KSS April Edition eKourier 2025

FEATURE

MESSAGE FROM SAM

L to R: Property Development Team - Richard Dib (Project Manager), Felicia Yu (Project Coordinator), Sam Kennard (CEO), Michael Micheledt (Property Development Manager), Darren McKeon (Commercial Leasing Manager), Michaela Endicott (Design Manager), Craig Henery (Project Manager).

2025 is already flying by, KSS has some exciting opportunities filling the development pipeline. Recent acquisitions in Canberra and Queanbeyan will see our ACT presence grow. The company now has 19 new centres in the development pipeline. These projects include several in-construc- tion, planning and consent phase and some further on the horizon while we wait for leases to expire or infrastructure and services to arrive.

of new centres, in contrast to acquiring exiting operating centres. It has been a core competency while also reflecting our appetite for greater risk. The strategy also comes with longer lead times and more gradual growth but delivers superior quality outcomes and returns. In addition to our new centre develop- ment program, we have an extensive list of expansions and upgrades. The capital expenditure budget for growth and upgrades is now in excess of $350 million, including those in the longer term.

The exciting growth trajectory has meant we have now increased our capability in the Property Team with the addition of Michaela Endicott (Design Manager), Richard Dib (Project Manager) and a soon to be appointed Project Coordinator. This increases the Property Team from four to seven. We welcome and look forward to their contributions to the growth of the KSS Brand across Australia and New Zealand.

Sam Kennard Chief Executive Officer

Growth in our business has been dominated by ground-up development

3 Kennards Kourier April 2025