10.05.2021

CIP Doubles Woolworths’ Lease Term at Warnervale DC

Bolsters its food-related industrial assets Warnervale Distribution Centre (DC) lease term with Woolworths doubled to 10 years Leverages growth in tenant demand for strategic food logistics assets CIP’s NSW portfolio WALE extends to 5.9 years, underpinned by 117,894 sqm of leased space in FY21. Australia’s largest listed industrial fund, Centuria Industrial REIT (ASX: CIP), today announced it secured a further five-year lease extension with Woolworths Group (ASX: WOW) at 2 Woolworths Way,
30.04.2021

Centuria Industrial REIT to Build $88.8m Dandenong Industrial Estate

Acquired an eight-hectare SouthSide Industrial Estate, Dandenong South VIC Entered an agreement to fund-through six high-quality industrial facilities Rare brand-new industrial estate totalling 40,380sqm Increases CIP’s exposure to the tightly held southeast Melbourne industrial market Targeting a Green Building Council of Australia five-star Green Star ratings Australia’s largest listed pure-play industrial fund, Centuria Industrial REIT (ASX: CIP),
24.02.2021

Centuria Cements 62nd Industrial Asset for Pure-Play REIT

$26.25 million Bella Vista warehouse acquisition is the REIT’s 12th transaction in FY21 Largest domestic acquirer of industrial assets in FY21, to date1, totalling $757.2 million FFO earnings2 upgraded twice during FY21 Portfolio value tripled to $2.4 billion and WALE more than doubled to 9.8 years (Dec 2016 –
04.02.2021

COF HY21 results highlights

Centuria Office REIT Fund Manager, Grant Nichols discusses the Fund’s HY21 highlights.
04.02.2021

Centuria Office REIT delivers solid HY21 Results

96.7%1 average rent collection for the period July – December 2020 Strong leasing activity with 28,306 sqm (9.3% of portfolio NLA) secured across 31 transactions2 Young portfolio with a 16.4-year average building age and average 4.8-Stars NABERS energy rating Provided FY21 Funds From Operation (FFO) guidance of 19.4 – 19.9 cents per unit (cpu)3 Reaffirmed FY21 DPU guidance at 16.5 cpu3 Centuria Office REIT (ASX:COF) delivered a solid performance throughout the first half of the 2021 Financial Year (HY21) with significant leasing activity and high rent collection enabling the Trust to reinstate FY21 FFO guidance with a range of 19.4 – 19.9cpu.
02.02.2021

Transformative HY21 Results for Centuria Industrial REIT

A record nine acquisitions worth $694million, increasing CIP’s portfolio to 59 properties and 50% increase in portfolio value from $1.6billion to $2.4billion driven by both acquisitions and valuation uplift; A significant 140,000sqm leased across 14 deals, representing 13% of the portfolio GLA FFO guidance1 upgraded to no less than 17.6cpu; FY21 distribution of 17.0cpu reaffirmed $631million of investment in cold storage facilities and data centres in HY21 Inclusion in the S&P/ASX 200 Index Expanded portfolio WALE2 to 9.8 years with 97.7% occupancy2 Exchanged two Derrimut industrial facilities worth $37.25million in 2H FY21 Centuria Industrial REIT (ASX: CIP) has announced a transformative set of results for the first half of the 2021 Financial Year (HY21) with a record number of acquisitions as well as significant leasing activity within the six-month period.
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.
02.11.2020

Why investors are flocking to the suburbs

Centuria Office REIT (ASX: COF) Fund Manager, Grant Nichols, weighed into JLL’s research about the strength of decentralised office markets from an investment perspective. Listen to his interview on JLL’s Perspectives podcast. You can read the full article on JLL’s site too.
26.10.2020

The importance of geographically dispersed portfolios

by Jason Huljich, Joint CEO The old adage, never put all your eggs in one basket, couldn’t be more true for real estate fund managers in today’s COVID-impacted investment market. So, let’s have a look into a few baskets. In the first basket, there is the consideration for asset class diversification – industrial, healthcare, retail, hotel,
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.