SCA Property Group owns a diversified shopping centres portfolio located throughout Australia. As at 31 December 2020, the portfolio comprised 91 assets under management - 87 wholly-owned convenience-based shopping centres and 4 in SURF funds, and was valued at $3,501.6 million. SCA Property Group predominantly focuses on convenience retailing through its ownership and management of a quality portfolio of neighbourhood and sub-regional shopping centres and freestanding retail assets. Over time, this asset class has proven to be resilient due to its exposure principally to non-discretionary retail tenants. Convenience-based assets have a strong weighting to food sales through grocery-based anchors such as supermarkets. SCA Property Group's portfolio benefits from long term leases to both Woolworths Group Ltd and Wesfarmers Ltd, which act as anchor tenants at each property. Wesfarmers Ltd is the owner of Coles and other retail businesses. Woolworths and Coles are Australia's largest retailers by sales revenue and number of stores. Woolworths and Wesfarmers are also major liquor, home improvement and petrol retailers.