Centuria Capital has made practical use of a recent acquisition, opening up an office at 348 Edward Street - a building the company purchased in late 2019 for $89 million.

Joint CEO Jason Huljich said the strong growth in assets under management across the Queensland market over the past 12-18 months had made the opening of the Brisbane office a logical move and was consistent with Centuria’s philosophy to provide full asset management services across its portfolio where feasible.

At a glance:

• Centuria Capital has opened a new office at 348 Edward Street, Brisbane - a building it purchased late last year for $89 million.
• David McGuigan has been appointed General Manager for the office, which will house nine staff initially.
• Centuria’s current Queensland portfolio consists of 43 assets with over 100 tenants and a portfolio value of about $1.6bn. 

“With the Brisbane market already constituting about 20 per cent of Centuria’s AUM, the opening of the office is in line with the company’s strategy to accelerate AUM growth, with Brisbane a favoured market," he said.

“The new Brisbane-based team, including asset management, property management, facilities management and distribution staff, are excited about the opening of the 348 Edward Street office and look forward to further expansion of the group in the state.”

Centuria Capital General Manager for Queensland David McGuigan. Source: Centuria Capital

Having opened this month, the new office will initially house nine staff and include the newly appointed General Manager of Queensland, David McGuigan.

Commenting on the new position, Mr McGuigan said he looked forward to helping the company maintain a local presence.

"With the proven growth and growth targets that Centuria is looking to achieve in South East Queensland, as well as the belief in a hands-on approach to managing property, it is perfect timing to establish a Brisbane base."

Centuria’s current Queensland portfolio consists of 43 assets with over 100 tenants and a portfolio value of about $1.6bn. 

Click here for more information about Centuria Capital.

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