Correction, August 2026: this page previously showed 116 Philippines back-office workers, which was more than seven times the 15 people the REIT itself employs. The figure came from a modern slavery statement lodged jointly by four Centuria entities, including Centuria Capital Limited, Centuria Funds Management and the trustees of the Industrial and Office REITs. It describes the group, not this trust, and it was being counted twice, once here and once against Centuria Capital. The record has been removed from this page and kept against Centuria Capital, which is the entity that actually employs staff. A reader flagged the number as implausible and they were right.
Financial Context
Market Cap
$1.8B
Revenue
$238M
The Story
- Correction, August 2026This page previously showed 116 Philippines back-office workers against Centuria Industrial REIT, a trust that employs 15 people. That is more than seven times its own workforce, and a reader flagged it as implausible. They were right. The figure comes from a modern slavery statement lodged jointly by four Centuria entities: Centuria Capital Limited, Centuria Funds Management Limited, and the trustees of the Industrial and Office REITs. It describes the group, not this trust, and the same 116 was being counted twice on this site, once here and once against Centuria Capital. The record has been removed from this page and kept against Centuria Capital, the entity that actually employs staff. Group-level disclosures being read as entity-level offshoring is a real hazard when a joint statement covers several listed vehicles, and this one inflated the site's totals. [Modern Slavery Register (joint Centuria statement)]
All facts sourced from public reporting. No editorial commentary. Click source links to verify.
Other Real Estate Companies That Offshore
Other companies in real estate with reported offshore operations.
| Company | ASX | Reported Offshore | Offshore Destinations |
|---|---|---|---|
| Centuria Capital | CNI | 116+ | 🇵🇭 Philippines |
What Public Sources Say
All information below is sourced from publicly available documents and reporting. Excerpts are direct quotes. Click source links to verify.
Additional Sources
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This list is not complete, and never will be
If a company isn't listed here, that doesn't mean it doesn't offshore. And every number is the lowest we can prove, so the real figures can often be higher.
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This list is not complete, and never will be
If a company isn't listed here, that doesn't mean it doesn't offshore. And every number is the lowest we can prove, so the real figures can often be higher.
This started as an ASX 200 project and mostly still is. It has widened as stories landed from outside that list, so it now also covers employers that aren't ASX-listed, like Canva, Allianz Australia, SS&C and Crown Resorts, along with government departments and agencies. Companies get added when something surfaces about them, not by working through a list in order.
Australian companies are under no obligation to disclose where their work is done, and there is no register of offshored jobs. Everything here comes from something that surfaced publicly: an annual report, a modern slavery statement, a news article, a union statement, a government contract, or a tip from someone who was there.
So an absence usually means nobody has reported on that company and we haven't got to it yet, not that it keeps its work onshore. Some of the biggest offshorers say nothing at all. And because each figure counts only what a source actually stated, the real numbers can often run higher, sometimes much higher.
Every figure links to the source it came from, so you can judge it yourself rather than take our word for it. If you know something that is missing or wrong, tell us. Corrections are published, not quietly buried.
This profile reflects public information at the time of publication and may not match current operations. Is something wrong or missing about Centuria Industrial REIT? Submit a correction. We welcome input from companies, employees, and researchers.