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Centuria Capital Acquires Port Adelaide Estate for $216M, Expanding Industrial Platform

Story Highlights
  • Centuria Capital acquired Port Adelaide estate for $216M, expanding its industrial platform.
  • The acquisition is expected to attract investors due to favorable market conditions and growth potential.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Centuria Capital Acquires Port Adelaide Estate for $216M, Expanding Industrial Platform

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Centuria Capital Group ( (AU:CNI) ) has issued an announcement.

Centuria Capital Group has acquired the Port Adelaide Distribution Centre for $216 million, marking Australia’s largest single-asset unlisted industrial fund. This acquisition, secured at a significant discount, expands Centuria’s industrial platform to over $6 billion. The estate’s low vacancy rate and diverse tenant profile present growth and value-add opportunities. The acquisition is expected to attract significant investor interest due to falling interest rates and strong market conditions, with the fund set to offer a forecast distribution of up to 8.50% p.a. by FY27.

The most recent analyst rating on (AU:CNI) stock is a Hold with a A$1.81 price target. To see the full list of analyst forecasts on Centuria Capital Group stock, see the AU:CNI Stock Forecast page.

More about Centuria Capital Group

Centuria Capital Group is an ASX-listed specialist investment manager with $20.5 billion in assets under management as of December 2024. The company offers investment opportunities in listed and unlisted real estate funds and tax-effective investment bonds, leveraging its sector knowledge and client understanding to create rewarding investments.

Average Trading Volume: 1,325,355

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$1.55B

Find detailed analytics on CNI stock on TipRanks’ Stock Analysis page.

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