ANNUAL REPORT 2017 | 9
DELIVERING
ON STRATEGY
The Fund continues to implement
its four key growth initiatives to
drive long term value creation and
sustainable earnings growth
01 ortfolio management
P
Initiative
Optimise and broaden the tenancy mix through proactive leasing, leveraging
retailer relationships and delivering operational excellence
Outcome
The portfolio continues to perform well with high occupancy, positive
leasing spreads and low incentives with increased diversification to
non-household categories
02 evelopment pipeline
D
Initiative
Identify and deliver value enhancing development opportunities within the
existing portfolio
Outcome
Nearing completion of the repositioning of the former Bunnings tenancy at
Sunshine Coast Home and construction on the portfolio’s first child care
facility at Cranbourne Home. Achieved 11 development approvals to expand
the portfolio
03 onsolidation opportunities
C
Initiative
Selective acquisitions to enhance the Fund’s portfolio and entrench the Fund
as the largest pure-play large format retail (“LFR”) landlord in Australia
Outcome
Acquired Castle Hill Super Centre and Marsden Park Home consolidating
the Funds foothold as the largest LFR land lord in Sydney with 43%
catchment coverage
04 Potential benefits from zoning & planning reforms
Initiative
Take advantage of regulatory reforms in zoning and planning regimes for the
existing portfolio
Outcome
Continue to progress long term master planning strategies for three centres
with flexible zoning
8 | AVENTUS RETAIL PROPERTY FUND
+ Sunshine
Coast Home,
QLD