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GPT GROUP Annual Report 2020

Feb 14, 2021

65009_rns_2021-02-14_25ab982c-9456-4898-938d-ce21f95e2c9e.pdf

Annual Report

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15 February 2021

2020 Annual Result Property Compendium

GPT provides its 2020 Annual Result Property Compendium which is authorised for release by the GPT Group Company Secretary.

-ENDS-

For more information, please contact:

INVESTORS MEDIA Penny Berger Grant Taylor Head of Investor Relations Communications Manager & Corporate Affairs +61 402 079 955 +61 403 772 123

www.gpt.com.au

Level 51, MLC Centre, 19-29 Martin Place, Sydney NSW 2000

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Annual Result

Contents

Retail 3 Office 29 Logistics 76

123 Eagle Street, Brisbane

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December

Casuarina Square Northern Territory

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4 RETAIL PORTFOLIO
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Casuarina Square, Northern Territory

Casuarina Square is the dominant shopping destination in Darwin and the Northern Territory. The centre is located in the northern suburbs of Darwin, a 15 minute drive from Darwin’s Central Business District (CBD) and 20 minutes from the satellite town of Palmerston.

The centre incorporates 199 tenancies including two discount department stores, two supermarkets, cinema and entertainment offer. The centre is also complemented by a 303 bed student accommodation facility operated by Unilodge. Casuarina Square is home to one of Australia’s largest solar rooftop systems after installation of the 1.25MW (megawatt) system in 2015.

Key Metrics as at 31 December 2020

General

Ownership Interest 50% GPT, 50% GWSCF Acquired GPT: October 1973, GWSCF: June 2012 Asset Type Regional Centre Construction Completed 1973 Latest Refurbishment/Development 2016 (Entertainment and Leisure Precinct) Traditional Custodians Traditional land of the Larrakia people

Current Valuation

Fair Value[1] GPT: $209.8m, GWSCF: $209.8m Capitalisation Rate[2] 6.25% Valuation Type Independent

Centre Details

Total GLA 55,000 sqm Number of Tenancies 199 Car Parking Spaces 2,456 Retail Occupancy 94.9%

Sales Information

Sales Information
Sales Turnover per Square Metre
Occupancy Costs
Annual Centre Turnover
Key Tenants
Total Centre
Specialties
$7,089
$9,934
10.4%
15.8%
$351.4m
Kmart
Big W
Woolworths
BCC Cinemas
Coles
Area (sqm)
7,450
6,130
5,020
4,120
3,750

Sustainability

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol.

  1. Retail component only.

  2. Includes retail and student accommodation.

THE GPT GROUP | PROPERTY COMPENDIUM

5

RETAIL PORTFOLIO

Charlestown Square New South Wales

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RETAIL PORTFOLIO
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6

Charlestown Square, New South Wales

Charlestown Square is the largest shopping and entertainment destination in the Newcastle and Hunter region.

The centre incorporates 273 tenancies including a Myer department store, two discount department stores, three supermarkets and a Reading Cinema complex. In addition, the centre includes international retailers H&M, Sephora and Apple.

In 2019, the centre launched "The Corner" dining precinct featuring several well known local food and beverage retailers, complementing the centre's existing dining and leisure offer.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GPT Acquired (by GPT) December 1977 Asset Type Super Regional Centre Construction Completed 1979 Latest Refurbishment/Development 2019 ("The Corner" Dining Precinct) Traditional Custodians Traditional land of the Awabakal people

Current Valuation

Fair Value $874.5m Capitalisation Rate 5.50% Valuation Type Independent

Centre Details

Total GLA 93,400 sqm Number of Tenancies 273 Car Parking Spaces 3,419 Retail Occupancy 99.0%

Sales Information

Sales Turnover per Square Metre
Occupancy Costs
Annual Centre Turnover
Total Centre
Specialties
$6,077
$10,196
10.7%
15.1%
$506.8m

Key Tenants

Area (sqm) Myer 11,500 Big W 7,750 Target 5,590 Woolworths 4,800 Reading Cinemas 4,580 Coles 4,320 Aldi 1,450

Sustainability

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol.

THE GPT GROUP | PROPERTY COMPENDIUM

7

RETAIL PORTFOLIO

Highpoint Shopping Centre Victoria

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8 RETAIL PORTFOLIO
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Highpoint Shopping Centre, Victoria

Highpoint Shopping Centre is located in Maribyrnong, 8 kilometres north-west of the Melbourne CBD and is one of Australia’s leading retail destinations.

Highpoint is one of the largest shopping centres in Australia and incorporates 451 tenancies including western Melbourne’s only David Jones, Myer department store, two discount department stores, Woolworths supermarket, a Hoyts cinema and entertainment offer. The centre also includes several international retailers including Zara, Apple, Uniqlo and Sephora.

The centre provides an exciting retail experience for customers providing the western region of Melbourne with an extensive retail, entertainment and lifestyle offer.

Key Metrics as at 31 December 2020

General

Ownership Interest 16.67% GPT, 83.33% GWSCF Acquired GPT: August 2009, GWSCF: March 2007 Asset Type Super Regional Centre Construction Completed 1975 Latest Refurbishment/Development Underway (Existing Centre Upgrades) Traditional Custodians Traditional land of the Wurundjeri people of the Kulin nations

Current Valuation Fair Value GPT: $350.0m, GWSCF: $1,750.0m Capitalisation Rate 4.50% Valuation Type Independent

Centre Details Total GLA 151,100 sqm Number of Tenancies 451 Car Parking Spaces 7,276 Retail Occupancy 96.0%

Sales Information

Sales Information
Sales Turnover per Square Metre
Occupancy Costs
Annual Centre Turnover
Key Tenants
Total Centre
Specialties
$4,843
$6,819
16.0%
26.0%
$660.9m
Myer
David Jones
Target
Hoyts
Big W
Woolworths
Area (sqm)
19,120
13,760
9,920
9,030
8,160
4,240

Sustainability

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol.

THE GPT GROUP | PROPERTY COMPENDIUM

9

RETAIL PORTFOLIO

Melbourne Central

Victoria

10

RETAIL PORTFOLIO

Melbourne Central, Victoria

Melbourne Central is a landmark office and retail property, located in the Melbourne CBD. Surrounding the historic Shot Tower, Melbourne Central features a range of fashion retailers as well as a vibrant entertainment precinct including a Hoyts cinema complex.

Incorporating 300 tenancies, the shopping centre covers two city blocks and is conveniently located directly above Melbourne Central train station.

This urban shopping centre attracts a wide variety of customers including CBD workers, tourists, students and residents from the inner ring suburbs of Melbourne.

Key Metrics as at 31 December 2020

General Ownership Interest 100% GPT Acquired (by GPT) May 1999 Asset Type City Centre Construction Completed 1991 Latest Refurbishment/Development 2019 (ELLA – Dining Precinct) Traditional Custodians Traditional land of the Kulin nations

Current Valuation Fair Value[1] $1,464.6m Capitalisation Rate[2] 4.50% Valuation Type Independent

Centre Details

Total GLA 55,900 sqm Number of Tenancies 300 Car Parking Spaces 822 Retail Occupancy 97.8%

Sales Information

Total Centre Specialties Sales Turnover per Square Metre $5,077 $5,450 Occupancy Costs 26.2% 37.2% Annual Centre Turnover $253.2m Key Tenants Area (sqm) Hoyts 7,710 Coles 1,310

Sustainability

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol.

  1. Retail only.

  2. Includes retail and car park.

THE GPT GROUP | PROPERTY COMPENDIUM

11

RETAIL PORTFOLIO

Rouse Hill Town Centre New South Wales

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12 RETAIL PORTFOLIO
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Rouse Hill Town Centre, New South Wales

Rouse Hill Town Centre is located approximately 45km north-west of the Sydney CBD in one of Australia's strongest growth markets.

Rouse Hill Town Centre combines the traditional principles and streetscape of a contemporary market town centre with the latest shopping, dining and lifestyle choices incorporating 251 tenacies including two discount department stores, two supermarkets and a cinema/entertainment precinct.

The asset is now also capturing further benefits from the recently opened North West Metro Train with the Rouse Hill Station sitting adjacent to the Town Centre.

Key Metrics as at 31 December 2020

General Ownership Interest 100% GPT Acquired (by GPT) Stage 1: September 2007 Stage 2: March 2008 Asset Type Regional Centre Construction Completed 2008 Traditional Custodians Traditional land of the Darug people

Current Valuation
Fair Value $645.2m
Capitalisation Rate 5.50%
Valuation Type Independent

Centre Details

Total GLA 69,700 sqm Number of Tenancies 251 Car Parking Spaces 2,621 Retail Occupancy 99.8%

Sales Information

Sales Information
Sales Turnover per Square Metre
Occupancy Costs
Annual Centre Turnover
Key Tenants
Total Centre
Specialties
$7,553
$9,382
8.7%
13.5%
$466.3m
Big W
Target
Reading Cinemas
Woolworths
Coles
Area (sqm)
8,560
6,820
5,780
4,610
4,120

Sustainability

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol.

THE GPT GROUP | PROPERTY COMPENDIUM

13

RETAIL PORTFOLIO

Sunshine Plaza

Queensland

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RETAIL PORTFOLIO
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14

Sunshine Plaza, Queensland

Sunshine Plaza is located in Maroochydore on Queensland’s Sunshine Coast.

In March 2019, a $430 million redevelopment was completed which introduced David Jones, Big W and over 100 specialty stores, featuring over 40 new retail brands to the market including H&M and Sephora.

The centre is the pre-eminent retail and leisure destination on the Sunshine Coast, incorporating 330 tenancies including two department stores, three discount department stores and two full line supermarkets and complemented by a strong entertainment, leisure and lifestyle offer including a 12 screen Birch Carroll and Coyle cinema complex. Sunshine Plaza is owned jointly with Australian Prime Property Fund Retail and is managed by Lendlease.

Key Metrics as at 31 December 2020

General Ownership Interest 50% GPT Co-Owner 50% Australian Prime Property Fund Retail Acquired (by GPT) December 1992 Asset Type Super Regional Centre Construction Completed 1994 Latest Refurbishment/Development 2019 (Centre Expansion) Traditional Custodians Traditional land of the Gubbi Gubbi people

Current Valuation
Fair Value $595.0m
Capitalisation Rate 5.00%
Valuation Type Independent

Centre Details

Total GLA 107,900 sqm Number of Tenancies 330 Car Parking Spaces 4,962 Retail Occupancy 97.9%

Sales Information[1]

Sales Information1
Sales Turnover per Square Metre
Occupancy Costs
Annual Centre Turnover
Total Centre
Specialties
$6,414
$8,928
12.3%
19.0%
$581.8m

Key Tenants

Key Tenants
Myer
David Jones
Big W
Target
Kmart
Coles
BCC Cinemas
Woolworths
Area (sqm)
12,890
8,000
6,500
6,920
6,590
5,850
4,690
3,880

Sustainability

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol.

  1. Development impacted.

THE GPT GROUP | PROPERTY COMPENDIUM

15

RETAIL PORTFOLIO

Westfield Penrith New South Wales

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16 RETAIL PORTFOLIO
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Westfield Penrith, New South Wales

Westfield Penrith is a super-regional shopping centre located in the heart of Penrith, which is approximately a one hour drive west of the Sydney CBD.

The centre incorporates 309 tenancies including the region's only Myer department store, in addition to two discount department stores, a Hoyts Cinema complex and two supermarkets.

Westfield Penrith is owned jointly with, and managed by Scentre Group.

Key Metrics as at 31 December 2020

General

Ownership Interest 50% GPT Co-Owner 50% Scentre Group Acquired (by GPT) June 1971 Asset Type Super Regional Centre Construction Completed 1971 Latest Refurbishment/Development 2005 (Major Redevelopment) Traditional Custodians Traditional land of the Darug people

Current Valuation

Fair Value $641.0m Capitalisation Rate 5.00% Valuation Type Independent

Centre Details

Total GLA 91,700 sqm Number of Tenancies 309 Car Parking Spaces 3,521 Retail Occupancy 98.7%

Sales Information

Sales Turnover per Square Metre
Occupancy Costs
Annual Centre Turnover
Key Tenants
Total Centre
Specialties
$6,929
$10,330
13.4%
20.6%
$569.7m
Myer
Big W
Target
Hoyts
Woolworths
Aldi
Area (sqm)
20,110
8,740
7,100
4,790
3,800
1,620

Sustainability

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol.

THE GPT GROUP | PROPERTY COMPENDIUM

17

RETAIL PORTFOLIO

Chirnside Park

Victoria

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18 RETAIL PORTFOLIO
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Chirnside Park, Victoria

Chirnside Park is a regional shopping centre that has been servicing the community of outer eastern Melbourne since 1979. The centre offers customers an extensive selection of stores, with a strong focus on convenience and value-driven fresh food.

Situated approximately 30 kilometres north-east of the Melbourne CBD, Chirnside Park incorporates 119 tenancies including two discount department stores, three supermarkets and an eight-screen Reading Cinema. The centre provides an excellent convenience offer in the north-eastern region of Melbourne.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GWSCF Acquired (by GWSCF) March 2007 Asset Type Regional Centre Construction Completed 1979 Latest Refurbishment/Development 2017 (Existing Centre Upgrades) Traditional Custodians Traditional land of the Wurundjeri people of the Kulin nations

Centre Details

Total GLA 38,900 sqm Number of Tenancies 119 Car Parking Spaces 2,088 Retail Occupancy 99.0%

Current Valuation

Fair Value $265.0m Capitalisation Rate 6.00% Valuation Type Independent

Sales Information

Total Centre Specialties Sales Turnover per Square Metre $7,912 $9,958 Occupancy Costs 7.2% 16.1% Annual Centre Turnover $271.4m Key Tenants Area (sqm) Kmart 8,250 Target 4,770 Woolworths 4,180 Reading Cinemas 3,500 Coles 3,290 Aldi 1,520

Sustainability

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol.

THE GPT GROUP | PROPERTY COMPENDIUM

19

RETAIL PORTFOLIO

Macarthur Square

New South Wales

20 RETAIL PORTFOLIO

Macarthur Square, New South Wales

Macarthur Square is located in Campbelltown, 50 kilometres south-west of the Sydney CBD, in an area of strong population growth. The centre provides customers with a unique retail, entertainment and community destination. The centre incorporates 331 tenancies including a David Jones department store, two discount department stores, three supermarkets, a variety of specialty stores and a cinema entertainment offer.

In March 2017, the co-owners completed a $240 million re-development of the centre, adding approximately 16,000 square metres to the property including a new full line Coles, Aldi, Harris Scarfe and H&M, in addition to refurbished David Jones, Woolworths and Target stores. The development added approximately 45 specialty stores, a fresh food market hall, new dining offer and improved car parking.

Macarthur Square is jointly owned with Australian Prime Property Fund Retail and is managed by Lendlease.

Key Metrics as at 31 December 2020

Key Metrics as at 31 December 2020
General
Ownership Interest
50% GWSCF
Co-Owner
50% Australian Prime Property Fund Retail
Acquired (by GWSCF)
March 2007
Asset Type
Super Regional Centre
Construction
Completed 1979
Latest Refurbishment/Development 2017 (Centre Expansion)
Traditional Custodians
Traditional land of the Dharawal nation
Current Valuation
Fair Value
$477.5m
Capitalisation Rate
5.25%
Valuation Type
Independent
Centre Details
Total GLA
108,600 sqm
Number of Tenancies
331
Car Parking Spaces
4,142
Retail Occupancy
97.6%
Sales Information
Sales Turnover per Square Metre
Occupancy Costs
Annual Centre Turnover
Key Tenants
Total Centre
Specialties
$5,950
$8,316
11.5%
17.8%
$562.5m
Big W
David Jones
Event Cinemas
Target
Coles
Woolworths
Aldi
Area (sqm)
8,790
6,900
6,090
4,450
4,560
4,190
1,510

Sustainability

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol.

THE GPT GROUP | PROPERTY COMPENDIUM

RETAIL PORTFOLIO 21

Northland Shopping Centre Victoria

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22 RETAIL PORTFOLIO
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Northland Shopping Centre, Victoria

Northland Shopping Centre is located in East Preston, approximately 11 kilometres north of Melbourne’s CBD.

The centre incorporates 287 tenancies including a Myer department store, two discount department stores, three supermarkets and a cinema entertainment offer. The trade area is supported by above average household income levels, and continued infill and high density development which will continue to drive future population growth.

Northland Shopping Centre is jointly owned with, and managed by Vicinity Centres.

Key Metrics as at 31 December 2020

General Ownership Interest 50% GWSCF Co-Owner 50% Vicinity Centres Acquired (by GWSCF) May 2014 Asset Type Super Regional Centre Construction Completed 1966 Latest Refurbishment/Development 2014 (Centre Expansion) Traditional Custodians Traditional land of the Wurundjeri Woi-wurrung people of the Kulin nations

Centre Details

Centre Details
Total GLA 97,100 sqm
Number of Tenancies 287
Car Parking Spaces 4,640
Retail Occupancy 97.4%
Current Valuation
Fair Value $402.5m
Capitalisation Rate 5.50%
Valuation Type Independent

Sales Information

Sales Turnover per Square Metre
Occupancy Costs
Annual Centre Turnover
Key Tenants
Total Centre
Specialties
$4,352
$5,691
15.4%
27.3%
$394.2m
Myer
Target
Kmart
Hoyts
Coles
Woolworths
Aldi
Area (sqm)
18,510
6,890
6,500
6,180
4,220
4,030
1,500

Sustainability

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol.

THE GPT GROUP | PROPERTY COMPENDIUM

23

RETAIL PORTFOLIO

Parkmore Shopping Centre Victoria

24 RETAIL PORTFOLIO

Parkmore Shopping Centre, Victoria

Parkmore Shopping Centre is a regional shopping centre offering an extensive selection of stores and services in a modern and convenient environment. The centre is located approximately 35 kilometres from the Melbourne CBD, in the suburb of Keysborough and has been servicing the eastern suburbs of Melbourne since 1973.

Parkmore Shopping Centre incorporates 127 tenancies including two discount department stores and two supermarkets as well as a strong convenience and service offering.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GWSCF Acquired (by GWSCF) March 2007 Asset Type Regional Centre Construction Completed 1973 Latest Refurbishment/Development 2007 (Centre Expansion) Traditional Custodians Traditional land of the Kulin nations

Current Valuation

Fair Value $256.6m Capitalisation Rate 6.00% Valuation Type Independent

Centre Details

Total GLA 36,800 sqm Number of Tenancies 127 Car Parking Spaces 2,519 Retail Occupancy 98.7%

Sales Information

Total Centre Specialties Sales Turnover per Square Metre $7,141 $7,448 Occupancy Costs 8.2% 17.3% Annual Centre Turnover $243.8m

Key Tenants

Area (sqm) Kmart 8,390 Big W 6,670 Coles 3,850 Woolworths 3,490

Sustainability

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol.

THE GPT GROUP | PROPERTY COMPENDIUM

RETAIL PORTFOLIO 25

Wollongong Central New South Wales

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26 RETAIL PORTFOLIO
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Wollongong Central, New South Wales

Wollongong Central is located in the CBD of Wollongong, approximately 90 kilometres south of Sydney.

The centre incorporates 212 tenancies including a David Jones department store, Coles supermarket, Target discount department store, H&M and over 2,100 car spaces.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GWSCF Acquired (by GWSCF) March 2007 Asset Type City Centre Construction Completed 1975 Latest Refurbishment/Development 2017 (David Jones Remix) Traditional Custodians Traditional land of the Dharawal nation

Current Valuation

Fair Value[1] $390.0m Capitalisation Rate 6.00% Valuation Type Independent

Centre Details

Total GLA 55,000 sqm Number of Tenancies 212 Car Parking Spaces 2,104 Retail Occupancy 97.3%

Sales Information

Total Centre Specialties Sales Turnover per Square Metre $6,741 $7,781 Occupancy Costs 10.6% 15.8% Annual Centre Turnover $299.6m

Key Tenants

Area (sqm) David Jones 8,120 Coles 4,080 Target 2,640

Sustainability

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol.

  1. Includes ancillary properties.

THE GPT GROUP | PROPERTY COMPENDIUM

27

RETAIL PORTFOLIO

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28 RETAIL PORTFOLIO
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Casuarina Square, Northern Territory
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December

Office Portfolio

One One One Eagle Street, Brisbane

THE GPT GROUP | PROPERTY COMPENDIUM

29

OFFICE PORTFOLIO

Australia Square 264 George Street, Sydney

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30 OFFICE PORTFOLIO
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Australia Square, 264 George Street, Sydney

An iconic Sydney landmark, Australia Square is situated in the core of Sydney’s CBD, spanning George, Bond and Pitt Streets, and Curtin Place. The complex comprises the 48 level circular tower building, the adjacent 13 level plaza building, the O Bar revolving restaurant, a substantial car park and an external plaza courtyard.

Key Metrics as at 31 December 2020

General Current Valuation Ownership Interest 50% GPT Fair Value $583.0m Co-Owner 50% Dexus Capitalisation Rate 4.81% Acquired (by GPT) September 1981 Valuation Type Independent Asset Quality A-Grade Construction/Refurbishment Completed 1967/Refurbished 2004 Traditional Custodians Traditional land of the Gadigal people of the Eora nation Property Details Office Occupancy Office 51,700 sqm Actual 92.5% Retail 1,700 sqm Including Signed Leases 95.9% Car Parking Spaces 376 Including Heads of Agreement 96.7%

Property Details Office 51,700 sqm Retail 1,700 sqm Car Parking Spaces 376 Typical Floor Plate 1,030 sqm Office Tenant Details Number of Office Tenants 82 WALE (by income) 3.7 years

Key Tenants
HWL Ebsworth
Dexus
Area (sqm)
7,230
4,330

Lease Expiry Profile (by Income)

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26%
18%
16%
15%
9%
8%
7%
1%
0% 0% 0%
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031+
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Sustainability

The Tower at Australia Square has achieved a 5.0 star NABERS Energy rating (without GreenPower) and a 4.0 star NABERS Water rating, with the Plaza achieving a 5.5 star NABERS Energy rating and a 4.0 star NABERS Water rating. Together they have achieved a 2.5 star NABERS Waste rating. Each asset also holds a 5 Star Green Star – Performance rating.

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 and as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2020.

THE GPT GROUP | PROPERTY COMPENDIUM

OFFICE PORTFOLIO 31

2 Park Street

Sydney

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32 OFFICE PORTFOLIO
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2 Park Street, Sydney

2 Park Street is a landmark Premium Grade office building located on the corner of George and Park Streets, in Sydney’s CBD. Completed in 2000, the 47 level building has large, highly efficient floor plates and upper levels that command panoramic city and harbour views. The asset is linked to a four level retail podium, connected to Town Hall Station and offering easy access to public transport to all areas of the Sydney CBD.

Key Metrics as at 31 December 2020

General

Ownership Interest 50% GPT Co-Owner 50% Charter Hall Office Trust Acquired (by GPT) December 2001 Asset Quality Premium Grade Construction/Refurbishment Completed 2000 Traditional Custodians Traditional land of the Gadigal people of the Eora nation

Current Valuation

Fair Value $805.0m Capitalisation Rate 4.75% Valuation Type Independent

Property Details Office 73,400 sqm Retail 500 sqm Car Parking Spaces 270 Typical Floor Plate 1,770 sqm Office Tenant Details Number of Office Tenants 24 WALE (by income) 3.2 years

Office Occupancy

Actual 98.6% Including Signed Leases 98.6% Including Heads of Agreement 98.8% Key Tenants Area (sqm) Amazon Web Services 21,920 Citibank 13,280

Lease Expiry Profile (by Income)

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37%
25%
11% 11% 11%
6%
0% 0% 0% 0% 0%
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031+
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Sustainability

2 Park Street has achieved a 5.0 star NABERS Energy rating (without GreenPower), a 4.0 star NABERS Water rating and a 3.5 star NABERS Waste rating. 2 Park Street has been awarded a 6 star Green Star – Performance rating by the Green Building Council of Australia.

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 and as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2020.

THE GPT GROUP | PROPERTY COMPENDIUM

OFFICE PORTFOLIO 33

Darling Park 1 & 2 and Cockle Bay Wharf 201 Sussex Street, Sydney

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34 OFFICE PORTFOLIO
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Darling Park 1 & 2 and Cockle Bay Wharf, 201 Sussex Street, Sydney

Darling Park is a landmark commercial and retail complex located in Sydney’s popular Darling Harbour precinct. The asset comprises two Premium Grade office buildings and a retail and entertainment complex, known as Cockle Bay Wharf.

The towers and Cockle Bay Wharf are connected by plazas, galleries and business lounges. Darling Park provides its tenants with a complete environment, including the crescent gardens, waterfront restaurants and cafes, and large, efficient, column-free floor plates with expansive water views.

Key Metrics as at 31 December 2020

General Ownership Interest 25% GPT Co-Owners 50% GWOF, 25% AWOF Acquired (by GPT) August 2019 Asset Quality Premium Grade Construction/ Tower 1: Completed 1994/Refurbishment underway Refurbishment Tower 2: Completed 1999/Refurbished 2018 Traditional Custodians Traditional land of the Gadigal people of the Eora nation Property Details Office 101,900 sqm Retail 9,800 sqm Car Parking Spaces 670 Typical Floor Plate 1,900 sqm Office Tenant Details Number of Office Tenants 11 WALE (by income) DP1: 3.7 years, DP2: 7.5 years

Current Valuation Fair Value $528.7m Capitalisation Rate DP1: 5.00%, DP2: 5.00% Valuation Type Independent Office Occupancy Actual DP1: 100%, DP2: 100.0% Including Signed Leases DP1: 100%, DP2: 100.0% Including Heads of Agreement DP1: 100%, DP2: 100.0% Key Tenants Area (sqm) CBA 52,170 IAG 30,670

Lease Expiry Profile (by Income)

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57%
9%
2%
5% 33% 16% 33% 0% 34% 0% 4% 8% 0%
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031+
DP1 DP2
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Sustainability

Darling Park Tower 1, 2 and Cockle Bay Wharf are certified carbon neutral using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol. In 2020, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 5 kilograms of CO2e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.

Darling Park Tower 1 has achieved a 6.0 star NABERS Energy rating (including GreenPower) a 4.0 star NABERS Water rating, and a 2.5 star NABERS Waste rating. Darling Park Tower 2 has achieved a 6.0 star NABERS Energy rating (including GreenPower), a 4.5 star NABERS Water rating and a 3.0 star NABERS Waste rating. The Towers have also been awarded 6 Star Green Star – Performance Ratings.

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 and as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2020.

THE GPT GROUP | PROPERTY COMPENDIUM

35

OFFICE PORTFOLIO

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Eclipse Tower
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60 Station Street, Parramatta

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36 OFFICE PORTFOLIO
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Eclipse Tower, 60 Station Street, Parramatta

60 Station Street, also known as ‘Eclipse Tower’, is an A-Grade office building located approximately 22 kilometres west of the Sydney CBD in Parramatta. The property is situated in close proximity to Parramatta Square, Parramatta train station and bus interchange and Westfield Parramatta.

Key Metrics as at 31 December 2020

General
Ownership Interest 100% GPT
Acquired (by GPT) September 2018
Asset Quality A-Grade
Construction/Refurbishment 2012
Traditional Custodians Traditional land of the Burramatagal clan of
the Darug people
Property Details
Ofce 25,100 sqm
Retail 600 sqm
Car Parking Spaces 145
Typical Floor Plate 1,320 sqm
Ofce Tenant Details
Number of Ofce Tenants 5
WALE (by income) 1.8 years
Current Valuation
Fair Value $273.0m
Capitalisation Rate 5.13%
Valuation Type Independent
Ofce Occupancy
Actual 100.0%
Including Signed Leases 100.0%
Including Heads of Agreement 100.0%

Key Tenants

Key Tenants
QBE
Deloite
Area (sqm)
11,910
5,290

Lease Expiry Profile (by Income)

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67%
27%
6%
0% 0% 0% 0% 0% 0% 0% 0%
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031+
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Sustainability

The property comprises a 19 level modern office building with a 5.5 star NABERS Energy rating and a 4.0 star NABERS Water rating.

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 and as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2020.

THE GPT GROUP | PROPERTY COMPENDIUM

OFFICE PORTFOLIO 37

4 Murray Rose Avenue Sydney Olympic Park

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38 OFFICE PORTFOLIO
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4 Murray Rose Avenue, Sydney Olympic Park

4 Murray Rose Avenue is an A-Grade office building comprising 15,600 sqm of accommodation over six levels. Located in Sydney Olympic Park, 4 Murray Rose Avenue was developed by GPT and completed in 2018.

Key Metrics as at 31 December 2020

General Ownership Interest 100% GPT Construction/Refurbishment Completed 2018 Asset Quality A-Grade Traditional Custodians Traditional land of the Wanngal people

Current Valuation

Current Valuation
Fair Value $143.0m
Capitalisation Rate 5.13%
Valuation Type Independent
Property Details
Ofce 15,600 sqm
Retail 100 sqm
Car Parking Spaces 232
Typical Floor Plate 3,010 sqm
Ofce Tenant Details
Number of Ofce Tenants 5
WALE (by income) 8.6 years
Ofce Occupancy
Actual 97.1%
Including Signed Leases 98.8%
Including Heads of Agreement 100.0%

Key Tenants

Key Tenants
NSW Rural Fire Service
Toyota
Area (sqm)
9,290
2,530

Lease Expiry Profile (by Income)

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66%
22%
10%
0% 0% 2% 0% 0% 0% 0% 0%
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031+
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Sustainability

The building has achieved a 5 star Green Star – Design rating, and is designed to achieve a 5.0 star NABERS Energy rating.

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 and as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol.

THE GPT GROUP | PROPERTY COMPENDIUM

OFFICE PORTFOLIO 39

Melbourne Central Tower 360 Elizabeth Street, Melbourne

40 OFFICE PORTFOLIO

Melbourne Central Tower, 360 Elizabeth Street, Melbourne

Melbourne Central is a landmark office and retail property located in the Melbourne CBD. Melbourne Central Tower is a 51 level, Premium Grade office tower located adjacent to Melbourne Central’s retail component. Completed in 1991, the Tower is dominant in the Melbourne skyline, and is occupied by a broad range of industry groups including banking, insurance and technology.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GPT Acquired (by GPT) May 1999 Asset Quality Premium Grade Construction/Refurbishment Completed 1991/Refurbished 2020 Traditional Custodians Traditional land of the Kulin nations

Current Valuation

Fair Value $729.0m Capitalisation Rate 4.88% Valuation Type Independent

Property Details

Office 65,500 sqm Retail 40 sqm Car Parking Spaces N/A Typical Floor Plate 1,480 sqm Office Tenant Details Number of Office Tenants 43 WALE (by income) 6.0 years

Office Occupancy

Actual 95.8% Including Signed Leases 96.4% Including Heads of Agreement 96.8% Key Tenants Area (sqm) Members Equity Bank 14,170 Allianz 7,800

Lease Expiry Profile (by Income)

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32%
25%
10% 11%
5% 4% 6% 4%
2% 2%
0%
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031+
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Sustainability

The building has a 5.5 star NABERS Energy rating (including GreenPower) and a 4.0 star NABERS Water rating.

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 and as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. NABERS Ratings are as at 31 December 2020.

THE GPT GROUP | PROPERTY COMPENDIUM

41

OFFICE PORTFOLIO

181 William & 550 Bourke Streets Melbourne

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42 OFFICE PORTFOLIO
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181 William & 550 Bourke Streets, Melbourne

181 William and 550 Bourke Streets collectively make up the CBW complex, located in the core of Melbourne’s CBD. The complex comprises 181 William Street, a 26 level office tower; 550 Bourke Street, a 19 level office tower and Goldsbrough Village, a retail precinct comprising an undercover retail plaza and laneway which provides pedestrian access between the two office towers.

Key Metrics as at 31 December 2020

General

Ownership Interest 50% GPT Co-Owner 50% GWOF Acquired (by GPT) October 2014 Asset Quality A-Grade Construction/Refurbishment Completed 2009/Refurbished 2020 (550 Bourke Street) and underway (181 William Street) Traditional Custodians Traditional land of the Kulin nations Property Details Office 76,200 sqm Retail 5,200 sqm Car Parking Spaces 413 Typical Floor Plate 181 William: 1,920 sqm, 550 Bourke: 1,510 sqm Office Tenant Details Number of Office Tenants 11 WALE (by income) 5.2 years

Current Valuation

Fair Value $414.5m Capitalisation Rate 5.00% Valuation Type Independent

Office Occupancy Actual 67.6% Including Signed Leases 77.5% Including Heads of Agreement 77.5%

Key Tenants Area (sqm) IAG 24,750 Ashurst 8,900

Lease Expiry Profile (by Income)

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33%
28%
11% 12%
8%
4% 4%
0% 0% 1% 0%
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031+
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Sustainability

Both 181 William and 550 Bourke are certified carbon neutral using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol. In 2020, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 6 kilograms of CO2e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.

Both 181 William Street and 550 Bourke Street achieved 5 star Green Star – Design and As Built ratings, as well as 6.0 star NABERS Energy Ratings (including GreenPower). Together, they have achieved a 3.5 star NABERS Water rating.

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 and as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2020.

THE GPT GROUP | PROPERTY COMPENDIUM

OFFICE PORTFOLIO 43

One One One Eagle Street Brisbane

44

OFFICE PORTFOLIO

One One One Eagle Street, Brisbane

One One One Eagle Street is a Premium Grade, 54 level office tower in Brisbane’s prime commercial ‘Golden Triangle’ precinct. The tower is designed to take advantage of the outstanding location and Brisbane River views.

Key Metrics as at 31 December 2020

Key Metrics as at 31 December 2020
General
Ownership Interest
33.33% GPT
Co-Owners
66.67% GWOF
Acquired (by GPT)
October 2008
Asset Quality
Premium Grade
Construction/Refurbishment
Completed 2012
Traditional Custodians
Traditional land of the Turrbul and the
Jagera people
Property Details
Ofce
63,800 sqm
Retail
400 sqm
Car Parking Spaces
114
Typical Floor Plate
1,450 sqm
Ofce Tenant Details
Number of Ofce Tenants
25
WALE (by income)
5.2 years
Current Valuation
Fair Value
Capitalisation Rate
Valuation Type
Ofce Occupancy
$295.3m
5.00%
Independent
Actual
Including Signed Leases
Including Heads of Agreement
Key Tenants
96.5%
96.5%
96.5%
EY
Arrow Energy
Area (sqm)
7,500
7,470

Lease Expiry Profile (by Income)

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31%
24%
12%
8% 9% 9%
3% 4%
0% 0% 0%
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031+
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Sustainability

One One One Eagle Street is certified carbon neutral using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol. In 2020, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 16 kilograms of CO2e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.

The building has also achieved a 6 star Green Star – Design and As Built rating, a 6.0 star NABERS Energy rating (including GreenPower) a 4.0 star NABERS Water rating and a 3.5 star NABERS Waste rating.

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 and as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2020.

THE GPT GROUP | PROPERTY COMPENDIUM

OFFICE PORTFOLIO 45

Liberty Place 161 Castlereagh Street, Sydney

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46 OFFICE PORTFOLIO
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Liberty Place, 161 Castlereagh Street, Sydney

Liberty Place is a Premium Grade office complex in the heart of the Sydney CBD comprising ANZ Tower, Legion House, 167 Castlereagh Street, an outdoor retail plaza and a car park. The 42 level ANZ Tower features unrivalled harbour and city views and incorporates a dual street frontage, connecting Castlereagh and Pitt Streets.

Key Metrics as at 31 December 2020

Key Metrics as at 31 December 2020
General
Ownership Interest
50% GWOF
Co-Owner
50% ISPT
Acquired (by GWOF)
April 2010
Asset Quality
Premium Grade
Construction/Refurbishment
Completed 2013
Traditional Custodians
Traditional land of the Gadigal people of the
Eora nation
Property Details
Ofce
56,500 sqm
Retail
2,900 sqm
Car Parking Spaces
144
Typical Floor Plate
1,630 sqm
Ofce Tenant Details
Number of Ofce Tenants
9
WALE (by income)
7.3 years
Current Valuation
Fair Value
Capitalisation Rate
Valuation Type
Ofce Occupancy
$775.0m
4.38%
Independent
Actual
Including Signed Leases
Including Heads of Agreement
Key Tenants
100.0%
100.0%
100.0%
ANZ
Herbert Smith Freehills
Area(sqm)
28,410
15,560

Lease Expiry Profile (by Income)

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37%
26%
16%
11%
9%
0% 0% 0% 0% 0% 0%
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031+
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Sustainability

Liberty Place is certified carbon neutral using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol. In 2020, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 5 kilograms of CO2e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.

The asset has achieved 6 star Green Star – Design, As Built and Performance ratings, a 6.0 star NABERS Energy rating (including GreenPower), a 4.5 star NABERS Water rating and a 3.0 star NABERS Waste rating. Liberty Place was awarded the Heritage Award at the 2013 API NSW Excellence in Property Awards and in 2014 was awarded ‘Best Building’ in the Office category at the World Architecture Festival in Singapore.

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 and as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2020.

THE GPT GROUP | PROPERTY COMPENDIUM

47

OFFICE PORTFOLIO

Darling Park 3 201 Sussex Street, Sydney

48 OFFICE PORTFOLIO

Darling Park 3, 201 Sussex Street, Sydney

The Premium Grade Darling Park 3, the third stage of the Darling Park complex, was completed in November 2005. The 18 level Premium Grade building was the first office tower to be rated a 5.0 star Base Building under the NABERS Energy ratings, the highest rating available at the time.

Key Metrics as at 31 December 2020

General Ownership Interest 100% GWOF Acquired (by GWOF) July 2006 Asset Quality Premium Grade Construction/Refurbishment Completed 2005/Refurbished 2017 Traditional Custodians Traditional land of the Gadigal people of the Eora nation Property Details Office 29,800 sqm Retail 30 sqm Car Parking Spaces 137 Typical Floor Plate 1,500 sqm Office Tenant Details Number of Office Tenants 7 WALE (by income) 5.0 years

Current Valuation Fair Value $596.0m Capitalisation Rate 4.88% Valuation Type Independent Office Occupancy Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0% Key Tenants Area (sqm) Rabobank 7,560 Salesforce 5,880

Lease Expiry Profile (by Income)

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29%
23% 24%
19%
5%
0% 0% 0% 0% 0% 0%
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031+
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Sustainability

Darling Park Tower 3 is certified carbon neutral using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol. In 2020, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 4 kilograms of CO2e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.

Tower 3 has achieved a 6 Star Green Star – Performance Rating, a 6.0 star NABERS Energy rating (including GreenPower), a 4.5 star NABERS Water rating and a 2.5 star NABERS Waste rating.

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 and as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. NABERS Ratings are as at 31 December 2020.

THE GPT GROUP | PROPERTY COMPENDIUM

49

OFFICE PORTFOLIO

580 George Street Sydney

50

OFFICE PORTFOLIO

580 George Street, Sydney

580 George Street comprises an A-Grade office and retail asset prominently located in the midtown precinct of the Sydney CBD. The building comprises 33 office levels and a retail precinct which is linked by a pedestrian underpass to Town Hall Station.

During 2020 a number of healthy building initiatives have been installed including touch free lift and access enablement and improved air quality through air filtration upgrades and ultraviolet air purification.

Key Metrics as at 31 December 2020

Key Metrics as at 31 December 2020
General
Ownership Interest
100% GWOF
Acquired (by GWOF)
July 2006
Asset Quality
A-Grade
Construction/Refurbishment
Completed 1988/Refurbished 2002/2015
Traditional Custodians
Traditional land of the Gadigal people of the
Eora nation
Property Details
Ofce
37,100 sqm
Retail
4,400 sqm
Car Parking Spaces
141
Typical Floor Plate
1,300 sqm
Ofce Tenant Details
Number of Ofce Tenants
23
WALE (by income)
4.4 years
Current Valuation
Fair Value
Capitalisation Rate
Valuation Type
Ofce Occupancy
$627.0m
4.88%
Independent
Actual
Including Signed Leases
Including Heads of Agreement
Key Tenants
93.0%
94.0%
95.6%
Arcadis
Uber
Area(sqm)
4,260
3,890

Lease Expiry Profile (by Income)

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21% 22%
18%
14%
12% 12%
1% 0% 0% 2% 0%
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031+
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Sustainability

580 George Street is certified carbon neutral using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol. In 2020, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 3 kilograms of CO2e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.

The building has also achieved a 6.0 star NABERS Energy rating (including GreenPower), a 5.0 star NABERS Water rating and a 3.5 star NABERS Waste rating. 580 George Street was the first building in Australia to be rated with the NABERS Waste tool in 2018, as well as the first to be rated with the NABERS Waste Materials Recovery Score in 2019, recognising its work to understand how materials are recycled and not just diverted from landfill.

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 and as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2020.

THE GPT GROUP | PROPERTY COMPENDIUM

OFFICE PORTFOLIO 51

workplace[6]

48 Pirrama Road, Sydney

52

OFFICE PORTFOLIO

workplace[6] , 48 Pirrama Road, Sydney

workplace[6] is a waterfront A-Grade office building achieving world leading standards in environmental design and resource efficiency. workplace[6] comprises 18,200 sqm of accommodation over six levels. The building, which was developed by GPT, was the first office development to achieve 6 star Green Star ratings for Design and As Built in NSW. The asset features spectacular harbour views, large campus-style floor plates, two levels of basement parking with 135 car spaces and the award-winning Doltone House function centre occupying the waterfront retail.

Key Metrics as at 31 December 2020

Key Metrics as at 31 December 2020
General
Ownership Interest
100% GWOF
Acquired (by GWOF)
December 2007
Asset Quality
A-Grade
Construction/Refurbishment
Completed 2008
Traditional Custodians
Traditional land of the Gadigal people of the
Eora nation
Property Details
Ofce
16,300 sqm
Retail
1,900 sqm
Car Parking Spaces
135
Typical Floor Plate
3,620 sqm
Ofce Tenant Details
Number of Ofce Tenants
1
WALE (by income)
7.9 years
Current Valuation
Fair Value
Capitalisation Rate
Valuation Type
Ofce Occupancy
$324.0m
4.88%
Independent
Actual
Including Signed Leases
Including Heads of Agreement
Key Tenants
100.0%
100.0%
100.0%
Google Area(sqm)
16,300

Lease Expiry Profile (by Income)

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100%
0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031+
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Sustainability

workplace[6] is certified carbon neutral using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol. In 2020, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 3 kilograms of CO2e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.

The building was Sydney’s first building to deliver a 6 Star Green Star As Built rating. It has also achieved a 6.0 star NABERS Energy rating (including GreenPower), a 5.0 star NABERS Water rating and a 3.5 star NABERS Waste rating.

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 and as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2020.

THE GPT GROUP | PROPERTY COMPENDIUM

OFFICE PORTFOLIO 53

87–91 George Street Parramatta

54 OFFICE PORTFOLIO

87–91 George Street, Parramatta

The property consists of three adjoining sites located within the Parramatta CBD. The first site is situated at 87-89 George Street with existing improvements comprising a single storey warehouse-showroom with a mechanic workshop and onsite parking to the rear. The second site situated at 91 George Street comprises a 7-storey strata office building (67 lots) with basement and rear car parking for 32 cars. The third and final site (1/85 George Street, known as Perth House) is a single storey strata titled heritage sandstone cottage constructed in 1841 and includes a single basement car park. The combined site represents a future development opportunity for the fund.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GWOF Acquired (by GWOF) June 2020, September 2020 Asset Quality Strata titled low rise office/future development site Construction/Refurbishment 1841 (restored 1991), 1985 Traditional Custodians Traditional land of the Burramattagal clan of the Darug people

Current Valuation

Fair Value $70.7m Valuation Type Independent

Office Occupancy

87–91 George Street is held for future development and is not included in portfolio occupancy metrics.

Sustainability

No sustainability data reported due to the asset being held for redevelopment.

Note: Artists impression of proposed future development site used in both images.

THE GPT GROUP | PROPERTY COMPENDIUM

OFFICE PORTFOLIO 55

2 Southbank Boulevard Melbourne

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56 OFFICE PORTFOLIO
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2 Southbank Boulevard, Melbourne

2 Southbank Boulevard is located on the Southbank of the Yarra River in Melbourne. The Premium office tower boasts a contemporary lobby completed in January 2018. The tower also benefits from a piazza which includes a retail area incorporating a café and a supermarket. The tower comprises 37 levels with 53,400 sqm of office accommodation providing CBD and water views.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GWOF Acquired (by GWOF) June 2014 (50%) and March 2019 (50%) Asset Quality Premium Construction/Refurbishment Completed 2008/Refurbished 2018 Traditional Custodians Traditional land of the Kulin nations

Current Valuation

Fair Value $658.0m Capitalisation Rate 4.88% Valuation Type Independent

Property Details Office 53,400 sqm Retail 1,500 sqm Car Parking Spaces 537 Typical Floor Plate 1,860 sqm Office Tenant Details Number of Office Tenants 27 WALE (by income) 5.4 years

Office Occupancy

Actual 91.1% Including Signed Leases 91.1% Including Heads of Agreement 91.1%

Key Tenants

Area (sqm) AusNet Services 7,690 CUB 6,390

Lease Expiry Profile (by Income)

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22%
16% 16% 16%
14%
6% 5% 4%
2%
0% 0%
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031+
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Sustainability

2 Southbank Boulevard is certified carbon neutral using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol. In 2020, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 4 kilograms of CO2e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.

2 Southbank Boulevard has achieved a 6 Star Green Star – Performance rating, a 6.0 star NABERS Energy rating (including GreenPower), a 4.0 star NABERS Water rating.

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 and as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2020.

THE GPT GROUP | PROPERTY COMPENDIUM

OFFICE PORTFOLIO 57

8 Exhibition Street Melbourne

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58 OFFICE PORTFOLIO
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8 Exhibition Street, Melbourne

Located at the East or ‘Paris’ end of Melbourne’s CBD, 8 Exhibition Street is a Premium Grade office tower. Central to public transport and road systems, the building offers views over The Domain, Royal Botanic Gardens, Southbank and further out towards Port Phillip Bay.

Key Metrics as at 31 December 2020

General

Ownership Interest 50% GWOF Co-Owner 50% KREIT Acquired (by GWOF) April 2013 Asset Quality Premium Grade Construction/Refurbishment Completed 2005/Refurbished 2020 Traditional Custodians Traditional land of the Kulin nations Property Details Office 44,500 sqm Retail 100 sqm Car Parking Spaces N/A Typical Floor Plate 1,620 sqm Office Tenant Details Number of Office Tenants 20 WALE (by income) 4.3 years

Current Valuation Fair Value $297.0m Capitalisation Rate 4.75% Valuation Type Independent Office Occupancy Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0% Key Tenants Area (sqm) EY 14,940 Amazon Web Services 4,860

Lease Expiry Profile (by Income)

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35%
15%
10% 12% 12% 10%
5%
0% 0% 0% 0%
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031+
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Sustainability

8 Exhibition Street is certified carbon neutral using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol. In 2020, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 5 kilograms of CO2e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.

The building has achieved a 6.0 star NABERS Energy rating (including GreenPower), a 3.0 star NABERS Waste rating, and a 5 Star NABERS IE rating.

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 and as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2020.

THE GPT GROUP | PROPERTY COMPENDIUM

OFFICE PORTFOLIO 59

32 Flinders Street Melbourne

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60 OFFICE PORTFOLIO
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32 Flinders Street, Melbourne

32 Flinders Street is currently used as a carpark and is adjacent to 8 Exhibition Street which is 50% owned by the GPT Wholesale Office Fund. The site has dual street frontages to Flinders Street and Flinders Lane, and represents a future development opportunity for the fund.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GWOF Acquired (by GWOF) August 2018 Asset Quality Car park/future development site Construction/Refurbishment Completed 1998 Traditional Custodians Traditional land of the Kulin nations

Current Valuation

Fair Value $82.0m Capitalisation Rate N/A Valuation Type Independent

Office Occupancy

32 Flinders Street is currently configured as a carpark and is held for future development so is not included in portfolio occupancy metrics.

Sustainability

No sustainability data reported due to current carpark usage of the site.

THE GPT GROUP | PROPERTY COMPENDIUM

OFFICE PORTFOLIO 61

Queen & Collins Melbourne

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OFFICE PORTFOLIO
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62

Queen & Collins, Melbourne

Queen & Collins comprises a 35 level A-Grade office tower flanked by three integrated heritage buildings known as 380 Collins Street (five level former Stock Exchange Building), 90 Queen Street (seven level Safe Deposit Building) and 388 Collins Street (five level ANZ Branch Building).

The property is located on the corner of Collins and Queen Streets, within the Western Core of the Melbourne CBD. The property benefits from a central Collins Street location and is situated within close proximity to the retail core and nearby transport linkages. The redeveloped building will offer high quality office space in a building of unique character, which is expected to deliver distinctive tenant experiences and excellent sustainability outcomes.

Key Metrics as at 31 December 2020

General Ownership Interest 100% GWOF Acquired (by GWOF) December 2016 Asset Quality A-Grade Construction/Refurbishment Completed 1993 (Office Tower)/ Redevelopment Underway Traditional Custodians Traditional land of the Kulin nations

Current Valuation Fair Value $377.0m Capitalisation Rate 4.75% Valuation Type Independent

Property Details Office 34,900 sqm Retail 1,400 sqm Car Parking Spaces 56 Typical Floor Plate Poduim: 1,320 sqm, Tower: 910 sqm

Office Occupancy Queen & Collins is currently undergoing redevelopment and is not included in portfolio occupancy metrics.

Sustainability

The redevelopment has achieved a 5 Star Green Star Design & As Built rating at Design Review stage. No sustainability data reported as site is currently undergoing redevelopment.

THE GPT GROUP | PROPERTY COMPENDIUM

OFFICE PORTFOLIO 63

150 Collins Street

Melbourne

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64 OFFICE PORTFOLIO
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150 Collins Street, Melbourne

Located in the exclusive ‘Paris’ end of Collins Street, 150 Collins Street is an A-Grade building with Premium Grade services. The development of 150 Collins Street reached completion in November 2014 and features 19,900 sqm of office and retail space.

Key Metrics as at 31 December 2020

General Ownership Interest 100% GWOF Acquired (by GWOF) July 2012 Asset Quality A-Grade Construction/Refurbishment Completed 2014 Traditional Custodians Traditional land of the Kulin nations Property Details Office 19,100 sqm Retail 800 sqm Car Parking Spaces 143 Typical Floor Plate 1,520 sqm Office Tenant Details Number of Office Tenants 5 WALE (by income) 5.5 years

Current Valuation
Fair Value
Capitalisation Rate
Valuation Type
Ofce Occupancy
$270.0m
4.75%
Independent
Actual
Including Signed Leases
Including Heads of Agreement
Key Tenants
100.0%
100.0%
100.0%
Westpac Group
VECCI
Area (sqm)
14,600
2,800

Lease Expiry Profile (by Income)

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15%
0% 0% 5% 2% 0% 0% 0% 0% 0%
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031+
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Sustainability

150 Collins Street is certified carbon neutral using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol. In 2020, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 7 kilograms of CO2e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.

The building has achieved a 6 star Green Star – Design and As Built rating, a 6.0 star NABERS Energy rating (including GreenPower), a 4.0 star NABERS Water rating, and a 2.5 star NABERS Waste rating.

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 and as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2020.

THE GPT GROUP | PROPERTY COMPENDIUM

OFFICE PORTFOLIO 65

530 Collins Street

Melbourne

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66 OFFICE PORTFOLIO
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530 Collins Street, Melbourne

Located in the heart of Melbourne’s corporate precinct, on the north east corner of Collins and King Streets, 530 Collins Street is a Premium Grade commercial office building which was completed in 1991. The asset benefits from large, flexible floor plates, a prime location and spectacular city views. Serviced by major public transport routes, 530 Collins Street also has four levels of basement car parking.

Key Metrics as at 31 December 2020

General Ownership Interest 100% GWOF Acquired (by GWOF) July 2006 Asset Quality Premium Grade Construction/Refurbishment Completed 1991/Refurbished 2009 and underway Traditional Custodians Traditional land of the Kulin nations

Current Valuation Fair Value $741.0m Capitalisation Rate 4.75% Valuation Type Independent

Property Details Office 65,200 sqm Retail 1,600 sqm Car Parking Spaces 304 Typical Floor Plate Tower: 1,260 sqm, Podium: 3,510 sqm Office Tenant Details Number of Office Tenants 26 WALE (by income) 3.4 years

Office Occupancy Actual 90.1% Including Signed Leases 90.3% Including Heads of Agreement 91.9% Key Tenants Area (sqm) Suncorp 15,450 Mills Oakley 5,390

Lease Expiry Profile (by Income)

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14%
11% 8% 9%
4% 5%
0% 2% 1% 0%
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031+
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Sustainability

530 Collins Street is certified carbon neutral using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol. In 2020, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 4 kilograms of CO2e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.

530 Collins Street has a 6.0 star NABERS Energy rating (including GreenPower), a 3.5 star NABERS Water rating and a 2.5 star NABERS Waste rating.

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 and as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2020.

THE GPT GROUP | PROPERTY COMPENDIUM

OFFICE PORTFOLIO 67

655 Collins Street

Melbourne

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68 OFFICE PORTFOLIO
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655 Collins Street, Melbourne

655 Collins Street is an eight level, A-Grade office building, prominently located on the corner of Collins and Spencer Streets. The asset is situated opposite the major railway and transport hub of Southern Cross Station. The asset was constructed in 2009 and comprises large campus-style floors, all with excellent natural light and strong tenant appeal.

Key Metrics as at 31 December 2020

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General Current Valuation
Ownership Interest 100% GWOF Fair Value $172.0m
Acquired (by GWOF) May 2014 Capitalisation Rate 4.75%
Asset Quality A-Grade Valuation Type Independent
Construction/Refurbishment Completed 2009
Traditional Custodians Traditional land of the Kulin nations
Property Details Office Occupancy
Office 16,600 sqm Actual 100.0%
Retail N/A Including Signed Leases 100.0%
Car Parking Spaces 89 Including Heads of Agreement 100.0%
Typical Floor Plate 2,500 sqm
Office Tenant Details Key Tenants
Number of Office Tenants 1 Area (sqm)
WALE (by income) 8.9 years Nine 16,600
Lease Expiry Profile (by Income)
100%
0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031+
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Sustainability

655 Collins Street is certified carbon neutral using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol. In 2020, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 12 kilograms of CO2e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.

655 Collins Street has achieved a 5 star Green Star – Design and As Built Rating, a 6.0 star NABERS Energy rating (including Green Power), a 4.5 star NABERS Water rating and a 3.5 star NABERS Waste rating.

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 and as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2020.

THE GPT GROUP | PROPERTY COMPENDIUM

69

OFFICE PORTFOLIO

750 Collins Street Melbourne

70

OFFICE PORTFOLIO

750 Collins Street, Melbourne

750 Collins Street is an A-Grade office building completed in 2007. Situated in Melbourne’s dynamic Docklands precinct, the property occupies a 7,700 square metre site on the corner of Collins Street and Batmans Hill Drive.

The property comprises a 10 level campus-style building with super-sized floor plates of approximately 5,660 square metres, featuring excellent natural light to each elevation.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GWOF Acquired (by GWOF) May 2014 Asset Quality A-Grade Construction/Refurbishment Completed 2007/Refurbished 2020 Traditional Custodians Traditional land of the Kulin nations Property Details Office 41,400 sqm Retail N/A Car Parking Spaces 422 Typical Floor Plate 5,660 sqm Office Tenant Details Number of Office Tenants 1 WALE (by income) 14.8 years

Current Valuation

Fair Value $477.5m Capitalisation Rate 4.75% Valuation Type Independent

Office Occupancy

Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0%

Key Tenants

Area (sqm) Monash College 41,400

Lease Expiry Profile (by Income)

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0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031+
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Sustainability

750 Collins Street is not reported as undergoing refurbishment, ahead of tenant management of the asset.

THE GPT GROUP | PROPERTY COMPENDIUM

71

OFFICE PORTFOLIO

800/808 Bourke Street Melbourne

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72 OFFICE PORTFOLIO
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800/808 Bourke Street, Melbourne

800 and 808 Bourke Street were completed in 2004. This contemporary home to the Australian head office of the National Australia Bank (NAB) is located on a prime, north-facing waterfront site in the Docklands Precinct in Melbourne.

The asset embodies the key design elements of a modern workplace such as large open plan floors, open atria, operable windows, balconies, terraces, sunshades and extensive use of natural light.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GWOF Acquired (by GWOF) July 2006 Asset Quality A-Grade Construction/Refurbishment Completed 2004 Traditional Custodians Traditional land of the Kulin nations

Current Valuation

Fair Value $580.0m Capitalisation Rate 5.15% Valuation Type Independent

Property Details Office 59,600 sqm Retail 1,900 sqm Car Parking Spaces 416 Typical Floor Plate 3,500 sqm Office Tenant Details Number of Office Tenants 1 WALE (by income) 6.6 years

Office Occupancy

Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0% Key Tenants Area (sqm) NAB 59,600

Lease Expiry Profile (by Income)

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100%
0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031+
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Sustainability

800/808 Bourke Street is certified carbon neutral using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol. In 2020, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 4 kilograms of CO2e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.

800/808 Bourke Street has a 6.0 star NABERS Energy rating (including GreenPower) and 4.0 star NABERS Water rating, and was the first building in Australia to be rated using the Green Star Performance Pilot.

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 and as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2020.

THE GPT GROUP | PROPERTY COMPENDIUM

73

OFFICE PORTFOLIO

Riverside Centre

123 Eagle Street, Brisbane

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74 OFFICE PORTFOLIO
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Riverside Centre, 123 Eagle Street, Brisbane

This landmark complex comprises a 41 level Premium Grade commercial building located in the heart of the ‘Golden Triangle’ in the Brisbane CBD, designed by one of Australia’s leading architects Harry Seidler. The building incorporates high quality office accommodation, waterfront restaurants, a car park for over 490 cars and an open plaza surrounded by retail accommodation.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GWOF Acquired (by GWOF) July 2006 Asset Quality Premium Grade Construction/Refurbishment Completed 1986/Refurbished 2017 Traditional Custodians Traditional land of the Turrbul and the Jagera people

Property Details Office 51,400 sqm Retail 4,500 sqm Car Parking Spaces 497 Typical Floor Plate 1,500 sqm Office Tenant Details Number of Office Tenants 37 WALE (by income) 6.5 years

Current Valuation

Fair Value $732.0m Capitalisation Rate 5.00% Valuation Type Independent

Office Occupancy Actual 92.6% Including Signed Leases 92.9% Including Heads of Agreement 92.9% Key Tenants Area (sqm) Deloitte 7,890 Westpac Group 6,720

Lease Expiry Profile (by Income)

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24%
21%
20%
8%
6% 6%
5%
4%
3%
2%
0%
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031+
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Sustainability

Riverside Centre is certified carbon neutral using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol.

The building has also achieved a 6.0 star NABERS Energy rating (including GreenPower), a 4.0 star NABERS Water rating, and a 3.5 star NABERS Waste rating.

Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2020 and as presented for assurance according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2020.

THE GPT GROUP | PROPERTY COMPENDIUM

75

OFFICE PORTFOLIO

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December

Rosehill Business Park, Camellia, NSW

Rosehill Business Park comprises three office and warehouse facilities leased to a number of national occupiers including Australian Pharmaceutical Industries (API) and Linfox. Camellia is located approximately 3 radial kilometres east of the Parramatta CBD and benefits from its close proximity to the M4 Motorway and James Ruse Drive.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GPT Acquired (by GPT) May 1998 Traditional Custodians Traditional land of the Darug people Property Details GLA 41,900 sqm Site Area 79,900 sqm WALE (by income) 2.3 years

Current Valuation
Fair Value $104.5m
Capitalisation Rate 5.25%
Valuation Type Independent
Occupancy
Actual 100.0%
Including Signed Leases 100.0%
Including Heads of Agreement 100.0%

77 LOGISTICS PORTFOLIO

10 Interchange Drive, Eastern Creek, NSW

The asset comprises a modern office and warehouse facility leased to Jalco Australia. Eastern Creek is a core occupier market, located 14 radial kilometres west of the Parramatta CBD and within close proximity of the M4 and M7 Motorways.

Key Metrics as at 31 December 2020

General
Ownership Interest 100% GPT
Acquired (by GPT) August 2012
Traditional Custodians Traditional land of the Darug people

Current Valuation

Fair Value $42.0m Capitalisation Rate 4.63% Valuation Type Independent

Property Details

GLA 15,200 sqm Site Area 30,200 sqm WALE (by income) 6.8 years

Occupancy

Occupancy
Actual 100.0%
Including Signed Leases 100.0%
Including Heads of Agreement 100.0%

THE GPT GROUP | PROPERTY COMPENDIUM

LOGISTICS PORTFOLIO 78

Connect@Erskine Park, Lockwood and Templar Roads, Erskine Park, NSW

Developed by GPT, Connect@Erskine Park comprises a five asset estate leased to various national retail and transport operators. Erskine Park is a core occupier market, located approximately 19 radial kilometres west of the Parramatta CBD and within close proximity of the M4 and M7 motorways.

Key Metrics as at 31 December 2020

General

General
Ownership Interest 100% GPT
Traditional Custodians Traditional land of the Darug people
Property Details
16–34 Templar Road 36–52 Templar Road 54–70 Templar Road 67–75 Templar Road 29–55 Lockwood Road
(Goodman Fielder) (Scot’s Refrigerated (Coles RRM) (Target) (TNT Australia)
Logistics)
Developed by GPT 2009 2015 2015 2010 2014
GLA 15,200 sqm 24,500 sqm 21,000 sqm 12,700 sqm 32,200 sqm
Site Area 39,700 sqm 62,200 sqm 43,300 sqm 22,900 sqm 88,200 sqm
WALE (by income) 8.5 years 14.1 years 14.5 years 1.1 years 9.0 years
Current Valuation
Fair Value $72.0m $130.0m $179.0m $28.8m $123.7m
Capitalisation Rate 4.50% 4.50% 4.63% 5.00% 4.38%
Valuation Type Independent Independent Independent Independent Independent
Occupancy
Actual 100.0% 100.0% 100.0% 100.0% 100.0%
Including Signed Leases 100.0% 100.0% 100.0% 100.0% 100.0%
Including Heads of Agreement 100.0% 100.0% 100.0% 100.0% 100.0%

79 LOGISTICS PORTFOLIO

57-87 & 89-99 Lockwood Road, Erskine Park, NSW

The asset comprises two modern office and warehouse facilities leased to Rondo and CSR respectively. The assets are located directly adjacent to GPT’s Connect@Erskine Park estate. Erskine Park is a core occupier market located approximately 19 radial kilometres west of the Parramatta CBD and within close proximity of the M4 and M7 Motorways.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GPT Acquired (by GPT) July 2019 Traditional Custodians Traditional land of the Darug people

Current Valuation

Fair Value $110.5m Capitalisation Rate 4.38% Valuation Type Independent

Property Details

GLA 37,700 sqm Site Area 92,400 sqm WALE (by income) 9.2 years

Occupancy

Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0%

THE GPT GROUP | PROPERTY COMPENDIUM

LOGISTICS PORTFOLIO 80

128 Andrews Road, Penrith, NSW

Completed in September 2020, the asset comprises a purpose built warehouse and distribution facility leased to Visy Glass. The facility is strategically located directly adjacent to the occupier’s manufacturing operations.

Penrith is located approximately 29 radial kilometres west of the Parramatta CBD and within close proximity of major road networks including the M4, Great Western Highway and Northern Road.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GPT Developed (by GPT) September 2020 Traditional Custodians Traditional land of the Darug people

Current Valuation

Fair Value $93.6m Capitalisation Rate 4.50% Valuation Type Independent

Property Details

GLA 50,200 sqm Site Area 121,400 sqm WALE (by income) 9.7 years

Occupancy

Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0%

81 LOGISTICS PORTFOLIO

128 Andrews Road, Penrith, NSW

Completed in September 2020, the asset comprises a purpose built warehouse and distribution facility leased to Visy Glass. The facility is strategically located directly adjacent to the occupier’s manufacturing operations.

Penrith is located approximately 29 radial kilometres west of the Parramatta CBD and within close proximity of major road networks including the M4, Great Western Highway and Northern Road.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GPT Developed (by GPT) September 2020 Traditional Custodians Traditional land of the Darug people

Current Valuation

Fair Value $93.6m Capitalisation Rate 4.50% Valuation Type Independent

Property Details

GLA 50,200 sqm Site Area 121,400 sqm WALE (by income) 9.7 years

Occupancy

Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0%

81 LOGISTICS PORTFOLIO

407 Pembroke Road, Minto, NSW

The asset comprises a modern temperature controlled warehouse and office facility located in the established occupier precinct of Minto. It is located approximately 40 radial kilometres south west of the Sydney CBD and benefits from its close proximity to the M5 and M7 Motorways. The asset is leased to Unilever. Adjoining the existing improvements is a 4.2 hectare site suitable for future development.

Key Metrics as at 31 December 2020

General

Ownership Interest 50% GPT Co-Owner 50% Austrak Acquired (by GPT) October 2008 Traditional Custodians Traditional land of the Dharawal people

Current Valuation

Fair Value $35.0m[1] Capitalisation Rate 5.50% Valuation Type Independent

Property Details

GLA 18,400 sqm Site Area 46,100 sqm[1] WALE (by income) 3.9 years

Occupancy

Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0%

  1. Excludes development land.

THE GPT GROUP | PROPERTY COMPENDIUM

LOGISTICS PORTFOLIO 82

4 Holker Street, Newington, NSW

The asset comprises a modern high-tech data centre located in Newington, approximately 5 radial kilometres south east of the Parramatta CBD. The asset is leased to TPG Telecom Limited.

Key Metrics as at 31 December 2020

General Ownership Interest 100% GPT Acquired (by GPT) March 2006 Traditional Custodians Traditional land of the Wanngal people

Current Valuation

Fair Value $42.0m Capitalisation Rate 5.50% Valuation Type Independent

Property Details

Property Details
GLA 7,400 sqm
Site Area 6,800 sqm
WALE (by income) 5.7 years

Occupancy

Occupancy
Actual 100.0%
Including Signed Leases 100.0%
Including Heads of Agreement 100.0%

83 LOGISTICS PORTFOLIO

83 Derby Street, Silverwater, NSW

The asset comprises a warehouse and office facility leased to IVE Group. It is located in the established occupier precinct of Silverwater, approximately 4 radial kilometres south east of the Parramatta CBD. It benefits from its close proximity to the M4 Motorway.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GPT Acquired (by GPT) August 2012 Traditional Custodians Traditional land of the Wanngal people

Current Valuation

Fair Value $45.0m Capitalisation Rate 4.88% Valuation Type Independent

Property Details

GLA 17,000 sqm Site Area 31,900 sqm WALE (by income) 5.0 years

Occupancy

Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0%

THE GPT GROUP | PROPERTY COMPENDIUM

LOGISTICS PORTFOLIO 84

Sydney Olympic Park Town Centre, NSW

The Sydney Olympic Park Town Centre consists of five neighbouring GPT assets that form a five hectare consolidated holding. The Town Centre provides GPT with a potential mixed-use development site. Sydney Olympic Park is located approximately 7 radial kilometres south east of the Parramatta CBD and benefits from its close proximity to the M4 Motorway.

Key Metrics as at 31 December 2020

General
Ownership Interest 100% GPT
Traditional Custodians Traditional land of the Wanngal people
Property Details
3 Figtree Drive 5 Figtree Drive 7 Figtree Drive 6 Herb Elliot Avenue 8 Herb Elliot Avenue
Acquired 2013 2005 2004 2010 2004
GLA 6,800 sqm 8,800 sqm 3,500 sqm 4,100 sqm 3,300 sqm
Site Area 12,900 sqm 12,900 sqm 9,600 sqm 8,400 sqm 9,100 sqm
WALE (by income) 0.2 years 2.8 years 0.2 years 1.1 years 3.1 years
Current Valuation
Fair Value (combined)1 $152.7m
Valuation Type Independent/Other
Occupancy
Actual 100.0% 100.0% 100.0% 100.0% 100.0%
Including Signed Leases 100.0% 100.0% 100.0% 100.0% 100.0%
Including Heads of Agreement 100.0% 100.0% 100.0% 100.0% 100.0%
  1. GPT received an offer of compensation from Sydney Metro following commercial negotiation regarding the compulsory acquisition for three of GPT’s properties at Sydney Olympic Park Town Centre. At 31 December 2020, these three assets have been classified as assets held for sale with a carrying value of $103.0 million based on the offer received. The fair value reflects the carrying value for the assets held for sale and the independent valuation completed as at 31 December 2020 for the remaining assets.

85

LOGISTICS PORTFOLIO

Quad 1 & Quad 4, Sydney Olympic Park, NSW

Quad 1 and Quad 4 form part of an integrated office precinct located at Sydney Olympic Park, close to significant infrastructure and public recreational amenities. Sydney Olympic Park is located approximately 7 radial kilometres south east of the Parramatta CBD and benefits from its close proximity to the M4 Motorway.

Quad 1 building has achieved 5.5 star NABERS Energy, a 5.5 star NABERS Water rating and a 1.5 star NABERS Waste rating. Quad 4 was awarded a 5 Star Green Star Design rating by the Green Building Council of Australia.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GPT Traditional Custodians Traditional land of the Wanngal people

Current Valuation

Quad 1 Quad 4 Fair Value $31.0m $55.0m Capitalisation Rate 5.75% 5.38% Valuation Type Independent Independent

Property Details

Quad 1 Quad 4 Acquired/Developed (by GPT) 2001 2007 NLA 4,800 sqm 7,600 sqm Site Area 9,400 sqm 8,000 sqm WALE (by income) 1.9 years 9.8 years

Occupancy

Quad 1 Quad 4 Actual 100.0% 100.0% Including Signed Leases 100.0% 100.0% Including Heads of Agreement 100.0% 100.0%

THE GPT GROUP | PROPERTY COMPENDIUM

LOGISTICS PORTFOLIO 86

372–374 Victoria Street, Wetherill Park, NSW

The asset comprises an office and warehouse facility located in the established occupier precinct of Wetherill Park. It is located approximately 10 radial kilometres south west of the Parramatta CBD and benefits from its close proximity to the M4 and M7 Motorways and direct access to the Cumberland Highway. The asset is leased to Infrabuild (formerly known as OneSteel).

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GPT Acquired (by GPT) July 2006 Traditional Custodians Traditional land of the Darug people

Current Valuation

Fair Value $34.7m Capitalisation Rate 5.50% Valuation Type Independent

Property Details

GLA 20,500 sqm Site Area 41,700 sqm WALE (by income) 4.2 years

Occupancy

Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0%

87 LOGISTICS PORTFOLIO

38 Pine Road, Yennora, NSW

The asset comprises two modern warehouses with adjoining offices. It is located in the established occupier market of Yennora. Approximately 6 radial kilometres south west of the Parramatta CBD, the asset benefits from its close proximity to the M4 Motorway and Cumberland Highway. It is leased to Schenker Australia.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GPT Acquired (by GPT) November 2013 Traditional Custodians Traditional land of the Darug people

Current Valuation

Fair Value $72.0m Capitalisation Rate 4.75% Valuation Type Independent

Property Details

GLA 33,800 sqm Site Area 73,900 sqm WALE (by income) 2.2 years

Occupancy

Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0%

THE GPT GROUP | PROPERTY COMPENDIUM

LOGISTICS PORTFOLIO 88

38A Pine Road, Yennora, NSW

Developed by GPT on surplus land adjoining an existing asset within the portfolio, the asset comprises an office and warehouse facility. Yennora is an established occupier market, located approximately 6 radial kilometres south west of the Parramatta CBD. The location benefits from its close proximity to the M4 Motorway and Cumberland Highway. The asset is leased to Westcon Group.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GPT Developed (by GPT) March 2020 Traditional Custodians Traditional land of the Darug people

Property Details GLA 4,800 sqm Site Area 11,100 sqm WALE (by income) 4.2 years

Current Valuation

Fair Value $13.6m Capitalisation Rate 4.75% Valuation Type Independent Occupancy Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0%

89 LOGISTICS PORTFOLIO

18–24 Abbott Road, Seven Hills, NSW

Developed by GPT, the asset comprises a modern dual tenancy office and warehouse facility. It is located in the established occupier market of Seven Hills, approximately 7 radial kilometres north west of the Parramatta CBD and within close proximity of the M7 and M2 Motorways. The asset is leased to Hills Limited and Easy Auto 123.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GPT Developed (by GPT) April 2017 Traditional Custodians Traditional land of the Darug people

Current Valuation

Fair Value $44.2m Capitalisation Rate 4.88% Valuation Type Independent

Property Details

GLA 18,100 sqm Site Area 40,500 sqm WALE (by income) 3.7 years

Occupancy

Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0%

THE GPT GROUP | PROPERTY COMPENDIUM

LOGISTICS PORTFOLIO 90

1A & 1B Huntingwood Drive, Huntingwood, NSW

Acquired by GPT in 2016 as a vacant building with adjoining land, the existing facility, known as Warehouse 1A was significantly upgraded to allow for more adaptive office and warehouse use. The facility is leased to IVE Group.

The adjoining land has been developed into a standalone office and warehouse facility, known as Warehouse 1B. The development reached practical completion in 2018 and is leased to Cahill Transport.

Huntingwood is located approximately 11 radial kilometres west of the Parramatta CBD and benefits from its close proximity to the M7 and M4 Motorways.

Key Metrics as at 31 December 2020

General Ownership Interest 100% GPT Traditional Custodians Traditional land of the Darug people

Current Valuation

1A Huntingwood Drive 1B Huntingwood Drive Fair Value $52.4m $28.0m Capitalisation Rate 4.75% 4.75% Valuation Type Independent Independent

Property Details

1A Huntingwood Drive 1B Huntingwood Drive Acquired/Developed (by GPT) 2017 2018 GLA 21,100 sqm 11,300 sqm Site Area 38,700 sqm 31,100 sqm WALE (by income) 6.6 years 2.7 years

Occupancy

1A Huntingwood Drive 1B Huntingwood Drive Actual 100.0% 100.0% Including Signed Leases 100.0% 100.0% Including Heads of Agreement 100.0% 100.0%

91 LOGISTICS PORTFOLIO

54 Eastern Creek Drive, Eastern Creek, NSW

Developed by GPT in 2017, the asset comprises a modern office and warehouse facility located in the established occupier market of Eastern Creek. It is located approximately 16 radial kilometres west of the Parramatta CBD and benefits from its close proximity to the M7 and M4 Motorways. The asset is leased to Silk Logistics.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GPT Developed (by GPT) October 2017 Traditional Custodians Traditional land of the Darug people

Current Valuation

Fair Value $60.2m Capitalisation Rate 4.88% Valuation Type Independent

Property Details

GLA 25,400 sqm Site Area 51,100 sqm WALE (by income) 4.1 years

Occupancy

Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0%

THE GPT GROUP | PROPERTY COMPENDIUM

LOGISTICS PORTFOLIO 92

50 Old Wallgrove Road, Eastern Creek, NSW

Developed by GPT, the asset comprises an office and warehouse facility leased to ACR Supply Partners. It is located 16 radial kilometres west of the Parramatta CBD and benefits from its close proximity to the M7 and M4 Motorways.

Key Metrics as at 31 December 2020

General Ownership Interest 100% GPT Developed (by GPT) January 2019 Traditional Custodians Traditional land of the Darug people

Current Valuation

Fair Value $74.0m Capitalisation Rate 4.75% Valuation Type Independent

Property Details

GLA 30,100 sqm Site Area 53,100 sqm WALE (by income) 6.1 years

Occupancy

Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0%

93 LOGISTICS PORTFOLIO

104 Vanessa Street, Kingsgrove, NSW

The asset comprises an office and warehouse facility located in the established occupier precinct of Kingsgrove. It is located approximately 13 radial kilometres south west of the Sydney CBD and benefits from its close proximity to the M5 Motorway. The asset is leased to Disability Services Australia.

Key Metrics as at 31 December 2020

General
Ownership Interest 100% GPT
Acquired (by GPT) May 2019
Property Details
GLA 7,100 sqm
Site Area 11,600 sqm
WALE (by income) 9.6 years

Current Valuation

Current Valuation
Fair Value $27.4m
Capitalisation Rate 4.50%
Valuation Type Independent
Occupancy
Actual 100.0%
Including Signed Leases 100.0%
Including Heads of Agreement 100.0%

THE GPT GROUP | PROPERTY COMPENDIUM

LOGISTICS PORTFOLIO 94

64 Biloela Street, Villawood, NSW

The asset comprises an office and warehouse facility located in the established occupier precinct of Villawood. It is located approximately 8 radial kilometres south west of the Parramatta CBD and benefits from its close proximity to the Hume Highway. The asset is leased to VIP Plastic Packaging.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GPT Acquired (by GPT) May 2019 Traditional Custodians Traditional land of the Darug people

Current Valuation

Fair Value $42.7m Capitalisation Rate 5.25% Valuation Type Independent

Property Details

GLA 23,300 sqm Site Area 37,700 sqm WALE (by income) 6.5 years

Occupancy

Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0%

95 LOGISTICS PORTFOLIO

30–32 Bessemer Street, Blacktown, NSW

The asset comprises three standalone warehouse facilities in the established occupier precinct of Blacktown. It is located approximately 11 radial kilometres north west of the Parramatta CBD and benefits from its close proximity to the M7 and M2 Motorways. The asset is leased to Snack Brands Industries.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GPT Acquired (by GPT) May 2019 Traditional Custodians Traditional land of the Darug people

Current Valuation

Fair Value $43.5m Capitalisation Rate 5.25% Valuation Type Independent

Property Details

GLA 20,100 sqm Site Area 44,800 sqm WALE (by income) 5.0 years

Occupancy

Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0%

THE GPT GROUP | PROPERTY COMPENDIUM

96

LOGISTICS PORTFOLIO

Citiwest Industrial Estate, Altona North, VIC

Citiwest Industrial Estate comprises six warehouse and office facilities located in the established occupier precinct of Altona North. It is located approximately 12 radial kilometres south west of the Melbourne CBD and 8 kilometres west of the Port of Melbourne. The site is also located within close proximity of the Westgate Freeway and Western Ring Road. The estate is leased to various national occupiers.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GPT Acquired (by GPT) August 1994 Traditional Custodians Traditional land of the Kulin nations

Property Details

GLA 90,100 sqm Site Area 201,800 sqm WALE (by income) 3.8 years

Current Valuation

Fair Value $115.0m Capitalisation Rate 5.50% Valuation Type Independent Occupancy Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0%

97 LOGISTICS PORTFOLIO

Citiport Business Park, Port Melbourne, VIC

Citiport Business Park is located approximately 4 radial kilometres west of the Melbourne CBD. Improvements include a modern low rise office building and 10 warehouse/showroom facilities. The estate benefits from its close proximity to the Monash and Westgate Freeways.

The office component of the asset, 650 Lorimer Street, has achieved a 5.0 star NABERS Energy rating and a 4 star NABERS Water rating.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GPT Acquired (by GPT) March 2012 Traditional Custodians Traditional land of the Kulin nations

Current Valuation

Fair Value $93.5m Capitalisation Rate 5.75% Valuation Type Independent

Property Details

GLA 27,000 sqm Site Area 25,500 sqm WALE (by income) 2.6 years

Occupancy

Actual 91.0% Including Signed Leases 91.0% Including Heads of Agreement 91.0%

THE GPT GROUP | PROPERTY COMPENDIUM

LOGISTICS PORTFOLIO 98

Austrak Business Park, Somerton, VIC

Austrak Business Park comprises seven facilities and an intermodal rail terminal located in the established occupier precinct of Somerton. It is located approximately 20 radial kilometres north of the Melbourne CBD and 10 kilometres north east of Melbourne Airport. The site benefits from its nearby access to the Hume Freeway. The estate is leased to various national occupiers.

Key Metrics as at 31 December 2020

General

Ownership Interest GPT (50%) Co-Owner Austrak (50%) Acquired (by GPT) October 2003 Traditional Custodians Traditional land of the Wurundjeri people

Current Valuation

Fair Value $215.5m[1] Capitalisation Rate 4.75% Valuation Type Independent

Property Details

GLA 210,000 sqm Site Area 684,000 sqm[1] WALE (by income) 4.4 years

Occupancy

Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0%

  1. Excludes development land.

99

LOGISTICS PORTFOLIO

Sunshine Business Estate, Sunshine, VIC

Sunshine Business Estate comprises four warehouse and office facilities in the established occupier precinct of Sunshine. It is located approximately 12 radial kilometres north west of the Melbourne CBD and 8 kilometres north west of the Port of Melbourne. The site is also located within close proximity to the Westgate Freeway and Western Ring Road. The estate is leased to IVE Group.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GPT Acquired (by GPT) January 2018 Traditional Custodians Traditional land of the Kulin nations

Property Details

GLA 52,800 sqm Site Area 88,700 sqm WALE (by income) 5.9 years

Current Valuation

Fair Value $88.0m Capitalisation Rate 5.00% Valuation Type Independent Occupancy Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0%

THE GPT GROUP | PROPERTY COMPENDIUM

LOGISTICS PORTFOLIO 100

399 Boundary Road, Truganina, VIC

The asset comprises a modern office and warehouse facility in the established occupier precinct of Truganina. It is located approximately 18 radial kilometres west of the Melbourne CBD and 14 kilometres west of the Port of Melbourne. The asset is located within close proximity to the Western Ring Road and is leased to Krueger Transport Equipment.

Key Metrics as at 31 December 2020

General Ownership Interest 100% GPT Acquired (by GPT) December 2018 Traditional Custodians Traditional land of the Kulin nations

Current Valuation Fair Value $20.5m Capitalisation Rate 4.75% Valuation Type Independent

Property Details GLA 11,900 sqm Site Area 24,400 sqm WALE (by income) 8.2 years

Occupancy Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0%

101 LOGISTICS PORTFOLIO

396 Mount Derrimut Road, Derrimut, VIC

The asset comprises an office and warehouse facility in the established occupier precinct of Derrimut. It is located approximately 17 radial kilometres west of the Melbourne CBD and 13 kilometres west of the Port of Melbourne. The asset is located within close proximity of the Western Ring Road and is leased to Mesh and Bar.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GPT Acquired (by GPT) November 2018 Traditional Custodians Traditional land of the Kulin nations

Current Valuation

Fair Value $14.7m Capitalisation Rate 5.00% Valuation Type Independent

Property Details

GLA 10,700 sqm Site Area 18,700 sqm WALE (by income) 3.0 years

Occupancy

Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0%

THE GPT GROUP | PROPERTY COMPENDIUM

LOGISTICS PORTFOLIO 102

21 Shiny Drive, Truganina, VIC

Completed in December 2019, the asset was the first facility developed at GPT’s Gateway Logistics Hub. The estate is approximately 18 radial kilometres west of the Melbourne CBD and 13 kilometres west of the Port of Melbourne, and is expected to deliver up to 142,000 square metres of prime logistics accommodation.

21 Shiny Drive is a modern dual tenancy office and warehouse facility. The asset benefits from its close proximity to the Western Ring Road. It is leased to Petstock and Godfrey Hirst.

Key Metrics as at 31 December 2020

General Ownership Interest 100% GPT Developed (by GPT) December 2019 Traditional Custodians Traditional land of the Kulin nations

Property Details

GLA 26,500 sqm Site Area 42,300 sqm WALE (by income) 5.5 years

Current Valuation Fair Value $42.3m Capitalisation Rate 4.88% Valuation Type Independent Occupancy Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0%

103 LOGISTICS PORTFOLIO

21-23 Wirraway Drive, Port Melbourne, VIC

The asset comprises a modern office and warehouse facility in the established occupier precinct of Port Melbourne. It is located approximately 5 radial kilometres west of the Melbourne CBD and within close proximity of the Port of Melbourne. The asset is also located within close proximity to the West Gate Freeway and the Citylink. It is leased to Computershare.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GPT Acquired (by GPT) March 2020 Traditional Custodians Traditional land of the Kulin nations Property Details GLA 7,200 sqm Site Area 8,100 sqm WALE (by income) 5.0 years

Current Valuation

Current Valuation
Fair Value $32.6m
Capitalisation Rate 4.75%
Valuation Type Independent
Occupancy
Actual 100.0%
Including Signed Leases 100.0%
Including Heads of Agreement 100.0%

THE GPT GROUP | PROPERTY COMPENDIUM

LOGISTICS PORTFOLIO 104

1 Botero Place, Truganina, VIC

The asset comprises a modern office and temperature controlled warehouse facility in the established occupier precinct of Truganina. It is located approximately 18 radial kilometres west of the Melbourne CBD and 13 kilometres west of the Port of Melbourne. The asset is located within close proximity to the West Gate Freeway, Williamstown Road and Citylink.

The asset was purpose built for international logistics provider, DHL. The design incorporates a fusion HVAC system to allow for a temperature range of 17 to 22.5 degrees. Other improvements include a main office, two dock offices and 16,000 square metres of hardstand.

Key Metrics as at 31 December 2020

General
Ownership Interest 100% GPT
Acquired (by GPT) May 2020
Traditional Custodians Traditional land of the Kulin nations
Property Details
GLA 23,800 sqm
Site Area 48,700 sqm
WALE (by income) 9.4 years
Current Valuation
Fair Value $44.4m
Capitalisation Rate 4.50%
Valuation Type Independent
Occupancy
Actual 100.0%
Including Signed Leases 100.0%
Including Heads of Agreement 100.0%

105 LOGISTICS PORTFOLIO

Foundation Estate, Truganina , VIC

The estate comprises three warehouse and office facilities leased to various national retail and transport operators. Truganina is a core occupier market, located approximately 18 radial kilometres west of the Melbourne CBD and 13 kilometres west of the Port of Melbourne.

The estate also provides approximately 1.8 hectares of land suitable for development.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GPT Acquired (by GPT) December 2020 Traditional Custodians Traditional land of the Kulin nations

Current Valuation

Fair Value $120.0m[1] Capitalisation Rate 4.50% Valuation Type Independent

Property Details

GLA 44,100 sqm Site Area 94,300 sqm[1] WALE (by income) 8.1 years

Occupancy

Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0%

  1. Excludes development land.

THE GPT GROUP | PROPERTY COMPENDIUM

LOGISTICS PORTFOLIO 106

59 Forest Way, Karawatha, QLD

The asset comprises a modern distribution centre located in Karawatha, approximately 21 radial kilometres south of the Brisbane CBD and 52 kilometres north west of the Gold Coast. The facility was purpose built for the sole occupier, Toll. The site benefits from its close proximity to the Logan and M1 Motorways.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GPT Developed (by GPT) April 2014 Traditional Custodians Traditional land of the Yuggera people

Current Valuation

Fair Value $137.5m Capitalisation Rate 4.75% Valuation Type Independent

Property Details

GLA 44,000 sqm Site Area 134,300 sqm WALE (by income) 8.2 years

Occupancy

Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0%

107 LOGISTICS PORTFOLIO

55 Whitelaw Place, Wacol, QLD

The asset comprises a modern office and warehouse facility located in Wacol, approximately 16 radial kilometres south west of the Brisbane CBD. The facility was purpose built for the sole occupier, Loscam Australia, and the site benefits from its close proximity to the Ispwich Motorway and Centenary Highway.

Key Metrics as at 31 December 2020

General

Ownership Interest 100% GPT Developed (by GPT) June 2017 Traditional Custodians Traditional land of the Turrbul people

Current Valuation

Fair Value $19.9m Capitalisation Rate 4.75% Valuation Type Independent

Property Details

GLA 5,600 sqm Site Area 20,900 sqm WALE (by income) 11.4 years

Occupancy

Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0%

THE GPT GROUP | PROPERTY COMPENDIUM

LOGISTICS PORTFOLIO 108

2 Ironbark Close, Berrinba, QLD

Completed in March 2020, the asset was the first facility developed at GPT’s Wembley Business Park. The estate is strategically located within close proximity of the Logan Motorway, providing access to the Brisbane CBD (20 kilometres north west) and the Port of Brisbane (30 kilometres north west). The estate is expected to deliver up to 73,000 square metres of prime logistics accommodation.

The facility was purpose built for international logistics provider, DHL. The design allows for a high level of operational efficiency with two warehouses connected via a super-awning spanning 71 metres across the shared hardstand.

Key Metrics as at 31 December 2020

General
Ownership Interest 100% GPT
Developed (by GPT) March 2020
Property Details
GLA 20,600 sqm
Site Area 48,800 sqm
WALE (by income) 9.2 years
Current Valuation
Fair Value $57.0m
Capitalisation Rate 4.50%
Valuation Type Independent
Occupancy
Actual 100.0%
Including Signed Leases 100.0%
Including Heads of Agreement 100.0%

109 LOGISTICS PORTFOLIO

30 Ironbark Close, Berrinba, QLD

Completed in March 2020, the asset was the second facility developed at GPT’s Wembley Business Park. The estate is approximately 20 radial kilometres south east of the Brisbane CBD and 30 kilometres south east of Port of Brisbane. The estate is expected to deliver up to 73,000 square metres of prime logistics accommodation.

The high quality facility includes recessed docks, drive around access and a large 35 metre hardstand. It was developed on a speculative basis and was leased prior to practical completion by JB Hi-Fi and Windoware.

Key Metrics as at 31 December 2020

General

General
Ownership Interest 100% GPT
Developed (by GPT) March 2020
Property Details
GLA 14,400 sqm
Site Area 33,700 sqm
WALE (by income) 4.5 years

Current Valuation Fair Value $31.3m Capitalisation Rate 4.75% Valuation Type Independent Occupancy Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0%

THE GPT GROUP | PROPERTY COMPENDIUM

LOGISTICS PORTFOLIO 110