Centennial Property Group

What Centennial Property Group does

Centennial Property Group is an Australian private property investment manager and developer founded in 2011 and headquartered in Sydney. The firm specialises in mid-space industrial and logistics, commercial, retail, and boutique residential real estate across Australia's eastern seaboard (NSW, QLD, VIC, SA) with approximately $2.7 billion in assets under management across more than 150 assets. Its operating model is centred on identifying and regenerating mispriced or under-utilised mid-space industrial and logistics assets (typically 1,000-10,000 sqm) in land-constrained metropolitan locations through its trademarked Centennial Regen+® strategy, combined with selective expansion into commercial and retail property via joint ventures.

The company generates revenue from four primary streams: recurring management fees on assets under management across closed-end and open-ended funds; performance fees and carried interest tied to targeted IRRs of 13-20%+ on realised investments; transaction-based acquisition and disposition fees; and development management, leasing, and asset management fees across a ~$900m national development pipeline. Distribution is direct to wholesale investors, high net worth individuals, SMSFs, family offices, and institutional capital partners via dedicated investor relations, an Automic-powered investor portal, on-the-ground state teams, and capital-raising campaigns under its AFSL (436802). Tenant relationships are managed through a dedicated tenant portal and direct property management.

Recent strategic activity has emphasised institutional-grade JV partnerships — Enhanced Value Partnership (EVP) with Brookfield ($730m, 2023), partnership with Parkstone Funds Management (2024) to enter retail, MaxCap Group joint ventures, and a Phoenix Property Investors JV (2025) — alongside the 2025 launch of the firm's first open-ended fund (CENMIF), the 2025 transition to a single-CEO structure under Paul Ford with co-founder Jonathan Wolf as Executive Chair, and senior hires including CFO Matt Knox (ex-Frasers Property) and Head of Development Allison Basford (ex-Space Urban) to execute a multi-sector growth strategy.

Name

Centennial Property Group

Legal name

Centennial Property Group Pty Ltd

Website

https://centennial.com.au

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Centennial Property Group is an Australian private property investment manager and developer founded in 2011, managing approximately $2.7 billion across mid-space industrial, logistics, commercial, retail and boutique residential assets. It serves wholesale investors, SMSFs and institutional partners via closed-end, JV, and open-ended fund structures.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Investment Management

NAICS

Nonresidential Property Managers (531312)

SIC

Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)

Keywords

• Property investment management
• Industrial real estate funds
• Commercial property development
• Unlisted property funds
• Asset management services

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Fund Management Fees: Management fees charged on assets under management across various closed-end funds, open-ended funds, and institutional mandates. Revenue based on percentage of AUM.
2. Performance Fees / Carry: Carried interest on investment returns above preferred return thresholds. Targets IRR of 13-20%+ on realized investments.
3. Acquisition and Disposition Fees: Transaction-based fees on property acquisitions and divestments across the fund portfolio.
4. Development Management: Fees from managing development pipeline projects including industrial estates, retail centres, and commercial assets with ~$900m national development pipeline.
5. Asset Management and Leasing: Ongoing property management and leasing services for tenant customers across industrial, retail, and commercial portfolios.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Centennial Property Group is an independent Australian property investment manager and developer that acquires, develops, and actively manages industrial, commercial, retail, and boutique residential assets. The company manages approximately $2.7 billion in assets under management through unlisted property funds, closed-end syndicates, and open-ended vehicles targeting wholesale and institutional investors. It also operates an asset management and leasing business for tenants across its portfolio.

Differentiator

Problem solved

Functional benefit

Brands

• Centennial Regen+: Repositioning strategy for replacing or repurposing facilities within established industrial precincts into mid-size institutional-grade assets.
• Home+
• MetroLink Estate
• MetroLink Estate

Products and services

• Centennial Metro Industrial & Logistics Fund (CENMIF) Open-ended wholesale property fund providing investors access to mid-space industrial and logistics assets across metropolitan Australian markets, with regular income distributions and capital growth potential.
• Enhanced Value Partnership (EVP) Fund Closed-end joint venture fund with Brookfield acquiring mid-space industrial and logistics assets across Australia's eastern seaboard for institutional and wholesale investors.
• Home+ Enhanced Value Fund Single-asset closed-end fund providing wholesale investors exposure to a large format retail centre, offering regular distributions and targeted IRR.
• Kurnell Industrial Park Trust Closed-end fund acquiring an industrial land subdivision site at Kurnell, NSW, targeting high IRR through industrial land redevelopment.
• Portside Wharf Trust Closed-end single-asset fund acquiring a waterfront retail precinct anchored by Dendy Cinemas, Subway and IGA in Brisbane.
• Village on Summer Unit Trust Closed-end single-asset fund acquiring a neighbourhood retail centre anchored by Supa IGA and Dan Murphy's in Orange, NSW.
• Cleveland Industrial Park Trust

Quantifiable outcome

• ~20% weighted average IRR on realized investments across core, core+, value-add and development strategies
• +4 more outcomes

Named customers27 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Four partnerships are on record, tiered core and supporting.

• Parkstone Funds ManagementcoreStrategic or Co-development Partner · 1 March 2024Retail joint venture partner with equity interest and board representation for Centennial. Partnership acquired Hinkler Central Shopping Centre ($107m), Village on Summer Street Orange ($37.4m), with plans to grow retail portfolio to $1bn. Parkstone brings specialist retail management expertise.
• AutomicsupportingTechnology or IntegrationInvestor portal platform provider for unitholder access to statements, distributions, and account management.
• Commercial CafésupportingTechnology or IntegrationTenant portal platform for property management, maintenance requests, and tenant communications.
• Security Registrars and AdministratorssupportingTechnology or IntegrationThird-party service providers for unit register maintenance, investor communications, and regulatory compliance.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Dexus: ASX-listed Australian real estate investment manager and REIT with industrial, office, and logistics exposure. Direct comparable: similar mid-space industrial strategy, integrated funds management and asset management, and on-the-ground regional teams across Australia's eastern seaboard.
• Centuria Capital Group: ASX-listed specialist property funds manager with industrial, healthcare, and real estate finance verticals. Direct comparable: comparable AUM scale and product structure, including closed-end unlisted funds targeting wholesale investors, plus active asset management of mid-market industrial assets.
• Cromwell Property Group: ASX-listed diversified property investment manager and REIT with Australian and European assets. Direct comparable: similar mix of office, industrial, and retail assets; both operate active asset management programs with institutional and wholesale capital pools.
• Growthpoint Properties Australia: ASX-listed industrial and office property trust. Direct comparable: similar industrial asset focus, mid-size tenant roster, and Australian metro concentration; differs in being a listed REIT rather than a private fund manager.
• Charter Hall Group: ASX-listed property investment and funds manager with significant industrial, retail, and commercial exposure across Australia. Direct comparable: both operate multi-strategy property fund platforms targeting wholesale and institutional capital with similar asset class mix and active asset management.

Broad incumbents

• Goodman Group: ASX-listed global industrial and logistics property platform with major Australian footprint. Broader incumbent: while much larger, Goodman shares the institutional-grade industrial/logistics investment thesis and operates partnerships with similar institutional capital sources in Australia.
• ESR Group: APAC-focused logistics and industrial real estate platform with substantial Australian operations. Broader incumbent: comparable industrial/logistics fund management model, but operates at significantly larger scale and includes development-led logistics parks.
• Frasers Property Industrial: APAC industrial property platform and former employer of Centennial's new CFO Matt Knox. Broader incumbent: operates $15bn+ industrial platform with similar strategy; comparable as a talent pedigree reference and a larger competitor in the same asset class and geography.

Regional players

• HomeCo Daily Needs REIT: ASX-listed large-format and neighbourhood retail property trust with major Australian portfolio. Comparable: Centennial acquired HomeCo's North Lakes centre for $52m, indicating overlap in large format retail tenant relationships; differs in being listed and retail-only.

Emerging players

• MaxCap Group: Australian commercial real estate debt and equity fund manager. Comparable as a JV partner on multiple Centennial industrial acquisitions (Murarrie, Kurnell, Willawong); operates in adjacent capital provision role in the same Australian industrial mid-space market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/centennialpropertygroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Centennial Property Group