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Centuria 8 - Capping off a successful six years

On Thursday clients’ holdings in Centuria 8 were redeemed in full.

As a reminder, Centuria 8 is an unlisted property trust which owns a 50% interest in a commercial office building located in Everleigh, NSW (Sydney’s technology park).

During our period of ownership, the unlisted investment was revalued higher several times, which saw the property double in value. It also provided a strong source of income.

This culminated in a return (before fees and taxes) of approximately 173% since inception (a return of approximately 19% per annum), an exceptional return during a period where the broader listed property sector (XPJAI) returned 41%.

We redeemed our holding as part of an effort to diversify client’s property holdings in an environment where office rents are increasingly being challenged.

 

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The above market commentary represents the views and opinions of First Samuel Pty Ltd. Such market commentary contains information of a general nature only. Such market commentary is not intended to provide a sufficient basis on which to make any investment decision and should not be taken as such. It has not taken into consideration your objectives, needs or financial situation. Before making decisions in relation to any financial product, you should always obtain and read any relevant Product Disclosure Statement or information statement and seek personal financial advice.