Centuria Industrial REIT (ASX:CIP) settles Arnott's properties in Queensland

Company News

by Rachael Jones

Centuria Property Funds No. 2, as Responsible Entity of Centuria Industrial REIT (ASX:CIP) is pleased to confirm settlement of two industrial assets via a sale and leaseback with biscuit maker Arnotts.

The acquisition of two high quality industrial assets was for $236 million.

They are located at 46 Robinson Road East, Virginia QLD and 23-41 Galway Avenue, Marleston SA.

Shares in Centuria Industrial REIT (ASX:CIP) closed flat at $3.42.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.