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Track Record

Centuria Property Funds (Centuria) formerly Century Funds Management was formed in 1999 to arrange the syndicated purchase of investment grade property on behalf of a limited number of private investor clients. These investors wished to participate in the ownership of high-value commercial property ($10-$80 million), not normally accessible to individuals.

We own and manage 48 individual properties in 29 unlisted funds, with a value of over $1 billion on behalf of our investors. Following the Eclipse acquisition, and the addition of the two Becton Funds, Centuria Property Funds now consists of over 3,500 investors.

We have completed 19 funds with a value of $341 million with an average return to investors of 17.8%* per annum. For important information on our past performance and how this has been calculated *click here.

Our strategy when purchasing is to focus on commercial, industrial and bulky goods buildings that are located in capital cities and selected regional locations. We particularly look for strategic investments with value add potential.

We believe the success of a property investment is determined by the quality of the management of tenants and the selection and ongoing management of the physical aspects of the property. 80% of the Centuria portfolio is managed by our experienced in-house property division.

Capital gain potential is maximised by ensuring the most efficient use of space, conducting services upgrades, building refurbishment and assessing potential re-development.

Case Studies

Bulky Goods Retail – Minchinbury Hometown, Minchinbury

  • Acquisition Price – $9.5 million
  • Sale Price – $16.65 million
  • Capital Gain – 120%
  • Average annual return to investors – 27.48% p.a.

Investment Rationale

  • Property acquired at a high initial yield (at land value)
  • Large site with excellent exposure to Western Highway
  • Leveraged CFM bulky goods expertise to improve centre management, marketing and tenancy profile

Commercial – 35 Spring Street, Melbourne

35 Spring St, Melbourne

Architects impression of potential re-development

Investment Rationale

  • Acquired in February 2003 for $35.3 million within the OFG Direct Property Trust
  • A Scheme was commissioned for a 40-storey high-end residential re-development
  • Property sold in 2010 to a large superannuation fund  for $45.5 million
  • The sale agreement allows a new Century Development fund to re-invest into the project.

High-Tech Industrial – 6 Herb Elliot Avenue, Sydney Olympic Park

  • Acquisition Price – $6.55 million
  • Sale Price –$12 million
  • Capital Gain to Unitholders – 95%
  • Average annual returns to investors – 21.1% p.a.

Investment Rationale

  • Strong tenant
  • Strategic Location within zoned area
  • Potential for re-zoning for higher and better use
  • “Land bank with income”