The property investment with a towering yield
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As part of a counter-cyclical investment strategy, Centuria has secured a 50% investment in Perth’s well-known A-Grade office tower, “Allendale Square”. Perth has the country’s highest physical occupancy rate among all capital cities (1) and the market is further supported by a strong outlook for tenant demand throughout the medium term. The asset underpins a new unlisted single-asset close-ended wholesale property fund, Allendale Square Fund (ASF), providing an initial five-year term and 7.25% pa forecast starting distribution. It opens for investment in early October 2022 with a minimum $100,000 investment.
Applications for ASF units must be made pursuant to an Information Memorandum, available on Centuria’s website
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(1) Source: ANZ/ Property Council Office Market Report July results
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