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.
Recommended for you
AZ NGA has partnered with an Adelaide-based accounting and financial planning practice as it expands its presence in South Australia.
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
ASIC has cancelled the AFSL of a Melbourne-based managed investment scheme operator over a failure to pay industry levies and meet its statutory audit and financial reporting lodgement obligations.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
