A FUND managed by Centuria Property Funds has won the Unlisted Fund of the Year 2012 at the 18th Annual Property Funds Industry Forum.
Centuria Property Funds CEO Jason Huljich said the award is recognition of the strong performance structure of the Centuria 19 Corporate Drive Fund.
“It also reflects the caliber of our team and the high quality investments we aim to offer investors. We continue to explore opportunities that respond to trends we see in property markets that have the potential to deliver excellent returns to investors. We have great expectations for Centuria 19 Corporate Drive Fund and this latest award supports these,” he added.
Centuria 19 Corporate Drive Fund is a single asset, closed-end unlisted property fund investing in a high quality commercial office building in the heart of the Southgate Corporate Park.
The fund will distribute 9.75% p.a. in its first year, increasing to a forecast 10.00% p.a. in second year.
Equity raising for the fund is currently underway, with the opportunity to invest closing in mid November 2012.
“We are currently experiencing strong demand for our unlisted funds from individual investors and wealth management groups. Investors are seeking opportunities that can provide strong income returns backed by ‘hard assets’. Property as an asset class, with its high proportion of total return generated by income yields, is well positioned to meet this demand.” Huljich said.
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