Core Property has reviewed the Centuria Chadstone Homemaker Centre Fund, a property fund that invests in a prime Large Format Retail property located in Chadstone VIC, 17km south of the Melbourne CBD.
The Responsible Entity (RE) of the Fund is Centuria Property Funds No.2 Limited, a wholly owned subsidiary of Centuria Capital Group (ASX: CNI), a leading Australian and New Zealand property fund manager with $21.8 billion of assets under management.
The Chadstone Homemaker Centre is a prominent Large Format Retail (LFR) Centre in a blue-chip location within 1km of the Chadstone Shopping Centre.
- The Property is a fully enclosed centre, which is 100% leased to leading tenants including Bunnings, Freedom, Snooze, The Good Guys, REVO Fitness and Petstock. All tenants have fixed rental increases of either 3.0% or CPI-linked, providing support for income growth.
- The Fund has a core investment strategy to maintain the high demand for the centre as an LFR destination, which is supported by expected population growth and forecast LFR spending in the area.
- The RE is targeting distributions of 7.0% p.a.1. in FY27 and FY28
The RE is seeking to raise $51.8M through the issue of 51.8M units at $1.00 per unit. The Offer is available to retail investors with a minimum subscription of $50,000.
Core Property has rated the Fund as RECOMMENDED*.
Note 1: The RE intends to pay a coupon rate of interest to investors on application monies up until the day before the settlement date of the Property. The coupon interest will be at a rate of 5.0% p.a., pro rata for the period 9 April 2026 until 16 June 2026. From 17 June 2026, the RE is targeting distributions of 7.0% p.a. in FY27 and FY28.