Media centre
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,
21.10.2016
PIR Awards – Centuria Unlisted Property Fund of year 2016
Centuria Fund wins Unlisted Property Fund of the year: PIR Awards Centuria Property Funds Limited (Centuria)’s 203 Pacific Highway Fund has received the prestigious Unlisted Property Fund of the Year 2016 accolade at the Property Investment Research (PIR) awards. It is the second year running that Centuria has received the fund of the year award, which last year was taken out by Centuria’s 8 Central Ave Fund No 2.
20.05.2016
Centuria announces major new unlisted property investment
Investors given opportunity to invest in iconic commercial asset on Sydney’s North Shore Centuria Property Funds Limited (Centuria) today announced that contracts have been exchanged on the Zenith, an institutional grade office asset located at 821 Pacific Highway, Chatswood. A new Centuria unlisted property fund, the Centuria Zenith Fund, will co-invest with global investment firm, BlackRock to acquire the property.
22.04.2016
Centuria Property Funds settle on landmark ATP acquisition after record investor interest
Centuria Capital today announced the settlement of Centuria Property Funds’ $104 million stake in the landmark Australian Technology Park (ATP) in inner city Sydney following record investor interest in its corresponding unlisted Centuria ATP Fund. Centuria received over $130 million of Investor interest for the available $62 million of equity, with the retail equity raising closing after only 6 days.
23.12.2015
Centuria Settles 203 Pacific Highway Acquisition
St Leonards is expected to perform strongly on the back of improved transport infrastructure and commercial space shrinkage due to residential conversions. Centuria Property Funds Limited today announces that it has settled the acquisition of 203 Pacific Highway, St Leonards for $86.05 million. The property has been acquired by two Centuria funds, the Centuria Metropolitan REIT (CMA) and the Centuria 203 Pacific Highway Fund (Fund) which will each acquire a 50 per cent leasehold interest in the asset.
