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- Centuria Capital (CNI)
- Centuria Office REIT (COF)
- Centuria Industrial REIT (CIP)
- Centuria Capital No.2 Fund (C2FHA)
7.00% p.a. forecast distribution1,2,4
paid monthly
5.76 year
WALE3
Five year
initial investment term
$50,000
minimum investment
Centuria Industrial Income Fund No.2
Fund status: Open for investment – with a limited amount of units available for investment
APIR CNT8216AU
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 has recently fixed its debt at a rate lower than forecast, enabling the Fund to increase its attractive, tax-effective forecast returns to 7.00% p.a. (annualised) in FY231,2 and FY244,2.
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 5.76 years by income3 and has the potential to add value through future expansion of the warehouse.
Core Property Research has recently awarded the Fund a ‘Recommended’ rating. 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.
Fully leased
industrial asset
Secure income
subsidiary of
ASX-20 company
3.00%-3.50% p.a.
rent reviews
Development
potential
Fund highlights
- Five year initial investment term
- Modern blue-chip logistics facility leased to Blackwoods, a subsidiary of ASX-listed Wesfarmers
- $50,000 minimum investment
- High-quality asset, constructed in 2014 and under institutional ownership since completion
- DA approval to expand the warehouse.
Forecast distribution yields
Forecast distribution yields
The Fund is forecast to provide attractive, tax-effective returns of 7.00% p.a. (annualised) in FY231,2 and FY244,2, with distributions being paid on a monthly basis.
Minimum investment
Minimum investment
The minimum investment in the Fund is $50,000. Centuria may accept investments that are less than this amount at its discretion.
Fund term
Fund term
The Fund will have an initial investment term of five (5) years.
The Fund term may be extended by up to an additional two (2) years by an Ordinary Resolution of the Investors (more than 50% of votes cast are in favour of the extension). The term of the Fund may be extended beyond seven (7) years for up to two (2) years at a time where a Unanimous Resolution is passed by Investors (100% of votes cast are in favour of the extension).
The Fund term may also be extended where a Unanimous Resolution is not passed, but all Investors who voted against the Unanimous Resolution are given an opportunity to have their Units sold or redeemed at the prevailing Withdrawal Price (Liquidity Event). Whether a Liquidity Event is offered is determined by Centuria. Please refer to the PDS for more information about a Liquidity Event.
If a Liquidity Event is not offered by Centuria, then the Fund term will not be extended and Centuria will sell the Property and wind up the Fund.
No redemption facility is available.
Risks
Risks
All investments in unlisted property funds carry risk. As the Fund invests in industrial property, it carries the market and property risks associated with investing in industrial property. As a geared investment, the Fund also carries associated financial and leverage risks. Risks can impact on distribution and capital returns over the term of the Fund. It is important that you read the Product Disclosure Statement and understand the risks of investing.
Express your interest
- Annualised distribution yield for the period 1 March 2023 to 30 June 2023.
- Forecast returns are predictive in nature and are calculated in accordance with a number of underlying assumptions to be set out in the Product Disclosure Statement (PDS), which is dated 14 November 2022. As such, returns may be affected by incorrect assumptions or by known or unknown risks and uncertainties and may differ materially from results ultimately achieved. Returns are not guaranteed.
- Weighted average lease expiry (by gross income) as at 31 March 2023.
- Annualised distribution yield for the period 1 July 2023 to 30 June 2024.
- Distributions will be paid if declared by Centuria Property Funds Limited and will be subject to the terms set out in the PDS.
Disclaimer: Centuria Property Funds Limited (ABN 11 086 553 639 AFSL 231 149) (Centuria) is intended to be the Responsible Entity for the Centuria Industrial Income Fund No. 2 (Fund, ARSN 663 453 487, APIR CNT8216AU). Centuria has applied to register the Fund with the Australian Securities and Investments Commission (ASIC) as a registered managed investment scheme. A copy of the Product Disclosure Statement (PDS) for the Fund is expected to be available on or around 14 November 2022 at www.centuria.com.au/ciif2. This information is general information only and does not take into account the objectives, financial situation or particular needs of any person. You should consider whether this information is appropriate for you and consult your financial or other professional adviser before investing. You can access a copy of this Fund’s Target Market Determination (TMD) document, expected to be available on or around 14 November 2022 at centuria.com.au/design-distribution-obligations-ddo/. You should also obtain and read a copy of the PDS relating to the Fund before making a decision to invest. Centuria and its associates will receive fees in relation to an investment in the Fund as disclosed in the PDS. Investment in the Fund is subject to risk including possible delays in payment or loss of income and principal invested. Centuria does not guarantee the performance of the Fund.