$129.4m strategic urban, infill industrial portfolio; 84% weighting to NSW and VIC markets
WALE duration provides value-add opportunities for positive rental reversion in supply constrained markets
Capitalising on tenant demand within last-mile logistics precincts.
Australia’s largest listed pure-play industrial fund, Centuria Industrial REIT (ASX:CIP), today announced it has secured four high quality, eastern seaboard industrial facilities for a collective $129.4 million.
$166m investment in 25 Grenfell Street
50:50 joint venture investment in A-Grade office asset, prime Adelaide CBD location
72% of income secured by Government/ blue-chip corporations; four-year WALE1; c.90% occupancy2
Single-asset, close-ended unlisted property fund.
Centuria Capital Group (ASX: CNI or “Centuria”) and MA Financial Group Limited (“MAF”) have acquired an A-Grade Adelaide office building in a 50:50 joint venture with each entity committing an equal $83.3 million to the acquisition.
City of Salisbury Mayor joins developers and tenant for construction milestone
New Apex SA HQ to be home to 100+ employees;400-500 new jobs created throughout construction
Development adds to burgeoning Northern Adelaide industrial precinct; delivering A-Grade real estate
Asset will be owned by the Centuria Diversified Property Fund (CDPF) on completion
Joint development partners, ASX-200 listed Centuria Capital Group (ASX:CNI) and Samaras Group,