Centuria Diversified Property Fund – Continuous Disclosures

Download the Centuria Diversified Property Fund PDS
DateContinuous Disclosure
22/04/20Centuria has conducted out of cycle property valuations for 60 Brougham Street, Geelong & 21-29 Havelock Street West Perth. This action was taken to ensure the Fund’s material syndicate investments reflect current market conditions in light of market volatility due to the COVID-19 crisis. 60 Brougham Street, Geelong & 21-29 Havelock Street West Perth have been valued (as at 21/04/2020) by independent property valuers. The revised property valuations indicate a modest reduction of approximately 1.6% compared to previous valuation as at 31 December 2019. These valuations have now been adopted and reflected in the daily unit pricing for the Fund.
17/04/20Centuria has undertaken out of cycle property valuations for the Fund’s direct properties. This action was taken to ensure the Fund’s direct real estate assets reflect current market conditions in light of market volatility due to the COVID-19 crisis. All four of the Fund’s direct property assets have been revalued (as at 16/04/2020), by independent property valuers. The revised property valuations indicate a modest reduction of approximately 1.3% compared to previous valuation as at 31 December 2019. These valuations have now been adopted and reflected in the daily unit pricing for the Fund.
09/04/20The Fund has recently updated disclosures regarding the COVID-19 pandemic. The Managers approach to liquidity remains in line with the PDS, please refer to section 3.6 for further information. Whilst a monthly estimate is not currently available for publishing due to uncertainty with COVID-19, the Funds limited liquidity facility remains in place. The full extent and reach of the COVID-19 pandemic is unknown, you can be assured the Manager is safeguarding Unitholder interests with a prudent and cautious approach to Fund disclosures.
07/04/20Supplementary PDS available. Please click here to access a copy of the updated PDS.
02/04/20COVID-19 has been declared by the World Health Organization as a pandemic. At this time the extent and impact of the COVID-19 pandemic is still developing and it is unknown what the ultimate effect will be on the broader global economy. In general, and noting that the government has announced a range of fiscal stimulus measures to address the economic impact of the COVID-19 pandemic, the COVID-19 pandemic could adversely impact the revenue of some of the tenants in the Fund’s Properties. As a result, those tenants may fail to generate sufficient revenue to make rental payments and, in some cases, sustain their business. In addition, as a result of reduced revenue, the Manager has had requests from tenants for rent abatements or reductions. If the Manager is required to provide rent reductions or abatements, the income of the Fund may be materially impacted. Any failure of a tenant to pay rent, rent abatements or a reduction in demand will impact the Fund’s revenue. This may have a negative impact on distributions to Investors and the value of the Fund’s investments.
01/04/20Daily unit pricing for the Fund has been suspended (1 April 2020) as the required information from the Fund’s Vanguard investments have not been provided. Daily unit pricing will recommence once this information is available.
31/03/20Redemption withdrawal requests, for the month of March 2020, will be accepted until 5.30pm on the last business day of this month.
29/02/20Monthly Fund Update
Liquidity – $11,491,806
Unit Price – $1.4422
26/02/20Ordinary Units issued to a Centuria related entity
13/02/20Units held in the Centuria 2 Wentworth Street Fund: Settlement of the sale of 2 Wentworth Street, Parramatta, NSW
31/01/20Monthly Fund Update
Liquidity – $10,967,895
Unit Price – $1.4430
31/12/19Monthly Fund Update
Liquidity – $6,059,159
Unit Price – $1.4361
Gearing – 39.81%
31/12/19Redemption of Acquisition Units held by a Centuria related entity
03/12/19Units held in the Centuria 2 Wentworth Street Fund: Contracts for sale exchanged for 2 Wentworth Street, Parramatta NSW
30/11/19Monthly Fund Update
Liquidity – $14,659,987
Unit Price – $1.4188
29/11/19Redemption of Acquisition Units held by a Centuria related entity
28/11/19Fund enters into contract for the purchase of 13-15 Compark Circuit, Mulgrave VIC
15/11/19Fund settles on 25 Montpelier Road, Bowen Hills, QLD
12/11/19Acquisition Units issued to a Centuria related party
31/10/19Monthly Fund Update
Liquidity – $10,665,128
Unit Price – $1.4235
11/10/19Fund enters into a put and call option for the purchase of 25 Montpelier Road, Bowen Hills, QLD
30/09/19Monthly Fund Update
Liquidity – $732,603
Unit Price – $1.4236
31/08/19Monthly Fund Update
Liquidity – $18,322,403
Unit Price – $1.4337
27/08/2019Benchmark Data Correction Letter
22/08/2019Units held in the Centuria Zenith Fund: Settlement of the sale of ‘The Zenith’ 821 Pacific Highway, Chatswood, NSW
31/07/19Redemption of Acquisition Units held by a Centuria related entity
31/07/19Monthly Fund Update
Liquidity – $8,643,461
Unit Price – $1.4337
30/06/19Monthly Fund Update
Liquidity – $5,778,273
Unit Price – $1.4346
28/06/19Redemption of Acquisition Units held by a Centuria related entity
21/06/19Fund settles on 381 Macarthur Avenue, Northshore Hamilton, QLD
4/06/19Units held in the Centuria 19 Corporate Drive Fund: Settlement of the sale of 19 Corporate Drive, Cannon Hill, QLD
4/06/19Fund settles on 10 Moore St, Canberra
03/06/19Please note a change in Responsible Entity principal place of business and postal address details:
Centuria Property Funds Limited
Level 41 Chifley Tower,
2 Chifley Square, Sydney NSW 2000
All other contact details remain the same
31/05/19Monthly Fund Update
Liquidity – $9,677,793
Unit Price – $1.4355
30/05/19Acquisition Units issued to a Centuria related entity
29/05/19Letter to Investors – Acquisition of 10 Moore St, Canberra
30/04/19Monthly Fund Update
Liquidity – $21,937,256
Unit Price – $1.4212
29/04/19Fund acquires 381 Macarthur Avenue, Northshore Hamilton, QLD
18/04/19Updated annual fees and costs – April 2019
31/03/19Monthly Fund Update
Liquidity – $18,827,160
Unit Price – $1.4365
28/02/19Monthly Fund Update
Liquidity – $17,187,305
Unit Price – $1.4187
31/01/19Monthly Fund Update
Liquidity – $15,256,483
Unit Price – $1.4105
30/01/19Correction to disclosure from 24/07/18:
Fund acquires 1,683,849 units in the Centuria 80 Grenfell Street Office Fund as at 24/07/18
15/01/19Fund acquires 19,200 units in the Centuria 19 Corporate Drive Fund
31/12/18Monthly Fund Update
Liquidity – $13,486,860
Gearing – 27.93%
Unit Price – $1.3946
30/11/18Monthly Fund Update
Liquidity – $10,058,286
Gearing – 30.82%
Unit Price – $1.3463
28/11/18

Please note a change in registry details:
1800 182 257
Property.enquiry@centuriainvestor.com.au

16/11/18Letter to Investors – Performance Data Correction
31/10/18Monthly Fund Update
Liquidity – $9,017,618
Gearing – 30.95%
Unit Price – $1.3498
30/09/18Monthly Fund Update
Liquidity – $8,633,918
Gearing – 32.25%
Unit Price – $1.3592
31/08/18Monthly Fund Update
Liquidity – $7,512,250
Gearing – 32.47%
Unit Price – $1.3651
31/07/18Monthly Fund Update
Liquidity – $4,752,208
Gearing – 34.91%
Unit Price – $1.3625
24/07/18Fund acquires 1,683,849 units in the Centuria Geelong Office Fund
18/07/18Corrections to disclosures from 05/04/18:
1. Fund acquired 100,000 units in the Centuria 203 Pacific Highway Fund on 03/04/18
2. Fund acquired 50,000 units in the Centuria 8 Central Avenue Fund No.2 on 03/04/18
30/06/18June 2018 Fund Quarterly Update
30/06/18Monthly Fund Update
Liquidity – $5,089,534
Gearing – 34.63%
Unit Price – $1.3431
05/07/18Centuria Capital appoints General Counsel and Company Secretary
31/05/18Monthly Fund Update
Liquidity – $2,718,195
Gearing – 37.62%
Unit Price – $1.3408
14/05/18Fund acquires 2,074,395 units in the Centuria Geelong Office Fund
30/04/18Monthly Fund Update
Liquidity – $2,521,456
Gearing – 37.61%
Unit Price – $1.3369
18/04/18Fund acquires 1,000,000 units in the Centuria Geelong Office Fund
05/04/18Fund acquires 50,000 units in the Centuria 203 Pacific Highway Fund
05/04/18Fund acquires 100,000 units in the Centuria 8 Central Avenue Fund No.2
04/04/18Fund acquires 6,500,000 units in the Centuria Geelong Office Fund
31/03/18March 2018 Fund Quarterly Update
31/03/18Monthly Fund Update
Liquidity – $1,287,183
Gearing – 29.95%
Unit Price – $1.3347
28/02/18Monthly Fund Update
Liquidity – $6,699,191
Gearing – 31.22%
Unit Price – $1.3348
31/01/18Monthly Fund Update
Liquidity – $6,369,543
Gearing – 31.96%
Unit Price – $1.3452
10/01/18Fund acquires 2,023,022 units in the Centuria Sandgate Road Fund
09/01/18Fund acquires 850,000 units in the Centuria Sandgate Road Fund
02/01/18Fund acquires 1,574,166 units in the Centuria Havelock House Fund
31/12/17December 2017 Fund Quarterly Update
31/12/17Monthly Fund Update
Liquidity – $5,751,830
Gearing – 34.68%
Unit Price – $1.3559
5/12/17Fund acquires 80,000 units in the Centuria Havelock House Fund
30/11/17Monthly Fund Update
Liquidity – $9,107,449
Gearing – 26.70%
Unit Price – $1.3093
20/11/17Fund acquires 20,000 units in the Centuria Havelock House Fund
20/11/17Fund acquires 750,000 units in the Centuria Sandgate Road Fund
17/11/17Fund acquires 1,000,000 units in the Centuria Havelock House Fund
31/10/17Monthly Fund Update
Liquidity – $4,906,456
Gearing – 30.78%
Unit Price – $1.2983
26/10/17In use notice for updated Product Disclosure statement lodged with ASIC
30/09/17September 2017 Fund Quarterly Update
30/09/17Monthly Fund Update
Liquidity – $4,240,843
Gearing – 31.7%
Unit Price – $1.2939 per unit
29/09/17In use notice for updated Product Disclosure statement lodged with ASIC
31/08/17Monthly Fund Update
Liquidity – $2,131,467
Gearing – 36.6%
Unit Price – $1.2947 per unit
16/08/17Fund acquires 50,000 units in the Centuria Sandgate Road Fund
31/07/17Monthly Fund Update
Liquidity – $1,689,052
Gearing – 37.9%
Unit Price – $1.2942 per unit
30/06/17June 2017 Fund Quarterly Update
30/06/17Monthly Fund Update
Liquidity – $1,705,828
Gearing – 38%
Unit Price – $1.2883 per unit
27/06/17Fund acquires 56,061 units in the Centuria SOP Fund
15/06/17Fund acquires 100,000 units in the Centuria 203 Pacific Highway Fund
6/06/17Fund acquires 1,000,000 units in the Centuria Havelock House Fund
31/05/17Monthly Fund Update
Liquidity – $3,041,220
Gearing – 33.9%
Net Asset Backing – $1.2075 per unit
1/05/17Fund acquires 25,000 units in the Centuria Havelock House Fund
30/04/17Monthly Fund Update
Liquidity – $1,444,040
Gearing – 39.2%
Net Asset Backing – $1.2126 per unit
20/04/17Fund acquires 1,200,000 units in the Centuria Scarborough House Fund
20/04/17Fund acquires 1,300,000 units in the Centuria Scarborough House Fund
31/03/17March 2017 Fund Quarterly Update
31/03/17Monthly Fund Update
Liquidity – $1,691,061
Gearing – 37.8%
Net Asset Backing – $1.2110 per unit
28/02/17Monthly Fund Update
Liquidity – $747,092
Gearing – 43.0%
Net Asset Backing – $1.2100 per unit
31/01/17Monthly Fund Update
Liquidity – $713,932
Gearing – 43.2%
Net Asset Backing – $1.2248 per unit
31/12/16December 2016 Fund Quarterly Update
31/12/16Monthly Fund Update
Liquidity – $687,495
Gearing – 43.4%
Net Asset Backing – $1.2251 per unit
30/11/16Monthly Fund Update
Liquidity – $625,634
Gearing – 45.4%
Net Asset Backing – $1.1232 per unit
29/11/16Fund acquires 12,500 units in the Centuria 8 Central Avenue Fund No.2
23/11/16Fund acquires 50,000 units in the Centuria 2 Wentworth Street Fund and 12,500 units in the Centuria 8 Central Avenue Fund No.2
31/10/16Monthly Fund Update
Liquidity – $678,596
Gearing – 45.1%
Net Asset Backing – $1.1173 per unit
30/09/16September 2016 Fund Quarterly Update
30/09/16Monthly Fund Update
Liquidity – $680,904
Gearing – 45.1%
Net Asset Backing – $1.1256 per unit
12/09/16Fund acquires initial units in the Vanguard Wholesale Cash and Index A-REIT Fund
31/08/16Monthly Fund Update
Liquidity – $620,335
Gearing – 45.5%
Net Asset Backing – $1.1237 per unit
31/07/16Monthly Fund Update
Liquidity – $0
Gearing – 50.5%
Net Asset Backing – $1.1250 per unit
29/07/16Fund acquires 5,000,000 units in the Centuria Zenith Fund
30/06/16Monthly Fund Update
Liquidity – $0
Gearing – 43.8%
Net Asset Backing – $1.1252 per unit
24/06/16Fund acquires 500,000 units in the Centuria ATP Fund and 76,452 units in the Centuria 19 Corporate Drive Fund
21/03/16Fund Constitution established.

More information about the Centuria Diversified Property Fund

Download RG46 Disclosure.

Download the Centuria Diversified Property Fund Product Disclosure Statement (PDS).