Centuria sets five-year investment term for $127m retail fund
The fund manager is buying back a shopping centre from another fund, underwriting the deal and committing to a 5% stake from ‘day one’.
The Southgate Shopping Centure.
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Centuria Funds Management expects its latest retail fund investment to generate a pre-cash annual return of 6.75% for its investors.
The Centuria NZ Large Format Retail No 1 fund, which was rolled out this week, is targeting a raise of $75.7 million.
That will part-fund the $77m purchase of both the
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