Latest news with #CenturiaCapitalGroup
Business Insider
14-07-2025
- Business
- Business Insider
Macquarie downgrades Centuria Capital Group (CNI) to a Hold
Macquarie analyst downgraded Centuria Capital Group to a Hold today and set a price target of A$1.79. The company's shares closed last Friday at A$1.75. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Centuria Capital Group with a A$1.88 average price target. Based on Centuria Capital Group's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$229.42 million and a GAAP net loss of A$518 thousand. In comparison, last year the company earned a revenue of A$136.06 million and had a net profit of A$45.21 million
Herald Sun
02-07-2025
- Business
- Herald Sun
$20m upgrade for TAC HQ targets working parents, access, inclusion
Centuria Capital Group has revealed a $20m planning refurbishment of the TAC building at 60 Brougham St, Geelong. A school zone for working parents to bring their children before and after school is one of the new features a planned $20m upgrade will deliver for workers at Transport Accident Commission's Geelong headquarters. The property's owner, listed $20B real estate funds manager Centuria Capital Group, plans to refurbish the 60 Brougham St building, delivering a suite of new facilities to encourage people into the office, improve its environmental credentials and hopefully win a new lease after 2029. The additions include a gymnasium with an indoor sauna, a cold recovery room and multipurpose room for pilates or yoga; and end-of-trip facilities such as showers, 180 lockers and parking for 80 bicycles. RELATED: New FOMO pressure facing Geelong buyers From shop to shortcut: Laneway wins award Global second-hand fashion fave eyes big entry to Geelong Gender-neutral toilets, a multi-faith room for reflection or prayer, multiple parents rooms with private spaces including microwaves, changing areas, wet areas and various forms of seating are designed to foster inclusion, while the school zone will be fitted with televisions, reading areas and desks. The refurbishment will upgrade the 16-year-old facade by removing panel cladding and coloured boxes around windows; install a new entrance lobby, upgrade bathroom facilities on each floor, including new dedicating facilities for people with a disability; and add a ground floor business hub and meeting areas. Parents room are one of the new features designed to woo office workers, including updated bathrooms and new dedicating facilities for people with a disability on each floor. New facilities will include a sauna, gender-neutral bathrooms and a cold recovery room. More multipurpose spaces will allow for activities within the building. The dormant Corio St retail precinct will have new landscaping, seating and decking, while community gardens and event spaces will maximise other outdoor spaces, including barbecue facilities on the refreshed level five balcony. Head of funds management Jesse Curtis said Centuria wants to make the building 'best in class' and bring 'Park Hyatt luxury to Geelong', with full electrification and targeting a minimum 5.5-star NABERS rating, a 6-star Green Star rating and a WELL Gold rating. 'We've had numerous examples where we've been able to refurbish buildings and retain tenants, and they've been extremely happy and occupied our buildings for a very long period of time,' Mr Curtis said. An artist's render shows how the $20m upgrade would change the exterior of the building at 60 Brougham St, Geelong. End of trip facilities will include storage for 80 bicycles, showers and 180 lockers. The upgrade was planned for the past five years ago, but was delayed by Covid, he said. The refurbishment comes as the TAC considers its next building lease in Geelong when its current lease expires in 2029. While remaining at 60 Brougham St is one option, there's still competition including from approved multistorey office projects within Geelong's CBD. Centuria has a $7B office portfolio across Australia and New Zealand, which focuses on suburban and campus-style buildings, such as the TAC headquarters. The new spaces at TAC are part of a reworking of the building's floorplates to improve efficiency. Landscaping will include decking and seating to activate spaces outside the building. A new-look lobby would welcome people to the building. While there will be an additional business centre and meeting spaces on the ground floor. 'What we've seen across our portfolio – this is probably more general than specific to TAC – is people's use of space is changing,' Mr Curtis said. 'People aren't necessarily taking less space, they're just changing the way they use the space. 'So where we can create a one-stop shop, where you have a gym and different outdoor areas, communal spaces and the ability to collaborate in different ways, or bring that family and home life to be a little more flexible, we're starting to change the way we use our buildings right across our portfolio.' The project is still in planning phase, but work is expected to start in the second half of 2025. 'We're anticipating minimum disruption to our occupied during that period.'
NZ Herald
02-07-2025
- Business
- NZ Herald
Centuria exits $2b Queenstown Lakeview Taumata project before construction begins
Questions are being asked about the New Zealand arm of ASX-listed property funds manager Centuria Capital Group exiting a $2 billion Queenstown development – Lakeview Taumata – before parties even began building. Last month's statement from Centuria Funds Management explained what happened to the project, which local media outlet Crux
Business Insider
20-06-2025
- Business
- Business Insider
Morgan Stanley Remains a Buy on Centuria Capital Group (CNI)
Morgan Stanley analyst Simon Chan maintained a Buy rating on Centuria Capital Group (CNI – Research Report) today and set a price target of A$2.20. The company's shares opened today at A$1.72. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Chan covers the Real Estate sector, focusing on stocks such as Home Consortium Ltd, Scentre Group, and Dexus. According to TipRanks, Chan has an average return of -0.1% and a 42.75% success rate on recommended stocks. The word on The Street in general, suggests a Hold analyst consensus rating for Centuria Capital Group with a A$1.79 average price target. The company has a one-year high of A$2.15 and a one-year low of A$1.46. Currently, Centuria Capital Group has an average volume of 1.29M.
Business Insider
20-06-2025
- Business
- Business Insider
UBS upgrades Centuria Capital Group (CNI) to a Hold
In a report released today, Tom Bodor from UBS upgraded Centuria Capital Group (CNI – Research Report) to a Hold, with a price target of A$1.81. The company's shares opened today at A$1.72. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Bodor covers the Real Estate sector, focusing on stocks such as Goodman Group, Centuria Office REIT, and BWP Trust. According to TipRanks, Bodor has an average return of -0.7% and a 49.52% success rate on recommended stocks. Currently, the analyst consensus on Centuria Capital Group is a Hold with an average price target of A$1.79, representing a 4.37% upside. In a report released on June 18, Bell Potter also upgraded the stock to a Hold with a A$1.80 price target. The company has a one-year high of A$2.15 and a one-year low of A$1.46. Currently, Centuria Capital Group has an average volume of 1.29M.
