We are pleased to introduce our newest Centennial Industrial & Logistics Fund, CIL Enhanced Value Fund.
This new fund, which opens for investment on 1 May 2019, will invest in a mix of core and value add assets within the industrial and logistics sector. Assets will leverage current sector thematics by focusing on major cities and land constrained “infill/last mile” locations around Australia.
The portfolio structure allows us flexibility and the ability to secure assets quickly, which benefits our acquisition pricing and in turn overall return of the fund, whilst enabling continued property by property strategies.
This fund will deliver a mix of income and growth targeting distributions of 6.5% to 7.0% pa and a target overall investor IRR range of 10% to 12%.