ABACUS GROUP — Investor Presentation 2012

Oct 7, 2012

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property book 2012

abacus property group properties

CoNteNtS 03 our philosophy 05 Abacus’ principal Investment portfolio 06 retail properties 09 Commercial properties 13 other properties 14 Industrial properties 18 Storage properties QLD 21 Storage properties VIC 24 Storage properties NSW 26 Storage properties ACt 27 Storage properties NZ 30 Minority properties 32 Additional Small properties 33 Notes 14 MARTIN PLACE, SydNEy

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property book 12

abacus property group properties

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PROPERTy ACquISITION
Properties that have realistic
prospects for increased capital
growth through active
managment
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14 MARTIN PLACE, SydNEy
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OuR PhILOSOPhy

our investment objective is to provide our investors with reliable and increasing returns. We look for property assets that are capable of providing growth in:

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ASSET MANAgEMENT
Significant asset management
experience is applied to
drive returns
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• rental income; and

• asset value

as a result of our diligent active management.

Abacus is first and foremost a property investor seeking to extract value through active management. We pursue properties with short-term imperfections in their underlying real estate fundamentals that allow us to acquire the assets at a discount.

We then apply our asset management skills to rectify the imperfections. If appropriate we crystallise the value of the asset. the diagram on this page depicts the investment process that Abacus undertakes.

Abacus has three integrated property businesses built on our core expertise in accessing properties and projects and actively managing them to realise their full value. our flat corporate structure and business model supports strong synergies across our businesses and contributes to the overall success of the businesses and the Group. In total, Abacus has $2.2 billion of assets under management.

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INVESTMENT REALISATION
Where appropriate asset is
returned to market
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3
properties
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abacus property group properties

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350 gEORgE ST, SydNEy
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Sector diversity

• [Commercial (32%)]

• [retail (26%)]

• [Industrial and other (14%)]

• [Storage (28%)]

geographic diversity

• [NSW (43%)]

• [QLD (18%)]

• [VIC (17%)]

• [ACt (11%)]

• [SA (6%)]

• [NZ (5%)]

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Abacus Property group is a diversified listed A-REIT included in the S&P/ASX 200 Index (ASX:ABP)

Abacus specialises in investing in core plus real estate and actively managing those assets to enhance income and capital growth.

As at 30 June 2012, Abacus had total assets under management of $2.2 billion.

120 investment properties accounted for $1.7 billion of this total, which includes properties owned by Abacus and properties in funds managed by Abacus.

Further information on Abacus’ activities is available from our website at www.abacusproperty.com.au

Abacus Property group

45 investment properties valued at $909 million

45 storage properties valued at $358 million Other property-based investments $599 million

Abacus hospitality Fund

5 properties valued at $162 million Abacus diversified Income Fund II 24 properties valued at $178 million

Abacus Miller Street Fund

1 property valued at $63 million

Other Funds

2 assets valued at $61 million

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abacus property group properties

www.abacusproperty.com.au

As at 30 June 2012, Abacus property Group had $1,306 million in total property assets on balance sheet. this total comprises the principal investment portfolio and the storage investment portfolio as well as a number of smaller portfolios valued at $1,267 million.

portfolios valued at $1,267 million.
CoNteNt	SeCtor	book VALUe $ MILLIoN
principal investment portfolio	Diversifed	726
Storage investment portfolio	Storage	358
Additional small properties	Diversifed	40
Abacus retail property trust	retail	51
Inventory and minority assets	Diversified	92
TOTAL		1,267

Abacus also owns a further $39 million in other property assets. Interests in a number of the above properties are held through joint ventures for which we equity account.

Occupancy: 94%

Weighted average lease expiry by income: 4.2 years

the principal investment property portfolio comprises:

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BOOK VALUE
PROPERTY STATE SECTOR
$ MILLION
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PROPERTY	STATE	SECTOR	BOOK VALUE $ MILLION
Ashfeld Mall properties, Ashfeld	NSW	retail
birkenhead point Shopping Centre, Drummoyne	NSW	retail
Liverpool plaza properties, Liverpool	NSW	retail
Moorabbin House & Home, Moorabbin	VIC	retail
		total retail	280
Westpac House, Adelaide	SA	commercial
51 Allara Street, Canberra	ACt	commercial
14 Martin place, Sydney	NSW	commercial
Virginia park, bentleigh east	VIC	commercial
171 Clarence Street, Sydney	NSW	commercial
CSIro Headquarters, Canberra	ACt	commercial
Varsity Lakes properties, Gold Coast	QLD	commercial
350 George Street, Sydney	NSW	commercial
Lennons plaza, brisbane	QLD	other
total commercial & other			353
Campbellfeld properties, Campbellfeld	VIC	industrial
Mina parade, Alderley	QLD	industrial
10-12 pike Street, rydalmere	NSW	industrial
Greenacre properties, Greenacre	NSW	industrial
Villawood Industrial estate, Villawood	NSW	industrial
pinkenba properties, pinkenba	QLD	industrial
	total industrial		93
	TOTAL		726

5 properties

abacus property group retail

www.abacusproperty.com.au

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Ownership interest 100%
Cap rate 7.50%
Valuation date June 2011
Aquisition date September 2007
Site area 21,890m [2]
Net lettable area 25,013m [2]
Occupancy 98%
WALE by income 6.0 years
Rent review
CpI and fixed
structure
Major tenants Woolworths, Coles, kmart,
by income Franklins
Parking spaces 1078
60 - 70 70 - 80 80 - 90 90 - 100 $100m+
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Ashfield Mall and adjacent properties Liverpool road, Ashfield, NSW

Ashfield Mall is a sub-regional shopping centre located 10 kilometres south-east of the Sydney CbD, close to the railway station and bus interchange. the fully enclosed four level building has four anchor tenants and over 80 specialty shops. the centre’s MAt (Moving Annual turnover) has increased to over $160 million since acquisition.

Four adjacent retail properties owned by Abacus provide scope for expansion of the Mall, greater exposure to Liverpool road and additional parking. Abacus has a development approval to increase the centres NLA by 2,700m[2] and to develop 116 residential units, 16 serviced apartments and 12 townhouses with a further 268 parking spaces and a childcare facility.

*Adjacent properties include 244-256 Liverpool road.

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Ownership interest 50%
Cap rate 7.87%
Valuation date october 2010
Aquisition date November 2010
Site area 87,049m [2]
Net lettable area 32,483m [2]
Occupancy 84%
WALE by income 3.1 years
Rent review
CpI and fixed
structure
Major tenants Coles, David Jones, Spotlight,
by income Hugo boss, oroton
Parking spaces 1395
60 - 70 70 - 80 80 - 90 90 - 100 $100m+
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Birkenhead Point

roseby Street, Drummoyne, NSW

birkenhead point is a hybrid mixed use shopping centre comprising traditional retail including a supermarket and fresh food offering and premium outlet retailers. the centre consists of four linked historical buildings. the centre includes Sydney’s largest privately owned Marina with 187 berths.

the centre has recently undergone a $50+ million refurbishment and upgrade with an aim to create Australia’s premium outlet centre.

Drummoyne is located 5km to the west of the Sydney CbD in a strong primary catchment area of the inner city.

the Coles supermarket and food and convience offer has recently been upgraded. the development application to expand and refurbish the Marina has been approved.

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property book 12

abacus property group retail

www.abacusproperty.com.au

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Ownership interest 100%
Cap rate 8.75%
Valuation date December 2010
Aquisition date August 2004
Site area 8,904m [2]
Net lettable area 5,874m [2]
Occupancy 92%
WALE by income 0.9 years
Rent review
CpI and fixed
structure
Major tenants
Franklins, ANZ, St George
by income
Parking spaces 250
0 - 20 20 - 30 30 - 40 40 - 50 50 - 60
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Liverpool Plaza and adjacent properties Macquarie Street, Liverpool, NSW

Liverpool plaza is a neighbourhood shopping centre occupying a prime location on the Macquarie pedestrian mall in the Liverpool CbD, approximately 34 kilometres south-west of the Sydney CbD. the fully enclosed centre comprises ground floor retail, mezzanine level offices and an open rooftop car park.

Council has approved a development application for the refurbishment of Liverpool plaza, which will include a modernisation of the internal retail malls, improvements to entry points, works on the building exterior and the installation of a new travelator. Work has commenced and will be completed by mid 2013.

two adjacent properties owned by Abacus provide scope to expand the plaza.

*Adjacent properties include 193 Macquarie Street and 77 Moore Street.

	Ownership interest 100%	Ownership interest 100%	Ownership interest 100%	Ownership interest 100%	Ownership interest 100%
	Cap rate 9.50%
	Valuation date December 2010
	Aquisition date August 2006
	Site area 19,750m2
	Net lettable area 13,927m2
	Occupancy 100%
	WALE by income 1.9 years
	Rent review structure CpI and fxed
	Major tenants by income Spotlight, Freedom, oz Design
	Parking spaces 378
	0 - 10	10 - 20	20 - 40	40 - 50	50 - 60

Moorabbin house and home

Cnr Nepean Highway and exley Drive, Moorabbin, VIC

this bulky goods/homemaker centre occupies a prominent position on the Nepean Highway, 15 kilometres south-east of the Melbourne CbD. built in 2002, the complex comprises two separate buildings housing nine separate showrooms leased to national retailers.

7 properties

abacus property group retail

www.abacusproperty.com.au

Abacus Retail Property Trust

VIC | NSW | QLD | SA | WA

the Abacus retail property trust holds a portfolio of 9 small shopping centres located in regional areas around Australia through a joint venture with Metcash trading Limited.

the shopping centres are anchored by IGA supermarkets with long-term leases.

the trust owns 75% of the joint venture and receives a preferred return on equity.

the weighted average cap rate of this portfolio is 9.2%.

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NET BOOK
PROPERTY STATE LETTABLE VALUE
AREA m [2] $ MILLION
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PROPERTY	STATE	NET LETTABLE AREA m2	BOOK VALUE $ MILLION
29 Queen Street, North Bundaberg	QLD	4,045
50 Mostyn Street, Castlemaine	VIC	3,740
Gympie Market Place, Gympie	QLD	3,313
Mount View Plaza, Kirwan	QLD	3,383
23-30 Osmond Street, Kingscote Kangaroo Island	SA	2,703
9-11 Moore Street, Mackay	QLD	1,417
41 George Street, Gordonvale	QLD	1,477
29-33 Marshall Street, Cobar	NSW	2,059
12 Docker Street, Wangaratta	VIC	3,080
TOTAL		25,217	51

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property book 12

abacus property group commercial

www.abacusproperty.com.au

	Ownership interest 50%	Ownership interest 50%	Ownership interest 50%	Ownership interest 50%	Ownership interest 50%
	Cap rate 8.25%
	Valuation date June 2012
	Aquisition date october 2004
	Site area 4,287m2
	Net lettable area 31,449m2
	Occupancy 94%
	WALE by income 5.4 years
	Rent review structure CpI and fxed
	Major tenants by income Westpac, SA Government, pWC
	Parking spaces 54
	60 - 70	70 - 80	80 - 90	90 - 100	$100m+

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	Ownership interest 100%	Ownership interest 100%	Ownership interest 100%	Ownership interest 100%	Ownership interest 100%
	Cap rate 8.25%
	Valuation date December 2010
	Aquisition date January 2008
	Site area 3,973m2
	Net lettable area 12,088m2
	Occupancy 99%
	WALE by income 7.6 years
	Rent review structure Fixed
	Major tenants by income Dept of resources, energy and tourism, Murray Darling basin Commission
	Parking spaces 163
	0 - 20	20 - 30	30 - 50	40 - 50	50 - 60

Westpac house

91 king William Street, Adelaide, SA

Westpac House at 91 king William Street is a premium grade commercial property located in central Adelaide with four street frontages. the property comprises a 31 level office tower and two small office buildings.

Abacus has a 50% interest in the property through a joint venture with Arena Investment Management Limited.

this building has a 4.5 star NAberS rating.

51 Allara Street

Canberra, ACt

this eight level office block is centrally located on the intersection of Constitution Avenue and Allara Street in the Canberra CbD in the centre of a major government office precinct. the property was substantially refurbished in 2011 and recently underwent an upgrade with the aim of the building acheiving 4.5 star NAberS rating.

this building currently has a 4 star NAberS rating.

9 properties

abacus property group commercial

www.abacusproperty.com.au

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Ownership interest 50%
Cap rate 7.75%
Valuation date January 2011
Aquisition date June 2011
Site area 1,103m [2]
Net lettable area 13,132m [2]
Occupancy 92%
WALE by income 3.0 years
Rent review
CpI and fixed
structure
Major tenants International bank, IreSS
by income and ross Hr
-
Parking spaces
0 - 20 20 - 30 30 - 40 40 - 50 50 - 60
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Ownership interest 50%
Cap rate 9.00%
Valuation date April 2011
Aquisition date April 2006
Site area 12.34 ha
Net lettable area 59,845m [2]
Occupancy 87%
WALE by income 2.8 years
Rent review
CpI and fixed
structure
Major tenants Xtralis, Vision Stream, officeworks
by income peripheral Computer Industries
Parking spaces 1,435
0 - 20 20 - 30 30 - 40 40 - 50 50 - 60
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14 Martin Place

Sydney, NSW

the building is located in a prime corner position in the centre of Sydney’s prestigious financial district. the property consists of an 8 level heritage façade commercial office building, built in circa 1892, that fronts Martin place and an interconnecting 20 Level commercial office tower fronting pitt Street. the entire structure includes 1,911m[2] of ground and lower ground floor retail. this building has a 2.5 star NAberS rating.

Virginia Park

bentleigh east, Victoria

Virginia park is situated predominately in a residential location in bentleigh east approximately 13 kilometres south east of Melbourne. Virginia park is a sizeable business park providing a mixture of industrial and office buildings as well as supporting facilities including gymnasium, swim centre, child care centre, children’s play centre, café, yoga centre and martial arts centre. the site has recently been enhanced following the purchase of a neighbouring site that offers expansion potential and residential opportunity.

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property book 12

abacus property group commercial

www.abacusproperty.com.au

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Ownership interest 100%
Cap rate 8.25%
Valuation date June 2012
Aquisition date January 2011
Site area 723m [2]
Net lettable area 6,429m [2]
Occupancy 85%
WALE by income 2.5 years
Rent review
Fixed
structure
Major tenants
CbA, Intercall
by income
Parking spaces 14
0 - 20 20 - 30 30 - 40 40 - 50 50 - 60
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Ownership interest 100%
Cap rate 8.50%
Valuation date June 2011
Aquisition date June 2002
Site area 40,102m [2]
Net lettable area 7,215m [2]
Occupancy 100%
WALE by income 2.0 years
Rent review
Annual 3%
structure
Major tenants
CSIro
by income
Parking spaces 350
0 - 10 10 - 30 30 - 40 40 - 50 50 - 60
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171 Clarence Street

Sydney, NSW

this 15 level commericial office building is centrally located the western corridor of the Sydney CbD on the north-west corner of Clarence and king Streets. the property consists of basement storage and carparking, ground floor retail and 12 upper levels of office accommodation. the ground floor retail is anchored by leases to Commonwealth bank of Australia and 7 eleven. the property is approved for strata subdivision.

CSIRO headquarters

Limestone Avenue, Campbell, ACt

CSIro’s head office and related facilities occupy an elevated four hectare site two kilometres east of the Canberra CbD. the improvements include a five level office building with attached single level conference centre, a two level administration building and extensive parking.

this building has a 3 star NAberS rating.

11 properties

abacus property group commercial

www.abacusproperty.com.au

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RP1 Building
Cnr Main Street & Bellvue drive
Ownership interest 100%
Cap rate 9.14%
Valuation date June 2011
Aquisition date September 2007
Site area 8,670m [2]
Net lettable area 3,619m [2]
Occupancy 0%
-
WALE by income
Major tenants by income -
Parking spaces 96
0 - 20 20 - 30 30 - 40 40 - 50 50 - 60
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	AAPT Building, 169 Varsity Parade	AAPT Building, 169 Varsity Parade	AAPT Building, 169 Varsity Parade	AAPT Building, 169 Varsity Parade	AAPT Building, 169 Varsity Parade
	Ownership interest 100%
	Cap rate 9.14%
	Valuation date June 2011
	Aquisition date September 2007
	Site area 13,000m2
	Net lettable area 3,418m2
	Occupancy 44%
	WALE by income 5.8 years
	Major tenants by income National broadband Network
	Parking spaces 174
	0 - 20	20 - 30	30 - 40	40 - 50	50 - 60

Varsity Lakes Properties

Varsity Lakes, QLD

Varsity Lakes is a fully planned urban community surrounding bond University located approximately nine kilometres south-west of the Surfers paradise CbD. It includes approximately 3,000 dwellings, a university, sports and recreational, shopping, dining and commercial facilities. Local planning guidelines allow an 8 level height limit and encourage mixed use development.

rp1 building, corner Main Street and bellvue Drive is a three level commercial office building. AApt building, 169 Varsity parade is a single level building.

the two properties offer potential for redevelopment given their large sites and under-utilised FSr. We are actively looking for short term leases until the development market recovers.

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property book 12

abacus property group commercial & other

www.abacusproperty.com.au

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Ownership interest 50%
Cap rate 7.25%
Valuation date September 2010
Aquisition date December 2010
Site area 866m [2]
Net lettable area 3,901m [2]
Occupancy 68%
WALE by income 1.3 years
Rent review
Fixed
structure
Major tenants Ambition Corporate Services,
by income Direct Media enterprises
-
Parking spaces
0 - 20 20 - 30 30 - 40 40 - 50 50 - 60
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Ownership interest 100%
Cap rate 8.50%
Valuation date December 2010
Aquisition date December 2003
Site area 1,227m [2]
Net lettable area 4,460m [2] + 10,360m [2 ] hotel rooms
Occupancy 5%
WALE by income 1.7 years
Rent review
CpI and fixed
structure
Major tenants
Chifley at Lennons Hotel
by income
Parking spaces 68
0 - 20 20 - 30 30 - 40 40 - 50 50 - 60
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350 george St

Sydney, NSW

the property is a heritage listed commercial and retail building located within the core precinct of the CbD incorporating ground and basement level retail accommodation and 6 upper levels of commercial office accommodation. the building was originally built in 1894 and is known as Societe General House It is one of the earliest buildings in Australia to show the influence of the American Federation romanesque style. the property underwent a major refurbishments in 1986 and later in 2006 through to 2008. the property is listed on the State Heritage register. We are strata subdividing the property with our joint venture partner and over 50% of the suites have been sold.

Lennons Plaza

brisbane, QLD

this asset was sold following the end of year for $56.75 million.

13 properties

abacus property group industrial

www.abacusproperty.com.au

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1769 hume highway
Ownership interest 100%
Cap rate 10.00%
Valuation date June 2012
Aquisition date November 2007
Site area 66,240m [2]
Gross lettable area 26,946m [2]
Occupancy 100%
WALE by income 9 years
Rent review
CpI
structure
Major tenants
Venture Industries Australia
by income
Parking spaces plentiful
0 - 20 20 - 30 30 - 40 40 - 50 50 - 60
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36-52 National Boulevard
Ownership interest 100%
Cap rate 8.75%
Valuation date June 2012
Aquisition date July 2005
Site area 21,000m [2]
Gross lettable area 11,127m [2]
Occupancy 100%
WALE by income 3.1 years
Rent review
CpI
structure
Major tenants
top Cat Installations
by income
Parking spaces 108
0 - 20 20 - 30 30 - 40 40 - 50 50 - 60
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Campbellfield Properties Campbellfield, VIC

Campbellfield is a prominent industrial location approximately 17 kilometres north of Melbourne CbD adjacent to the Hume Highway, which provides excellent access to main transport routes.

1769 Hume Highway is a substantial industrial facility with a 214 metre frontage to the Hume Highway, two entrances and an internal roadway to facilitate drive through truck movements.

36-52 National boulevard is a modern industrial facility providing single office accommodation to the front of the site and a warehouse to the rear.

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abacus property group industrial

www.abacusproperty.com.au

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Ownership interest 100%
Cap rate 9.50%
Valuation date June 2010
Aquisition date September 2007
Site area 46,690m [2]
Gross lettable area 23,149m [2]
Occupancy 58%
WALE by income 2.4 years
Rent review
Fixed 4%
structure
Major tenants Various short term leases with
by income development clauses
Parking spaces 142 (28 undercover)
0 - 10 10 - 30 30 - 40 40 - 50 50 - 60
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Ownership interest 100%
Cap rate 10.00%
Valuation date June 2012
Aquisition date october 1998
Site area 37,840m [2]
Gross lettable area 18,189m [2]
Occupancy 100%
WALE by income 5.0 years
Rent review
CpI and market
structure
Major tenants
Waco kwikform Limited
by income
Parking spaces 16 undercover
0 - 10 10 - 30 30 - 40 40 - 50 50 - 60
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95 & 117 Mina Parade

Alderley QLD

Alderley is an established inner city residential suburb of brisbane located approximately five kilometres north of the CbD. this property comprises office/warehouse buildings and is located opposite a railway line and is close to public transport, schools and retail amenities.

Future plans envisage residential development and tenants are currently on short term leases.

10 -12 Pike Street

rydalmere NSW

this property comprises two older style industrial buildings in an established industrial precinct two kilometres east of the parramatta CbD and 21 kilometres west of the Sydney CbD. the lease contains demolition clauses on part of the estate to facilitate planning for the partial or full redevelopment of the property into industrial strata lots.

15 properties

abacus property group industrial

www.abacusproperty.com.au

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17-21 Anzac Street &
16-22 Anzac Street
Ownership interest 100%
Cap rate 10.00%
Valuation date December 2010
Aquisition date oct - Nov 2007 & July 2008
Site area 26,200m [2]
Gross lettable area 14,330m [2]
Occupancy 30%
WALE by income 2.6 years
Rent review
CpI and fixed
structure
Major tenants pram Warehouse &
by income emerald engineering
Abacus Storage Fund 16-22 Anzac Street 17-21 Anzac Street
Parking spaces Ample on-site
0 - 20 20 - 30 30 - 40 40 - 50 50 - 60
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Ownership interest 100%
Cap rate 10.50%
Valuation date June 2012
Aquisition date May 2002
Site area 35,710m [2]
Gross lettable area 19,050m [2]
Occupancy 95%
WALE by income 1.9 years
Rent review
CpI and fixed
structure
Independant Motor Auctions,
Major tenants
Coral bay east Coast pty Ltd, bID
by income
buy Sold
Parking spaces plentiful
0 - 20 20 - 30 30 - 40 40 - 50 50 - 60
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greenacre Properties

Greenacre NSW

Greenacre is an industrial suburb approximately 17 kilometres southwest of the Sydney CbD and two kilometres northeast of the bankstown CbD. the Hume Highway is one of Sydney’s primary arterial routes.

Abacus has commenced a managed sell-down of these assets with one sold and another currently on the market.

Villawood Industrial Estate

Villawood NSW

Villawood Industrial estate is located 25 kilometres south-west of the Sydney CbD and comprises two industrial buildings made up of five factory units and approximately 3,000 square metres of unimproved land fronting Christina road. Abacus is currently monitoring redevelopment opportunities.

16

property book 12

abacus property group industrial

www.abacusproperty.com.au

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26 Savage Street 681 Curtain Avanue
Ownership interest 100% Ownership interest 100%
Cap rate 9.50% Cap rate 9.50%
Valuation date June 2011 Valuation date June 2011
Aquisition date January 2004 Aquisition date January 2004
Site area 23,500m [2] Site area 19,400m [2]
Gross lettable area 5,859m [2] Gross lettable area 4,745m [2]
Occupancy 100% Occupancy 100%
Lease expiry 2019 Lease expiry 2014
Rent review Rent review
every 3 years every 3 years
structure structure
Major tenants Major tenants
Hi-Fert pty Ltd Saint-Gobain Ceramic Materials
by income by income
Parking spaces 18 Parking spaces 40
0 - 20 20 - 30 30 - 40 40 - 50 50 - 60 0 - 20 20 - 30 30 - 40 40 - 50 50 - 60
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Pinkenba Properties

26 Savage Street & 681 Curtain Avenue, brisbane QLD

pinkenba is located approximately 10 kilometres from the brisbane CbD, close to brisbane Airport, port and rail facilities and major roads. these industrial properties provide a long-term land lease where annual rental is equal to 8% of the land value, reviewed every three years. ownership of the improvements lie with the tenant, but revert to the Abacus if not removed at the end of the lease term.

17 properties

abacus property group storage queensland

www.abacusproperty.com.au

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Land area 4,318m [2]
Lettable area 2,446m [2]
Valuation date December 2011
0-5 5-10 10-15 15-20 $20m+
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Townsville Condon

1 regiment Court, Condon

the property comprises an established self storage facility occupying a visible corner site in a central location. the facility is purpose built and comprises 5 buildings.

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Land area 4,376m [2]
Lettable area 2,115m [2]
Valuation date December 2011
0-5 5-10 10-15 15-20 $20m+
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Townsville Currajong 161-169 bayswater road, Currajong

the property comprises 3 buildings on the site, which has access directly off bayswater road and secondary access to reardon Street.

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Land area 7,450m [2]
Lettable area 3,601m [2]
Valuation date December 2011
0-5 5-10 10-15 15-20 $20m+
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Townsville West End

8 Ingham road, West end

this established facility occupies a prominent site in close proximity to the townsville CbD. the site contains 6 buildings and surplus land for further development.

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Land area 6,000m [2]
Lettable area 3,260m [2]
Valuation date December 2011
0-5 5-10 10-15 15-20 $20m+
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Townsville Idalia D’Arcy Drive, Idalia

the purpose built facility, comprises 5 buildings, and is located in close proximity to a major arterial intersection on the Se corner of the townsville suburban area.

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abacus property group storage queensland

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Land area 11,270m [2]
Lettable area 4,549m [2]
Valuation date December 2011
0-5 5-10 10-15 15-20 $20m+
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Townsville Mount St John

4-8 Catalyst Court, Mount St John

Located to the west of the townsville CbD, the established facility contains 19 buildings which have been developed over time.

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Land area 7,720m [2]
Lettable area 4,966m [2]
Valuation date June 2010
0-5 5-10 10-15 15-20 $20m+
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gold Coast Miami

6-14 oak & 9 paradise Ave, Miami

Located 7 km south of Surfers paradise the facility comprises 2 multi-level buildings plus surplus land. this site has good exposure to the Gold Coast highway. A separate two storey commercial building also forms part of the overall property.

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Land area 10,040m [2]
Lettable area 6,258m [2]
Valuation date June 2012
0-5 5-10 10-15 15-20 $20m+
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Brisbane Acacia Ridge

23 Learoyd road, Acacia ridge

Located 14 km south of the brisbane CbD in a primarily industrial suburb, this purpose built facility has surplus land for one or two more buildings, which will be developed as demand warrants.

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Land area 3,000m [2]
Lettable area 3,101m [2]
Valuation date December 2011
0-5 5-10 10-15 15-20 $20m+
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Brisbane Browns Plains 50 eastern road, browns plains

this two level purpose-built facility is located within a commercial/industrial precinct 21 km south of the brisbane CbD on the brisbane Gold Coast corridor.

19 properties

abacus property group storage queensland

www.abacusproperty.com.au

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Land area 11,393m [2]
Lettable area 7,351m [2]
Valuation date December 2011
0-5 5-10 10-15 15-20 $20m+
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Brisbane Cleveland

4&5 Grant Street, Cleveland

Located 23 km south-east of the brisbane CbD in a retail precinct, these facilities include office accommodation, a residence and parking as well as purpose-built multilevel storage buildings.

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Land area 3,264m [2]
Lettable area 3,301m [2]
Valuation date December 2011
0-5 5-10 10-15 15-20 $20m+
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Brisbane Salisbury

148 evans road, Salisbury

this well located and highly visible site comprises a refurbished, high clearance converted warehouse over 2 levels and a new purpose built 3 level building on vacant land, completed in September 2010.

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Land area 3,485m [2]
Lettable area 2,985m [2]
Valuation date December 2011
0-5 5-10 10-15 15-20 $20m+
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Brisbane yeerongpilly 985 Fairfield road, yeerongpilly

this long established facility occupies a highly visible location on a major arterial road close to other major roadways and established commercial and residential hubs. the facility comprises two internal levels of storage.

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abacus property group storage victoria

www.abacusproperty.com.au

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Land area 15,950m [2]
Lettable area 3,960m [2]
Valuation date June 2012
0-5 5-10 10-15 15-20 $20m+
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Ballarat delacombe

44-48 Wallis Street, Delacombe

Located 4 km south-west of the ballarat CbD, this facility comprises ten purpose built single storey buildings, a warehouse/ factory building and a modern two storey office/residence.

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Land area 7,128m [2]
Lettable area 3,308m [2]
Valuation date June 2012
0-5 5-10 10-15 15-20 $20m+
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Ballarat Wendouree

201A Gillies Street, Wendouree

Located 5 km north-west of the ballarat CbD, this modern facility comprises two purpose-built storage buildings and an office/amenities area.

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Land area 2,619m [2]
Lettable area 3,859m [2]
Valuation date June 2012
0-5 5-10 10-15 15-20 $20m+
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Melbourne Bulleen

10-12 Manningham road, West bulleen

Located in a residential suburb 11 km north east of the Melbourne CbD, this prominent two level storage facility is close to shopping centres and a railway station.

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Land area 8,094m [2]
Lettable area 10,294m [2]
Valuation date June 2012
0-5 5-10 10-15 15-20 $20m+
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Melbourne Burwood

1 Duffy Street, burwood

Located approximately 13 km south east of the Melbourne CbD, the island site comprises a converted multi-level building. Main access is via Duffy St with prominent signage, but the island site provides multiple access points.

21 properties

abacus property group storage victoria

www.abacusproperty.com.au

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Land area 11,672m [2]
Lettable area 5,358m [2]
Valuation date June 2012
0-5 5-10 10-15 15-20 $20m+
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Melbourne Cranbourne

198 Sladen Street, Cranbourne

Located 41 km south-east of the Melbourne CbD, this purpose-built facility is close to several housing estates. two new buildings were completed in July 2009 and provided an additional 1,300m[2] lettable area.

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Land area 7,455m [2]
Lettable area 3,810m [2]
Valuation date June 2012
0-5 5-10 10-15 15-20 $20m+
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Melbourne Fairfield 328 Darebin road, Fairfield

Located 8 km north east of the Melbourne CbD, this converted single storey warehouse occupies a prominent corner location with four street frontages.

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Land area 6,647m [2]
Lettable area 5,435m [2]
Valuation date June 2012
0-5 5-10 10-15 15-20 $20m+
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Melbourne greensborough 24 Sherbourne road, Greensborough

Located approximately 18 km north east of the Melbourne CbD, the purpose built property is situated on a prominent elevated position on a main arterial road in the mixed industrial use and bulk good showroom precinct.

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Land area 8,095m [2]
Lettable area 3,499m [2]
Valuation date June 2012
0-5 5-10 10-15 15-20 $20m+
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Melbourne hoppers Crossing 71-75 Forsyth road, Hoppers Crossing

Located 21 km south-west of Melbourne in an established industrial precinct, this purpose-built facility comprises eight single storey storage buildings and a two level administration building.

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abacus property group storage victoria

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Land area 1,189m [2]
Lettable area 2,190m [2]
Valuation date June 2012
0-5 5-10 10-15 15-20 $20m+
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Melbourne Richmond

47 richmond terrace, richmond

Located in a popular inner Melbourne residential precinct with considerable high density development, this converted three storey facility is close to retail and commercial precincts and major roads.

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Land area 12,300m [2]
Lettable area 4,203m [2]
Valuation date June 2012
0-5 5-10 10-15 15-20 $20m+
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Melbourne Sunbury

2-10 Anderson road, Sunbury

Located in a semi-rural district 34 km northwest of the Melbourne CbD, this facility comprises a converted industrial building and three purpose-built storage buildings.

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Land area 5,084m [2]
Lettable area 3,952m [2]
Valuation date June 2012
0-5 5-10 10-15 15-20 $20m+
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Melbourne Thomastown

98 Northgate Drive, thomastown

Located in an established industrial precinct 15 km north of the Melbourne CbD, this purpose-built facility comprises four modern two level buildings, an office and residence.

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Land area 9,809m [2]
Lettable area 3,813m [2]
Valuation date December 2011
0-5 5-10 10-15 15-20 $20m+
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Melbourne Melton

9-19 reserve road, Melton

Located 35 km north-west of the Melbourne CbD, this purpose-built facility is in an industrial area with good road access. A fourth building completed in January 2009 added a further 540 m2 of lettable area.

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Land area 6,400m [2]
Lettable area 5,023m [2]
Valuation date December 2011
0-5 5-10 10-15 15-20 $20m+
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Melbourne Mitcham

2 Simla Street, Mitcham

Located 20 km east of the Melbourne CbD, this facility comprises a converted industrial warehouse and a purpose-built facility completed in 2007.

23 properties

abacus property group storage new south wales

www.abacusproperty.com.au

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Land area 6,703m [2]
Lettable area 2,259m [2]
Valuation date June 2011
0-5 5-10 10-15 15-20 $20m+
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Sydney homebush

21C richmond road, Homebush West

Situated approximately 12 km west of the Sydney CbD, the site comprises a converted single level warehouse. the rear of the property contains surplus land which is currently leased out but presents future development opportunities.

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Land area 841m [2]
Lettable area 1,789m [2]
Valuation date April 2011 [1]
0-5 5-10 10-15 15-20 $20m+
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Sydney Woolloomooloo

11-25 palmer Street, Woolloomooloo

Located very close to the Sydney CbD, the property is a refurbished 3 level plus mezzanine building. Demand is driven by high density neighbouring suburbs. the property presents a future possible alternate use redevelopment opportunity.

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Land area 1,701m [2]
Lettable area 3,213m [2]
Valuation date December 2011
0-5 5-10 10-15 15-20 $20m+
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Sydney Balmain

100 beattie Street, balmain

Located 4 km west of the Sydney CbD, this converted industrial building is in a suburb with high residential density and small scale commercial activities.

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Land area 10,740m [2]
Lettable area 6,823m [2]
Valuation date June 2012
0-5 5-10 10-15 15-20 $20m+
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Sydney Blacktown

29 penny place, blacktown

Located 34 km west of the Sydney CbD and 10 km west of parramatta in an industrial precinct, this modern facility comprises eight storage buildings and an office/residence.

1Acquired at Auction April 2011

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abacus property group storage new south wales

www.abacusproperty.com.au

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Land area 1,701m [2]
Lettable area 3,213m [2]
Valuation date June 2012
0-5 5-10 10-15 15-20 $20m+
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Sydney greenacre

24A Anzac Street, Greenacre

Located approximately 16 kilometres south-west of the Sydney CbD, this facility comprises six purpose built storage buildings and an adapted former timber mill building.

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Land area -
Lettable area 10,888m [2]
Valuation date December 2011
0-5 5-10 10-15 15-20 $20m+
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Sydney Lane Cove 27 Mars road, Lane Cove

Located 11 km north-west of the Sydney CbD, the facility occupies over 90% of a six level strata industrial warehouse. the area is surrounded by densely populated suburbs and has good access to major transport links.

25 properties

abacus property group storage australian capital territory

www.abacusproperty.com.au

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Land area 27,218m [2]
Lettable area 10,497m [2]
Valuation date June 2012
0-5 5-10 10-15 15-20 $20m+
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Canberra Belconnen

86 Nettleford Street, belconnen

this purpose built storage facility currently comprising both single and double level storage buildings with 2 new blocks added in December 2008. Adjoining the storage component is a small commercial property.

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Land area 17,784m [2]
Lettable area 8,217m [2]
Valuation date June 2012
0-5 5-10 10-15 15-20 $20m+
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Canberra Fyshwick

25 Ipswich Street, Fyshwick

this purpose built storage facility has excellent main frontage to Ipswich Street, comprises 10 buildings for storage accommodation and one additional building.

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Land area 21,889m [2]
Lettable area 10,228m [2]
Valuation date June 2012
0-5 5-10 10-15 15-20 $20m+
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CANBERRA KAMBAh

15-17 Jenke Circuit, kambah

this purpose built facility fronting Jenke Circuit running parallel to Drakeford drive, a major roadway connecting the tuggeranong town Centre to the CbD of Civic. the existing facility comprises 6 detached storage buildings, with a single level office and two residences. Additional land was purchased opposite the existing operation with a series of single level, drive up storage buildings developed in 2012.

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abacus property group storage new zealand

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Land area 12,971m [2]
Lettable area 7,067m [2]
Valuation date November 2011
0-5 5-10 10-15 15-20 $20m+
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Auckland Avondale

376 rosebank road, Avondale

Located in a popular industrial location servicing the western suburbs of Auckland, this purpose-built facility with good access to the main motorway system, includes an office and residence.

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Land area 10,176m [2]
Lettable area 5,594m [2]
Valuation date November 2011
0-5 5-10 10-15 15-20 $20m+
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Auckland Botany downs 100 ormiston road, botany South

this purpose-built facility is located in a commercial area of Auckland at the intersection of two major roads.

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Land area 10,418m [2]
Lettable area 5,229m [2]
Valuation date June 2012
0-5 5-10 10-15 15-20 $20m+
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Auckland dannemora

410 te Irirangi Drive, east tamaki

Comprising five purpose-built storage buildings and an office building, this facility is located on a prominent site in an industrial precinct adjacent to a residential growth area in the Auckland region.

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Land area 6,177m [2]
Lettable area 3,592m [2]
Valuation date June 2012
0-5 5-10 10-15 15-20 $20m+
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Auckland New Lynn Cnr portage road and Clark Street, New Lynn

occupying a large site at the intersection of three arterial routes, this facility comprises four storage buildings and an office. It is close to a number of strongly growing residential areas in Auckland.

27 properties

abacus property group storage new zealand

www.abacusproperty.com.au

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Land area 6,577m [2]
Lettable area 5,414m [2]
Valuation date June 2012
0-5 5-10 10-15 15-20 $20m+
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Auckland Remuera

207 Merton road, remuera

Located in a central Auckland suburb, this purpose-built facility is set in a light industrial precinct close to Auckland University and high-density residential suburbs.

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Land area 9,457 m [2]
Lettable area 3,683m [2]
Valuation date November 2011
0-5 5-10 10-15 15-20 $20m+
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Auckland Swanson Road

182 Swanson road, Henderson

this purpose-built facility is located in a prominent position in an established industrial and residential area. It comprises four single level storage buildings and an office building.

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Land area 13,077m [2]
Lettable area 5,598m [2]
Valuation date November 2011
0-5 5-10 10-15 15-20 $20m+
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Auckland Takapuna

19 Hillside road, takapuna

this large site has a prominent location in a retail and industrial area of Auckland. the facility was strata-titled into 76 individual titles of which Abacus owns 63.

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Land area 10,100m [2]
Lettable area 4,628m [2]
Valuation date November 2011
0-5 5-10 10-15 15-20 $20m+
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hamilton Central

31 ruakura road, Hamilton

the property is a purpose built storage facility, located on a main arterial route on the northern side of the Hamilton CbD, adjacent to the University and other educational facilities.

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abacus property group storage new zealand

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Land area 9,011m [2]
Lettable area 5,128m [2]
Valuation date November 2011
0-5 5-10 10-15 15-20 $20m+
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Christchurch Ferrymead

980 Ferry road, Ferrymead

Located on a principal traffic route in Christchurch, this purpose-built facility is also handily located to the port of Lyttelton. Completed in five stages from 1997 to 2004, the facility includes an office and residence.

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Land area 10,120m [2]
Lettable area 4,323m [2]
Valuation date June 2012
0-5 5-10 10-15 15-20 $20m+
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Christchurch Riccarton

444 blenheim road, riccarton

Located in a prominent position six kilometres west of the Christchurch CbD, this facility comprises purpose-built low-rise storage buildings, a converted warehouse building and a two level office and accommodation block.

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Land area 5,725m [2]
Lettable area 2,900m [2]
Valuation date November 2011
0-5 5-10 10-15 15-20 $20m+
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dunedin Portobello

Cnr portobello road and portsmouth Drive, Dunedin

this purpose-built facility with office and residence occupies a prominent corner position three kilometres from the centre of Dunedin. this property is leasehold. the lease has perpetual rights of renewal for 21 year terms.

29 properties

abacus property group minority

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Ownership interest 25%
Cap rate 8.75%
Valuation date Dec 2010
Aquisition date June 2011
Site area 601m [2]
Net lettable area 6,622m [2]
Occupancy 96%
WALE by income 2.1 years
Rent review
Fixed
structure
Major tenants
Chandler McLeod, toll Holdings
by income
Parking spaces 31
0 - 20 20 - 30 30 - 40 40 - 50 50 - 60
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	Ownership interest 25%	Ownership interest 25%	Ownership interest 25%	Ownership interest 25%	Ownership interest 25%
	Cap rate 8.50%
	Valuation date September 2011
	Aquisition date November 2011
	Site area 4,576m2
	Net lettable area 20,366m2
	Occupancy 98%
	WALE by income 2.4 years
	Rent review structure Fixed
	Major tenants by income Australand, McDermott Australia, Symbion pathology
	Parking spaces 224
	0 - 20	20 - 30	30 - 40	40 - 50	50 - 60

32 Walker Street

North Sydney, NSW

this modern A grade property is located in a prime position in the North Sydney office market opposite North Sydney train station and adjacent to Greenwood plaza. the property boasts panoramic harbour and city views from all levels while delivering excellent natural light. the acquisition provides a strong risk adjusted counter-cyclical opportunity.

this property has a 3 star NAberS rating.

484 St Kilda Rd

St kilda, Melbourne, VIC

the building is an A grade commercial office building providing high quality accommodation, comprising ground level retail, 15 upper levels of office space and two levels of basement car parks. the building is one of the best commercial buildings in St kilda road and in Melbourne’s broader city fringe precinct. the property is located on a prominent corner site providing excellent natural daylight to all floors and provides unobstructed views across Albert park Lake and to port phillip bay.

this property has a 3.5 star NAberS rating.

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abacus property group minority

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Ownership interest 25%
Cap rate 8.00%
Valuation date May 2011
Aquisition date July 2011
Site area 846m [2]
Net lettable area 9,317m [2]
Occupancy 44%
WALE by income 2.8 years
Rent review
Fixed and CpI
structure
Major tenants
NIb, CbA, CUA and priceline
by income
Parking spaces None
0 - 20 20 - 30 30 - 40 40 - 50 50 - 60
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Ownership interest 33%
Cap rate 8.50%
Valuation date December 2010
Aquisition date April 2006
Site area 19,430m [2]
Net lettable area 11,296m [2]
Occupancy 63%
WALE by income 9.4 years
Rent review
Fixed and CpI
structure
Major tenants
Coles and pattons Fresh
by income
Parking spaces 430
0 - 20 20 - 30 30 - 40 40 - 50 50 - 60
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309 george Street

Sydney, NSW

this property comprises a 15 storey retail and commercial building with net lettable area of 9,357m2. It is located in the prime core precinct of the Sydney CbD and is in the heart of one of Sydney’s busiest retail strips, being adjacent to Wynyard railway station with a 30m wide frontage to George. the commercial office component presents an opportunity to upgrade and capture rental reversion by re-leasing. the building is located in a part of the CbD which is anticipated to undergo significant regeneration in the short to medium term.

Aspley Shopping Centre Aspley, QLD

the property encompasses an enclosed two level neighbourhood shopping centre which originally commenced trading during 1972 and was comprehensively redeveloped in 2008. the centre is located approximately 12 kilometres north of brisbane’s CbD. It incorporates a Coles supermarket as the major tenant in addition to 25 specialty shops, two freestanding child care centres, a gym and an upper level accommodating medical tenancies. basement level car parking facilities are provided for approximately 430 vehicles

31 properties

abacus property group small properties

Additional Small Properties

NSW | QLD | VIC

Abacus collected a portfolio of small properties with value add potential to contribute when appropriate to its ADIF II management fund. Abacus is now working through the portfolio looking to realise mature assets.

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NET BOOK
PROPERTY STATE SECTOR LETTABLE VALUE
AREA m [2] $ MILLION
----- End of picture text -----

PROPERTY	STATE	SECTOR	NET LETTABLE AREA m2	BOOK VALUE $ MILLION
8 Station Street, Wollongong	NSW	offce	3,821
8 Sylvania Way, Lisarow	NSW	Industrial	9,933
Ocean Drive Mudjimba	QLD	other	N/A
1 Orielton Road, Smeaton Grange	NSW	Industrial	7,624
155-167 Miller St, North Sydney	NSW	Carpark	N/A
Italian Forum Car park, 23 Norton St	NSW	Carpark	N/A
77-79 Bourke St Alexandria	NSW	Industrial	214
TOTAL				40

32 property book 12

abacus property group notes

www.abacusproperty.com.au

33 properties

abacus property group notes

www.abacusproperty.com.au

34 property book 12

abacus property group notes

www.abacusproperty.com.au

ABACuS PROPERTy gROuP

Level 34 Australia Square 264-278 George Street Sydney NSW 2000

t +61 2 9253 8600 F +61 2 9253 8616

e enquiries@abacusproperty.com.au

www.abacusproperty.com.au

35 properties

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ABACuS PROPERTy gROuP
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Level 34 Australia Square 264-278 George Street Sydney NSW 2000 t +61 2 9253 8600 F +61 2 9253 8616 e enquiries@abacusproperty.com.au www.abacusproperty.com.au

www.abacusproperty.com.au