Centuria Industrial REIT has expanded its exposure to Australia’s data centre market with AUD 60.2 million of acquisitions and the submission of a development application for a new 40MW facility in Melbourne, as part of its HY26 results.
The listed industrial landlord acquired a AUD 30 million data centre in Wellcamp, Queensland, secured on a 15-year lease. The facility has existing capacity of up to 2.5MW and includes an onsite substation and surrounding land, providing what the REIT described as optionality for future expansion.
It also purchased a AUD 30.2 million industrial facility in Yarraville, Victoria. While currently operating as an industrial asset, the site is located near major power infrastructure and a significant adjacent data centre development, positioning it for potential future conversion or redevelopment.
In addition to the acquisitions, the REIT has lodged a development application for an approximately 40MW data centre adjacent to the existing Clayton Data Centre in Victoria. The proposed facility would be built on an under-utilised portion of the site, enabling additional capacity without the need to acquire further land or materially impact existing operations.
Jesse Curtis, Centuria head of funds management, said the group would continue to build on its exposure to digital infrastructure. “CIP continues to leverage its exposure to the data centre sector. Australia’s data centre market is experiencing substantial growth, with demand now outpacing supply amid accelerated digital transformation and AI adoption. Our recent acquisitions and development initiatives in this space positions CIP to capture outsized benefits from one of the fastest-growing segments in real asset investment.”
The data centre transactions formed part of Centuria’s interim results for FY26, during which the REIT reaffirmed upgraded full-year FFO guidance of 18.2–18.5 cents per unit and maintained distribution guidance of 16.8 cents per unit.
Management said the combination of long-leased operational assets and development optionality would allow the trust to participate more directly in Australia’s tightening data centre supply environment, particularly in markets with constrained power and land availability.