QIC Active Retail Property Fund
The QIC Active Retail Property Fund (QARP) is a portfolio of supermarket anchored sub-regional and neighbourhood shopping centres and high-quality large format retail centres that are dominant, or have the potential to become dominant, in their trade area.
This retail sub-sector has a low exposure to impacts from online sales, and opportunities for growth are targeted through active management, leasing and gradual small-scale development.
Established in June 2014, the Fund includes active management of four retail assets across Queensland and New South Wales, with the recent addition of established neighbourhood shopping centre, Bathurst City Centre, in November 2015.
As well as initiating submission of retail assets in our QARP portfolio for Green Star Performance Portfolio Ratings number of key ESG initiatives are being progressed for this portfolio in order to reach our goal of embedding environmental, social and governance considerations within all of our operational assets.