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  5. Centuria Zenith - Managed fund profile

Centuria Zenith - Managed Fund (Closed)

Fund Objective
Centuria Property Funds (Centuria) as responsible entity for the Centuria Zenith Fund (Fund) is acquiring a 50% freehold interest in The Zenith, 821 Pacific Highway, Chatswood, Sydney NSW. The financial year ending 30 June 2017 is expected to deliver a strong distribution yield of 7.60%, growing to 7.70% in the financial year ending 30 June 2018, that will be 70% and 100% tax deferred respectively (Australian tax residents only).
Fund Strategy
The Property is strategically located in the geographic heart of Sydney's North Shore office market, just 12km north of the Sydney CBD. This A-Grade building has a total Net Lettable Area (NLA) of 44,271sqm across twin 21 level towers, and has one of the largest commercial carparks on the North Shore with a total of 799 spaces. With 41 individual tenants, the Property boasts an enviable diversified tenant mix, with AAA rated state and federal government tenants making up 40% of the Property's net income.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return -0.1% 3.01% 5.94% 45.24% 28.71% 31.01% -% -%
Growth return 0% -% -% -% -% -% -% -%
Income return -0.1% -% -% -% -% -% -% -%
Market index (S&P/ASX 200 A-REIT TR)
Total return 9.7% 16.75% 36.08% 36.58% 8.42% 11.44% -% 10.52%
As at 31 Jul 2019. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

No asset allocation data available.
Average Allocation of Peers
Property
94.18%
Australian Equities
3.79%
International Equities
0.35%
Cash
1.64%
Fixed Interest
0.01%
Alternatives
0.01%

General Information

Fund Details
Type Description
Centuria Zenith (Wholesale)
Closed
Centuria Property Funds Limited
CNT0030AU
Unlisted and Direct Property
Not Rated
Investment Fund
29 Jul 2016
n/a
$1.2 (as at 30 Jun 2019)
$1.2 (as at 30 Jun 2019)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.56% (as at 30 Jun 2017)
Minimum initial investment $5,950.00
Minimum redemption amount

FAQs about the Centuria Zenith

The objective of the Centuria Zenith managed fund is Centuria Property Funds (Centuria) as responsible entity for the Centuria Zenith Fund (Fund) is acquiring a 50% freehold interest in The Zenith, 821 Pacific Highway, Chatswood, Sydney NSW. The financial year ending 30 June 2017 is expected to deliver a strong distribution yield of 7.60%, growing to 7.70% in the financial year ending 30 June 2018, that will be 70% and 100% tax deferred respectively (Australian tax residents only).

The strategy of the Centuria Zenith managed fund is The Property is strategically located in the geographic heart of Sydney's North Shore office market, just 12km north of the Sydney CBD. This A-Grade building has a total Net Lettable Area (NLA) of 44,271sqm across twin 21 level towers, and has one of the largest commercial carparks on the North Shore with a total of 799 spaces. With 41 individual tenants, the Property boasts an enviable diversified tenant mix, with AAA rated state and federal government tenants making up 40% of the Property's net income.

The APIR code of the Centuria Zenith managed fund is CNT0030AU.

Centuria Zenith’s total return last month was -0.1%. This was made up of a growth return of 0% and an income return of -0.1%. These returns were calculated as at 31 Jul 2019.

Centuria Zenith’s total return for the last three months was 3.01%. This was made up of a growth return of -% and an income return of -%%. These returns were calculated as at 31 Jul 2019.

Centuria Zenith’s one-year total return is 45.24%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Jul 2019.

Centuria Zenith’s one-year total return is 31.01%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Jul 2019.

The asset allocation of the Centuria Zenith managed fund is :

Property
100%
Australian Equities
0%
International Equities
0%
Cash
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Centuria Zenith managed fund is Centuria Property Funds Limited.

The Centuria Zenith managed fund belongs to the Unlisted and Direct Property sector/asset class.

As at , the size of the Centuria Zenith managed fund was $ million.

The Centuria Zenith managed fund has an inception date of 29 Jul 2016.

The current entry price of the Centuria Zenith managed fund is $1.2 per unit and the current exit price is $1.2 per unit (as at 30 Jun 2019).

The current exit price of the Centuria Zenith managed fund is $1.2 per unit and the current entry price is $1.2 per unit (as at 30 Jun 2019).

The minimum initial investment amount for the Centuria Zenith managed fund is $5,950.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.