Bayleys Funds and Investment Products - Previous Offers
Centuria 175 Castlereagh Street Fund (Australia)
Offer Open date: 21 November 2012
Manager: Centuria (Australia)
This investment was a single asset, closed-end unlisted property fund that acquired the commercial property located at 175 Castlereagh Street, Sydney CBD, Australia, offering New Zealanders the opportunity to diversify into the Australian market.
The building comprised of 4 levels of basement car parking, two ground floor retail tenancies and thirteen upper levels of office accommodation. It was located in the midtown precinct of Sydney CBD that had undergone recent revitalisation and had been substantially refurbished. At the time of the offer the offer the property was 93% leased (55% leased to the NSW State Government). The minimum investment was A$50,000.
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