News & Media
Please find below news and media articles related to Centuria’s Unlisted Property Funds.
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.
Centuria’s sale of landmark Sydney CBD building, Swire House, has been recognised as the deal of the year in the Australian Financial Review’s article, Best and worst real estate deals of 2017. Centuria purchased the B-Grade office property at 10 Spring Street, Sydney in 2013 for $91.64 million and sold it in October 2017 for $270.05 million.
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);
Unlisted property funds have long been recognised for their ability to pool investors’ funds and thereby provide direct access to quality commercial property that would otherwise be out of reach. While the returns of such funds are undoubtedly appealing, the sticking point for some investors has traditionally been the fact that investments are locked up for five or even seven years.
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;
Centuria Capital Group (“Centuria” or ASX: CNI) is pleased to announce: $106 million acquisition of 1231 Sandgate Road, Brisbane (the “Property”) CNI total funds under management (FUM) to increase to $4 billion Centuria Property Funds Limited (“CPFL”), a wholly owned subsidiary of CNI, has settled the Property for $106.25 million. The Property was acquired by a new single-asset unlisted property fund (the Centuria Sandgate Road Fund),
Jason Huljich joined Marty Switzer on Switzer TV to discuss commercial property trends and Centuria’s latest offer, the Centuria Sandgate Fund.
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.