BWP TRUST ANNUAL REPORT 2015
2
INVESTMENT APPROACH
STRATEGIES
INVESTMENT CRITERIA
OBJECTIVES
>> Full occupancy and strong customer
financial covenants
>> Commercial approach to rent reviews,
outgoings and stay-in-business capital
expenditure
>> Pursuit of longer term property value
enhancement opportunities
>> Divestment of non-core assets, where
value has been optimised
>> Re-investment in existing stores to
support the evolving requirements of
major customers
PRO-ACTIVE
MANAGEMENT
OF EXISTING
ASSETS
>> Source quality Bunnings Warehouses
from Bunnings or third parties
>> Acquisition of prime large format
retailing properties anchored with a
Bunnings Warehouse
>> Network rollout support for emerging
large format retail concepts with similar
risk/return characteristics
PORTFOLIO
GROWTH
>> Significant catchment area
>> Visible and accessible from a major road,
highway or freeway
>> Ready vehicle access and ample
on-site parking
>> Long term occupancy potential
>> Leases to businesses with strong financial
and value creation attributes
>> Geographic diversity
>> Active capital management
>> Disciplined investment approach
>> Sustainability endeavours that have
impact
>> Effective stakeholder engagement
EFFECTIVE
MANAGEMENT
OF THE TRUST
AND ITS CAPITAL
PREFERRED
PROPERTY
ATTRIBUTES
BWP Trust aims to provide a premium commercial real estate investment
product, delivering unitholders a secure and growing income stream
and long-term capital growth, through strong alignment with, and by
supporting the ongoing property needs of its customers.
To achieve this core purpose the responsible entity invests on behalf of the Trust according
to the following strategies, objectives and investment criteria:
OVERVIEW
