Centennial says multistorey is an option for a logistics site in Brookvale acquired from Centuria, while it may expand another site bought from Charter Hall.
For UniSuper the acquisition boosts its exposure to one of the few bright spots within the broader commercial property market, where returns more broadly and valuations have been battered by rising rates.
Investment bank Jarden and property group Cushman & Wakefield have kicked off the year’s biggest real estate sale, seeking a buyer for a half-share of a $3 billion-odd portfolio of industrial properties.