Market Herald logo


Be the first with the news that moves the market

One of the largest social and affordable marketing partnerships in NSW has been established with Centuria partnering with Compass Housing and Tetris Capital.

This partnership will source, deliver and develop 192 dwellings across four properties across the Hunter and Central Coast Regions.

This is part of the Government’s National and affordable Housing agreement and the NSW State Government’s Social and affordable housing fund.

CEO of Centuria Jason Huljich hopes to expand operations across the state and country.

“This is a new growth opportunity for Centuria’s real estate division. We are focused on identifying further opportunities to establish similar models, which can be rolled out across projects in other NSW regions and other states,” he said.

Centuria have also announced its intention to commence a market buy-back of 10 percent of securities over the next 12 months.

“Our investment in the Social and Affordable Housing Sector is an example of a new business initiative with strong underlying fundamentals, good growth opportunities and the potential to be a strong, ongoing revenue contribution,” John McBain Group CEO.

Please find announcement attached here

CNI by the numbers
More From The Market Herald
Wisr (ASX:WZR) - CEO, Anthony Nantes

" Wisr (ASX:WZR) adds $123m in originations to loan book

Wisr (WZR) has added another $123 million in originations to its loan book during the recently completed September quarter.
Humm Group (ASX:HUM) - CEO, Rebecca James

" hummgroup (ASX:HUM) 1Q22 business update

hummgroup (HUM) is trading in the green following the company’s business update for the first quarter of the 2022 financial year.
Laybuy (ASX:LBY) - Managing Director, Gary Rohloff

" Laybuy Group (ASX:LBY) signs new £30 million loan

Laybuy Group (LBY) has signed a new £30 million (A$55.3 million) debt facility with US specialist lenders Partners for Growth.

" NSX (ASN:NSX) enters Q2 focused on Saudi Arabian stock exchange

NSX Limited (NSX) capped off its first quarter of FY22 with more cash in the bank and plans to potentially open another stock