Centuria Diversified Property Fund secures $50m of Industrial Real Estate

Portfolio diversification continues.

  • CDPF settles first industrial asset for $11.75 million
  • CDPF exchanges second industrial fund through development for $38.25 million
  • The Fund is now an SIV Compliant Fund.

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.

More about the Industrial Acquisitions

171 Camboon Road, Malaga WA
171 Camboon Road, Malaga WA
Value$11.75m
Ownership100%
Gross lettable area3,228 sqm
Site area1.8 hectares
Occupancy100%
WALE (income)4.3 years
36 Caribou Drive Direk SA
36 Caribou Drive, Direk, SA4
Value$38.25m
Ownership100%
Gross lettable area21,980 sqm
Site area5.4 hectares
Occupancy100%
WALE (income)15 years

Contact us

For further information please contact our Investor services team on 1300 22 44 24, or email contactus@centuria.com.au.  Alternatively, speak to your financial adviser.


  1. Distributions will be paid subject to the terms set out in the PDS.
  2. Withdrawals are limited to the terms detailed in the PDS and are subject to CDPF’s liquidity policy.
  3. Fund WALE is a forecast as at 1 October 2021, including the new acquisition – 36 Caribou Drive, Direk on an as-if-complete basis.
  4. Settlement of the contract for the purchase of the land is conditional upon receipt of satisfactory DA approval within a prescribed timeframe.

You are now leaving Centuria Australia
and entering Centuria New Zealand.

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