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Centuria Industrial REIT Acquires Three Assets, Expands Portfolio to over $3B

Centuria Industrial REIT (ASX: CIP), has secured three high-quality industrial assets worth $86.1million on a blended initial yield of 5.0% and a portfolio Weighted Average Lease Expiry (WALE) of five years.

All properties are 100% occupied.

Following settlement of the acquisitions, CIP’s portfolio will increase to 66 properties worth over $3.0billion. All three assets were secured off-market.

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