You are now leaving Centuria Australia
and entering Centuria New Zealand.
The Centuria Diversified Property Fund (CDPF, Fund) has secured two industrial facilities worth $50 million underpinned by blue chip national tenants.
The Fund has settled on the acquisition of a $11.75 million purpose-built vehicle maintenance depot in Malaga, Perth, fully leased to a wholly-owned subsidiary of ASX-100 listed Cleanaway Waste Management Ltd.
Additionally, CDPF has secured a fund through development for a c.22,000sqm industrial warehouse in Direk, South Australia, with an end value of $38.25 million. The development is pre-let to one of Australia’s largest privately-owned steel distributors and manufacturers, Apex Steel Suppliers, on a 15 year lease. Completion is expected in January 2023.
These acquisitions add to the continued diversification and leverage the strong demand for industrial real estate. These industrial assets will increase CDPF’s industrial asset weighting to 21.6% of the total portfolio whilst increasing the portfolio WALE to 5.17 years and portfolio occupancy to 98.9%.
CDPF is a Significant Investor Visa compliant fund, allowing further investment to support growth and diversification of the fund.
As a reminder the CDPF is an open ended unlisted property fund with daily pricing and quarterly redemptions. If you would like to invest please contact our investor services team on 1300 22 44 24.
|171 Camboon Road, Malaga WA|
|Gross lettable area||3,228 sqm|
|Site area||1.8 hectares|
|WALE (income)||4.3 years|
|36 Caribou Drive, Direk, SA4|
|Gross lettable area||21,980 sqm|
|Site area||5.4 hectares|
|WALE (income)||15 years|
For further information please contact our Investor services team on 1300 22 44 24, or email email@example.com. Alternatively, speak to your financial adviser.