Darcy Justice beat.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from beat.com.au Daily Mail and Mail on Sunday newspapers.
Press Release – Bayleys New Zealand investors have an opportunity to diversify into the Australian commercial property market with a Centuria Capital Group unlisted single-asset fixed-term fund, secured by a NZ$240million office building in Melbourne, Victoria.
Monday, 19 July 2021, 11:24 am
New Zealand investors have an opportunity to diversify
into the Australian commercial property market with a
Centuria Capital Group unlisted single-asset fixed-term
fund, secured by a NZ$240million office building in
Melbourne, Victoria.
The Centuria Government
Income Property Fund (CGIPF) will acquire the fully leased
20,191sqm A-grade office building located in the inner
Melbourne suburb of Footscray. It has an 11.8-year Weighted
Average Lease Expiry (WALE) and 91% of the rental income is
derived from the Victorian Government and state-owned
entities.
Mark Francis, CEO of Centuria NZ (formerly
Augusta), said the offering is an example of how New Zealand
auckland scoop co nz » Centuria Offers Kiwis Big Australian Property Investment Opportunity scoop.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from scoop.co.nz Daily Mail and Mail on Sunday newspapers.
Canadian property group sets sights on build-to-rent apartments
Weâre sorry, this service is currently unavailable. Please try again later.
Dismiss
Save
Normal text size
Advertisement
Canadaâs Oxford Properties and its Australian Investa property business have entered the burgeoning build-to-rent apartment sector in Sydneyâs city, at a time when the NSW government is seeking solutions at getting people back to the CBD.
Under the development approval from the Independent Planning Commission, Oxford will develop a 39-storey tower with 234 apartments as build-to-rent (BTR) at its $1 billion Sydney Metro Pitt Street over the station development. Oxford lodged its development application for the BTR site in June 2020.