Macquarie CountryWide Trust (MCW)

Shares / Stock Code

MCW

Stock Exchange / Sharemarket

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Engaged in investing funds on big groceries and shopping centres worldwide, Macquarie CountryWide Trust (MCW) operates mainly as an investment trust company in Australia, New Zealand and the US and is managed by the Macquarie CountryWide Management under the real estate division of the Macquarie Bank Group. Aside from investing on groceries and shopping centres, MCW also invests on buildings and lands including equipment and integral part for the purpose of generating income from lease and rentals. MCW was listed on the Australian Stock Exchange on the 15th of November 1995. Its annual revenue reaches approximately $189 million. Its headquarters is located in Sydney, Australia and to date; around 10,000 people are employed in the company.

Macquarie CountryWide Trust manages 145 properties in its US portfolio, 77 properties in its portfolio in Australia and 19 in New Zealand totaling to 250 properties in its portfolio where it actively manages the Trust’s equity, developes and manages these properties as well as buys and sells other properties.

The property investments of MCW are financed through a combination of the raised capitals and institutional and debt placements. Moreover, through its Distribution Reinvestment Plan, its investors reinvest half of their yearly income in the shares of the company at a discounted rate. Through this placement, the company is able to raise capital to finance and sustain the company's operating expenses.

Macquarie Countrywide's clients who are currently engaged in retail and food outlets are UPS store, Subway, Rockman, Flight Centre, Bakers Delight, Kroger, Publix, Coles and Woolworths.

Macquarie CountryWide Trust Competitors

The Macquarie CountryWide Trust (MCW) started as a merchant bank named Hill Samuel Australia or HAS which is an owned asset of Hill Samuel and Company located in London. It was established as Macquarie CountryWide Trust in 1969 in Australia where it started its operations in 1970 in Sydney.

In 2001, the company started an unofficial contract with Coles, a supermarket shopping centre located in Western Australia. This strategy was part of putting in investments in supermarket based trading properties that is engaged in food selling. Coles supplies 60% of the rental income.

In 2003, the company purchased a supermarket centre located in Port Hedland, in Western Australia and owns 75% of the three different US shopping centers. This made significance for the company all over Australia and US.

In 2005, a supermarket located in New Zealand and a land property in Australia was again purchased by MCW. To secure purchases of shopping centres in US, they made alliance with Regency Centers also in the same year. The 65% share on the First Washington Investments property collection was settled. In June 2006, from 65% share, the company increased its shares to 75%. The Chief Executive Officer position was appointed to Steven Sewell and the company’s Director position was appointed to Kylie Rampa.