Centuria punts high yield, upmarket storage as next big thing

Centuria punts high yield, upmarket storage as next big thing
The proposed College Hill upper-end storage and retail facility. (Image: Centuria)
Brent Melville
Centuria New Zealand will launch a roadshow to wholesale investors next week, rolling out its latest ‘value add’ fund, dangling an annual pre-tax return of 13% to investors, backed by upper-end secure storage for luxury goods.The value-add fund No. 2 aims to raise about $23 million in equity for the purchase of a four-level, 4,314-square-metre mixed-use warehouse and office property at Freeman’s Bay as its sole asset.Centuria, which manages about $2.6 billion in local assets, said it will refurbish the site at 43 College Hill...

More Property

‘Cowboys’ the reason for building consent delays
Property

‘Cowboys’ the reason for building consent delays

Building inspectors hit back at Minister Penk’s claims they are holding up consents.

Maria Slade 03 Apr 2025
Fletcher Building’s Clever Core prefab house-building factory to shut
Property

Fletcher Building’s Clever Core prefab house-building factory to shut

Fletcher Building’s much-vaunted Clever Core prefab house-building factory at Wiri in South Auckland will close next year and be replaced by a PlaceMakers frame and truss plant.A spokeswoman said Clever Core had not worked out and would close by June 30.“Fletcher Building has mad...

Staff reporters 31 Mar 2025
Graeme Hart lends to twice-bankrupted builder
Property

Graeme Hart lends to twice-bankrupted builder

The owner of failed developer Buildform is a Hart family friend.

Maria Slade 31 Mar 2025
Developers make unsolicited bids for prime Chch rebuild site
Policy

Developers make unsolicited bids for prime Chch rebuild site

Crown Infrastructure Delivery is weighing up options for the massive site.

Oliver Lewis 28 Mar 2025