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DEXUS Fund Information / Factsheet 2009

Aug 17, 2009

64807_rns_2009-08-17_7a95678a-f33f-4a3c-b60e-fd03276a771b.pdf

Fund Information / Factsheet

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18 August 2009

The Manager Australian Securities Exchange Limited 20 Bridge Street Sydney NSW 2000

DEXUS Funds Management Limited ABN 24 060 920 783 AFSL: 238163 Level 9, 343 George Street Sydney NSW 2000 PO Box R1822 Royal Exchange NSW 1225 Telephone 02 9017 1100 Direct 03 8611 2930 Facsimile 03 8611 2910

Email: [email protected]

Dear Sir / Madam

DEXUS Property Group (ASX: DXS) Property Synopsis as at 30 June 2009

DEXUS Funds Management Limited, as responsible entity for DEXUS Property Group (DXS), provides a copy of the Property Synopsis as at 30 June 2009.

A spreadsheet of the data contained in this Property Synopsis can be downloaded from the website at www.dexus.com

For further information, please contact:

CEO, DEXUS Property Group: Victor Hoog Antink (02) 9017 1129
Chief Financial Officer Craig Mitchell (02) 9017 1183
Investor Relations: Karol O’Reilly (03) 8611 2930
Media Relations: Emma Parry (02) 9017 1133

Yours sincerely

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Tanya Cox Company Secretary

2009 DEXUS Property Group property synopsis 30 JUne

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IntroDUctIon

SUmmary of ProPErtIES

maPS

1

2

16

offIcE PortfoLIo – aUStraLIa anD nEw ZEaLanD car Park PortfoLIo – aUStraLIa InDUStrIaL PortfoLIo – aUStraLIa InDUStrIaL PortfoLIo – north amErIca InDUStrIaL PortfoLIo – EUroPE

rEtaIL PortfoLIo – aUStraLIa

InDEX

99

DIrEctory

ii DEXUS ProPErty GroUP ProPerty synoPsis 2009

IntroDUctIon DEXUS ProPErty GroUP

DeXUs is one of the largest diversified property groups in Australia, with over A$13.5 billion of properties under management. the Group has extensive experience in owning, managing and developing high quality office, industrial and retail properties in Australia, new Zealand, north America and europe.

We offer our tenants and investors access to a world‑class property portfolio managed by our expert team of property and funds management professionals.

the Group has two areas of operation:

DeXUs is committed to being a leader in corporate responsibility and sustainability and was recently recognised as one of the Global 100 Most sustainable Corporations at the World economic Forum in Davos.

  • n our A$7.9 billion direct property portfolio, DeXUs Property Group, which owns, manages and develops high quality office and industrial assets in Australia and select international markets

  • n our A$5.6 billion funds management business which manages and develops Australian office, industrial and retail properties on behalf of third party investors. this includes DeXUs Wholesale Property Fund, two blue‑chip private client mandates and two property syndicates, which collectively make up one of the largest third party fund management businesses in Australia

1

DEXUS ProPErty GroUP ProPerty synoPsis 2009

SUmmary of propErtiES

property address property address
office portfolio – australia
Garema Court, 140–180 City Walk, Canberra
14 Moore street, Canberra
the Zenith, 821 Pacific Highway, Chatswood
11 talavera road, Macquarie Park
40–50 talavera road, Macquarie Park
144 Wicks road, Macquarie Park5, 8
Victoria Cross, 60 Miller street, north sydney
130 George street & 105 Phillip street, Parramatta8, 18
1 Bligh street, sydney2
sydney CBD Floor space (1 Chifley square, sydney)
45 Clarence street, sydney
201–217 elizabeth street, sydney
Governor Phillip & Macquarie tower Complex,
1 Farrer Place, sydney
Australia square Complex, 264–278 George street, sydney
343 George street, sydney8, 15
30 the Bond, 30–34 Hickson road, sydney
309–321 Kent street, sydney
383–395 Kent street, sydney
one Margaret street, sydney
44 Market street, sydney
123 Albert street, Brisbane8
Flinders Gate Complex, 172 Flinders street
and 189 Flinders Lane, Melbourne		 ViC
Melbourne CBD
B Grade – office
8 nicholson street, Melbourne ViC
Melbourne CBD
A Grade – office
southgate Complex,
3 southgate Avenue, southbank		 ViC
Melbourne CBD
A Grade – office
Woodside Plaza,
240 st Georges terrace, Perth		 WA
Perth CBD
Premium Grade
– office
office portfolio – New Zealand
Lumley Centre, 88 shortland street, Auckland		 nZ
Auckland CBD
Premium Grade
– office
Car park portfolio – australia
383–395 Kent street, sydney		 nsW
sydney CBD
Car Park
32–44 Flinders street, Melbourne ViC
Melbourne CBD
Car Park
Flinders Gate Complex,
172 Flinders street, Melbourne		 ViC
Melbourne CBD
Car Park
34–60 Little Collins street, Melbourne ViC
Melbourne CBD
Car Park

2 DEXUS propErty groUp ProPerty synoPsis 2009

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Net lettable acquisition Book value at independent independent market/ Leased Weighted aifrS Npi
area adjusted date 30 Jun 2009 valuation date valuation Stabilised by area lease term 12 months to
for ownership (a$m) [14] (a$m) cap rate (%) by income 30 Jun 2009
(‘000 sqm) (%) [13] (years) [9] (a$m) [10, 11]
11.5 Aug 2000 48.0 Mar 2009 50.6 8.25 99 2.6 4.1
11.1 May 2002 41.0 Dec 2007 49.5 8.50 100 3.2 3.7
22.2 Dec 1998 110.0 Jun 2007 130.0 8.25 82 3.7 6.2
36.1 Apr 2002 130.0 Jun 2008 160.0 8.00 100 2.3 11.2
12.9 oct 2002 29.2 Jun 2009 29.2 8.50 100 1.9 2.6
nov 2006 18.2 Aug 2006 51.8
19.2 Dec 1998 120.0 Dec 2008 124.8 7.50 97 5.4 4.5
19.9 May 1997 82.0 Dec 2008 90.0 8.50 100 4.6 5.1
85.2
0.2
32.1 Dec 1998 250.0 Jun 2009 250.0 7.25 98 3.4 12.7
19.4 Aug 2000 140.0 Jun 2009 140.0 7.50 94 3.7 8.3
43.6 Dec 1998 615.0 Dec 2008 680.0 6.57 97 5.3 34.8
26.4 Aug 2000 267.0 Dec 2007 312.5 7.25 100 4.7 15.2
9.4 Dec 2004 56.0 Dec 2004 44.0 86 1.8 2.8
19.8 May 2002 150.0 Dec 2008 170.0 7.25 100 4.4 10.2
23.5 Dec 1998 177.0 Dec 2008 199.2 7.32 97 5.3 10.8
18.0 sep 1987 120.0 Jun 2008 153.0 7.50 100 2.5 7.3
20.8 Dec 1998 170.0 Dec 2007 200.0 7.25 100 4.6 9.5
30.2 sep 1987 190.0 Jun 2008 225.0 7.50 95 3.0 11.2
oct 1984 119.7 Jun 2006 38.5
8.7 Mar 1999 22.0 Dec 2008 25.2 8.75 91 2.4 1.5
23.5 nov 1993 85.0 Jun 2009 85.0 8.50 100 4.0 7.9
76.3 Aug 2000 340.0 Jun 2009 340.0 8.19 98 5.4 29.1
47.1 Jan 2001 400.0 Jun 2008 446.5 8.50 100 7.9 24.7
19.6 Aug 2004 104.6 Jun 2008 129.1 8.00 100 6.7 7.7
3.6 sep 1987 58.0 Jun 2008 65.0 7.75 100 10.0 5.1
2.1 Jun 1998 34.0 Dec 2008 38.8 8.75 100 9.5 2.6
4.2 Mar 1999 49.0 Dec 2008 54.6 9.00 100 10.0 4.2
3.5 nov 1984 36.0 Dec 2008 40.9 9.50 100 9.9 3.6
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3

DEXUS propErty groUp ProPerty synoPsis 2009

SUmmary of propErtiES CoNtiNUED

property address Location metro area metro area Building type Building type ownership at
30 Jun 2009
(%)
industrial portfolio – australia
52 Holbeche road, Arndell Park nsW sydney, outer West Distribution Centre 100
79–97 st Hilliers road, Auburn nsW sydney, inner West Business Park 100
3 Brookhollow Avenue, Baulkham Hills8 nsW sydney, outer West Business Park 100
1 Garigal road, Belrose nsW sydney, north Business Park 100
2 Minna Close, Belrose nsW sydney, north Business Park 100
3–7 Bessemer street, Blacktown16 nsW sydney, outer West Distribution Centre 100
30–32 Bessemer street, Blacktown nsW sydney, outer West Distribution Centre 100
114–120 old Pittwater road, Brookvale nsW sydney, north Business Park 100
2 Alspec Place, eastern Creek nsW sydney, outer West Distribution Centre 100
145–151 Arthur street, Flemington nsW sydney, inner West Business Park 100
436–484 Victoria road, Gladesville nsW sydney, north Business Park 100
1 Foundation Place, Greystanes nsW sydney, outer West industrial estate 100
seL, Greystanes estate, Greystanes4, 5, 8 nsW sydney, outer West Land 100
27–29 Liberty road, Huntingwood nsW sydney, outer West Distribution Centre 100
Kings Park industrial estate, Vardys road, Marayong nsW sydney, outer West industrial estate 100
154 o’riordan street, Mascot nsW sydney, south industrial estate 100
5–15 rosebery Avenue, rosebery nsW sydney, south Business Park 100
25–55 rothschild Avenue, rosebery nsW sydney, south Business Park 100
10–16 south street, rydalmere nsW sydney, inner West industrial estate 100
DeXUs industrial estate, egerton street, silverwater nsW sydney, inner West Business Park 100
19 Chifley street, smithfield nsW sydney, outer West industrial estate 100
239–251 Woodpark road, smithfield3 nsW sydney, outer West Distribution Centre
12 Frederick street, st Leonards nsW sydney, north Business Park 100
40 Biloela street, Villawood nsW sydney, outer West Distribution Centre 100
30 Bellrick street, Acacia ridge QLD Brisbane Distribution Centre 100
25 Donkin street, West end Brisbane QLD Brisbane Business Park 100
15–23 Whicker road, Gillman sA Adelaide Distribution Centre 100
target Distribution Centre, tarras road, Altona north ViC Melbourne, West Distribution Centre 100
114 Fairbank road, Clayton ViC Melbourne, south east Distribution Centre 100
Pound road West, Dandenong ViC Melbourne, south east industrial estate 100
redwood Gardens industrial estate, ViC Melbourne, south east industrial estate 100
Boundary road, Dingley6
352 Macaulay road, Kensington ViC Melbourne, north West industrial estate 100
Knoxfield industrial estate, Henderson road, Knoxfield ViC Melbourne, south east Distribution Centre 100
250 Forest road south, Lara ViC Melbourne, south West Distribution Centre 100
DeXUs industrial estate, Boundary road, Laverton north ViC Melbourne, West Distribution Centre 100
(including 440 Doherty’s road)8
12–18 Distribution Drive, Laverton north ViC Melbourne, West Distribution Centre 50
Axxess Corporate Park, Cnr Ferntree Gully & Gilby roads, ViC Melbourne, south east industrial estate 100
Mount Waverley
68 Hasler road, Herdsman17 WA Perth Business Park 100

4 DEXUS propErty groUp ProPerty synoPsis 2009

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Net lettable acquisition Book value at independent independent market/ Leased Weighted aifrS Npi
area adjusted date 30 Jun 2009 valuation date valuation Stabilised by area lease term 12 months to
for ownership (a$m) [14] (a$m) cap rate (%) by income 30 Jun 2009
(‘000 sqm) (%) [13] (years) [9] (a$m) [10, 11]
9.6 Jul 1998 11.3 Jun 2008 13.5 8.75 100 5.1 1.1
25.8 sep 1997 40.0 Jun 2009 40.0 9.00 97 2.5 3.1
13.4 Dec 2002 52.4 Jun 2008 44.8 9.25 100 4.3 3.9
12.7 Dec 1998 24.0 Jun 2009 24.0 8.75 100 2.6 2.5
13.4 Dec 1998 27.6 Jun 2009 27.6 9.00 70 4.1 2.2
8.1 Jun 1997 9.1 Dec 2008 9.9 9.25 100 5.4 0.9
14.7 May 1997 14.9 Dec 2008 16.3 9.00 100 1.2 1.3
30.6 sep 1997 44.0 Dec 2008 48.0 8.88 89 4.1 3.7
16.9 Mar 2004 23.3 Dec 2008 24.8 8.50 100 5.8 2.0
19.2 sep 1997 30.8 Jun 2009 30.8 8.75 83 2.4 2.3
19.9 sep 1997 46.0 Jun 2009 46.0 8.75 92 2.8 3.6
30.8 Apr 2003 41.0 Jun 2008 48.0 8.75 100 4.2 3.7
Dec 2007 116.4
6.8 Jul 1998 8.0 Jun 2008 9.7 8.75 100 3.4 0.7
68.9 May 1990 91.2 Jun 2008 104.0 8.75 100 2.4 8.0
8.2 Jun 1997 13.5 Dec 2008 15.0 8.25 77 2.3 0.8
27.9 Apr 1998 57.0 Jun 2008 62.2 8.25 97 1.7 4.7
16.9 oct 2001 31.0 Jun 2008 40.5 8.50 100 3.4 1.9
34.7 sep 1997 41.0 Dec 2008 44.0 9.00 97 1.6 3.5
29.3 May 1997 40.0 Dec 2007 50.0 8.75 100 3.5 3.7
18.5 Dec 1998 16.3 Jun 2008 18.4 9.25 94 2.2 1.4
19.3 Jul 2000 33.1 Jun 2009 33.1 9.00 100 3.0 2.9
7.3 Jul 1997 6.5 Dec 2008 7.0 9.00 55 0.3 0.7
17.8 Jun 1997 20.0 Jun 2008 22.7 9.00 100 3.2 1.8
11.3 Dec 1998 32.0 Dec 2007 35.6 8.25 93 2.0 1.9
72.1 Dec 2002 25.7 Dec 2008 26.8 9.25 100 3.0 2.3
41.4 oct 1995 30.0 Dec 2007 37.5 9.25 100 2.8 3.5
18.2 Jul 1997 14.0 Dec 2008 15.6 9.00 100 10.3 1.0
89.3 Jan 2004 77.0 Dec 2007 81.6 8.75 100 4.4 6.3
37.8 Dec 1994 20.8 Jun 2008 30.3 9.25 67 2.7 2.0
6.4 oct 1998 8.2 Dec 2007 10.0 8.75 100 2.7 0.7
48.5 Aug 1996 33.0 Jun 2009 33.0 9.50 100 2.9 2.9
117.3 Dec 2002 48.8 Jun 2008 44.8 9.25 100 14.0 3.8
86.4 Jul 2002 137.5 Jun 2009 137.2 8.75 100 8.8 4.7
21.5 47.5 8.75 100 12.8 4.0
84.6 oct 1996 180.6 Jun 2008 192.7 8.75 98 4.4 14.4
4.7 Jul 1998 11.3 Jun 2008 17.5 9.00 100 0.3 0.7
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DEXUS propErty groUp ProPerty synoPsis 2009 5

SUmmary of propErtiES CoNtiNUED

property address Location metro area metro area Building type Building type ownership at Net lettable Net lettable
30 Jun 2009 area adjusted
(%) for ownership
(‘000 sqm)
industrial portfolio – North america
844 44th Avenue, Phoenix Arizona Phoenix Distribution Centre 100 44.2
3802–3922 east University Drive, Phoenix Arizona Phoenix Business Park 100 33.5
431 north 47th Avenue, Phoenix Arizona Phoenix Distribution Centre 100 49.7
220 south 9th street, Phoenix Arizona Phoenix Distribution Centre 100 27.1
1429–1439 south 40th Avenue, Phoenix Arizona Phoenix Distribution Centre 100 77.1
105–107 south 41st Avenue, Phoenix Arizona Phoenix Distribution Centre 100 116.1
601 south 55th Avenue, Phoenix Arizona Phoenix Distribution Centre 100 30.5
1000 south Priest Drive, Phoenix Arizona Phoenix Business Park 100 16.8
1858 east encanto Drive, tempe Arizona Phoenix Distribution Centre 100 25.0
1120–1150 West Alameda Drive, tempe Arizona Phoenix Business Park 100 37.2
10397 West Van Buren street, tolleson Arizona Phoenix Distribution Centre 100 84.7
4190 east santa Ana street, Bloomington California riverside industrial estate 100 30.2
14555 Alondra Boulevard, La Mirada California Los Angeles Distribution Centre 100 92.7
& 6530 Altura Boulevard, Buena Park
5823 newton Drive, Carlsbad California san Diego Business Park 100 54.9
13602 12th street, Chino California riverside Distribution Centre 100 32.0
14489 industry Circle, La Mirada California Los Angeles Distribution Centre 100 34.4
3550 tyburn street & 3332–3424 California Los Angeles industrial estate 100 137.5
n.san Fernando road, Los Angeles
3590 De Forest Circle, Mira Loma California riverside Distribution Centre 100 76.5
1450 e Francis street, 4200 e santa Ana street, California riverside industrial estate 100 174.3
1951 s Parco street, 1401 e Cedar street,
1777 Vintage Avenue, ontario
3691 north Perris Boulevard, Perris California riverside Warehouse 100 514.2
12000 Jersey Court, rancho Cucamonga California riverside Distribution Centre 100 26.8
11653 6th street, santa Anita Avenue, California riverside industrial estate 100 131.1
9357 richmond Place, & 9371 Buffalo Avenue,
rancho Cucamonga
7510–7520 Airway road, san Diego California san Diego industrial estate 100 36.9
summit oaks, Vanderbilt Way, santa Clarita7, 8, 12 California Los Angeles office Park 92 44.5
9210 san Fernando road, sun Valley California Los Angeles industrial estate 100 55.5
2210 oak ridge Way, Vista California san Diego Business Park 100 16.2
7500 exchange Drive, orlando Florida orlando industrial estate 100 35.4
orlando Central Park, 7600 Kingspointe Parkway, Florida orlando industrial estate 100 388.6
8259 exchange Drive, 7451–7488 Brokerage Drive,
2900–2901 titan row, orlando
13201 south orange Avenue, orlando Florida orlando Distribution Centre 100 153.3
turnpike Distribution Centre, 1580 nW 27th Avenue, Florida south Florida Distribution Centre 100 81.7
Pompano Beach
northpoint Business Park, 300–1400 northpoint Florida south Florida Distribution Centre 100 44.8
Parkway, West Palm Beach
1000–1200 Williams street nW, Atlanta Georgia Atlanta Distribution Centre 100 63.4

6 DEXUS propErty groUp ProPerty synoPsis 2009

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100% acquisition Book value at independent independent market/ Leased Weighted aifrS Npi
US assets date 30 Jun 2009 valuation date valuation Stabilised by area lease term 12 months to
lettable area (a$m) [14] (a$m) cap rate (%) by income 30 Jun 2009
(‘000 sf) (%) [13] (years) [9] (a$m) [10, 11]
145.0 sep 2004 8.5 Jun 2009 8.5 7.75 100 4.5 0.8
110.0 sep 2004 9.5 Jun 2009 9.5 7.75 87 2.6 0.6
163.0 sep 2004 9.2 Jun 2009 9.2 7.75 100 0.4 0.7
89.0 sep 2004 10.3 Jun 2009 10.2 7.75 100 2.9 0.8
253.0 sep 2004 14.3 Jun 2009 14.3 8.00 85 5.1 1.3
381.0 sep 2004 19.6 Jun 2009 19.6 8.00 64 1.6 1.1
100.0 sep 2004 7.0 Jun 2009 7.0 6.50 100 5.2 0.5
55.0 sep 2004 4.2 Jun 2009 4.2 7.75 0.1
82.0 sep 2004 6.2 Jun 2009 6.2 7.75 100 3.9 0.5
122.0 sep 2004 9.2 Jun 2009 9.2 7.75 91 2.0 0.5
278.0 sep 2004 13.6 Jun 2009 13.6 8.00 100 2.8 1.2
99.0 sep 2004 6.8 Jun 2009 6.8 7.00 100 2.6 0.6
304.0 sep 2004 20.7 Jun 2009 20.7 8.00 78 3.3 1.4
180.0 sep 2004 18.5 Jun 2009 18.5 8.75 100 1.8
105.0 sep 2004 8.0 Jun 2009 8.0 7.00 44 9.0 0.6
113.0 sep 2004 9.5 Jun 2009 9.5 6.10 55 3.5 1.1
451.0 sep 2004 63.7 Jun 2009 63.7 7.62 97 3.0 4.8
251.0 sep 2004 16.1 Jun 2009 16.1 7.50 100 0.9 1.6
572.0 sep 2004 35.7 Jun 2009 35.7 7.50 88 0.7 3.1
1,687.0 Jan 2008 108.5 Jun 2009 108.6 7.50 100 8.6 11.3
88.0 sep 2004 5.8 Jun 2009 5.8 7.50 100 1.7 0.5
430.0 sep 2004 27.7 Jun 2009 27.7 7.50 97 0.8 2.4
121.0 sep 2004 9.9 Jun 2009 9.9 8.75 90 2.9 1.0
146.0 Dec 2006 21.4 Jun 2009 21.4 9.00 100 10.0
182.0 sep 2004 24.2 Jun 2009 24.2 7.00 100 4.6 1.8
53.0 sep 2004 6.9 Jun 2009 6.9 7.50 100 0.2 0.6
116.0 sep 2004 5.9 Jun 2009 5.9 9.50 87 1.7 0.5
1,275.0 sep 2004 67.8 Jun 2009 67.8 8.00 90 2.8 5.8
503.0 Jun 2007 30.4 Jun 2009 30.4 8.00 100 8.0 2.5
268.0 sep 2005 23.8 Jun 2009 23.8 8.00 100 4.9 2.1
147.0 sep 2004 15.3 Jun 2009 15.3 8.00 56 1.9 0.9
208.0 sep 2004 8.9 Jun 2009 8.9 8.75 43 2.2 0.4
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DEXUS propErty groUp ProPerty synoPsis 2009 7

SUmmary of propErtiES CoNtiNUED

property address Location metro area metro area Building type Building type ownership at Net lettable Net lettable
30 Jun 2009 area adjusted
(%) for ownership
(‘000 sqm)
industrial portfolio – North america(continued)
300 townpark Drive, Kennesaw Georgia Atlanta Business Park 100 36.9
7100 Highlands Parkway se, smyrna Georgia Atlanta Business Park 100 45.7
5111–5151 royal Atlanta Drive, tucker Georgia Atlanta industrial estate 100 40.8
850 e Devon Avenue, 1260 n ellis street, ilinois Chicago industrial/ 100 77.7
371 Meyer road, Bensenville Warehouse
1825 Airport exchange Boulevard, erlanger Kentucky Cincinnati Distribution Centre 100 20.7
3368–3372 turfway road, erlanger Kentucky Cincinnati industrial estate 100 34.1
7453 empire Drive, Florence Kentucky Cincinnati Distribution Centre 100 60.0
7930 & 7940 Kentucky Drive, Florence Kentucky Cincinnati industrial estate 100 105.8
5–11 spiral Drive, Florence Kentucky Cincinnati Business Park 100 18.9
1910 international Way, Hebron Kentucky Cincinnati industrial estate 100 91.4
Fort Holabird industrial, 1811 & 1831 Portal street, Maryland Baltimore Distribution Centre 100 52.4
& 6615 tributary street, Baltimore
9112 Guilford road, Columbia Maryland Baltimore Business Park 100 16.8
8350 & 8351 Bristol Court, Jessup Maryland Baltimore Distribution Centre 100 40.5
MD Wholesale Food Market, 7951 ocean Avenue Maryland Baltimore Distribution Centre 100 138.4
& 7970 tarbay Drive, Jessup
8306 Patuxent range road Maryland Baltimore Business Park 100 46.3
& 8332 Bristol Court, Jessup
8155 stayton Drive, Jessup Maryland Baltimore industrial estate 100 38.4
1015 & 1025 West nursery road, Linthicum Heights Maryland Baltimore industrial estate 100 26.8
Cabot techs, 989–991 Corporate Boulevard, Maryland Baltimore Business Park 100 39.9
Linthicum Heights
ne Baltimore, 21 & 23 Fontana Lane, rosedale Maryland Baltimore industrial estate 100 33.2
10 Kenwood Circle, Franklin Massachusetts Boston Distribution Centre 100 46.6
Braemar ridge, 7500 West 78th street, Bloomington Minnesota Minneapolis Business Park 100 22.6
Brooklyn Park interstate Center, 7700 68th Avenue, Minnesota Minneapolis Distribution Centre 100 28.0
Brooklyn Park
eagandale Business Campus, Minnesota Minneapolis Business Park 100 73.2
1285 & 1301 Corporate Centre Drive &
1230 & 1270 eagan industrial road, eagan
7401 Cahill road, Minneapolis Minnesota Minneapolis industrial estate 100 14.0
6105 trenton Lane north, Minneapolis Minnesota Minneapolis Distribution Centre 100 37.2
8575 Monticello Lane, osseo Minnesota Minneapolis Distribution Centre 100 11.9
2950 Lexington Avenue south, st Paul Minnesota Minneapolis Distribution Centre 100 56.1
2222–2298 Wooddale Drive, st Paul Minnesota Minneapolis Distribution Centre 100 97.8
9900 Brookford street, Charlotte north Carolina Charlotte Distribution Centre 100 37.2
Commerce Park, 11517 Cordage street north Carolina Charlotte Distribution Centre 100 58.8
& 10900 s Commerce Boulevard, Charlotte
3520–3600 Westinghouse Boulevard, Charlotte north Carolina Charlotte Distribution Centre 100 173.4
4560 & 4570 Lake Forest Drive, Cincinnati ohio Cincinnati Distribution Centre 100 127.7
World Park, 9756 & 9842 international Boulevard, ohio Cincinnati Distribution Centre 100 121.0
Cincinnati
10013–11093 Kenwood road, Cincinnati ohio Cincinnati Distribution Centre 100 234.7

8 DEXUS propErty groUp ProPerty synoPsis 2009

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

100% acquisition Book value at independent independent market/ Leased Weighted aifrS Npi
US assets date 30 Jun 2009 valuation date valuation Stabilised by area lease term 12 months to
lettable area (a$m) [14] (a$m) cap rate (%) by income 30 Jun 2009
(‘000 sf) (%) [13] (years) [9] (a$m) [10, 11]
121.0 sep 2004 8.3 Jun 2009 8.3 7.75 84 1.8 0.5
150.0 sep 2004 13.7 Jun 2009 13.7 8.25 100 3.0 1.3
134.0 sep 2004 6.8 Jun 2009 6.8 8.25 93 2.7 0.3
255.0 Dec 2007 22.2 Jun 2009 22.2 8.25 43 5.0 0.6
68.0 sep 2004 3.3 Jun 2009 3.3 9.50 51 3.0
112.0 sep 2004 4.9 Jun 2009 4.9 9.25 68 1.9 0.3
197.0 sep 2004 6.9 Jun 2009 6.9 9.25 96 0.8 0.6
347.0 sep 2004 18.5 Jun 2009 18.5 8.75 100 6.9 1.8
62.0 sep 2004 5.8 Jun 2009 5.8 9.25 84 4.2 0.6
300.0 sep 2004 12.6 Jun 2009 12.6 8.75 100 5.3 1.2
172.0 Jun 2005 13.1 Jun 2009 13.1 8.00 97 2.2 0.9
55.0 sep 2004 9.9 Jun 2009 9.9 8.00 100 5.6 0.9
133.0 sep 2004 12.8 Jun 2009 12.8 8.25 100 2.3 0.9
454.0 sep 2004 23.2 Jun 2009 23.2 8.50 88 3.7 2.0
152.0 sep 2004 14.0 Jun 2009 14.0 8.00 77 1.7 0.9
126.0 sep 2004 9.6 Jun 2009 9.6 7.75 100 3.4 0.5
88.0 sep 2004 9.0 Jun 2009 9.0 8.00 99 2.3 0.6
131.0 sep 2004 30.8 Jun 2009 30.8 8.00 96 2.0 2.3
109.0 sep 2004 8.9 Jun 2009 8.9 8.25 100 2.2 0.8
153.0 sep 2004 10.3 Jun 2009 10.4 8.50 53 9.2 0.7
74.0 nov 2005 5.3 Jun 2009 5.3 8.50 70 2.4 0.2
92.0 nov 2005 3.6 Jun 2009 3.6 8.50 25 0.4 –0.2
240.0 nov 2005 16.4 Jun 2009 16.4 8.50 84 2.2 1.5
46.0 sep 2004 2.9 Jun 2009 3.0 8.50 100 4.1 0.2
122.0 sep 2004 8.5 Jun 2009 8.5 8.00 100 8.3 0.8
39.0 sep 2004 2.1 Jun 2009 2.1 8.75 100 1.5 0.2
184.0 sep 2004 8.7 Jun 2009 8.6 8.50 63 1.8 0.4
321.0 sep 2004 19.5 Jun 2009 19.6 8.50 95 1.7 1.3
122.0 sep 2004 4.2 Jun 2009 4.2 10.00 51 3.1 0.1
193.0 sep 2004 8.0 Jun 2009 8.0 9.00 100 1.5 0.8
569.0 sep 2004 22.2 Jun 2009 22.2 7.00 100 1.9 2.5
419.0 sep 2004 12.8 Jun 2009 12.8 8.50 100 3.9 1.2
397.0 sep 2004 10.7 Jun 2009 10.7 8.50 100 1.2 1.1
770.0 sep 2004 21.0 Jun 2009 21.1 8.50 99 3.2 1.9
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9

DEXUS propErty groUp ProPerty synoPsis 2009

SUmmary of propErtiES CoNtiNUED

property address Location metro area metro area Building type Building type ownership at Net lettable Net lettable
30 Jun 2009 area adjusted
(%) for ownership
(‘000 sqm)
industrial portfolio – North america(continued)
4343 & 4401 equity Drive, 1614–1634 & 1999 ohio Columbus industrial estate 100 280.4
Westbelt Drive & 1901–1919 Dividend Drive,
Columbus
2700 international street, Columbus ohio Columbus industrial estate 100 46.6
se Columbus, 2550 John Glenn Avenue ohio Columbus Distribution Centre 100 110.3
& 2626 Port road, Columbus
3800 twin Creeks Drive, Columbus ohio Columbus industrial estate 100 53.6
124 Commerce Boulevard, Loveland ohio Cincinnati Distribution Centre 100 10.7
Mechanicsburg, 5045 ritter road Pennsylvania Harrisburg Distribution Centre 100 115.2
& 201 Cumberland Parkway, Harrisburg
6350 & 6360 Brackbill Boulevard, Mechanicsburg Pennsylvania Harrisburg Distribution Centre 100 150.6
181 Fulling Mill road, Middletown Pennsylvania Harrisburg Distribution Centre 100 56.7
Memphis industrial, 3965 Pilot Drive, Memphis tennessee Memphis Distribution Centre 100 102.4
912 113th street & texas Dallas Business Park 100 39.9
2300 east randoll Mill road, Arlington
1413 Bradley Lane, Carrollton texas Dallas Business Park 100 17.4
455 Airline Drive, Coppell texas Dallas industrial estate 100 22.9
555 Airline Drive, Coppell texas Dallas industrial estate 100 43.0
1900 Diplomat Drive, Dallas texas Dallas Business Park 100 25.3
2055 Diplomat Drive, Dallas texas Dallas Business Park 100 16.2
11411, 11460–11480 & 11550–11560 texas Dallas industrial estate 100 75.6
Hillguard road, Dallas
CtC at Valwood, 13755 Hutton Drive, Dallas texas Dallas Business Park 100 14.3
11011 regency Crest Drive, Garland texas Dallas Distribution Centre 100 53.9
Garland Jupiter, Garland5, 8 texas Dallas Land 100
Plano Parkway, Plano5, 8 texas Dallas Land 100
1800–1808 10th street, Plano texas Dallas industrial estate 100 63.7
820–860 F Avenue, Plano texas Dallas Business Park 100 22.3
1600–1700 Capital Avenue, Plano texas Dallas industrial estate 100 30.8
3601 east Plano Parkway texas Dallas industrial estate 100 87.5
& 1000 shiloh road, Plano
2701, 2801, 2805 east Plano Parkway texas Dallas industrial estate 100 93.6
& 2700 summit Avenue, Plano
885 east Collins Boulevard, richardson texas Dallas Business Park 100 17.1
Cornerstone Building, 5411 i–10 east texas san Antonio industrial/ 100 87.8
& 1228 Cornerway Boulevard, san Antonio Warehouse
302–402 n tayman road, san Antonio texas san Antonio industrial/
Warehouse		 100 126.8
202 s tayman road, san Antonio8, 12 texas san Antonio Land 97
1803 Grandstand Drive, san Antonio texas san Antonio industrial/
Warehouse		 100 40.8
8151–8161 interchange Parkway, san Antonio texas san Antonio industrial/
Warehouse		 100 64.0
8171 interchange Parkway, san Antonio8, 12 texas san Antonio Land 97
8181 interchange Parkway, san Antonio8, 12 texas san Antonio Land 97

10 DEXUS propErty groUp ProPerty synoPsis 2009

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

100% acquisition Book value at independent independent market/ Leased Weighted aifrS Npi
US assets date 30 Jun 2009 valuation date valuation Stabilised by area lease term 12 months to
lettable area (a$m) [14] (a$m) cap rate (%) by income 30 Jun 2009
(‘000 sf) (%) [13] (years) [9] (a$m) [10, 11]
920.0 sep 2004 37.0 Jun 2009 37.0 8.50 100 4.6 4.0
153.0 sep 2004 4.3 Jun 2009 4.3 8.50 100 0.8 0.3
362.0 sep 2004 11.7 Jun 2009 11.7 8.25 93 4.9 0.9
176.0 sep 2004 5.8 Jun 2009 5.8 8.50 100 3.0 0.6
35.0 sep 2004 2.6 Jun 2009 2.6 8.50 100 1.6 0.3
378.0 sep 2004 21.9 Jun 2009 21.9 8.00 100 5.9 3.3
494.0 sep 2004 16.0 Jun 2009 16.0 9.50 0.4
186.0 sep 2004 11.0 Jun 2009 11.0 8.00 100 2.4 1.1
336.0 sep 2004 6.4 Jun 2009 6.4 9.25 0.9
131.0 sep 2004 8.5 Jun 2009 8.5 9.00 100 1.8 0.9
57.0 sep 2004 2.5 Jun 2009 2.6 9.00 100 4.2 0.3
75.0 sep 2004 3.5 Jun 2009 3.5 8.50 100 2.3 0.4
141.0 sep 2004 6.3 Jun 2009 6.3 8.50 100 3.3 0.6
83.0 sep 2004 3.7 Jun 2009 3.7 9.00 100 2.7 0.4
53.0 sep 2004 2.6 Jun 2009 2.7 9.00 100 2.4 0.2
248.0 sep 2004 9.7 Jun 2009 9.7 9.00 92 2.9 0.6
47.0 sep 2004 3.8 Jun 2009 3.8 9.00 100 2.5 0.4
177.0 sep 2004 7.3 Jun 2009 7.3 8.50 81 2.7 0.6
Jun 2006 3.4 Jun 2009 3.5 –0.1
Jun 2006 2.2 Jun 2009 2.2
209.0 sep 2004 10.7 Jun 2009 10.7 8.50 100 5.2 1.0
73.0 sep 2004 5.9 Jun 2009 5.9 9.50 100 3.0 0.5
101.0 sep 2004 5.9 Jun 2009 5.9 9.00 100 2.9 0.7
287.0 sep 2004 11.6 Jun 2009 11.6 9.00 44 4.0 0.8
307.0 sep 2004 23.7 Jun 2009 23.7 9.00 84 3.1 2.1
56.0 sep 2004 2.8 Jun 2009 2.8 9.50 58 0.9 0.1
288.0 Aug 2007 14.8 Jun 2009 14.8 8.25 75 8.8 0.1
416.0 Aug 2007 21.0 Jun 2009 21.0 8.52 89 9.5 1.3
nov 2007 10.8 Jun 2009 10.8 11.29
134.0 Aug 2007 9.9 Jun 2009 9.9 8.38 72 5.4 0.7
210.0 Jul 2007 14.8 Jun 2009 14.8 7.57 93 5.0 1.7
Jul 2007 0.6 Jun 2009 0.6
Jul 2007 0.6 Jun 2009 0.6
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11

DEXUS propErty groUp ProPerty synoPsis 2009

SUmmary of propErtiES CoNtiNUED

property address Location metro area metro area Building type Building type ownership at Net lettable Net lettable
30 Jun 2009 area adjusted
(%) for ownership
(‘000 sqm)
industrial portfolio – North america(continued)
8191 interchange Parkway, san Antonio8, 12 texas san Antonio Land 97
interchange north 1, 3003, texas san Antonio Land 97
3005 ne i–410 Loop, san Antonio8, 12
tri-County 2, tri-County Parkway, schertz8, 12 texas san Antonio Land 97
tri-County 5, tri-County Parkway, schertz8, 12 texas san Antonio Land 97
tri-County 6, tri-County Parkway, schertz8, 12 texas san Antonio Land 97
850 north Lake Drive, Weatherford texas Dallas Distribution Centre 100 70.1
300 & 405–444 swann Avenue, Virginia northern industrial estate 100 134.1
2402–2520 oakville street & Virginia
2412–2610 Jefferson Davis Highway, Alexandria
326–446 Calvert Avenue & Virginia northern industrial estate 100 14.9
401–403 Murry’s Avenue, Alexandria Virginia
Beaumeade telecom, 21561–21571 Virginia northern Business Park 100 50.0
Beaumeade Circle, Ashburn Virginia
Beaumeade, Ashburn5, 8 Virginia northern
Virginia		 Land 100
44633–44645 Guilford road Virginia northern Business Park 100 53.9
and 21641 Beaumeade Circle, Ashburn Virginia
CtC at Dulles, 13555 eDs Drive, Herndon Virginia northern
Virginia		 Business Park 100 31.7
45901–45905 nokes Boulevard, sterling Virginia northern
Virginia		 Business Park 100 50.9
Atlantic Corporate Park, 45600 & 45610 Virginia northern office Park 100 64.0
Woodland road, sterling8 Virginia
Kent West Corporate Park, Washington seattle industrial estate 100 122.8
21902 64th Avenue s, Kent
riverbend Commerce Park, Washington seattle Distribution Centre 100 28.0
8005 south 266th street, Kent
riverbend Commerce Park, Washington seattle Business Park 100 11.0
26507 79th Avenue south, Kent
8574 Boston Church road, Milton ontario toronto industrial/
Warehouse		 100 230.1

12 DEXUS propErty groUp ProPerty synoPsis 2009

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100% acquisition Book value at independent independent market/ Leased Weighted aifrS Npi
US assets date 30 Jun 2009 valuation date valuation Stabilised by area lease term 12 months to
lettable area (a$m) [14] (a$m) cap rate (%) by income 30 Jun 2009
(‘000 sf) (%) [13] (years) [9] (a$m) [10, 11]
Jul 2007 0.4 Jun 2009 0.5
Jul 2007 5.4 Jun 2009 5.4 10.92
Jul 2007 0.9 Jun 2009 1.0 0.00
Jul 2007 2.5 Jun 2009 2.5 9.99
Jul 2007 3.7 Jun 2009 3.7 10.71
230.0 sep 2004 10.5 Jun 2009 10.5 8.50 100 6.9 1.4
440.0 sep 2004 48.5 Jun 2009 48.6 8.50 88 3.1 4.8
49.0 sep 2004 4.8 Jun 2009 4.8 8.75 89 4.3 0.3
164.0 sep 2004 43.1 Jun 2009 43.1 7.00 100 6.5 3.6
Jun 2006 2.9 Jun 2009 2.8
177.0 sep 2004 13.7 Jun 2009 13.7 9.25 97 1.9 1.7
104.0 sep 2004 29.5 Jun 2009 29.6 8.00 100 4.4 1.9
167.0 sep 2004 52.4 Jun 2009 52.4 9.00 100 10.2 3.2
210.0 Jun 2006 18.8 Jun 2009 18.7 8.00
403.0 sep 2004 29.6 Jun 2009 29.6 8.00 100 1.7 2.2
92.0 sep 2004 8.0 Jun 2009 8.0 7.50 100 0.8
36.0 sep 2004 3.4 Jun 2009 3.5 7.50 100 0.3
755.0 Dec 2007 55.0 Jun 2009 55.0 9.00 100 8.5 5.2
----- End of picture text -----

DEXUS propErty groUp ProPerty synoPsis 2009 13

SUmmary of propErtiES

CoNtiNUED

property address Location
metro area
Building type
industrial portfolio – france
21 rue du Chemin Blanc, 91160 Champlan
Zone industrielle epône ii, 78680 epône
servon 1, route nationale 19 L’orme rond, 77170 servon
servon 2, route nationale 19 L’orme rond, 77170 servon
32 avenue de l’océanie, 91140 Villejust
19 rue de Bretagne, 38070 saint-Quentin-Fallavier
Paris
Paris
Distribution Centre
Paris
Paris
Distribution Centre
Paris
Paris
Distribution Centre
Paris
Paris
Distribution Centre
Paris
Paris
Distribution Centre
Lyon
Lyon
Distribution Centre
industrial portfolio – germany
im Holderbusch 3, sulmstraße, ellhofen
schillerstraße 51, ellhofen
schillerstraße 42, 42a, Bahnhofstraße 44, 50, ellhofen
im steinbruch 4, 6, Knetzgau
Bremer ring & Hansestraße, Wustermark, Berlin
nordstraße 1, Löbau
im Gewerbegebiet 18, Friedewald
niedesheimer straße 24, Worms
Über der Dingelstelle, Langenweddingen
Liverpooler straße, Kopenhagener straße, osloer straße,
Friemersheim, Duisburg
theodorstraße, Düsseldorf
Carl-Leverkus-straße 3–5, Winkelsweg 182–184,
Langenfeld
schneiderstraße 82, Langenfeld
Former straße 6, Unna
Baden –
Wurttemberg
ellhofen
Distribution Centre
Baden –
Wurttemberg
ellhofen
Distribution Centre
Baden –
Wurttemberg
ellhofen
Distribution Centre
Bayern
Knetzgau
Distribution Centre
Brandenburg
Berlin
Distribution Centre
Brandenburg
Löbau
Distribution Centre
Hesse
Friedewald
Distribution Centre
Hesse
Worms
Distribution Centre
neidersachsen Langenweddingen
Distribution Centre
nordrhein
Westfalen
Duisburg
Distribution Centre
nordrhein
Westfalen
Düsseldorf
Distribution Centre
nordrhein
Westfalen
Langenfeld
Distribution Centre
nordrhein
Westfalen
Langenfeld
Distribution Centre
nordrhein
Westfalen
Unna
Distribution Centre
retail portfolio – australia
Westfield Whitford City shopping Centre,
Whitford Avenue & Lot 6 endeavour road, Hillarys

Notes:

  1. All data is based on 30 June 2009 values including any future committed acquisitions or disposals and is represented in Australian dollars.

  2. Book value and valuation conversion rates as at 30 June 2009: AUD/UsD 0.8114, AUD/nZD 1.2428, AUD/eUr 0.5751, AUD/CAD 0.9379

  3. Properties are equity accounted.

  4. Asset sold prior to 30 June 2009.

  5. new whole or partial acquisition in the period to 30 June 2009.

  6. Vacant land.

  7. redwood Gardens industrial estate is held as a subdivided estate. Part of the estate has been sold prior to 30 June 09 with the balance of the estate held for sale.

  8. net lettable area and percentage of ownership represents ownership on completion.

  9. Book values include PP&e component.

  10. All public car parking revenue is assumed to have an income expiry of 10 years.

  11. net income excludes assets sold during the year to 30 June 2009.

  12. Us net income conversion to AUD based on DeXUs ownership using weighted average exchange rate of AUD/UsD 0.7348 (June 2009).

  13. the book value of summit oaks and san Antonio assets are included at 100%.

  14. Market/stabilised Capitalisation rate is the capitalisation rate resulting from the book value.

  15. the book value column includes PP&e assets that are held at the lower of cost or recoverable amount.

  16. Contracts exchanged for sale of 343 George street, sydney. settlement expected 17/10/2009. Book value includes $0.6 million PP&e not being sold.

  17. Contracts settled for sale of 3–7 Bessamer street, Blacktown on 23/7/2009.

  18. Contracts settled for sale of 68 Hasler road, Herdsman on 8/7/2009.

  19. the available percentage under lease expiry relates to vacant car spaces at 130 George street, Parramatta.

14 DEXUS propErty groUp ProPerty synoPsis 2009

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

Net lettable area acquisition Book value at independent independent market/ Leased Weighted aifrS Npi
adjusted for date 30 Jun 2009 valuation date valuation Stabilised by area lease term 12 months to
ownership (a$m) [14] (a$m) cap rate (%) by income 30 Jun 2009
(‘000 sqm) (%) [13] (years) [9] (a$m) [10, 11]
20.0 Jul 2006 8.8 Jun 2009 8.9 9.75 100 1.1 1.6
11.3 Jul 2006 6.0 Jun 2009 5.9 9.70 100 0.7 1.0
27.3 Jul 2006 15.5 Jun 2009 15.5 9.90 32 1.8 0.3
8.5 Jul 2006 5.3 Jun 2009 5.2 9.10 100 3.1 0.6
15.9 Jul 2006 9.6 Jun 2009 9.6 9.75 100 2.9 1.1
27.4 Jul 2006 9.8 Jun 2009 9.7 10.50 50 1.1 0.8
27.7 Jan 2007 21.8 Jun 2009 21.7 6.80 100 4.1 1.9
19.2 Jan 2007 16.6 Jun 2009 16.5 6.70 100 4.1 1.4
20.5 Jan 2007 9.1 Jun 2009 9.0 7.50 92 4.0 1.2
21.4 Jan 2007 13.7 Jun 2009 13.7 7.60 100 0.5 1.1
10.1 Jan 2007 13.9 Jun 2009 13.9 6.60 100 7.4 1.3
9.0 Jan 2007 1.9 Jun 2009 1.9 7.90 100 3.4 0.2
15.5 Jan 2007 5.9 Jun 2009 5.9 8.20 100 0.6 0.5
11.8 Jan 2007 6.1 Jun 2009 6.1 7.50 100 4.5 0.7
26.3 Jan 2007 7.8 Jun 2009 7.8 7.40 85 2.7 0.8
27.1 Jan 2007 25.5 Jun 2009 25.6 6.80 100 2.3 2.8
13.8 Jun 2007 20.5 Jun 2009 20.5 6.70 100 4.3 1.9
25.4 Jan 2007 12.3 Jun 2009 12.3 6.70 68 5.2 1.1
11.1 Jan 2007 8.0 Jun 2009 8.0 7.80 100 2.6 0.8
27.4 Jan 2007 23.0 Jun 2009 23.0 6.70 100 4.6 1.8
40.0 oct 1984 270.0 Jun 2007 277.0 6.75 100 4.5 16.1
----- End of picture text -----

DEXUS propErty groUp ProPerty synoPsis 2009 15

maPS

aUStraLIan anD nEw ZEaLanD PortfoLIo

aUStraLIa

sydney

office

492,149m[2] 25.7% port/area $2,768m value 47.5% portfolio 18 properties

Industrial

452,900m[2] 23.7% port/area $818m value 14.1% portfolio 23 properties

MelboUrne

office

118,300m[2] 6.2% port/area $566m value 9.7% portfolio 6 properties

Industrial

572,900m[2] 30.0% port/area $597m value 10.3% portfolio 10 properties

perth

office

47,100m[2] 2.5% port/area $400m value 6.9% portfolio 1 property

Industrial

4,700m[2] 0.2% port/area $11m value 0.2% portfolio 1 property

nEw ZEaLanD

aUCkland

office

19,600m[2] 1.0% port/area $105m value 1.8% portfolio 1 property

retail

Canberra

office

22,600m[2] 1.2% port/area $89m value 1.5% portfolio

2 properties

brisbane

office

0m[2] 0.0% port/area $120m value 2.1% portfolio 1 property

Industrial

29,100m[2] 1.5% port/area $52m value 0.9% portfolio 2 properties

79,900m[2] 4.2% port/area $270m value 4.6% portfolio 1 property

adelaide

Industrial

72,100m[2] 3.8% port/area $26m value 0.4% portfolio 1 property

16 DEXUS ProPErty GroUP ProPerty synoPsis 2009

aUStraLIa

inDUstriAL ProPerties oFFiCe ProPerties retAiL ProPerties

nEw ZEaLanD

17

DEXUS ProPErty GroUP ProPerty synoPsis 2009

maPS north amErIcan PortfoLIo

UnItED StatES

atlanta

613,000sf 2.5% port/area Us$31m value 2.3% port/value 4 properties

baltiMore

1,420,000sf 5.9% port/area Us$107m value 8.1% port/value 9 properties

boston

153,000sf 0.6% port/area Us$8m value 0.6% port/value 1 property

Charlotte

884,000sf 3.7% port/area Us$28m value 2.1% port/value 3 properties

ChiCago

255,000sf 1.1% port/area Us$18m value 1.4% port/value 1 property

CinCinnati

MeMphis

riVerside

2,707,000sf 11.2% port/area Us$81m value 6.1% port/value 10 properties

336,000sf 1.4% port/area Us$5m value 0.4% port/value 1 property

3,232,000sf 13.4% port/area Us$169m value 12.9% port/value 7 properties

ColUMbUs

Minneapolis

san antonio

1,611,000sf 6.7% port/area Us$48m value 3.6% port/value 4 properties

1,118,000sf 4.6 % port/area Us$54m value 4.1% port/value 8 properties

1,048,000sf 4.3% port/area Us$69m value 5.3% port/value 12 properties

dallas

nth Virginia

san diego

2,275,000sf 9.4% port/area Us$101m value 7.7% port/value 18 properties

1,311,000sf 5.4% port/area Us$173m value 13.2% port/value 8 properties

354,000sf 1.5% port/area Us$29m value 2.2% port/value 3 properties

harrisbUrg

orlando

seattle

1,058,000sf 4.4% port/area Us$40m value 3.0% port/value 3 properties

1,894,000sf 7.8% port/area Us$85m value 6.4 % port/value 3 properties

531,000sf 2.2% port/area Us$33m value 2.5% port/value 3 properties

los angeles phoenix sth Florida 1,196,000sf 1,778,000sf 415,000sf 4.9 % port/area 7.4% port/area 1.7% port/area Us$113m value Us$91m value Us$32m value 8.6% port/value 6.9% port/value 2.4% port/value 5 properties 11 properties 2 properties

canaDa

toronto

755,000sf 100% port/area CAD$52m value 100% port/value 1 property

18 DEXUS ProPErty GroUP ProPerty synoPsis 2009

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

CANADA
UNItED StAtES
oF AMErICA
----- End of picture text -----

19

DEXUS propErty groUp ProPerty synoPsis 2009

maPS EUroPEan PortfoLIo

francE

paris

83,000m[2] 22.0% port/area ¤26m value 18.7% portfolio 5 properties

lyon

27,400m[2] 7.3% port/area ¤6m value 4.0% portfolio 1 property

GErmany

elhoFen

67,400m[2] 17.9% port/area ¤27m value 19.6% portfolio 3 properties

Friedewald

15,500m[2] 4.1% port/area ¤3m value 2.5% portfolio 1 property

knetzgaU

21,400m[2] 5.7% port/area ¤8m value 5.7% portfolio 1 property

langenFeld

36,500m[2] 9.7% port/area ¤12m value 8.4% portfolio 2 properties

langenweddingen

26,300m[2] 7.0% port/area ¤5m value 3.2% portfolio 1 property

löbaU

9,000m[2] 2.4% port/area ¤1m value 0.8% portfolio 1 property

Unna

27,400m[2] 7.3% port/area ¤13m value 9.5% portfolio 1 property

worMs

11,800m[2] 3.1% port/area ¤4m value 2.5% portfolio 1 property

dUisbUrg

27,100m[2] 7.2% port/area ¤15m value 10.6% portfolio 1 property

düsseldorF

13,800m[2] 3.7% port/area ¤12m value 8.5% portfolio 1 property

berlin

10,100m[2] 2.7% port/area ¤8m value 5.8% portfolio 1 property

20 DEXUS ProPErty GroUP ProPerty synoPsis 2009

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

GErmany
francE
----- End of picture text -----

21

DEXUS ProPErty GroUP ProPerty synoPsis 2009

oFFICE portFoLIo

AUStrALIA AND NEW ZEALAND

one Margaret street, sydney, nsW

22 DEXUS propErty groUp ProPerty synoPsis 2009

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Garema Court, 140-180 City Walk, Canberra, ACT

14 Moore Street, Canberra, ACT

Garema Court is located on City Walk, Civic, in Canberra’s CBD, close to Canberra’s shopping precinct, bus interchange and major car parks.

The property is a 14-level office tower, which was built in 1986. The building underwent a major refurbishment, which was completed in February 2002. The property is located at 14 Moore Street in the north-west quandrant of Civic, which is the main financial precinct in Canberra and caters for both public and private sector tenants.

Details

Details

Details Details
Metro area
Canberra CBD
BuildingType
A Grade - office
Title
Leasehold
Ownership (%)
100
Co-Owner
-
Year Built
1997
Site Area(ha)
0.2
Lettable Area(‘000m2)
11.5
Typical Floor Area(m2)
1,625
Number of Buildings
1
Car ParkingSpaces
68
Acquisition Date
Aug-2000
Acquisition Priceplus Additions(A$m)
44.1
Book Value(A$m)
48.0
Independent Valuation Date
Mar-2009
Independent Valuation(A$m)
50.6
Market CapRate(%)
8.25
Average Net PassingRent(A$/m2)
336.59
Average Net Market Rent(A$/m2)
342.44
Initial Yield(%)
8.98
Discount Rate(%)
9.50
Major Tenant Commonwealth of Australia(DEWRSB)
Leased ByArea(%)
99
Weighted Lease Term byIncome(years)
2.6
Available(%)
2
Year 2010(%)
3
Year 2011(%)
2
Year 2012(%)
87
Year 2013(%)
0
Year 2014(%)
2
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
4		 Metro area
Canberra CBD
BuildingType
B Grade - office
Title
Leasehold
Ownership (%)
100
Co-Owner
-
Year Built
1986
Site Area(ha)
0.2
Lettable Area(‘000m2)
11.1
Typical Floor Area(m2)
870
Number of Buildings
1
Car ParkingSpaces
63
Acquisition Date
May-2002
Acquisition Priceplus Additions(A$m)
38.3
Book Value(A$m)
41
Independent Valuation Date
Dec-2007
Independent Valuation(A$m)
49.5
Market CapRate(%)
8.5
Average Net PassingRent(A$/m2)
343.08
Average Net Market Rent(A$/m2)
309.16
Initial Yield(%)
9.9
Discount Rate(%)
9.25
Major Tenant Commonwealth of Australia(Comcare)
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
3.2
Available(%)
0
Year 2010(%)
1
Year 2011(%)
0
Year 2012(%)
9
Year 2013(%)
88
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
1

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The Zenith, 821 Pacific Highway, Chatswood, NSW

Refurbished in 2008, The Zenith is a twin-tower office complex, located in the commercial precinct in Chatswood, between the Pacific Highway and the North Shore railway line. The towers each have 21 levels of A-grade office accommodation. There is also ground floor retail space, a 250 seat theatre and 5 levels of basement parking.

Details

Details Details Details
Metro area
Chatswood
BuildingType
A Grade - office
Title
Freehold
Ownership (%)
50
Co-Owner
GPT Wholesale Office Fund
Year Built
1987
Site Area(ha)
0.8
Lettable Area(‘000m2)
44.30
Typical Floor Area(m2)
1,050
Number of Buildings
2
Car ParkingSpaces
799
Acquisition Date
Dec-1998
Acquisition Priceplus Additions(A$m)
110.4
Book Value(A$m)
110.0
Independent Valuation Date
Jun-2007
Independent Valuation(A$m)
130.0
Market CapRate(%)
8.25
Average Net PassingRent(A$/m2)
314.98
Average Net Market Rent(A$/m2)
364.48
Initial Yield(%)
6.88
Discount Rate(%)
9.25
Major Tenant
Ezipark
Leased ByArea(%)
82
Weighted Lease Term byIncome(years)
3.7
Available(%)
15
Year 2010(%)
20
Year 2011(%)
3
Year 2012(%)
13
Year 2013(%)
11
Year 2014(%)
13
Year 2015(%)
4
Year 2016(%)
4
Year 2017(%) 0
Year 2018(%) 3
Year 2019+(%) 14

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

oFFICE portFoLIo AUStrALIA CoNtINUED

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11 Talavera Road, Macquarie Park, NSW

40-50 Talavera Road, Macquarie Park, NSW

144 Wicks Road, Macquarie Park, NSW

The property is located in the Macquarie Park corridor approximately 10 kilometres north of the Sydney CBD. The office park consists of 3 modern office buildings, with two street frontages (inclusive of a wide frontage to Lane Cove Road), the estate has a very good exposure to passing traffic. The complex is also serviced by a childcare centre, gym and sporting facilities.

40-50 Talavera Road is a three-level office/ warehouse mixed building, with an approx. 50% office component. The building was partially refurbished in 1997 and upgraded by the Trust in 2007. The property is located at the corner of Talavera and Khartoum Roads in North Ryde, NSW. It has four different access points, which provides further flexibility for individual tenancies.

This 5.9ha development site, formerly the Peter Board High School, located in Macquarie Park in North Ryde is surrounded by Epping Road, Wicks Road and Waterloo Road. The surrounding developments predominately consist of high tech industrial and commercial uses. Master planning of the site has commenced for a Campus Office estate.

Details

Details

Details

Details Details Details
Metro area
Macquarie Park
BuildingType
Office Park
Title
Freehold
Ownership (%)
100
Co-Owner
-
Year Built
2000
Site Area(ha)
3.6
Lettable Area(‘000m2)
36.1
Typical Floor Area(m2)
-
Number of Buildings
3
Car ParkingSpaces
1,030
Acquisition Date
Apr-2002
Acquisition Priceplus Additions(A$m)
136
Book Value(A$m)
130.0
Independent Valuation Date
Jun-2008
Independent Valuation(A$m)
160.0
Market CapRate(%)
8.00
Average Net PassingRent(A$/m2)
290.08
Average Net Market Rent(A$/m2)
262.96
Initial Yield(%)
8.85
Discount Rate(%)
9
Major Tenant
Asia Pacific PtyLtd
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
2.3
Available(%)
0
Year 2010(%)
28
Year 2011(%)
36
Year 2012(%)
21
Year 2013(%)
1
Year 2014(%)
4
Year 2015(%)
0
Year 2016(%)
5
Year 2017(%)
5
Year 2018(%)
0
Year 2019+(%)
0		 Metro area
North Ryde
BuildingType
Business Park
Title
Freehold
Ownership (%)
100
Co-Owner
-
Year Built
1974
Site Area(ha)
2.5
Lettable Area(‘000m2)
12.9
Typical Floor Area(m2)
-
Number of Buildings
1
Car ParkingSpaces
328
Acquisition Date
Oct-2002
Acquisition Priceplus Additions(A$m)
33.1
Book Value(A$m)
29.2
Independent Valuation Date
Jun-2009
Independent Valuation(A$m)
29.2
Market CapRate(%)
8.50
Average Net PassingRent(A$/m2)
198.52
Average Net Market Rent(A$/m2)
172.28
Initial Yield(%)
10.31
Discount Rate(%)
9.50
Major Tenant
BAE Systems Australia Ltd
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
1.9
Available(%)
1
Year 2010(%)
27
Year 2011(%)
54
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
10
Year 2016(%)
8
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Metro area
Macquarie Park
BuildingType
Land
Title
Freehold
Ownership (%)
50
Co-Owner
DEXUS Wholesale PropertyFund
Year Built
-
Site Area(ha)
5.9
Lettable Area(‘000m2)
-
Typical Floor Area(m2)
-
Number of Buildings
-
Car ParkingSpaces
-
Acquisition Date
Nov-2006
Acquisition Priceplus Additions(A$m)
-
Book Value(A$m)
18.2
Independent Valuation Date
Aug-2006
Independent Valuation(A$m)
51.8
Market CapRate(%)
-
Average Net PassingRent(A$/m2)
-
Average Net Market Rent(A$/m2)
-
Initial Yield(%)
-
Discount Rate(%)
-
Major Tenant
-
Leased ByArea(%)
-
Weighted Lease Term byIncome(years)
-
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

24 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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Victoria Cross, 60 Miller Street, North Sydney, NSW

130 George Street & 105 Phillip Street, Parramatta, NSW

1 Bligh Street, Sydney, NSW

Victoria Cross is located in a prominent position within the North Sydney CBD. The building comprises 12 levels of office accommodation, ground and upper ground retail and three levels of basement parking for 180 vehicles. Construction is complete on a 5 level adjoining development, expanding the lower floors to over 2000 square metres.

A 16-level office tower of approximately 19,900 square metres. A major refurbishment of the property was completed in April 2006. Initial works to develop an additional office have commenced. The site has dual frontage and access to George and Phillip Streets, which constitutes the primary office precinct in Parramatta.

This development site is the consolidation of 5 adjoining assets being 2 & 4 O’Connell Street, 1 & 9 Bligh Street and O’Connell House, Sydney. DA has been approved for circa 42,000 square metres office tower.

Details

Details

Details

Details Details Details Details Details
Metro area
North Sydney
BuildingType
A Grade - office
Title
Freehold
Ownership (%)
100
Co-Owner
-
Year Built
1987
Site Area(ha)
0.4
Lettable Area(‘000m2)
19.2
Typical Floor Area(m2)
1,150
Number of Buildings
1
Car ParkingSpaces
180
Acquisition Date
Dec-1998
Acquisition Priceplus Additions(A$m)
112.0
Book Value(A$m)
120.0
Independent Valuation Date
Dec-2008
Independent Valuation(A$m)
124.8
Market CapRate(%)
7.50
Average Net PassingRent(A$/m2)
436.49
Average Net Market Rent(A$/m2)
470.74
Initial Yield(%)
4.66
Discount Rate(%)
9.00
Major Tenant
Carnival PLC
Leased ByArea(%)
97
Weighted Lease Term byIncome(years)
5.4
Available(%)
2
Year 2010(%)
0
Year 2011(%)
22
Year 2012(%)
8
Year 2013(%)
0
Year 2014(%)
10
Year 2015(%)
21
Year 2016(%)
0
Year 2017(%)
26
Year 2018(%)
0
Year 2019+(%)
11		 Metro area
Parramatta CBD
BuildingType
B Grade - office
Title
Freehold
Ownership (%)
100
Co-Owner
-
Year Built
1984
Site Area(ha)
1.0
Lettable Area(‘000m2)
19.9
Typical Floor Area(m2)
1,440
Number of Buildings
1
Car ParkingSpaces
352
Acquisition Date
May-1997
Acquisition Priceplus Additions(A$m)
81.9
Book Value(A$m)
82.0
Independent Valuation Date
Dec-2008
Independent Valuation(A$m)
90.0
Market CapRate(%)
8.5
Average Net PassingRent(A$/m2)
280.72
Average Net Market Rent(A$/m2)
290.37
Initial Yield(%)
7.12
Discount Rate(%)
9.5
Major Tenant
Commonwealth of Australia
(CSA/Medicare)
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
4.6
Available(%)
10
Year 2010(%)
15
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
1
Year 2014(%)
0
Year 2015(%)
16
Year 2016(%)
58
Year 2017(%)
0
Year 2018(%)
0		 Metro area
SydneyCBD
BuildingType
Premium Grade - office
Title
Freehold
Ownership (%)
30
Co-Owner
DEXUS Wholesale Property Fund
&Cbus Property
Year Built
-
Site Area(ha)
0.3
Lettable Area(‘000m2)
-
Typical Floor Area(m2)
-
Number of Buildings
-
Car ParkingSpaces
-
Acquisition Date
-
Acquisition Priceplus Additions(A$m)
-
Book Value(A$m)
85.2
Independent Valuation Date
-
Independent Valuation(A$m)
-
Market CapRate(%)
-
Average Net PassingRent(A$/m2)
-
Average Net Market Rent(A$/m2)
-
Initial Yield(%)
-
Discount Rate(%)
-
Major Tenant
Clayton Utz
Leased ByArea(%)
-
Weighted Lease Term byIncome(years)
-
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%) 0
Year 2017(%)
Year 2018(%)		 0
0



Year 2019+(%)
0

Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

oFFICE portFoLIo AUStrALIA CoNtINUED

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45 Clarence Street, Sydney, NSW

201-217 Elizabeth Street, Sydney, NSW

Governor Phillip & Macquarie Tower Complex, 1 Farrer Place, Sydney, NSW

A modern A-grade office building located in the western corridor of the Sydney CBD overlooking Darling Harbour, this high rise building includes 28 levels of office accommodation and five levels of basement parking. Major upgrade works to the upper levels, lobby and lifts were completed in 2005.

Details

The building is a prominent A-grade 42 level office tower directly opposite Sydney’s Hyde Park. It comprises 34 levels of office accommodation, a lower ground plaza of retail shops and two basement parking levels. Major refurbishment in 1994.

Details

Governor Phillip Tower and Governor Macquarie Tower are amongst Sydney’s leading premium grade commercial office buildings. The complex is located in the heart of Sydney’s financial district. The complex consists of Governor Phillip Tower, a 64 level premium office building; Governor Macquarie Tower, a 42 level premium office building; Phillip Street Terraces, five restored historic terraces; and nine levels of basement parking for 654 cars.

Details

Details
completed in 2005.		 Details Details
building; Governor Macquarie Tower, a 42 level
premium office building; Phillip Street Terraces,
five restored historic terraces; and nine levels of
basement parking for 654 cars.
Metro area
SydneyCBD
BuildingType
A Grade - office
Title
Freehold
Ownership (%)
100
Co-Owner
-
Year Built
1990
Site Area(ha)
0.4
Lettable Area(‘000m2)
32.2
Typical Floor Area(m2)
1,250
Number of Buildings
1
Car ParkingSpaces
162
Acquisition Date
Dec-1998
Acquisition Priceplus Additions(A$m)
222.1
Book Value(A$m)
250.0
Independent Valuation Date
Jun-2009
Independent Valuation(A$m)
250.0
Market CapRate(%)
7.25
Average Net PassingRent(A$/m2)
482.28
Average Net Market Rent(A$/m2)
543.41
Initial Yield(%)
6.55
Discount Rate(%)
9.00
Major Tenant
HBOS Australia PtyLtd
Leased ByArea(%)
98
Weighted Lease Term byIncome(years)
3.4
Available(%)
2
Year 2010(%)
12
Year 2011(%)
4
Year 2012(%)
26
Year 2013(%)
36
Year 2014(%)
0
Year 2015(%)
8
Year 2016(%)
13
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Metro area
SydneyCBD
BuildingType
A Grade - office
Title
Freehold
Ownership (%)
50
Co-Owner
Perron Investments
Year Built
1993
Site Area(ha)
0.4
Lettable Area(‘000m2)
38.9
Typical Floor Area(m2)
1,085
Number of Buildings
1
Car ParkingSpaces
175
Acquisition Date
Aug-2000
Acquisition Priceplus Additions(A$m)
120.3
Book Value(A$m)
140
Independent Valuation Date
Jun-2009
Independent Valuation(A$m)
140.0
Market CapRate(%)
7.50
Average Net PassingRent(A$/m2)
467.55
Average Net Market Rent(A$/m2)
527.42
Initial Yield(%)
7.01
Discount Rate(%)
8.75
Major Tenant
State of NSW
Leased ByArea(%)
94
Weighted Lease Term byIncome(years)
3.7
Available(%)
6
Year 2010(%)
8
Year 2011(%)
14
Year 2012(%)
2
Year 2013(%)
30
Year 2014(%)
3
Year 2015(%)
31
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
4
Year 2019+(%)
1		 Metro area
SydneyCBD
BuildingType
Premium Grade - office
Title
Freehold
Ownership (%)
50
Co-Owner
General Property Trust & Australian
Prime PropertyFund
Year Built
1993
Site Area(ha)
0.6
Lettable Area(‘000m2)
87.1
Typical Floor Area(m2)
1,460
Number of Buildings
3
Car ParkingSpaces
654
Acquisition Date
Dec-1998
Acquisition Priceplus Additions(A$m)
493.8
Book Value(A$m)
615.0
Independent Valuation Date
Dec-2008
Independent Valuation(A$m)
680.0
Market CapRate(%)
6.57
Average Net PassingRent(A$/m2)
819.62
Average Net Market Rent(A$/m2)
889.86
Initial Yield(%)
6.32
Discount Rate(%)
8.50
Major Tenant
Mallesons Stephen Jaques
Leased ByArea(%)
97
Weighted Lease Term byIncome(years)
5.3
Available(%)
3
Year 2010(%)
3
Year 2011(%)
3
Year 2012(%)
4
Year 2013(%)
13
Year 2014(%)
18
Year 2015(%)
18
Year 2016(%)
14
Year 2017(%)
24
Year 2018(%)
0
Year 2019+(%)
0

26 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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Australia Square Complex, 264278 George Street, Sydney, NSW

343 George Street, Sydney, NSW

30 The Bond, 30-34 Hickson Road, Sydney, NSW

One of Sydney’s most enduring prime office properties, Australia Square is situated in the heart of Sydney’s CBD. The complex comprises a 48-level circular Tower and the smaller 13-level Plaza building. The external Plaza courtyard is a feature of this landmark building. Major upgrade works to the public areas and to the Plaza building were completed in the first half of 2004.

Heritage listed commercial building comprising 11 office floors, ground floor retail and basement storage. The building is the head office of DEXUS Property Group.

This contemporary office building was the first in Australia to achieve a 5-star Australian Building Greenhouse Rating. Located at Millers Point, the building provides over 19,700 square metres of office space and basement parking for 113 cars. The building features the very latest in environmental design, including chilled beam air-conditioning, a first for a office building in Australia.

Details

Details

Details

Details Details Details Details Details Details Details
Metro area
SydneyCBD
BuildingType
A Grade - office
Title
Freehold
Ownership (%)
50
Co-Owner
General PropertyTrust
Year Built
1964
Site Area(ha)
0.6
Lettable Area(‘000m2)
52.7
Typical Floor Area(m2)
1,020
Number of Buildings
2
Car ParkingSpaces
400
Acquisition Date
Aug-2000
Acquisition Priceplus Additions(A$m)
211.0
Book Value(A$m)
267.0
Independent Valuation Date
Dec-2007
Independent Valuation(A$m)
312.5
Market CapRate(%)
7.25
Average Net PassingRent(A$/m2)
611.91
Average Net Market Rent(A$/m2)
668.69
Initial Yield(%)
7.20
Discount Rate(%)
8.75
Major Tenant
Origin Energy
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
4.7
Available(%)
0
Year 2010(%)
10
Year 2011(%)
12
Year 2012(%)
10
Year 2013(%)
18
Year 2014(%)
10
Year 2015(%)
15
Year 2016(%)
8
Year 2017(%)
1
Year 2018(%)
4
Year 2019+(%)
13		 Metro area
SydneyCBD
BuildingType
B Grade - office
Title
Freehold
Ownership (%)
100
Co-Owner
-
Year Built
1923
Site Area(ha)
0.1
Lettable Area(‘000m2)
9.4
Typical Floor Area(m2)
940
Number of Buildings
1
Car ParkingSpaces
-
Acquisition Date
Dec-2004
Acquisition Priceplus Additions(A$m)
-
Book Value(A$m)
56.0
Independent Valuation Date
Dec-2004
Independent Valuation(A$m)
44.0
Market CapRate(%)
-
Average Net PassingRent(A$/m2)
414.45
Average Net Market Rent(A$/m2)
473.11
Initial Yield(%)
-
Discount Rate(%)
-
Major Tenant
DEXUS PropertyGroup
Leased ByArea(%)
86
Weighted Lease Term byIncome(years)
1.8
Available(%)
12
Year 2010(%)
21
Year 2011(%)
34
Year 2012(%)
7
Year 2013(%)
16
Year 2014(%)
10
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Metro area
SydneyCBD
BuildingType
A Grade - office
Title
Freehold
Ownership (%)
100
Co-Owner
-
Year Built
2004
Site Area(ha)
0.4
Lettable Area(‘000m2)
19.8
Typical Floor Area(m2)
2,000
Number of Buildings
1
Car ParkingSpaces
113
Acquisition Date
May-2002
Acquisition Priceplus Additions(A$m)
118.0
Book Value(A$m)
150.0
Independent Valuation Date
Dec-2008
Independent Valuation(A$m)
170.0
Market CapRate(%)
7.25
Average Net PassingRent(A$/m2)
500.47
Average Net Market Rent(A$/m2)
540.46
Initial Yield(%)
7.05
Discount Rate(%)
8.75
Major Tenant
Lend Lease Corporation Limited
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
4.4
Available(%)
0
Year 2010(%)
10
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
90
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%) 0
Year 2018(%)
 0
Year 2019+(%) 0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

oFFICE portFoLIo AUStrALIA CoNtINUED

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309-321 Kent Street, Sydney, NSW

383-395 Kent Street, Sydney, NSW

One Margaret Street, Sydney, NSW

A two-office tower complex located in the western corridor of the Sydney CBD overlooking Darling Harbour. The complex comprises 36 levels of office accommodation, with 19 levels in 321 Kent Street and 17 levels in Lumely House (309 Kent Street), a ground level retail plaza and five levels of basement parking.

A 14-level A-Grade office tower which was completed in May 2002. The tower was constructed above the Trust’s car park. 383 Kent Street is located along the western corridor of Sydney and has dual frontage to Kent and Sussex Streets.

One Margaret Street is located in the western corridor of the Sydney CBD overlooking Darling Harbour. The building includes 18 levels of A-grade office accommodation and three levels of car parking for 103 vehicles. The building was completely refurbished in 2002.

Details

Details

Details

Details Details Details
Metro area
SydneyCBD
BuildingType
A Grade - office
Title
Freehold
Ownership (%)
50
Co-Owner
AMP
Year Built
1976
Site Area(ha)
0.6
Lettable Area(‘000m2)
47.1
Typical Floor Area(m2)
1,060
Number of Buildings
2
Car ParkingSpaces
497
Acquisition Date
Dec-1998
Acquisition Priceplus Additions(A$m)
171.2
Book Value(A$m)
177.0
Independent Valuation Date
Dec-2008
Independent Valuation(A$m)
199.2
Market CapRate(%)
7.32
Average Net PassingRent(A$/m2)
462.58
Average Net Market Rent(A$/m2)
496.10
Initial Yield(%)
6.88
Discount Rate(%)
8.82
Major Tenant
Sparke Helmore
Leased ByArea(%)
97
Weighted Lease Term byIncome(years)
5.3
Available(%)
3
Year 2010(%)
10
Year 2011(%)
9
Year 2012(%)
1
Year 2013(%)
19
Year 2014(%)
0
Year 2015(%)
2
Year 2016(%)
23
Year 2017(%)
20
Year 2018(%)
0
Year 2019+(%)
13		 Metro area
SydneyCBD
BuildingType
A Grade - office
Title
Freehold
Ownership (%)
100
Co-Owner
-
Year Built
2002
Site Area(ha)
0.4
Lettable Area(‘000m2)
18.1
Typical Floor Area(m2)
1,577
Number of Buildings
1
Car ParkingSpaces
55
Acquisition Date
Sep-1987
Acquisition Priceplus Additions(A$m)
106.3
Book Value(A$m)
120.0
Independent Valuation Date
Jun-2008
Independent Valuation(A$m)
153.0
Market CapRate(%)
7.50
Average Net PassingRent(A$/m2)
466.66
Average Net Market Rent(A$/m2)
509.28
Initial Yield(%)
6.44
Discount Rate(%)
8.75
Major Tenant
Grant Thorton
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
2.5
Available(%)
0
Year 2010(%)
45
Year 2011(%)
0
Year 2012(%)
4
Year 2013(%)
35
Year 2014(%)
0
Year 2015(%)
14
Year 2016(%)
0
Year 2017(%)
1
Year 2018(%)
0
Year 2019+(%)
0		 Metro area
SydneyCBD
BuildingType
A Grade - office
Title
Freehold
Ownership (%)
100
Co-Owner
-
Year Built
1984
Site Area(ha)
0.2
Lettable Area(‘000m2)
20.8
Typical Floor Area(m2)
1,000
Number of Buildings
1
Car ParkingSpaces
103
Acquisition Date
Dec-1998
Acquisition Priceplus Additions(A$m)
144.9
Book Value(A$m)
170.00
Independent Valuation Date
Dec-2007
Independent Valuation(A$m)
200.0
Market CapRate(%)
7.25
Average Net PassingRent(A$/m2)
534.57
Average Net Market Rent(A$/m2)
537.82
Initial Yield(%)
7.20
Discount Rate(%)
8.75
Major Tenant
PKF Services
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
4.6
Available(%)
1
Year 2010(%)
2
Year 2011(%)
13
Year 2012(%)
0
Year 2013(%)
24
Year 2014(%)
18
Year 2015(%)
33
Year 2016(%)
0
Year 2017(%)
9
Year 2018(%)
0
Year 2019+(%)
0

28 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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44 Market Street, Sydney, NSW

123 Albert Street, Brisbane, QLD

Flinders Gate Complex, 172 Flinders Street and 189 Flinders Lane, Melbourne, VIC

A 26-level freestanding office tower. The building is of A-Grade standing following a substantial upgrade in 1996. It is located along the western corridor of the Sydney CBD at the corner of Market, York and Clarence Streets.

A 31-level, 38,000 square metre A-grade office tower has been designed to achieve a 6 Star Green Star rating and a 5 star Australian Building Greenhouse Rating. Construction has commenced on the tower, comprising of 23 levels of office space, eight levels of car parking (five above ground) with low rise floors of about 1,570 square metres and high rise floors up to 1,630 square metres.

Flinders Gate comprises two small boutique office buildings totalling around 9,000 square metres. They have undergone progressive refurbishment since their acquisition by the Trust in 1999. The buildings are located close to Flinders Street Station, Swanston Street and, in the case of 172 Flinders Street, opposite Federation Square.

Details

Details

Details

Details Details Details Details Details Details Details
Metro area
SydneyCBD
BuildingType
A Grade - office
Title
Strata
Ownership (%)
100
Co-Owner
-
Year Built
1978
Site Area(ha)
0.3
Lettable Area(‘000m2)
30.2
Typical Floor Area(m2)
1,000
Number of Buildings
1
Car ParkingSpaces
138
Acquisition Date
Sep-1987
Acquisition Priceplus Additions(A$m)
181.7
Book Value(A$m)
190.0
Independent Valuation Date
Jun-2008
Independent Valuation(A$m)
225.0
Market CapRate(%)
7.5
Average Net PassingRent(A$/m2)
425.63
Average Net Market Rent(A$/m2)
489.19
Initial Yield(%)
6.74
Discount Rate(%)
8.75
Major Tenant
Maunsell Australia PtyLtd
Leased ByArea(%)
95
Weighted Lease Term byIncome(years)
3
Available(%)
6
Year 2010(%)
21
Year 2011(%)
20
Year 2012(%)
10
Year 2013(%)
11
Year 2014(%)
10
Year 2015(%)
10
Year 2016(%)
1
Year 2017(%)
3
Year 2018(%)
6
Year 2019+(%)
2		 Metro area
Brisbane CBD
BuildingType
Premium Grade - office
Title
Freehold
Ownership (%)
100
Co-Owner
-
Year Built
-
Site Area(ha)
0.4
Lettable Area(‘000m2)
-
Typical Floor Area(m2)
-
Number of Buildings
-
Car ParkingSpaces
-
Acquisition Date
Oct-1984
Acquisition Priceplus Additions(A$m)
-
Book Value(A$m)
119.7
Independent Valuation Date
Jun-2006
Independent Valuation(A$m)
38.5
Market CapRate(%)
-
Average Net PassingRent(A$/m2)
-
Average Net Market Rent(A$/m2)
-
Initial Yield(%)
-
Discount Rate(%)
-
Major Tenant
Rio Tinto Services Ltd
Leased ByArea(%)
-
Weighted Lease Term byIncome(years)
-
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Metro area
Melbourne CBD
BuildingType
B Grade - office
Title
Freehold
Ownership (%)
100
Co-Owner
-
Year Built
1920
Site Area(ha)
0.4
Lettable Area(‘000m2)
8.7
Typical Floor Area(m2)
650
Number of Buildings
2
Car ParkingSpaces
-
Acquisition Date
Mar-1999
Acquisition Priceplus Additions(A$m)
16.4
Book Value(A$m)
22.0
Independent Valuation Date
Dec-2008
Independent Valuation(A$m)
25.2
Market CapRate(%)
8.75
Average Net PassingRent(A$/m2)
219.52
Average Net Market Rent(A$/m2)
252.65
Initial Yield(%)
8.19
Discount Rate(%)
10.00
Major Tenant
State of Victoria(Film Victoria)
Leased ByArea(%)
91
Weighted Lease Term byIncome(years)
2.4
Available(%)
8
Year 2010(%)
13
Year 2011(%)
7
Year 2012(%)
34
Year 2013(%)
26
Year 2014(%)
11
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%) 0
Year 2018(%)
 0
Year 2019+(%) 0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

oFFICE portFoLIo AUStrALIA CoNtINUED

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8 Nicholson Street, Melbourne, VIC

Southgate Complex, 3 Southgate Avenue, Southbank, VIC

Woodside Plaza, 240 St Georges Terrace, Perth, WA

A freestanding 18-level office tower with 3 levels of basement parking. It is located on the eastern edge of the Melbourne CBD close to Parliament Station. The property is located in a State/Federal Government precinct.

The Southgate Complex is one of Melbourne’s most prestigious commercial and retail properties, located on the banks of the Yarra River in the Southbank arts leisure precinct of Melbourne. The complex comprises two highquality office towers, IBM and HWT, of 29 and 24 levels respectively, a three level retail plaza and a large underground car park for 1,041 vehicles.

Woodside Plaza is Perth’s newest premiumgrade office building, located in a prime position along the northern side of St Georges Terrace. The building comprises over 47,000 square metres of office space over 24 levels, a ground floor retail arcade and basement parking for 247 cars.

Details

Details

Details

Details Details Details
Metro area
Melbourne CBD
BuildingType
A Grade - office
Title
Freehold
Ownership (%)
100
Co-Owner
-
Year Built
1991
Site Area(ha)
0.3
Lettable Area(‘000m2)
23.5
Typical Floor Area(m2)
1,650
Number of Buildings
1
Car ParkingSpaces
91
Acquisition Date
Nov-1993
Acquisition Priceplus Additions(A$m)
70.3
Book Value(A$m)
85.0
Independent Valuation Date
Jun-2009
Independent Valuation(A$m)
85
Market CapRate(%)
8.50
Average Net PassingRent(A$/m2)
341.68
Average Net Market Rent(A$/m2)
317.99
Initial Yield(%)
9.60
Discount Rate(%)
9.50
Major Tenant
State of Victoria
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
4.0
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
100
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Metro area
Melbourne CBD
BuildingType
A Grade - office
Title
Freehold
Ownership (%)
100
Co-Owner
-
Year Built
1992
Site Area(ha)
2.1
Lettable Area(‘000m2)
76.3
Typical Floor Area(m2)
1,250
Number of Buildings
3
Car ParkingSpaces
1,041
Acquisition Date
Aug-2000
Acquisition Priceplus Additions(A$m)
368.5
Book Value(A$m)
340.0
Independent Valuation Date
Jun-2009
Independent Valuation(A$m)
340.0
Market CapRate(%)
8.19
Average Net PassingRent(A$/m2)
338.44
Average Net Market Rent(A$/m2)
348.10
Initial Yield(%)
8.61
Discount Rate(%)
9.27
Major Tenant
IBM Australia Limited
Leased ByArea(%)
98
Weighted Lease Term byIncome(years)
5.4
Available(%)
2
Year 2010(%)
7
Year 2011(%)
4
Year 2012(%)
11
Year 2013(%)
3
Year 2014(%)
5
Year 2015(%)
2
Year 2016(%)
37
Year 2017(%)
0
Year 2018(%)
3
Year 2019+(%)
26		 Metro area
Perth CBD
BuildingType
Premium Grade - office
Title
Freehold
Ownership (%)
100
Co-Owner
-
Year Built
2003
Site Area(ha)
0.6
Lettable Area(‘000m2)
47.1
Typical Floor Area(m2)
2,000
Number of Buildings
1
Car ParkingSpaces
247
Acquisition Date
Jan-2001
Acquisition Priceplus Additions(A$m)
240.1
Book Value(A$m)
400.0
Independent Valuation Date
Jun-2008
Independent Valuation(A$m)
446.5
Market CapRate(%)
8.50
Average Net PassingRent(A$/m2)
558.83
Average Net Market Rent(A$/m2)
746.15
Initial Yield(%)
6.96
Discount Rate(%)
8.50
Major Tenant Woodside EnergyCorporation Limited
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
7.9
Available(%)
0
Year 2010(%)
5
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
17
Year 2015(%)
7
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
72

30 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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Lumley Centre, 88 Shortland Street, Auckland

A premium grade office tower located within the Auckland CBD which was completed in October 2005. The tower is fully tenanted to major legal and insurance companies.

Details

Details
Metro area Auckland CBD
BuildingType Premium Grade - office
Title Freehold
Ownership (%) 100
Co-Owner -
Year Built 2005
Site Area(ha) 0.5
Lettable Area(‘000m2) 19.6
Typical Floor Area(m2) 1,315
Number of Buildings 1
Car ParkingSpaces 194
Acquisition Date Aug-2004
Acquisition Priceplus Additions(NZ$m) 113.29
Book Value(NZ$m) 130.0
Independent Valuation Date Jun-2008
Independent Valuation(NZ$m) 155.0
Market CapRate(%) 8.00
Average Net PassingRent(NZ$/m2) 436.05
Average Net Market Rent(NZ$/m2) 478.42
Initial Yield(%) 7.68
Discount Rate(%) 9.75
Major Tenant Simpson Grierson
Leased byArea(%) 100
Weighted Lease Term byIncome(years) 6.7
Available(%) 0
Year 2010(%) 0
Year 2011(%) 0
Year 2012(%) 3
Year 2013(%) 0
Year 2014(%) 0
Year 2015(%) 28
Year 2016(%) 27
Year 2017(%) 0
Year 2018(%) 43
Year 2019+(%) 0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

car Park PortfoLIo aUStraLIa

Flinders Gate Complex, 172 Flinders street & 189 Flinders Lane, Melbourne, ViC

32 DEXUS ProPErty GroUP ProPerty synoPsis 2009

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383-395 Kent Street, Sydney, NSW

32-44 Flinders Street, Melbourne, VIC

Flinders Gate Complex, 172 Flinders Street, Melbourne, VIC

A 785 bay car park below an 18,000 square metre office tower, which is also owned by the Trust and was completed in May 2002. It is located along the western corridor of the Sydney CBD and has dual street frontage with Kent and Sussex Streets.

A 530 bay car park built over 10 levels, which was constructed in 1998. It services residential and office patrons, as well as entertainment, including the MCG, Melbourne Park and Federation Square. Located at the “Paris” end of Flinders Street with dual access to Flinders Lane.

A 1,077 bay car park attached to two small office buildings also owned by the Trust. It is located centrally in the Melbourne CBD diagonally opposite Flinders Street Railway Station and directly opposite Federation Square.

Details

Details

Details

Details Details Details
Metro area
SydneyCBD
BuildingType
Carpark
Title
Freehold
Ownership (%)
100
Zoning
CityCentre
Year Built
1977
Lettable Area(‘000m2)
3.6
Car ParkingSpaces
785
Acquisition Date
Sep-1987
Acquisition Priceplus Additions(A$m)
30.7
Book Value(A$m)
58.0
Independent Valuation Date
Jun-2008
Independent Valuation(A$m)
65.0
Market CapRate(%)
7.75
Average Net PassingRent(A$/m2)
-
Average Net Market Rent(A$/m2)
-
Initial Yield(%)
8.65
Discount Rate(%)
9.00
Major Tenant
S&K Parking
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
10.0
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
100		 Metro area
Melbourne CBD
BuildingType
Carpark
Title
Freehold
Ownership (%)
100
Zoning
Capital CityZone 1
Year Built
1998
Lettable Area(‘000m2)
2.1
Car ParkingSpaces
530
Acquisition Date
Jun-1998
Acquisition Priceplus Additions(A$m)
21.8
Book Value(A$m)
34.0
Independent Valuation Date
Dec-2008
Independent Valuation(A$m)
38.8
Market CapRate(%)
8.75
Average Net PassingRent(A$/m2)
-
Average Net Market Rent(A$/m2)
-
Initial Yield(%)
8.58
Discount Rate(%)
10.50
Major Tenant
S&K Parking
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
9.5
Available(%)
0
Year 2010(%)
1
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
1
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
24
Year 2019+(%)
75		 Metro area
Melbourne CBD
BuildingType
Carpark
Title
Freehold
Ownership (%)
100
Zoning
Capital CityZone 1
Year Built
1998
Lettable Area(‘000m2)
4.2
Car ParkingSpaces
1,077
Acquisition Date
Mar-1999
Acquisition Priceplus Additions(A$m)
47.7
Book Value(A$m)
49.0
Independent Valuation Date
Dec-2008
Independent Valuation(A$m)
54.6
Market CapRate(%)
9.00
Average Net PassingRent(A$/m2)
-
Average Net Market Rent(A$/m2)
-
Initial Yield(%)
8.84
Discount Rate(%)
10.00
Major Tenant
S&K Parking
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
10.0
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
100

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

CAr pArK portFoLIo AUStrALIA CoNtINUED

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34-60 Little Collins Street, Melbourne, VIC

A 960 bay, freestanding car park with a coffee shop and rental car outlet on the ground floor. It is located in the eastern corridor of the Melbourne CBD providing convenient access to Melbourne’s premium office and entertainment precincts.

Details

Details
Metro area Melbourne CBD
BuildingType Carpark
Title Leasehold
Ownership (%) 100
Zoning Capital CityZone
Year Built 1965
Lettable Area(‘000m2) 3.5
Car ParkingSpaces 960
Acquisition Date Nov-1984
Acquisition Priceplus Additions(A$m) 16.8
Book Value(A$m) 36.0
Independent Valuation Date Dec-2008
Independent Valuation(A$m) 40.9
Market CapRate(%) 9.50
Average Net PassingRent(A$/m2) -
Average Net Market Rent(A$/m2) -
Initial Yield(%) 9.97
Discount Rate(%) 10.50
Major Tenant S&K Parking
Leased ByArea(%) 100
Weighted Lease Term byIncome(years) 9.9
Available(%) 0
Year 2010(%) 0
Year 2011(%) 0
Year 2012(%) 1
Year 2013(%) 0
Year 2014(%) 1
Year 2015(%) 0
Year 2016(%) 0
Year 2017(%) 0
Year 2018(%) 0
Year 2019+(%) 98

34 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo AUStrALIA

DeXUs industrial estate, Boundary road, Laverton north, ViC

35

DEXUS propErty groUp ProPerty synoPsis 2009

INDUStrIAL portFoLIo AUStrALIA CoNtINUED

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52 Holbeche Road, Arndell Park, NSW

79-97 St Hilliers Road, Auburn, NSW

3 Brookhollow Avenue, Baulkham Hills, NSW

The property is located at the intersection of Holbeche Road and Martha Street at Arndell Park, an established industrial suburb located along the M4 corridor within western Sydney. Arndell Park is approximately 10 kilometres west of Parramatta and 35 kilometres from the Sydney CBD.

St Hilliers Estate is situated on the north eastern side of Parramatta Rd and St Hilliers Rd at Auburn, approximately 20 kilometres west of the Sydney CBD and four kilometres south-east of the Parramatta CBD. Entry and exit points to the M4 Motorway are situated 400 metres to the north.

Norwest Business Park is one of Australia’s leading technology and business parks and provides campus style office, high-technology and manufacturing/production facilities within proximity to the M2 Motorway, providing rapid access to the Sydney CBD. 3 Brookhollow Avenue has extensive frontage to both Norwest Boulevard and Brookhollow Avenue

Details

Details

Details

Details Details Details
Metro area
Sydney,Outer West
BuildingType
Distribution Centre
Title
Freehold
Ownership (%)
100
Zoning
General Industrial 4(a)
Year Built
1999
Site Area(ha)
1.9
Lettable Area(‘000m2)
9.6
Site Coverage(%)
52
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000m2)
9.6
Office Content(%)
6
Car ParkingSpaces
54
Acquisition Date
Jul-1998
Acquisition Priceplus Additions(A$m)
11.4
Book Value(A$m)
11.3
Independent Valuation Date
Jun-2008
Independent Valuation(A$m)
13.5
Market CapRate(%)
8.75
Average Net PassingRent(A$/m2)
116.94
Average Net Market Rent(A$/m2)
105.00
Initial Yield(%)
9.98
Discount Rate(%)
10.00
Major Tenant DHL Exel SupplyChain(Aust)PtyLtd
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
5.1
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
100
Year 2016(%)
0		 Metro area
Sydney,Inner West
BuildingType
Business Park
Title
Freehold
Ownership (%)
100
Zoning
Industrial Enterprise Zone 4(c)
Year Built
1989
Site Area(ha)
3.5
Lettable Area(‘000m2)
25.8
Site Coverage(%)
74
Number of Buildings
2
Number of Units
13
Average Unit Size(‘000m2)
2
Office Content(%)
42
Car ParkingSpaces
466
Acquisition Date
Sep-1997
Acquisition Priceplus Additions(A$m)
40.9
Book Value(A$m)
40.0
Independent Valuation Date
Jun-2007
Independent Valuation(A$m)
40.0
Market CapRate(%)
9.00
Average Net PassingRent(A$/m2)
141.40
Average Net Market Rent(A$/m2)
138.09
Initial Yield(%)
8.60
Discount Rate(%)
9.75
Major Tenant
Legrand Australia PtyLtd
Leased ByArea(%)
97
Weighted Lease Term byIncome(years)
2.5
Available(%)
6
Year 2010(%)
8
Year 2011(%)
18
Year 2012(%)
34
Year 2013(%)
10
Year 2014(%)
24
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Sydney,Outer West
BuildingType
Business Park
Title
Freehold
Ownership (%)
100
Zoning
Employment area 10(a)
Year Built
1995
Site Area(ha)
5.2
Lettable Area(‘000m2)
13.4
Site Coverage(%)
26
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000m2)
13.4
Office Content(%)
100
Car ParkingSpaces
163
Acquisition Date
Dec-2002
Acquisition Priceplus Additions(A$m)
36.7
Book Value(A$m)
52.4
Independent Valuation Date
Jun-2008
Independent Valuation(A$m)
44.8
Market CapRate(%)
9.25
Average Net PassingRent(A$/m2)
283.96
Average Net Market Rent(A$/m2)
250.00
Initial Yield(%)
9.30
Discount Rate(%)
9.50
Major Tenant IBM Global Services Australia Limited
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
4.3
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
100
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

36 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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1 Garigal Road, Belrose, NSW

2 Minna Close, Belrose, NSW

The property is situated on the south western corner of the intersection of Garigal Rd and Forest Way at Belrose within Austlink Business Park. Austlink Business Park is located approximately 24 kilometres north west of the Sydney CBD.

The property is located in the Austlink Business Park, Belrose, approximately 24 kilometres north west of the Sydney CBD with access off Minna Close and frontage to Mona Vale Road, Belrose. Mona Vale Road (Route 3) provides a major ring road from the northern suburbs of Sydney to the western and southern regions.

Details

Details

Details Details
Metro area
Sydney,North
BuildingType
Business Park
Title
Freehold
Ownership (%)
100
Zoning
LocalityC9 Austlink Business Park
Year Built
1992
Site Area(ha)
2.6
Lettable Area(‘000m2)
12.7
Site Coverage(%)
49
Number of Buildings
1
Number of Units
2
Average Unit Size(‘000m2)
6.3
Office Content(%)
48
Car ParkingSpaces
300
Acquisition Date
Dec-1998
Acquisition Priceplus Additions(A$m)
23.7
Book Value(A$m)
24
Independent Valuation Date
Jun-2009
Independent Valuation(A$m)
24.0
Market CapRate(%)
8.75
Average Net PassingRent(A$/m2)
205.37
Average Net Market Rent(A$/m2)
172.55
Initial Yield(%)
11.58
Discount Rate(%)
10.25
Major Tenant
Panasonic Australia PtyLtd
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
2.6
Available(%)
0
Year 2010(%)
0
Year 2011(%)
76
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
24
Year 2016(%)
0		 Metro area
Sydney,North
BuildingType
Business Park
Title
Freehold
Ownership (%)
100
Zoning
LocalityC9 Austlink Business Park
Year Built
1993
Site Area(ha)
2.6
Lettable Area(‘000m2)
13.4
Site Coverage(%)
52
Number of Buildings
1
Number of Units
7
Average Unit Size(‘000m2)
1.9
Office Content(%)
74
Car ParkingSpaces
454
Acquisition Date
Dec-1998
Acquisition Priceplus Additions(A$m)
37.0
Book Value(A$m)
27.6
Independent Valuation Date
Jun-2009
Independent Valuation(A$m)
27.6
Market CapRate(%)
9.00
Average Net PassingRent(A$/m2)
207.99
Average Net Market Rent(A$/m2)
202.50
Initial Yield(%)
7.71
Discount Rate(%)
9.50
Major Tenant
Getronics PtyLtd
Leased ByArea(%)
70
Weighted Lease Term byIncome(years)
4.1
Available(%)
24
Year 2010(%)
3
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
45
Year 2016(%)
28
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

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3-7 Bessemer Street, Blacktown, NSW

The property forms part of the comprehensive, old established Blacktown Industrial area situated three kilometres north of the commercial/retail centre of Blacktown. Bessemer Street extends off the western side of Sunnyholt Road which forms part of a major north-south road system extending from the Great Western Highway and M4 Motorway north to the Old Windsor & Windsor Roads.

Details

Details Details Details Details Details
Metro area
Sydney,Outer West
BuildingType
Distribution Centre
Title
Freehold
Ownership (%)
100
Zoning
General Industrial 4(a)
Year Built
1995
Site Area(ha)
1.6
Lettable Area(‘000m2)
8.1
Site Coverage(%)
50
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000m2)
8.1
Office Content(%)
42
Car ParkingSpaces
101
Acquisition Date
Jun-1997
Acquisition Priceplus Additions(A$m)
11.2
Book Value(A$m)
9.1
Independent Valuation Date
Dec-2008
Independent Valuation(A$m)
9.9
Market CapRate(%)
9.25
Average Net PassingRent(A$/m2)
121.42
Average Net Market Rent(A$/m2)
110.00
Initial Yield(%)
10.74
Discount Rate(%)
10.75
Major Tenant
Atlas Copco Australia PtyLtd
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
5.4
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%) 0
Year 2015(%) 100
Year 2016(%) 0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo AUStrALIA CoNtINUED

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30-32 Bessemer Street, Blacktown, NSW

114-120 Old Pittwater Road, Brookvale, NSW

2 Alspec Place, Eastern Creek, NSW

The property forms part of the comprehensive, old established Blacktown Industrial area situated three kilometres north of the commercial/retail centre of Blacktown. Bessemer Street extends off the western side of Sunnyholt Road which forms part of a major north-south road system extending from the Great Western Highway and M4 Motorway north to the Old Windsor & Windsor Roads.

The property is located on the western side of Old Pittwater Road, Brookvale. The property comprises two buildings constructed between 1976 and 1987. Brookvale is a northern suburb of Sydney situated about 15 kilometres from the CBD. The property has good access to Pittwater Road which is the main thoroughfare to the city, with Route 3 linking the area to each of Sydney’s major arterial routes.

The premises consists of a newly completed 16,875 square metre distribution facility. The facility is located within one kilometre of the M7 Westlink currently under construction. Eastern Creek is recognised as the premier industrial precinct in the Sydney Metropolitan area.

Details

Details

Details

Details Details Details
Metro area
Sydney,Outer West
BuildingType
Distribution Centre
Title
Freehold
Ownership (%)
100
Zoning
General Industrial 4(a)
Year Built
1980
Site Area(ha)
4.5
Lettable Area(‘000m2)
14.7
Site Coverage(%)
33
Number of Buildings
4
Number of Units
4
Average Unit Size(‘000m2)
3.7
Office Content(%)
4
Car ParkingSpaces
185
Acquisition Date
May-1997
Acquisition Priceplus Additions(A$m)
12.5
Book Value(A$m)
14.9
Independent Valuation Date
Dec-2008
Independent Valuation(A$m)
16.3
Market CapRate(%)
9.00
Average Net PassingRent(A$/m2)
89.00
Average Net Market Rent(A$/m2)
85.00
Initial Yield(%)
8.75
Discount Rate(%)
10.00
Major Tenant
Chips n Mixes PtyLtd
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
1.2
Available(%)
0
Year 2010(%)
0
Year 2011(%)
100
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Sydney,North
BuildingType
Business Park
Title
Freehold
Ownership (%)
100
Zoning
G10 Brookvale Industrial West
Year Built
1976
Site Area(ha)
4.2
Lettable Area(‘000m2)
30.600
Site Coverage(%)
73
Number of Buildings
2
Number of Units
6
Average Unit Size(‘000m2)
5.1
Office Content(%)
46
Car ParkingSpaces
587
Acquisition Date
Sep-1997
Acquisition Priceplus Additions(A$m)
36.3
Book Value(A$m)
44
Independent Valuation Date
Dec-2008
Independent Valuation(A$m)
48
Market CapRate(%)
8.88
Average Net PassingRent(A$/m2)
136.54
Average Net Market Rent(A$/m2)
132.96
Initial Yield(%)
8.51
Discount Rate(%)
10.00
Major Tenant
Avon Products PtyLtd
Leased ByArea(%)
89
Weighted Lease Term byIncome(years)
4.1
Available(%)
11
Year 2010(%)
0
Year 2011(%)
43
Year 2012(%)
3
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Sydney,Outer West
BuildingType
Distribution Centre
Title
Freehold
Ownership (%)
100
Zoning
Employment Zone(SEPP59)
Year Built
2004
Site Area(ha)
2.6
Lettable Area(‘000m2)
16.9
Site Coverage(%)
65
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000m2)
16.9
Office Content(%)
2
Car ParkingSpaces
144
Acquisition Date
Mar-2004
Acquisition Priceplus Additions(A$m)
23.6
Book Value(A$m)
23.3
Independent Valuation Date
Dec-2008
Independent Valuation(A$m)
24.8
Market CapRate(%)
8.5
Average Net PassingRent(A$/m2)
125.56
Average Net Market Rent(A$/m2)
110.00
Initial Yield(%)
8.79
Discount Rate(%)
10.00
Major Tenant
Controlled Climate Logistics
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
5.8
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
100
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
44
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

38 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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145-151 Arthur Street, Flemington, NSW

436-484 Victoria Road, Gladesville, NSW

Flemington is approximately 16 kilometres west of the Sydney CBD and eight kilometres east of Parramatta. The property forms part of a relatively minor industrial location but enjoys good exposure and access to Arthur Street and major traffic arteries in western Sydney including Centenary Drive, Great Western Highway, M4 Motorway, Silverwater and St Hilliers Roads.

The property is located in a prominent position on the intersection of Victoria Road and Tennyson Road, Gladesville, approximately 10 kilometres north west of the Sydney CBD and 11 kilometres east of the Parramatta CBD.

Details

Details

Details Details
Metro area
Sydney,Inner West
BuildingType
Business Park
Title
Freehold
Ownership (%)
100
Zoning
Industrial 4
Year Built
1985
Site Area(ha)
3.2
Lettable Area(‘000m2)
19.2
Site Coverage(%)
60
Number of Buildings
2
Number of Units
9
Average Unit Size(‘000m2)
2.1
Office Content(%)
51
Car ParkingSpaces
401
Acquisition Date
Sep-1997
Acquisition Priceplus Additions(A$m)
25.6
Book Value(A$m)
30.75
Independent Valuation Date
Jun-2009
Independent Valuation(A$m)
30.8
Market CapRate(%)
8.75
Average Net PassingRent(A$/m2)
151.31
Average Net Market Rent(A$/m2)
142.13
Initial Yield(%)
7.92
Discount Rate(%)
9.5
Major Tenant
Acer Computer Australia
Leased ByArea(%)
83
Weighted Lease Term byIncome(years)
2.4
Available(%)
16
Year 2010(%)
0
Year 2011(%)
20
Year 2012(%)
52
Year 2013(%)
0
Year 2014(%)
12
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Sydney,North
BuildingType
Business Park
Title
Freehold
Ownership (%)
100
Zoning
Industrial 4(b1)and 4(b2)Light
Year Built
1991
Site Area(ha)
2.0
Lettable Area(‘000m2)
19.9
Site Coverage(%)
100
Number of Buildings
2
Number of Units
10
Average Unit Size(‘000m2)
2
Office Content(%)
67
Car ParkingSpaces
414
Acquisition Date
Sep-1997
Acquisition Priceplus Additions(A$m)
29.6
Book Value(A$m)
46.0
Independent Valuation Date
Jun-2009
Independent Valuation(A$m)
46.0
Market CapRate(%)
8.75
Average Net PassingRent(A$/m2)
210.79
Average Net Market Rent(A$/m2)
201.05
Initial Yield(%)
8.7
Discount Rate(%)
9.5
Major Tenant
Spotless Services Australia Limited
Leased ByArea(%)
92
Weighted Lease Term byIncome(years)
2.8
Available(%)
7
Year 2010(%)
13
Year 2011(%)
10
Year 2012(%)
29
Year 2013(%)
5
Year 2014(%)
36
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

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1 Foundation Place, Greystanes, NSW

The property is well located within the Sydney metropolitan area being approximately six kilometres west of Parramatta and 26 kilometres west of the Sydney CBD. The estate is situated in close proximity to the M4 Motorway, which is situated approximately 500 metres to the west and accessed via the Prospect Highway. The Great Western Highway, Horsley Drive and Cumberland Highway are also located nearby.

Details

Details Details Details Details Details
Metro area
Sydney,Outer West
BuildingType
Industrial Estate
Title
Freehold
Ownership (%)
100
Zoning
Employment Zone(SEPP59)
Year Built
2004
Site Area(ha)
5.8
Lettable Area(‘000m2)
30.800
Site Coverage(%)
53
Number of Buildings
4
Number of Units
5
Average Unit Size(‘000m2)
6.2
Office Content(%)
14
Car ParkingSpaces
278
Acquisition Date
Apr-2003
Acquisition Priceplus Additions(A$m)
39.3
Book Value(A$m)
41.0
Independent Valuation Date
Jun-2008
Independent Valuation(A$m)
48.0
Market CapRate(%)
8.75
Average Net PassingRent(A$/m2)
122.02
Average Net Market Rent(A$/m2)
115.61
Initial Yield(%)
9.15
Discount Rate(%)
10
Major Tenant
Allied Pickfords PtyLimited
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
4.2
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
31
Year 2013(%)
0
Year 2014(%) 28
Year 2015(%)
 40
Year 2016(%) 0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo AUStrALIA CoNtINUED

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SEL, Greystanes Estate, Greystanes, NSW

27-29 Liberty Road, Huntingwood, NSW

47.6 ha development site located to the south of the established Greystanes Business Hub. Zoned Employment under SEPP 59, the site provides the opportunity to develop a range of investment product in a strategic industrial location situated in close proximity to the M7 and M4 Motorway interchange.

The property is located on the northern side of Liberty Road, Huntingwood in a well established good quality industrial location. Liberty Road is a loop road which joins the Great Western Highway and Horsley Road. The Great Western Highway provides a direct link between Penrith and Parramatta. Huntingwood is located about 10 kilometres west of Parramatta and 35 kilometres west of the Sydney CBD.

Details

Details

Details Details
Metro area
Sydney,Outer West
BuildingType
Land
Title
Freehold
Ownership (%)
100
Zoning
Employment Zone(SEPP59)
Year Built
-
Site Area(ha)
47.6
Lettable Area(‘000m2)
-
Site Coverage(%)
-
Number of Buildings
-
Number of Units
-
Average Unit Size(‘000m2)
-
Office Content(%)
-
Car ParkingSpaces
-
Acquisition Date
Dec-2007
Acquisition Priceplus Additions(A$m)
-
Book Value(A$m)
116.4
Independent Valuation Date
-
Independent Valuation(A$m)
-
Market CapRate(%)
-
Average Net PassingRent(A$/m2)
-
Average Net Market Rent(A$/m2)
-
Initial Yield(%)
-
Discount Rate(%)
-
Major Tenant
-
Leased ByArea(%)
-
Weighted Lease Term byIncome(years)
-
Available(%)
-
Year 2010(%)
-
Year 2011(%)
-
Year 2012(%)
-
Year 2013(%)
-
Year 2014(%)
-
Year 2015(%)
-
Year 2016(%)
-		 Metro area
Sydney,Outer West
BuildingType
Distribution Centre
Title
Freehold
Ownership (%)
100
Zoning
4(d)Huntingwood Industrial Zone
Year Built
1996
Site Area(ha)
1.4
Lettable Area(‘000m2)
6.8
Site Coverage(%)
48
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000m2)
6.8
Office Content(%)
19
Car ParkingSpaces
105
Acquisition Date
Jul-1998
Acquisition Priceplus Additions(A$m)
8.2
Book Value(A$m)
8
Independent Valuation Date
Jun-2008
Independent Valuation(A$m)
9.7
Market CapRate(%)
8.75
Average Net PassingRent(A$/m2)
120.92
Average Net Market Rent(A$/m2)
105.00
Initial Yield(%)
9.93
Discount Rate(%)
10.00
Major Tenant
Entertainment Distributors
CompanyPtyLtd
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
3.4
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
100
Year 2014(%)
0
Year 2015(%)
0
Year 2017(%)
-
Year 2018(%)
-
Year 2019+(%)
-		 Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

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Kings Park Industrial Estate, Vardys Road, Marayong, NSW

An industrial estate of over 60,000 square metres, comprising eight office/warehouses developed by the Trust between 1991 and 2006. The buildings range from 2,50027,000 square metres. Kings Park is located in Marayong near the Marayong Railway Station. Its location has been substantially enhanced over recent years following the completion of the M2 Motorway.

Details

Details
Metro area Sydney, Outer West
BuildingType Industrial Estate
Title Freehold
Ownership (%) 100
Zoning 4(a)General Industrial
Year Built 1991
Site Area(ha) 13.7
Lettable Area(‘000m2) 68.9
Site Coverage(%) 50
Number of Buildings 10
Number of Units 13
Average Unit Size(‘000m2) 5.3
Office Content(%) 8
Car ParkingSpaces 484
Acquisition Date May-1990
Acquisition Priceplus Additions(A$m) 81.7
Book Value(A$m) 91.2
Independent Valuation Date Jun-2008
Independent Valuation(A$m) 104.0
Market CapRate(%) 8.75
Average Net PassingRent(A$/m2) 119.35
Average Net Market Rent(A$/m2) 109.50
Initial Yield(%) 9.29
Discount Rate(%) 9.75
Major Tenant Visy Pet PtyLtd
Leased ByArea(%) 100
Weighted Lease Term byIncome(years) 2.4
Available(%) 0
Year 2010(%) 22
Year 2011(%) 18
Year 2012(%) 46
Year 2013(%) 6
Year 2014(%) 0
Year 2015(%) 8
Year 2016(%) 0
Year 2017(%) 0
Year 2018(%) 0
Year 2019+(%) 0

40 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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154 O’Riordan Street, Mascot, NSW

5-15 Rosebery Avenue, Rosebery, NSW

The property is located in Mascot, an established industrial suburb of Sydney, located approximately nine kilometres by road from the Sydney CBD. The Sydney Kingsford Smith Airport is located one to two kilometres south and the Botany Port Container Terminals are located approximately five kilometres to the south east.

The location provides excellent main road exposure and three street frontages. Rosebery Avenue runs parallel to Botany Road which is one of the major thoroughfares of the locality, providing direct access to the CBD. Convenient access is also available to Southern Cross Drive, The Eastern Distributor and the Sydney Kingsford Smith Airport.

Details

Details

Details Details
Metro area
Sydney,South
BuildingType
Industrial Estate
Title
Freehold
Ownership (%)
100
Zoning
Industrial 4(a)
Year Built
1985
Site Area(ha)
1.4
Lettable Area(‘000m2)
8.2
Site Coverage(%)
57
Number of Buildings
3
Number of Units
7
Average Unit Size(‘000m2)
1.2
Office Content(%)
27
Car ParkingSpaces
130
Acquisition Date
Jun-1997
Acquisition Priceplus Additions(A$m)
11.6
Book Value(A$m)
13.5
Independent Valuation Date
Dec-2008
Independent Valuation(A$m)
15.0
Market CapRate(%)
8.25
Average Net PassingRent(A$/m2)
144.40
Average Net Market Rent(A$/m2)
143.75
Initial Yield(%)
6.94
Discount Rate(%)
9.50
Major Tenant
Toll Priority
Leased ByArea(%)
77
Weighted Lease Term byIncome(years)
2.3
Available(%)
22
Year 2010(%)
0
Year 2011(%)
42
Year 2012(%)
0
Year 2013(%)
16
Year 2014(%)
8
Year 2015(%)
0
Year 2016(%)
11		 Metro area
Sydney,South
BuildingType
Business Park
Title
Freehold
Ownership (%)
100
Zoning
Mixed Use Zone 10(e)
Year Built
1986
Site Area(ha)
3.0
Lettable Area(‘000m2)
27.9
Site Coverage(%)
93
Number of Buildings
7
Number of Units
36
Average Unit Size(‘000m2)
0.8
Office Content(%)
56
Car ParkingSpaces
407
Acquisition Date
Apr-1998
Acquisition Priceplus Additions(A$m)
46.2
Book Value(A$m)
57.0
Independent Valuation Date
Jun-2008
Independent Valuation(A$m)
62.2
Market CapRate(%)
8.25
Average Net PassingRent(A$/m2)
168.47
Average Net Market Rent(A$/m2)
159.14
Initial Yield(%)
8.34
Discount Rate(%)
9.75
Major Tenant
Trimex PtyLtd
Leased ByArea(%)
97
Weighted Lease Term byIncome(years)
1.7
Available(%)
4
Year 2010(%)
15
Year 2011(%)
39
Year 2012(%)
32
Year 2013(%)
4
Year 2014(%)
3
Year 2015(%)
1
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

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25-55 Rothschild Avenue, Rosebery, NSW

See 5-15 Rosebery Avenue, Rosebery.

Details

Details Details Details Details Details
Metro area
Sydney,South
BuildingType
Business Park
Title
Freehold
Ownership (%)
100
Zoning
Mixed Use Zone 10(e)
Year Built
1984
Site Area(ha)
1.9
Lettable Area(‘000m2)
16.9
Site Coverage(%)
88
Number of Buildings
1
Number of Units
2
Average Unit Size(‘000m2)
8.4
Office Content(%)
41
Car ParkingSpaces
71
Acquisition Date
Oct-2001
Acquisition Priceplus Additions(A$m)
29.1
Book Value(A$m)
31
Independent Valuation Date
Jun-2008
Independent Valuation(A$m)
40.5
Market CapRate(%)
8.5
Average Net PassingRent(A$/m2)
138.85
Average Net Market Rent(A$/m2)
160.40
Initial Yield(%)
9.8
Discount Rate(%)
10.00
Major Tenant
Commonwealth of Australia(AQIS)
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
3.4
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
29
Year 2013(%)
71
Year 2014(%) 0
Year 2015(%)
 0
Year 2016(%) 0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo AUStrALIA CoNtINUED

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10-16 South Street, Rydalmere, NSW

DEXUS Industrial Estate, Egerton Street, Silverwater, NSW

19 Chifley Street, Smithfield, NSW

The property is located towards the western end of South Street, with the Parramatta River located at the southern boundary of the property. Rydalmere is a western suburb of Sydney located approximately 20 kilometres from the Sydney CBD.

The estate is located primarily on Egerton Street which is in close proximity to Silverwater Road in the Silverwater industrial area. Silverwater is regarded as one of the premier established industrial regions in Sydney and is accessed via Victoria Road, the M4 Motorway and Parramatta Road.

The property is located at the northern end of Chifley Street, Smithfield. Smithfield is a western suburb of Sydney situated about 35 kilometres from the CBD and seven kilometres south west of Parramatta. The property has good access to the M4 Motorway to the north and the M5 Motorway to the south.

Details

Details

Details

Details Details Details
Metro area
Sydney,Inner West
BuildingType
Industrial Estate
Title
Freehold
Ownership (%)
100
Zoning
Technologyand Enterprise
Year Built
1980
Site Area(ha)
5.3
Lettable Area(‘000m2)
34.700
Site Coverage(%)
66
Number of Buildings
6
Number of Units
20
Average Unit Size(‘000m2)
1.7
Office Content(%)
32
Car ParkingSpaces
476
Acquisition Date
Sep-1997
Acquisition Priceplus Additions(A$m)
37.8
Book Value(A$m)
41.0
Independent Valuation Date
Dec-2008
Independent Valuation(A$m)
44.0
Market CapRate(%)
9.0
Average Net PassingRent(A$/m2)
118.59
Average Net Market Rent(A$/m2)
109.17
Initial Yield(%)
9.75
Discount Rate(%)
10
Major Tenant
Altech Computers
Leased ByArea(%)
97
Weighted Lease Term byIncome(years)
1.6
Available(%)
3
Year 2010(%)
22
Year 2011(%)
45
Year 2012(%)
27
Year 2013(%)
0
Year 2014(%)
3
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Sydney,Inner West
BuildingType
Business Park
Title
Freehold
Ownership (%)
100
Zoning
General Industrial 4(a)
Year Built
1969
Site Area(ha)
8.8
Lettable Area(‘000m2)
29.3
Site Coverage(%)
33
Number of Buildings
9
Number of Units
9
Average Unit Size(‘000m2)
3.3
Office Content(%)
30
Car ParkingSpaces
290
Acquisition Date
May-1997
Acquisition Priceplus Additions(A$m)
38.3
Book Value(A$m)
40.0
Independent Valuation Date
Dec-2007
Independent Valuation(A$m)
50.0
Market CapRate(%)
8.75
Average Net PassingRent(A$/m2)
138.45
Average Net Market Rent(A$/m2)
132.39
Initial Yield(%)
10.02
Discount Rate(%)
10.00
Major Tenant
Repco Limited
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
3.5
Available(%)
0
Year 2010(%)
23
Year 2011(%)
19
Year 2012(%)
28
Year 2013(%)
4
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Sydney,Outer West
BuildingType
Industrial Estate
Title
Freehold
Ownership (%)
100
Zoning
General Industrial 4(a)
Year Built
1988
Site Area(ha)
2.7
Lettable Area(‘000m2)
18.5
Site Coverage(%)
69
Number of Buildings
13
Number of Units
13
Average Unit Size(‘000m2)
1.4
Office Content(%)
10
Car ParkingSpaces
196
Acquisition Date
Dec-1998
Acquisition Priceplus Additions(A$m)
12.4
Book Value(A$m)
16.3
Independent Valuation Date
Jun-2008
Independent Valuation(A$m)
18.4
Market CapRate(%)
9.25
Average Net PassingRent(A$/m2)
86.18
Average Net Market Rent(A$/m2)
83.62
Initial Yield(%)
9.16
Discount Rate(%)
10.50
Major Tenant
BOC Ltd
Leased ByArea(%)
94
Weighted Lease Term byIncome(years)
2.2
Available(%)
6
Year 2010(%)
5
Year 2011(%)
39
Year 2012(%)
44
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
5
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
16
Year 2019+(%)
10		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

42 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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12 Frederick Street, St Leonards, NSW

40 Biloela Street, Villawood, NSW

30 Bellrick Street, Acacia Ridge, QLD

The estate includes 13 office/warehouse units with a total gross lettable area of approximately 19,300 square metres. The units offer modern quality accommodation ranging between 901 square metres to 2,049 square metres. Frederick Street is located within the St Leonards/Artarmon industrial precinct approximately six kilometres north of the Sydney CBD.

The building is located on the northern side of Biloela Street between Marple Avenue and Miller Road in Villawood. The property is local to major transport routes with the Hume Highway approximately one kilometre to the south and the M4 Motorway approximately six kilometres to the north.

The property is located on the southern side of Bellrick Street in Acacia Ridge and forms part of a modern industrial estate which offers good access to major arterial roadways and is located within the southern industrial hub of Brisbane. The property is located 13 kilometres south of the Brisbane CBD.

Details

Details

Details

Details Details Details Details Details
Metro area
Sydney,North
BuildingType
Business Park
Title
Freehold
Ownership (%)
100
Zoning
General Industrial 4(a)
Year Built
1974
Site Area(ha)
2.5
Lettable Area(‘000m2)
19.3
Site Coverage(%)
77
Number of Buildings
1
Number of Units
13
Average Unit Size(‘000m2)
1.5
Office Content(%)
26
Car ParkingSpaces
330
Acquisition Date
Jul-2000
Acquisition Priceplus Additions(A$m)
26.4
Book Value(A$m)
33.1
Independent Valuation Date
Jun-2009
Independent Valuation(A$m)
33.1
Market CapRate(%)
9
Average Net PassingRent(A$/m2)
163.44
Average Net Market Rent(A$/m2)
159.05
Initial Yield(%)
9.63
Discount Rate(%)
9.75
Major Tenant
Advanced Surgical Design &
Manufacture PtyLtd
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
3
Available(%)
0
Year 2010(%)
0
Year 2011(%)
32
Year 2012(%)
20
Year 2013(%)
32
Year 2014(%)
9
Year 2015(%)
7		 Metro area
Sydney,Outer West
BuildingType
Distribution Centre
Title
Freehold
Ownership (%)
100
Zoning
General Industrial 4(a)
Year Built
1985
Site Area(ha)
1.5
Lettable Area(‘000m2)
7.3
Site Coverage(%)
50
Number of Buildings
2
Number of Units
2
Average Unit Size(‘000m2)
3.6
Office Content(%)
15
Car ParkingSpaces
23
Acquisition Date
Jul-1997
Acquisition Priceplus Additions(A$m)
7.0
Book Value(A$m)
6.5
Independent Valuation Date
Dec-2008
Independent Valuation(A$m)
7.0
Market CapRate(%)
9.00
Average Net PassingRent(A$/m2)
98.93
Average Net Market Rent(A$/m2)
90.00
Initial Yield(%)
6.41
Discount Rate(%)
10.00
Major Tenant
Bishop Manufacturing
TechnologyLimited
Leased ByArea(%)
55
Weighted Lease Term byIncome(years)
0.3
Available(%)
42
Year 2010(%)
58
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0		 Metro area
Brisbane
BuildingType
Distribution Centre
Title
Freehold
Ownership (%)
100
Zoning
General Industry
Year Built
1988
Site Area(ha)
3.5
Lettable Area(‘000m2)
17.8
Site Coverage(%)
51
Number of Buildings
5
Number of Units
3
Average Unit Size(‘000m2)
5.9
Office Content(%)
9
Car ParkingSpaces
100
Acquisition Date
Jun-1997
Acquisition Priceplus Additions(A$m)
13.4
Book Value(A$m)
20.0
Independent Valuation Date
Jun-2008
Independent Valuation(A$m)
22.7
Market CapRate(%)
9.00
Average Net PassingRent(A$/m2)
106.28
Average Net Market Rent(A$/m2)
105.00
Initial Yield(%)
9.46
Discount Rate(%)
10.00
Major Tenant
Twentieth Superspace
Nominees PtyLtd
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
3.2
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
1		 00
Year 2014(%) 0
Year 2015(%) 0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo AUStrALIA CoNtINUED

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25 Donkin Street, West End Brisbane, QLD

15-23 Whicker Road, Gillman, SA

Target Distribution Centre, Tarras Road, Altona North, VIC

The complex is located in the inner city, south side suburb of West End. The property is located approximately two kilometres south west of the Brisbane CBD. The immediate surrounding development comprises recently constructed residential developments and hightech office/warehouse developments together with semi-modern warehouses and light industrial premises.

The property is situated within an established industrial precinct in the north-western suburb of Gillman, approximately 12 kilometres from the Adelaide CBD. The Gillman precinct is dominated by large warehousing facilities, dockyards and harbour facilities. Transport to the CBD is via the major transport corridors of the Grand Junction Road and Port Road.

A state-of-the-art 41,447 square metre distribution warehouse purpose built for Target. It is their national distribution centre, which currently caters for 130 stores and can accommodate up to 200 stores. The centre is located in Altona North, which is approximately 12 kilometres west of the Melbourne CBD.

Details

Details

Details

Details Details Details
Metro area
Brisbane
BuildingType
Business Park
Title
Freehold
Ownership (%)
100
Zoning
Special Purpose Centre SP12
- Mixed Industry& Business
Year Built
1987
Site Area(ha)
1.7
Lettable Area(‘000m2)
11.3
Site Coverage(%)
67
Number of Buildings
3
Number of Units
28
Average Unit Size(‘000m2)
0.4
Office Content(%)
65
Car ParkingSpaces
203
Acquisition Date
Dec-1998
Acquisition Priceplus Additions(A$m)
20.1
Book Value(A$m)
32.0
Independent Valuation Date
Dec-2007
Independent Valuation(A$m)
35.6
Market CapRate(%)
8.25
Average Net PassingRent(A$/m2)
229.67
Average Net Market Rent(A$/m2)
223.86
Initial Yield(%)
7.66
Discount Rate(%)
9.25
Major Tenant
Datacom Systems
Leased ByArea(%)
93
Weighted Lease Term byIncome(years)
2
Available(%)
9
Year 2010(%)
26
Year 2011(%)
20
Year 2012(%)
12
Year 2013(%)
27
Year 2014(%)
3
Year 2015(%)
3		 Metro area
Adelaide
BuildingType
Distribution Centre
Title
Freehold
Ownership (%)
100
Zoning
General Industry2
Year Built
1970
Site Area(ha)
9.7
Lettable Area(‘000m2)
72.1
Site Coverage(%)
74
Number of Buildings
2
Number of Units
2
Average Unit Size(‘000m2)
36.1
Office Content(%)
-
Car ParkingSpaces
-
Acquisition Date
Dec-2002
Acquisition Priceplus Additions(A$m)
20.3
Book Value(A$m)
25.7
Independent Valuation Date
Dec-2008
Independent Valuation(A$m)
26.8
Market CapRate(%)
9.25
Average Net PassingRent(A$/m2)
33.54
Average Net Market Rent(A$/m2)
32.5
Initial Yield(%)
9.12
Discount Rate(%)
10.5
Major Tenant
Elders Limited
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
3.0
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
100
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Melbourne,West
BuildingType
Distribution Centre
Title
Freehold
Ownership (%)
100
Zoning
Special Use Zone 4
Year Built
1996
Site Area(ha)
10.2
Lettable Area(‘000m2)
41.4
Site Coverage(%)
41
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000m2)
41.4
Office Content(%)
5
Car ParkingSpaces
210
Acquisition Date
Oct-1995
Acquisition Priceplus Additions(A$m)
25.6
Book Value(A$m)
30.0
Independent Valuation Date
Dec-2007
Independent Valuation(A$m)
37.5
Market CapRate(%)
9.25
Average Net PassingRent(A$/m2)
90.60
Average Net Market Rent(A$/m2)
60.00
Initial Yield(%)
12.52
Discount Rate(%)
10.25
Major Tenant
Target Australia
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
2.8
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
100
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

44 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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114 Fairbank Road, Clayton, VIC

Pound Road West, Dandenong, VIC

The property is located in the south east of Melbourne, approximately 36 kilometres from the CBD. The property has excellent access to the South Gippsland Freeway (Monash Freeway) and South Gippsland Highway.

The property is located in an established and well-regarded industrial location approximately 20 kilometres south east of the Melbourne CBD. The Clayton industrial precinct is serviced by major road networks including the Monash Freeway, approximately five kilometres east of the property and Dandenong Road approximately three kilometres east of the property.

Details

Details

Details Details
Metro area
Melbourne,South East
BuildingType
Distribution Centre
Title
Freehold
Ownership (%)
100
Zoning
Industrial 1
Year Built
1986
Site Area(ha)
3.6
Lettable Area(‘000m2)
18.200
Site Coverage(%)
50
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000m2)
18.200
Office Content(%)
2
Car ParkingSpaces
12
Acquisition Date
Jul-1997
Acquisition Priceplus Additions(A$m)
16.7
Book Value(A$m)
14
Independent Valuation Date
Dec-2008
Independent Valuation(A$m)
15.6
Market CapRate(%)
9
Average Net PassingRent(A$/m2)
69.89
Average Net Market Rent(A$/m2)
62.5
Initial Yield(%)
9.09
Discount Rate(%)
10.5
Major Tenant
Annex Holdings PtyLtd
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
10.3
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Melbourne,South East
BuildingType
Industrial Estate
Title
Freehold
Ownership (%)
100
Zoning
Business 3
Year Built
2001
Site Area(ha)
19.0
Lettable Area(‘000m2)
89.3
Site Coverage(%)
47
Number of Buildings
8
Number of Units
8
Average Unit Size(‘000m2)
11.2
Office Content(%)
7
Car ParkingSpaces
191
Acquisition Date
Jan-2004
Acquisition Priceplus Additions(A$m)
74.3
Book Value(A$m)
77.0
Independent Valuation Date
Dec-2007
Independent Valuation(A$m)
81.6
Market CapRate(%)
8.75
Average Net PassingRent(A$/m2)
78.14
Average Net Market Rent(A$/m2)
73.29
Initial Yield(%)
9.03
Discount Rate(%)
10.25
Major Tenant
L’Oreal Australia PtyLtd
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
4.4
Available(%)
0
Year 2010(%)
10
Year 2011(%)
0
Year 2012(%)
21
Year 2013(%)
10
Year 2014(%)
37
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
100		 Year 2017(%)
0
Year 2018(%)
10
Year 2019+(%)
12

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Redwood Gardens Industrial Estate, Boundary Road, Dingley, VIC

An estate of freestanding larger office/ warehouses comprising a total of around 34,382 square metres. The estate underwent a major refurbishment during 2002 at a cost of $1.6 million, which included upgraded façades and landscaping. The estate is located on Boundary Road opposite the Moorabbin Airport.

Details

Details Details Details Details Details
Metro area
Melbourne,South East
BuildingType
Industrial Estate
Title
Subdivided Estate
Ownership (%)
100
Zoning
Industrial 1
Year Built
1980
Site Area(ha)
9.0
Lettable Area(‘000m2)
37.8
Site Coverage(%)
38
Number of Buildings
15
Number of Units
15
Average Unit Size(‘000m2)
2.5
Office Content(%)
27
Car ParkingSpaces
798
Acquisition Date
Dec-1994
Acquisition Priceplus Additions(A$m)
21.4
Book Value(A$m)
20.8
Independent Valuation Date
Jun-2008
Independent Valuation(A$m)
30.3
Market CapRate(%)
9.25
Average Net PassingRent(A$/m2)
69.34
Average Net Market Rent(A$/m2)
66.80
Initial Yield(%)
6.49
Discount Rate(%)
10.25
Major Tenant
Pferd Australia PtyLtd
Leased ByArea(%)
67
Weighted Lease Term byIncome(years)
2.7
Available(%)
34
Year 2010(%)
4
Year 2011(%)
13
Year 2012(%)
16
Year 2013(%)
8
Year 2014(%) 0
Year 2015(%)
 14
Year 2016(%) 0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
10

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo AUStrALIA CoNtINUED

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352 Macaulay Road, Kensington, VIC

Knoxfield Industrial Estate, Henderson Road, Knoxfield, VIC

250 Forest Road South, Lara, VIC

The property is situated on the northern side of Macaulay Road within the suburb of Kensington and the municipal boundaries of the City of Moonee Valley. The estate is situated approximately four kilometres north west of Melbourne’s CBD.

The property consists of two substantial office/ warehouses for Toll Holdings (36,000 square metres) and the Distribution Group (12,600 square metres). The estate is located on Henderson Road in the south-eastern suburb of Knoxfield.

The property is located at Lara, between the ports of Melbourne and Geelong approximately 57 kilometres south-west of Melbourne and 10 kilometres north of Geelong. The property is situated on the western side of Forest Road South approximately 400 metres north of the Heales Road intersection.

Details

Details

Details

Details Details Details
Metro area
Melbourne,North West
BuildingType
Industrial Estate
Title
Freehold
Ownership (%)
100
Zoning
Industrial Zone 1
Year Built
1985
Site Area(ha)
1.0
Lettable Area(‘000m2)
6.4
Site Coverage(%)
66
Number of Buildings
3
Number of Units
6
Average Unit Size(‘000m2)
1.1
Office Content(%)
63
Car ParkingSpaces
100
Acquisition Date
Oct-1998
Acquisition Priceplus Additions(A$m)
7.7
Book Value(A$m)
8.2
Independent Valuation Date
Dec-2007
Independent Valuation(A$m)
10.0
Market CapRate(%)
8.75
Average Net PassingRent(A$/m2)
122.01
Average Net Market Rent(A$/m2)
118.51
Initial Yield(%)
9.51
Discount Rate(%)
10.25
Major Tenant
Chubb SecurityPtyLtd
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
2.7
Available(%)
0
Year 2010(%)
0
Year 2011(%)
54
Year 2012(%)
14
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
32
Year 2016(%)
0		 Metro area
Melbourne,South East
BuildingType
Distribution Centre
Title
Freehold
Ownership (%)
100
Zoning
Industrial 1
Year Built
1990
Site Area(ha)
7.4
Lettable Area(‘000m2)
48.5
Site Coverage(%)
66
Number of Buildings
2
Number of Units
2
Average Unit Size(‘000m2)
24.3
Office Content(%)
3
Car ParkingSpaces
275
Acquisition Date
Aug-1996
Acquisition Priceplus Additions(A$m)
31.1
Book Value(A$m)
33.0
Independent Valuation Date
Jun-2009
Independent Valuation(A$m)
33.0
Market CapRate(%)
9.50
Average Net PassingRent(A$/m2)
66.79
Average Net Market Rent(A$/m2)
65.00
Initial Yield(%)
9.83
Discount Rate(%)
10.00
Major Tenant
Toll Transport PtyLtd
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
2.9
Available(%)
0
Year 2010(%)
0
Year 2011(%)
72
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
28		 Metro area
Melbourne,South West
BuildingType
Distribution Centre
Title
Freehold
Ownership (%)
100
Zoning
Industrial 2
Year Built
1985
Site Area(ha)
24.6
Lettable Area(‘000m2)
117.300
Site Coverage(%)
48
Number of Buildings
4
Number of Units
4
Average Unit Size(‘000m2)
29.3
Office Content(%)
1
Car ParkingSpaces
122
Acquisition Date
Dec-2002
Acquisition Priceplus Additions(A$m)
37.8
Book Value(A$m)
48.8
Independent Valuation Date
Jun-2008
Independent Valuation(A$m)
44.8
Market CapRate(%)
9.25
Average Net PassingRent(A$/m2)
35.00
Average Net Market Rent(A$/m2)
35.00
Initial Yield(%)
8.42
Discount Rate(%)
10.25
Major Tenant
AWH PtyLtd
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
14.0
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
100

46 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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DEXUS Industrial Estate, Boundary Road, Laverton North (including 440 Doherty’s Road), VIC

12-18 Distribution Drive, Laverton North, VIC

Axxess Corporate Park, Cnr Ferntree Gully & Gilby Roads, Mount Waverley, VIC

The property is located in Laverton North, approximately 17 kilometres to the east of the Melbourne CBD and Ports. The site is within close proximity to the Western Ring Road which is accessed at the interchange at Boundary Road approximately three kilometres to the east and the interchange at Fitzgerald Road approximately three kilometres to the north.

Recently completed chilled distribution facility within the Dexus Industrial Estate at Laverton North. The facility provides temperature zones ranging from -1 degree to 25 degrees. Laverton situated in close proximity to major transport infrastructure including the Western Ring Road, Princess Freeway, Westgate Freeway and the proposed Deer Park Bypass.

Axxess comprises around 84,400 square metres of freestanding office buildings and traditional industiral office/warehouse units. Axxess provides smaller units of around 2501,000 square metres, as well as modern office/ warehouses ranging from 1,500-6,000 square metres. Axxess also fronts onto Forster and Gilby Roads and is located 250 metres from the Monash Freeway.

Details

Details

Details

Details Details Details Details Details Details Details
Metro area
Melbourne,West
BuildingType
Distribution Centre
Title
Freehold
Ownership (%)
100
Zoning
Industrial 2
Year Built
2005
Site Area(ha)
121.9
Lettable Area(‘000m2)
86.4
Site Coverage(%)
6
Number of Buildings
4
Number of Units
4
Average Unit Size(‘000m2)
21.6
Office Content(%)
3
Car ParkingSpaces
-
Acquisition Date
Jul-2002
Acquisition Priceplus Additions(A$m)
103.1
Book Value(A$m)
137.5
Independent Valuation Date
Jun-2009
Independent Valuation(A$m)
137.2
Market CapRate(%)
8.75
Average Net PassingRent(A$/m2)
60.57
Average Net Market Rent(A$/m2)
65.00
Initial Yield(%)
7.90
Discount Rate(%)
10.25
Major Tenant
Fosters Australia Limited
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
8.8
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Melbourne,West
BuildingType
Distribution Centre
Title
Freehold
Ownership (%)
50
Co-Owner
AXA
Zoning
Industrial 2
Year Built
2007
Site Area(ha)
16.6
Lettable Area(‘000m2)
43.0
Site Coverage(%)
26
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000m2)
43.0
Office Content(%)
11
Car ParkingSpaces
-
Acquisition Date
-
Acquisition Priceplus Additions(A$m)
-
Book Value(A$m)
47.5
Independent Valuation Date
-
Independent Valuation(A$m)
-
Market CapRate(%)
8.75
Average Net PassingRent(A$/m2)
194.31
Average Net Market Rent(A$/m2)
182.00
Initial Yield(%)
8.55
Discount Rate(%)
10.25
Major Tenant
Coles GroupLimted
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
12.8
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0		 Metro area
Melbourne,South East
BuildingType
Industrial Estate
Title
Freehold
Ownership (%)
100
Zoning
Business 3 Zone
Year Built
1980
Site Area(ha)
19.6
Lettable Area(‘000m2)
84.6
Site Coverage(%)
43
Number of Buildings
29
Number of Units
119
Average Unit Size(‘000m2)
0.7
Office Content(%)
47
Car ParkingSpaces
1,240
Acquisition Date
Oct-1996
Acquisition Priceplus Additions(A$m)
160.3
Book Value(A$m)
180.6
Independent Valuation Date
Jun-2008
Independent Valuation(A$m)
192.7
Market CapRate(%)
8.75
Average Net PassingRent(A$/m2)
158.14
Average Net Market Rent(A$/m2)
160.68
Initial Yield(%)
8.41
Discount Rate(%)
10.00
Major Tenant
Fonterra Investments PtyLtd
Leased ByArea(%)
98
Weighted Lease Term byIncome(years)
4.4
Available(%)
1
Year 2010(%)
11
Year 2011(%)
7
Year 2012(%)
19
Year 2013(%)
13
Year 2014(%) 7
Year 2015(%)
 2
Year 2016(%) 23
Year 2017(%)
10
Year 2018(%)
46
Year 2019+(%)
44		 Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
100		 Year 2017(%)
1
Year 2018(%)
0
Year 2019+(%)
16

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo AUStrALIA CoNtINUED

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68 Hasler Road, Herdsman, WA

The property is located in the Herdsman Business Park which is approximately seven kilometres north-west of the Perth CBD. The Herdsman Business Park is well serviced by the surrounding roads and freeways including the Mitchell Freeway which extends from the Perth CBD to link with the north western suburban coastal locations.

Details

Details
Metro area Perth
BuildingType Business Park
Title Freehold
Ownership (%) 100
Zoning General Industrial
Year Built 1989
Site Area(ha) 0.8
Lettable Area(‘000m2) 4.7
Site Coverage(%) 60
Number of Buildings 2
Number of Units 1
Average Unit Size(‘000m2) 4.7
Office Content(%) 67
Car ParkingSpaces 128
Acquisition Date Jul-1998
Acquisition Priceplus Additions(A$m) 9.7
Book Value(A$m) 11.3
Independent Valuation Date Jun-2008
Independent Valuation(A$m) 17.5
Market CapRate(%) 9.00
Average Net PassingRent(A$/m2) 172.13
Average Net Market Rent(A$/m2) 265.00
Initial Yield(%) 7.2
Discount Rate(%) 10.00
Major Tenant Canon Australia PtyLtd
Leased ByArea(%) 100
Weighted Lease Term byIncome(years) 0.3
Available(%) 0
Year 2010(%) 100
Year 2011(%) 0
Year 2012(%) 0
Year 2013(%) 0
Year 2014(%) 0
Year 2015(%) 0
Year 2016(%) 0
Year 2017(%) 0
Year 2018(%) 0
Year 2019+(%) 0

48 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

InDUStrIaL PortfoLIo north amErIca

3691 north Perris Boulevard, Perris, California

49

DEXUS ProPErty GroUP ProPerty synoPsis 2009

INDUStrIAL portFoLIo NortH AMErICA CoNtINUED

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844 44th Avenue, Phoenix, Arizona

3802-3922 East University Drive, Phoenix, Arizona

431 North 47th Avenue, Phoenix, Arizona

The property is located 1 mile south of I-10 off 43rd Avenue, south of Roosevelt. Onestory, concrete tilt-up, multi-tenant, warehouse building. Roof system is built-up tar.

The property is located east of I-10 and south of Sky Harbor Airport on University Drive. Five one-story, concrete tilt-up, multi-tenant, flex buildings. Roof systems are built-up tar.

The property is located approximately one mile south of I-10 at the northwest corner of Polk and 47th Avenue. One-story, concrete tilt-up, single tenant, warehouse building. Roof system is built-up tar.

Details

Details

Details

Details Details Details
Metro area
Phoenix
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
I2
Year Built
1987
Site Area(acres)
7.8
Lettable Area(‘000sf)
145.0
Site Coverage(%)
43
Number of Buildings
1
Number of Units
2
Average Unit Size(‘000sf)
72.0
Office Content(%)
5
Car ParkingSpaces
135
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
5.5
Book Value(US$m)
6.9
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
6.9
Market CapRate(%)
7.75
Average Net PassingRent(US$/sf)
4.38
Average Net Market Rent(US$/sf)
3.96
Initial Yield(%)
9.18
Discount Rate(%)
8.75
Major Tenant
Iron Mountain Incorporated
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
4.5
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
100
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Phoenix
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
A-2
Year Built
1988
Site Area(acres)
8.5
Lettable Area(‘000sf)
110.0
Site Coverage(%)
30
Number of Buildings
5
Number of Units
21
Average Unit Size(‘000sf)
5.0
Office Content(%)
72
Car ParkingSpaces
353
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
8.8
Book Value(US$m)
7.7
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
7.7
Market CapRate(%)
7.75
Average Net PassingRent(US$/sf)
10.60
Average Net Market Rent(US$/sf)
10.44
Initial Yield(%)
8.48
Discount Rate(%)
9.00
Major Tenant
ThyssenkruppElevator Corporation
Leased ByArea(%)
87
Weighted Lease Term byIncome(years)
2.6
Available(%)
14
Year 2010(%)
32
Year 2011(%)
21
Year 2012(%)
16
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
18		 Metro area
Phoenix
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
I -1
Year Built
1986
Site Area(acres)
9.8
Lettable Area(‘000sf)
163.0
Site Coverage(%)
38
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
163.0
Office Content(%)
2
Car ParkingSpaces
62
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
5.0
Book Value(US$m)
7.5
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
7.5
Market CapRate(%)
7.75
Average Net PassingRent(US$/sf)
3.99
Average Net Market Rent(US$/sf)
3.96
Initial Yield(%)
8.74
Discount Rate(%)
9.00
Major Tenant
Freeport Logistics,Inc.
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
0.4
Available(%)
0
Year 2010(%)
100
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

50 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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220 South 9th Street, Phoenix, Arizona

1429-1439 South 40th Avenue, Phoenix, Arizona

105-107 South 41st Avenue, Phoenix, Arizona

The property is located northwest of the I-10 and I-17 interchange. One-story, concrete tilt-up, multi-tenant, warehouse building. Roof system is built-up tar.

The property is located approximately 2-1/2 miles west of I-17 and south of West Buckeye Road. Two, one-story, concrete tilt-up, multitenant, warehouse buildings. Roof systems are built-up tar.

The property is located one mile south of I-10 at West Van Buren Street and South 41st Avenue. Two, concrete tilt-up, multi-tenant, warehouse buildings. Roof system is built-up tar.

Details

Details

Details

Details Details Details Details Details Details Details
Metro area
Phoenix
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
A-1
Year Built
1983
Site Area(acres)
4.2
Lettable Area(‘000sf)
89.0
Site Coverage(%)
49
Number of Buildings
1
Number of Units
5
Average Unit Size(‘000sf)
18.0
Office Content(%)
7
Car ParkingSpaces
197
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
5.9
Book Value(US$m)
8.3
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
8.3
Market CapRate(%)
7.75
Average Net PassingRent(US$/sf)
7.36
Average Net Market Rent(US$/sf)
7.00
Initial Yield(%)
7.91
Discount Rate(%)
9.00
Major Tenant
Chompies Bada BingBakery,Inc.
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
2.9
Available(%)
0
Year 2010(%)
26
Year 2011(%)
16
Year 2012(%)
16
Year 2013(%)
0
Year 2014(%)
42
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Phoenix
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
A-2
Year Built
1989
Site Area(acres)
12.4
Lettable Area(‘000sf)
253.0
Site Coverage(%)
47
Number of Buildings
2
Number of Units
5
Average Unit Size(‘000sf)
51.0
Office Content(%)
4
Car ParkingSpaces
162
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
8.6
Book Value(US$m)
11.6
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
11.6
Market CapRate(%)
8.00
Average Net PassingRent(US$/sf)
3.55
Average Net Market Rent(US$/sf)
3.96
Initial Yield(%)
7.75
Discount Rate(%)
9.00
Major Tenant
S.P. Richards Company
Leased ByArea(%)
85
Weighted Lease Term byIncome(years)
5.1
Available(%)
14
Year 2010(%)
35
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Phoenix
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
A-2
Year Built
1988
Site Area(acres)
23.5
Lettable Area(‘000sf)
381.0
Site Coverage(%)
37
Number of Buildings
2
Number of Units
8
Average Unit Size(‘000sf)
48.0
Office Content(%)
4
Car ParkingSpaces
352
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
12.0
Book Value(US$m)
15.9
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
15.9
Market CapRate(%)
8.00
Average Net PassingRent(US$/sf)
2.41
Average Net Market Rent(US$/sf)
3.96
Initial Yield(%)
5.78
Discount Rate(%)
9.25
Major Tenant
Warren Industries,Inc.
Leased ByArea(%)
64
Weighted Lease Term byIncome(years)
1.6
Available(%)
38
Year 2010(%)
18
Year 2011(%)
0
Year 2012(%)
44
Year 2013(%)
0
Year 2014(%) 0
Year 2015(%)
 0
Year 2016(%) 0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018+(%)
51
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo NortH AMErICA CoNtINUED

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601 South 55th Avenue, Phoenix, Arizona

1000 South Priest Drive, Phoenix, Arizona

1858 East Encanto Drive, Tempe, Arizona

The property is located south of I-10 and west of I-17 between West Van Buren and West Buckeye Road. One-story, concrete tilt-up, single tenant, warehouse building. Roof system is built-up tar.

The property is located east of I-10 between University Drive and Broadway Road. One-story, concrete tilt-up, single tenant, flex building. Roof system is built-up tar.

The property is located southwest of the 202 and 101 Freeway interchange between University Drive and Broadway Road. Single, concrete tilt-up, multi-tenant, warehouse building. Roof system is built-up tar.

Details

Details

Details

Details Details Details
Metro area
Phoenix
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
A-2
Year Built
1986
Site Area(acres)
7.7
Lettable Area(‘000sf)
100.0
Site Coverage(%)
30
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
100.0
Office Content(%)
9
Car ParkingSpaces
50
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
3.9
Book Value(US$m)
5.7
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
5.7
Market CapRate(%)
6.50
Average Net PassingRent(US$/sf)
4.08
Average Net Market Rent(US$/sf)
3.96
Initial Yield(%)
6.95
Discount Rate(%)
8.50
Major Tenant
U.S. Greenfiber,LLC
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
5.2
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
100
Year 2016(%)
0		 Metro area
Phoenix
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
I-1
Year Built
1988
Site Area(acres)
3.8
Lettable Area(‘000sf)
55.0
Site Coverage(%)
33
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
55.0
Office Content(%)
22
Car ParkingSpaces
177
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
4.2
Book Value(US$m)
3.4
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
3.4
Market CapRate(%)
7.75
Average Net PassingRent(US$/sf)
-
Average Net Market Rent(US$/sf)
8.64
Initial Yield(%)
-
Discount Rate(%)
9.50
Major Tenant
-
Leased ByArea(%)
0
Weighted Lease Term byIncome(years)
-
Available(%)
100
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Phoenix
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
I-2
Year Built
1990
Site Area(acres)
4.7
Lettable Area(‘000sf)
82.0
Site Coverage(%)
40
Number of Buildings
1
Number of Units
4
Average Unit Size(‘000sf)
20.0
Office Content(%)
9
Car ParkingSpaces
145
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
3.6
Book Value(US$m)
5.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
5.0
Market CapRate(%)
7.75
Average Net PassingRent(US$/sf)
5.18
Average Net Market Rent(US$/sf)
5.25
Initial Yield(%)
8.02
Discount Rate(%)
9.00
Major Tenant
World Wide Parts & Accessories
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
3.9
Available(%)
0
Year 2010(%)
0
Year 2011(%)
27
Year 2012(%)
0
Year 2013(%)
25
Year 2014(%)
0
Year 2015(%)
30
Year 2016(%)
17
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

52 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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1120-1150 West Alameda Drive, Tempe, Arizona

10397 West Van Buren Street, Tolleson, Arizona

4190 East Santa Ana Street, Bloomington, California

The property is located just east of I-10 and I-53 interchange Broadway Road and Southern Avenue. Four, concrete tilt-up, multi-tenant, flex buildings. Roof systems are built-up tar.

The property is located at 84th Avenue between Harrison and Jefferson, approximately 1/4 mile from I-10 loop and Loop 101. One-story, concrete tilt-up, multi-tenant, warehouse building. Roof system is built-up tar.

The property is located southwest of the I-10 and I-15 interchange just north of Jurupa Street. Single, concrete tilt-up, multi-tenant, warehouse/flex building. Roof system is built-up tar.

Details

Details

Details

Details Details Details Details Details Details Details
Metro area
Phoenix
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
I-2
Year Built
1984
Site Area(acres)
5.8
Lettable Area(‘000sf)
122.0
Site Coverage(%)
48
Number of Buildings
4
Number of Units
14
Average Unit Size(‘000sf)
9.0
Office Content(%)
16
Car ParkingSpaces
207
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
6.9
Book Value(US$m)
7.5
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
7.50
Market CapRate(%)
7.75
Average Net PassingRent(US$/sf)
7.13
Average Net Market Rent(US$/sf)
8.40
Initial Yield(%)
7.59
Discount Rate(%)
9.00
Major Tenant
Arizona Board of Regents
Leased ByArea(%)
91
Weighted Lease Term byIncome(years)
2.0
Available(%)
10
Year 2010(%)
8
Year 2011(%)
33
Year 2012(%)
39
Year 2013(%)
0
Year 2014(%)
10
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Phoenix
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
I-1 Cityof Tolleson
Year Built
1997
Site Area(acres)
14.6
Lettable Area(‘000sf)
278.0
Site Coverage(%)
44
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
278.0
Office Content(%)
0
Car ParkingSpaces
173
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
7.2
Book Value(US$m)
11.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
11.0
Market CapRate(%)
8.00
Average Net PassingRent(US$/sf)
3.48
Average Net Market Rent(US$/sf)
3.48
Initial Yield(%)
8.79
Discount Rate(%)
9.00
Major Tenant
States Logistics Services,Inc.
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
2.8
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
100
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Riverside
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
M2 - 1 Light Industrial
Year Built
1989
Site Area(acres)
4.9
Lettable Area(‘000sf)
99.0
Site Coverage(%)
46
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
99.0
Office Content(%)
10
Car ParkingSpaces
119
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
4.1
Book Value(US$m)
5.5
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
5.5
Market CapRate(%)
7.00
Average Net PassingRent(US$/sf)
34
Average Net Market Rent(US$/sf)
34
Initial Yield(%)
9.06
Discount Rate(%)
8.25
Major Tenant
Halsteel,Inc.
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
2.6
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
100
Year 2013(%)
0
Year 2014(%) 0
Year 2015(%)
 0
Year 2016(%) 0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo NortH AMErICA CoNtINUED

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14555 Alondra Boulevard, La Mirada & 6530 Altura Boulevard, Buena Park, California

5823 Newton Drive, Carlsbad, California

13602 12th Street, Chino, California

Adjacent to I-5 at the Los Angeles County/ Orange County in the city of La Mirada and Buena Park. Access to I-5 at Valley View or Knott Avenue are within one mile of both buildings. Two, concrete tilt-up, single tenant, warehouse buildings. Roof systems are built up tar.

The property is located at the end of a culde-sac at Newton Drive just north of the intersection of College Blvd. and Palomar Road, approximately three miles east of the of the I-5 and five miles west of the 78 Freeway off College Boulevard. Single, concrete tilt-up, single tenant, flex building. Roof system is builtup tar.

The property is located one mile south of the Pomona (60) Freeway between Central and Mountain Avenues. One-story, concrete tilt-up, multi-tenant, industrial building. Roof system is built-up tar.

Details

Details

Details

Details Details Details
Metro area
Los Angeles
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
Industrial
Year Built
1967
Site Area(acres)
15.6
Lettable Area(‘000sf)
304.0
Site Coverage(%)
45
Number of Buildings
2
Number of Units
3
Average Unit Size(‘000sf)
101.0
Office Content(%)
9
Car ParkingSpaces
258
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
14.9
Book Value(US$m)
16.8
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
16.8
Market CapRate(%)
8.00
Average Net PassingRent(US$/sf)
3.85
Average Net Market Rent(US$/sf)
5.28
Initial Yield(%)
8.30
Discount Rate(%)
8.50
Major Tenant
Kittrich Corporation
Leased ByArea(%)
78
Weighted Lease Term byIncome(years)
3.3
Available(%)
27
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
73
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
San Diego
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
RLI - Research Light Industrial
Year Built
1999
Site Area(acres)
14.9
Lettable Area(‘000sf)
180.0
Site Coverage(%)
28
Number of Buildings
1
Number of Units
2
Average Unit Size(‘000sf)
90.0
Office Content(%)
50
Car ParkingSpaces
426
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
13.8
Book Value(US$m)
15.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
15.0
Market CapRate(%)
8.75
Average Net PassingRent(US$/sf)
7.63
Average Net Market Rent(US$/sf)
10.32
Initial Yield(%)
9.14
Discount Rate(%)
10.00
Major Tenant
Graham Webb International
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
-
Available(%)
0
Year 2010(%)
98
Year 2011(%)
2
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Riverside
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
M2 - 1 Light Industrial
Year Built
1987
Site Area(acres)
4.8
Lettable Area(‘000sf)
105.0
Site Coverage(%)
50
Number of Buildings
1
Number of Units
2
Average Unit Size(‘000sf)
52.0
Office Content(%)
5
Car ParkingSpaces
168
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
5.5
Book Value(US$m)
6.5
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
6.5
Market CapRate(%)
7.00
Average Net PassingRent(US$/sf)
5.76
Average Net Market Rent(US$/sf)
4.80
Initial Yield(%)
7.78
Discount Rate(%)
8.25
Major Tenant
Wright Business Graphics of CA
Leased ByArea(%)
44
Weighted Lease Term byIncome(years)
9.0
Available(%)
52
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
48

54 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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14489 Industry Circle, La Mirada, California

3550 Tyburn Street & 3332–3424 N.San Fernando Road, Los Angeles, California

3590 De Forest Circle, Mira Loma, California

Adjacent to I-5 at the Los Angeles County/ Orange County in the city of La Mirada. Access to Interstate 5 at Valley View or Knott Avenue are within one mile of the building. Seven, concrete tilt-up, multi-tenant, warehouse buildings. Roof systems are built up tar.

Regional access is provided via I-5 at Glendale Boulevard or the Glendale (2) Freeway at San Fernando Road. The property is located between Glendale Blvd. and Fletcher Drive. Seven, concrete tilt-up, multi-tenant, warehouse buildings. Roof systems are built up tar.

The property is located northeast of the I-15 and 60 Freeway interchange off Etiwanda. Single, concrete tilt-up, multi-tenant, warehouse building. Roof system is built-up tar.

Details

Details

Details

Details Details Details Details Details Details Details
Metro area
Los Angeles
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
Industrial
Year Built
1967
Site Area(acres)
5.2
Lettable Area(‘000sf)
113.0
Site Coverage(%)
50
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
56.0
Office Content(%)
12
Car ParkingSpaces
118
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
6.1
Book Value(US$m)
7.7
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
7.7
Market CapRate(%)
6.10
Average Net PassingRent(US$/sf)
6.43
Average Net Market Rent(US$/sf)
5.64
Initial Yield(%)
6.14
Discount Rate(%)
8.50
Major Tenant
Damac Products,Inc.
Leased ByArea(%)
55
Weighted Lease Term byIncome(years)
3.5
Available(%)
41
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
59
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Los Angeles
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
LA MZ-1
Year Built
1966
Site Area(acres)
20.7
Lettable Area(‘000sf)
451.0
Site Coverage(%)
50
Number of Buildings
8
Number of Units
28
Average Unit Size(‘000sf)
16.0
Office Content(%)
13
Car ParkingSpaces
598
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
43.8
Book Value(US$m)
51.7
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
51.7
Market CapRate(%)
7.62
Average Net PassingRent(US$/sf)
10.23
Average Net Market Rent(US$/sf)
9.66
Initial Yield(%)
7.62
Discount Rate(%)
8.50
Major Tenant
A & A Amalgamated Printing
Leased ByArea(%)
97
Weighted Lease Term byIncome(years)
3.0
Available(%)
3
Year 2010(%)
19
Year 2011(%)
14
Year 2012(%)
27
Year 2013(%)
10
Year 2014(%)
7
Year 2015(%)
11
Year 2016(%)
0		 Metro area
Riverside
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
M2 - 1 Light Industrial
Year Built
1992
Site Area(acres)
10.7
Lettable Area(‘000sf)
251.0
Site Coverage(%)
54
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
251.0
Office Content(%)
2
Car ParkingSpaces
150
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
8.8
Book Value(US$m)
13.1
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
13.1
Market CapRate(%)
7.50
Average Net PassingRent(US$/sf)
5.28
Average Net Market Rent(US$/sf)
4.08
Initial Yield(%)
7.67
Discount Rate(%)
8.25
Major Tenant
Domtar Paper Company
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
0.9
Available(%)
0
Year 2010(%)
100
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%) 0
Year 2015(%)
 0
Year 2016(%) 0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
10
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo NortH AMErICA CoNtINUED

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1450 E Francis Street, 4200 E Santa Ana Street, 1951 S Parco Street, 1401 E Cedar Street, 1777 Vintage Avenue, Ontario, California

The properties are located at the northeast end of Ontario, and accessed via the San Bernardino (10), Pomona (60), and the Ontario (15) freeways. Five, concrete tilt-up, multitenant, warehouse/flex buildings. Roof systems are built-up tar.

3691 North Perris Boulevard, Perris, California

The property is rectangular, except for a 1 acre parcel at the southwest corner of Perris Boulevard and Morgan Street, and makes up an entire block along Perris Boulevard, between Dawes Street and Morgan Street. Access to the site is possible from both Perris Boulevard at the front of the property and Redlands Avenue.

12000 Jersey Court, Rancho Cucamonga, California

The property is located northwest of the I-10 and I-15 interchange off of Rochester Avenue with I-15 visibility. Single, concrete tilt-up, single tenant, warehouse building. Roof system is built-up tar.

Details

Details

Details

Details Details Details
Metro area
Riverside
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
M2 - 1 Light Industrial
Year Built
1989
Site Area(acres)
37.5
Lettable Area(‘000sf)
572.0
Site Coverage(%)
35
Number of Buildings
5
Number of Units
13
Average Unit Size(‘000sf)
44.0
Office Content(%)
5
Car ParkingSpaces
773
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
24.4
Book Value(US$m)
29.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
29.0
Market CapRate(%)
7.50
Average Net PassingRent(US$/sf)
5.71
Average Net Market Rent(US$/sf)
4.84
Initial Yield(%)
5.65
Discount Rate(%)
8.75
Major Tenant
Skechers USA,Inc.
Leased ByArea(%)
88
Weighted Lease Term byIncome(years)
0.7
Available(%)
10
Year 2010(%)
70
Year 2011(%)
12
Year 2012(%)
9
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Riverside
BuildingType
Warehouse
Ownership (%)
100
Co-Owner
-
Zoning
Light Industrial(FTZ)
Year Built
2007
Site Area(acres)
80.0
Lettable Area(‘000sf)
1,687.0
Site Coverage(%)
48
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
1,687.0
Office Content(%)
1
Car ParkingSpaces
300
Acquisition Date
Jan-2008
Acquisition Priceplus Additions(US$m)
109.4
Book Value(US$m)
88.1
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
88.1
Market CapRate(%)
7.50
Average Net PassingRent(US$/sf)
5.02
Average Net Market Rent(US$/sf)
3.00
Initial Yield(%)
9.67
Discount Rate(%)
9.00
Major Tenant
Whirlpool Corporation
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
8.6
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Riverside
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
M2 - 1 Light Industrial
Year Built
1989
Site Area(acres)
4.3
Lettable Area(‘000sf)
88.0
Site Coverage(%)
47
Number of Buildings
1
Number of Units
4
Average Unit Size(‘000sf)
22.0
Office Content(%)
2
Car ParkingSpaces
118
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
3.6
Book Value(US$m)
4.7
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
4.7
Market CapRate(%)
7.50
Average Net PassingRent(US$/sf)
6.70
Average Net Market Rent(US$/sf)
6.00
Initial Yield(%)
8.85
Discount Rate(%)
8.50
Major Tenant
Metro Express,Inc.
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
1.7
Available(%)
0
Year 2010(%)
0
Year 2011(%)
60
Year 2012(%)
40
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
100
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

56 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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11653 6th Street, Santa Anita Avenue, 9357 Richmond Place, & 9371 Buffalo Avenue, Rancho Cucamonga, California

7510-7520 Airway Road, San Diego, California

Three of the buildings (Richmond Pl, Buffalo Ave and Sixth St) are located northwest of the I-10 and I-15 interchange. Santa Anita is located northeast of the I-10 and I-15 interchange. The properties are also easily accessed via the Pomona (60) Freeway. Four, concrete tilt-up, multi-tenant, warehouse/flex buildings. Roof systems are built-up tar.

The property is located in Otay Mesa off the 905 Freeway at the corner of Britannia Way and Airway Road. The 905 Freeway is located 12 miles east of the San Diego (5) Freeway. Single, concrete tilt-up, multi-tenant, warehouse/flex building. Roof system is built-up tar.

Details

Details

Details Details
Metro area
Riverside
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
M2 - 1 Light Industrial
Year Built
1988
Site Area(acres)
23.3
Lettable Area(‘000sf)
430.0
Site Coverage(%)
42
Number of Buildings
4
Number of Units
14
Average Unit Size(‘000sf)
31.0
Office Content(%)
5
Car ParkingSpaces
763
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
18.2
Book Value(US$m)
22.5
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
22.5
Market CapRate(%)
7.50
Average Net PassingRent(US$/sf)
5.77
Average Net Market Rent(US$/sf)
5.31
Initial Yield(%)
8.18
Discount Rate(%)
8.75
Major Tenant
Weber Distribution Warehouses
Leased ByArea(%)
97
Weighted Lease Term byIncome(years)
0.8
Available(%)
3
Year 2010(%)
66
Year 2011(%)
14
Year 2012(%)
18
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
San Diego
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
M2-1 Light Industrial
Year Built
1988
Site Area(acres)
11.6
Lettable Area(‘000sf)
121.0
Site Coverage(%)
24
Number of Buildings
2
Number of Units
5
Average Unit Size(‘000sf)
24.0
Office Content(%)
19
Car ParkingSpaces
309
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
8.0
Book Value(US$m)
8.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
8.0
Market CapRate(%)
8.75
Average Net PassingRent(US$/sf)
7.35
Average Net Market Rent(US$/sf)
6.42
Initial Yield(%)
8.69
Discount Rate(%)
10.00
Major Tenant
Illinois Tool Works,Inc.
Leased ByArea(%)
90
Weighted Lease Term byIncome(years)
2.9
Available(%)
8
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
55
Year 2013(%)
37
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

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Summit Oaks, Vanderbilt Way, Santa Clarita, California

A 5 storey Class A suburban office building in Santa Clarita, California, with covered parking for 380 cars plus an additional 134 cars uncovered. The development was completed July 2008 and is fully leased to a single tenant. Lease commencement is 1 October 2009.

Details

Details Details Details Details Details
Metro area
Los Angeles
BuildingType
Office Park
Ownership (%)
92
Co-Owner
Parker Properties
Zoning
-
Year Built
2008
Site Area(acres)
4.9
Lettable Area(‘000sf)
146.0
Site Coverage(%)
69
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
146.0
Office Content(%)
100
Car ParkingSpaces
514
Acquisition Date
Dec-2006
Acquisition Priceplus Additions(US$m)
-
Book Value(US$m)
17.4
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
17.4
Market CapRate(%)
9
Average Net PassingRent(US$/sf)
30
Average Net Market Rent(US$/sf)
30
Initial Yield(%)
-
Discount Rate(%)
9.5
Major Tenant
Advanced Bionics
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
10
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%) 0
Year 2015(%)
 0
Year 2016(%) 0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
100

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo NortH AMErICA CoNtINUED

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9210 San Fernando Road, Sun Valley, California

2210 Oak Ridge Way, Vista, California

7500 Exchange Drive, Orlando, Florida

The property is located north of the intersection of the Golden State (5) Freeway and the Hollywood (170) Freeway on San Fernando Road at Sheldon Street. One, concrete tilt-up, multi-tenant, warehouse/flex building. Roof system is membrane/EPDM.

The property is located west of the 78 Freeway and south of Sycamore Avenue on the corner of Melrose and Oak Ridge Way. Single, concrete tilt-up, single tenant, flex building. Roof system is built-up tar.

The property is located in Orlando Central Park in Southwest Orlando. Access is provided by I-4 to the west (2 miles), the Beeline Expressway to the south (2 miles) and Florida’s Turnpike to the east (1 mile). One, concrete tilt-up, multitenant, warehouse/flex building. Roof system is membrane/EPDM.

Details

Details

Details

Details Details Details
Metro area
Los Angeles
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
M1 - 1
Year Built
1980
Site Area(acres)
8.4
Lettable Area(‘000sf)
182.0
Site Coverage(%)
49
Number of Buildings
1
Number of Units
2
Average Unit Size(‘000sf)
91.0
Office Content(%)
2
Car ParkingSpaces
322
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
12.5
Book Value(US$m)
19.6
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
19.6
Market CapRate(%)
7.00
Average Net PassingRent(US$/sf)
7.89
Average Net Market Rent(US$/sf)
7.89
Initial Yield(%)
6.88
Discount Rate(%)
8.50
Major Tenant
Fedex Ground Package System
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
4.6
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
16
Year 2014(%)
84
Year 2015(%)
0
Year 2016(%)
0		 Metro area
San Diego
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
RLI - Research Light Industrial
Year Built
1972
Site Area(acres)
3.4
Lettable Area(‘000sf)
53.0
Site Coverage(%)
36
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
53.0
Office Content(%)
33
Car ParkingSpaces
133
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
4.2
Book Value(US$m)
5.6
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
5.6
Market CapRate(%)
7.50
Average Net PassingRent(US$/sf)
9.57
Average Net Market Rent(US$/sf)
9.00
Initial Yield(%)
9.09
Discount Rate(%)
9.50
Major Tenant
Solatube International,Inc.
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
0.2
Available(%)
0
Year 2010(%)
100
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Orlando
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
I-3 byOrange CountyPlanningand Zoning
Year Built
1979
Site Area(acres)
5.2
Lettable Area(‘000sf)
116.0
Site Coverage(%)
51
Number of Buildings
1
Number of Units
6
Average Unit Size(‘000sf)
19.0
Office Content(%)
8
Car ParkingSpaces
97
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
4.6
Book Value(US$m)
4.8
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
4.8
Market CapRate(%)
9.50
Average Net PassingRent(US$/sf)
5.10
Average Net Market Rent(US$/sf)
4.25
Initial Yield(%)
8.30
Discount Rate(%)
9.50
Major Tenant
Keystone Automotive Operations
Leased ByArea(%)
87
Weighted Lease Term byIncome(years)
1.7
Available(%)
13
Year 2010(%)
16
Year 2011(%)
52
Year 2012(%)
19
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

58 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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Orlando Central Park, 7600 Kingspointe Parkway, 8259 Exchange Drive, 7451-7488 Brokerage Drive, 2900-2901 Titan Row, Orlando, Florida

The properties are located in Orlando Central Park in Southwest Orlando and are accessible by I-4, the Beeline Expressway and Florida’s Turnpike. Seven, concrete tilt-up, multi-tenant, warehouse/flex buildings. Roof systems are membrane/EPDM and built.

13201 South Orange Avenue, Orlando, Florida

A one-story building with tilt up concrete panel wall and steel columns. The slab is 6” reinforced concrete which can handle 4,000 PSI. The roof is a steel bar joist and metal decking structure with a three ply roof system with modified bitumen cap. The building has a 32’ clear height and 2 drive-in doors and 44 dock-high doors and 250 trailer parking stalls.

Turnpike Distribution Centre, 1580 NW 27th Avenue, Pompano Beach, Florida

A recently completed distribution centre located in the Medley submarket 8 miles northwest of Miami Int’l airport, with access to the Florida Turnpike. The building has a +/-30 foot clear height ceiling, 4 loading doors per bay, a 60 foot deep interior staging area, tilt wall construction with a metal bar joist/steel roof deck and a ESFR fire sprinkler system.

Details

Details

Details

Details Details Details Details Details
Metro area
Orlando
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
I-3 byOrange CountyPlanningand Zoning
Year Built
1984
Site Area(acres)
60.1
Lettable Area(‘000sf)
1,275.0
Site Coverage(%)
49
Number of Buildings
7
Number of Units
24
Average Unit Size(‘000sf)
53.0
Office Content(%)
9
Car ParkingSpaces
1,229
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
51.6
Book Value(US$m)
55.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
55.0
Market CapRate(%)
8.00
Average Net PassingRent(US$/sf)
4.15
Average Net Market Rent(US$/sf)
4.15
Initial Yield(%)
9.90
Discount Rate(%)
9.50
Major Tenant
Universal CityDevelopment Partners
Leased ByArea(%)
90
Weighted Lease Term byIncome(years)
2.8
Available(%)
10
Year 2010(%)
13
Year 2011(%)
13
Year 2012(%)
33
Year 2013(%)
17
Year 2014(%)
5
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Orlando
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
S-2 Low Hazard Storage
Year Built
2007
Site Area(acres)
28.6
Lettable Area(‘000sf)
503.0
Site Coverage(%)
40
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
503.0
Office Content(%)
8
Car ParkingSpaces
150
Acquisition Date
Jun-2007
Acquisition Priceplus Additions(US$m)
19.2
Book Value(US$m)
24.7
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
24.7
Market CapRate(%)
8.00
Average Net PassingRent(US$/sf)
3.67
Average Net Market Rent(US$/sf)
4.00
Initial Yield(%)
7.48
Discount Rate(%)
9.25
Major Tenant
Whirlpool Corporation
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
8.0
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
South Florida
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
M-1,MedleyIndustrial
Year Built
2007
Site Area(acres)
17.7
Lettable Area(‘000sf)
268.0
Site Coverage(%)
35
Number of Buildings
1
Number of Units
4
Average Unit Size(‘000sf)
67.0
Office Content(%)
5
Car ParkingSpaces
336
Acquisition Date
Sep-2005
Acquisition Priceplus Additions(US$m)
18.6
Book Value(US$m)
19.3
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
19.3
Market CapRate(%)
8.00
Average Net PassingRent(US$/sf)
8.67
Average Net Market Rent(US$/sf)
6.50
Initial Yield(%)
9.17
Discount Rate(%)
10.25
Major Tenant
Mattress Giant Corporation
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
4.9
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
67
Year 2014(%) 0
Year 2015(%)
 0
Year 2016(%) 0
Year 2017(%)
9
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
100
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
33
Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo NortH AMErICA CoNtINUED

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Northpoint Business Park, 300-1400 Northpoint Parkway, West Palm Beach, Florida

1000-1200 Williams Street NW, Atlanta, Georgia

300 Townpark Drive, Kennesaw, Georgia

The buildings are located in the Northpoint Business Park three miles east of the FLA Turnpike interchange and 1/2 mile west of I-95 interchange via 45th Street. Three onestory, concrete tilt-up, multi-tenant, warehouse buildings. Roof systems are built up tar.

Northwest submarket, along I-75 and I-575. Nearby to Canton Road (Hwy Spur 5) at the intersection of Williams Dr. and Guffen. Three one-story, brick and steel, single/multi-tenant warehouse buildings. Roof systems are modified bitumen and roof membrane.

Northwest submarket, proximate to both I-75 and I-575 via Chastain Road. Two one-story, concrete tilt up, multi-tenant flex buildings. Roof system is membrane/EPDM.

Details

Details

Details

Details Details Details
Metro area
South Florida
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
CPD Commercial Planned Development
Year Built
2000
Site Area(acres)
12.8
Lettable Area(‘000sf)
147.0
Site Coverage(%)
26
Number of Buildings
3
Number of Units
12
Average Unit Size(‘000sf)
12.0
Office Content(%)
43
Car ParkingSpaces
442
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
17.9
Book Value(US$m)
12.4
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
12.4
Market CapRate(%)
8.00
Average Net PassingRent(US$/sf)
7.68
Average Net Market Rent(US$/sf)
5.07
Initial Yield(%)
5.92
Discount Rate(%)
9.75
Major Tenant
Thermo Electron Corporation
Leased ByArea(%)
56
Weighted Lease Term byIncome(years)
1.9
Available(%)
23
Year 2010(%)
26
Year 2011(%)
34
Year 2012(%)
3
Year 2013(%)
4
Year 2014(%)
0
Year 2015(%)
10
Year 2016(%)
0		 Metro area
Atlanta
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
LI
Year Built
1987
Site Area(acres)
14.2
Lettable Area(‘000sf)
208.0
Site Coverage(%)
34
Number of Buildings
3
Number of Units
14
Average Unit Size(‘000sf)
15.0
Office Content(%)
15
Car ParkingSpaces
496
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
8.5
Book Value(US$m)
7.2
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
7.2
Market CapRate(%)
8.75
Average Net PassingRent(US$/sf)
2.56
Average Net Market Rent(US$/sf)
5.27
Initial Yield(%)
11.82
Discount Rate(%)
10.25
Major Tenant
CDE Services,Inc.
Leased ByArea(%)
43
Weighted Lease Term byIncome(years)
2.2
Available(%)
55
Year 2010(%)
9
Year 2011(%)
7
Year 2012(%)
25
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Atlanta
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
OS
Year Built
1995
Site Area(acres)
10.0
Lettable Area(‘000sf)
121.0
Site Coverage(%)
28
Number of Buildings
2
Number of Units
8
Average Unit Size(‘000sf)
15.0
Office Content(%)
24
Car ParkingSpaces
206
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
5.6
Book Value(US$m)
6.7
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
6.7
Market CapRate(%)
7.75
Average Net PassingRent(US$/sf)
5.31
Average Net Market Rent(US$/sf)
6.37
Initial Yield(%)
7.73
Discount Rate(%)
9.25
Major Tenant
Healthtronics,Inc.
Leased ByArea(%)
84
Weighted Lease Term byIncome(years)
1.8
Available(%)
16
Year 2010(%)
0
Year 2011(%)
48
Year 2012(%)
29
Year 2013(%)
7
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
4
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

60 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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7100 Highlands Parkway SE, Smyrna, Georgia

5111-5151 Royal Atlanta Drive, Tucker, Georgia

850 E Devon Avenue, 1260 N Ellis Street, 371 Meyer Road, Bensenville, Ilinois

I-20 West Fulton Submarket, three miles from I-285, approximately 15 miles from downtown Atlanta and ten miles from the Atlanta airport. One-story, concrete tilt up, single tenant flex building. Roof system is membrane/EPDM.

Approximately 10 miles from I-85 and 3 miles from US 78. Stone Mountain is located approx. 23 miles from Downtown Atlanta and 28 miles from the Atlanta airport. The property is one mile from the intersection of South Royal Drive and Mountain Industrial/Jimmy Carter Boulevard. Three one-story, brick, multi-tenant warehouse buildings. Roof systems are built up tar and metal.

Three buildings totalling 255,387sf with 28’ clear heights and 4% office buildout.

Details

Details

Details

Details Details Details Details Details Details Details
Metro area
Atlanta
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
HI
Year Built
1997
Site Area(acres)
25.0
Lettable Area(‘000sf)
150.0
Site Coverage(%)
14
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
150.0
Office Content(%)
100
Car ParkingSpaces
105
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
12.4
Book Value(US$m)
11.1
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
11.1
Market CapRate(%)
8.25
Average Net PassingRent(US$/sf)
8.04
Average Net Market Rent(US$/sf)
7.50
Initial Yield(%)
10.15
Discount Rate(%)
9.25
Major Tenant
International Business Machines
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
3.0
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
100
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Atlanta
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
M(Light Industrial)
Year Built
1987
Site Area(acres)
6.5
Lettable Area(‘000sf)
134.0
Site Coverage(%)
47
Number of Buildings
3
Number of Units
17
Average Unit Size(‘000sf)
8.0
Office Content(%)
22
Car ParkingSpaces
199
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
6.3
Book Value(US$m)
5.5
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
5.5
Market CapRate(%)
8.25
Average Net PassingRent(US$/sf)
4.52
Average Net Market Rent(US$/sf)
4.42
Initial Yield(%)
8.67
Discount Rate(%)
9.75
Major Tenant
GATC Limited Partnership
Leased ByArea(%)
93
Weighted Lease Term byIncome(years)
2.7
Available(%)
7
Year 2010(%)
20
Year 2011(%)
22
Year 2012(%)
19
Year 2013(%)
0
Year 2014(%)
33
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Chicago
BuildingType
Industrial/Warehouse
Ownership (%)
100
Co-Owner
-
ZoningI-2,Light Industrial in the Village of Bensenville
Year Built
2007
Site Area(acres)
16.1
Lettable Area(‘000sf)
255.0
Site Coverage(%)
36
Number of Buildings
3
Number of Units
9
Average Unit Size(‘000sf)
28.0
Office Content(%)
4
Car ParkingSpaces
253
Acquisition Date
Dec-2007
Acquisition Priceplus Additions(US$m)
26.7
Book Value(US$m)
18.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
18.0
Market CapRate(%)
8.25
Average Net PassingRent(US$/sf)
3.42
Average Net Market Rent(US$/sf)
6.00
Initial Yield(%)
9.00
Discount Rate(%)
9.00
Major Tenant
Levantina,USA
Leased ByArea(%)
43
Weighted Lease Term byIncome(years)
5.0
Available(%)
49
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%) 18
Year 2015(%)
 33
Year 2016(%) 0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo NortH AMErICA CoNtINUED

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1825 Airport Exchange Boulevard, Erlanger, Kentucky

3368-3372 Turfway Road, Erlanger, Kentucky

7453 Empire Drive, Florence, Kentucky

The property is located north of the I-275, Mineola Pike exit. One story, concrete tiltup multi-tenant flex building. Roof system is membrane/EPDM.

The property is located at the I -71/I-275 interchange. Three one story, masonry and metal, multi-tenant warehouse/flex buildings. Roof systems are membrane/EPDM.

Proximate to I-71/I-75 & Dixie Hwy just southwest of the Dixie Highway and Industrial Road intersection. Three one story, masonry single/multi-tenant warehouse buildings. Roof systems are membrane/EPDM.

Details

Details

Details

Details Details Details
Metro area
Cincinnati
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
I-1
Year Built
1997
Site Area(acres)
5.7
Lettable Area(‘000sf)
68.0
Site Coverage(%)
27
Number of Buildings
1
Number of Units
5
Average Unit Size(‘000sf)
14.0
Office Content(%)
21
Car ParkingSpaces
134
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
3.7
Book Value(US$m)
2.7
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
2.7
Market CapRate(%)
9.50
Average Net PassingRent(US$/sf)
3.03
Average Net Market Rent(US$/sf)
4.95
Initial Yield(%)
4.68
Discount Rate(%)
10.25
Major Tenant
Kuehne + Nagel Inc.
Leased ByArea(%)
51
Weighted Lease Term byIncome(years)
3.0
Available(%)
44
Year 2010(%)
0
Year 2011(%)
19
Year 2012(%)
0
Year 2013(%)
37
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Cincinnati
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
I-1
Year Built
1990
Site Area(acres)
12.0
Lettable Area(‘000sf)
112.0
Site Coverage(%)
21
Number of Buildings
3
Number of Units
9
Average Unit Size(‘000sf)
12.0
Office Content(%)
17
Car ParkingSpaces
118
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
4.7
Book Value(US$m)
4.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
4.0
Market CapRate(%)
9.25
Average Net PassingRent(US$/sf)
2.89
Average Net Market Rent(US$/sf)
4.72
Initial Yield(%)
5.88
Discount Rate(%)
10.50
Major Tenant
Cintas Corporation
Leased ByArea(%)
68
Weighted Lease Term byIncome(years)
1.9
Available(%)
32
Year 2010(%)
12
Year 2011(%)
28
Year 2012(%)
11
Year 2013(%)
0
Year 2014(%)
16
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Cincinnati
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
I-2
Year Built
1991
Site Area(acres)
22.4
Lettable Area(‘000sf)
197.0
Site Coverage(%)
20
Number of Buildings
3
Number of Units
8
Average Unit Size(‘000sf)
25.0
Office Content(%)
12
Car ParkingSpaces
258
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
5.3
Book Value(US$m)
5.6
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
5.6
Market CapRate(%)
9.25
Average Net PassingRent(US$/sf)
2.75
Average Net Market Rent(US$/sf)
2.76
Initial Yield(%)
8.44
Discount Rate(%)
10.00
Major Tenant
Bluegrass Products LLC
Leased ByArea(%)
96
Weighted Lease Term byIncome(years)
0.8
Available(%)
3
Year 2010(%)
81
Year 2011(%)
7
Year 2012(%)
9
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

62 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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7930 & 7940 Kentucky Drive, Florence, Kentucky

5-11 Spiral Drive, Florence, Kentucky

1910 International Way, Hebron, Kentucky

The property is located just east of I-71/I-75, proximate to Dixie Highway and Industrial Road intersection. Two one story, concrete tilt-up & masonry and metal, single/multi- tenant warehouse/flex buildings. Roof systems are membrane/EPDM and metal.

The property is located just north of the I-71/ Houston Road exit. Two one story, brick on block, single/multi-tenant flex buildings. Roof systems are built-up tar.

Located at the intersection of I-275 and North Bend Road at South Park. One story, concrete tilt-up, single tenant warehouse building. Roof system is membrane/EPDM.

Details

Details

Details

Details Details Details Details Details Details Details
Metro area
Cincinnati
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
I-2
Year Built
1991
Site Area(acres)
27.7
Lettable Area(‘000sf)
347.0
Site Coverage(%)
29
Number of Buildings
2
Number of Units
3
Average Unit Size(‘000sf)
116.0
Office Content(%)
17
Car ParkingSpaces
371
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
9.9
Book Value(US$m)
15.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
15.0
Market CapRate(%)
8.75
Average Net PassingRent(US$/sf)
6.69
Average Net Market Rent(US$/sf)
3.76
Initial Yield(%)
12.02
Discount Rate(%)
9.25
Major Tenant
General Services Admin
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
6.9
Available(%)
0
Year 2010(%)
0
Year 2011(%)
8
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
26		 Metro area
Cincinnati
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
I-1
Year Built
1988
Site Area(acres)
6.0
Lettable Area(‘000sf)
62.0
Site Coverage(%)
24
Number of Buildings
2
Number of Units
12
Average Unit Size(‘000sf)
5.0
Office Content(%)
74
Car ParkingSpaces
254
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
5.1
Book Value(US$m)
4.7
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
4.7
Market CapRate(%)
9.25
Average Net PassingRent(US$/sf)
8.77
Average Net Market Rent(US$/sf)
7.50
Initial Yield(%)
6.63
Discount Rate(%)
9.75
Major Tenant
Internal Revenue Service
Leased ByArea(%)
84
Weighted Lease Term byIncome(years)
4.2
Available(%)
11
Year 2010(%)
17
Year 2011(%)
2
Year 2012(%)
11
Year 2013(%)
4
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
35		 Metro area
Cincinnati
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
I-1
Year Built
1990
Site Area(acres)
10.4
Lettable Area(‘000sf)
300.0
Site Coverage(%)
66
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
300.0
Office Content(%)
1
Car ParkingSpaces
134
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
8.8
Book Value(US$m)
10.2
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
10.2
Market CapRate(%)
8.75
Average Net PassingRent(US$/sf)
2.70
Average Net Market Rent(US$/sf)
2.80
Initial Yield(%)
7.88
Discount Rate(%)
9.25
Major Tenant
Qualis Automotive
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
5.3
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%) 0
Year 2015(%)
 100
Year 2016(%) 0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
66		 Year 2017(%)
18
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo NortH AMErICA CoNtINUED

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Fort Holabird Industrial, 1811 & 1831 Portal Street, & 6615 Tributary Street, Baltimore, Maryland

9112 Guilford Road, Columbia, Maryland

8350 & 8351 Bristol Court, Jessup, Maryland

The buildings are located within one mile of the Interstate 95, Interstate 895 and the Port of Baltimore. Three, one story, brick and block composite flex buildings.

Located off Route 32, just East of I-95. One story, masonry, single tenant, flex building. Roof system is membrane/EPDM.

Located in the Balt/Wash Industrial Park (BWIP), which is just off US Route 1 between Route 175 and Route 32. Two, one story, concrete tilt up multi-tenant warehouse buildings. Roof systems are membrane/EPDM.

Details

Details

Details

Details Details Details
Metro area
Baltimore
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
M-2-1 Industrial
Year Built
1987
Site Area(acres)
10.8
Lettable Area(‘000sf)
172.0
Site Coverage(%)
37
Number of Buildings
3
Number of Units
17
Average Unit Size(‘000sf)
10.0
Office Content(%)
23
Car ParkingSpaces
227
Acquisition Date
Jun-2005
Acquisition Priceplus Additions(US$m)
9.2
Book Value(US$m)
10.6
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
10.6
Market CapRate(%)
8.00
Average Net PassingRent(US$/sf)
6.35
Average Net Market Rent(US$/sf)
5.50
Initial Yield(%)
8.10
Discount Rate(%)
9.00
Major Tenant
Fedex Ground Package System
Leased ByArea(%)
97
Weighted Lease Term byIncome(years)
2.2
Available(%)
3
Year 2010(%)
35
Year 2011(%)
38
Year 2012(%)
5
Year 2013(%)
0
Year 2014(%)
15
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Baltimore
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
NT
Year Built
1999
Site Area(acres)
4.8
Lettable Area(‘000sf)
55.0
Site Coverage(%)
27
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
55.0
Office Content(%)
100
Car ParkingSpaces
161
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
6.9
Book Value(US$m)
8.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
8.0
Market CapRate(%)
8.00
Average Net PassingRent(US$/sf)
12.10
Average Net Market Rent(US$/sf)
13.25
Initial Yield(%)
7.86
Discount Rate(%)
9.25
Major Tenant
SandySpringNational Bank of MD
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
5.6
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
100
Year 2016(%)
0		 Metro area
Baltimore
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
M-2 MaufacturingHeavy
Year Built
1986
Site Area(acres)
10.6
Lettable Area(‘000sf)
133.0
Site Coverage(%)
29
Number of Buildings
2
Number of Units
17
Average Unit Size(‘000sf)
8.0
Office Content(%)
14
Car ParkingSpaces
115
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
9.2
Book Value(US$m)
10.4
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
10.4
Market CapRate(%)
8.25
Average Net PassingRent(US$/sf)
7.14
Average Net Market Rent(US$/sf)
6.50
Initial Yield(%)
8.54
Discount Rate(%)
9.00
Major Tenant
Projection Video Services,Inc
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
2.3
Available(%)
0
Year 2010(%)
23
Year 2011(%)
18
Year 2012(%)
18
Year 2013(%)
41
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
5		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

64 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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MD Wholesale Food Market, 7951 Ocean Avenue & 7970 Tarbay Drive, Jessup, Maryland

8306 Patuxent Range Road & 8332 Bristol Court, Jessup, Maryland

8155 Stayton Drive, Jessup, Maryland

The buildings are located in the MD Wholesale Food Market which is just off US Route 1 at Route 175. Two, one story, masonry and metal, multi-tenant warehouse buildings. Roof systems are metal.

Located in the Balt/Wash Industrial Park (BWIP), which is just off of US Route 1 between Route 175 and Route 32. One story, concrete tilt up multi-tenant warehouse buildings. Roof system is membrane/EPDM.

Located in the Balt/Wash Industrial Park which is just off Route 1 between Route 175 and Route 32. One story, masonry, multi-tenant warehouse/flex building. Roof system is built-up tar.

Details

Details

Details

Details Details Details Details Details Details Details
Metro area
Baltimore
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
M-1
Year Built
1987
Site Area(acres)
19.7
Lettable Area(‘000sf)
454.0
Site Coverage(%)
53
Number of Buildings
2
Number of Units
4
Average Unit Size(‘000sf)
113.0
Office Content(%)
1
Car ParkingSpaces
107
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
16.7
Book Value(US$m)
18.8
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
18.8
Market CapRate(%)
8.50
Average Net PassingRent(US$/sf)
3.48
Average Net Market Rent(US$/sf)
4.00
Initial Yield(%)
9.08
Discount Rate(%)
9.75
Major Tenant
B&E Storage
Leased ByArea(%)
88
Weighted Lease Term byIncome(years)
3.7
Available(%)
11
Year 2010(%)
21
Year 2011(%)
21
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
47
Year 2016(%)
0		 Metro area
Baltimore
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
M-2 MaufacturingHeavy
Year Built
1985
Site Area(acres)
9.1
Lettable Area(‘000sf)
152.0
Site Coverage(%)
38
Number of Buildings
2
Number of Units
15
Average Unit Size(‘000sf)
10.0
Office Content(%)
22
Car ParkingSpaces
134
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
10.1
Book Value(US$m)
11.4
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
11.4
Market CapRate(%)
8.00
Average Net PassingRent(US$/sf)
6.97
Average Net Market Rent(US$/sf)
6.50
Initial Yield(%)
8.17
Discount Rate(%)
9.00
Major Tenant
National Coatings,Inc.
Leased ByArea(%)
77
Weighted Lease Term byIncome(years)
1.7
Available(%)
22
Year 2010(%)
38
Year 2011(%)
20
Year 2012(%)
13
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
7
Year 2016(%)
0		 Metro area
Baltimore
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
M-2 ManufacturingHeavy
Year Built
1985
Site Area(acres)
8.9
Lettable Area(‘000sf)
126.0
Site Coverage(%)
32
Number of Buildings
1
Number of Units
4
Average Unit Size(‘000sf)
31.0
Office Content(%)
6
Car ParkingSpaces
90
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
6.0
Book Value(US$m)
7.8
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
7.8
Market CapRate(%)
7.75
Average Net PassingRent(US$/sf)
5.00
Average Net Market Rent(US$/sf)
5.25
Initial Yield(%)
7.44
Discount Rate(%)
9.00
Major Tenant
Builder Resource Supply
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
3.4
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
71
Year 2013(%)
0
Year 2014(%) 0
Year 2015(%)
 0
Year 2016(%) 29
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo NortH AMErICA CoNtINUED

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1015 & 1025 West Nursery Road, Linthicum Heights, Maryland

Cabot Techs, 989-991 Corporate Boulevard, Linthicum Heights, Maryland

NE Baltimore, 21 & 23 Fontana Lane, Rosedale, Maryland

Located just east of the intersection of I-295 (Balt/Wash Expressway) and I-695 (Balt Beltway) interchange. Two one-story, masonry and metal, multi-tenant, warehouse/flex buildings. Roof systems are metal.

Located just northeast of the intersection of I-295 (Balt/Wash Expressway) and I-95. Onestory, masonry, multi-tenant, flex buildings. Roof systems are membrane/EPDM.

The buildings are located just off Route 7, one-half mile north of I-695 (Baltimore Beltway). Two, one story, masonry multi-tenant warehouse/flex buildings. Roof systems are membrane/EPDM.

Details

Details

Details

Details Details Details
Metro area
Baltimore
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
W1 - Industrial Park District
Year Built
1990
Site Area(acres)
7.8
Lettable Area(‘000sf)
88.0
Site Coverage(%)
26
Number of Buildings
2
Number of Units
5
Average Unit Size(‘000sf)
18.0
Office Content(%)
46
Car ParkingSpaces
210
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
6.8
Book Value(US$m)
7.3
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
7.3
Market CapRate(%)
8.00
Average Net PassingRent(US$/sf)
7.26
Average Net Market Rent(US$/sf)
7.50
Initial Yield(%)
8.14
Discount Rate(%)
9.00
Major Tenant
DHL Express(USA),Inc.
Leased ByArea(%)
99
Weighted Lease Term byIncome(years)
2.3
Available(%)
1
Year 2010(%)
0
Year 2011(%)
64
Year 2012(%)
0
Year 2013(%)
14
Year 2014(%)
21
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Baltimore
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
W1 - Industrial Park District
Year Built
1999
Site Area(acres)
10.5
Lettable Area(‘000sf)
131.0
Site Coverage(%)
29
Number of Buildings
2
Number of Units
6
Average Unit Size(‘000sf)
22.0
Office Content(%)
81
Car ParkingSpaces
660
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
17.7
Book Value(US$m)
25.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
25.0
Market CapRate(%)
8.00
Average Net PassingRent(US$/sf)
15.92
Average Net Market Rent(US$/sf)
15.50
Initial Yield(%)
8.03
Discount Rate(%)
9.00
Major Tenant
Erickson Retirement Communitie
Leased ByArea(%)
96
Weighted Lease Term byIncome(years)
2.0
Available(%)
4
Year 2010(%)
0
Year 2011(%)
60
Year 2012(%)
15
Year 2013(%)
8
Year 2014(%)
13
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Baltimore
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
ML-IM
Year Built
1988
Site Area(acres)
7.0
Lettable Area(‘000sf)
109.0
Site Coverage(%)
36
Number of Buildings
2
Number of Units
14
Average Unit Size(‘000sf)
8.0
Office Content(%)
33
Car ParkingSpaces
236
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
6.3
Book Value(US$m)
7.2
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
7.2
Market CapRate(%)
8.25
Average Net PassingRent(US$/sf)
6.57
Average Net Market Rent(US$/sf)
5.75
Initial Yield(%)
8.75
Discount Rate(%)
9.00
Major Tenant
Goodman Distribution,Inc.
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
2.2
Available(%)
0
Year 2010(%)
23
Year 2011(%)
39
Year 2012(%)
21
Year 2013(%)
4
Year 2014(%)
4
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
10
Year 2018(%)
0
Year 2019+(%)
0

66 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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10 Kenwood Circle, Franklin, Massachusetts

Braemar Ridge, 7500 West 78th Street, Bloomington, Minnesota

Brooklyn Park Interstate Center, 7700 68th Avenue, Brooklyn Park, Minnesota

The property is located at the intersection of 495 and Route 140 (Exit 17) at Grove Street. One story, masonry multi-tenant warehouse buildings. Roof system is built up tar.

The property is located in the Southwest submarket, on the north side of Interstate 494 frontage road between Highway 169 and Highway 100. One-story, concrete block construction with steel columns and brick veneer and decorative metal canopies, multitenant flex building. Roof system is 3-ply builtup asphalt, bituminous membrane over rigid insulation.

The property is located in the Northwest submarket, on Interstate 694 with access from the intersection of Interstate 694 and County Road 81. One-story, concrete block with steel frame construction, multi-tenant warehouse building. Roof system is 3-ply built-up asphalt, bituminous membrane over rigid insulation.

Details

Details

Details

Details Details Details Details Details
Metro area
Boston
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
M1
Year Built
1987
Site Area(acres)
11.6
Lettable Area(‘000sf)
153.0
Site Coverage(%)
30
Number of Buildings
1
Number of Units
3
Average Unit Size(‘000sf)
51.0
Office Content(%)
4
Car ParkingSpaces
158
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
9.3
Book Value(US$m)
8.4
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
8.4
Market CapRate(%)
8.50
Average Net PassingRent(US$/sf)
2.91
Average Net Market Rent(US$/sf)
5.50
Initial Yield(%)
5.02
Discount Rate(%)
10.00
Major Tenant
KSI TradingCorporation
Leased ByArea(%)
53
Weighted Lease Term byIncome(years)
9.2
Available(%)
47
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Minneapolis
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
FD-2, Freeway Development and FD-2 (FH),
FreewayDevelopment Flood Hazard
Year Built
1983
Site Area(acres)
6.1
Lettable Area(‘000sf)
74.0
Site Coverage(%)
28
Number of Buildings
1
Number of Units
12
Average Unit Size(‘000sf)
6.0
Office Content(%)
48
Car ParkingSpaces
208
Acquisition Date
Nov-2005
Acquisition Priceplus Additions(US$m)
4.7
Book Value(US$m)
4.3
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
4.3
Market CapRate(%)
8.50
Average Net PassingRent(US$/sf)
4.87
Average Net Market Rent(US$/sf)
6.90
Initial Yield(%)
8.40
Discount Rate(%)
10.00
Major Tenant
StirlingCritical Products
Leased ByArea(%)
70
Weighted Lease Term byIncome(years)
2.4
Available(%)
30
Year 2010(%)
27
Year 2011(%)
0
Year 2012(%)
26
Year 2013(%)
0
Year 2014(%)
4
Year 2015(%)
13		 Metro area
Minneapolis
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
I-1,Limited Industrial District
Year Built
1997
Site Area(acres)
6.0
Lettable Area(‘000sf)
92.0
Site Coverage(%)
35
Number of Buildings
1
Number of Units
4
Average Unit Size(‘000sf)
23.0
Office Content(%)
7
Car ParkingSpaces
146
Acquisition Date
Nov-2005
Acquisition Priceplus Additions(US$m)
4.7
Book Value(US$m)
2.9
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
2.9
Market CapRate(%)
8.50
Average Net PassingRent(US$/sf)
1.31
Average Net Market Rent(US$/sf)
4.62
Initial Yield(%)
4.16
Discount Rate(%)
10.50
Major Tenant
JL Rosewood Corporation
Leased ByArea(%)
25
Weighted Lease Term byIncome(years)
0.4
Available(%)
72
Year 2010(%)
28
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%) 0
Year 2015(%)
Year 2016(%)		 0
0


Year 2017(%)
0
Year 2018+(%)
0
Year 2019+(%)
53		 Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo NortH AMErICA CoNtINUED

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Eagandale Business Campus, 1285 & 1301 Corporate Centre Drive 1230 & 1270 Eagan Industrial Road, Eagan, Minnesota

The property is located in the South Central submarket, just south of Interstate 494 and Pilot Knob Road. The Minneapolis International Airport is located within 5 miles of the property. Four one-story, concrete block with brick fascia, multi-tenant flex buildings. Roof system is 3-ply built-up asphalt, bituminous membrane over rigid insulation.

7401 Cahill Road, Minneapolis, Minnesota

Cahill Road is located off Hwy 169, just south of the Hwy 169 and I-694 interchange. I-694 serves as a beltway for the Twin Cities. One story, masonry, multi-tenant, warehouse building. Roof system is built up tar.

6105 Trenton Lane North, Minneapolis, Minnesota

Trenton Lane is located off Hwy 169, just south of the Hwy 169 and I-694 interchange. I-694 serves as a beltway for the Twin Cities. One story, pre-cast concrete tilt-up, single tenant, warehouse building. Roof system is built up tar.

Details

Details

Details

Details Details Details
Metro area
Minneapolis
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
I-1, Limited Industrial District and located
in MSP Noise Exposure Zone 3
Year Built
1986
Site Area(acres)
20.4
Lettable Area(‘000sf)
240.0
Site Coverage(%)
27
Number of Buildings
4
Number of Units
38
Average Unit Size(‘000sf)
6.0
Office Content(%)
66
Car ParkingSpaces
977
Acquisition Date
Nov-2005
Acquisition Priceplus Additions(US$m)
16.2
Book Value(US$m)
13.3
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
13.3
Market CapRate(%)
8.50
Average Net PassingRent(US$/sf)
6.25
Average Net Market Rent(US$/sf)
6.83
Initial Yield(%)
11.28
Discount Rate(%)
10.25
Major Tenant
Micromedics,Inc.
Leased ByArea(%)
84
Weighted Lease Term byIncome(years)
2.2
Available(%)
15
Year 2010(%)
23
Year 2011(%)
14
Year 2012(%)
34
Year 2013(%)
1
Year 2014(%)
5
Year 2015(%)
8		 Metro area
Minneapolis
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
PID - Planned Industrial District
Year Built
1979
Site Area(acres)
3.2
Lettable Area(‘000sf)
46.0
Site Coverage(%)
32
Number of Buildings
1
Number of Units
4
Average Unit Size(‘000sf)
11.0
Office Content(%)
22
Car ParkingSpaces
75
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
2.9
Book Value(US$m)
2.4
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
2.4
Market CapRate(%)
8.50
Average Net PassingRent(US$/sf)
6.17
Average Net Market Rent(US$/sf)
5.34
Initial Yield(%)
11.99
Discount Rate(%)
10.00
Major Tenant
Professional Reproductions,Inc.
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
4.1
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
21
Year 2013(%)
0
Year 2014(%)
79
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Minneapolis
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
I-2 Industrial,Cityof Plymouth
Year Built
1994
Site Area(acres)
11.8
Lettable Area(‘000sf)
122.0
Site Coverage(%)
24
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
122.0
Office Content(%)
36
Car ParkingSpaces
407
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
7.2
Book Value(US$m)
6.9
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
6.9
Market CapRate(%)
8.00
Average Net PassingRent(US$/sf)
5.25
Average Net Market Rent(US$/sf)
5.25
Initial Yield(%)
9.29
Discount Rate(%)
9.00
Major Tenant
Select Comfort Corporation
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
8.3
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
100
Year 2019+(%)
0

68 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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8575 Monticello Lane, Osseo, Minnesota

2950 Lexington Avenue South, St Paul, Minnesota

2222-2298 Wooddale Drive, St Paul, Minnesota

Monticello Lane is located off Hwy 169, just north of the Hwy 169 and I-694 interchange. I-694 serves as a beltway for the Twin Cities. One story, masonry, single tenant, warehouse building. Roof system is membrane/EPDM.

Located off the Loan Oak Road exit 35E, just south of the I-35 E/I- 494 interchange. I-494 connects with I-694 serving as a belt way for the twin cities. One story, concrete tilt-up, multitenant, warehouse building. Roof system is built up tar.

Located off Hwy 10 and 35E, just north of the I-35/I-694 interchange. I-694 serves as a beltway for the Twin Cities. Four one story, masonry, multi-tenant, warehouse buildings. Roof systems are membrane/EPDM.

Details

Details

Details

Details Details Details Details Details Details Details
Metro area
Minneapolis
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
I - Industrial,Cityof Maple Grove
Year Built
1986
Site Area(acres)
3.0
Lettable Area(‘000sf)
39.0
Site Coverage(%)
30
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
39.0
Office Content(%)
5
Car ParkingSpaces
53
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
1.5
Book Value(US$m)
1.7
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
1.7
Market CapRate(%)
8.75
Average Net PassingRent(US$/sf)
5.00
Average Net Market Rent(US$/sf)
5.00
Initial Yield(%)
10.52
Discount Rate(%)
10.25
Major Tenant
Cybergun International SA
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
1.5
Available(%)
0
Year 2010(%)
0
Year 2011(%)
100
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Minneapolis
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
I 1 - Limited Industrial
Year Built
1979
Site Area(acres)
12.6
Lettable Area(‘000sf)
184.0
Site Coverage(%)
34
Number of Buildings
1
Number of Units
6
Average Unit Size(‘000sf)
31.0
Office Content(%)
12
Car ParkingSpaces
271
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
7.9
Book Value(US$m)
7.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
7.0
Market CapRate(%)
8.50
Average Net PassingRent(US$/sf)
2.73
Average Net Market Rent(US$/sf)
4.33
Initial Yield(%)
7.15
Discount Rate(%)
10.50
Major Tenant
Florstar Sales,Inc
Leased ByArea(%)
63
Weighted Lease Term byIncome(years)
1.8
Available(%)
37
Year 2010(%)
20
Year 2011(%)
17
Year 2012(%)
0
Year 2013(%)
26
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Minneapolis
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
PUD,Cityof Mounds View
Year Built
1989
Site Area(acres)
22.7
Lettable Area(‘000sf)
321.0
Site Coverage(%)
32
Number of Buildings
4
Number of Units
12
Average Unit Size(‘000sf)
27.0
Office Content(%)
21
Car ParkingSpaces
717
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
19.6
Book Value(US$m)
15.9
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
15.9
Market CapRate(%)
8.50
Average Net PassingRent(US$/sf)
5.31
Average Net Market Rent(US$/sf)
5.53
Initial Yield(%)
11.36
Discount Rate(%)
10.00
Major Tenant
Quanex Corporation
Leased ByArea(%)
95
Weighted Lease Term byIncome(years)
1.7
Available(%)
5
Year 2010(%)
26
Year 2011(%)
28
Year 2012(%)
23
Year 2013(%)
13
Year 2014(%) 0
Year 2015(%)
 0
Year 2016(%) 0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018+(%)
0
Year 2019+(%)
5

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo NortH AMErICA CoNtINUED

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9900 Brookford Street, Charlotte, North Carolina

The property is located northwest Intersection of I-77, Westinghouse Blvd exit and southwest of the I-485, Tyron Avenue exit. One story, masonry, multi-tenant warehouse building. Roof systems are membrane EPDM.

Commerce Park, 11517 Cordage 3520-3600 Westinghouse Street & 10900 S Commerce Boulevard, Charlotte, North Boulevard, Charlotte, North Carolina Carolina

Located at the intersection of I-77 and Westinghouse Blvd. Three one story, concrete tilt-up/masonry, multi-tenant warehouse buildings. Roof systems are membrane EPDM and built up tar.

The property is southwest of I-485 and northeast of Route 160 at the intersection of Westinghouse Blvd and Goodrich Drive. Four one story, concrete tilt-up masonry, single tenant warehouse buildings. Roof systems are membrane EPDM.

Details

Details

Details

Details Details Details
Metro area
Charlotte
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
I-2
Year Built
1984
Site Area(acres)
10.8
Lettable Area(‘000sf)
122.0
Site Coverage(%)
26
Number of Buildings
1
Number of Units
2
Average Unit Size(‘000sf)
61.0
Office Content(%)
12
Car ParkingSpaces
80
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
3.5
Book Value(US$m)
3.4
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
3.4
Market CapRate(%)
10.00
Average Net PassingRent(US$/sf)
3.25
Average Net Market Rent(US$/sf)
3.15
Initial Yield(%)
4.29
Discount Rate(%)
10.50
Major Tenant
VisyRecycling,Inc.
Leased ByArea(%)
51
Weighted Lease Term byIncome(years)
3.1
Available(%)
49
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
51
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Charlotte
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
I-2
Year Built
1981
Site Area(acres)
11.3
Lettable Area(‘000sf)
193.0
Site Coverage(%)
39
Number of Buildings
2
Number of Units
10
Average Unit Size(‘000sf)
19.0
Office Content(%)
10
Car ParkingSpaces
122
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
6.5
Book Value(US$m)
6.5
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
6.5
Market CapRate(%)
9.00
Average Net PassingRent(US$/sf)
3.84
Average Net Market Rent(US$/sf)
3.51
Initial Yield(%)
9.28
Discount Rate(%)
9.75
Major Tenant
Lisa A La Cart Inc.
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
1.5
Available(%)
0
Year 2010(%)
41
Year 2011(%)
30
Year 2012(%)
20
Year 2013(%)
9
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Charlotte
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
I-2
Year Built
1984
Site Area(acres)
31.1
Lettable Area(‘000sf)
569.0
Site Coverage(%)
42
Number of Buildings
4
Number of Units
5
Average Unit Size(‘000sf)
114.0
Office Content(%)
6
Car ParkingSpaces
406
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
17.7
Book Value(US$m)
18.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
18.0
Market CapRate(%)
7.00
Average Net PassingRent(US$/sf)
3.54
Average Net Market Rent(US$/sf)
3.24
Initial Yield(%)
6.94
Discount Rate(%)
10.00
Major Tenant
Northern Tool & Equipment Co.
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
1.9
Available(%)
0
Year 2010(%)
48
Year 2011(%)
27
Year 2012(%)
15
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
10
Year 2018(%)
0
Year 2019+(%)
0

70 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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World Park, 9756 & 9842 International Boulevard, Cincinnati, Ohio

10013-11093 Kenwood Road, Cincinnati, Ohio

4560 & 4570 Lake Forest Drive, Cincinnati, Ohio

West of I-75 and east of Route 747. The property is located near the intersection of International Blvd and Duff Drive. Two one story, concrete tilt-up, single tenant warehouse buildings. Roof systems are built up tar.

The property is located just west of the I-71/I-275 interchange. Seven one story, concrete tilt-up/masonry and metal, single/ multi- tenant warehouse buildings. Roof systems are built up tar and metal.

Northwest of I-71 and proximate to the Blue Ash Airport, just off Reed Hartman Highway. Two one story, masonry and metal, multitenant warehouse buildings. Roof systems are built up tar.

Details

Details

Details

Details Details Details Details Details Details Details
Metro area
Cincinnati
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
M-2 General Industrial
Year Built
1990
Site Area(acres)
23.4
Lettable Area(‘000sf)
397.0
Site Coverage(%)
39
Number of Buildings
2
Number of Units
2
Average Unit Size(‘000sf)
198.0
Office Content(%)
4
Car ParkingSpaces
363
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
10.8
Book Value(US$m)
8.7
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
8.7
Market CapRate(%)
8.50
Average Net PassingRent(US$/sf)
2.28
Average Net Market Rent(US$/sf)
2.50
Initial Yield(%)
9.21
Discount Rate(%)
9.25
Major Tenant
The Wornick Company
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
1.2
Available(%)
0
Year 2010(%)
40
Year 2011(%)
60
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Cincinnati
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
M-1 Industrial District
Year Built
1964
Site Area(acres)
40.6
Lettable Area(‘000sf)
770.0
Site Coverage(%)
44
Number of Buildings
7
Number of Units
11
Average Unit Size(‘000sf)
70.0
Office Content(%)
4
Car ParkingSpaces
340
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
16.5
Book Value(US$m)
17.1
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
17.1
Market CapRate(%)
8.50
Average Net PassingRent(US$/sf)
2.85
Average Net Market Rent(US$/sf)
2.50
Initial Yield(%)
8.83
Discount Rate(%)
9.00
Major Tenant
Commonwealth,Inc.
Leased ByArea(%)
99
Weighted Lease Term byIncome(years)
3.2
Available(%)
1
Year 2010(%)
50
Year 2011(%)
9
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
41
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Cincinnati
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
M-1 Industrial District
Year Built
1978
Site Area(acres)
23.0
Lettable Area(‘000sf)
419.0
Site Coverage(%)
42
Number of Buildings
2
Number of Units
11
Average Unit Size(‘000sf)
38.0
Office Content(%)
5
Car ParkingSpaces
181
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
10.4
Book Value(US$m)
10.4
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
10.4
Market CapRate(%)
8.50
Average Net PassingRent(US$/sf)
2.66
Average Net Market Rent(US$/sf)
2.70
Initial Yield(%)
9.85
Discount Rate(%)
9.25
Major Tenant
Patheon Pharmaceuticals
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
3.9
Available(%)
0
Year 2010(%)
6
Year 2011(%)
22
Year 2012(%)
16
Year 2013(%)
0
Year 2014(%) 24
Year 2015(%)
 32
Year 2016(%) 0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo NortH AMErICA CoNtINUED

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4343 & 4401 Equity Drive, 16141634 & 1999 Westbelt Drive & 1901-1919 Dividend Drive, Columbus, Ohio

The properties are located just north of the I-70 and I-270 interchange, between Tribune Road and Roberts Road. Five one story, concrete tilt up, multi tenant warehouse/flex buildings. Roof systems are built-up tar and membrane/EPDM.

2700 International Street, Columbus, Ohio

Northwest of the I-270 and Roberts Road interchange. Single one story concrete tilt up, multi tenant warehouse building. Roof system is membrane/EPDM.

SE Columbus, 2550 John Glenn Avenue & 2626 Port Road, Columbus, Ohio

Intersection of 270 and Alum Creek Drive at Rickenbacker Airport. Two one story, concrete tilt up, multi tenant warehouse buildings.

Details

Details

Details

Details Details
Details
Metro area
Columbus
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
M-2 ManufacturingDistrict
Year Built
1980
Site Area(acres)
55.9
Lettable Area(‘000sf)
920.0
Site Coverage(%)
38
Number of Buildings
5
Number of Units
10
Average Unit Size(‘000sf)
92.0
Office Content(%)
31
Car ParkingSpaces
972
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
32.3
Book Value(US$m)
30.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
30.0
Market CapRate(%)
8.50
Average Net PassingRent(US$/sf)
2.45
Average Net Market Rent(US$/sf)
2.75
Initial Yield(%)
9.54
Discount Rate(%)
9.25
Major Tenant
Tri State Gift Association Inc.
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
4.6
Available(%)
0
Year 2010(%)
6
Year 2011(%)
36
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
21
Year 2015(%)
16
Year 2016(%)
0		 Metro area
Columbus
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
M ManufacturingDistrict
Year Built
1988
Site Area(acres)
12.4
Lettable Area(‘000sf)
153.0
Site Coverage(%)
28
Number of Buildings
1
Number of Units
2
Average Unit Size(‘000sf)
76.0
Office Content(%)
7
Car ParkingSpaces
390
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
3.9
Book Value(US$m)
3.5
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
3.5
Market CapRate(%)
8.50
Average Net PassingRent(US$/sf)
1.87
Average Net Market Rent(US$/sf)
2.50
Initial Yield(%)
9.88
Discount Rate(%)
9.50
Major Tenant
USF Distribution Services
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
0.8
Available(%)
0
Year 2010(%)
100
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Metro area
Columbus
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
Industrial,Cityof Columbus
Year Built
1995
Site Area(acres)
17.5
Lettable Area(‘000sf)
362.0
Site Coverage(%)
47
Number of Buildings
2
Number of Units
4
Average Unit Size(‘000sf)
90.0
Office Content(%)
10
Car ParkingSpaces
229
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
11.6
Book Value(US$m)
9.5
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
9.5
Market CapRate(%)
8.25
Average Net PassingRent(US$/sf)
2.90
Average Net Market Rent(US$/sf)
2.75
Initial Yield(%)
9.91
Discount Rate(%)
9.00
Major Tenant
Amerisourcebergen DrugCorp
Leased ByArea(%)
93
Weighted Lease Term byIncome(years)
4.9
Available(%)
7
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
8
Year 2013(%)
39
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
46
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
22		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

72 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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3800 Twin Creeks Drive, Columbus, Ohio

124 Commerce Boulevard, Loveland, Ohio

Mechanicsburg, 5045 Ritter Road & 201 Cumberland Parkway, Harrisburg, Pennsylvania

The property is located just east of the I-70/I-270 interchange, at the N. Wilson Road Exit. One story, concrete tilt up, multi tenant warehouse building. New fully adhered EPDM roof.

The property is located just south of the I-71/ Fields Ertel Road exit at Loveland Industrial Park. One story, masonry, single tenant warehouse building. Roof system is metal.

Two, single story, single tenant, industrial distribution facilities. 5045 Ritter Road is located within the Rossmoyne Industrial Park and contains 37,800 square feet and has 38 parking spaces. Exterior walls consist of concrete block with brick veneer.

Details

Details

Details

Details Details Details Details Details Details Details
Metro area
Columbus
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
LM ManufacturingDistrict,Limited Overlay
Year Built
1989
Site Area(acres)
9.8
Lettable Area(‘000sf)
176.0
Site Coverage(%)
41
Number of Buildings
1
Number of Units
5
Average Unit Size(‘000sf)
35.0
Office Content(%)
11
Car ParkingSpaces
95
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
4.0
Book Value(US$m)
4.7
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
4.7
Market CapRate(%)
8.50
Average Net PassingRent(US$/sf)
2.72
Average Net Market Rent(US$/sf)
2.75
Initial Yield(%)
9.45
Discount Rate(%)
9.25
Major Tenant
R.J. Schinner & Co.,Inc.
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
3.0
Available(%)
0
Year 2010(%)
0
Year 2011(%)
9
Year 2012(%)
80
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Cincinnati
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
L-1 Light Industrial
Year Built
1989
Site Area(acres)
4.3
Lettable Area(‘000sf)
35.0
Site Coverage(%)
18
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
35.0
Office Content(%)
13
Car ParkingSpaces
86
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
2.0
Book Value(US$m)
2.1
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
2.1
Market CapRate(%)
8.50
Average Net PassingRent(US$/sf)
6.57
Average Net Market Rent(US$/sf)
5.75
Initial Yield(%)
10.72
Discount Rate(%)
9.00
Major Tenant
Federal Express Kinkos Corp
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
1.6
Available(%)
0
Year 2010(%)
0
Year 2011(%)
100
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Harrisburg
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
Industrial Zone
Year Built
1986
Site Area(acres)
27.5
Lettable Area(‘000sf)
378.0
Site Coverage(%)
32
Number of Buildings
2
Number of Units
2
Average Unit Size(‘000sf)
189.0
Office Content(%)
3
Car ParkingSpaces
189
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
15.5
Book Value(US$m)
17.8
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
17.8
Market CapRate(%)
8.00
Average Net PassingRent(US$/sf)
3.99
Average Net Market Rent(US$/sf)
4.03
Initial Yield(%)
8.00
Discount Rate(%)
9.25
Major Tenant
Square D Company
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
5.9
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%) 7
Year 2015(%)
 0
Year 2016(%) 93
Year 2017(%)
0
Year 2018(%)
12
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo NortH AMErICA CoNtINUED

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6350 & 6360 Brackbill Boulevard, Mechanicsburg, Pennsylvania

181 Fulling Mill Road, Middletown, Pennsylvania

Memphis Industrial, 3965 Pilot Drive, Memphis, Tennessee

Two, single story, masonry and metal, single tenant, industrial distribution facilities. Both buildings offer single side loading with a common truck court located between the two buildings. The property is also rail served with rail side loading located along the southern elevations. The area benefits from good access to I-81 and the Pennsylvania Turnpike.

The property is located off I-283 (north of I-76) at N. Union Street and Fulling Mill Road in Dauphin County near Harrisburg. One story, masonry and metal, multi-tenant, warehouse building. Roof system is metal.

Due north of the intersection of I-240 and 78 (Lamer Avenue) on Pilot Drive. One story, brick and steel, single tenant, warehouse building. Roof system is metal.

Details

Details

Details

Details Details Details
Metro area
Harrisburg
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
Industrial Zone
Year Built
1984
Site Area(acres)
28.5
Lettable Area(‘000sf)
494.0
Site Coverage(%)
40
Number of Buildings
2
Number of Units
2
Average Unit Size(‘000sf)
247.0
Office Content(%)
2
Car ParkingSpaces
92
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
18.9
Book Value(US$m)
13.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
13.0
Market CapRate(%)
9.50
Average Net PassingRent(US$/sf)
-
Average Net Market Rent(US$/sf)
2.92
Initial Yield(%)
-
Discount Rate(%)
10.50
Major Tenant
-
Leased ByArea(%)
-
Weighted Lease Term byIncome(years)
-
Available(%)
100
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Harrisburg
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
Industrial Zone
Year Built
1999
Site Area(acres)
10.6
Lettable Area(‘000sf)
186.0
Site Coverage(%)
40
Number of Buildings
1
Number of Units
3
Average Unit Size(‘000sf)
62.0
Office Content(%)
3
Car ParkingSpaces
113
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
7.7
Book Value(US$m)
8.9
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
8.9
Market CapRate(%)
8.00
Average Net PassingRent(US$/sf)
4.34
Average Net Market Rent(US$/sf)
4.25
Initial Yield(%)
7.92
Discount Rate(%)
9.25
Major Tenant
Pratt & WhitneyAmercon Inc.
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
2.4
Available(%)
0
Year 2010(%)
33
Year 2011(%)
0
Year 2012(%)
32
Year 2013(%)
0
Year 2014(%)
35
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Memphis
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
I L - Light Industrial
Year Built
1987
Site Area(acres)
16.0
Lettable Area(‘000sf)
336.0
Site Coverage(%)
48
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
336.0
Office Content(%)
1
Car ParkingSpaces
342
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
7.9
Book Value(US$m)
5.2
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
5.2
Market CapRate(%)
9.25
Average Net PassingRent(US$/sf)
-
Average Net Market Rent(US$/sf)
2.25
Initial Yield(%)
-
Discount Rate(%)
10.00
Major Tenant
-
Leased ByArea(%)
-
Weighted Lease Term byIncome(years)
-
Available(%)
100
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

74 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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912 113th Street & 2300 East Randoll Mill Road, Arlington, Texas

1413 Bradley Lane, Carrollton, Texas

455 Airline Drive, Coppell, Texas

912 113th St is located near Interstate Highway 30 in Arlington, Texas, Tarrant County. 2300 Randol Mill Rd. is located between Interstate Highway 30 and Interstate Highway 20 just west of Highway 360. Two single story, concrete tilt up, single tenant flex buildings. Roof systems are membrane/EPDM.

Situated east of Highway 35 in Carrollton, Texas, Denton County. The property can be accessed from Dickerson Parkway or Bradley Lane. One single story, concrete tilt up, single tenant office/warehouse building. Roof system is membrane/EPDM.

Located east of Highway 635 in the city of Coppell, Dallas County, Texas. This property is accessible from Airline Drive. One single story, concrete tilt up, single tenant warehouse/ distribution building. Roof system is membrane/ EPDM.

Details

Details

Details

Details Details Details Details Details Details Details
Metro area
Dallas
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
IM - Industrial Manufacturing
Year Built
1979
Site Area(acres)
7.3
Lettable Area(‘000sf)
131.0
Site Coverage(%)
41
Number of Buildings
2
Number of Units
2
Average Unit Size(‘000sf)
65.0
Office Content(%)
52
Car ParkingSpaces
274
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
7.3
Book Value(US$m)
6.9
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
6.9
Market CapRate(%)
9.00
Average Net PassingRent(US$/sf)
6.30
Average Net Market Rent(US$/sf)
5.40
Initial Yield(%)
11.26
Discount Rate(%)
9.50
Major Tenant
Donruss Playoff,L.P.
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
1.8
Available(%)
0
Year 2010(%)
0
Year 2011(%)
100
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Dallas
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
Office/Warehouse
Year Built
1984
Site Area(acres)
3.0
Lettable Area(‘000sf)
57.0
Site Coverage(%)
43
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
57.0
Office Content(%)
6
Car ParkingSpaces
76
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
2.6
Book Value(US$m)
2.1
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
2.1
Market CapRate(%)
9.00
Average Net PassingRent(US$/sf)
4.00
Average Net Market Rent(US$/sf)
4.00
Initial Yield(%)
11.00
Discount Rate(%)
9.50
Major Tenant
Allmetal,Inc.
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
4.2
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
100
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Dallas
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
LI 1 - Light Industrial
Year Built
1991
Site Area(acres)
3.4
Lettable Area(‘000sf)
75.0
Site Coverage(%)
50
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
75.0
Office Content(%)
4
Car ParkingSpaces
82
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
2.6
Book Value(US$m)
2.8
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
2.8
Market CapRate(%)
8.50
Average Net PassingRent(US$/sf)
3.61
Average Net Market Rent(US$/sf)
3.50
Initial Yield(%)
8.50
Discount Rate(%)
9.25
Major Tenant
Toyo Tire(USA)Corporation
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
2.3
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
100
Year 2013(%)
0
Year 2014(%) 0
Year 2015(%)
 0
Year 2016(%) 0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo NortH AMErICA CoNtINUED

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555 Airline Drive, Coppell, Texas

1900 Diplomat Drive, Dallas, Texas

2055 Diplomat Drive, Dallas, Texas

Situated east of Highway 35 in Carrollton, Texas, Denton County. The property can be accessed from Dickerson Parkway or Bradley Lane. One single story, concrete tilt up, single tenant office/warehouse building. Roof system is membrane/EPDM.

Located west of Highway 35 in Carrollton, Texas, Denton County. The property is accessible by Benchmark Drive and Diplomat Drive. One single story, concrete tilt up, multitenant flex building. Roof system is built up tar.

Located west of Highway 35 in Carrollton, Texas, Denton County. The property is accessible by Benchmark Drive and Diplomat Drive. One single story, concrete tilt up, single tenant flex building. Roof system is built up tar.

Details

Details

Details

Details Details Details
Metro area
Dallas
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
Office/Warehouse
Year Built
1990
Site Area(acres)
6.6
Lettable Area(‘000sf)
141.0
Site Coverage(%)
49
Number of Buildings
1
Number of Units
2
Average Unit Size(‘000sf)
70.0
Office Content(%)
14
Car ParkingSpaces
242
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
5.5
Book Value(US$m)
5.1
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
5.1
Market CapRate(%)
8.50
Average Net PassingRent(US$/sf)
3.58
Average Net Market Rent(US$/sf)
3.32
Initial Yield(%)
8.98
Discount Rate(%)
9.25
Major Tenant
Rediform,Inc.
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
3.3
Available(%)
0
Year 2010(%)
0
Year 2011(%)
75
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Dallas
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
LI -1 Light Industrial
Year Built
1984
Site Area(acres)
4.4
Lettable Area(‘000sf)
83.0
Site Coverage(%)
43
Number of Buildings
1
Number of Units
2
Average Unit Size(‘000sf)
41.0
Office Content(%)
35
Car ParkingSpaces
157
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
3.9
Book Value(US$m)
3.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
3.0
Market CapRate(%)
9.00
Average Net PassingRent(US$/sf)
4.33
Average Net Market Rent(US$/sf)
4.16
Initial Yield(%)
10.43
Discount Rate(%)
9.50
Major Tenant
McDonald Technologies International
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
2.7
Available(%)
0
Year 2010(%)
0
Year 2011(%)
62
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
38
Year 2016(%)
0		 Metro area
Dallas
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
LI -1 Light Industrial
Year Built
1997
Site Area(acres)
2.6
Lettable Area(‘000sf)
53.0
Site Coverage(%)
46
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
53.0
Office Content(%)
30
Car ParkingSpaces
116
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
3.1
Book Value(US$m)
2.2
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
2.2
Market CapRate(%)
9.00
Average Net PassingRent(US$/sf)
4.50
Average Net Market Rent(US$/sf)
3.50
Initial Yield(%)
11.42
Discount Rate(%)
9.50
Major Tenant
Natural Health Trends,Corporation
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
2.4
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
100
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
25
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

76 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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11411, 11460-11480 & 1155011560 Hillguard Road, Dallas, Texas

The properties are located east of I 635 between Forest Lane and Miller Road. Three single story, concrete tilt up, multi-tenant warehouse/flex buildings. Roof systems are membrane/EPDM.

Details

Details
Metro area Dallas
BuildingType Industrial Estate
Ownership (%) 100
Co-Owner -
Zoning IR - Industrial Research District
Year Built 1980
Site Area(acres) 12.6
Lettable Area(‘000sf) 248.0
Site Coverage(%) 45
Number of Buildings 3
Number of Units 8
Average Unit Size(‘000sf) 31.0
Office Content(%) 14
Car ParkingSpaces 333
Acquisition Date Sep-2004
Acquisition Priceplus Additions(US$m) 7.6
Book Value(US$m) 7.9
Independent Valuation Date Jun-2009
Independent Valuation(US$m) 7.9
Market CapRate(%) 9.00
Average Net PassingRent(US$/sf) 3.57
Average Net Market Rent(US$/sf) 3.75
Initial Yield(%) 10.81
Discount Rate(%) 9.50
Major Tenant Sugar Stix Inc.
Leased ByArea(%) 92
Weighted Lease Term byIncome(years) 2.9
Available(%) 8
Year 2010(%) 0
Year 2011(%) 51
Year 2012(%) 21
Year 2013(%) 0
Year 2014(%) 8
Year 2015(%) 0
Year 2016(%) 0
Year 2017(%) 0
Year 2018(%) 12
Year 2019+(%) 0

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11011 Regency Crest Drive, Garland, Texas

CTC at Valwood, 13755 Hutton Drive, Dallas, Texas

The property is located east of I 635 in the city of Dallas, Dallas County, Texas. It is accessible from Sanden Drive and Regency Crest Drive. One single story, concrete tilt up, multi-tenant warehouse building. Roof system is built up tar.

This building is located in the northwest region of of Dallas County on the southwest corner of the intersection of Hutton Drive and Hutton Court between Route 175 and Route 32. Concrete tilt wall panels with glass storefront, multi-tenant, flex building. Roof system is membrane/EPDM.

Details

Details

Details Details Details Details
Metro area
Dallas
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
LI -1 Light Industrial
Year Built
2001
Site Area(acres)
3.2
Lettable Area(‘000sf)
47.0
Site Coverage(%)
34
Number of Buildings
1
Number of Units
2
Average Unit Size(‘000sf)
23.0
Office Content(%)
-
Car ParkingSpaces
187
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
2.9
Book Value(US$m)
3.1
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
3.1
Market CapRate(%)
9.00
Average Net PassingRent(US$/sf)
6.33
Average Net Market Rent(US$/sf)
6.51
Initial Yield(%)
9.57
Discount Rate(%)
9.25
Major Tenant
Lanvera,Ltd
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
2.5
Available(%)
0
Year 2010(%)
0
Year 2011(%)
34
Year 2012(%)
66
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Dallas
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
IR - Industrial Research
Year Built
1999
Site Area(acres)
8.8
Lettable Area(‘000sf)
177.0
Site Coverage(%)
46
Number of Buildings
1
Number of Units
4
Average Unit Size(‘000sf)
44.0
Office Content(%)
5
Car ParkingSpaces
287
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
6.1
Book Value(US$m)
5.9
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
5.9
Market CapRate(%)
8.50
Average Net PassingRent(US$/sf)
2.65
Average Net Market Rent(US$/sf)
3.50
Initial Yield(%)
8.16
Discount Rate(%)
10.00
Major Tenant
Trane
Leased ByArea(%)
81
Weighted Lease Term byIncome(years)
2.7
Available(%)
20
Year 2010(%)
0
Year 2011(%)
25
Year 2012(%)
0
Year 2013(%)
55
Year 2014(%) 0
Year 2015(%)
 0
Year 2016(%) 0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo NortH AMErICA CoNtINUED

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Garland Jupiter, Garland, Texas

Plano Parkway, Plano, Texas

1800-1808 10th Street, Plano, Texas

This 25.6-acre development land site was purchased on 30 June 2006 and is located in Garland, Dallas, Texas.

This 13.5-acre development land site was purchased on 30 June 2006 and is located in Plano, Dallas, Texas.

These properties are located north of I-90 in the city of Plano, Collin County, Texas. Two, multi-tenant, concrete tilt-up, warehouse/flex buildings. Roof systems are built up tar.

Details

Details

Details

Details Details Details
Metro area
Dallas
BuildingType
Land
Ownership (%)
100
Co-Owner
-
Zoning
-
Year Built
-
Site Area(acres)
25.6
Lettable Area(‘000sf)
-
Site Coverage(%)
-
Number of Buildings
-
Number of Units
-
Average Unit Size(‘000sf)
-
Office Content(%)
-
Car ParkingSpaces
-
Acquisition Date
Jun-2006
Acquisition Priceplus Additions(US$m)
-
Book Value(US$m)
2.8
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
2.8
Market CapRate(%)
-
Average Net PassingRent(US$/sf)
-
Average Net Market Rent(US$/sf)
-
Initial Yield(%)
-
Discount Rate(%)
-
Major Tenant
-
Leased ByArea(%)
-
Weighted Lease Term byIncome(years)
-
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Dallas
BuildingType
Land
Ownership (%)
100
Co-Owner
-
Zoning
-
Year Built
-
Site Area(acres)
13.5
Lettable Area(‘000sf)
-
Site Coverage(%)
-
Number of Buildings
-
Number of Units
-
Average Unit Size(‘000sf)
-
Office Content(%)
-
Car ParkingSpaces
-
Acquisition Date
Jun-2006
Acquisition Priceplus Additions(US$m)
-
Book Value(US$m)
1.8
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
1.8
Market CapRate(%)
-
Average Net PassingRent(US$/sf)
-
Average Net Market Rent(US$/sf)
-
Initial Yield(%)
-
Discount Rate(%)
-
Major Tenant
-
Leased ByArea(%)
-
Weighted Lease Term byIncome(years)
-
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Dallas
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
LI -1 Light Industrial
Year Built
1986
Site Area(acres)
11.3
Lettable Area(‘000sf)
209.0
Site Coverage(%)
43
Number of Buildings
2
Number of Units
7
Average Unit Size(‘000sf)
30.0
Office Content(%)
12
Car ParkingSpaces
429
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
8.2
Book Value(US$m)
8.7
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
8.7
Market CapRate(%)
8.50
Average Net PassingRent(US$/sf)
3.75
Average Net Market Rent(US$/sf)
4.60
Initial Yield(%)
8.51
Discount Rate(%)
10.00
Major Tenant
The Picture People,Inc.
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
5.2
Available(%)
0
Year 2010(%)
0
Year 2011(%)
26
Year 2012(%)
0
Year 2013(%)
23
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
19
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
32
Year 2019+(%)
0

78 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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820-860 F Avenue, Plano, Texas

1600-1700 Capital Avenue, Plano, Texas

3601 East Plano Parkway & 1000 Shiloh Road, Plano, Texas

The property is located east of North Central Expressway in the city of Plano, Collin County, Texas. Three single story, masonry, multi-tenant flex buildings. Roof system is built up tar.

These buildings are located north of I-90 in the city of Plano, Collin County, Texas. Two, single story, concrete tilt-up, multi-tenant, warehouse/ flex buildings. Roof systems are built up tar.

North of I-90 and east of North Central Expressway. The properties are accessible from East Plano Parkway. Two one story, concrete tilt-up, multi-tenant warehouse/flex buildings. Roof systems are membrane/EPDM.

Details

Details

Details

Details Details Details Details Details Details Details
Metro area
Dallas
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
LI 1 - Light Industrial
Year Built
1984
Site Area(acres)
5.3
Lettable Area(‘000sf)
73.0
Site Coverage(%)
31
Number of Buildings
1
Number of Units
10
Average Unit Size(‘000sf)
7.0
Office Content(%)
80
Car ParkingSpaces
232
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
6.2
Book Value(US$m)
4.8
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
4.8
Market CapRate(%)
9.50
Average Net PassingRent(US$/sf)
9.83
Average Net Market Rent(US$/sf)
10.50
Initial Yield(%)
10.58
Discount Rate(%)
10.00
Major Tenant
Hope’s Door Inc.
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
3.0
Available(%)
0
Year 2010(%)
10
Year 2011(%)
38
Year 2012(%)
0
Year 2013(%)
36
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
16		 Metro area
Dallas
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
LI -1 Light Industrial
Year Built
1986
Site Area(acres)
5.7
Lettable Area(‘000sf)
101.0
Site Coverage(%)
40
Number of Buildings
2
Number of Units
5
Average Unit Size(‘000sf)
20.0
Office Content(%)
32
Car ParkingSpaces
225
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
5.4
Book Value(US$m)
4.8
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
4.8
Market CapRate(%)
9.00
Average Net PassingRent(US$/sf)
5.58
Average Net Market Rent(US$/sf)
5.04
Initial Yield(%)
10.89
Discount Rate(%)
10.00
Major Tenant
ProbityElectronics
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
2.9
Available(%)
0
Year 2010(%)
0
Year 2011(%)
32
Year 2012(%)
13
Year 2013(%)
16
Year 2014(%)
39
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Dallas
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
RT - Research Technology
Year Built
1998
Site Area(acres)
19.5
Lettable Area(‘000sf)
287.0
Site Coverage(%)
34
Number of Buildings
2
Number of Units
8
Average Unit Size(‘000sf)
36.0
Office Content(%)
8
Car ParkingSpaces
600
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
11.1
Book Value(US$m)
9.4
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
9.4
Market CapRate(%)
9.00
Average Net PassingRent(US$/sf)
4.45
Average Net Market Rent(US$/sf)
4.85
Initial Yield(%)
-
Discount Rate(%)
10.50
Major Tenant
Genband Inc.
Leased ByArea(%)
44
Weighted Lease Term byIncome(years)
4
Available(%)
56
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
14
Year 2013(%)
5
Year 2014(%) 15
Year 2015(%)
 10
Year 2016(%) 0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo NortH AMErICA CoNtINUED

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2701, 2801, 2805 East Plano Parkway & 2700 Summit Avenue, Plano, Texas

885 East Collins Boulevard, Richardson, Texas

Cornerstone Building, 5411 I-10 East & 1228 Cornerway Boulevard, San Antonio, Texas

North of I-90 and east of North Central Expressway. The properties are accessible from East Plano Parkway. Four one story, concrete tilt-up, multi-tenant warehouse/flex buildings. Roof systems are built up tar.

The property is located east of North Central Expressway in the city of Richardson, Dallas County, Texas. It is accessible from Firman Drive and Collins Blvd. One single story, concrete tilt-up, multi-tenant flex building. Roof system is membrane/EPDM.

Two buildings totalling 288,000sf with 30’ clear heights and 10% office buildout.

Details

Details

Details

Details Details Details
Metro area
Dallas
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
RT - Research Technology
Year Built
1998
Site Area(acres)
21.2
Lettable Area(‘000sf)
307.0
Site Coverage(%)
33
Number of Buildings
4
Number of Units
9
Average Unit Size(‘000sf)
31.0
Office Content(%)
39
Car ParkingSpaces
897
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
18.1
Book Value(US$m)
19.2
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
19.2
Market CapRate(%)
9.00
Average Net PassingRent(US$/sf)
6.78
Average Net Market Rent(US$/sf)
6.70
Initial Yield(%)
10.23
Discount Rate(%)
9.50
Major Tenant
XO Communications Services
Leased ByArea(%)
84
Weighted Lease Term byIncome(years)
3.1
Available(%)
23
Year 2010(%)
0
Year 2011(%)
6
Year 2012(%)
63
Year 2013(%)
7
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Dallas
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
IM(1)SPL
Year Built
1985
Site Area(acres)
4.5
Lettable Area(‘000sf)
56.0
Site Coverage(%)
29
Number of Buildings
1
Number of Units
5
Average Unit Size(‘000sf)
11.0
Office Content(%)
31
Car ParkingSpaces
245
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
3.1
Book Value(US$m)
2.3
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
2.3
Market CapRate(%)
9.50
Average Net PassingRent(US$/sf)
8.42
Average Net Market Rent(US$/sf)
8.50
Initial Yield(%)
11.41
Discount Rate(%)
10.50
Major Tenant
Air System Components
Leased ByArea(%)
58
Weighted Lease Term byIncome(years)
0.9
Available(%)
43
Year 2010(%)
24
Year 2011(%)
33
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
San Antonio
BuildingType
Industrial/Warehouse
Ownership (%)
100
Co-Owner
-
Zoning
Industrial or Light Manufacturing
Year Built
2007
Site Area(acres)
17.1
Lettable Area(‘000sf)
288.0
Site Coverage(%)
39
Number of Buildings
2
Number of Units
3
Average Unit Size(‘000sf)
96.0
Office Content(%)
10
Car ParkingSpaces
321
Acquisition Date
Aug-2007
Acquisition Priceplus Additions(US$m)
13.6
Book Value(US$m)
12.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
12.0
Market CapRate(%)
8.25
Average Net PassingRent(US$/sf)
4.17
Average Net Market Rent(US$/sf)
3.84
Initial Yield(%)
6.15
Discount Rate(%)
9.25
Major Tenant
Greenstar North America,LLC
Leased ByArea(%)
75
Weighted Lease Term byIncome(years)
8.8
Available(%)
23
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
18
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
59

80 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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302-402 N Tayman Road, San Antonio, Texas

202 S Tayman Road, San Antonio, Texas

1803 Grandstand Drive, San Antonio, Texas

Two buildings totalling 416,000sf. 402 Tayman has 16’ clear heights and no office buildout while 302 Tayman has 30’ clear heights and 2% office buildout.

This 10.3 acre development land site was purchased in November 2007 and is located in San Antonio, Texas.

Single 133,500sf building with 24’ clear heights and 23% office buildout.

Details

Details

Details

Details Details Details Details Details Details Details
Metro area
San Antonio
BuildingType
Industrial/Warehouse
Ownership (%)
100
Co-Owner
-
Zoning
Industrial or Light Manufacturing
Year Built
2006
Site Area(acres)
29.6
Lettable Area(‘000sf)
416.0
Site Coverage(%)
32
Number of Buildings
2
Number of Units
8
Average Unit Size(‘000sf)
52.0
Office Content(%)
2
Car ParkingSpaces
160
Acquisition Date
Aug-2007
Acquisition Priceplus Additions(US$m)
14.6
Book Value(US$m)
17.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
17.0
Market CapRate(%)
8.52
Average Net PassingRent(US$/sf)
3.34
Average Net Market Rent(US$/sf)
3.88
Initial Yield(%)
7.65
Discount Rate(%)
9.25
Major Tenant
Fiesta Warehousing& Distribution
Leased ByArea(%)
89
Weighted Lease Term byIncome(years)
9.5
Available(%)
11
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
13
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
San Antonio
BuildingType
Land
Ownership (%)
96.5
Co-Owner
Santa Barbara Development Services
Zoning
-
Year Built
-
Site Area(acres)
-
Lettable Area(‘000sf)
-
Site Coverage(%)
-
Number of Buildings
-
Number of Units
-
Average Unit Size(‘000sf)
-
Office Content(%)
-
Car ParkingSpaces
-
Acquisition Date
Nov-2007
Acquisition Priceplus Additions(US$m)
-
Book Value(US$m)
8.8
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
8.8
Market CapRate(%)
11.29
Average Net PassingRent(US$/sf)
-
Average Net Market Rent(US$/sf)
3.96
Initial Yield(%)
-
Discount Rate(%)
9.25
Major Tenant
-
Leased ByArea(%)
-
Weighted Lease Term byIncome(years)
-
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
San Antonio
BuildingType
Industrial/Warehouse
Ownership (%)
100
Co-Owner
-
Zoning
Industrial or Light Manufacturing
Year Built
2007
Site Area(acres)
8.5
Lettable Area(‘000sf)
134.0
Site Coverage(%)
36
Number of Buildings
1
Number of Units
3
Average Unit Size(‘000sf)
45.0
Office Content(%)
23
Car ParkingSpaces
216
Acquisition Date
Aug-2007
Acquisition Priceplus Additions(US$m)
9.1
Book Value(US$m)
8.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
8.0
Market CapRate(%)
8.38
Average Net PassingRent(US$/sf)
6.49
Average Net Market Rent(US$/sf)
6.00
Initial Yield(%)
6.00
Discount Rate(%)
9.25
Major Tenant
Twigland Fashions,Ltd.
Leased ByArea(%)
72
Weighted Lease Term byIncome(years)
5.4
Available(%)
26
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
40
Year 2014(%) 0
Year 2015(%)
 0
Year 2016(%) 0
Year 2017(%)
0
Year 2018+(%)
0
Year 2019+(%)
76		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
34
Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo NortH AMErICA CoNtINUED

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8151-8161 Interchange Parkway, San Antonio, Texas

8171 Interchange Parkway, San Antonio, Texas

8181 Interchange Parkway, San Antonio, Texas

Two buildings totalling 209,500sf with 24’ clear heights and 22% office buildout.

This 3.0 acre development land site was purchased in July 2007 and is located in San Antonio, Texas.

This 3.0 acre development land site was purchased in July 2007 and is located in San Antonio, Texas.

Details

Details

Details

Details Details Details
Metro area
San Antonio
BuildingType
Industrial/Warehouse
Ownership (%)
100
Co-Owner
-
Zoning
Industrial or Light Manufacturing
Year Built
2006
Site Area(acres)
13.7
Lettable Area(‘000sf)
210.0
Site Coverage(%)
35
Number of Buildings
2
Number of Units
4
Average Unit Size(‘000sf)
52.0
Office Content(%)
22
Car ParkingSpaces
432
Acquisition Date
Jul-2007
Acquisition Priceplus Additions(US$m)
13.8
Book Value(US$m)
12.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
12.0
Market CapRate(%)
7.57
Average Net PassingRent(US$/sf)
6.68
Average Net Market Rent(US$/sf)
5.00
Initial Yield(%)
6.15
Discount Rate(%)
9.25
Major Tenant
FidelityInformation Services
Leased ByArea(%)
93
Weighted Lease Term byIncome(years)
5.0
Available(%)
6
Year 2010(%)
0
Year 2011(%)
16
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
42
Year 2015(%)
0
Year 2016(%)
0		 Metro area
San Antonio
BuildingType
Land
Ownership (%)
96.5
Co-Owner
Santa Barbara Development Services
Zoning
-
Year Built
-
Site Area(acres)
3.0
Lettable Area(‘000sf)
-
Site Coverage(%)
-
Number of Buildings
-
Number of Units
-
Average Unit Size(‘000sf)
-
Office Content(%)
-
Car ParkingSpaces
-
Acquisition Date
Jul-2007
Acquisition Priceplus Additions(US$m)
-
Book Value(US$m)
0.5
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
0.5
Market CapRate(%)
-
Average Net PassingRent(US$/sf)
-
Average Net Market Rent(US$/sf)
-
Initial Yield(%)
-
Discount Rate(%)
-
Major Tenant
-
Leased ByArea(%)
-
Weighted Lease Term byIncome(years)
-
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
San Antonio
BuildingType
Land
Ownership (%)
96.5
Co-Owner
Santa Barbara Development Services
Zoning
-
Year Built
-
Site Area(acres)
3.0
Lettable Area(‘000sf)
-
Site Coverage(%)
-
Number of Buildings
-
Number of Units
-
Average Unit Size(‘000sf)
-
Office Content(%)
-
Car ParkingSpaces
-
Acquisition Date
Jul-2007
Acquisition Priceplus Additions(US$m)
-
Book Value(US$m)
0.5
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
0.5
Market CapRate(%)
-
Average Net PassingRent(US$/sf)
-
Average Net Market Rent(US$/sf)
-
Initial Yield(%)
-
Discount Rate(%)
-
Major Tenant
-
Leased ByArea(%)
-
Weighted Lease Term byIncome(years)
-
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
36
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

82 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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8191 Interchange Parkway, San Antonio, Texas

Interchange North 1, 3003, 3005 NE I-410 Loop, San Antonio, Texas

Tri-County 2, Tri-County Parkway, Schertz, Texas

This 2.3 acre development land site was purchased in July 2007 and is located in San Antonio, Texas.

This 5.6 acre development land site was purchased in July 2007 and is located in San Antonio, Texas.

This 5.8 acre development land site was purchased in July 2007 and is located in Schertz/San Antonio, Texas.

Details

Details

Details

Details Details Details Details Details Details Details
Metro area
San Antonio
BuildingType
Land
Ownership (%)
96.5
Co-Owner
Santa Barbara Development Services
Zoning
-
Year Built
-
Site Area(acres)
2.3
Lettable Area(‘000sf)
-
Site Coverage(%)
-
Number of Buildings
-
Number of Units
-
Average Unit Size(‘000sf)
-
Office Content(%)
-
Car ParkingSpaces
-
Acquisition Date
Jul-2007
Acquisition Priceplus Additions(US$m)
-
Book Value(US$m)
0.4
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
0.4
Market CapRate(%)
-
Average Net PassingRent(US$/sf)
-
Average Net Market Rent(US$/sf)
-
Initial Yield(%)
-
Discount Rate(%)
-
Major Tenant
-
Leased ByArea(%)
-
Weighted Lease Term byIncome(years)
-
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
San Antonio
BuildingType
Land
Ownership (%)
96.5
Co-Owner
Santa Barbara Development Services
Zoning
-
Year Built
-
Site Area(acres)
5.6
Lettable Area(‘000sf)
-
Site Coverage(%)
-
Number of Buildings
-
Number of Units
-
Average Unit Size(‘000sf)
-
Office Content(%)
-
Car ParkingSpaces
-
Acquisition Date
Jul-2007
Acquisition Priceplus Additions(US$m)
-
Book Value(US$m)
4.4
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
4.4
Market CapRate(%)
10.92
Average Net PassingRent(US$/sf)
-
Average Net Market Rent(US$/sf)
6.00
Initial Yield(%)
-
Discount Rate(%)
9.25
Major Tenant
-
Leased ByArea(%)
-
Weighted Lease Term byIncome(years)
-
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
San Antonio
BuildingType
Land
Ownership (%)
96.5
Co-Owner
Santa Barbara Development Services
Zoning
-
Year Built
-
Site Area(acres)
5.8
Lettable Area(‘000sf)
-
Site Coverage(%)
-
Number of Buildings
-
Number of Units
-
Average Unit Size(‘000sf)
-
Office Content(%)
-
Car ParkingSpaces
-
Acquisition Date
Jul-2007
Acquisition Priceplus Additions(US$m)
-
Book Value(US$m)
0.8
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
0.8
Market CapRate(%)
-
Average Net PassingRent(US$/sf)
-
Average Net Market Rent(US$/sf)
-
Initial Yield(%)
-
Discount Rate(%)
-
Major Tenant
-
Leased ByArea(%)
-
Weighted Lease Term byIncome(years)
-
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%) 0
Year 2015(%)
 0
Year 2016(%) 0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo NortH AMErICA CoNtINUED

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Tri-County 5, Tri-County Parkway, Schertz, Texas

Tri-County 6, Tri-County Parkway, Schertz, Texas

850 North Lake Drive, Weatherford, Texas

This 2.9 acre development land site was purchased in July 2007 and is located in Schertz/San Antonio, Texas

This 4.1 acre development land site was purchased in July 2007 and is located in Schertz/San Antonio, Texas

Located just north of Beltline Road in the city of Coppell, Dallas County, Texas. It is accessible from Beltline Road and North Lake Drive. One single story, concrete tilt up, multi-tenant warehouse/distribution building. Roof system is built up tar.

Details

Details

Details

Details Details Details
Metro area
San Antonio
BuildingType
Land
Ownership (%)
96.5
Co-Owner
Santa Barbara Development Services
Zoning
-
Year Built
-
Site Area(acres)
2.9
Lettable Area(‘000sf)
-
Site Coverage(%)
-
Number of Buildings
-
Number of Units
-
Average Unit Size(‘000sf)
-
Office Content(%)
-
Car ParkingSpaces
-
Acquisition Date
Jul-2007
Acquisition Priceplus Additions(US$m)
-
Book Value(US$m)
2.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
2.0
Market CapRate(%)
9.99
Average Net PassingRent(US$/sf)
-
Average Net Market Rent(US$/sf)
6.00
Initial Yield(%)
-
Discount Rate(%)
9.25
Major Tenant
-
Leased ByArea(%)
-
Weighted Lease Term byIncome(years)
-
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
San Antonio
BuildingType
Land
Ownership (%)
96.5
Co-Owner
Santa Barbara Development Services
Zoning
-
Year Built
-
Site Area(acres)
4.1
Lettable Area(‘000sf)
-
Site Coverage(%)
-
Number of Buildings
-
Number of Units
-
Average Unit Size(‘000sf)
-
Office Content(%)
-
Car ParkingSpaces
-
Acquisition Date
Jul-2007
Acquisition Priceplus Additions(US$m)
-
Book Value(US$m)
3.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
3.0
Market CapRate(%)
10.71
Average Net PassingRent(US$/sf)
-
Average Net Market Rent(US$/sf)
6.00
Initial Yield(%)
-
Discount Rate(%)
9.25
Major Tenant
-
Leased ByArea(%)
-
Weighted Lease Term byIncome(years)
-
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Dallas
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
LI 1 - Light Industrial
Year Built
1982
Site Area(acres)
11.4
Lettable Area(‘000sf)
230.0
Site Coverage(%)
46
Number of Buildings
1
Number of Units
2
Average Unit Size(‘000sf)
115.0
Office Content(%)
24
Car ParkingSpaces
213
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
8.3
Book Value(US$m)
8.5
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
8.5
Market CapRate(%)
8.50
Average Net PassingRent(US$/sf)
4.30
Average Net Market Rent(US$/sf)
3.25
Initial Yield(%)
10.38
Discount Rate(%)
9.50
Major Tenant
Michaels Stores,Inc.
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
6.9
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
100
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

84 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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300 & 405-444 Swann Avenue, 2402-2520 Oakville Street & 2412-2610 Jefferson Davis Highway, Alexandria, Virginia

Located in the I-395 Corridor submarket at the rear of Oakville Industrial Park along Route 1, approximately 3 miles south of Washington DC and one mile south of Ronald Reagan Airport. Five industrial, masonry and metal, multitenant, warehouse buildings

326-446 Calvert Avenue & 401403 Murry’s Avenue, Alexandria, Virginia

Located in the I-395 Corridor submarket at the rear of Oakville Industrial Park along Route 1, approximately 3 miles south of Washington DC and one mile south of Ronald Reagan Airport. Three, masonry and metal, multi-tenant, warehouse buildings. Roof systems are built up tar.

Beaumeade Telecom, 2156121571 Beaumeade Circle, Ashburn, Virginia

The Beaumeade Circle buildings are located on Beaumeade Circle in the Beaumeade Corporate Park located just off of Waxpool Road in Ashburn, Virginia approximately 30 miles west of DC. Two one story, concrete tilt-up, single tenant, flex buildings. Roof systems are membrane/EPDM.

Details

Details

Details

Details Details Details Details Details Details Details
Metro area
Northern Virginia
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
I - Industrial
Year Built
1946
Site Area(acres)
11.2
Lettable Area(‘000sf)
440.0
Site Coverage(%)
91
Number of Buildings
7
Number of Units
31
Average Unit Size(‘000sf)
14.0
Office Content(%)
22
Car ParkingSpaces
245
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
39.7
Book Value(US$m)
39.4
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
39.4
Market CapRate(%)
8.50
Average Net PassingRent(US$/sf)
8.22
Average Net Market Rent(US$/sf)
10.50
Initial Yield(%)
8.27
Discount Rate(%)
9.25
Major Tenant
Lettercom Inc.
Leased ByArea(%)
88
Weighted Lease Term byIncome(years)
3.1
Available(%)
18
Year 2010(%)
5
Year 2011(%)
13
Year 2012(%)
15
Year 2013(%)
10
Year 2014(%)
4
Year 2015(%)
17
Year 2016(%)
0		 Metro area
Northern Virginia
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
I - Industrial
Year Built
1940
Site Area(acres)
2.2
Lettable Area(‘000sf)
49.0
Site Coverage(%)
50
Number of Buildings
3
Number of Units
10
Average Unit Size(‘000sf)
5.0
Office Content(%)
25
Car ParkingSpaces
43
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
4.5
Book Value(US$m)
3.9
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
3.9
Market CapRate(%)
8.75
Average Net PassingRent(US$/sf)
9.48
Average Net Market Rent(US$/sf)
10.50
Initial Yield(%)
11.62
Discount Rate(%)
9.25
Major Tenant
Capitol Closet Design Inc.
Leased ByArea(%)
89
Weighted Lease Term byIncome(years)
4.3
Available(%)
20
Year 2010(%)
49
Year 2011(%)
13
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
18
Year 2016(%)
0		 Metro area
Northern Virginia
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
PD - IP,Loudon County
Year Built
2000
Site Area(acres)
14.1
Lettable Area(‘000sf)
164.0
Site Coverage(%)
27
Number of Buildings
2
Number of Units
2
Average Unit Size(‘000sf)
82.0
Office Content(%)
80
Car ParkingSpaces
529
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
27.4
Book Value(US$m)
35.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
35.0
Market CapRate(%)
7.00
Average Net PassingRent(US$/sf)
25.25
Average Net Market Rent(US$/sf)
15.83
Initial Yield(%)
6.85
Discount Rate(%)
10.00
Major Tenant
AT&T Corporation
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
6.5
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%) 0
Year 2015(%)
 0
Year 2016(%) 100
Year 2017(%)
0
Year 2018(%)
2
Year 2019+(%)
16		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo NortH AMErICA CoNtINUED

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Beaumeade, Ashburn, Virginia

44633-44645 Guilford Road & 21641 Beaumeade Circle, Ashburn, Virginia

CTC at Dulles, 13555 EDS Drive, Herndon, Virginia

This 10.7-acre development land site was purchased on 30 June 2006 and is located in Ashburn, Virginia.

The buildings are located on Beaumeade Circle in the Beaumeade Corporate Park located just off of Waxpool Road in Ashburn, approximately 6 miles north of the Dulles International Airport and approximately 30 miles west of DC. The property is readily accessible from State Road 28 via public roadways.

The property is located just east of the Washington-Dulles International Airport. It is proximate to Sully Road at the intersection of Mclearen Road and EDS Drive. One story, concrete tilt-up, single tenant, office building. Roof system is membrane/EPDM.

Details

Details

Details

Details Details Details
Metro area
Northern Virginia
BuildingType
Land
Ownership (%)
100
Co-Owner
-
Zoning
-
Year Built
-
Site Area(acres)
10.7
Lettable Area(‘000sf)
-
Site Coverage(%)
-
Number of Buildings
-
Number of Units
-
Average Unit Size(‘000sf)
-
Office Content(%)
-
Car ParkingSpaces
-
Acquisition Date
Jun-2006
Acquisition Priceplus Additions(US$m)
-
Book Value(US$m)
2.3
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
2.3
Market CapRate(%)
-
Average Net PassingRent(US$/sf)
-
Average Net Market Rent(US$/sf)
-
Initial Yield(%)
-
Discount Rate(%)
-
Major Tenant
-
Leased ByArea(%)
-
Weighted Lease Term byIncome(years)
-
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Northern Virginia
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
PD - IP,Loudon County
Year Built
1987
Site Area(acres)
13.7
Lettable Area(‘000sf)
177.0
Site Coverage(%)
30
Number of Buildings
3
Number of Units
16
Average Unit Size(‘000sf)
11.0
Office Content(%)
31
Car ParkingSpaces
324
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
14.8
Book Value(US$m)
11.1
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
11.1
Market CapRate(%)
9.25
Average Net PassingRent(US$/sf)
8.90
Average Net Market Rent(US$/sf)
9.50
Initial Yield(%)
14.21
Discount Rate(%)
10.00
Major Tenant
Prototype Productions Inc.
Leased ByArea(%)
97
Weighted Lease Term byIncome(years)
1.9
Available(%)
3
Year 2010(%)
46
Year 2011(%)
38
Year 2012(%)
13
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Northern Virginia
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
-
Year Built
2001
Site Area(acres)
8.5
Lettable Area(‘000sf)
104.0
Site Coverage(%)
28
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
104.0
Office Content(%)
100
Car ParkingSpaces
438
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
20.9
Book Value(US$m)
24.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
24.0
Market CapRate(%)
8.00
Average Net PassingRent(US$/sf)
20.99
Average Net Market Rent(US$/sf)
17.00
Initial Yield(%)
7.91
Discount Rate(%)
8.00
Major Tenant
US Government(TSA)
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
4.4
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
100
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

86 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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45901-45905 Nokes Boulevard, Sterling, Virginia

Atlantic Corporate Park, 45600 & 45610 Woodland Road Sterling, Virginia

Kent West Corporate Park, 21902 64th Avenue S, Kent, Washington

The Nokes Boulevard buildings are in the eastern portion of Loudon County, in the city of Sterling. The property is situated in Loudon Techcenter, a 280-acre park along Route 7 and Route 28. Two one story, concrete tilt-up, multitenant, flex buildings.

The property consists of two four story Class A suburban office buildings with a total of 210,000 square feet and 880 parking spaces. It is located 1.5 miles south of Dulles Town Centre and 5.7 miles from Washington Dulles International Airport. Construction was completed in August 2008.

Kent West Corporate Park is located along the west side of the West Valley Highway (68th Avenue South), one half mile south of S. 212th Street. The property has excellent frontage on West Valley Highway, with easy access to Interstate 5 and Highway 167.

Details

Details

Details

Details Details Details Details Details Details Details
Metro area
Northern Virginia
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
PD - IP,Loudon County
Year Built
1998
Site Area(acres)
12.3
Lettable Area(‘000sf)
167.0
Site Coverage(%)
31
Number of Buildings
2
Number of Units
2
Average Unit Size(‘000sf)
84.0
Office Content(%)
45
Car ParkingSpaces
521
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
22.3
Book Value(US$m)
42.5
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
42.5
Market CapRate(%)
9.00
Average Net PassingRent(US$/sf)
25.25
Average Net Market Rent(US$/sf)
27.00
Initial Yield(%)
8.73
Discount Rate(%)
10.00
Major Tenant
Savvis Communications Corp.
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
10.2
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Northern Virginia
BuildingType
Office Park
Ownership (%)
100
Co-Owner
-
Zoning
PD-CC
Year Built
2008
Site Area(acres)
14.0
Lettable Area(‘000sf)
210.0
Site Coverage(%)
34
Number of Buildings
2
Number of Units
8
Average Unit Size(‘000sf)
26.0
Office Content(%)
100
Car ParkingSpaces
880
Acquisition Date
Jun-2006
Acquisition Priceplus Additions(US$m)
-
Book Value(US$m)
15.2
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
15.2
Market CapRate(%)
8.00
Average Net PassingRent(US$/sf)
-
Average Net Market Rent(US$/sf)
25.00
Initial Yield(%)
-
Discount Rate(%)
10.75
Major Tenant
-
Leased ByArea(%)
-
Weighted Lease Term byIncome(years)
-
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Seattle
BuildingType
Industrial Estate
Ownership (%)
100
Co-Owner
-
Zoning
M-1 Industrial Park District
Year Built
1989
Site Area(acres)
19.6
Lettable Area(‘000sf)
403.0
Site Coverage(%)
47
Number of Buildings
5
Number of Units
11
Average Unit Size(‘000sf)
37.0
Office Content(%)
15
Car ParkingSpaces
331
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
24.2
Book Value(US$m)
24.0
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
24.0
Market CapRate(%)
8.00
Average Net PassingRent(US$/sf)
5.47
Average Net Market Rent(US$/sf)
5.21
Initial Yield(%)
8.58
Discount Rate(%)
8.25
Major Tenant
Graebel/QualityMovers,Inc.
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
1.7
Available(%)
0
Year 2010(%)
24
Year 2011(%)
33
Year 2012(%)
17
Year 2013(%)
26
Year 2014(%) 0
Year 2015(%)
 0
Year 2016(%) 0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
100		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo NortH AMErICA CoNtINUED

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Riverbend Commerce Park, 8005 South 266th Street, Kent, Washington

Riverbend Commerce Park, 26507 79th Avenue South, Kent, Washington

8574 Boston Church Road Milton, Ontario

Riverbend Commerce Park is located approximately 2 miles east of SR167 and south of S. 259th Street and Green River Road. Onestory, concrete tilt-up, multi-tenant, warehouse building. Roof system is built-up tar.

Riverbend Commerce Park is located approximately 2 miles east of SR167 and south of S. 259th Street and Green River Road. One-story, concrete tilt-up, multi-tenant, flex building. Roof system is built-up tar.

Single 754,704sf building with 32’ clear heights and 2% office buildout.

Details

Details

Details

Details Details Details
Metro area
Seattle
BuildingType
Distribution Centre
Ownership (%)
100
Co-Owner
-
Zoning
M-1 Industrial Park District
Year Built
2000
Site Area(acres)
12.2
Lettable Area(‘000sf)
92.0
Site Coverage(%)
17
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
92.0
Office Content(%)
11
Car ParkingSpaces
97
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
5.9
Book Value(US$m)
6.5
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
6.5
Market CapRate(%)
7.50
Average Net PassingRent(US$/sf)
7.02
Average Net Market Rent(US$/sf)
5.80
Initial Yield(%)
9.11
Discount Rate(%)
8.25
Major Tenant
Domino’s Pizza LLC
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
-
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
9
Year 2013(%)
80
Year 2014(%)
10
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Seattle
BuildingType
Business Park
Ownership (%)
100
Co-Owner
-
Zoning
M-1 Industrial Park District
Year Built
2000
Site Area(acres)
2.6
Lettable Area(‘000sf)
36.0
Site Coverage(%)
32
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
36.0
Office Content(%)
16
Car ParkingSpaces
34
Acquisition Date
Sep-2004
Acquisition Priceplus Additions(US$m)
2.3
Book Value(US$m)
2.8
Independent Valuation Date
Jun-2009
Independent Valuation(US$m)
2.8
Market CapRate(%)
7.50
Average Net PassingRent(US$/sf)
6.44
Average Net Market Rent(US$/sf)
6.39
Initial Yield(%)
7.72
Discount Rate(%)
8.25
Major Tenant
Northern Sales Company,Inc.
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
-
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
59
Year 2013(%)
41
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Toronto
BuildingType
Industrial/Warehouse
Ownership (%)
100
Co-Owner
-
Zoning
M-1 Industrial/Employment
Year Built
2007
Site Area(acres)
45.0
Lettable Area(‘000sf)
755.0
Site Coverage(%)
39
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000sf)
755.0
Office Content(%)
2
Car ParkingSpaces
86
Acquisition Date
Dec-2007
Acquisition Priceplus Additions(CAD$)
72.9
Book Value(CAD$m)
51.6
Independent Valuation Date
Jun-2009
Independent Valuation(CAD$m)
51.6
Market CapRate(%)
9.00
Average Net PassingRent(CAD$/sf)
6.10
Average Net Market Rent(CAD$/sf)
5.25
Initial Yield(%)
8.90
Discount Rate(%)
9.75
Major Tenant
Whirlpool Corporation
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
8.5
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
100
Year 2019+(%)
0

88 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

InDUStrIaL PortfoLIo EUroPE

Liverpooler straße, Kopenhagener straße, osloer straße, Friemersheim, Duisburg

89

DEXUS ProPErty GroUP ProPerty synoPsis 2009

INDUStrIAL portFoLIo EUropE CoNtINUED

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21 rue du Chemin Blanc, 91160 Champlan, Paris

Zone industrielle Epône II, 78680 Epône, Paris

Servon 1, Route Nationale 19 L’Orme Rond, 77170 Servon, Paris

Champlan is located some 20km south of the Paris CBD within the Ile-de-France region. The property comprises a large, partly warehouse building with a mezzanine office and a connected office building. The warehouse, office and storage buildings are of concrete or steel framed construction with rendered concrete panel cladding and aluminium-framed double glazing.

Epône is located some 45 Km west of Paris within the Ile-de-France region. The property comprises a single large warehouse and office building. It is a single storey building with a mezzanine. Office space is housed entirely on the mezzanine level. The building is of concrete construction supported by internal pre-stressed concrete columns, with metallic cladding and a profiled steel shell roof.

Servon is located approximately 20 km southeast of Paris in the state of Ile-de-France The property comprises a single large warehouse and office building divided into 5 units and 1 loading room. The building is of steel and brick framed construction with rendered concrete panel or bitumen floor cladding and aluminium cladding and roof.

Details

Details

Details

Details Details Details
Metro area
Paris
BuildingType
Distribution Centre
Ownership (%)
100
Year Built
1967
Site Area(ha)
11.3
Lettable Area(‘000m2)
20.0
Site Coverage(%)
44
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000m2)
20.0
Office Content(%)
16
Car ParkingSpaces
115
Acquisition Date
Jul-2006
Acquisition Priceplus Additions(€m)
14.0
Book Value(€m)
5.10
Independent Valuation Date
Jun-2009
Independent Valuation(€m)
5.10
Market CapRate(%)
9.75
Average Net PassingRent(€/m2)
48.52
Average Net Market Rent(€/m2)
54.07
Initial Yield(%)
9.89
Discount Rate(%)
11.0
Major Tenant
CAE
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
1.1
Available(%)
0
Year 2010(%)
0
Year 2011(%)
100
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0		 Metro area
Paris
BuildingType
Distribution Centre
Ownership (%)
100
Year Built
1981
Site Area(ha)
6.2
Lettable Area(‘000m2)
11.3
Site Coverage(%)
45
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000m2)
11.3
Office Content(%)
2
Car ParkingSpaces
71
Acquisition Date
Jul-2006
Acquisition Priceplus Additions(€m)
7.4
Book Value(€m)
3.4
Independent Valuation Date
Jun-2009
Independent Valuation(€m)
3.4
Market CapRate(%)
9.70
Average Net PassingRent(€/m2)
51.70
Average Net Market Rent(€/m2)
37.70
Initial Yield(%)
13.25
Discount Rate(%)
11.25
Major Tenant
Auchan France
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
0.7
Available(%)
0
Year 2010(%)
100
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0		 Metro area
Paris
BuildingType
Distribution Centre
Ownership (%)
100
Year Built
1973
Site Area(ha)
13.6
Lettable Area(‘000m2)
27.3
Site Coverage(%)
49
Number of Buildings
1
Number of Units
5
Average Unit Size(‘000m2)
5.50
Office Content(%)
3
Car ParkingSpaces
90
Acquisition Date
Jul-2006
Acquisition Priceplus Additions(€m)
18.3
Book Value(€m)
8.90
Independent Valuation Date
Jun-2009
Independent Valuation(€m)
8.90
Market CapRate(%)
9.90
Average Net PassingRent(€/m2)
14.11
Average Net Market Rent(€/m2)
40.53
Initial Yield(%)
3.91
Discount Rate(%)
11.00
Major Tenant
Agediss
Leased ByArea(%)
32
Weighted Lease Term byIncome(years)
1.8
Available(%)
67
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
33
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2019+(%)
0		 Year 2019+(%)
0

90 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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Servon 2, Route Nationale 19 L’Orme Rond, 77170 Servon, Paris

32 avenue de l’Océanie, 91140 Villejust, Paris

19 rue de Bretagne, 38070 Saint-Quentin-Fallavier, Lyon

Servon is located approximately 20 km southeast of Paris in the state of Ile-de-France. The property comprises a single large logistics building divided into 2 units. The building is of steel and brick framed construction with rendered concrete panel floor covering and aluminium cladding and roof.

Villejust located 30km south of the Paris CBD within the Ile-de-France region. The property comprises a warehouse and office building. The building is of concrete block and steel construction, forming a rigid frame structure supported by internal prestressed concrete columns, with pre-stressed concrete and steel trusses on reinforced strip foundations, a profiled steel shell roof.

Saint-Quentin-Fallavier is located approximately 30 km to the east of Lyon. The property comprises a single warehouse with two levels of office space. The warehouse has two distinct cells. The building is supported by concrete beams with brick walls, externally clad in metal.

Details

Details

Details

Details Details Details Details Details Details Details
Metro area
Paris
BuildingType
Distribution Centre
Ownership (%)
100
Year Built
1999
Site Area(ha)
3.6
Lettable Area(‘000m2)
8.5
Site Coverage(%)
58
Number of Buildings
1
Number of Units
2
Average Unit Size(‘000m2)
4.20
Office Content(%)
1
Car ParkingSpaces
25
Acquisition Date
Jul-2006
Acquisition Priceplus Additions(€m)
6.3
Book Value(€m)
3.0
Independent Valuation Date
Jun-2009
Independent Valuation(€m)
3.0
Market CapRate(%)
9.10
Average Net PassingRent(€/m2)
45.00
Average Net Market Rent(€/m2)
42.30
Initial Yield(%)
11.76
Discount Rate(%)
10.25
Major Tenant
ID Logistics France
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
3.1
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
100
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0		 Metro area
Paris
BuildingType
Distribution Centre
Ownership (%)
100
Year Built
1977
Site Area(ha)
8.1
Lettable Area(‘000m2)
15.9
Site Coverage(%)
48
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000m2)
15.9
Office Content(%)
7
Car ParkingSpaces
95
Acquisition Date
Jul-2006
Acquisition Priceplus Additions(€m)
11.8
Book Value(€m)
5.5
Independent Valuation Date
Jun-2009
Independent Valuation(€m)
5.5
Market CapRate(%)
9.75
Average Net PassingRent(€/m2)
47.03
Average Net Market Rent(€/m2)
48.61
Initial Yield(%)
10.51
Discount Rate(%)
11.00
Major Tenant
Coca-Cola Enterprise
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
2.9
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
100
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0		 Metro area
Lyon
BuildingType
Distribution Centre
Ownership (%)
100
Year Built
1975
Site Area(ha)
15.1
Lettable Area(‘000m2)
27.4
Site Coverage(%)
45
Number of Buildings
1
Number of Units
2
Average Unit Size(‘000m2)
13.7
Office Content(%)
6
Car ParkingSpaces
45
Acquisition Date
Jul-2006
Acquisition Priceplus Additions(€m)
14.0
Book Value(€m)
5.6
Independent Valuation Date
Jun-2009
Independent Valuation(€m)
5.6
Market CapRate(%)
10.50
Average Net PassingRent(€/m2)
20.63
Average Net Market Rent(€/m2)
31.38
Initial Yield(%)
7.58
Discount Rate(%)
11.00
Major Tenant
Norma
Leased ByArea(%)
50
Weighted Lease Term byIncome(years)
1.1
Available(%)
46
Year 2010(%)
1
Year 2011(%)
54
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%) 0
Year 2017(%)
 0
Year 2018(%) 0
Year 2019+(%)
0		 Year 2019+(%)
0		 Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo EUropE CoNtINUED

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Im Holderbusch 3, Sulmstraße, Ellhofen, Baden-Württemberg

Schillerstraße 42, 42a, Bahnhofstraße 44, 50, Ellhofen, Baden-Württemberg

Schillerstraße 51, Ellhofen, Baden-Württemberg

The property consists of a warehouse complex, divided into several functional units, one single storey warehouse and an office floor. The warehouse construction is reinforced concrete framework, partly brick walls with thermal insulation and partly trapezoidal metal cladding. Warehouse clearance ranges from 9.6 to 15 meters. The property is well located with good access to motorways A81 and A6.

The complex consists of a warehouse/ office building, and 3 ancilliary office/storage buildings, as well as a petrol station and car wash. The main 3-storey warehouse has a supermarket on the ground floor, with storage and office facilities in the remainder. The site is located in an industrial area adjacent to residential areas, with good access to the A81 motorway.

The property consists of a distribution complex, divided into several functional units; one single storey refridgerated warehouse with an office/ canteen located on the upper floor. Warehouse clearance is 7 meters. The property is well located with good access and visiblility from busy intersection of motorways A81 and A6.

Details

Details

Details

Details Details Details
Metro area
Ellhofen
BuildingType
Distribution Centre
Title
Freehold
Ownership (%)
100
Zoning
Gewerbegebiet B1 -(Commercial)
Year Built
1977
Site Area(ha)
13.0
Lettable Area(‘000m2)
27.7
Site Coverage(%)
53
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000m2)
27.77
Office Content(%)
7
Car ParkingSpaces
-
Acquisition Date
Jan-2007
Acquisition Priceplus Additions(€m)
14.6
Book Value(€m)
12.5
Independent Valuation Date
Jun-2009
Independent Valuation(€m)
12.5
Market CapRate(%)
6.80
Average Net PassingRent(€/m2)
41.84
Average Net Market Rent(€/m2)
42.79
Initial Yield(%)
7.67
Discount Rate(%)
7.90
Major Tenant
Edeka Südwest eG
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
4.1
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
100
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Ellhofen
BuildingType
Distribution Centre
Title
Freehold
Ownership (%)
100
Zoning
SO(Special Zone)
Year Built
1954
Site Area(ha)
8.9
Lettable Area(‘000m2)
20.5
Site Coverage(%)
57
Number of Buildings
6
Number of Units
6
Average Unit Size(‘000m2)
3.4
Office Content(%)
26
Car ParkingSpaces
-
Acquisition Date
Jan-2007
Acquisition Priceplus Additions(€m)
7.6
Book Value(€m)
5.2
Independent Valuation Date
Jun-2009
Independent Valuation(€m)
5.2
Market CapRate(%)
7.50
Average Net PassingRent(€/m2)
40.69
Average Net Market Rent(€/m2)
39.21
Initial Yield(%)
12.64
Discount Rate(%)
8.30
Major Tenant
Edeka Südwest eG
Leased ByArea(%)
92
Weighted Lease Term byIncome(years)
4.0
Available(%)
0
Year 2010(%)
4
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
5
Year 2014(%)
89
Year 2015(%)
2
Year 2016(%)
0		 Metro area
Ellhofen
BuildingType
Distribution Centre
Title
Freehold
Ownership (%)
100
Zoning
Gewerbegebiet B1 -(Commercial)
Year Built
1992
Site Area(ha)
8.8
Lettable Area(‘000m2)
19.2
Site Coverage(%)
54
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000m2)
19.2
Office Content(%)
17
Car ParkingSpaces
-
Acquisition Date
Jan-2007
Acquisition Priceplus Additions(€m)
12.1
Book Value(€m)
9.5
Independent Valuation Date
Jun-2009
Independent Valuation(€m)
9.5
Market CapRate(%)
6.70
Average Net PassingRent(€/m2)
44.62
Average Net Market Rent(€/m2)
53.99
Initial Yield(%)
7.30
Discount Rate(%)
7.90
Major Tenant
Edeka Südwest eG
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
4.1
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
100
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

92 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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Im Steinbruch 4, 6, Knetzgau, Bayern

The property comprises a large, single storey warehouse with integrated offices on two storeys. The whole building is a concrete frame construction with a flat roof and aluminiumframed double glazing. The older building part has a concrete façade, the newer building part has a sandwich panel cladding.

Details

Details
Metro area Knetzgau
BuildingType Distribution Centre
Title Freehold
Ownership (%) 100
Zoning Industriegebiet -(industrial)
Year Built 1991
Site Area(ha) 18.2
Lettable Area(‘000m2) 21.4
Site Coverage(%) 29
Number of Buildings 1
Number of Units 2
Average Unit Size(‘000m2) 10.7
Office Content(%) 10
Car ParkingSpaces -
Acquisition Date Jan-2007
Acquisition Priceplus Additions(€m) 9.6
Book Value(€m) 7.9
Independent Valuation Date Jun-2009
Independent Valuation(€m) 7.90
Market CapRate(%) 7.60
Average Net PassingRent(€/m2) 28.08
Average Net Market Rent(€/m2) 29.19
Initial Yield(%) 5.94
Discount Rate(%) 8.70
Major Tenant Schober Grundstücksverwaltungs
GmbH
Leased ByArea(%) 100
Weighted Lease Term byIncome(years) 0.5
Available(%) 0
Year 2010(%) 100
Year 2011(%) 0
Year 2012(%) 0
Year 2013(%) 0
Year 2014(%) 0
Year 2015(%) 0
Year 2016(%) 0
Year 2017(%) 0
Year 2018(%) 0
Year 2019+(%) 0

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Bremer Ring & Hansestraße, Wustermark, Berlin, Brandenburg

A recently constructed state-of-the-art logistics building with cross-docking facilities and office space. The warehouse building is constructed of reinforced concrete elements with sandwich façade. Located within newly established cargo transport centre with excellent access to motorway and railway.

Details

Details
Metro area Berlin
BuildingType Distribution Centre
Title Freehold
Ownership (%) 100
Zoning Industriegebiet -(industrial)
Year Built 2006
Site Area(ha) 10.6
Lettable Area(‘000m2) 10.1
Site Coverage(%) 24
Number of Buildings 2
Number of Units 2
Average Unit Size(‘000m2) 5.10
Office Content(%) 19
Car ParkingSpaces -
Acquisition Date Jan-2007
Acquisition Priceplus Additions(€m) 10.2
Book Value(€m) 8.0
Independent Valuation Date Jun-2009
Independent Valuation(€m) 8.0
Market CapRate(%) 6.60
Average Net PassingRent(€/m2) 71.41
Average Net Market Rent(€/m2) 63.59
Initial Yield(%) 7.86
Discount Rate(%) 7.60
Major Tenant Deutsche Post Immobilien GmbH
Leased ByArea(%) 100
Weighted Lease Term byIncome(years) 7.4
Available(%) 0
Year 2010(%) 0
Year 2011(%) 0
Year 2012(%) 0
Year 2013(%) 0
Year 2014(%) 0
Year 2015(%) 0
Year 2016(%) 0
Year 2017(%) 100
Year 2018(%) 0
Year 2019+(%) 0

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Nordstraße 1, Löbau, Brandenburg

The complex consists of single storey warehouse facilities with integrated double storey office area. It is constructed of prefabricated concrete walls with sandwich panelling. Internal clearance ranges from 6.5m to 8m in the newer part. The property is strategically located to serve Poland or Czech Republic from Germany.

Details

Details Details Details
Metro area
Löbau
BuildingType
Distribution Centre
Title
Freehold
Ownership (%)
100
Zoning
Commercial Area S34 BauGB
Year Built
1967
Site Area(ha)
9.2
Lettable Area(‘000m2)
9.0
Site Coverage(%)
24
Number of Buildings
1
Number of Units
4
Average Unit Size(‘000m2)
2.2
Office Content(%)
5
Car ParkingSpaces
-
Acquisition Date
Jan-2007
Acquisition Priceplus Additions(€m)
1.2
Book Value(€m)
1.1
Independent Valuation Date
Jun-2009
Independent Valuation(€m)
1.1
Market CapRate(%)
7.90
Average Net PassingRent(€/m2)
18.10
Average Net Market Rent(€/m2)
18.00
Initial Yield(%)
10.47
Discount Rate(%)
8.60
Major Tenant
Jelenia Plast GmbH
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
3.4
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
100
Year 2014(%) 0
Year 2015(%)
Year 2016(%)		 0
0


Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo EUropE CoNtINUED

==> picture [160 x 159] intentionally omitted <==

==> picture [160 x 159] intentionally omitted <==

==> picture [159 x 159] intentionally omitted <==

Im Gewerbegebiet 18, Friedewald, Hessen

Niedesheimer Straße 24, Worms, Hessen

Über der Dingelstelle, Langenweddingen, Niedersachsen

The property consists of 3 separate lots, consisting of a warehouse, an outdoor parking area and a vacant development lot. The warehouse consists of a logistics building with integrated office facilities. Construction is reinforced concrete elements, with partly bricked walls and steel sandwich facade. The property is well located within 800m of highway A4.

The property consists of a warehouse building with office units in two upper floors. The building construction is reinforced concrete framework with a flat roof, partly with brick walls. The façade is predominantly rendered. Warehouse clearance ranges from 9 to 10 metres.

The property consists of a warehouse complex of 5 interconnected storage halls and two main office areas, and is configured as a grocery distribution centre. Construction is reinforced concrete elements, with partly bricked walls and steel sandwich facade. Located in a strategic logistics area directly between Berlin and Hannover, and within 90km of Leipzig Airport freight hub.

Details

Details

Details

Details Details Details
Metro area
Friedewald
BuildingType
Distribution Centre
Title
Freehold
Ownership (%)
100
Zoning
Gewerbegebiet B1 -(Commercial)
Year Built
1991
Site Area(ha)
17.1
Lettable Area(‘000m2)
15.5
Site Coverage(%)
22
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000m2)
15.5
Office Content(%)
8
Car ParkingSpaces
40
Acquisition Date
Jan-2007
Acquisition Priceplus Additions(€m)
4.9
Book Value(€m)
3.4
Independent Valuation Date
Jun-2009
Independent Valuation(€m)
3.4
Market CapRate(%)
8.20
Average Net PassingRent(€/m2)
22.01
Average Net Market Rent(€/m2)
30.46
Initial Yield(%)
7.04
Discount Rate(%)
8.70
Major Tenant
Schenker Deutschland AG
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
0.6
Available(%)
0
Year 2010(%)
100
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Worms
BuildingType
Distribution Centre
Title
Freehold
Ownership (%)
100
Zoning
GE Commercial Area
Year Built
1984
Site Area(ha)
7.7
Lettable Area(‘000m2)
11.8
Site Coverage(%)
38
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000m2)
11.8
Office Content(%)
21
Car ParkingSpaces
-
Acquisition Date
Jan-2007
Acquisition Priceplus Additions(€m)
3.8
Book Value(€m)
3.5
Independent Valuation Date
Jun-2009
Independent Valuation(€m)
3.5
Market CapRate(%)
7.50
Average Net PassingRent(€/m2)
34.75
Average Net Market Rent(€/m2)
32.33
Initial Yield(%)
9.37
Discount Rate(%)
8.40
Major Tenant
Alfred Talke GmbH & Co.KG
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
4.5
Available(%)
0
Year 2010(%)
21
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
79
Year 2016(%)
0		 Metro area
Langenweddingen
BuildingType
Distribution Centre
Title
Freehold
Ownership (%)
100
Zoning
GI Industrial Area
Year Built
1993
Site Area(ha)
24.2
Lettable Area(‘000m2)
26.3
Site Coverage(%)
27
Number of Buildings
1
Number of Units
5
Average Unit Size(‘000m2)
5.3
Office Content(%)
5
Car ParkingSpaces
-
Acquisition Date
Jan-2007
Acquisition Priceplus Additions(€m)
7.0
Book Value(€m)
4.5
Independent Valuation Date
Jun-2009
Independent Valuation(€m)
4.5
Market CapRate(%)
7.40
Average Net PassingRent(€/m2)
23.31
Average Net Market Rent(€/m2)
28.22
Initial Yield(%)
9.65
Discount Rate(%)
7.70
Major Tenant
PCG GmbH
Leased ByArea(%)
85
Weighted Lease Term byIncome(years)
2.7
Available(%)
5
Year 2010(%)
21
Year 2011(%)
13
Year 2012(%)
0
Year 2013(%)
61
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

94 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

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Liverpooler Straße, Kopenhagener Straße, Osloer Straße, Friemersheim, Duisburg, Nordrhein Westfalen

A recently completed state-of-the-art warehouse with office and workshop/paint shop facilities. Internal clearance is 10 metres. The property is situated in a popular established logistics site with immediate access to the harbour of Duisberg (Germany’s biggest inland harbour).

Details

Details
Metro area Duisburg
BuildingType Distribution Centre
Title Freehold
Ownership (%) 100
Zoning Gewerbegebiet B1 - (Commercial)
Year Built 2006
Site Area(ha) 12.2
Lettable Area(‘000m2) 27.1
Site Coverage(%) 55
Number of Buildings 1
Number of Units 1
Average Unit Size(‘000m2) 27.1
Office Content(%) 15
Car ParkingSpaces 87
Acquisition Date Jan-2007
Acquisition Priceplus Additions(€m) 18.9
Book Value(€m) 14.7
Independent Valuation Date Jun-2009
Independent Valuation(€m) 14.7
Market CapRate(%) 6.80
Average Net PassingRent(€/m2) 51.31
Average Net Market Rent(€/m2) 48.14
Initial Yield(%) 8.04
Discount Rate(%) 7.50
Major Tenant Industriereifenkontor Lüdtke
Leased ByArea(%) 100
Weighted Lease Term byIncome(years) 2.3
Available(%) 0
Year 2010(%) 0
Year 2011(%) 0
Year 2012(%) 100
Year 2013(%) 0
Year 2014(%) 0
Year 2015(%) 0
Year 2016(%) 0
Year 2017(%) 0
Year 2018(%) 0
Year 2019+(%) 0

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Theodorstraße, Düsseldorf, Nordrhein Westfalen

The warehouse complex consisting of a warehouse with ancilliary office space divisible into 4 units, is reinforced concrete frame, partly with brick walls and profiled metal cladding facade. Warehouse clearance is 10 metres. Location offers good infrastructure with excellent access to A44 motorway and airport, within one of Germany’s strongest economies.

Details

Details
Metro area Düsseldorf
BuildingType Distribution Centre
Title Freehold
Ownership (%) 100
Zoning GE Commercial Area
Year Built 2007
Site Area(ha) 7.1
Lettable Area(‘000m2) 13.8
Site Coverage(%) 48
Number of Buildings 1
Number of Units 4
Average Unit Size(‘000m2) 3.4
Office Content(%) 17
Car ParkingSpaces 65
Acquisition Date Jun-2007
Acquisition Priceplus Additions(€m) 15.6
Book Value(€m) 11.8
Independent Valuation Date Jun-2009
Independent Valuation(€m) 11.8
Market CapRate(%) 6.70
Average Net PassingRent(€/m2) 78.73
Average Net Market Rent(€/m2) 68.01
Initial Yield(%) 8.04
Discount Rate(%) 7.40
Major Tenant Compass SecurityLogistik
Leased ByArea(%) 100
Weighted Lease Term byIncome(years) 4.3
Available(%) 0
Year 2010(%) 0
Year 2011(%) 0
Year 2012(%) 100
Year 2013(%) 0
Year 2014(%) 0
Year 2015(%) 0
Year 2016(%) 0
Year 2017(%) 0
Year 2018(%) 0
Year 2019+(%) 0

==> picture [159 x 159] intentionally omitted <==

Carl-Leverkus-Straße 3-5, Winkelsweg 182-184, Langenfeld, Nordrhein Westfalen

The complex consists of a 3 buildings, a threestorey office building, a warehouse and an additional warehouse with office/administration use. The site is located in the commercial area of Langenfeld, with good access from motorway via B229 and exellent visibility from main road.

Details

Details Details Details Details Details
Metro area
Langenfeld
BuildingType
Distribution Centre
Title
Freehold
Ownership (%)
100
Zoning
Industriegebiet -(industrial)
Year Built
1962
Site Area(ha)
9.8
Lettable Area(‘000m2)
25.4
Site Coverage(%)
64
Number of Buildings
3
Number of Units
3
Average Unit Size(‘000m2)
8.50
Office Content(%)
25
Car ParkingSpaces
-
Acquisition Date
Jan-2007
Acquisition Priceplus Additions(€m)
9.6
Book Value(€m)
7.1
Independent Valuation Date
Jun-2009
Independent Valuation(€m)
7.1
Market CapRate(%)
6.70
Average Net PassingRent(€/m2)
31.82
Average Net Market Rent(€/m2)
30.36
Initial Yield(%)
8.06
Discount Rate(%)
8.90
Major Tenant
Enthone GmbH
Leased ByArea(%)
68
Weighted Lease Term byIncome(years)
5.2
Available(%)
11
Year 2010(%)
20
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%) 0
Year 2015(%)
 0
Year 2016(%) 0
Year 2017(%)
69
Year 2018(%)
0
Year 2019+(%)
0

DEXUS propErty groUp PROPERTY SYNOPSIS 2009

INDUStrIAL portFoLIo EUropE

CoNtINUED

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==> picture [160 x 159] intentionally omitted <==

Schneiderstraße 82, Langenfeld, Nordrhein Westfalen

Former Straße 6, Unna, Nordrhein Westfalen

The complex consists of a warehouse/office complex erected in 3 phases. The main 4-storey warehouse is constructed of reinforced concrete frame, partly with brick walls with washed concrete facade. The site is located with immediate access to the A3 motorway (Netherlands to Austria) within 3km.

The property is a modern office/warehouse facility It has a reinforced concrete frame partly with brick wallsand the façade consists of profiled metal cladding with thermal insulation. Internal clearace is between 6.7m and 10m. Excellent logistics infrastructure due to location at the junction of the A1 and A2 motorways.

Details

Details

Details Details
Metro area
Langenfeld
BuildingType
Distribution Centre
Title
Freehold
Ownership (%)
100
Zoning
GI Industrial Area
Year Built
1983
Site Area(ha)
6.2
Lettable Area(‘000m2)
11.1
Site Coverage(%)
44
Number of Buildings
1
Number of Units
3
Average Unit Size(‘000m2)
3.7
Office Content(%)
14
Car ParkingSpaces
-
Acquisition Date
Jan-2007
Acquisition Priceplus Additions(€m)
5.5
Book Value(€m)
4.6
Independent Valuation Date
Jun-2009
Independent Valuation(€m)
4.6
Market CapRate(%)
7.80
Average Net PassingRent(€/m2)
41.29
Average Net Market Rent(€/m2)
43.73
Initial Yield(%)
8.23
Discount Rate(%)
8.50
Major Tenant
Logwin Solutions Fashion GmbH
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
2.6
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
100
Year 2013(%)
0
Year 2014(%)
0
Year 2015(%)
0
Year 2016(%)
0		 Metro area
Unna
BuildingType
Distribution Centre
Title
Freehold
Ownership (%)
100
Zoning
Gewerbegebiet B1 -(Commercial)
Year Built
1990
Site Area(ha)
17.6
Lettable Area(‘000m2)
27.4
Site Coverage(%)
39
Number of Buildings
1
Number of Units
1
Average Unit Size(‘000m2)
27.4
Office Content(%)
6
Car ParkingSpaces
-
Acquisition Date
Jan-2007
Acquisition Priceplus Additions(€m)
15.9
Book Value(€m)
13.2
Independent Valuation Date
Jun-2009
Independent Valuation(€m)
13.2
Market CapRate(%)
6.70
Average Net PassingRent(€/m2)
39.66
Average Net Market Rent(€/m2)
43.00
Initial Yield(%)
7.78
Discount Rate(%)
7.90
Major Tenant Karstadt Vermietungsgesellschaft mbH
Leased ByArea(%)
100
Weighted Lease Term byIncome(years)
4.6
Available(%)
0
Year 2010(%)
0
Year 2011(%)
0
Year 2012(%)
0
Year 2013(%)
0
Year 2014(%)
100
Year 2015(%)
0
Year 2016(%)
0
Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0		 Year 2017(%)
0
Year 2018(%)
0
Year 2019+(%)
0

96 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

rEtaIL PortfoLIo aUStraLIa

Westfield Whitford City shopping Centre, Whitford Avenue & Lot 6 endeavour road, Hillarys, WA

97

DEXUS ProPErty GroUP ProPerty synoPsis 2009

rEtAIL portFoLIo AUStrALIA CoNtINUED

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Westfield Whitford City Shopping Centre, Whitford Avenue & Lot 6 Endeavour Road, Hillarys, WA

Whitford City is a regional shopping centre located in Hillarys approx. 24 kilometres north-west from the Perth CBD. The centre accommodates five major, three mini-major tenants, approx. 250 specialty retailers and 19 office tenancies. Whitfords Avenue located opposite the Centre, is a retail bulky goods/ showroom site incorporating Bunnings Warehouse and 11 showrooms.

Details

Details
Metro area North West Perth
Building Type Regional - shopping centre/
BulkyGoods
Ownership 50
Co-Owner Westfield
Year Built 1978
Site Area(ha) 23.5
Lettable Area(‘000m2) 79.9
Car ParkingSpaces 4,165
Acquisition Date Oct-1984
Acquisition Priceplus Additions(A$m) 137.7
Book Value(A$m) 270.0
Independent Valuation Date Jun-2007
Independent Valuation(A$m) 277.0
Market CapRate(%) 6.75
Average Net PassingRent(A$/m2) 539.82
Average Net Market Rent(A$/m2) 542.14
Initial Yield(%) 6.58
Discount Rate(%) 9.00
MovingAnnual Turnover (GST incl.) (A$) 461.49
OccupancyCosts(%) 8.88
SpecialityOccupancyCosts(%) 14.71
Major Tenant Woolworths Ltd
Leased ByArea(%) 100
Weighted Lease Term by Income(years) 4.5
Available(%) 0
Year 2010(%) 16
Year 2011(%) 12
Year 2012(%) 9
Year 2013(%) 5
Year 2014(%) 11
Year 2015(%) 2
Year 2016(%) 8
Year 2017(%) 2
Year 2018(%) 0
Year 2019+(%) 34

98 DEXUS propErty groUp PROPERTY SYNOPSIS 2009

InDEX

office Portfolio – australia .................................................................... 22 Garema Court, 140–180 City Walk, Canberra, ACt .........................................23 14 Moore street, Canberra, ACt ....................................................................23 the Zenith, 821 Pacific Highway, Chatswood, nsW .......................................23 11 talavera road, Macquarie Park, nsW .......................................................24 40–50 talavera road, Macquarie Park, nsW .................................................24 144 Wicks road, Macquarie Park, nsW ........................................................24 Victoria Cross, 60 Miller street, north sydney, nsW .......................................25 130 George street & 105 Phillip street, Parramatta, nsW ..............................25 1 Bligh street, sydney, nsW ..........................................................................25 45 Clarence street, sydney, nsW ...................................................................26 201–217 elizabeth street, sydney, nsW ........................................................26 Governor Phillip & Macquarie tower Complex, 1 Farrer Place, sydney, nsW .........................................................................26 Australia square Complex, 264–278 George street, sydney, nsW ..................27 343 George street, sydney, nsW ...................................................................27 30 the Bond, 30–34 Hickson road, sydney, nsW ........................................27 309–321 Kent street, sydney, nsW ...............................................................28 383–395 Kent street, sydney, nsW ...............................................................28 one Margaret street, sydney, nsW ................................................................28 44 Market street, sydney, nsW .....................................................................29 123 Albert street, Brisbane, QLD ...................................................................29 Flinders Gate Complex, 172 Flinders street & 189 Flinders Lane, Melbourne, ViC ............................................................29 8 nicholson street, Melbourne, ViC ................................................................30 southgate Complex, 3 southgate Avenue, southbank, ViC ..............................30 Woodside Plaza, 240 st Georges terrace, Perth, WA ......................................30 office Portfolio – new Zealand .............................................................. 31 Lumley Centre, 88 shortland street, Auckland, nZ .........................................31 car Park Portfolio – australia ................................................................. 32 383–395 Kent street, sydney, nsW ...............................................................33 32–44 Flinders street, Melbourne, ViC ...........................................................33 Flinders Gate Complex, 172 Flinders street, Melbourne, ViC ..........................33 34–60 Little Collins street, Melbourne, ViC .....................................................34 Industrial Portfolio – australia ............................................................... 35 52 Holbeche road, Arndell Park, nsW ..........................................................36 79–97 st Hilliers road, Auburn, nsW ............................................................36 3 Brookhollow Avenue, Baulkham Hills, nsW ................................................36 1 Garigal road, Belrose, nsW ........................................................................37 2 Minna Close, Belrose, nsW ........................................................................37 3–7 Bessemer street, Blacktown, nsW ..........................................................37 30–32 Bessemer street, Blacktown, nsW ......................................................38 114–120 old Pittwater road, Brookvale, nsW ...............................................38 2 Alspec Place, eastern Creek, nsW ..............................................................38 145–151 Arthur street, Flemington, nsW ......................................................39 436–484 Victoria road, Gladesville, nsW ......................................................39 1 Foundation Place, Greystanes, nsW ...........................................................39 seL, Greystanes estate, Greystanes, nsW ......................................................40 27–29 Liberty road, Huntingwood, nsW .......................................................40 Kings Park industrial estate, Vardys road, Marayong, nsW ...........................40 154 o’riordan street, Mascot, nsW ...............................................................41 5–15 rosebery Avenue, rosebery, nsW ........................................................41 25–55 rothschild Avenue, rosebery, nsW ....................................................41 10–16 south street, rydalmere, nsW ............................................................42 DeXUs industrial estate, egerton street, silverwater, nsW .............................42 19 Chifley street, smithfield, nsW .................................................................42 12 Frederick street, st Leonards, nsW ..........................................................43 40 Biloela street, Villawood, nsW ..................................................................43 30 Bellrick street, Acacia ridge, QLD ............................................................43 25 Donkin street, West end Brisbane, QLD ....................................................44

15–23 Whicker road, Gillman, sA .................................................................44 target Distribution Centre, tarras road, Altona north, ViC ..............................44 114 Fairbank road, Clayton, ViC ...................................................................45 Pound road West, Dandenong, ViC ...............................................................45 redwood Gardens industrial estate, Boundary road, Dingley, ViC .........................................................................45 352 Macaulay road, Kensington, ViC ............................................................46 Knoxfield industrial estate, Henderson road, Knoxfield, ViC ...........................46 250 Forest road south, Lara, ViC ..................................................................46 DeXUs industrial estate, Boundary road, Laverton north (including 440 Doherty’s road), ViC...............................................................47 12–18 Distribution Drive, Laverton north, ViC ................................................47 Axxess Corporate Park, Cnr Ferntree Gully & Gilby roads, Mount Waverley, ViC ......................................................................................47 68 Hasler road, Herdsman, WA ....................................................................48 Industrial Portfolio – north america ....................................................... 49 844 44th Avenue, Phoenix, Arizona ...............................................................50 3802–3922 east University Drive, Phoenix, Arizona........................................50 431 north 47th Avenue, Phoenix, Arizona ......................................................50 220 south 9th street, Phoenix, Arizona ..........................................................51 1429–1439 south 40th Avenue, Phoenix, Arizona ..........................................51 105–107 south 41st Avenue, Phoenix, Arizona ..............................................51 601 south 55th Avenue, Phoenix, Arizona .....................................................52 1000 south Priest Drive, Phoenix, Arizona .....................................................52 1858 east encanto Drive, tempe, Arizona ......................................................52 1120–1150 West Alameda Drive, tempe, Arizona ..........................................53 10397 West Van Buren street, tolleson, Arizona ............................................53 4190 east santa Ana street, Bloomington, California ......................................53 14555 Alondra Boulevard, La Mirada & 6530 Altura Boulevard, Buena Park, California ...........................................54 5823 newton Drive, Carlsbad, California ........................................................54 13602 12th street, Chino, California ..............................................................54 14489 industry Circle, La Mirada, California ...................................................55 3550 tyburn street & 3332–3424 n.san Fernando road, Los Angeles, California ...............................................55 3590 De Forest Circle, Mira Loma, California .................................................55 1450 e Francis street, 4200 e santa Ana street, 1951 s Parco street, 1401 e Cedar street, 1777 Vintage Avenue, ontario, California ......................56 3691 north Perris Boulevard, Perris, California ..............................................56 12000 Jersey Court, rancho Cucamonga, California ......................................56 11653 6th street, santa Anita Avenue, 9357 richmond Place, & 9371 Buffalo Avenue, rancho Cucamonga, California ................................57 7510–7520 Airway road, san Diego, California ..............................................57 summit oaks, Vanderbilt Way, santa Clarita, California ...................................57 9210 san Fernando road, sun Valley, California ............................................58 2210 oak ridge Way, Vista, California ............................................................58 7500 exchange Drive, orlando, Florida ..........................................................58 orlando Central Park, 7600 Kingspointe Parkway, 8259 exchange Drive, 7451–7488 Brokerage Drive, 2900–2901 titan row, orlando, Florida ............59 13201 south orange Avenue, orlando, Florida ...............................................59 turnpike Distribution Centre, 1580 nW 27th Avenue, Pompano Beach, Florida ................................................................................59 northpoint Business Park, 300–1400 northpoint Parkway, West Palm Beach, Florida ..............................................................................60 1000–1200 Williams street nW, Atlanta, Georgia ...........................................60 300 townpark Drive, Kennesaw, Georgia ........................................................60 7100 Highlands Parkway se, smyrna, Georgia ...............................................61 5111–5151 royal Atlanta Drive, tucker, Georgia ............................................61 850 e Devon Avenue, 1260 n ellis street, 371 Meyer road, Bensenville, ilinois ..............................................................61 1825 Airport exchange Boulevard, erlanger, Kentucky ...................................62 3368–3372 turfway road, erlanger, Kentucky ...............................................62 7453 empire Drive, Florence, Kentucky .........................................................62

DEXUS ProPErty GroUP ProPerty synoPsis 2009 99

InDEX contInUED

7930 & 7940 Kentucky Drive, Florence, Kentucky .........................................63 5–11 spiral Drive, Florence, Kentucky ............................................................63 1910 international Way, Hebron, Kentucky.....................................................63 Fort Holabird industrial, 1811 & 1831 Portal street, & 6615 tributary street, Baltimore, Maryland .................................................64 9112 Guilford road, Columbia, Maryland .......................................................64 8350 & 8351 Bristol Court, Jessup, Maryland ................................................64 MD Wholesale Food Market, 7951 ocean Avenue & 7970 tarbay Drive, Jessup, Maryland .........................................................65 8306 Patuxent range road & 8332 Bristol Court, Jessup, Maryland..............65 8155 stayton Drive, Jessup, Maryland ...........................................................65 1015 & 1025 West nursery road, Linthicum Heights, Maryland ....................66 Cabot techs, 989–991 Corporate Boulevard, Linthicum Heights, Maryland ....66 ne Baltimore, 21 & 23 Fontana Lane, rosedale, Maryland ............................66 10 Kenwood Circle, Franklin, Massachusetts ..................................................67 Braemar ridge, 7500 West 78th street, Bloomington, Minnesota ...................67 Brooklyn Park interstate Center, 7700 68th Avenue, Brooklyn Park, Minnesota ..............................................................................67 eagandale Business Campus, 1285 & 1301 Corporate Centre Drive & 1230 & 1270 eagan industrial road, eagan, Minnesota .............................68 7401 Cahill road, Minneapolis, Minnesota .....................................................68 6105 trenton Lane north, Minneapolis, Minnesota ........................................68 8575 Monticello Lane, osseo, Minnesota .......................................................69 2950 Lexington Avenue south, st Paul, Minnesota .........................................69 2222–2298 Wooddale Drive, st Paul, Minnesota ............................................69 9900 Brookford street, Charlotte, north Carolina ............................................70 Commerce Park, 11517 Cordage street & 10900 s Commerce Boulevard, Charlotte, north Carolina ...........................70 3520–3600 Westinghouse Boulevard, Charlotte, north Carolina .....................70 World Park, 9756 & 9842 international Boulevard, Cincinnati, ohio ...............71 10013–11093 Kenwood road, Cincinnati, ohio .............................................71 4560 & 4570 Lake Forest Drive, Cincinnati, ohio ...........................................71 4343 & 4401 equity Drive, 1614–1634 & 1999 Westbelt Drive & 1901–1919 Dividend Drive, Columbus, ohio ..............................................72 2700 international street, Columbus, ohio .....................................................72 se Columbus, 2550 John Glenn Avenue & 2626 Port road, Columbus, ohio ...............................................................72 3800 twin Creeks Drive, Columbus, ohio .......................................................73 124 Commerce Boulevard, Loveland, ohio .....................................................73 Mechanicsburg, 5045 ritter road & 201 Cumberland Parkway, Harrisburg, Pennsylvania ..................................73 6350 & 6360 Brackbill Boulevard, Mechanicsburg, Pennsylvania ..................74 181 Fulling Mill road, Middletown, Pennsylvania ...........................................74 Memphis industrial, 3965 Pilot Drive, Memphis, tennessee ...........................74 912 113th street & 2300 east randoll Mill road, Arlington, texas .................75 1413 Bradley Lane, Carrollton, texas .............................................................75 455 Airline Drive, Coppell, texas ....................................................................75 555 Airline Drive, Coppell, texas ....................................................................76 1900 Diplomat Drive, Dallas, texas ................................................................76 2055 Diplomat Drive, Dallas, texas ................................................................76 11411, 11460–11480 & 11550–11560 Hillguard road, Dallas, texas ...........77 CtC at Valwood, 13755 Hutton Drive, Dallas, texas .......................................77 11011 regency Crest Drive, Garland, texas ...................................................77 Garland Jupiter, Garland, texas ......................................................................78 Plano Parkway, Plano, texas ..........................................................................78 1800–1808 10th street, Plano, texas.............................................................78 820–860 F Avenue, Plano, texas ...................................................................79 1600–1700 Capital Avenue, Plano, texas .......................................................79 3601 east Plano Parkway & 1000 shiloh road, Plano, texas .........................79 2701, 2801, 2805 east Plano Parkway & 2700 summit Avenue, Plano, texas ............................................................80 885 east Collins Boulevard, richardson, texas ..............................................80

Cornerstone Building, 5411 i–10 east & 1228 Cornerway Boulevard, san Antonio, texas .........................................80 302–402 n tayman road, san Antonio, texas ...............................................81 202 s tayman road, san Antonio, texas .......................................................81 1803 Grandstand Drive, san Antonio, texas ...................................................81 8151–8161 interchange Parkway, san Antonio, texas ....................................82 8171 interchange Parkway, san Antonio, texas .............................................82 8181 interchange Parkway, san Antonio, texas .............................................82 8191 interchange Parkway, san Antonio, texas .............................................83 interchange north 1, 3003, 3005 ne i–410 Loop, san Antonio, texas ...........83 tri‑County 2, tri‑County Parkway, schertz, texas ............................................83 tri‑County 5, tri‑County Parkway, schertz, texas ............................................84 tri‑County 6, tri‑County Parkway, schertz, texas ............................................84 850 north Lake Drive, Weatherford, texas .....................................................84 300 & 405–444 swann Avenue, 2402–2520 oakville street & 2412–2610 Jefferson Davis Highway, Alexandria, Virginia ...........................85 326–446 Calvert Avenue & 401–403 Murry’s Avenue, Alexandria, Virginia......85 Beaumeade telecom, 21561–21571 Beaumeade Circle, Ashburn, Virginia ....85 Beaumeade, Ashburn, Virginia .......................................................................86 44633–44645 Guilford road and 21641 Beaumeade Circle, Ashburn, Virginia ...........................................86 CtC at Dulles, 13555 eDs Drive, Herndon, Virginia .......................................86 45901–45905 nokes Boulevard, sterling, Virginia ..........................................87 Atlantic Corporate Park, 45600 & 45610 Woodland road, sterling, Virginia ...87 Kent West Corporate Park, 21902 64th Avenue s, Kent, Washington ..............87 riverbend Commerce Park, 8005 south 266th street, Kent, Washington .......88 riverbend Commerce Park, 26507 79th Avenue south, Kent, Washington .....88 8574 Boston Church road, Milton, ontario ....................................................88 Industrial Portfolio – Europe .................................................................. 89 Industrial Portfolio – france .................................................................. 90 21 rue du Chemin Blanc, 91160 Champlan, Paris .........................................90 Zone industrielle epône ii, 78680 epône, Paris ..............................................90 servon 1, route nationale 19 L’orme rond, 77170 servon, Paris ..................90 servon 2, route nationale 19 L’orme rond, 77170 servon, Paris ..................91 32 avenue de l’océanie, 91140 Villejust, Paris ...............................................91 19 rue de Bretagne, 38070 saint‑Quentin‑Fallavier, Lyon ...............................91 Industrial Portfolio – Germany ............................................................... 92 im Holderbusch 3, sulmstraße, ellhofen, Baden – Wurttemberg .....................92 schillerstraße 42, 42a, Bahnhofstraße 44, 50, ellhofen, Baden – Wurttemberg ....................................................................................92 schillerstraße 51, ellhofen, Baden – Wurttemberg ..........................................92 im steinbruch 4, 6, Knetzgau, Bayern ...........................................................93 Bremer ring & Hansestraße, Wustermark, Berlin, Brandenburg .....................93 nordstraße 1, Löbau, Brandenburg ................................................................93 im Gewerbegebiet 18, Friedewald, Hesse .......................................................94 niedesheimer straße 24, Worms, Hesse ........................................................94 Über der Dingelstelle, Langenweddingen, neidersachsen ...............................94 Liverpooler straße, Kopenhagener straße, osloer straße, Friemersheim, Duisburg, nordrhein Westfalen ...............................................95 theodorstraße, Düsseldorf, nordrhein Westfalen ............................................95 Carl‑Leverkus‑straße 3–5, Winkelsweg 182–184, Langenfeld, nordrhein Westfalen ...................................................................95 schneiderstraße 82, Langenfeld, nordrhein Westfalen ....................................96 Former straße 6, Unna, nordrhein Westfalen .................................................96 retail Portfolio – australia ..................................................................... 97 Westfield Whitford City shopping Centre, Whitford Avenue & Lot 6 endeavour road, Hillarys, WA .................................98

100 DEXUS ProPErty GroUP ProPerty synoPsis 2009

DIrEctory

DeXUs Diversified trust Arsn 089 324 541

DeXUs industrial trust Arsn 090 879 137

DeXUs office trust Arsn 090 768 531

DeXUs operations trust Arsn 110 521 223

responsible entity

DeXUs Funds Management Limited ABn 24 060 920 783

registered office of responsible entity

Level 9, 343 George street sydney nsW 2000

Po Box r1822 royal exchange sydney nsW 1225

Phone: +61 2 9017 1100 Fax: +61 2 9017 1101 email: [email protected] Website: www.dexus.com

investor enquiries

infoline: 1800 819 675 or +61 2 8280 7126 investor relations: +61 2 9017 1330 email: [email protected] Website: www.dexus.com

security registry

Link Market services Limited Level 12, 680 George street sydney nsW 2000

Locked Bag A14 sydney south nsW 1235 registry infoline: 1800 819 675 or +61 2 8280 7126 Fax: +61 2 9287 0303 email: [email protected] Website: www.linkmarketservices.com.au

Monday to Friday between 8.30am and 5.30pm (sydney time).

For enquiries regarding your holding you can either contact the security registry, or access your holding details via the investor Centre on our website www.dexus.com/investor‑Centre/DXs. aspx and look for the blue investor Login box.

australian stock exchange AsX Code: DXs

www.dexus.com

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