BUNNINGS WAREHOUSE PROPERTY TRUST
Wesfarmers’ investment in the Bunnings Warehouse Property Trust resulted in a pre-tax contribution of $46.9 million, a large proportion of which was due to property revaluations.
The Trust was established in 1998 with a focus on warehouse retailing properties and, in particular, Bunnings Warehouses leased to Bunnings Group Limited. Bunnings Property Management Limited, the responsible entity for the Trust, is a wholly owned subsidiary of Wesfarmers Limited.
Units in the Trust are listed on the Australian Securities Exchange and Wesfarmers holds, through a wholly-owned subsidiary, 22.64 per cent of the total units issued by the Trust.
The Trust’s current portfolio consists of a total of 59 properties:
50 established Bunnings Warehouses, two Bunnings distribution centres; two development sites for Bunnings Warehouses; three office/warehouse industrial properties; and two retail/bulky goods showrooms.
BUSINESS WEBSITE
www.bunningspropertytrust.com.au
