Haben

What Haben does

Haben is a privately-held, fully integrated retail property investor and fund manager founded in 2009 by Harold and Ben Finger in Sydney, Australia. The company's core product is the Haben Property Fund — a wholesale managed investment vehicle that invests in and manages Australian shopping centres on behalf of wholesale, sophisticated, and institutional investors, employing over 130 property professionals across investment, asset management, leasing, ESG, development, marketing, and risk. Haben manages approximately A$3 billion in assets across 13 shopping centres on Australia's east coast (NSW, VIC, QLD), spanning neighbourhood convenience centres to major regional destinations such as Westpoint Shopping Centre (Blacktown), Wollongong Central, Forest Hill Chase, and Townsville Shopping Centre.

The company's technology stack is conventional for a real estate fund manager: portfolio information, leasing enquiries, and investor communications are delivered through a corporate website, dedicated Investor Services team, and BoardRoom Pty Limited as registry provider. Haben has no public APIs, SDKs, or proprietary AI/ML systems disclosed. Differentiated technical capability sits in the integrated operating platform and disciplined asset management processes rather than in software productisation.

Haben's revenue is generated primarily through recurring fund management, asset management, and property management fees on A$3B of AUM, supplemented by transactional leasing commissions, development management fees on value-add capex programmes, and commercial partnership income (media, pop-ups, vending, alternative income streams). Investment offerings are distributed exclusively to wholesale and sophisticated investors through direct relationship management; distribution is supported by a newly appointed Head of Distribution targeting family offices and institutional capital domestically and abroad. Anchor tenants across the portfolio — Woolworths, Coles, ALDI, Kmart, Big W, Target, Myer, David Jones, HOYTS — provide stable rent rolls, and the company reports 100% portfolio occupancy as at December 2025 with FY24 average distributions of 7% to investors.

Name

Haben

Legal name

Haben Property Fund Ltd ABN 89 139 914 775 and Haben Management Pty Ltd as trustee for The Haben Retail Management Unit Trust ABN 91 873 552 898

Website

https://haben.com.au

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

51–100 employees

Short description

Haben is an Australian privately-held retail property fund manager and investor founded in 2009 by Harold and Ben Finger, managing approximately A$3 billion across 13 shopping centres on Australia's east coast for wholesale, private wealth, and institutional investors under AFSL 342515.

Ownership category

akta.pro rank

Product category

Retail Real Estate Investment Management

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Retail Real Estate Asset Management (BPAJAMAF)

Keywords

• Retail property fund management
• Shopping centre asset management
• Commercial real estate leasing
• Retail property investment
• Property fund management

Headquarters

HQ city

Edgecliff

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Fund Management Fees: Haben generates revenue through managing retail property investments on behalf of wholesale and institutional investors. The fund manager earns fees for investment management, asset management, and property management services across their portfolio of shopping centres.
2. Property Operations and Leasing: Revenue is generated through leasing retail spaces to tenants including major supermarkets, discount department stores, specialty retailers, and service providers. The company manages the entire leasing process including retail design management, tenancy coordination, and marketing support.
3. Development and Value-Add Returns: Haben creates value through disciplined acquisitions, hands-on asset management, strategic refurbishments, and mixed-use development approvals. Their development arm generates returns through enhanced property values and increased rental income from redeveloped assets.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Haben is a fully-integrated pure-play retail property investor and manager that acquires, owns, and actively manages a portfolio of shopping centres across Australia's east coast on behalf of wholesale, institutional, and private wealth investors. The core product is the Haben Property Fund, a wholesale managed investment vehicle that delivers resilient income and long-term capital value through direct property ownership, integrated asset management, leasing, and development-led value creation across 13 shopping centres with approximately A$3 billion in assets under management.

Product overview

Haben is a fully-integrated pure-play retail investor and manager offering a unified investment management platform for wholesale investors. The core product is the Haben Property Fund, which provides access to a portfolio of 13 shopping centre assets across Australia's east coast. The platform combines investment management with in-house capabilities spanning asset management, leasing, commercial partnerships, development, and sustainability. The managed assets range from neighbourhood centres to major regional shopping destinations, including Westpoint Shopping Centre (Australia's largest 100% interest retail transaction), Wollongong Central, Forest Hill Chase, Townsville Shopping Centre, Casey Central, and others. The integrated model enables Haben to manage the full investment lifecycle from acquisition through to leasing, operations, and marketing.

Differentiator

Problem solved

Functional benefit

Products and services

• Haben Property Fund Wholesale managed investment fund that invests in and manages retail property assets across Australia, delivering resilient income and long-term capital value to qualified wholesale, institutional and private wealth investors under AFSL 342515.
• Retail Asset Management In-house asset management services spanning investment, leasing, sustainability, marketing, operations and risk management for the Haben shopping centre portfolio.
• Shopping Centre Leasing

Quantifiable outcome

• Average FY24 distributions of 7% exceeded benchmark performance
• +2 more outcomes

Named customers11 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered supporting, core and minor.

• CartologysupportingGTM or Marketing Partner · 1 June 2025Cartology, part of Woolworths Group, extended its multi-year partnership for Small and Large format Retail Out of Home (ROOH) representation at Westpoint Shopping Centre. Cartology manages over 50 screens at one of Western Sydney's biggest shopping centres, attracting over 18 million visits annually.
• Nunawading Basketball AssociationsupportingStrategic or Co-development Partner · 1 March 2025Haben partnered with Nunawading Basketball Association and Basketball Victoria to create a competition-grade, three-court basketball stadium at Forest Hill Chase shopping centre. The facility, scheduled to open in mid-2026, will serve as a hub for basketball training, tournaments, and community engagement.
• BoardRoom Pty LimitedcoreOthersBoardRoom serves as Haben's registry provider for fund administration, handling investor services and enquiries regarding investment administration. Investors contact BoardRoom at [email protected] for administration matters.
• Scouts NSWminorOthersCOO Antony Keenan previously served as Non-Executive Director on the Board of Scouts NSW, bringing property expertise to assist with their portfolio of over 600 assets.

Scale indicators12 records

Recent moves12 records

Expansion highlights6 records

Broad incumbents

• GPT Group: GPT Group is a major diversified Australian property group with a meaningful retail shopping centre portfolio. Haben acquired Wollongong Central from GPT in 2021, and the two companies overlap in retail leasing, asset management, and institutional fund management talent.
• Stockland: Stockland is a large diversified Australian property developer and asset manager with retail town centre assets. Haben acquired two shopping centre assets from Stockland in 2020, and Stockland competes directly in retail asset management and tenant leasing.
• Charter Hall Group: Charter Hall is one of Australia's largest fund managers focused on commercial property, including retail. It competes with Haben for wholesale and institutional investor mandates and operates pooled investment funds with similar fee structures and asset management capabilities.
• Vicinity Centres: Vicinity Centres is one of Australia's largest retail property trusts, owning and managing a portfolio of shopping centres across the country. It is a comparable incumbent in Australian retail real estate fund management and asset management, with overlapping investment and leasing capabilities.
• Lendlease: Lendlease is a multinational property and investment group with significant Australian retail assets and fund management operations. A Haben Fund Manager previously worked at Lend Lease, and the two compete in retail asset management and institutional fund mandates.
• Scentre Group (Westfield): Scentre Group owns and operates Westfield-branded shopping centres across Australia and New Zealand, making it the dominant incumbent competitor in the Australian retail property management space. Multiple Haben executives previously worked at Scentre Group, and it is the most directly comparable platform by portfolio scale and tenant relationships.

Others

• QIC (Queensland Investment Corporation): QIC is a large Australian institutional investor that divested Westpoint Shopping Centre to Haben and Hines in January 2025. While primarily a wholesale investor itself, it is comparable as a large-scale Australian retail property counterparty and represents a key institutional relationship for Haben.

Direct peers

• Fortius Funds Management: Fortius Funds Management is a boutique Australian real estate investment manager operating pooled retail property funds. A Haben Deputy Fund Manager previously worked at Fortius, indicating close positioning as a direct competitor in the wholesale Australian retail fund market.
• Growthpoint Properties Australia: Growthpoint Properties Australia is an ASX-listed REIT focused on industrial and retail property across Australia. It is a similarly-sized direct competitor in Australian retail property investment, with overlapping tenant relationships and comparable scale of AUM.
• Centennial Property Fund (part of Elanor Investors Group): Elanor Investors Group operates Centennial Property Fund and other wholesale retail-focused property funds. Multiple Haben IR and management staff previously worked at Elanor/Centennial, and the firm operates directly comparable wholesale retail property funds.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/HabenAustralia
• LinkedInlinkedin.com/company/haben-australia

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles20 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Haben