Newmark Property REIT

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Newmark Property REIT ('NPR') is a stapled group comprising the Newmark Hardware Trust ('Hardware Trust') and the Newmark Capital (Chadstone) Property Trust ('Chadstone Trust').

NPR was formed on 7 December 2021.

Aiming to deliver consistent and growing income distributions, Newmark Property REIT offers investors access to well-located, high-quality Australian hardware and large-format retail properties leased mainly to Wesfarmers subsidiary, Bunnings.

The portfolio comprises assets held in two established unlisted property trusts:

  • Newmark Hardware Trust
  • Newmark Capital (Chadstone) Property Trust

Security Price

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Period Ended Payment Date Rate (cents/unit) Notice
31 December 2021 11 February 2022 0.68 Payment Notice
31 March 2022 12 May 2022 2.41 Payment Notice
30 June 2022 11 August 2022 2.41 Payment Notice


Geographically diversified, the portfolio offers exposure to properties along Australia's eastern seaboard in strong metropolitan and urban centres with growing populations.



64 – 74 Bell Street, Preston

  • New freestanding Bunnings Warehouse under construction scheduled to complete in 2022.
  • Located 800m south of Northland Shopping Centre (regional) and 9km north-east of Melbourne CBD with prominent main road frontage to Bell Street.
  • Multi-level store with undercroft car parking.
Occupancy, by gross passing income at 30 September 2021 100.0%
WALE, by gross passing income at 30 September 2021 12.0 years
GLA 18,612sqm
Total site area 20,528sqm


675 Warrigal Road, Chadstone

  • Large-format retail centre, Chadstone Homeplus+ Homemaker Centre, that commenced trading in 2011.
  • Anchored by Bunnings Warehouse and eight other tenancies including The Good Guys, Freedom and Barbeques Galore
  • Located under 2kms from Chadstone Shopping Centre (super regional) and 17kms south east of Melbourne CBD with prominent main road exposure to Warrigal Road and immediate access to Monash Freeway.
Occupancy, by gross passing income at 30 September 2021 93.0%
WALE, by gross passing income at 30 September 2021 4.9 years
GLA 19,574 sqm
Total site area 15,176 sqm


Corner Queen Street and Hazel Drive, Warragul

  • Newly completed, large-format retail centre that commenced trading in 2020, comprising a freestanding Bunnings Warehouse and Kmart, and seven other retailers including Adairs, The Reject Shop, MyCar, Repco and Early Settler.
  • Located approximately 100kms south east of Melbourne CBD in a growing urban centre with access to the Princes Highway.
Occupancy, by gross passing income at 30 September 2021 100.0%
WALE, by gross passing income at 30 September 2021 7.8 years
GLA 25,777sqm
Total site area 57,230sqm


Corner Melton Highway and 64 High Street, Melton

  • Freestanding Bunnings Warehouse that completed construction and commenced trading in 2021.
  • Located 42kms west of Melbourne CBD at the junction of a highway (the Western Highway) and a major road (Keilor-Melton Road).
  • Surrounding development includes a proposed large-format retail centre immediately north of the property.
Occupancy, by gross passing income at 30 September 2021 100.0%
WALE, by gross passing income at 30 September 2021 11.9 years
GLA 18,134sqm
Total site area 40,020sqm

New South Wales

Lake Haven

Corner Chelmsford Road and Pacific Highway, Charmhaven

  • Freestanding, new-format Bunnings Warehouse that completed construction and commenced trading in 2019.
  • Located within the immediate proximity of the Lake Haven Centre (sub regional) that serves a wide catchment area.
  • Located on the NSW Central Coast approximately 106kms north of Sydney CBD.
Occupancy, by gross passing income at 30 September 2021 100.0%
WALE, by gross passing income at 30 September 2021 9.7 years
GLA 16,341sqm
Total site area 23,780sqm


140 – 148 Denison Street, Hillsdale

  • Freestanding, new-format Bunnings Warehouse that completed construction and commenced trading in 2017.
  • Serves a large catchment in Sydney's affluent eastern suburbs with major barriers to entry.
  • Located 11kms south of Sydney CBD.
Occupancy, by gross passing income at 30 September 2021 100.0%
WALE, by gross passing income at 30 September 2021 7.7 years
GLA 14,920sqm
Total site area 22,600sqm



70 – 98 Dalton Drive, Maroochydore

  • Freestanding, new-format Bunnings Warehouse that completed construction and commenced trading in 2015.
  • Prominently located approximately 100kms north of Brisbane CBD and adjoining the Maroochydore Homemaker Centre, Sunshine Plaza (super regional) and proposed Maroochydore CBD development.
  • Includes an additional five large-format retail tenancies in a freestanding building.
Occupancy, by gross passing income at 30 September 2021 100.0%
WALE, by gross passing income at 30 September 2021 5.6 years
GLA 17,963sqm
Total site area 32,580sqm



Corner Lindsay and Goderich Streets, North Launceston

  • Freestanding, modern-format Bunnings Warehouse that completed construction and commenced trading in 2014.
  • Located adjacent to the Launceston CBD with prominent main road exposure to the East Tamar Highway.
  • Includes an additional three large-format retail tenancies in a freestanding building, including JB Hi-Fi, Officeworks and Petstock
Occupancy, by gross passing income at 30 September 2021 100.0%
WALEby gross passing income at 30 September 2021 4.2 years
GLA 22,328sqm
Total site area 50,749sqm

Board of Directors

Michael Doble
Chairperson and Independent Non-Executive Director


Michael has over 36 years' experience in the property industry in Australia. He has recently retired from the Board of Think Childcare (Developments) after it was taken over and delisted and sits on the Advisory Board of real estate financier Monark Property. Michael's executive career spans property valuation and funds management, where he held senior roles at Knight Frank, ANZ Funds Management and APN. At APN, Michael managed multi-billion dollar investment portfolios including pure AREIT, hybrid (listed and unlisted) and Asian REIT funds. Michael holds a Graduate Diploma in Applied Finance & Investment, an Associate Diploma in Valuations and a Bachelor of Business.

Melinda Snowden
Independent Non-Executive Director Chairperson of the Audit, Risk and Compliance Committee


Melinda has over 27 years' experience in finance and has been a professional non-executive director since 2010 in a broad range of industries. Melinda is currently a Non- Executive Director and Chair of the Audit and Risk Committee of ASX listed companies WAM Leaders, Sandon Capital Investments, Best & Less Group Holdings and Megaport. Melinda is also currently a Non-Executive Director at Our Ark Mutual and an advisory board member of Yarno, a SaaS compliance and education provider.
Melinda has held previous non-executive director roles at MLC, Vita Group, Mercer Investments (Australia) and Kennards Self Storage. Prior to her non-executive career, she held investment banking roles with Grant Samuel, Merrill Lynch, and Goldman Sachs and was a solicitor in the corporate division of Herbert Smith Freehills. Melinda holds a Bachelor of Economics and a Bachelor of Laws from the University of Sydney and is a graduate member of the Australian Institute of Company Directors.

Andrew Erikson
Independent Non-Executive Director


Andrew is a distinguished property lawyer with over 40 years' experience in real estate development and investment in Australia and around the world, having spent time in Europe, the UK and the US. Most recently a partner at King & Wood Mallesons (retired 31 December 2020), he was highly sought after for his legal expertise and regularly nominated as a top lawyer in the area of real estate by Chambers Asia Pacific and Chambers Global Legal 500 Asia Pacific. Andrew is an adviser to the Board of Springfield City Group Pty Ltd and has previously been a member of the Urban Development Institute of Australia, Property Council of Australia and Law Institute of Victoria.
Andrew holds a Bachelor of Laws (Honours) from The University of Melbourne.

Mark Allan
Non-Executive Director


Mark has over 25 years' experience in investment management, corporate advisory and property having held senior roles at Ernst & Young and Deloitte, where he was Executive Director and Partner, respectively. He has also held the role of Non-Executive Director at property fund manager, Placer Property, where he was also Chairman of the Compliance Committee. He is currently CEO of private investment firm, Galabay, and Non-Executive Director and Responsible Manager of Newmark Capital Limited. Mark is a Chartered Accountant and holds a Master of Taxation from The University of Melbourne and a Bachelor of Business (Accounting) from Monash University.

Chris Langford
Executive Director


Chris is currently Executive Director and Joint Managing Director of Newmark Group, having co-founded the firm with Simon T. Morris in 2011. During his 30-year career across commercial property investment, development and management, he has held executive leadership roles at Lend Lease and Mirvac and has managed his own property consulting business. Chris was a member of the AFL Commission from 1999 to 2016 and has held directorships at RCL Group and Macarthur Cook Limited. Chris holds a Bachelor of Architecture from The University of Melbourne.

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For information about the management, property portfolio and performance of Newmark Property REIT.

 +61 3 9066 3966

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This material has been prepared by Newmark REIT Management Limited (ACN 644 715 382) (AFSL 526 690) (Responsible Entity) as responsible entity of Newmark Property REIT (ASX:NPR), comprising Newmark Hardware Trust (ARSN 161 274 111) and Newmark Capital (Chadstone) Property Trust (ARSN 648 280 219). Stapled Securities in Newmark Property REIT will be issued by the Responsible Entity. This material is for information purposes only, is not personal financial product advice and is not an offer to sell or a solicitation or an offer to subscribe or purchase or a recommendation of any securities referred to herein. The Responsible Entity has not considered the investment objectives, financial circumstances or particular needs of any particular recipient. You should consider your own financial situation, objectives and needs and, if necessary, obtain professional advice in relation to this information. Past performance is not a reliable indicator of future performance. No representation or warranty, express or implied, is made as to the accuracy, completeness or correctness of this webpage or as to the reasonableness of any assumption, contained in this webpage. This material contains indications of, and guidance on, future earnings and financial position (“forward-looking statements”). Due care and attention have been used in the preparation of any forward-looking statements, which involve known and unknown risks, uncertainties and assumptions which are beyond the control of the Responsible Entity and its directors, and are not guarantees of future performance. Actual results may differ materially from the anticipated results and neither the Responsible Entity nor any other person gives any representation, assurance or guarantee (express or implied) that the occurrence of these results will actually occur.

Newmark Capital

Level 17, 644 Chapel Street
South Yarra VIC 3141
Email: [email protected]
Phone: (03) 9820 3344
Fax Number: (03) 9066 3999

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