BWP Trust (ASX:BWP)
BWP Trust (ASX:BWP) is a real estate investment trust investing in and managing commercial properties throughout Australia. The majority of the Trust’s properties are large format retailing properties, in particular, Bunnings Warehouses, leased to Bunnings Group Limited. Bunnings is the leading retailer of home improvement and outdoor living products in Australia and New Zealand, and a major supplier to project builders, commercial trades people, and the housing industry.
BWP Trust is the largest owner of Bunnings Warehouse sites in Australia, with a portfolio of 79 stores. Eight of the properties have adjacent retail showrooms that the Trust owns, and are leased to other retailers. In addition, the Trust owns a fully leased stand-alone showroom property and a leased industrial property.