The sheer weight of capital seeking prime logistics assets and the “increasing adoption of e-commerce right across the market” will keep the industrial property boom rolling on, says Centuria Industrial REIT fund manager Jesse Curtis as the trust books a $587 million valuation gain over the past financial year.

Following a record 12 months in which CIP acquired almost $1 billion of data centres, cold storage sheds and other logistics assets and doubled its leasing activity to 240,000 square metres, Mr Curtis flagged potential upgrades to 2022 full-year earnings guidance of 18.1¢ per unit should it execute on its growth aspirations and take advantage of low gearing.