Centuria expands agriculture AUM to $1.3bn with Arrow acquisition

Centuria Capital Group has acquired the management rights of Arrow Primary Infrastructure Fund (APIF), adding an additional $444 million in agriculture AUM. This acquisition increases Centuria's total agriculture AUM to $1.3 billion, an 85% increase since FY26 commenced. The move strengthens Centuria's position as a leading fund manager in the alternative agricultural real estate sector and is expected to be accretive to the group's future earnings.

APIF's portfolio consists of 22 properties valued at $444 million, with a 12.7-year WALE. Its diversified holdings include poultry, almonds, macadamias, and citrus, with long-term leases to major Australian primary production companies. Centuria intends to support APIF's growth through its existing investor network.

The acquisition will be funded using Centuria's existing cash and undrawn debt. The entire Arrow management team, including chief executive Mr. Andrew Ashbolt, will transition to Centuria, ensuring seamless service delivery to clients. Centuria anticipates offering carefully selected agricultural investment opportunities to enhance the Arrow portfolio.