Company News Summary
Centuria Industrial REIT Provides Q3 FY 2022 Operating Update
27 Apr 2022 | 10:01:00 | Associate analysts | Increase | Decrease | 
Original announcement: Q3 FY22 Operating Update
Centuria Industrial REIT provided Q3 FY 2022 operating update. It continues to work with its tenant customers to help reduce their greenhouse emissions through sustainability initiatives across the REIT's assets. During the quarter, works commenced on a new 1.5-megawatt solar project at 2 Woolworths Way, Warnervale NSW in partnership with Woolworths. It acquired three strategic urban infill industrial properties for a combined $55.8m and two development assets with a combined estimated completion value of c.$119m. The acquisitions expand its portfolio to 85 high-quality industrial assets and a total portfolio value of $4.0bn. Several acquisitions adjoin existing CIP assets, providing further land consolidation within the supply-constrained industrial markets.
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