Arnold Bloch Leibler is pleased to have advised our long term client, property funds group Centennial, in relation to financing associated with the acquisition the Cleveland Industrial Park - a 5.6ha logistics facility in Brisbane.
As reported in The Australian, following another recent purchase of a large industrial site southwest of Brisbane and two more acquisitions under way, the Cleveland Industrial Park purchase takes Centennial's portfolio to more than $2.4 billion under management.
Quoted in the article, Centennial's head of portfolio management Nick Lidonnici said the acquisition presented strong return profiles. "We are very confident to be adding Cleveland Industrial Park to our growing asset base,” he said.
The team was led by banking & finance partner Nathan Briner and senior associate Luise Squire. Commenting on the deal, Nathan Briner said ABL was delighted to be working alongside Centennial as it grew and added value to previously underperforming properties around Australia.
