Industrial property’s ‘spectacular’ run coming to end: analysts
The latest valuations of logistics properties owned by ASX-listed heavyweight Centuria Industrial REIT (CIP) may signal the industrial property market is close to its peak, as rising interest rates and bond yields start to take their toll on the high-flying sector, industry analysts say.
The $4.1 billion trust, which calls itself “Australia’s largest domestic pure play industrial REIT”, registered an increase in values of just 1.3 per cent ($48 million) over the first six months of this year, and no change in its weight average capitalisation rate – or yield – of 4.19 per cent following independent valuations of almost two-thirds of its portfolio.
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