Cooma Centennial Plaza set for official handover

COOMA’s Centennial Plaza will soon be in the hands of Australian property fund manager Natgen, following the completion of a due diligence process on the plaza. Centennial Plaza is one of the region’s largest retail precincts and by the end of March, will be owned by Natgen.

Natgen secured the Coles anchored retail centre in mid-December 2024 and has since undertaken detailed assessments to ensure a thorough understanding of the asset’s condition, operations and future potential. “The Natgen due diligence process involves both external experts and our in-house team to assess everything from building structure and operational aspects to leasing requirements and opportunities,” Natgen managing director, Steven Goakes, said.

As a commercial property fund manager, Natgen identifies, negotiates, and acquires assets like Centennial Plaza through a trust structure, providing investors with an opportunity to own a share of the asset and diversify their portfolios. The trust is managed over a term of approximately five years, offering investors a projected annual income return of around eight per cent from leasing revenue. “This is why due diligence is critical,” Mr Goakes said. “It validates investment assumptions and lays the groundwork for optimising the active management of the asset.”