The responsible entity, Bunnings Property Management Limited (BPML), has established the following objectives for the Trust:

• to provide unitholders with a secure, growing income stream and capital growth;
• to protect unitholders' interests;
• to add quality properties to the portfolio; and
• to distribute all net income each financial year.

To achieve these objectives the responsible entity will pursue the following principal strategies:

• acquiring properties with long term leases to substantial tenants;
• ensuring that properties are well located and the portfolio is geographically diversified;
• maintaining a prudent interest rate hedging position;
• operating within an appropriate compliance plan; and
• ensuring focussed and proactive asset management.

The performance of the Trust will be underpinned by the performance of the property sector and in particular the success of the Bunnings Warehouse strategy.