Centuria Fund added to multiple platforms

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, combined with daily unit pricing and access to a monthly liquidity facility.

Commenting on the announcement, Centuria’s Head of Real Estate and Funds Management, Jason Huljich, said he is delighted to have the Fund on these rapidly growing platforms.

“Inclusion on platforms provides greater access for financial advisers, and their clients, to this strong-performing fund.”

“We have seen a substantial increase in fund inflows in the last quarter as the fund is now available for use with the vast majority of non-aligned financial advisers.”

CDPF has also received “Recommended” ratings from both Core Property¹ and Lonsec² and, since inception in June last year, it has significantly outperformed the benchmark return³.

The Fund offers investors access to tax-effective monthly income and the potential for long-term capital growth via investment in a diversified, open-ended portfolio of high-grade commercial property assets. It comprises 80% direct property, 15% A-REITs and cash of 5%.

The direct property component is via investments in 11 of Centuria’s unlisted funds, which own 13 properties in Sydney, Geelong, Brisbane, Canberra and Perth, including the recently over-subscribed Centuria Geelong Office Fund.

Mr Huljich said that the Fund had been well received by financial advisers and their clients since launching and that he is expecting increased inflows as further platforms offer the investment option.

“The CDPF has been recognised for its diversified portfolio of properties and for Centuria’s successful track-record in managing listed and unlisted property funds. Last calendar year we were able to improve the Fund’s portfolio metrics to a 98% occupancy rate and weighted average lease expiry (WALE) profile of 7.11 years⁴.

“As the Fund continues to grow, we will be looking to acquire direct assets for the fund. These will be high-quality, well located assets with financially strong tenants – ensuring stable and reliable returns for investors,” said Mr Huljich.

^{1 This rating is not and should not be construed as personal financial product advice, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment, from Core Property. Any opinion by Core Property is unsolicited general information (general financial product advice) only. Neither Core Property nor the participant is aware that any recipient intends to rely on this rating or of the manner in which a recipient intends to use it. In preparing the information, it is not possible for Core Property to take into consideration the investment objectives, financial situation or particular needs of any individual recipient. Investors should obtain individual financial advice from their investment advisor to determine whether opinions or recommendations (if any) contained in this publication are appropriate to their investment objectives. Investors should obtain a copy of, and consider the PDS, which can be obtained by contacting Centuria.
2 The Lonsec Rating (assigned July 2017) presented in this media release is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445. The Rating is limited to “General Advice” (as defined in the Corporations Act 2001 (Cth)) and based solely on consideration of the investment merits of the financial product. Past performance information is for illustrative purposes only and is not indicative of future performance. It is not a recommendation to purchase, sell or hold Centuria Property Fund Limited’s product(s), and you should seek independent financial advice before investing in this product. The Rating is subject to change without notice and Lonsec assumes no obligation to update the relevant document(s) following publication. Lonsec receives a fee from the Fund Manager for researching the product(s) using comprehensive and objective criteria. For further information regarding Lonsec’s Ratings methodology, please refer to Lonsec’s website.
3 Past performance is not indicative of future performance.
4 As at 31 December 2017}