Centuria secures sales premiums in urban markets

Capitalises on demand for assets benefitting from urban regeneration South Eveleigh Office and Robina Childcare Centre, achieve 14% and 4.7% premiums¹, respectively Private investors acquire commercial assets benefiting from regeneration, proximity to residences and education Centuria delivers on value-add strategies for unlisted funds’ unitholders ASX-200 listed Centuria Capital Group (ASX: CNI or “Centuria”) has achieved above prior book value sales premiums¹ for two urban assets in Sydney and the Gold Coast, Read More

PCA’s 500 Women in Property

This year, the Property Council of Australia (PCA) accepted all Centuria nominees for its 500 Women in Property program. This initiative is designed to help existing PCA members to identify and champion women in their organisation or business sphere, who they believe would benefit from further networking and professional development opportunities. The program aims to accelerate more women into leadership positions in the property industry through sponsorship of high-potential talent. Read More

COVID-versary: The pros and cons of the pandemic’s impact on property

by Jason Huljich, Joint CEO Does it feel like a long-time ago or in the blink of an eye since the #covid19 pandemic took hold in Australia? Monday 20 March marked the three year anniversary of this black swan event, which has had a lasting effect on our commercial real estate sector – for better or worse. Read More

Centuria secures Guyra glasshouse

Group agriculture assets grow to $500m¹ Centuria Agriculture Fund “CAF” secures third asset, growing to $320m AUM Asset located in NSW with 15 year lease to ASX listed Costa Group subsidiary Harness demand for fresh food driven by expanding middle class population, domestically and abroad. Australasian real estate funds manager, Centuria Capital Group (ASX:CNI or “Centuria”) has secured a 20 hectare tomato glasshouse facility in Guyra NSW on behalf of its unlisted pure-play, Read More

Centuria’s alternative assets expand Group AUM to $21.2bn

HY23 results highlight strong capital management Agriculture and real estate non-bank finance underpin robust AUM growth Group total operating revenue up 14.6%¹ to $159.7m, 91% recurring revenue $248m cash & undrawn debt; Management fees up 13% to $73.2m² ; $1.0bn HY23 gross real estate activity³ HY23 delivered operating earnings per security (OEPS)⁴ of 7.4cps, Read More

Centuria Office REIT occupancy bolstered by significant leasing

Metro offices demand contrary to anecdotal WFH rhetoric COF leased 30,420sqm¹ across 35 deals in HY23, increasing occupancy to 96.4%, 150,000sqm+ leased since COVID-19 outbreak, over 50% of portfolio NLA Reaffirmed FY23 FFO guidance of 15.8 cpu², distribution guidance of 14.1 cpu² (8.8%³ distribution yield). Read More

CIP cements $181m partnership with Morgan Stanley vehicle

Co-investment across existing CIP owned prime grade industrial assets c.50% divestment across eight existing CIP assets, reflect a 4.7% divestment yield Sale proceeds used to reduce debt and strengthen CIP’s balance sheet Demonstrates continued demand for high quality urban infill industrial assets benefiting from rental growth New industrial fund expands Centuria’s existing institutional partnership, further diversifies capital sources. Read More

ESG at 825 Ann Street – Fortitude Valley

825 Ann Street¹, Fortitude Valley is an A-grade office building comprising 11 levels with a ground level retail offering. Positioned amongst Fortitude Valley’s commercial precinct, 825 Ann St provides tenants and visitors with close proximity to public transport, restaurants and the Valley’s famous nightlife. The Centuria team have focused on initiatives to reduce the asset’s environmental footprint, Read More

Centuria secures $36m Mackay industrial asset

Central Queensland acquisition capitalises on burgeoning regional logistics Purpose built distribution centre, 100% leased to Wesfarmers’ subsidiary, Blackwoods, 6.1 year WALE¹ Acquired on a 7.24% equivalent market yield Secured for a single asset, closed-ended fund, five year term, 6.50% p.a.² starting distribution Follows success of Centuria Industrial Income Fund No.1. Read More

Centuria tops out boutique Adelaide office development

Completion well-timed for returning workforce $42 million six storey, 4,600 sqm A-Grade boutique office building in the heart of Adelaide’s CBD tops out Development on target for early 2023 completion; as Adelaide’s workforce hits 71% occupancy¹ c.55% pre-leased; strong demand for new generation Prime office buildings in the SA Capital² Sustainable features target a 5 Star Green Star Rating and a 5.5 Star NABERS Energy Rating. Read More