• Centuria NZ Industrial Fund

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    Industrial Property Investment

    Centuria NZ Industrial Fund

Centuria NZ Industrial Fund is a limited liability company that was established in April 2018 as an open-ended, unlisted property fund. Its purpose is to provide investors with the opportunity to invest in a portfolio of strategically selected industrial real estate assets that provide both tenant and location diversification within this strongly performing sector of the New Zealand property market. The industrial sector continues to outperform the commercial office and retail sectors, a continuation of the long-term trend we have seen over the past 15 years.

The above stats are as at 31 October 2021

 

 

How has the Fund performed?

Centuria NZ Industrial Fund has performed well with an annualised pre-tax total return (cashflow and capital growth) of 19%1 per annum since establishment in 2018. A key long-term strategic investment objective for Centuria NZ Industrial Fund is to deliver sustainable and stable income ­­distributions paid to investors monthly, along with the potential for long-term capital growth.

The acquisition of Tidal Road, Columbia Ave and Strong Parts Portfolio will bring the total portfolio to 21 assets (18 located in Auckland, two in Christchurch and one in Wellington) with 53 tenants and an independent desktop valuation as at 31 October 2021 of $610.4 million.

Centuria NZ Industrial Fund properties displayed on the New Zealand map

The above stats are as at 31 October 2021

 

Latest Fund acquisitions

Please be advised three new industrial assets have been settled in the 2021 calendar year as detailed below.

78 Tidal Road, Auckland

Tidal Road, Auckland (Settled on 22 October 2021)

  • Brand new, large scale, architecturally designed, A-Grade industrial facility that has recently been constructed in Auckland.
  • New 12-year lease from settlement to the well-known beverage distributor Hancocks Wine, Spirit and Beer Merchants Limited for use as their national office and distribution facility. A second smaller warehouse is subject to a 4-year lease to AutoPacific, a market leader in vehicle accessories and towing solutions.
  • Substantial 4.9 hectare property well located in a new industrial business park in one of Auckland’s most central logistics locations, Mangere, and only minutes from State Highway 20 and Auckland airport.
Centuria Industrial Property on 78 Tidal Road

62 Columbia Avenue, Christchurch (Settled on 30 July 2021)

  • Well located in one of Christchurch’s premium industrial precincts.
  • Comprised of a modern clear span warehouse with a new 7-year lease (from 30 July 2021) to Value Tyres NZ.
  • Established over 45 years ago, the tenant has been located at this site for 12 years using the property as their head office and main distribution hub.
  • This property also benefits from approximately 10,000sqm of surplus land suitable for future development.

62 Columbia Ave overview

The Strong Parts Portfolio (Settled on 30 June 2021)

  • The eight properties in the portfolio are in Central, South and West Auckland and benefit from highly sought after heavy industrial zoning.
  • All properties have new 8-year triple net leases, insulating Centuria NZ Industrial Fund Limited from all repair, maintenance and capital expenditure costs.
  • The leases are to Strong Parts Group Limited, which has recently acquired the Strong Parts business from its previous owners.
  • The Strong Parts business has operated for over 40 years in the car parts industry. The leases have 2.5% annual rental growth, with market reviews at renewal (which cannot go below the rent prior to the renewal date).
Centuria Industrial Asset - Strong Parts Portfolio

Latest News

28.10.2021

Centuria NZ Settles the Acquisition of Brand New Industrial Asset on Tidal Road

The Centuria NZ Industrial Fund is pleased to announce the settlement of 78 Tidal Rd, Mangere, Auckland which was finalised on the 22nd of October for $48.9m. The property forms part of South Auckland’s latest high quality industrial and logistics hub and comprises a brand new, architecturally designed 15,000 sqm industrial facility of two warehouses with adjoining offices on a 4.98ha site.

21.04.2021

A trans-Tasman ambition fulfilled

Mark Jennings | Newsroom An Australian property company founded by Kiwis aims to become truly Australasian following its local acquisition, Mark Jennings reports. (Content partnership) Fresh out of Auckland University, 21 year old Jason Huljich headed to Australia and got a job with another expat Kiwi trying to sort out problem properties in Sydney – properties that had fallen into disrepair or had lost tenants.


 

1 Calculated from 15 June 2018 to 31 October 2021 based on a $1.00 original issue price, dividends declared during the period and net tangible assets of $1.59 per share as at 31 October 2021.

Past performance is not necessarily indicative of future performance. Returns may vary and are not guaranteed. No applications are currently being accepted for investment in Centuria NZ Industrial Fund Limited and its latest offer has closed. Any indication of interest will not involve an obligation or commitment to acquire a financial product. If any future offer is made, it will be made in accordance with the Financial Markets Conduct Act 2013. Prior to making any investment in the future, prospective investors are recommended to seek professional advice from a Financial Adviser which takes into account their personal circumstances before making an investment decision.

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