SCA Property Group owns a diversified shopping centre portfolio located throughout Australia and New Zealand. As of December 2012, the portfolio consisted of 69 centres independently valued at $1,406 million (assuming completion of 13 development properties).
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 the Woolworths Group as anchor tenant at each property. Woolworths is one of Australia’s largest retailers measured by sales revenue and number of stores, and is Australia’s largest food and grocery retailer and the second largest food and grocery retailer in New Zealand. BIG W, Woolworths’ discount department store business, is the largest discount department store chain by sales in Australia. In addition, Woolworths is a major liquor retailer, home improvement and petrol retailer.
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SCA Property Group is internally managed. This structure is designed to enable a clear alignment of management interests to those of SCP’s unitholders.
SCA Property Group was listed on the Australian Stock Exchange on 26 November 2012 and commenced trading on 19 December 2012 on a normal settlement basis under the ASX code 'SCP'.