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Company News Summary

Centuria Industrial REIT Acquires Three Assets and Expands Portfolio to Over $3bn

11 Jun 2021  |  09:48:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: CIP Acquires Three Assets, Expands Portfolio to over $3B

Centuria Industrial REIT secured three high-quality industrial assets worth $86.1m on a blended initial yield of 5.0% and a portfolio Weighted Average Lease Expiry (WALE) of five years. All properties are 100% occupied. Following settlement of the acquisitions, the Company's portfolio will increase to 66 properties worth over $3.0bn. The transaction will be funded through existing debt facilities.

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