Bayleys Funds and Investment Products - Previous Offers
Centuria 8 Central Avenue Fund (Australia)
Offer Open date: 14 October 2013
Manager: Centuria (Australia)
Providing investors with the opportunity to diversify their portfolio out of New Zealand, this investment was a single asset, closed-end unlisted property fund that acquired a 50% interest in 8 Central Avenue, Australian Technology Park, Sydney, New South Wales, Australia.
This impressive office complex was built in 2010 and strategically located within the Australian Technology Park (ATP), approximately 2.5 kilometres south of the Sydney GPO, and within 400 metres of both Redfern Train Station and the University of Sydney. At the time of the offer major tenants included Seven West Media Group and NSW State Government with a weighted average lease expiry of 12.67 years by income. The minimum investment was A$50,000 with A$5,000 increments thereafter.
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