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Showing 11 - 20 of 25 results for "Industrial REIT"

REIT revises up portfolio value

KANIKA SOOD  |  MONDAY, 6 JUL 2020
Centuria Industrial REIT (CIP) has increased its portfolio value by 1.3% compared to the previous book value. The REIT, which only invests in industrial property, conducted external valuations for 30 of its 51 properties which are about half of the ...

HUB24, Pinnacle say goodbye to S&P/ASX 200

KANIKA SOOD  |  FRIDAY, 12 JUN 2020
... and exchange closures. Effective June 22, HUB24 and Pinnacle will be removed from the S&P/ASX 200 while Centuria Industrial REIT will be added to it. AMP will slip out of the S&P/ ASX 50 with its spot going to A2 Milk, in the only change to the 50 biggest ...

Centuria reveals new fund manager

ELIZA BAVIN  |  TUESDAY, 17 SEP 2019
Centuria Property Funds has appointed Jesse Curtis as fund manager of Centuria Industrial REIT. Curtis will take over from current fund manager, Ross Lees, who was recently promoted to head of funds management for the wider Centuria real estate platform. ...

New leadership for fund manager

ELIZABETH MCARTHUR  |  FRIDAY, 21 JUN 2019
... strong commitment to promote from within." McBain congratulated Ross Lees, currently fund manager to Centuria Industrial REIT "CIP" on his promotion to head of funds management across the entire group. "Ross has made a strong contribution to his current ...

Property fund hires manager

KANIKA SOOD  |  WEDNESDAY, 5 DEC 2018
... million which is says is an 8.7% premium to its latest book value. The property was sold to sister REIT Centuria Industrial REIT (CIP) who issued trust units to raise money for the acquisition. "The sale is in line with our continued focus on identifying ...

Centuria REIT sees $755m off-market takeover

KANIKA SOOD  |  FRIDAY, 14 SEP 2018
Australia's largest industrial REIT is seeing a $755 million off-market takeover offer from another REIT. PropertyLink Group (PlG) wants to acquire the all outstanding units in the Centuria Industrial REIT (CIP) for a combination of cash and PLG securities. ...

Centuria bets on ex-CBD Sydney office building

KANIKA SOOD  |  MONDAY, 30 APR 2018
... significant interest in CMA in 2014 and now has north of $195 million across Centuria's metropolitan REIT (CMA), industrial REIT (CIP), CNI and now, wholesale funds business. "As a highly respected, prominent real estate investor, the Lederer Group shares ...

Centuria buyout proposal leads to board stoush

ALEX BURKE  |  TUESDAY, 26 SEP 2017
... shareholders would, in turn, receive 5.5c cash, 0.23 Centuria Capital (CNI) shares and 0.23 units in Centuria's Industrial REIT (CIP) per PLG share. PLG's board said this "undervalues PLG, taking into account the nature of consideration, the underlying ...

Family office takes asset manager stake to $55m

ALEX BURKE  |  FRIDAY, 30 JUN 2017
... Group's cornerstone investment in Centuria's Metropolitan REIT back in 2014, of which it now owns 7.3%. The Centuria Industrial REIT also announced a $35 million institutional placement to fund the acquisition of "two strategic assets" with an aggregate ...

Sharing economy to reshape global real estate

MICHELLE BALTAZAR  |  THURSDAY, 4 MAY 2017
Millennials want a lot of space on their smartphones but not so much for a car or self-storage and that's driving global REITs to change tack. AMP Capital Investors director of institutional sales and consultant relations Mark Miness said there's a ...