Portfolio focus: Providing food security and supporting Indigenous employment in Australia’s service economy.
Our Retail Portfolio
In December 2014, the IBA Board endorsed a new grocery retail investment strategy which focuses on acquiring a portfolio of retail assets with the potential to deliver strong economic returns to investors while providing significant opportunities for Indigenous economic development through supply chain, employment and training outcomes.
A key part of this strategy was the establishment of a subsidiary management capability to ensure that IBA has the skills and expertise required to closely control these businesses. This control is essential to enable the successful operation of these businesses in the challenging environment of commercial retail operations.
||Tennant Food Barn, 48 Paterson Street, Tennant Creek, NT
||The Tennant Food Barn was purchased in 2008 in partnership with Julalikari Council Aboriginal Corporation. Julalikari represents a large number of local Indigenous groups and actively supports the community through a range of activities. As well as providing a sustainable income stream, the Food Barn is a source of employment opportunities for local people, particularly young people.
||Merredin Supa IGA, Perth, WA
||The IGA supermarket was purchased in 2015 and is located in Merredin, a wheat belt town approximately 260km south east of Perth. The IGA Merredin is comprised of the IGA business operations and includes the property, being the IGA building and additional land to the rear of the building. In addition to its strong trading performance it is envisaged that the business will provide sustainable employment opportunities for local people. The business is a cornerstone investment of IBA’s grocery retail investment strategy.
Read about other asset groups within IBA’s investment portfolio including: