27 October 2022: Core Property Research have announced the awards for the 2022 Listed Property Fund Manager of the Year and 2022 Unlisted Property Fund of the Year.
The awards were announced at Core Property’s Annual Property Funds Industry Forum held in Noosa, Queensland from 23 - 25 October 2022.
Listed Property Fund Manager of the Year 2022 – SCA Property Group (ASX: SCP)
SCA Property Group has been awarded the 2022 Listed Property Fund Manager of the Year. The award recognises SCA Property Group’s track record and commitment to delivering long term value for investors.
Dinesh Pillutla, Managing Director of Core Property Research said:
“SCA Property Group is recognised for delivering on its strategy for investors with a focus on optimising business performance and prudent capital management. The award also recognises the strong management skills and capabilities and SCA Property Group’s ability to execute on its goals through market cycles.”
Commenting on the award, Mark Fleming, Chief Operating Officer of SCA Property Group said:
“We are honoured to receive this award. Next month we will be celebrating the tenth anniversary of our creation. Throughout that period, we have stayed true to our strategy which is to deliver defensive, resilient cashflows to support secure and growing long term distributions to our unitholders by investing in convenience-based retail centres weighted to non-discretionary segments and with long leases to quality anchor tenants. We now own or manage over 100 convenience-based centres across Australia, having acquired 64 centres over the last 10 years. We have recently been included in the ASX100 Index and feel optimistic about our future growth prospects which will come from a combination of comparable NOI growth, acquisitions, developments and funds management.”
Unlisted Property Fund of the Year 2022 – Haben Wollongong Trust, Haben Property Fund
The Haben Wollongong Trust, managed by Haben Property Fund, has been awarded the 2022 Unlisted Property Fund of the Year. The award recognises the strength of the Haben management team and the opportunity for investors to participate in a focussed and targeted strategy to deliver on value.
Dinesh Pillutla, Managing Director of Core Property Research said:
“The Haben Wollongong Trust is recognised for management’s ability to source and deliver a robust strategy, which is structured to capitalise on the property’s unique strengths and opportunities. The Haben Property Fund has also been recognised for its experienced management team with a strong track record of returns for investors.”
Commenting on the award, Ben Finger, Managing Director of Haben Property Fund, said:
“Since Haben’s inception in 2010, we have focussed on our strategy of investing in convenience-based retail assets offering value-add opportunities. Haben has grown to $1.5 billion in assets under management with an average 24.1% IRR for exited funds. As a fully integrated pure play retail property investor, we are thrilled to have received the Unlisted Property Fund Manager of the Year award for a trust which encapsulates the key fundamentals that underpin our value-add investment strategy.”
Core Property Research congratulates the SCA Property Group and Haben Property Fund management teams on their highly deserved awards for 2022.
Top Left: Dinesh Pillutla, Core Property; Ben Finger, Haben Property Fund; Selwyn Chong, Core Property. Top Middle: Selwyn Chong, Core Property; Dinesh Pillutla, Core Property; Mark Fleming, SCA Property Group. Top Right: Ben Finger, Haben Property Fund; Mark Fleming, SCA Property Group. Bottom Left: Selwyn Chong, Core Property; Mark Fleming, SCA Property Group; Dinesh Pillutla, Core Property. Bottom Right: Selwyn Chong, Core Property; Scott Bradley, Haben Property Fund; Antony Keenan, Haben Property Fund; Simon Johnson, Haben Property Fund; Melissa Kingham, Haben Property Fund; Ben Finger, Haben Property Fund; Dinesh Pillutla, Core Property; Layne O'Neill, Haben Property Fund.