Centuria Office REIT* – Commercial Property Investment

Centuria Office REIT (ASX: COF) offers investors a chance to invest in commercial property via a real estate investment trust (listed property trust). COF is Australia’s largest pure play office REIT (A-REIT) and is included in the S&P/ASX300 Index. COF has a geographically diversified portfolio of 23 high quality assets with a value of $2.0 billion*. The portfolio is predominantly exposed to metropolitan and near city office markets that are well connected to transport and lend themselves to affordable rents.

COF Investment Objectives

The primary objective for COF as a real estate investment trust is to generate sustainable and quality income streams, by executing initiatives to create value across a portfolio of quality Australian office assets.

COF has a young portfolio with the average age of buildings being approximately 16 years old. It benefits from a strong tenant profile, with around 80% of income being derived from Government, multinational corporations and listed company tenants.

* As at 31 December 2020

COF Strategic Vision and Objectives


About the Manager

Centuria Property Funds Limited (CPFL) is the Responsible Entity for COF and a wholly-owned subsidiary of Centuria Capital Group (ASX:CNI).

COF benefits from Centuria Capital Group being a hands-on, proactive manager, with in-house property and facilities management and deep leasing capability. COF accounts for 20% of Centuria Capital Group’s total assets under management. CNI** is COF’s largest unitholder providing a strong alignment between Centuria Capital Group and COF’s unitholders.

**Includes associates of Centuria Capital Group


Centuria Office REIT delivers solid HY21 Results

96.7%1 average rent collection for the period July – December 2020 Strong leasing activity with 28,306 sqm (9.3% of portfolio NLA) secured across 31 transactions2 Young portfolio with a 16.4-year average building age and average 4.8-Stars NABERS energy rating Provided FY21 Funds From Operation (FFO) guidance of 19.4 – 19.9 cents per unit (cpu)3 Reaffirmed FY21 DPU guidance at 16.5 cpu3  

Why investors are flocking to the suburbs

Centuria Office REIT (ASX: COF) Fund Manager, Grant Nichols, weighed into JLL’s research about the strength of decentralised office markets from an investment perspective. Listen to his interview on JLL’s Perspectives podcast. You can read the full article on JLL’s site too.

Centuria Announces Board Changes

Centuria has announced the appointment of Natalie Collins to the Boards of Centuria Property Funds No. 2 Limited (CPF2L), Centuria Life Limited (CLL) and Over Fifty Guardian Friendly. Roger Dobson has also been announced as the new Chairman of CPF2L. The appointments coincide with the reorganisation of several boards including: CPF2L is the Responsible Entity of Centuria Industrial REIT (ASX: CIP) Centuria Property Funds Limited (CPFL) is the Responsible Entity of Centuria Office REIT (ASX: COF).

Centuria Hosts JLL’s Latest Office Markets Findings

Centuria Capital was proud to host JLL’s Head of Research (Australia), Andrew Ballantyne, who delivered the latest findings on the future of the Australian office markets. More than 150 attendees registered for the JLL/ Centuria’s Australian office markets webinar last Thursday, which highlighted differing results and trends among CBD and Metropolitan office markets – particularly in terms of net absorption rates.