News & Media
Please find below news and media articles related to Centuria’s Unlisted Property Funds.
South Australia’s premier CBD office property the latest addition to $4.7 billion portfolio Centuria Capital Group (CNI) today announced that it exchanged unconditional contracts for the purchase of a 50% stake in the Bendigo & Adelaide Bank headquarters at 80 Grenfell Street, Adelaide, for $92.3 million. Acquisition of the $184.6 million office tower was made in partnership with Centuria’s capital partner,
Debt funds growing in popularity as an alternative investment With demand for quality investment products at unprecedented levels, Centuria has moved into the emerging market of real estate debt investment to meet a growing investor appetite for higher returning investments. Traditionally the domain of Australia’s major banking institutions, real estate debt investment involves the provision of senior lending,
Centuria Diversified Property Fund offers investors direct property exposure with monthly liquidity Centuria Capital has significantly expanded financial adviser access to the Centuria Diversified Property Fund (CDPF, the Fund), which has been added to the investment menus for HUB24, Netwealth, FUND.eXchange, Powerwrap, Colonial First State FirstWrap and Macquarie Wrap platforms. The Fund offers investors on the platform direct property exposure,
Hall and Prior and Centuria Healthcare launch property partnership with acquisition of Tuohy Nursing Home
Centuria Healthcare Aged Care Property Fund No. 1 (CHACPF1) has recently acquired the 49-bed Tuohy Nursing Home in Midland, Perth and six surrounding properties. Centuria Healthcare has partnered with Hall and Prior to collectively fund the redevelopment of the property into a new ~120-bed residential aged care facility. In an asset class that is difficult to penetrate,
Centuria Capital Group (ASX: CNI) is pleased to announce that its subsidiary, Centuria Property Funds Limited, has today unconditionally exchanged contracts to acquire 60 Brougham Street, Geelong, Victoria for $115.25 million. The property will be acquired by the Centuria Geelong Office Fund, a new single asset unlisted property fund which will be launched in February 2018.
We are excited to announce that the Yarrabilba Health Hub development has been acquired by the Centuria Healthcare Direct Medical Fund No. 2, a new medical property which has all the right attributes. The acquisition of the Yarrabilba Health Hub: Aligns with Centuria Healthcare’s goal to invest into integrated healthcare properties (i.e. service offerings across the healthcare spectrum);
Centuria Healthcare Direct Medical Fund No. 2 has recently secured three additional medical assets with varying yet complementary attributes that will significantly strengthen the fund metrics and quality of assets. The assets are: 18 Prowse Street, West Perth WA – A fund-through refurbishment of an existing commercial building into a day hospital for one of Australia’s leading day hospital operators;
Record price achieved for Centuria investors Centuria Property Funds today announced a significant profit on the sale of a Sydney CBD office property, Swire House. The 10 Spring Street, Sydney property was purchased in 2013 for $91.64 million and has sold for $270.05 million. The record breaking price for a B-grade office sale in Sydney means Centuria’s investors’ equity investment tripled over the four years in addition to their income return of 8% per annum.
We are excited to announce that Centuria Healthcare has launched the Centuria Healthcare Direct Medical Fund No. 2, seeded with the acquisition of the Coorparoo Medical Centre. The Fund: Offers investors exposure to the strong fundamentals of the medical property sector; Provides superior risk-adjusted returns via direct exposure to medical property and development returns; and Is seeded by Coorparoo Medical Centre,
The Heathley Aged Care Property Fund has completed brownfield refurbishments at two of its Infinite Care properties. We are pleased to announced that the refurbishments: Strengthen the quality of the assets via a greater number of modern aged care beds; Improve the distribution yields to the investors through attractive rents on the brownfield components of the facilities;
After a two and a half year Investment Period, Centuria Healthcare’s first “Direct Medical Fund” has successfully reached its target value and closed for investment. The Fund will now be actively managed throughout the Portfolio Management Period, being up to 4 ½ years from July 2107.
Huge investor demand for the Scarborough House Fund sees it closed early to new investors. Centuria Capital today announced that its unlisted property trust, the Centuria Scarborough House Fund, (the Fund), is oversubscribed due to unprecedented demand. Centuria received demand for $150 million of equity with only $46 million of equity on offer and it was closed to new investors after 5 days.