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Centuria Industrial REIT (ASX: CIP) secures prime properties

Centuria Industrial REIT (ASX: CIP) has snapped up a trio of significant industrial sites on the east coast as part of a major national industrial portfolio play.

A 4,410sqm property (GLA) at 51-65 Wharf Road in Port Melbourne has been sold in a deal which represents a 3.7% initial yield. CIP was represented in this deal by Colliers’ Jack Kelliher.

The sale of a $200.2million super-prime distribution centre, located at 56-88 Lisbon Street in Fairfield, NSW, was negotiated by Gavin Bishop and Sean Thomson of Colliers.

56-88 Lisbon Street is the largest standalone industrial asset to transact this year, and only one of seven over $100million to trade.

In Queensland, Colliers’ Simon Beirne and Levi Maxwell facilitated the $19million sale of a 9,089sqm (GLA) distribution centre at 31 Gravel Pit Road, Darra to CIP. The deal represented an initial yield of 5.0%.

All three sales form part of a portfolio of eight high-quality industrial properties acquired by CIP within key urban infill markets throughout Sydney, Melbourne, Brisbane and Perth for a collective $351million, on a blended initial yield of 4.1%.

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Jack Kelliher

Manager, Industrial Capital Markets


Jack is Joint-Head of Industrial Capital Markets for Victoria. As Joint-Head of the Victorian Industrial Capital Markets Team, Jack is responsible for working closely alongside our National Industrial Capital Markets Team, collaborating with our respective leasing agents and brokers to generate new leads, grow the market share of our Victorian business, be involved in all major submissions and pitches, and be the key point of contact within this space.

Having been involved in plethora of transactions across his agency career, his experience and understanding of the levers which can best maximise value together with his attention to detail and proactive attitude, has seen him achieve record-breaking results for his clients.

Jack has worked hard to cement his position as a market leader across 2021, working alongside the National Capital Markets Team and Occupier Services to secure high-profile appointments on behalf of key corporate, institutional and private clients and was recently recognised by Centuria as the Victorian ‘Industrial Sales Agent of the Year’.

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Gavin Bishop

Managing Director | Industrial


Gavin is the Managing Director of Industrial & Head of Industrial Capital Markets Australia at Colliers, where he has been specialising in industrial property for 21+ years. Based in the Sydney CBD Head Office, Gavin manages a highly successful team of over 120 staff across every state & territory nationally in key industrial and logistics precincts.

Gavin specialises in the national industrial capital markets and has excellent relationships across a broad spectrum of institutional, international and private investors. Over Gavin’s time with Colliers, he has completed hundreds of deals in industrial property, settling over $14 billion in his career to date, and leasing over 400,000sqm. Gavin enjoys a 75% market share of industrial capital markets share in NSW.

Gavin has worked extensively in the sale of industrial portfolios of up to 30 assets in one portfolio. Gavin and his team have sold 24/34 of all industrial portfolios in Australia over the last five years, including the AMP Portfolio ($105m), J.P. Morgan Portfolio ($250m), Altis Portfolio ($342.5m), Qantas Portfolio ($802m) and GIC/Australand Portfolio ($1.073b).

Some major distribution centre sales that Gavin and his team have been involved in over the last two years include, the Calibre, Eastern Creek ($130.1 million), 1 Eucalyptus Place, Eastern Creek ($90.5 million), 3 Roberts Road, Eastern Creek ($253 millions) and 6-20 Clunies Ross Street, Greystanes ($76.6 million)

Gavin has focused on building deep relationships with his clients, providing the latest in-depth information about logistics markets across Australia, which in line with his extensive track record, has seen Gavin achieve record-breaking results for his clients.

Gavin is a long-standing member of the Colliers team, having joined in 2000 as a graduate valuer. Gavin commenced with Colliers as part of their Scholarship Program and he was fortunate to work across multiple service lines and locations across Sydney, before settling in the Industrial team in Sydney South in 2001. Over the last 20 years, Gavin has progressed through the industrial business including managing the Sydney South and Sydney South West offices, before moving into the NSW State Product Director for Industrial in 2010.

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Sean Thomson

Head of Industrial Capital Markets, NSW


Sean Thomson works for Colliers International as Director of Industrial Capital Markets, Australia, where he specialises in the sale of industrial & logistics assets nationally.

Sean works alongside Gavin Bishop (Head of Industrial Capital Markets, Australia) on a day-to-day basis and holds excellent relationships across a broad spectrum of corporate, private, institutional and international investors.

Having been involved in excess of $14.0 billion of strategic valuation advice, his experience and understanding of the levers which can best maximise value together with the capital markets team’s track record, is integral in achieving the strongest possible result for his clients.

Sean has been involved in many large-scale portfolio divestments including:

  • Qantas Portfolio ($802 million)

  • The Super Core Logistics Portfolio ($186 million)

  • The Greenlit Brands Portfolio ($171 million)

  • Calibre, Eastern Creek ($130 million)

  • The Kaufland Portfolio ($129 million)

  • The AMP Portfolio ($105 million)

Sean holds an unmatched track record in divesting major distribution centres including:

  • The Fairfield Distribtuion Centre ($200 million)

  • Toyota South Sydney ($171 million)

  • 884 Mamre Road, Kemps CReek ($125 million)

  • 59 Lockwood Road, Eastern Creek ($107 million)

  • 37-39 Wentworth Street, Greenacre ($100 million)

  • 1 Eucalyptus Place, Eastern Creek ($91 million)

  • 342 Hammond Road, Dandenong South ($87 million)

Sean has focused on building deep relationships with key global institutional clients, providing the latest in-depth information about the logistics market across Australia, which in-line with his extensive track record, has seen him achieve record-breaking results for his clients.

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Simon Beirne

State Chief Executive | Queensland


As the State Chief Executive of Queensland, Simon's responsibilities include overall supervision of the Queensland business comprising of 6 offices and over 300 staff.   Simon also sits on the Australian  Naional Executive Board.  

Simon has been with Colliers for 25 years and is proud of the  great culture of colloboration and knowledge sharing that delivers exceptional outcomes for our clients.   Simon is heavily involved and has an excellent reputation in the Capital Markets area and has formed strong relationships with major investors and institutions both domestically and internationally.  

During Simon's time with Colliers, he has completed mutliple transactions in the Industrial/Logistics asset class, settling over $10.1 billion in his career to date, and leasing over 650,000m².   He has been responsible for some of the largest transactions in Queensland over the past 25 years.

Simon has over 30 years’ experience in the real estate industry and the agency having previously worked for Primac Elders as an auctioneer prior to joining Colliers International in 1998.

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Levi Maxwell

Director | Industrial


Prior to Colliers Levi was a professional athlete which took him all over the globe having set up bases in Brisbane and Aix Les Baines, France and San Diego, California. He gained a highest mid-season world ranking of #7 and was a part of the AIS & QAS sporting programs.

He began  began his career with the Colliers Industrial Team 2007, specialising in the sale and leasing of industrial properties with a focus on the Brisbane Central Southside precincts.

In 2019 Levi developed a program for Colliers which tracks  over 1,400 significant companies and their occupancy within his market. This real time data enables Colliers to  predict future vacancy rates and market changes. 

His strategic marketing and negotiation capability sees him engaged by ASX listed corporations, private clients, mortgagees and receivers & managers and institutional grade investors.




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