Property

CIP Acquires Cargo Park, 1 International Drive, Westmeadows, VIC

15 October 2018

Centuria Industrial REIT (CIP), has acquired a $42.0m1 property at Cargo Park, 1 International Drive, Westmeadows, VIC. The property is strategically located in immediate proximity to Melbourne Airport and is considered the pre-eminent unit estate servicing the precinct. The property is a 25,866sqm multi-tenanted industrial estate located on a prominent 5.6ha freehold site with significant

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Centuria boss says industrial ‘well supported’

30 June 2018

Centuria Industrial boss Ross Lees maintains Australia’s grass-roots economic strength and diverse industrial activity will continue to support demand for mid-range space. Amid heightened nervousness about toppish valuations reflected in record low yields, Mr Lees said of the sector: “It’s not one size fits all.” “What happens inside an office building is all the same.

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Amazon and the changing face of industrial property

20 June 2018

Amazon’s entry into Australia at the end of 2017 has been heralded as a positive force for change – and a catalyst for efficiency improvements within the supply chain. Amazon’s influence will have implications for the way that the retail sector uses warehousing and for industrial property markets more widely. Here Ross Lees, Trust Manager

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Deleveraging, strong leasing activity delivers value for Centuria Industrial REIT investors

5 June 2018

Experience pays off as strong operational results translate into performance for unitholders Centuria Industrial REIT (CIP) today announced a number of key highlights on results achieved since 31 March 2018, including: Reduction in CIP’s gearing to 37.2%1, the result of an accelerated de-­leveraging program, driven by: A revaluation gain of $27.4 million2 from 10 external

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Centuria Industrial REIT secures 83,000sqm lease extension

1 August 2017

Centuria Industrial REIT secures 83,000sqm AWH lease extension Centuria Property Funds No.2 Limited (CPF2L) as Responsible Entity of Centuria Industrial REIT (ASX:CIP) is pleased to announce it has renewed leases with AWH Pty Ltd (“AWH”) at the Trust’s existing asset, 310 Spearwood Avenue, Bibra Lake WA (44,296sqm), and the recently acquired adjoining asset at Lot

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Centuria in largest industrial leasing deal of 2017

1 August 2017

Centuria Industrial REIT secures 83,000sqm AWH lease extension Centuria Property Funds today announced two key leasing deals for its listed industrial trust, Centuria Industrial REIT (ASX: CIP). The trust has renewed leases with AWH, Australia’s largest wool-handling operation, for CIP’s existing asset at 310 Spearwood Avenue, Bibra Lake, WA (44,296sqm), and for the recently-acquired adjoining

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