Australasian real estate funds manager, Centuria Capital Group (ASX: CNI), will be included in the S&P/ASX 200 Index, effective from open of trading on 16 July 2021, as announced by S&P Dow Jones.
Centuria currently oversees $16.8billion of assets under management “AUM” across six asset classes, within debt and equity markets. This includes $5.4billioni of listed funds and $10.5billion of unlisted funds as well as a $0.9billioni investment bonds business.
Within the past four years, Centuria’s assets under management have experienced a 45% compound annual growth rate (CAGR) .
John McBain, Centuria Joint CEO, explained, “It’s pleasing to be included in the S&P/ASX 200 Index and we believe this is reflective of our transformational growth in recent years. Our growth strategy has included corporate acquisitions as well as direct real estate acquisitions. Our corporate acquisitions this year alone include a 50% interest in real estate debt fund provider, Bass Capital, and the merging with a $5 billion AUM real estate fund manager, Primewest.”
Fellow Joint CEO Jason Huljich commented, “We have been very active over the past 12 months with over $1billion in industrial acquisitions principally in Centuria Industrial REIT and we are currently finalising a $224million single asset unlisted office fund with a long-term government lease. In addition, we have a strong $1.6billion development pipeline which is helping create stock for new fund creation.”
Centuria manages funds across office, industrial, Daily Needs Retail (DNR), Large Format Retail (LFR), healthcare and agriculture. These funds’ assets are geographically diversified throughout Australia and New Zealand.
Centuria Industrial REIT (ASX: CIP) joined the S&P/ASX 200 Index in June 2020. The Centuria Office REIT (ASX: COF) is included in the S&P/ASX 300 Index.
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