Australia’s largest listed pure-play industrial fund, Centuria Industrial REIT  (ASX: CIP), has secured WA’s largest industrial leasing deal for the 2024 calendar year-to-date, extending  AWH’s lease across 94,241sqm for a further seven-year term from 1 August 2025.  

AWH has operated across its premises within 310 Spearwood Avenue and Lot 14 Sudlow Road, Bibra Lake WA since 2012, and its new deal means it will remain on site until 2032. 

AWH is one of Australia's leading logistics and warehousing specialists, providing storage, handling, transport  and inventory management services for import, export and domestic distribution. AWH is also the world's largest  wool and independent cotton handler. AWH operates out of 16 locations throughout Australia. Further  information regarding AWH can be found at: awh.com.au. 

Michael Potenza, AWH’s Chief Executive Officer said, “Business continuity is a significant consideration for  our operations. We are the largest independent logistics services provider to the Australian wool and cotton  industries, handling approximately one million bales of wool annually while also facilitating sale room services  for the three national wool selling centres as part of our third party logistics (3LP) operations.  

“So our premises are key to our operations. There are few industrial sites within proximity to road, sea ports,  airports and rail transport nodes of this scale in WA, which is why we have continued to operate from here since  2012.” 

AWH is CIP’s largest tenant by area and accounts for 4% of the REIT’s annual rental revenue. It is also part of  CIP’s Top 10 customer tenants by revenue. 

Grant Nichols, CIP Fund Manager said “We are very pleased to extend AWH’s lease on this significant  southwest Perth industrial precinct. AWH has a long history at the site and the lease renewal demonstrates  further leasing momentum within CIP’s portfolio. 

“Active asset management, and a portfolio focused on urban infill industrial markets, has enabled CIP to continue executing strong leasing activity across both west and east coast Australia.” 

In addition to AWH’s lease extension, CIP also recently leased an 8,800sqm warehouse at 204-208 Bannister  Road, Canning Vale WA to Chairay Sustainable Plastic, on a five-year term from 1 August 2024. The newly  completed two-unit industrial facility has now achieved 100% occupancy. 

In total, CIP has leased more than 103,000sqm across its WA portfolio in recent months. 

CIP’s portfolio is eight per cent weighted to Western Australia, totalling nine assets worth c.$350million.  CIP’s entire Australian portfolio comprises 89 assets worth $3.8 billion.

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