Centuria Capital Group

What Centuria Capital Group does

Centuria Capital Group (ASX:CNI) is a publicly listed Australian real estate investment and funds management company established in 1998, operating across Australia and New Zealand with offices in Sydney, Melbourne, Perth, and Brisbane. The group manages $21.8bn in assets under management as at 31 December 2025, spanning two listed REITs (Centuria Industrial REIT ASX:CIP, the largest domestic pure-play industrial REIT in the S&P/ASX 200; Centuria Office REIT ASX:COF, the largest pure-play office REIT in the S&P/ASX 300), multiple open-ended and closed-ended unlisted property funds (Centuria Diversified Property Fund, Centuria Healthcare Property Fund, Centuria Agriculture Fund, plus sector-specific funds), real estate debt funds through the Centuria Bass Credit joint venture ($2.3bn AUM, 182 loan facilities, 92% first mortgage exposure), and tax-paid investment bonds through Centuria Life Limited ($0.9bn AUM, APRA-regulated friendly society). The platform serves approximately 100,000 investors and 2,300 tenant customers across more than 400 properties with 95% average occupancy.

The business model is anchored on recurring funds management fees on AUM, supplemented by property leasing income from a diversified tenant base spanning government, multinational corporations, ASX-listed entities, and sector-specific operators (healthcare, agriculture); interest income from commercial real estate debt; one-time property development profits (often via joint ventures); and investment bond fees. Distribution combines ASX-listed securities, an adviser network supported by a dedicated adviser portal (adviserserve.com.au) with CPD training, PDS access, and SOA templates, a 24/7 self-serve Centuria Investor portal, and direct enterprise relationships with institutional capital partners (Starwood Capital, BGO) for wholesale and institutional mandates.

Underlying technology and capabilities include a fully integrated platform performing property acquisition, funds management, asset and facilities management, property development, and leasing in-house; weekly cross-functional pipeline meetings for investment assessment; the Centuria Bass Credit lending platform with disciplined origination and lifecycle management; NABERS-rated sustainability analytics; and a 50% stake in ResetData enabling sovereign AI Factory (AI-F1) deployment and GPU-as-a-service from repurposed office assets. Recent strategic activity includes the 2024 acquisitions of Primewest Group and a 50% stake in ResetData, plus the December 2025 acquisition of Arrow Funds Management (agriculture vertical expanded to $1.3bn). FY26 guidance is 13.6cps OEPS, upgraded from HY26 delivery of 6.6cps.

Name

Centuria Capital Group

Legal name

Centuria Capital Limited

Website

https://centuria.com.au

Company type

Public

Founded year

1998

Operating status

Operating

Short description

Centuria Capital Group (ASX:CNI) is a publicly listed Australian real estate investment and funds management company managing $21.8bn AUM across listed REITs, unlisted property funds, real estate debt, and investment bonds, serving more than 100,000 investors and 2,300 tenant customers across 400+ properties in Australia and New Zealand.

Ownership category

akta.pro rank

Product category

Real Estate Funds Management

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525), Open-End Investment Funds (525910), Trust, Fiduciary, and Custody Activities (523991)

SIC

Investors, Nec (6799), Real Estate Agents & Managers (For Others) (6531), Real Estate Investment Trusts (6798)

akta.pro industry

PRIMARYBPAJAMAB

Commercial Real Estate Asset Management

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Real Estate Asset & Portfolio Management

SECONDARYBPAJAMAJ

Real Estate Portfolio & Fund Management (Institutional/REIT/PE)

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Real Estate Asset & Portfolio Management

SECONDARYFSAAAKAD

REITs & Listed Real Estate Securities

Financial & Insurance/Asset & Wealth Management/Asset Management — Real Assets (Real Estate, Infrastructure, Natural Resources)

SECONDARYBPAJAMAH

Healthcare & Senior Housing Real Estate Asset Management

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Real Estate Asset & Portfolio Management

Keywords

• Commercial real estate investment
• Property funds management
• Real estate finance
• Listed property trusts
• Investment bond products

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Funds management fees: Management fees charged on AUM across listed REITs (COF, CIP) and unlisted property funds. Revenue is recurring based on assets under management.
2. Property development profits: Returns from in-house property development projects spanning office, industrial, healthcare, and social infrastructure sectors. Development projects are often structured as joint ventures with partners.
3. Real estate finance / interest income: Interest income from commercial real estate debt facilities originated by Centuria Bass Credit. $2.3bn AUM with 182 loan facilities completed since inception; 92% transactions with first mortgage exposure.
4. Investment bond / LifeGoals fees: Fees from Centuria Life Goals Investment Bond and Education Bond, managed by Centuria Life Limited (APRA-regulated friendly society). AUM of $0.9bn as at 30 June 2025. Tax-paid investment structure.
5. Property leasing income: Rental income from tenant customers across commercial property portfolio including office, industrial, retail, and healthcare properties. Tenant base includes government departments, multinational corporations, and listed entities.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels7 records

Core offering

Centuria Capital Group manages $21.8 billion in assets under management across a diversified real estate investment platform spanning listed REITs (Centuria Industrial REIT ASX:CIP and Centuria Office REIT ASX:COF), unlisted property funds, commercial real estate debt funds via Centuria Bass Credit, and investment bonds via Centuria Life. The group provides fully integrated property and funds management services including property acquisition, asset management, facilities management, property development, and leasing across office, industrial, retail, healthcare, agriculture and data centre sectors in Australia and New Zealand.

Product overview

Centuria Capital Group is a leading Australasian real estate investment and funds management company managing $21.8 billion in assets across a diversified platform. The company operates multiple product lines including two listed REITs (Centuria Industrial REIT ASX:CIP and Centuria Office REIT ASX:COF), unlisted property funds (Diversified Property Fund, Healthcare Property Fund, Agriculture Fund, and sector-specific closed-ended funds), real estate debt funds through Centuria Bass Credit, investment bonds through Centuria Life (LifeGoals Investment Bond and Education Bond), and alternative assets including data centres. The platform offers investment solutions ranging from $10,000 minimum unlisted fund investments to ASX-listed securities, catering to retail investors, wholesale investors, and institutional clients across Australia and New Zealand.

Differentiator

Problem solved

Functional benefit

Brands

• Centuria Industrial REIT (ASX:CIP): Australia's largest domestic pure play industrial REIT, included in S&P/ASX 200 index. Owns portfolio of quality industrial real estate assets in key metropolitan regions.
• Centuria Office REIT (ASX:COF)
• Centuria Bass Credit
• Centuria Life / LifeGoals
• Centuria Diversified Property Fund
• Centuria Healthcare Property Fund
• Centuria Agriculture Fund

Products and services

• Centuria Industrial REIT (ASX:CIP) Australia's largest domestic pure-play industrial REIT, included in the S&P/ASX 200 index, owning a diversified portfolio of quality industrial real estate assets located in key metropolitan regions throughout Australia.
• Centuria Office REIT (ASX:COF) Australia's largest pure-play office REIT, included in the S&P/ASX 300 and FTSE EPRA NAREIT Global Index, owning a geographically diversified portfolio of high-quality office property assets.
• Centuria Diversified Property Fund An open-ended unlisted property fund with a $10,000 minimum investment providing exposure to multiple sectors of the commercial property market including office, industrial, and retail.
• Centuria Healthcare Property Fund An open-ended unlisted property fund with a $10,000 minimum investment focused on healthcare property assets including medical centres, specialist facilities, private hospitals, and residential aged care.
• Centuria Agriculture Fund An open-ended unlisted property fund with a $10,000 minimum investment providing exposure to Australian agricultural properties leased to experienced operators under long-term triple-net agreements.
• Centuria Sydney CBD Prime Office Fund An unlisted property fund providing exposure to an A-grade office tower located in Australia's largest and deepest office market (Sydney CBD).
• Centuria Chadstone Homemaker Centre Fund An unlisted property fund investing in an inner-urban large format retail asset in Chadstone, Victoria.
• Centuria Bass Credit Fund A property debt fund managed by Centuria Bass Credit, a joint venture between Bass Capital Partners and Centuria Capital Group, aiming to deliver attractive income returns with downside protection through first mortgage exposure.
• LifeGoals Investment Bond A long-standing investment bond operated by Centuria Life Limited providing investors access to numerous separate investment options across all major asset classes with a range of best-of-breed active managed funds and low-cost ETFs, with a tax-paid investment structure.
• LifeGoals Education Bond An education bond investment product designed to help investors save for future education costs within a tax-effective investment structure.
• Centuria Bass First Mortgage Funds Wholesale investment vehicles providing commercial real estate debt exposure through first mortgage secured loans to property developers and investors.
• Centuria Bass Credit The commercial real estate finance arm of Centuria Capital Group providing non-bank lending solutions and credit facilities to property developers and investors, with $2.3bn assets under management and 182 loan facilities completed since inception.
• Data Centre Portfolio A growing portfolio of data centre assets valued at over $450 million as at 31 December 2025, including the ResetData AI Factory deployment and Telstra Data Complex development in Clayton, Victoria.
• Bass Property Credit Fund A wholesale real estate debt fund distributed by Centuria Bass Credit providing commercial real estate debt exposure for qualifying wholesale investors.

Quantifiable outcome

• Average 95% occupancy rate across all funds managed by Centuria as at 30 June 2025
• +8 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eleven partnerships are on record, tiered minor and core.

• Asia Pacific Loan Market AssociationminorOthers · 22 June 2026Centuria NZ Industrial Fund secured $117 million in green loans aligned to Asia Pacific Loan Market Association (APLMA) standards for sustainable projects meeting qualifying Green Loan criteria.
• Arrow Funds ManagementcoreStrategic or Co-development Partner · 1 December 2025Centuria Capital Group acquired the Arrow Primary Infrastructure Fund, expanding its agriculture vertical to $1.3 billion. This acquisition strengthens Centuria's position as Australia's largest owner of glasshouse infrastructure.
• Zurich Insurance GroupminorGTM or Marketing Partner · 9 July 2025Zurich secured rooftop branding rights at 140 St Georges Terrace, Perth, transforming the building's skyline presence. This represents a tenant branding partnership at a premium commercial office location.
• BGOcoreStrategic or Co-development Partner · 19 May 2025Centuria and BGO completed a joint acquisition of three off-market Western Sydney warehouses worth $201 million. The joint investment demonstrates Centuria's ability to partner with international institutional capital for portfolio growth in the industrial sector.
• Starwood CapitalcoreStrategic or Co-development Partner · 8 May 2025Centuria secured a $33 million industrial facility in Tottenham, VIC for Starwood Capital's Australian industrial portfolio, expanding Centuria's role as an operating partner for US institutional capital.
• ResetDatacoreTechnology or IntegrationCenturia secured a 50% stake in ResetData, a next-generation cloud services and data storage provider offering GPUaas. Together they delivered Australia's first sovereign AI Factory (AI-F1) and largest supercomputer in Melbourne, transforming underutilised office space into high-revenue AI infrastructure.
• TelstraminorStrategic or Co-development PartnerCenturia Industrial REIT agreed a partial surrender of underutilised land at the Telstra Data Centre Complex in Clayton, Victoria, enabling development of a second separate data centre of up to 40MW capacity.
• Two Good CominorOthersCenturia strengthened its social impact strategy and community engagement by expanding its partnership with Two Good Co, a social enterprise supporting women affected by domestic violence.
• Mirri MirriminorOthersCenturia engaged Mirri Mirri for a cultural awareness presentation during NAIDOC Week to further Centuria's First Nations cultural understanding.
• Activate PerthminorOthersCenturia collaborates with Activate Perth, a not-for-profit organisation that transforms underutilised spaces into thriving dynamic hubs benefiting businesses, artists, and the wider community.
• Real Estate Investment Student Association (REISA)minorOthersCenturia's Sydney team supports REISA through a Silver sponsorship at careers nights, supporting careers in property for students.

Scale indicators18 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Charter Hall Group: ASX-listed real estate funds management group with a similar diversified business model spanning listed REITs, unlisted property funds, and direct property investment. Charter Hall is the most direct competitor to Centuria in integrated Australian real estate funds management.
• Dexus: ASX-listed Australian office REIT and integrated real estate funds manager. Direct competitor to Centuria Office REIT (COF) and comparable in managing institutional-grade office properties with active asset management.
• Mirvac Group: ASX-listed diversified REIT and property developer with active funds management across office, industrial, retail, and residential development. Comparable in scale and multi-sector exposure to Centuria's listed REIT platform.
• Goodman Group: ASX-listed industrial REIT and integrated property group with global industrial logistics assets and funds management. Directly comparable to Centuria Industrial REIT (CIP) for industrial exposure and to Centuria's overall integrated platform model.
• Stockland: ASX-listed diversified property group with office, industrial, retail, and residential land portfolios plus funds management. Comparable in multi-sector property exposure and integrated capital-recycling model.
• GPT Group: ASX-listed diversified REIT (office, retail, logistics, healthcare) with strong institutional management focus. Comparable in sectoral diversification and Australian REIT platform structure to Centuria's CIP/COF dual-listed REIT model.

Regional players

• Growthpoint Properties Australia: ASX-listed REIT investor across office, industrial, and retail properties. Comparable in Australian listed REIT operations but with a less diversified funds management layer than Centuria.
• Australian Unity Office Fund: Australian property fund with office and healthcare exposure. Comparable as a smaller unlisted/listed property fund operator within the Australian market where Centuria competes for investor capital.
• Waypoint REIT: ASX-listed fuel and convenience retail REIT. Indirectly comparable as a sector-specialist Australian REIT, but with a much narrower focus than Centuria's multi-sector approach.

Broad incumbents

• Charter Hall Long WALE REIT: ASX-listed REIT within the Charter Hall Group, comparable to Centuria's healthcare (9yr WALE) and agriculture (13.6yr WALE) portfolios with long-WALE, triple-net lease structures.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/CenturiaGroup
• LinkedInlinkedin.com/company/centuria
• Instagraminstagram.com/centuriagroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles21 records

Subsidiaries13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Centuria Capital Group