Why fund managers see an AI infrastructure kicker inside Centuria Capital
Centuria Capital's diversified property funds management platform includes a 50% stake in Reset Data, one of only three NVIDIA-certified cloud partners in Australia.
29 Jun 2026 · 5 min read
In short
Centuria Capital holds a 50% stake in Reset Data, one of only three NVIDIA-certified Neocloud partners in Australia, according to SG Hiscock & Company.
The company raised $300 million, equivalent to 17.6% of its market capitalisation, to fund debt reduction, property investments and Reset Data's expansion.
Centuria has outlined three AI Factory GPU deployment opportunities of 3MW, 7MW and 13MW, with potential initial revenue from FY27 to FY28.
Property fund manager Centuria Capital Group has become an unlikely beneficiary of the AI infrastructure buildout through its 50% stake in Reset Data, an Australian Neocloud provider. SG Hiscock & Company's May 2026 Monthly Report described Reset Data as one of only three NVIDIA-certified cloud partners in Australia, an asset it believes is materially underappreciated by the market relative to peers such as unlisted competitor Firmus and Nasdaq-listed Sharon AI.
A diversified property platform with an AI data centre kicker
The core business remains a scaled, diversified real estate funds management platform. SG Hiscock's August 2025 Monthly Report detailed a strong FY25 result ahead of guidance and consensus, with FY26 guidance of 13.4 cents per share implying around 10% growth, 5% above market expectations, and a target to deliver $1 billion in gross acquisitions the following year that the manager viewed as achievable given Centuria's scaled, diversified platform and distribution channels. Yarra Capital Management's own August 2025 report pointed to improving property fundamentals, asset valuations likely past trough levels, and falling borrowing costs as tailwinds for a business it expects to benefit from an improving transaction environment and better fund inflows.
We believe this asset is materially underappreciated by the market relative to peers such as unlisted competitor Firmus and Nasdaq-listed Sharon AI.
— SG Hiscock & Company, Monthly Report, May 2026
Pendal Group's June 2026 Newsletter detailed how Centuria is funding the next phase of growth, raising $300 million, equivalent to 17.6% of its market capitalisation, with proceeds initially used to reduce debt and fund its investment in the World Square office tower syndicate in Sydney. Over time, the capital will be deployed to expand Reset Data and support growth in private credit, with Pendal noting the company has provided colour on three AI factory graphics processing unit deployment opportunities of 3MW, 7MW and 13MW, with potential initial revenue timing from FY27 to FY28.
What managers are watching next
SG Hiscock's May 2026 report attributed a further share price gain that month to meaningful progress at Reset Data in terms of customer wins and pipeline development, describing this momentum as a key catalyst. With the $300 million capital raise providing dry powder for both the core real estate platform and the Reset Data buildout, managers are watching how quickly the AI Factory GPU deployment pipeline converts into revenue from FY27 onward.
Questions
What is Reset Data?
Reset Data is an Australian Neocloud compute provider, 50% owned by Centuria Capital Group, and one of only three NVIDIA-certified cloud partners in Australia, according to SG Hiscock & Company.
Why did Centuria Capital raise $300 million?
Centuria Capital raised $300 million, equivalent to 17.6% of its market capitalisation, to initially reduce debt and fund its investment in the World Square office tower syndicate, with further capital earmarked to expand Reset Data and support private credit growth.
What is Centuria Capital's core business?
Centuria Capital is a scaled, diversified Australian real estate funds management platform spanning distribution centres, office, agriculture and real estate credit, alongside its stake in AI infrastructure provider Reset Data.
6 managers, 11 comments, with each manager's latest recorded position.
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