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.

Open Offers

136 Zillmere Rd Boondall

Centuria Industrial Income Fund No.1

A closed-ended Fund acquiring a 100% interest in three high-quality industrial assets located in Brisbane and Adelaide. The Fund is forecast to provide attractive, tax-effective distribution yields across an initial 6 year investment term.

381 Macarthur Ave Hamilton

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 a diversified portfolio of 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

14.01.2021

Centuria Diversified Property Fund Q&A

Looking for Income? Watch Fund Manager, Doug Hoskins, answer some key questions about the Centuria Diversified Property Fund and how it could fit into your investment portfolio. Tell us about this Fund How has the Fund’s performance tracked during the past twelve months? Why you would invest in this Fund? What’s the future outlook for this Fund?
16.12.2020

Centuria Secures $62.5m Industrial Portfolio for New Unlisted Fund

Three high-quality assets in core industrial locations within Brisbane and Adelaide 100% occupancy and 9.1-year portfolio WALE1 Six-year initial fund term with a 6.00% forecast distribution yield2 for the remainder of FY21, growing to 6.25%2,3 for the full FY22 year. Centuria’s AUM now valued at $10.1 billion.
04.11.2020

Centuria Healthcare Settles $115m worth of Real Estate

Centuria Healthcare has settled approximately $115m worth of day and short-stay hospitals for its recently launched open-ended unlisted Centuria Healthcare Property Fund (CHPF). The geographically dispersed assets that were settled within the past three weeks include three day and short-stay hospitals: the $55.5m Bloomfield Medical Centre in Orange, NSW, the $51.7m Vermont South Medical Centre in Vermont South,
02.11.2020

Why investors are flocking to the suburbs

Centuria Office REIT (ASX: COF) Fund Manager, Grant Nichols, weighed into JLL’s research about the strength of decentralised office markets from an investment perspective. Listen to his interview on JLL’s Perspectives podcast. You can read the full article on JLL’s site too.
28.09.2020

Centuria’s Unlisted Funds consistently reach Top 10 Index

For 16 consecutive quarters, Centuria funds have featured in the Top 10 MSCI/ PCA’s Unlisted Retail Quarterly Property Fund Index. Here, Head of Funds Management, Ross Lees, and fund managers, Stuart Wilton and Douglas Hoskins, explain the drivers behind the top performing funds: Centuria ATP Fund and Centuria 8 Central Avenue Fund No.2.
27.08.2020

Centuria launches $133m Open-ended, Unlisted Healthcare Fund

Today Centuria Capital Group (ASX: CNI or “Centuria”) has launched an unlisted, open-ended healthcare fund with six seed and pipeline assets1 worth $133m that benefit from 100% occupancy2 and a portfolio WALE of 6.7 years2. The fund, known as Centuria Healthcare Property Fund (CHPF), has a starting distribution yield of 5.75%3.