Centuria celebrates its Industrial REIT’s ASX200 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, Centuria’s Joint CEO, said, “This is an especially significant milestone to have our industrial REIT enter the S&P/ASX200. It’s a relatively young entity, which makes it exciting to be among Australia’s largest listed companies.
“It’s amazing to look back on what CIP has achieved in such a short time. We are proud of its achievements and have our eye firmly set on continuing to grow the vehicle and deliver strong returns to our investors.”
CIP came under Centuria’s control in January 2017 and, since then, Centuria has actively managed and significantly grown the industrial REIT.
Mr Huljich, continued, “It’s a proud moment to reflect on the recognition we are receiving from the market today. We are differentiating from competitors with our pure-play offer and it seems this distinction is resonating well with our investors.
“CNI prides itself on the hands-on, active management of its portfolios. We deliver exceptional tenant relations, and professional facilities and building management to maximise returns for investors.
“I have to credit the team for their proactive asset management and quick-thinking approach to securing high-quality assets.”
Within the past six months, CIP has made substantial additions to its portfolio including the acquisition of Arnott’s Brisbane and Adelaide factories in a sale and leaseback deal worth $236.2 million, last December.
Centuria also manages Australia’s largest domestic pure-play listed office fund, Centuria Office REIT (ASX:COF).
Centuria has 13 unlisted commercial and diversified funds. In addition, it has nine dedicated unlisted, closed healthcare funds as part of Centuria Healthcare.