Centuria Industrial REIT (ASX:CIP) is Australia’s largest ASX-listed, income focused industrial property investment vehicle and is included in the S&P/ASX300 index. CIP owns a portfolio of 41 high quality industrial assets with a value of approximately $1.2 billion. The properties are located in key metropolitan locations throughout Australia.
Centuria Property Funds No. 2 Limited (CPF2L), a wholly-owned subsidiary of Centuria Capital Group (ASX:CNI), is the Responsible Entity for CIP. CPF2L, combined with Centuria Property Funds Limited (CPFL), the Responsible Entity for the ASX listed Centuria Metropolitan REIT (ASX:CMA), has $4.8 billion of assets under management across 15 unlisted property funds, one open-ended diversified property fund and two listed REITs.
CNI is an ASX-listed specialist investment manager with approximately $5.6 billion in total assets under management.
CIP owns a portfolio of quality industrial real estate assets, which are actively managed and aim to deliver stable and predictable rental income through strong portfolio occupancy and a long weighted average lease expiry profile. There is also the potential for value uplift through diligent asset management and repositioning strategies. Distributions to Fund unitholders are paid quarterly.
All figures are current as at 31 December 2018