SYDNEY – Centuria Capital Group (ASX: CNI) said on Monday it has acquired Arrow Funds Management, adding $444 million in agricultural assets under management (AUM) and lifting its agriculture portfolio to $1.3 billion.
The deal, struck at a 5.5 times EBIT post-synergy multiple, expands Centuria’s footprint in alternative real estate and is expected to be accretive to earnings. Arrow’s portfolio spans 22 properties with a weighted average lease expiry of 12.7 years, leased to major producers including Baiada Poultry Group, Select Harvests and SunPork Group.
Centuria said the acquisition aligns with its strategy to diversify into high-conviction real estate sectors, noting agriculture AUM has grown 85% since the start of FY26. Arrow’s management team, including CEO Andrew Ashbolt, will transition to Centuria, with Ashbolt joining the APIF investment committee.
Joint CEOs John McBain and Jason Huljich said the deal strengthens Centuria’s agriculture division and provides opportunities to leverage its private client investor base. The acquisition will be funded through existing cash and undrawn debt facilities.
Centuria manages $20.6 billion in assets across listed and unlisted real estate funds and investment bonds as of June 30, 2025.