ASX:CNIREITs
How Investors May Respond To Centuria Capital Group (ASX:CNI) Acquiring Port Adelaide Distribution Centre Below Replacement Cost
Centuria Capital Group recently acquired the Port Adelaide Distribution Centre in South Australia for A$216 million, approximately 70% below its replacement cost, and established the Centuria Port Adelaide Industrial Fund to offer this major industrial estate to retail, wholesale, and institutional investors.
This acquisition not only secures a significant industrial asset with strong occupancy and high-quality tenants, but also positions Centuria for potential growth linked to surrounding...