DEXUS — Investor Presentation 2016

Jun 8, 2016

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DEXUS Property Group (ASX: DXS)
ASX release
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9 June 2016

Brisbane property tour

DEXUS Property Group (DEXUS) is hosting a Brisbane property tour today and provides the attached Brisbane property tour book which will be used as a basis of discussion with institutional investors and brokers.

For further information please contact: Investor relations

Media relations

Rowena Causley T: +61 2 9017 1390 Louise Murray T: +61 2 9017 1446 M: +61 416 122 383 M:+61 403 260 754 E: rowena.causley@dexus.com E: louise.murray@dexus.com

About DEXUS

DEXUS Property Group is one of Australia’s leading real estate groups, investing directly in high quality Australian office and industrial properties. With $21.5 billion of assets under management, the Group also actively manages office, industrial and retail properties located in key Australian markets on behalf of third party capital partners. The Group manages an office portfolio of 1.8 million square metres located predominantly across Sydney, Melbourne, Brisbane and Perth and is the largest owner of office buildings in the Sydney CBD, Australia’s largest office market. DEXUS is a Top 50 entity by market capitalisation listed on the Australian Securities Exchange under the stock market trading code ‘DXS’ and is supported by more than 32,000 investors from 20 countries. With more than 30 years of expertise in property investment, development and asset management, the Group has a proven track record in capital and risk management, providing service excellence to tenants and delivering superior risk-adjusted returns for its investors. www.dexus.com

Download the DEXUS IR app to your preferred mobile device to gain instant access to the latest stock price, ASX Announcements, presentations, reports, webcasts and more.

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DEXUS Funds Management Ltd ABN 24 060 920 783, AFSL 238163, as Responsible Entity for DEXUS Property Group (ASX: DXS)

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DEXUS PROPERTY GROUP BRISBANE PROPERTY TOUR - 9 JUNE 2016

2 DEXUS PROPERTY GROUP - BRISBANE PROPERTY TOUR

DEXUS PROPERTY GROUP BRISBANE INDUSTRIAL PORTFOLIO

DEXUS PROPERTY GROUP - BRISBANE PROPERTY TOUR

3

50 & 70 RADIUS DRIVE , LARAPINTA

PROPERTY DETAILS AT 31 DECEMBER 2015

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Building type Industrial/Warehouse ______________
Title Freehold
______________
Site Area (hectares) 4.5
______________
Lettable area ('000 m2) 23.1
______________
Lettable area adjusted ('000 m2) 11.5 ______________
Ownership (%) DXS 50 ______________
Co-owner DEXUS Industrial Partner ______________

PROPERTY STATISTICS AT 31 DECEMBER 2015

	______________	______________
	Metro Area Larapinta ______________
	Zoning General Industrial ______________
	Acquisition date Aug2014 ~~______________~~ Project cost $m $13.0
	Book value: $m $11.0 ______________ Yield on cost (%) 8.7
	Independent valuation date Jun 2015 ______________ Occupancy as at 31 December 2015 (%) 0
	~~Independent valuation: $m~~ ~~$5.4~~ ______________ Completion date Feb 2016
	_
	Property contact: _

50 & 70 Radius Drive, Larapinta, is a strategically located industrial development site located midway along the east-west connector transport corridor in south east Queensland, the Logan Motorway. The recently completed development along Radius Drive provides 23,080 square metres of high quality office and warehouse logistics accommodation.

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4 DEXUS PR ~~OP~~ ERTY GROUP - BRISBANE PROPERTY TOUR

DRIVE INDUSTRIAL ESTATE, 255 ARCHERFIELD ROAD, RICHLANDS

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DRIVE Industrial Estate is a 13.35 hectare site offering 76,000 square metres of large scale prime quality multi-unit industrial facilities. Stage 1 reached practical completion in late 2014 and is 86% leased. Stage 2 is also now complete.

PROPERTY DETAILS AT 31 DECEMBER 2015

PROPERTY DETAILS AT 31 DECEMBER 2015 ______________	PROPERTY DETAILS AT 31 DECEMBER 2015 ______________
Building type Industrial Estate ______________
Title	Freehold
______________
Site Area (hectares)	13.35
______________
Lettable area ('000 m2)	75.3
______________
Lettable area adjusted ('000 m2) 75.3 ______________
Number of buildings 5 ______________
Year built 2004 ______________ Completion date 2014-2016
Ownership (%)	DWPF
______________
_
PROPERTY STATISTICS AT 31 DECEMBER 2015
______________
Metro Area	Richlands
______________
Zoning General Industrial & Light Industry ______________
Acquisition date Nov 2010 ______________
Occupancy (%)	71.5
Development cost ($m)	$99.0

Property contact: _ Jeff Gordon Ph: +61 423 550 583 _ DEXUS Property Group _

The estate consists of five sub-divisible buildings accommodating 3,000-35,000 square metres attracting users looking for innovative, flexible and purpose built facilities. Richlands is a core industrial market with excellent connectivity to key transport infrastructure, primary industries and employment hubs, located approximately 18 kilometres southwest of the Brisbane CBD. The site benefits from excellent access to main transport nodes including the Ipswich, Logan and Centenary motorways, all within two kilometres from the site.

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WAREHOUSEBUILDING 413,669.5m²
HARDSTAND38m BUILDING 5A16,063.5m²TARGET BUILDING 5B16,063.5m²TARGET HARDSTAND36m HARDSTAND35m
CARPARKING13 SPACES CARPARKING14 SPACES
(over 2 levels)OFFICE 5A1,163.5m² 76 UNDERCROFT CARPARKING 79 UNDERCROFT CARPARKING (over 2 levels)OFFICE 5B931.5m² (over 2 levels)OFFICE 4984m² 79 UNDERCROFT CARPARKING
(over 2 levels)OFFICE 3A343m²
substation
CARPARKING 28 SPACES CARPARKING 13 SPACES f s tankpump CARPARKING 17 SPACES BUILDING 3AWHEELPRO2,014.0m²
CARPARKING31 SPACES HARDSTAND35m 10m AWNING OVER HARDSTAND35m CARPARKING88 SPACES 10m AWNING OVERHARDSTAND35m HARDSTAND35m
(over 2 levels)OFFICE 1A531m² OFFICE 1B280m² (over 2 levels)OFFICE 2609.5m²
BUILDING 1AUNITRANS8,550m² IRON MOUNTAINBUILDING 1B3,780m² WAREHOUSEBUILDING 26,181.5m² BUILDING 3B3,324.5m²MTD
OFFICE 3B308.0m²
CARPARKING 41 SPACES
10m AWNING OVER
6m AWNING OVER
6m AWNING OVER
CARPARKING 17 SPACES
CARPARKING 20 SPACES
CARPARKING 10 SPACES
CARPARKING 64 SPACES
CARPARKING 53 SPACES 10m AWNING OVER
38 UNDERCROFT CARPARKING
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DEXUS PROPERTY GROUP - BRISBANE PROPERTY TOUR 5

DEXUS PLACE

The Place to meet.

Every day, a growing number of corporations choose to meet at DEXUS Place.

Why? Because DEXUS Place is the solution for all your meeting, training, events and conference needs.

< Make your workspace more efficient and count the savings

< Increase the productivity of your work teams in our intelligently designed spaces

< Connect with employees and clients using the latest technology

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Let us introduce you to DEXUS Place.

DEXUS Place gives customers access to the best in meeting, training, events, project and conference spaces.

Our extensive market research indicates that 70 per cent of businesses have a meeting room shortage as open-plan and activity-based workplaces become the norm. Productivity is at risk when training sessions are cancelled and important meetings are delayed. This is why we created DEXUS Place.

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Located in Sydney, Melbourne and Brisbane, each facility gives members and casual users flexible room configurations, sophisticated concierge and catering services, advanced technology and, most importantly, peace of mind. In DEXUS Place, your team members are immersed in the perfect environment for thinking and making things happen as they collaborate and engage – and it’s all available at the click of a button through our online booking system.

Contact us now to arrange a personal tour and see how we can help you.

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The top 10 reasons
customers use DEXUS Place.
Prime locations Privacy comes first
Sitting in major CBD business precincts, DEXUS Place sites are We understand that discerning corporations demand privacy
easily accessible to you, your teams and guests and can be used as for their executives and clients. Our premium meeting rooms
an extension of your workplace. incorporate acoustic panelling, frosted decals and curtains, along
with security safeguards to protect your information and data.
Scale up, scale down
Sensational service
Connect, Perhaps you need a conference site for 250 people, or a private
meeting space for four. DEXUS Place customers can select Our customers really matter to us, so the DEXUS Place concierge
collaborate from workspace configurations that suit different audiences, and reception teams are on hand to provide highly personalised,
requirements and capacities. flexible and responsive service. Let us take the headaches out of
and grow. your meetings and conferences.
DEXUS Property Group is the largest listed Technology that connects
owner and manager of Australian office and Value for money
industrial properties, with a total portfolio
valued at $19.1 billion of which the office Of course, we have high-speed internet, dedicated lines for video-
portfolio represents $12.4 billion and covers conferencing and technology that allows you to connect tablets Unlike some conference and hotel facilities, there are no surprising
1.7 million sqm. and devices. There are also special areas such as the 21-seat add-on fees at DEXUS Place. Our model for members or casual
DEXUS Place sites offer members: Polycom® RealPresence® Immersive Studio, providing a best-in- users allows you to book the rooms you need – and access all our
class meeting experience, and an auditorium with high-definition services – for one inclusive rate.
< Premium executive boardrooms audio visual displays. Save on travel costs as you connect – simply
< Auditoriums for conferences and seminars and immediately – with colleagues anywhere in the world.
< Meeting and project rooms
< Training and workshop areas
<< Dedicated market research spaces Business lounges Designed just for you Friendly IT assistance
< Breakout areas, including cafes
Our meeting, training and conference spaces have been Whether you bring your own devices or use our state-of-the-art
constructed following collaboration with workspace design and technology, our in-house IT team is available to ensure there are
technology experts and potential clients. As a result, we offer no glitches.
flexible room options for all occasions, dedicated breakout areas
and the best technology – just as you requested.
And those little extras…
Delicious food & beverages
Graffiti walls and whiteboards so your teams can brainstorm in
style; convenient trolley lockers for barristers and law firms; access
An outstanding catering service ensures DEXUS Place guests to beautiful bathrooms with showers; the best sound and acoustics
enjoy delicious food and beverages, from light and nutritious for your meetings; and market research rooms that let you test
refreshments to contemporary boardroom lunch menus. Eat in your your latest product or service. And then there’s the stunning art
meeting or breakout rooms, or in our stylish café breakout room installations we regularly rotate through our sites to enhance your
where you can catch up with others and escape work for a while. experience.
For all these reasons, we think you’ll do some of your best work yet
at DEXUS Place, but there’s a lot more we can tell you. Join us on
a tour of DEXUS Place and we’ll give you the complete story.
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DEXUS PROPERTY GROUP - BRISBANE PROPERTY TOUR 7

DEXUS BRISBANE PROPERTY TOUR — JUNE 2016 Peter Studley, General Manager Research

— ECONOMIC GROWTH By state

Final demand by state (consumption plus investment)

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Final demand
per annum NSW VIC QLD WA
6.0%
4.0%
2.0%
0.0%
-2.0%
-4.0%
-6.0%
Jun-15 Jun-16 Jun-17 Jun-18
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• 10 year average growth rate in real final demand for QLD is 3.5% per annum

Source: DAE, DEXUS Research.

8 DEXUS PROPERTY GROUP - BRISBANE PROPERTY TOUR

THE ECONOMY — Queensland growth set to finally improve?

Deloitte Access Economic projections of QLD state final demand

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Annual growth
12.0%
10.0%
8.0%
6.0%
Q1 2013
4.0%
Q1 2014
2.0%
Q1 2015
0.0%
-2.0% Q1 2016
-4.0%
-6.0%
Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15 Dec-16 Dec-17
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• Forecast for QLD pushed out but now growth more likely

Source: DAE, DEXUS Research.

— SOURCES OF GROWTH Investment has been the problem

Consumption and investment (quarterly)

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$m  Mining investment
Household consumption Gross fixed capital formation
contracting sharply
50,000

declining
40,000
 Construction is rising
30,000 
national average
20,000
10,000
Dec-05 Dec-07 Dec-09 Dec-11 Dec-13 Dec-15
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• Government investment declining

• Construction is rising

• Spending and consumption is positive but below the national average

DEXUS PROPERTY GROUP - BRISBANE PROPERTY TOUR 9

POPULATION — Growth by state

Total population growth by state

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Annual growth
NSW VIC QLD WA SA ACT AUS
4.0%
3.5%
3.0%
2.5%
2.0%
1.5%
1.0%
0.5%
0.0%
Jun-05 Jun-07 Jun-09 Jun-11 Jun-13 Jun-15 Jun-17 Jun-19
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• QLD’s population growth has fallen below the national average

• The decline in resource investment has limited growth in employment driving migration south

Source: DAE, DEXUS Research.

— KEY INDICATORS International tourist arrivals growing strongly

QLD international tourist growth

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Annual growth
QLD Brisbane
15.0%
10.0%
5.0%
0.0%
-5.0%
-10.0%
Dec-06 Dec-07 Dec-08 Dec-09 Dec-10 Dec-11 Dec-12 Dec-13 Dec-14 Dec-15
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Source: ABS, DEXUS Research.

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— KEY INDICATORS QLD employment growth positive

QLD employment growth (full-time and part-time)

Annual growth

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6.0%
5.0%
4.0%
3.0%
2.0%
1.0%
0.0%
-1.0%
Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16
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Source: ABS, DEXUS Research.

— BRISBANE CBD Composition of office market

Brisbane CBD tenant mix (gross leasing last 10 yrs)

Brisbane CBD stock mix of total 2.2m sqm market size

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Government
18% 23% 13% Premium
Business Services A Grade
4% Finance B Grade
46%
12% Mining
41%
28% Communications
15% Other
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DEXUS’s Brisbane exposure[1]

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Net lettable area 250,650sqm
No. of properties 6
Office portfolio 16%
Occupancy by income [2] 96.6%
Source: DEXUS Research, JLL Research.
WALE [2] 5.1 years 1. DEXUS on balance sheet assets only.
2. Excludes 480 Queen Street, Brisbane QLD.
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DEXUS PROPERTY GROUP - BRISBANE PROPERTY TOUR 11

— CBD VACANCY RATE Prime vacancy to fall from here

Vacancy by grade in Brisbane CBD (qtly)

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Prime Secondary Total
25%
19.3%
20%
18.2%
17.0%
15%
10%
5%
0%
Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16
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• Vacancy currently 18.2% forecast to fall to circa 12% in the next 5 years

• Prime vacancy up due to completion of 480 Queen Street and 180 Ann Street

• Prime vacancy likely to fall due to

• Flight to quality

• Competitive prime rents

• Withdrawal of secondary stock

Source: JLL Research, DEXUS Research.

— SUBLEASE SPACE Will take a while to work through

Sublease space by type and grade

Sublease space monthly

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CBD SUPPLY OUTLOOK — Supply inflated short term, but withdrawals to help

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sqm
Sum of Withdrawal Sum of Refurb un-com Sum of Refurb pre-com Sum of New un-com Sum of New pre-com
80,000
60,000
40,000
20,000
0
-20,000
-40,000
Source: DEXUS Research. FY16 FY17
180 Ann Street (Daisho) 480 Queen Street 155 Queen Street 170 Queen Street 443 Queen Street 83-85 George St 72-80 George Street 75 William St 100 George Street 1 William St 306-310 Ann Street 142-160 Mary St 147-163 Charlotte St
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— OFFICE DEMAND GROWTH Improving and broadening

Net absorption in Brisbane CBD by industry (yrly)

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Finance & Insurance Property & Business Services
‘000sqm
Agriculture & mining Government
Education & Health Other
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• Business services, education and health now growing

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80
60
40
20
0
-20
-40
-60
-80
Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16
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• Finance affected by moves out of CBD by Suncorp and Bank of Queensland

• Mining sector impact tapering

Source: JLL Research, DEXUS Research.

DEXUS PROPERTY GROUP - BRISBANE PROPERTY TOUR 13

— OFFICE NET ABSORPTION Into recovery phase, demand to pick up in FY16

Underlying demand vs net absorption

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‘000sqm Net abs Underlying demand Avg net abs
100 Mining Boom:
45,200sqm p.a. Forecast:
80
29,000sqm p.a.
60
40
20
0
-20
-40 Pre-Mining Boom:
22,800sqm p.a.
-60 Post-Mining Boom: Govt contraction
-40,800sqm p.a.
-80
-100
FY95 FY98 FY01 FY04 FY07 FY10 FY13 FY16 FY19
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Source: JLL Research, DEXUS Research.

— RENTS Rents appear to be bottoming

 Prime and secondary rents stabilising

Prime rents in Brisbane CBD (qtly)

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Prime Incentives Prime Gross Face Rent
/sqm Prime Gross Effective Rent
$1,000 100%
$800 80%
$698
$600 60%
$394
$400 40%
$200 20%
$0 0%
Mar-06 Mar-08 Mar-10 Mar-12 Mar-14 Mar-16
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Secondary rents in Brisbane CBD (qtly)

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Secondary Incentives Secondary Gross Face Rent
/sqm Secondary Gross Effective Rent
$800 100%
80%
$600 $538
60%
$400
$284 40%
$200
20%
$0 0%
Mar-06 Mar-08 Mar-10 Mar-12 Mar-14 Mar-16
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Source: JLL Research, DEXUS Research.

14 DEXUS PROPERTY GROUP - BRISBANE PROPERTY TOUR

— BRISBANE OUTLOOK Supply to keep rents flat short term

Supply demand and vacancy

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‘000sqm Net supply Net abs Vacancy rate  Demand to improve FY16+
80 20%
16.4%  Supply high in short term,
15.8%
60 15.2% but should decline post FY17
16%
13.8% 13.9%
40 12.8%  Vacancy high until FY18
12%
20  Rental growth outlook weak
0 in short term improving
8%
from FY18+
-20
4%
-40
-60 0%
FY15 FY16 FY17 FY18 FY19 FY20
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Source: JLL Research, DEXUS Research forecasts.

DEXUS PROPERTY GROUP - BRISBANE PROPERTY TOUR 15

16 DEXUS PROPERTY GROUP - BRISBANE PROPERTY TOUR

DEXUS PROPERTY GROUP BRISBANE CBD OFFICE PORTFOLIO

DEXUS PROPERTY GROUP - BRISBANE PROPERTY TOUR 17

WATERFRONT PLACE COMPLEX, 1 EAGLE STREET, BRISBANE

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The Waterfront Place complex comprises a landmark 37 level Premium Grade office tower and Eagle Street Pier across 65,706 square metres. The properties are located within the prime commercial precinct of the Brisbane CBD known as the "Golden Triangle", between the eastern alignment of Eagle Street and the western bank of the Brisbane River.

Eagle Street Pier is an adjoining two-level retail food and beverage complex occupied by a number of highly regarded operators and is considered one of the Brisbane CBD's premier dining destinations. Naldham House is located on the corner of Mary and Felix Street in Brisbane and was built in the late 1870s.

The Complex provides hotel style concierge, flexible lobby areas for casual business meetings, end of trip facilities, a 500 bay car park and valet car wash service and DEXUS Place, an intelligently designed, premium workspace that provides solutions for all meeting, training and conference space requirements.

DEXUS Place is a unique space in the Brisbane office market appealing to a wide range of customers, from small office space users servicing national clients in multiple locations, to large corporates seeking a home for their client functions, strategy days and collaborative meetings.

PROPERTY DETAILS AT 31 DECEMBER 2015

Building type Premium Grade Office
______________
Lettable area ('000 m2) 67.5
______________
Lettable area adjusted ('000 m2) 33.8
______________
Typical floor area (m2) 1800 ______________
Number of buildings 3 ______________
Car parking spaces 475 ______________
NABERS Energy rating: (with GreenPower) 5.0 ______________
NABERS Energy rating: (without GreenPower) 5.0 ______________
NABERS Water rating 4.0 ______________
Year built 1990
______________
Major tenant Minter Ellison ______________
Ownership (%) DXS 50 ______________
Co-owner DEXUS Wholesale Property Fund ______________

PROPERTY STATISTICS AT 31 DECEMBER 2015

Metro Area Brisbane
______________
Acquisition date Oct 2015 ______________
Book value: $m $348.5 ______________
Independent valuation date Dec 2015 ______________
Independent valuation: $m $348.5 ______________
Market cap rate (%) 6.44 ______________
Initial yield (%) 6.91 ______________
Leased by area (%) 96 ______________
Weighted lease term by income: (year/s) 4.9 ______________

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Property contact:
Martin Blaszczyk Ph: +61 403 891 841

DEXUS Property Group

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Sustainability:

The Complex has 5.0 star NABERS Energy rating and a 4.0 star NABERS Water rating.

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18 DEXUS PROPERTY GROUP - BRISBANE PROPERTY TOUR

10 EAGLE STREET, BRISBANE

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10 Eagle Street is an A Grade office tower prominently positioned on an island site in the heart of Brisbane's Golden Triangle. Bounded by Eagle, Charlotte and Market Streets, the 32 level tower allows for expansive views from every level. Premium services include a full service concierge, newly completed end of trip facilities and onsite building management.

10 Eagle Street provides an efficient floor plate up to 950 square metres and is centrally located within the prime commercial precinct, close to Brisbane's premier riverside dining precinct and transport links.

Sustainability:

10 Eagle Street provides environmentally friendly features including energy-efficient T5 lighting and sensor lighting, and a paper and card recycling program.

10 Eagle Street has achieved a 4.5 star NABERS Energy rating and 4.0 star NABERS Water rating.

PROPERTY DETAILS AT 31 DECEMBER 2015

Building type A Grade Office ______________
Title Freehold
______________
Site Area (hectares) 0.3
______________
Lettable area ('000 m2) 27.6
______________
Lettable area adjusted ('000 m2) 13.8
______________
Typical floor area (m2) 950 ______________
Number of buildings 1 ______________
Car parking spaces 190 ______________
NABERS Energy rating: (with GreenPower) 4.5 ______________
NABERS Energy rating: (without GreenPower) 4.5 ______________
NABERS Water rating 4.0 ______________
Year built 1978
______________
Major tenant Eagle Street Services ______________
Ownership (%) DXS 50 ______________
Co-owner DEXUS Office Partner ______________

PROPERTY STATISTICS AT 31 DECEMBER 2015

Metro Area Brisbane
______________
Zoning MPI - City Centre ______________
Acquisition date Apr 2014 ______________
Book value: $m $108.5 ______________
Independent valuation date Dec 2015 ______________
Independent valuation: $m $108.5 ______________
Market cap rate (%) 6.75 ______________
Initial yield (%) 6.68 ______________
Leased by area (%) 91 ______________
Weighted lease term by income: (year/s) 4.7 ______________

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Property contact:
Martin Blaszczyk Ph: +61 403 891 841

DEXUS Property Group

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DEXUS PROPERTY GROUP - BRISBANE PROPERTY TOUR 19

12 CREEK STREET, BRISBANE

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12 Creek Street is a 32 level A Grade office tower located within Brisbane Golden Triangle. The building provides ground floor retail accommodation and foyer, 33 upper levels of office and includes two plant and storage levels with four basement levels providing parking for 293 cars.

12 Creek Street combines iconic design with a sense of space and quality to create an office environment that drives productivity and collaboration. Large framed windows and smart side-core design delivers tenants highly efficient 1,010 square metre floor plates with superior indoor environmental services. 12 Creek Street refined its services platform providing tenants smooth efficient high-speed lifts, digitally monitored air-conditioning and increased energy efficiency. The buildings central location is only a step away from Brisbane's cultural hub of restaurants, entertainment and transport links.

Sustainability:

As part of our commitment to Corporate Responsibility & Sustainability DEXUS has developed a Strategic Improvement Plan with a detailed strategy to improve the sustainability performance of the building. The project is underway and includes; replacement of Variable Air Volume (VAV) units which will deliver improvements in temperature control and reduced energy consumption, building Management Control System upgrades which will significantly improve the operation of the building reduce response times and deliver higher levels of tenant comfort and installation of submetering and monitoring systems that allow DEXUS to benchmark Blue Tower and identify initiatives for ongoing improvements in the property's NABERS Energy and Water ratings.

PROPERTY DETAILS AT 31 DECEMBER 2015

Building type A Grade Office ______________
Title Freehold
______________
Site Area (hectares) 0.3
______________
Lettable area ('000 m2) 32.1
______________
Lettable area adjusted ('000 m2) 16.0
______________
Typical floor area (m2) 1,010-1,088 ______________
Number of buildings 2 ______________
Car parking spaces 293 ______________
NABERS Energy rating: (with GreenPower) 3.5 ______________
NABERS Energy rating: (without GreenPower) 3.5 ______________
NABERS Water rating 3.5 ______________
Year built 1984
______________
Major tenant BDO ______________
Ownership (%) DXS 50 ______________
Co-owner DEXUS Wholesale Property Fund ______________

PROPERTY STATISTICS AT 31 DECEMBER 2015

Metro Area Brisbane
______________
Zoning MPI - City Centre ______________
Acquisition date Oct 2012 ______________
Book value: $m $138.8 ______________
Independent valuation date Dec 2015 ______________
Independent valuation: $m $138.8 ______________
Market cap rate (%) 6.50 ______________
Initial yield (%) 7.09 ______________
Leased by area (%) 93 ______________
Weighted lease term by income: (year/s) 4.5 ______________

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Property contact:
Martin Blaszczyk Ph: +61 403 891 841

DEXUS Property Group

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20 DEXUS PROPERTY GROUP - BRISBANE PROPERTY TOUR

145 ANN STREET, BRISBANE

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Completed in 2012, 145 Ann Street is a striking A Grade office tower in a prime Brisbane CBD location with close proximity to King George Square, Queen Street Mall and the courts. The building features premium end of trip facilities, onsite childcare centre and basement parking.

The 27 level tower comprises large, open floor plates which encourage design flexibility and connectivity while the low sill heights and stepped perimeter ceiling maximise natural light.

Sustainability:

145 Ann Street has achieved a 6 Star Green Star - Office Design v2 and Office As Built v2 ratings and a 5.5 star NABERS Energy rating. Initiatives such as cogeneration, central lighting activation and mandatory recycling programs have ensured the building delivers on its sustainability credentials. The building was the first project in Australia to be publicly supported by the Heart Foundation, and is commended for its Healthy by Design features including the end of trip facilities, a healthy choice café and people friendly stairwells connecting all floors from the ground floor.

PROPERTY DETAILS AT 31 DECEMBER 2015

Building type A Grade Office ______________
Title Leasehold
______________
Site Area (hectares) 0.3
______________
Lettable area ('000 m2) 28.1
______________
Lettable area adjusted ('000 m2) 14.0
______________
Typical floor area (m2) 1,100 ______________
Number of buildings 1 ______________
Car parking spaces 103 ______________
NABERS Energy rating: (with GreenPower) 5.5 ______________
NABERS Energy rating: (without GreenPower) 5.5 ______________
NABERS Water rating 4.5 ______________
Green Star rating: 6.0 Star (Office Design v2) / 6.0 Star
(Office As Built v2) ______________
Year built 2012
______________
Major tenant GHD Services ______________
Ownership (%) DXS 50 ______________
Co-owner DEXUS Office Partner ______________

PROPERTY STATISTICS AT 31 DECEMBER 2015

Metro Area Brisbane
______________
Zoning MPI - City Centre ______________
Acquisition date Apr 2014 ______________
Book value: $m $133.8 ______________
Independent valuation date Dec 2015 ______________
Independent valuation: $m $133.8 ______________
Market cap rate (%) 6.50 ______________
Initial yield (%) 6.64 ______________
Leased by area (%) 100 ______________
Weighted lease term by income: (year/s) 6.5 ______________

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Property contact:
Martin Blaszczyk Ph: +61 403 891 841

DEXUS Property Group

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DEXUS PROPERTY GROUP - BRISBANE PROPERTY TOUR 21

123 ALBERT STREET, BRISBANE

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123 Albert Street is Brisbane's first Premium Grade tower to achieve a 6 Star Green Star rating. Completed in 2011, the tower comprises 26 levels of office space, eight levels of car parking, quality tenant amenities and an expansive ground floor lobby with five retail shops.

Designed to epitomise the leading edge of workplace design, 123 Albert Street used the highest quality materials and advanced technology in the design and construction phase to deliver the most efficient working environment for long term cost effectiveness. 123 Albert Street offers some of the largest floor plates available in the Brisbane CBD. Light spills into the ground plane from Albert and Charlotte Streets. The design of the podium sets a new standard in the creation of an elegant yet functional business environment. 123 Albert Street is adjacent to Brisbane's financial hub, law courts and government sector and provides easy access to major public transport hubs and Brisbane's arterial road systems.

Sustainability:

123 Albert Street's design features promote flexibility, staff enjoyment and achieved a 6 Star Green Star - Office Design v2 Certified Rating and a 5.5 star NABERS Energy rating. The tower is wrapped in high performance polarised compound glass with strategically placed solar reflectors on every level. Heat absorption and glare are deflected while chamfered ceilings and glazing directs additional natural light well into the floor plate. 123 Albert Street incorporates materials including low Volatile Organic Products in everything from exterior finishes to paints, sealants and even carpets. Chilled beam cooling technology provides optimal efficiencies, monitoring energy consumption in line with Green Star and NABERS benchmarks.

PROPERTY DETAILS AT 31 DECEMBER 2015

Building type Premium Grade Office ______________
Title Freehold
______________
Site Area (hectares) 0.4
______________
Lettable area ('000 m2) 39.3
______________
Lettable area adjusted ('000 m2) 39.3
______________
Typical floor area (m2) 1,513-1,604 ______________
Number of buildings 1 ______________
Car parking spaces 382 ______________
NABERS Energy rating: (with GreenPower) 5.5 ______________
NABERS Energy rating: (without GreenPower) 5.5 ______________
NABERS Water rating 4.5 ______________
Green Star rating: 6.0 Star (Office Design v2) / 6.0 Star
(Office As Built v2) ______________
Year built 2011
______________
Major tenant Rio Tinto ______________
Ownership (%) DXS 100 ______________

PROPERTY STATISTICS AT 31 DECEMBER 2015

Metro Area Brisbane ______________
Zoning MPI - City Centre ______________
Acquisition date Oct 1984 ______________
Book value: $m $430.0 ______________
Independent valuation date Dec 2015 ______________
Independent valuation: $m $430.0 __________ Market cap rate (%) 6.50 _________ Initial yield (%) 6.58 ________ Leased by area (%) 100 ________ Weighted lease term by income: (year/s) 5.1 ___________

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Property contact:
Damien Conoulty Ph: +61 411 575 432

DEXUS Property Group

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22 DEXUS PROPERTY GROUP - BRISBANE PROPERTY TOUR

480 QUEEN STREET, BRISBANE

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480 Queen Street is a 32-level Premium Grade office building providing 55,561 square metres of office accommodation and was completed in March 2016. Located in Brisbane’s ‘Golden Triangle’ with views to the river, Story Bridge and St John’s Cathedral, the building offers exceptional amenities including a vibrant food and beverage precinct in the lower levels, a nature based in-building parkland and a spectacular rooftop entertaining area.

Sustainability:

The building is targeting a 6 Star Green Star As Built and 5 star NABERS Energy ratings.

PROPERTY DETAILS AT 31 DECEMBER 2015

Building type Premium Grade Office ______________
Title Freehold
______________
Site Area (hectares) 0.4
______________
Lettable area ('000 m2) 56.2
______________
Lettable area adjusted ('000 m2) 28.1
______________
Typical floor area (m2) 1,731-2,849 ______________
Number of buildings 1 ______________
Car parking spaces 272 ______________
Green Star rating: 6.0 Star (Office Design v3) ______________
Year built 2016
______________
Ownership (%) DXS 50 ______________
Co-owner DEXUS Wholesale Property Fund ______________

PROPERTY STATISTICS AT 31 DECEMBER 2015

Metro Area Brisbane
______________
Zoning MPI - City Centre ______________
Acquisition date Apr 2013 ______________
Book value: $m $235.6 ______________
Independent valuation date Dec 2015 ______________
Independent valuation: $m $235.6 ______________
Market cap rate (%) 6.50 ______________

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Property contact:
Richard Garing Ph: +61 411 502 737

DEXUS Property Group

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DEXUS PROPERTY GROUP - BRISBANE PROPERTY TOUR 23

NOTES

ABOUT DEXUS

DEXUS Property Group is one of Australia’s leading real estate groups, investing directly in high quality Australian office and industrial properties. With $21.5 billion of assets under management, DEXUS also actively manages office, industrial and retail properties located in key Australian markets on behalf of third party capital partners. DEXUS manages an office portfolio of 1.8 million square metres across Sydney, Melbourne, Brisbane and Perth and is the largest institutional owner of office buildings in the Sydney CBD, Australia’s largest office market. DEXUS is a Top 50 entity by market capitalisation listed on the Australian Securities Exchange under the stock market trading code ‘DXS’ and is supported by more than 32,000 investors from 20 countries. With 30 years of expertise in property investment, development and asset management, DEXUS has a proven track record in capital and risk management, providing service excellence to tenants and delivering superior risk-adjusted returns to investors. www. dexus.com

DEXUS Funds Management Ltd ABN 24 060 920 783, AFSL 238163, as Responsible Entity for DEXUS Property Group (ASX: DXS)

24 DEXUS PROPERTY GROUP - BRISBANE PROPERTY TOUR

DEXUS PROPERTY GROUP - BRISBANE PROPERTY TOUR - 9 JUNE 2016

DEXUS PROPERTY GROUP - BRISBANE PROPERTY TOUR 25