Unlisted Property Funds

An unlisted property fund is a form of direct property investment that provides investors the opportunity to gain access to commercial property assets through an investment in a fund. By investing in an unlisted property fund, investors will receive units in the fund/trust which holds the property assets that are managed by a professional property investment manager such as Centuria. Unlike listed property funds, unlisted property funds are not traded on the Australian Securities Exchange (ASX). More information about unlisted property funds can be found below.

To find out more about unlisted property fund opportunities or to register for future opportunities please see our open offers below.

Changes to Reporting

Centuria is moving to better align its reporting frequency for closed ended unlisted property funds to the 6 monthly valuation cycle for the funds. Accordingly, reporting will move from quarterly to a 6 monthly reporting cycle with the next report due for period ending 31 Dec 2021. We are also moving to 6 monthly investor webinars to align with the new reporting frequency. Investors will continue to have access the investor services team and fund managers in between these reporting periods should they wish to discuss their funds in greater detail.

Centuria’s open ended unlisted property funds;  the Centuria Diversified Property Fund and the Centuria Healthcare Property Fund; will continue to report quarterly.

Open Offers

Centuria Government Income Property Fund No.2

The Fund is acquiring a 100% interest in an A-grade commercial office asset located within the vibrant harbourside destination of Port Adelaide, approximately seven kilometres from the Osborne Naval Shipyard.

Centuria Diversified Property Fund

The Centuria Diversified Property Fund is an open-ended unlisted property fund that aims to provide monthly tax effective income and long term capital growth by investing in office and industrial property assets located within Australia.

What are unlisted property funds?

Unlisted property funds can be categorised into two different structures:

  • Closed ended: In a closed-ended structure, investors will receive units at the commencement of the fund and generally cannot redeem until the underlying property is sold, proceeds are distributed and the fund is wound up. These are typically single asset funds and run for a fixed-term of 5-7 years. Centuria has a number of closed ended unlisted property funds that are typically single asset funds that invest in high value commercial property across Australia.
  • Open ended: In an open-ended structure, the property fund can continue to issue units and acquire new properties on an ongoing basis. The fund has a diversified portfolio of properties where there is no fixed-term of investment, meaning the fund remains open with no definite end date. Instead, investors are offered a liquidity facility where they can redeem part or all of their units in the fund at regular or certain times during the life of the fund. Centuria has two open ended unlisted property funds, the Centuria Diversified Property Fund (CDPF) and the Centuria Healthcare Property Fund (CHPF).

Benefits and Risks of Unlisted Property Funds

The benefits of unlisted property funds are that they have the potential to provide investors with returns in the form of capital gains and regular distribution (rental) income. They also enable investors to gain exposure to the commercial property market at a relatively low entry point without the requirement to manage the properties themselves. The key things to consider when investing in unlisted property funds are the liquidity of the fund, the gearing of the properties in the fund and understanding the individual properties held by the fund and their characteristics. You should also consider whether this general information is appropriate for you and consult your financial or other professional adviser before investing. For further independent information, please read the MoneySmart guide to investing in unlisted property schemes.

Latest Centuria Unlisted Property News

27.10.2021

Centuria and MA Financial JV Acquires Adelaide’s The Black Stump

Centuria Capital Group and MA Financial Group Limited have acquired an A-Grade Adelaide office building in a 50:50 joint venture.

26.10.2021

Centuria & Samaras Break Ground on $38m Apex Industrial Development

Joint development partners, ASX-200 listed Centuria Capital Group (ASX: CNI) and Samaras Group, were joined by City of Salisbury Mayor, Gillian Aldridge OAM, and steel manufacturing operator, Apex Group, to celebrate breaking ground on the new $38.25 million industrial development in Direk, South Australia.

21.10.2021

Centuria Healthcare’s new oncology facility receives WA’s first MR-Linac

Centuria Healthcare has celebrated a milestone in the development of its new oncology facility in Murdoch, Perth, with the delivery of Western Australia’s first MR-Linac.

21.09.2021

Centuria Healthcare Property Fund acquires $167m portfolio

Centuria Healthcare has further expanded its unlisted open-ended fund, Centuria Healthcare Property Fund (CHPF), with a seven-asset portfolio acquisition worth c. $167 million on a weighted average passing yield of 5.0%.

You are now leaving Centuria Australia
and entering Centuria New Zealand.

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