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

Centuria Agriculture Fund

The Centuria Agriculture Fund is a new open-ended investment targeting high-quality sustainable agricultural investments with strong tenant covenants, aiming to become Australia’s leading agriculture real estate fund.

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

22.06.2022

Centuria Launches Unlisted Agriculture Fund

Centuria Capital Group has launched an unlisted, open-ended agriculture fund, Centuria Agriculture Fund, which is seeded with a $177 million state of the art glasshouse in Warragul, Victoria.

27.04.2022

Centuria Healthcare commits to $115m of acquisitions

Centuria Healthcare Property Fund (CHPF) has secured more than $115 million worth of healthcare real estate. Three assets are currently under construction and capitalise on bespoke, operator-led fit-outs, which attract strong tenant covenants and long lease terms. The fourth asset is an $11.3 million medical centre with a recently executed five-year lease extension.

26.11.2021

Centuria Healthcare Fund Adds $71.3m of Acquisitions

The Centuria Healthcare Property Fund (CHPF) has further expanded its fast-growing portfolio.

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.

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