Strategic framework and business approach

BWP aims to provide investors with a secure and growing income stream and long-term capital growth. This is achieved through strong alignment with, and support for, the ongoing property needs of its customers, while also responding to the needs of the local communities where BWP owns real estate.

To achieve this core purpose the responsible entity invests on behalf of BWP according to the following strategies, objectives and investment criteria:

In delivering BWP's objective of providing investors a secure and growing income stream and long-term capital growth, the Group's key areas of focus align to its three strategic pillars: portfolio optimisation, profitable growth and portfolio renewal. To enable these strategic pillars, BWP prioritises commercial discipline, effective capital allocation and access, sustainability, and active and effective collaboration with key stakeholders.

BWP's three strategic pillars are summarised below:

Portfolio optimisation - optimising and leveraging the existing network while managing asset repurposing requirements.
Profitable growth - expanding the core portfolio and assessing adjacent growth segments and addressable markets, where feasible.
Portfolio renewal - focusing on active value creation through capital recycling and reinvestment in growth initiatives to complement the core portfolio, while maintaining a strong and flexible balance sheet.

Underpinning the strategic pillars are three supporting principles comprising:

Operating excellence - effective management of lease renewals and rent reviews and approved and planned developments.
Capital structure - proactive debt refinancing and capital management aligned to portfolio investment plans and acquisition target site identification.
Asset management - structured planned and unplanned maintenance and asset renewal and portfolio network planning via balance sheet leverage.

In implementing the strategic pillars, BWP's operating model is guided by themes focused on the areas of investment, drivers of returns and value creation initiatives.

Safety and Wellbeing

Health, Safety and Environment Commitment

BWP Trust is committed to the health and safety of our employees, contractors and visitors, to acting ethically and operating its business in a sustainable manner with respect to the environment.

Commitment

Sustainability & Environment Princples

Trust's ownership and management of established commercial property is considered to be low in intensity in terms of emissions, waste, and use of energy and materials, and low impact on biodiversity.

Further detail on our Sustainability & Environmental impacts and management can be found here.

Sustainability Policy

Social

The social impacts of the Trust are limited due to the passive nature and localised scope of the Trust's operations and the regulated environment in which it operates.

Further detail on social impacts and risk management can be found here.

Governance Approach

The 2021 Corporate Governance Statement, explaining the corporate governance framework and practices that we have adopted as they relate to the responsible entity and the Trust.

Further detail on the Trust's Corporate Governance framework can be found here.

Corporate Governance Statement

Property resilience

for year ended 30 June 2023

A further 15 air conditioning units were replaced to phase out ozone depleting refrigerant models and initiatives introduced to improve efficiency of air conditioning units
New energy efficient LED lights were installed at six properties during the year. As at 30 June 2023, 100 per cent of Trust-owned properties had LED lighting in one or more of the car park, nursery trading area, canopy trading area, or in the main store
Solar powered generation is installed at 24 properties owned by the Trust
A Tesla battery is installed at one property. The battery collects surplus energy from the solar installation at the property

Water

92 per cent of the Trust-owned properties have in place water tanks for the recycling of roof collected rain water

Quick links

Location

Level 14 Brookfield Place,
Tower 2,
123 St Georges Terrace,
PERTH WA 6000

Speak to us today

Tel: +61 8 9327 4356
Facsimile: +61 8 9327 4344
Email: investorrelations@bwptrust.com.au

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