Centuria wins A$500 million mandate for Australian property
Focus is on industrial property, where Australia has one of the lowest vacancy rates worldwide.
Centuria has a portfolio of about 160 industrial properties across Australia and NZ.
Trans-Tasman asset management group Centuria Capital has secured a new A$500 million institutional mandate from a US client to invest in Australian industrial property.
The mandate, known as the Last Mile Logistics Partnership, has been seeded with three properties in Melbourne purchased off-market
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