INDUSTRIAL REAL ESTATE INVESTMENTS
Centennial provides investors with access to industrial and logistics real estate investments through professionally managed real estate investment funds, focused on metro industrial and last-mile logistics assets strategically located in Australia’s most supply-constrained infill markets.
Investing in Industrial & Logistics property funds.
As a leading property investment company in Australia, Centennial delivers industrial property investments designed to generate stable income and long-term capital growth.
Centennial has a strong presence in Australia’s industrial real estate investment sector, leveraging deep market knowledge and long-standing relationships to source high-quality industrial investment properties in strategic locations.
Industrial and logistics property in Australia is experiencing sustained demand due to:
- Growth in e-commerce and third-party logistics
- Structural shifts in supply chains
- Major investment in transport and infrastructure
- Limited availability of well-located metro land
These factors have created a shortage of modern industrial assets in metro and last-mile locations, underpinning rental growth and long-term value.
Investing in a Centennial-backed industrial property fund provides investors with exposure to institutional-grade industrial and logistics assets, with the potential for regular income streams and capital appreciation.
WHY INVEST IN INDUSTRIAL REAL ESTATE?
Metro Industrial + Logistics (I+L)
Centennial established its Metro Industrial & Logistics (I+L) platform to focus on an underserved segment of the market – specifically urban infill and last-mile industrial assets sought by tenants requiring smaller tenancies between 1,000 and 10,000 sqm.
Industrial tenants – including logistics, warehousing, and distribution operators – typically commit to long-term leases, delivering stable and predictable cashflow. This makes industrial property investing particularly attractive for income-focused investors.
Demand for Metro I+L assets has increased significantly due to the e-commerce boom, population growth, and infrastructure investment. These forces continue to support higher risk-adjusted returns compared to broader industrial markets.
Our industrial property investment funds target:
- Mid-space distribution centres
- Urban logistics hubs in core freight corridor
- Assets anchored by essential supply-chain tenants
This strategy delivers resilience through diversification, lease security, and strong rental growth potential.
METRO I+L
Investing in industrial properties alongside Centennial.
Centennial’s reputation within the industrial funds management sector is built on its ability to identify mispriced, last-mile industrial real estate investment opportunities and actively unlock value.
Importantly, we invest alongside our investors in every industrial real estate investment fund.
As an active Australian real estate investment manager, Centennial has successfully completed over 100 capital raisings across industrial property funds, property syndicates, and institutional mandates.
Our expertise spans:
- Industrial property funds
- Single-asset property syndicates
- Institutional joint ventures
- Large-scale industrial mandates
This capital-ready approach allows Centennial to act decisively on off-market industrial property investments.
MANAGER TRACK RECORD
MANAGEMENT
IRR FOR SOLD PROPERTIES
*As at 1 July 2026
INDUSTRIAL PROPERTY FUNDS
What makes industrial property an attractive investment?
Industrial property’s appeal is driven by its ability to deliver reliable income and long-term value creation.
Key fundamentals supporting industrial property investment funds include:
- Strong and growing tenant demand for industrial assets
- Longer lease terms compared to residential property (generally 3+ years)
- Strategic proximity to infrastructure, transport corridors, and end customers
- Increasing land values and rental reversion potential through active management
- Value creation through refurbishment, repositioning, and redevelopment
These characteristics underpin industrial property’s position as a core component of commercial property investment portfolios.
KEY DRIVERS
What's driving industrial investment demand?
Australia’s industrial real estate investment market has demonstrated exceptional resilience, reinforcing its role as a cornerstone of commercial property investing.
Metro I+L Assets Critical to the Supply Chain
Transport costs represent 45–70% of total logistics expenses. Metro-located logistics facilities enable tenants to reduce costs by operating closer to end customers, driving sustained demand for infill industrial assets.
Population Growth Tailwinds
Australia is forecast to experience the fastest population growth among developed economies, requiring approximately 9 million sqm of additional industrial space by 2030 to service this growth.
Strong Leasing Demand
Warehouse facilities under 10,000 sqm account for over 75% of leasing activity in 2024 YTD, supported by embedded demand from tenants occupying obsolete or inefficient stock.
Severe Land Constraints
Last-mile industrial land supply is extremely limited, with sites increasingly withdrawn for higher-value uses such as residential development – enhancing the scarcity and value of existing industrial assets.
Rental Outperformance in Infill Markets
Eastern Seaboard vacancy rates for infill industrial assets sit at ~1.9%, compared to 3.5% in outer-ring markets. As a result, infill assets have delivered stronger rental growth (~8.9% YoY vs 4.0% for non-infill markets).
Source: Cushmand Wakefield Research
THE CENTENNIAL DIFFERENCE
Specialist Industrial funds management.
Centennial’s differentiated mid-space industrial strategy, targeting assets generally under 10,000 sqm in metro and last-mile locations, has delivered a ~20% weighted average IRR on sold assets.
Our competitive advantage includes:
Market intelligence – regular analysis and daily industry engagement
Exploiting market inefficiencies – targeting poorly managed or presented properties; distressed sellers and assets requiring specialised management focus
Leveraging relationships – tapping into our deep networks and deploying capital quickly to capitalise on industrial property investments often made off-market
Active management – improving tenancy profiles and rolling out capital works programs to optimise rental returns. Improve tenant mix and quality, drive net operating income and limit operating expenses
Formulate multiple exit strategies – starting with the end in mind by determining optimum exit timing through lease expirations and selling at the top of market cycles
ABOUT THE MANAGER
Why Centennial?
Centennial is a specialist real estate investment manager with a proven track record across industrial, logistics, commercial, retail, and mixed-use property investments.
- Current portfolio of $2.8bn across office, industrial, retail, and mixed-use sectors
- We invest alongside our investors, with an average IRR of ~20% across realised assets
- Longstanding relationships with agents and tenants across metro logistics markets
- Active, on-the-ground management focused on tenant retention and value creation
If you’re considering investing in an industrial property fund, speak with your financial adviser or contact Centennial directly.
OUR PORTFOLIO
Metro Industrial+Logistics
- Metro Industrial+Logistics
19 Enterprise Street, Cleveland, QLD
- Metro Industrial+Logistics
50-80 Manton Street, Morningside, QLD
- Metro Industrial+Logistics
15 Daniel Street, Wetherill Park
- Metro Industrial+Logistics
81-87 Beauchamp Road, Matraville, NSW
- Metro Industrial+Logistics
142-162 & 172 Sherbrooke Road, Willawong, QLD
- Metro Industrial+Logistics
6 Ash Road, Prestons, NSW
- Metro Industrial+Logistics
Turin Place & Bremem Drive, Salisbury South, SA
- Metro Industrial+Logistics
95 Mina Parade, Alderley, QLD
- Metro Industrial+Logistics
8 Dunlop Court, Bayswater, VIC
- Metro Industrial+Logistics
600 Geelong Road, Brooklyn, VIC
- Metro Industrial+Logistics
980 Lytton Road, Murarrie, QLD
- Metro Industrial+Logistics
103 Riverview Road, Riverview, QLD
- Metro Industrial+Logistics
670 MacArthur Avenue, Pinkenba, QLD
- Metro Industrial+Logistics
418 Somerville Road, Tottenham, VIC
- Metro Industrial+Logistics
540-604 Warrego Highway, North Tivoli, QLD
- Metro Industrial+Logistics
8 Blanck Street, Ormeau, QLD
- Metro Industrial+Logistics
43 Clinker Street, Darra, QLD
- Metro Industrial+Logistics
8 Weddel Court, Laverton North, VIC
- Metro Industrial+Logistics
8-14 West Court Derrimut, VIC
- Metro Industrial+Logistics
337-349 Foleys Road, Deer Park, VIC
- Metro Industrial+Logistics
45-49 Vella Drive, Sunshine West, VIC
- Metro Industrial+Logistics
18-20 Law Court, Sunshine West, VIC
- Metro Industrial+Logistics
9-11 Somerton Park Drive, Campbellfield, VIC
- Metro Industrial+Logistics, Regen+
383 Boundary Road, Truganina, VIC
- Metro Industrial+Logistics
11-25 Toll Drive, Altona, VIC
- Metro Industrial+Logistics
5-9 Kitchen Road, Dandenong, VIC
- Metro Industrial+Logistics, Regen+
Wynnum West Industrial Park, QLD
- Metro Industrial+Logistics
115-121 Jedda Road, Prestons, NSW
- Metro Industrial+Logistics
680 Macarthur Avenue, Pinkenba, QLD
- Metro Industrial+Logistics
29 Parker Court, Pinkenba, QLD
- Metro Industrial+Logistics
North Lakes Industrial Estate, QLD
- Metro Industrial+Logistics
Doherty Industrial Estate, QLD
- Metro Industrial+Logistics
Queensport Industrial Estate, QLD
- Metro Industrial+Logistics
63 Tile Street, Wacol, QLD
- Metro Industrial+Logistics
64-68 Brickyard Road, Geebung, QLD
- Metro Industrial+Logistics
Lot 3, 27 Alick Road, Tottenham, VIC
Register your Interest
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Please note that we are only able to accept investors who are ‘Wholesale Clients’ under the Corporations Act 2011 (Cth).