Skip to main content Skip to footer

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%.


Related Experts

Jack Kelliher

Senior Executive

Industrial

Melbourne CBD

Jack specialises in the sale of Industrial & Logistics assets ($10-$60mil) throughout Victoria. Jack works along-side the wider Victorian Industrial division on a day-to-day basis and holds excellent relationships across a broad spectrum of private, corporate and institutional investors.

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, is integral in achieving the strongest possible result for his clients.

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

Jack commenced his property career at Teska Carson – one of Melbourne’s leading boutique Commercial Real Estate Agencies.

At the beginning of 2020, started at Colliers in the Melbourne CBD Industrial team working alongside Alysia Reilly. Since the beginning of 2021, Jack has focused his attention to Industrial Investment Sales working closely with our National Industrial Capital Markets Team.

View expert

Gavin Bishop

Head of Industrial Capital Markets | Australia

Industrial

Sydney CBD

Gavin is the Head of Industrial Capital Markets Australia and the Head of the NSW Industrial Team at Colliers International, where he has been specialising in industrial property for 20 years. Based in the Sydney CBD Head Office, Gavin manages a highly successful team of over 40 staff across broader Sydney in key industrial 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 20/22 of all industrial portfolios in the Australia over the last four years, including the J.P. Morgan Portfolio ($250m), Altis Portfolio ($342.5m) and GIC/Australand Portfolio ($1.073b) and AMP Portfolio ($105m).

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.

View expert

Sean Thomson

Director, Industrial Capital Markets

Industrial

Sydney CBD

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:

  • The Super Core Logistics Portfolio ($186 million)

  • The Greenlit Brands Portfolio ($171 million)

  • Calibre, Eastern Creek ($130 million)

  • The Kaufland Portfolio ($120 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.

View expert

Simon Beirne

State Chief Executive | Queensland

Industrial

Brisbane CBD

As the State Chief Executive of Queensland, Simon's responsibilities include overall supervision of the Queensland business comprising of 6 offices and over 200 staff. 

At Colliers, we work hard to connect internally to share knowledge about our clients and deliver better outcomes for them. This team ethos is a strong part of our culture and keeps our people highly engaged and it has kept Simon wanting to be part of this great business for the last 20 years.

Simon has over 25 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.

Simon's background is in industrial property where he has been responsible for some of the largest transactions in Queensland over the past 20 years.

In 2015 Simon was involved in the sale of the GIC/Frasers portfolio totalling $1.073 billion. This is the largest and highest quality industrial sale on record in the Australian market.

And in 2017 Simon had the pleasure of marketing the Coca-Cola Amatil Campus in Richlands which was sold to Charter Hall for $157m, making it the largest single industrial asset sale in Queensland's history.

View expert

Levi Maxwell

Associate Director

Industrial

Brisbane CBD

Prior to Colliers International 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 International 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 Internationa 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.

 

 

 

View expert