CIP’s portfolio increases to over $3.0 billion, 66 high quality industrial properties1
Acquired three industrial assets, off-market, worth $86.1 million, blended 5.0% initial yield, avg. 5.8 year WALE
Builds on exposure to core infill landholdings in tightly held Melbourne & Sydney markets.
Centuria Industrial REIT (ASX:CIP), has secured a high-quality industrial portfolio worth $86.1 million on a blended initial yield of 5.0% and a portfolio Weighted Average Lease Expiry (WALE) of 5.8 years.
Australia’s largest single-asset retail cap raise in 15 years1
Centuria acquires $224 million Footscray A-Grade office building, 100% occupancy with 11.8 year WALE2
Australia’s largest single asset unlisted fixed term fund retail capital raise in 15 years1– $133 million equity target
Forecast FY22 distribution yield of 5.25%3,4 growing to 5.35%4 in FY23
Strong tenant covenants,