CapStra was engaged by Centennial Industrial & Logistics, an independent, private property funds manager to procure a strategic partner to capitalise a portfolio of industrial and logistic assets. The investment strategy is targeted at value-add to core industrial and logistic assets typically priced between $10-$30m located on the eastern seaboard of Australia.
CapStra managed the transaction, our client, and prospective capital partners from initial negotiations through to heads of agreement and final contract documentation. Throughout the transaction, CapStra was responsible for preparing investor presentation materials, financial modelling, and the coordination of due diligence materials.
Leveraging existing investor relationships, CapStra undertook a bespoke, select tender campaign, including global and domestic institutional investors to identify potential capital partners that are a strategic fit and meet our client’s objectives of providing sustainable, programmatic capital. By targeting global and local investors, CapStra was able to procure capital on competitive terms, leveraging the risk mitigants in place, including the attractive market investment dynamic, our client’s track record, a substantial deal pipeline and senior debt funding.
CapStra procured offers from various investors and following the select tender campaign, identified a preferred counterparty, and negotiated the terms of the investment. We also provided full oversight during the due diligence and final approval stages, facilitating the process through to financial close.
CapStra identified several interested parties, ultimately securing $140m of committed equity funding from a single, blue-chip global strategic investor, creating a substantial dedicated investment platform for our client. It is expected that the strategic investor will look to make incremental commitments to the strategic partnership moving forward.