Port Adelaide Industrial Property Sets Record as Centuria Buys $216M Logistics Asset

Centuria Industrial REIT has made headlines with its landmark $216 million purchase of the Port Adelaide Distribution Centre — the largest ever industrial property transaction in South Australia. This bold acquisition signals growing national interest in the Port Adelaide region and South Australia’s rising status as a logistics and supply chain hub. As industrial land tightens along the east coast, institutional investors are now targeting key port-linked assets across the southern corridor.

Centuria Makes a Strategic Play in South Australia

The newly acquired distribution centre spans 90,000sqm of GLA and sits on a 22.6-hectare landholding with strategic access to port facilities. The site is fully leased to a global third-party logistics provider, making it an income-producing asset with significant redevelopment potential over the long term.

• $216 million transaction sets a new industrial sales benchmark for SA

• Located in the heart of Port Adelaide’s high-demand logistics zone

• Fully leased to a global 3PL operator with long-term commitments

• Occupies a prime 22.6ha site with scalability for future logistics or cold storage

• Reflects growing institutional appetite for port-proximate industrial land

Port Adelaide’s Industrial Market Steps into the Spotlight

While often overshadowed by eastern seaboard markets, Port Adelaide is now one of the country’s most attractive industrial growth regions. Government investment, infrastructure upgrades, and proximity to defence and energy projects are transforming the precinct into a nationally significant industrial hub.

• Linked to the $100B AUKUS submarine program and Osborne Naval Shipyard

• Proximity to Adelaide’s Outer Harbour Port and intermodal terminals

• State and local government support for freight and heavy industry infrastructure

• Strategic relevance to energy transition and offshore wind servicing projects

• Competitive land pricing compared to Sydney, Melbourne, and Brisbane

Suburbs and Precincts Driving SA’s Industrial Boom

Investors and developers are now taking a closer look at adjoining precincts and future development corridors. Leasing demand is rising, and land banking strategies are underway in key locations.

• Gillman: Large-format parcels and close proximity to Port River Expressway

• Wingfield: Established industrial with strong owner-occupier interest

• Osborne: Defence-aligned growth driven by naval shipbuilding programs

• Dry Creek: Increasing relevance for warehousing and freight logistics

• Edinburgh Parks: Northern corridor expansion with manufacturing and logistics interest

Land Demand and Investment Outlook

The Centuria deal underlines the shifting investment mindset toward high-value, long-hold industrial land with strategic positioning. While yields are tightening, demand for port-adjacent logistics continues to surge.

• Institutional capital flowing into traditionally overlooked SA markets

• National logistics operators seeking long-term leases in stable zones

• Significant uplift potential in both land value and income over 5–10 years

• Landowners now exploring joint ventures and D&C partnerships

• Regional markets like Port Adelaide offering resilient, long-term upside

Why This Matters for Property Owners in South Australia

The Centuria acquisition provides a signal for owners, agents, and developers across SA — high-value assets in strategic corridors are in demand. Marketing your asset with a clear visual and investment story is crucial to stand out in a competitive capital environment.

• Full 3D renders, aerial maps and stage plans help highlight asset value

• Visuals support lease-up, sale campaigns, and institutional presentations

• Projects with clear identity and use-case positioning attract faster interest

• Interactive IMs and virtual walkthroughs provide a strong edge in remote deals

How Commercial Property Marketing Can Help

We help South Australian property owners elevate their commercial assets through 3D visualisation, site plans, marketing packs, and digital strategies. Whether you’re selling, leasing or attracting investors, our tools help you stand out in today’s fast-paced logistics landscape.