Media centre
19.07.2017
Unveiling a fresh face for our Infinite Homes
The Heathley Aged Care Property Fund has completed brownfield refurbishments at two of its Infinite Care properties.
13.07.2017
Centuria acquires key assets for $150 million; announces capital raising
Centuria Metropolitan REIT purchases Perth and Melbourne commercial properties as part of growth strategy Centuria Property Funds today announced that its listed office fund, Centuria Metropolitan REIT (ASX: CMA), has made three major acquisitions in Perth and Melbourne. The acquisitions mark Centuria’s first foray into the Perth office market, and strengthen CMA’s lead as the largest pure-play metropolitan fund manager in the market.
19.06.2017
Centuria Healthcare Direct Medical Fund No. 1 – closes for investment
After a two and a half year Investment Period, Centuria Healthcare’s first “Direct Medical Fund” has successfully reached its target value and closed for investment. The Fund will now be actively managed throughout the Portfolio Management Period, being up to 4 ½ years from July 2107.
14.06.2017
Centuria Metropolitan REIT and Centuria Urban REIT to merge
Overwhelming investor support: 99.9 per cent positive unitholder vote Centuria’s listed property division today announced it will merge its two listed property trusts, Centuria Metropolitan REIT (ASX: CMA) and Centuria Urban REIT (ASX: CUA). Separate unit holder meetings conducted this morning saw unitholders for both funds vote to merge their respective REITs with over 99.9 per cent approval.
03.06.2017
High yield, low risk. Centuria’s latest unlisted property trust three times oversubscribed
Huge investor demand for the Scarborough House Fund sees it closed early to new investors. Centuria Capital today announced that its unlisted property trust, the Centuria Scarborough House Fund, (the Fund), is oversubscribed due to unprecedented demand. Centuria received demand for $150 million of equity with only $46 million of equity on offer and it was closed to new investors after 5 days.
05.04.2017
Projected improvement in Brisbane office market fundamentals drives unlisted fund
Centuria has purchased 1231 Sandgate Road, Nundah for $106.25 million to form a new unlisted property fund Centuria Property Funds today announced the launch of its latest unlisted fund, Centuria Sandgate Road Fund (the Fund). The property was acquired this week for $106.25 million. Combined with other acquisitions made this financial year, it will increase Centuria Capital’s total funds under management (FUM) by $457 million to $3.8 billion.
23.03.2017
Trust Manager, Centuria Industrial REIT
Centuria is pleased to announce the appointment of Mr Ross Lees as Trust Manager, Centuria Industrial REIT. Mr Lees will commence with Centuria on Monday, 10 April 2017. Mr Lees joins Centuria from Dexus where he held senior transactional and portfolio management roles in the Industrial sector. Mr Lees’ prior experience also includes over six years at Stockland in national valuation and transactional roles and four years at Logos Property Australia establishing and leading their asset management platform.
19.03.2017
Heathley Keystone Property Fund No. 34 – Fund returns IRR of 27% on windup
The Manager has successfully completed the sales campaign in accordance with the Fund’s strategy, exchanging unconditional contracts for all three of the properties, providing a 27% investor IRR.
09.02.2017
CMA Announces Strong 1H17 Interim Result
Centuria Property Funds Limited (CPFL), as Responsible Entity of Centuria Metropolitan REIT (CMA) announced CMA’s half year financial results ended 31 December 2016. Key Highlights Statutory net profit of $27.1 million Distributable earnings[1] of $10.9 million representing 9.1 cents per security (“cps”) Increase in total assets of 14.2% to $440.6 million Net tangible assets (“NTA”) has increased by 14 cps to $2.32 per security CMA’s portfolio value has increased by 4.7% to $417.5 million[2] Gearing 33.8%[3],
23.01.2017
Centuria divests 200 Creek Street, Brisbane
Centuria Property Funds today announced that it has sold its commercial office tower at 200 Creek Street, Brisbane, for $38.7 million. The property has been purchased by Sentinel Property Group. Jason Huljich, CEO of Unlisted Property at Centuria, said: “We purchased the property in 2011, and since then we have carried out a series of upgrades and refurbishments designed to make the building more appealing to tenants.
19.01.2017
Heathley Medical Property Fund No. 1 – Property sold
Heathley is pleased to announce that the Heathley Medical Property Fund No.1 settled the sale of its only property, 20-22 Mons Road, Westmead NSW. delivering investors a 22% IRR.
22.11.2016
Group Homes Australia and Centuria Healthcare Announce Property Partnership
Centuria Healthcare agrees to fund the purchase and development of Group Homes Australia residences. The properties will provide attractive diversification benefits to the existing Centuria Healthcare Aged Care Property Fund No. 1 portfolio and exposure to a progressive model of specialist dementia care and highly reputable aged care operator. Group Homes Australia, the first Australian model to offer dementia and high care in a group-home environment,
