Centuria Capital drops plans to list Centuria Property Trust CENTURIA Capital has decided not to go ahead with its proposed listing of Centuria Property Trust, which was to own the $312 million Northpoint Tower in North Sydney. Centuria was last night trying to keep the float alive after its bookbuild failed to draw sufficient support from institutions. But it could not win over enough support from these larger players. Centuria said that "whilst there was good support for the Trust's strategy and management, Centuria is disappointed the offering did not receive sufficient demand to complete the IPO notwithstanding the strong lead from domestic and Asian retail investors." Centuria said it remained committed to delivering quality real estate investment funds for its clients and wanted to create a listed real estate funds management platform under listed property chief executive Nick Collishaw. Centuria Capital separately appointed Mr Collishaw to the board of Centuria Capital and chairman Roger Dobson said" "Centuria is firmly committed to establishing a listed property trust vehicle under the guidance of Mr Collishaw and his experience and counsel will be a welcome addition to our board."