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Centuria Sydney CBD
Prime Office Fund

Fund status: Opening soon

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Centuria Sydney CBD
Prime Office Fund

Fund status: Opening soon

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Gain exposure to an A-grade office tower in Australia’s largest office market being acquired at an attractive entry point – giving investors the opportunity for regular, monthly income today along with the potential for capital growth over the medium-to-long term.

 

 

Wholesale investor?

Wholesale units in the Centuria Sydney CBD Prime Office Fund are also on offer for investors who qualify as wholesale investors.

locations7.50% p.a.
forecast distribution yield in FY27 and FY281
shield3.6-year
WALE (by net income)2
timeframe90%
tax-deferred in FY273
greenhouse5-year
initial Fund term4

Research rating

The Centuria Sydney CBD Prime Office Fund has obtained a Recommended rating from Core Property Research.5

View Research Report


Property overview

A landmark Sydney CBD office tower that includes two institutionally developed, owned and managed buildings at 680 George Street and 50 Goulburn Street.

  • Seamlessly integrated into the vibrant World Square complex, Sydney CBD’s second largest retail destination.
  • Immediate access to major rail and metro infrastructure, including the Gadigal Metro Station, Town Hall Station, Museum Station and the Light Rail running along George Street.
  • 67,707 sqm of A-grade office accommodation in landmark office development constructed in 2005 and recently refurbished.
  • Being acquired at a 7.50% capitalisation rate – an attractive entry point relative to similar Sydney CBD office buildings.6
  • 88% leased with rental income underpinned by 26 tenants from government, ASX-listed, national and multi-national organisations.7
  • Located in Midtown, Sydney CBD’s strongest performing precinct for net absorption in 2025.8
  • Impressive sustainability credentials including a 6-Star Waste Rating, 5-Star NABERS Energy rating, 4-Star Green rating and a pathway to achieve Carbon Neutral Certification.

This prime-grade office property aligns directly with current occupier requirements for high quality workplaces, transport-led accessibility, amenity-rich surroundings and strong sustainability credentials – positioning the Property for long-term value and resilience.

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Express interest

Complete this form to register your interest and receive a copy of the Centuria Sydney CBD Prime Office Fund Product Disclosure Statement.

*indicates a required field.

Important information

Risks

All investments in unlisted property funds carry risk. As the Fund invests in office property it carries risks associated with investing in this sector, including property market conditions, leasing risk,
valuation movements and interest rate risk. As a geared investment, the Fund also carries associated financial and leverage risks. Risks can impact on distribution and capital returns over the term of the Fund. It is important that you read the PDS and understand the risks of investing. Centuria and its associates will receive fees in relation to an investment in the Fund as disclosed in the PDS. Investment in the Fund is subject to risks including possible delays in payment or loss of income and principal invested. Centuria does not guarantee the performance of the Fund.

Liquidity/Fund term

Investors cannot withdraw their investment during the five-year initial investment Fund Term. The initial Fund term may be extended – refer to the terms and conditions in the PDS.

1. The distribution forecast is for the first two financial years from the assumed settlement date of the property on 1 September 2026 to 30 June 2028. Forecast distributions shown are annual and pre-tax. Distributions will be paid if declared by Centuria Property Funds No. 2 Limited ACN 133 363 185 AFSL 340304 (Centuria) as the responsible entity for the Centuria Sydney CBD Prime Office Fund ARSN 696 580 533 (Fund) and will be subject to the terms, assumptions and risks set out in the Product Disclosure Statement (PDS). The forecast distribution rate is predictive in nature and is subject to assumptions, risks and circumstances (both known and unknown) outside of the control of the Fund. These assumptions include that all tenants will satisfy their contractual obligations under their respective leases within a timely manner, and there are no significant unforeseen capital costs or material changes to the Fund’s financial obligations. The actual returns may differ from the target/forecast return. Centuria does not guarantee the performance of the Fund,
the repayment of capital or any income or capital return. Past performance is not reliable indicator of future performance. In addition, given the current volatility in interest rate forecasts, should interest rates normalise at higher (or lower) than forecast levels, target/forecast distributions may be revised.

2. As at 11 May 2026 and includes a two-year vendor rental guarantee over the vacant 8,004 sqm of office space (12% of the Property’s Net Lettable Area (NLA)) and 159 car bays.

3. Projected tax deferred distributions are estimates only and subject to Australian taxation law and the Fund’s future performance. Tax deferrals will reduce an investor’s cost base for CGT purposes.

4. Investors cannot withdraw their investment during the five-year initial investment Fund term. The initial Fund term may be extended subject the terms of the Information Memorandum. Refer to the terms and conditions in the PDS.

5. The Core Property rating (assigned in August 2025) presented in this document has been prepared and issued by Core Property Research Pty Ltd (“Core Property”), which is an Authorised Representative ASIC number 1280479 of Core Property Research Holdings Pty Ltd (ACN 633 170 751, AFS License No. 518320) (Licensee), and trading as Core Property. Whilst the information contained in the report has been prepared with all reasonable care from sources that Core Property believes are reliable, no responsibility or liability is accepted by Core Property for any errors, omissions or misstatements however caused. Past performance information is for illustrative purposes only and is not indicative of future performance. The Core Property publication is not and should not be construed as, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information only. Neither Core Property nor the Participant is aware that any recipient intends to rely on this Report or of the manner in which a recipient intends to use it. To access the full report, please visit www.coreprop.com.au. The rating is subject to change without notice and Core Property assumes no obligation to update the report.

6. Based on an independent valuation, the Property Interest is being acquired at a market capitalisation rate of 7.50%. Recent Sydney CBD office transactions have occurred at yields closer to 5.50%–6.50%.

7. As at 28 April 2026. Occupancy levels, lease terms and tenant mix may change over time.

8. Midtown recorded approximately 33,000 sqm of net absorption in 2025, the strongest of all Sydney CBD precincts. Source: JLL Research 2026.

Disclaimer: Centuria Property Funds No. 2 Limited ACN 133 363 185 AFSL 340304 (Centuria) is the responsible entity for the Centuria Sydney CBD Prime Office Fund ARSN 696 580 533 (Fund). Centuria is a wholly owned subsidiary of the Centuria Capital Limited ACN 095 454 336 (Centuria Capital Group) (ASX:CNI). You should obtain and read a copy of the Product Disclosure Statement (PDS) relating to the Fund before making a decision to invest. The PDS for the Fund is available from Centuria’s website (www.centuria.com.au). The information in this communication is general information only and does not take into account the objectives, financial situation or particular needs of any person. You should consider whether this information is appropriate for you and consult your financial or other professional advisor before investing. A Target Market Determination has been issued for this product and is available on Centuria’s website at: centuria.com.au/DDO/. Centuria and its associates will receive fees in relation to an investment in the Fund as disclosed in the PDS. Investment in the Fund is subject to risks including possible delays in payment or loss of income and principal invested. None of Centuria, its associates or directors guarantee the performance of the Fund, the repayment of capital or any income or capital return. Past performance is not indicative of future performance. You may contact Centuria by email at contactus@centuria.com.au or telephone 1300 22 44 24.