News & Media

Please find below news and media articles related to Centuria’s Unlisted Property Funds.

05.04.2017

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.

19.03.2017

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.  The results will drive an investor return in excess of original forecast, providing a 27% investor IRR. The Fund’s three properties have now been sold, achieving the following results: 11 Abdon Cl, Bennetts Green settled on 12 January 2017 for $3.453 million,

23.01.2017

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.

19.01.2017

Heathley Medical Property Fund No. 1 – Property sold

Heathley is pleased to announce that the Heathley Medical Property Fund No.1 settled the sale of its only property, 20-22 Mons Road, Westmead NSW. The Property has sold just 2 years into 5 year term, delivering investors a 22% IRR. The sale will provide a very healthy capital return to investors. The final net sale price of $30.5 million represents an increase of $7.2 million (or 31%) on the previous independent valuation for the property of $23.3 million and has resulted in an investment return for investors exceeding forceast.

22.11.2016

Group Homes Australia and Centuria Healthcare Announce Property Partnership

Centuria Healthcare agrees to fund the purchase and development of Group Homes Australia residences.  The properties will provide attractive diversification benefits to the existing Centuria Healthcare Aged Care Property Fund No. 1 portfolio and exposure to a  progressive model of specialist dementia care and highly reputable aged care operator. Group Homes Australia, the first Australian model to offer dementia and high care in a group-home environment,

21.10.2016

PIR Awards – Centuria Unlisted Property Fund of year 2016

Centuria Fund wins Unlisted Property Fund of the year: PIR Awards Centuria Property Funds Limited (Centuria)’s 203 Pacific Highway Fund has received the prestigious Unlisted Property Fund of the Year 2016 accolade at the Property Investment Research (PIR) awards. It is the second year running that Centuria has received the fund of the year award, which last year was taken out by Centuria’s 8 Central Ave Fund No 2.

03.08.2016

FY16 Annual Results – Centuria Unlisted Property

Centuria Metropolitan REIT to announce FY16 Annual Results on the 9th of August. CMA will release a pre-recorded presentation of the FY16 Annual Results on the 9th of August. For further information please email Shalome Ruiter or call her on 8293 8262.

12.07.2016

Finding yield with unlisted property trusts

It’s the old conundrum; if it sounds too good to be true, it probably is. Higher risk can mean higher returns, but it also means higher risk! At the same time, low risk means lower returns. In an economic environment of near-zero interest rates, many low-risk assets just can’t give investors the income stream they need –

24.05.2016

A weak Australian dollar – friend or foe?

A weaker Australian dollar may be good news for our manufacturers and exporters. But what does it mean for property markets? Jason Huljich, CEO of Unlisted Funds for Centuria, looks at the pros and cons of a weaker dollar for property investors. There’s no question that the Reserve Bank of Australia (RBA) is happy about the weaker dollar.

20.05.2016

Centuria announces major new unlisted property investment

Investors given opportunity to invest in iconic commercial asset on Sydney’s North Shore Centuria Property Funds Limited (Centuria) today announced that contracts have been exchanged on the Zenith, an institutional grade office asset located at 821 Pacific Highway, Chatswood.  A new Centuria unlisted property fund, the Centuria Zenith Fund, will co-invest with global investment firm, BlackRock to acquire the property.

22.04.2016

Centuria Property Funds settle on landmark ATP acquisition after record investor interest

Centuria Capital today announced the settlement of Centuria Property Funds’ $104 million stake in the landmark Australian Technology Park (ATP) in inner city Sydney following record investor interest in its corresponding unlisted Centuria ATP Fund. Centuria received over $130 million of Investor interest for the available $62 million of equity, with the retail equity raising closing after only 6 days.

23.12.2015

Centuria Settles 203 Pacific Highway Acquisition

St Leonards is expected to perform strongly on the back of improved transport infrastructure and commercial space shrinkage due to residential conversions. Centuria Property Funds Limited today announces that it has settled the acquisition of 203 Pacific Highway, St Leonards for $86.05 million. The property has been acquired by two Centuria funds, the Centuria Metropolitan REIT (CMA) and the Centuria 203 Pacific Highway Fund (Fund) which will each acquire a 50 per cent leasehold interest in the asset.

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