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

Officials MIA on banking competition, say critics
Finance

Officials MIA on banking competition, say critics

Over-regulation of the banking sector is blamed for stifling competition.

Pattrick Smellie 20 Feb 2025
Heartland declares $49.6m impairment in NZ business
Finance

Heartland declares $49.6m impairment in NZ business

Heartland Group shares fell 12% in early trading.

Gregor Thompson 18 Feb 2025
Big banks scrubbing public mentions of DEI
Finance

Big banks scrubbing public mentions of DEI

Citigroup and others seek to avoid possible litigation and federal probes.

Toy entrepreneur quashes spec of NZME takeover
Finance

Toy entrepreneur quashes spec of NZME takeover

Zuru founder Nick Mowbray says a report speculating he could take over private media company NZME is wrong. On Friday morning, The Australian’s Data Room said “some wealthy Kiwis” were plotting to do something about the state of New Zealand’s media industry and cited Mowbray as a...

Victoria Young 14 Feb 2025