Shopping Centres Australasia Property Group

About

SCA Property Group owns a diversified shopping centres portfolio located throughout Australia. The portfolio consists of 77 centres valued at $2,437.7 million as at 31 December 2017. SCA Property Group predominantly focuses on convenience retailing through its ownership and management of a quality portfolio of neighbourhood and sub-regional shopping centres and freestanding retail assets. Over time, this asset class has proven to be resilient due to its exposure principally to non-discretionary retail tenants. Convenience-based assets have a strong weighting to food sales through grocery-based anchors such as supermarkets. SCA Property Group's portfolio benefits from long term leases to both Woolworths Limited and Wesfarmers Limited, which act as anchor tenants at each property. Wesfarmers is the owner of Coles and other retail businesses. Woolworths and Coles are Australia's largest retailers by sales revenue and number of stores. Woolworths and Wesfarmers are also major liquor, home improvement and petrol retailers.