Bayleys Funds and Investment Products - Previous Offers
Centuria 10 Spring Street Fund (Australia)
Offer Open date: 8 May 2013
Manager: Centuria (Australia)
This investment was a single asset, closed-end unlisted property fund that acquired the substantially refurbished 14 level office tower at 10 Spring Street, Sydney, offering New Zealanders the opportunity to diversify into the Australian market.
The property was located in Sydney’s core financial precinct with a total net lettable area of 13,871sqm. At the time of the offer the property was 81% occupied with a mix of government, education, financial and logistics tenants and the potential to add value via leasing along with foyer refurbishment and repositioning of retail. The minimum investment was A$50,000 with A$5,000 increments thereafter.
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