CHARTER HALL GROUP

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Charter Hall Property Portfolio

Period ending 30 June 2015

100 Skyring Terrace, Newstead QLD

83 108 111

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138

management $13.6 billion

72 74

Number of properties 276 Occupancy 97.8% Weighted Average Lease Expiry (WALE) 7.9 years Weighted Average Rental Review 3.7%”

Lansell Square, Bendigo VIC

4 / Charter Hall Group

Charter Hall Property Portfolio / 30 June 2015 / 5

Charter Hall Group has grown, since its launch in 1991, to become one of Australia’s leading property groups, with a total property portfolio of $13.6 billion.

As a Group, we listed on the Australian Securities Exchange in 2005 under ASX Code: CHC. Charter Hall Group is a stapled security comprising a share in Charter Hall Limited (CHL), the operating business, and a unit in Charter Hall Property Trust (CHPT), which predominantly invests in the funds and partnerships the Group manages.

We own and manage 276 properties around Australia, including office buildings, supermarket anchored retail centres, hospitality assets and a rapidly growing stable of industrial assets, on behalf of our institutional, wholesale and retail investors.

Our integrated business model, coupled with our highly skilled and motivated team across investment management, asset management, property management, and project delivery produces sustainable returns for our investors, together with positive experiences for our tenants and the community.

Charter Hall Funds Management Platform

As at 30 June 2015

Total Offce 4% 50% 26% 20%
	Offce 50%
	Retail 26%
	Industrial 20%
	Hospitality 4%
	Retail Industrial Hospitality
No. of properties 276 48	95 76 57
NLA (‘000 sqm) 3,989 988	893 1,941 167
Value ($ billion) $13.6 $6.7	$3.5 $2.8 $0.6

Charter Hall Property Investment Portfolio As at 30 June 2015

Total 13% 27% 21%	Offce 39%
		Offce 39%
		Retail 27%
		Industrial 21%
		Hospitality 13%
		Retail Industrial Hospitality

Charter Hall aims to outperform investment benchmarks, achieving high levels of tenant retention and rental growth across 276 assets.

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1
Northern Territory
73
Queensland
38
Western Australia
19
South Australia
78
New South Wales
4
ACT
55
Victoria
8
Tasmania
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New South Wales 78properties Offce Retail Industrial Hospitality 17 40 18 3 South Australia 19properties Offce Retail Industrial Hospitality 4 4 5 6	Tasmania 8properties Offce Retail Industrial Hospitality 1 3 1 3 Queensland 73properties Offce Retail Industrial Hospitality 8 23 22 20	Australian Capital Territory 4properties Offce Retail Industrial Hospitality 1 3 0 0 Western Australia 38properties Offce Retail Industrial Hospitality 8 13 8 9	Victoria 55properties
			Offce Retail Industrial Hospitality 9 9 21 16

			Northern Territory 1property
			Offce Retail Industrial Hospitality 0 0 1 0

6 / Our funds and partnerships

Charter Hall Property Portfolio / 30 June 2015 / 7

Our funds, partnerships & mandates

As at 30 June 2015

Office

Offce Core Plus Offce Fund (CPOF) Assets Gross property assets Look-through gearing Capitalisation rate WALE Occupancy Charter Hall co-investment 17 $2.28 billion 36.1% 7.0% 6.4 years 95.6% $168.6 million (12.8%) Charter Hall Offce Trust (CHOT) Assets Gross property assets Balance sheet gearing Capitalisation rate WALE Occupancy Charter Hall co-investment 15 $2.17 billion 47.5% 7.0% 5.5 years 96.6% $163.9 million (14.3%) Charter Hall Direct Offce Fund (DOF) Assets Gross property assets Balance sheet gearing Capitalisation rate WALE Occupancy Charter Hall co-investment 8 $674 million 31.4% 7.2% 7.8 years 97.2% $38.8 million (9.2%) PFA Diversifed Trust (PFA) Assets Gross property assets Balance sheet gearing Capitalisation Rate WALE Occupancy Charter Hall co-investment 6 $202 million 34.5% 8.9% 5.2 years 98.3% $0.2 million (0.1%) Charter Hall Direct WorkZone Trust (CHIF9) Assets Gross property assets Balance sheet gearing WALE Occupancy 1 $125 million 43.3% 10.2 years 100% Charter Hall Direct VA Trust (CHIF10) Assets Gross property assets Balance sheet gearing WALE Occupancy 1 $70 million 39.8% 10.9 years 100% 144 Stirling Street Trust (CHIF8) Assets Gross property assets Balance sheet gearing WALE Occupancy 1 $58 million 38.0% 4.9 years 100%	Retail Charter Hall Retail REIT (CQR) Listed REIT Assets Gross property assets Look-through gearing Capitalisation rate WALE Occupancy Charter Hall co-investment 73 $2.16 billion 33.6% 7.2% 7.0 years 98.4% $147.1 million (10.7%) Retail Partnership No.1 (RP1) Assets Gross property assets Look-through gearing Capitalisation rate WALE Occupancy 10 $451 million 34.2% 6.8% 11.2 years 99.1% Retail Partnership No.2 (RP2) Assets Gross property assets Balance sheet gearing WALE Occupancy Charter Hall co-investment 1 $200 million 47.6% 3.1 years 96.9% $19.6 million (20.0%) Retail Partnership No.6 (RP6) Assets Gross property assets Balance sheet gearing WALE Occupancy Charter Hall co-investment 1 $137 million 36.6% 4.7 years 98.5% $19.3 million (20.0%) Long WALE Hardware Partnership (LWHP) Assets Gross property assets Balance sheet gearing Capitalisation Rate WALE Occupancy Charter Hall co-investment 16 $576 million 36.1% 6.7% 9.4 years 99.1% $38.5 million (11.8%) Charter Hall Direct BW Trust Assets Gross property assets Balance sheet gearing Capitalisation rate WALE Occupancy 4 $76 million 43.5% 6.6% 9.8 years 100%	Industrial Core Plus Industrial Fund (CPIF) Assets Gross property assets Look-through gearing Capitalisation rate WALE Occupancy Charter Hall co-investment 42 $1.14 billion 5.0% 7.6% 7.2 years 98.3% $74.9 million (7.2%) Core Logistics Partnership (CLP) Assets Gross property assets Balance sheet gearing Capitalisation rate WALE Occupancy Charter Hall co-investment 17 $904 million 26.1% 7.2% 12.2 years 98.3% $95.5 million (14.8%) Direct Industrial Fund No.1 (DIF1) Assets Gross property assets Look-through gearing Capitalisation rate WALE Occupancy 7 $242 million 38.0% 7.3% 10.3 years 100% Direct Industrial Fund No.2 (DIF2) Assets Gross property assets Look-through gearing Capitalisation rate WALE Occupancy 10 $246 million 42.2% 7.4% 13.1 years 100% Direct Industrial Fund No.3 (DIF3) Assets Gross property assets Look-through gearing Capitalisation rate WALE Occupancy Charter Hall co-investment 3 $125 million 0.0% 7.5% 13.2 years 100% $24.6 million (24.3%) Charter Hall Direct CDC Trust (CDC) Assets Gross property assets Balance sheet gearing WALE Occupancy 1 $82 million 45.5% 11.7 years 100%	Hospitality
			Long WALE Investment Partnership (LWIP)
			Assets Gross property assets Balance sheet gearing Capitalisation rate WALE Occupancy Charter Hall co-investment 54 $640 million 54.1% 6.4% 19.3 years 100% $147.7 million (50.0%)
			Long WALE Investment Partnership No.2 (LWIP2)
			Assets Gross property assets Balance sheet gearing Capitalisation rate WALE Occupancy Charter Hall co-investment 3 $31 million 0.0% 6.8% 19.8 years 100% $3.1 million (10.0%)

Note:

This excludes CHOF5 and other 3rd party mandates that cannot be disclosed.

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8 / Office Charter Hall Property Portfolio / 30 June 2015 / 9
Office
Charter Hall head office No.1 Martin Place Sydney NSW
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Charter Hall Property Portfolio / 30 June 2015 / 11

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10 / Office / Core Plus Office Fund
9 Castlereagh Street, Sydney NSW
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Core Plus Office Fund

Charter Hall’s Core Plus Office Fund (CPOF) is the Group’s largest wholesale pooled fund. Launched in 2006, the Fund targets the office property sector in the major capital city markets of Australia.

Top 10 tenants

By gross income

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18% Government
12% Telstra Corporation
9% Westpac Group
5% BankWest
5% Bupa
5% University of Western Sydney
3% Queensland Gas Company
3% Suncorp Metway
2% Bank of Queensland
2% Jackson McDonald
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Annual lease expiry

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Gross Income
4% Vacant [1]
3% FY16
9% FY17
19% FY18
14% FY19
4% FY20
7% FY21
2% FY22
1% FY23
37% FY24+
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Note:

Core assets excluding recent development at 570 Bourke Street.

12 / Office / Core Plus Office Fund

Charter Hall Property Portfolio / 30 June 2015 / 13

Fund Statistics

Asset diversification

By current value

Asset diversifcation By current value
570 Bourke Street, Melbourne VIC	13%
11 Exhibition Street, Melbourne VIC	9%
9 Castlereagh Street, Sydney NSW	9%
275 George Street, Brisbane QLD	8%
225 St Georges Terrace, Perth WA	8%
69 Ann Street, Brisbane QLD	7%
BankWest Place, Perth WA	7%
Brisbane Square, Brisbane QLD	6%
331-333 George Street, Sydney NSW	6%
ATO, 12-26 Franklin Street, Adelaide SA	5%
169 Macquarie Street, Paramatta NSW	5%
167 Macquarie Street, Sydney NSW	4%
100 Skyring Terrace, Newstead QLD	4%
4-16 Montgomery Street, Kogarah NSW	4%
109 St Georges Terrace, Perth WA	4%
97 King William Street, Adelaide SA	1%
GPO and sites, Adelaide SA	1%

Tenant type diversification

By gross income

4% 18%	78%	78%

National and international	78%
Government and government related 18%
Other 4%
Geographical diversifcation By current value
7% 18% 27%		26% 22%
Queensland		26%
Victoria		22%
New South Wales		27%
Western Australia		18%
South Australia		7%

Weighted average core lease expiry (years)

By gross income


						169 Macquarie Street, Parramatta NSW 15.0

					ATO, 12-26 Franklin Street, Adelaide SA 11.8

			10.8 100 SkyRing Terrace, Brisbane QLD

			BankWest Place, Perth WA 7.6

			Brisbane Square, Brisbane QLD 7.0

		6.3		97 King William Street, Adelaide SA

		5.9		11 Exhibition Street, Melbourne VIC

	4.8			167 Macquarie Street, Sydney NSW

	4.1			275 George Street, Brisbane QLD

	3.8			225 St Georges Terrace, Perth WA

	3.7			69 Ann Street, Brisbane QLD

	3.3			9 Castlereagh Street, Sydney NSW

2.2				109 St Georges Terrace, Perth WA
6.4				WALE1

Note: 1. Includes signed heads of agreement. Excludes attribution of 333 George Street and recently completed 570 Bourke Street development.

14 / Office / Core Plus Office Fund

Property Portfolio

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June 2015 Capitalisation Rate 6.96% June 2015 Discount Rate 8.40%”

	CPOF	June 2015	WALE3	Weighted avg
	ownership (%)	valuation (A$M)	(years)	rent reviews (%)
570 Bourke Street, Melbourne VIC	100%	289.9	1.8	3.6%
11 Exhibition Street, Melbourne VIC	100%	208.4	5.9	4.0%
275 George Street, Brisbane QLD	50%	192.6	4.1	4.5%
9 Castlereagh Street, Sydney NSW	100%	197.0	3.3	4.1%
225 St Georges Terrace, Perth WA	100%	181.1	3.8	3.7%
69 Ann Street, Brisbane QLD	100%	168.9	3.7	4.4%
BankWest Place, Perth WA	33%	160.8	7.6	4.1%
Brisbane Square, Brisbane QLD	33%	146.7	7.0	3.4%
ATO, 12–26 Franklin Street, Adelaide SA	50%	116.3	11.8	3.7%
GPO and sites, Adelaide SA	50%	12.0	0.0	0.0%
4-16 Montgomery Street, Kogarah NSW1	50%	82.1	19.3	CPI
331-333 George Street, Sydney NSW	100%	130.1	2.6	4.0%
169 Macquarie Street, Parramatta NSW2	50%	110.3	15.0	3.8%
167 Macquarie Street, Sydney NSW	100%	94.0	4.8	3.9%
109 St Georges Terrace, Perth WA	100%	80.0	2.2	3.6%
100 Skyring Terrace, Newstead QLD	50%	87.0	10.8	3.9%
97 King William Street, Adelaide SA	100%	20.3	6.3	2.0%
Total/Weighted average		2,277.6	6.4	3.9%

Note:

Valuation includes lessor works outstanding.
Forecast completion value.

570 Bourke Street, Melbourne VIC

Includes signed heads of agreement. Excludes attribution of 333 George Street and recently completed 570 Bourke Street development.

16 / Office / Core Plus Office Fund

Charter Hall Property Portfolio / 30 June 2015 / 17

333 George Street Sydney NSW (under development)

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Artist’s Impression
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Located on one of Sydney’s most prominent corners at George Street and Martin Place, this contemporary A-grade workspace will offer 15 floors of officespace over 12,453sqm and 2,048sqm of prime retail over three levels.

The property is currently undergoing a total redevelopment including the demolition of the existing buildings at 331 and 333 George Street and the construction of a new striking transparent building which offers a vertically connected environment and a unique outdoor workspace with five levels of cascading rooftop terraces.

Summary

Summary
Year built (Forecast completion)	2016
Grade	A
Ownership	100%
Total NLA (sqm)	14,501
Typical foor plate (sqm)	980
Car spaces	17

9 Castlereagh Street Sydney NSW (core)

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Completed in 1989, 9 Castlereagh Street is a unique, Harry Seidler designed landmark office tower. The property has 31 upper office levels, ground floor retail incorporating a café and childcare facility and basement car parking for 79 vehicles.

Summary

Summary
Year built (or refurbished)		1989
Grade		A
Ownership		100%
Total NLA (sqm)		20,880
Typical foor plate (sqm)		760
Car spaces		79
Valuation (30 June 2015)
Valuation		$197.0 million
Value ($/sqm)		$9,435
Last external valuation date		30 June 2015
Valuer		CBRE
Tenancy statistics
WALE (by income)		3.3 years
Occupancy		97.0%
Major tenants		NLA (sqm)
Compass		1,485
Talent 2		1,339
The Myer Family		710

167 Macquarie Street Sydney NSW (core)

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Located in the prestigious financial core of Sydney’s CBD, Macquarie House is a refurbished A-grade office tower offering spectacular views across the Royal Botanic Gardens and Sydney Harbour.

The building spans 19 levels including two ground level retail tenancies.

Summary

Summary
Year built (or refurbished)		1970 (2005)
Grade		A
Ownership		100%
Total NLA (sqm)		9,762
Typical foor plate (sqm)		780
Car spaces		78
Valuation (30 June 2015)
Valuation		$94.0 million
Value ($/sqm)		$9,629
Last external valuation date		30 June 2015
Valuer		m3 Property
Tenancy statistics
WALE (by income)		4.8 years
Occupancy		100%
Major tenants		NLA (sqm)
Gresham Partners		2,364
Fidelity		2,364

WSU

1 Parramatta Square, Parramatta NSW (core)

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Artist’s Impression Artist’s Impression
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The proposed development ‘on completion’ will comprise a 14-level A-grade office tower apportioned between eight levels of Campus space (Levels 1-8) and six levels of commercial space (levels 9-14) with ground floor retail and two levels of basement parking (80 spaces). The development will be located to the south western corner of Macquarie and Smith street approximately 150m north of Parramatta transport interchange. Demolition of the council car park to the rear of the site is well advanced whilst the new building is expected to be completed by 1 February 2017.

Summary

Summary
Year built (forecast completion)		2017
Grade		A
Ownership		50%
Total NLA (sqm)		25,876
Typical foor plate (sqm)		1,400
Car spaces		80
Valuation (31 December 2014)
Valuation1		$110.3 million
Value ($/sqm)		$8,337
Last external valuation date		5 December 2014
Valuer		Knight Frank
Tenancy statistics
WALE (by income)		15 years
Occupancy		100%
Major tenant		NLA (sqm)
Western Sydney University		25,876

Note:

Valuation reflects completion value (CPOF share).

18 / Office / Core Plus Office Fund

Charter Hall Property Portfolio / 30 June 2015 / 19

St George Bank

4-16 Montgomery Street, Kogarah NSW

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An A-grade commercial building which provides office accomodation over ground, lower ground and four upper levels. Car parking for 597 spaces. Located at Kogarah, an established residential suburb in Sydney’s south, some 14 kilometres south of the Sydney CBD.

Summary

Summary
Year built (or refurbished)		1990 (2016)
Grade		A
Ownership		50%
Total NLA (sqm)		31,724
Typical foor plate (sqm)		4,000
Car spaces		597
Valuation (30 June 2015)
Valuation (49.9%)1		$81.1 million
Value ($/sqm)		$5,176
Last external valuation date		30 June 2015
Valuer		Directors
Tenancy statistics
WALE (by income)		19.3 years
Occupancy		100%
Major tenant
Westpac		31,724

11-33 Exhibition Street Melbourne VIC (core)

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The property is located in the eastern precinct of Melbourne’s CBD, which is recognised as the traditional premium financial precinct and also known as the “Paris-end” of Melbourne CBD. Constructed in 2005, 11 Exhibition Street is a 17 level A-grade commercial building which comprises 21,544sqm of office area, 1,292sqm of retail area and 340 car bays including a public carpark.

Summary

Summary
Year built (or refurbished)		2005
Grade		A
Ownership		100%
Total NLA (sqm)		22,836
Typical foor plate (sqm)		1,700
Car spaces		340
Valuation (31 December 2014)
Valuation		$208.4 million
Value ($/sqm)		$9,124
Last external valuation date		31 December 2014
Valuer		Jones Lang LaSalle
Tenancy statistics
WALE (by income)		5.9 years
Occupancy		100%
Major tenants		NLA (sqm)
Bupa		12,084
Fair Work Australia (Commonwealth of Australia) 9,797

570 Bourke Street

Brisbane Square Brisbane QLD (core)

Melbourne VIC (core)

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A 31 level A grade office tower with 455 car bays which is located in the legal and financial precinct of Melbourne’s CBD. The building has undergone a progressive refurbishment program with the façade reclad in the late 1990s and the building entrance and foyer upgraded in 2003. CPOF acquired the 50% balance of the asset from our joint owner, Perron, in October 2010. The redevelopment results in a 16,132 sqm expansion of levels 2 to 11 plus an upgrade of the lobby and retail areas.

Located within the Brisbane CBD at the top of the Queen Street Mall, Brisbane Square is an iconic office building located in the heart of the government and legal precincts along George Street. The property comprises premium office space over 38 levels, ground floor retail and parking over three basement levels.

Summary

Summary		Summary
Year built (or refurbished)	1972 (2015)	Year built (or refurbished)
Grade	A	Grade
Ownership	100%	Ownership
Total NLA (sqm)	50,792	Total NLA (sqm)
Typical foor plate (sqm)	1,693	Typical foor plate (sqm)
Car spaces	455	Car spaces
Valuation (30 June 2015)		Valuation (31 March 2015)
Valuation	$289.9 million	Valuation
Value ($/sqm)	$6,052	Value ($/sqm)
Last external valuation date	30 June 2015	Last external valuation date
Valuer	m3 Property	Valuer
Major tenants	NLA (sqm)	Tenancy statistics
State Government	11,806	WALE (by income)
Secure Parking	455 bays	Occupancy

Summary
Year built (or refurbished)		2006
Grade		A
Ownership		33%
Total NLA (sqm)		58,533
Typical foor plate (sqm)		1,420
Car spaces		341
Valuation (31 March 2015)
Valuation		$146.7 million
Value ($/sqm)		$7,666
Last external valuation date		31 March 2015
Valuer		Jones Lang Lasalle
Tenancy statistics
WALE (by income)		7.0 years
Occupancy		100%
Major tenants		NLA (sqm)
Brisbane City Council		34,598
Suncorp		23,527

Note:

Valuation includes outstanding lessor works. Post completion of the works the value is $92.6m

20 / Office / Core Plus Office Fund

Charter Hall Property Portfolio / 30 June 2015 / 21

275 George Street Brisbane QLD (core)

Northbank Plaza

69 Ann Street, Brisbane QLD (core)

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Comprising more than 40,000sqm of A-grade office and retail space over 30 levels, this state-of-the-art energy efficient building is located in the heart of the Brisbane CBD. With a 5 star NABERS Energy rating and a 5 star Green Star rating, the building offers sweeping 360 degree views of the Brisbane River and city scape. CPOF holds a 50% stake with the Singaporean listed Keppel REIT.

Located within the Brisbane CBD, Northbank Plaza has been comprehensively refurbished and repositioned with A-grade services. The majority of floors feature expansive river, mountain and CBD views.

Summary

Summary		Summary
Year built (or refurbished)	2009	Year built (or refurbished)	2008
Grade	A	Grade	A
Ownership	50%	Ownership	100%
Total NLA (sqm)	41,748	Total NLA (sqm)	26,742
Typical foor plate (sqm)	1,302	Typical foor plate (sqm)	1,200
Car spaces	242	Car spaces	168
Valuation (31 December 2014)		Valuation (30 June 2015)
Valuation	$192.6 million	Valuation	$168.9 million
Value ($/sqm)	$9,227	Value ($/sqm)	$5,983
Last external valuation date	31 December 2014	Last external valuation date	30 June 2015
Valuer	CBRE	Valuer	Directors
Tenancy statistics		Tenancy statistics
WALE (by income)	4.1 years	WALE (by income)	3.7 years
Occupancy	100%	Occupancy	90%
Major tenants	NLA (sqm)	Major tenants	NLA (sqm)
Telstra Corporation Ltd	28,836	Telstra Corporation Ltd	14,295
Queensland Gas Company	11,652	Parsons Brinckerhoff	3,463
		RemServ	3,351

100 Skyring Terrace Brisbane QLD (core)

ATO

16-26 Franklin Street, Adelaide SA

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100 Skyring Terrace is located in the heart of Brisbane’s thriving Gasworks precinct, Newstead - a flourishing business and lifestyle community, only 1.7 km from the city centre.

The ATO Building is located on the northern side of Franklin Street, approximately 65 metres west of the intersection with King William Street. The property comprises a new high rise office tower, with basement, ground floor, mezzanine floor and 17 upper levels. The building has a total Net Lettable Area (NLA) of approximately 37,311sqm together with 114 car parks. The site also includes the heritage post office building and associated vacant land comprising the final stages of the City Central development. Master planning is underway with potential for an office or mixed use re-development.

Completed in August 2014, this 12 level A-Grade office building comprises approximately 23,421sqm of office space with large and efficient 2,200sqm campus-style floors with inspiring 360° river and city views. It features 1,038sqm of retail space, a dedicated end-of-trip facility and 194 car spaces.

Summary Year built (or refurbished) 2014 Grade A Ownership 50% Total NLA (sqm) 24,521 Typical foor plate (sqm) 2,200 Car spaces 194 Valuation (30 June 2015) Valuation $87.0 million Value ($/sqm) $7,096 Last external valuation date 30 June 2015 Valuer Knight Frank Tenancy statistics WALE (by income) 10.8 years Occupancy 99% Major tenants NLA (sqm) Bank of Queensland 13,237 Collection House 7,912 Temando 1,010	Summary
	Year built (or refurbished) 2013
	Grade A
	Ownership 50%
	Total NLA (sqm) 37,311
	Typical foor plate (sqm) 2,198
	Car spaces 114
	Valuation (30 June 2015)
	Valuation $116.3 million
	Value ($/sqm) $6,231
	Last external valuation date 30 June 2015
	Valuer Jones Lang LaSalle
	Tenancy statistics
	WALE (by income) 11.8 years
	Occupancy 100%
	Major tenants NLA (sqm)
	ATO 31,488
	Australia Post 5,291

22 / Office / Core Plus Office Fund

Charter Hall Property Portfolio / 30 June 2015 / 23

225 St Georges Terrace Perth WA (core)

Bank SA

97 King William Street, Adelaide SA (core)

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Located at the western end of St Georges Terrace, 225 St Georges Terrace comprises a 21,221sqm A-grade office building, including 424sqm of retail space and three levels of basement accomadating 373 car parking spaces.

Bank SA is located in the heart of Adelaide and comprises a basement vault, ground and mezzanine level banking branch, and an office building over eight upper levels. The building also includes a gymnasium and squash courts which are located on the roof area.

Summary		Summary
Year built (or refurbished)	1943	Year built (or refurbished)	1990
Grade	B	Grade	A
Ownership	100%	Ownership	100%
Total NLA (sqm)	15,115	Total NLA (sqm)	21,221
Typical foor plate (sqm)	1,340	Typical foor plate (sqm)	1,130
Car spaces	28	Car spaces	373
Valuation (30 June 2015)		Valuation (30 December 2014)
Valuation	$20.3 million	Valuation	$181.1 million
Value ($/sqm)	$1,343	Value ($/sqm)	$8,534
Last external valuation date	30 June 2015	Last external valuation date	30 December 2014
Valuer	Jones Lang LaSalle	Valuer	Colliers
Tenancy statistics		Tenancy statistics
WALE (by income)	6.3 years	WALE (by income)	3.8 years
Occupancy	100%	Occupancy	80.3%
Major tenant	NLA (sqm)	Major tenants	NLA (sqm)
St George Bank	15,115	Jackson McDonald	3,981
		Wilson Parking	373 bays

Bankwest Place and Raine Square 109 St Georges Terrace Perth WA (core) Perth WA (core)

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Bankwest Place and Raine Square is an office and retail complex situated in a prime location within the Perth CBD market. The office component is occupied by Bankwest on a long term lease with the retail component anchored by a Coles Supermarket. The site which covers the majority of an entire CBD block also accomodates a variety of main street retail spaces, a hotel and two licenced bars.

Located in the heart of the Perth CBD, the Westpac building at 109 St Georges Terrace, comprises a lower A-grade office building, which underwent extensive refurbishment in 2005. The building spans 19 upper office levels, a ground level bank, vault and security storage area.

Summary Year built (or refurbished) 2011 Grade A Ownership 33% Total NLA (sqm) 61,592 Typical foor plate (sqm) 2,000 Car spaces 377 Valuation (31 March 2015) Valuation $161.1 million Value ($/sqm) $7,834 Last external valuation date 31 March 2015 Valuer Knight Frank Tenancy statistics WALE (by income) 7.6 years Occupancy 95.1% Major tenants NLA (sqm) Bankwest 43,934 Coles 1,993	Summary
	Year built (or refurbished) 2005
	Grade A
	Ownership 100%
	Total NLA (sqm) 13,897
	Typical foor plate (sqm) 550
	Car spaces 75
	Valuation (30 June 2015)
	Valuation $80.0 million
	Value ($/sqm) $5,757
	Last external valuation date 30 June 2015
	Valuer Colliers
	Tenancy statistics
	WALE (by income) 2.2 years
	Occupancy 100%
	Major tenants NLA (sqm)
	Westpac Bank 8,169
	Calibre Global 2,497

Charter Hall Property Portfolio / 30 June 2015 / 25

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24 / Office / Charter Hall Office Trust
No. 1 Martin Place, Sydney NSW
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Charter Hall Office Trust

Charter Hall Office Trust (CHOT) is a leading unlisted wholesale real estate partnership focused on investing in high grade office buildings predominantly located in major business districts across Australia.

Top 10 tenants

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By gross income
16.8% Australian Government
9.6% Telstra Corporation Ltd
6.5% Macquarie Group Limited
4.2% Aurizon Operations Limited
3.9% Allianz
3.2% Citigroup
2.7% BHP
2.7% Wilson Parking
2.6% DLA Piper
2.6% Secure Parking
Annual lease expiry
By net lettable area
3% Vacant
9% CY16
8% CY17
15% CY18
8% CY19
10% CY20
7% CY21
3% CY22
4% CY23
31% CY24+
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26 / Office / Charter Hall Office Trust

Charter Hall Property Portfolio / 30 June 2015 / 27

Fund Statistics

Asset diversification

Tenant type diversification

By current value

By gross income

2 Park Street, Sydney NSW 20% No.1 Martin Place, Sydney NSW 20% Argus Centre 300 LaTrobe Street, Melbourne VIC 9% 2 Market Street, Sydney NSW 9% 175 Eagle Street, Brisbane QLD 8% 171 Collins St, Melbourne VIC 7% 150 Lonsdale Street, Melbourne VIC 7% The Denison, North Sydney NSW 5% Avaya House, North Ryde NSW 4% 5 Queens Road, Melbourne VIC 4% Eastpoint Plaza, Perth WA 3% ATO, Newcastle NSW 2% Capital Hill, Brisbane QLD 2% Australia Place, Canberra ACT 1% Wentworth Place, Parramatta NSW 1%	11% 17%	72%

	Investment grade	72%
	Government	17%
	Other	11%

NABERS energy rating (excludes GreenPower)

No.1 Martin Place, Sydney NSW  2 Park Street, Sydney NSW  2 Market Street, Sydney NSW  The Denison, North Sydney NSW  Avaya House, North Ryde NSW  Wentworth Place, Parramatta NSW  ATO, Newcastle NSW 	Argus Centre 300 LaTrobe Street, Melbourne VIC 
	150 Lonsdale Street, Melbourne VIC 
	171 Collins Street, Melbourne VIC1
	5 Queens Road, Melbourne VIC 
	175 Eagle Street, Brisbane QLD 
	Capital Hill, Brisbane QLD 
	Eastpoint Plaza, Perth WA 
	Australia Place, Canberra ACT 

Property Portfolio

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June 2015 Capitalisation Rate 6.96% June 2015 Discount Rate 8.39%”

	CHOT	June 20151	WALE	Weighted Avg
	Ownership (%)	valuation (A$M)	(years)2	rent reviews (%)
No.1 Martin Place, Sydney NSW	100%	426.9	7.3	3.9%
2 Park Street, Sydney NSW	50%	434.4	5.7	3.9%
2 Market Street, Sydney NSW	50%	186.1	5.1	4.2%
The Denison, 65 Berry Street, North Sydney NSW	100%	97.9	4.1	4.0%
Avaya House, 123 Epping Road, North Ryde NSW	100%	77.6	3.5	3.8%
Wentworth Place, 9 Wentworth Street, Parramatta NSW	100%	28.5	2.9	4.2%
ATO, 266 King Street, Newcastle NSW	100%	48.9	4.7	3.5%
Argus Centre, 300 LaTrobe Streeet, Melbourne VIC	100%	184.1	7.6	3.7%
150 Lonsdale Street, Melbourne VIC	100%	149.5	3.2	3.6%
171 Collins Street, Melbourne VIC	50%	151.9	8.8	3.7%
5 Queens Road, Melbourne VIC	100%	76.9	3.4	3.8%
175 Eagle Street, Brisbane QLD	100%	167.8	4.3	4.1%
Capital Hill, 83-85 George Street, Brisbane QLD	100%	44.9	2.5	4.0%
Eastpoint Plaza, 233-237 Adelaide Terrace, Perth WA	100%	59.5	3.0	3.9%
Australia Place, 14 Mort Street, Canberra ACT	100%	31.9	9.8	3.8%
Total/Weighted average		2,166.7	5.5	3.9%

Note:

Book Valuation as at 30 June 2015.
Only recently reached the 70% occupation required for a rating. Its rating will be undertaken within the next 12 months.
Based on executed lease and Heads of Agreement.

Charter Hall Property Portfolio / 30 June 2015 / 29

No.1 Martin Place

Sydney NSW

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Prime office building located in the Sydney CBD on the prestigious GPO site in Martin Place.

Summary

Summary
Year built (or refurbished)		1999
Grade		Prime
Ownership		100%
Total NLA (sqm)		40,299
Typical foor plate (sqm)		1,672
Car spaces		374
Valuation (30 June 2015)
Valuation		$426.9 million
Value ($/sqm)		$10,611
Last external valuation date		31 December 2014
Valuer		Colliers
Tenancy statistics
WALE (by income)		7.3 years
Occupancy		95.0%
Major tenants		NLA (sqm)
Macquarie Group Ltd		16,287
APRA		8,134
DLA Piper		5,492

CitiCentre 2 Park Street, Sydney NSW

Allianz Centre

2 Market Street, Sydney NSW

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Premium grade 47 level office tower located in the Sydney CBD directly opposite the Queen Victoria Building and Sydney Town Hall.

A 24 level, A-grade building with an adjoining seven level forecourt building located in the western corridor of the Sydney CBD.

Summary

Summary

Year built (or refurbished) 2000 Grade Premium Ownership 50% JV partner General Property Trust (GPT) Total NLA (sqm) 73,704 Typical foor plate (sqm) 1,865 Car spaces 284 Valuation (30 June 2015) Valuation (50%) $434.4 million Value ($/sqm) $11,789 Last external valuation date 31 December 2014 Valuer CBRE Tenancy statistics WALE (by income) 5.7 years Occupancy 93.9% Major tenants NLA (sqm) Citigroup 15,034 Gilbert + Tobin 9,280 QBE 7,942	Year built (or refurbished) 1991 (2007 forecourt)
	Grade A
	Ownership 50%
	JV partner Allianz
	Total NLA (sqm) 39,758
	Typical foor plate (sqm) 1,954 (main)
	Car spaces 301
	Valuation (30 June 2015)
	Valuation (50%) $186.1 million
	Value ($/sqm) $9,362
	Last external valuation date 31 December 2014
	Valuer Knight Frank
	Tenancy statistics
	WALE (by income) 5.1 years
	Occupancy 100%
	Major tenants NLA (sqm)
	Allianz 18,909
	Caltex 9,201
	Macquarie Telecom 3,922

Allianz Centre 2 Market Street, Sydney NSW

30 / Office / Charter Hall Office Trust

Charter Hall Property Portfolio / 30 June 2015 / 31

The Denison

Avaya House

65 Berry Street, North Sydney NSW

123 Epping Road, Macquarie Park NSW

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A modern 18 level office building centrally located within the North Sydney CBD.

A modern 10 level, A-grade office building prominently located in one of Australia’s premier technology precincts.

Summary

Year built (or refurbished) 1986 Grade A Ownership 100% Total NLA (sqm) 15,107 Typical foor plate (sqm) 873 Car spaces 157 Valuation (30 June 2015) Valuation $97.9 million Value ($/sqm) $6,478 Last external valuation date 31 December 2014 Valuer Knight Frank Tenancy statistics WALE (by income) 4.1 years Occupancy 97.0% Major tenants NLA (sqm) Optus 3,498 Mediacom 3,414	Year built (or refurbished) 2000
	Grade A
	Ownership 100%
	Total NLA (sqm) 16,161
	Typical foor plate (sqm) 1,774
	Car spaces 534
	Valuation (30 June 2015)
	Valuation $77.6 million
	Value ($/sqm) $4,802
	Last external valuation date 31 December 2014
	Valuer Knight Frank
	Tenancy statistics
	WALE (by income) 3.5 years
	Occupancy 97.9%
	Major tenants NLA (sqm)
	Avaya Australia 5,050
	Amgen Australia 1,774

Australian Taxation Office

Wentworth Place

9 Wentworth Street, Parramatta NSW

266 King Street, Newcastle NSW

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A modern nine level, A-grade office building located within the civic precinct of the Newcastle CBD.

A recently refurbished and upgraded seven level building, well located in the Parramatta CBD.

Summary

Year built (or refurbished) 1988 Grade A Ownership 100% Total NLA (sqm) 7,672 Typical foor plate (sqm) 1,220 Car spaces 97 Valuation (30 June 2015) Valuation $28.5 million Value ($/sqm) $3,711 Last external valuation date 31 December 2014 Valuer CBRE Tenancy statistics WALE (by income) 2.9 years Occupancy 78.1% Major tenant NLA (sqm) Dept of Immigration & Citizenship 4,735	Year built (or refurbished) 1989
	Grade A
	Ownership 100%
	Total NLA (sqm) 14,157
	Typical foor plate (sqm) 1,682
	Car spaces 64
	Valuation (30 June 2015)
	Valuation $48.9 million
	Value ($/sqm) $3,453
	Last external valuation date 31 December 2014
	Valuer CBRE
	Tenancy statistics
	WALE (by income) 4.7 years
	Occupancy 100%
	Major tenant NLA (sqm)
	Australian Taxation Offce 14,157

32 / Office / Charter Hall Office Trust

Charter Hall Property Portfolio / 30 June 2015 / 33

Argus Centre

300 LaTrobe Street, Melbourne VIC

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A modern 34 level, A-grade office tower located opposite Melbourne Central Railway Station in the Flagstaff Precinct of Melbourne’s CBD, inclusive of 10 levels of car parking, comprising 520 car bays.

150 Lonsdale Street Melbourne VIC

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A refurbished 29 level, A-grade office building located in the north eastern section of the Melbourne CBD.

171 Collins Street

Melbourne VIC

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Developed by Charter Hall and Cbus Property and designed by Bates Smart, 171 Collins Street is Victoria’s first Premium Grade building having achieved a 6 star Green Star – Office Design (v2) rating, representing ‘World Leadership’ in environmentally sustainable design.

5 Queens Road

Melbourne VIC

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An 11 level, A-grade office building situated in the midst of the St Kilda Road office precinct, opposite Albert Park.

Located on the prestigious ‘Paris-end’ of Collins Street, the building comprises 31,000sqm of office space across 17 floors in a new generation tower and seven levels of boutique office space in the heritage listed Mayfair building.

Summary

Year built (or refurbished) 1991 (2012) Grade A Ownership 100% Total NLA (sqm) 33,022 Typical foor plate (sqm) 1,487 Car spaces 520 Valuation (30 June 2015) Valuation $184.1 million Value ($/sqm) $5,576 Last external valuation date 31 December 2014 Valuer CBRE Tenancy statistics WALE (by income) 7.6 years Occupancy 100% Major tenants NLA (sqm) Telstra Corporation Ltd 23,454 Department of Veteran Affairs 4,749	Year built (or refurbished) 1974 (2005)
	Grade A
	Ownership 100%
	Total NLA (sqm) 28,755
	Typical foor plate (sqm) 1,130
	Car spaces 647
	Valuation (30 June 2015)
	Valuation $149.5 million
	Value ($/sqm) $5,198
	Last external valuation date 31 December 2014
	Valuer m3 Property
	Tenancy statistics
	WALE (by income) 3.2 years
	Occupancy 100%
	Major tenants NLA (sqm)
	Telstra Corporation Ltd 19,910
	Programmed Group 1,719

Summary

Summary		Summary
Year built (or refurbished)	2013	Year built (or refurbished)	1989
Grade	Premium	Grade	A
Ownership	50%	Ownership	100%
JV partner	Cbus Property	Total NLA (sqm)	17,765
Total NLA (sqm)	33,132	Typical foor plate (sqm)	1,670
Typical foor plate (sqm)	1,823	Car spaces	323
Car spaces	136	Valuation (30 June 2015)
Valuation (30 June 2015)		Valuation	$76.9 million
Valuation (50%)	$151.9 million	Value ($/sqm)	$4,326
Value ($/sqm)	$9,169	Last external valuation date	31 December 2014
Last external valuation date	31 December 2014	Valuer	Jones Lang LaSalle
Valuer	Savills	Tenancy statistics
Tenancy statistics		WALE (by income)	3.4 years
WALE (by income)	8.8 years	Occupancy	91.1%
Occupancy	98.8%	Major tenants	NLA (sqm)
Major tenants	NLA (sqm)	Leighton Contractors Pty Ltd	3,362
BHP Billiton	14,349	Beca Pty Ltd	3,359
Wood Group	6,809	ISIS	2,827
Vic Super	2,749	Unico	2,405
Evans and Partners	1,700

34 / Office / Charter Hall Office Trust

Charter Hall Property Portfolio / 30 June 2015 / 35

175 Eagle Street Brisbane QLD

Capital Hill

83-85 George Street, Brisbane QLD

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An 18 level office building located within the Queensland Government office precinct in the Brisbane CBD.

An A-grade quality riverfront property situated within the ‘Golden Triangle’ of the Brisbane CBD. Having recently undergone a refurbishment of building services and amenities.

Summary

Year built (or refurbished) 2002 (2014) Grade A Ownership 100% Total NLA (sqm) 22,277 Typical foor plate (sqm) 1,159 Car spaces 162 Valuation (30 June 2015) Valuation $167.8 million Value ($/sqm) $7,532 Last external valuation date 31 December 2014 Valuer CBRE Tenancy statistics WALE (by income) 4.3 years Occupancy 97.8% Major tenants NLA (sqm) Aurizon 10,722 AON Risk Services 1,851	Year built (or refurbished) 1989
	Grade B
	Ownership 100%
	Total NLA (sqm) 10,516
	Typical foor plate (sqm) 581
	Car spaces 105
	Valuation (30 June 2015)
	Valuation $44.9 million
	Value ($/sqm) $4,271
	Last external valuation date 31 December 2014
	Valuer Colliers
	Tenancy statistics
	WALE (by income) 2.5 years
	Occupancy 92.1%
	Major tenant NLA (sqm)
	State of Qld - Dept Main Roads 8,780

Australia Place

Eastpoint Plaza

14 Mort Street, Canberra ACT

233-237 Adelaide Terrace, Perth WA

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A 13 level B-grade office building well located in the eastern end of Perth’s CBD.

A modern eight level A-grade commercial office building with basement parking located in the civic precinct of the Canberra CBD.

Summary		Summary
Year built (or refurbished)	1982	Year built (or refurbished)	1996
Grade	B	Grade	A
Ownership	100%	Ownership	100%
Total NLA (sqm)	11,515	Total NLA (sqm)	9,384
Typical foor plate (sqm)	1,050	Typical foor plate (sqm)	900
Car spaces	89	Car spaces	67
Valuation (30 June 2015)		Valuation (30 June 2015)
Valuation	$59.5 million	Valuation	$31.9 million1
Value ($/sqm)	$5,169	Value ($/sqm)	$3,399
Last external valuation date	31 December 2014	Last external valuation date	31 December 2014
Valuer	Jones Lang LaSalle	Valuer	Jones Lang LaSalle
Tenancy statistics		Tenancy statistics
WALE (by income)	3.0 years	WALE (by income)	9.8 years
Occupancy	100%	Occupancy	100%
Major tenants	NLA (sqm)	Major tenant	NLA (sqm)
Minister for Works (Health & Police) 6,094		Dept of Employment	9,384
Goldfelds Gas Transmissions Pty Ltd 1,472

Note:

Directors valuation.

36 / Office / Office mandates and partnerships

Charter Hall Property Portfolio / 30 June 2015 / 37

Office mandates and partnerships

Charter Hall’s wholesale partnership and mandate business manages a range of high quality institutional grade office assets on behalf of its institutional clients. These wholesale mandates include 275 George Street Brisbane, 100 Skyring Terrace Newstead, Brisbane Square, Bankwest Place Perth and the Riverside Centre in Adelaide.

ATO 16-26 Franklin Street Adelaide SA

Brisbane Square Brisbane QLD (core)

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Artist’s Impression
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The ATO Building is located on the northern side of Franklin Street, approximately 65 metres west of the intersection with King William Street. The property comprises a new high rise office tower, with basement, ground floor, mezzanine floor and 17 upper levels. The building has a total Net Lettable Area (NLA) of approximately 37,337sqm together with 114 car parks. The site also includes the heritage post office building and associated vacant land comprising the final stages of the City Central development. Master planning is underway with potential for an office or mixed use re-development.

Located within the Brisbane CBD at the top of the Queen Street Mall, Brisbane Square is an iconic office building located in the heart of the government and legal precincts along George Street. The property comprises of premium office space over 38 levels, ground floor retail and parking over three basement levels.

Ownership
Institutional client and CPOF		100%
Charter Hall Group		0%

Ownership

Institutional clients and CPOF	100%
Charter Hall Group	0%

275 George Street Brisbane QLD (core)

100 Skyring Terrace Brisbane QLD

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100 Skyring Terrace is located in the heart of Brisbane’s thriving Gasworks precinct, Newstead - a flourishing business and lifestyle community, only 1.7 km from the city centre.

Completed in August 2014, this 12 level A-Grade office building comprises 23,421sqm of office space with large and efficient 2,200sqm campus-style floors with inspiring 360° river and city views. It features 1,056sqm of retail space, a dedicated end-of-trip facility and 194 car spaces.

Ownership Institutional client and CPOF 100% Charter Hall Group 0%	Ownership
	Institutional client and CPOF 100%
	Charter Hall Group 0%

Bankwest Place and Raine Square Perth WA

Bankwest Place and Raine Square is an office and retail complex situated in a prime location within the Perth CBD market. The office component is occupied by Bankwest on a long term lease with the retail component anchored by a Coles Supermarket. The site also includes almost an entire CBD block of retail and office use buildings.

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Ownership

Ownership
Institutional clients and CPOF	100%
Charter Hall Group	0%

38 / Office / Charter Hall Direct Office Fund

Charter Hall Property Portfolio / 30 June 2015 / 39

Charter Hall Direct Office Fund

Charter Hall Direct Office Fund (DOF) is an unlisted property fund, open for investment to retail, high net wealth and self managed superannuation fund investors, that aims to provide regular, income payable quarterly from a diversified portfolio of office properties.

Top 10 tenants

By gross income

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16% University of Western Sydney
10%
Westpac Banking Corporation
6% Barrister Chambers Ltd
6% Orica Australia Pty Ltd
4% Wilson Parking
4% DCC Holdings Ltd
3% DOF Subsea Australia Pty Ltd
Annual lease expiry
By gross income
3% Vacant
2% FY16
6% FY17
6% FY18
9% FY19
21% FY20
7% FY21
46% FY22+
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Fund Statistics

Asset diversifcation By current value 68 Pitt Street, Sydney NSW 20% 200 Queen Street, Melbourne VIC 17% WSU, 1 Parramatta Square, Parramatta NSW 16% St George Bank, 4-16 Montgomery Street, Kogarah NSW 14% 504 Pacifc Highway, St Leonards NSW 13% 1 Nicholson Street, Melbourne VIC 12% 165 Walker Street, North Sydney NSW 4% 181 St Georges Terrace, Perth WA 4%	Geographical diversifcation By current value
	4% 29%	67%

	New South Wales	67%
	Victoria	29%
	Western Australia	4%

Weighted average lease expiry (years)

By value



		15.0

	5.9

	5.9

5.0

4.5

4.5

40 / Office / Charter Hall Direct Office Fund

Charter Hall Property Portfolio / 30 June 2015 / Charter Hall Property Portfolio / 30 June 2015 / 41

Property Portfolio

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June 2015 Capitalisation Rate 7.23% June 2015 Discount Rate 8.49%”

	DOF	June 2015	WALE1	Weighted avg
	ownership (%)	valuation (A$M)	(years)	rent reviews (%)
68 Pitt Street, Sydney NSW	100%	134.0	4.5	3.6%
165 Walker Street, North Sydney NSW	100%	27.0	4.5	3.8%
St George Bank, 4-16 Montgomery Street, Kogarah NSW	50%	92.6	19.3	CPI
WSU, 1 Parramatta Square, Parramatta NSW	50%	110.3	15.0	3.8%
200 Queen Street, Melbourne VIC	100%	117.5	5.0	3.7%
1 Nicholson Street, Melbourne VIC	100%	80.7	5.9	3.9%
181 St Georges Terrace, Perth WA	100%	26.5	5.9	4.1%
Total/Weighted average		588.6	9.2	3.6%

68 Pitt Street, Sydney NSW

42 / Office / Charter Hall Direct Office Fund

Charter Hall Property Portfolio / 30 June 2015 / 43

68 Pitt Street Sydney NSW

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Situated in the centre of the Sydney CBD on the corner of Pitt and Hunter Streets, the 26 level office building is in immediate proximity to Australia Square and Wynyard Station and benefits from four sides of natural light. The property was repositioned via refurbishment in 2011.

Summary

Summary
Year built (or refurbished)		1965 (2011)
Grade		B
Ownership		100%
Total NLA (sqm)		14,336
Typical foor plate (sqm)		549
Car spaces		54
Valuation (30 June 2015)
Valuation		$134.0 million
Value ($/sqm)		$9,347
Last external valuation date		30 June 2015
Valuer		Savills
Tenancy statistics
WALE (by income)		4.5 years
Occupancy		95.8%
Major tenants		NLA (sqm)
Adecco		1,846
Citigroup Ltd		414
Troy Law Services		1,357
ABB Australia		1,139
NIB Dental and Eye Care Centre		928

165 Walker Street

North Sydney NSW

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The building comprises ground level entrance foyer and retail accommodation, mezzanine office accommodation and six upper levels of office accommodation. Located in the North Sydney CBD adjacent to the Warringah Expressway, it has views over Sydney Harbour.

Summary

Summary
Year built (or refurbished)		1963 (2014)
Grade		B
Ownership		100%
Total NLA (sqm)		5,259
Typical foor plate (sqm)		812
Car spaces		43
Valuation (30 June 2015)
Valuation		$27.0 million
Value ($/sqm)		$5,134
Last external valuation date		30 June 2014
Valuer		Savills
Tenancy statistics
WALE (by income)		4.5 years
Occupancy		91.3%
Major tenants		NLA (sqm)
Sony		2,379
Access Prepaid Australia		788

WSU

St George Bank

1 Parramatta Square, Parramatta NSW

4-16 Montgomery Street, Kogarah NSW

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Artist’s Impression Artist’s Impression
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Summary

Year built (or refurbished) 2017 (practical completion) Grade A Ownership 50% Total NLA (sqm) 26,466 Typical foor plate (sqm) - Car spaces 80 Valuation (30 June 2015) Valuation (50%)1 $110.3 million Value ($/sqm) $8,337 Last external valuation date 5 December 2014 Valuer Knight Frank Tenancy statistics WALE (by income) 15 years Occupancy 100% Major tenant NLA (sqm) Western Sydney University 26,466	Year built (or refurbished) 1990 (2016)
	Grade A
	Ownership 50%
	Total NLA (sqm) 31,724
	Typical foor plate (sqm) 4,000
	Car spaces 597
	Valuation (30 June 2015)
	Valuation (49.9%)1 $92.6 million
	Value ($/sqm) $5,838
	Last external valuation date 30 June 2015
	Valuer Savills
	Tenancy statistics
	WALE (by income) 19.3 years
	Occupancy 100%
	Major tenant NLA (sqm)
	Westpac 31,724

Note: 1. 100% of property value is $220.6 million.

Note:

100% of property value is $185.2 million.

44 / Office / Charter Hall Direct Office Fund

Charter Hall Property Portfolio / 30 June 2015 / 45

1 Nicholson Street Melbourne VIC

200 Queen Street Melbourne VIC

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Melbourne’s first glass curtain wall facade ‘sky-scraper’, designed by Bates Smart and constructed in 1958. The building comprises 18 levels of office, ground floor retail cafe and basement parking. The building enjoys fantastic views over Parliament Gardens and State Parliament House, is located close to public transport hubs, both tram and train.

The A-grade commercial office building comprises nine levels of parking, ground level retail premises and office foyer and 25 levels of office accommodation. The building is well located close to the legal and financial precincts of Melbourne’s CBD, reflected in the calibre of tenants, mainly legal service providers.

Summary

Year built (or refurbished) 1982 (2007) Grade A Ownership 100% Total NLA (sqm) 19,737 Typical foor plate (sqm) 813 Car spaces 413 Valuation (30 June 2015) Valuation $117.5 million Value ($/sqm) $5,953 Last external valuation date 30 September 2014 Valuer m3 Property Tenancy statistics WALE (by income) 5.0 years Occupancy 100% Major tenants NLA (sqm) Barristers Chambers Ltd 6,896 Australian Government Solicitors 3,270 Wilson Parking 413 bays	Year built (or refurbished) 1958 (2008)
	Grade A
	Ownership 100%
	Total NLA (sqm) 17,328
	Typical foor plate (sqm) 920
	Car spaces 55
	Valuation (30 June 2015)
	Valuation $80.7 million
	Value ($/sqm) $4,657
	Last external valuation date 30 June 2015
	Valuer CBRE
	Tenancy statistics
	WALE (by income) 5.9 years
	Occupancy 100%
	Major tenants NLA (sqm)
	Orica 7,374
	Davies Collison Cave 4,597

181 St Georges Terrace

Perth WA

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Located at 181 St Georges Terrace, the property comprises a modern A-grade quality office building comprising of ground floor foyer and retail tenancies and six upper level office floors. The property’s location on St Georges Terrace is the premier address for financial and commercial activity within the Perth CBD.

Summary

Summary
Year built (or refurbished)		2001
Grade		A
Ownership		100%
Total NLA (sqm)		3,588
Typical foor plate (sqm)		535
Car spaces		14
Valuation (30 June 2015)
Valuation		$26.5 million
Value ($/sqm)		$7,386
Last external valuation date		30 June 2015
Valuer		Colliers
Tenancy statistics
WALE (by income)		5.9 years
Occupancy		100%
Major tenants		NLA (sqm)
DOF Subsea		2,378
Westlink Logistics		533

Charter Hall Property Portfolio / 30 June 2015 / 47

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46 / Office / PFA Diversified Property Trust
Anzac Square 200 Adelaide Street, Brisbane QLD
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PFA Diversified Property Trust

PFA Diversified Property Trust (PFA) is an unlisted Australian office fund diversified across geographic location, tenant profile and lease expiry within Australia. The Trust has been managed by Charter Hall since 2012.

Top 5 tenants

By gross income

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28% WA Government
18% State Government of Tasmania
13% State of Queensland
12% Foxtel Management Pty Ltd
11% AP Facilities Pty Ltd
Annual lease expiry
By gross income
2% Vacant
21% FY16
30% FY17
42% FY18
0% FY19
5% FY20
0% FY21
2%
0% FY22+
Geographical diversification
By current value
13% 19%
New South Wales 19%
Western Australia 38%
14%
Tasmania 16%
Victoria 14%
16% 38% Queensland 13%
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48 / Diversified / PFA Diversified Property Trust

Charter Hall Property Portfolio / 30 June 2015 / 49

Property Portfolio

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June 2015 Capitalisation Rate 8.93% June 2015 Discount Rate 9.06%”

	PFA	June 2015	WALE	Weighted Avg
	ownership (%)	valuation (A$M)	(years)	rent reviews (%)
657 Pacifc Highway, St Leonards, NSW	100%	15.0	2.0	4.0%
706 Mowbray Road, Lane Cove, NSW	100%	22.5	2.4	2.9%
1-21 Dean Street, Moonee Ponds VIC	100%	28.5	2.8	3.0%
200 Adelaide Street, Brisbane QLD	100%	25.7	2.5	3.6%
Sevenoaks, 303 Sevenoaks Street, Cannington WA	100%	77.4	12.0	3.8%
Lands Building,134 Macquarie Street, Hobart TAS	100%	33.1	2.8	MKT
Total/Weighted average		202.2	5.2	2.8%

657 Pacific Highway St Leonards NSW

706 Mowbray Road

Lane Cove NSW

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This modern B-grade office building comprises ground floor retail and eight upper level office accommodation plus basement level parking for 47 vehicles.

The property incorporates a multilevel, hi-tech industrial complex comprising two three-level office buildings, two warehouse levels and four levels of basement parking and is located less than 10 kilometres from the Sydney CBD.

Summary Year built (or refurbished) 1970 Grade B Ownership 100% Total NLA (sqm) 3,668 Typical foor plate (sqm) 454 Car spaces 47 Valuation (30 June 2015) Valuation $15.0 million Value ($/sqm) $4,089 Last external valuation date 31 December 2014 Valuer Jones Lang LaSalle Tenancy statistics WALE (by income) 2.0 years Occupancy 93.1% Major tenants NLA (sqm) SKM 1,144 Umow lai Pty Ltd 530 Upskilled 455	Summary
	Year built (or refurbished) 1987
	Grade n/a
	Ownership 100%
	Total NLA (sqm) 17,204
	Typical foor plate (sqm) 750
	Car spaces 324
	Valuation (30 June 2015)
	Valuation $22.5 million
	Value ($/sqm) $1,308
	Last external valuation date 31 December 2014
	Valuer Colliers
	Tenancy statistics
	WALE (by income) 2.4 years
	Occupancy 92.0%
	Major tenants NLA (sqm)
	AP Facilities 11,587
	Vintage & Vine 1,541

50 / Diversified / PFA Diversified Property Trust

Charter Hall Property Portfolio / 30 June 2015 / 51

Anzac Square 200 Adelaide Street, Brisbane QLD

Foxtel Building 1-21 Dean Street, Moonee Ponds VIC

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Anzac Square offices is the commercial component of the award-winning Anzac Square heritage complex in the heart of the Brisbane CBD. The property is located close to public transport and Queen Street Mall and offers excellent tenant amenity.

Purpose-built by Foxtel for its own occupation, and features virtually uninterrupted natural light and a central, four-level high atrium with a translucent ceiling and suspended stairways. Adjoining the building is a two level car parking deck providing parking for 181 cars in addition to the 69 on grade car spaces.

Summary

Year built (or refurbished) 2004 Grade B Ownership 100% Total NLA (sqm) 7,104 Typical foor plate (sqm) 1,730 Car spaces 250 Valuation (30 June 2015) Valuation $28.5 million Value ($/sqm) $4,012 Last external valuation date 31 December 2014 Valuer m3 Property Tenancy statistics WALE (by income) 2.8 years Occupancy 100% Major tenant NLA (sqm) Foxtel 7,104	Year built (or refurbished)	1999 (2014)
	Grade	B
	Ownership	100%
	Total NLA (sqm)	5,991
	Typical foor plate (sqm)	1,010
	Car spaces	28
	Valuation (30 June 2015)
	Valuation	$25.7 million
	Value ($/sqm)	$4,270
	Last external valuation dat	e 30 June 2015
	Valuer	CBRE
	Tenancy statistics
	WALE (by income)	2.5 years
	Occupancy	100%
	Major tenants	NLA (sqm)
	State of Queensland (Healt	h) 3,538
	On the House 1,275

	Summary
	Year built (or refurbished)		1999 (2014)
	Grade		B
	Ownership		100%
	Total NLA (sqm)		5,991
	Typical foor plate (sqm)		1,010
	Car spaces		28
	Valuation (30 June 2015)
	Valuation		$25.7 million
	Value ($/sqm)		$4,270
	Last external valuation date		30 June 2015
	Valuer		CBRE
	Tenancy statistics
	WALE (by income)		2.5 years
	Occupancy		100%
	Major tenants		NLA (sqm)
	State of Queensland (Health)		3,538
	On the House		1,275

Sevenoaks

Lands Building

303 Sevenoaks Street, Cannington WA

134 Macquarie Street, Hobart TAS

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This modern four-level office building is situated in the Perth suburb of Cannington, approximately 12km from the Perth CBD. The property offers large floorplates which are highly attractive to government and large corporate tenants for spatial efficiencies, and two internal atriums within the building that enhance natural lighting.

The Lands Building is a 10 level office complex plus a basement with 16 car parks and archival quality storage spaces, and located in the prime southern precinct of Hobart’s CBD. The property underwent a major refurbishment in 1998 to maintain its A-grade status.

Summary

Year built (or refurbished) 1992 (2015) Grade B Ownership 100% Total NLA (sqm) 20,817 Typical foor plate (sqm) 5,500 Car spaces 100 Valuation (30 June 2015) Valuation $77.4 million Value ($/sqm) $3,718 Last external valuation date 30 June 2015 Valuer Savills Tenancy statistics WALE (by income) 12.0 years Occupancy 100% Major tenant NLA (sqm) Western Australian Government 20,817	Year built (or refurbished) 1975 (1998)
	Grade A
	Ownership 100%
	Total NLA (sqm) 11,675
	Typical foor plate (sqm) 1,182
	Car spaces 17
	Valuation (30 June 2015)
	Valuation (50%) $33.1 million
	Value ($/sqm) $2,835
	Last external valuation date 31 December 2014
	Valuer CBRE
	Tenancy statistics
	WALE (by income) 2.8 years
	Occupancy 100%
	Major tenant NLA (sqm)
	State Government of Tasmania 11,675

52 / Office / Charter Hall Direct WorkZone Trust

Charter Hall Direct WorkZone Trust

The Charter Hall Direct WorkZone Trust (CHIF9) is an unlisted property syndicate investing in a newly constructed A-grade office building located on the fringe of the Perth CBD. The trust’s asset is a seven level office building with a 5 star Green Star As-built rating and has achieved a 5 star NABERS energy rating. The property achieves secure income streams derived from a strong tenancy profile.

Annual lease expiry

By gross income

Annual lease expiry By gross income
0% 1%	Vacant
	FY16
0%	FY17

0%	FY18

0%	FY19

0%	FY20

0%	FY21

FY22+ 99%

WorkZone

202 Pier Street, Perth WA

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WorkZone is an innovative inner city office campus located in Perth’s rapidly developing CBD fringe. This sustainable office campus comprises A-grade office space over two buildings, linked by a spacious landscaped plaza. It is conveniently located adjacent to McIver train station and is within walking distance to Hay Street Mall and the bustling Northbridge precinct, which offers a variety of restaurants, bars and entertainment. The building features large, open and efficient floorplates of 2,400 square metres with excellent natural light and extensive facilities.

Summary

Summary
Year built (or refurbished)	2013
Grade	A
Ownership	100%
Total NLA (sqm)	15,602
Typical foor plate (sqm)	2,443
Car spaces	141
Valuation (30 June 2015)
Valuation	$125.0 million
Value ($/sqm)	$8,012
Last external valuation date	31 December 2014
Valuer	Savills
Tenancy statistics
WALE (by income)	10.2 years
Occupancy	100%
Major tenant	NLA (sqm)
Leightons Contractors	15,331

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Charter Hall Property Portfolio / 30 June 2015 / 53
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54 / Office / Charter Hall Direct VA Trust

Charter Hall Direct VA Trust

Charter Hall Direct VA Trust (CHIF10) is an unlisted property syndicate investing in the headquarters for Virgin Australia, an A-grade office building located on the fringe of the Brisbane CBD.

Annual lease expiry

By gross income

0%	Vacant
0%	FY16
0%	FY17
0%	FY18
0%	FY19
0%	FY20
0%	FY21

100% FY22+

Virgin Australia Headquarters

56 Edmondstone Road, Bowen Hills QLD

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Located approximately three kilometres north east of the Brisbane CBD, Virgin Australia’s Headquarters comprises a modern three building office complex, interconnected by a central courtyard. The property was constructed in 2008 and provides high-quality, efficient large floor plates with natural light on all elevations.

Summary

Summary
Year built (or refurbished)	2008
Grade	A
Ownership	100%
Total NLA (sqm)	12,427
Typical foor plate (sqm)	Up to 2,020
Car spaces	149
Valuation (30 June 2015)
Valuation	$70.0 million
Value ($/sqm)	$5,633
Last external valuation date	31 December 2014
Valuer	Colliers
Tenancy statistics
WALE (by income)	10.9 years
Occupancy	100%
Major tenant	NLA (sqm)
Virgin	12,427

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Charter Hall Property Portfolio / 30 June 2015 / 55
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56 / Office / 144 Stirling Street Trust

144 Stirling Street Trust

The Charter Hall Direct 144 Stirling Street Trust (CHIF8) is an unlisted property syndicate investing in a quality A-grade office building located in the Perth CBD fringe. The Trust aims to provide investors with sustainable and stable, tax-advantaged income and the potential for capital growth.

Top 3 tenants

By gross income

		Hatch & Associates Pty Ltd
	24%	Minister for Works
8%		Wilson Parking

0%		Vacant
	26%	FY16
0%		FY17
0%		FY18
0%		FY19
0% 8%		FY20
		FY21
	66%	FY22+

Hatch Building

144 Stirling Street, Perth WA

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The A-grade office building is located within the northern fringe of the Perth CBD, a rapidly emerging office precinct. The asset’s key tenants, include Hatch, and WA Minister for Works who occupy a total of 98% of the building’s NLA. The remainder of the building is occupied by a retail tenant (167sqm).

Summary
Year built (or refurbished)	2001
Grade	A
Ownership	100%
Total NLA (sqm)	11,042
Typical foor plate (sqm)	2,269 to 2,411
Car spaces	243
Valuation (30 June 2015)
Valuation	$57.5 million
Value ($/sqm)	$5,207
Last external valuation date	30 June 2015
Valuer	m3 Property
Tenancy statistics
WALE (by income)	4.9 years
Occupancy	100%
Major tenants	NLA (sqm)
Hatch	7,349
Minister for Works	3,525
Wilson Parking	201 bays

144 Stirling Street, Perth WA

Brickworks Marketplace, Torrensville SA

Charter Hall Property Portfolio / 30 June 2015 / 61

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60 / Retail / Charter Hall Retail REIT
Singleton Square, Singleton
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Charter Hall Retail REIT

Charter Hall Retail REIT (CQR) is a specialist REIT with 20 years experience in owning and managing Australian retail properties. With an active management strategy focused on maximising total returns, the REIT aims to offer unitholders an investment product that provides a secure and growing income stream from its portfolio of supermarket anchored shopping centres.

Tenants

2% of total Australian Base Rent

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27% Woolworths
25% Wesfarmers
Annual lease expiry
By net lettable area
10% FY16
10% FY17
11% FY18
8% FY19
8% FY20
7% FY21
6% FY22
6% FY23
34% FY24+
Australia
Number of properties 73
Gross lettable area (CQR share, ‘000sqm) 524.4
Valuation (CQR share, $m) 2,162.7
NTA per unit ($) 3.59
Operational performance metrics
Same property NOI growth 2.4%
Occupancy 98.4%
Specialty rental rate growth 1.5%
Portfolio WALE (years) 7.0
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62 / Retail / Charter Hall Retail REIT

Charter Hall Property Portfolio / 30 June 2015 / 63

New South Wales

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Orange Central Square, Orange Pemulwuy Marketplace, Greystanes
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Summary

Summary
Number of properties			28
Number of tenancies Total GLA (sqm)			696 195,317
Valuation Valuation			$836.2 million
Value ($/sqm)			$4,281
Capitalisation rate			7.07%
Discount rate			8.75%
Tenancy statistics
WALE (by income)			7.5 years
Occupancy			98.8%
Major tenants	ABR1 Contribution (%)
Woolworths			23.5%
Coles			17.0%
Big W			5.9%
Target			3.0%
Kmart			1.5%
Property Ownership (%)			Classifcation
Cooma Woolworths, Cooma		100%	Freestander
Cootamundra Woolworths, Cootamundra		100%	Freestander
Dubbo Square, Dubbo		100%	Sub-regional
Earlwood Coles, Earlwood		100%	Freestander
Pemulwuy Marketplace, Greystanes		50%	Neighbourhood
Goonellabah Village, Goonellabah		100%	Neighbourhood

Property Ownership (%) Classification

Gordon Village Centre, Gordon 100% Neighbourhood Carnes Hill Marketplace, 50% Sub-regional Horningsea Park Jerrabomberra Village, Jerrabomberra 100% Neighbourhood Kings Langley Shopping Centre, 100% Neighbourhood Kings Langley Highlands Marketplace, Mittagong 50% Sub-regional Balo Square, Moree 100% Neighbourhood Morisset Shopping Centre, Morisset 100% Neighbourhood Lake Macquarie Fair, Mount Hutton 100% Sub-regional Mount Hutton Plaza, Mount Hutton 100% Neighbourhood Mudgee Metroplaza, Mudgee 100% Neighbourhood Sunnyside Mall, Murwillumbah 100% Neighbourhood Narrabri Coles, Narrabri 100% Freestander Orange Central Square, Orange 100% Neighbourhood Parkes Metroplaza, Parkes 100% Neighbourhood Rosehill Woolworths, Rosehill 100% Freestander Rutherford Marketplace, Rutherford 50% Neighbourhood Singleton Square and Plaza, Singleton 100% Sub-regional Tamworth City Plaza, Tamworth 100% Sub-regional Thornleigh Marketplace, Thornleigh 50% Neighbourhood Tumut Coles, Tumut 100% Freestander West Ryde Marketplace, West Ryde 50% Neighbourhood Young Woolworths, Young 100% Freestander

Note:

Brickworks Marketplace, Torrensville SA

Annual Base Rent.

64 / Retail / Charter Hall Retail REIT

Charter Hall Property Portfolio / 30 June 2015 / 65

Queensland

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Bribie Island Shopping Centre, Bribie Island
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Sydney Street Markets, Mackay
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Property Ownership (%) Classification

Summary

Number of properties 15 Number of tenancies 386 Total GLA (sqm) 104,308 Valuation Valuation $477.9 million Value ($/sqm) $4,582 Capitalisation rate 7.18% Discount rate 8.73% Tenancy statistics WALE (by income) 6.9 years Occupancy 97.8% Major tenants ABR Contribution (%) Woolworths 21.4% Coles 19.9% Target 2.7%	Albany Creek Square, Albany Creek 100% Neighbourhood
	Tablelands Square, Atherton 100% Neighbourhood
	Bribie Island Shopping Centre, Bribie Island 100% Sub-regional
	Caboolture Square, Caboolture 100% Sub-regional
	Coomera Square, Coomera 100% Neighbourhood
	Currimundi Markets, Currimundi 100% Neighbourhood
	Gatton Plaza, Gatton 100% Neighbourhood
	Gladstone Square, Gladstone 50% Neighbourhood
	Bay Plaza, Hervey Bay 100% Neighbourhood
	Kallangur Fair, Kallangur 100% Neighbourhood
	Sydney Street Markets, Mackay 100% Neighbourhood
	Mareeba Square, Mareeba 100% Neighbourhood
	Moranbah Fair, Moranbah 100% Neighbourhood
	Allenstown Square, Rockhampton 100% Neighbourhood
	Springfeld Fair, Springfeld 100% Neighbourhood

South Australia

Victoria

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Lansell Square, Bendigo Brickworks Marketplace, Torrensville
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Summary Number of properties 8 Number of tenancies 172 Total GLA (sqm) 71,571 Valuation Valuation $256.0 million Value ($/sqm) $3,576 Capitalisation rate 7.10% Discount rate 8.37% Tenancy statistics WALE (by income) 8.2 years Occupancy 99.4% Major tenants ABR Contribution (%) Woolworths 19.3% Kmart 18.3% Coles 13.2% Property Ownership (%) Classifcation Bairnsdale Coles, Bairnsdale 100% Freestander Lansell Square, Bendigo 100% Sub-regional Pakington Strand, Geelong West 50% Neighbourhood Kerang Safeway, Kerang 100% Freestander Kyneton Shopping Centre, Kyneton 100% Neighbourhood Moe Coles, Moe 100% Freestander Moe Kmart, Moe 100% Freestander Rosebud Plaza, Rosebud 100% Sub-regional	Summary1
	Number of properties 4
	Number of tenancies 84
	Total GLA (sqm) 37,915
	Valuation
	Valuation $118.7 million
	Value ($/sqm) $3,030
	Capitalisation rate 7.33%
	Discount rate 8.66%
	Tenancy statistics
	WALE (by income) 5.6 years
	Occupancy 97.2%
	Major tenants ABR Contribution (%)
	Big W 18.1%
	Woolworths 16.6%
	Target 11.5%
	Coles 8.1%
	Property Ownership (%) Classifcation
	Southgate Plaza, Morphett Vale 100% Sub-regional
	Wharfands Plaza, Port Augusta 100% Sub-regional
	Renmark Plaza, Renmark 100% Sub-regional
	Brickworks Marketplace, Torrensville 50% Sub-regional

Note:

Property stats exclude Brickworks Marketplace for all stats except for valuation as property’s development had not been finalised.

66 / Retail / Charter Hall Retail REIT

Charter Hall Property Portfolio / 30 June 2015 / 67

Western Australia

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South Hedland Square, South Hedland
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Summary

Summary
Number of properties	12
Number of tenancies	261
Total GLA (sqm)	91,665
Valuation
Valuation	$354.4 million
Value ($/sqm)	$3,866
Capitalisation rate	7.31%
Discount rate	8.57%
Tenancy statistics WALE (by income)	5.8 years
Occupancy	98.1%
Major tenants Woolworths	ABR Contribution (%) 20.0%
Coles	15.8%
Kmart	8.9%

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Secret Harbour Shopping Centre, Secret Harbour
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Property Ownership (%) Classification

Albany Plaza, Albany	100%	Sub-regional
Ballajura Central, Ballajura	100%	Neighbourhood
Carnarvon Central, Carnarvon	100%	Neighbourhood
Collie Central, Collie	100%	Neighbourhood
Esperance Boulevard, Esperance	100%	Neighbourhood
Kalgoorlie Central, Kalgoorlie	100%	Neighbourhood
Maylands Coles, Maylands	100%	Freestander
Narrogin Coles, Narrogin	100%	Freestander
Secret Harbour Shopping Centre, Secret Harbour	100%	Neighbourhood
South Hedland Square, South Hedland	100%	Sub-regional
Swan View Shopping Centre, Swan View	100%	Neighbourhood
Wanneroo Central, Wanneroo	50%	Sub-regional

Australian Capital Territory

Tasmania

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Erindale Shopping Centre, Wanniassa Newstead Coles, Newstead
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Summary Number of properties 3 Number of tenancies 64 Total GLA (sqm) 17,204 Valuation Valuation $95.5 million Value ($/sqm) $5,548 Capitalisation rate 7.03% Discount rate 9.09% Tenancy statistics WALE (by income) 5.8 years Occupancy 98.5% Major tenants ABR Contribution (%) Woolworths 29.2% Coles 16.5% Property Ownership (%) Classifcation Dickson Woolworths, Dickson 100% Freestander Manuka Terrace, Manuka 100% Neighbourhood Erindale Shopping Centre, Wanniassa 100% Neighbourhood	Summary
	Number of properties 3
	Number of tenancies 4
	Total GLA (sqm) 6,446
	Valuation
	Valuation $24.0 million
	Value ($/sqm) $3,731
	Capitalisation rate 7.41%
	Discount rate 7.76%
	Tenancy statistics
	WALE (by income) 6.6 years
	Occupancy 100%
	Major tenants ABR Contribution (%)
	Woolworths 64.0%
	Coles 33.6%
	Property Ownership (%) Classifcation
	Newstead Coles, Newstead 100% Freestander
	Smithton Woolworths, Smithton 100% Freestander
	Wynyard Woolworths, Wynyard 100% Freestander

68 / Retail / Retail Partnership No.1

Retail Partnership No.1

Retail Partnership No.1 (RP1) is a 50/50 joint-venture investment between the Charter Hall Retail REIT and a major Australian Superannuation Fund. The portfolio comprises supermarket anchored neighbourhood and sub-regional shopping centres.

Tenants

By ABR

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37% Woolworths
8% Wesfarmers
3% Australian Pharmaceutical Industries Pty Ltd
2% Retail Food Group
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Annual lease expiry

By net lettable area

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11% FY16
8% FY17
8% FY18
11% FY19
9% FY20
4% FY21
4% FY22
1% FY23
44% FY24+
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Charter Hall Property Portfolio / 30 June 2015 / 69
Retail Partnership No.1
Wanneroo Central, Wanneroo WA
Summary [1]
Number of properties 10
Number of tenancies 299
Total GLA (sqm) 90,526
Valuation (30 June 2015)
Valuation $450.5 million
Value ($/sqm) $4,891
Capitalisation rate 6.77%
Discount rate 8.50%
Tenancy statistics
Portfolio WALE (by income) 11.2 years
Anchor WALE (by income) 21.4 years
Occupancy 99.1%
Major tenants ABR Contribution (%)
Woolworths 28.7%
Big W 7.1%
Coles 3.8%
Property
Carnes Hill Marketplace, Horningsea Park NSW
Highlands Marketplace, Mittagong NSW
Pemulwuy Marketplace, Greystanes NSW
Rutherford Marketplace, Rutherford NSW
Thornleigh Marketplace, Thornleigh NSW
West Ryde Marketplace, West Ryde NSW
Pakington Strand, Geelong West VIC
Gladstone Square, Gladstone QLD
Wanneroo Central, Wanneroo WA
Brickworks Marketplace, SA
Note:
1. Property stats exclude Brickworks Marketplace for all stats except for valuation as
property’s development had not been finalised. Brickworks Marketplace, Torrensville SA
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70 / Retail / Retail Partnership No.2

Retail Partnership No.2

Bateau Bay Square is a sub-regional shopping centre on the Central Coast of NSW, purchased by Charter Hall in 2012. The centre is strongly anchored and continues to strengthen its position providing convenient retail and services for the local community and significant tourist market. The asset is owned by Retail Partnership No.2, a wholesale partnership between Charter Hall Group (20%) and an institutional investor (80%).

Retail Partnership No.2

Top 6 tenants

By gross income

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11% Kmart
7% Coles
6% Woolworths
3% Terry White Chemist
3% The Reject Shop
3% Aldi
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Bateau Bay Square, Bateau Bay NSW

Located on a 9.89ha site, the Centre offers a choice of three supermarkets: Woolworths, Coles and Aldi, plus a Kmart Discount Department Store. Mini Major retailers such as Best and Less, Dick Smith and Reject Shop complement the retail offer and specialty retailers provide a diverse shopping experience that meets the needs of the convenience focused shopper.

Summary

Annual lease expiry

By gross income

4%					Vacant
				19%	CY15

			14%		CY16

		12%			CY17
		14%			CY18

				CY19 CY20 24%

4%
1%				CY21
1%				CY22
1%				CY23
	7%			CY24+

Summary
Number of properties	1
Number of tenancies	97
Total GLA (sqm)	29,191
Valuation (30 June 2015)
Valuation	$200.0 million
Value ($/sqm)	$6,851
Tenancy statistics
Portfolio WALE (by income)	3.1 years
Anchor Wale (by income)	5.1 years
Occupancy	96.9%
Major tenants	NLA(sqm)
Kmart	7,587
Coles	5,135
Woolworths	3,600
Aldi	1,226

Bateau Bay Square, Bateau Bay NSW

72 / Retail / Retail Partnership No.6 (RP6)

Charter Hall Property Portfolio / 30 June 2015 / 73

Retail Partnership No.6

Pacific Square is an inner suburban supermarket based shopping centre located 10km south of the Sydney CBD in the suburb of Maroubra. The centre is anchored by Coles and Aldi Supermarkets together with 50 specialty tenancies. The asset is owned by Retail Partnership No.6 (RP6), a wholesale partnership between Charter Hall Group (20%) and an institutional investor (80%).

Top 6 tenants

By gross income

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15.0% Coles
11.1% Fitness First
6.7% Freshworld
6.1% Aldi
5.5% Priceline Pharmacy
3.4% The Fish Markets @ Maroubra
Annual lease expiry
By gross income
3% Vacant
5% FY15
8% FY16
21% FY17
6% FY18
14% FY19
9% FY20
4% FY21
6% FY22
FY23
0%
23% FY24+
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Retail Partnership No.6

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Pacific Square, Maroubra NSW
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The centre benefits from its positioning on the corner of the busy Anzac Parade (a key north-south arterial leading to the Sydney CBD) and Maroubra Road. The location allows convenient road access from all directions.

Summary
Number of properties	1
Number of tenancies	57
Total GLA (sqm)	13,723
Valuation (30 June 2015)
Valuation	$137.0 million
Value ($/sqm)	$9,983
Tenancy statistics
Portfolio WALE (by income)	4.7 years
Anchor Wale (by income)	8.8 years
Occupancy	98.5%
Major tenants	GLA (sqm)
Coles	3,600
Fitness First	2,530
Aldi	1,382

74 / Retail / Long WALE Hardware Partnership

Charter Hall Property Portfolio / 30 June 2015 / 75

Long WALE Hardware Partnership

BP Fund 1 (BP1), BP Fund 2 (BP2) and the TTP Wholesale Fund (TTP), together referred to as the Long WALE Hardware Partnership (LWHP), is a wholesale partnership with the investment strategy of acquiring and managing a portfolio of well located, long WALE home improvement assets leased to Bunnings and Woolworths across Australia.

Top 3 tenants

By gross income

==> picture [484 x 80] intentionally omitted <==

----- Start of picture text -----

78% Bunnings
4% Keppel Logistics
3% Woolworths
----- End of picture text -----

Annual lease expiry

By gross income

0%	0%		Vacant

	2%		FY15

	~~5~~%		FY16


	1%		FY17
	2%		FY18

	6%		FY19


5%			FY20
12%			FY21

		66%	FY22+

Long WALE Hardware Partnership

==> picture [236 x 179] intentionally omitted <==

Summary
Number of properties		16
Total NLA (sqm)		193,865
Valuation (30 June 2015)
Valuation (on completion)		$576 million
Value ($/sqm)		$2,969
Capitalisation rate		6.68%
Discount rate		8.62%
Tenancy statistics
WALE (by income)		9.4 years
Occupancy		99%
Major tenants
Bunnings		93.0%
Property Ownership (%)		Classifcation
Bunnings Narellan NSW	100%	Metro
Bunnings Chatswood NSW	100%	Metro
Bunnings Castle Hill NSW	100%	Metro
Bunnings Stafford QLD	100%	Metro
Stafford Wiley QLD	100%	Metro
Bunnings Kirrawee NSW	100%	Metro
Bunnings Marsden Park NSW	100%	Metro
Bunnings Kingsgrove NSW	100%	Metro
Bunnings Cairns QLD	100%	Regional
Masters Penrith NSW	100%	Metro
Bunnings, Burleigh Heads QLD	100%	Metro
Bunnings, Gympie QLD	100%	Regional
Bunnings, Mackay North QLD	100%	Regional
Bunnings, Mackay South QLD	100%	Regional
Bunnings, Armadale WA	100%	Metro
Great Western Super Centre, Keppera QLD	100%	Metro

76 / Retail / Charter Hall Direct BW Trust

Charter Hall Direct BW Trust

Charter Hall Direct BW Trust (CHIF11) is an unlisted property syndicate investing in near new Bunnings retail properties located in strategic metropolitan and regional areas.

Annual lease expiry

By gross income

0%			Vacant
0%			FY16
0%			FY17
0%			FY18
0%			FY19
0%			FY20
0% Weighted average lease expiry (years) By gross income 10.8 9.8 9.4 9.4 10.2			FY21
		FY22+ 100%


	10.8	Bunnings, Taree NSW

	10.2	Bunnings, Armidale NSW

		Bunnings, Rosebud NSW
		Bunnings, Rouse Hill NSW
		WALE

Charter Hall Direct BW Trust

==> picture [236 x 180] intentionally omitted <==

----- Start of picture text -----

282 Boneo Rd & 1 & 2 Scotch Ct, Rosebud VIC
----- End of picture text -----

Summary
Number of properties	4
Number of tenancies	4
Total GLA (sqm)	42,052
Valuation (30 June 2015)
Valuation	$75.9 million
Value ($/sqm)	1,805
Tenancy statistics
Portfolio WALE (by income)	9.8 years
Occupancy	100%
Major tenant	GLA(sqm)
Bunnings	42,052

==> picture [252 x 842] intentionally omitted <==

----- Start of picture text -----

Charter Hall Property Portfolio / 30 June 2015 / 77
----- End of picture text -----

78 / Retail / Charter Hall Direct BW Trust

Charter Hall Property Portfolio / 30 June 2015 / 79

Bunnings Armidale

Bunnings Rouse Hill

Cnr Barney St & Canambe St, Armidale NSW

Cnr Windsor Rd & Annangrove Rd, Rouse Hill NSW

==> picture [236 x 179] intentionally omitted <==

The property comprises a purpose built Bunnings Warehouse facility constructed in 2010. The accommodation is configured over a single level comprising a main trading floor with associated nursery, timber trade and loading bay areas together with at grade parking for approximately 211 vehicles.

The property comprises a purpose built Bunnings Warehouse facility constructed in 2012. The property is configured over two levels comprising a main trading floor with associated nursery, timber trade and loading bay areas together with a single level of undercroft parking. The property contains approximately 409 car parking bays.

The property is located in Armidale, a town in the New England Tablelands of regional New South Wales. Armidale is located approximately 535 kilometres north of Sydney and 465 kilometres south of Brisbane, with a population of 25,000. The property is located east of the town centre, on a high profile site at the corner of Barney Street and Canambe Street.

The property is located in Rouse Hill, a north-western suburb

of Sydney, located approximately 30 kilometres from the Sydney CBD. It is located at the corner of Windsor Road, the major arterial road linking Parramatta to the fast growing north-west region of Sydney.

Summary

Year built (or refurbished) 2010 Ownership 100% Total GLA (sqm) 6,929 Valuation (30 June 2015) Valuation $9.0 million Value ($/sqm) $1,299 Last external valuation date 31 December 2014 Valuer CBRE Tenancy statistics WALE (by income) 10.2 years Occupancy 100% Major tenants GLA (sqm) Bunnings 6,929	Year built (or refurbished) 2012
	Ownership 100%
	Total GLA (sqm) 12,176
	Valuation (30 June 2015)
	Valuation $32.7 million
	Value ($/sqm) $2,686
	Last external valuation date 31 December 2014
	Valuer CBRE
	Tenancy statistics
	WALE (by income) 9.4 years
	Occupancy 100%
	Major tenants GLA (sqm)
	Bunnings 12,176

Bunnings Taree

Bunnings Rosebud

Cnr Wingham Rd & Bushland Drive, Taree NSW

282 Boneo Rd & 1 & 2 Scotch Ct, Rosebud VIC

==> picture [236 x 180] intentionally omitted <==

==> picture [237 x 180] intentionally omitted <==

The property was constructed in 2007 and underwent expansion in 2012. The premises provide a modern expanded main warehouse with drive-through timber trade sales, attached bagged goods canopy, outdoor nursery and car parking for approximately 374 vehicles.

The property was completed in 2009. The accommodation is configured over a single level comprising a main trading floor with associated nursery, timber trade and loading bay areas together with at grade parking for approximately 344 vehicles.

The property is located in the bayside suburb of Rosebud, approximately 70 kilometres south of the Melbourne CBD. It is located west off Boneo Road on the fringe of the Rosebud township within an established industrial precinct. The property represents the closest Bunnings for towns south of Rosebud on the Mornington Peninsula, providing a strong catchment area.

The property is located in Taree, a town on the mid-north coast of regional New South Wales. Taree is located approximately 325 kilometres north of Sydney and 620 kilometres south of Brisbane, and has a population of 20,000.

Summary

Year built (or refurbished) 2009 Ownership 100% Total GLA (sqm) 13,293 Valuation (30 June 2015) Valuation $15.9 million Value ($/sqm) $1,196 Last external valuation date 31 December 2014 Valuer CBRE Tenancy statistics WALE (by income) 10.8 years Occupancy 100% Major tenants GLA (sqm) Bunnings 13,293	Year built (or refurbished) 2007 (2012)
	Ownership 100%
	Total GLA (sqm) 9,654
	Valuation (30 June 2015)
	Valuation $18.3 million
	Value ($/sqm) $1,896
	Last external valuation date 31 December 2014
	Valuer CBRE
	Tenancy statistics
	WALE (by income) 9.4 years
	Occupancy 100%
	Major tenants GLA (sqm)
	Bunnings 9,654

56 Anzac Street, Chullora NSW

Charter Hall Property Portfolio / 30 June 2015 / 83

Core Plus Industrial Fund

Charter Hall’s Core Plus Industrial Fund (CPIF) was launched in 2007. The Fund predominantly targets assets within the industrial and logistics sectors in major capital city markets of Australia, and sources a mix of core and enhanced investment grade property assets.

Top 10 tenants

By gross income

Coles Distribution Centre, Perth WA

==> picture [485 x 576] intentionally omitted <==

----- Start of picture text -----

14% Coles Group
7% Metcash
6% Volkswagen
6% Fosters
5% Fastline International
5% Woolworths
5% Northline Logistics
4% GWA Group
4% PrixCar
3% Arrium
Annual lease expiry
By gross income
2% Vacant
1% FY16
18% FY17
14% FY18
8% FY19
3% FY20
2% FY21
5% FY22
47% FY23+
----- End of picture text -----

84 / Industrial / Core Plus Industrial Fund

Charter Hall Property Portfolio / 30 June 2015 / 85

Fund Statistics

Asset diversification

Core vs. Enhanced assets

By current value

Canning Vale Distribution Facility, WA 7% Chullora Distribution Facility, NSW 6% Canning Vale Distribution Centre, WA 6% Chullora Industrial Park, NSW 5% Rosehill Distribution Centre, NSW 5% Willawong Logistics Facility, QLD 5% Coles Distribution Centre, WA 5% Laverton Logistics Centre, VIC 4% Translink Distribution Centre, TAS 4% Kewdale Distribution Centre, WA 3% Chatswood Business Park, NSW 3% Derrimut Distribution Centre, VIC 3% Wetherill Park Distribution Centre, NSW 3% Holt Street Distribution Centre, QLD 3% Main Beach Distribution Centre (1), QLD 3% Main Beach Distribution Centre (2) QLD 2% Geebung Industrial Park, QLD 2% East Arm Port Distribution Facility, NT 2% Sugarmill Industrial Park, QLD 2% Smithfeld Distribution Facility, NSW 2% Interchange Distribution Centre, VIC 2% Peachy Road Distribution Centre, QLD 2% Welshpool Distribtuion Centre, WA 2% Gillman Distribution Centre, SA 2% Huntingwood Logistics Park (1), NSW 2% Hemmant Industrial Park (1), QLD 2% Hemmant Industrial Park (2), QLD 1% Huntingwood Logistics Park (2), NSW 1% Link Road Distribution Centre, VIC 1% Edinburgh Distribution Centre, SA 1% Motorway Industrial Park, QLD 1% Minto Distribution Centre, NSW 1% South Centre Road Logistics Facility, VIC 1% Sherbrooke Industrial Park, QLD 1% Willawong Distribution Centre, QLD 1% Trade Coast Industrial Park, QLD 1% The Link Industrial Park, VIC 1% Berrinba Distribution Centre, QLD 1% Sky Road Logistics Facility, VIC 1% Viola Logistics Facility, QLD 1% Smithfeld Distribution Facility, NSW 1%	17%		83%

	Core		83%
	Enhanced		17%
	Geographical diversifcation By current value
	2% 4% 3% 23%		29% 26% 13%
	New South Wales		29%
	Victoria		13%
	Queensland		26%
	Western Australia		23%
	South Australia		3%
	Tasmania		4%
	Northern Territory		2%

Weighted average lease expiry (years)

By gross income



			21.7

		19.4

		15.0
	12.9

	12.4

	12.0

9.9
9.3

8.9

8.9

8.8

8.6

8.5

7.9

7.4

6.5

6.2

6.0

5.6

5.1

4.5

4.3
4.2

4.1

3.9

3.3

2.9
2.9

2.7

2.3

2.0

1.8
~~1~~3
~~.~~
~~1.~~3

7.2

WALE

Charter Hall Property Portfolio / 30 June 2015 / 87

June 2015 Capitalisation Rate 7.56% June 2015 Discount Rate 8.90%”

	CPIF	June 2015	WALE	Weighted avg
	Ownership (%)	valuation (A$M)	(years)	rent reviews (%)
Chatswood Business Park, NSW	100%	35.5	4.1	3.42%
Chullora Industrial Park (Leasehold), NSW	100%	18.1	3.3	3.86%
Chullora Industrial Park (Freehold), NSW	100%	41.0	3.3	3.86%
Chullora Distribution Facility, NSW	100%	73.2	9.3	3.25%
Huntingwood Logistics Park (1), NSW	100%	21.3	8.9	3.50%
Huntingwood Logistics Park (2), NSW	100%	8.2	5.1	4.00%
Smithfeld Distribution Facility, NSW	100%	25.6	6.5	3.50%
Rosehill Distribution Centre, NSW1	100%	55.0	2.3	3.51%
Minto Distribution Centre, NSW	100%	13.3	4.5	2.00%
Wetherill Park Distribution Centre, NSW	100%	33.8	2.9	3.00%
Sky Road Logistics Facility, VIC	100%	7.0	1.3	3.50%
Link Road Distribution Centre, VIC	100%	15.4	4.2	3.37%
Derrimut Distribution Centre, VIC	100%	34.6	12.4	3.50%
South Centre Road Logistics Facility, VIC	100%	12.2	3.9	3.50%
Laverton Logistics Centre, VIC	100%	44.5	2.7	3.69%
Interchange Distribution Centre, VIC	100%	20.1	2.0	3.20%
Sugarmill Industrial Park, QLD	100%	26.8	6.2	3.63%
Geebung Industrial Park, QLD	100%	27.5	2.9	2.79%
Viola Logistics Facility, QLD	100%	7.0	1.8	3.25%
Main Beach Distribution Centre (1), QLD	100%	33.2	8.6	3.25%
Main Beach Distribution Centre (2), QLD	100%	19.8	9.9	3.50%
Hemmant Industrial Park (1), QLD	100%	18.5	7.4	3.50%
Hemmant Industrial Park (2), QLD	100%	13.2	19.4	3.00%
Willawong Logistics Facility, QLD	100%	52.1	24.9	3.25%
Willawong Distribution Centre, QLD	100%	9.5	7.9	3.50%
Peachy Road Distribution Centre, QLD2	100%	20.0	15.0	3.50%
Gillman Distribution Centre, SA	100%	18.6	6.0	3.00%
Edinburgh Distribution Centre, SA	100%	15.0	8.8	4.00%
Kewdale Distribution Centre, WA	100%	37.3	4.3	3.72%
Coles Distribution Centre, WA	25%	52.0	12.9	2.75%
Canning Vale Distribution Facility, WA	50%	79.4	8.5	2.00%
Canning Vale Distribution Centre, WA	100%	73.0	1.3	3.00%
Welshpool Distribution Centre, WA	100%	19.7	8.9	3.50%
Translink Distribution Centre, TAS	50%	44.0	21.7	2.80%
East Arm Port Distribution Facility, NT2	100%	27.0	12.0	3.00%
Holt Street Distribution Centre, QLD	100%	31.5	5.6	4.00%
Trade Coast Industrial Park (Land), QLD	100%	9.1	N/A	N/A
Motorway Industrial Park (Land), QLD	100%	14.3	N/A	N/A
Berrinba Distribution Centre (Land), QLD	100%	8.4	N/A	N/A
Sherbrooke Industrial Park (Land), QLD	100%	11.8	N/A	N/A
Smithfeld Distribution Facility, NSW	100%	6.9	N/A	N/A
The Link Industrial Park (Land), VIC	100%	8.8	N/A	N/A
Total/Weighted average		1,143.1	7.2	3.24%

Note:

==> picture [134 x 9] intentionally omitted <==

----- Start of picture text -----

309 Fitzgerald Road, Derrimut Vic
----- End of picture text -----

Includes adjoining land.
Forecast completion value.

88 / Industrial / Core Plus Industrial Fund

Charter Hall Property Portfolio / 30 June 2015 / 89

Chatswood Business Park

372 Eastern Valley Way Chatswood NSW

==> picture [236 x 179] intentionally omitted <==

The Chatswood Business Park is located on a high profile site at the corner of Eastern Valley Way and Smith Street, two kilometres north east of the Chatswood Regional Centre and 10 kilometres north of the Sydney CBD.

The property comprises a modern, ten unit industrial complex that was completed in 1986. The units are constructed over two main levels and have a GLA of 12,675sqm. The top level of the estate is occupied by traditional industrial tenants, whilst the ground level of the estate comprises more commercial and household retail uses. Bunnings now occupies the adjoining site.

Summary

Summary
Year built (or refurbished)	1986
Ownership	100%
Total GLA (sqm)	12,675
Valuation (30 June 2015)
Valuation	$35.5 million
Value ($/sqm)	$2,801
Last external valuation date	30 June 2015
Valuer	CBRE
Tenancy statistics
WALE (by income)	4.1 years
Occupancy	100%
Major tenants	GLA (sqm)
Petbarn	4,229
The Good Guys	2,566

Chullora Industrial Park

56 Anzac Street Chullora NSW

==> picture [236 x 180] intentionally omitted <==

The property comprises two substantial industrial warehouse/office facilities, with attached awning and hardstand areas situated on a site of 6.476ha. Building one comprises a modern showroom/office area fronting the Hume Highway and warehouse area to the rear. It is occupied by Volvo Truck Australia and has a GLA of 6,995sqm.

Building two is a large freestanding office/warehouse of approximately 21,204sqm. Internal clearance up to 13 metres and access is provided via a series of 15 roller shutter doors with a large covered awning and large open marshalling areas.

Summary

Summary
Year built (or refurbished)	2010
Ownership	100%
Total GLA (sqm)	28,198
Valuation (30 June 2015)
Valuation1	$59.1 million
Value ($/sqm)	$642
Last external valuation date	30 June 2015
Valuer	CBRE
Tenancy statistics
WALE (by income)	3.3 years
Occupancy	100%
Major tenants	GLA (sqm)
Australia Post	10,507
Shriro	10,409
Volvo	6,995

Chullora Distribution Facility 24 Muir Road Chullora NSW

Huntingwood Logistics Park

15 Huntingwood Drive Huntingwood NSW

==> picture [236 x 180] intentionally omitted <==

==> picture [237 x 180] intentionally omitted <==

Located within Chullora Business Park, the new Volkswagen Group Australia head office and distribution centre comprises three office levels over 10,500sqm, an international training centre, service area and a high clearance warehouse facility comprising 16,000sqm.

The property incorporates a modern logistics facility that has a gross lettable area of 11,737sqm, with a reinforced concrete mezzanine within the warehouse of a further 1,598sqm and awnings of 1,219sqm. The property is situated on a site of 3.67 hectares (site coverage of 32%) in the established industrial estate of Huntingwood, adjoining the M4 motorway approximately 34 kilometres west of the Sydney CBD and 10 kilometres west of Parramatta. The site provides for a further potential 3,000sqm of GLA.

The state of the art facility comprises warehouse accommodation featuring a minimum clearance height of approximately ten metres and ten recessed docks and onsite expansion of up to 8,000sqm.

Summary

Summary		Summary
Year built (or refurbished)	2011	Year built (or refurbished)	1996
Ownership	100%	Ownership	100%
Total GLA (sqm)	26,739	Total GLA (sqm)	12,960
Valuation (30 December 2015)		Valuation (31 December 2014)
Valuation	$73.2 million	Valuation	$21.3 million
Value ($/sqm)	$2,738	Value ($/sqm)	$1,640
Last external valuation date	30 June 2015	Last external valuation date	31 December 2014
Valuer	Directors	Valuer	Knight Frank
Tenancy statistics		Tenancy statistics
WALE (by income)	9.3 years	WALE (by income)	8.9 years
Occupancy	100%	Occupancy	100%
Major tenant	GLA (sqm)	Major tenant	GLA (sqm)
Volkswagen	26,739	Danks (Woolworths Limited)	12,960

Note:

Value includes $41 million freehold interest.

90 / Industrial / Core Plus Industrial Fund

Charter Hall Property Portfolio / 30 June 2015 / 91

Huntingwood Logistics Park 11 Huntingwood Drive, Huntingwood NSW

==> picture [236 x 179] intentionally omitted <==

The property incorporates a modern generic logistics facility that has a gross lettable area of 5,391sqm with awnings of a further 267sqm. The property is in good condition with the improvements being circa 18 years old incorporating an office ratio of 8%, offering a large hardstand/truck marshalling area and onsite car parking for approximately 72 vehicleas. The property forms part of a larger logistics estate combining with the funds adjoining 15 Huntingwood Drive.

Summary

Summary
Year built (or refurbished)	1995
Ownership	100%
Total GLA (sqm)	5,391
Valuation (30 June 2015)
Valuation	$8.2 million
Value ($/sqm)	$1,512
Last external valuation date	30 June 2015
Valuer	Directors
Tenancy statistics
WALE (by income)	5.1 years
Occupancy	100%
Major tenant	GLA (sqm)
Uni-Span Australia	5,391

Smithfield Distribution Facility 15 Long Street, Smithfield NSW

==> picture [236 x 180] intentionally omitted <==

----- Start of picture text -----

Artist’s Impression
----- End of picture text -----

The site is situated within Smithfield, a land constrained, inner ring established industrial suburb of western Sydney. Smithfield is located approximately 30 kilometres west of the Sydney CBD and is close to the M4 motorway. The property lies on the corner of Long and Britton Streets some 750 metres from the Cumberland Highway. The Cumberland Highway provides connection with the M4 Motorway in the north and the Hume Highway in the south. The Fund recently completed the development of a purpose built, generic 16,516sqm distribution facility leased to Northline Logistics for an initial eight year term.

Summary

Summary
Year built (or refurbished)		2014
Ownership		100%
Total GLA (sqm)		16,516
Valuation (31 December 2014)
Valuation		$25.6 million
Value ($/sqm)		$1,552
Last external valuation date		31 December 2014
Valuer		CBRE
Tenancy statistics
WALE (by income)		6.5 years
Occupancy		100%
Major tenant		GLA (sqm)
Northline Logistics		16,516

Rosehill Distribution Centre

Minto Distribution Centre

5 Devon Street, Rosehill NSW

42 Airds Road, Minto NSW

==> picture [236 x 180] intentionally omitted <==

==> picture [237 x 180] intentionally omitted <==

The generic logistics facility is situated within the established land constrained industrial suburb of Rosehill, approximately 2.5 radial kilometres east of the Parramatta Central Business District and approximately 21 kilometres west of the Sydney Central Business District. The site sits adjacent to the M4 Motorway with other nearby warehousing and distribution centres includes Ryobi, Bunnings, Linfox, Miele, Veolia and Allied Express. Improvements comprise a 30,867sqm high clearance, generic logistics facility currently leased to SAB Miller. The building also offers the flexibility to be split.

The generic distribution centre is located on the eastern side of Airds Road which is the main link road of the Minto industrial area and is within close proximity to the Campbelltown Road ramps to the M5 Motorway that provide access in both northern and southerly directions. The property is situated on a designated B-double route. The Minto Industrial area is located within the South Western Sydney region within close proximity to the M5 and M7 Motorways.

Summary Year built (or refurbished) 2007 Ownership 100% Total GLA (sqm) 30,655 Valuation (30 June 2015) Valuation1 $55.0 million Value ($/sqm) $1,760 Last external valuation date 30 June 2015 Valuer Jones Lang LaSalle Tenancy statistics WALE (by income) 2.3 years Occupancy 100% Major tenant GLA (sqm) Fosters 30,655	Summary
	Year built (or refurbished) 1990
	Ownership 100%
	Total GLA (sqm) 10,766
	Valuation (31 December 2014)
	Valuation $13.3 million
	Value ($/sqm) $1,235
	Last external valuation date 31 December 2014
	Valuer CBRE
	Tenancy statistics
	WALE (by income) 4.5 years
	Occupancy 100%
	Major tenant GLA (sqm)
	Pact Group 10,766

Note:

Includes adjoining land.

92 / Industrial / Core Plus Industrial Fund

Charter Hall Property Portfolio / 30 June 2015 / 93

Wetherill Park Distribution Centre 300 Victoria Street, Wetherill Park NSW

Sky Road Logistics Facility

55-65 Sky Road, Tullamarine VIC

==> picture [236 x 179] intentionally omitted <==

==> picture [236 x 174] intentionally omitted <==

300 Victoria Street, Wetherill Park is the manufacturing and distribution facility for GWA in NSW and comprises both an older style manufacturing warehouse and a modern distribution warehouse providing 40,774sqm GLA. The improvements sit on a total site area of 80,480 square metres on four separate titles. The Property is prominently and conveniently located at Wetherill Park approximately 34 radial kilometres west of the Sydney CBD and approximately 12 radial kilometres from the Parramatta CBD.

The property comprises a logistics facility, within the Melbourne Airport Business Park, which is located to the southern confines of Tullamarine Airport.

The Kathmandu facility comprises a two level office attached to a sprinklered, high bay (ten metre springing height) warehouse totalling approximately 10,040sqm, both on-grade and recessed dock loading provides for B-double access.

Summary

Summary		Summary
Year built (or refurbished)	2005	Year built (or refurbished)	2006
Ownership	100%	Ownership	100%
Total GLA (sqm)	40,774	Total GLA (sqm)	10,040
Valuation (31 May 2015)		Valuation (30 June 2015)
Valuation	$33.8 million	Valuation	$7.0 million
Value ($/sqm)	$829	Value ($/sqm)	$697
Last external valuation date	31 May 2015	Last external valuation date	30 June 2015
Valuer	CBRE	Valuer	Savills
Tenancy statistics		Tenancy statistics
WALE (by income)	2.9 years	WALE (by income)	1.3 years
Occupancy	100%	Occupancy	100%
Major tenant	GLA (sqm)	Major tenant	GLA (sqm)
GWA Group	40,774	Kathmandu	10,040

Link Road Distribution Centre

Derrimut Distribution Centre

130-138 Link Road, Tullamarine VIC

309 Fitzgerald Road, Derrimut VIC

==> picture [236 x 180] intentionally omitted <==

==> picture [237 x 180] intentionally omitted <==

The property comprises a logistics facility, within the Melbourne Airport Business Park, which is located to the southern confines of Tullamarine Airport. The facility comprises two stages, the Caterpillar Logistics tenancy, two level office attached to a sprinklered, high bay (ten metre springing height) warehouse totalling 10,678sqm and providing both on-grade and recessed dock loading.

Situated on a 48,253sqm site is a modern distribution facility, which was constructed over three stages, commencing in 1998 and completed in 2004. The facility comprises a total core GLA of 27,432sqm, made up of a 2,303sqm office and a 25,129sqm warehouse.

The property is an excellent modern logistics facility, enjoying a convenient location, only 800 metres from the Western Ring Road on and off ramps. The site coverage provides efficient B-double access and the flexibility to be subdivided into smaller tenancies.

The balance of this building comprises a further two level office attached to a sprinklered, high bay warehouse totalling 10,479sqm and providing both on-grade and recessed dock loading leased to the Victorian Government.

Summary

Summary		Summary
Year built (or refurbished)	2006	Year built (or refurbished)	2004
Ownership	100%	Ownership	100%
Total GLA (sqm)	21,157	Total GLA (sqm)	27,432
Valuation (30 June 2015)		Valuation (30 June 2015)
Valuation	$15.4 million	Valuation	$34.6 million
Value ($/sqm)	$728	Value ($/sqm)	$1,261
Last external valuation date	30 June 2015	Last external valuation date	30 June 2015
Valuer	Savills	Valuer	m3 Property
Tenancy statistics		Tenancy statistics
WALE (by income)	4.2 years	WALE (by income)	12.4 years
Occupancy	100%	Occupancy	100%
Major tenants	GLA (sqm)	Major tenant	GLA (sqm)
Victorian Electoral Commission	10,678	Fastline International	27,432
Neovia Logistics	10,479

94 / Industrial / Core Plus Industrial Fund

Charter Hall Property Portfolio / 30 June 2015 / 95

Laverton Logistics Centre

South Centre Road Logistics Facility 41-57 South Centre Road, Tullamarine VIC

32-58 William Angliss Drive, Laverton VIC

==> picture [236 x 179] intentionally omitted <==

==> picture [236 x 180] intentionally omitted <==

The property comprises a modern, flexible logistics facility situated in a core industrial precinct in the west of Melbourne. The property features dual street frontage to William Angliss Drive, approximately one kilometre west of Fitzgerald Road within the western industrial suburb of Laverton North. The property comprises a modern industrial estate, which is arranged over three buildings and four tenancies extending to a combined GLA of approximately 46,218sqm situated upon a 10.37 hectare land parcel. The site cover is approximately 45% with potential expansion land of some 4,000sqm.

Ideally located within the Melbourne Airport precinct, the site is in close proximity to all airport freight and logistics facilities as well as excellent immediate access to major freeway systems. This new facility was completed and occupied in May 2009, and features GLA of 13,716sqm incorporating a high clearance (ten metre) sprinklered warehouse with roller shutter doors and recessed loading docks, an external 15 metre awning and efficient B-double access.

Summary		Summary
Year built (or refurbished)	2009	Year built (or refurbished)	2006
Ownership	100%	Ownership	100%
Total GLA (sqm)	13,716	Total GLA (sqm)	46,218
Valuation (30 June 2015)		Valuation (30 June 2015)
Valuation	$12.2 million	Valuation	$44.5 million
Value ($/sqm)	$889	Value ($/sqm)	$963
Last external valuation date	30 June 2015	Last external valuation date	30 June 2015
Valuer	Savills	Valuer	Jones Lang LaSalle
Tenancy statistics		Tenancy statistics
WALE (by income)	3.9 years	WALE (by income)	2.7 years
Occupancy	100%	Occupancy	100%
Major tenant	GLA (sqm)	Major tenants	GLA (sqm)
DB Schenker	13,716	Fastline International	24,627
		Kimberly Clark	16,766

Sugarmill Industrial Park

Interchange Distribution Centre

17 Sugarmill Road, Meeandah QLD

2-10 Interchange Drive, Laverton VIC

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The Citiport Industrial Estate is located approximately nine kilometres north east of the Brisbane CBD in the heart of the TradeCoast Precinct. The estate is accessed directly from Sugarmill Road and provides for good access and manoeuvrability.

A modern logistics estate with a GLA of 20,627sqm that is situated on a site of 40,910sqm. The estate comprises two highly generic, high clearance industrial buildings with sizes of 7,709sqm and 12,925sqm that are leased to Spotlight and Specialised Australia respectively. The property is situated on the north-eastern corner of Leakes Road and Interchange Drive with a northern frontage to Link Way. The property is located approximately 16 kilometres west of the Melbourne CBD and is within 1.5 kilometres of the major intersection of Leakes Road with the Princes Freeway.

The property comprises seven modern office and warehouse space erected in three buildings, together with 135 car spaces. The estate has a GLA of 14,244sqm with approved expansion potential of approximately 4,150sqm and ability to carve into three separate allotments.

Summary		Summary
Year built (or refurbished)	2010	Year built (or refurbished)	1991/1996
Ownership	100%	Ownership	100%
Total GLA (sqm)	20,627	Total GLA (sqm)	14,244
Valuation (31 December 2014)		Valuation (30 June 2015)
Valuation	$20.1 million	Valuation	$26.8 million
Value ($/sqm)	$974	Value ($/sqm)	$1,881
Last external valuation date	31 December 2014	Last external valuation date	30 June 2015
Valuer	CBRE	Valuer	Directors
Tenancy statistics		Tenancy statistics
WALE (by income)	2.0 years	WALE (by income)	6.2 years
Occupancy	100%	Occupancy	100%
Major tenants	GLA (sqm)	Major tenants	GLA (sqm)
Spotlight	12,925	Thales	11,236
Specialized	7,702	CV Services	2,943

96 / Industrial / Core Plus Industrial Fund

Charter Hall Property Portfolio / 30 June 2015 / 97

Geebung Industrial Park 140-160 Robinson Road, Geebung QLD

Viola Logistics Facility

7 Viola Place, Brisbane Airport QLD

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140–160 Robinson Road comprises two industrial sites located within the core industrial precinct of Geebung, which is located within close proximity to Brisbane Airport and the Gateway Motorway. The properties have prominent frontage on Robinson Road, which is currently undergoing considerable gentrification toward a higher office/showroom style product. The acquisition of both the Robinson Road properties created an institutional grade industrial estate. The metrics for both properties are assessed as one single holding.

The property comprises a 14,920sqm leasehold site, improved with a newly completed logistics building, providing a 1,668sqm two level office and 4,881sqm warehouse, with a minimal internal clearance height of eight metres and an additional 1,370sqm of awnings and B-double access. Off-street parking is provided for 105 cars.

The property is located within the newly developed Brisbane Airport Business Park and sits alongside DHL, Repco and Custom Fleet, providing further support for the location as a logistics hub.

Summary

Summary		Summary
Year built (or refurbished)	2002-2006	Year built (or refurbished)	2007
Ownership	100%	Ownership	100%
Total GLA (sqm)	17,380	Total GLA (sqm)	6,549
Valuation (30 June 2015)		Valuation (30 June 2015)
Valuation	$27.5 million	Valuation	$7.0 million
Value ($/sqm)	$1,582	Value ($/sqm)	$1,069
Last external valuation date	30 June 2015	Last external valuation date	30 June 2015
Valuer	Colliers	Valuer	Jones Lang LaSalle
Tenancy statistics		Tenancy statistics
WALE (by income)	2.9 years	WALE (by income)	1.8 years
Occupancy	100%	Occupancy	100%
Major tenants	GLA (sqm)	Major tenant	GLA (sqm)
TJM Products	9,310	Toll	6,549
Protector Alsafe / Wesfarmers	4,396
Wild Republic (K&M Toys)	1,977

Main Beach Distribution Centre

30 Main Beach Road, Pinkenba QLD

56 Main Beach Road, Pinkenba QLD

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The property comprises a newly constructed warehouse and motor vehicle storage facility on a long term lease to CEVA. The facility has a GLA of 8,033sqm which comprises a low site cover of 27% with significant hardstand storage area that provides expansion potential.

Main Beach Distribution Centre is a state of the art logistics facility located on a large land holding of 4.22ha strategically situated within the Trade Coast Precinct, close to Brisbane Airport, the Port of Brisbane and the Brisbane CBD on the north side of the river.

Situated at the northern end of the established industrial suburb of Pinkenba (which forms part of the TradeCoast precinct), the subject property is benefitted by ease of access to the north and south together with the additional benefit of being in close proximity to Kingsford Smith Drive which services the Brisbane Airport and Port of Brisbane.

The facility has a GLA of 11,705sqm incorporating a high clearance (9.7 metres) warehouse, with multiple access points, together with two level offices and amenities, b-double access, an expansive marshalling area and on-grade access.

Summary

Summary		Summary
Year built (or refurbished)	2008	Year built (or refurbished)	2015
Ownership	100%	Ownership	100%
Total GLA (sqm)	11,705	Total GLA (sqm)	8,033
Valuation (30 June 2015)		Valuation (30 June 2015)
Valuation	$33.2 million	Valuation	$19.8 million
Value ($/sqm)	$2,836	Value ($/sqm)	$2,465
Last external valuation date	30 June 2015	Last external valuation date	30 July 2015
Valuer	Directors	Valuer	Knight Frank
Tenancy statistics		Tenancy statistics
WALE (by income)	8.6 years	WALE (by income)	9.9 years
Occupancy	100%	Occupancy	100%
Major tenant	GLA (sqm)	Major tenant	GLA (sqm)
Arrium	11,705	Ceva Logistics	8,033

98 / Industrial / Core Plus Industrial Fund

Charter Hall Property Portfolio / 30 June 2015 / 99

Hemmant Industrial Park

80 -120 Canberra Street, Hemmant QLD

1495 Lytton Road, Hemmant QLD

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The property comprises four contiguous lots (totalling 5.56ha) situated to the eastern alignment of Lytton Rd improved with six buildings. There is a triple net lease in place to Inghams Property Management Pty Ltd for a term of 20 years with five options of 10 years available.

The property comprises a level and regular shaped industrial site of 4.8103ha (45,000sqm of useable) that is situated on a high profile corner location in the established and land constrained industrial area of Hemmant within the southern Trade Coast precinct of Brisbane.

The property is within close proximity to the Port of Brisbane and is easily accessed via Lytton Road and the Port of Brisbane Motorway, with on/off ramps to the Motorway located approximately 700 metres to the east. The site is also within close proximity to the Gateway Arterial Motorway, offering ease of access both north and south.

Summary

Summary		Summary
Year built (or refurbished)	n/a	Year built (or refurbished)	N/A
Ownership	100%	Ownership	100%
Total GLA (sqm)	45,000	Total GLA (sqm)	13,250
Valuation (31 December 2014)		Valuation (30 June 2015)
Valuation	$18.5 million	Valuation	$13.2 million
Value ($/sqm)	$411	Value ($/sqm)	$237
Last external valuation date	31 December 2014	Last external valuation date	30 June 2015
Valuer	Jones Lang LaSalle	Valuer	Jones Lang LaSalle
Tenancy statistics		Tenancy statistics
WALE (by income)	7.4 years	WALE (by income)	19.4 years
Occupancy	100%	Occupancy	100%
Major tenant	GLA (sqm)	Major tenant	GLA (sqm)
Tyne Containers	45,000	Inghams	13,250

Willawong Logistics Facility

Willawong Distribution Centre

237 Gooderham Road, Willawong QLD

379 Sherbrooke Road, Willawong QLD

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Artist’s Impression
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The Property is situated 15 radial kilometres south of the Brisbane CBD at Willawong, an emerging industrial area that directly adjoins Acacia Ridge, one of the prime industrial locations in south east Queensland, which features easy access to major road infrastructure such as the Logan Motorway and Ipswich Highway.

The Property is situated on the western side of Sherbrooke Road, Willawong, and approximately 15 radial kilometres south of the Brisbane CBD.

Upon completion of the facility in early 2015 the property will comprise a freestanding, modern office and high clearance industrial warehouse facility of approximately 3,400sqm developed on a 8,018sqm site. The property is being purpose built for AkzoNobel, a leading multi national company. On completion AkzoNobel will commence an 8 year lease with annual reviews to the greater of CPI or 3.5%.

Upon completion in early 2015 at which time PrixCar will commence a new 25 year lease, the Property will comprise a modern freestanding industrial warehouse facility of 4,587sqm, with covered hardstand areas totalling 57,163sqm and uncovered hardstand areas totalling 56,000sqm on a site area of 14.65ha.

Summary		Summary
Year built (or refurbished)	2015	Year built (or refurbished)	2015
Ownership	100%	Ownership	100%
Total GLA (sqm)	4,587	Total GLA (sqm)	3,415
Valuation (30 June 2015)		Valuation (30 June 2015)
Valuation	$52.1 million	Valuation	$9.5 million
Site value ($/sqm)	$356	Value ($/sqm)	$2,782
Last external valuation date	30 June 2015	Last external valuation date	30 June 2015
Valuer	Knight Frank	Valuer	Knight Frank
Tenancy statistics		Tenancy statistics
WALE (by income)	24.9 years	WALE (by income)	7.9 years
Occupancy	100%	Occupancy	100%
Major tenant	GLA (sqm)	Major tenant	GLA (sqm)
Prixcar	4,587	Akzo Nobel	3,400

100 / Industrial / Core Plus Industrial Fund

Charter Hall Property Portfolio / 30 June 2015 / 101

Peachy Road Distribution Centre Lots 2 & 3 Peachey Road, Yatala QLD

Gillman Distribution Centre Lot 2, Grand Trunkway, Gillman SA

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Artist’s Impression

Upon completion of development works the property will comprise a modern freestanding logistics facility with a total building area of 9,550sqm developed on a 36,380sqm lot within Yatala, approximately 40 radial kilometres south of the Brisbane GPO.

The property comprise a 31,589sqm generic distribution centre and is well located, approximately 18km north west of Adelaide CBD. The property is a short distance from the Port River Expressway which provides a direct link to national Highway One. The Port River Expressway is a recent extension of the Salisbury Highway linking the Port to the north of Adelaide. The property also benefits from being a short distance to interstate rail networks and easy linkages to outer harbour (Adelaide’s major port) and was recently refurbished to include and ESFR upgrade.

Summary

Year built (or refurbished) 2015 Ownership 100% Total GLA (sqm) 9,550 Valuation (30 June 2015) Valuation $20.0 million Value ($/sqm) $1,602 Last external valuation date 30 June 2015 Valuer Johns Lang LaSalle Tenancy statistics WALE (by income) 15.0 years Occupancy 100% Major tenant GLA (sqm) Cope Sensitive Freight 9,550	Year built (or refurbished) 2013
	Ownership 100%
	Total GLA (sqm) 31,589
	Valuation (30 June 2015)
	Valuation $18.6 million
	Value ($/sqm) $589
	Last external valuation date 30 June 2015
	Valuer Savills
	Tenancy statistics
	WALE (by income) 6.0 years
	Occupancy 100%
	Major tenant GLA (sqm)
	AWH/DP World 31,589

Edinburgh Distribution Centre 103-108 West Avenue, Edinburgh SA

Kewdale Distribution Centre

123-135 Kewdale Road, Kewdale WA

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This modern freestanding industrial facility was completed in March 2009 by Ahrens Group for occupation by MTU Detroit Diesel. The property comprises an industrial facility providing office, showroom, warehouse and workshop accommodation extending to of 5,423sqm with a detached Dyno (Testing) Building of 557sqm. The combined GLA of the property is 5,980sqm with additional awning cover of 853sqm.

The property is located approximately eight kilometres south of the Perth CBD, one kilometre south of Perth Airport and adjoins the Kewdale Freight Terminal. It is a proven transport and distribution location, and is in close proximity to the Leach, Tonkin and Roe Highways.

The 4.5ha site contains a former Woolworths distribution centre, comprising approximately 2,071sqm of office and 26,947sqm of warehouse space. The facility provides complete drive around and double access, in addition to both on-grade and dock access.

The property has a low site coverage of 21% and in addition to the improved components, heavy duty hardstand of 13,925m² is provided on site.

Summary Year built (or refurbished) 2009 Ownership 100% Total GLA (sqm) 5,980 Valuation (30 June 2015) Valuation $15.0 million Value ($/sqm) $2,508 Last external valuation date 30 June 2015 Valuer Jones Lang LaSalle Tenancy statistics WALE (by income) 8.8 years Occupancy 100% Major tenant GLA (sqm) Penske 5,980	Summary
	Year built (or refurbished) 2007
	Ownership 100%
	Total GLA (sqm) 29,018
	Car spaces n/a
	Valuation (30 June 2015)
	Valuation $37.3 million
	Value ($/sqm) $1,285
	Last external valuation date 30 June 2015
	Valuer m3 Property
	Tenancy statistics
	WALE (by income) 4.3 years
	Occupancy 100%
	Major tenants GLA (sqm)
	Chevron 14,362
	Coles 12,585
	Woolworths 2,071

Note

Forecast on completion value.

102 / Industrial / Core Plus Industrial Fund

Charter Hall Property Portfolio / 30 June 2015 / 103

Canning Vale Distribution Facility

Coles Distribution Centre

218 Bannister Road, Canning Vale WA

136 Horrie Miller Drive, Perth WA

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The Coles Distribution Centre is a state-of-the-art logistics facility located on a 25ha site strategically situated within Perth Airport, ten kilometres east of the Perth CBD. The centre is located on Horrie Miller Drive, midway from its intersection with Tonkin Highway and Perth International Terminal. Perth Airport is one of the major logistics hubs in Western Australia, with tenants including Woolworths, Toll, Electrolux and Linfox recently committing to large facilities along Horrie Miller Drive.

The property incorporates a modern logistics facility that has a gross lettable area of 98,295sqm with canopies, loading docks and ancillary areas of 8,630sqm located within the land constrained precinct of Canning Vale. The high quality facility is in very good condition with the original improvements being circa 15-20 years old however approximately 21% of the improvements have been constructed over the last two years and are in new or near new condition. The improvements comprise a number of separate buildings providing future flexibility.

Summary

Summary	Summary
Year built (or refurbished) 2008 Ownership 25% Total GLA (sqm) 81,647 Valuation (30 June 2015) Valuation (25%) $52.0 million Value ($/sqm) $2,548 Last external valuation date 30 June 2015 Valuer Savills Tenancy statistics WALE (by income) 12.9 years Occupancy 100% Major tenant GLA (sqm) Coles Group Ltd 81,647	Year built (or refurbished) 2011
	Ownership 50%
	Total GLA (sqm) 98,295
	Valuation (30 June 2015)
	Valuation $79.4 million
	Value ($/sqm) $1,615
	Last external valuation date 30 June 2015
	Valuer m3 Property
	Tenancy statistics
	WALE (by income) 8.5 years
	Occupancy 100%
	Major tenant GLA (sqm)
	Metcash Limited 98,295

Canning Vale Distribution Centre

Welshpool Distribution Centre

2 Bannister Road, Canning Vale WA

103 Welshpool Road, Welshpool WA

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The subject property comprises a 16.8ha high profile corner site with an 83,243 sqm of generic high clearance warehouse and office facility, located in Canning Vale which is a sought after logistics precinct situated approximately 14 kilometres southeast of the Perth Central Business District and has limited supply of land to be developed. Bannister Road is the major thoroughfare through Canning Vale connecting directly with South Street and Nicholson Roads, which are both entry/ exit ramps to Roe Highway. The property is currently leased to Kmart and provides considerable flexibility reflective of its generic design and expansion potential.

The subject site is located approximately 4km north of the Cannington Town Centre and 850 metres from Welshpool Train Station. The site is situated in the core and very tightly held Welshpool Industrial area.

It has a site area of 3.199 hectares and is located on a major intersection with prominent exposure and frontage to the Leach Highway and Welshpool Road. It has been acquired with a new 10 year, triple net lease to Milne Feeds (part of the Milne Agrigroup) comprising fixed annual reviews of 3.5% and offers a number of future development options.

Summary

Summary	Summary
Year built (or refurbished) 1980 Ownership 100% Total GLA (sqm) 83,243 Valuation (30 June 2014) Valuation $73.0 million Value ($/sqm) $877 Last external valuation date 30 June 2015 Valuer Jones Lang LaSalle Tenancy statistics WALE (by income) 1.3 years Occupancy 100% Major tenant GLA (sqm) Coles/ Kmart (Wesfarmers) 83,243	Year built (or refurbished) 1984
	Ownership 100%
	Total GLA (sqm) 31,991
	Valuation (30 June 2015)
	Valuation $19.7 million
	Value ($/sqm) $616
	Last external valuation date 30 June 2015
	Valuer Directors
	Tenancy statistics
	WALE (by income) 8.9 years
	Occupancy 100%
	Major tenant GLA (sqm)
	Milne Agrigroup 31,991

104 / Industrial / Core Plus Industrial Fund

Charter Hall Property Portfolio / 30 June 2015 / 105

Translink Distribution Centre

4-20 Translink Avenue, Launceston TAS

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The Woolworths Distribution Centre is a state-of-the-art logistics facility located on a 19.8ha site which adjoins the northern end of Launceston Airport and is approximately 15km from Launceston’s CBD. The building is highly energy efficient using the latest environmental controls and sustainability initiatives and also provides for significant expansion with development approval for the construction of another 25,000sqm of warehouse accommodation.

Summary

Summary
Year built (or refurbished)	2012
Ownership	50%
Total GLA (sqm)	45,041
Valuation (30 June 2015)
Valuation	$44.0 million
Value ($/sqm)	$1,952
Last external valuation date	30 June 2015
Valuer	Jones Lang LaSalle
Tenancy statistics
WALE (by income)	21.7 years
Occupancy	100%
Major tenant	GLA (sqm)
Woolworths	45,041

East Arm Port Distribution Facility

14 Dawson Street, East Arm Darwin NT

Artist’s Impression

The site is located within the Darwin Business Park at East Arm, which is strategically located close to the Port of Darwin and is immediately adjacent to the Adelaide to Darwin rail freight terminal. The site is some 16km (by road) east of the Darwin CBD and is in close proximity to the Stuart Highway, whilst the Darwin Airport is approximately 10 kilometres to the north. The property is currently under construction which, on completion of the development in August 2015, will be improved with two warehouse buildings and ancillary office and workshop accommodation extending to a combined GLA of 10,795sqm. A central breezeway of 4,000sqm will join the two warehouse buildings. The facility features a flexible design and ability to subdivide and/or increase GLA, with approximately 5,200sqm of concrete paved hardstand to be constructed. The site cover is approximately 37% and 108 car parking spaces are to be provided on-grade.

On completion Northline will occupy the premises on a 12 year lease term with 3 x 5 year options.

Summary

Summary
Year built (or refurbished)	2015
Ownership	100%
Total GLA (sqm)	14,795
Valuation (30 June 2015)
Valuation1	$27.0 million
Value ($/sqm)	$1,825
Last external valuation date	30 June 2015
Valuer	Colliers
Tenancy statistics
WALE (by income)	12 years
Occupancy	100%
Major tenant	GLA (sqm)
Northline Logistics	14,795

Trade Coast Industrial Park

Holt Street Distribution Centre

200 Holt Street, Pinkenba QLD

180 Holt Street, Pinkenba QLD

Summary Year built (or refurbished) 2013 Ownership 100% Total GLA (sqm) 17,084 Valuation (30 June 2015) Valuation $31.5 million Value ($/sqm) $1,844 Last external valuation date 30 June 2015 Valuer Knight Frank Tenancy statistics WALE (by income) 5.6 years Occupancy 100% Major tenant GLA (sqm) AP Eagers 7,291 The property comprises a modern, freestanding warehouse facility (currently 29% site cover) on a 63,040sqm lot within Pinkenba, approx 9 radial kilometres north-east of Brisbane CBD. Constructed in 2000, the facility has recently been divided into two buildings (Building 1 and Building 2) with each building to have dedicated, secure hardstand areas and segregated traffc fow. Building 1 consists of 7,291sqm of warehouse, 962sqm of offce space and 14,200sqm of hardstand. Building 2 consists of 8,904sqm of warehouse with a planning application for 450sqm of offce accommodation. A comprehensive base building capital upgrade program was recently completed including the installation of an ESFR sprinkler system, refurbishment of offce accommodation and replacement of landscaping and fencing. The site is adjacent to the Funds property (200 Holt Street) development land for larger, potential leasing requirements.	Gateway Motorway Holt Street Curtin Avenue BRISBANE CBD Expansion opportunity
	The property comprises a 31,880sqm site providing total potential GLA of circa 17,500sqm. The Eagle Farm/Pinkenba industrial precinct is one of the most tightly held industrial precincts in Brisbane and is sought after by industrial/ commercial users, given its unparalleled access to the Gateway Arterial Network, Airport, Port and the Brisbane CBD. The property represents one of the last remaining large scale freehold industrial development sites in the precinct and provides for drive around access from dual entry/exit ports. Summary
	Year built (or refurbished) Development site
	Ownership 100%
	Site size (sqm) 31,880
	Total proposed GLA (sqm) 25,000
	Valuation (30 June 2015)
	Valuation $9.1 million
	Site value ($/sqm) $285
	Last external valuation date 30 June 2015
	Valuer Knight Frank

Note

On completion value.

106 / Industrial / Core Plus Industrial Fund

Charter Hall Property Portfolio / 30 June 2015 / 107

Berrinba Distribution Centre

Motorway Industrial Park 230-238 Gilmore Road, Berrinba QLD

29 Forest Way, Berrinba QLD

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Artist’s Impression
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The site is located in the emerging prime industrial precinct of Berrinba approximately 21 kilometres south-east of the Brisbane CBD, 23 kilometres south of the Gateway Bridge and 28 kilometres from the Port of Brisbane.

The Property comprises a near regular shaped parcel of land located to the south-eastern alignment of Forest Way, Karawatha within the “Logan Link” estate, approximately 21 radial kilometres south-south-east of the Brisbane GPO. The land has been cut, filled and retained to provide a gently sloping lot of 3.467 hectares (34,670 square metres) that is serviced and ready for immediate development. Construction will shortly commence for a 19,822m² building with the ability to be subdivided into two tenancies of varying configurations.

Berrinba has become a preferred location over several other older established industrial areas such as Acacia Ridge and Richlands largely due to the ease of access for truck movements from the Port of Brisbane and the Brisbane Airport via the Gateway, Pacific & Logan Motorways which are the main link roads to Yatala, the Gold Coast and the western industrial precincts through to Ipswich and Toowoomba.

Summary

Year built (or refurbished)	Development Site	Year built (or refurbished)	Development site
Ownership	100%	Ownership	100%
Site size (sqm)	120,903	Site size (sqm)	34,670
Total proposed GLA (sqm)	55,000	Total proposed GLA (sqm)	19,000
Valuation (30 June 2015)		Valuation (30 June 2015)
Value	$14.3 million	Valuation	$8.4 million
Site value ($/sqm)	$118	Site value ($/sqm)	$243
Last external valuation date	30 June 2015	Last external valuation date	30 June 2015
Valuer	m3 Property	Valuer	Jones Lang LaSalle

Smithfield Distribution Facility 17 Long Street, Smithfield NSW

Sherbrooke Industrial Park

450 Sherbrooke Road, Willawong QLD

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Artist’s Impression
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----- Start of picture text -----

Artist’s Impression
----- End of picture text -----

The land comprises stage two of the Funds Smithfield Industrial estate with a total remaining area of 3.4ha which has capacity to develop up to 17,000sqm of GLA.

The property is situated in the established Brisbane southern suburb of Willawong, approximately 17km by road from the Brisbane Central Business District and three kilometres from the Acacia Ridge precinct.

The industrial area of Willawong is an emerging precinct with some large (5ha plus) vacant sites available that is expected to become popular with transport and logistics users as infrastructure upgrades take place and industrial land along the Logan Motorway is developed over the next five years.

Summary


Summary Year buillt (or refurbished) Development site Ownership 100% Site size (sqm) 61,420 Total proposed GLA (sqm) 30,000 Valuation (30 June 2015) Valuation $11.8 million Value ($/sqm) $193 Last external valuation date 30 June 2015 Valuer m3 Property	Summary
	Year built (or refurbished) Development site
	Ownership 100%
	Total GLA (sqm) 35,000
	Valuation (30 June 2015)
	Valuation $7.0 million
	Value ($/sqm) $213
	Last external valuation date 30 June 2015
	Valuer CBRE

108 / Industrial / Core Logistics Partnership

Charter Hall Property Portfolio / 30 June 2015 / 109

Core Logistics Partnership

Core Logistics Partnership (CLP) was established in December 2012 with the investment strategy of acquiring a portfolio of institutional quality industrial logistics property assets in Australia.

Top 6 tenants

By gross income

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16% Woolworths
13% Inghams
9% Metcash
8% Peters Ice Cream
7% Orora
6% AWH/DP World
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Annual lease expiry

By net lettable area

Core Logistics Partnership

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----- Start of picture text -----

218 Bannister Road, Canning Vale WA
----- End of picture text -----

Summary
Number of properties	17
Number of tenancies	29
Total GLA (sqm)1	717,798
Capitalisation rate	7.20%
Tenancy statistics
WALE (by income)	12.2 years
Occupancy	98.3%

Property Ownership (%)	Property Ownership (%)	Classifcation
Somerton Logistics Centre VIC	100%	Industrial
Woolworths, Laverton VIC	100%	Industrial
Metcash, Canning Vale WA	50%	Industrial
Darra (land bank, pre-leased developments)QLD	100%	Industrial
Peter’s, Mulgrave NSW	100%	Industrial
Inghams, Murarrie QLD	100%	Industrial
Orora, Scoresby VIC	100%	Industrial
Inghams, Edinburgh Parks SA	100%	Industrial
Woolworths, Yennora NSW	100%	Industrial
Fastline, Truganina VIC	100%	Industrial
Woolworths, Launceston TAS	50%	Industrial
AWH, Tottenham VIC	100%	Industrial
RCR Tomlinson, Welshpool, WA	100%	Industrial
Blackwoods, Mackay QLD	100%	Industrial
Manheim, Smithfeld NSW	100%	Industrial
Australia Post, Chullora NSW	100%	Industrial
Ancon, Mount Druitt NSW (and development site)	100%	Industrial

	2%	2%	Vacant

	8%		FY16


	2%		FY17

0%			FY18

		3%	FY19

		2%	FY20

		9%	FY21


		76% FY22+

Note:

Excludes Darra (Landbank) and Mount Druitt development site.

110 / Industrial / Charter Hall Direct Industrial Fund

Charter Hall Property Portfolio / 30 June 2015 / 111

Charter Hall Direct Industrial Fund

Established in July 2010, the Charter Hall Direct Industrial Fund (DIF1) is an unlisted property fund which invests directly in a diversified portfolio of prime Australian industrial assets. The Fund aims to provide retail investors with sustainable and stable, tax-advantaged income payable quarterly.

Top 5 tenants

By gross income

==> picture [484 x 414] intentionally omitted <==

----- Start of picture text -----

21% Coles
19% Woolworths
15% Grace Worldwide
14% Electrolux
12% Toll Holdings
Weighted average lease expiry (years)
By gross income
17.7 Coates Hire Distribution Centre
Kingston
12.9 Coles Distribution Centre
Perth Airport
11.0 Australia Post Distribution Centre
Kingsgrove
10.4 Toll Fleet & Auto Logistics Centre
Altona North
9.6 76-80 Howards Road, Beverly
8.1 Grace Worldwide Logistics Facility
Willawong
5.5 Woolworths Distribution Centre
Hoppers Crossing
10.3 WALE
----- End of picture text -----

Toll Fleet & Auto Logistics Centre, Altona North VIC

112 / Industrial / Charter Hall Direct Industrial Fund

Charter Hall Property Portfolio / 30 June 2015 / 113

Fund Statistics

Asset diversification

Geographical diversification

By current value

Coles Distribution Centre, Perth Airport WA 21% Woolworths Distribution Centre, Hoppers Crossing VIC 20% Grace Worldwide Logistics Facility, Willawong QLD 15% Toll Fleet & Auto Logistics Centre, Altona North VIC 13% 76-80 Howards Rd, Beverley SA 12% Coates Hire Distribution Centre, Kingston QLD 11% Australia Post Distribution Centre, Kingsgrove NSW 8%	8% 12% 21%	33%
		26%

	Victoria	33%
	Queensland	26%
	Western Australia	21%
	South Australia	12%
	New South Wales	8%

Annual lease expiry

By gross income

0%		Vacant

0%		FY16
0%		FY17

0%		FY18

0%		FY19
0%		FY20

19%		FY21

	81%	FY22+

Property Portfolio

==> picture [56 x 56] intentionally omitted <==

June 2015 Capitalisation Rate 7.28% June 2015 Discount Rate 9.02%”

	DIF	June 2015	WALE	Weighted Avg
	Ownership %	valuation A$M	(years)	rent reviews (%)
Australia Post Distribution Centre, Kingsgrove NSW	100%	19.1	11.0	3.5%
Toll Fleet & Auto Logistics Centre, Altona VIC	100%	30.5	10.4	3.5%
Grace Worldwide Logistics Facility, Willawong QLD	100%	36.5	8.1	3.5%
Coles Distribution Centre, Perth Airport WA	25%	52.0	12.9	2.8%
Woolworths Distribution Centre, Hoppers Crossing VIC	100%	47.5	5.5	3.0%
Coates Hire Distribution Centre, Kingston VIC	100%	26.2	17.7	4.0%
76-80 Howards Road, Beverley SA	100%	30.1	9.6	3.5%
Total/Weighted average		241.9	10.3	3.3%

114 / Industrial / Charter Hall Direct Industrial Fund

Charter Hall Property Portfolio / 30 June 2015 / 115

Australia Post Distribution Centre Kingsgrove NSW

Toll Fleet & Auto Logistics Centre Altona North VIC

==> picture [236 x 180] intentionally omitted <==

The Australia Post Distribution Centre comprises an office and warehouse facility of 6,729sqm that is situated on a site of 13,803sqm. The property is located within the Kingsgrove industrial precinct, some 20km south-west of the Sydney CBD and features convenient access to the M5 Motorway, Sydney Airport and Port Botany.

The property comprises a new logistics facility of 6,310sqm that is situated on a site of 49,515sqm. Acquired in 2010, the property is located at Altona North, 14km west of Melbourne’s CBD with direct access to the West Gate Freeway, the Port of Melbourne and Melbourne Airport.

Summary

Summary	Summary
Year built (or refurbished) 2011 Ownership 100% Total GLA (sqm) 6,729 Valuation (30 June 2015) Valuation $19.1 million Value ($/sqm) $2,838 Last external valuation date 31 December 2014 Valuer Knight Frank Tenancy statistics WALE (by income) 11.0 years Occupancy 100% Major tenant GLA (sqm) Australia Post 6,729	Year built (or refurbished) 2010
	Ownership 100%
	Total GLA (sqm) 6,310
	Valuation (30 June 2015)
	Valuation $30.5 million
	Value ($/sqm) $4,834
	Last external valuation date 31 December 2014
	Valuer Jones Lang LaSalle
	Tenancy statistics
	WALE (by income) 10.4 years
	Occupancy 100%
	Major tenant GLA (sqm)
	Toll Holdings 6,310

Woolworths Distribution Centre Hoppers Crossing VIC

Coates Hire Distribution Centre

29-47 Mudgee Street, Kingston QLD

==> picture [237 x 179] intentionally omitted <==

==> picture [236 x 180] intentionally omitted <==

The property was purpose built in 2012 for Coates Hire, who are Australia’s largest equipment hire company with over 125 years experience.

The Woolworths Distribution Centre is a logistics facility situated on a site of 14.5ha in the established industrial locality of Hoppers Crossing, approximately 20km south-west of Melbourne CBD. The facility comprises of 52,364sqm GLA with canopies and loading docks of a further 5,354sqm. The sole tenant is Woolworths Limited.

The property is situated on a site with a usable area of 5.4ha that is located in the established industrial locality of Kingston, approximately 24 kilometres south-east of the Brisbane CBD. The property features significant exposure to the Logan Motorway, which is one of South-East Queensland’s busiest transport routes.

Summary

Summary	Summary
Year built (or refurbished) 1989 (2010) Ownership 100% Total GLA (sqm) 52,364 Valuation (30 June 2015) Valuation $47.5 million Value ($/sqm) $907 Last external valuation date 30 June 2015 Valuer Jones Lang LaSalle Tenancy statistics WALE (by income) 5.5 years Occupancy 100% Major tenant GLA (sqm) Woolworths Ltd 52,364	Year built (or refurbished) 2012
	Ownership 100%
	Total GLA (sqm) 54,126
	Valuation (30 June 2015)
	Valuation $26.2 million
	Value ($/sqm) $484
	Last external valuation date 31 December 2014
	Valuer Knight Frank
	Tenancy statistics
	WALE (by income) 17.7 years
	Occupancy 100%
	Major tenant GLA (sqm)
	Coates Hire 54,126

116 / Industrial / Charter Hall Direct Industrial Fund

Grace Worldwide Logistics Facility Willawong QLD

Electrolux Distribution Centre Beverley SA

==> picture [236 x 180] intentionally omitted <==

The Grace Worldwide Logistics Facility is located at Willawong, 17km south of Brisbane’s CBD with easy access and egress to the Logan Motorway, Ipswich Motorway and the Brisbane CBD. The facility comprises a GLA of 22,108sqm that is situated on a site of 38,929sqm. The sole tenant, Grace Worldwide, is the largest records management, removals and storage company in Australia.

The brand new logistics facility incorporates a high clearance warehouse with attached air conditioned offices and showroom that has a combined gross lettable area of 25,562sqm. The facility was completed in December 2012 and was purpose built for Electrolux.

The property is situated on a site of 4ha in the inner ring suburb of Beverley, approximately six km north west of the Adelaide CBD in an established industrial precinct, with good access to major arterial roads and is in close proximity to the Adelaide Airport and Port of Adelaide.

Summary

Summary	Summary
Year built (or refurbished) 2011 Ownership 100% Total GLA (sqm) 22,108 Valuation (30 June 2015) Valuation $36.5 million Value ($/sqm) $1,651 Last external valuation date 30 June 2015 Valuer Colliers Tenancy statistics WALE (by income) 8.1 years Occupancy 100% Major tenant GLA (sqm) Grace Worldwide 22,108	Year built (or refurbished) 2013
	Ownership 100%
	Total GLA (sqm) 25,562
	Valuation (30 June 2015)
	Valuation $30.1 million
	Value ($/sqm) $1,178
	Last external valuation date 31 December 2014
	Valuer Jones Lang LaSalle
	Tenancy statistics
	WALE (by income) 9.6 years
	Occupancy 100%
	Major tenant GLA (sqm)
	Electrolux Home Products Pty Ltd 25,562

Coles Distribution Centre

Perth Airport WA

==> picture [236 x 180] intentionally omitted <==

Summary

Summary
Year built (or refurbished)		2008
Ownership		25%
Total GLA (sqm)		81,647
Valuation (30 June 2015)
Valuation (25%)		$52.0 million1
Value ($/sqm)		$2,458
Last external valuation date		30 June 2015
Valuer		Savills
Tenancy statistics
WALE (by income)		12.9 years
Occupancy		100%
Major tenant		GLA (sqm)
Coles Group Limited		81,647

Grace Worldwide Logistics Facility, Willawong QLD

Note: 1. 100% property value is $208 million.

Charter Hall Property Portfolio / 30 June 2015 / 119

Charter Hall Direct Industrial Fund No.2

The Charter Hall Direct Industrial Fund No.2 (DIF2) was established in December 2012 following the success in closing the first Charter Hall Direct Industrial Fund. DIF2 is an unlisted property fund invested in a diversified portfolio of prime Australian industrial property assets.

Top 5 tenants

By gross income

==> picture [484 x 503] intentionally omitted <==

----- Start of picture text -----

37% Coles
21% Arrium
20% Inghams
10% Grace
6% Toll
Weighted average lease expiry (years)
By gross income
21.4 24-30 Enterprise Street
Cleveland QLD
19.4 6 Benson Road, Ingleburn NSW
19.4 Settlement Road, Thomastown VIC
12.9 Australia Post, Rowville VIC
12.9 Coles Distribution Centre, Perth Airport WA
11.7 Coles Distribution Centre, Adelaide SA
11.1 Toll NQX Facility, Rockhampton QLD
11.0 Grace Worldwide Logistics Facility
Campbelltown NSW
10.3 OneSteel, Bibra Lake WA
8.2 OneSteel, St Marys NSW
13.1 WALE
----- End of picture text -----

Australia Post Distribution Centre, Rowville VIC

120 / Industrial / Charter Hall Direct Industrial Fund No.2

Charter Hall Property Portfolio / 30 June 2015 / 121

Fund Statistics

Geographical diversification

Asset diversification

Asset diversifcation	Geographical diversifcation
Coles Distribution Centre, Perth Airport WA 21% Coles Distribution Centre, Adelaide SA 15% OneSteel, Bibra Lake WA 11% Grace Worldwide Logistics Facility, Cambelltown NSW 10% OneSteel, St Marys NSW 9% Settlement Road, Thomastown VIC 8% Enterprise Street, Cleveland QLD 8% 6 Benson Road, Ingleburn NSW 7% Toll NQX Facility, Rockhampton QLD 6% Australia Post, Rowville VIC 5% By current value	By current value
	13% 14% 15%	32%
		26%
	Western Australia	32%
	New South Wales	26%
	South Australia	15%
	Queensland	14%
	Victoria	13%

Annual lease expiry

By gross income

0%	Vacant

0%	FY16

0%	FY17

0%	FY18

0%	FY19

0%	FY20

0%	FY21

100% FY22+

Fund Statistics

==> picture [56 x 56] intentionally omitted <==

June 2015 Capitalisation Rate 7.37% June 2015 Discount Rate 9.04%”

	DIF2	June 2015	WALE	Weighted avg
	ownership (%)	valuation (A$M)	(years)	rent reviews (%)
Australia Post, Rowville VIC	100%	11.5	12.9	3.3%
OneSteel, St Marys NSW	100%	23.6	8.2	3.3%
OneSteel, Bibra Lake WA	100%	26.0	10.3	3.3%
Toll NQX Logistics, Rockhampton QLD	100%	13.8	11.1	3.8%
Grace Worldwide Logistics Facility, Campbelltown NSW	100%	25.0	11.0	3.2%
Coles Distribution Centre, Perth Airport WA	25%	52.0	12.9	2.8%
Coles Distribution Centre, Adelaide SA	24%	37.7	11.7	2.8%
6 Benson Road, Ingleburn NSW	100%	17.0	19.4	3.0%
311 Settlement Road, Thomastown VIC	100%	19.5	19.4	3.0%
24-30 Enterprise Road, Cleveland QLD	100%	19.5	21.4	3.0%
Total/Weighted average		245.6	13.1	3.0%

122 / Industrial / Charter Hall Direct Industrial Fund No.2

Charter Hall Property Portfolio / 30 June 2015 / 123

Grace Worldwide Logistics Facility 6 Hepher Road, Campbelltown NSW

OneSteel Industrial Facility 10-38 Forrester Road, St Marys NSW

==> picture [236 x 180] intentionally omitted <==

==> picture [236 x 179] intentionally omitted <==

This high quality warehouse with office and hardstand and on site secure parking is situated on a site of 6.2ha with approximately 4,000sqm surplus land. The facility is 45km south west of Sydney CBD and well connected to M4 Motorway.

This new purpose built facility is 42km south west of Sydney CBD and was completed in June 2014. The facility includes office and car parking and includes 23,000sqm for future developments.

The sole tenant, Grace Worldwide Group is Australasia’s largest records management, removals and storage company.

Summary

Summary	Summary
Year built (or refurbished) 2014 Ownership 100% Total GLA (sqm) 17,765 Valuation (30 June 2015) Valuation $25.0 million Value ($/sqm) $1,407 Last external valuation date 31 December 2014 Valuer Colliers Tenancy statistics WALE (by income) 11.0 years Occupancy 100% Major tenant GLA (sqm) Grace Worldwide 17,765	Year built (or refurbished) 1999
	Ownership 100%
	Total GLA (sqm) 18,363
	Valuation (30 June 2015)
	Valuation $23.6 million
	Value ($/sqm) $1,285
	Last external valuation date 31 December 2014
	Valuer Knight Frank
	Tenancy statistics
	WALE (by income) 8.2 years
	Occupancy 100%
	Major tenant GLA (sqm)
	OneSteel 18,363

Australia Post Distribution Centre

Inghams

6 Benson Road, Ingleburn NSW

15-21 Enterprise Drive, Rowville VIC

==> picture [237 x 180] intentionally omitted <==

==> picture [235 x 180] intentionally omitted <==

The property is a food processing plant, comprising a low clearance production office/warehouse facility of 7,748sqm constructed in the 1980s with subsequent modifications and improvements made. The site area is 2.9ha with a site coverage of 26.5%.

This brand new, high-quality prime-grade industrial facility is located in Rowville, some 25km south-east of the Melbourne CBD. The property is fully occupied by Australia Post’s stamp manufacturing and distribution business, Sprintpak.

Summary

Summary	Summary
Year built (or refurbished) 1980 Ownership 100% Total GLA (sqm) 7,748 Valuation (30 June 2015) Valuation $17.0 million Value ($/sqm) $2,194 Last external valuation date 8 September 2014 Valuer Jones Lang LaSalle Tenancy statistics WALE (by income) 19.4 years Occupancy 100% Major tenant GLA (sqm) Inghams 7,748	Year built (or refurbished) 2013
	Ownership 100%
	Total GLA (sqm) 6,477
	Valuation (30 June 2015)
	Valuation $11.5 million
	Value ($/sqm) $1,776
	Last external valuation date 30 June 2015
	Valuer Jones Lang LaSalle
	Tenancy statistics
	WALE (by income) 12.9 years
	Occupancy 100%
	Major tenant GLA (sqm)
	Australia Post 6,477

124 / Industrial / Charter Hall Direct Industrial Fund No.2

Charter Hall Property Portfolio / 30 June 2015 / 125

Inghams

311 Settlement Road, Thomastown VIC

==> picture [235 x 180] intentionally omitted <==

The property is improved with a food processing plant of 9,063sqm originally constructed in 1981 with additions constructed in 2006. The facility comprises an office and amenities component of 647sqm, a main food processing plant of 7,089sqm and associated temperature controlled stores. Other improvements include a dry goods store, workshop, sprinkler pump house, Manager’s residence and water treatment plant. There is extensive concrete hardstand surrounding the improvements on the 2.88ha site.The property is currently utilised as a food manufacturing and processing facility.

Summary

Summary
Year built (or refurbished)		1981
Ownership		100%
Total GLA (sqm)		9,063
Valuation (30 June 2015)
Valuation		$19.5 million
Value ($/sqm)		$2,152
Last external valuation date		5 September 2014
Valuer		Jones Lang LaSalle
Tenancy statistics
WALE (by income)		19.4 years
Occupancy		100%
Major tenant		GLA (sqm)
Inghams		9,063

Toll NQX Logistics Facility 245 Somerset Rd, Gracemere QLD

==> picture [236 x 180] intentionally omitted <==

This industrial facility is located to serve central Queensland’s growing population, mining & agricultural operations. Completed in July 2014, this purpose built logistics facility includes office accomodation and a large hardstand storage area. The tenant, Toll is the leading provider of road transport solutions, moving more than 2.8 million tonnes of freight per year.

Summary

Summary
Year built (or refurbished)		2014
Ownership		100%
Total GLA (sqm)		6,994
Valuation (30 June 2015)
Valuation		$13.8 million
Value ($/sqm)		$1,966
Last external valuation date		30 June 2015
Valuer		Knight Frank
Tenancy statistics
WALE (by income)		11.1 years
Occupancy		100%
Major tenant		GLA (sqm)
Toll Transport Pty Ltd		6,994

Coles Distribution Centre

Inghams

2 Sturton Road, Adelaide SA

24-30 Enterprise Street, Cleveland QLD

==> picture [237 x 180] intentionally omitted <==

==> picture [236 x 180] intentionally omitted <==

The Coles Distribution Centre in South Australia comprises a modern distribution centre of 67,944sqm which was purpose built for Coles in 2007. The property is fully leased to Coles until February 2027 with a further five by five-year option periods. The property is located within Edinburgh Parks Industrial Estate, an established industrial area with excellent surrounding transport access routes and high profile tenants.

24-30 Enterprise St, Cleveland comprises a 2.096ha allotment improved by a purpose-built, temperature controlled food processing building that was constructed in 1985, with sections rebuilt in 1993. The property is under a long term lease to Inghams.

Summary

Summary	Summary
Year built (or refurbished) 1985 (1993) Ownership 100% Total GLA (sqm) 8,942 Valuation (30 June 2015) Valuation $19.5 milion Value ($/sqm) $2,181 Last external valuation date 9 September 2014 Valuer Jones Lang LaSalle Tenancy statistics WALE (by income) 21.4 years Occupancy 100% Major tenant GLA (sqm) Inghams 8,942	Year built (or refurbished) 2007
	Ownership 24%
	Total GLA (sqm) 67,944
	Valuation (30 June 2015)
	Valuation (24%) $37.7 million1
	Value ($/sqm) $2,311
	Last external valuation date 30 June 2015
	Valuer Jones Lang LaSalle
	Tenancy statistics
	WALE (by income) 11.7 years
	Occupancy 100%
	Major tenant GLA (sqm)
	Coles Group Limited 67,944

Note:

100% property value is $153 million.
100% property value is $157 million..

126 / Industrial / Charter Hall Direct Industrial Fund No.2

Charter Hall Property Portfolio / 30 June 2015 / 127

OneSteel Industrial Facility 1 Howson Way, Bibra Lake WA

==> picture [236 x 179] intentionally omitted <==

This industrial facility includes office and hardstand storage areas and is situated on a site of 4.19ha. Just 18km south of Perth CBD, in an established precinct, the facility is leased to OneSteel (Arrium Limited) an ASX-listed manufacturer, distributor and recycler of metals and steel products with over 200 sites in Australia.

Coles Distribution Centre Perth Airport WA

==> picture [236 x 179] intentionally omitted <==

The Coles Distribution Centre is a state-of-the-art logistics facility located on a 25ha site strategically situated within Perth Airport, 10km east of the Perth CBD. The centre is located on Horrie Miller Drive, midway from its intersection with Tonkin Highway and Perth International Terminal. Perth Airport is one of the major logistics hubs in Western Australia, with tenants including Woolworths, Toll, Electrolux and Linfox recently committing to large facilities along Horrie Miller Drive.

Summary

Summary	Summary
Year built (or refurbished) 1987 Ownership 100% Total GLA (sqm) 15,698 Valuation (30 June 2015) Valuation (25%) $26.0 million Value ($/sqm) $1,656 Last external valuation date 31 December 2014 Valuer Jones Lang LaSalle Tenancy statistics WALE (by income) 8.2 years Occupancy 100% Major tenant GLA (sqm) OneSteel 15,698	Year built (or refurbished)	2008
	Ownership	25%
	Total GLA (sqm)	81,647
	Valuation (30 June 2015)
	Valuation (25%)	$52.0 million1
	Value ($/sqm)	$2,548
	Last external valuation dat	e 30 June 2015
	Valuer	Savills
	Tenancy statistics
	WALE (by income)	12.9 years
	Occupancy	100%
	Major tenant	GLA (sqm)
	Coles Group Limited	81,647

Summary
Year built (or refurbished)		2008
Ownership		25%
Total GLA (sqm)		81,647
Valuation (30 June 2015)
Valuation (25%)		$52.0 million1
Value ($/sqm)		$2,548
Last external valuation date		30 June 2015
Valuer		Savills
Tenancy statistics
WALE (by income)		12.9 years
Occupancy		100%
Major tenant		GLA (sqm)
Coles Group Limited		81,647

Note:

OneSteel Industrial Facility, Bibra Lake WA

100% property value is $208 million.

128 / Industrial / Charter Hall Direct Industrial Fund No.3

Charter Hall Property Portfolio / 30 June 2015 / 129

Charter Hall Direct Industrial Fund No.3

The Charter Hall Direct Industrial Fund No.3 (DIF3) was launched in September 2014 following the success in closing DIF and DIF2. The fund will progressively acquire and manage a $250 million diversified portfolio of quality Australian industrial properties.

Top 2 tenants

==> picture [485 x 331] intentionally omitted <==

----- Start of picture text -----

By gross income
72% Coles
28% Bradken Limited
Weighted average lease expiry (years)
By gross income
15.0 170 Railway Pde
Bassendean WA
12.9 Coles Distribution Centre
Perth Airport WA
11.7 Coles Distribution Centre
Adelaide SA
13.2 WALE
----- End of picture text -----

==> picture [156 x 9] intentionally omitted <==

----- Start of picture text -----

Coles Distribution Centre, Edinburgh SA
----- End of picture text -----

130 / Industrial / Charter Hall Direct Industrial Fund No.3

Charter Hall Property Portfolio / 30 June 2015 / 131

Fund Statistics

Fund Statistics
Coles Distribution Centre, Perth Airport WA 42% Coles Distribution Centre, Adelaide SA 30% 170 Railway Parade, Bassendean WA 28% Asset diversifcation By current value	Geographical diversifcation By current value
		30%	70%
		Western Australia	70%
		South Australia	30%

Annual lease expiry By net lettable area

0%	Vacant
0%	FY16

0%	FY17
0%	FY18
0%	FY19

0%	FY20
0%	FY21
100% FY22+

Fund Statistics

==> picture [56 x 55] intentionally omitted <==

June 2015 Capitalisation Rate 7.46% June 2015 Discount Rate 9.16%”

	DIF3	June 2015	WALE	Weighted Avg
	ownership (%)	valuation (A$M)	(years)	rent reviews (%)
170 Railway Parade, Bassendean WA	100%	35.0	15.0	3.3%
Coles Distribution Centre, Adelaide SA	24%	37.7	11.7	2.8%
Coles Distribution Centre, Perth Airport WA	25%	52.0	12.9	2.8%
Total/Weighted average		124.7	13.2	2.9%

132 / Industrial / Charter Hall Direct Industrial Fund No.3

Charter Hall Property Portfolio / 30 June 2015 / 133

170 Railway Parade Bassendean WA

==> picture [235 x 179] intentionally omitted <==

The property is a large irregular shaped lot, which benefits from its corner location and extensive frontages to Railway Parade and Wood Street.

The improvements comprise:

A two level office building at the corner of Railway Parade and Wood Street, with a rear single level office.
A basic single level office/change room along the Railway Parade frontage.

Coles Distribution Centre

2 Sturton Road, Adelaide SA

==> picture [236 x 179] intentionally omitted <==

Coles Distribution Centre

Perth Airport WA

==> picture [236 x 179] intentionally omitted <==

A modern “L” shaped warehouse at the north eastern end of the Railway Parade frontage.

Summary

Year built (or refurbished) 1950s (2000s) Ownership 100% Total GLA (sqm) 31,633 Valuation (30 June 2015) Valuation $35.0 million Value ($/sqm) $1,106 Last external valuation date 1 May 2015 Valuer Knight Frank Tenancy statistics WALE (by income) 15 years Occupancy 100% Major tenant GLA (sqm) Bradken Limited 31,633	Year built (or refurbished) 2007
	Ownership 24%
	Total GLA (sqm) 67,944
	Valuation (30 June 2015)
	Valuation (24%) $37.7 million1
	Value ($/sqm) $2,311
	Last external valuation date 30 June 2015
	Valuer Jones Lang LaSalle
	Tenancy statistics
	WALE (by income) 11.7 years
	Occupancy 100%
	Major tenant GLA (sqm)
	Coles Group Limited 67,944

Summary

Summary
Year built (or refurbished)		2008
Ownership		25%
Total GLA (sqm)		81,647
Valuation (30 June 2015)
Valuation (25%)		$52.0 million1
Value ($/sqm)		$2,548
Last external valuation date		30 June 2015
Valuer		Savills
Tenancy statistics
WALE (by income)		12.9 years
Occupancy		100%
Major tenant		GLA (sqm)
Coles Group Limited		81,647

Note:

Coles Distribution Centre, Perth WA

100% property value is $157 million.
100% property value is $208 million.

134 / Industrial / Charter Hall Direct CDC Trust

Charter Hall Direct CDC Trust

The Charter Hall Direct CDC Trust (CDC) provides an investment in a prime industrial asset, the Coles Distribution Centre located in Adelaide.

Annual lease expiry

By gross income

0%	Vacant
0%	FY16
0%	FY17
0%	FY18
0%	FY19
0%	FY20
0%	FY21
100%	FY22+

Coles Distribution Centre

2 Sturton Road, Adelaide SA

==> picture [236 x 180] intentionally omitted <==

The Coles Distribution Centre in South Australia comprises a modern distribution centre of 67,944 sqm which was purpose built for Coles in 2007. The property is fully leased to Coles until February 2027 with a further five by five-year option periods. The property is located within Edinburgh Parks Industrial Estate, an established industrial area with excellent surrounding transport access routes and high profile tenants.

Summary

Summary
Year built (or refurbished)		2007
Ownership		52%
Total GLA (sqm)		67,944
Valuation (30 June 2015)
Valuation (52%)		$81.7 million1
Value ($/sqm)		$2,311
Last external valuation date		30 June 2015
Valuer		Jones Lang LaSalle
Tenancy statistics
WALE (by income)		11.7 years
Occupancy		100%
Major tenant		GLA (sqm)
Coles Group Limited		67,944

Note:

Coles Distribution Centre, Adelaide SA

100% property value is $157 million.

Villa Noosa Hotel, Noosaville QLD

138 / Hospitality / Long WALE Investment Partnership

Charter Hall Property Portfolio / 30 June 2015 / 139

Long WALE Investment Partnership

Long WALE Investment Partnership (LWIP) is a newly established fund in which the Group has a 50% interest. In October 2014 LWIP acquired a $603 million portfolio of properties from ALH Group. The portfolio comprises 54 hospitality assets subject to initial 20 year lease terms.

Annual lease expiry

By gross income

0%	Vacan
0%	FY15
0%	FY16
0%	FY17

0%	FY18

0%	FY19
0%	FY20

0%	FY21

100%	FY22+

Long WALE Investment Partnership

==> picture [236 x 180] intentionally omitted <==

----- Start of picture text -----

Villa Noosa Hotel, Noosaville QLD
----- End of picture text -----

Summary
Number of properties		54
Number of tenancies		54
Total NLA (sqm) Valuation (30 June 2015)		151,308
Valuation		$639.8 million
Value ($/sqm)		4,228
Capitalisation rate		6.43%
Tenancy statistics
WALE (by income)		19.3 years
Occupancy		100%
Property		Ownership (%)
Westower Tavern, West Ballina NSW		100%
Greenhouse Tavern, Coffs Harbour NSW Boomerang Hotel, Lavington NSW		100% 100%
Excelsior Hotel, Thomastown VIC		100%
Manhattan Hotel,Ringwood VIC		100%
Waltzing Matilda Hotel, Springvale VIC		100%
First & Last Hotel, Hadfeld VIC		100%
Moreland Hotel, Brunswick VIC St Albans Hotel, St Albans VIC		100% 100%
Cherry Hill Tavern, Doncaster VIC		100%
Glengala Hotel, Sunshine VIC		100%
Balaclava Hotel, St Kilda East VIC		100%
Albion Charles Hotel, Northcote VIC		100%
Croxton Park Hotel, Thornbury VIC		100%
Monash Hotel, Clayton VIC		100%
Oakleigh Junction Hotel, Oakleigh	VIC	100%

	Property		Ownership (%)
	Palace Hotel, Camberwell VIC		100%
	Coolaroo Hotel, Coolaroo VIC		100%
	Preston Hotel, Preston VIC		100%
	Harvey Road Tavern, Clinton QLD		100%
	Kawana Waters Hotel, Kawana Waters QLD		100%
	Villa Noosa Hotel, Noosaville QLD		100%
	Hinterland Hotel Motel, Nerang QLD		100%
	Glenmore Tavern, Rockhampton QLD		100%
	Federal Hotel, Toowoomba QLD		100%
	Buderim Tavern, Buderim QLD		100%
	Redbank Plains Tavern, Redbank Plains QLD		100%
	Allenstown Hotel, Allenstown QLD		100%
	Dog and Parrot Hotel, Robina QLD		100%
	Parkwood Tavern, Parkwood QLD		100%
	Royal Beenleigh Hotel, Beenleigh QLD		100%
	Capalaba Tavern, Capabala QLD		100%
	Highfelds Tavern, Highfelds QLD		100%
	Russell Tavern, Dalby QLD		100%
	Waterfront Hotel, Diddillibah QLD		100%
	Commercial Hotel, Nerang QLD		100%
	Greenwood Hotel, Greenwood WA		100%
	Hyde Park Hotel, West Perth WA		100%
	Belmont Tavern, Cloverdale WA		100%
	Highway Hotel, Bunbury WA		100%
	Lakers Tavern, Thornline WA		100%
	Dunsborough Hotel, Dunsborough WA		100%
	Peel Alehouse, Halls Head WA		100%
	Bull Creek Tavern, Bull Creek WA		100%
	Herdsman Lake Tavern, Wembley WA		100%
	Findon Hotel, Findon SA		100%
	Slug N Lettuce British Pub, Parafeld Gardens SA		100%
	Victoria Hotel, O'Halloran Hill SA		100%
	Norwood Hotel, Norwood SA		100%
	Royal Oak, North Adelaide SA		100%
	Federal Hotel, Mt Gambier SA		100%
	Gateway Inn Hotel, Devonport TAS		100%
	Carlyle Hotel, Derwent Park TAS		100%
	Riverside Hotel Motel, Riverside TAS		100%

140 / Hospitality / Long WALE Investment Partnership No.2

Long WALE Investment Partnership No.2

Long WALE Investment Partnership No.2 (LWIP2) is a newly established fund in which the Group has a 10% interest. There are currently three properties in the portfolio: Irish Finnegan’s Hotel, Upper Ross Hotel and Blue Pacific Hotel. All properties are located in Queensland.

Annual lease expiry

By gross income

0%	Vacant
0%	FY15
0%	FY16
0%	FY17

0%	FY18

0%	FY19

0%	FY20

0%	FY21

100%	FY22+

Long WALE Investment Partnership No.2

==> picture [236 x 180] intentionally omitted <==

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Parkwood Tavern, Parkwood QLD (LWIP image)
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Summary

Summary
Number of properties		3
Number of tenancies		3
Total GLA (sqm)		19,513
Valuation (30 June 2015)
Valuation		$31.2 million
Value ($/sqm)		1,599
Capitalisation rate		6.79%
Tenancy statistics
WALE (by income)		19.8 years
Occupancy		100%
Property		Ownership (%)
Irish Finnegan's Hotel, Thuringowa Central QLD		100%
Upper Ross Hotel, Rasmussen QLD		100%
Blue Pacifc Hotel, Woorim QLD		100%

Dog and Parrot Hotel, Robina QLD

142 / Index

Charter Hall Property Portfolio / 30 June 2015 / 143

Index

Offce Core Plus Offce Fund (CPOF) New South Wales 333 George Street, Sydney 9 Castlereagh Street, Sydney 167 Macquarie Street, Sydney WSU, 1 Parramatta Square, Parramatta St George Bank, 4-16 Montgomery Street, Kogarah 16 16 17 17 18 Victoria 11-33 Exhibition Street, Melbourne 570 Bourke Street, Melbourne 18 19 Queensland Brisbane Square, Brisbane 275 George Street, Brisbane Northbank Plaza, 69 Ann Street, Brisbane 100 Skyring Terrace, Brisbane 19 20 20 21 South Australia ATO 16-26 Franklin Street, Adelaide Bank SA, 97 William Street, Adelaide 21 22 Western Australia 225 St Georges Terrace, Perth Bankwest Place and Raine Square, Perth 109 St Georges Terrace, Perth 22 23 23 Charter Hall Offce Trust (CHOT) New South Wales No.1 Martin Place, Sydney CitiCentre, 2 Park Street, Sydney Allianz Centre, 2 Market Street, Sydney The Denison, 65 Berry Street, North Sydney Avaya House, 123 Epping Road, Macquarie Park Wentworth Place, 9 Wentworth Street, Parramatta ATO, 266 King Street, Newcastle 28 29 29 30 30 31 31 Victoria Argus Centre, 300 LaTrobe Street, Melbourne 150 Lonsdale Street, Melbourne 171 Collins Street, Melbourne 5 Queens Road, Melbourne 32 32 33 33 Queensland 175 Eagle Street, Brisbane Capital Hill, 83-85 George Street, Brisbane 34 34 Western Australia Eastpoint Plaza, 233-237 Adelaide Terrace, Perth 35 ACT Australia Place, 14 Mort Street, Canberra 35	Offce
	Offce mandates
	South Australia
	ATO 16-26 Franklin Street, Adelaide 36
	Queensland
	Brisbane Square, Brisbane 275 George Street, Brisbane 100 Skyring Terrace, Brisbane 36 37 37
	Western Australia
	Bankwest Place and Raine Square, Perth 37
	Charter Hall Direct Offce Fund (DOF)
	New South Wales
	68 Pitt Street, Sydney 165 Walker Street, North Sydney WSU, 1 Parramatta Square, Parramatta St George Bank, 4-16 Montgomery Street, Kogarah 42 42 43 43
	Victoria
	200 Queen Street, Melbourne 1 Nicholson Street, Melbourne 44 44
	Western Australia
	181 St Georges Terrace, Perth 45
	PFA Diversifed Trust (PFA)
	New South Wales
	657 Pacifc Highway, St Leonards 706 Mowbray Road, Lane Cove 49 49
	Victoria
	Foxtel Building, 1-21 Dean Street, Moonee Ponds 50
	Queensland
	Anzac Square, 200 Adelaide Street Brisbane 50
	Western Australia
	Sevenoaks, 303 Sevenoaks Street Cannington 51
	Tasmania
	Lands Building, 134 Macquarie Street, Hobart 51
	Charter Hall Direct WorkZone Trust (CPIF9)
	Western Australia
	WorkZone 202 Pier Street, Perth WA 53
	Charter Hall Direct VA Trust (CHIF10)
	Queensland
	56 Edmondstone Road, Bowen Hills 55
	144 Stirling Street Trust (CHIF8)
	Western Australia
	Hatch Building 144 Stirling Street, Perth 57

Retai Charter Hall Retail REIT (CQR) New South Wales Cooma Woolworths, Cooma Cootamundra Woolworths, Cootamundra Dubbo Square, Dubbo Earlwood Coles, Earlwood Pemulwuy Marketplace, Greystanes Goonellabah Village, Goonellabah Gordon Village Centre, Gordon Carnes Hill Marketplace, Horningsea Park Jerrabomberra Village, Jerrabomberra Kings Langley Shopping Centre, Kings Langley Highlands Marketplace, Mittagong Balo Square, Moree Morisset Shopping Centre, Morisset Lake Macquarie Fair, Mount Hutton Mount Hutton Plaza, Mount Hutton Mudgee Metroplaza, Mudgee Sunnyside Mall, Murwillumbah Narrabri Coles, Narrabri Orange Central Square, Orange Parkes Metroplaza, Parkes Rosehill Woolworths, Rosehill Rutherford Marketplace, Rutherford Singleton Square and Plaza, Singleton Tamworth City Plaza, Tamworth Thornleigh Marketplace, Thornleigh Tumut Coles, Tumut West Ryde Marketplace, West Ryde Young Woolworths, Young 62 62 62 62 62 62 62 62 62 62 62 62 62 62 62 62 62 62 62 62 62 62 62 62 62 62 62 62 62 Queensland Albany Creek Square,Albany Creek Tablelands Square, Atherton Bribie Island Shopping Centre, Bribie Island Caboolture Square, Caboolture Coomera Square, Coomera Currimundi Markets, Currimundi Gatton Plaza, Gatton Gladstone Square, Gladstone Bay Plaza, Hervey Bay Kallangur Fair, Kallangur Sydney Street Markets, Mackay Mareeba Square, Mareeba Moranbah Fair, Moranbah Allenstown Square, Rockhampton Springfeld Fair, Springfeld 64 64 64 64 64 64 64 64 64 64 64 64 64 64 64 Victoria Bairnsdale Coles, Bairnsdale Lansell Square, Bendigo Pakington Strand, Geelong West Kerang Safeway, Kerang Kyneton Shopping Centre, Kyneton Moe Coles, Moe Moe Kmart, Moe Rosebud Plaza, Rosebud 65 65 65 65 65 65 65 65	Retail
	Charter Hall Retail REIT (CQR) cont.
	South Australia
	Southgate Plaza, Morphett Vale Wharfands Plaza, Port Augusta Renmark Plaza, Renmark Brickworks Marketplace, Torrensville 65 65 65 65
	Western Australia
	Albany Plaza, Albany Ballajura Central, Ballajura Carnarvon Central, Carnarvon Collie Central, Collie Esperance Boulevard, Esperance Kalgoorlie Central, Kalgoorlie Maylands Coles, Maylands Narrogin Coles, Narrogin Secret Harbour Shopping Centre, Secret Harbour South Hedland Square, South Hedland Swan View Shopping Centre, Swan View Wanneroo Central, Wanneroo 66 66 66 66 66 66 66 66 66 66 66 66
	ACT
	Dickson Woolworths, Dickson Manuka Terrace, Manuka Erindale Shopping Centre, Wanniassa 67 67 67
	Tasmania
	Newstead Coles, Newstead Smithton Woolworths, Smithton Wynyard Woolworths, Wynyard 67 67 67
	Retail Partnership No.1 (RP1)
	New South Wales
	Carnes Hill Marketplace, Horningsea Park NSW Highlands Marketplace, Mittagong NSW Pemulwuy Marketplace, Greystanes NSW Rutherford Marketplace, Rutherford NSW Thornleigh Marketplace, Thornleigh NSW West Ryde Marketplace, West Ryde NSW 69 69 69 69 69 69
	Victoria
	Pakington Strand, Geelong West VIC 69
	Queensland
	Gladstone Square, Gladstone 69
	Western Australia
	Wanneroo Central, Wanneroo 69
	South Australia
	Brickworks Marketplace, SA 69
	Retail Partnership No.2 (RP2)
	New South Wales
	Bateau Bay Square, Bateau Bay 71
	Retail Partnership No.6 (RP6)
	New South Wales
	Pacifc Square, Maroubra 73

144 / Index

Charter Hall Property Portfolio / 30 June 2015 / 145

Index

Retail Long WALE Hardware Partnership New South Wales Bunnings Narellan Bunnings Chatswood Bunnings Castle Hill Bunnings Kirrawee Bunnings Marsden Park Bunnings Kingsgrove Masters Penrith 75 75 75 75 75 75 75 Queensland Bunnings Stafford Stafford Wiley Bunnings Cairns Bunnings, Burleigh Heads Bunnings, Gympie Bunnings, Mackay North Bunnings, Mackay South Great Western Super Centre, Keppera 75 75 75 75 75 75 75 75 Western Australia Bunnings, Armadale 75 Charter Hall Direct BW Trust (CHIF11) New South Wales Bunnings, Armidale Bunnings, Rouse Hill Bunnings, Taree 78 78 79 Victoria Bunnings, Rosebud 79	Industrial
	Core Plus Industrial Fund (CPIF)
	New South Wales
	Chatswood Business Park Chullora Industrial Park Chullora Distribution Facility Huntingwood Logistics Park (1) Huntingwood Logistics Park (2) Smithfeld Distribution Facility Rosehill Distribution Centre Minto Distribution Centre Wetherill Park Distribution Centre Smithfeld Distribution Facility 88 88 89 89 90 90 91 91 92 107
	Victoria
	Sky Road Logistics Facility Link Road Distribution Centre Derrimut Distribution Centre South Centre Road Logistics Facility Laverton Logistics Centre Interchange Distribution Centre 92 93 93 94 94 95
	Queensland
	Sugarmill Industrial Park Geebung Industrial Park Viola Logistics Facility Main Beach Distribution Centre (1) Main Beach Distribution Centre (2) Hemmant Industrial Park (1) Hemmant Industrial Park (2) Willawong Logistics Facility Willawong Distribution Centre Peachy Road Distribution Centre Holt Street Distribution Centre Trade Coast Industrial Park Motorway Industrial Park Berrinba Distribution Centre Sherbrooke Industrial Park 95 96 96 97 97 98 98 99 99 100 105 105 106 106 107
	South Australia
	Gillman Distribution Centre Edinburgh Distribution Centre 100 101
	Western Australia
	Kewdale Distribution Centre Coles Distribution Centre Canning Vale Distribution Facility Canning Vale Distribution Centre Welshpool Distribution Centre 101 102 102 103 103
	Tasmania
	Translink Distribution Centre 104
	Northern Territory
	East Arm Port Distribution Facility 104

Industrial Core Logistics Partnership (CLP) New South Wales Peter’s, Mulgrave Woolworths, Yennora Manheim, Smithfeld Australia Post, Chullora Ancon, Mount Druitt 109 109 109 109 109 Victoria Somerton Logistics Centre Woolworths, Laverton Orora, Scoresby Fastline, Truganina AWH, Tottenham 109 109 109 109 109 Queensland Darra Inghams, Murarrie Blackwoods, Mackay 109 109 109 South Australia Inghams, Edinburgh Parks 109 Western Australia Metcash, Canning Vale RCR Tomlinson, Welshpool 109 109 Tasmania Woolworths, Launceston 109 Direct Industrial Fund (DIF1) New South Wales Australia Post Distribution Centre, Kingsgrove 114 Victoria Toll Fleet & Auto Logistics Centre, Altona Woolworths Distribution Centre, Hoppers Crossing 114 115 Queensland Coates Hire Distribution Centre, Kingston Grace Worldwide Logistics Facility, Willawong 115 116 South Australia Electrolux Distribution Centre, Beverley 116 Western Australia Coles Distribution Centre, Perth 117	Industrial

	Direct Industrial Fund No.2 (DIF2)
	New South Wales
	Grace Worldwide Logistics Facility, Campbelltown OneSteel Industrial Facility, St Marys Inghams, Ingleburn 122 122 123
	Victoria
	Australia Post Distribution Centre, Rowville Inghams, Thomastown 123 124
	Queensland
	Toll NQX Logistics, Gracemere Inghams, Cleaveland 124 125
	South Australia
	Coles Distribution Centre, Adelaide 125
	Western Australia
	OneSteel Industrial Facility, Bibra Lake Coles Distribution Centre, Perth 126 126
	Direct Industrial Fund No.3 (DIF3)
	South Australia
	Coles Distribution Centre, Adelaide 132
	Western Australia
	170 Railway Parade, Bassenden 132
	Coles Distribution Centre, Perth Airport 133
	Charter Hall Direct CDC Trust (CDC)
	South Australia
	Coles Distribution Centre, Adelaide 135

Industrial
Direct Industrial Fund No.2 (DIF2)
New South Wales
Grace Worldwide Logistics Facility, Campbelltown		122
OneSteel Industrial Facility, St Marys		122
Inghams, Ingleburn Victoria		123
Australia Post Distribution Centre, Rowville Inghams, Thomastown Queensland		123 124
Toll NQX Logistics, Gracemere		124
Inghams, Cleaveland		125
South Australia Coles Distribution Centre, Adelaide		125
Western Australia
OneSteel Industrial Facility, Bibra Lake		126
Coles Distribution Centre, Perth		126
Direct Industrial Fund No.3 (DIF3)
South Australia
Coles Distribution Centre, Adelaide		132
Western Australia
170 Railway Parade, Bassenden		132
Coles Distribution Centre, Perth Airport		133
Charter Hall Direct CDC Trust (CDC) South Australia
Coles Distribution Centre, Adelaide		135

146 / Index

Charter Hall Property Portfolio / 30 June 2015 / 147

Index cont.

Hospitality Long WALE Investment Partnership (LWHP) New South Wales Westower Tavern, West Ballina Greenhouse Tavern, Coffs Harbour Boomerang Hotel, Lavington 139 139 139 Victoria Excelsior Hotel, Thomastown Manhattan Hotel,Ringwood Waltzing Matilda Hotel, Springvale First & Last Hotel, Hadfeld Moreland Hotel, Brunswick St Albans Hotel, St Albans Cherry Hill Tavern, Doncaster Glengala Hotel, Sunshine Balaclava Hotel, St Kilda East Albion Charles Hotel, Northcote Croxton Park Hotel, Thornbury Monash Hotel, Clayton Oakleigh Junction Hotel, Oakleigh Palace Hotel, Camberwell Coolaroo Hotel, Coolaroo Preston Hotel, Preston 139 139 139 139 139 139 139 139 139 139 139 139 139 139 139 139 Queensland Harvey Road Tavern, Clinton Kawana Waters Hotel, Kawana Waters Villa Noosa Hotel, Noosaville Hinterland Hotel Motel, Nerang Glenmore Tavern, Rockhampton Federal Hotel, Toowoomba Buderim Tavern, Buderim Redbank Plains Tavern, Redbank Plains Allenstown Hotel, Allenstown Dog and Parrot Hotel, Robina Parkwood Tavern, Parkwood Royal Beenleigh Hotel, Beenleigh Capalaba Tavern, Capabala Highfelds Tavern, Highfelds Russell Tavern, Dalby Waterfront Hotel, Diddillibah Commercial Hotel, Nerang 139 139 139 139 139 139 139 139 139 139 139 139 139 139 139 139 139 Western Australia Greenwood Hotel, Greenwood Hyde Park Hotel, West Perth Belmont Tavern, Cloverdale Highway Hotel, Bunbury Lakers Tavern, Thornline Dunsborough Hotel, Dunsborough Peel Alehouse, Halls Head Bull Creek Tavern, Bull Creek Herdsman Lake Tavern, Wembley 139 139 139 139 139 139 139 139 139	Hospitality
	Long WALE Investment Partnership (LWHP) cont.
	South Australia
	Findon Hotel, Findon Slug N Lettuce British Pub, Parafeld Gardens Victoria Hotel, O’Halloran Hill Norwood Hotel, Norwood Royal Oak, North Adelaide Federal Hotel, Mt Gambier 139 139 139 139 139 139
	Tasmania
	Gateway Inn Hotel, Devonport Carlyle Hotel, Derwent Park Riverside Hotel Motel, Riverside 139 139 139
	Long WALE Investment Partnership No.2
	Queensland
	Irish Finnegan’s Hotel, Thuringowa Central Upper Ross Hotel, Rasmussen Blue Pacifc Hotel, Woorim 141 141 141

Further information

Enquiries

Nick Kelly Head of Investor Relations +61 2 8651 9235 [email protected]

Disclaimer:

This document has been prepared by Charter Hall Group (Charter Hall Limited (ABN 57 113 531 150) and Charter Hall Funds Management Limited (ABN 31 082 991 786) (AFSL 262861) as the responsible entity for Charter Hall Property Trust (ARSN 113 339 147) (together, the Charter Hall Group or the Group). It is a summary and does not purport to be complete. It is not intended to be relied upon as advice to investors or potential investors and does not take into account the investment objectives, financial situation or needs of any particular investor. A reader should, before making any decisions in relation to their investment or potential investment in the Charter Hall Group, seek their own professional advice. This document is not an offer or invitation for subscription or purchase of securities or other financial products.

Indications of, and guidance on, future earnings and financial position and performance are “forward-looking statements”. Due care and attention has been used in the preparation of any forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Group, that may cause actual results to differ materially from those expressed or implied in such statements. There can be no assurance that actual outcomes will not differ materially from these statements. Except as required by law, the Group does not undertake any obligation to publicly update or review any forward - looking statements, whether as a result of new information or future events.

This information has been made available to the recipient for information purposes only. It is not intended to be, and does not constitute a product disclosure statement, prospectus, short form prospectus or profile statement as those terms are defined in the Corporations Act. It does not constitute an offer for the issue, sale or purchase of any securities, or any recommendation in relation to investing in any asset. This document has been prepared without taking account of any particular investor’s objectives, financial situation or needs. For this reason, it is important that you consider the relevant PDS for the offer and consider whether to seek appropriate professional advice before making any investment decision. Entities within the Charter Hall Group may receive fees for managing the assets of, and providing resources to each Fund. For more detail on fees, see the relevant PDS.

==> picture [133 x 161] intentionally omitted <==

AI assistant

CHARTER HALL GROUP — Annual Report 2015

64645_rns_2015-08-25_b6dd7169-0f2b-4a2b-9fe9-61532db2529c.pdf

Charter Hall Property Portfolio

management $13.6 billion

Charter Hall Group

Charter Hall Group has grown, since its launch in 1991, to become one of Australia’s leading property groups, with a total property portfolio of $13.6 billion.

Charter Hall Funds Management Platform

Our funds, partnerships & mandates

As at 30 June 2015

Core Plus Office Fund

Top 10 tenants

Annual lease expiry

Fund Statistics

Asset diversification

Tenant type diversification

Weighted average core lease expiry (years)

Property Portfolio

June 2015 Capitalisation Rate 6.96% June 2015 Discount Rate 8.40%”

333 George Street Sydney NSW (under development)

Summary

Summary

Summary

WSU

Summary

St George Bank

Summary

Summary

570 Bourke Street

Summary

Summary

Northbank Plaza

Summary

Summary

ATO

Bank SA

Charter Hall Office Trust

Top 10 tenants

Fund Statistics

Asset diversification

Tenant type diversification

NABERS energy rating (excludes GreenPower)

Property Portfolio

June 2015 Capitalisation Rate 6.96% June 2015 Discount Rate 8.39%”

No.1 Martin Place

Sydney NSW

Summary

Allianz Centre

Summary

The Denison

Avaya House

Summary

Summary

Australian Taxation Office

Wentworth Place

Summary

Summary

Argus Centre

5 Queens Road

Summary

Summary

Summary

Summary

175 Eagle Street Brisbane QLD

Summary

Summary

Australia Place

Eastpoint Plaza

Office mandates and partnerships

Ownership

275 George Street Brisbane QLD (core)

Ownership

Charter Hall Direct Office Fund

Top 10 tenants

Fund Statistics

Weighted average lease expiry (years)

Property Portfolio

June 2015 Capitalisation Rate 7.23% June 2015 Discount Rate 8.49%”

68 Pitt Street Sydney NSW

Summary

CHARTER HALL GROUP Annual Report 2015