Colonial First State Property Management “Empowering Potential”

Colonial First State Property Management’s core strength is in property management. Our history in retail as Gandel Retail Management (GRM) demonstrates our commitment to consistently strong returns, intense management and an engaging and loyal relationship with our people and customers.

Our beliefs are centred around a clear ethos – to work together with all our stakeholders, growing our potential and maximising the opportunities.

We understand that growth doesn’t just happen – it requires hard work, nurturing, innovation and diligence. These qualities are at the heart of the reputation we currently enjoy.

The organisation will build upon success by creating business directions for the future that inspire confidence and empower our potential.

Our Centres

Colonial First State Property Management manages a diverse group of centres ranging from super regional to neighbourhood. It is currently responsible for the management and development of 34 prime shopping centres across Australia, valued in excess of $7.5 billion.

Some of the key centres managed include Australia’s leading shopping centre, Chadstone, as well as Northland, Bayside, the Myer Centre Brisbane and Chatswood Chase in Sydney. Colonial First State Property Management’s proficiency in centre development and strategic acquisition will see the portfolio of centres under management grow and diversify.

Apart from the day to day management of 34 centres around Australia, there are approximately $1.6 billion of development plans in the pipeline over the coming years, which the business is closely focussed on to deliver ongoing benefit to our retail asset fund investors.

Our Size (as at 1 Oct 2008)

• Total Employees (permanent & casual) – 640
• Head Office – 290 approx.
• Centres – 350 approx.