818 Bourke Street in Melbourne’s Docklands is an A-grade office building, comprising nine levels with a ground level retail offering. Centuria’s Office REIT (ASX:COF) acquired the asset in December 2018 and has since initiated value-add capital works, which provide tenants with better wellness, connectivity and sustainability measures.
These initiatives include:
Rooftop gardens and open-air workout space complete with BBQs,
Read More
Adeney Private Hospital, Kew
A new no gap
1 private hospital breaks ground in Kew (Melbourne, VIC)
Doctor-Medibank JV operator; 20 year lease; Developed by Centuria; Owned by CPP
Four operating theatres, an endoscopy theatre, 30 beds, radiology and an infusion (chemo) clinic
Four storey healthcare building provides c.4,700sqm GLA
2;
Read More
In this edition, we highlight our strong FY22 full year results, provide details of our recently launched unlisted funds in Australia and New Zealand, outline some of our recent ESG undertakings as well as highlight recent acquisitions. Our video articles include text transcripts or subtitles for those who prefer to read our news.
We welcome receiving constructive feedback so feel free to contact us at reception@centuria.com.au.
Read More
Seven real estate verticals help deliver on FY22 earnings and distribution forecasts
Delivered on FY22 guidance: operating earnings 14.5cps
1(+20.8% pcp), distributions 11.0cps (+10% pcp)
$20.6bn
2 AUM (+18%pcp); Real estate platform: $13bn unlisted and $6.8bn listed funds
$3.1bn
3 FY22 gross real estate activity; $1.0bn valuation increase; $2.1bn development pipeline
4
Seven real estate verticals all contributed to record growth across listed and unlisted funds in AU and NZ
FY23 Guidance: operating earnings in line with FY22 at 14.5 cps,
Read More
Strong employment growth and returning office workers provide positive tailwinds
$115m statutory net profit (+50% FY21); $37.9m valuation increase
1; 41,200sqm+ leased
2 (13.6% NLA)
18.2cpu FFO, 16.6cpu distribution, consistent with FY22 guidance
Portfolio provides 23 high quality assets worth $2.4bn
3; 90% are A-Grade buildings, av. 16 years old
94.7% occupancy
4,
Read More
Upcycled to local and international charities
Andrew Hemming, Centuria Healthcare Managing Director, said, “We invest in sustainable properties and often this includes fund-through developments to ensure a fit-for-purpose asset that suits an operator’s needs. This Kew development provided us with an opportunity to further extend our sustainability reach by upcycling and recycling equipment that would otherwise be landfill.
Read More
Centuria has resumed its quarterly newsletters. In this edition, we highlight the strong interim results for our listed entities, feature one of our new development projects, provide details on recent ESG undertakings as well as highlight recent acquisitions across several asset classes. Our video articles also include text transcripts or subtitles for those who prefer to read our news.
Read More
by John McBain, Joint CEO
We have passed a significant milestone on the road to Australia’s economic recovery as we reached the two year anniversary since Australia and New Zealand shut their international borders on 20 March 2020 and 19 March 2020, respectively. Adding to this milestone is the good news Western Australia has reopened its borders to domestic travellers earlier this month.
Read More
Commercial Property Leasing – Subscription
Centuria have leasing opportunities across Australia for Office, Industrial and Healthcare properties.
You can now subscribe to specific leasing alerts.
Read More
Development begins on North Queensland’s newest private hospital
$60m Weststate Private Hospital breaks ground at former Townsville West State School site
Focused on lowering out-of-pocket expenses; main procedures: orthopaedics e.g. joint replacements
Four operating theatres, one procedure room, 19 day beds and 22 overnight beds
100% occupied
1 to a new, local surgeon/medical group on 25 year lease
2
Two acre site amalgamates six land parcels;
Read More
