Centuria Healthcare Property Fund – Continuous Disclosures

Download RG46 Disclosure and Quarterly Fund Update.

Date Continuous Disclosure
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.
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.
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.