A prime industrial investment opportunity offering attractive, tax-deferred income underpinned by blue-chip tenants.
You are now leaving Centuria Australia
and entering Centuria New Zealand.
The Centuria Port Adelaide Industrial Fund is a new, unlisted property fund that will hold a 100% interest in the Port Adelaide Distribution Centre – a premier industrial estate situated in Adelaide’s well-established, North West precinct that has one of the lowest industrial vacancy rates in Australia1.
The Property is located next door to the Osborne Naval Shipyard, the Port of Adelaide and major transport corridors, making it a foundational part of the industrial landscape in Adelaide.
8.50% p.a.
Forecast average annual distribution rate over initial Fund term2
15%
Modelled target IRR (pre-tax, post fees)3
60%
Tax-deferred in FY264
5-year
Initial Fund term5
Important information
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 this sector, including climate and environmental risks. 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 IM and understand the risks of investing. Centuria and its associates will receive fees in relation to an investment in the Fund as disclosed in the IM. Investment in the Fund is subject to risks including possible delays in payment or loss of income and principal invested. Centuria does not guarantee the performance of the Fund.
Liquidity/Fund term
Investors cannot withdraw their investment during the five-year initial investment Fund Term. The initial Fund term may be extended – refer to the terms and conditions in the IM.
Register your interest
Complete this form to express interest in the Centuria Port Adelaide Industrial Fund and receive a copy of the Information Memorandum when it becomes available.
*indicates a required field.
1. CBRE Research 2Q25.
2. Forecast average annual distribution over the initial five-year Fund term and assumes that settlement of the property will occur on or around 1 November 2025. Forecast distributions shown are annualised and pre-tax. Distributions will be paid if declared by Centuria Property Funds Limited and will be subject to the terms, assumptions and risks set out in the IM. The forecast distribution rate is predictive in nature and is subject to assumptions, risks and circumstances (both known and unknown) outside of the control of the Fund. These assumptions include that all tenants will satisfy their contractual obligations under their respective leases within a timely manner, there are no significant unforeseen capital costs or material changes to the Fund’s financial obligations. The actual returns may differ from the target/forecast return. The responsible entity does not guarantee the performance of the Fund, the repayment of capital or any income or capital return.
3. Modelled target IRR applying assumptions including terminal cap rates for the property. The modelled target IRR is subject to due diligence and the modelled return is not a forecast and is provided for the information of Financial advisers only. The modelled target IRR is net of fees, pre-tax and based on Centuria’s acquisition modelling but is highly contingent on the key future assumptions, which are not contracted or certain. No guarantee is made that the modelled target IRR, or any of the assumptions and variables used to calculate the IRR, will be achieved and the actual IRR may differ materially from the modelled IRR.
4. Forecast distributions are expected to be 60% tax deferred for FY26 and 45% for FY27.
5. Initial Fund term may be extended – refer to terms and conditions in the Information Memorandum.
Disclaimer: Centuria Property Funds Limited (ABN 11 086 553 639 AFSL 340 304) (CPFL) is the responsible entity for the Centuria Port Adelaide Industrial Fund (CPAIF) (Fund). CPFL is a wholly owned subsidiary of the Centuria Capital Group (Centuria) (ASX:CNI). It is intended that an Information Memorandum (IM) for the Fund will be issued on or around 1 September 2025. You should obtain and read a copy of the IM relating to the Fund before making a decision to invest. The IM for the Fund will be made available from Centuria’s website (www.centuria.com.au). The information in this communication 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 advisor before investing.