The above-average business profile of Australian Prime Property Fund – Retail (APPF Retail) reflects its high-quality assets, strong market position, good-quality tenants, well-spread lease expiry profile and moderate development strategy. Lend Lease Real Estate Investment Ltd.'s (LLREIL) management expertise and resources in the retail property market further strengthen APPF Retail's business profile. APPF Retail enjoys the protection of high barriers to entry in the retail shopping center market, which is a result of the lack of availability of greenfield sites, significant capital requirements, and strict zoning regulations. The fund's shopping centers are well located within well-defined catchment areas. Ongoing redevelopment ensures that assets remain attractive to tenants and consumers. APPF Retail also benefits from significant real estate expertise and research
