Centuria Capital Group has successfully exchanged conditional contracts to divest two adjoining industrial facilities located at 114 and 120 Old Pittwater Road, Brookvale NSW, which is anticipated to deliver a forecast 13.8% IRR to the assets’ closed-ended fund investors.
Centuria Office REIT’s FY23 results show strong leasing activity improved its portfolio occupancy to more than 97%1.
Centuria Industrial REIT has announced positive year end FY23 results, driven by strong leasing activity – underpinned by an average 30% re-leasing spreads – coupled with a strong balance sheet, low debt gearing and diversified capital structure.
The Centuria Office REIT has opened Adelaide’s newest office building at 57 Wyatt Street within the capital’s CBD, celebrating the milestone with the asset’s new tenant customers.
Centuria Capital Group has secured the c.4,800sqm Busselton Boulevard Shopping Centre, Western Australia, from a local vendor for $16 million.
Centuria Office REIT (ASX:COF), has reported a 53% year-on-year increase in leasing transactions across its portfolio, reflecting improving tenant demand for quality metropolitan, near city and regional office buildings.
Centuria has achieved above prior book value sales premiums for two urban assets in Sydney and the Gold Coast, respectively, which reflect strong demand for well located commercial real estate benefitting from urban regeneration and in close proximity to housing, schools and universities.