Centuria Capital Acquires South Australia’s Largest Glasshouse Asset from Dutch-based Priva Group for $70 Million

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Centuria Capital ($ASX:CNI) is an Australian-based real estate and infrastructure investment manager. It is a publicly traded company with a market capitalisation of over $2 billion. The company has a presence in Australia, New Zealand and the United Kingdom, and invests in a range of asset classes including office, retail, industrial, residential, hospitality, healthcare and agriculture. The Dutch-based Priva Group has recently sold South Australia’s largest glasshouse asset, Sundrop Farms, to Centurial Capital Group’s managed fund, the Centuria Agriculture Fund, for $70 million. Sundrop Farms is a state-of-the-art greenhouse facility and is one of the most advanced horticulture projects in the world. This acquisition represents another major investment by Centuria Capital in the agriculture sector.

The company has previously invested in other farming operations across Australia, such as the Goulburn Valley horticulture project and the Kingaroy horticulture project. The acquisition of Sundrop Farms is also expected to create hundreds of jobs in the area. The facility offers a range of horticultural services and products to local and international markets. It is estimated that the facility will have a significant impact on the local economy, creating jobs and providing an important source of income for the local community. Overall, the acquisition of Sundrop Farms by Centuria Capital is a positive development for both companies involved as well as for the local South Australian economy.

Stock Price

The news has been welcomed by the media and the market, with CENTURIA CAPITAL stock opening at AU$1.8 and closing at AU$1.7, a 3.3% decrease from the previous closing price of 1.8. The acquisition will also provide Centuria Capital with access to an extensive network of buyers, suppliers and other stakeholders who have an interest in the glasshouse business. The glasshouse asset itself is a state-of-the-art facility that comprises of four hectares of land, four hectares of glasshouses and a further two hectares of open space. It is one of the largest greenhouses in South Australia, and is expected to help Centuria Capital expand its operations in the area. Furthermore, the acquisition will provide Centuria Capital with a platform to expand its presence in the Australian market.

The deal is also expected to benefit Priva Group, who will now be able to focus its resources on other projects. It is also believed that the sale of the glasshouse asset will help Priva Group to reduce its overall debt burden. Overall, the acquisition of South Australia’s largest glasshouse asset by CENTURIA CAPITAL is a significant milestone for both companies and could prove to be a fruitful investment for Centuria Capital in the long run. The positive media coverage and market response to the news is a testament to this. Live Quote…

About the Company

Key Ratios Snapshot

Some of the financial key ratios for Centuria Capital are shown below. More…

VI Analysis

CENTURIA CAPITAL is a company that is classified as ‘cheetah’ according to the VI Star Chart, indicating it has achieved high revenue or earnings growth, but is considered less stable due to lower profitability. This makes it an attractive opportunity for investors who are looking for high growth potential and are willing to take on the risk of lower stability. The company is strong in assets, dividend, and growth, and medium in profitability. It has a high health score of 10/10 with regard to its cashflows and debt, making it capable to sustain future operations in times of crisis. The fundamentals of the company can be seen through the VI app, which offers a simple analysis of CENTURIA CAPITAL’s long-term potential. This makes it easy for investors to assess the company’s financials, cash flows, and other factors that indicate its performance and stability. Investors who are interested in this company should consider its growth potential, while also being aware of the risks associated with investing in a less stable company. It is important to do research and understand the company’s fundamentals before investing in CENTURIA CAPITAL. More…

VI Peers

Its competitors include L E Lundbergforetagen AB, Tikehau Capital SCA, and BBX Capital Inc. All of these companies are well-established in the industry and have solid track records of delivering value to their investors.

– L E Lundbergforetagen AB ($OTCPK:LBGUF)

Lundbergforetagen AB is a Swedish-based family-owned investment company with a portfolio of businesses in various industries. Founded in 1919, Lundbergforetagen has grown to become one of the largest and most respected investment companies in the world. As of 2022, the company has a market cap of 10.58 billion and a return on equity of 7.11%. This is indicative of its strong financial health, as it has maintained consistent returns despite the volatile nature of the market. The company has a diversified portfolio that ranges from investments in real estate to financial services to industrial production. It also invests heavily in research and development, helping to create innovative solutions that can benefit society.

– Tikehau Capital SCA ($OTCPK:TKKHF)

Tikehau Capital SCA is a leading European asset and investment management firm that specializes in private debt, private equity, real estate, and infrastructure investments. The company has a market capitalization of 4.41 billion euros as of 2022 and a return on equity of 10.72%. Tikehau Capital SCA primarily serves institutional investors and companies, and also provides alternative investments to retail investors globally. The company’s goal is to deliver attractive and sustainable returns to its clients by leveraging its experience, network and resources. Tikehau Capital SCA has a solid financial base, market expertise, and a strong track record of success, which has enabled it to become a dominant player in the European asset and investment management industry.

– BBX Capital Inc ($OTCPK:BBXIA)

BBX Capital Inc is an American publicly traded company that invests in and manages real estate and other investments. The company has a market cap of 148.91M as of 2022, a Return on Equity of 9.52%. This market cap indicates BBX Capital Inc is a mid-size company and its ROE of 9.52% suggests that the firm is financially sound and able to generate profits from its investments. BBX Capital Inc also owns, operates and franchises real estate, hospitality, golf and entertainment businesses.

Summary

Investing in Centuria Capital can be a great option for those looking to diversify their portfolio and benefit from the company’s long-term success. Centuria Capital is a diversified property investment and funds management group that operates in Australia, New Zealand, and the United Kingdom. The company has an extensive portfolio of investments including residential, commercial, industrial, and retail properties. Centuria Capital has a strong track record of delivering attractive returns to investors. The company is well-known for its commitment to acquiring quality assets and delivering consistent returns over the long-term.

In addition, Centuria Capital has a reputation for careful stewardship of its assets and a disciplined approach to risk management. The company’s recent acquisition of South Australia’s largest glasshouse asset from the Dutch-based Priva Group for $70 million is an example of its ability to source attractive investments that have the potential to deliver strong returns over the long-term. This acquisition further strengthens Centuria Capital’s position in the Australian property market. Centuria Capital also has a wide range of investment products and services designed to meet the needs of investors. These products include direct investments in property, as well as managed funds and other investment vehicles. Centuria Capital offers investors the opportunity to access a diversified portfolio of investments with a focus on delivering attractive returns over the long-term. The company also offers investors access to professional advice on the most appropriate investment strategies for their individual circumstances. With its strong track record, commitment to quality investments, and wide range of products, Centuria Capital is an attractive option for investors looking to diversify their portfolios.