22/12/21 | The Fund has secured a property located at 50 Montsalvat Drive, Greenfields WA for a purchase price of $10.26 million for an initial yield of 5.15%. The property is expected to settle in May 2022 with a WALE of 9.5 years. The Property will be anchored by St John WA (Apollo Health) who will operate a full-service medical centre comprising GP consulting, dental, pathology, X-ray and procedure rooms. |
22/12/21 | The Fund has now settled 2 Lake Street, Varsity Lakes QLD, for a gross purchase price of $75.7 million. |
22/12/21 | The Fund has secured a fund-through acquisition of 299 Scottsdale Drive, Robina QLD for an as-if complete value of $27.45 million. The Property is expected to be completed by December 2022 and will have a 10.7 year WALE at practical completion. The initial yield of the property at completion is 4.75% with a coupon income of 5.00% during the fund-through period. |
21/12/21 | The Fund has now settled 77-97 Ricketts Road, Mt Waverley VIC, for $25.55 million. |
21/12/21 | The Fund has temporarily closed to applications. |
16/12/21 | The Fund has contracted to acquire 2 Lake Street, Varsity Lakes QLD, for a gross purchase price of $75.7 million at an initial yield of 4.50%. The modern, purpose-built day hospital is anchored by Queensland Health, providing a 6.6 year WALE and 100% occupancy (including rental guarantees). Facilities include six digitally integrated operating theatres, 24 consulting suites, physiotherapy, gym facilities, retail tenancies and a diagnostic imaging tenancy housing MRI, CT and X-Ray. Settlement is scheduled for December 2021. |
25/11/21 | The Fund has exchanged contract to acquire 77-97 Ricketts Road, Mt Waverley VIC, for $25.55 million. The Property is a value-add repositioning opportunity of an existing industrial facility into an ‘in vitro’ diagnostic manufacturing laboratory. The as-if complete value of the refurbished laboratory is $51.0 million at an initial yield on cost of 4.80%. The property will be c.90% leased (by GLA) to Paragon Care Ltd for a 15 year term. Settlement is scheduled for December 2021. |
29/10/21 | CHPF settled 49 Benaroon Crescent, St Ives NSW, for a purchase price of $3.3 million. The Property is 100% leased to dementia care provider Group Homes Australia on a on a 20 year lease, and a fully let passing yield of 5.00%. |
29/10/21 | CHPF settled 3 Garrick Road, St Ives NSW, for a purchase price of $4.0 million. The Property is 100% leased to dementia care provider Group Homes Australia on a on a 20 year lease, and a fully let passing yield of 5.00%. |
24/09/21 | The Fund has now settled 38-44 Gap Road, Sunbury VIC for $28.575 million at an initial yield of 4.49%. The property is 100% leased by a variety of health and health-related service providers with a WALE of 8.0 years. |
17/09/21 | Centuria Healthcare Property Fund is now temporarily closed for applications. The Fund completed the land acquisition of 2-14 Wilson Street, 2A Lamington Road and 763 Sturt Street, West End QLD (WestState Private Hospital) for $10.0 million. Weststate Private Hospital is a fund-through opportunity for a total purchase price of $60.5 million at an initial yield of 6.0%. The fund-through is a 5-storey architecturally designed, purpose-built hospital comprising four operating theatres, one procedure room, 19-day beds and 26 overnight beds, and brownfield development of existing building to consulting suites. The Property will have a 25-year WALE at practical completion and will be 100% leased to Weststate Private Hospital. |
13/09/21 | The Fund has exchanged contract to acquire 38-44 Gap Road, Sunbury VIC for $28.575 million at an initial yield of 4.49%. The property is 100% leased by a variety of health and health-related service providers with a WALE of 8.0 years. |
10/09/21 | The Fund settled 411 Nepean Highway, Frankston, VIC for a purchase price of $12 million at an initial yield of 4.9%. The property is 100% leased to Victorian State Government public health service, Peninsula Health, with a WALE of 7.8 years. |
09/09/21 | CHPF settled 275 Addison Road, Petersham NSW for $8.45 million at an initial yield of 5.1%. The property is 100% leased to Metro Rehab with a WALE of 12.8 years. Metro Rehab is 100% owned by Royal Rehab, a large, not-for-profit healthcare provider operating since 1899, and highly regarded for its specialist rehabilitation in brain injury and spinal cord injury. It also provides community and disability services. |
03/09/21 | CHPF settled Perth Clinic, West Perth WA for $50.1 million, at an initial yield of 4.05%. The property is 100% leased with a WALE of 11.6 years. Perth Clinic is Perth’s largest mental health hospital which has been operational since 1996. |
30/08/21 | Nicholas Collishaw has resigned from his position as Non-executive Director of Centuria Property Funds No.2 Limited. |
25/08/21 | The Fund has exchanged contract to acquire 275 Addison Road, Petersham NSW for $8.45 million at an initial yield of 5.1%. The property is 100% leased to Metro Rehab with a WALE of 12.8 years. Metro Rehab is 100% owned by Royal Rehab, a large, not-for-profit healthcare provider operating since 1899, and highly regarded for its specialist rehabilitation in brain injury and spinal cord injury. It also provides community and disability services. |
02/08/21 | Centuria Healthcare Property Fund will temporarily open for applications from 9 August 2021. |
22/07/21 | The Fund has exchanged contract to acquire Perth Clinic, West Perth WA for $50.1 million at an initial yield of 4.05%. The property is 100% leased with a WALE of 11.6 years. Perth Clinic is Perth’s largest mental health hospital which has been operational since 1996. |
16/07/21 | The Fund has exchanged contract to acquire 411 Nepean Highway, Frankston, VIC. The property is 100% leased to Victorian State Government public health service, Peninsula Health, on an 8-year lease. The property will be acquired for a purchase price of $12 million at an initial yield of 4.9%. |
12/07/21 | The estimated liquidity available for the December quarter is 0.5% of Fund’s NAV. |
01/07/21 | Jennifer Cook has been appointed as an Independent Non-executive Director of Centuria Property Funds No.2 Limited. |
15/06/21 | CHPF settled 18 Lisa Crescent, Castle Hill, NSW, for a net purchase price of $1.96 million. The Property will undergo development totalling $1.73 million and will be leased to dementia care provider Group Homes Australia on a 15-year lease, reflecting a fully let passing yield of 5.75%. During the development, the tenant will pay 75% of the fully let passing yield. |
11/06/21 | CHPF settled 35 Chiltern Crescent, Castle Hill, NSW, for a net purchase price of $2.0 million. The Property will undergo development totalling $1.74 million and will be leased to dementia care provider Group Homes Australia on a 15-year lease, reflecting a fully let passing yield of 5.75%. During the development, the tenant will pay 75% of the fully let passing yield. |
01/04/21 | The estimated liquidity available for the June quarter is 5% of the Fund’s NAV. The actual amount available to satisfy withdrawal requests is determined as at the day before the withdrawals are processed (i.e. after the end of the quarter). |
31/03/21 | CHPF has now settled Cairns Day Surgery, 156-160 Grafton Street, Cairns QLD, for a net purchase price of $21.6 million. |
12/03/21 | The Fund has now settled Coffs Harbour Medical Centre, 343 Pacific Highway, Coffs Harbour NSW for a purchase price of $23 million. |
15/02/21 | Centuria Healthcare Property Fund will temporarily open for applications from 11 March 2021. |
12/02/21 | Centuria Healthcare Property Fund has now contracted to acquire Coffs Harbour Medical Centre, 343 Pacific Highway, Coffs Harbour NSW for a purchase price of $23m. The settlement is anticipated on or earlier than 31 March 2021. |
11/01/21 | The estimated liquidity available for the March quarter is 0.5% of Fund’s NAV. |