071223 WoolworthsWaimak 462 (3)

Investore is an NZX-listed property investment business with a focus on convenience-based retail property

$1.1bnProperty portfolio value
43Number
of properties
99.5%Portfolio
occupancy
5.9 yearsWeighted Average Lease Term

Our
Strategy

Investore’s strategy is to invest in quality, convenience-based retail properties throughout New Zealand and actively manage shareholders' capital to optimise distributions and total returns over the medium to long-term. Our strategy is based on three core principles.

Targeted
Growth

Considered acquisitions and developments which deliver growth, while continuing to enhance tenant and/or geographical portfolio diversification in key metro locations, and where appropriate, consider disposals to maintain balance sheet capacity and optionality, or to recycle capital into properties with stronger growth fundamentals

Continued Portfolio Optimisation

Optimisation of Investore's existing portfolio through collaborating with tenants on improvement projects and refurbishments that enhance customer amenity, support store performance and deliver incremental rental income and asset value, or acquiring sites adjacent to existing properties, to provide development options for the future

Proactive Capital Management

Proactive capital management to maintain a flexible balance sheet for growth, while delivering sustainable returns for investors

Convenience-based retail properties typically have high occupancy, with nationally recognised quality tenant brands

Investore considers that a focus on investing in convenience-based retail property provides a number of benefits:

  • Nationally recognised, ‘everyday needs’ anchor tenants, underpin secure rental income through strong tenant covenant
  • Demand for ‘everyday needs’ anchor tenants’ goods and services tends to be resilient through varying economic conditions
  • Anchor tenants draw customers to sites on a regular basis, and drive visitation for specialty tenants
  • Lower total occupancy costs for tenants compared with other forms of retail in New Zealand
  • High portfolio occupancy with the majority of the portfolio located in key metro locations
  • Large land holdings with relatively low site coverage offers future optionality
  • Supports Investore’s objective of providing a stable and secure return to investors

Investore is managed by Stride Investment Management Limited, part of the NZX-listed Stride Property Group

Board of Directors

Investore Stride Mike Allen

Mike Allen

Chair of the Board

Independent,
Non-Executive Director

Appointed 9 June 2016 / Last Elected 2025

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Mike has considerable governance experience and is currently a Director of Taumata Plantations Limited, Chair of Lendr Limited and an Advisory Committee Member of Milford Share Liquidity Fund No.1 LP. Prior to his governance career, he had an executive career in investment banking and general management experience in New Zealand and the United Kingdom.

Investore Stride Grainne Troute

Gráinne Troute

Chair of the Audit and
Risk Committee

Independent,
Non-Executive Director

Appointed 19 April 2018 / Last Elected 2024

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Gráinne has over 30 years’ experience in listed and unlisted organisations, in highly competitive and customer focused sectors, including McDonald’s New Zealand and SKYCITY Entertainment Group. Gráinne is currently a Director of Tourism Holdings Limited, New Zealand Automobile Association and Summerset Group Holdings Limited, and an Independent Board Member of Duncan Cotterill. Gráinne is also Chair of the Auckland Branch of the Institute of Directors and a National Council Member of the NZX Corporate Governance Institute.

Investore Stride Adrian Walker

Adrian Walker

Independent, Non-Executive Director

Appointed 3 April 2020 | Last elected 2023

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Adrian is a highly experienced commercial property executive with a strong background in property, financial planning and strategic management from over 30 years’ experience in the property sector, including 20 years as the General Manager of Property at Woolworths NZ. Adrian brings to Investore a deep knowledge of the property industry in New Zealand, as well as the supermarket sector.

Investore Stride Ross Buckley

Ross Buckley

SIML Nominee and Non-Executive Director

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Ross had 38 years with global accounting and consulting firm KPMG before retiring in 2020. Ross was Executive Chairman of KPMG in New Zealand and a member of KPMG’s Asia Pacific Board and KPMG’s Global Council for nearly 10 years. During his career with KPMG he managed the firm’s Audit, Risk and Tax practices, in addition to the firms’ People, Performance and Culture function.

Ross is a Director of Stride Property Limited, Stride Investment Management Limited, ASB Bank Limited, and Chair of Service Foods NZ Limited. Ross also chairs the National Board and is an Auckland Council Member of the Institute of Directors of New Zealand. He is a Council Member of Massey University and is Chair of the Auditor Oversight Committee of the Financial Markets Authority and the Chapter Zero NZ Steering Committee.

New Director 600x800 David Green IPL

David Green

SIML Nominee and Non-Executive Director

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David is a professional director, investor and former executive with extensive leadership and governance experience. During a career of more than 30 years in the banking and finance sector he led teams delivering solutions for customers across a wide range of industry sectors in the Asia Pacific Region, most recently as Singapore CEO and Head of South East Asia, India & Middle East for ANZ Banking Group. David is currently Chair of Stride Property Group and BTNZ Funds Management (NZ) Limited, an Independent Director of Westpac New Zealand Limited and Lead Independent Director of EROAD Limited. David has been awarded fellowships by the Chartered Accountants Australia and New Zealand and the Institute of Finance Professionals in New Zealand (INFINZ).