The Large Format Retail (LFR) property sector is a substantial component of the retail property sector and accounts for approximately 30% of total occupied retail floor space in Australia.
LFR centres are traditionally retail properties where a number of retailers have showrooms for the sale of a range of furnishings, electrical, bedding, hardware and other household goods. The centres were commonly referred to as “bulky goods” or “homemaker” centres to reflect their more traditional retailer types. LFT centre retailers often sell items of a bulky nature that require a large area for handling, display or storage. However, the Large Format Retail sector has evolved to a broader offering and can include fitness centres, baby supplies, pet supplies, auto supplies, office supplies, leisure and sports equipment, medical services, big box pharmacies, supermarkets, cafes and restaurants.
The Aventus Large Format Retail Property portfolio consists of 20 centres across Australia.
$1.8bnTotal AUD value of assets
as at 3 July 2017