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Centennial Build 2 Core (B2C) Partnership Fund

Industrial development to core fund targeting an IRR of 12% - 14% p.a.

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Centennial targets industrial development in new fund

Centennial Property Group has launched the Build 2 Core (B2C) Partnership Fund to invest in development opportunities in the industrial and logistics sector.

The Fund has a "Build to Core" strategy that targets industrial and logistics development opportunities across Australian capital cities. The Manager intends to invest in a portfolio of up to $650M industrial and logistics properties with a focus on development of vacant and underutilised space in well located and typically inner ring/last mile industrial and logistics sites.

The Fund provides a unique opportunity to invest alongside global investment firm KKR & Co, as the Strategic Investment Partner, which has a 71.2% investment in the portfolio. The Manager is seeking to raise $50M through the issue of 50M units to acquire a 17% interest with the balance to be owned by US based global investor, Sabin Group (10.2%) and Centennial management (1.7%).

The Fund is a total return fund, with the Manager targeting an IRR of 12 – 14% p.a.

The Fund is open to wholesale investors only with a minimum investment of $250,000.

Property has rated the Fund as RECOMMENDED.

Core Property Rating - Recommended

Fund Status - Open

This publication is not and should not be construed as, personal financial product advice, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information (general financial product advice) only. Read more here.