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30 May 2016

MIRVAC EXCHANGES CONTRACTS FOR THE SALE OF COMO CENTRE, SOUTH YARRA, VIC AND 16 FURZER STREET, PHILLIP ACT

Mirvac Group ("Mirvac") [ASX: MGR] is pleased to announce it has exchanged contracts for the sale of two assets in its Investment portfolio. These include Como Centre in South Yarra, Victoria for a total consideration of $236.5 million1 and 16 Furzer Street in Phillip, ACT for a total consideration of

$68.1 million.

Located on a two hectare site on the corner of Toorak Road and Chapel Street in South Yarra, Como Centre includes 25,700 square metres of A-grade office accommodation, approximately 6,650 square metres of retail, a 111-room hotel and a commercial car park.

16 Furzer Street, also known as Aviation House, is an A-grade building comprising nine levels of office accommodation, a ground level cafe and two levels of basement parking.

Mirvac's CEO & Managing Director, Susan Lloyd-Hurwitz, commented, "This is an outstanding outcome for the Group, and we are extremely pleased to have achieved these key milestones in our asset sales strategy for FY16, following the sale of 1 Woolworths Way in New South Wales earlier this year."

Settlement of both Como Centre and 16 Furzer Street is expected in June 2016.

For more information, please contact:

Media enquiries: Investor enquiries:

Marie Festa Narelle Checchin

Head of Culture and Reputation GM, External Communications

+61 2 9080 8956 and Investor Relations

+61 2 9080 8315

1. Subject to conditions precedent.

Mirvac Group published this content on 30 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 May 2016 00:20:07 UTC.

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