Centuria Healthcare Property Fund Investor Centre

If you are an existing investor, you can access information about your holdings on our Centuria Investor website. If you would like to invest in the Centuria Healthcare Property Fund, please use the online application form.

Significant Investor Visa (SIV) Compliant Fund

Implementation of the Significant Investor Visa (SIV) on 24 November 2012 by the Australian Federal Government is a great opportunity for people looking to migrate to Australia.

This legislation allows high net worth investors who invest at least $5 million Australian dollars into investments that meet the SIV guidelines to apply for permanent residence through the Business Innovation and Investment (Permanent) visa (subclass 888) Significant Investor stream if certain requirements are met.

The Centuria Healthcare Property Fund complies with the SIV guidelines.

Download the CHPF SIV Form 1413D.

Unit Prices

Unit Prices

Centuria Healthcare Property Fund

Download and read our Unit Pricing Policy.

Continuous Disclosures

Download RG46 Disclosure and Quarterly Fund Update.

Date Continuous Disclosure
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.
18/12/20 The Centuria Healthcare Property Fund will temporarily not be accepting new applications effective 5.00pm 18 December 2020 and until further notice. The Fund’s limited quarterly withdrawal facility will continue to be available during this time.
09/12/20 The Fund acquired 85% direct interest in Sundew Day Surgery located at 24 Sundew Rise, Joondalup WA. The remaining 15% interest in the property will be owned by Nexus Property Unit Trust (NPUT). The property value (100%) for Sundew Surgery is $12.65 million. Please refer to section 3.13 of the PDS for more information on NPUT.

Centuria Property Funds No. 2 Limited (Manager) as responsible entity of the Centuria Healthcare Property Fund (Fund) has entered into a co-owner’s agreement with Nexus Property Unit Trust in respect of Sundew Day Surgery. Under the co-owners agreement, no financial benefit is payable by the Fund. There are potential risks for investors associated with related party transactions, please see section 7 of the PDS for more details. More details of the Fund’s relationship with NPUT can be found in section 3.13 of the PDS. The co-owners agreement was subject to the Manager’s conflicts-of-interest policy and is on arm’s-length terms. A copy of the co-owners agreement is available by contacting the Manager at +61 2 8923 8923.

01/12/20 Notice of Unit Pricing Blackout Period – Centuria Healthcare Property Fund (CTR0438AU).

Please note that there will be a unit pricing blackout period for the above-mentioned fund over the Christmas period for the following dates 29/12/2020 – 31/12/2020.
The delayed prices will be provided between 4/1/2021 and 6/1/2021.

04/11/20 The Centuria Healthcare Property Fund will temporarily be accepting new applications effective 12 November 2020 until further notice.
30/10/20 The Fund acquired two properties, Hobart Day Surgery and Vermont South Medical Centre.

CHPF now owns 85% direct interest in Vermont South Medical Centre and 15% indirect interest in the property via Nexus Property Unit Trust (NPUT). The property value (net, 100%) for Vermont South Medical Centre is $51.7 million. In addition, CHPF also acquired a 85% direct interest in Hobart Day Surgery which is valued at $5.6 million (100%). Please refer to section 3.13 of the PDS for more information on NPUT.

Centuria Property Funds No. 2 Limited (Manager) as responsible entity of the Centuria Healthcare Property Fund (Fund) has entered into a co-owner’s agreement with Nexus Property Unit Trust in respect of Vermont South Medical Centre located at 645-647 Burwood Highway, Vermont South VIC and Hobart Day Surgery located at 8 Warnerford Street, Hobart TAS.  Under the co-owners agreement, no financial benefit is payable by the Fund.  There are potential risks for investors associated with related party transactions, please see section 7 of the PDS for more details. More details of the Fund’s relationship with NPUT can be found in section 3.13 of the PDS.  The co-owners agreement was subject to the Manager’s conflicts-of-interest policy and is on arm’s-length terms. A copy of the co-owners agreement is available by contacting the Manager at +61 2 8923 8923.

15/10/20 The Fund acquired 85% direct interest in Bloomfield Medical Centre and 15% indirect interest in the property via Nexus Property Unit Trust (NPUT). The property value (net) for Bloomfield Medical Centre is $55.5 million. Please refer to section 3.13 of the PDS for more information on NPUT.

Centuria Property Funds No. 2 Limited (Manager) as responsible entity of the Centuria Healthcare Property Fund (Fund) has entered into a co-owner’s agreement with Nexus Property Unit Trust in respect of Bloomfield Medical Centre located at 1521 Forest Road, Orange NSW.  Under the co-owners agreement, no financial benefit is payable by the Fund.  There are potential risks for investors associated with related party transactions, please see section 7 of the PDS for more details. More details of the Fund’s relationship with NPUT can be found in section 3.13 of the PDS.  The co-owners agreement was subject to the Manager’s conflicts-of-interest policy and is on arm’s-length terms. A copy of the co-owners agreement is available by contacting the Manager at +61 2 8923 8923 .

07/10/20 The estimated liquidity available for the December quarter is 0.5% of Fund’s NAV.
30/09/20 The Centuria Healthcare Property Fund will temporarily not be accepting new applications effective 2.00pm 30 September 2020 and until further notice. The Fund’s limited quarterly withdrawal facility will continue to be available during this time.
27/08/20 The PDS is now available for investment. Access a copy of the PDS.

PDS & Forms

Please download the PDS or appropriate forms from below for the Centuria Healthcare Property Fund.

document
This Target Market Determination (TMD) is required under section 994B of the Corporations Act 2001 (Cth) (the Act). It sets out the class of consumers for
whom the product, including its key attributes, would likely be consistent with their likely objectives, financial situation and needs.
Document
Download the Centuria Healthcare Property Fund PDS (including application forms)
For existing investors to make an additional investment (minimum amount $1,000) into the Centuria Healthcare Property Fund
Document
Withdrawal requests for the Centuria Healthcare Property Fund must be received by 2pm on the last business day of the quarter to be processed in the following month.
Document
Set up regular direct debit from your bank account into Centuria Healthcare Property Fund
document
Please print, complete your details associated with this application, sign and upload the signature verification document with your online application.
To be completed to appoint or change your Australian Financial Services Authorised Representative (Adviser)
Document
Existing investors can reinvest their distributions and create a distribution reinvestment plan
Document
Provide us with guardian details for a registered holder that is not yet the legal age of consent
Document
Notify us of a death of an investor on our register
Document
Provide your Tax File Number (TFN) for your investment
Document
Existing investors can nominate a bank account for distribution payments or funds to be paid into
Document
Update address details
Document
Consolidate any holdings registered in your name
Document
Individuals to request a replacement certificate
Document
Update your contact details
Document
Executors/administrators to request a replacement certificate
Document
Companies to request a replacement certificate
Document
Nominate a representative to attend any unitholder meetings on your behalf
Document
Where Probate/Letters of administration have been granted in an Australian Territory or State other than where the securities are registered.
Document
Update or correct your name
Document
Nominate to receive all unitholder communication electronically
Document
Record your Tax Residency in accordance with the Foreign Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS).

All forms for investors and advisers are also available via Centuria Investor website.

In order to login you will need your Reference Number and password.  If you have forgotten your Reference Number or password, or have not registered for access, please contact the Centuria Investor Services Team on:

Telephone: 1800 182 257

Email: Property.Enquiry@CenturiaInvestor.com.au

If you have any questions please do not hesitate to contact the Investor Services Team on (02) 8923 8923 or contactus@centuria.com.au.

Application & AML Guidance

Which form?

There are three identification forms that follow the application form:

    • Individuals, Joint, Sole Trader
    • Australian Companies
    • Trusts, Trustee & SMSFs.

Choose the form that is applicable to your investment entity. Please note, partnerships, associations, cooperatives, foreign companies or Government bodies should contact the Centuria Investor Services Team for the most applicable application form.


New Investors

Individual Investors

  • Application Form
  • Investor Identification Form 1 (Applicant 1)
  • Tax Information Form
  • Originally certified ID document(s) for Investor 1 named in Identification Form 1 – Individuals, Joint, Sole Trader.
  • Include all forms and certified copies of your ID documents with your initial application form when you send it to us.
  • Please refer to the FAQs for more information on getting your original documents certified.

Joint Investors

  • Application Form
  • Investor Identification Form 1 – Individuals, Joint, Sole Trader (complete both Applicant 1 & 2)
  • Tax Information Form
  • Originally certified ID document(s) for both Investor 1 and Investor 2 named in Identification Form 1 – Individuals, Joint, Sole Trader.
  • Include all forms and certified copies of your ID document(s) with your initial application form when you send it to us.
  • Please refer to the FAQ’s for more information on getting your original documents certified.

Australian Company Investors

  • Application Form
  • Investor Identification Form 2 – Australian Companies
  • Tax Information Form
  • Originally certified ID documents for ALL individuals named in Section 1.5 of Identification Form 2 – Australian Companies. Note that if there are no individuals who own or control more than 25% of the company, complete the names of the individual(s) who directly or indirectly control the company.
  • Full ASIC Company extract (the ASIC extract is used to verify that the beneficial owners listed on the form are correct)
  • Include all forms and certified copies of your ID document(s) with your initial application form when you send it to us.

Joint individual investors as Trustees for a Regulated Trust (including SMSF)

  • Application Form
  • Investor Identification Form 3 – Trusts, Trustees & SMSFs
  • No trust documents are required for complying SMSFs that have provided a valid ABN for the SMSF confirming that it is a complying SMSF.
  • Include all forms with your initial application form when you send it to us.

Company as Trustee for a Regulated Trust (including SMSF)

  • Application Form
  • Investor Identification Form 3 – Trusts, Trustees & SMSFs
  • No certified identification documents are required for complying SMSFs that have provided a valid ABN for the SMSF confirming that it is a complying SMSF.
  • Include all forms with your initial application form when you send it to us.

Individual investor(s) as Trustee(s) for an Unregulated Trust

Unregulated Trusts include family trusts, unit trusts and testamentary trusts.

  • Application Form
  • Investor Identification Form 3 – Trusts, Trustees & SMSFs
  • Tax Information Form
  • Originally certified ID document(s) for ALL of the following individuals:
    • ONE trustee named in Section 2.1 of Identification Form 3 and
    • The Appointer named in Section 1.2 of Identification Form 3 and
    • The Settlor named in Section 1.2 of Identification Form 3 (if any)
  • Originally certified copy of Trust Deed or other Acceptable Document outlined in Section 1.6 of Identification Form 3.
  • Include all forms and certified copies of your ID document(s) with your initial application form when you send it to us.
  • Please refer to the FAQ’s for more information on getting your original documents certified.

Company as Trustee for an Unregulated Trust

Unregulated Trusts include family trusts, unit trusts and testamentary trusts.

  • Application Form
  • Investor Identification Form 3
  • Tax Information Form
  • Originally certified ID document(s) for the following individuals:
    • ALL Beneficial Owners of the corporate trustee named in Section 4.5 of Identification Form 3 and
    • The Appointer named in Section 1.2 of Identification Form 3 and
    • The Settlor named in Section 1.2 of Identification Form 3 (if any)
  • Full ASIC Company extract (the ASIC extract is used to verify that the beneficial owners of the corporate trustee are correct) Originally certified copy of Trust Deed or other Acceptable Document outlined in Section 1.6 of Identification Form 3.
  • Include all forms and certified copies of your ID document(s) with your initial application form when you send it to us.

Please refer to the FAQ’s for more information on getting your original documents certified.


Existing Investors

Please note that from 1 July 2017, there are new investor disclosure requirements relating to investor’s current tax residency status. The Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) are regulatory requirements that aim to deter tax evasion by US and other foreign taxpayers. All financial institutions (including fund managers such as Centuria) now have an obligation to report on foreign individuals for tax purposes. As such if you have not had a new investment with us since 1 July 2017 you will need to complete the Tax Information form enclosed in the application.

Individual Investors

  • Application Form
  • Tax Information Form

Joint Investors

  • Application Form
  • Tax Information Form

Australian Company Investors

  • Application Form
  • Tax Information Form

Joint investors as Trustees for Self-Managed Superannuation Fund

  • Application Form

Company as Trustee for Self-Managed Superannuation Fund

  • Application Form

Joint Investors as Trustees for Family Trust (other trust type)

  • Application Form
  • Tax Information Form

Company as Trustee for Family Trust (other trust type)

  • Application Form
  • Tax Information Form.

Frequently Asked Questions

How do I apply for units in the Fund?

To apply to become an Investor you should read the Product Disclosure Statement (PDS) in its entirety. Applications can be then made via the post or through our online application. For full details on how to apply please download or request a hardcopy PDS and follow the instructions. The minimum investment for units in the Fund is $10,000. Applications will be processed on a daily basis and unit confirmations will be sent thereafter.

When are distributions paid and can they be reinvested?

It is intended that the Fund will pay distributions to investors on a monthly basis. Distributions will usually be paid into Investor’s bank accounts by the 10th day of the following month.

Investors will have the opportunity to participate in a distribution reinvestment plan (DRP) enabling them to reinvest some or all of their distributions as additional units in the Fund.

Please refer to Section 3 of the PDS for further details on the Fund’s distribution and DRP policies.

Can I withdraw my units in the Fund?

The Fund is an open-ended fund that will have a limited quarterly withdrawal facility available to investors. The Withdrawal Price applicable is the Unit Price on the last Business Day of the quarter less any applicable Sell Spread and is generally paid by the 21st day of the following month. Withdrawals from the Fund may be scaled back, delayed or suspended in certain circumstances, including where the Fund has insufficient liquidity. It is expected that withdrawals requests will be satisfied from the Fund’s cash or realisation of the Fund’s A-REITs.

Please refer to Section 3 of the PDS for further details on the Fund’s withdrawal facility.

What is the Fund’s gearing policy?

The Fund may borrow to acquire Direct Property assets. The Fund may also invest in funds that are already geared. Gearing on a look-through basis will not exceed 55%. If the value of the Fund’s assets fall and look-through Gearing increases above this level, the Manager of the Fund will implement a strategy to restore the level of look-through Gearing to 55% or below. The Manager has a target look-through Gearing level of between 35%-49%.

What is the Fund’s valuation policy?

The Fund’s valuation policy is for the direct properties of the Fund to be independently valued at least once every 24 months. However independent valuations are required within two months if the Manager of the Fund believes a Property is likely to be subject to a material increase or decrease in value (i.e. greater than 5%). Where an independent valuation has not been done, a Director’s valuation is carried out every 6 months.

What are the forecast fees and expenses for the Fund?

Management fee: 0.80% per annum of the Fund’s Gross Asset Value. When the Fund invests in an underlying fund managed by the Manager of the Fund or a related entity that is already charging management fees, the Manager of the Fund does not take another fee that exceeds a total look-through fee of 0.80% per annum.
Expenses of the Fund (excluding Abnormal Expenses): capped at 0.35% p.a. of the Fund’s Gross Asset Value.
Performance fee: 20% of the outperformance of the Fund above a total return benchmark of 8.00% per annum (pre-tax, net of fees)
Establishment and placement fee: up to 2% of the total acquisition price of any property asset in which the Fund acquires a direct or indirect interest (multiplied by the Fund’s percentage of beneficial interest in that property). This excludes any agent’s fee paid by the Fund.
Sale fee:up to 0.50% of the sale price of any Property in which the Fund has a direct or Indirect Interest.

When will I receive an annual tax statement to complete my tax return?

The Fund will issue annual tax statements, providing a full breakdown of all distributions for the financial year. It is anticipated that the tax statements will be sent to investors by early September each year. Investors should wait to receive this statement before lodging their tax return. Please contact your tax advisor should you have any questions on the information contained within this statement.

What are tax deferred distributions?

Tax deferred distributions are generally available when the Fund’s distributable income is greater than its taxable income. This arises as the Fund is able to offset the distributable income against items such as depreciation on plant and equipment, capital allowances on the building structure, interest and costs during construction or refurbishment periods, and costs of raising equity.

Tax deferred distributions are generally non-taxable when received by investors and, as a result, are not included in your tax return for the year. However, the amount received reduces the cost base of your units in the fund, meaning that the amount is assessed as part of the capital gain when you eventually sell/withdraw your units.

As a result of tax deferred distributions you have greater access to your distributions when they are paid, as well as being able to take advantage of capital gains tax concessions when you hold the units for more than 12 months.

What is a Weighted Average Lease Expiry (WALE)?

The WALE is a commonly used term when looking at commercial property investments. It is the way of measuring the average time period in which all leases within a property, or portfolio, will expire. The WALE is calculated across all the tenants in a property and is weighted by either the tenant’s lettable area or the tenant’s income against the total combined area or income of the other tenants. A higher WALE indicates limited short to medium term vacancies, with a shorter WALE indicating possible multiple vacancies in the short to medium term.

Who do I speak to about my investment in the Fund?

Centuria Investor Services Team
1800 182 257

For international investors
Phone: +61 2 9290 9600

Email: Property.Enquiry@CenturiaInvestor.com.au

Fax:     +61 2 9279 0664

Mail:    GPO Box 3993, Sydney NSW 2001

How can I obtain historical statements, such as tax statements, distributions statements and/or transaction statements?

Investors:
https://centuriainvestor.com.au

If you have not yet registered yourself for access to the Centuria Investor website, please contact our Investor Services Team via Property.Enquiry@CenturiaInvestor.com.au OR phone us on 1800 182 257.

Financial Advisers:
https://www.adviserserve.com.au

Please contact our Investor Services Team via Adviser.Enquiry@CenturiaInvestor.com.au OR phone us on 1800 182 257.

Can I transfer my holding to another entity or person?

Yes, a transfer takes place when you decide to sell all or part of your investment to another person or entity. A transfer is a change of ownership of units within the same fund. Please seek financial advice.

Please note that when a transfer takes place, our registry treats this as a new holding, even if it is a simple name change with the same trustees or company directors. Therefore all banking details, tax file numbers, Australian business numbers (ABNs) and adviser details will need to be provided on the new transfer form.

If you have any questions in relation to the transfer of your units, or wish to receive a transfer form, please do not hesitate to contact our Investor Services Team. If you are an investor, please contact us via Property.Enquiry@CenturiaInvestor.com.au OR phone our team on 1800 182 257. If you are an adviser, please contact our Investor Services Team via Adviser.Enquiry@CenturiaInvestor.com.au OR phone us on 1800 182 257

Contact

Fund Administration

For enquiries regarding your investment in CHPF and the Centuria Investor portal. Have your investor number ready.

P: 1800 182 257
E: Email Registry

Investor Services Team

For enquiries regarding the management of the fund, including performance, strategic direction and property portfolio.

P: 1300 224 424
E: Email Investor Services

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