2 August 2018
Centuria’s unlisted property funds clock five quarters with 6 of the best
For the fifth quarter in a row, Centuria’s Unlisted Property team has achieved six funds in the top 10 in the sector’s leading index this week.
This includes taking top honours in the recently released June 2018 quarter, with five of Centuria’s funds taking the first five places based on total return performance for the 12 months to June 20181:
- 1st: Centuria 203 Pacific Highway Fund
- 2nd: Centuria Havelock House Fund
- 3rd: Centuria 8 Central Avenue Fund 2
- 4th: Centuria ATP Fund
- 5th: Centuria 8 Central Avenue Fund
- 7th: Centuria 2 Wentworth St Fund
Run in partnership with the Property Council of Australia, the IPD Australia Unlisted Core Retail Property Fund Index measures net asset value2 total returns for core unlisted retail funds within the index in the Australian market. Participants include Centuria, Charter Hall Group, Australian Unity, Cromwell Property Group, CorVal Partners and Folkestone Funds Management.
The index takes account of the performance of the properties held within the unlisted fund structure, together with the impacts of non-property assets, cash holdings, debt, and fees, to produce an overall investment return. They are produced to help the real estate investment sector raise its information, reporting and transparency standards to the level of the mainstream exchange traded asset classes.
For the June 2018 quarter, the index included 27 funds totalling $5.4 billion in gross asset value.
As Centuria’s Head of Real Estate, Jason Huljich, explains, Centuria has long and proud track record of delivering returns to investors through unlisted property.
“For more than 20 years, we have helped investors grow their wealth. Since inception, Centuria has completed 38 separate unlisted property funds valued at $1.6 billion and have another 17 funds currently in operation.
“Over this time, we have developed a deep knowledge and experience in our trade which has enabled us to make smart decisions when buying properties, and actively manage these properties to ensure we maximise returns for investors.
“This great result is testament to the quality and performance of our funds. In fact, since December 2016 we’ve actually had at least five funds in the index’s top 10.”
Unlisted property funds provide investors the opportunity to pool their capital to invest in commercial, retail or industrial properties, which may otherwise be too expensive to invest in directly. They generally provide monthly income with the potential for capital upside and are best suited as a mid-term investment, with funds locked up for between five to seven years.
The IPD Unlisted Core Retail Property Fund index is the only index in Australia that measures performance of unlisted retail funds. They are produced by MSCI, a world leader in index measures with one of the most extensive private real estate databases in the world.
Download the IPD Australia Unlisted Core Retail Property Fund Indexes:
Annualised total return for Centuria’s funds are calculated by Centuria Property Funds Ltd (ABN 11 086 553 639, AFSL 231149) as responsible entity/trustee since 1998 and includes net asset value as well as distributions. Each fund managed by Centuria Property Funds will have different characteristics, properties and risk and should be assessed by an investor independently. None of the Centuria funds listed in this media release are open to investment and should not be relied on by investors when making a decision to invest in any of Centuria’s open funds. Investors should rely on information in a product disclosure statement of any fund open for investment.
1. Past performance is not a reliable indicator of future performance.
2. Net of fees.
