Centuria Property Funds, the retail investment arm of Centuria Capital, is encouraging "investment in unlisted property as part of a balanced investment portfolio", claiming such investment can also be a key tool in a diversification strategy.
The comments, from fund CEO Jason Huljich, follow two key deals secured by the property investor in December 2012, which he said highlight the "trademark Centuria focus on investor rights".
The first deal was the successful sale of 601 Bourke Street in Melbourne - a site which includes tenants such as CGU Insurance and AGL Limited - for $29.1 million.
The property had performed extremely well during the fund life, Mr Huljich said, adding that his company's record of "hands-on asset management" aided the sale.
The fund also recently completed the acquisition 19 Corporate Drive, Cannon Hill, a commercial property located six kilometres from Brisbane's CBD, forking out $23.3 million for the new investment.
"We've placed the property in a single asset, closed-end unlisted property fund which has already been commended for its high level of income return, forecast capital gain and its industry-leading governance structure," Mr Huljich said.
