FY17

PROPERTY COMPENDIUM

30 JUNE 2017

INVESTMENT OVERVIEW

Artist's impression

OLDERFLEET, MELBOURNE

Mirvac manages a diverse portfolio of investment assets across the office, industrial and retail sectors, leased to quality tenants including leading Australian and international companies.

Mirvac's integrated business approach includes utilising the specialised in-house asset management team, that is responsible for all leasing and property management across the entire portfolio.

Investment Overview

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2017

PROPERTY PORTFOLIO AS AT 30 JUNE 2017 TYPE OF PROPERTY NO. OF PROPERTIES BOOK VALUE ($M) GLA/NLA (SQM) WALE (YEARS) OCCUPANCY (%) CAP RATE (%)

OFFICE 28 4,937 623,828 6.5 97.6 5.92

INDUSTRIAL 19 873 499,791 7.0 95.3 6.37

RETAIL 17 3,062 418,578 4.2 99.4 5.67

SUBTOTAL 641 8,8721 1,542,197 5.9 97.3 5.87

OTHER INVESTMENTS N/A 225 N/A N/A N/A N/A

TOTAL PORTFOLIO 64 9,097 1,542,197 5.9 97.3 5.87

PROPERTY PORTFOLIO DIVERSIFICATION Sector Diversification2 Geographic Diversification3

Office

Industrial Retail

56%

10%

34%

NSW

VIC QLD WA ACT

USA

62%

15%

13%

5%

4%

1%

LEASE EXPIRY PROFILE4 Total Portfolio Office Portfolio

1,542,197 sqm

WALE 5.9 YEARS

45%

60%

50%

623,828 sqm

WALE 6.5 YEARS

54%

60%

50%

40%

40%

30%

30%

13%

2%

9% 9%

12% 10%

20%

10%

0

12%

6%

2%

12%

8% 6%

20%

10%

0

VACANT FY18 FY19 FY20 FY21 FY22 FY23+

VACANT FY18 FY19 FY20 FY21 FY22 FY23+

Industrial Portfolio Retail Portfolio

499,791 sqm

WALE 7.0 YEARS

45%

60%

50%

418,578 sqm

WALE 4.2 YEARS

60%

50%

40%

30%

31%

40%

30%

6%

8%

5% 4%

18%

14%

20%

10%

0

17%

1%

13%

12% 11%

15%

20%

10%

0

VACANT FY18 FY19 FY20 FY21 FY22 FY23+

VACANT FY18 FY19 FY20 FY21 FY22 FY23+

  1. Portfolio number and value includes investment properties under construction (IPUC).

  2. By book value, excludes other investments.

  3. By book value, excludes other investments, IPUC and 55 Coonara Avenue, West Pennant Hills, held for development.

  4. By income, excluding IPUC and other investments. 3

OFFICE

200 GEORGE STREET, SYDNEY

Comprising 56% of Mirvac's property portfolio, the office portfolio is focused on the core markets of Sydney and Melbourne and has a weighted average lease expiry of 6.5 years.

Mirvac Group published this content on 17 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 16 August 2017 22:51:02 UTC.

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