Centennial is continuing to carve inroads into Sydney’s sought-after southern industrial hotspots after securing its second industrial logistics site in under six months, at Kurnell, in the Sutherland Shire for around $65m.The active investment manager’s third joint venture partnership with commercial real estate fund manager, MaxCap Group, comprises the acquisition of a 100 per cent freehold interest in a ~11ha site on Captain Cook Drive, Kurnell, which is under 30 minutes south of Port Botany and Sydney International Airport.The site was acquired from RSM acting as receivers and managers and transacted by Stanton Hillier Parker and Colliers.Located in a land constrained industrial area of Kurnell, the 10.9ha site is a rare, large englobo in Sydney’s south and benefits from flexible zoning. The property’s general industrial zoning allows for a range of uses including self-storage premises, indoor recreation facilities, warehouse and distribution centres, industrial outdoor storage and ancillary offices.Centennial and MaxCap Group intend to deliver a multi-lot industrial land subdivision on the site with over 25 lots ranging from 1,500 to 4,600sq m. The partners also intend to refurbish and re-lease two existing warehouses on the site.Nearby businesses include Dicker Data’s national headquarters, National Storage, Ampol and the NSW state government’s desalination plant.Centennial’s Head of Property Funds,David Cupitsaid the Kurnell site was acquired for $700 per sqm of usable land, adding “we are confident there will be strong demand for the intended multi-lot subdivision, not just from the local area, which is severely undersupplied, but also from the broader market given available land with proximity to major infrastructure is in short supply.“Kurnell is a tightly held location with very limited large-scale sites along Captain Cook Drive, which itself is earmarked for a potential upgrade to four-lanes,” Mr Cupit said. “The area’s connectivity to Port Botany and major road networks including the planned M6 Motorway, coupled with low vacancy rates were key drivers in our decision to add Kurnell to our extensive national portfolio, with assets now under management valued in excess of $2.2bn.”Centennial’s Joint Managing Director,Paul Fordsaid Kurnell met Centennial’s objectives as a “metro industrial and logistics”, land constrained market with multiple options to extract further value.The site brings a compelling option through a previously approved development application (DA) for a smaller lot subdivision,” he said. “Other options could include a turnkey staged redevelopment, or an industrial open air storage estate as a staged sell down proposition over time.”“Our focus on identifying mispriced or misunderstood industrial and logistics assets within metropolitan centres will remain central as we continue to deliver superior risk adjusted opportunities to extract value for our investors.”The acquisition of the Kurnell site is the third joint venture between Centennial and MaxCap Group, following the acquisition of ‘Gateway Industrial Park’ – a logistics estate on the Trade Coast in Brisbane – earlier this year, with construction expected to be completed by mid-2026.MaxCap Group’s Head of Direct Investment,Simon Hulettsaid, “This latest partnership reinforces our strengthening relationship with Centennial and our shared alignment in identifying unique opportunities in high-quality, low-supply markets. We continue to see land subdivision in the industrial and logistics sector as a highly attractive strategy given its self-liquidating nature, low cost base and depth of buyer pools in established areas.”Centennial has been active across a number of property sectors since 2023 which includes divesting 37 assets, valued at ~$735m, while acquiring 23 new assets over the same period with a combined end value of $1.75bn, including 18 industrial properties.Previous Article
The active investment manager’s third joint venture partnership with commercial real estate fund manager, MaxCap Group, comprises the acquisition of a 100 per cent freehold interest in a ~11ha site on Captain Cook Drive, Kurnell, which is under 30 minutes south of Port Botany and Sydney International Airport.The site was acquired from RSM acting as receivers and managers and transacted by Stanton Hillier Parker and Colliers.Located in a land constrained industrial area of Kurnell, the 10.9ha site is a rare, large englobo in Sydney’s south and benefits from flexible zoning. The property’s general industrial zoning allows for a range of uses including self-storage premises, indoor recreation facilities, warehouse and distribution centres, industrial outdoor storage and ancillary offices.Centennial and MaxCap Group intend to deliver a multi-lot industrial land subdivision on the site with over 25 lots ranging from 1,500 to 4,600sq m. The partners also intend to refurbish and re-lease two existing warehouses on the site.Nearby businesses include Dicker Data’s national headquarters, National Storage, Ampol and the NSW state government’s desalination plant.Centennial’s Head of Property Funds,David Cupitsaid the Kurnell site was acquired for $700 per sqm of usable land, adding “we are confident there will be strong demand for the intended multi-lot subdivision, not just from the local area, which is severely undersupplied, but also from the broader market given available land with proximity to major infrastructure is in short supply.“Kurnell is a tightly held location with very limited large-scale sites along Captain Cook Drive, which itself is earmarked for a potential upgrade to four-lanes,” Mr Cupit said. “The area’s connectivity to Port Botany and major road networks including the planned M6 Motorway, coupled with low vacancy rates were key drivers in our decision to add Kurnell to our extensive national portfolio, with assets now under management valued in excess of $2.2bn.”Centennial’s Joint Managing Director,Paul Fordsaid Kurnell met Centennial’s objectives as a “metro industrial and logistics”, land constrained market with multiple options to extract further value.The site brings a compelling option through a previously approved development application (DA) for a smaller lot subdivision,” he said. “Other options could include a turnkey staged redevelopment, or an industrial open air storage estate as a staged sell down proposition over time.”“Our focus on identifying mispriced or misunderstood industrial and logistics assets within metropolitan centres will remain central as we continue to deliver superior risk adjusted opportunities to extract value for our investors.”The acquisition of the Kurnell site is the third joint venture between Centennial and MaxCap Group, following the acquisition of ‘Gateway Industrial Park’ – a logistics estate on the Trade Coast in Brisbane – earlier this year, with construction expected to be completed by mid-2026.MaxCap Group’s Head of Direct Investment,Simon Hulettsaid, “This latest partnership reinforces our strengthening relationship with Centennial and our shared alignment in identifying unique opportunities in high-quality, low-supply markets. We continue to see land subdivision in the industrial and logistics sector as a highly attractive strategy given its self-liquidating nature, low cost base and depth of buyer pools in established areas.”Centennial has been active across a number of property sectors since 2023 which includes divesting 37 assets, valued at ~$735m, while acquiring 23 new assets over the same period with a combined end value of $1.75bn, including 18 industrial properties.Previous Article
The site was acquired from RSM acting as receivers and managers and transacted by Stanton Hillier Parker and Colliers.Located in a land constrained industrial area of Kurnell, the 10.9ha site is a rare, large englobo in Sydney’s south and benefits from flexible zoning. The property’s general industrial zoning allows for a range of uses including self-storage premises, indoor recreation facilities, warehouse and distribution centres, industrial outdoor storage and ancillary offices.Centennial and MaxCap Group intend to deliver a multi-lot industrial land subdivision on the site with over 25 lots ranging from 1,500 to 4,600sq m. The partners also intend to refurbish and re-lease two existing warehouses on the site.Nearby businesses include Dicker Data’s national headquarters, National Storage, Ampol and the NSW state government’s desalination plant.Centennial’s Head of Property Funds,David Cupitsaid the Kurnell site was acquired for $700 per sqm of usable land, adding “we are confident there will be strong demand for the intended multi-lot subdivision, not just from the local area, which is severely undersupplied, but also from the broader market given available land with proximity to major infrastructure is in short supply.“Kurnell is a tightly held location with very limited large-scale sites along Captain Cook Drive, which itself is earmarked for a potential upgrade to four-lanes,” Mr Cupit said. “The area’s connectivity to Port Botany and major road networks including the planned M6 Motorway, coupled with low vacancy rates were key drivers in our decision to add Kurnell to our extensive national portfolio, with assets now under management valued in excess of $2.2bn.”Centennial’s Joint Managing Director,Paul Fordsaid Kurnell met Centennial’s objectives as a “metro industrial and logistics”, land constrained market with multiple options to extract further value.The site brings a compelling option through a previously approved development application (DA) for a smaller lot subdivision,” he said. “Other options could include a turnkey staged redevelopment, or an industrial open air storage estate as a staged sell down proposition over time.”“Our focus on identifying mispriced or misunderstood industrial and logistics assets within metropolitan centres will remain central as we continue to deliver superior risk adjusted opportunities to extract value for our investors.”The acquisition of the Kurnell site is the third joint venture between Centennial and MaxCap Group, following the acquisition of ‘Gateway Industrial Park’ – a logistics estate on the Trade Coast in Brisbane – earlier this year, with construction expected to be completed by mid-2026.MaxCap Group’s Head of Direct Investment,Simon Hulettsaid, “This latest partnership reinforces our strengthening relationship with Centennial and our shared alignment in identifying unique opportunities in high-quality, low-supply markets. We continue to see land subdivision in the industrial and logistics sector as a highly attractive strategy given its self-liquidating nature, low cost base and depth of buyer pools in established areas.”Centennial has been active across a number of property sectors since 2023 which includes divesting 37 assets, valued at ~$735m, while acquiring 23 new assets over the same period with a combined end value of $1.75bn, including 18 industrial properties.Previous Article
Located in a land constrained industrial area of Kurnell, the 10.9ha site is a rare, large englobo in Sydney’s south and benefits from flexible zoning. The property’s general industrial zoning allows for a range of uses including self-storage premises, indoor recreation facilities, warehouse and distribution centres, industrial outdoor storage and ancillary offices.Centennial and MaxCap Group intend to deliver a multi-lot industrial land subdivision on the site with over 25 lots ranging from 1,500 to 4,600sq m. The partners also intend to refurbish and re-lease two existing warehouses on the site.Nearby businesses include Dicker Data’s national headquarters, National Storage, Ampol and the NSW state government’s desalination plant.Centennial’s Head of Property Funds,David Cupitsaid the Kurnell site was acquired for $700 per sqm of usable land, adding “we are confident there will be strong demand for the intended multi-lot subdivision, not just from the local area, which is severely undersupplied, but also from the broader market given available land with proximity to major infrastructure is in short supply.“Kurnell is a tightly held location with very limited large-scale sites along Captain Cook Drive, which itself is earmarked for a potential upgrade to four-lanes,” Mr Cupit said. “The area’s connectivity to Port Botany and major road networks including the planned M6 Motorway, coupled with low vacancy rates were key drivers in our decision to add Kurnell to our extensive national portfolio, with assets now under management valued in excess of $2.2bn.”Centennial’s Joint Managing Director,Paul Fordsaid Kurnell met Centennial’s objectives as a “metro industrial and logistics”, land constrained market with multiple options to extract further value.The site brings a compelling option through a previously approved development application (DA) for a smaller lot subdivision,” he said. “Other options could include a turnkey staged redevelopment, or an industrial open air storage estate as a staged sell down proposition over time.”“Our focus on identifying mispriced or misunderstood industrial and logistics assets within metropolitan centres will remain central as we continue to deliver superior risk adjusted opportunities to extract value for our investors.”The acquisition of the Kurnell site is the third joint venture between Centennial and MaxCap Group, following the acquisition of ‘Gateway Industrial Park’ – a logistics estate on the Trade Coast in Brisbane – earlier this year, with construction expected to be completed by mid-2026.MaxCap Group’s Head of Direct Investment,Simon Hulettsaid, “This latest partnership reinforces our strengthening relationship with Centennial and our shared alignment in identifying unique opportunities in high-quality, low-supply markets. We continue to see land subdivision in the industrial and logistics sector as a highly attractive strategy given its self-liquidating nature, low cost base and depth of buyer pools in established areas.”Centennial has been active across a number of property sectors since 2023 which includes divesting 37 assets, valued at ~$735m, while acquiring 23 new assets over the same period with a combined end value of $1.75bn, including 18 industrial properties.Previous Article
Centennial and MaxCap Group intend to deliver a multi-lot industrial land subdivision on the site with over 25 lots ranging from 1,500 to 4,600sq m. The partners also intend to refurbish and re-lease two existing warehouses on the site.Nearby businesses include Dicker Data’s national headquarters, National Storage, Ampol and the NSW state government’s desalination plant.Centennial’s Head of Property Funds,David Cupitsaid the Kurnell site was acquired for $700 per sqm of usable land, adding “we are confident there will be strong demand for the intended multi-lot subdivision, not just from the local area, which is severely undersupplied, but also from the broader market given available land with proximity to major infrastructure is in short supply.“Kurnell is a tightly held location with very limited large-scale sites along Captain Cook Drive, which itself is earmarked for a potential upgrade to four-lanes,” Mr Cupit said. “The area’s connectivity to Port Botany and major road networks including the planned M6 Motorway, coupled with low vacancy rates were key drivers in our decision to add Kurnell to our extensive national portfolio, with assets now under management valued in excess of $2.2bn.”Centennial’s Joint Managing Director,Paul Fordsaid Kurnell met Centennial’s objectives as a “metro industrial and logistics”, land constrained market with multiple options to extract further value.The site brings a compelling option through a previously approved development application (DA) for a smaller lot subdivision,” he said. “Other options could include a turnkey staged redevelopment, or an industrial open air storage estate as a staged sell down proposition over time.”“Our focus on identifying mispriced or misunderstood industrial and logistics assets within metropolitan centres will remain central as we continue to deliver superior risk adjusted opportunities to extract value for our investors.”The acquisition of the Kurnell site is the third joint venture between Centennial and MaxCap Group, following the acquisition of ‘Gateway Industrial Park’ – a logistics estate on the Trade Coast in Brisbane – earlier this year, with construction expected to be completed by mid-2026.MaxCap Group’s Head of Direct Investment,Simon Hulettsaid, “This latest partnership reinforces our strengthening relationship with Centennial and our shared alignment in identifying unique opportunities in high-quality, low-supply markets. We continue to see land subdivision in the industrial and logistics sector as a highly attractive strategy given its self-liquidating nature, low cost base and depth of buyer pools in established areas.”Centennial has been active across a number of property sectors since 2023 which includes divesting 37 assets, valued at ~$735m, while acquiring 23 new assets over the same period with a combined end value of $1.75bn, including 18 industrial properties.Previous Article
Nearby businesses include Dicker Data’s national headquarters, National Storage, Ampol and the NSW state government’s desalination plant.Centennial’s Head of Property Funds,David Cupitsaid the Kurnell site was acquired for $700 per sqm of usable land, adding “we are confident there will be strong demand for the intended multi-lot subdivision, not just from the local area, which is severely undersupplied, but also from the broader market given available land with proximity to major infrastructure is in short supply.“Kurnell is a tightly held location with very limited large-scale sites along Captain Cook Drive, which itself is earmarked for a potential upgrade to four-lanes,” Mr Cupit said. “The area’s connectivity to Port Botany and major road networks including the planned M6 Motorway, coupled with low vacancy rates were key drivers in our decision to add Kurnell to our extensive national portfolio, with assets now under management valued in excess of $2.2bn.”Centennial’s Joint Managing Director,Paul Fordsaid Kurnell met Centennial’s objectives as a “metro industrial and logistics”, land constrained market with multiple options to extract further value.The site brings a compelling option through a previously approved development application (DA) for a smaller lot subdivision,” he said. “Other options could include a turnkey staged redevelopment, or an industrial open air storage estate as a staged sell down proposition over time.”“Our focus on identifying mispriced or misunderstood industrial and logistics assets within metropolitan centres will remain central as we continue to deliver superior risk adjusted opportunities to extract value for our investors.”The acquisition of the Kurnell site is the third joint venture between Centennial and MaxCap Group, following the acquisition of ‘Gateway Industrial Park’ – a logistics estate on the Trade Coast in Brisbane – earlier this year, with construction expected to be completed by mid-2026.MaxCap Group’s Head of Direct Investment,Simon Hulettsaid, “This latest partnership reinforces our strengthening relationship with Centennial and our shared alignment in identifying unique opportunities in high-quality, low-supply markets. We continue to see land subdivision in the industrial and logistics sector as a highly attractive strategy given its self-liquidating nature, low cost base and depth of buyer pools in established areas.”Centennial has been active across a number of property sectors since 2023 which includes divesting 37 assets, valued at ~$735m, while acquiring 23 new assets over the same period with a combined end value of $1.75bn, including 18 industrial properties.Previous Article
Centennial’s Head of Property Funds,David Cupitsaid the Kurnell site was acquired for $700 per sqm of usable land, adding “we are confident there will be strong demand for the intended multi-lot subdivision, not just from the local area, which is severely undersupplied, but also from the broader market given available land with proximity to major infrastructure is in short supply.“Kurnell is a tightly held location with very limited large-scale sites along Captain Cook Drive, which itself is earmarked for a potential upgrade to four-lanes,” Mr Cupit said. “The area’s connectivity to Port Botany and major road networks including the planned M6 Motorway, coupled with low vacancy rates were key drivers in our decision to add Kurnell to our extensive national portfolio, with assets now under management valued in excess of $2.2bn.”Centennial’s Joint Managing Director,Paul Fordsaid Kurnell met Centennial’s objectives as a “metro industrial and logistics”, land constrained market with multiple options to extract further value.The site brings a compelling option through a previously approved development application (DA) for a smaller lot subdivision,” he said. “Other options could include a turnkey staged redevelopment, or an industrial open air storage estate as a staged sell down proposition over time.”“Our focus on identifying mispriced or misunderstood industrial and logistics assets within metropolitan centres will remain central as we continue to deliver superior risk adjusted opportunities to extract value for our investors.”The acquisition of the Kurnell site is the third joint venture between Centennial and MaxCap Group, following the acquisition of ‘Gateway Industrial Park’ – a logistics estate on the Trade Coast in Brisbane – earlier this year, with construction expected to be completed by mid-2026.MaxCap Group’s Head of Direct Investment,Simon Hulettsaid, “This latest partnership reinforces our strengthening relationship with Centennial and our shared alignment in identifying unique opportunities in high-quality, low-supply markets. We continue to see land subdivision in the industrial and logistics sector as a highly attractive strategy given its self-liquidating nature, low cost base and depth of buyer pools in established areas.”Centennial has been active across a number of property sectors since 2023 which includes divesting 37 assets, valued at ~$735m, while acquiring 23 new assets over the same period with a combined end value of $1.75bn, including 18 industrial properties.Previous Article
“Kurnell is a tightly held location with very limited large-scale sites along Captain Cook Drive, which itself is earmarked for a potential upgrade to four-lanes,” Mr Cupit said. “The area’s connectivity to Port Botany and major road networks including the planned M6 Motorway, coupled with low vacancy rates were key drivers in our decision to add Kurnell to our extensive national portfolio, with assets now under management valued in excess of $2.2bn.”Centennial’s Joint Managing Director,Paul Fordsaid Kurnell met Centennial’s objectives as a “metro industrial and logistics”, land constrained market with multiple options to extract further value.The site brings a compelling option through a previously approved development application (DA) for a smaller lot subdivision,” he said. “Other options could include a turnkey staged redevelopment, or an industrial open air storage estate as a staged sell down proposition over time.”“Our focus on identifying mispriced or misunderstood industrial and logistics assets within metropolitan centres will remain central as we continue to deliver superior risk adjusted opportunities to extract value for our investors.”The acquisition of the Kurnell site is the third joint venture between Centennial and MaxCap Group, following the acquisition of ‘Gateway Industrial Park’ – a logistics estate on the Trade Coast in Brisbane – earlier this year, with construction expected to be completed by mid-2026.MaxCap Group’s Head of Direct Investment,Simon Hulettsaid, “This latest partnership reinforces our strengthening relationship with Centennial and our shared alignment in identifying unique opportunities in high-quality, low-supply markets. We continue to see land subdivision in the industrial and logistics sector as a highly attractive strategy given its self-liquidating nature, low cost base and depth of buyer pools in established areas.”Centennial has been active across a number of property sectors since 2023 which includes divesting 37 assets, valued at ~$735m, while acquiring 23 new assets over the same period with a combined end value of $1.75bn, including 18 industrial properties.Previous Article
Centennial’s Joint Managing Director,Paul Fordsaid Kurnell met Centennial’s objectives as a “metro industrial and logistics”, land constrained market with multiple options to extract further value.The site brings a compelling option through a previously approved development application (DA) for a smaller lot subdivision,” he said. “Other options could include a turnkey staged redevelopment, or an industrial open air storage estate as a staged sell down proposition over time.”“Our focus on identifying mispriced or misunderstood industrial and logistics assets within metropolitan centres will remain central as we continue to deliver superior risk adjusted opportunities to extract value for our investors.”The acquisition of the Kurnell site is the third joint venture between Centennial and MaxCap Group, following the acquisition of ‘Gateway Industrial Park’ – a logistics estate on the Trade Coast in Brisbane – earlier this year, with construction expected to be completed by mid-2026.MaxCap Group’s Head of Direct Investment,Simon Hulettsaid, “This latest partnership reinforces our strengthening relationship with Centennial and our shared alignment in identifying unique opportunities in high-quality, low-supply markets. We continue to see land subdivision in the industrial and logistics sector as a highly attractive strategy given its self-liquidating nature, low cost base and depth of buyer pools in established areas.”Centennial has been active across a number of property sectors since 2023 which includes divesting 37 assets, valued at ~$735m, while acquiring 23 new assets over the same period with a combined end value of $1.75bn, including 18 industrial properties.Previous Article
The site brings a compelling option through a previously approved development application (DA) for a smaller lot subdivision,” he said. “Other options could include a turnkey staged redevelopment, or an industrial open air storage estate as a staged sell down proposition over time.”“Our focus on identifying mispriced or misunderstood industrial and logistics assets within metropolitan centres will remain central as we continue to deliver superior risk adjusted opportunities to extract value for our investors.”The acquisition of the Kurnell site is the third joint venture between Centennial and MaxCap Group, following the acquisition of ‘Gateway Industrial Park’ – a logistics estate on the Trade Coast in Brisbane – earlier this year, with construction expected to be completed by mid-2026.MaxCap Group’s Head of Direct Investment,Simon Hulettsaid, “This latest partnership reinforces our strengthening relationship with Centennial and our shared alignment in identifying unique opportunities in high-quality, low-supply markets. We continue to see land subdivision in the industrial and logistics sector as a highly attractive strategy given its self-liquidating nature, low cost base and depth of buyer pools in established areas.”Centennial has been active across a number of property sectors since 2023 which includes divesting 37 assets, valued at ~$735m, while acquiring 23 new assets over the same period with a combined end value of $1.75bn, including 18 industrial properties.Previous Article
“Our focus on identifying mispriced or misunderstood industrial and logistics assets within metropolitan centres will remain central as we continue to deliver superior risk adjusted opportunities to extract value for our investors.”The acquisition of the Kurnell site is the third joint venture between Centennial and MaxCap Group, following the acquisition of ‘Gateway Industrial Park’ – a logistics estate on the Trade Coast in Brisbane – earlier this year, with construction expected to be completed by mid-2026.MaxCap Group’s Head of Direct Investment,Simon Hulettsaid, “This latest partnership reinforces our strengthening relationship with Centennial and our shared alignment in identifying unique opportunities in high-quality, low-supply markets. We continue to see land subdivision in the industrial and logistics sector as a highly attractive strategy given its self-liquidating nature, low cost base and depth of buyer pools in established areas.”Centennial has been active across a number of property sectors since 2023 which includes divesting 37 assets, valued at ~$735m, while acquiring 23 new assets over the same period with a combined end value of $1.75bn, including 18 industrial properties.Previous Article
The acquisition of the Kurnell site is the third joint venture between Centennial and MaxCap Group, following the acquisition of ‘Gateway Industrial Park’ – a logistics estate on the Trade Coast in Brisbane – earlier this year, with construction expected to be completed by mid-2026.MaxCap Group’s Head of Direct Investment,Simon Hulettsaid, “This latest partnership reinforces our strengthening relationship with Centennial and our shared alignment in identifying unique opportunities in high-quality, low-supply markets. We continue to see land subdivision in the industrial and logistics sector as a highly attractive strategy given its self-liquidating nature, low cost base and depth of buyer pools in established areas.”Centennial has been active across a number of property sectors since 2023 which includes divesting 37 assets, valued at ~$735m, while acquiring 23 new assets over the same period with a combined end value of $1.75bn, including 18 industrial properties.Previous Article
MaxCap Group’s Head of Direct Investment,Simon Hulettsaid, “This latest partnership reinforces our strengthening relationship with Centennial and our shared alignment in identifying unique opportunities in high-quality, low-supply markets. We continue to see land subdivision in the industrial and logistics sector as a highly attractive strategy given its self-liquidating nature, low cost base and depth of buyer pools in established areas.”Centennial has been active across a number of property sectors since 2023 which includes divesting 37 assets, valued at ~$735m, while acquiring 23 new assets over the same period with a combined end value of $1.75bn, including 18 industrial properties.Previous Article
Centennial has been active across a number of property sectors since 2023 which includes divesting 37 assets, valued at ~$735m, while acquiring 23 new assets over the same period with a combined end value of $1.75bn, including 18 industrial properties.Previous Article
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