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Centuria lifts glasshouse portfolio to $450m with big Vic acquisition

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ASX-listed fund manager Centuria has cemented its status as the country’s largest owner of vegetable-growing glasshouses after buying the Katunga Fresh facility in northern Victoria for about $100 million in a sale-and-leaseback deal with the Van den Goor family.

The acquisition of the 21-hectare glasshouse facility, which produces about 15 million kilograms of tomatoes a year and supplies all the major supermarkets, takes Centuria’s glasshouse portfolio to $450 million and over 100 hectares of real estate.

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Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com

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    Original URL: https://www.afr.com/property/commercial/centuria-lifts-glasshouse-portfolio-to-450m-with-big-vic-acquisition-20240502-p5foj3