Centuria NZ Large Format Retail No.1
An opportunity to invest with Centuria in the strong performing large format retail property sector
Centuria NZ Large Format Retail No.1 (the Trust) has acquired two substantial large format retail properties, well located on high profile sites in Auckland and Christchurch. The Trust has significant scale, together with income diversification across 42 tenants, including household names Mitre 10 MEGA, Harvey Norman, Briscoes, Repco and Bed Bath & Beyond.
Highlights of the investment:
- 5 year investment term provides investors a defined investment horizon.¹
- 6.75%p.a. forecast pre-tax cash distribution for the financial periods ending 31 March 2027 & 2028, paid monthly.²
- $25,000 minimum investment.
- PIE structure makes this tax effective for many investors.
- Centuria NZ has significant large format retail experience and a strong track record. Part of Centuria Capital Group, with approximately A$20.6 billion³ of Trans-Tasman assets under management.
- Centuria Platform has co-invested in the Trust and fully underwrote the initial offer.
Property highlights:
- 100% occupied.
- Properties are of a significant size and scale with total valuation of $119.15 million.⁴
- Weighted average lease term of 3.77 years as at 1 February 2026.
- Strong performing property sector – population growth and renewed investor confidence, supported by lower interest rates, are underpinning demand for well-located large format retail assets.
Southgate Shopping Centre, Takanini, Auckland
- 4.5-hectare property.
- 31 tenants, anchored by Mitre 10 MEGA and Briscoes.
- Well located in a prominent corner position, in an area with recent rapid population growth.
Hornby Mega Centre, Hornby, Christchurch
- Nearly 2-hectare property.
- 11 established tenants, anchored by major multinational Harvey Norman.
- Benefits from growing catchment with its high-profile and strategic location on a major arterial.
To request a copy of the original Product Disclosure Statement, please click 'Learn more' below.
¹. The five years commenced on 1 May 2026. There is a risk that investors do not receive back some or all of their investment at the end of the investment term and returns are not guaranteed. Details of the circumstances in which investors may agree to extend the investment term, the manner in which liquidity will be offered to investors at the end of the investment term and the risks associated with this investment are set out in the Product Disclosure Statement.
². Details of how the forecast pre-tax cash distribution is calculated and the risks associated with this investment are set out in the Product Disclosure Statement. Cash distributions are not guaranteed. Actual distribution rates may vary.
³. Assets under management as at 31 December 2025. Includes assets contracted to be settled, cash and other assets.
⁴. Southgate Shopping Centre valuation as at 14 November 2025 and Hornby Mega Centre valuation as at 9 February 2026.
Centuria Platform Investments Pty Limited (the Underwriter) acquired units in Centuria NZ Large Format Retail No.1 (the Trust) pursuant to an offer that has now closed. This advertisement relates to the on-sale of those units by the Underwriter and other parties who have acquired from the Underwriter as sub-underwriters. It does not constitute an offer of units by Centuria Funds Management (NZ) Limited (the Manager) in the Trust. Nothing in this advertisement constitutes an offer of units, shares, securities or financial products to any person, in any country, in which it would be unlawful to do so. To assist in your consideration of the offer, the Underwriter will make available the Product Disclosure Statement, video, webinar and associated materials that were released by the Manager when the units in the Trust were first offered. Prospective investors are recommended to seek professional advice from a financial advice provider which takes into account their personal circumstances before making an investment decision. The selling agents are not providing personalised advice. Important information about the financial advice service provided by Bayleys Real Estate Limited is available at www.bayleys.co.nz/funds
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