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Sign in Sign up for a FREE subscriptionCenturia wins A$500m mandate
Centuria Capital Group has secured a A$500 million ($322 million) mandate from an unnamed U.S. private investment firm to invest in industrial properties, according to multiple media outlets.
The mandate, known as Last Mile Logistics Partnership (LMLP), will focus on acquiring assets within supply-constrained infill industrial markets across Australia.
LMLP is seeded with a A$76 million ($49 million) three-asset portfolio, located within key urban Melbourne industrial precincts.
The mandate follows Centuria’s other recent industrial institutional capital partnership, Centuria Industrial REIT, forming the Centuria Prime Logistics Partnership (CPLP) with Morgan Stanley Real Estate Investing in December 2022.
