News Articles for Centuria Capital Group

The marine services company is moving to a more central location in light of its plans to grow.

The property has sold to a healthcare provider after a deal with Kerry Stokes' Australian Capital Equity fell through.

Real estate group Centuria has struck a deal with the state government to build the first stage of a $33 million retail precinct in Perth's north.

Economic conditions are paving the way for the retail property sector to become a preferred asset class for investors.

The real estate fund attributes the uptick in operating profit to valuation increases and growth in its alternative funding streams.

Portfolio values are on the rise for Centuria's office real estate investment trust as the group reported its first valuation increase since 2022.

The two transactions are among the largest property sales in the state this year and involve several key industry players.

The property fund's latest REIT results show valuation upticks across its WA industrial properties.

The growth of the private credit market in WA's property space is gaining momentum.

A surge in listings is good news for the city's fledgling office market.

The Canning Vale purchase marks Perth's largest industrial transaction in 15 months.

The property fund's industrial REIT has benefited from a $47 million valuation gain, with $3 million of that in WA.

The numbers are pointing to an improving outlook for Perth's CBD landlords.

The REIT has posted a $21.2 million loss in the first half of the financial year, down from $99.4 million in the prior corresponding period.

WA's large-format retail sector is growing amid positive demographic and economic trends.

Perth's industrial property market is still performing strongly but is showing signs of slowing.

The former Colliers agent has started a national real estate business with the backing of Primewest founders John Bond, David Schwartz and Jim Litis.

Retail property owners are looking for ways to capitalise on the surplus land around their shopping centres.

The property fund giant has grown its assets under management back to $21.1 billion and reported a 3.5 per cent drop in net profit after tax.

The property fund released the results of its office REIT today, showing a $168.75 million loss.

The property giant has leased 300,000sqm in FY24, including 120,000sqm in WA, via its industrial fund.

The grandson of Alan Bond is set to acquire the Fremantle icon and adjacent carpark for $116.5m from Centuria, with plans to revitalise the asset.

The $70 million purchase marks the second largest retail transaction this year in WA and was sold at 40 per cent below its replacement value.

ICD Group is paying a premium to move to the fund's Canning Vale facility, as part of its entrance to the Australian market.

Industrial developers are doing what they can to incorporate renewables into their buildings.

Perth's office landscape continues to evolve as the city's focal point shifts.

The ASX-listed property fund has retained a $21.1 billion asset base, but reported a 15.5 per cent operating profit loss.

The property giant has wiped $150 million off its office REIT nationally and $9.6 million in WA, but its leasing activity remains strong.

The national property fund has upgraded its earnings guidance for this financial year following a number of leasing deals.

Western Australian projects and developers have been recognised at a state industry awards, including Adrian Fini being named Property Leader of the Year.

Confident industrial landlords are pushing ahead with new builds without pre-commitments from tenants.

Landlords are investing more in neighbourhood shopping centres to capitalise on consumer trends.

Perth will deliver 43,000 square meters of retail space over the next three years, limiting options for renters but raising profits for retail landlords.

The property fund says its agricultural assets and credit arm have helped the company grow its assets under management to $21 billion.

The property fund's WA assets account for $18 million of the reduction in book value.

Perth office owners are downgrading the value of their assets as sales dry up and buyers sit tight.

Workers have been told to stay away from the 40-storey St Georges Terrace building until a water leak impacting the lifts is fixed.

Our weekly appointments wrap includes Ian Brunette, Tim Marney, Aaron Walker, Leith Ayres, Gaurav Chitnis, David Healy, David Prescott, Jason Craig, Mark Collins, Conley Manifis, Pierre Malan, Paul Benjamin and Nick Hunt.

The purchase represents the property fund's second acquisition from the Vukelic family this year.

Shopping centre magnate Scentre Group has bolstered its sales and customer visitation numbers off the back of its four Perth precincts.