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CENTURIA INDUSTRIAL REIT — Capital/Financing Update 2021
Oct 24, 2021
64654_rns_2021-10-24_fa5051e2-0170-4ad6-a417-c4b6183dffae.pdf
Capital/Financing Update
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Centuria Industrial REIT (CIP)
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DIVESTMENT OF 99 QUILL WAY, HENDERSON, WA
SYDNEY (Monday, 25 October 2021) - Centuria Industrial REIT ( ASX: CIP ), has announced that it has entered into a contract for the divestment of 99 Quill Way Henderson, WA. The sale price of $10.5 million reflects a 16.7% premium to the 30 June 2021 book value of $9 million.
99 Quill Way is a 16,419sqm warehouse facility, on a 3.2 hectare site. The property is being sold as vacant possession.
The proceeds will initially be used to repay debt. Settlement is expected to occur in December 2021.
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For more information or to arrange an interview, please contact:
| Jesse Curtis | Tim Mitchell | Alexandra Koolman |
|---|---|---|
| Fund Manager - CIP | Group Head of Investor Relations | Group Communications Manager |
| Centuria Industrial REIT | Centuria Capital Limited | Centuria Capital Limited |
| Phone: 02 8923 8923 | Phone: 02 8923 8923 | Phone: 02 8923 8923 |
| Email: [email protected] | Email: [email protected] | Email: [email protected] |
Authorised for release by Anna Kovarik, Company Secretary.
About Centuria Industrial REIT
CIP is Australia’s largest domestic pure play industrial REIT and is included in the S&P/ASX 200 Index. CIP’s portfolio of high-quality industrial assets is situated in key metropolitan locations throughout Australia and is underpinned by a quality and diverse tenant base. CIP is overseen by a hands-on, active manager and provides investors with income and an opportunity for capital growth from a pure play portfolio of high quality Australian industrial assets.
Centuria Property Funds No. 2 Limited (CPF2L), is the Responsible Entity for the ASX-listed Centuria Industrial REIT (CIP) (ARSN 099 680 252). CPF2L is a wholly owned subsidiary of Centuria Capital Group (CNI). CNI is an ASX-listed specialist investment manager with more than $18billion in total assets under management and strong offerings across listed real estate investment trusts, unlisted real estate funds and investment bonds.
www.centuria.com.au
Centuria Property Funds No.2 Limited ABN 38 133 363 185 | AFSL 340 304
Level 41, Chifley Tower 2 Chifley Square, Sydney NSW 2000
E: [email protected] www.centuria.com.au
T: 02 8923 8923
F: 02 9460 2960