Primewest Group
Primewest Group is a Perth-based Australian property fund manager founded in 1995, co-founded by John Bond, David Schwartz, and Jim Litis, that was acquired by Centuria Capital Group in February 2026 and now operates as a wholly-owned subsidiary within its AUD 21.8 billion AUM platform.
- Company typePrivate
- Founded1995
- HeadquartersPerth, Australia
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Primewest Group does
Primewest Group is an Australian property fund manager founded in 1995 and headquartered in Perth. The company was co-founded by John Bond (executive director and co-founder), David Schwartz (co-founder and managing director), and Jim Litis (founder), and operates with 101-250 employees. Its core business is managing property investment funds for investors, distributed primarily through Australian retail, wholesale, and adviser channels.
In January 2021, Primewest raised AUD 60 million in a funding round to support growth. On 25 February 2026, Primewest was acquired by Centuria Capital Group (ASX:CNI), an S&P/ASX 200 listed Australian real estate funds manager with AUD 21.8 billion in assets under management across 400+ properties spanning office, industrial, retail, healthcare, and agriculture sectors. Post-acquisition, Primewest operates as a wholly-owned subsidiary integrated into Centuria's property funds management operations, giving it access to Centuria's listed A-REITs (COF, CIP), unlisted property funds, wholesale debt funds, and LifeGoals investment bond platform.
The company's business model is asset-light and fee-based, generating revenue primarily through recurring management fees on funds under management, supplemented by performance fees and co-investment returns. Its technology stack and proprietary systems are not publicly disclosed in the available source material, and there is no evidence of proprietary AI or data capabilities specific to Primewest. Customer concentration at the Primewest level is not disclosed; the combined Centuria platform serves 100,000+ investors and tenant customers.
Primewest Group firmographics
Firmographics- Name
- Primewest Group
- Website
- https://primewest.biz
- Company type
- Private
- Founded year
- 1995
- Operating status
- Acquired
- Headcount range
- 101–250 employees
- Short description
- Primewest Group is a Perth-based Australian property fund manager founded in 1995, co-founded by John Bond, David Schwartz, and Jim Litis, that was acquired by Centuria Capital Group in February 2026 and now operates as a wholly-owned subsidiary within its AUD 21.8 billion AUM platform.
- Ownership category
- akta.pro rank
Where Primewest Group is headquartered
LocationHeadquarters
- HQ city
- Perth
- HQ country
- Australia
- HQ region
- Oceania
Offices2 records
Markets served
Primewest Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales
Revenue model
- Funds Management Fees: Centuria Capital generates revenue through management fees from its funds management business, including both listed A-REITs and unlisted property funds. Revenue is derived from assets under management across commercial property portfolios spanning office, industrial, retail, healthcare, and agriculture sectors.
- Property Investment Returns: Returns generated from direct property investments and co-investments in the funds' property portfolios, including rental income and capital appreciation.
- Investment Bonds: Centuria Life business offers investment bonds and education bonds, generating fee income from these tax-effective investment products.
- Real Estate Finance: Real estate debt funds managed by Centuria's commercial real estate lending arm, generating income through interest and fees on property debt instruments.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Unlisted Property Funds - varies by fund |
| Subscription | Pay-as-you-go | A-REITs (ASX listed) - market pricing |
| Subscription | Multi-year contract | Real Estate Debt Funds - wholesale |
| Subscription | Annual | LifeGoals Investment Bonds - retail |
Distribution channels5 records
Marketing channels4 records
Primewest Group product offering
Product offeringCore offering
Primewest Group is an Australian property funds management company that manages and invests in commercial property portfolios across Australia. The company provides professional property investment and funds management services to investors, operating within the Australian commercial real estate sector. It was acquired by Centuria Capital Group in 2026 and now operates as part of the Centuria platform.
Differentiator
Problem solved
Functional benefit
Products and services
- Property Funds Management
Quantifiable outcome
- 11.5% increase in operating earnings guidance to AUD 0.136 per security
- +2 more outcomes
Companies that use Primewest Group
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles1 record
Primewest Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Primewest Group partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Primewest GroupcorePrimewest Group is an acquisition target integrated into Centuria Capital Group as part of the company's growth strategy. The integration was mentioned in Centuria's H1 2026 earnings results, indicating Primewest is now part of the expanded Centuria platform.
Scale indicators9 records
Recent moves3 records
Expansion highlights3 records
Primewest Group competitors and assessment
Company assessmentMarket position
Competitive moat3 records
Key highlights5 records
Customer concentration
Primewest Group social profiles
Digital presencePrimewest Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Primewest Group leadership team
Management profileNumber of profiles
Profiles3 records
Primewest Group funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Primewest Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Primewest Group
What does Primewest Group do?
Primewest Group is an Australian property funds management company that manages and invests in commercial property portfolios across Australia. The company provides professional property investment and funds management services to investors, operating within the Australian commercial real estate sector. It was acquired by Centuria Capital Group in 2026 and now operates as part of the Centuria platform.
Is Primewest Group a public or private company?
Primewest Group is a private company. It is classified as corporate owned and is currently acquired.
When was Primewest Group founded?
Primewest Group was founded in 1995. It employs 101 to 250 people.
Where is Primewest Group based?
Primewest Group is headquartered in Perth, Australia, in the Oceania region.
How does Primewest Group make money?
Four revenue lines are on record. Funds Management Fees are the primary driver. The others are property Investment Returns, investment Bonds and real Estate Finance.
Does Primewest Group have an API?
No public API is recorded for Primewest Group.