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

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.

Fonterra boss wins big at INFINZ awards
Finance

Fonterra boss wins big at INFINZ awards

Michele Embling became a fellow of the institute. 

Staff reporters 13 May 2025
No longer 'boutique' Generate is executing, CEO says
Finance

No longer 'boutique' Generate is executing, CEO says

The fund manager is now the seventh-largest KiwiSaver provider.

Gregor Thompson 09 May 2025
ANZ half-year profit surges on non-cash gains
Finance

ANZ half-year profit surges on non-cash gains

Cash earnings were flat, and net interest margin rose slightly.

Pattrick Smellie 08 May 2025