Charter Hall Group

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Property Portfolio Period ending 30 June 2013

2 / Contents

Charter Hall Group 4 Our funds, partnerships & mandates 6 Offce Charter Hall Offce Trust (CHOT) Core Plus Offce Fund (CPOF) Offce mandates Charter Hall Direct Property Fund (CHDPF) 130 Stirling Street (CHIF7) 144 Stirling Street (CHIF8) 685 LaTrobe Street Melbourne No. 1 Martin Place Trust (1MPT) 10 24 38 40 52 54 56 58 Retail Charter Hall Retail REIT (CQR) Listed REIT Retail Partnership No.1 Retail Partnership No.2 Bunnings Partnership Charter Hall Direct Retail Fund (DRF) 62 70 72 74 76	Industrial Core Plus Industrial Fund (CPIF) Direct Industrial Fund (DIF1) Direct Industrial Fund No.2 (DIF2) Core Logistics Partnership (CLP) 80 98 106 110
	Diversifed PFA Diversifed Trust (PFA) Charter Hall Opportunity Fund No.4 (CHOF4) Charter Hall Opportunity Fund No.5 (CHOF5) Diversifed Property Fund (DPF) 114 124 126 130
	Index 136
	Further Information 141

(Cover) Bankwest Place and Raine Square, Perth WA

Charter Hall Property Portfolio / 30 June 2013 / 3

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management $10.3 billion

Number of properties 203 Occupancy[1 ] 97% Weighted Average Lease Expiry (WALE)[1] 6.1 years Weighted Average Rental Review[1 ] 3.8%”

Note:

Wanneroo Central, Wanneroo WA

Represents entire Charter Hall Funds Management platform

4 / Charter Hall Group

Charter Hall Group

Charter Hall is one of Australia’s leading fully integrated property groups, with over 22 years’ experience managing high quality property on behalf of institutional, wholesale and retail clients.

We have a $10.3 billion predominately Australian property portfolio focused on the core real estate sectors of office, retail and industrial. We are the largest third party manager of Australian office and grocery anchored retail centre assets, and have the third largest managed industrial property portfolio.

As an integrated property group, our 300 plus employees deliver professional services across the full property

spectrum from investment management to property management to development.

We believe sustainability is a key element to good business and that by ensuring our actions are not only commercially sound but that they make a difference to our people, our customers and the environment in which we work and live, we can contribute in a positive way.

Charter Hall Funds Management Platform

As at 30 June 2013

Total Offce 1% 11% 59% 29%
	Offce 59%
	Retail 29%
	Industrial 11%
	Residential 1%
	Retail Industrial Residential
No. of properties 203 56	105 39 3
NLA 2,750,323sqm 1,052,211sqm	915,617sqm 782,495sqm n/a
Value $10.3bn $6.1bn	$3.0bn $1.1bn $0.1bn

Charter Hall Property Investment Portfolio[1] As at 30 June 2013

Total Offce 13% 52% 35%
	Offce 52%
	Retail 35%
	Industrial 13%
	Retail Industrial Residential
Investments $603m $311m	$213m $79m $0m

Note:

Includes Charter Hall Group direct property and investment in property funds, excludes development investments and investment in CIP

Charter Hall Property Portfolio / 30 June 2013 / 5

Charter Hall aims to outperform investment benchmarks, achieving high levels of tenant retention and rental growth across 203 assets[1] .

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Northern Territory
Queensland
Western Australia
South Australia
New South Wales
ACT
Victoria
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Australian Capital Territory

5 properties Office 1 Retail 4 New South Wales 71 properties Office 22 Retail 44 Industrial 5

Queensland 38 properties Office 8 Retail 17 Industrial 13

Western Australia 25 properties Office 9 Retail 11 Industrial 5

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Tasmania
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South Australia

Victoria South Australia Tasmania Residential 36 properties 6 properties 6 properties 3 properties Office 12 Office 3 Office 1 New South Wales 2 Retail 11 Retail 2 Retail 3 Victoria 1 Industrial 13 Industrial 1 Industrial 2

Note:

Includes offshore assets. 7 Europe, 3 USA and 3 New Zealand.

6 / Our funds and partnerships

Our funds, partnerships & mandates

As at 30 June 2013

Offce
Charter Hall Offce Trust (CHOT)
Assets		18
Gross property assets		$2,031 million
Balance sheet gearing		45.8%
Capitalisation Rate		7.73%
WALE		4.4 years
Occupancy		97%
Charter Hall co-investment		$159.0 million (14.5%)
Core Plus Offce Fund (CPOF)1
Assets		15
Gross property assets		$1,793 million
Balance sheet gearing		39.4%
Capitalisation Rate		7.77%
WALE		5.2 years
Occupancy Charter Hall co-investment 97% $114.7 million (12.3%) Charter Hall Direct Property Fund (CHDPF)
Assets		9
Gross property assets		$491 million
Balance sheet gearing		47.3%
Capitalisation Rate		8.33%
WALE		4.3 years
Occupancy Charter Hall co-investment 95% $10.7 million (4.0%) 130 Stirling Street Trust (CHIF7)
Assets		1
Gross property assets		$84 million
Balance sheet gearing		39.9%
Capitalisation Rate		8.50%
WALE		5.8 years
Occupancy		100%
144 Stirling Street Trust (CHIF8)
Assets		1
Gross property assets		$57 million
Balance sheet gearing		40.2%
Capitalisation Rate		8.50%
WALE		6.7 years
Occupancy		100%
No.1 Martin Place Trust (1MPT)2
Assets		1
Gross property assets		$210 million
Balance sheet gearing		36.0%
Capitalisation Rate		6.70%
WALE		3.1 years
Occupancy		100%

Retail
Charter Hall Retail REIT (CQR)			Listed REIT
Grocery anchored Australian portfolio			74
Gross property assets			$1,658 million
Balance sheet gearing3			29.7%
WALE (all tenancies)			7.1 years
Occupancy			98%
Charter Hall co-investment	$103.1 million (9.2%)
Retail Partnership No.1 (RP1)
Assets			10
Gross property assets			$393 million
Balance sheet gearing			41.2%
Capitalisation Rate			7.67%
WALE			12.4 years
Occupancy			99%
Bateau Bay Square (RP2)
Assets			1
Gross property assets			$164.0 million
Balance sheet gearing			45.8%
Capitalisation Rate			8.00%
WALE			3.9 years
Occupancy			99%
Charter Hall co-investment	$17.7 million (20.0%)
Bunnings Partnership (BP Fund)
Assets			10
Gross property assets			$238.7 million
Balance sheet gearing			55.0%
Capitalisation Rate			7.58%
WALE			12.0 years
Occupancy			100%
Charter Hall co-investment	$14.3 million (13.0%)
Charter Hall Direct Retail Fund (DRF)
Assets			2
Gross property assets			$55.5 million
Balance sheet gearing			45.5%
Capitalisation Rate			10.29%
WALE			4.3 years
Occupancy			98%
Charter Hall co-investment		$55.2	million (100%)

Note:

Excludes forecast completion value of 100 Skyring Terrace 2. Sold post balance date
Post initiatives

Charter Hall Property Portfolio / 30 June 2013 / 7

Industrial

Industrial
Core Plus Industrial Fund (CPIF)
Assets	21
Gross property assets	$560 million
Balance sheet gearing	1.2%
Capitalisation Rate	8.30%
WALE	9.6 years
Occupancy	99%
Charter Hall co-investment	$56.7 million (13.1%)
Core Logistics Partnership (CLP)
Assets	6
Gross property assets	$232.1 million
Balance sheet gearing	0%
Capitalisation Rate WALE	8.10% 12.2 years
Occupancy	100%
Charter Hall co-investment Direct Industrial Fund (DIF1) Assets	$10.8 million (5.3%) 7
Gross property assets	$211 million
Balance sheet gearing	38.3%
Capitalisation Rate	8.00%
WALE	12.2 years
Occupancy	100%
Charter Hall co-investment	$0.2 million (0.2%)
Direct Industrial Fund No.2 (DIF2)
Assets	2
Gross property assets	$55 million
Balance sheet gearing	0%
Capitalisation Rate	7.92%
WALE	14.9 years
Occupancy	100%

Diversified

Diversifed
PFA Diversifed Trust (PFA)
Assets		11
Gross property assets		$370 million
Balance sheet gearing		51.8%
Capitalisation Rate		9.21%
WALE		3.9 years
Occupancy		94%
Charter Hall co-investment		$0.2 million (0.1%)
Charter Hall Opportunity Fund No.4		(CHOF4)
Assets		1
WALE (all tenancies)		5.5 years
Occupancy		99%
Charter Hall Opportunity Fund No.5		(CHOF5)
Assets		5
Gross property assets		$277 million
Charter Hall co-investment		15%
Diversifed Property Fund (DPF)
Assets		5
Gross property assets		$70 million
Balance sheet gearing		44.3%
Capitalisation Rate		8.35%
WALE		5.5 years
Occupancy		100%
Charter Hall co-investment		$8.1 million (19.6%)
Charter Hall Investment Funds (CHIF) 3 & 6
Assets		2
Gross property assets		$23 million
WALE		7.6 years
Occupancy		100%
Charter Hall Umbrella Fund (CHUF)
Assets		nil
Gross property assets		$116 million
Balance sheet gearing		0%
WALE		6.3 years
Occupancy		96%
Charter Hall co-investment	$30.1 million (24.2%)

Bankwest Place 300 Murray Street, Perth WA

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Charter Hall Property Portfolio / 30 June 2013 / 9
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Argus Centre, 300 LaTrobe Street, Melbourne Vic

Charter Hall Property Portfolio / 30 June 2013 / 11

Charter Hall Office Trust

Charter Hall Office Trust 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

By gross income

					Australian Government
				9%	Macquarie Group Ltd
			7%		Telstra Corporation Ltd
		4%			Citigroup
	3%				Aurizon
	3%				Allianz
2%					Wilson Parking
2%					Gilbert & Tobin
2%					Mediacom
2%					Caltex

Annual lease expiry

By net lettable area

				Vacant
7%				FY14
		22%		FY15
	11%			FY16
	11%			FY17
			45%	FY18+

12 / Office / Charter Hall Office Trust

Fund Statistics

Asset diversification

By current value

Asset diversifcation By current value
2 Park St, Sydney NSW	19%
No.1 Martin Place, Sydney NSW	10%
2 Market St, Sydney NSW	9%
59 Goulburn St, Sydney NSW	4%
The Denison 65 Berry Street, North Sydney NSW	5%
Charter Grove 29-57 Christie St, St Leonards NSW	4%
Avaya House 123 Epping Rd, North Ryde NSW	4%
Wentworth Place 9 Wentworth St, Parramatta NSW	1%
ATO 266 King St, Newcastle NSW	2%
Argus Centre 300 LaTrobe St, Melbourne Vic	8%
150 Lonsdale St, Melbourne Vic	7%
171 Collins St, Melbourne Vic (Development)	6%
5 Queens Rd, Melbourne Vic	3%
ATO Moonee Ponds 6-20 Gladstone St, Melbourne Vic	4%
175 Eagle St, Brisbane Qld	7%
Capital Hill 83-85 George St, Brisbane Qld	3%
Eastpoint Plaza 233-237 Adelaide Terrace, Perth WA	3%

Tenant type diversification By gross income

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17% 65%1
18%
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	Investment grade	65%1
	Other	18%
	Government	17%

NABERS Energy Rating (with GreenPower)

2 Park St, Sydney NSW	
No.1 Martin Place, Sydney NSW	
2 Market St, Sydney NSW	
59 Goulburn St, Sydney NSW	
The Denison, North Sydney NSW	
Charter Grove, St Leonards NSW	
Avaya House, North Ryde NSW	
Wentworth Place, Parramatta NSW	
ATO, Newcastle NSW	

Argus Centre 300 LaTrobe St, Melbourne Vic	
150 Lonsdale St, Melbourne Vic	
5 Queens Rd, Melbourne Vic	
ATO Moonee Ponds, Melbourne Vic	
175 Eagle St, Brisbane Qld	
Capital Hill, Brisbane Qld	
Eastpoint Plaza, Perth WA	
Australia Place, Canberra ACT	

Note:

Includes widely recognised professional service firms

Charter Hall Property Portfolio / 30 June 2013 / 13

Property Portfolio

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June 2013 Capitalisation Rate 7.73% June 2013 Discount Rate 9.19%”

	CHOT	Jun 2013	WALE (years)	Weighted Avg
	Ownership %	valuation A$M		rent reviews (%)
2 Park St, Sydney NSW	50%	385.0	4.9	3.9%
No.1 Martin Place, Sydney NSW1	50%	210.0	3.1	4.2%
2 Market St, Sydney NSW	50%	178.5	5.1	4.0%
59 Goulburn St, Sydney NSW	100%	86.0	2.4	3.9%
The Denison 65 Berry Street, North Sydney NSW	100%	88.0	4.9	4.0%
Charter Grove 29-57 Christie St, St Leonards NSW	100%	83.0	3.6	4.2%
Avaya House 123 Epping Rd, North Ryde NSW	100%	75.5	2.7	3.7%
Wentworth Place 9 Wentworth St, Parramatta NSW	100%	25.4	4.0	3.5%
ATO 266 King St, Newcastle NSW	100%	47.8	3.8	3.5%
Argus Centre 300 LaTrobe St, Melbourne Vic	100%	167.1	9.1	3.6%
150 Lonsdale St, Melbourne Vic	100%	135.0	1.8	3.6%
171 Collins St, Melbourne Vic	50%	115.5	9.8	3.8%
5 Queens Rd, Melbourne Vic	100%	66.0	2.7	3.8%
ATO Moonee Ponds 6-20 Gladstone St, Melbourne Vic	100%	81.0	6.6	4.0%
175 Eagle St, Brisbane Qld	100%	150.5	5.1	4.2%
Capital Hill 83-85 George St, Brisbane Qld	100%	48.5	2.8	3.5%
Eastpoint Plaza 233-237 Adelaide Terrace, Perth WA	100%	62.8	2.8	4.2%
Australia Place 14 Mort St, Canberra ACT	100%	25.5	2.5	0.0%
Total/Weighted average		2,031.0	4.4	3.8%

Note:

CHOT acquired remaining 50% interest in No.1 Martin Place from it’s JV partner post 30 June 2013, taking it’s interest in the asset to 100%.

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14 / Office / Charter Hall Office Trust
Allianz Centre, 2 Market Street, Sydney NSW
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Charter Hall Property Portfolio / 30 June 2013 / 15

CitiCentre 2 Park 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.

Summary

Summary
Year built (or refurbished)		2000
Grade		Premium
Ownership		50%
JV partner		General Property Trust (GPT)
Total NLA (sqm)		73,582
Typical foor plate (sqm)		1,865
Car spaces		284
Valuation (30 June 2013)
Valuation (50%)		$385.0 million
Value ($/sqm)		$10,423
Last external valuation date		31 December 2012
Valuer		CBRE
Tenancy statistics
WALE (by income)		4.9 years
Occupancy		94.5%
Major tenants		NLA (sqm)
Citi		25,488
Gilbert and Tobin		9,280
Royal Bank of Canada		6,987

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		50%1
JV partner		No. 1 Martin Place Trust1
Total NLA (sqm)		40,237
Typical foor plate (sqm)		1,672
Car spaces		374
Valuation (30 June 2013)
Valuation (50%)		$210.0 million1
Value ($/sqm)		$10,438
Last external valuation date		31 December 2012
Valuer		Colliers
Tenancy statistics
WALE (by income)		3.1 years
Occupancy		90%
Major tenant		NLA (sqm)
Macquarie Group Ltd		36,364

Note:

CHOT acquired remaining 50% interest in the asset from its JV Partner post 30 June 2013.

16 / Office / Charter Hall Office Trust

Allianz Centre 2 Market Street, Sydney NSW

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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)		1991 (2007 forecourt)
Grade		A
Ownership		50%
JV partner		Allianz
Total NLA (sqm)		39,818
Typical foor plate (sqm)		1,954 (main)
Car spaces		301
Valuation (30 June 2013)
Valuation (50%)		$178.5 million
Value ($/sqm)		$8,955
Last external valuation date		31 December 2012
Valuer		Knight Frank
Tenancy statistics
WALE (by income)		5.1 years
Occupancy		100%
Major tenants		NLA (sqm)
Allianz		18,909
Caltex		9,201
BDO Kendalls		3,952

59 Goulburn Street, Sydney NSW

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A 28 level, A-grade office tower located between George and Pitt Streets, opposite World Square.

Summary

Summary
Year built (or refurbished)		1973 (2001)
Grade		A
Ownership		100%
Total NLA (sqm)		19,586
Typical foor plate (sqm)		858
Car spaces		135
Valuation (30 June 2013)
Valuation		$86.0 million
Value ($/sqm)		$4,390
Last external valuation date		31 December 2012
Valuer		Savills
Tenancy statistics
WALE (by income)		2.4 years
Occupancy		97%
Major tenants		NLA (sqm)
Dept of Environment and Heritage (NSW) 10,996
Charles Parsons		1,669

Charter Hall Property Portfolio / 30 June 2013 / 17

The Denison 65 Berry Street, North Sydney NSW

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

Summary

Summary
Year built (or refurbished)		1986
Grade		A
Ownership		100%
Total NLA (sqm)		15,123
Typical foor plate (sqm)		873
Car spaces		157
Valuation (30 June 2013)
Valuation		$88.0 million
Value ($/sqm)		$5,819
Last external valuation date		31 December 2012
Valuer		Knight Frank
Tenancy statistics
WALE (by income)		4.9 years
Occupancy		94%
Major tenants		NLA (sqm)
MediaCom		6,941
Reckon		2,442

Charter Grove

29-57 Christie Street, St Leonards NSW

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A modern seven level, A-grade office building and adjoining sports and community complex located in the St Leonards business district.

Summary

Summary
Year built (or refurbished)		1990
Grade		A
Ownership		100%
Total NLA (sqm)		18,081
Typical foor plate (sqm)		2,155
Car spaces		285
Valuation (30 June 2013)
Valuation		$83.0 million
Value ($/sqm)		$4,590
Last external valuation date		31 December 2012
Valuer		m3 Property
Tenancy statistics
WALE (by income)		3.6 years
Occupancy		100%
Major tenants		NLA (sqm)
Coca Cola Amatil (Australia)		4,313
Australian Rugby Union (ARU)		3,679
Fitness First		3,056

18 / Office / Charter Hall Office Trust

Avaya House 123 Epping Road, Macquarie Park NSW

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

Summary

Summary
Year built (or refurbished)		2000
Grade		A
Ownership		100%
Total NLA (sqm)		16,281
Typical foor plate (sqm)		1,774
Car spaces		534
Valuation (30 June 2013)
Valuation		$75.5 million
Value ($/sqm)		$4,637
Last external valuation date		31 December 2012
Valuer		Knight Frank
Tenancy statistics
WALE (by income)		2.7 years
Occupancy		100%
Major tenants		NLA (sqm)
Avaya Australia		5,050
Amgen Australia		2,739

Wentworth Place

9 Wentworth Street, Parramatta NSW

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

Summary

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 2013)
Valuation			$25.4 million
Value ($/sqm)			$3,304
Last external valuation date			31 December 2012
Valuer			CBRE
Tenancy statistics
WALE (by income)			4.0 years
Occupancy			84%
Major tenant			NLA (sqm)
Dept of Immigration & Citizenship			5,972

Charter Hall Property Portfolio / 30 June 2013 / 19

Australian Taxation Office 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.

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.

Summary

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 2013) Valuation $47.8 million Value ($/sqm) $3,376 Last external valuation date 31 December 2012 Valuer CBRE Tenancy statistics WALE (by income) 3.8 years Occupancy 100% Major tenant NLA (sqm) Australian Taxation Offce 14,157	Year built (or refurbished) 1991 (2012)
	Grade A
	Ownership 100%
	Total NLA (sqm) 33,051
	Typical foor plate (sqm) 1,487
	Car spaces 520
	Valuation (30 June 2013)
	Valuation $167.1 million
	Value ($/sqm) $5,057
	Last external valuation date 31 December 2012
	Valuer CBRE
	Tenancy statistics
	WALE (by income) 9.1 years
	Occupancy 100%
	Major tenants NLA (sqm)
	Telstra Corporation Ltd 23,482
	Department of Veteran Affairs 4,749

20 / Office / Charter Hall Office Trust

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 and is targeting a 6 star NABERS Energy rating.

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

Summary
Year built (or refurbished)		1974 (2005)
Grade		A
Ownership		100%
Total NLA (sqm)		28,744
Typical foor plate (sqm)		1,130
Car spaces		647
Valuation (30 June 2013)
Valuation		$135.0 million
Value ($/sqm)		$4,695
Last external valuation date		31 December 2012
Valuer		m3 Property
Tenancy statistics
WALE (by income)		1.8 years
Occupancy		100%
Major tenants		NLA (sqm)
Telstra Corporation Ltd		13,783
Superpartners		4,317
GMK Centric Services		2,717
GHD		2,485

Summary

Summary
Year built (or refurbished)		2013
Grade		Premium
Ownership		50%
JV partner		Cbus Property
Total NLA (sqm)		33,092
Typical foor plate (sqm)		1,823
Car spaces		136
Valuation (30 June 2013)
Valuation (50%)		$115.5 million
Value ($/sqm)		$6,950
Last external valuation date		31 May 2013
Valuer		Savills
Tenancy statistics
WALE (by income)		9.8 years
Occupancy		54%
Major tenants		NLA (sqm)
BHP Billiton		14,166
Evans and Partners		1,690
Egon Zhender		1,000
Dolce & Gabbana		320

Charter Hall Property Portfolio / 30 June 2013 / 21

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.

Summary

Summary
Year built (or refurbished)		1989
Grade		A
Ownership		100%
Total NLA (sqm)		17,726
Typical foor plate (sqm)		1,670
Car spaces		323
Valuation (30 June 2013)
Valuation		$66.0 million
Value ($/sqm)		$3,723
Last external valuation date		31 December 2012
Valuer		Jones Lang LaSalle
Tenancy statistics
WALE (by income)		2.7 years
Occupancy		100%
Major tenants		NLA (sqm)
Beca		5,041
Leighton Contractors Pty Ltd		3,362
ISIS		2,827
Unico		2,405

Australia Taxation Office 6-20 Gladstone Street, Moonee Ponds Vic

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A seven level, A-grade office building situated in Moonee Ponds in Melbourne’s north west.

Summary

Summary
Year built (or refurbished)		1991
Grade		A
Ownership		100%
Total NLA (sqm)		21,034
Typical foor plate (sqm)		2,862
Car spaces		120
Valuation (30 June 2013)
Valuation		$81.0 million
Value ($/sqm)		$3,664
Last external valuation date		31 December 2012
Valuer		m3 Property
Tenancy statistics
WALE (by income)		6.6 years
Occupancy		100%
Major tenant		NLA (sqm)
Australian Taxation Offce		22,107

22 / Office / Charter Hall Office Trust

175 Eagle Street Brisbane Qld

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An A-grade quality riverfront property situated within the ‘Golden Triangle’ of the Brisbane CBD.

Summary

Summary
Year built (or refurbished)		2002
Grade		A
Ownership		100%
Total NLA (sqm)		22,851
Typical foor plate (sqm)		1,159
Car spaces		162
Valuation (30 June 2013)
Valuation		$150.5 million
Value ($/sqm)		$6,586
Last external valuation date		31 December 2012
Valuer		CBRE
Tenancy statistics
WALE (by income)		5.1 years
Occupancy		87%
Major tenants		NLA (sqm)
Aurizon		10,727
AON Risk Services		1,890

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.

Summary

Summary
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 2013)
Valuation			$48.5 million
Value ($/sqm)			$4,612
Last external valuation date			31 December 2012
Valuer			Colliers
Tenancy statistics
WALE (by income)			2.8 years
Occupancy			100%
Major tenant			NLA (sqm)
State of Qld - Dept Main Roads			8,780

Charter Hall Property Portfolio / 30 June 2013 / 23

Eastpoint Plaza 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.

Summary

Summary
Year built (or refurbished)		1982
Grade		B
Ownership		100%
Total NLA (sqm)		11,672
Typical foor plate (sqm)		1,050
Car spaces		89
Valuation (30 June 2013)
Valuation		$62.8 million
Value ($/sqm)		$5,376
Last external valuation date		31 December 2012
Valuer		Jones Lang LaSalle
Tenancy statistics
WALE (by income)		2.8 years
Occupancy		100%
Major tenants		NLA (sqm)
Minister for Works (Health & Police) 6,094 Goldfelds Gas Transmissions Pty Ltd 1,472

Australia Place

14 Mort Street, Canberra ACT

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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)		1996
Grade		A
Ownership		100%
Total NLA (sqm)		9,384
Typical foor plate (sqm)		900
Car spaces		67
Valuation (30 June 2013)
Valuation		$25.5 million
Value ($/sqm)		$2,718
Last external valuation date		31 December 2012
Valuer		Jones Lang LaSalle
Tenancy statistics
WALE (by income)		2.5 years
Occupancy		100%
Major tenants		NLA (sqm)
Dept of Innovation, Industry, Science, Research, and Tertiary Education		4,942
Dept of Education and Training		4,442

Brisbane Square, Brisbane Qld

Charter Hall Property Portfolio / 30 June 2013 / 25

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

						12%	Telstra Corporation Ltd
						11%	Australian Government
					9%		Westpac Group
				7%			BHP Billiton
			5%				Commonwealth Bank
		4%					Bupa
	3%						Queensland Gas Company Ltd
2%							Suncorp
2%							Secure Car Park Management
2%							Parsons Brinckerhoff

Annual lease expiry

By net lettable area

8%	3% Core Vacancy 5% Vacant due to asset redevelopment underway	3% Core Vacancy 5% Vacant due to asset redevelopment underway	3% Core Vacancy 5% Vacant due to asset redevelopment underway	3% Core Vacancy 5% Vacant due to asset redevelopment underway	Vacant
8%					FY14
		14%			FY15
9%					FY16
8%					FY17
			17%		FY18
	11%				FY19
				25%	FY20+

26 / Office / Core Plus Office Fund

Fund Statistics

Asset diversification

By current value

Asset diversifcation By current value
167 Macquarie Street, Sydney NSW	5%
St George Bank, Kogarah, Sydney NSW	6%
331 & 333 George Street, Sydney NSW	4%
9 Castlereagh Street, Sydney NSW	9%
11 Exhibition Street, Melbourne Vic	10%
570 Bourke Street, Melbourne Vic	10%
Brisbane Square, Brisbane Qld	7%
275 George Street, Brisbane Qld	10%
Northbank Plaza, Brisbane Qld	9%
100 Skyring Terrace, Brisbane Qld	5%
51 Pirie Street, Adelaide SA	1%
Bank SA, Adelaide SA	1%
225 St Georges Terrace, Perth WA	11%
109 St Georges Terrace, Perth WA	4%
Bankwest Place 300 Murray Street, Perth WA	8%

Tenant type diversification

By gross income

14% 69% 17%

	National and international	69%
	Government and government related	17%
	Other	14%

Geographical diversification

By current value

2% 23% 24%	32%
	19%

	Queensland	32%
	Victoria	19%
	New South Wales	24%
	Western Australia	23%
	South Australia	2%

Charter Hall Property Portfolio / 30 June 2013 / 27

Weighted Average Lease Expiry (years)

By gross income

								9.3
							8.6	Brisbane Square, Brisbane Qld
						8.2		St George Bank, Kogarah NSW
						8.2		Bank SA, Adelaide SA
						7.8		100 Skyring Terrace, Brisbane Qld
					6.1		11 Exhibition Street, Melbourne Vic
					6.0		275 George Street, Brisbane Qld
				4.3			Northbank Plaza, Brisbane Qld
			3.8				109 St Georges Terrace, Perth WA
			3.7				167 Macquarie Street, Sydney NSW
		3.2					51 Pirie Street, Adelaide SA
	2.5						9 Castlereagh Street, Sydney NSW
	2.4						570 Bourke Street, Melbourne Vic
	2.3						225 St Georges Terrace, Perth WA
	0.6						331 George Street, Sydney NSW
0.4							333 George Street, Sydney NSW
				4.7			WALE

28 / Office / Core Plus Office Fund

Property Portfolio

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

June 2013 Capitalisation Rate 7.77% June 2013 Discount Rate 9.26%”

	CPOF	Jun 2013	WALE (years)	Weighted Avg
	Ownership %	valuation A$M		rent reviews (%)
167 Macquarie Street, Sydney NSW	100%	87.0	3.7	3.79%
St George Bank, Kogarah NSW	100%	118.0	8.2	CPI (3.0%)
331 & 333 George Street, Sydney NSW	100%	72.9	0.4	3.79%
9 Castlereagh Street, Sydney NSW	100%	177.0	2.5	4.08%
11 Exhibition Street, Melbourne Vic	100%	183.0	6.1	4.12%
570 Bourke Street, Melbourne Vic	100%	178.0	2.4	3.52%
Brisbane Square, Brisbane Qld	33%	136.7	8.6	3.43%
275 George Street, Brisbane Qld	50%	187.5	6.0	4.45%
Northbank Plaza, Brisbane Qld	100%	165.5	4.3	4.55%
100 Skyring Terrace, Brisbane Qld	50%	87.8	7.8	4.00%
51 Pirie Street, Adelaide SA	100%	14.0	3.2	3.79%
Bank SA, Adelaide SA	100%	20.5	8.2	CPI (3.0%)
225 St Georges Terrace, Perth WA	100%	200.0	2.3	5.14%
109 St Georges Terrace, Perth WA	100%	80.0	3.8	3.78%
Bankwest Place 300 Murray Street, Perth WA	33%	154.0	9.3	3.86%
Total/Weighted average1		1,861.9	4.7	4.05%

Note: 1. Forecast completion value

570 Bourke Street, Melbourne Vic

30 / Office / Core Plus Office Fund

331 and 333 George Street, Sydney NSW ( core/development inventory)

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Artist’s Impression
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Prominently located on the corner of George Street and Martin Place in Sydney’s CBD, the property comprises a 15 level refurbished office tower built in 1971. 331 George Street is a standalone three level retail terrace building, which is currently fully leased.

331 George Street was acquired by CPOF as part of a strategic site consolidation plan, which is part of a medium to long term strategy to redevelop the combined properties into an integrated A-grade retail and office building.

Summary	331	333
Year built (or refurbished)	n/a	1971
Grade	Retail	B
Ownership	100%	100%
Total NLA (sqm)	138	9,882
Typical foor plate (sqm)	138	730
Car spaces	0	16
Valuation (30 June 2013)
Valuation	$5.4 million	$67.5 million
Value ($/sqm) - Offce	n/a	$5,244
- Retail	$39,855	$17,608
Last external valuation date	30 June 2013	30 June 2013
Valuer	Colliers	Colliers
Tenancy statistics
WALE (by income)	0.6 years	0.4 years
Occupancy1	100%	69.3%
Major tenants	NLA (sqm)	NLA (sqm)
Charter Hall	n/a	1,799
Bar 333 (Ryans Hotels)	n/a	1,089
Australian Ugg	138	n/a

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 and ground floor retail incorporating a café and childcare facility at the rear. There is basement car parking for 79 vehicles, including 29 self-park car spaces on the upper basement and access to a car stacker which provides parking for a further 50 vehicles in the lower basement.

Summary
Year built (or refurbished)		1989
Grade		A
Ownership		100%
Total NLA (sqm)		21,044
Typical foor plate (sqm)		760
Car spaces		79
Valuation (30 June 2013)
Valuation		$177.0 million
Value ($/sqm)		$8,463
Last external valuation date		30 June 2013
Valuer		m3 Property
Tenancy statistics
WALE (by income)		2.5 years
Occupancy		87.4%
Major tenants		NLA (sqm)
Talent 2		1,329
Van Eyk Research		917
Morgan Lewis Attorneys		746

Note:

Building is being prepeared for redevelopment

Charter Hall Property Portfolio / 30 June 2013 / 31

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 consisting two ground level retail tenancies.

St George Bank

4-16 Montgomery Street, Kogarah NSW (core)

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St George House is well positioned on the southern rail network, providing the Bank with an excellent ability to tap into the large southern Sydney workforce. St George House comprises a purpose built commercial complex, spanning eight levels featuring extensive office space, a bank branch and car spaces.

In addition to the office space and bank branch, the property incorporates a cafeteria, community centre, child care centre, auditorium, gymnasium, outdoor area, tennis court and running track.

Summary

Summary
Year built (or refurbished)		1970 (2005)
Grade		A
Ownership		100%
Total NLA (sqm)		9,734
Typical foor plate (sqm)		780
Car spaces		78
Valuation (30 June 2013)
Valuation		$87.0 million
Value ($/sqm)		$8,912
Last external valuation date		30 June 2013
Valuer		CBRE
Tenancy statistics
WALE (by income)		3.7 years
Occupancy		100%
Major tenants		NLA (sqm)
Gresham Partners		2,364
Fidelity		2,364

Summary

Summary
Year built (or refurbished)		1990
Grade		A
Ownership		100%
Total NLA (sqm)		31,398
Typical foor plate (sqm)		1,965
Car spaces		595
Valuation (30 June 2013)
Valuation		$118.0 million
Value ($/sqm)		$3,758
Last external valuation date		30 June 2013
Valuer		m3 Property
Tenancy statistics
WALE (by income)		8.2 years
Occupancy		100%
Major tenants		NLA (sqm)
St George Bank (Westpac)		31,780

32 / Office / Core Plus Office Fund

11-33 Exhibition Street, Melbourne Vic (core)

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Located in the prime eastern sector of the Melbourne CBD, within close proximity to Collins Street, 11–33 Exhibition Street is a modern prime-grade office building. The building comprises 16 levels of office accommodation with a further 1,077sqm of various retail leases.

Summary

Summary
Year built (or refurbished)		2005
Grade		A
Ownership		100%
Total NLA (sqm)		22,842
Typical foor plate (sqm)		1,700
Car spaces		340
Valuation (30 June 2013)
Valuation		$183.0 million
Value ($/sqm)		$8,012
Last external valuation date		30 June 2013
Valuer		Savills
Tenancy statistics
WALE (by income)		6.1 years
Occupancy		97.3%
Major tenants		NLA (sqm)
Bupa		12,364
Fair Work Australia (Commonwealth of Australia) 9,797

570 Bourke Street, Melbourne Vic ( core/development inventory)

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570 Bourke Street is located in the heart of Melbourne CBD’s legal and commercial district. The property comprises 35,083sqm of refurbished office space over 31 levels with a public car park over five basement levels. Planning approval has been granted for a 14,000sqm expansion of the lower 11 levels of the tower. The project includes renewal of the entire ground level with retail space, an increase in the floorplate size and a dedicated end of trip facility.

Summary

Summary
Year built (or refurbished)		1972 (2003)
Grade		A
Ownership		100%
Total NLA (sqm)		35,083
Typical foor plate (sqm)		1,150
Car spaces		522
Valuation (30 June 2013)
Valuation		$178.0 million
Value ($/sqm)		$5,076
Last external valuation date		30 June 2013
Valuer		Savills
Tenancy statistics
WALE (by income)		2.4 years
Occupancy1		64.1%
Major tenants		NLA (sqm)
State Government		9,588
Secure Parking		522 bays

Note:

Building is being prepeared for redevelopment

Charter Hall Property Portfolio / 30 June 2013 / 33

Brisbane Square Brisbane Qld (core)

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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
Year built (or refurbished)		2006
Grade		A
Ownership		33%
Total NLA (sqm)		57,368
Typical foor plate (sqm)		1,420
Car spaces		341
Valuation (30 June 2013)
Valuation		$136.7 million
Value ($/sqm)		$6,940
Last external valuation date		30 June 2013
Valuer		CBRE
Tenancy statistics
WALE (by income)		8.6 years
Occupancy		99.5%
Major tenants		NLA (sqm)
Brisbane City Council		34,599
Suncorp		23,572

275 George 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 K-REIT.

Summary

Summary
Year built (or refurbished)		2009
Grade		A
Ownership		50%
Total NLA (sqm)		41,738
Typical foor plate (sqm)		1,302
Car spaces		246
Valuation (30 June 2013)
Valuation		$187.5 million
Value ($/sqm)		$8,985
Last external valuation date		30 June 2013
Valuer		Savills
Tenancy statistics
WALE (by income)		6.0 years
Occupancy		99.1%
Major tenants		NLA (sqm)
Telstra Corporation Ltd		28,836
Queensland Gas Company		11,652

34 / Office / Core Plus Office Fund

Northbank Plaza 69 Ann Street, Brisbane Qld (core)

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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
Year built (or refurbished)		2008
Grade		A
Ownership		100%
Total NLA (sqm)		26,700
Typical foor plate (sqm)		1,200
Car spaces		156
Valuation (30 June 2013)
Valuation		$165.5 million
Value ($/sqm)		$6,165
Last external valuation date		30 June 2013
Valuer		Savills
Tenancy statistics
WALE (by income)		4.3 years
Occupancy		100%
Major tenants		NLA (sqm)
Telstra Corporation Ltd		17,996
Parsons Brinckerhoff		5,847
The Bureau of Meteorology		1,400

100 Skyring Terrace, Brisbane Qld (core)

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

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

100 Skyring Terrace is a commercial development site located in the emerging Fortitude Valley/Newstead Riverpark Precinct on the fringe of the Brisbane CBD.

Due for completion in late 2014, the development will encompass a total of 23,547sqm of A Grade office space across 10 tenancy levels. In addition the building will comprise a further 1,056sqm of retail space and 164 car spaces.

Summary

Summary
Year built (or refurbished)		2014
Grade		A
Ownership		50%
Total NLA (sqm)		23,547
Typical foor plate (sqm)		2,500
Car spaces		164
Tenancy statistics
WALE (by income)		7.8 years
Occupancy		55%
Major tenants		NLA (sqm)
Bank of Queensland		12,950

Charter Hall Property Portfolio / 30 June 2013 / 35

51 Pirie Street, Adelaide SA (core/development)

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

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

==> picture [118 x 180] intentionally omitted <==

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

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

Located in the heart of the Adelaide CBD, 51 Pirie Street comprises a seven level retail/office building. The property comprises refurbished commercial B-grade accommodation covering ground retail, five upper levels of office space and a basement level.

Bank SA 97 King William Street, Adelaide SA (core)

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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.

Planning approval has been obtained for a new 32,000sqm A-grade office tower comprising 21 levels and will target a 5 star Green Star rating and a 5 star NABERS Energy rating.

Summary

Summary
Year built (or refurbished)		1983
Grade		B
Ownership		100%
Total NLA (sqm)		6,315
Typical foor plate (sqm)		940
Car spaces		0
Valuation (30 June 2013)
Valuation		$14.0 million
Value ($/sqm)		$2,266
Last external valuation date		30 June 2013
Valuer		Knight Frank
Tenancy statistics
WALE (by income)		3.2 years
Occupancy		79.1%
Major tenants		NLA (sqm)
St George Bank		4,427

Summary

Summary
Year built (or refurbished)		1943
Grade		B
Ownership		100%
Total NLA (sqm)		15,115
Typical foor plate (sqm)		1,340
Car spaces		28
Valuation (30 June 2013)
Valuation		$20.5 million
Value ($/sqm)		$1,356
Last external valuation date		30 June 2013
Valuer		Savills
Tenancy statistics
WALE (by income)		8.7 years
Occupancy		100%
Major tenants		NLA (sqm)
St George Bank		15,115

36 / Office / Core Plus Office Fund

BHP House 225 St Georges Terrace, Perth WA (core)

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Located on St Georges Terrace, 225 St Georges Terrace comprises a 21,192sqm office building, with 733sqm of retail space and three levels of basement parking.

Summary

Summary
Year built (or refurbished)		1990
Grade		A
Ownership		100%
Total NLA (sqm)		21,192
Typical foor plate (sqm)		1,130
Car spaces		373
Valuation (30 June 2013)
Valuation		$200.0 million
Value ($/sqm)		$9,433
Last external valuation date		30 June 2013
Valuer		Savills
Tenancy statistics
WALE (by income)		2.3 years
Occupancy		98.8%
Major tenants		NLA (sqm)
BHP Billiton		13,974
Wilson Parking		373 bays

Bankwest Place and Raine Square, 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 also includes almost an entire CBD block of retail and office use buildings.

Summary

Summary
Year built (or refurbished)		2011
Grade		A
Ownership		33%
Total NLA (sqm)		61,564
Typical foor plate (sqm)		2,000
Car spaces		377
Valuation (30 June 2013)
Valuation		$154.0 million
Value ($/sqm)		$7,504
Last external valuation date		30 June 2013
Valuer		Knight Frank
Tenancy statistics
WALE (by income)		9.3 years
Occupancy		96.5%
Major tenants		NLA (sqm)
Bankwest		44,086
Coles		1,995

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Charter Hall Property Portfolio / 30 June 2013 / 37
109 St Georges Terrace,
Perth WA (core)
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) 2005
Grade A
Ownership 100%
Total NLA (sqm) 13,897
Typical floor plate (sqm) 75
Car spaces 550
Valuation (30 June 2013)
Valuation $80.0 million
Value ($/sqm) $5,757
Last external valuation date 30 June 2013
Valuer Jones Lang LaSalle
Tenancy statistics
WALE (by income) 3.8 years
Occupancy 100%
Major tenants NLA (sqm)
Westpac Bank 8,169
Calibre Global 2,497
11 Exhibition Street, Melbourne Vic
----- End of picture text -----

38 / Office / Office mandates

Office mandates

Charter Hall’s wholesale 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.

Brisbane Square Brisbane Qld (core)

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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.

275 George Street, Brisbane Qld (core)

==> picture [117 x 180] intentionally omitted <==

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

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

Ownership

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

Ownership

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

Charter Hall Property Portfolio / 30 June 2013 / 39

100 Skyring Terrace, Brisbane Qld

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100 Skyring Terrace is an office development site located in the master-planned Newstead Riverpark Precinct, on the fringe of the Brisbane CBD.

Due for completion in late 2014, the development comprises a total of 23,547sqm of A-Grade office space across 10 levels. In addition the building will comprise a further 1,056sqm of retail space and 164 car spaces.

Ownership

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

Bankwest Place and Raine Square, Perth WA

==> picture [117 x 179] intentionally omitted <==

Ownership

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

40 / Office / Charter Hall Direct Property Fund

==> picture [55 x 183] intentionally omitted <==

68 Pitt Street, Sydney NSW

Charter Hall Property Portfolio / 30 June 2013 / 41

Charter Hall Direct Property Fund

Charter Hall Direct Property Fund (CHDPF) is an unlisted property fund, open for investment to retail investors, that aims to provide regular, tax effective income payable quarterly from a diversified portfolio of direct property.

Top 10 tenants

By gross income

						9%	Australian Government
				6%			Barristers’ Chambers
				6%			Orica
		4%					DOF Subsea
		4%					Wilson Parking
		4%				Davies Collison Cave Holding Ltd
		4%					SMEC Australia Ltd
		4%					Meat & Livestock Australia
3%							Adecco
3%							Citigroup
Annual lease expiry By gross income

6%							Vacant
						18%	FY14
						17%	FY15
6%							FY16
			9%				FY17
	7%						FY18
	7%						FY19
					15%		FY20
					15%		FY21+

42 / Office / Charter Hall Direct Property Fund

Fund Statistics

Asset diversification

Asset diversifcation
By current value
68 Pitt Street, Sydney NSW		25%
165 Walker Street, North Sydney NSW		4%
504 Pacifc Highway, St Leonards NSW		6%
2 Wentworth Street, Parramatta NSW		8%
71 Queens Road, Melbourne Vic		5%
200 Queen Street, Melbourne Vic		21%
1 Nicholson Street, Melbourne Vic		15%
300 Adelaide Street, Brisbane Qld		10%
181 St Georges Terrace, Perth WA		6%

Sector diversification

By current value

==> picture [238 x 114] intentionally omitted <==

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

1% 94%
5%
----- End of picture text -----

	Direct Property	94%
	Unlisted Property fund	5%
	Cash & Other	1%

Geographical diversification

By current value

6% 10%	42%
	42%

	New South Wales	42%
	Victoria	42%
	Queensland	10%
	Western Australia	6%

Charter Hall Property Portfolio / 30 June 2013 / 43

Weighted Average Lease Expiry (years)

By gross income

					8.2	8.2	71 Queens Road, Melbourne Vic
					7.8		1 Nicholson Street, Melbourne Vic
				4.9			181 St Georges Terrace, Perth WA
			4.4				68 Pitt Street, Sydney NSW
		3.7					300 Adelaide Street, Brisbane Qld
		3.7					200 Queen Street, Melbourne Vic
	2.2						2 Wentworth Street, Parramatta NSW
1.6							165 Walker Street, North Sydney NSW
1.5						504 Pacifc Highway, St Leonards NSW
			4.3			WALE

44 / Office / Charter Hall Direct Property Fund

Property Portfolio

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June 2013 Capitalisation Rate 8.33% June 2013 Discount Rate 9.53%”

	CHDPF	Jun 2013	WALE (years)	Weighted avg
	Ownership %	valuation A$M		rent reviews (%)
68 Pitt Street, Sydney NSW	100%	120.5	4.4	3.71%
165 Walker Street, North Sydney NSW	100%	22.2	1.6	3.77%
504 Pacifc Highway, St Leonards NSW	100%	29.0	1.5	3.84%
2 Wentworth Street, Parramatta NSW	100%	37.0	2.2	2.49%
71 Queens Road, Melbourne Vic	100%	24.4	8.2	3.56%
200 Queen Street, Melbourne Vic	100%	105.0	3.7	3.79%
1 Nicholson Street, Melbourne Vic	100%	75.5	7.8	3.81%
300 Adelaide Street, Brisbane Qld	100%	50.0	3.7	3.87%
181 St Georges Terrace, Perth WA	100%	27.0	4.9	4.40%
Total/Weighted average		490.61	4.3	3.71%

Note:

Charter Hall Direct Property Fund also retains a $24.6m investment in a wholesale unlisted property fund resulting in total funds under management of $522.9m.

200 Queen Street, Melbourne Vic

46 / Office / Charter Hall Direct Property Fund

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 December 2008.

Summary

Summary
Year built (or refurbished)		1965 (refurbished in 2008)
Grade		B
Ownership		100%
Total NLA (sqm)		14,336
Typical foor plate (sqm)		549
Car spaces		54
Valuation (30 June 2013)
Valuation		$120.5 million
Value ($/sqm)		$8,405
Last external valuation date		30 June 2013
Valuer		Knight Frank
Tenancy statistics
WALE (by income)		4.4 years
Occupancy		100%
Major tenants		NLA (sqm)
Adecco		1,846
Troy Law Services		1,253
ABB Australia		1,139
NIB dental and eye care centre		928
Citigroup Ltd		414

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	Summary	Summary	Summary
Year built (or refurbished) 1963 (refurbished in 1988 and 2001)
Grade			B
Ownership			100%
Total NLA (sqm)			5,279
Typical foor plate (sqm)			812
Car spaces			43
Valuation (30 June 2013)
Valuation			$22.2 million
Value ($/sqm)			$4,206
Last external valuation date			30 June 2013
Valuer			CBRE
Tenancy statistics
WALE (by income)			1.6 years
Occupancy			91.8%
Major tenants			NLA (sqm)
Meat and Livestock Australia Ltd			3,171

Charter Hall Property Portfolio / 30 June 2013 / 47

504 Pacific Highway, St Leonards NSW

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A 14 level commercial building located on the south western alignment of the Pacific Highway with a rear south eastern frontage to Nicholson Street and located within the heart of the St Leonards commercial precinct.

Summary

Summary
Year built (or refurbished)	1963 (refurbished in 1991)
Grade	B
Ownership	100%
Total NLA (sqm)	11,091
Typical foor plate (sqm)	789
Car spaces	115
Valuation (30 June 2013)
Valuation	$29.0 million
Value ($/sqm)	$2,615
Last external valuation date	30 June 2013
Valuer	Knight Frank
Tenancy statistics
WALE (by income)	1.5 years
Occupancy	64.9%
Major tenants	NLA (sqm)
Southern Pacifc Hotel Corporation 1,775

2 Wentworth Street, Parramatta NSW

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This A-grade office property comprises nine upper levels of office and three levels of parking. Located on the corner of Wentworth Street and Parkes Street in the south eastern commercial precinct of Parramatta, it is in close proximity to the train station.

Summary

Summary
Year built (or refurbished)		1990 (refurbished in 2011)
Grade		A
Ownership		100%
Total NLA (sqm)		10,953
Typical foor plate (sqm)		1,023
Car spaces		118
Valuation (30 June 2013)
Valuation		$37.0 million
Value ($/sqm)		$3,378
Last external valuation date		30 June 2013
Valuer		Savills
Tenancy statistics
WALE (by income)		2.2 years
Occupancy		100%
Major tenants		NLA (sqm)
NSW State Government		9,584

48 / Office / Charter Hall Direct Property Fund

71 Queens Road, Melbourne Vic

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This fully refurbished office building comprises 12 levels of office accommodation, ground level retail and basement, ground and mezzanine car parking is provided. Located in Queens Road in close proximity to St Kilda Road, the building enjoys uninterrupted views over Albert Park.

Summary

Summary
Year built (or refurbished)		1970 (various refurbishments)
Grade		B
Ownership		100%
Total NLA (sqm)		8,443
Typical foor plate (sqm)		839
Car spaces		115
Valuation (30 June 2013)
Valuation		$24.4 million
Value ($/sqm)		$2,895
Last external valuation date		30 June 2013
Valuer		External Sale
Tenancy statistics
WALE (by income)		8.2 years
Occupancy		83.4%
Major tenants		NLA (sqm)
SMEC Australia		5,186

200 Queen Street, Melbourne Vic

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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

Summary
Year built (or refurbished)	1982 (refurbished in 2007)
Grade		A
Ownership		100%
Total NLA (sqm)		19,732
Typical foor plate (sqm)		813
Car spaces		413
Valuation (30 June 2013)
Valuation		$105.0 million
Value ($/sqm)		$5,321
Last external valuation date		31 December 2012
Valuer		Jones Lang LaSalle
Tenancy statistics
WALE (by income)		3.7 years
Occupancy		100%
Major tenants		NLA (sqm)
Barristers Chambers Ltd		6,896
Australian Government Solicitors		3,270

Charter Hall Property Portfolio / 30 June 2013 / 49

1 Nicholson 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 and is located close to public transport hubs, both tram and train.

Summary

Summary
Year built (or refurbished)	1958 (refurbished in 2008)
Grade	B
Ownership	100%
Total NLA (sqm)	16,965
Typical foor plate (sqm)	920
Car spaces	55
Valuation (30 June 2013)
Valuation	$75.5 million
Value ($/sqm)	$4,450
Last external valuation date	30 June 2013
Valuer	Jones Lang LaSalle
Tenancy statistics
WALE (by income)	7.8 years
Occupancy	100%
Major tenants	NLA (sqm)
Orica	7,374
Davies Collison Cave	5,078

300 Adelaide Street, Brisbane Qld

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The B-grade commercial office building comprising of 19 upper levels of office accommodation, ground floor retail premises, foyer and two levels of basement parking. The building underwent a major refurbishment in 2000, and the foyer and lifts were upgraded in 2009. The building is well located within close proximity to the Brisbane River, Central Station and the Queen Street Mall.

Summary

Summary
Year built (or refurbished)		1974 (refurbished in 2000)
Grade		B
Ownership		100%
Total NLA (sqm)		13,134
Typical foor plate (sqm)		650
Car spaces		41
Valuation (30 June 2013)
Valuation		$50.0 million
Value ($/sqm)		$3,807
Last external valuation date		30 June 2013
Valuer		Savills
Tenancy statistics
WALE (by income)		3.7 years
Occupancy		89.9%
Major tenants		NLA (sqm)
Transaction Network Services		1,302
Caterpillar Australia		1,296

50 / Office / Charter Hall Direct Property Fund

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)		2000
Grade		A
Ownership		100%
Total NLA (sqm)		3,588
Typical foor plate (sqm)		535
Car spaces		14
Valuation (30 June 2013)
Valuation		$27.0 million
Value ($/sqm)		$7,525
Last external valuation date		31 December 2012
Valuer		Savills
Tenancy statistics
WALE (by income)		4.9 years
Occupancy		100%
Major tenants		NLA (sqm)
DOF Subsea		2,378
Westlink Logistics		533

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Charter Hall Property Portfolio / 30 June 2013 / 51

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300 Adelaide Street, Brisbane Qld
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52 / Office / 130 Stirling Street Trust

130 Stirling Street Trust

130 Stirling Street Trust (CHIF7) is Charter Hall’s seventh direct property syndicate, an unlisted trust providing exposure to a high quality A-grade office building in the growth corridor of the Perth CBD fringe.

Top 5 tenants

By gross income

			Commonwealth Government (Medicare)	Commonwealth Government (Medicare)
		33%	WA Police & Nurses Credit Society
	10%			Downer EDI
	9%			HLB Mann Judd
5%				Wilson Parking

0%				Vacant
0%				FY14
1%				FY15
10%				FY16
0%				FY17
0%				FY18
			73%	FY19
10%				FY20
6%				FY21+

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Charter Hall Property Portfolio / 30 June 2013 / 53
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130 Stirling Street, Perth WA

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130 Stirling Street comprises four office levels plus retail tenancies with four levels of car parking. The property has a 5.5 star NABERS Energy rating and is located on the northern fringe of the Perth CBD and has views to the city centre.

Summary

Summary
Year built (or refurbished)	2009
Grade	A
Ownership	100%
Total NLA (sqm)	12,351
Typical foor plate (sqm)	2,700 to 3,075
Car spaces	242
Valuation (30 June 2013)
Valuation	$84.0 million
Value ($/sqm)	$6,801
Last external valuation date	31 December 2012
Valuer	Jones Lang LaSalle
Tenancy statistics
WALE (by income)	5.8 years
Occupancy	100%
Major tenants	NLA (sqm)
Commonwealth Government (Medicare) 5,306
WA Police and Nurses Credit Society 4,150
Downer EDI Mining Pty Ltd	1,328

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130 Stirling Street, Perth WA
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54 / 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 65%	Hatch 65%
	24%	Minister for Works (WA Governmnet)
8%			Wilson Parking

0%			Vacant
1%			FY14
0%			FY15
26%			FY16
0%			FY17
0%			FY18
0%			FY19
0%			FY20
		73%	FY21+

Charter Hall Property Portfolio / 30 June 2013 / 55

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

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 2013)
Valuation	$57.0 million
Value ($/sqm)	$5,162
Last external valuation date	30 June 2013
Valuer	CBRE
Tenancy statistics
WALE (by income)	7.2 years
Occupancy	100%
Major tenants	NLA (sqm)
Hatch	7,349
Minister for Works	3,525
Wilson Parking	201 bays

144 Stirling Street, Perth WA

56 / Office / Charter Hall Group

685 La Trobe Street, Melbourne Vic

Charter Hall Property Portfolio / 30 June 2013 / 57

685 LaTrobe

Charter Hall Group has a 50% interest in an office development project at 685 La Trobe Street, Melbourne.

685 La Trobe Street, Melbourne Vic

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Artist’s Impression
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Artist’s Impression
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Summary
Status		Pre-leasing
Ownership		50%
Total NLA (sqm)		38,347
Typical foor plate (sqm)		3,300
JV Partner		Flagship Pty Ltd
Car spaces		136

Developed through a Joint Venture between Charter Hall and Flagship Pty Ltd, 685 La Trobe will be a new, highly efficient, 37,000sqm A-grade office building that offers an open, transparent and flexible workspace over 12 levels in the heart of Docklands’ Stadium Precinct.

With large floorplates comprising 3,300sqm, it allows the flexibility to create dynamic meeting spaces for teams to work efficiently and collaborate easily.

The building is designed to achieve a 5 star Green Star rating and a 5 star NABERS Energy rating and comprises 137 car spaces, a dedicated hub for 250 bicycles and 1,100sqm of retail.

Charter Hall is currently sourcing tenant pre-commitments for the project.

No.1 Martin Place, Sydney NSW

Charter Hall Property Portfolio / 30 June 2013 / 59

No.1 Martin Place Trust

No.1 Martin Place Trust[1] (1MPT) was established in 2002 to acquire a 50% interest in the office tower and car park located at No.1 Martin Place, Sydney.

No.1 Martin Place,

Sydney NSW

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Set in the financial heart of Sydney, No.1 Martin Place is one of Australia’s most esteemed business addresses. The 24 level office building has flexible floor plans, floor-to-ceiling windows and views of the surrounding city - all in the centre of the Sydney CBD. Beneath the office tower is seven levels of basement car parking.

	Summary
	Year built (or refurbished)		1999
	Grade		Prime
	Ownership		50%
	Total NLA (sqm)		40,237
	Typical foor plate (sqm)		1,672
	Car spaces		374
	Valuation (30 June 2013)
	Valuation (50%)		$210.0 million
	Value ($/sqm)		$10,438
	Last external valuation date		31 December 2012
	Valuer Tenancy statistics		Colliers
	WALE (by income)		3.1 years
	Occupancy		90%
	Major tenant		NLA (sqm)
	Macquarie Group		36,364

Annual lease expiry

By gross income

0%	0%		Vacant
	2%		FY14
		76%	FY15
0%			FY16
22%			FY17+

Note: 1. Sale of units to CHOT approved in July 2013. Scheme implementation occured in August 2013.

Morisset Shopping Centre, Morisset

Charter Hall Property Portfolio / 30 June 2013 / 61

Lake Macquarie Fair, Mount Hutton

Charter Hall Property Portfolio / 30 June 2013 / 63

Charter Hall Retail REIT

Charter Hall Retail REIT is a specialist REIT with over 17 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

				29%	Woolworths
			25%		Wesfarmers
Annual lease By net lettable	expiry area

		12%			FY14
		10%			FY15
	7%				FY16
		11%			FY17
		9%			FY18
4%					FY19
5%					FY20
	7%				FY21
				35%	Australia1, 2 FY22+

Number of properties					74
Gross lettable area (CQR share, ‘000sqm)					472.0
Valuation (CQR share, $m)					1657.6
NTA per unit ($)3					3.21
Proportion of NTA3					97%
Operational performance metrics
Same property NOI growth					2.8%
Occupancy					98.2%
Specialty rental rate growth					3.1%
Portfolio WALE (years)					7.1

Note:

Excludes Home HQ Nunawading sold post 30 June 2013
All information represents CQR’s Australian portfolio only
Post balance date initatives

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64 / Retail / Charter Hall Retail REIT
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Lake Macquarie Fair, Mount Hutton
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Charter Hall Property Portfolio / 30 June 2013 / 65

New South Wales

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Windsor Marketplace, Windsor
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Summary
Number of properties			33
Number of tenancies Total GLA (sqm)			712 199,931
Valuation Valuation			$757.6 million
Value ($/sqm)			$3,790
Capitalisation rate			8.19%
Discount rate			9.22%
Tenancy statistics
WALE (by income)			8.3 years
Occupancy			98.2%
Major tenants	ABR1 Contribution (%)
Woolworths			24.8%
Coles Big W			17.5% 6.2%
Target			3.3%
Kmart			1.6%
Property Ownership (%)			Classifcation
Bathurst Chase, Bathurst		100%	Neighbourhood
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
Mackenzie Mall, Glen Innes		100%	Neighbourhood
Goonellabah Village, Goonellabah		100%	Neighbourhood

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Thornleigh Marketplace, Thornleigh
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Property Ownership (%) Classification

Gordon Village Centre, Gordon	100%	Neighbourhood
Carnes Hill Marketplace, Horningsea Park	50%	Sub-regional
Jerrabomberra Village, Jerrabomberra	100%	Neighbourhood
Kings Langley Shopping Centre, Kings Langley	100%	Neighbourhood
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
Kierath’s Shopping Square, Narromine	100%	Neighbourhood
Orange Central, Orange	100%	Neighbourhood
Parkes Metroplaza, Parkes	100%	Neighbourhood
Rosehill Woolworths, Rosehill	100%	Freestander
Rutherford Marketplace, Rutherford	50%	Neighbourhood
Gowrie Street Mall, Singleton	100%	Sub-regional
Tamworth City Plaza, Tamworth	100%	Sub-regional
Thornleigh Marketplace, Thornleigh	50%	Neighbourhood
Tumut Coles, Tumut	100%	Freestander
Wellington Coles, Wellington	100%	Freestander
West Ryde Marketplace, West Ryde	50%	Neighbourhood
Windsor Marketplace, Windsor	50%	Neighbourhood
Young Woolworths, Young	100%	Freestander

Note:

Annual Base Rent

66 / Retail / Charter Hall Retail REIT

Victoria

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Pakington Strand, Geelong West
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Summary

Summary
Number of properties		8
Number of tenancies		106
Total GLA (sqm)		45,471
Valuation
Valuation		$108.9 million
Value ($/sqm)		$2,395
Capitalisation rate		7.70%
Discount rate		8.60%
Tenancy statistics
WALE (by income)		5.6 years
Occupancy		99.8%
Major tenants	ABR Contribution (%)
Woolworths		29.2%
Coles		17.2%
Kmart		13.7%
Property Ownership (%)		Classifcation
Bairnsdale Coles, Bairnsdale	100%	Freestander
Lansell Square, Bendigo	100%	Sub-regional
Pakington Strand, Geelong West	50%	Neighbourhood
Safeway Kerang, Kerang	100%	Freestander
Kyneton Shopping Centre, Kyneton	100%	Neighbourhood
Olive Tree Shopping Centre, Lilydale	100%	Neighbourhood
Moe Coles, Moe	100%	Freestander
Moe Kmart, Moe	100%	Freestander

Queensland

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Bribie Island Shopping Centre, Bribie Island
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Summary

Summary
Number of properties		14
Number of tenancies		353
Total GLA (sqm)		96,862
Valuation
Valuation		$371.2 million
Value ($/sqm)		$3,833
Capitalisation rate		8.23%
Discount rate		9.69%
Tenancy statistics
WALE (by income)		6.3 years
Occupancy		99.1%
Major tenants	ABR Contribution (%)
Woolworths		22.1%
Coles		20.2%
Property Ownership (%)		Classifcation
Albany Creek Square, Albany Creek	100%	Neighbourhood
Tablelands Village, Atherton	100%	Neighbourhood
Bribie Island Shopping Centre, Bribie Island	100%	Sub-regional
Caboolture Park Shopping Centre, Caboolture	100%	Sub-regional
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 Plaza, Mareeba	100%	Neighbourhood
Moranbah Fair, Moranbah	100%	Neighbourhood
Allenstown Plaza, Rockhampton	100%	Neighbourhood
Springfeld Fair, Springfeld	100%	Neighbourhood

Charter Hall Property Portfolio / 30 June 2013 / 67

South Australia

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Wharflands Plaza, Port Augusta
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Summary

Summary
Number of properties		2
Number of tenancies		41
Total GLA (sqm)		22,100
Valuation
Valuation		$47.2 million
Value ($/sqm)		$2,136
Capitalisation rate		9.00%
Discount rate		9.71%
Tenancy statistics
WALE (by income)		6.4 years
Occupancy		99.0%
Major tenants	ABR Contribution (%)
Big W		33.0%
Woolworths		30.1%
Property Ownership (%)		Classifcation
Wharfands Plaza, Port Augusta	100%	Sub-regional
Renmark Plaza, Renmark	100%	Sub-regional

Western Australia

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Wanneroo Central, Wanneroo
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Summary

Summary
Number of properties		11
Number of tenancies		234
Total GLA (sqm)		84,039
Valuation
Valuation		$263.3 million
Value ($/sqm)		$3,133
Capitalisation rate		8.04%
Discount rate		9.46%
Tenancy statistics
WALE (by income)		5.9 years
Occupancy		96.8%
Major tenants	ABR Contribution (%)
Coles		17.6%
Woolworths		16.9%
Kmart		9.7%
Property Ownership (%)		Classifcation
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
South Hedland Shopping Centre, South Hedland	100%	Sub-regional
Swan View Shopping Centre, Swan View	100%	Neighbourhood
Wanneroo Central, Wanneroo	50%	Sub-regional

68 / Retail / Charter Hall Retail REIT

ACT

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Erindale Shopping Centre, Wanniassa
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Summary
Number of properties		3
Number of tenancies		59
Total GLA (sqm)		17,145
Valuation
Valuation		$87.0 million
Value ($/sqm)		$5,074
Capitalisation rate		7.95%
Discount rate		9.18%
Tenancy statistics
WALE (by income)		5.7 years
Occupancy		96.0%
Major tenants	ABR Contribution (%)
Woolworths		29.5%
Coles		17.3%
Property Ownership (%)		Classifcation
Dickson Woolworths, Dickson	100%	Freestander
Manuka Terrace, Manuka	100%	Neighbourhood
Erindale Shopping Centre, Wanniassa	100%	Neighbourhood

Tasmania

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Newstead Coles, Newstead
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Summary

Summary
Number of properties		3
Number of tenancies		4
Total GLA (sqm)		6,446
Valuation
Valuation		$22.4 million
Value ($/sqm)		$3,475
Capitalisation rate		7.67%
Discount rate		8.83%
Tenancy statistics
WALE (by income)		8.4 years
Occupancy		100%
Major tenants	ABR Contribution (%)
Woolworths		62.9%
Coles		34.8%
Property Ownership (%)		Classifcation
Newstead Coles, Newstead	100%	Freestander
Smithton Woolworths, Smithton	100%	Freestander
Wynyard Woolworths, Wynyard	100%	Freestander

Charter Hall Property Portfolio / 30 June 2013 / 69

Windsor Marketplace, Windsor NSW

70 / Retail / Retail Partnership No.1

Retail Partnership No.1

Retail Partnership No.1 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 gross income

					Woolworths
7%					Wesfarmers

		8%			FY14
			16%		FY15
		8%			FY16
		8%			FY17
		6%			FY18
		6%			FY19
3%					FY20
	1%				FY21
				44%	FY22+

Charter Hall Property Portfolio / 30 June 2013 / 71

Retail Partnership No.1

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Wanneroo Central, Wanneroo
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Summary
Number of properties				10
Number of tenancies				307
Total GLA (sqm)				94,644
Valuation (30 June 2013)
Valuation				$393.5 million
Value ($/sqm)				$4,157
Capitalisation rate				7.67%
Discount rate				9.24%
Tenancy statistics
Portfolio WALE (by income)				12.4 years
Anchor Wale (by income)				23.2 years
Occupancy				98.8%
Major tenants			ABR Contribution (%)
Woolworths				32.1%
Big W				7.1%
Kmart				3.2%
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
Windsor Marketplace, Windsor NSW
Pakington Strand, Geelong West	Vic
Gladstone Square, Gladstone Qld
Wanneroo Central, Wanneroo WA

Pemulwuy Marketplace, Greystanes NSW

72 / Retail / Bateau Bay Square

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%).

Top 6 tenants

By gross income

							Kmart
				7%			Woolworths
				7%			Coles
3%							Aldi
3%							The Reject Shop
3%							Terry White Chemist
Annual lease expiry By gross income

					17%		FY14
						21%	FY15
			13%				FY16
		10%					FY17
		9%					FY18
						22%	FY19
	1%						FY20
0%							FY21
7%							FY22+

Charter Hall Property Portfolio / 30 June 2013 / 73

Bateau Bay Square Bateau Bay NSW

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Located on a 9.89 hectare site, the Centre offers a choice of three supermarkets; Woolworths, Coles and Aldi, plus a Kmart and Best & Less. There are also over 80 specialty stores and an automotive service pad site. As at April 2013, Moving Annual Turnover was $212.4 million and Moving Annual Traffic was 4.92 million.

Summary

Summary
Number of properties	1
Number of tenancies	120
Total GLA (sqm)	28,227
Valuation (30 June 2013)
Valuation	$164.0 million
Value ($/sqm)	$5,800
Capitalisation rate	8.00%
Discount rate	9.50%
Tenancy statistics
Portfolio WALE (by income)	3.9 years
Anchor Wale (by income)	7.4 years
Occupancy	99%
Major tenants	NLA(sqm)
Kmart	7,587
Coles	5,135
Woolworths	3,600

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Bateau Bay Square, Bateau Bay NSW
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74 / Retail / Bunnings Partnership

Bunnings Partnership

Established in October 2012, the Bunnings Partnership is a wholesale Partnership between Charter Hall Group (13%) and an Australian superannuation fund (87%) which invests in modern Bunnings Warehouse stores. The stores are standalone facilities with long term leases with fixed annual rent increases. The Fund aims to acquire investment grade assets underpinned by long term leases with Bunnings, one of the Southern hemisphere’s largest retailers of home improvement and outdoor living products. Bunnings is fully owned by Wesfarmers Limited.

Tenants

By gross income

		95%	Bunnings
5%			Wiley

11% 0%			Vacant
10% 0%			FY14
7% 0%			FY15
11% 0%			FY16
9% 0%			FY17
7% 0%			FY18
16%			FY19
0%	12%		FY20
15%		FY21 28%
	69%	FY22+

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Charter Hall Property Portfolio / 30 June 2013 / 75
Bunnings Partnership
Summary
Number of properties 10
Number of tenancies 10
Total GLA (sqm) 124,243
Valuation (30 June 2013)
Valuation $238.7 million
Value ($/sqm) $1,921
Capitalisation rate 7.58%
Discount rate 9.48%
Tenancy statistics
WALE (by income) 12.0 years
Occupancy 100.0%
Major tenants (%)
Bunnings 95.0%
Wiley 5.0%
Property Ownership (%) Classification
Bunnings, Armidale NSW [1] 100% Regional
Bunnings, Castle Hill NSW 100% Metro
Bunnings, Chatswood NSW 100% Metro
Bunnings, Kirrawee NSW 100% Metro
Bunnings, Narellan NSW [1] 100% Metro
Bunnings, Rouse Hill NSW 100% Metro
Bunnings, Taree NSW [1] 100% Regional
Bunnings, Rosebud Vic 100% Regional
Bunnings, Stafford Qld 100% Metro
Wiley Stafford Qld 100% Metro
Note:
1. Terms agreed with to settlement due post 30 June 2013.
----- End of picture text -----

Summary
Number of properties		10
Number of tenancies		10
Total GLA (sqm)		124,243
Valuation (30 June 2013)
Valuation		$238.7 million
Value ($/sqm)		$1,921
Capitalisation rate		7.58%
Discount rate		9.48%
Tenancy statistics
WALE (by income)		12.0 years
Occupancy		100.0%
Major tenants		(%)
Bunnings		95.0%
Wiley		5.0%
Property Ownership (%)		Classifcation
Bunnings, Armidale NSW1	100%	Regional
Bunnings, Castle Hill NSW	100%	Metro
Bunnings, Chatswood NSW	100%	Metro
Bunnings, Kirrawee NSW	100%	Metro
Bunnings, Narellan NSW1	100%	Metro
Bunnings, Rouse Hill NSW	100%	Metro
Bunnings, Taree NSW1	100%	Regional
Bunnings, Rosebud Vic	100%	Regional
Bunnings, Stafford Qld	100%	Metro
Wiley Stafford Qld	100%	Metro

76 / Retail

Charter Hall Direct Retail Fund

Charter Hall’s Direct Retail Fund (DRF) invests directly in quality retail properties with a property portfolio of two retail shopping centres[1] as at 30 June 2013

Property Portfolio

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June 2013 Capitalisation Rate 10.18% June 2013 Discount Rate 11.13%”

	DRF	Jun 13	WALE (years)	Weighted avg
	Ownership %	valuation A$M		rent reviews (%)
Menai Central, Sydney NSW	100%	31.5	5.7	2.92%
Home HQ Nunawading, Melbourne Vic	50%	24.0	3.4	3.31%
Total/Weighted average		55.5	4.6	3.10%

Note: 1. Home HQ Nunawading sold post 30 June 2013 and Menai Central expected to settle in September 2013

77 / Retail / Charter Hall Direct Retail Fund

Charter Hall Property Portfolio / 30 June 2013 / 77

Menai Central Sydney NSW

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Menai Central is a modern neighbourhood shopping centre comprising six separate buildings. Menai is an established residential neighbourhood located within the Sutherland Shire Local Government Area, approximately 28 kilometres south of the Sydney CBD.

Summary

Summary
Year built (or refurbished)		2002
Classifcation		Neighbourhood
Ownership		100%
Total GLA (sqm)		10,799
Car spaces		275
Valuation (30 June 2013)
Valuation		$31.5 million
Value ($/sqm)		$2,917
Last external valuation date		31 December 2012
Valuer		Savills
Tenancy statistics
WALE (by income)		5.7 years
Occupancy		97%
Major tenants		NLA (sqm)
Goodlife Gym		1,839
IGA Supermarket		1,617
Dan Murphy’s		1,548

Home HQ Nunawading Melbourne Vic

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Home HQ Nunawading is a modern two-level household retail centre located on Whitehorse Road in Nunawading, approximately 25 kilometres east of the Melbourne CBD.

Summary

Summary
Year built (or refurbished)	2007
Classifcation	Household retail
Ownership	50%
Total GLA (sqm)	22,871
Car spaces	417
Valuation (30 June 2013)
Valuation (50%)	$24.0 million
Value ($/sqm)	$2,099
Last external valuation date	30 June 2013
Valuer	Colliers
Tenancy statistics
WALE (by income)	3.4 years
Occupancy	100%
Major tenants	NLA (sqm)
The Good Guys	3,443
Bev Marks Beds	3,359
Nick Scali Furniture	2,667

Fastline Facility, Derrimut Vic

Charter Hall Property Portfolio / 30 June 2013 / 79

Coles Distribution Centre, Perth WA

Charter Hall Property Portfolio / 30 June 2013 / 81

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

								19%	Coles Group	Coles Group
							11%		Metcash
							10%		Volkswagen
						7%			Woolworths
				5%					Fastline International
				5%						Volvo
				5%						Arrium
3%										Schenker
3%										Chevron
3%										Shiro

	1%									Vacant
	1%									FY14
	4%									FY15
		1%								FY16
					15%					FY17
		6%								FY18
			11%							FY19
		2%								FY20
								59%		FY21+

82 / Industrial / Core Plus Industrial Fund

Fund Statistics

Asset diversification

By current value

Asset diversifcation By current value
Volkswagen Distribution Centre, Chullora NSW	11%
372 Eastern Valley Way, Chatswood NSW	5%
56 Anzac Street, Chullora NSW	3%
15 Huntingwood Drive, Huntingwood NSW	3%
Schenker Facility, Melbourne Airport Vic	2%
130-138 Link Road, Melbourne Airport Vic	3%
Kathmandu Facility, Melbourne Airport Vic	1%
Fastline Facility, Derrimut Vic	5%
Arrium Distribution Centre, Pinkenba Qld	5%
200 Holt Street, Pinkenba Qld	2%
140-160 Robinson Road, Geebung Qld	5%
Toll Facility, Brisbane Airport Qld	2%
17 Sugarmill Road, Meeandah Qld	4%
Lot 2 Sherbrooke Road, Willawong Qld	2%
80-120 Canberra Street, Hemmant Qld	3%
238-260 Gilmore Road, Berrinba Qld	2%
108 Faisal Hatia Way, Berrinba Qld	1%
123-135 Kewdale Road, Kewdale WA	6%
Coles Distribution Centre, Perth Airport WA	16%
Metcash Distribution Centre, Canning Vale WA	12%
Woolworths Distribution Centre, Launceston Tas	7%

Core vs. Enhanced assets

By current value

5% 95%

	Core	95%
	Enhanced	5%

Geographical diversification

By current value

7% 11% 22%	35%
	25%

	Western Australia	35%
	Queensland	25%
	New South Wales	22%
	Victoria	11%
	Tasmania	7%

Charter Hall Property Portfolio / 30 June 2013 / 83

Weighted Average Lease Expiry (years)

By gross income

			23.7
		14.9	Coles Distribution Centre, Perth Airport WA
		14.4	Fastline Facility, Derrimut Vic
	11.2		Volkswagen Distribution Centre, Chullora NSW
	11.0		15 Huntingwood Drive, Huntingwood NSW
	10.5		Arrium Distribution Centre, Pinkenba Qld
	10.5		Metcash Distribution Centre, Canning Vale WA
	9.4		80-120 Canberra Street, Hemmant Qld
6.2			130-138 Link Road, Melbourne Airport Vic
5.9			Schenker Facility, Melbourne Airport Vic
5.3			56 Anzac Street, Chullora NSW
4.4			123-135 Kewdale Road, Kewdale WA
4.1			372 Eastern Valley Way, Chatswood NSW
4.0			17 Sugarmill Road, Meeandah Qld
3.7			Toll Facility, Brisbane Airport Qld
3.3			Kathmandu Facility, Melbourne Airport Vic
2.4			140-160 Robinson Road, Geebung Qld
	9.6		WALE

84 / Industrial / Core Plus Industrial Fund

Property Portfolio

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

June 2013 Capitalisation Rate 8.30% June 2013 Discount Rate 9.76%”

	CPIF	Jun 2013	WALE (years)	Weighted avg
	Ownership %	valuation (A$M)		rent reviews (%)
Volkswagen Distribution Centre, Chullora NSW	100%	59.5	11.2	3.25%
372 Eastern Valley Way, Chatswood NSW	100%	30.0	4.1	3.61%
56 Anzac Street, Chullora NSW	100%	17.5	5.3	3.06%
15 Huntingwood Drive, Huntingwood NSW	100%	16.5	11.0	3.00%
Schenker Facility, Melbourne Airport Vic	100%	11.8	5.9	3.50%
130-138 Link Road, Melbourne Airport Vic	100%	14.7	6.2	3.50%
Kathmandu Facility, Melbourne Airport Vic	100%	7.1	3.3	3.50%
Fastline Facility, Derrimut Vic	100%	29.8	14.4	3.50%
Smorgon Distribution Centre, Pinkenba Qld	100%	28.0	10.5	3.25%
200 Holt Street, Pinkenba Qld	100%	10.2	land	land
140-160 Robinson Road, Geebung Qld	100%	27.0	2.4	3.23%
Toll Facility, Brisbane Airport Qld	100%	8.5	3.7	3.25%
17 Sugarmill Road, Meeandah Qld	100%	22.0	4.0	3.94%
238-260 Gilmore Road, Berrinba Qld	100%	8.5	land	land
450 Sherbrooke Road, Willawong Qld	100%	12.3	land	land
80-120 Canberra Street, Hemmant Qld	100%	15.8	9.4	3.25%
108 Faisal Hatia Way, Berrinba Qld	100%	8.0	land	land
123-135 Kewdale Road, Kewdale WA	100%	35.0	4.4	4.00%
Coles Distribution Centre, Perth Airport WA	50%	91.8	14.9	2.75%
Metcash Distribution Centre, Canning Vale WA	50%	67.5	10.5	3.00%
Woolworths Distribution Centre, Launceston Tas	50%	38.5	23.7	2.80%
Total/Weighted average		559.9	9.6	3.22%

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Charter Hall Property Portfolio / 30 June 2013 / 85
Volkswagen Distribution Centre 24 Muir Rd, Chullora
----- End of picture text -----

86 / Industrial / Core Plus Industrial Fund

Volkswagen Australia 24 Muir Road, Chullora NSW

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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 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
Year built (or refurbished)		2011
Ownership		100%
Total GLA (sqm)		26,739
Valuation (30 June 2013)
Valuation		$59.5 million
Value ($/sqm)		$2,225
Last external valuation date		31 December 2012
Valuer		Knight Frank
Tenancy statistics
WALE (by income)		11.2 years
Occupancy		100%
Major tenants		GLA (sqm)
Volkswagen Group		26,739

Chatswood Business Park 372 Eastern Valley Way, Chatswood NSW

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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 12,674sqm. 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)	12,674
Valuation (30 June 2013)
Valuation	$30.0 million
Value ($/sqm)	$2,367
Last external valuation date	30 June 2013
Valuer	Savills
Tenancy statistics
WALE (by income)	4.1 years
Occupancy	100%
Major tenants	GLA (sqm)
Petbarn	3,624
The Good Guys	2,566

Charter Hall Property Portfolio / 30 June 2013 / 87

56 Anzac Street, Chullora NSW

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The property comprises two substantial industrial warehouse/ office facilities, with attached awning and hardstand areas situated on a site of 6.476 hectares. 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)	28,924
Valuation (30 June 2013)
Valuation	$17.5 million
Value ($/sqm)	$621
Last external valuation date	31 December 2012
Valuer	Savills
Tenancy statistics
WALE (by income)	5.3 years
Occupancy	100%
Major tenants	GLA (sqm)
Australia Post	10,507
Shriro	10,409
Volvo	8,008

15 Huntingwood Drive, Huntingwood NSW

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The property incorporates a modern logistics facility that has a gross lettable area of 11,736sqm, 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.

Summary

Summary
Year built (or refurbished)	1996
Ownership	100%
Total GLA (sqm)	11,736
Valuation (30 June 2013)
Valuation	$16.5 million
Value ($/sqm)	$1,3211
Last external valuation date	30 June 2013
Valuer	Knight Frank
Tenancy statistics
WALE (by income)	11.0 years
Occupancy	100%
Major tenants	GLA (sqm)
Danks	11,736

Note: 1. Excludes $1 million attributed to surplus land.

88 / Industrial / Core Plus Industrial Fund

41-57 South Centre Road Melbourne Airport Business Park, Tullamarine Vic

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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
Year built (or refurbished)	2009
Ownership	100%
Total GLA (sqm)	13,716
Valuation (30 June 2013)
Valuation	$11.8 million
Value ($/sqm)	$860
Last external valuation date	30 June 2013
Valuer	m3 Property
Tenancy statistics
WALE (by income)	5.9 years
Occupancy	100%
Major tenant	GLA (sqm)
DB Schenker	13,716

130-138 Link Road Melbourne Airport Business Park, Tullamarine Vic

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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.

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
Year built (or refurbished)	2006
Ownership	100%
Total GLA (sqm)	21,157
Valuation (30 June 2013)
Valuation	$14.7 million
Value ($/sqm)	$695
Last external valuation date	31 December 2012
Valuer	m3 Property
Tenancy statistics
WALE (by income)	6.2 years
Occupancy	100%
Major tenants	GLA (sqm)
Victorian Electoral Commission	10,678
Caterpillar	10,479

Charter Hall Property Portfolio / 30 June 2013 / 89

55-65 Sky Road

Melbourne Airport Business Park, Tullamarine Vic

==> 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 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
Year built (or refurbished)	2006
Ownership	100%
Total GLA (sqm)	10,040
Valuation (30 June 2013)
Valuation	$7.1 million
Value ($/sqm)	$707
Last external valuation date	31 December 2012
Valuer	m3 Property
Tenancy statistics
WALE (by income)	3.3 years
Occupancy	100%
Major tenants	GLA (sqm)
Kathmandu	10,040

309 Fitzgerald Road, Derrimut Vic

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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.

Summary

Summary
Year built (or refurbished)	2002
Ownership	100%
Total GLA (sqm)	27,432
Valuation (30 June 2013)
Valuation	$29.8 million
Value ($/sqm)	$1,086
Last external valuation date	31 December 2012
Valuer	Jones Lang LaSalle
Tenancy statistics
WALE (by income)	14.4 years
Occupancy	100%
Major tenants	GLA (sqm)
Fastline International	27,432

90 / Industrial / Core Plus Industrial Fund

30 Main Beach Road, Pinkenba Qld

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The Arrium Distribution Centre is a state of the art logistics facility located on a large land holding of 4.22 hectares 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.

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 ongrade dock access.

Summary

Summary
Year built (or refurbished)		2008
Ownership		100%
Total GLA (sqm)		11,705
Valuation (30 June 2013)
Valuation		$28.0 million
Value ($/sqm)		$2,392
Last external valuation date		31 December 2012
Valuer		Savills
Tenancy statistics
WALE (by income)		10.5 years
Occupancy		100%
Major tenant		GLA (sqm)
Smorgon Steel		11,705

200 Holt Street, Pinkenba Qld

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

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

The property comprises a 31,880sqm site, and it is proposed to construct new industrial buildings, providing a total 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

Summary
Year built (or refurbished)	Development site
Ownership	100%
Site area (ha)	3.18
Valuation (30 June 2013)
Valuation	$10.2 million
Value ($/sqm)	$321
Last external valuation date	31 December 2012
Valuer	Knight Frank

Charter Hall Property Portfolio / 30 June 2013 / 91

140-160 Robinson Road, Geebung 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.

Toll, 7 Viola Place Brisbane Airport Qld

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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. Offstreet 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

Year built (or refurbished) 2002-2006 Ownership 100% Total GLA (sqm) 17,376 Valuation (30 June 2013) Valuation $27.0 million Value ($/sqm) $1,554 Last external valuation date 31 December 2012 Valuer Knight Frank Tenancy statistics WALE (by income) 2.4 years Occupancy 100% Major tenants GLA (sqm) TJM (subsidiary of USA listed Group CMI Ltd) 9,310 Protector Alsafe (100% subsidiary of Wesfarmers) 4,396 Wild Republic (K&M Toys) 1,977	Year built (or refurbished) 2007
	Ownership 100%
	Total GLA (sqm) 6,550
	Valuation (30 June 2013)
	Valuation $8.5 million
	Value ($/sqm) $1,298
	Last external valuation date 31 December 2012
	Valuer Colliers International
	Tenancy statistics
	WALE (by income) 3.7 years
	Occupancy 100%
	Major tenant GLA (sqm)
	Toll Transport 6,550

92 / Industrial / Core Plus Industrial Fund

Citiport Industrial Estate 17 Sugarmill Road, Meeandah Qld

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

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 sell 3 separate allotments.

Summary

Summary
Year built (or refurbished)	1991/1996
Ownership	100%
Total GLA (sqm)	14,244
Valuation (30 June 2013)
Valuation	$22.0 million
Value ($/sqm)	$1,545
Last external valuation date	31 December 2012
Valuer	Savills
Tenancy statistics
WALE (by income)	4.0 years
Occupancy	95.1%
Major tenants	GLA (sqm)
Thales	6,307
Sandvik	4,391
CV Services	2,943

80 -120 Canberra Street, Hemmant Qld

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The property comprises a level and regular shaped industrial site of 4.8103 hectare (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
Year built (or refurbished)	n/a
Ownership	100%
Total GLA (sqm)	45,000
Valuation (30 June 2013)
Valuation	$15.8 million
Value ($/sqm)	$350
Last external valuation date	31 December 2012
Valuer	Colliers
Tenancy statistics
WALE (by income)	9.4 years
Occupancy	100%
Major tenants	GLA (sqm)
Tyne	45,000

Charter Hall Property Portfolio / 30 June 2013 / 93

108 Faisal Hatia Way Berrinba Qld

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Artist’s Impression
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The LoganLink Industrial Park is strategically located in the sought after Logan Motorway corridor, within close proximity to the Gateway Motorway and is located approximately 22 radial kilometres south of the Brisbane CBD. This site is positioned to take advantage of Brisbane’s major transport corridors. The site area of 3.46 ha with capacity to develop a facility that can be leased in either one line of up to 19,000sqm or as two separate tenancies ranging in sizes between 4,900sqm and 13,882sqm. The two tenant scheme will enjoy complete independence of operations via separate truck and car entries for each facility.

Summary

Summary
Year built (or refurbished)	n/a
Ownership	100%
Total GLA (sqm)	34,566
Valuation (30 June 2013)
Valuation	$8.0 million
Value ($/sqm)	$230
Last external valuation date	30 June 2013
Valuer	Jones Lang LaSalle

450 Sherbrooke Road, Willawong QLD

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Artist’s Impression
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The property is situated in the established Brisbane southern suburb of Willawong, approximately 17 kilometres by road from the Brisbane Central Business District and 3km 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 5 years.

Summary

Summary
Ownership	100%
Site size (sqm)	61,425
Total proposed GLA (sqm)	33,000
Valuation (30 June 2013)
Valuation	$12.3 million
Value ($/sqm)	$200
Last external valuation date	30 June 2013
Valuer	m3 Property

94 / Industrial / Core Plus Industrial Fund

230-238 Gilmore Road, 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.

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

Summary
Ownership	100%
Site size (sqm)	78,295
Total proposed GLA (sqm)	40,000
Valuation (30 June 2013)
Valuation	$18.5 million
Last external valuation date	30 June 2013
Valuer	m3 Property

Coles Distribution Centre 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 25 hectare 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.

Summary

Summary
Year built (or refurbished)	2008
Ownership	50%
Total GLA (sqm)	81,647
Valuation (30 June 2013)
Valuation	$91.8 million
Value ($/sqm)	$2,247
Last external valuation date	30 June 2013
Valuer	Jones Lang LaSalle
Tenancy statistics
WALE (by income)	14.9 years
Occupancy	100%
Major tenants	GLA (sqm)
Coles Group Ltd	81,647

Charter Hall Property Portfolio / 30 June 2013 / 95

123-135 Kewdale Road, Kewdale WA

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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 4.5 hectare 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.

Summary

Summary
Year built (or refurbished)	2007
Ownership	100%
Total GLA (sqm)	29,018
Car spaces	n/a
Valuation (30 June 2013)
Valuation	$35.0 million
Value ($/sqm)	$1,206
Last external valuation date	30 June 2013
Valuer	Colliers
Tenancy statistics
WALE (by income)	4.4 years
Occupancy	100%
Major tenant	GLA (sqm)
Chevron	14,362
Myer	12,585
Woolworths	2,071

218 Bannister Road, Canning Vale WA

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The property incorporates a modern logistics facility that has a gross lettable area of 98,295sqm with canopies, loading docks and ancillary areas of a further 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 2 years and are in new or near new condition. The improvements comprise a number of separate buildings providing future flexibility.

Summary

Summary
Year built (or refurbished)	2011
Ownership	50%
Total GLA (sqm)	98,265
Car spaces	950
Valuation (30 June 2013)
Valuation	$67.8 million
Value ($/sqm)	$1,373
Last external valuation date	30 June 2013
Valuer	Savills
Tenancy statistics
WALE (by income)	10.5 years
Occupancy	100%
Major tenants	GLA (sqm)
Metcash Limited	98,265

96 / Industrial / Core Plus Industrial Fund

Woolworths 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 19.8 hectare site which adjoins the northern end of Launceston Airport and is approximately 15 kilometres 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
Car spaces	394
Valuation (30 June 2013)
Valuation	$38.5 million
Value ($/sqm)	$1,709
Last external valuation date	30 June 2013
Valuer	Jones Lang LaSalle
Tenancy statistics
WALE (by income)	23.7 years
Occupancy	100%
Major tenants	GLA (sqm)
Woolworths Ltd	45,041

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Charter Hall Property Portfolio / 30 June 2013 / 97

309 Fitzgerald Road, Derrimut Vic

98 / Industrial / Charter Hall Direct Industrial Fund

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Toll Fleet & Auto Logistics Centre Altona North Vic
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Charter Hall Property Portfolio / 30 June 2013 / 99

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 selection 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

					Coles Grace Worldwide Toll Holdings Woolworths Electrolux
			19%
		15%
		15%
12%
Weighted Average Lease Expiry (years) By gross income

				19.7	Coates Hire Distribution Centre
			14.9	Coles Distribution Centre
		13.0		Australia Post Distribution Centre
		12.4		Toll Fleet & Auto Logistics Centre
		11.5		Electrolux Distribution Centre
	10.1			Grace Worldwide Logistics Facility
7.5				Woolworths Distribution Centre
		12.2		WALE

100 / Industrial / Charter Hall Direct Industrial Fund

Fund Statistics

Asset diversification By current value

Australia Post Distribution Centre Kingsgrove, NSW	8%
Toll Fleet & Auto Logistics Centre Altona, Vic	13%
Woolworths Distribution Centre Hoppers Crossing, Vic	19%
Coates Hire Distribution Centre Kingston, Vic	10%
Grace Worldwide Logistics Facility Willawong, Qld	15%
Electrolux Distribution Centre Beverley, SA	13%
Coles Distribution Centre1Perth Airport, WA	22%

Geographical diversification By current value

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8% 32%
13%
22%1 25%
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	Victoria	32%
	Queensland	25%
	Western Australia	22%1
	South Australia	13%
	New South Wales	8%

Note 1. Fund’s 25% interest

Charter Hall Property Portfolio / 30 June 2013 / 101

Property Portfolio

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

June 2013 Capitalisation Rate 7.99% June 2013 Discount Rate 9.75%”

	DIF	Jun 2013	WALE (years)	Weighted Avg
	Ownership %	valuation A$M		rent reviews (%)
Australia Post Distribution Centre Kingsgrove, NSW	100%	16.8	13.0	3.00%
Toll Fleet & Auto Logistics Centre Altona, Vic	100%	26.8	12.4	3.50%
Woolworths Distribution Centre Hoppers Crossing, Vic	100%	41.3	7.5	3.00%
Coates Hire Distribution Centre Kingston, Vic	100%	21.0	19.7	4.00%
Grace Worldwide Logistics Facility Willawong, Qld	100%	31.9	10.1	3.50%
Electrolux Distribution Centre Beverley, SA	100%	27.1	11.5	3.50%
Coles Distribution Centre Perth Airport, WA	25%	45.91	14.9	2.75%
Total/Weighted average		210.8	12.2	3.25%

Note 1. Fund’s 25% interest

102 / Industrial / Charter Hall Direct Industrial Fund

Australia Post Distribution Centre Kingsgrove NSW

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The Australia Post Distribution Centre comprises an office and warehouse facility of 6,729sqm that is situated on a site of 13,803sqm. Practical completion was reached in June 2011. The property is located within the Kingsgrove industrial precinct, some 20 kilometres south-west of the Sydney CBD and features convenient access to the M5 Motorway, Sydney Airport and Port Botany.

Summary

Summary
Year built (or refurbished)		2011
Ownership		100%
Total GLA (sqm)		6,729
Valuation (30 June 2013)
Valuation		$16.8 million
Value ($/sqm)		$2,497
Last external valuation date		31 December 2012
Valuer		Savills
Tenancy statistics
WALE (by income)		13.0 years
Occupancy		100%
Major tenants		GLA (sqm)
Australia Post		6,729

Toll Fleet & Auto Logistics Centre Altona North Vic

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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, 14 kilometres west of Melbourne’s CBD with direct access to the West Gate Freeway, the Port of Melbourne and Melbourne Airport. The sole tenant is a subsidiary of Toll Holdings, an ASX listed company with a market capitalisation of $4.1 billion.

	Summary
	Year built (or refurbished)		2010
	Ownership		100%
	Total GLA (sqm)		6,310
	Valuation (30 June 2013)
	Valuation		$26.8 million
	Value ($/sqm)		$4,2391
	Last external valuation date		30 June 2013
	Valuer		Jones Lang LaSalle
	Tenancy statistics
	WALE (by income)		12.4 years
	Occupancy		100%
	Major tenants		GLA (sqm)
	Toll Holdings		6,310

Note:

Reflects low site cover ratio of 13%. Site sales rate is $540/sqm

Charter Hall Property Portfolio / 30 June 2013 / 103

Woolworths Distribution Centre Hoppers Crossing Vic

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The Woolworths Distribution Centre is a modern logistics facility situated on a site of 14.5 ha in the established industrial locality of Hoppers Crossing, approximately 20kms 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 largest retail company in Australia and New Zealand by market capitalisation and sales.

Summary

Summary
Year built (or refurbished)		1989 (2010)
Ownership		100%
Total GLA (sqm)		52,364
Valuation (30 June 2013)
Valuation		$41.3 million
Value ($/sqm)		$789
Last external valuation date		30 June 2013
Valuer		Savills
Tenancy statistics
WALE (by income)		7.5 years
Occupancy		100%
Major tenants		GLA (sqm)
Woolworths Ltd		52,364

Coates Hire Distribution Centre 29-47 Mudgee Street Kingston, Qld

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

The property is situated on a site with a usable area of 5.4 ha 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
Year built (or refurbished)		2012
Ownership		100%
Total GLA (sqm)		54,1261
Valuation (30 June 2013)
Valuation		$21.0 million
Value ($/sqm)		$3871
Last external valuation date		1 September 2012
Valuer		Savills
Tenancy statistics
WALE (by income)		19.7 years
Occupancy		100%
Major tenants		GLA (sqm)
Coates Hire		54,126

Note: 1. Net usable land area

104 / Industrial / Charter Hall Direct Industrial Fund

Grace Worldwide Logistics Facility Willawong, Qld

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The Grace Worldwide Logistics Facility is located at Willawong, 17 kilometres 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.

Summary
Year built (or refurbished)		2011
Ownership		100%
Total GLA (sqm)		22,108
Valuation (30 June 2013)
Valuation		$31.9 million
Value ($/sqm)		$1,445
Last external valuation date		31 December 2012
Valuer		m3 Property
Tenancy statistics
WALE (by income)		10.1 years
Occupancy		100%
Major tenants		GLA (sqm)
Grace Worldwide		21,880

Electrolux Distribution Centre Beverley, SA

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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 6 kilometres 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
Year built (or refurbished)		2013
Ownership		100%
Total GLA (sqm)		25,562
Valuation (30 June 2013)
Valuation		$27.2 million
Value ($/sqm)		$1,062
Last external valuation date		19 October 2012
Valuer		Knight Frank
Tenancy statistics
WALE (by income)		11.5 years
Occupancy		100%
Major tenants		GLA (sqm)
Electrolux Home Products Pty	Ltd 25,562

Coles Distribution Centre Perth Airport, WA

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Summary

Summary
Year built (or refurbished)		2008
Ownership		25%
Total GLA (sqm)		81,647
Valuation (30 June 2013)
Valuation (25%)		$45.9 million
Value ($/sqm)		$2,247
Last external valuation date		30 June 2013
Valuer		Jones Lang LaSalle
Tenancy statistics
WALE (by income)		14.9 years
Occupancy		100%
Major tenants		GLA (sqm)
Coles Group Ltd		81,647

Grace Worldwide Logistics Facility, Willawong Qld

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

Coles Distribution Centre, Perth Airport WA

Charter Hall Property Portfolio / 30 June 2013 / 107

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 progressively investing in a diversified portfolio of prime Australian industrial property assets.

Top 2 tenants

By gross income

	85%	Coles Distribution Centre
15%		Australia Post Distribution Centre

15%

Annual lease expiry

By net lettable area

0%	Vacant
0%	FY14
0%	FY15
0%	FY16
0%	FY17
0%	FY18
0%	FY19
0%	FY20
0%	FY21
100%	FY22+

Geographical diversification

By current value

17%	83%
		Western Australia 83%
		Victoria 17%

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

Fund Statistics

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

June 2013 Capitalisation Rate 7.92% June 2013 Discount Rate 9.50%”

	DIF2	Jun 2013	WALE (years)	Weighted Avg
	Ownership %	valuation A$M		rent reviews (%)
Australia Post Distribution Centre 136 Horrie Miller Drive, Perth WA	100%	9.4	14.9	3.25%
Coles Distribution Centre Perth Airport WA	25%	45.91	14.9	2.75%
Total/Weighted average		55.3	14.9	2.82%

Note: 1. Funds 25% ownership interest

Charter Hall Property Portfolio / 30 June 2013 / 109

Australia Post Distribution Centre 15-21 Enterprise Drive, Rowville Vic

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

Summary
Year built (or refurbished)		2013
Ownership		100%
Total GLA (sqm)		6,468
Valuation (30 June 2013)
Valuation		$9.4 million
Value ($/sqm)		$1,421
Last external valuation date		30 November 2012
Valuer		Savills
Tenancy statistics
WALE (by income)		14.9 years
Occupancy		100%
Major tenants		GLA (sqm)
Australia Post		6,468

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 2013)
Valuation (25%)		$45.9 million
Value ($/sqm)		$2,247
Last external valuation date		30 June 2013
Valuer		Jones Lang LaSalle
Tenancy statistics
WALE (by income)		14.9 years
Occupancy		100%
Major tenants		GLA (sqm)
Coles Group Ltd		81,647

110 / Industrial / Core Logistics Partnership

Core Logistics Partnership (CLP)

CLP was established in December 2012 with the investment strategy of acquiring a portfolio of institutional quality industrial logistics property assets in Australia and New Zealand. The Wholesale Partnership’s mandate is to secure modern properties with minimal capex requirements and a minimum portfolio WALE of 8 years.

Tenants

By gross income

		47%	Metcash
	25%		Woolworths
15%			Amcor

Annual lease expiry By net lettable area

0%	Vacant
0%	FY14
0%	FY15
0%	FY16
0%	FY17
0%	FY18
0%	FY19
0%	FY20
100%	FY21+

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Charter Hall Property Portfolio / 30 June 2013 / 111
Core Logistics Partnership (CLP)
Woolworths RDC, Launceston Tas
Summary
Number of properties 6
Number of tenancies 4
Total GLA (sqm) [1] 172,040
Valuation (30 June 2013)
Valuation $232.1 million
Value ($/sqm) $1,244
Capitalisation rate 8.10%
Discount rate 10.32%
Tenancy statistics
WALE (by income) 12.2 years
Occupancy 100%
Major tenants GLA(sqm)
Metcash 52,678
Amcor 36,213
Woolworths 22,521
Property Ownership (%) Classification
Amcor, Scoresby Vic 100% Industrial
Fastline, Truganina Vic 100% Industrial
Blackwoods, Mackay Qld 100% Industrial
Darra, Qld (Landbank) 100% Industrial
Metcash RDC, Canning Vale WA 50% Industrial
Woolworths RDC, Launceston Tas 50% Industrial
Note:
1. Excludes Darra (Landbank)
----- End of picture text -----

Summary
Number of properties		6
Number of tenancies		4
Total GLA (sqm)1		172,040
Valuation (30 June 2013)
Valuation		$232.1 million
Value ($/sqm)		$1,244
Capitalisation rate		8.10%
Discount rate		10.32%
Tenancy statistics
WALE (by income)		12.2 years
Occupancy		100%
Major tenants		GLA(sqm)
Metcash		52,678
Amcor		36,213
Woolworths		22,521
Property Ownership (%)		Classifcation
Amcor, Scoresby Vic	100%	Industrial
Fastline, Truganina Vic	100%	Industrial
Blackwoods, Mackay Qld	100%	Industrial
Darra, Qld (Landbank)	100%	Industrial
Metcash RDC, Canning Vale WA	50%	Industrial
Woolworths RDC, Launceston Tas	50%	Industrial

Lacrosse Apartments, 675 LaTrobe Street, Docklands

Charter Hall Property Portfolio / 30 June 2013 / 113

Civic Tower 66-68 Goulburn Street, Sydney NSW

Charter Hall Property Portfolio / 30 June 2013 / 115

PFA Diversified Property Trust

PFA Diversified Property Trust (PFA), is an unlisted property fund diversified across geographic location, property sector, tenant profile and lease expiry within Australia. The Trust was established in 2001 and currently invests in an office, industrial and retail property portfolio.

Top 5 tenants

By gross income

						45%	Australia Government (federal & state agencies)	Australia Government (federal & state agencies)
		7%					PBL
		6%					Foxtel Management
		6%					AP Facilities
2% Annual lease expiry By gross income						Woolworths and Woolworths liquor

			7%					Vacant
				8%				FY14
				10%				FY15
			6%					FY16
						32%		FY17
					28%			FY18
	4%							FY19
	1%							FY20
	4%							FY21+

Geographical diversification

By current value

6% 9% 9% 14%	41% 21%
		New South Wales 41%
		Victoria 21%
		Western Australia 14%
		Tasmania 9%
		ACT 9%
		Queensland 6%

116 / Diversified / PFA Diversified Property Trust

Property Portfolio

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

June 2013 Capitalisation Rate 9.21% June 2013 Discount Rate 9.81%”

	PFA	Jun 2013	WALE (years)	Weighted Avg
	Ownership %	valuation A$M		rent reviews (%)
657 Pacifc Highway, St Leonards, NSW	100%	15.8	2.9	3.98%
706 Mowbray Road, Lane Cove, NSW	100%	23.0	4.3	3.39%
Civic Tower, 66-68 Goulburn Street Sydney, NSW	50%	63.01	2.8	3.98%
Riverdale Centre 49-65 Macquarie Street, Dubbo NSW	100%	12.0	5.4	3.92%
The Octagon Parramatta, NSW	50%	37.51	4.6	3.53%
390 St Kilda Road, Melbourne, Vic	100%	50.3	3.5	3.87%
Foxtel Building, 1-21 Dean Street Moonee Ponds, Vic	100%	26.0	3.8	3.00%
Anzac Square, 200 Adelaide Street Brisbane, Qld	100%	23.0	2.0	4.49%
Sevenoaks, 303 Sevenoaks Street Cannington, WA	100%	53.0	4.3	4.00%
Homeworld Centre, 150-180 Soward Way, Tuggeranong ACT	100%	32.3	4.8	4.04%
Lands Building, 134 Macquarie Street, Hobart Tas	100%	34.0	4.8	n/a
Total/Weighted average		369.9	3.9	3.49%

Note: 1. Trusts 50% ownership share

Charter Hall Property Portfolio / 30 June 2013 / 117

657 Pacific Highway, St Leonards NSW

==> picture [118 x 180] intentionally omitted <==

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

Summary

Summary
Year built (or refurbished)	1970
Grade	B
Ownership	100%
Total NLA (sqm)	3,666
Typical foor plate (sqm)	454
Car spaces	47
Valuation (30 June 2013)
Valuation	$15.8 million
Value ($/sqm)	$4,296
Last external valuation date	31 December 2012
Valuer	Knight Frank
Tenancy statistics
WALE (by income)	2.9 years
Occupancy	98%
Major tenants	NLA (sqm)
SKM	1,144
St Leonards Health Club	849

706 Mowbray Road, Lane Cove NSW

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

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

Summary
Year built (or refurbished)		1987
Grade		n/a
Ownership		100%
Total NLA (sqm)		17,259
Typical foor plate (sqm)		750
Car spaces		324
Valuation (30 June 2013)
Valuation		$23.0 million
Value ($/sqm)		$1,333
Last external valuation date		31 December 2012
Valuer		CBRE
Tenancy statistics
WALE (by income)		4.3 years
Occupancy		90%
Major tenants		NLA (sqm)
AP Facilities		11,587
Vintage & Vine		1,541

118 / Diversified / PFA Diversified Property Trust

Civic Tower 66-68 Goulburn Street, Sydney NSW

==> picture [117 x 180] intentionally omitted <==

Civic Tower is a 24-floor building comprising a ground floor foyer and separate retail area. Located on a prominent corner in the Sydney mid-town with frontage on to both Castlereagh and Goulburn Streets its major tenants include Publishing and Broadcasting Limited (PBL) and the Commonwealth Department of Public Prosecutions.

Summary

Summary
Year built (or refurbished)		2004
Grade		A
Ownership		50%
Total NLA (sqm)		23,176
Typical foor plate (sqm)		975
Car spaces		54
Valuation (30 June 2013)
Valuation (50%)		$63.0 million
Value ($/sqm)		$5,437
Last external valuation date		15 February 2013
Valuer		Knight Frank
Tenancy statistics
WALE (by income)		2.8 years
Occupancy		98%
Major tenants		NLA (sqm)
PBL		10,432

Riverdale Centre

49-65 Macquarie Street, Dubbo NSW

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

The Riverdale Centre is a quality community shopping and entertainment complex located in the heart of the strategically located inland NSW city of Dubbo. The Centre includes a Woolworths supermarket, specialty shops, and the only cinema complex in Dubbo.

Summary

Summary
Year built (or refurbished)		1999
Grade		Neighbourhood
Ownership		100%
Total NLA (sqm)		6,157
Typical foor plate (sqm)		n/a
Car spaces		299
Valuation (30 June 2013)
Valuation		$12.0 million
Value ($/sqm)		$1,949
Last external valuation date		30 June 2013
Valuer		Jones Lang LaSalle
Tenancy statistics
WALE (by income)		5.4 years
Occupancy		99%
Major tenants		NLA (sqm)
Woolworths1		2,902
Reading Entertainment		2.058

Note: 1. Includes Woolworths liquor

Charter Hall Property Portfolio / 30 June 2013 / 119

The Octagon Parramatta NSW

390 St Kilda Road, Melbourne Vic

==> picture [118 x 180] intentionally omitted <==

This modern, seven-storey commercial building comprises ground floor lobby, retail and quality office space spread across eight octagonal pods. Located within the heart of the established Parramatta CBD financial district, The Octagon has dual street frontage onto Phillip and George Streets.

==> picture [117 x 180] intentionally omitted <==

The property is a refurbished older style office building comprising 23 levels of office accommodation and five levels of basement parking for 219 vehicles. It’s rectangular floor plates achieve good levels of natural light and views from the north-east and south-west elevations.

Summary

Year built (or refurbished) 1990 Grade A Ownership 50% Total NLA (sqm) 20,773 Typical foor plate (sqm) 330-550 Car spaces 333 Valuation (30 June 2013) Valuation $37.5 million Value ($/sqm) $3,611 Last external valuation date 31 December 2012 Valuer Jones Lang LaSalle Tenancy statistics WALE (by income) 4.6 years Occupancy 95.2% Major tenants NLA (sqm) State Property Authority 17,213	Year built (or refurbished) 1975
	Grade B
	Ownership 100%
	Total NLA (sqm) 16,287
	Typical foor plate (sqm) 750
	Car spaces 219
	Valuation (30 June 2013)
	Valuation $50.3 million
	Value ($/sqm) $3,088
	Last external valuation date 31 December 2012
	Valuer Jones Lang LaSalle
	Tenancy statistics
	WALE (by income) 3.5 years
	Occupancy 89%
	Major tenants NLA (sqm)
	Toll Transport 1,920

120 / Diversified / PFA Diversified Property Trust

Foxtel Building 1-21 Dean Street, Moonee Ponds Vic

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

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

Summary

Summary
Year built (or refurbished)		2004
Grade		B
Ownership		100%
Total NLA (sqm)		7,136
Typical foor plate (sqm)		1,730
Car spaces		250
Valuation (30 June 2013)
Valuation (50%)		$26.0 million
Value ($/sqm)		$3,643
Last external valuation date		31 December 2012
Valuer		CBRE
Tenancy statistics
WALE (by income)		3.8 years
Occupancy		100%
Major tenants		NLA (sqm)
Foxtel		7,104

Anzac Square 200 Adelaide Street, Brisbane Qld

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

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.

Summary

Summary
Year built (or refurbished)		1999
Grade		B
Ownership		100%
Total NLA (sqm)		6,180
Typical foor plate (sqm)		1,010
Car spaces		28
Valuation (30 June 2013)
Valuation		$23.0 million
Value ($/sqm)		$3,722
Last external valuation date		30 June 2013
Valuer		Colliers
Tenancy statistics
WALE (by income)		2.0 years
Occupancy		70%
Major tenants		NLA (sqm)
State of Queensland (Health)		3,538

Charter Hall Property Portfolio / 30 June 2013 / 121

Sevenoaks

303 Sevenoaks Street, Cannington WA

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

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.

Summary
Year built (or refurbished)	1992
Grade	B
Ownership	100%
Total NLA (sqm)	20,817
Typical foor plate (sqm)	5,500
Car spaces	100
Valuation (30 June 2013)
Valuation	$53.0 million
Value ($/sqm)	$2,546
Last external valuation date	31 December 2012
Valuer	CBRE
Tenancy statistics
WALE (by income)	4.3 years
Occupancy	100%
Major tenants	NLA (sqm)
Western Australian Government	20,817

Homeworld Centre

150-180 Soward Way, Tuggeranong ACT

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

Homeworld Centre is a mixed-use property comprising a unique mix of convenience-style retail with a first floor office use. Located at Tuggeranong, approximately 22 kilometres south-west of the centre of Canberra, Homeworld is anchored by Aldi and Dan Murphy’s.

Summary
Year built (or refurbished)		1987
Grade		Sub-Regional
Ownership		100%
Total NLA (sqm)		12,200
Typical foor plate (sqm)		n/a
Car spaces		333
Valuation (30 June 2013)
Valuation		$32.3 million
Value ($/sqm)		$2,648
Last external valuation date		31 December 2012
Valuer		Savills
Tenancy statistics
WALE (by income)		4.8 years
Occupancy		89%
Major tenants		NLA (sqm)
Commonwealth of Australia		3,739
Aldi Foods		1,362

122 / Diversified / PFA Diversified Property Trust

Lands Building

134 Macquarie Street, Hobart Tas

==> picture [117 x 180] intentionally omitted <==

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

Summary
Year built (or refurbished)		1975
Grade		A
Ownership		100%
Total NLA (sqm)		11,675
Typical foor plate (sqm)		1,182
Car spaces		17
Valuation (30 June 2013)
Valuation (50%)		$34.0 million
Value ($/sqm)		$2,913
Last external valuation date		31 December 2012
Valuer		Jones Lang LaSalle
Tenancy statistics
WALE (by income)		4.8 years
Occupancy		100%
Major tenants		NLA (sqm)
State Government of Tasmania		11,675

==> picture [307 x 842] intentionally omitted <==

Charter Hall Property Portfolio / 30 June 2013 / 123

706 Mowbray Road, Lane Cove NSW

124 / Diversified / Charter Hall Opportunity Fund No.4

275 George Street, Brisbane Qld

Charter Hall Property Portfolio / 30 June 2013 / 125

Charter Hall Opportunity Fund No.4

Charter Hall’s Opportunity Fund No.4 (CHOF4) was launched in 2005. The majority of CHOF4’s assets have been realised, with one asset remaining in the portfolio.

Home HQ North Shore Artarmon NSW

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

Summary

Summary
Status		Completed and leased
Year built (or refurbished)		2010
Ownership		100%
Total GLA (sqm)		22,186
Car spaces		503
Major tenants		NLA (sqm)
Freedom		3,171
The Good Guys		3,076
JB HiFi		1,289

Located in Artarmon, the award-winning Home HQ North Shore, is the first integrated household retail centre to achieve a 4 star Green Star rating for a household retail development in Australia.

Comprising approximately 22,186sqm of retail space with customer parking for 503 cars, the centre offers a one-stop shopping destination for all home, entertainment, technology and lifestyle needs.

Realised Projects

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

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

Alluvion, Perth WA Northbank Plaza, Brisbane Qld
----- End of picture text -----

Summary

275 George Street, Brisbane Qld Northbank Plaza, 69 Ann Street, Brisbane Qld 420 George Street, Brisbane Qld Gepps Cross Centre, Adelaide SA Gepps Cross Trade Centre, Adelaide SA Alluvion, 58 Mounts Bay Road, Perth WA

WorkZone 202 Pier Street, Perth WA

Charter Hall Property Portfolio / 30 June 2013 / 127

Charter Hall Opportunity Fund No.5

Charter Hall’s Opportunity Fund No.5 (CHOF5) was launched in early 2007. The Fund’s mandate is to identify, acquire and deliver property development and value-add opportunities across various sectors, including commercial, industrial, household retail and infill residential sectors located primarily in capital cities and metropolitan markets across Australia and New Zealand.

Little Bay Cove 1408 Anzac Parade, Little Bay NSW

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

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

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

Summary
Status	Estate creation works underway
Ownership	50%
Development Alliance	TA Global Berhad
No. of potential dwellings	>500

One of Sydney’s last remaining coastal communities, Little Bay Cove is located on the southern-end of the prime eastern suburbs coastline, just 14 kilometres from the Sydney CBD. Situated on 13.6 hectares, this master planned community will feature approximately 570 dwellings, comprising architecturally designed apartments, courtyard homes plus vacant land lots, most with coastal views. The community is within walking distance to Little Bay Beach, a local retail village and prestigious golf courses.

128 / Diversified / Charter Hall Opportunity Fund No.5

Aquilo

34-94 Oak Avenue, Mentone Vic

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

Aquilo is a master planned community located in the soughtafter bayside suburb of Mentone, approximately 20km southeast of Melbourne’s CBD. The community comprises 119 two storey architecturally designed townhouses designed to achieve a 5 star Energy Efficient rating.

The 3.33 hectare site is currently being developed and offers excellent proximity to Mentone Beach, parklands, public transport, shopping facilities, quality schools and local cafes.

Summary

Summary
Status	Under construction and >96% pre-sold
Ownership	100%
No. of dwellings	119

Lacrosse Apartments - Stage 1 675 LaTrobe Street Docklands, Melbourne Vic

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

Lacrosse is situated in the heart of Docklands on La Trobe Street, just 200m from the Victoria Harbour waterfront. The building comprises 312 apartments over 21 levels with 151 car parking spaces and 1,350sqm of retail and commercial space fronting La Trobe Street and the Etihad Stadium concourse. Lacrosse is the first multi-unit high rise apartment development in Victoria to have the National Broadband Network (NBN) delivered and installed and offers a modern urban lifestyle with all the luxuries of harbourside living on the fringe of the CBD with easy pedestrian access to Southern Cross Station.

Summary

Summary
Status	Completed and apartments 98% sold
Ownership	100%
No. of dwellings	312

Charter Hall Property Portfolio / 30 June 2013 / 129

WORKZONE 202 Pier Street, Perth WA

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

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

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

WorkZone is one of Perth’s most innovative and sustainable office developments located in the rapidly developing CBD fringe.

This campus style workplace comprises a total NLA of 27,910sqm across two A-grade buildings with large, open and flexible floor plates of approximately 2,000sqm

WorkZone has been designed to achieve a 5 star Green Star – Office As Built V3 rating and a 5 star NABERS Energy rating and completion is due in September 2013.

Summary

Summary
Status	Construction complete with 76% pre-lease to Leighton Contractors
Ownership	100%
Total NLA (sqm)	27,910
Typical foor plate (sqm)	Building A: 2,440 Building B: 1,950
Car spaces	224

The Park Megacentre

700 Caroline Road, Hastings NZ

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

The Park Megacentre enjoys a prime location on the CBD fringe in Hastings, New Zealand. On completion it will comprise 25,000sqm of large format retail space with parking for 750 cars and is the premier integrated household centre within the region of Hawkes Bay. Retailers Warehouse Group, Mitre 10 Mega and Fishing Camping Outdoors are complete and open for trade.

Summary

Summary
Status	Completed with progressive staged sale and settlements underway
Ownership	100%
Total NLA (sqm)	25,500
Car spaces	750

130 / Diversified / Charter Hall Diversified Property Fund

53 Berry Street, North Sydney NSW

Charter Hall Property Portfolio / 30 June 2013 / 131

Charter Hall Diversified Property Fund

Charter Hall Diversified Property Fund (DPF), launched in November 2005, as an unlisted retail investor fund investing in quality assets across office, retail and industrial sectors throughout Australia.

Top 4 tenants

By gross income

		Central Queensland University
	10%	Schenker Australia
5%		Visual Design Concepts
5%		Jets Transport Express

Annual lease expiry

By Net Lettable Area

0%					Vacant
9%					FY14
	14%				FY15
		21%			FY16
0%					FY17
7%					FY18
0%					FY19
0%					FY20
				49%	FY21+
Geographical diversifcation By current value
12%			88%
				New South Wales	88%
				Victoria	12%

132 / Diversified / Charter Hall Diversified Property Fund

Property Portfolio

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

June 2013 Capitalisation Rate 8.35% June 2013 Discount Rate 9.42%”

	DPF	Jun 2013	WALE (years)	Weighted Avg
	Ownership %	valuation A$M		rent reviews (%)
400 Kent Street, Sydney NSW	75%	42.91	8.2	3.79%
53 Berry Street, North Sydney NSW	100%	18.8	2.6	3.58%
95 South Centre Road and 1 and 15 Jets Court, Tullamarine Vic	100%	8.2	2.2	2.79%
Total/Weighted average		69.9	5.5	3.55%

Note: 1. Trusts 75% ownership share

Charter Hall Property Portfolio / 30 June 2013 / 133

400 Kent Street[1] , Sydney NSW

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

Situated in the western corridor of the CBD, 400 Kent Street comprises an 11 level office building and retains the façade of a former heritage building.

Summary

Summary
Year built (or refurbished)	1992 (refurbished in 2005)
Grade	B
Ownership	75%
Total NLA (sqm)	10,461
Typical foor plate (sqm)	866
Car spaces	10
Valuation (30 June 2013)
Valuation	$42.9 million
Value ($/sqm)	$5,477
Last external valuation date	30 June 2013
Valuer	Savills
Tenancy statistics
WALE (by income)	8.2 years
Occupancy	100%
Major tenants	NLA (sqm)
Central Queensland University	9,541

53 Berry Street[1] , North Sydney NSW

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

53 Berry Street, is a modern seven level office building situated on the high profile south western corner of Berry and Miller Streets in the North Sydney CBD. The property has prominent retail exposure.

Summary

Summary
Year built (or refurbished)			1988
Grade			B
Ownership			100%
Total NLA (sqm)			3,536
Typical foor plate (sqm)			550
Car spaces			30
Valuation (30 June 2013)
Valuation			$18.8 million
Value ($/sqm)			$5,304
Last external valuation date			30 June 2013
Valuer			CBRE
Tenancy statistics
WALE (by income)			2.6 years
Occupancy			100%
Major tenants			NLA (sqm)
National Credit Insurance Providers			550
UGL			549

Note: Sold post 30 June 2013

134 / Diversified / Charter Hall Diversified Property Fund

95 South Centre Road and 1 and 15 Jets Court, Tullamarine Vic

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

South Centre Road and Jets Court combines a portfolio of three industrial leasehold investments located in the new Melbourne Airport Business Park, adjacent to the Melbourne Airport.

Summary

Summary
Year built (or refurbished)		2003/2004
Grade		Industrial
Ownership		100%
Total NLA (sqm)		10,462
Typical foor plate (sqm)		n/a
Car spaces		134
Valuation (30 June 2013)
Valuation		$8.2 million
Value ($/sqm)		$785
Last external valuation date		31 December 2012
Valuer		m3 Property
Tenancy statistics
WALE (by income)		2.2 years
Occupancy		100%
Major tenants		NLA (sqm)
Schenker		5,042
Gibsons Freight		3,004
Jets Transport		2,416

==> picture [307 x 842] intentionally omitted <==

400 Kent Street Sydney NSW

==> picture [123 x 9] intentionally omitted <==

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

400 Kent Street, Sydney NSW
----- End of picture text -----

136 / Index

Index

Offce
Charter Hall Offce Trust (CHOT)
New South Wales
CitiCentre, 2 Park Street, Sydney		15
No.1 Martin Place, Sydney		15
Allianz Centre, 2 Market Street, Sydney		16
59 Goulburn Street, Sydney The Denison, 65 Berry Street, North Sydney		16 17
Charter Grove, 29-57 Christie Street, St Leonards		17
Avaya House, 123 Epping Road, Macquarie Park Wentworth Place, 9 Wentworth Street, Parramatta		18 18
ATO, 266 King Street, Newcastle		19
Victoria Argus Centre, 300 LaTrobe Street, Melbourne 150 Lonsdale Street, Melbourne 171 Collins Street, Melbourne		19 20 20
5 Queens Road, Melbourne		21
ATO, 6-20 Gladstone Street, Moonee Ponds		21
Queensland 175 Eagle Street, Brisbane		22
Capital Hill, 83-85 George Street, Brisbane		22
Western Australia
Eastpoint Plaza, 233-237 Adelaide Terrace, Perth		23
ACT
Australia Place, 14 Mort Street, Canberra		23
Core Plus Offce Fund (CPOF)
New South Wales
331 and 333 George Street, Sydney		30
9 Castlereagh Street, Sydney		30
167 Macquarie Street, Sydney		31
St George Bank, 4-16 Montgomery Street, Kogarah		31
Victoria
11-33 Exhibition Street, Melbourne		32
570 Bourke Street, Melbourne		32
Queensland
Brisbane Square, Brisbane		33
275 George Street, Brisbane		33
Northbank Plaza, 69 Ann Street, Brisbane		34
100 Skyring Terrace, Brisbane		34
South Australia
51 Pirie Street, Adelaide		35
Bank SA, 97 William Street, Adelaide		35
BHP House, 225 St Georges Terrace, Perth		36
Bankwest Place and Raine Square, Perth		36
109 St Georges Terrace, Perth		37

Offce
Offce mandates
Queensland
Brisbane Square, Brisbane		38
275 George Street, Brisbane		38
100 Skyring Terrace, Brisbane		39
Western Australia
Bankwest Place and Raine Square, Perth		39
Charter Hall Direct Property Fund (CHDPF)
New South Wales
68 Pitt Street, Sydney		46
165 Walker Street, North Sydney		46
504 Pacifc Highway, St Leonards		47
2 Wentworth Street, Parramatta		47
Victoria
71 Queens Road, Melbourne		48
200 Queen Street, Melbourne		48
1 Nicholson Street, Melbourne		49
Queensland
300 Adelaide Street, Brisbane		49
Western Australia
181 St Georges Terrace, Perth		50
130 Stirling Street Trust (CHIF7)
130 Stirling Street, Perth WA		53
144 Stirling Street Trust (CHIF8)
Hatch Building 144 Stirling Street, Perth WA		55
685 LaTrobe
Victoria
685 La Trobe Street, Melbourne Vic		57
No.1 Martin Place Trust (1MPT)
New South Wales
No.1 Martin Place, Sydney		59

Charter Hall Property Portfolio / 30 June 2013 / 137

Retail

Charter Hall Retail REIT (CQR)
New South Wales
Bathurst Chase, Bathurst
Cooma Woolworths, Cooma
Cootamundra Woolworths, Cootamundra
Dubbo Square, Dubbo
Earlwood Coles, Earlwood
Pemulwuy Marketplace, Greystanes
Mackenzie Mall, Glen Innes
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, Mt Hutton
Mount Hutton Plaza, Mt Hutton
Mudgee Metroplaza, Mudgee
Sunnyside Mall, Murwillumbah
Narrabri Coles, Narrabri
Kierath’s Shopping Square, Narromine
Orange Central, Orange
Parkes Metroplaza, Parkes
Rosehill Woolworths, Parramatta
Rutherford Marketplace, Rutherford
Gowrie Street Mall, Singleton
Tamworth Marketplace, Tawworth
Thornleigh Marketplace, Thornleigh
Tumut Coles, Tumut
Wellington Coles, Wellington
West Ryde Marketplace, West Ryde
Windsor Marketplace, Windsor
Young Woolworths, Young
65
65
65
65
65
65
65
65
65
65
65
65
65
65
65
65
65
65
65
65
65
65
65
65
65
65
65
65
65
65
65
65
65
Victoria
Coles, Bairnsdale
Lansell Square, Kangaroo Flat (Bendigo)
Pakington Strand, Geelong West
Safeway, Kerang
Kyneton Shopping Centre, Kyneton
Olive Tree Shopping Centre, Lilydale
Coles, Moe
Kmart, Moe
66
66
66
66
66
66
66
66
Queensland
Albany Creek Shopping Centre, Albany Creeky
Tablelands Village, Atherton
Bribie Island Shopping Centre, Bongaree
Caboolture Park Shopping Centre, Caboolture
Currimundi Markets, Currimundi
Gatton Plaza, Gatton
Gladstone Shopping Centre, Gladstone
Bay Plaza, Pialba
Kallangur Fair, Kallangur
Sydney Street Markets, Mackay
Mareeba Plaza, Mareeba
Moranbah Fair, Moranbah
Allenstown Plaza, Rockhampton
Springfeld Fair, Springfeld
66
66
66
66
66
66
66
66
66
66
66
66
66
66

Charter Hall Retail REIT (CQR)
South Australia
Wharfands Plaza, Port Augusta
Renmark Plaza, Renmark
67
67
Western Australia
Albany Plaza, Albany
Ballajura Central, Ballajura
Carnarvon Central, Carnarvon
Collie Central, Collie
Esperance Boulevard, Esperance
Kalgoorlie Central, Kalgoorlie
Coles, Maylands
Coles, Narrogin
South Hedland Shopping Centre, South Hedland
Swan View Shopping Centre, Swan View
Wanneroo Central, Wanneroo
67
67
67
67
67
67
67
67
67
67
67
ACT
Woolworths, Dickson
Manuka Terrace, Manuka
Erindale Shopping Centre, Wanniassa
68
68
68
Tasmania
Coles, Newstead
Woolworths, Smithton
Woolworths, Wynyard
68
68
68
Retail Partnership No.1 (RP1)
New South Wales
Carnes Hill Marketplace, Horningsea Park
Highlands Marketplace, Mittagong
Pemulwuy Marketplace, Greystanes
Rutherford Marketplace, Rutherford
Thornleigh Marketplace, Thornleigh
West Ryde Marketplace, West Ryde
Windsor Marketplace, Windsor
71
71
71
71
71
71
71
Victoria
Pakington Strand, Geelong West
71
Queensland
Gladstone Square, Gladstone
71
Western Australia
Wanneroo Central, Wanneroo
71
Retail Partnership No.2 (RP2)
New South Wales
Bateau Bay Square, Bateau Bay
73

138 / Index

Index

Retail

Retail
Bunnings Partnership
New South Wales
Bunnings, Armidale		75
Bunnings, Castle Hill		75
Bunnings, Chatswood		75
Bunnings, Kirrawee		75
Bunnings, Narellan Bunnings, Rouse Hill		75 75
Bunnings, Taree Victoria		75
Bunnings, Rosebud		75
Queensland
Bunnings, Stafford		75
Wiley Stafford		75
Charter Hall Direct Retail Fund (DRF)
New South Wales
Menai Central, Sydney		76
Victoria
Home HQ Nunawading, Melbourne		76

Industrial

Core Plus Industrial Fund (CPIF)
New South Wales
Volkswagen Distribution Centre, Chullora		86
372 Eastern Valley Way, Chatswood		86
56 Anzac Street, Chullora		87
15 Huntingwood Drive, Huntingwood		87
Victoria
Schenker Facility, Melbourne Airport		88
130-138 Link Road, Melbourne Airport		88
Kathmandu Facility, Melbourne Airport		89
Fastline Facility, Derrimut		89
Queensland
Smorgon Distribution Centre, Pinkenba		90
200 Holt Street, Pinkenba		90
140-160 Robinson Road, Geebung		91
Toll Facility, Brisbane Airport		91
17 Sugarmill Road, Meeandah		92
80-120 Canberra Street, Hemmant		92
108 Faisal Hatia Way, Berrinba		93
450 Sherbrooke Road, Willawong		93
230-238 Gilmore Road, Berrinba
Western Australia
Coles Distribution Centre, Perth Airport		94
123-135 Kewdale Road, Kewdale		95
Metcash Distribution Centre, Canning Vale		95
Tasmania
Woolworths Distribution Centre, Launceston		96
Direct Industrial Fund (DIF1)
New South Wales
Australia Post Distribution Centre, Kingsgrove		102
Victoria
Toll Fleet & Auto Logistics Centre, Altona		102
Woolworths Distribution Centre, Hoppers Crossing		103
Queensland
Coates Hire Distribution Centre, Kingston		103
Grace Worldwide Logistics Facility, Willawong		104
South Australia
Electrolux Distribution Centre, Beverley		104
Western Australia
Coles Distribution Centre, Perth		105
Direct Industrial Fund No.2 (DIF2)
Western Australia
Australia Post Distribution Centre, Perth		109
Coles Distribution Centre, Perth		109

Charter Hall Property Portfolio / 30 June 2013 / 139

Industrial

Industrial
Core Logistics Partnership (CLP)
Victoria
Amcor, Scoresby	111
Fastline, Truganina Queensland	111
Blackwoods, Mackey	111
Darra	111
Western Australia
Metcash RDC, Canning Vale	111
Tasmania
Woolworths RDC, Launceston	111

Diversified

Diversifed
PFA Diversifed Trust (PFA)
New South Wales
657 Pacifc Highway, St Leonards		119
706 Mowbray Road, Lane Cove		119
Civic Tower, 66-68 Goulburn Street, Sydney		120
Riverdale Centre 49-65 Macquarie Street, Dubbo		120
The Octagon, Parramatta		121
Victoria
390 St Kilda Road, Melbourne		121
Foxtel Building, Moonee Ponds		122
Queensland
Anzac Square, 200 Adelaide Street Brisbane		122
Western Australia
Sevenoaks, 303 Sevenoaks Street Cannington		123
ACT
Homeworld Centre, Tuggeranong		123
Tasmania
Lands Building, 134 Macquarie Street, Hobart		124
Charter Hall Opportunity Fund No.4 (CHOF4)
New South Wales
Home HQ North Shore, Artarmon		127
Charter Hall Opportunity Fund No.5 (CHOF5)
New South Wales
Little Bay Cove, Little Bay		129
Victoria
Aquilo, Mentone		130
Lacrosse Apartments, Melbourne		130
Western Australia
WORKZONE, Perth		131
New Zealand
The Park Megacentre, Hastings		131
Diversifed Property Fund (DPF)
New South Wales
400 Kent Street, Sydney		135
53 Berry Street, North Sydney		135
Victoria
95 South Centre Rd & 1 and 15 Jets Court, Tullamarine		136

No.1 Martin Place Sydney, NSW

Charter Hall Property Portfolio / 30 June 2013 / 141

Further information

Listed enquiries

Kylie Ramsden Head of Listed Investor Relations +61 2 8295 1016 [email protected]

Unlisted enquiries

Nick Kelly Head of Investor Relations +61 2 8908 4028 [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.

Charter Hall fund’s currently accepting investments

The responsible entity of Charter Hall Direct Property Fund (“CHDPF”) Charter Hall Property Securities Fund (“CHPSF”) and Charter Hall Direct Industrial Fund No.2 (“DIF2) is Charter Hall Direct Property Management Limited (“CHDPML”) (ABN 56 073 623 784, AFSL 226849). CHDPML has issued a product disclosure statement (“PDS”) for CHDPF dated 20 December 2010, CHPSF dated 19 November 2010 and DIF2 dated 17 December 2012. The PDSs for the aforementioned funds (“Funds”) set out the offer to apply for units in the Funds. If you are considering an investment in a Fund or Funds you should read the relevant PDS in its entirety and consider the information set out in the PDS in relation to the offer. You can request a copy of a Fund’s PDS, free of charge, by calling CHDPML on 1300 652 790. Applications for units must be made in the application form acompanying the relevant PDS.

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AI assistant

CHARTER HALL GROUP — Interim / Quarterly Report 2013

64645_rns_2013-09-04_d3171d6f-57d9-4788-8898-aacf47f1e06f.pdf

Charter Hall Group

Property Portfolio Period ending 30 June 2013

management $10.3 billion

Charter Hall Group

Charter Hall is one of Australia’s leading fully integrated property groups, with over 22 years’ experience managing high quality property on behalf of institutional, wholesale and retail clients.

Charter Hall Funds Management Platform

Our funds, partnerships & mandates

As at 30 June 2013

Industrial

Diversified

Charter Hall Office Trust

Top 10 tenants

Annual lease expiry

Fund Statistics

Asset diversification

NABERS Energy Rating (with GreenPower)

Property Portfolio

June 2013 Capitalisation Rate 7.73% June 2013 Discount Rate 9.19%”

Summary

Summary

Allianz Centre 2 Market Street, Sydney NSW

Summary

59 Goulburn Street, Sydney NSW

Summary

Summary

Charter Grove

Summary

Summary

Wentworth Place

Summary

Summary

Summary

150 Lonsdale Street, Melbourne Vic

171 Collins Street, Melbourne Vic

Summary

Summary

5 Queens Road, Melbourne Vic

Summary

Summary

175 Eagle Street Brisbane Qld

Summary

Capital Hill

Summary

Summary

Australia Place

Summary

Core Plus Office Fund

Top 10 tenants

Annual lease expiry

Fund Statistics

Asset diversification

Tenant type diversification

14% 69% 17%

Geographical diversification

Weighted Average Lease Expiry (years)

Property Portfolio

June 2013 Capitalisation Rate 7.77% June 2013 Discount Rate 9.26%”

331 and 333 George Street, Sydney NSW ( core/development inventory)

167 Macquarie Street, Sydney NSW (core)

Summary

Summary

11-33 Exhibition Street, Melbourne Vic (core)

Summary

Summary

Brisbane Square Brisbane Qld (core)

Summary

Summary

Summary

Summary

Summary

Summary

Summary

Summary

Office mandates

Ownership

Ownership

100 Skyring Terrace, Brisbane Qld

CHARTER HALL GROUP Interim / Quarterly Report 2013