The company’s joint head, John McBain, says things have been helped by combined fees and a business that has expanded through direct real estate deals and corporate activity.
Centuria Capital is keen to establish more property funds, both listed and unlisted, after lifting its group assets under management beyond $20 billion during its 2021-22 first half and upgrading its earnings guidance for the year.
“That retail mum and dad market that we monitor every hour, that is a good yardstick for people investing in everything, not just property. And we are seeing a big resurgence of interest from our retail network.”Operating profit after tax rose 73 per cent to $58.7 million, while net profit, which brings to book changes in asset values, more than doubled to $112.7 million.
“We would like to build funds around those agricultural investments. How we do it just depends,” Mr McBain said.“It could be done in an unlisted way. It could be done with a combination of retail investors. It could be done with an unlisted institutional mandate.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Adam Bandt unveils $20b plan for coal workforce transitionIn a bid to hasten the transition to renewables, Adam Bandt wants coal communities and workers to receive wage subsidies and cash for early retirement.
Read more »
Energy crisis LIVE updates: AEMO chair Anna Collyer backs Labor’s $20b grid planBeijing has warned Australia to respect its national security interests following Chinese fighter jet incident; Boris Johnson has survived a vote to oust him as UK prime minister. Follow the updates here.
Read more »
Ramsay confirms $20b takeover offerA consortium led by private equity group KKR has approached Ramsay Healthcare with an $88 per share takeover offer.
Read more »
Ramsay confirms $20b takeover offerA consortium led by private equity group KKR has approached Ramsay Healthcare with an $88 per share takeover offer.
Read more »
Jeff Bezos loses $20b in hours as Amazon shares slumpShares of the e-commerce company slumped 14 per cent after it reported a quarterly loss and the slowest sales growth since 2001.
Read more »