Centuria Capital Group (AU:CNI) has released an update.
Centuria Capital Group has announced the acquisition of Manning Mall for $34.85 million, a strategic move offering an 8% forecasted yield for a new wholesale fund targeting wholesale investors. The fund’s appeal is bolstered by the asset’s significant discount to replacement cost and the region’s expected population and retail expenditure growth. With a minimum investment of $100,000, the fund aims to benefit from the area’s projected 25% population increase by 2041 and corresponding retail spending surge.
For further insights into AU:CNI stock, check out TipRanks’ Stock Analysis page.