Providing food security and supporting Indigenous employment in Australia’s service economy.
Our Retail Portfolio
The ownership of retail supermarkets in regional and remote areas can generate employment and create better opportunities for Indigenous people living in those parts of Australia.
The retail portfolio also provides a secure supply of quality produce at affordable prices to both the Indigenous and local communities.
- The retail portfolio supported 19 Indigenous jobs (as at 30 June 2012).
- Two active assets valued at $4.8 million (as at 31 October 2012).
- Indigenous ownership of assets: Tennant Food Barn, NT (10%).
For further information about our Retail portfolio, please email (new window) or Freecall 1800 107 107.
|Leonora Supermarket and Hardware,
75 Tower Street, Leonora, NT
|IBA acquired the supermarket in Leonora in September 2007. The township of Leonora, situated 230 kilometres north of Kalgoorlie, supports a population of 1,500 people, approximately 30 per cent of whom are Aboriginal.The Leonora Shire has a population of 4,190 and is the service centre for the mining industry, the exploration industry and the well-established pastoral industry.The supermarket also operates a newsagency and sells a small range of hardware.|
|Tennant Food Barn, 48 Paterson Street, Tennant Creek, NT||In November 2008, IBA and Julalikari Council Aboriginal Corporation acquired the Tennant Food Barn. Julalikari represents 16 Indigenous groups in Tennant Creek and the surrounding Barkly Shire, and actively promotes the local Indigenous community through a wide variety of projects, including arts, tourism, and conservation initiatives.Outback Stores Pty Ltd has been engaged to provide management services to the store.|
Read about other asset groups within IBA’s investment portfolio including: