May 11 2019Add to Favorites
The Centennial Industrial and Logistics (CIL) launches its latest Enhanced Value fund will follow on from the success of the CIL I and CIL II funds which currently own 6 industrial and logistics properties across Brisbane and Melbourne totalling around $90 million in value.
Quality seed asset already acquired
CIL has recently finalised its first asset for the fund. The Brooklyn Distribution Park is a fully leased industrial and logistics park located in the highly sought after inner western suburb of Brooklyn. The property features a substantial main road landholding improved by five freestanding industrial buildings and cafes. It is currently fully leased with high quality tenants and strong income potential.
Why MP likes the new CIL enhanced fund
MP Funds Management likes this new Enhanced Value Fund based on the following:
Early access for CPG investors
Existing CPG investors are entitled to request early allocations to this new fund, before release to the broader market. CIL are also committing to scalebacks on allocation requests from existing investors received before 30 April 2018.
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