inspiring shopping experiences · 2017-12-21 · credentials & capabilities 3 amp capital...

AMP Capital Shopping CentresCredentials & Capabilities

INSPIRING SHOPPING EXPERIENCES

AMP CAPITAL’S AMBITION.Helping people own tomorrow by delivering outstanding investment outcomes to our clients.

AMP CAPITAL SHOPPING CENTRES’ PURPOSE. Creating inspiring shopping experiences.

AMP CAPITAL SHOPPING CENTRES’ VISION.To be a world-class property and development team, delivering significant value to our clients.

2 AMP CAPITAL SHOPPING CENTRES CREDENTIALS & CAPABILITIES

3 AMP CAPITAL SHOPPING CENTRES

CREDENTIALS & CAPABILITIES

AMP Capital Shopping Centres is part of AMP Capital Investors Limited (AMP Capital), one of the largest investment houses in the Asia-Pacific. With offices in Australia, New Zealand, Asia, Europe and North America, AMP Capital’s clients benefit from the scale and global reach of a highly-respected company with expertise in real estate, infrastructure, fixed income, equities and multi-asset solutions.

Our experience and leadership across asset classes provides insights into ever-changing markets and means we are at the forefront of developing contemporary investment solutions for clients.

OUR CLIENTS

Delivering outstanding investment outcomes is at our heart.

OUR CLIENTS BENEFIT FROM OUR:Disciplined focus on investment performance

Trusted and professional sector-leading capabilities

Vertically-integrated business model

High quality and diverse portfolio

Philosophy of sustainable and responsible management for long-term ownership

Ability to create inspiring shopping experiences




INTRODUCTION

For decades, AMP Capital has managed real estate investment for its clients across the business cycle. Today, AMP Capital manages over $21.7 billion* in direct real estate assets on behalf of institutional and retail clients.

AMP Capital Shopping Centres is a specialised team of experts within AMP Capital Property, whose mission is to create inspiring shopping experiences. With a portfolio of 27 centres, the team combines world-class experience and specialist capabilities in the management of some of Australia and New Zealand’s most successful and high-performing retail centres.

Part of a unified investment houseAs a wholly-owned subsidiary of AMP Capital, AMP Capital Shopping Centres operates as a separate business entity, accountable to the owners of the centres it manages. AMP Capital Shopping Centres is part of the AMP Capital unified investment house, able to draw on the significant experience and expertise of AMP Capital and the AMP Group to bring a universal perspective to delivering investment performance. This includes market intelligence and research capabilities, in-depth knowledge of global financial markets and extensive tracking of investment markets and opportunities.

As part of a unified investment house, AMP Capital Shopping Centres’ diverse range of skills plays an important part in helping us deliver inspiring shopping experiences. We know that the more unique and localised the experiences we deliver, the greater the potential return to our clients, retailers and customers.

What sets us apart?AMP Capital Shopping Centres is taking a place-led approach in creating unique and authentic destinations, customised to suit the local market, and delivering distinct experiences. We want to welcome our customers with distinctive and customised experiences that create much-loved places they want to return to again and again.

AMP Capital Shopping Centres has a team of experts who add value to investment performance on behalf of shopping centre owners, with specialist capability in:

• Asset management

• Development

• Acquisitions

• Property management

• Leasing

• Brand and retail solutions

• Finance

• Operations

• Marketing

• Retail design and delivery

• Placemaking

• Research

AMP Capital is one of the largest real estate fund managers in the Asia-Pacific with more than 50 years’ experience in real estate investment and a team of more than 440 professionals, working together to achieve optimal investment performance outcomes for our clients.

*As at 30 June 2016




2016 BIG GUNS

One leading regional centre in the top 20 (out of 91) highest performing MAT^ $

• Garden City Perth, WA (16th)

Two regional centres in the top 20 (out of 90) highest performing MAT^ $psm

• Garden City Perth, WA (6th)

• Karrinyup Shopping Centre, WA (17th)

Two of Australia’s top 10 highest performing specialty MAT^ $psm

• Garden City Perth, WA (3rd)

• Karrinyup Shopping Centre, WA (9th)

2015 LITTLE GUNS

Two of Australia’s top 10 (out of 95) highest performing MAT^ $psm

• Marrickville Metro Shopping Centre, NSW (2nd)

• Casula Mall, NSW (7th)

Two of Australia’s top 20 (out of 95) highest performing speciality MAT^ $psm

• Marrickville Metro Shopping Centre, NSW (12th)

• Casula Mall, NSW (17th)

2016 MINI GUNS

Two of Australia’s top 35 (out of 145) highest performing MAT^

• Malvern Central, VIC (29th)

• Northbridge Plaza, NSW (34th)

Two of Australia’s top 25 (out of 145) highest performing MAT^ $psm

• Northbridge Plaza, NSW (4th)

• Royal Randwick Shopping Centre, NSW (22nd)

FAST FACTS*

* As at 30 June 2016. Includes internally managed centres and AMP Capital’s share of ownership for externally managed centres.

27properties in Australia and New Zealand

OVER

$9.97B of assets under management

AROUND

600 leasing deals completed annually

MORE THAN

1.3M SQM of retail floor space

* 2015 and 2016 Shopping Centre News surveys.^ Moving Annual Turnover.

A TEAM OF

300PROFESSIONALS

OVER

158M annual visitations

OVER

$7.9B in annual sales

AROUND

3,500RETAILERS




OUR SPECIALIST CAPABILITIES

AMP Capital Shopping Centres seeks to understand shoppers better than any other shopping centre manager.

We use AMP Capital Shopping Centres’ collective knowledge and expertise to deliver the best shopping experiences across all categories.

We aim to provide the highest standard of shopping centre management for our clients. The team takes an integrated approach to the management of our clients’ portfolio based on our strong sector specialisation in the shopping centre asset class.

VERTICALLY INTEGRATED MANAGEMENT MODEL

Ensuring provision of “soft” and “hard” services are in line with asset strategy

Bulk tendering to ensure accurate specification of scope of required work and optimum price

Ensure compliance with work health and safety and regulatory requirements

Delivering improved environmental outcomes and management of building operations

FACILITIES MANAGEMENT

ASSET MANAGEMENT

Preparation of detailed five-year Asset Management Plan

Overseeing of SWOT Analysis

Involvement in key lease negotiations

Monitors investment performance against Strategic Plan

Manages the co-ownership process

FUND MANAGEMENT

Establishment of client objectives – risk, return, liquidity, horizon

Strategy formulation to meet client objectives

Fund capital management – equity/debt mix

Transactions management – buying/selling strategy

Articulating clear asset management performance objectives

PROPERTY MANAGEMENT

Delivering asset/property income in line with Asset Plan

Managing relationships with key tenants to maximise building occupancy

Minimising rent downtime through active tenancy management

Optimising property operating expenses through use of bulk tendering of contracts

Ensuring compliance with regulatory requirements

Delivering improved environmental outcomes and management of building operations

Identifying opportunities to add significant investment performance through masterplanning, and looking for long-term, sustainable solutions to grow the assets

Management and coordination of specialist consultants and contractors

Delivering environmental outcomes through sustainable solutions and efficient use of natural resources

Creating optimal mix of tenants

Securing quality tenants in line with tenancy mix strategy

Negotiating optimal rent and lease conditions

Minimising vacant space and rent downtime

LEASING DEVELOPMENT




STANDING OUT FROM THE CROWD

TeamworkWe believe that the greatest returns for owners are achieved when retailer sales are maximised. Strong performing retailers lead to strong rental yields and strong investment performance. AMP Capital Shopping Centres has a flat management structure with everyone from the Managing Director to leasing, legal, marketing and finance executives communicating on a regular basis to ensure that all employees have a detailed knowledge and understanding of how the various pieces of the property management jigsaw fit together.

Shared commitmentOur matrix management structure means the asset team is responsible for every facet of asset performance – not just their own division’s objectives. In addition, our asset management, development, leasing, centre management and marketing professionals work together towards the owners’ objectives – maximising investment performance by driving net income.

Long-term planningAMP Capital Shopping Centres is an expert manager across all shopping centre asset classes. The Asset Management team completes a five-year asset plan for every shopping centre in the portfolio, regardless of size or income. This asset plan incorporates:

• Detailed financial objectives

• The investor’s qualitative objectives for the asset

• Plans for how to deal with competitive opportunities and threats

• Future development opportunities

• Additional income generating opportunities

• Long-term retention strategies

• Forecasts of long-term economic indicators (growth rates, CPI).

AMP Capital Shopping Centres’ successful track record is underpinned by comprehensive knowledge of the shopping centre industry and decisions backed by extensive research to ensure sustainable and profitable returns for owners.

Building on local knowledgeUnlike shopping centre managers who adopt a one-size-fits-all approach to the marketing and leasing requirements of their properties, AMP Capital Shopping Centres believes making each centre truly relevant to its local market is the key to ensuring long-term success and investment returns. Each shopping centre has a very different proposition. For this reason, AMP Capital Shopping Centres is taking a place-led approach in creating unique and authentic destinations, customised to suit the local market, and delivering distinct experiences.

While our national office comprises marketing, leasing, finance, development, retail design and operations functions to support and guide centre activity, each shopping centre also has its own in-house team of specialists who are empowered to make decisions that are right for the centre and its stakeholders at the local level. It is this decentralised approach to property management that allows AMP Capital Shopping Centres to successfully manage a broad portfolio of shopping centre assets from Perth to Auckland.

Research-driven developmentAMP Capital Shopping Centres has a dedicated in-house research team. Beyond this, we work closely with recognised industry researchers, to ensure latest market knowledge and assessment is applied to each property under management. When it comes to investment and development strategies, we draw on our in-house resources and those of our parent company to analyse the broader economy and investment markets, as well as leading retail sector indicators such as consumer sentiment. On a centre-specific basis, detailed analysis of demographics, customer segmentation and spending patterns are used to drive marketing, leasing and development opportunities at a local level.

Dynamic retail innovationAMP Capital Shopping Centres has earned a market-leading reputation and numerous industry awards for its strength in employing innovative strategies to extend the life cycle and relevance of its shopping centres. The key is recognising the optimum time to explore redevelopment opportunities to breathe fresh life into an asset. Often this calls for a dynamic and bold approach and AMP Capital Shopping Centres is not afraid to employ new and innovative tactics for the long-term benefit of our clients’ assets.

Industry leverageAMP Capital has board representation on the Property Council of Australia and AMP Capital Shopping Centres is a founding member, with board representation on the Shopping Centre Council of Australia. This enables AMP Capital Shopping Centres’ leadership team and investment professionals to work with their peers in achieving a united industry voice on topical issues relating to legislation and changing trends in shopping centre management.

Successful partnershipsAMP Capital Shopping Centres manages assets on behalf of a number of owners and takes the time to understand each owner’s individual investment needs. AMP Capital has successful joint ventures with AMP Capital Shopping Centres representing both AMP Capital and the joint venture partner.




OUR PORTFOLIO

* Under development^ Gross Lettable Area^^ Moving Annual Turnover

ASSET MANAGED CO-OWNED CENTRES

GLA^ (sqm) MAT ^^

Westfield Liverpool, NSW

Regional 80,165 A$513.0m

Westfield Southland, VIC

Super-regional 129,441 A$837.9m

Westfield Tea Tree, SA Regional 84,991 A$453.6m

Westfield Tea Tree Plus, SA


Westfield Warringah Mall, NSW

Super-regional 94,123 A$617.6m

Stockland Townsville, QLD


Bethlehem Town

Centre

Community 18,318 N/A

QUEENSLAND CLASSIFICATIONGLA^

(sqm) MAT ^^

Pacific Fair Super-regional 150,376 A$468.2m

NEW ZEALAND CLASSIFICATION

GLA^ (sqm) MAT ^^

Botany Town Centre

Regional 58,712 NZ$333.0m

Bayfair Shopping Centre

Regional 34,835 NZ$257.2m

The Palms Regional 35,625 NZ$211.2m

Manukau Supa Centa

Bulky goods 36,350 NZ$126.6m

Merivale Mall Neighbourhood 8,608 NZ$72.5m

Centre City Regional 14,447 NZ$74.0m

Nelson Junction Bulky goods 11,652 N/A

Northwood Supa Centa

Bulky goods 33,292 N/A

WESTERN AUSTRALIA CLASSIFICATION

GLA^ (sqm) MAT ^^

Garden City Perth Regional 72,221 A$719.7m

Karrinyup Shopping Centre


Ocean Keys Shopping Centre

Sub-regional 37,216 A$283.2m

NEW SOUTH WALES CLASSIFICATION

GLA^ (sqm) MAT ^^

Macquarie Centre Super-regional 134,249 $849.8m

Marrickville Metro Shopping Centre


Royal Randwick Shopping Centre

Neighbourhood 14,902 A$100.0m

Northbridge Plaza

Neighbourhood 7,919 A$120.2m

Dapto Mall Sub-regional 21,491 A$166.3m

Casula Mall Sub-regional 20,057 A$201.8m

Crossroads Homemaker Centre

Bulky goods 48,429 A$52.1m

VICTORIA CLASSIFICATIONGLA^

(sqm) MAT ^^

Malvern Central Sub-regional 15,507 A$125.8m

Stud Park Shopping Centre


27 CENTRES158M CUSTOMER VISITATIONS$7.9B IN ANNUAL SALES

Legend City Shopping Centre Asset managed co-owned centres




OUR LEADERSHIP TEAM

We firmly believe that our people are our greatest asset. We focus on learning and development for our team as we strive to ensure our culture provides the right environment to enable our team and business to thrive.

STEVEN THUAUX

Head of Asset ManagementSteven is responsible for facilitating growth in funds and assets under management. Steven commenced with AMP Capital Shopping Centres in 2001 as Retail Business Development Manager at Warringah Mall and in 2003 was appointed Centre Manager. Steven went on to manage Macquarie Centre in 2004 and moved into a Divisional Property Management role later that year. In 2007 Steven was appointed to the role of Head of Shopping Centre Management and has since held roles in Asset Management and as Acting Head of Leasing. Prior to AMP Capital Shopping Centres, Steven managed Nepean Square with Byvan, and prior to working in property had a retail career spanning 16 years.

BELINDA DALY

Head of Shopping Centre MarketingBelinda brings 17 years of experience in the shopping centre industry to her role, leading the team focused on delivering marketing strategies to drive retail sales, traffic and brand leadership. Joining AMP Capital in 2008, Belinda has held a number of roles including a multi-channel marketing role, before her appointment as Head of Shopping Centre Marketing in 2012. Prior to joining AMP Capital, Belinda worked in shopping centre marketing for leading property companies including Lend Lease, Walker Corporation and Stockland where she managed the marketing function across a number of key development projects.

GREG ANTONIADIS

Head of DevelopmentGreg is a senior property executive with more than 26 years’ experience in end-to-end delivery of commercially successful landmarks and international and domestic developments. Greg joined AMP Capital in 2016 and leads the team responsible for the master planning, inception, conversion and delivery of retail developments. Greg has held senior executive roles at Lend Lease in Australia, the UK and Spain, CapitaLand and Places Victoria. Greg has also been a Board Member of the Urban Land Institute and a guest lecturer at the University of Melbourne.

OLIVER STILES

Head of Investment FinanceOliver is responsible for providing financial and analytical support across property and funds management and to our internal and external stakeholders. Oliver joined AMP Capital in 2016 after seven years at Brookfield Asset Management where he held the position of Group Financial Controller. Prior to this, Oliver spent six years at Macquarie in their Infrastructure and Property divisions. Oliver is a qualified Chartered Accountant having worked for PricewaterhouseCoopers in both the UK and Australia.

LISA HURLEY

People and Culture Business PartnerLisa works with the Property leadership team in all aspects of people-related matters, including talent development, diversity, inclusion, organisational design, and performance and reward. Lisa has 10 years’ experience in human resources, sales and business management, and has been with the AMP Group for six years. She has held a number of roles within People and Culture, in Recruitment, Organisational Development, and Business Partnership. Lisa has previously supported the AMP Capital Global Distribution, Infrastructure Debt, Finance and Legal divisions in a business partnering capacity.

MARK KIRKLAND

Managing Director

BE CIVIL (HONS CLASS 1)Mark oversees a team of more than 300 people responsible for the centre management, asset, property and development management, leasing and marketing across the Australian and New Zealand portfolio. Mark brings 26 years of major project experience in the property sector, with 23 years focused on retail.

Before joining AMP Capital in late 2012 as Head of Development for the shopping centre business, Mark worked in both Australia and the UK in a variety of roles encompassing construction, project management and development management functions, including a number of key positions with Lend Lease, GPT and Stockland.

Before joining AMP Capital, Mark was Regional Development Manager for Stockland, with responsibility for a number of major projects such as Merrylands ($400 million) and Shellharbour ($330 million). Mark was appointed to the role of Managing Director in January 2017.

CON BRAKATSELOS

Head of Retail Investment Management and StrategyCon is responsible for the strategic growth of our domestic and global business platforms. Con oversees all acquisition, multi-asset and joint venture opportunities across asset and fund platforms, development pipeline feasibilities and all research activity supporting key investment decisions for growing the Australian and Asian business. Con has more than 25 years of retail experience in both listed and wholesale funds and asset management operations in Australia and Asia.

JUSTIN DAY

Head of LeasingJustin is responsible for leading the retail leasing team, appointed as Head of Leasing in May 2012. Justin has over 25 years’ experience in the retail property industry with key roles across the industry, including delivering leasing outcomes in operational and development environments, general management of centre management teams and leading major centre redevelopments. Justin joined AMP Capital Shopping Centres after 14 years with GPT/Lend Lease in senior leasing, divisional management and development roles.




AMP Capital is supported by one of Asia-Pacific’s largest investment managers which seeks to deliver outstanding investment outcomes to help clients enjoy a prosperous future.

Our team of investment specialists operate across a broad range of asset classes from fixed income and equities to direct investments and mult-manager funds. Our investment philosophy is clear. We believe investment success is about having experienced investment teams actively collaborating to identify and realise investment opportunities. We believe this way of working means clients benefit from deeper investment insights and stronger investment solutions.

The benefit for our clients is a unified depth, breadth and agility that have made us one of the most integrated investment houses in the region. We offer investment opportunities in real estate, infrastructure, fixed income, active equities and multi-asset portfolios. Our size and the strength and diversity of our people gives our clients access to Asian and world markets. That’s why they entrust us to invest and manage over $160 billion* on their behalf.

A distinguished history in investment managementWe have over 70 years of experience managing investments for Australian and international investors. AMP Capital has a strong history of leadership in investment markets from managing one of the largest and longest-running unlisted real estate portfolios dating back to 1971, to being one of the first investors in infrastructure in the 1980s. Thinking ahead of the market has always been an important part of what we do. We were the first Australian company authorised to trade ‘China A’ shares, and one of the first to participate in the launch of a global listed real estate investment trust in Japan.

As part of the AMP Group we share a heritage that spans more than 160 years. The AMP Group was founded in 1849 to insure families against the loss of a primary income earner. Today, the AMP Group continues this tradition of providing financial and wealth management services to one in every six Australians and a host of global clients.

An investment house evolving with our clients’ needsWe’ve built an investment house unified around the evolving needs of our clients. Our investment management team includes some of the finest investment minds. They’re dedicated to investing on behalf of our clients in the best market opportunities available, wherever they may be, and implementing them with strong judgement and discipline.

We take our responsibilities and our clients’ trust seriously. Our investment managers are accountable for returns on the investments they manage, through performance measures and remuneration. In fact, the AMP Capital charter places our clients at the centre of everything we do and each and every employee is measured against this.

OUR SUPPORT

* As at 30 June 2016, refers to total funds under management for AMP Capital.

DisclaimerThis document and the information contained in it (“Document”) has been prepared by AMP Capital Investors Limited (ABN 59 001 777 591, AFSL 232497) (“AMP Capital”) and its associates for providing general information about the investment capabilities referred to in this Document (“Capabilities”) and is qualified in its entirety by any product disclosure statement, information memorandum, private placement memorandum or other relevant documentation. This Document is not intended for distribution or use in any jurisdiction where it would be contrary to applicable laws, regulations or directives and does not constitute a recommendation, offer, solicitation or invitation to invest regarding the Capabilities. Prospective investors should make their own inquiries and consult professional advisers as to applicable laws, regulations and directives (including any requisite governmental or other consents or prescribed formalities) in any particular jurisdiction (including, where this Document is received) and the consequences arising from any failure to comply with them. While every care has been taken in preparing this Document, except as required by law, none of AMP Capital or their associates makes any representation or warranty as to accuracy or completeness, including, without limitation, of any forecasts, or takes any responsibility for any loss or damage suffered as a result. This Document does not purport to be complete, does not necessarily contain all information which a prospective investor would consider material, and has been prepared without taking account of any particular person’s objectives, financial situation or needs. Accordingly, this Document should not form the basis of any investment decision. A person should, before deciding, consider the appropriateness of the Document, and seek professional advice, having regard to the person’s objectives, financial situation and needs. Past performance is not a reliable indicator of future performance and there can be no assurance or guarantee on the part of AMP Capital or its associates that the Capabilities will achieve objectives, target returns or a return of invested capital. This Document may not be reproduced or redistributed (in whole or in part) or otherwise made available to any other person in any format without the express written consent of AMP Capital. This Document, unless otherwise specified, is current at the date of publication and will not be updated or otherwise revised to reflect information that subsequently becomes available, or circumstances existing or changes occurring after that date. By accepting this Document, you agree to be bound by these limitations, terms and conditions.


Contact us

SYDNEY OFFICE50 Bridge Street Sydney NSW 2000

MAILING ADDRESSPO Box R227 Royal Exchange Sydney NSW 1225

TELEPHONE+61 2 9257 1900

FAX+61 2 9257 1951

WEBSITEampcapitalshopping.com.au

inspiring shopping experiences · 2017-12-21 · credentials & capabilities 3 amp capital...

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