News and media
Please find below news and media articles related to Centuria’s unlisted property funds.
Commercial property with liquidity: the best of both worlds
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 grows with three acquisitions
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.
Centuria investors triple their money with sale of Sydney CBD property
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.
Launch of the Centuria Healthcare Direct Medical Fund No. 2
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.
Unveiling a fresh face for our Infinite Homes
The Heathley Aged Care Property Fund has completed brownfield refurbishments at two of its Infinite Care properties.
Centuria settles on $106 million unlisted fund, bringing FUM to $4 billion
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 discusses commercial property trends and the latest Centuria Sandgate Fund offer
Jason Huljich joined Marty Switzer on Switzer TV to discuss commercial property trends and Centuria’s latest offer, the Centuria Sandgate Fund.
Centuria Healthcare Direct Medical Fund No. 1 – closes for investment
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.
High yield, low risk. Centuria’s latest unlisted property trust three times oversubscribed
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.
Projected improvement in Brisbane office market fundamentals drives unlisted fund
Centuria has purchased 1231 Sandgate Road, Nundah for $106.25 million to form a new unlisted property fund Centuria Property Funds today announced the launch of its latest unlisted fund, Centuria Sandgate Road Fund (the Fund). The property was acquired this week for $106.25 million. Combined with other acquisitions made this financial year, it will increase Centuria Capital’s total funds under management (FUM) by $457 million to $3.8 billion.
Heathley Keystone Property Fund No. 34 – Fund returns IRR of 27% on windup
The Manager has successfully completed the sales campaign in accordance with the Fund’s strategy, exchanging unconditional contracts for all three of the properties, providing a 27% investor IRR.
Centuria divests 200 Creek Street, Brisbane
Centuria Property Funds today announced that it has sold its commercial office tower at 200 Creek Street, Brisbane, for $38.7 million. The property has been purchased by Sentinel Property Group. Jason Huljich, CEO of Unlisted Property at Centuria, said: “We purchased the property in 2011, and since then we have carried out a series of upgrades and refurbishments designed to make the building more appealing to tenants.