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CENTURIA CAPITAL GROUP — Capital/Financing Update 2020
Feb 13, 2020
64677_rns_2020-02-13_da2edcd6-2e1b-434b-a414-09f0bd592d98.pdf
Capital/Financing Update
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Settlement of 2-10 Wentworth Street, Parramatta, NSW
Friday, 14 February 2019
Centuria Capital Group (ASX: CNI or Centuria ) announces CNI subsidiary, Centuria Property Funds Limited has settled 2-10 Wentworth Street, Parramatta for $105.3m, following the completion of the closed-ended fund’s five-year term. Details relating to the transaction were previously announced on 3 December 2019.
2-10 Wentworth Street, Parramatta was acquired in December 2014 for $45.1 million. The sale reflects current strength across the commercial transaction markets and Centuria’s focus on proactive management. During the hold period, 90% of the asset’s leases were re-set and rent levels significantly increased with an average uplift of 34%.
Jason Huljich, Joint CEO, said “The completion of the Centuria 2 Wentworth Street Fund provides another clear example of being able to leverage our in house real estate capability as we proactively manage the assets across our platform, provide positive outcomes for fund investors and generate performance fees for CNI earnings.”
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For more information or to arrange an interview, please contact:
| Jason Huljich | Tim Mitchell | Gigi Shaw |
|---|---|---|
| Joint CEO | Group Head of Investor Relations | Associate Director |
| Centuria Capital Limited | Centuria Capital Limited | BlueChip Communication |
| Phone: 02 8923 8923 | Phone: 02 8923 8923 | Phone: 02 9018 8633 |
| Email:[email protected] | Email:[email protected] | Email:[email protected] |
Authorised for release by Anna Kovarik, Company Secretary.
About Centuria Capital Group
Centuria Capital Group (CNI) is an ASX-listed specialist investment manager with $7.2 billion of assets under management. We offer a range of investment opportunities including listed and unlisted property funds as well as tax-effective investment bonds. Our drive, allied with our in-depth knowledge of these sectors and intimate understanding of our clients, allows us to transform opportunities into rewarding investments.
www.centuria.com.au
Disclaimer
Issued by Centuria Property Funds Limited ABN 11 086 553 639, AFSL 231 149 (Centuria) as Responsible Entity for the Centuria 2 Wentworth Street Fund (ARSN 603 048 424). This information is general information only and does not take into account the financial circumstances, needs or objectives of any person. Centuria is the responsible entity of a number of listed and unlisted property funds, each of which are issued under a product disclosure statement (PDS) that is available on Centuria’s website centuria.com.au for all funds open for investment. An investment in any of Centuria’s property funds carries risks associated with an investment in direct property including the loss of income and capital invested. The risks relating to an investment are detailed in each Fund’s PDS and Centuria strongly recommends that the PDS be downloaded and read before any investment decision is made. Centuria receives fees from investments in its property funds. Past performance is not a reliable indicator of future performance.
Centuria Capital Group Consisting of: Centuria Capital Limited ABN 22 095 454 336 Centuria Capital Fund ARSN 613 856 358
Level 41, Chifley Tower T: 02 8923 8923 E: [email protected] 2 Chifley Square, Sydney NSW 2000 F: 02 9460 2960 www.centuria.com.au