CENTURIA OFFICE REIT — Interim / Quarterly Report 2016

Feb 18, 2016

Centuria Metropolitan REIT

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203 PACIFIC HIGHWAY, ST LEONARDS NSW
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1H16 Property Compendium

ASX:CMA

Overview

Key Portfolio Metrics

Top 10 Tenants (by gross income)

Metric	Total
Assets	13
Book Value	$379.2m
Capitalisation rate	8.15%
Net Lettable Area (NLA)	112,822
Occupancy (by NLA)	97.3%
WALE (by NLA)	4.8

Rank		Tenant		% of total income
1		Austar Entertainment Pty Limited		10.9%
2		Bluescope Steel Limited		8.6%
3		Minister for Infrastructure		6.1%
4		Cochlear Ltd		5.6%
5		Minister for Transport &		4.4%
		Infrastructure
6		CSC Australia		4.4%
7		Royal District NursingService		3.7%
8		Primary Health Care		3.1%
9		Cardno		3.0%
10		Verizon Australia Pty Ltd		2.7%

Portfolio Overview

Portfolio Overview
Property	State	Dec 15		Cap	NLA	$ / Sqm	WALE1	Occupancy1
		Valuation		rate	(sqm)		(years)
Offce
9 Help Street, Chatswood	NSW	52.0		7.75%	9,401	5,531	2.5	93.8%
60 Marcus Clarke, Canberra	ACT	49.2		8.25%	12,215	4,028	3.3	90.0%
35 Robina Town Centre Drive,	QLD	47.3		7.75%	9,814	4,820	7.8	100.0%
Robina
203 Pacifc Highway, St Leonards2	NSW	43.5		7.75%	11,737	3,706	4.9	100.0%
555 Coronation Drive, Brisbane	QLD	33.8		8.50%	5,591	6,045	3.0	100.0%
1 Richmond Road, Keswick	SA	25.2		9.50%	8,135	3,098	3.0	100.0%
3 Carlingford Road, Epping	NSW	25.0		6.75%	4,702	5,317	2.9	96.8%
131-139 Grenfell Street, Adelaide3	SA	20.4		9.00%	4,052	5,035	3.9	100.0%
54 Marcus Clarke, Canberra	ACT	14.8		9.75%	5,161	2,868	2.7	80.2%
44 Hampden Road, Artarmon	NSW	8.0		8.50%	2,339	3,399	2.5	95.3%
Industrial
149 Kerry Road, Archerfeld	QLD	23.6		7.50%	13,774	1,713	9.0	100.0%
14 Mars Road, Lane Cove	NSW	19.3		9.00%	10,601	1,821	6.0	100.0%
13 Ferndell Street, Granville	NSW	17.1		8.00%	15,301	1,118	4.3	100.0%
Total / weighted average		379.2		8.15%	112,822	3,361	4.8	97.3%

Notes: (1) by area.

(2) 50% interest

(3) Levels 5 - 9.

CENTURIA METROPOLITAN REIT I 1H16 PROPERTY COMPENDIUM

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Portfolio Diversification

Geographic diversification (by value)

Sector diversification (by value)

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12%
17%
43%
28%
NSW QLD ACT SA
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16%
84%
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Industrial
Office
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Weighted average lease expiry (by area)

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70%
64.1%
60%
50%
40%
30%
20%
15.0%
9.2%
10%
5.9%
2.7% 3.1%
0%
Vacant FY16 FY17 FY18 FY19 FY20+
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CENTURIA METROPOLITAN REIT I 1H16 PROPERTY COMPENDIUM

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BRISBANE

Centuria Metropolitan REIT

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PERTH
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WA
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DARWIN
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NT
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QLD
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SA
NSW
ACT SYDNEY
ADELAIDE VIC CANBERRA
MELBOURNE
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TAS
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Sydney

4

1

2

3

6

5 25km 20km 15km 10km 5km radius radius radius radius radius

Each circle represents 5km radius from the CBD area

New South Wales Portfolio

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|||
|---|---|
|1|9 Help St, Chatswood, NSW|
|2|44 Hampden Road, Artarmon, NSW|
|3|14 Mars Road, Lane Cove, NSW|
|4|3 Carlingford Road, Epping, NSW|
|5|13 Ferndell St, Granville, NSW|
|6|ghway, St Leonards, NSW|
|203 Pacific Hi|

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CENTURIA METROPOLITAN REIT I 1H16 PROPERTY COMPENDIUM

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9 Help Street Chatswood, NSW

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Description

9 Help Street, Chatswood is a modern, recently refurbished office building located in the core of the Chatswood CBD with a 4.5 star NABERS energy rating. It comprises a ground floor entry, eight levels of office accommodation and three levels of basement parking for 142 vehicles.

Location

The Property is prominently located in the northern Sydney suburb of Chatswood, approximately 10 kilometres from the Sydney CBD. It is in close proximity to an array of facilities, including two superregional shopping centres (Westfield Chatswood and Chatswood Chase) as well as the Mandarin Centre, the Retail/Transport interchange at Chatswood Railway Station, and the recently refurbished Chatswood retail shopping strip on Victoria Avenue.

Asset summary

Asset summary
Property type	Offce
NABERS energy rating	4.5 stars
Ownership interest	100%
Title	Freehold
Site area	2,448m2
Buildingconstructed	1991
Latest refurbishment	2010
Car park spaces	142
Tenancy summary
Net lettable area (NLA)	9,401m2
Occupancy (by NLA)	94%
WALE (by NLA)	2.5 years

(by area)

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24.2%
25
22.3%
21.6%
20
18.2%
15
2.6%
10
7.6%
6.2%
5
0
Vacant FY16 FY17 FY18 FY19 FY20+
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	Major tenants(by Gross Income)
	CH2M Hill Australia	21%
	Visionstream Australia	11%
	Appen Butler Hill	10%

Valuation summary

Valuation summary
Book value	$52.0m
Most recent independent valuation	$52.0m
Valuation date	31 December 2015
Valuer	Cushman & Wakefeld
External capitalisation rate	7.75%

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3 Carlingford Road Epping, NSW

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Description

3 Carlingford Road, Epping consists of a five level modern office building constructed in circa 1986 with basement and on-grade parking for 74 vehicles.

Location

The Property enjoys a high profile position, located on the south-western corner of Carlingford Road and Rawson Street, with a council car park situated adjacent to the site.

Approximately 800 metres from the M2 Hills Motorway, 3 Carlingford Road has excellent access to and from the Sydney CBD and North Sydney, as well as the western and north-western suburbs. The Epping Railway Station is also situated approximately 250 metres from the Property which also provides additional access to multiple employment and education destinations throughout metropolitan Sydney. This will be further enhanced upon completion of the North West Rail Link, which is anticipated to be completed in the first half on 2019.

Asset summary

Asset summary
Property type	Offce
NABERS energy rating	1 star
Ownership interest	100%
Title	Freehold
Site area	2,229m2
Buildingconstructed	1986
Latest refurbishment	Periodic
Car park spaces	74
Tenancy summary
Net lettable area (NLA)	4,702m2
Occupancy (by NLA)	97%
WALE (by NLA)	2.9 years

Major tenants (by Gross Income)

(by area)

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47.8%
50
40
31.8%
30
20
10 8.2% 9.0%
3.2%
0.0%
0
Vacant FY16 FY17 FY18 FY19 FY20+
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Major tenants(by Gross Income)
Baptist Union of NSW	20%
BDH & Co Pty Ltd	8%
Castletons Accounting	8%

Valuation summary

Valuation summary
Book value	$25.0m
Most recent independent valuation	$25.0m
Valuation date	31 December 2015
Valuer	CBRE
External capitalisation rate	6.75%

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14 Mars Road Lane Cove, NSW

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Description

14 Mars Road, Lane Cove is a two level office/warehouse building with extensive rooftop and undercover parking. The Property originally comprised five attached units, which have since been configured into two tenancies with Cochlear currently occupying approximately 60% of the NLA and a complimentary business Nanosonics, operates out of the remaining 40% of the NLA as a subtenant since November 2014.

Cochlear has occupied the premises since July 1987.

Location

The Property is located on the southern side of Mars Road within the Lane Cove Industrial Precinct approximately 12 kilometres north-west of the Sydney CBD. The precinct is also in close proximity to other office/industrial areas, including Artarmon, St Leonards and North Ryde. The immediate surrounding development is of a similar nature and incorporates large modern industrial premises, smaller strata unit complexes and hi-tech industrial estates.

Asset summary

Asset summary
Property type	Offce/Industrial
NABERS energy rating	N/A
Ownership interest	100%
Title	Freehold
Site area	9,883m2
Buildingconstructed	Mid 1970's
Latest refurbishment	2004 & 2010
Car park spaces	180
Tenancy summary
Net lettable area (NLA)	10,601m2
Occupancy (by NLA)	100%
WALE (by NLA)	6.0 years

(by area)

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100.0%
100
80
60
40
9.0%
20
0.0% 0.0% 0.0% 0.0% 0.0%
0
Vacant FY16 FY17 FY18 FY19 FY20+
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Major tenants(by Gross Income)
Cochlear Ltd	100%
Valuation summary
Book value	$19.3m
Most recent independent valuation	$18.5m
Valuation date	23 September 2014
Valuer	Colliers
External capitalisation rate	9.25%

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13 Ferndell Street Granville, NSW

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Description

The Property comprises an industrial warehouse with an associated office and amenities building totalling 15,301 sqm of lettable area. The amenities and staff building is attached to the warehouse via an undercover walkway which also connects the offices. The remainder of the land consists of hardstand with parking and drivearound truck access.

Location

The Property is located in South Granville which comprises a relatively small industrial pocket with medium to large size industrial properties situated on both sides of Ferndell Street. The location provides B-Double truck access to Woodville Road and the Hume Highway linking the facility with Sydney’s greater ring-road system. The surrounding area is predominately residential.

Asset summary

	Asset summary
	Property type	Industrial
	NABERS energy rating	N/A
	Ownership interest	100%
	Title	Freehold
	Site area	26,740m2
	Buildingconstructed	1960's
	Latest refurbishment	Periodic
	Car park spaces	Multiple parkingbays
	Tenancy summary
	Net lettable area (NLA)	15,301m2
	Occupancy (by NLA)	100%
	WALE (by NLA)	4.3 years

(by area)

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100.0%
100
80
60
40
9.0%
20
0.0% 0.0% 0.0% 0.0% 0.0%
0
Vacant FY16 FY17 FY18 FY19 FY20+
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Major tenants(by Gross Income)
BlueScope Steel	100%
Valuation summary
Book value	$17.1m
Most recent independent valuation	$16.4m
Valuation date	23 September 2014
Valuer	DTZ
External capitalisation rate	8.25%

CENTURIA METROPOLITAN REIT I 1H16 PROPERTY COMPENDIUM

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44 Hampden Road Artarmon, NSW

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Description

The Property comprises a four storey office building incorporating four ground floor retail tenancies, three upper levels of office accommodation and four split levels of secure parking for 60 vehicles along with 11 unsecured external spaces to the rear of the building.

Location

Artarmon is located approximately 9 kilometres north of the Sydney CBD between the suburbs of St Leonards and Chatswood. The Property is on the western side of Hampden Road at its junction with Jersey Road in the heart of Artarmon. The Artarmon Railway Station is located directly opposite the Property.

The major centres of North Sydney and Chatswood are situated approximately 4 kilometres to the south and one kilometre to the north respectively.

Asset summary

Asset summary
Property type	Offce
NABERS energy rating	N/A
Ownership interest	100%
Title	Leasehold
Site area	1,703m2
Buildingconstructed	1992
Latest refurbishment	Periodic
Car park spaces	71

Tenancy summary

Tenancy summary
Net lettable area (NLA)	2,339m2
Occupancy (by NLA)	95%
WALE (by NLA)	2.5 years

(by area)

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30
26.7%
23.2% 23.7%
25
20
15
11.3%
10.4%
10
4.7%
5
0
Vacant FY16 FY17 FY18 FY19 FY20+
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Major tenants(by Gross Income)
The Leukaemia Foundation	18%
First Five Minutes Pty Ltd	16%
Philip Chun & Associates	14%

Valuation summary

Valuation summary
Book value	$8.0m
Most recent independent valuation	$7.3m
Valuation date	23 September 2014
Valuer	DTZ
External capitalisation rate	9.00%

CENTURIA METROPOLITAN REIT I 1H16 PROPERTY COMPENDIUM

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203 Pacific Highway St Leonards, NSW

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Description

203 Pacific Highway, St Leonards consists of a modern, 11 level commercial office building featuring 7 retail tenancies on the ground floor, together with secure basement parking for approximately 150 vehicles. The Property was constructed in 2000 and forms part of the Forum complex incorporating the central plaza area of the development.

Location

The Property is located in the heart of the St Leonards business precinct directly above the entrance to the Railway Station, approximately five kilometres north of the Sydney CBD. The asset is well serviced by public transport and the amenity provided by the retail and food offerings contained within the Forum complex.

Asset summary

Asset summary
Property type	Offce
NABERS energy rating	3 stars
Ownership interest	100%
Title	Leasehold
Site area	4,690m2
Buildingconstructed	2000
Latest refurbishment	2015/2016
Car park spaces	150
Tenancy summary
Net lettable area (NLA)	11,737m2
Occupancy (by NLA)	100%
WALE (by NLA)	4.9 years

Major tenants (by Gross Income)

(by area)

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80
67.0%
70
60
50
40
31.8%
30
20
10
0.0% 0.4% 0.8% 0.0%
0
Vacant FY16 FY17 FY18 FY19 FY20+
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Major tenants(by Gross Income)
Primary Health Care	31%
Cardno	29%
Verizon Australia Pty Ltd	26%

Valuation summary

Valuation summary
Book value	$43.5m
Most recent independent valuation	$43.5m
Valuation date	15 October 2015
Valuer	CBRE
External capitalisation rate	7.75%

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DARWIN
NT
QLD
WA BRISBANE
SA
PERTH NSW
ACT SYDNEY
ADELAIDE VIC CANBERRA
MELBOURNE
TAS
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Centuria Metropolitan REIT

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Brisbane
2
3
1
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Each circle represents 5km radius from the CBD area
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Queensland Portfolio

1 35 Robina Town Centre, Robina, QLD 2 555 Coronation Drive, Brisbane, QLD 3 149 Kerry Road, , QLD Archerfield

CENTURIA METROPOLITAN REIT I 1H16 PROPERTY COMPENDIUM

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35 Robina Town Centre Robina, QLD

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Description

Known as Foxtel HQ, the Property consists of a modern commercial office tower fully occupied by Foxtel, with 6 levels of office accommodation and average floorplates of 1,600 sqm. The Property also contains 268 above and below ground parking spaces.

Location

Located approximately 10 kilometres south-west of Surfers Paradise and approximately 85 kilometres south-east of the Brisbane CBD, Foxtel HQ is positioned directly opposite Robina Town Centre, the third largest shopping centre in Queensland and is located close to Bond University. The property is ideally located in the commercial precinct.

Asset summary

Asset summary
Property type	Offce
NABERS energy rating	2 stars
Ownership interest	100%
Title	Freehold
Site area	6,760m2
Buildingconstructed	2001
Latest refurbishment	2015
Car park spaces	268

Tenancy summary

Tenancy summary
Net lettable area (NLA)	9,814m2
Occupancy (by NLA)	100%
WALE (by NLA)	7.8 years

(by area)

0 20 40 60 80 100						100.0%
		0.0%	0.0%	0.0%	0.0%	0.0%
		Vacant	FY16	FY17	FY18	FY19 FY20+

Major tenants(by Gross Income)
Austar Entertainment Pty Limited (Foxtel)	100%
Valuation summary
Book value	$47.3m
Most recent independent valuation	$46.0m
Valuation date	31 March 2015
Valuer	CBRE
External capitalisation rate	7.75%

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555 Coronation Drive Brisbane, QLD

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Description

555 Coronation Drive, Brisbane is a prominent three storey office building featuring two and a half levels of basement parking for 175 vehicles. Constructed in 1990 and progressively refurbished over the last four and a half years, the building contains open floor plates of approximately 2,000 sqm with good natural light and river views.

Location

The Property is located in the Brisbane suburb of Toowong three kilometres south-west of the Brisbane CBD in an established near city precinct well serviced by bus, rail, river ferry and road transport. Toowong houses many national headquarters for engineering, information technology, mining and communications companies. Coronation Drive is a major vehicular carriageway connecting the western suburbs with Brisbane CBD. Toowong Village shopping centre and railway station are also located within 200 metres of the Property.

Asset summary

	Asset summary
	Property type	Offce
	NABERS energy rating	4 stars
	Ownership interest	100%
	Title	Freehold
	Site area	3,104m2
	Buildingconstructed	1990
	Latest refurbishment	Over the last 4.5 years
	Car park spaces	175
	Tenancy summary
	Net lettable area (NLA)	5,591m2
	Occupancy (by NLA)	100%
	WALE (by NLA)	3.0

Major tenants (by Gross Income)

(by area)

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80
64.5%
70
60
50
40
30
20 15.9% 19.5%
10
0.0% 0.0% 0.0%
0
Vacant FY16 FY17 FY18 FY19 FY20+
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Major tenants(by Gross Income)
CSC Australia	46%
Advisian Pty Ltd (Worsley Parsons)	21%
Chandler Macleod Services	18%

Valuation summary

Valuation summary
Book value	$33.8m
Most recent independent valuation	$33.8m
Valuation date	23 September 2014
Valuer	DTZ
External capitalisation rate	8.75%

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149 Kerry Road Archerfield, QLD

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Description

149 Kerry Road, Archerfield is a large manufacturing and storage facility with an attached single level office building, several demountable buildings, a workshop and large areas of hardstand and truck manoeuvring areas. The main facility was purpose built for BlueScope Steel (previously John Lysaght Australia) in 1991 and is in good condition.

Location

The Property is located in the centre of the Archerfield Industrial precinct, approximately 13 kilometres south of the Brisbane CBD. This precinct is at the junction of Ipswich, Beaudesert and Granard Roads all of which are major southside arterial roads. Beaudesert and Ipswich Roads continue south and west respectively to join the Logan Motorway and interstate Mt Lindesay and Cunningham Highways. Kerry Road is the main access point to the Acacia Ridge rail marshalling yards which is the main interchange junction for narrow and standard gauge rail changeover.

Asset summary

Asset summary
Property type	Industrial
NABERS energy rating	N/A
Ownership interest	100%
Title	Freehold
Site area	44,340m2
Buildingconstructed	1991
Latest refurbishment	Periodic
Car park spaces	Multiple parkingbays

Tenancy summary

Tenancy summary
Net lettable area (NLA)	13,774m2
Occupancy (by NLA)	100%
WALE (by NLA)	9.0 years

Major tenants (by Gross Income)

(by area)

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100.0%
100
80
60
40
20
0.0% 0.0% 0.0% 0.0% 0.0%
0
Vacant FY16 FY17 FY18 FY19 FY20+
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Major tenants(by Gross Income)
BlueScope Steel	100%
Valuation summary
Book value	$23.6m
Most recent independent valuation	$22.2m
Valuation date	23 September 2014
Valuer	DTZ
External capitalisation rate	8.00%

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Centuria Metropolitan REIT

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DARWIN
NT
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NT
QLD
WA BRISBANE
SA
PERTH NSW
ACT SYDNEY
ADELAIDE VIC CANBERRA
MELBOURNE
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TAS
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Canberra

1

2

1km radius

Australian Capital Territory Portfolio

1 60 Marcus Clarke Street, Canberra, ACT 2 54 Marcus Clarke Street, Canberra, ACT

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60 Marcus Clarke Street Canberra, ACT

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Description

Also known as the “St George Bank Building”, 60 Marcus Clarke Street comprises a 13 level, multi-tenanted commercial office property featuring a ground floor foyer including 5 retail tenancies and a combination of basement and deck car parking for approximately 133 spaces. An extensive capital expenditure programme has been completed in recent years, which involved a lift upgrade and major air conditioning plant replacement.

Location

The Property is adjacent to 54 Marcus Clarke Street and located directly opposite the Australian National University and within walking distance to three major Federal Government headquarters including the Department of Education, Australian Taxation Office and Department of Infrastructure making the precinct desirable for tenants servicing these organisations.

Asset summary

Asset summary
Property type	Offce
NABERS energy rating	3.5 stars
Ownership interest	100%
Title	Leasehold
Site area	3,847m2
Buildingconstructed	1988
Latest refurbishment	2015
Car park spaces	133
Tenancy summary
Net lettable area (NLA)	12,215m2
Occupancy (by NLA)	90%
WALE (by NLA)	3.3 years

Major tenants (by Gross Income)

(by area)

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50
45.3%
40
30
20.8%
20
10 10.0% 10.1% 8.4%
5.4%
0
Vacant FY16 FY17 FY18 FY19 FY20+
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Major tenants(by Gross Income)
St George Bank	13%
Aecom Australia	12%
Duesbury Nexia	8%

Valuation summary

Valuation summary
Book value	$49.2m
Most recent independent valuation	$49.1m
Valuation date	31 March 2015
Valuer	Savills
External capitalisation rate	8.35%

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54 Marcus Clarke Street Canberra, ACT

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Description

54 Marcus Clarke Street is a multi-tenanted building located in the Western Core of Canberra’s CBD including nine levels of office accommodation, ground floor retail, a two–storey podium to Rudd Street and one level of basement car parking. Recent major capital expenditure works have included lift and chiller upgrades together with refurbishments to some common area amenities.

Location

The Property is adjacent to 60 Marcus Clarke Street and located directly opposite the Australian National University and within walking distance to three major Federal Government headquarters including the Department of Education, Australian Taxation Office and Department of Infrastructure making the precinct desirable for tenants servicing these organisations.

Asset summary

Asset summary
Property type	Offce
NABERS energy rating	3 stars
Ownership interest	100%
Title	Leasehold
Site area	1,667m2
Buildingconstructed	1986
Latest refurbishment	2015
Car park spaces	48
Tenancy summary
Net lettable area (NLA)	5,161m2
Occupancy (by NLA)	80%
WALE (by NLA)	2.7 years

(by area)

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40
37.4%
35
30
25
21.4%
19.8%
20
15
10.9% 10.5%
10
5
0.0%
0
Vacant FY16 FY17 FY18 FY19 FY20+
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Major tenants(by Gross Income)
APM	11%
Clarity Financial Group	10%
SHL Developments	9%

Valuation summary

Valuation summary
Book value	$14.8m
Most recent independent valuation	$14.2m
Valuation date	31 March 2015
Valuer	Savills
External capitalisation rate	10.00%

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Centuria Metropolitan REIT

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DARWIN
NT
QLD
WA BRISBANE
SA
PERTH NSW
ACT SYDNEY
ADELAIDE VIC CANBERRA
MELBOURNE
TAS
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Adelaide
2
5km
radius
1
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Each circle represents 5km radius from the CBD area

South Australia Portfolio

1 2	1 Richmond Road, Keswick, SA 131-139 Grenfell Street, Adelaide, SA

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1 Richmond Road Keswick, SA

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Description

1 Richmond Road, Keswick is a five level office building located approximately 3.5 kilometres south-west of the Adelaide CBD featuring on-grade parking for 326 vehicles.

Location

The Property is prominently located on one of Adelaide’s main arterial roads approximately 3.5 kilometres south-west of Adelaide’s CBD and is within proximity to the established office precincts of Greenhill Road and the Adelaide CBD.

Asset summary

Asset summary
Property type	Offce
NABERS energy rating	3 stars
Ownership interest	100%
Title	Freehold
Site area	19,310m2
Buildingconstructed	1985
Latest refurbishment	2011
Car park spaces	326
Tenancy summary
Net lettable area (NLA)	8,135m2
Occupancy (by NLA)	100%
WALE (by NLA)	3.0

Major tenants (by Gross Income)

(by area)

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58.0%
60
50
42.0%
40
30
20
10
0.0% 0.0% 0.0% 0.0%
0
Vacant FY16 FY17 FY18 FY19 FY20+
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Major tenants(by Gross Income)
Minister for Transport & Infrastructure	54%
Royal District NursingService	46%

Valuation summary

Valuation summary
Book value	$25.2m
Most recent independent valuation	$25.2m
Valuation date	23 September 2014
Valuer	JLL
External capitalisation rate	10.00%

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131-139 Grenfell Street Adelaide, SA

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Description

Built in 2009, the Property comprises 5 levels of high quality office space together with 10 secure car parks contained within a strata titled mixed use development known as “Conservatory on Hindmarsh”.

Location

131-139 Grenfell Street is located in the core of the Adelaide CBD and within walking distance to Rundle Mall, Rundle Street and overlooking the amenity provided by Hindmarsh Square. The Property is ideally located for both private sector and government tenants.

Asset summary

Asset summary
Property type	Offce
NABERS energy rating	4.5 stars
Ownership interest	100%
Title	Freehold
Site area	1,253m2
Buildingconstructed	2009
Latest refurbishment	N/A
Car park spaces	10

Tenancy summary

Tenancy summary
Net lettable area (NLA)	4,052m2
Occupancy (by NLA)	100%
WALE (by NLA)	3.9 years

Major tenants (by Gross Income)

(by area)

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100.0%
100
80
60
40
20
0.0% 0.0% 0.0% 0.0% 0.0%
0
Vacant FY16 FY17 FY18 FY19 FY20+
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Major tenants(by Gross Income)
Minister for Infrastructure	100%
Valuation summary
Book value	$20.4m
Most recent independent valuation	$20.0m
Valuation date	31 March 2015
Valuer	Savills
External capitalisation rate	9.00%

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Centuria Metropolitan REIT

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54 MARCUS CLARKE STREET CANBERRA, ACT

Further Information:

Shalome Ruiter Investor Relations +61 2 8923 8962 Nicholas Blake Trust Manager +61 2 8923 8923

www.centuria.com.au/listed-property

CA-CMA2016-01-18-0156

CENTURIA METROPOLITAN REIT I 1H16 PROPERTY COMPENDIUM