Centennial

Construction is now underway at our latest $85m industrial & logistics development, ‘TradeCoast Connect’. Strategically positioned within the Australia TradeCoast precinct, the estate offers direct access to major road, rail, air and port networks. Upon completion, the estate will deliver ~17,000 sqm of premium industrial space to Brisbane’s highly land-constrained, inner-ring market. Offering mid-space tenancies ranging from 600 to 6,000 sqm, with the potential for a single-user facility of up to 11,000 sqm. We look forward to working with our project partners McNab, MCD Australia, Place Design Group, McVeigh Consultants, Sparc*, Accor and our leasing agents, Owen Byles and Myles Fredericksen of Cushman & Wakefield. Construction is on track for completion late-2025. We look forward to sharing more on this development as it progresses. For leasing opportunities contact Elena Seymour or learn more here: https://hubs.li/Q0386zZC0 David Cupit | James Park | Matthew Skerrett | Michael Tonkin | Elena Seymour | Dan Goodrum #centennial #midspace #industrial #metroindustriallogistics #industrialdevelopment

As seen in The Australian today, we have kicked off the year by purchasing another top performing regional shopping centre in Orange for ~$37.4m. Partnering again with our retail joint venture partner, Parkstone Funds Management, we acquired the Village on Summer Street, a prominent neighbourhood centre located Orange's city centre occupying a 21,090 sqm site, representing the single largest landholding in the CBD. The centre is 99% leased, anchored by Supa IGA, Dan Murphy’s and 10 specialty shops, across 4,974 sqm of GLA, plus 268 car bays. The partnership will increase the retail offer by a further ~40% to provide further amenity for locals and demand from national retailers and build on the centres tenancy mix. Paul Ford, Executive Director of Centennial said, “the asset offers our investors strong defensive income based on its largely non-discretionary retail mix, positive growth indicators for the region and limited new supply of retail assets in the CBD”. The sale was brokered by Savills, Steven Lerche. Full story: https://hubs.li/Q037r_wl0 Paul Ford | Jonathan Wolf | Lyle Hammerschlag | Dylan Tomkins | Nelmari Oelofsen | David Cupit | William Arkins | Chris Day | Tim Wilkin #centennial #retailinvestment #parkstone

We are excited to share we recently purchased a prime 9,600 sqm industrial infill site in Sydney’s surging inner south suburb of Matraville for $39.1m The site is located 700m from Port Botany and within 5km to Kingsford Smith Airport and contains a vacant 6,240 sqm multi-tenancy warehouse. Centennial will undertake a refurbishment and deliver flexible industrial mid-space tenancies from 870 to 1,300 sqm, suitable for mid-space occupiers who are often starved of institutional grade space. Centennial’s Head of Property Funds, David Cupit, said, “the site's proximity to major transport infrastructure, plus its flexible zoning to accommodate both industrial and large format retail, provides an excellent opportunity for Centennial to implement our mid-space industrial + logistics strategy. The sale was brokered by Colliers' Gavin Bishop, Sean Thomson, Michael Crombie & Trent Gallagher, and JLL’s Ben Hegerty, Jack Kelliher and Joel Scully. Full story: https://hubs.li/Q0356-rc0 David Cupit | Richard Mason | Matthew Sheldon | Zoey Walker | James Park | Nick Lidonnici #centennial #midspace #industrial #logistics #lastmilelogistics #metroindustriallogistics #warehouse #distributioncentre #industrialdevelopment

As seen in The Courier-Mail, continuing our expansion in the niche Brisbane mid-space market, we are pleased to announce Centennial has purchased a 3.46 ha last mile infill industrial site at 50-80 Manton Street, Morningside for $18.5m. The site will be developed into a new multi-unit estate, ‘TradeCoast Connect’, delivering ~17,000 sqm across four buildings and the capacity to house up to ~12,000 sqm as a single user, with an end value of ~$78m. The sale was brokered by Cushman & Wakefield's Gary Hyland and Owen Byles. Centennial’s Head of Property Funds, David Cupit, said, “the latest acquisition will be added to our Enhanced Value Partnership (EVP) fund. On completion the estate will offer customers mid-space tenancies ranging from 400 to 6,000 sqm industrial + logistics space, with direct proximity to major road, rail, air and port networks. Construction is expected to start in January with a completion date earmarked for December 2025. We look forward to working with McNab on this project and sharing further updates. Full story: https://hubs.li/Q033QVxl0 David Cupit | Richard Mason | Zoey Walker | James Park | Matthew Skerrett | Michael Tonkin | Dan Goodrum #centennial #midspace #industrial #logistics #lastmilelogistics #metroindustriallogistics #warehouse #distributioncentre #industrialdevelopment

It’s the people that make our business and we are fortunate to have an elite group of professionals who are aligned with our business values.   It’s been a great year for Centennial, thanks to our very capable and growing team of 45 people who work hard every day to source opportunities, manage, add value, develop and report on our portfolio. Without our team we simply couldn’t deliver our investment outcomes.   We wish you a joyful holiday season 🎄🌟 #centennial

Where possible, we are attracted to developing on brownfield sites that allows us to regenerate existing land and retain and repurpose existing assets. This approach enables the reuse of materials and a reduction of waste to landfill - creating resilient assets for our customers' needs. Three recent Centennial Regen+ projects exemplify this approach. We partnered with The Footprint Company to better understand the impact of our strategies on the environment. Our projects at Tottenham, VIC, Acacia Ridge, QLD and Royal Park, SA, through adaptive reuse have reduced CO2 by 45,800 tonnes compared to a benchmark redevelopment. A carbon footprint equivalent to taking approximately 23,000 light vehicles off the roads for one year. It's just one way we are reducing our environmental impact by taking a circular approach to construction. Learn more about Centennial Regen+ here: https://hubs.li/Q02_cG6b0 Adrian Taylor | Jonathan Wolf | Paul Ford | Marcus Hinzack | James Park | Matthew Skerrett | Matthew Wakelin | Sophie Nash | Nick Lidonnici | Ryan Ayres | Anthony Gill | Dan Goodrum | Alana Johnston #centennial #centennialregen #thefootprintcompany #midspace #industrial #logistics #lastmilelogistics #metroindustriallogistics #warehouse #distributioncentre #industrialdevelopment

Construction has kicked-off at Murarrie Industrial Park with demolition works complete and bulk earthworks underway. Located in the heart of the Australia TradeCoast precinct, positioned on Lytton Road the estate offers efficient transport access via the Gateway Motorway (200m away) and Port of Brisbane Motorway. Centennial will deliver a brand new 2,150 sqm industrial facility and a refurbished 3,488 sqm facility, with high bay warehousing, generous hardstand areas, large corporate office accommodation and car parking. Working with our partners Scattini Construction and Matland Group Pty Ltd, the project will deliver high-quality industrial space with the refurbished Tenancy A due for completion February 2025 and the new Tenancy B due Q2 2025. For more information contact Dan Goodrum or view our 3D plan here: https://hubs.li/Q02ZFkSK0 Sophie Nash | Dan Goodrum | James Park | David Cupit #centennial #midspace #industrial #logistics #lastmilelogistics #metroindustriallogistics #warehouse #distributioncentre #industrialdevelopment

A first look at Stage Two of Geebung Industrial Park, delivering 10,846 sqm of brand new industrial space. Strategically located in Brisbane’s northern industrial hub with arterial links to the Gateway Motorway and Port of Brisbane via Sandgate Road connecting to the port, airport and CBD – supporting efficient business operations. Warehouses range from 3,229 to 4,323 sqm with 13.7 metre internal height clearance, ESFR sprinkler systems, heavy vehicle manoeuvrability and each tenancy with two level architecturally designed corporate offices. Designed for 4-Star environmentally sustainable designed (ESD), featuring energy efficient lighting, performance glazing, rainwater harvesting and solar panels to deliver sustainable workspaces for customers and employees. Estimated for completion Q2 2025. For further details contact Dan Goodrum or visit: https://hubs.li/Q02ZtLjQ0 Alex Edwards | James Park | Michael Tonkin | Matthew Wakelin | Nick Lidonnici | Dan Goodrum #centennial #midspace #industrial #logistics #lastmilelogistics #metroindustriallogistics #warehouse #distributioncentre #industrialdevelopment

Event Recap | 18 members of Centennial joined over 12,000 participants in the JP Morgan Corporate Challenge. The 5.6km run or walk is in aid of the Indigenous Marathon Foundation (IMF). The IMF supports a number of programmes that promotes health and uses running as their core to celebrate Aboriginal and Torres Strait Island people, culture, strengths and achievements to empower inspirational Indigenous leaders. Well done to the team involved… Adrian Taylor, Jonathan Wolf, Michael Tonkin, Marcus Hinzack, Matthew Wakelin, Natalia Edwards, Alexandra Blackman, Renee Sangalli, Aiden Chan, Suhan Babeendran, William Cassimatis, Darcy Davies, Jack McNamara, Juan Vegas, Lyle Hammerschlag, Matthew Knight, William Arkins, Alex Edwards #centennial #JPMCC #TeamSpirit

As seen in The Courier-Mail we are pleased to share we have completed Stage One of Geebung Industrial Park one month ahead of schedule – delivering 16,300 sqm of brand new industrial & logistics space. Construction for Stage Two is fast-tracked for a further ~9,010 sqm GLA across three warehouses – with an end value of $120 million. Centennial is pleased to announce we have signed longstanding Queensland building supply group, Bretts Trade Timber and Hardware who will occupy two existing warehouses spanning ~7,200 sqm that was brokered by Cushman & Wakefield's Morgan Ruig. Joining Bretts is global solutions and technology group Rohde & Schwarz, committing to 2,672 sqm of office and warehouse space in stage one, in a deal negotiated by Gibson Leembruggen of JLL. Centennial’s Head of Institutional Funds, Alex Edwards said, “Now that stage one is complete and stage two underway, we are seeing strong interest from tenants looking for new or modernised premises offering 4-Star ESD features, flexible warehouse and office spaces, along with multiple container height options and heavy vehicle manoeuvrability.” Thanks to our valued construction partner McNab. We look forward to sharing updates on Stage Two as it progresses. Full story: https://lnkd.in/gWmjcFe9 Alex Edwards | James Park | Michael Tonkin | Matthew Wakelin | Nick Lidonnici | Dan Goodrum #centennial #midspace #industrial #logistics #lastmilelogistics #metroindustriallogistics #warehouse #industrialdevelopment