Centuria Property Funds No. 2 Limited (CPF2L) as Responsible Entity of Centuria Industrial REIT (ASX:CIP), is pleased to provide CIP’s operating update for Q1 FY19.
Key Highlights
• Leases agreed for 29,113sqm or 3.9% of portfolio area
• $114 million of transactional activity
• Revaluations increase pro-forma NTA3 by 5.1%
Property portfolio and leasing
Ross Lees, CIP Fund Manager, commented, “Centuria’s active management approach has continued to deliver strong leasing outcomes across the portfolio. During Q1 FY19, terms were agreed1 on a further 3.9% of the portfolio’s lettable area. Importantly, a key FY19 priority is being addressed through the de-risking of known expiries within the Victorian sub-portfolio. Pleasingly, terms have been agreed1 across 10.4% of the Victorian sub-portfolio.”
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