Industrial property sales tempt investors
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Centuria Industrial Fund, the countryâs largest listed pure-play industrial trust, has boosted its portfolio with a new asset valued at $26.2 million.
Located at Bella Vista in Sydneyâs north, the warehouse will be repositioned and added to its $2.4 billion portfolio.
The Ormeau facility in Queensland is one of the Centuria Industrial Fundâs new acquisitions.
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CIP fund manager Jesse Curtis said the asset would add to the fundâs exposure in the tightly held northern suburbs industrial sector.