Centuria Capital

Centuria Capital Group has secured a new $500million institutional investment mandate on behalf of a significant US private investment firm

Centuria Capital Group (ASX: CNI), has reported solid FY23 results supported by strong funds growth across its alternative unlisted real estate sectors, which lifted Group AUM to $21 billion, and increased statutory NPAT. Operating profit after tax was in line with FY22 record profit.

Australasian real estate funds manager, Centuria Capital Group (ASX: CNI), has secured the c.4,800sqm Busselton Boulevard Shopping Centre, Western Australia, from a local vendor for $16million, reflecting a 9.19% initial yield and a forecast internal rate of return (IRR) exceeding 13%.

A 3,415sqm industrial facility within a key southeast Brisbane industrial precinct recently sold at a 31% premium to its prior book valuei after the vendor secured a new five-year lease.

ASX-200 listed Centuria Capital Group has achieved above prior book value sales premiums for two urban assets in Sydney and the Gold Coast, respectively, which reflect strong demand for well located commercial real estate benefitting from urban regeneration and in close proximity to housing, schools and universities.

Australasian real estate funds manager, Centuria Capital Group has secured a 20-hectare tomato glasshouse facility in Guyra NSW on behalf of its unlisted pure-play, Centuria Agriculture Fund (CAF) from a family-owned investment office.

Australasian real estate fund manager, Centuria Capital Group has delivered strong interim results for the first half of the 2023 financial year, underpinned by organic growth across its real estate platform, particularly within alternative sectors, and strong capital management.

Australasian real estate funds manager, Centuria Capital Group, has secured the Margaret River Shopping Centre, WA, for $15million, reflecting a 6.47% initial passing yield.

The Centuria Agriculture Fund (CAF or Fund) has secured one of South Australia’s largest glasshouse assets, Sundrop Farms for $70 million from the Morrison & Co Growth Infrastructure Fund, bringing Centuria’s total agriculture assets under management (AUM) to $421 million.

Leading Australasian real estate manager, Centuria Capital Group, continues to capitalise on the strong industrial market tailwinds with the acquisition of a $35.5million, high-quality distribution centre at 69-79 Diesel Drive, Paget, Mackay QLD.

The development division within the ASX-200 listed Centuria Capital Group, has reached a significant milestone with the topping out of its boutique $42million A-Grade office building in the heart of Adelaide’s CBD.

Perth-based real estate funds manager, Primewest, has announced it has formally adopted the brand of its parent company, Centuria Capital Group (ASX: CNI or “Centuria”), and from today will solely be known as Centuria.

Construction of Adeney Private Hospital, which will be operated by a doctor-led joint venture with Medibank, is underway with developer Centuria breaking ground on the $75million, four-storey building today.

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 $223million on a capitalisation rate of 7.25%.

Centuria NZ Industrial Fund and one of the largest spirit and wine distributors in NZ, Hancocks, are working together to transform a 15,021 sqm Mangere (Auckland) warehouse into a modern, sustainable industrial facility.