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Cleveland Industrial Park, QLD

EXCLUSIVE INVESTMENT OPPORTUNITY

Cleveland Industrial Park Trust

An exclusive investment opportunity to invest in the upcoming Cleveland Industrial Park Trust.

The Trust will acquire a highly attractive industrial and logistics facility at
19 Enterprise Street, Cleveland QLD.

To invest in a Trust that will acquire the highly attractive industrial & logistics facility at 19 Enterprise Street, Cleveland, QLD. The property is being acquired for $29.65m, representing a [55%] discount to replacement cost.

The Trust is targeting an IRR of 17% to 19% over the investment term. To achieve this objective, an active leasing and asset management strategy will be undertaken. This includes enhancing the lease profile which is currently [25%] under rented, [12%) vacant and a WALE of [3.5] years, as well as an opportunity to increase the GLA by [2,500 to 3,300] sqm through a warehouse extension.

Register your interest

Complete the form and our Investor Relations team will be in touch.

KEY DATES

  • Expressions of interest –
    Register your interest now
  • Applications open 
    Monday, 24 June 2024
  • Applications due
    Monday, 17 July 2024
  • Settlement
    Wednesday, 31 July 2024

Register Your Interest Form | CIP

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Investment Rationale

6.25% to 6.50% P.A.

TARGET DISTRIBUTION

17% to 19% P.A.

TARGET IRR

55% DISCOUNT

TO REPLACEMENT COST

25% UNDER-RENTED

HIGH EMBEDDED RENTAL REVERSION

LOW 1.4%

BRISBANE VACANCY RATE

39% SITE COVERAGE

POTENTIAL FOR EXPANSION

VIDEO

GALLERY

Get in Touch

Should you have any queries, please get in touch with our Investor Relations team below.

Lyle Hammerschlag

Executive Director of Private Wealth

M+61 419 211 577
Elhammerschlag@centennial.com.au

Dylan Tomkins

Director of Wealth Management

M+61 452 605 909
Edtomkins@centennial.com.au

Nothing in this section of Centennial Property Group’s (Centennial’s) website will form part of or be the basis for any contract or commitment. This section of our website is not an offer or invitation to acquire any securities in Australia or elsewhere. You should carefully read the information memorandum before deciding to invest in the financial product described in that information memorandum, particularly as no cooling-off regime will be available.