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

NZ Super ahead of the curb on US equities
Finance

NZ Super ahead of the curb on US equities

New Zealand’s sovereign wealth fund has been overweight in European equities.

Gregor Thompson 03 Jun 2025
Former Telecom chair Wayne Boyd honoured
Finance

Former Telecom chair Wayne Boyd honoured

Honours recognition for a lifetime of low-key, high-quality leadership.

Pattrick Smellie 02 Jun 2025
Andrew Barclay to leave Goldman Sachs NZ
Finance

Andrew Barclay to leave Goldman Sachs NZ

Andrew Barclay has been one of NZ’s most respected deal-makers.

Pattrick Smellie 20 May 2025
How Sharesies is providing ‘patient’ capital for listeds
Finance

How Sharesies is providing ‘patient’ capital for listeds

The online platform is being tapped for bookbuilds and dividend reinvestment plans.