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Centuria Capital Group ( (AU:CNI) ) has shared an announcement.
Centuria Capital Group has acquired a $115 million large format retail centre to launch the Centuria Logan Super Centre Fund, a new unlisted property fund targeting an 8.0% starting distribution yield. Positioned in a strong growth corridor south of Brisbane, the acquisition occurs at a 22% discount to replacement cost and is fully occupied, with high-profile tenants representing national retailers. This move strengthens Centuria’s large format retail portfolio amid favorable macroeconomic conditions, including population growth and consumer spending, positioning it to offer attractive investment opportunities for its investor base.
More about Centuria Capital Group
Centuria Capital Group is an ASX-listed specialist investment manager with $20.5 billion of assets under management as of December 2024. The company offers a variety of investment opportunities, including listed and unlisted real estate funds and tax-effective investment bonds, leveraging its deep sector knowledge to transform opportunities into rewarding investments.
YTD Price Performance: -5.06%
Average Trading Volume: 947,802
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$1.41B
Learn more about CNI stock on TipRanks’ Stock Analysis page.
