17.11.2020

$171m Cold Storage Portfolio Acquired by Centuria Industrial REIT

• Three high-quality, cold store industrial facilities acquired for $171.1million on an average initial yield of 5.62% • Portfolio is 100% occupied, with an average 6.4 year Weighted Average Lease Expiry (WALE) across the QLD, NSW and VIC assets • A $125 million, fully underwritten institutional placement will be undertaken to partially fund the acquisition • Centuria’s funds have acquired c.$1.1 billion of industrial assets within 12 months.
13.10.2020

Centuria Opens Expanded Woolworths Regional Distribution Centre

Townsville DC becomes a Game-Changer for Woolworths Centuria Industrial REIT (ASX: CIP) has announced its Jay Street, Bohle (Townsville) distribution centre’s expansion has completed and sole tenant, Woolworths, officially opened the facility on Friday 2 October. The Townsville Regional Distribution Centre (TRDC) completed a six-month $12m redevelopment, doubling its footprint to 10,416sqm and enabling Woolworths to improve its stock availability to North Queensland.
06.10.2020

Centuria Industrial REIT Acquires $43m Ormeau Cold Storage Warehouse

1 Lahrs Road, Ormeau, Queensland   Modern 9,554sqm cold facility in Ormeau, QLD, acquired with an initial yield of 5.5% 6.5-year WALE, 100% occupied Capitalises on demand for cold storage facilities, which currently outweighs supply Services the non-discretionary food related market. Centuria Industrial REIT (ASX: CIP) has acquired a 9,554sqm cold facility in Ormeau, Queensland, for $43m on an initial yield of 5.5%,
31.08.2020

CIP expands portfolio: Acquiring two industrial assets

Centuria Property Funds No. 2 Limited (CPF2L), as Responsible Entity of Centuria Industrial REIT (ASX: CIP), has announced the acquisition of two industrial assets collectively worth $32.5m, with 100% occupancy and an average WALE of 8.0 years. The acquisitions build on CIP’s strategy to acquire fit-for-purpose, high-quality industrial assets in key in-fill locations throughout Australia. Both assets expand CIP’s presence in core industrial markets,
04.08.2020

Centuria Announces Board Changes

Centuria has announced the appointment of Natalie Collins to the Boards of Centuria Property Funds No. 2 Limited (CPF2L), Centuria Life Limited (CLL) and Over Fifty Guardian Friendly. Roger Dobson has also been announced as the new Chairman of CPF2L. The appointments coincide with the reorganisation of several boards including: CPF2L is the Responsible Entity of Centuria Industrial REIT (ASX: CIP) Centuria Property Funds Limited (CPFL) is the Responsible Entity of Centuria Office REIT (ASX: COF).
12.06.2020

Centuria Celebrates its Industrial REIT’s ASX-200 Status

Today, Centuria Capital Limited (ASX:CNI) celebrated the announcement that its Industrial Real Estate Investment Trust (REIT) will enter the S&P/ASX200 Index, from Monday 22 June 2020. Centuria Industrial REIT (CIP) is Australia’s largest domestic pure play industrial REIT with 49 high-quality assets, worth $1.6 billion, located in last-mile and infill locations across major industrial markets. Jason Huljich,
14.04.2020

Centuria Industrial REIT successfully raises $130 million

Centuria Industrial REIT (ASX:CIP), successfully completed a fully underwritten institutional placement announced on 9 April 2020 raising $130 million. The New Units were issued at a price of $2.62 per New Unit, and the proceeds from the equity raising will be used to further strengthen CIP’s balance sheet and provide funding flexibility to execute CIP’s strategy of owning quality industrial assets located within infill markets close to major infrastructure.
17.12.2019

Property Market Outlook: What’s ahead for 2020

Industrial and commercial property sectors are on track to remain strong, assisted by the poor-performing retail sector and record low rates. But as Jason Huljich explains, not all markets are performing equally. Commercial markets retain bullish outlook Melbourne’s commercial sector is the most buoyant but there will be a lot of supply coming onto the city over the next three to four years.