Centuria Capital: Reassuring Progress on Asset Gathering, Debt Levels and Fund Outflows Remain Risks

Centuria Capital Group’s vision is to be a leading Australasian fund manager, an appropriate goal given its expertise in the business. Growth areas include alternative sectors such as agriculture, healthcare, and real estate credit, versus its history in core property sectors such as office and industrial. Even in its core property investments, Centuria has focused on smaller properties, or those outside the Sydney and Melbourne CBDs. Centuria Office REIT, one of its largest investment vehicles, holds much more suburban office, compared with office heavyweights Dexus, GPT, and Charter Hall which focus on CBDs. The focus outside CBDs should help the group as it diversifies into alternative property sectors, because the Centuria should be well versed in evaluating the more esoteric risk and return profiles of assets in healthcare, agriculture, and other varying sectors.