Fund status: Open for investment – with a limited amount of units available for investment
APIR CNT8216AU
The Fund has acquired a modern, purpose-built logistics facility which is 100% leased to Blackwoods, a subsidiary of ASX-listed Wesfarmers.
The Fund’s drawn debt is fully hedged at a rate of 3.30% until the end of November 2025 (in addition to bank margin of 1.45%) 4 which assists in providing an attractive, tax-effective forecast return of 7.55% (annualised) in FY25 1,2.
Situated in the gateway to Central Queensland’s regional markets, the property is strategically located in Mackay’s main industrial precinct of Paget at 69-79 Diesel Drive in close proximity to the city’s airport and intermodal terminal. Furthermore, the asset is also well positioned to benefit from continued investment within the mining, engineering, technology and services sectors within the region.
Constructed in 2014, the property features a Weighted Average Lease Expiry (WALE) of 4.51 years by income3 and has the potential to add value through future expansion of the warehouse.
The Fund was awarded a ‘Recommended’ rating by Core Property Research in November 20225. Please download and read the research report.
The fund has a limited amount of units available for investment. If you would like to receive a Product Disclosure Statement for the Centuria Industrial Income Fund (Fund), please complete the expression of interest form below.