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 objective, strategies and investment criteria:

Objectives and strategies

The responsible entity, Bunnings Property Management Limited (BPML) has defined the core purpose of the Trust as being:

To provide a premium commercial real estate investment product, delivering unitholders a secure and growing income stream and long-term capital growth.

To achieve this objective the responsible entity will pursue 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
• Financially substantial tenant in an economically, socially and environmentally sustainable business
• Includes sustainability measures or prospects