New Centuria healthcare property fund features very low fees

New Centuria healthcare property fund features very low fees
Centuria NZ CEO Mark Francis said his company wanted to offer competitive fees. (Image: supplied)
Jenny Ruth
A new unlisted property fund, Centuria NZ Healthcare Property Fund, is offering investors a way to protect against inflation with the manager expecting to pay investors a 5% cash annual income paid monthly for the two years ending March 2024.The Centuria fund is aiming to raise $121 million from retail investors – the manager's Australian parent has underwritten this amount – which would make the fund's gearing about 43%, an unusually low debt level for an unlisted property vehicle, but a tad on the high side in the listed s...

More Finance

PEP seeking payday from UP Education
Finance

PEP seeking payday from UP Education

UP Education is a NZ success story in Australia.

Pattrick Smellie 23 Apr 2025
FNZ extends controversial catch-up offer
Finance

FNZ extends controversial catch-up offer

Fintech FNZ has extended its deadline for “catch-up” equity offers, as employee shareholders say discontent grows.In March, the global fintech offered its class B shareholders a “catch-up” offer after it revealed their holdings could be massively diluted following its August capi...

Victoria Young 16 Apr 2025
The cost of over-regulated banking: $10b to $14.4b a year
Finance

The cost of over-regulated banking: $10b to $14.4b a year

Critics claim a huge annual cost from 30 years of regulatory creep.

Pattrick Smellie 16 Apr 2025
Blackbull backs Eden Bradfield into Elevation funds
Finance

Blackbull backs Eden Bradfield into Elevation funds

The Christopher Swasbrook-established fund gets new investors and portfolio manager.