Core Property has reviewed the Centennial Metro Industrial Fund, an open-ended unlisted property fund that invests in a portfolio of industrial and logistics properties across Australia.
The Fund is managed by CPG Property Management Pty Ltd, which forms part of Centennial, a leading independent property investment manager with $2.8 billion of assets under management.
The Fund aims to capitalise on Centennial’s industrial and logistics property experience and track record by investing in industrial and logistics properties in key urban infill locations.
- The Fund was established in January 2026 with two properties in Prestons NSW and Salisbury South, SA, and is looking to acquire a new institutional-grade industrial estate in Willawong QLD, increasing the portfolio to $138M. The Manager intends to continue to diversify the portfolio to $250M - $500M within 2-years, with further acquisitions thereafter.
- The Manager is targeting the Fund to deliver an IRR of 13%+ p.a., through a combination of Core, Core Plus and Value-Add strategies.
The Fund is open to wholesale investors with a minimum investment of $100,000.
Core Property has rated the Fund as RECOMMENDED.