Our privilege as a real estate owner and manager is the role we play in serving our communities, and delivering for our clients. We seek to play a meaningful role in our communities through our community investment programs and other asset-based initiatives.
QIC Real Estate's Community Investment Program is focused on the flagship theme of physical health and wellbeing. This was chosen as the program’s strategic focus area following extensive evidence-based research that identified it as the most materially relevant need across many of the communities in which our assets are located. The program is based on the idea that by introducing consumers to healthy eating practices and exercise through in-centre activations, we might educate and change behaviours, potentially reducing the likelihood of members of our communities developing longer term chronic illnesses.
This theme also responds to growing consumer trends and preferences in this space by leveraging programs targeted at improving physical activity and diet to amplify customer experience to drive positive commercial results across our asset portfolio. Internal analysis completed in 2021 found that over a 10-year period, income across our portfolio from tenants with a balance towards healthy or health-related offerings has more than doubled.
Additionally, in 2022 QIC partnered with McCrindle Research to measure the influence that QIC Real Estate’s Consumer Megatrends are having on purchasing decisions today, and the implications for the retail landscape into the future. The first deep dive in this series explored the ‘Self-Improvement and Wellbeing’ megatrend. The survey of more than 4,500 shoppers1 confirmed QIC's observations that shopping centres play a vital role in the physical and mental wellbeing of local communities through the products and services they house, and the opportunities for social connection that they provide. The research confirmed that QIC customers are more likely to prefer engaging in self-improvement and wellbeing activities at a QIC centre compared to at home, and this was much stronger than the panel of Australian respondents.
These results reinforce our observations that physical wellbeing is an important priority for QIC shopping centre customers.
To deliver our Community Investment Program, QIC Real Estate entered into a joint partnership with Nutrition Australia and YMCA in early 2022. Nutrition Australia is Australia’s leading nutrition not-for-profit organisation, providing information, education and business-to-business consultation and advisory services to help those who use these services achieve improved health through good nutrition. YMCA is the largest global youth movement with a shared purpose of empowering young people. In Australia, YMCA provides a wide range of programs and services to people of all ages, including activities focused on increasing physical activity.
QIC Real Estate co-designed a bespoke program with Nutrition Australia and YMCA to roll-out across our portfolio which delivers a range of activities designed to empower customers to make healthy lifestyle choices. The program was delivered at the following 16 assets in FY23:
Table 13: QIC Real Estate centres participating in the Wellness Hub program
QPF & QTCF | QACPF | QOF |
Queensland | ||
Grand Central |
Big Top Shopping Centre |
54 Mary Street |
Hyperdome | Forest Lake Shopping Centre | |
Robina Town Centre | Kippa-ring Shopping Centre |
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New South Wales | ||
Castle Towers | Pittwater Place |
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Westpoint |
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Victoria | ||
Eastland | ||
Epping | ||
Merrifield City |
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Watergardens | ||
Werribee |
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Woodgrove |
The program included the below activations2:
Table 14: Results of Wellness Hub program across all assets in FY23
Total number of assets where the program was activated | 16 |
Total number of attendees across all assets | 1,976 |
Total number of body scans across all assets | 523 |
Total Virtual Y signups across all assets | 453 |
A measurement framework for the program, based on a theory of change, has been developed with support from Deloitte to understand its success, identify any opportunities to improve activation design and ensure we continue to drive measurable positive impact aligned with the program’s objectives. Participant surveys revealed an overwhelmingly positive response towards the program, with strong support from customers for centres to continue doing more of these type of wellbeing initiatives in the future. Survey response results have been used to further enhance the rollout of the program for next year.
1 Methodology - QIC centres in-field 28 April 2022 to 16 May 2022; 2,423 completes across 9 QIC centres. Australians in-field 28 April 2022 to 3 May 2022; 2007 nationally representative sample. Source: QIC Real Estate, Knowledge, Insights and Research, October 2023.
2 Note not all centres implemented all of these activations.
QIC Real Estate uses the Business for Societal Impact (B4SI) Framework3 to measure our community contributions. The B4SI Framework is a globally recognised best practice measurement standard that enables companies to understand the difference their contributions make to their business and society. FY23 was the third year QIC Real Estate has used the Business for Societal Impact (B4SI) Framework for our community investment reporting.
In FY23, QIC Real Estate contributed over $1.59 million to its communities, through a mix of cash, time, in-kind contributions, and management-related efforts across the portfolio to deliver community related initiatives.4 This 26% increase from FY22 is due in part to FY23 being the first year our new community investment program was implemented across the asset portfolio, as well as ongoing improvements in our reporting processes.
The majority of our in-kind contributions relate to the spaces we provide at our assets for community groups to undertake fundraising activities. Over the past year we have implemented a process to capture and report the funds raised by these groups which has enabled us to further understand the extent of our community contributions.
Figure 16: QIC Real Estate total community contributions FY21 to FY23
Contributions for the year were spread over a number of different organisations, supporting a variety of community focus areas locally at each asset. Community initiatives included the delivery of activations by Nutrition Australia and YMCA related to our portfolio-wide community investment program, in-centre fundraising activations, donations to local hospitals and schools, food drives, charity gift wrapping services, and gift card donations.
In FY23, the health category continued to be the largest contribution area across the portfolio, increasing to 47% compared to 32% in FY22. This is in line with our objective to grow the proportion of contributions in the health category over time to align with the focus theme of our community investment program - ‘physical health and wellbeing’, which has been identified as the most materially relevant need across many of the communities in which our assets are located.
Figure 17: FY23 B4SI community focus areas5
Figure 18: FY21 B4SI community focus areas6
Figure 19: FY22 B4SI community focus areas7
3 QIC Real Estate is a member of B4SI and pays an annual fee.
4 Community contributions for FY23 have been verified by B4SI.
5 'Other' includes community fundraising, sporting clubs, etc.
6 'Other' includes community fundraising, sporting clubs, etc.
7 'Other' includes community fundraising, sporting clubs, etc.
QIC’s vision for reconciliation is an Australia that embraces equal, fair, and just opportunities for Aboriginal and Torres Strait Islander peoples, and actively supports reconciliation in our political, business, and community structures.
QIC recognises the importance of building a better future for all Australians, which must pay respect to and build trust with Australia's First Nations Peoples. We are committed to partnering with Aboriginal and Torres Strait Islander people, businesses, and communities to co-create meaningful investment outcomes and drive equal opportunities within our procurement, employment, and investment activities.
To support QIC’s Innovate RAP, QIC Real Estate developed an Indigenous Delivery Plan for FY23 outlining the key areas of focus where our property assets and teams can make a real and positive difference towards achieving our broader RAP deliverables. The QIC Real Estate Indigenous Delivery Plan FY23 includes all the focus areas of the QIC Innovate RAP, including community engagement and awareness, investment, procurement, employment, and governance and reporting. It also included annual objectives specific to the real estate asset portfolio.
The plan is updated on an annual basis and acts as an important guide for centre teams in focusing their efforts on genuine initiatives that support reconciliation. Initiatives delivered during FY23 included:
Figure 20: Cheryl Moggs OAM viewing her artwork, Yarning for One, on the digital screen at Grand Central
In recognition of National Reconciliation Week QIC Real Estate commissioned Indigenous artist, Cheryl Moggs OAM, to create an artwork embodying the concept of reconciliation. Entitled Yarning for One, the artwork encourages us all to ‘yarn together to create a new shared songline.
Figure 21: Mural at Canberra Centre by local Wiradjuri artist, Kristie Peters
Figure 22: NAIDOC Week celebrations at Canberra Centre
QIC Real Estate places great importance on the community feeling welcome in our centres and assets. In FY23, QIC Real Estate launched our first Diversity and Inclusion three-year plan, which outlines the ways our property assets and teams can bring QIC's broader diversity, equity and inclusion strategy to life. The plan incorporates activities in relation to the focus areas of gender equity, LGBT+, accessibility, cultural and linguistic diversity (CALD), First Nations People, as well as Young Professionals and Community/Wellness.
Figure 23: Lunar New Year celebrations at Forest Lake Shopping Centre, QLD
QIC Real Estate’s commitment to advocating for gender diversity led to the development of a dedicated Real Estate Gender Plan in 2021, which outlines our gender goals and the corresponding actions we are taking to increase female inclusion and representation across our business. QIC Real Estate is committed to creating a work environment where women feel supported and succeed at all levels. Regardless of seniority, all QIC Real Estate employees are empowered to drive for continuous positive change in the area of gender equality. QIC Real Estate has made strong progress in achieving gender balance, with 52% of our colleagues identifying as female and 48% as male as at 30 June 2023. However, we recognise that there is still more to do. We believe that continued progress in this area will contribute to stronger performance for our business and stronger investment performance for our clients. Further details on Real Estate’s Gender Plan can be found in Our People.
QIC Real Estate is committed to promoting a safe, inclusive and welcoming environment for the LGBT+ community at all of our centres. In FY23 we continued implementation of the Welcome Here Project across our centres nationally, with Welcome Here rainbow stickers displayed at entries to let everyone know that LGBT+ diversity is welcomed and celebrated within our centres.
Our centres also celebrated a number of significant days on the Diversity and Inclusion calendar including International Women’s Day, Wear It Purple Day, IDAHOBIT, NAIDOC Week, National Reconciliation Week, Diwali, Lunar New Year, Ramadan and Eid al-Fitr, Harmony Week and many others.
Figure 24: Ramadan and Eid al-Fitr display at Epping, VIC
Figure 25: Diwali celebrations at Werribee, VIC
Due to an increase in self-harm attempts across Australian shopping centres in recent years, QIC Real Estate created Project Safe-Guard in FY22, a dedicated initiative that uses state-of-the-art camera analytics for early detection alerts of potential incidents of self-harm in our shopping centres, enabling security and first responders to intervene and support people experiencing distress.
The motion alert technology is a first in the shopping centre industry and is being implemented in high-risk areas within our centres to significantly improve our ability to respond swiftly to prevent potential incidents. When an alert is triggered, the image from the alerted camera immediately appears on the screen in front of the security guard in the control room, along with flashing red LED lighting and an alarm, to ensure alerts cannot be missed.
Figure 26: Security Control Room with the alerted camera image thrown to the large smart wall. The caption under the image is identifying the area. The red light running above the smart wall blinks to make it almost impossible to miss an alert.
QIC Real Estate developed a self-harm audit tool with assistance from Lifeline, which is used in conjunction with centre employee knowledge and a review of the last two years of incidents at our centres to identify the high-risk areas for best placement of the motion alert technology within our centres.
Since inception, we have rolled Project Safe-Guard out across eight centres. Its implementation has already prevented a number of incidents across our portfolio. We are consistently enhancing the program, and in FY23 we worked with global camera company, Axis Communications, to improve the ability of the cameras to detect a person when only part of their body is visible. This is a major breakthrough, as previously the camera had to see the full legs of a person in order to be activated. All our Safe-Guard cameras will be updated with this latest firmware by mid-October 2023. During the reporting period, we have also increased the locations at each asset where Project Safe-Guard has been set up to include other potential high-risk areas.
Figure 27: Trip-wire analytic is an immediate alert. This image is taken from a carpark ramp. Notice the arrows are pointing upward. This will only alert the control room if a person or vehicle is moving up to the rooftop and not down.
Axis Communications are our supplier provider for all CCTV cameras and devices used for Safe-Guard and general monitoring. All new cameras being installed as part of future roll outs are now PVC8-free. Indoor cameras launched in 2022 are BFR/CFR9-free with external cameras meeting this same standard by 2024.
QIC’s Deb Palmer was acknowledged for leadership and innovative work in creating Project Safe-Guard, receiving the prestigious Frank Lowy Fellowship in November 2022, and was the winner of global software company, Mileston’s Project of the Year award.
Figure 28: These images are showing that although most of the body is not seen by the camera, it is still identifying the image as a person. The yellow frame indicates that the camera is alerted and is counting down to alert activation, shown by the red bar underneath.
8 PVC is polyvinyl chloride. PVC can emit toxic substances and is harmful to both human health and the environment. It is also difficult to recycle. Axis 2022 Sustainability Report.
9 BFR is brominated flame retardants. CFR is chlorinated flame retardants. Both are hazardous substances that have been eliminated without compromising fire safety.
Understanding the needs, priorities, and interests of our stakeholders is central to everything we do. We undertake comprehensive stakeholder mapping and planning activities to ensure we develop and maintain sustainable relationships throughout the lifecycle of our assets.
Our major stakeholders and how we engage with them are outlined in the table below.
Table 15: QIC Real Estate stakeholders
Stakeholder group | How we engage | Key focus areas |
Customers and local communities |
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Retailers |
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Employees |
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Investors |
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Government |
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Industry groups |
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Media |
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Suppliers |
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Traditional Custodians and First Nations people |
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