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.

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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 fund, the Centuria Diversified Property Fund (CDPF) and the Centuria Healthcare Property Fund (CHPF).

Risks and Benefits 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 advisor before investing. For further independent information, please read the MoneySmart guide to investing in unlisted property schemes.

Latest Centuria Unlisted Property News

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.
04.08.2020

Centuria Announces Board Changes

Centuria has announced the appointment of Natalie Collins to the Boards of Centuria Property Funds No. 2 Limited (CPF2L), Centuria Life Limited (CLL) and Over Fifty Guardian Friendly. Roger Dobson has also been announced as the new Chairman of CPF2L. The appointments coincide with the reorganisation of several boards including: CPF2L is the Responsible Entity of Centuria Industrial REIT (ASX: CIP) Centuria Property Funds Limited (CPFL) is the Responsible Entity of Centuria Office REIT (ASX: COF).
27.07.2020

Centuria Hosts JLL’s Latest Office Markets Findings

Centuria Capital was proud to host JLL’s Head of Research (Australia), Andrew Ballantyne, who delivered the latest findings on the future of the Australian office markets. More than 150 attendees registered for the JLL/ Centuria’s Australian office markets webinar last Thursday, which highlighted differing results and trends among CBD and Metropolitan office markets – particularly in terms of net absorption rates.
23.07.2020

Announcing Centuria Healthcare

Today, Centuria Healthcare has launched as the new brand for all healthcare real estate owned by the previously known Centuria Heathley brand. In 2019, Centuria Capital secured a 63% interest in Heathley Limited, joining the companies together. The rebrand marks a significant milestone in the business’ evolution. Centuria Healthcare has grown its portfolio to 50 assets under management,
19.06.2020

Jason Huljich talks with Peter Switzer

Jason Huljich catches up with Switzer Property TV to discuss COVID-19’s impact on the Australian commercial real estate sector.
16.06.2020

The Cinderella of Real Estate Investments

Almost 50 years ago the investment sector witnessed the floating of Australia’s first real estate investment trust (REIT), shining a spotlight on commercial property’s ability to generate returns for individuals as well as institutions. While office and industrial assets continue to hold the limelight, emerging from the shadows is the overlooked, soon-to-be belle of the ball – healthcare property.