Investment Strategy

Core purpose

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.

Investment approach

The Trust's investments comprise commercial real estate - predominantly warehouse retailing properties and, in particular, Bunnings Warehouse properties.  Investments are made on behalf of the Trust by the responsible entity, according to the following strategies and investment criteria:

Strategies

To achieve BWP Trust's core purpose, the responsible entity pursues the following principal strategies:

• Drive better returns from existing assets through focused and pro-active asset management
• Generate growth by acquiring quality commercial properties that meet the Trust's investment criteria
• Deliver efficiency, sustainability and value through effective management of the Trust and its capital

Investment criteria

• Ample land area (average 3 hectares)
• Visible and accessible from a major road, highway or freeway
• Ready vehicle access and ample on-site parking
• Significant catchment area
• Offers geographic diversity
• Long-term lease (or re-leasing potential)
• Financially substantial tenant in an economically, socially and environmentally sustainable business
• Includes sustainability measures or prospects