Investing in Zenith

I looked at Zenith. I think the costs are too high and the real NTA of 86 cents too low for a 7.6% return. To get back to my $1 unit price a 7.5% price uplift of over $21m is required. I think there are better property syndicates around !!

A: Thanks for the feedback.
The NTA quoted in the PDS is based on the external valuation – I think your  “real” NTA is based on the purchase price.  Markets and valuations, as we have seen in the last few days, move on.
In regard to the uplift, Centuria’s valuer says that splitting the title alone (which I understand to be well in hand) adds between 5% and 7% to the property valuation.


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