Home+ Enhanced Value Fund

Centennial is a leading, independent Australian property investment manager.

as seen in

$2.8bn

15

68

~20%

^{^} As of 1 May 2026

weighted average fund
irr for sold properties

assets

years in business

assets under management

About The Manager

With a disciplined, value-driven investment approach, Centennial identifies assets with embedded upside through active asset management, leasing repositioning and strategic capital initiatives.

Centennial has a proven track record, with a current portfolio of $2.8bn including ~$300m retail platform.

Property Snapshot

Access a fully leased Sydney retail investment with embedded growth.

OUR TEAM

Executive Committee

As one of Australia’s leading property investment managers, our specialist team has a proven track record of execution across transactions, asset, development and project management of properties in Sydney, Melbourne, Brisbane and Adelaide. We are trusted by our capital partners comprising global investment managers, private clients, family offices and wealth managers.

Asset Highlights

4.4 years

WALE

100%

Occupancy

$66.8m

Purchase Price

CENTENNIAL HOME+ ENHANCED VALUE FUND

Access the Investor Pack

Access a fully leased Sydney retail investment with embedded growth.

Why This Opportunity Stands Out

Centennial Metro
Industrial Fund

Invest in a rare institutional-quality, land-rich Sydney retail asset with secure income today and embedded value creation tomorrow.

Access a Land-Rich Sydney Retail Asset Targeting 16.3% IRR. Fully leased to national retailers including Bunnings, Harvey Norman and BCF, Home+ Enhanced Value Fund combines defensive income with multiple embedded growth drivers in one of Sydney’s fastest-growing urban corridors.

Home+ Enhanced Value Fund

OUR TEAM

Executive Committee

CENTENNIAL HOME+ ENHANCED VALUE FUND

Why this Fund?

Defensive Income 

Embedded Rental Growth

major tenants

Centennial is an active real estate investment manager with deep expertise across retail, large format retail and mixed-use assets.

CENTENNIAL

WATCH NOW

Fund Overview

Access a Land-Rich Sydney Retail Asset Targeting 16.3% IRR.

Fully leased to national retailers including Bunnings, Harvey Norman and BCF, Home+ Enhanced Value Fund combines defensive income with multiple embedded growth drivers in one of Sydney’s fastest-growing urban corridors.

100% occupied with national tenants and a 4.4-year WALE delivering secure cash flow from day one.

Acquired Below Replacement Cost

Purchased materially below the cost to replicate today — limiting competing supply and supporting long-term value.

Current rents are below market, creating significant opportunity to capture rental reversion as leases expire.

Land-Rich Strategic Site

37,840 sqm site positioned within Sydney’s North West Growth Area — one of Australia’s fastest-growing population corridors.

Active Value-Add Strategy

Potential to reposition the Bunnings tenancy and materially increase income and tenancy diversification over time.

Strategic Growth Corridor Exposure

Positioned within Sydney’s North West Growth Area, benefiting from strong population growth, expanding infrastructure investment and increasing Large Format Retail demand.

CENTENNIAL HOME+ ENHANCED VALUE FUND

Investment Strategy & Rationale

Centennial’s investment strategy is underpinned by
five key drivers:

Strong & Defensive Return Profile

Capture Positive Rental Reversion

Targeting 16.3% IRR through a secure large format retail centre, fully-leased with 4.4 year WALE and 100% national tenants. Average distribution of 5.0%+ p.a.

95% of GLA expiring during the investment term providing significant opportunity to capture 13% positive rental reversion, materially increasing net income and terminal value.

Income Optimisation

Investigate rooftop solar options for cost savings and an increase in passing income.

Bunnings Reconfiguration

Opportunity to reconfigure the Bunnings tenancy on expiry and substantially increase the income via multiple tenancies.

Optimised Exit

Maximise exit optionality following execution of leasing and repositioning initiatives, against a backdrop of increasing institutional investor demand for Large Format Retail assets.

Access a fully leased Sydney retail investment with embedded growth.

Access a Rare Sydney Retail Investment Opportunity

ASSET

McGraths Hill

VALUE

$66.8m

TENANTS

8

WALE

4.4 years

OCCUPANCY

100%

Income by Tenant

CENTENNIAL HOME+ ENHANCED VALUE FUND

100%

National Tenant Profile

Access a fully leased Sydney retail investment with embedded growth. 

Access a Rare Sydney Retail Investment Opportunity

Asset Highlights

Centennial’s investment strategy is underpinned by five key drivers:

CENTENNIAL HOME+ ENHANCED VALUE FUND

CENTENNIAL HOME+ ENHANCED VALUE FUND

Access a Rare Sydney Retail Investment Opportunity

Access a Rare Sydney Retail Investment Opportunity

Access the Investor Pack

Access a fully leased Sydney retail investment with embedded growth.