Investment Opportunity

Centuria NZ Healthcare
Property Fund

Exposure to the sought-after healthcare real estate sector with monthly cash distributions and the potential for capital growth.

For more information including a copy of the Product Disclosure Statement and a full length video, please contact the Bayleys Salesperson who informed you of the Centuria NZ Healthcare Property Fund Limited offer.

0800 BAYLEYS (229 539)

Established in 2022, Centuria NZ Healthcare Property Fund Limited (the Fund) provides investors with exposure to the sought-after healthcare real estate sector along with monthly cash distributions and the potential for capital growth.

With the Fund’s strong long-term fundamentals, combined with the improving economic backdrop, Centuria believe now is an opportune time to seek further investment in the Fund, laying the platform for its next phase.

Key highlights

  • 6.41% p.a. initial forecast pre-tax cash distribution for the financial periods ending 31 March 2026 and 2027, paid monthly.1
  • Favourable after-tax distributions for the financial periods ending 31 March 2026 and 2027 compared to a fully taxable investment. Further taxation benefits are provided via PIE structure.
  • $10,000 minimum investment. Open to all in New Zealand.
  • Opportunity to purchase new shares at 78 cents per share (original offer price $1.00).
  • 21 aged care properties provide geographic diversification and exposure to both metropolitan areas and regional areas catering to local demand where bed shortages are expected to occur.
  • 26 year triple net leases (described below) with rights of renewal totalling a further 60 years, taking the final expiry through to the year 2112, providing a long term income stream.
  • Annual rental growth built in, linked to CPI (minimum 1%, maximum 4%).
  • Strong tenant and sector – Heritage Lifecare is one of NZ’s leading and largest aged care operators in a sector seeing strong and increasing demand with NZ’s rapidly ageing population. The sector also has high levels of recurring Government funding (estimated at 57% directly from the Government and an additional approximately 13% funded indirectly via residents’ pensions).
  • Portfolio of significant size and scale with a total valuation of $172 million.2
  • Intention to grow over time and increase diversification via strategically selected healthcare related real estate acquisitions.
  • Centuria NZ, well established and experienced manager, part of Centuria Capital Group, with approximately A$20.5 billion of Trans-Tasman assets under management.3 With a strong track record, Centuria have thousands of wide ranging and long-standing investors.

1 Forecast pre-tax cash distribution for the financial periods ending 31 March 2026 and 31 March 2027, based on an issue price of $0.78 per share and forecast distributions of 5.00 cents per share per annum. 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.
2 Valuation as at 31 March 2025.
3 Assets under management as at 31 December 2024. Includes assets contracted to be settled, cash and other assets.

What is a triple net lease?

Each lease is a “triple net lease”. A triple net lease means that the Fund, as the landlord, is insulated from all liability in relation to the current properties to the maximum extent permitted by law.

For example, any costs of capital expenditure, repair, maintenance and other works whether structural or otherwise are not the Fund’s responsibility. Each lease stipulates the tenant is responsible and has the same liabilities in regards to the premises as if the tenant was the “owner”. This is widely considered the most landlord friendly form of lease.

Watch a video

Centuria NZ Healthcare Property Fund

Watch a brief 30 second video about the Centuria NZ Healthcare Property Fund investment opportunity.

Cameron Bagrie

Former ANZ Bank Chief Economist Cameron Bagrie provides his thoughts.

For more information including a copy of the Product Disclosure Statement and a full length video, please contact the Bayleys Salesperson who informed you of the Centuria NZ Healthcare Property Fund Limited offer.

0800 BAYLEYS (229 539)

Centuria NZ Healthcare Property Fund Limited is the issuer of the shares. A Product Disclosure Statement for the offer of shares is available, and can be obtained by contacting the Bayleys Real Estate agents listed in this advertisement. Nothing in this advertisement constitutes an invitation to subscribe for, or an offer of, shares or financial products to any person, in any country, in which it would be unlawful to do so. Terms used in this advertisement have the same meaning as defined in the Product Disclosure Statement, unless the context suggests otherwise. 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