Decades of dedication to the Australian pharmacy sector

As we look back on the last few decades, it’s remarkable to acknowledge the tremendous value and enduring commitment Lease1, Gold Cross, and Guild Insurance have delivered to the Australian community pharmacy sector.

Lease1, Australia’s foremost Retailer Leasing expert, celebrates its 27th year of service this year. The specialist lease consultancy has been instrumental in driving efficiencies and cost savings for community pharmacies around the country, securing favourable lease terms that allow pharmacies to focus on their most important mission: caring for their communities. For nearly three decades, Lease1 has been an industry beacon, consistently helping to navigate the often-complex landscape of commercial leases.

Moreover, Lease1 shares a special bond with Gold Cross, having collaborated closely for 14 fruitful years. The strength of this partnership underscores the power of collective effort in meeting the needs of community pharmacies. Together, Lease1 and Gold Cross have supported pharmacies in their operational, financial, and strategic goals, providing resources and expertise that have been pivotal in their growth and success.

Speaking of enduring relationships and milestone celebrations, we must also extend our hearty congratulations to our Gold Cross cousins at Guild Insurance. This year marks Guild Insurance’s 60th anniversary of providing peace of mind to the pharmacy sector. Guild Insurance’s commitment to delivering tailored insurance solutions that respond to the unique needs and risks of pharmacies has been unparalleled. Over the years, Guild Insurance has been an essential partner for pharmacies, providing security and support through their comprehensive insurance brokerage and products.

The role of appropriate insurance coverage in the operation of community pharmacies cannot be overstated. A pharmacy is more than a retail operation; it’s a cornerstone of community health and well-being. Therefore, the risks faced are unique and potentially impactful. Having suitable insurance coverage not only protects the pharmacy in the event of unforeseen circumstances but also gives confidence to customers that their trusted healthcare provider is stable and secure.

Further to this, maintaining appropriate insurance is also a crucial requirement under most retail shop leases. It is a contractual obligation, and failure to uphold it can lead to significant consequences, including potential termination of the lease. Insurance helps protect both the Landlord and the Lessee, covering various eventualities such as public liability, property damage, or business interruption. It’s an essential element of risk management for any retail lease and particularly crucial in the healthcare sector.

The symbiotic relationship between Lease1, Gold Cross, and Guild Insurance is a testament to the strength of collaboration in serving community pharmacies. Lease1’s lease consultancy expertise, Gold Cross’s dedicated support services, and Guild Insurance’s tailor-made insurance solutions all intertwine to create a robust support system for the Australian pharmacy sector.

Here’s to Lease1 for 27 years of dedication, to their 14-year partnership with Gold Cross, and to Guild Insurance for six decades of commitment. Each of these milestones signifies the power of persistence, expertise, and a focus on service. The pharmacy sector is in good hands, with these stalwarts continuing to illuminate the path forward.

The Community Pharmacy sector is no stranger to uncertainty, especially in the context of 60 60-day dispensing. This practice, while advantageous for patients and helpful in managing medication supply, introduces an added level of risk for pharmacies. It alters the frequency of customer interactions, impacts cash flow, and shifts the dynamics of the retail environment.


Without a comprehensive strategic retail leasing plan, pharmacies may find themselves on unstable ground. Rental costs can account for a significant proportion of a pharmacy’s operating expenses, and any unforeseen changes to leasing conditions can affect the viability of the business.

Furthermore, lease contracts often span several years, locking pharmacies into long-term financial commitments. Without a strategic plan, pharmacies may find themselves stuck with unsuitable premises or unsustainable costs. This risk is further amplified in a world of 60-Day Dispensing, where changes in customer footfall and buying patterns can significantly alter the optimal layout or location for a pharmacy.

The importance of a robust, well-designed retail leasing plan cannot be overstated. It should align with the overall business strategy, considering factors such as the anticipated growth trajectory, changing customer needs, and evolving industry practices.

Recognising these risks and challenges, we are excited to announce that Lease1, Australia’s leading retail leasing experts, offers all Guild Members a FREE lease review.

Lease1 is renowned for their experience in navigating the complex landscape of retail leasing. This collaboration seeks to help community pharmacies understand the implications of their current leasing arrangements and provide strategic advice on optimising these agreements for long-term stability and success.

The free lease review will provide a thorough assessment of your current lease terms, potential areas of negotiation, and recommendations for aligning your leasing strategy with your business objectives. It will also consider the implications of 60-Day Dispensing on your retail environment and how to adapt your lease agreement to this new context.

This offer presents a significant opportunity to secure your pharmacy’s future in the increasingly challenging landscape of community healthcare. Don’t leave your business exposed to unnecessary risk. Arm yourself with the strategic insight needed to navigate these uncertain times and future-proof your pharmacy operations.

As Guild Insurance celebrates its 60th year of protecting the Community Pharmacy sector, we encourage you to take this step toward securing your retail leasing future. Don’t miss out on this golden opportunity. Remember, the best risk management strategy is one that is comprehensive and proactive. Let Lease1 guide you on this crucial aspect of your business.