Century acquires $36.41 million in properties
Century Funds Management, OFM Investment Group’s newly acquired property funds management arm, has recently purchased two properties for $36.41 million.
The acquired assets are a $7.75 million office block in Artarmon, NSW, and a $28.66 million bulky goods retail centre in West Gosford, NSW.
The Artarmon purchase will feature in the Century Balanced Fund No 1, while the West Gosford centre has been structured as a standalone, close-end trust vehicle.
The acquisitions see Century’s total funds under management rise to $580 million.
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