Culture Book

2019

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A huge thank you to everyone on the team for their contribution making Aventus a fantastic place to work. Culture is often difficult to see… it is what our teams are doing when no one is watching, it bonds us together tightly and keeps us achieving great goals. Culture can’t be copied and is our competitive advantage.

Welcome to our 3rd edition of the Culture Book. This book is a unique piece which celebrates the Aventus Way, our teams who work incredibly hard, with passion and most importantly the fun we have along the way!

It’s been another big year and despite having $2 billion worth of property, our number one asset is our people. They are the key to making a difference to our shoppers, retailers, and our investors.

In 2004 I started Aventus with Brett Blundy with a team of one (me) and one centre (Cranbourne, Victoria). Today we proudly have a talented team of 70, 20 centres in 5 states and over 3,000 investors listed on the Australian Stock Exchange.

Our Culture is everything to us. Thank you for bringing ‘the Aventus Way’ to life everyday, and working together as ‘one team’.

Onwards and upward and let’s make 2019 our best year yet.

Darren Holland CEO

WELCOMETO OUR CULTURE BOOK 2019

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Continuous improvement is in our DNA…. we have never arrivedBETTER WAY

FIND A

We respect each other and tell it like it is

BACKGOT YOUR

We have the passion, energy and stamina to make a difference & achieve our goals

We act with urgency and without fuss

THE AVENTUS WAY

$2 Billion in Assets

11km in Shop Fronts

20 Centres across Australia

120 Football Fields of Land

40 Million Visitors Per Year

70 Team Members

$2B 20

$2B 20$2B 20$2B 20

FUN FACTS...

Sandra Francis HEAD OF CULTURE & TALENT

About us2018 has been a big year for Aventus.

We have welcomed new team members to grow our team to 70, who work as ‘one team’, dedicated

to create the best experience for our 40 million shoppers, expand relationships with our retailers and

maintain trust and integrity with our investors. Our team have a passion for Large Format Retail and

whether we work in one of our 20 centres or in our support office, we are all focused on our core purpose;

to inspire people to experience the joy of creating a beautiful home and lifestyle.

At the heart of Aventus is our people and our culture. We pride ourselves on our collaborative spirit,

our energy and always finding a better way. Thank you to everyone who contributed to make this

book a celebration of our year and our culture. Together we make Aventus a great team.

$2B 20We are hands on, proud yet humble, and accountable

We exist to inspire & add value to our customer

FOCUSEDCUSTOMER

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Bruce CarterChairman

Brett BlundyFounder

Robyn StubbsDirector

Kieran Pryke DirectorLeft to right - Brett Blundy, Bruce Carter, Darren Holland, Kieran Pryke & Robyn Stubbs

A lot of companies talk about their commitment to customers. Very few walk the talk with shoppers and retailers like the Aventus team.

Another big year with everyone contributing to successful execution.

This year has been another of great challenge and change. Internalisation has dominated the work of many while all the time the focus remaining of all on continuing to deliver on the business. Our capital program, remixing of our tenants, negotiating our debt structure are all some of the major achievements of a very busy year. A great year doesn’t happen without a great team. I look forward to operating in our new structure and delivering value to all of our stakeholders.

It’s been another strong year in the history of Aventus. I am proud to be part of Aventus with a team that has a winning culture and a ‘can do’ attitude. A culture of a company is continually reflected by its people and is the driving force for our continued success. At the heart of Aventus is our customer, the shopper. Our shopper is the “real boss” and we exist to satisfy them and their expectations. Aventus is in the home improvement business and Australians are house proud and our job is to create spaces that inspire our customers. The team have much to be proud of, from the way you transform your centres as you have in Tuggerah to your tenancy selection criteria to create the best centres with the customer in mind. When I look at the culture commitments, I know that the Aventus way is lived each and every day in everything we do, and the shopper is at the core of your commitment and purpose. The customer is front and centre so we should be loud and proud of this and add customer to the culture commitments. To each of the team that is on the journey with Aventus, I hope this edition of the Aventus Culture book reminds you of the importance of our culture and the part you play in defining the culture each and every day. Thank you.

OUR BOARDA WORD FROM

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Brett Blundy and Darren Holland established BBRC Asset Management

Acquired Cranbourne Home

Expanded Cranbourne Home

Acquired vacant land at Warners Bay Home and vacant land at Highlands Hub

Acquired Castle Hill Super Centre and Marsden Park Home for $436ml the largest LFR transaction in Australia to date

Our team expands to 65 including a larger leasing and development team

Acquired Kotara Home South

Developed Highlands Hub our first greenfield site

Developed Warners Bay Home

2012 BBRC Funds Management established

Acquired Peninsula Home

Acquired Caringbah Home for $50ml

Developed Kotara Home North BBRC Funds

Management raised over $150ml across the property syndicates

Acquired Jindalee Home, Jindalee Village and Belrose Super Centre

Acquired Ballarat Home, adjoining properties at Caringbah Home and Ballarat Home

Expanded Mile End Home, Jindalee Home and Sunshine Coast Home

BBRC Asset Management and Funds Management rebranded to BBRC Property, Bruce Carter appointed Chairman

BBRC rebranded to Aventus IPO of AVN - 14 centres valued at $905ml

Aventus Property expands to a team of 45 property professionals

Acquired Belrose Gateway. Tuggerah Super Centre, Sunshine Coast Home, Epping Hub and adjoining properties at Cranbourne Home and Mile End Home

Acquired Bankstown Home, Logan Super Centre, Shepparton Home, Macgregor Home, Mcgraths Hill Home and adjoining land at Tuggerah Super Centre

Peninsula Home and Tuggerah Super Centre expanded and repositioned

AVN valued at >$1.25bl, ASX 300 and new home for Aventus support office in Sydney

Aventus acquires a $219ml portfolio of 5 centres

Acquired Tweed Hub and Vacant land at Kotara Home North

Acquired Mile End Home and Midland Home for a total of $85ml

Portfolio valued at $500ml

Acquired adjoining site at Cranbourne Home

Jindalee Home and Mile End Home rebranded and repositioned

Redevelopment of Sunshine Coast Home completed

Internalisation of Aventus Property Group to create “Aventus Group”

Our team grows to 70 with a focus on our shopper experience

We proudly open the $17ml expansion of level one of Tuggerah Super Centre

OUR JOURNEY

Brett Blundy and Darren Holland established BBRC Asset Management

Acquired Cranbourne Home

Expanded Cranbourne Home

Acquired vacant land at Warners Bay Home and vacant land at Highlands Hub

Acquired Castle Hill Super Centre and Marsden Park Home for $436ml the largest LFR transaction in Australia to date

Our team expands to 65 including a larger leasing and development team

Acquired Kotara Home South

Developed Highlands Hub our first greenfield site

Developed Warners Bay Home

2012 BBRC Funds Management established

Acquired Peninsula Home

Acquired Caringbah Home for $50ml

Developed Kotara Home North BBRC Funds

Management raised over $150ml across the property syndicates

Acquired Jindalee Home, Jindalee Village and Belrose Super Centre

Acquired Ballarat Home, adjoining properties at Caringbah Home and Ballarat Home

Expanded Mile End Home, Jindalee Home and Sunshine Coast Home

BBRC Asset Management and Funds Management rebranded to BBRC Property, Bruce Carter appointed Chairman

BBRC rebranded to Aventus IPO of AVN - 14 centres valued at $905ml

Aventus Property expands to a team of 45 property professionals

Acquired Belrose Gateway. Tuggerah Super Centre, Sunshine Coast Home, Epping Hub and adjoining properties at Cranbourne Home and Mile End Home

Acquired Bankstown Home, Logan Super Centre, Shepparton Home, Macgregor Home, Mcgraths Hill Home and adjoining land at Tuggerah Super Centre

Peninsula Home and Tuggerah Super Centre expanded and repositioned

AVN valued at >$1.25bl, ASX 300 and new home for Aventus support office in Sydney

Aventus acquires a $219ml portfolio of 5 centres

Acquired Tweed Hub and Vacant land at Kotara Home North

Acquired Mile End Home and Midland Home for a total of $85ml

Portfolio valued at $500ml

Acquired adjoining site at Cranbourne Home

Jindalee Home and Mile End Home rebranded and repositioned

Redevelopment of Sunshine Coast Home completed

Internalisation of Aventus Property Group to create “Aventus Group”

Our team grows to 70 with a focus on our shopper experience

We proudly open the $17ml expansion of level one of Tuggerah Super Centre

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ONE TEAMWorking together to deliver the best outcome as a team for

each department.a) Tenancy work in process meeting – Working together as a team to reduce the number of meetings/duplication of

meetings with each team.

b) Lean process – Held recently where each department have come together to resolve a long frustrating process to achieved an outcome where everyone is happy and agreeable with the work

flow.

FAVOURITE AVENTUS WAY

“Do it now” – We act with urgency

and without fuss which ties in well with our Team

and what we do.

OUR CULTURE“The team here at Aventus believe we live and breathe the culture which makes it a great place to be. Everyone fits in well and we all work well together with the “got your back” attitude no matter which department you’re in.”

Laconic Leasing

WHAT’S IN A NAME?

Laconic = Concise and to the point.

Being in a team that focuses on attracting

the best retailers in Australia,

we need to be concise and

clear with our

tenants.

OUR TEAM

HANNAHLEE

REYMONDCORCEGA

JAMIEREYNOLDS

TIRATHWEERASEKERA

LINDSAYLIM-BOQUIRON

YUNLYCHEUNG

MARCUSPATTY

DIANA MO

PROMOTIONSCELEBRATING OUR TEAM MEMBERS WELL EARNED

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ONE TEAMConsistency across portfolio is

an example of one teamGot your back, working together and taking responsibility for the Centres. Even though we have

different sites and different roles we are all working towards the same core purpose and goals. Sense of inclusiveness and consistent

communication makes you feel like you are one team.

FAVOURITE AVENTUS WAY

“Find a better way” – We strive to keep improving

what we do and how we do it.

OUR CULTURE“Our core values are not aspirational, it is what we do and how we act when no one is watching”.

Hunter Gatherers

WHAT’S IN A NAME?

We were originally known as Hunter Hounds

until Tuggerah joined the team so we

updated our name to Hunter

Gatherers to reflect

gathering Tuggerah.

OUR TEAM

FAVOURITE AVENTUS WAY

“Do it now” – because we want change, upgrades, fantastic food, amazing

customer experience and to ensure Castle Hill is the flagship Centre for

Aventus.

ONE TEAMWe are one team working

together as a Centre and if one part of the team limps a bit the whole team does.

OUR CULTUREAgile, fast moving, supportive and collaborative andinterested in us.

Fantastic Four

WHAT’S IN A NAME?

In Fantastic Four, the team must learn to

harness their superhuman abilities

gained from an alternate

universe to save Earth.

OUR TEAM

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2017Was promoted to a role in Special Projects. This was a role to build on my lateral thinking and to move away from processing to a more analytical role as a Property Accountant. This involved implementing project job costing, automating payment receipting and transitioning our banking platform.

2018Was promoted to Assistant Property Accountant and was responsible for the financials of 6 properties in the Central Coast and Hunter regions. The ‘Hunter Gatherers’ became my extended team.

2016Having graduated from the University of Sydney, I was offered 2 roles. I chose Aventus as I knew it was a company on the move, having recently listed on the ASX and completed a 5 centre portfolio acquisition. I joined the Sydney Support Office as an Accounts Assistant, handling payments across the portfolio and the Finance side of Lease Administration.

Tirath Weerasekera

For me, continuous improvement is extremely important, may it be in my career or personal life. It feels great to work for a company that shares this mindset and is always looking to grow and find a better way.

Challenges:“Balancing multiple tasks while dealing with tight deadlines is part and parcel of life at Aventus. Having a great team to support you makes the job much easier and more rewarding.”

2018Was promoted to Property Accountant with a focus on forecasting. This required me to work closely with the Leasing and Development teams to provide real time information for senior management on where the portfolio was heading. I am currently responsible for handling forecasting duties for 12 properties.

CAREER JOURNEYSOME OF OUR TEAM SHARE THEIR

ONE TEAMWorking collaboratively to achieve a common goal. For example, posting journals is like adding different pieces

to a puzzle to get to the finished product – the FFO.

OUR CULTURE“Caring and having

each other’s backs.”

FAVOURITE AVENTUS WAY“Focused” – we are extremely focused in what we do. Numbers are binary in that they are either right or wrong, so we work with extreme precision and accuracy.

Furious Finance

WHAT’S IN A NAME?

Furious Finance –

Because we are furiously in

love with finance.

OUR TEAM

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Challenges:“Keeping the portfolio moving forward, and continuing to deliver improvements in our metrics while undertaking the recruiting process to fill roles. It’s an extra ball to juggle, and a skill to be able to take it in step and keep things moving forward.”

Oliver Misso

2014Was promoted to a Centre Manager for Tweed Hub which gave me experience in running a Centre.

2016Aventus acquired Epping Hub and I moved to Melbourne to step into the Centre Manager role for Epping Hub, Shepparton Home & Ballarat Home.

2017I became Centre Manager for all of our centres in Victoria; Epping, Cranbourne, Peninsula and Ballarat managing a team of four.

2013While finishing my studiesin Property Development I was working at Freedom Jindalee Home when Aventus purchased the Centre. As part of my university course I did an internship with Aventus atJindalee which quickly turned into a full time Property Assistant role.

Personally, there’s nothing more important to me than integrity and openness.Working for a companythat values the same isimportant to me.

ONE TEAMOne Team means that

we all share the triumphs (and the losses), and work towards our goals together.

FAVOURITEAVENTUS WAY

“Do it Now”. Passivity does not result in progress, and the only way you will

truly be in a better place at this time next year, is if you start now!!!

OUR CULTURE“Intense, energizing and infectious.”

Team VictoriousWHAT’S IN A NAME?

Because it is a fun play on Victoria,

as well as reflecting the winning

spirit that we strive for.

OUR TEAM

CAREER JOURNEYSOME OF OUR TEAM SHARE THEIR

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Challenges:“Being a young female dealing with contractors, however I always knew the team had my back.”

Kate Corrigan

What I value most:is always feeling like I canbe authentic and have a frank conversation and I can see what value I can add.

2009Started at Aventus as a 12 month Property Assistant maternity leave position based in Sydney for Tweed, Cranbourne and Highlands, then converted to permanent.In the first 6 weeksI also did a 6 weeksecondment to Kotaraas a Property Assistant.

2015Moved back to Sydneyto take up Developmentand AcquisitionsManager role – 50%working to transitionnew properties and50% in Development.

2013Was promoted to Centre ManagerCranbourne andPeninsula and movedto Melbourne. Initiallyfor an 18 month period,the role expanded toinclude Ballarat andwas a 3 year periodin total.

2016Moved 100% to DevelopmentManager as weexpanded andgrew our portfolio.

2018Moved to Melbournefor personal reasonsand continued in myDevelopment rolefrom Melbourne.

ONE TEAM#oneteam –

it means Aventus as a whole, we do not work in silos and support all business units within

Aventus.FAVOURITE

AVENTUS WAY“Find a better way” – as we

are constantly learning from past projects and

looking to improve.

OUR CULTURE“Inclusive, motivational and got your back.”

Double Digit Development

WHAT’S IN A NAME?

Named by CFO Lawrence as we

consistently aim for double

digit developmentreturns.

OUR TEAM

CAREER JOURNEYSOME OF OUR TEAM SHARE THEIR

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FAVOURITEAVENTUS WAY

“Got your back” – We work at such a fast pace and everyone has their own

priorities but no one should feel they can’t ask for help if they have an issue or have

made a mistake. ONE TEAMNew deals to billing process –

Arm doors and cross check before take off.

OUR CULTURE“The culture empowers us to reach for the stars.”

Law & OrderWHAT’S IN A NAME?

We chose ‘Law & Order’ because if there

wasn’t a bit of law and order the whole

place would fall apart.

OUR TEAM

ONE TEAMThe more we strive to

collaborate, the closer we get to our goals – we all have each others back. Share the

big picture and share the load. Share each persons knowledge

and expertise.FAVOURITE

AVENTUS WAY“Do it Now” of course! We are the Hurricane Square after all! Action

orientated with a sense of urgency.

OUR CULTURE“Fast, fun, high performance, agile and no silos – everyone has a voice!”

Hurricane Squad

WHAT’S IN A NAME?

We did a pun on Darren’s nickname

‘The Hurricane’ for his speed and

always looking for improvements.

OUR TEAM

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Challenges:“Working at a fast pace whilst ensuring the metrics are 100% accurate.”

Taylor Yankos

What I value most is that each individuals voice is always heard and you feel like you play a part in the success of the business.

2017Was promoted to Assistant Centre Manager, now known as Retail Manager for the Coast to Coast portfolio

2018Moved to Support Office to do a 12 month secondment as Portfolio Projects Manager working on the half yearly results and the portfolio metrics and have gained insights into the broader business and how we all connect with each team.

2016After completing my Property Economics degree, I had 12 months in leasing at a real estate company before joining Aventus as a Property Assistant in Caringbah looking after the Coast to Coast portfolio.

ONE TEAMWe think of our team as being similar to a high performance F1 pit crew... So while we’re

focusing on our specialist areas, together as a whole we are delivering a fast, adaptable, vehicle that will drive us to the

finish line.

FAVOURITE AVENTUS WAY

“Hungry” – we believe in the power of passion, energy and stamina over the long term to

really make a difference for our retailers and customers.

The AcceleratorsWHAT’S IN A NAME?

We are the Accelerators, because as a

small team of specialists we act with

urgency and help deliver special projects

to accelerate the growth and

improvement of our 20 centres.

OUR TEAM

CAREER JOURNEYSOME OF OUR TEAM SHARE THEIR

OUR CULTUREHigh performance, agile, one-team, rewarding, low ego, constant learning.

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OUR CULTURE“We find the Aventus culture

extremely supportive and inclusive.

A personal addition from me since I’m a new starter: Everyone’s been extremely nice and helpful which has

made me feel very welcome and helped the induction

process.”

ONE TEAMOne Team for us is working together towards the same goals and have a

good understanding of what team members are involved in.

Coast to Coast

WHAT’S IN A NAME?

Based on location of our centres –

East to West Coast.

OUR TEAM

OUR CULTURE“The Aventus Culture is about

belonging to a collective of ideas, customs and social

behaviours within a company that wants everyone to grow, achieve and strengthen as a team as well as individually.” FAVOURITE

AVENTUS WAY“Do It Now” – Striving always

forward to achieve results without fuss and quickly

moving onto the next task.

ONE TEAM“We fill the gaps, plug the holes. We move forward together and no one gets left behind!”

Mighty Maroons

WHAT’S IN A NAME?

North of the border is where we are found.

Built tough with strength to pound.

We’re focused, we’re proactive, we get

the job done, whilst making sure the

centres are places for fun.

OUR TEAM

FAVOURITE AVENTUS WAYWe “Do it now” because we’ve “Got your back” – we believe in team work and aim to deliver for the team so if the team member has a road block, we get their back and do it together.

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“Our team cometogether for

sharing information,learning and

fun”.

TEAMFORUM

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CREATING MEMORIES WITH OUR COMMUNITY

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“We are alwaystransforming ourcentres to inspire our shoppers”.

“Working togetherand hands on in our centres”.

“A day to say thanks to our families”.

ENJOYING OURFAMILY DAY

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“Some lighter moments with our teams”.

TEAMEVENTS

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Continuous learning and

improvement is in our DNA!

FINDING ABETTER WAY

Corporate Style Guide

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Copyright © 2015 Palette Group Pty, Ltd,.

WE CONNECT - YOU PLAY

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Awww, new family members!Congratulations to Rebecca P on your

new pug Maximus & 4 chickens for Glecy.

Hard work pays off.Well done Yunly & Lindsay on completing your studies.

The Aussie dream Congrats Glecy, Nick B, Daisy & Lindsay on your recent house purchases!

Exciting news...Abbe & Hannah are engaged!

3 Weddings to rave aboutCongratulations to Kate,

Alvin & Matt.

Welcome to the world Gracie, Charlotte, Myla,

Issac, Holland, Oscar & Lila.

Congratulations Scott, Daisy, Mahen, Jenny, Andrew, Cassie & Jess on

the birth of your babies.

Taylor is an Aunt!

LIFE EVENTSCONGRATULATIONS!

School leavers.Mary’s and Julie’s

daughters & Glecy’s son have finished

High School.

OUR

retailers

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9/26/2018Brett Blundy backs Aventus growth after $143m deal

https://www.theaustralian.com.au/business/property/brett-blundy-backs-aventus-growth-after-143m-deal/news-story/e2df72fe62712210bbc62bb1… 1/2

THE AUSTRALIAN

Brett Blundy backs Aventus growth after $143m

deal

Retail billionaire Brett Blundy will back the expansion of the listed Aventus Retail

Property Fund after investors yesterday approved the $143 million purchase of the trust’s

management company despite a substantial protest vote.

The internalisation deal — which delivered Mr Blundy about $96.5m for his stake in the

management platform, with Aventus chief executive Darren Holland picking up about

$46.6m for his interest — drew a 28 per cent protest vote as it was opposed by a group of

Melbourne-based investors.

The proposal to internalise management was labelled as “overpriced” by broker CLSA as

it delivered a lift of just 1.1 per cent in funds from operations this year, and it warned that

the trust would have to cut its gearing.

There were no questions at a Sydney meeting on the transaction, on which about 53 per

cent of the register voted, with Mr Blundy, who held 29 per cent, unable to vote and not

attending.

Independent expert Deloitte said the deal was “fair and reasonable” and it was backed by

four proxy houses.

Support from passive funds helped it get up, despite the opposition to the price paid from

some active managers.

Aventus independent chairman Bruce Carter said the deal would allow the group to

become master of its own destiny and said the move had been made as Aventus had

grown faster than expected. In only three years it has bought two major portfolios — one

from private equity group Blackstone and another from LaSalle Investment Management.

By BEN WILMOT, COMMERCIAL PROPERTY REPORTER

12:00AM SEPTEMBER 26, 2018 • H NO COMMENTS10/30/2018

Aventus: big box A-REIT adventure stable in times of stress

https://www.theaustralian.com.au/business/wealth/aventus-big-box-areit-adventure-stable-in-times-of-stress/news-story/1abf57c8b52765430eb84… 1/2

THE AUSTRALIANAventus: big box A-REIT adventure stable in

times of stress

Aventus GroupASX code: AVN

Share price: $2.05Estimated dividend: 18.2c paid quarterlyEstimated dividend yield: 8 per cent unfrankedAventus is a retail REIT listed in 2015 by its founders including Brett Blundy — a noted

retail entrepreneur whose credits include Sanity, Bras-N-Things and more recently the

very successful Lovisa brand (41 per cent owner) and Aventus (24 per cent-owned).

Aventus has been created as a property investor in big-box retail premises, an area of the

market where Gerry Harvey of Harvey Norman is the biggest landlord. It will operate in

a property sub-sector that has been under-represented in the portfolios of the larger listed

and unlisted property investors. The attraction of the sector is that there is less

competition from online retail alternatives, suburban bulky goods retailing centres are

cheaper to build, zoning is more flexible, and rents and property costs are

commensurately lower per square metre.Aventus has capitalised on these features to enhance rental yields through upgrading the

tenant mix and amenity of these car-convenient locations. The result has been an increase

in earnings, which has allowed the manager to raise additional capital and purchase

additional properties. Aventus is now the largest owner of bulky goods centres in Sydney

and significant across the nation, with a strong hold on customer catchments.

By SCOTT MADDOCK11:00PM OCTOBER 29, 2018 • H NO COMMENTS

PRESSIN THE

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We opened our GYG drive through restaurant at the Aventus Centre at Cranbourne with a very successful 4,697 strong Free Burrito Day and

since then the restaurant has performed strongly.The Aventus team delivered our impressive looking new restaurant on time with very positive feedback from the GYG construction team, you had our back.Culture is important at GYG and I can see that Aventus have a high performance culture with a focus on urgency, ownership and customer obsession. I saw this first hand when the Centre Manager Oliver Misso dealt with some visibility issues within 24 hours of me raising them. GYG looks forward to growing our businesses together in the coming few years as we reinvent fast food.

Guzman Y GomezCEO – Mark Hawthorne

Earlier this year I was approached by Aventus to share some learnings from our business within their Re-Tale Therapy Magazine. When the

question was asked as to what I am most proud of when it comes to Beacon Lighting, it had to be without a doubt the culture and the team values. From our small family beginnings, we still embody these values, despite now operating over 100 stores and employing over 1,000 people. Culture plays a huge role in our day-to-day business operations. It underpins our values and is reflected in the service standards that are delivered in stores and across the business. We firmly believe in empowerment of our team members and getting people with the right attitude into the business. These values are what we have in common and what we appreciate from the whole Aventus Team.

Beacon LightingCEO – Glen Robinson

A FINAL WORD

aventusgroup.com.au

“To inspire people to experiencethe joy of creating a

beautiful home and lifestyle”