Centuria Industrial Income Fund No.1

Industrial fund with three well located assets targeting 6.0%+ distributions

unlisted-image img

Core Property has reviewed the Centuria Industrial Income Fund No.1, the latest offering from Centuria.

The Fund provides an opportunity to invest in a portfolio of three industrial assets located in well established industrial precincts in Boondall QLD, Crestmead QLD and Gillman SA.

The key features of the Fund include:
  • Well located properties with 100% occupancy.
  • Strong tenant covenants and a portfolio Weighted Average Lease Expiry (WALE) of 9.1 years.
  • Targeted distributions of 6.00 cpu  (annualised) in FY21, increasing to 6.25 cpu for FY22.
  • The Fund has an initial term of 6 years.
Core Property has rated the Fund as RECOMMENDED.

Update: The Fund has been oversubscribed and is no longer accepting new investments.

 

Core Property Rating - Recommended

Fund Status - Closed

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.