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OUR PROPERTY PORTFOLIO
As at 30 June 2016 the Trust owned 81 investment properties, all within Australia, with a
total value of $2,184.2 million and a weighted average lease expiry of 5.9 years.
Portfolio at a glance
Year ended 30 June
2016
2015
2014
2013
2012
Bunnings Warehouses
71
72
70
62
62
Bunnings Warehouse with showrooms
8
8
8
5
4
Bunnings Warehouse development sites
-
-
4
2
1
Large format retail showrooms
2
1
1
1
1
Industrial properties
-
1
4
4
4
Total BWP portfolio
81
82
87
74
72
Annual capital expenditure
$13.5m
1
$118.9m
1
$383.3m $37.1m $95.7m
1
An amount of $5.7 million was accrued in 2015 for developments under construction
Capital expenditure during 2015/16
$m
Acquisitions
Minchinbury (land)
0.2
Developments
Rockingham expansion
4.6
Lismore expansion
4.6
9.2
Other expenditure
Maitland
2.1
Other non-income producing
2.0
4.1
Total
13.5
Property acquisitions
BUNNINGSWAREHOUSE ADJOINING LAND, MINCHINBURY,
NEWSOUTHWALES
In May 2016, the Trust acquired for $0.2 million an 835 square
metre site adjoining the Trust-owned Bunnings Warehouse
at Minchinbury, New South Wales. The land was acquired to
improve vehicle movement in the goods inwards area at the store.
Property divestments
In May 2016, the Trust completed the sale for net proceeds of $7.5
million of the industrial property at Blacktown, New South Wales.
Port Melbourne, VIC
BWP Trust Annual Report 2016
15
Business Review