Centuria Industrial Income Fund No.1

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

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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.