Core Property has reviewed the Centuria Port Adelaide Industrial Fund, the latest offering by Centuria Property Funds Limited, a wholly owned subsidiary of Centuria Capital Limited (ASX: CNI), an ASX-listed property manager with over $20 billion of assets under management.
The Fund provides the opportunity to invest in the Port Adelaide Distribution Centre, an established and prominent industrial estate located in Gillman, SA.
The Property provides a Core investment strategy for the key industrial and logistics site in close proximity to Port Adelaide, SA. The Manager is targeting distributions of 7.50% p.a. (annualised) in FY26, increasing to 8.50% in FY27 with the potential for capital upside through targeted rental increases over time.
The Fund is seeking to raise $116.7M through the issue of 116.7M units at $1.00 per unit.
The Offer is accessible to retail and wholesale investors through a retail investor Product Disclosure Statement or a wholesale investor Information Memorandum. The Fund will be open for applications on 8 September 2025 and will close once fully subscribed or 30 September 2025.
Core Property has rated the Fund as RECOMMENDED.