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,
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),
$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 –
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.
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.
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.
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.
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,
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.