This NAIDOC Week, we are proud to announce our second Reconciliation Action Plan (RAP) for Frasers Property Industrial in Australia. We started Frasers Property’s RAP journey in Australia in February 2017 and launched our first RAP (Innovate) in June 2018. Actions taken since launching our first RAP in 2018 include Cultural Awareness Training for all staff, Welcome to Country at events and Acknowledgement of Country plaques in our facilities. Our second RAP is now a consolidation piece, to embed these changes, and more, into the fabric of our business. This will be a period of integrating our RAP targets into our business as usual operations, leaning into the culture and sustainability work we are already delivering on. Our six key focus areas, all with actionable deliverables are engagement, education, events, procurement, partnerships and projects. However, our RAP isn’t just about targets, instead, it’s a never-ending journey that we’re on and we’re committed to moving forward.
Engagement: We acknowledge that the most genuine approach to acknowledging Traditional Owners and improving outcomes is through relationships. Implementing an engagement plan will support us to do this.
Education: We’re building knowledge through the implementation of our Cultural Awareness Training Strategy, across all parts of our business, with a particular focus on our project teams.
Events: We will mark and celebrate key events and dates including National Reconciliation Week and NAIDOC Week and throughout the year.
Procurement: We will provide opportunities for financial participation in the property industry, including the development of a procurement strategy.
Partnerships: We will identify partnerships to create shared value with Aboriginal and Torres Strait Islander peoples and businesses.
Projects: We will strive to build meaningful outcomes on our projects with Aboriginal and Torres Strait Islander peoples, so that reconciliation is a legacy left on our projects long after we’re finished.
“I am proud to present Frasers Property’s Innovate Reconciliation Action Plan, which builds on the experience and momentum that we have built with our first RAP, but also acknowledges that there is still work for us to do,” said Reini Otter, CEO. “Frasers Property Industrial exists to ‘Find a Place for the Future’. Our future focused vision is centred on creating long term sustainable assets that create value for our customers, improve the health and well-being of the people that work there and leave a positive legacy in the communities in which we develop. We also aim to be an employer of choice, which means we are the best place to work, and a focus on equality and providing a safe workplace is pertinent to this. Acknowledging our history is an important step in co-designing this Future and we recognise the Traditional Owners of the land on which we build and operate, and respect their cultures, beliefs and relationships with the land.”
Embracing our RAP also ensures that we’re not only seeking input from Traditional Owners of the land, but that we’re collaborating throughout all stages of development. Our RAP also facilitates finding new opportunities to work with and support greater economic empowerment of Aboriginal and Torres Strait Islander peoples through both employment and procurement. We’re proud to celebrate Australia’s Aboriginal and Torres Strait Islander heritage and peoples, and to continue on our journey towards Reconciliation.
Our RAP applies across Frasers Property Australia and Frasers Property Industrial’s operations in Australia.
New development acquired in Lelystad, the Netherlands
We have acquired a development from Amazone Real Estate strategically located in Lelystad, the Netherlands. The development encompasses the construction of a new logistics facility spanning 36,402 sqm with construction set to begin in January.
Frasers Property Industrial reports profit before interest and tax of S$352.5 million (A$392.3 million & EUR 244.3 million) for FY23, with assets under management of S$11.0 billion (A$12.5 billion & EUR 7.6 billion).
See why Décor Corporation chose Frasers Property Industrial’s Rubix Connect in Victoria’s Dandenong South as the perfect home for its new distribution centre and head office, in our latest video featuring Mathew Ward and Andrew Hanna.
Frasers Property Industrial acknowledges the Traditional Custodians of the land which our business operates. We pay our respects to Aboriginal and Torres Strait Islanders Elders’ past, present and future.