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

Michael Lorimer exits Grant Samuel amid more sector change
Finance

Michael Lorimer exits Grant Samuel amid more sector change

Lorimer has sold his 80% stake in the corporate advisory firm.

Aussie fund manager Shaws buys Devon Funds
Finance

Aussie fund manager Shaws buys Devon Funds

The deal is the latest tie-up between Australian and NZ funds managers.

Staff reporters 24 Jun 2025
Extraordinary's pre-tax public transport perks for workers
Finance

Extraordinary's pre-tax public transport perks for workers

Wayne Brown has endorsed a new way for employers to cut commuting costs.

Oliver Lewis 16 Jun 2025
Lenders referring borrowers in trouble to non-profit services
Finance

Lenders referring borrowers in trouble to non-profit services

Financiers pushing KiwiSaver withdrawals rather than acting responsibly, advisers say.

Maria Slade 13 Jun 2025