Property Fund (CDPF) has announced the acquisition of 10 Moore Street, Canberra. The property known as the ‘Optus Centre’ will be purchased for $35 million from commercial property group Quintessential Equity and, combined with the recent purchase of an office property in Hamilton, Queensland, will take CDPF’s Assets Under Management (AUM) to over $100m1.

Read more >

^ Redemptions are limited to the terms detailed in the PDS and are subject to CDPF’s liquidity policy
# Inception date 24 June 2016
* CPU = Cents per unit

#Core Property ratings disclaimer:
The Core Property rating (assigned in April 2021) 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.

Lonsec ratings disclaimer:
The Lonsec Rating (assigned April 2021) presented in this document is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product(s). Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Centuria product(s), and you should seek independent financial advice before investing in this product(s). The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria.

For further information regarding Lonsec’s Ratings methodology, please refer to our website at: http://www.lonsecresearch.com.au/research-solutions/our-ratings

CA-CPFL-12/11/18-00869

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