by Jason Huljich, Joint CEO of Centuria Capital Limited
One of the most attractive aspects of commercial real estate assets is their ability to generate consistent returns from rental income, which can make real estate focused investment vehicles very appealing to individual and institutional investors. In uncertain times, the threat to an asset’s ability to generate rental income is paramount to investor concerns,
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Five unlisted Centuria Capital real estate funds have dominated the ‘Top 10 Performing Core Funds’ in the recently released Property Council of Australia / MSCI Australia Unlisted Retail Quarterly Property Fund Index (PCA/MSCI Index).
The March 2020 Quarter results showed a continuation of Centuria’s past performance, with 4-6 of the property company’s funds making a continuous appearance in the Top 10 for the past 15 quarters.
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Industrial and commercial property sectors are on track to remain strong, assisted by the poor-performing retail sector and record low rates. But as Jason Huljich explains, not all markets are performing equally.
Commercial markets retain bullish outlook
Melbourne’s commercial sector is the most buoyant but there will be a lot of supply coming onto the city over the next three to four years.
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Centuria Metropolitan REIT (ASX: CMA) has entered an agreement to acquire the industry award winning Nishi building at 2 Phillip Law Street, Canberra for $256 million
1. Strategically located in the vibrant and gentrified NewActon Precinct, the A-Grade building expands CMA’s portfolio value to $2.1 billion. The acquisition enhances the portfolio’s WALE and occupancy and increases CMA’s exposure to Australia’s major office markets,
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Centuria Capital Group (Centuria) is pleased to announce:
Unconditional exchange to acquire 100% interest in 80 Flinders Street, Adelaide,
launch of new unlisted fund
Strong commencement to FY20 with $127 million acquisition – expands upon more
than $0.9 billion of Group transactions in FY19
Attractive commencing fund FY20 distribution yield of 6.50% p.a.
1,2
Fully leased prime building,
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Jason Huljich appointed joint CEO, alongside John McBain who remains in a full-time capacity as joint CEO
Ross Lees appointed Head of Funds Management
Centuria Capital Group (Centuria ASX: CNI) has announced two internal promotions effective 21 June 2019. Jason Huljich, previously Head of Real Estate and Funds Management, will join John McBain to co-lead the Group.
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A Specialist Healthcare Funds Management Vehicle
Centuria has entered the strongly performing healthcare real estate sector with its wholly-owned subsidiary, Centuria Platform Investments Pty Ltd, acquiring a 63.06% economic interest in Heathley Limited’s (Heathley) property funds management platform for $24.4 million.
The transaction has been funded from Centuria Capital Group’s balance sheet. On completion of the transaction,
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Purchase of 381 Macarthur Ave for $19.74 million
Centuria Capital Group (Centuria) has today announced the acquisition of 381 Macarthur Avenue, Northshore Hamilton, QLD. The new-build office, purchased by the Centuria Diversified Property Fund (CDPF, the Fund) for $19.74 million, is the Fund’s first direct property acquisition. Settlement is expected by the end of May 2019.
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The success Centuria has achieved with The Zenith highlights our strategy of identifying opportunities in strengthening markets where hands-on active management can make a difference, says Stuart Wilton.
Based in Sydney’s Chatswood, The Zenith is one of the city’s most in-demand metro office properties. We bought this A-Grade asset in July 2016 through our unlisted funds business for $279 million as a 50-50 joint venture with a private real estate fund managed by BlackRock.
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The Australian economy performed well in 2018 – growth accelerated, unemployment fell and construction activity remained strong. It was a busy year for commercial property as well. Beginning with largest ever takeover in corporate Australia – the $33 billion sale of Westfield to global property giant Unibail-Rodamco – the year ended with a major office property transaction,
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