Wholesale investments news
Centuria secures $18m Wetherill Park industrial facility
CNI has secured a second asset for its wholesale unlisted fund Centuria Select Opportunities Fund with the acquisition of a $18million warehouse facility in Sydney’s core central western infill industrial market of Wetherill Park.
Centuria secures $16m Busselton Boulevard Shopping Centre, WA
Centuria Capital Group has secured the c.4,800sqm Busselton Boulevard Shopping Centre, Western Australia, from a local vendor for $16 million.
Centuria acquires $15m Margaret River Shopping Centre
Centuria Capital Group (ASX:CNI), has secured the Margaret River Shopping Centre, WA, for $15 million, reflecting a 6.47% initial passing yield. The acquisition will underpin the Margaret River Shopping Centre Trust (MRSCT or Trust), a single asset, closed-ended wholesale property fund.
Centuria and MA Financial Secure $223m Allendale Square office tower
Centuria Capital Group (ASX: CNI) and MA Financial Group have conditionally secured one of Perth’s well-known A-Grade office towers, ‘Allendale Square’, through a 50:50 joint venture for $223 million on a capitalisation rate of 7.25%.
Centuria buys six Accolade Wines vineyards, SA
Centuria Capital Group (ASX: CNI) subsidiary, Primewest, has secured an off-market portfolio of six vineyards across eight separate properties, totalling 113.74 Ha, in addition to 223ML of water assets on a 10-year, triple-net sale-and-leaseback term to one of the world’s leading wine companies, Accolade Wines.
Are Centuria Bass exposed to Probuild?
What is the impact on our investments following recent news of building contractor Probuild appointing administrators?
Primewest secures $71.2m Northgate Shopping Centre, Geraldton
Centuria Capital Group subsidiary, Primewest, has secured a $71.2 million shopping centre in Geraldton, Western Australia, for a single asset, unlisted closed ended wholesale fund.
Primewest secures Woolworths-anchored Potts Point retail
Centuria Capital Group subsidiary, Primewest, has acquired the Woolworths-anchored daily needs retail precinct within Potts Point’s OMNIA mixed-used development for $14.3 million.
Primewest secures $34m Byford Village Shopping Centre, Perth
Centuria Capital Group subsidiary, Primewest, has acquired the Coles-anchored Byford Village Shopping Centre along with an adjoining vacant site in a $33.75 million transaction.
Alternative unlisted property funds
Often when people think of unlisted property funds, they consider an equity investment in a physical real estate asset. However, an alternative real estate vehicle is an unlisted debt fund, that provides the finance for developers to build a new property. While the risk profiles of debt funds differ from equity funds, so do the return profiles.
Primewest launches Agricultural Trust No.2 with new almond orchard acquisition, NSW
Following its recent merger with Centuria Capital Group, Primewest has launched a new wholesale unlisted agricultural fund, Primewest Agricultural Trust No. 2, seeded with a
$53.9 million almond farm located in NSW’s renowned Riverina region.
Centuria announces Bass Capital Joint Venture
Centuria Capital has secured a 50% investment in experienced real estate debt fund provider, Bass Capital.
