Centuria Capital has expanded its Brisbane presence, and is opening a centrally located office in its 348 Edward St. property, which was acquired by Centuria in late 2019 for A$89 million ($53 million).
Centuria’s current Queensland portfolio consists of 43 assets with over 100 tenants and a portfolio value of A$1.6 billion ($958 million). The strong growth in assets under management across the Queensland market over the past 12 to 18 months has made the opening of the Brisbane office a logical move and is consistent with Centuria’s philosophy to provide full asset management services across its portfolio where feasible. The office opens in March 2020.
Jason Huljich, joint CEO for Centuria, added, “With the Brisbane market already constituting approximately 20 percent of Centuria’s AUM, the opening of the office is in line with the company’s strategy to accelerate AUM growth, with Brisbane a favored market. Direct asset management is part of Centuria’s DNA.
