AI assistant
GPT GROUP — Annual Report 2022
Feb 19, 2023
65009_rns_2023-02-19_61b7a528-39fc-4e2f-b023-073fe40f9c90.pdf
Annual Report
Open in viewerOpens in your device viewer
==> picture [562 x 48] intentionally omitted <==
==> picture [562 x 49] intentionally omitted <==
20 February 2023
2022 Annual Result Property Compendium
The GPT Group (‘GPT’) provides its 2022 Annual Result Property Compendium.
-ENDS-
This announcement is authorised for release by The GPT Group’s Managing Director and Chief Executive Officer, Bob Johnston.
For more information, please contact:
INVESTORS Penny Berger Head of Investor Relations & Corporate Affairs +61 402 079 955
MEDIA Grant Taylor Group External Communications Manager +61 403 772 123
www.gpt.com.au
Level 51, 25 Martin Place, Sydney NSW 2000
==> picture [554 x 691] intentionally omitted <==
Property Compendium Annual Result 2022
Contents
Retail 3
25 Office
Logistics 80
This Property Compendium has been prepared by The GPT Group comprising GPT RE Limited (ACN 107 426 504; AFSL 286511), as responsible entity of the General Property Trust, and GPT Management Holdings Limited (ACN 113 510 188) (together, GPT ). It has been prepared for the purpose of providing GPT’s investors with general information regarding GPT.
The information provided in this Property Compendium is for general information only. It is not intended to be investment, legal or other advice and should not be relied upon as such. You should make your own assessment of, or obtain professional advice about, the information in this Property Compendium to determine whether it is appropriate for you.
You should note that past performance is not necessarily a guide to future performance. While every effort is made to provide accurate and complete information, The GPT Group does not represent or warrant that the information in this Property Compendium is free from errors or omissions, is complete or is suitable for your intended use. In particular, no representation or warranty is given as to the accuracy, likelihood of achievement or reasonableness of any forward-looking statements contained in this Property Compendium or the assumptions on which they are based. Such material is, by its nature, subject to significant uncertainties and contingencies outside of GPT’s control. Actual results, circumstances and developments may differ materially from those expressed or implied in this Property Compendium.
To the maximum extent permitted by law, The GPT Group, its related companies, officers, employees and agents will not be liable to you in any way for any loss, damage, cost or expense (whether direct or indirect) howsoever arising in connection with the contents of, or any errors or omissions in, this Property Compendium.
Information is stated as at 31 December 2022 unless otherwise indicated. Except as required by applicable laws or regulations, GPT does not undertake to publicly update or review any forward-looking statements, whether as a result of new information or future events.
All values are expressed in Australian currency unless otherwise indicated.
Key statistics for the Retail, Office and Logistics divisions include The GPT Group’s weighted interest in the GPT Wholesale Shopping Centre Fund (GWSCF), the GPT Wholesale Office Fund (GWOF) and the GPT QuadReal Logistics Trust (GQLT) respectively.
Front cover: Highpoint Shopping Centre, VIC Inside cover: 143 Foundation Road, Truganina,VIC
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
==> picture [151 x 143] intentionally omitted <==
Retail Portfolio
==> picture [113 x 12] intentionally omitted <==
----- Start of picture text -----
Annual Result 2022
----- End of picture text -----
Charlestown Square New South Wales
Charlestown Square, New South Wales
Charlestown Square is the largest shopping and entertainment destination in the Newcastle and Hunter region.
The centre incorporates 254 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.
Key Metrics as at 31 December 2022
General
Ownership Interest 100% GPT Acquired December 1977 Asset Type Super Regional Construction Completed 1979 Latest Refurbishment/Development 2019 ("The Corner" Dining Precinct) Traditional Custodians Traditional land of the Awabakal people
Current Valuation
Fair Value $880.0m Capitalisation Rate 5.63% Valuation Type Independent
Centre Details
Total GLA 91,100 sqm Number of Tenancies 254 Car Parking Spaces 3,419 Retail Occupancy 99.5%
Sales Information
| Sales Information | |
|---|---|
| Sales Turnover per Square Metre Occupancy Costs Annual Centre Turnover |
Total Centre Specialties |
| $6,893 $12,464 10.6% 14.3% $570.4m |
Key Tenants
| Myer Big W Target Woolworths Supermarket Reading Cinemas Coles Aldi |
Area(sqm) |
|---|---|
| 11,500 7,750 5,590 4,800 4,580 4,320 1,450 |
Sustainability
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
5
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
RETAIL PORTFOLIO
Highpoint Shopping Centre Victoria
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 433 tenancies including western Melbourne’s only David Jones, Myer department store, two discount department stores, two supermarkets and a Hoyts cinema and entertainment offer. The centre also includes several international retailers including Zara, Apple, Uniqlo and Sephora. The centre introduced a Coles Supermarket in 2022 and Waterman co-working space will open in 2023.
Having undergone a full aesthetic upgrade during 2020 and 2021, 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 2022
General Ownership Interest 16.7% GPT Co-Owners 83.3% GWSCF Acquired August 2009 (GPT) March 2007 (GWSCF) Asset Type Super Regional Construction Completed 1975 Latest Refurbishment/Development 2022 Coles Supermarket Precinct Traditional Custodians Traditional land of the Wurundjeri people
| Current Valuation | ||
|---|---|---|
| Fair Value | GPT $400.0m;GWSCF $2,000.0m | |
| Capitalisation Rate | 4.50% | |
| Valuation Type | Independent |
| Centre Details Total GLA 150,000 sqm Number of Tenancies 433 Car Parking Spaces 7,276 Retail Occupancy 99.9% |
Sales Information | |
|---|---|---|
| Sales Turnover per Square Metre Occupancy Costs Annual Centre Turnover |
Total Centre Specialties |
|
| $9,169 $12,884 12.3% 16.6% $1,167.1m |
Key Tenants
| Key Tenants | |
|---|---|
| Myer Hoyts Big W David Jones Kmart Waterman Woolworths Supermarket Coles |
Area(sqm) |
| 15,480 9,030 8,160 7,300 6,260 4,600 4,240 4,110 |
Sustainability
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
7
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
RETAIL PORTFOLIO
Melbourne Central
Victoria
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 278 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 2022
General
Ownership Interest 100% GPT Acquired May 1999 Asset Type City Centre Construction Completed 1991 Latest Refurbishment/Development 2019 (ELLA - Dining Precinct) Traditional Custodians Traditional land of the Wurundjeri people
Current Valuation
Fair Value[1] $1,514.0m Capitalisation Rate[2] 4.63% Valuation Type Independent
Centre Details
Total GLA 55,800 sqm Number of Tenancies 278 Car Parking Spaces 878 Retail Occupancy 98.0%
Sales Information
| Sales Information | |
|---|---|
| Sales Turnover per Square Metre Occupancy Costs Annual Centre Turnover |
Total Centre Specialties |
| $11,018 $12,813 14.5% 18.9% $520.2m |
Key Tenants
| Key Tenants | |
|---|---|
| Hoyts Coles |
Area(sqm) |
| 7,710 1,310 |
Sustainability
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
-
Includes retail and car park.
-
Retail component only.
9
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
RETAIL PORTFOLIO
Rouse Hill Town Centre
New South Wales
Rouse Hill Town Centre, New South Wales
Rouse Hill Town Centre is located 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 252 tenancies including two discount department stores, two supermarkets and a cinema/entertainment precinct.
The asset also benefits from the Northwest Metro with the Rouse Hill Station sitting adjacent to the Town Centre.
Key Metrics as at 31 December 2022
General Ownership Interest 100% GPT Acquired September 2007 (Stage 1) March 2008 (Stage 2) Asset Type Regional Construction Completed 2008 Traditional Custodians Traditional land of the Darug people
Current Valuation
Fair Value $713.0m Capitalisation Rate 5.50% Valuation Type Independent
Centre Details
Total GLA 70,200 sqm Number of Tenancies 252 Car Parking Spaces 2,877 Retail Occupancy 100%
Sales Information
| Sales Information | |
|---|---|
| Sales Turnover per Square Metre Occupancy Costs Annual Centre Turnover |
Total Centre Specialties |
| $9,537 $12,493 8.3% 12.5% $593.1m |
Key Tenants
| Key Tenants | |
|---|---|
| Big W Kmart Reading Cinemas Woolworths Supermarket Coles |
Area(sqm) |
| 8,560 6,820 5,780 4,610 4,130 |
Sustainability
Rouse Hill Town Centre is certified carbon neutral using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol.
In 2022, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 1 kilograms of CO2-e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification. Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
RETAIL PORTFOLIO 11
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
Sunshine Plaza
Queensland
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 326 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 2022
| Key Metrics as at 31 December 2022 | |
|---|---|
| General Ownership Interest 50% GPT Co-Owners 50% Australian Prime Property Fund Retail Acquired December 1992 Asset Type Super Regional Construction Completed 1994 Latest Refurbishment/Development 2019 (Centre Expansion) Traditional Custodians Traditional land of the Gubbi Gubbi people |
Current Valuation |
| Fair Value GPT $606.0m Capitalisation Rate 5.00% Valuation Type Independent |
| Centre Details Total GLA 106,500 sqm Number of Tenancies 326 Car Parking Spaces 4,960 Retail Occupancy 99.6% |
Sales Information | |
|---|---|---|
| Sales Turnover per Square Metre Occupancy Costs Annual Centre Turnover Key Tenants |
Total Centre Specialties |
|
| $7,661 $11,090 10.5% 15.7% $765.7m |
||
| Myer David Jones Target Big W Kmart Coles Birch Carroll & Coyle Woolworths Supermarket |
Area(sqm) | |
| 12,590 7,780 6,920 6,520 6,270 5,850 4,690 3,870 |
Sustainability
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
13
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
RETAIL PORTFOLIO
Westfield Penrith New South Wales
Westfield Penrith, New South Wales
Westfield Penrith is a super-regional shopping centre located in the heart of Penrith, 50km west of the Sydney CBD.
The centre incorporates 321 tenancies including the region's only Myer department store, in addition to a Big W discount department store, a Hoyts Cinema complex and three supermarkets. The centre opened a new Coles Supermarket in 2022.
Westfield Penrith is owned jointly with, and managed by Scentre Group.
Key Metrics as at 31 December 2022
General
Ownership Interest 50% GPT Co-Owners 50% Scentre Group Acquired June 1971 Asset Type Super Regional Construction Completed 1971 Latest Refurbishment/Development 2022 Coles Supermarket Precinct Traditional Custodians Traditional land of the Darug people
Current Valuation
Fair Value GPT $694.5m Capitalisation Rate 5.00% Valuation Type Independent
Centre Details
Total GLA 91,200 sqm Number of Tenancies 321 Car Parking Spaces 3,521 Retail Occupancy 99.5%
Sales Information
| Sales Turnover per Square Metre Occupancy Costs Annual Centre Turnover |
Total Centre Specialties |
|---|---|
| $8,057 $12,446 12.5% 17.5% $665.9m |
Key Tenants
| Key Tenants | |
|---|---|
| Myer Big W Hoyts Coles Woolworths Supermarket Aldi |
Area(sqm) |
| 20,110 8,740 4,790 3,990 3,800 1,610 |
Sustainability
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
15
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
RETAIL PORTFOLIO
Chirnside Park
Victoria
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 113 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 2022
General Ownership Interest 100% GWSCF Acquired March 2007 Asset Type Regional Construction Completed 1979 Latest Refurbishment/Development 2017 (Existing Centre Upgrades) Traditional Custodians Traditional land of the Wurundjeri people
Current Valuation Fair Value $289.5m Capitalisation Rate 5.88% Valuation Type Independent
Centre Details
Total GLA 38,800 sqm Number of Tenancies 113 Car Parking Spaces 2,017 Retail Occupancy 100%
Sales Information
| Sales Turnover per Square Metre Occupancy Costs Annual Centre Turnover |
Total Centre Specialties |
|---|---|
| $9,269 $12,912 6.9% 15.3% $330.7m |
Key Tenants
| Key Tenants | |
|---|---|
| Kmart Target Woolworths Supermarket Reading Cinemas Coles Aldi |
Area(sqm) |
| 7,800 4,770 4,180 3,500 3,290 1,520 |
Sustainability
Chirnside Park is certified carbon neutral using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol.
In 2022, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 3 kilograms of CO2-e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
17
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
RETAIL PORTFOLIO
Macarthur Square
New South Wales
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 324 tenancies including a David Jones department store, two discount department stores, three supermarkets, a variety of specialty stores and a cinema entertainment offer.
The centre also includes international retailers H&M, JD Sport, Sephora and Uniqlo which opened in 2022.
Macarthur Square is jointly owned with Australian Prime Property Fund Retail and is managed by Lendlease.
Key Metrics as at 31 December 2022
General
Ownership Interest 50% GWSCF Co-Owners 50% Australian Prime Property Fund Retail Acquired March 2007 Asset Type Super Regional Construction Completed 1979 Latest Refurbishment/Development 2017 (Centre Expansion) Traditional Custodians Traditional land of the Dharawal people
Current Valuation
Fair Value GWSCF $517.5m Capitalisation Rate 5.25% Valuation Type Independent
Centre Details
Total GLA 108,300 sqm Number of Tenancies 324 Car Parking Spaces 4,124 Retail Occupancy 99.3%
Sales Information
| Sales Information | |
|---|---|
| Sales Turnover per Square Metre Occupancy Costs Annual Centre Turnover Key Tenants |
Total Centre Specialties |
| $7,081 $10,024 9.7% 14.4% $697.0m |
|
| Big W David Jones Event Cinemas Target Coles Woolworths Supermarket Aldi |
Area(sqm) |
| 8,790 6,910 6,090 5,360 4,710 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 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
19
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
RETAIL PORTFOLIO
Northland Shopping Centre
Victoria
Northland Shopping Centre, Victoria
Northland Shopping Centre is located in East Preston, 11 kilometres north of Melbourne’s CBD.
The centre incorporates 278 tenancies including a Myer department store, two discount department stores, three supermarkets and a cinema entertainment offer. The centre also includes several international retailers including H&M, Uniqlo, JD Sport and Sephora. The centre is located in a rapidly growing trade area supported by strong income growth.
Northland Shopping Centre is jointly owned with, and managed by Vicinity Centres.
Key Metrics as at 31 December 2022
General
Ownership Interest 50% GWSCF Co-Owners 50% Vicinity Centres Acquired May 2014 Asset Type Super Regional Construction Completed 1966 Latest Refurbishment/Development 2014 (Centre Expansion) Traditional Custodians Traditional land of the Wurundjeri people
Current Valuation Fair Value GWSCF $417.5m Capitalisation Rate 5.63% Valuation Type Independent
Centre Details
Total GLA 97,800 sqm Number of Tenancies 278 Car Parking Spaces 4,640 Retail Occupancy 99.0%
Sales Information
| Sales Turnover per Square Metre Occupancy Costs Annual Centre Turnover |
Total Centre Specialties |
|---|---|
| $6,749 $10,306 10.0% 14.7% $607.1m |
Key Tenants
| Key Tenants | |
|---|---|
| Myer Target Hoyts Kmart Coles Woolworths Supermarket Aldi |
Area(sqm) |
| 18,510 6,890 6,530 6,500 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 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
21
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
RETAIL PORTFOLIO
Parkmore Shopping Centre
Victoria
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 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 125 tenancies including two discount department stores and two supermarkets as well as a strong convenience and service offering.
Key Metrics as at 31 December 2022
General
Ownership Interest 100% GWSCF Acquired March 2007 Asset Type Regional Construction Completed 1973 Latest Refurbishment/Development 2007 (Centre Expansion) Traditional Custodians Traditional land of the Bunurong people
Current Valuation
Fair Value $296.0m Capitalisation Rate 5.75% Valuation Type Independent
Centre Details
Total GLA 36,900 sqm Number of Tenancies 125 Car Parking Spaces 2,519 Retail Occupancy 99.8%
Sales Information
| Sales Information | |
|---|---|
| Sales Turnover per Square Metre Occupancy Costs Annual Centre Turnover |
Total Centre Specialties |
| $8,321 $10,917 7.9% 14.1% $280.2m |
Key Tenants
| Key Tenants | |
|---|---|
| Kmart Big W Coles Woolworths Supermarket |
Area(sqm) |
| 8,390 6,670 3,850 3,490 |
Sustainability
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
23
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
RETAIL PORTFOLIO
Charlestown Square, NSW
==> picture [93 x 6] intentionally omitted <==
----- Start of picture text -----
24 RETAIL PORTFOLIO
----- End of picture text -----
==> picture [151 x 143] intentionally omitted <==
==> picture [143 x 29] intentionally omitted <==
----- Start of picture text -----
Office Portfolio
----- End of picture text -----
==> picture [113 x 12] intentionally omitted <==
----- Start of picture text -----
Annual Result 2022
----- End of picture text -----
Australia Square 264 George Street, Sydney
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 retail complex and an external plaza courtyard.
Key Metrics as at 31 December 2022
General Ownership Interest 50% GPT Co-Owner 50% Dexus Acquired (by GPT) September 1981 Asset Quality A Grade Construction/Refurbishment Completed 1967/Refurbished 2004 Traditional Custodians Traditional land of the Gadigal people of the Eora nation
| Property Details | |
|---|---|
| Offce | 51,800 sqm |
| Retail | 1,600 sqm |
| Car Parking Spaces | 372 |
| Typical Floor Plate | 1,030 sqm |
| Offce Tenant Details | |
| Number of Offce Tenants | 92 |
| WALE (by income) | 3.1 years |
Current Valuation
Fair Value $627.8m Capitalisation Rate 5.08% Valuation Type Independent
Office Occupancy
| Offce Occupancy | |
|---|---|
| Actual | 93.0% |
| Including Signed Leases | 93.3% |
| Including Heads of Agreement | 93.4% |
| Key Tenants | |
|---|---|
| HWL Ebsworth Dexus |
Area(sqm) |
| 7,230 4,420 |
Lease Expiry Profile (by Income)
==> picture [482 x 110] intentionally omitted <==
----- Start of picture text -----
30%
19%
15% 14%
11%
9%
2%
0% 0% 0% 0%
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033+
----- End of picture text -----
Sustainability
Australia Square Tower is certified carbon neutral using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol. Australia Square Plaza is operating carbon neutral and will be certified in 2023.
| NABERS Rating Tower Plaza Energy Rating1 5.0 5.5 Water rating 4.5 5.0 Waste rating 3.5 3.5 Indoor Environment rating 4.5 4.5 |
Building Certifcations Tower Plaza |
|---|---|
| Climate Active Carbon Neutral certifed — Green Star Performance 5 Star 5 Star Green Star Design & As Built — — |
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
- Following the announcement by NABERS Office of the retirement of NABERS Energy with GreenPower ratings in 2022, GPT will no longer report NABERS Energy with GreenPower ratings from Dec 2022.
27
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
OFFICE PORTFOLIO
2 Park Street Sydney
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, which is connected to Town Hall Station, offering easy access to public transport across all areas of the Sydney CBD.
Key Metrics as at 31 December 2022
==> picture [540 x 318] intentionally omitted <==
----- Start of picture text -----
General Current Valuation
Ownership Interest 50% GPT Fair Value $830.0m
Co-Owner 50% Charter Hall Office Trust Capitalisation Rate 4.75%
Acquired (by GPT) December 2001 Valuation Type Independent
Asset Quality Premium Grade
Construction/Refurbishment Completed 2000
Traditional Custodians Traditional land of the Gadigal people of the
Eora nation
Property Details Office Occupancy
Office 73,400 sqm Actual 82.5%
Retail 500 sqm Including Signed Leases 87.2%
Car Parking Spaces 270 Including Heads of Agreement 88.7%
Typical Floor Plate 1,770 sqm
Office Tenant Details Key Tenants
Number of Office Tenants 22 Area (sqm)
WALE (by income) 3.7 years Amazon Web Services 28,810
Citibank 13,280
Lease Expiry Profile (by Income)
44%
28%
16%
7% 5%
0% 0% 0% 0% 0% 0%
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033+
----- End of picture text -----
Sustainability
2 Park Street is certified carbon neutral using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol.
In 2022, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 2 kilograms of CO2-e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.
| NABERS Rating Energy rating1 5.0 Water rating 4.5 Waste rating 3.5 Indoor Environment rating — |
Building Certifcations |
|---|---|
| Climate Active Carbon Neutral certifed Green Star Performance 6 Star Green Star Design & As Built — |
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
- Following the announcement by NABERS Office of the retirement of NABERS Energy with GreenPower ratings in 2022, GPT will no longer report NABERS Energy with GreenPower ratings from Dec 2022.
29
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
OFFICE PORTFOLIO
Darling Park 1 & 2 and Cockle Bay Wharf 201 Sussex Street, Sydney
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. Office floor plates are large and efficient, with expansive water views.
Key Metrics as at 31 December 2022
| Key Metrics as at 31 December 2022 | Key Metrics as at 31 December 2022 | Key Metrics as at 31 December 2022 | Key Metrics as at 31 December 2022 | Key Metrics as at 31 December 2022 | Key Metrics as at 31 December 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| General | Current Valuation | ||||||||||||
| Ownership Interest 25% GPT Co-Owners 50% GWOF, 25% MWOF Acquired (by GPT) August 2019 Asset Quality Premium Grade Construction/Refurbishment Tower 1: Completed 1994/Refurbished 2022 Tower 2: Completed 1999/Refurbished 2018 Traditional Custodians Traditional land of the Gadigal people of the Eora nation Property Details |
Fair Value Capitalisation Rate Valuation Type Offce Occupancy |
$550.3m (25% GPT) DP1: 5.00%, DP2: 4.75% Independent |
|||||||||||
| Offce 101,800 sqm Retail 9,800 sqm Car Parking Spaces 642 Typical Floor Plate 1,900 sqm Offce Tenant Details |
Actual Including Signed Leases Including Heads of Agreement Key Tenants |
DP1: 62.9%, DP1: 62.9%, DP1: 62.9%, |
DP2: 97.9% DP2: 97.9% DP2: 97.9% |
||||||||||
| Number of Offce Tenants 13 WALE (by Income) DP1: 2.7 years, DP2: 6.6 years Lease Expiry Profle (by Income) |
CBA IAG |
Area(sqm) | |||||||||||
| 33,170 30,670 |
|||||||||||||
| 3% 45% 9% |
2% | 55% | 0% | 18% | 10% | 0% | 58% | 0% | 0% 2033+ |
||||
| DP1 DP2 2023 2024 |
2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 |
Sustainability
Darling Park 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 2022, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 1 kilograms of CO2-e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.
| NABERS Rating Tower 1 Tower 2 Energy rating1 5.5 5.5 Water rating 4.0 4.5 Waste rating 3.5 3.5 Indoor Environment rating 4.0 4.5 |
Building Certifcations Tower 1 Tower 2 |
|---|---|
| Climate Active Carbon Neutral certifed certifed Green Star Performance 6 Star 6 Star Green Star Design & As Built — — |
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
- Following the announcement by NABERS Office of the retirement of NABERS Energy with GreenPower ratings in 2022, GPT will no longer report NABERS Energy with GreenPower ratings from Dec 2022.
31
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
OFFICE PORTFOLIO
==> picture [123 x 21] intentionally omitted <==
----- Start of picture text -----
Eclipse Tower
----- End of picture text -----
60 Station Street, Parramatta
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. The property is situated in close proximity to Parramatta Square, Westfield Parramatta, Parramatta train station and bus interchange.
Key Metrics as at 31 December 2022
==> picture [540 x 207] intentionally omitted <==
----- Start of picture text -----
General Current Valuation
Ownership Interest 100% GPT Fair Value $244.0m
Acquired (by GPT) September 2018 Capitalisation Rate 5.50%
Asset Quality A Grade Valuation Type Independent
Construction/Refurbishment Completed 2012
Traditional Custodians Traditional land of the Burramattagal clan of the
Darug people
Property Details Office Occupancy
Office 24,900 sqm Actual 59.1%
Retail 600 sqm Including Signed Leases 61.6%
Car Parking Spaces 145 Including Heads of Agreement 61.6%
Typical Floor Plate 1,320 sqm
Office Tenant Details Key Tenants
Number of Office Tenants 9 Area (sqm)
WALE (by income) 3.4 years Government Property NSW 3,970
Landcom 2,650
----- End of picture text -----
Lease Expiry Profile (by Income)
==> picture [482 x 80] intentionally omitted <==
----- Start of picture text -----
27% 26%
21%
8% 10% 9%
0% 0% 0% 0% 0%
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033+
----- End of picture text -----
Sustainability
60 Station Street is certified carbon neutral using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol.
In 2022, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 3 kilograms of CO2-e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.
| NABERS Rating Energy rating¹ 5.0 Water rating 4.0 Waste rating 2.0 Indoor Environment rating — |
Building Certifcations |
|---|---|
| Climate Active Carbon Neutral certifed Green Star Performance — Green Star Design & As Built — |
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
- Following the announcement by NABERS Office of the retirement of NABERS Energy with GreenPower ratings in 2022, GPT will no longer report NABERS Energy with GreenPower ratings from Dec 2022.
33
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
OFFICE PORTFOLIO
32 Smith
Parramatta
32 Smith, Parramatta
32 Smith, Parramatta reached practical completion in January 2021. The 6 Star Green Star Design and As Built office tower features touch free access and lift controls, and an Integrated Communications Network backbone, adaptable for latest technologies and thermal heat mapping sensors.
Key Metrics as at 31 December 2022
General Ownership Interest 100% GPT Acquired (by GPT) March 2017 Asset Quality A Grade Construction/Refurbishment Completed 2021 Traditional Custodians Traditional land of the Burramattagal clan of the Darug people Property Details Office 26,800 sqm Retail 300 sqm Car Parking Spaces 110 Typical Floor Plate 1,350 sqm Office Tenant Details Number of Office Tenants 9 WALE (by income) 7.6 years
==> picture [265 x 203] intentionally omitted <==
----- Start of picture text -----
Current Valuation
Fair Value $346.0m
Capitalisation Rate 5.25%
Valuation Type Independent
Office Occupancy
Actual 84.0%
Including Signed Leases 84.0%
Including Heads of Agreement 84.0%
Key Tenants
Area (sqm)
QBE 13,620
Space&Co 2,050
----- End of picture text -----
Lease Expiry Profile (by Income)
==> picture [483 x 94] intentionally omitted <==
----- Start of picture text -----
70%
14%
1% 0% 0% 2% 0% 6% 5% 3% 0%
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033+
----- End of picture text -----
Sustainability
32 Smith is certified carbon neutral using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol.
In 2022, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 2 kilograms of CO2-e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.
| NABERS Rating Energy rating1 5.5 Water rating 5.5 Waste rating 2.0 Indoor Environment rating — |
Building Certifcations |
|---|---|
| Climate Active Carbon Neutral certifed Green Star Performance — Green Star Design & As Built 6 Star |
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
- Following the announcement by NABERS Office of the retirement of NABERS Energy with GreenPower ratings in 2022, GPT will no longer report NABERS Energy with GreenPower ratings from Dec 2022.
35
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
OFFICE PORTFOLIO
4 Murray Rose Avenue Sydney Olympic Park
4 Murray Rose Avenue, Sydney Olympic Park
4 Murray Rose Avenue is an A Grade building comprising six levels of office accommodation. Located in Sydney Olympic Park, 4 Murray Rose Avenue was developed by GPT and completed in 2018.
Key Metrics as at 31 December 2022
==> picture [265 x 187] intentionally omitted <==
----- Start of picture text -----
General
Ownership Interest 100% GPT
Acquired (by GPT) May 2002
Asset Quality A Grade
Construction/Refurbishment Completed 2018
Traditional Custodians Traditional land of the Wanngal people
Property Details
Office 15,600 sqm
Retail 100 sqm
Car Parking Spaces 232
Typical Floor Plate 3,010 sqm
Office Tenant Details
Number of Office Tenants 6
WALE (by income) 6.5 years
----- End of picture text -----
==> picture [265 x 198] intentionally omitted <==
----- Start of picture text -----
Current Valuation
Fair Value $146.0m
Capitalisation Rate 5.13%
Valuation Type Independent
Office Occupancy
Actual 100.0%
Including Signed Leases 100.0%
Including Heads of Agreement 100.0%
Key Tenants
Area (sqm)
NSW Rural Fire Service 9,290
Toyota 2,530
----- End of picture text -----
Lease Expiry Profile (by Income)
==> picture [482 x 82] intentionally omitted <==
----- Start of picture text -----
65%
22%
11%
2% 0% 0% 0% 0% 0% 0% 0%
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033+
----- End of picture text -----
Sustainability
4 Murray Rose Avenue is certified carbon neutral using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol.
In 2022, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 3 kilograms of CO2-e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.
| NABERS Rating Energy rating¹ 5.5 Water rating 6.0 Waste rating 1.5 Indoor Environment rating — |
Building Certifcations |
|---|---|
| Climate Active Carbon Neutral certifed Green Star Performance — Green Star Design & As Built 5 Star (Design) |
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
- Following the announcement by NABERS Office of the retirement of NABERS Energy with GreenPower ratings in 2022, GPT will no longer report NABERS Energy with GreenPower ratings from Dec 2022.
37
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
OFFICE PORTFOLIO
62 Northbourne Avenue
Canberra
62 Northbourne Avenue, Canberra
62 Northbourne Avenue comprises six levels of office accommodation with a central atrium providing natural sunlight. The property is located on the eastern side of Northbourne Avenue, a major thoroughfare in Canberra’s CBD and has additional frontage to Mort Street at the rear.
Key Metrics as at 31 December 2022
General
Current Valuation
Ownership Interest 100% GPT Fair Value $53.0m Acquired (by GPT) November 2021 Capitalisation Rate 6.00% Asset Quality A Grade Valuation Type Independent Construction/Refurbishment Completed 1986/Refurbished 2008 Traditional Custodians Traditional land of the Ngunnawal people Property Details Office Occupancy Office 10,200 sqm Actual 100.0% Retail N/A Including Signed Leases 100.0% Car Parking Spaces 109 Including Heads of Agreement 100.0% Typical Floor Plate 1,540 sqm Office Tenant Details Key Tenants Number of Office Tenants 1 Area (sqm) WALE (by income) 3.5 years Commonwealth of Australia 10,200
Lease Expiry Profile (by Income)
| 0% | 0% | 0% 100% |
0% | 0% | 0% | 0% | 0% | 0% 0% |
|
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2024 | 2025 2026 |
2027 | 2028 | 2029 | 2030 | 2031 | 2032 2033+ |
Sustainability
62 Northbourne Avenue has commenced operating on a carbon neutral basis in October 2022, to be certified using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol, in 2023.
Building Certifications
| NABERS Rating Energy rating1 4.5 Water rating — Waste rating — Indoor Environment rating — |
Building Certifcations |
|---|---|
| Climate Active Carbon Neutral — Green Star Performance — Green Star Design & As Built — |
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
- Following the announcement by NABERS Office of the retirement of NABERS Energy with GreenPower ratings in 2022, GPT will no longer report NABERS Energy with GreenPower ratings from Dec 2022.
39
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
OFFICE PORTFOLIO
Melbourne Central Tower
360 Elizabeth Street, Melbourne
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 2022
| Current Valuation | ||
|---|---|---|
| Fair Value | $785.0m | |
| Capitalisation Rate | 5.13% | |
| Valuation Type | Independent | |
| Offce Occupancy | ||
| Actual | 85.8% | |
| Including Signed Leases | 87.3% | |
| Including Heads of Agreement | 87.3% |
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 Wurundjeri people Property Details Office 65,800 sqm Retail 40 sqm Car Parking Spaces 0 Typical Floor Plate 1,480 sqm Office Tenant Details Number of Office Tenants 47 WALE (by income) 5.2 years
==> picture [540 x 168] intentionally omitted <==
----- Start of picture text -----
Office Tenant Details Key Tenants
Number of Office Tenants 47 Area (sqm)
WALE (by income) 5.2 years Members Equity Bank 13,680
Allianz 7,800
Lease Expiry Profile (by Income)
26%
17%
13%
10% 10%
7% 8%
4% 4%
0% 0%
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033+
----- End of picture text -----
Sustainability
Melbourne Central Tower commenced operating on a carbon neutral basis in October 2022, to be certified using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol, in late 2023.
NABERS Rating Building Certifications Energy rating[1] 5.0 Climate Active Carbon Neutral — Water rating 5.5 Green Star Performance — Waste rating N/A Green Star Design & As Built — Indoor Environment rating 5.0
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
- Following the announcement by NABERS Office of the retirement of NABERS Energy with GreenPower ratings in 2022, GPT will no longer report NABERS Energy with GreenPower ratings from Dec 2022.
41
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
OFFICE PORTFOLIO
181 William & 550 Bourke Streets Melbourne
181 William & 550 Bourke Streets, Melbourne
181 William Street & 550 Bourke Street are located in the core of Melbourne’s CBD. 181 William Street is a 26 level office tower, 550 Bourke Street is a 19 level office tower and Goldsbrough Village is 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 2022
| 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 2022 (181 William Street) Traditional Custodians Traditional land of the Wurundjeri people Property Details Offce 76,000 sqm Retail 5,200 sqm Car Parking Spaces 413 Typical Floor Plate 181 William: 1,920 sqm 550 Bourke: 1,510 sqm Offce Tenant Details Number of Offce Tenants 22 WALE (by income) 5.3 years Current Valuation Fair Value Capitalisation Rate Valuation Type Offce Occupancy Actual Including Signed Leases Including Heads of Agreement Key Tenants* IAG State of Victoria |
|
|---|---|
| $456.0m (50% GPT) 5.13% Independent |
|
| 80.6% 84.7% 85.8% |
|
| Area(sqm) | |
| 15,220 12,280 |
Lease Expiry Profile (by Income)
==> picture [482 x 80] intentionally omitted <==
----- Start of picture text -----
23%
21%
10% 11%
7% 7% 8% 6%
3% 4%
0%
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033+
----- End of picture text -----
Sustainability
181 William & 550 Bourke Streets are certified carbon neutral using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol.
In 2022, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 6 kilograms of CO2-e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.
| NABERS Rating Energy rating1 5.0/4.5 Water rating 5.5/5.0 Waste rating 3.5 Indoor Environment rating 4.0/4.0 |
Building Certifcations 181 William St 550 Bourke St |
|---|---|
| Climate Active Carbon Neutral certifed certifed Green Star Performance — 4 star Green Star Design & As Built 5 Star 5 Star |
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
- Following the announcement by NABERS Office of the retirement of NABERS Energy with GreenPower ratings in 2022, GPT will no longer report NABERS Energy with GreenPower ratings from Dec 2022. NABERS Energy and Water Ratings are for 181 William Street. 550 Bourke Street was not rateable due to a major refurbishment. * Landlord operated flexible space of 2,992 sqm excluded from occupancy metrics.
43
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
OFFICE PORTFOLIO
One One One Eagle Street
Brisbane
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 2022
==> picture [540 x 323] intentionally omitted <==
----- Start of picture text -----
General Current Valuation
Ownership Interest 33.33% GPT Fair Value $330.0m (33.33% GPT)
Co-Owners 66.67% GWOF Capitalisation Rate 5.13%
Acquired (by GPT) October 2008 Valuation Type Independent
Asset Quality Premium Grade
Construction/Refurbishment Completed 2012
Traditional Custodians Traditional land of the Yuggera people and
the Turrbul people
Office Occupancy
Property Details
Actual 94.6%
Office 63,700 sqm Including Signed Leases 95.2%
Retail 300 sqm
Including Heads of Agreement 97.4%
Car Parking Spaces 114
Typical Floor Plate 1,450 sqm
Key Tenants
Office Tenant Details
Area (sqm)
Number of Office Tenants 28 EY 7,500
WALE (by income) 4.9 years
ANZ 7,130
Lease Expiry Profile (by Income)
49%
9% 12% 10% 7% 11%
2% 1% 0% 0% 0%
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033+
----- End of picture text -----
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 2022, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 18 kilograms of CO2-e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.
| NABERS Rating | |
|---|---|
| Energy rating¹ | 6.0 |
| Water rating | 5.5 |
| Waste rating | 3.5 |
| Indoor Environment rating | 4.5 |
| Building Certifcations | |
|---|---|
| Climate Active Carbon Neutral | certifed |
| Green Star Performance | — |
| Green Star Design & As Built | 6 Star |
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
- Following the announcement by NABERS Office of the retirement of NABERS Energy with GreenPower ratings in 2022, GPT will no longer report NABERS Energy with GreenPower ratings from Dec 2022.
45
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
OFFICE PORTFOLIO
Liberty Place
161 Castlereagh Street, Sydney
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 2022
| 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 | |
| Offce | 56,400 sqm |
| Retail | 2,900 sqm |
| Car Parking Spaces | 144 |
| Typical Floor Plate | 1,630 sqm |
| Offce Tenant Details | |
| Number of Offce Tenants | 13 |
| WALE (by income) | 6.9 years |
| Current Valuation | |
|---|---|
| Fair Value Capitalisation Rate Valuation Type Offce Occupancy |
$750.0m 4.63% Independent |
| Actual Including Signed Leases Including Heads of Agreement Key Tenants |
92.0% 97.1% 97.1% |
| ANZ Herbert Smith Freehills |
Area(sqm) |
| 22,600 15,560 |
Lease Expiry Profile (by Income)
==> picture [482 x 87] intentionally omitted <==
----- Start of picture text -----
38%
32%
8% 8% 9%
4%
0% 0% 0% 0% 0%
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033+
----- End of picture text -----
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 2022, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 5 kilograms of CO2-e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.
| NABERS Rating Energy rating1 5.0 Water rating 4.5 Waste rating 3.5 Indoor Environment rating — |
Building Certifcations |
|---|---|
| Climate Active Carbon Neutral certifed Green Star Performance 6 Star Green Star Design & As Built 6 Star |
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
- Following the announcement by NABERS Office of the retirement of NABERS Energy with GreenPower ratings in 2022, GPT will no longer report NABERS Energy with GreenPower ratings from Dec 2022.
47
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
OFFICE PORTFOLIO
Darling Park 3 201 Sussex Street, Sydney
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 2022
==> picture [540 x 200] intentionally omitted <==
----- Start of picture text -----
General Current Valuation
Ownership Interest 100% GWOF Fair Value $582.0m
Acquired (by GWOF) July 2006 Capitalisation Rate 4.88%
Asset Quality Premium Grade Valuation Type Independent
Construction/Refurbishment Completed 2005/Refurbished 2017
Traditional Custodians Traditional land of the Gadigal people
of the Eora nation
Property Details Office Occupancy
Office 29,800 sqm Actual 95.0%
Retail 30 sqm Including Signed Leases 100.0%
Car Parking Spaces 137 Including Heads of Agreement 100.0%
Typical Floor Plate 1,500 sqm
Office Tenant Details Key Tenants
Number of Office Tenants 6 Area (sqm)
WALE (by income) 3.7 years Rabobank 7,560
NTT 7,470
----- End of picture text -----
Lease Expiry Profile (by Income)
==> picture [482 x 83] intentionally omitted <==
----- Start of picture text -----
28% 29%
24%
12%
5%
2%
0% 0% 0% 0% 0%
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033+
----- End of picture text -----
Sustainability
Darling Park 3 is certified carbon neutral using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol.
In 2022, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 2 kilograms of CO2-e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.
| NABERS Rating Energy rating1 5.5 Water rating 4.5 Waste rating 4.5 Indoor Environment rating 4.5 |
Building Certifcations |
|---|---|
| Climate Active Carbon Neutral certifed Green Star Performance 6 Star Green Star Design & As Built — |
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
- Following the announcement by NABERS Office of the retirement of NABERS Energy with GreenPower ratings in 2022, GPT will no longer report NABERS Energy with GreenPower ratings from Dec 2022.
49
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
OFFICE PORTFOLIO
580 George Street
Sydney
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 and is linked by a pedestrian underpass to Town Hall Station. The building features a number of healthy building initiatives including touch free lift and access enablement as well as improved air quality through air filtration upgrades and ultraviolet air purification.
Key Metrics as at 31 December 2022
==> picture [540 x 200] intentionally omitted <==
----- Start of picture text -----
General Current Valuation
Ownership Interest 100% GWOF Fair Value $677.5m
Acquired (by GWOF) July 2006 Capitalisation Rate 5.13%
Asset Quality A Grade Valuation Type Independent
Construction/Refurbishment Completed 1988/Refurbished 2002/2015
Traditional Custodians Traditional land of the Gadigal people of the
Eora nation
Property Details Office Occupancy
Office 37,100 sqm Actual 100.0%
Retail 4,300 sqm Including Signed Leases 100.0%
Car Parking Spaces 141 Including Heads of Agreement 100.0%
Typical Floor Plate 1,300 sqm
Office Tenant Details Key Tenants
Number of Office Tenants 27 Area (sqm)
WALE (by income) 3.3 years Uber 3,890
ELMO Software 3,830
----- End of picture text -----
Lease Expiry Profile (by Income)
==> picture [482 x 84] intentionally omitted <==
----- Start of picture text -----
27%
23%
19%
16%
9%
5%
2%
0% 0% 0% 0%
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033+
----- End of picture text -----
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 2022, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 3 kilograms of CO2-e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.
| NABERS Rating Energy rating1 5.5 Water rating 4.5 Waste rating 3.5 Indoor Environment rating 5.5 |
Building Certifcations |
|---|---|
| Climate Active Carbon Neutral certifed Green Star Performance – Green Star Design & As Built – |
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
- Following the announcement by NABERS Office of the retirement of NABERS Energy with GreenPower ratings in 2022, GPT will no longer report NABERS Energy with GreenPower ratings from Dec 2022.
51
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
OFFICE PORTFOLIO
workplace[6]
48 Pirrama Road, Sydney
workplace[6] , 48 Pirrama Road, Sydney
workplace[6] is a waterfront A Grade six level office building achieving world leading standards in environmental design and resource efficiency. 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 2022
| Key Metrics as at 31 December 2022 | ||
|---|---|---|
| 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 Offce 16,300 sqm Retail 1,900 sqm Car Parking Spaces 135 Typical Floor Plate 3,620 sqm Offce Tenant Details Number of Offce Tenants 1 WALE (by income) 5.9 years |
Current Valuation | |
| Fair Value Capitalisation Rate Valuation Type Offce Occupancy |
$342.0m 4.88% Independent |
|
| Actual Including Signed Leases Including Heads of Agreement Key Tenants |
100.0% 100.0% 100.0% |
|
| Area(sqm) | ||
| 16,300 |
Lease Expiry Profile (by Income)
==> picture [482 x 72] intentionally omitted <==
----- Start of picture text -----
100%
0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033+
----- End of picture text -----
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 2022, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 1 kilograms of CO2-e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.
| NABERS Rating Energy rating1 5.5 Water rating 5.5 Waste rating 3.5 Indoor Environment rating 4.5 |
Building Certifcations |
|---|---|
| Climate Active Carbon Neutral certifed Green Star Performance — Green Star Design & As Built 6 Star |
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
- Following the announcement by NABERS Office of the retirement of NABERS Energy with GreenPower ratings in 2022, GPT will no longer report NABERS Energy with GreenPower ratings from Dec 2022.
53
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
OFFICE PORTFOLIO
155 Walker Street North Sydney
155 Walker Street, North Sydney
Located in North Sydney, the site comprises of two existing office buildings at 157 Walker Street which settled in June 2022 and 153 Walker Street structured under a deferred settlement due to occur in 2024. The amalgamated site is approximately 1,930 sqm in a prime North Sydney location and provides the opportunity to create a new Prime Grade office tower targeting up to 45,000 sqm dependent on planning outcomes.
The site benefits from view corridors to the harbour and CBD and is a 2 minute walk from the metro station and a 5 minute walk from the existing North Sydney train station. The Victoria Cross metro station (due to open in 2024) is expected to offer a travel time of 5 minutes to Martin Place in the Sydney CBD.
Key Metrics as at 31 December 2022
General
Ownership Interest 100% GWOF Acquired (by GWOF) June 2022, additional settlement to occur in 2024 Asset Quality B-Grade office (future office development site) Construction/Refurbishment 153 Walker St: Completed in 1973, refurbished in 2017 157 Walker St: Completed in 1971, refurbished in 2020 Traditional Custodians Traditional land of the Cammeraygal people
Current Valuation
Fair Value[2] $85.0m Valuation Type Independent
Office Occupancy
155 Walker Street is held for future development so is not included in portfolio occupancy metrics.
Sustainability
NABERS Rating Energy rating[1] 3.5 Water rating 4.5 Waste rating — Indoor Environment rating —
Building Certifications
Climate Active Carbon Neutral — Green Star Performance — Green Star Design & As Built —
No sustainability data reported due to the asset being held for redevelopment. NABERS ratings are for 157 Walker Street, the existing building held for redevelopment.
- Following the announcement by NABERS Office of the retirement of NABERS Energy with GreenPower ratings in 2022, GPT will no longer report NABERS Energy with GreenPower ratings from Dec 2022. 2. The fair value reflects the value of 157 Walker Street.
55
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
OFFICE PORTFOLIO
81 George Street
Parramatta
81 George Street, Parramatta
Located in the Parramatta CBD, the site consists of multiple adjoining lots totalling approximately 3,060 sqm. Incorporating 81 George Street, 83 George Street and 1 Barrack Lane, the existing improvements comprise a number of low rise commercial buildings.
The site represents a future development opportunity for the fund of approximately 46,000sqm, and when combined with 91 George Street, the collective scheme provides a future pipeline of approximately 120,000sqm across a multistage development.
Key Metrics as at 31 December 2022
General
Ownership Interest 100% GWOF Acquired (by GWOF) December 2021, January 2022, March 2022, May 2022, October 2022 Asset Quality Strata titled, light commercial (future office development site) Construction/Refurbishment Completed 1982, 1989, 1991 Traditional Custodians Traditional land of the Burramattagal clan of the Darug people
Current Valuation
Fair Value $50.0m Valuation Type Independent
Office Occupancy
81 George Street is held for future development so is not included in portfolio occupancy metrics.
Sustainability
No sustainability data reported due to the asset being held for redevelopment.
Note: Artist’s impression of proposed future development site used in both images (subject to DA approval).
OFFICE PORTFOLIO 57
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
91 George Street
Parramatta
91 George Street, Parramatta
Located within the Parramatta CBD the site consists of multiple adjoining lots. 87-89 George Street existing improvements comprise a single storey warehouse-showroom with a mechanic workshop and onsite parking to the rear. 91 George Street comprises a 7-storey office building with basement and rear car parking. The site also incorporates Lot 1 and 2 of 85 George Street, a historic sandstone cottage and heritage stables.
The site represents a future development opportunity for the fund of approximately 75,000 sqm, and when combined with 81 George Street, the collective scheme provides a future pipeline of approximately 120,000 sqm across a multi stage development.
Key Metrics as at 31 December 2022
General
Ownership Interest 100% GWOF Acquired (by GWOF) June 2020, September 2020, December 2021 Asset Quality Light commercial (future office development site) Construction/Refurbishment 1841 (restored 1991), 1985 Traditional Custodians Traditional land of the Burramattagal clan of the Darug people
Current Valuation
Fair Value $73.5m Valuation Type Independent
Office Occupancy
91 George Street is held for future development so is not included in portfolio occupancy metrics.
Sustainability
No sustainability data reported due to the asset being held for redevelopment.
Note: Artist’s impression of proposed future development site used in both images (subject to DA approval).
OFFICE PORTFOLIO 59
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
2 Southbank Boulevard
Melbourne
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 of office accommodation providing CBD and water views.
Key Metrics as at 31 December 2022
==> picture [540 x 296] intentionally omitted <==
----- Start of picture text -----
General Current Valuation
Ownership Interest 100% GWOF Fair Value $713.0m
Acquired (by GWOF) June 2014 (50%) and March 2019 (50%) Capitalisation Rate 5.00%
Asset Quality Premium Grade Valuation Type Independent
Construction/Refurbishment Completed 2008/Refurbished 2018
Traditional Custodians Traditional land of the Wurundjeri people
Property Details Office Occupancy
Office 53,900 sqm Actual 93.2%
Retail 800 sqm Including Signed Leases 94.4%
Car Parking Spaces 537 Including Heads of Agreement 96.8%
Typical Floor Plate 1,860 sqm
Office Tenant Details Key Tenants
Number of Office Tenants 33 Area (sqm)
WALE (by income) 4.3 years Ausnet Services 7,690
CUB 6,390
Lease Expiry Profile (by Income)
22%
16% 16% 15%
11%
8%
3% 4% 2% 2%
0%
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033+
----- End of picture text -----
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 2022, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 6 kilograms of CO2-e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.
| NABERS Rating Energy rating¹ 5.0 Water rating 5.0 Waste rating 3.0 Indoor Environment rating 5.0 |
Building Certifcations |
|---|---|
| Climate Active Carbon Neutral certifed Green Star Performance 6 Star Green Star Design & As Built — |
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
- Following the announcement by NABERS Office of the retirement of NABERS Energy with GreenPower ratings in 2022, GPT will no longer report NABERS Energy with GreenPower ratings from Dec 2022.
61
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
OFFICE PORTFOLIO
8 Exhibition Street
Melbourne
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 2022
==> picture [540 x 313] intentionally omitted <==
----- Start of picture text -----
General Current Valuation
Ownership Interest 50% GWOF Fair Value $307.5m
Co-Owner 50% KREIT Capitalisation Rate 5.00%
Acquired (by GWOF) April 2013 Valuation Type Independent
Asset Quality Premium Grade
Construction/Refurbishment Completed 2005/Refurbished 2020
Traditional Custodians Traditional land of the Wurundjeri people
Property Details Office Occupancy
Office 44,500 sqm Actual 94.3%
Retail 100 sqm Including Signed Leases 94.3%
Car Parking Spaces 0 Including Heads of Agreement 94.3%
Typical Floor Plate 1,620 sqm
Office Tenant Details Key Tenants
Number of Office Tenants 21 Area (sqm)
WALE (by income) 3.2 years EY 14,940
Amazon Web Services 4,860
Lease Expiry Profile (by Income)
38%
18% 20%
13%
8%
2%
0% 0% 0% 0% 0%
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033+
----- End of picture text -----
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 2022, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 5 kilograms of CO2-e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.
| NABERS Rating Energy rating1 5.0 Water rating 5.0 Waste rating 2.5 Indoor Environment rating 5.5 |
Building Certifcations |
|---|---|
| Climate Active Carbon Neutral certifed Green Star Performance — Green Star Design & As Built — |
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
- Following the announcement by NABERS Office of the retirement of NABERS Energy with GreenPower ratings in 2022, GPT will no longer report NABERS Energy with GreenPower ratings from Dec 2022.
63
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
OFFICE PORTFOLIO
51 Flinders Lane Melbourne
51 Flinders Lane, Melbourne
51 Flinders Lane is a new office development with completion expected in late 2025. The project will incorporate 28,300 sqm of prime office space and a 1,200 sqm GLA retail laneway precinct linking Flinders Street to Flinders Lane in Melbourne's iconic east end.
51 Flinders Lane will be constructed to market leading design credentials including targeting a 6 Star Green Star Design & As Built rating from the Green Building Council of Australia, a WELL Platinum Rating for tenant health and wellbeing, a 6 Star NABERS Energy Rating (with GreenPower), and Climate Active for Buildings carbon neutral certification when completed.
Key Metrics as at 31 December 2022
General
Ownership Interest 100% GWOF Acquired (by GWOF) August 2018 Asset Quality Development underway Construction/Refurbishment Completed 1998 Traditional Custodians Traditional land of the Wurundjeri people
Current Valuation
Fair Value $93.4m Valuation Type Independent
Office Occupancy
51 Flinders Lane is an underway development so is not included in portfolio occupancy metrics.
Sustainability
51 Flinders Lane is registered for a Green Star Design & As Built rating, has committed to achieve carbon neutral certification for its base building upfront carbon emissions and has received design phase achievement against the Climate Active carbon neutral standard for products and services using Green Star.
Note: Artist’s impression of proposed future development site used in both images.
OFFICE PORTFOLIO 65
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
Queen & Collins Melbourne
Queen & Collins, Melbourne
Queen & Collins comprises a 34 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 prestigious Collins Street location and is situated within close proximity to the retail core and nearby transport linkages. The redevelopment offers high quality office space in a building of unique character and delivers distinctive tenant experiences and excellent sustainability outcomes.
Key Metrics as at 31 December 2022
General Ownership Interest 100% GWOF Acquired (by GWOF) December 2016 Asset Quality A Grade Construction/Refurbishment Completed 1993 (Office Tower)/Refurbished 2021 Traditional Custodians Traditional land of the Wurundjeri people Property Details Office 33,600 sqm Retail 1,300 sqm Car Parking Spaces 56 Typical Floor Plate Podium: 1,320 sqm, Tower: 910 sqm Office Tenant Details Number of Office Tenants 17 WALE (by income) 5.2 years
| Current Valuation | |
|---|---|
| Fair Value Capitalisation Rate Valuation Type Offce Occupancy* |
$546.0m 4.88% Independent |
| Actual Including Signed Leases Including Heads of Agreement Key Tenants |
60.4% 67.8% 72.2% |
| Afterpay Judo Bank |
Area(sqm) |
| 4,800 2,740 |
Lease Expiry Profile (by Income)
| Expiry Profle (by Income) | ||
|---|---|---|
| 8% 2% 6% 33% 7% |
0% 21% 9% 4% |
0% 9% |
| 2023 2024 2025 2026 2027 |
2028 2029 2030 2031 |
2032 2033+ |
Sustainability
Queen & Collins is certified carbon neutral using the NABERS verification pathway of Climate Active for Buildings, in alignment with the international Greenhouse Gas Protocol.
In 2022, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 12 kilograms of CO2-e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.
NABERS Rating Building Certifications Energy rating[1] N/A Climate Active Carbon Neutral certified Water rating N/A Green Star Performance — Waste rating N/A Green Star Design & As Built 6 Star Indoor Environment rating N/A
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
- Following the announcement by NABERS Office of the retirement of NABERS Energy with GreenPower ratings in 2022, GPT will no longer report NABERS Energy with GreenPower ratings from Dec 2022. * Landlord operated flexible space of 1,352sqm excluded from occupancy metrics
67
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
OFFICE PORTFOLIO
150 Collins Street
Melbourne
150 Collins Street, Melbourne
150 Collins Street is an A Grade office and retail asset with Premium Grade services featuring 12 levels of office accommodation. The development of 150 Collins Street reached completion in November 2014 and is located in the exclusive ‘Paris’ end of Collins Street.
Key Metrics as at 31 December 2022
==> picture [540 x 193] intentionally omitted <==
----- Start of picture text -----
General Current Valuation
Ownership Interest 100% GWOF Fair Value $265.0m
Acquired (by GWOF) July 2012 Capitalisation Rate 4.88%
Asset Quality A Grade Valuation Type Independent
Construction/Refurbishment Completed 2014
Traditional Custodians Traditional land of the Wurundjeri people
Property Details Office Occupancy
Office 19,100 sqm Actual 100.0%
Retail 800 sqm Including Signed Leases 100.0%
Car Parking Spaces 143 Including Heads of Agreement 100.0%
Typical Floor Plate 1,520 sqm
Office Tenant Details Key Tenants
Number of Office Tenants 5 Area (sqm)
WALE (by income) 3.5 years Westpac 14,600
VECCI 2,800
----- End of picture text -----
Lease Expiry Profile (by Income)
==> picture [509 x 101] intentionally omitted <==
----- Start of picture text -----
79%
15%
5%
2% 0% 0% 0% 0% 0% 0% 0%
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033+
----- End of picture text -----
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 2022, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 6 kilograms of CO2-e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.
| NABERS Rating Energy rating¹ 4.5 Water rating 5.0 Waste rating 3.5 Indoor Environment rating 5.0 |
Building Certifcations |
|---|---|
| Climate Active Carbon Neutral certifed Green Star Performance — Green Star Design & As Built 6 Star |
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
- Following the announcement by NABERS Office of the retirement of NABERS Energy with GreenPower ratings in 2022, GPT will no longer report NABERS Energy with GreenPower ratings from Dec 2022.
69
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
OFFICE PORTFOLIO
530 Collins Street
Melbourne
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 2022
| General Ownership Interest 100% GWOF Acquired (by GWOF) July 2006 Asset Quality Premium Grade Construction/Refurbishment Completed 1991/Refurbished 2009 and 2021 Traditional Custodians Traditional land of the Wurundjeri people Property Details Offce 65,000 sqm Retail 1,800 sqm Car Parking Spaces 304 Typical Floor Plate Podium: 3,510 sqm, Tower: 1,260 sqm Offce Tenant Details Number of Offce Tenants 27 WALE (by income) 4.4 years Current Valuation Fair Value Capitalisation Rate Valuation Type Offce Occupancy Actual Including Signed Leases Including Heads of Agreement Key Tenants Suncorp Mills Oakley |
|
|---|---|
| $795.0m 5.00% Independent |
|
| 76.7% 76.7% 78.9% |
|
| Area(sqm) | |
| 14,230 5,390 |
Lease Expiry Profile (by Income)
==> picture [482 x 86] intentionally omitted <==
----- Start of picture text -----
28% 27%
11% 10% 12%
6%
3% 1% 0% 0% 2%
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033+
----- End of picture text -----
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 2022, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 3 kilograms of CO2-e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.
Building Certifications
| NABERS Rating Energy rating1 4.5 Water rating 5.0 Waste rating 3.0 Indoor Environment rating 4.0 |
Building Certifcations |
|---|---|
| Climate Active Carbon Neutral certifed Green Star Performance — Green Star Design & As Built — |
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
- Following the announcement by NABERS Office of the retirement of NABERS Energy with GreenPower ratings in 2022, GPT will no longer report NABERS Energy with GreenPower ratings from Dec 2022.
71
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
OFFICE PORTFOLIO
655 Collins Street
Melbourne
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 2022
==> picture [540 x 321] intentionally omitted <==
----- Start of picture text -----
General Current Valuation
Ownership Interest 100% GWOF Fair Value $171.9m
Acquired (by GWOF) May 2014 Capitalisation Rate 5.00%
Asset Quality A Grade Valuation Type Independent
Construction/Refurbishment Completed 2009
Traditional Custodians Traditional land of the Wurundjeri people
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) 6.9 years Nine 16,600
Lease Expiry Profile (by Income)
100%
0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033+
----- End of picture text -----
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 2022, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 9 kilograms of CO2-e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.
| NABERS Rating Energy rating¹ 5.0 Water rating 5.5 Waste rating 2.5 Indoor Environment rating — |
Building Certifcations |
|---|---|
| Climate Active Carbon Neutral certifed Green Star Performance — Green Star Design & As Built 5 Star |
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
- Following the announcement by NABERS Office of the retirement of NABERS Energy with GreenPower ratings in 2022, GPT will no longer report NABERS Energy with GreenPower ratings from Dec 2022.
73
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
OFFICE PORTFOLIO
750 Collins Street
Melbourne
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 sqm 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 sqm, featuring excellent natural light to each elevation.
Key Metrics as at 31 December 2022
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 Wurundjeri people
| Property Details | |
|---|---|
| Offce | 41,400 sqm |
| Retail | N/A |
| Car Parking Spaces | 422 |
| Typical Floor Plate | 5,660 sqm |
| Offce Tenant Details | |
| Number of Offce Tenants | 1 |
| WALE (by income) | 12.8 years |
Current Valuation
Fair Value $518.0m 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) Monash College 41,400
Lease Expiry Profile (by Income)
| 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% 0% 100% |
|
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 2032 2033+ |
Sustainability
750 Collins Street has achieved a 5 Star Green Star – Design and As Built Rating. The asset is ineligible for NABERS for offices as the tenant has responsibility for management of the building as an education facility.
75
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
OFFICE PORTFOLIO
800/808 Bourke Street
Melbourne
800/808 Bourke Street, Melbourne
800 & 808 Bourke Street were completed in 2004 and 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 2022
| General Ownership Interest 100% GWOF Acquired (by GWOF) July 2006 Asset Quality A Grade Construction/Refurbishment Completed 2004 Traditional Custodians Traditional land of the Wurundjeri people Property Details Offce 60,100 sqm Retail 1,300 sqm Car Parking Spaces 416 Typical Floor Plate 3,500 sqm Offce Tenant Details Number of Offce Tenants 2 WALE (by income) 6.5 years |
Current Valuation | |
|---|---|---|
| Fair Value Capitalisation Rate Valuation Type Offce Occupancy |
$597.0m 5.00% Independent |
|
| Actual Including Signed Leases Including Heads of Agreement Key Tenants |
100.0% 100.0% 100.0% |
|
| NAB Commonwealth of Australia |
Area(sqm) | |
| 35,300 24,830 |
Lease Expiry Profile (by Income)
| 0% | 0% | 0% | 0% 59% |
60% | 0% | 0% | 0% 41% 0% |
|
|---|---|---|---|---|---|---|---|---|
| 2023 | 2024 | 2025 | 2026 2027 |
2028 | 2029 | 2030 | 2031 2032 2033+ |
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 2022, investment in both carbon offsets and carbon removal projects delivered a net positive impact on the environment, removing an additional 5 kilograms of CO2-e per square metre (Scope 1 & 2) beyond those required for carbon neutral certification.
| NABERS Rating Energy rating¹ 5.0 Water rating 6.0 Waste rating N/A Indoor Environment rating — |
Building Certifcations |
|---|---|
| Climate Active Carbon Neutral certifed Green Star Performance — Green Star Design & As Built — |
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
- Following the announcement by NABERS Office of the retirement of NABERS Energy with GreenPower ratings in 2022, GPT will no longer report NABERS Energy with GreenPower ratings from Dec 2022.
77
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
OFFICE PORTFOLIO
Riverside Centre
123 Eagle Street, Brisbane
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 2022
| 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 Yuggera people and |
| the Turrbul people | |
| Property Details | |
| Offce | 51,200 sqm |
| Retail | 4,500 sqm |
| Car Parking Spaces | 497 |
| Typical Floor Plate | 1,500 sqm |
| Offce Tenant Details | |
| Number of Offce Tenants | 45 |
| WALE (by income) | 5.0 years |
| Current Valuation | |
|---|---|
| Fair Value Capitalisation Rate Valuation Type Offce Occupancy |
$769.0m 5.25% Independent |
| Actual Including Signed Leases Including Heads of Agreement Key Tenants |
99.2% 99.5% 99.5% |
| Deloitte Westpac Group |
Area(sqm) |
| 7,890 6,720 |
Lease Expiry Profile (by Income)
==> picture [482 x 97] intentionally omitted <==
----- Start of picture text -----
26%
22%
18%
10%
7% 8%
4%
3% 2%
0% 0%
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033+
----- End of picture text -----
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.
NABERS Rating
Building Certifications
| NABERS Rating | Building Certifcations | ||
|---|---|---|---|
| Energy rating¹ | 5.0 | Climate Active Carbon Neutral | certifed |
| Water rating | 4.0 | Green Star Performance | — |
| Waste rating | 5.0 | Green Star Design & As Built | — |
| Indoor Environment rating | — |
Note: Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability . Data is current to 31 December 2022 assured according to Global Reporting Initiative (GRI) Sustainability Reporting Standards and the Greenhouse Gas Protocol. Ratings are as at 31 December 2022.
- Following the announcement by NABERS Office of the retirement of NABERS Energy with GreenPower ratings in 2022, GPT will no longer report NABERS Energy with GreenPower ratings from Dec 2022.
79
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
OFFICE PORTFOLIO
==> picture [150 x 143] intentionally omitted <==
Logistics Portfolio
Annual Result 2022
New South Wales
==> picture [473 x 268] intentionally omitted <==
----- Start of picture text -----
14 M7
Penrith
Glendenning 15
Blacktown 10
13 Seven Hills M2
A40
M4 A6
A44 3 Huntingwood A28
Erskine Park
2 M4 Parramatta A3
1
A9 EasternCreek A28 A44 Silverwater6 7 A3 A40 A1
Newington
4 Smithfield 8
M12 Wetherill 5 Yennora A6 Sydney
Kemps Creek M7 Park Olympic Park A4
Badgerys 12 Villawood A22 Sydney
A9 WesternCreek A28 A22 Chullora A22 A36 CBD
Sydney Airport A34 M1
(underway) A34 A6 11 Kingsgrove M8
M5
Sydney
City centres Planned Motorway Airport
A9
Arterial roads Airport Port
9 Minto
Port of
Motorways West Connex Sydney
----- End of picture text -----
-
1 Erskine Park (7 assets)
-
9 Minto (1 asset)
-
2 Eastern Creek (3 assets)
-
10 Seven Hills (1 asset)
-
3 Huntingwood (2 assets)
-
11 Kingsgrove (1 asset) 12 Villawood (1 asset) 13 Blacktown (1 asset) 14 Penrith (1 asset)
-
4 Wetherill Park (1 asset)
-
5 Yennora (2 assets)
-
6 Silverwater (1 asset)
-
7 Newington (1 asset)
-
15 Glendenning (1 asset)
-
8 Sydney Olympic Park (4 assets)
Note:
-
21 Pipeclay Avenue, Thornton not shown as located outside of map area.
-
Rosehill Business Park, Camellia is not shown as is contracted for sale.
==> picture [232 x 131] intentionally omitted <==
----- Start of picture text -----
50 Old Wallgrove Road, Eastern Creek
----- End of picture text -----
==> picture [232 x 132] intentionally omitted <==
----- Start of picture text -----
42 Cox Place, Glendenning
----- End of picture text -----
==> picture [232 x 132] intentionally omitted <==
----- Start of picture text -----
1B Huntingwood Drive, Huntingwood
----- End of picture text -----
81
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
LOGISTICS PORTFOLIO
==> picture [770 x 497] intentionally omitted <==
----- Start of picture text -----
Property Details Current Valuation Logistics Occupancy (By Area)
Inc. Inc. WALE
GPT Site 31 Dec 22 31 Dec 22 Signed Heads of by
Ownership Acquired GLA Area Fair Value Cap Rate Valuation Actual Leases Agreement Income
(%) by GPT (sqm) (ha) ($m) (%) Type (%) (%) (%) (Years) Key Tenants Description
New South Wales
Eastern Creek Traditional land of the Darug people
10 Interchange Drive 100 Aug 2012 15,200 3.0 49.0 4.25 Independent 100.0 100.0 100.0 4.8 Pact Group Modern warehouse/office facility located in the core market of
Eastern Creek. The site benefits from its close proximity to the
M4/M7 Motorway Interchange.
54 Eastern Creek Drive 100 Apr 2016 25,400 5.1 76.5 4.13 Independent 100.0 100.0 100.0 2.1 Silk Logistics Developed by GPT in 2018, the modern warehouse/office facility
is located in the core market of Eastern Creek. The site benefits
from its close proximity to the M4/M7 Motorway Interchange.
50 Old Wallgrove Road 100 Jun 2016 30,100 5.3 101.8 4.25 Independent 100.0 100.0 100.0 4.1 ACR Supply Developed by GPT in 2019, the modern warehouse/office facility
Partners is located in the core market of Eastern Creek. The site benefits
from its close proximity to the M4/M7 Motorway Interchange.
Erskine Park Traditional land of the Darug people
16-34 Templar Road 100 Jun 2008 15,200 4.0 80.8 4.13 Independent 100.0 100.0 100.0 6.5 Goodman Fielder Developed by GPT in 2009, the purpose built warehouse/office
facility is located in the core market of Erskine Park. The site benefits
from its close proximity to the M4/M7 Motorway Interchange.
36-52 Templar Road 100 Jun 2008 24,500 6.2 149.5 4.13 Independent 100.0 100.0 100.0 12.1 Scott's Developed by GPT in 2015, the purpose built warehouse/office
Refrigerated facility is located in the core market of Erskine Park. The site benefits
Logistics from its close proximity to the M4/M7 Motorway Interchange.
54-70 Templar Road 100 Jun 2008 21,000 4.3 201.0 4.25 Independent 100.0 100.0 100.0 12.5 Coles Group Developed by GPT in 2015, the purpose built temperature
controlled facility is located in the core market of Erskine
Park. The site benefits from its close proximity to the M4/M7
Motorway Interchange.
67-75 Templar Road 100 Jun 2008 12,800 2.3 41.2 4.25 Independent 100.0 100.0 100.0 4.1 Flexible Logistics Developed by GPT in 2010, the modern warehouse/office facility
is located in the core market of Erskine Park. The site benefits
from its close proximity to the M4/M7 Motorway Interchange.
29-55 Lockwood Road 100 Jun 2008 32,200 8.8 148.0 4.13 Independent 100.0 100.0 100.0 7.0 FedEx Developed by GPT in 2014, the modern warehouse/office facility
is located in the core market of Erskine Park. The site benefits
from its close proximity to the M4/M7 Motorway Interchange.
57-87 & 89-99 100 Jul 2019 37,700 9.2 128.1 4.25 Independent 100.0 100.0 100.0 7.5 Rondo, CSR The asset comprises two modern warehouse/office facilities
Lockwood Road located in the core market of Erskine Park. The site benefits from
its close proximity to the M4/M7 Motorway Interchange.
Penrith Traditional land of the Darug people
128 Andrews Road 100 Jul 2019 50,200 12.1 110.0 4.25 Independent 100.0 100.0 100.0 7.7 Visy Glass Developed by GPT in 2020, the purpose built warehouse/
office facility is strategically located adjacent to the occupier's
manufacturing operations. The site benefits from its close
proximity to the M4, Great Western Highway and Northern Road.
Glendenning Traditional land of the Darug people
42 Cox Place 100 Dec 2019 17,200 3.1 55.3 4.25 Independent 100.0 100.0 100.0 8.2 Total Tyres Developed by GPT in 2021, the warehouse/office facility is located
in the core market of Glendenning. The site benefits from its close
proximity to the M4/M7 Motorway Interchange.
----- End of picture text -----
82
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
LOGISTICS PORTFOLIO
==> picture [770 x 488] intentionally omitted <==
----- Start of picture text -----
Property Details Current Valuation Logistics Occupancy (By Area)
Inc. Inc. WALE
GPT Site 31 Dec 22 31 Dec 22 Signed Heads of by
Ownership Acquired GLA Area Fair Value Cap Rate Valuation Actual Leases Agreement Income
(%) by GPT (sqm) (ha) ($m) (%) Type (%) (%) (%) (Years) Key Tenants Description
New South Wales
Minto Traditional land of the Dharawal people
407 Pembroke Road [1] 50 Oct 2008 15,400 4.6 45.5 4.38 Independent 100.0 100.0 100.0 1.9 Unilever The purpose built, temperature controlled facility is located in the
core market of Minto. The site benefits from its close proximity to
the M5 & M7 motorways.
Newington Traditional land of the Wanngal people
4 Holker Street 100 Mar 2006 7,400 0.7 48.0 5.25 Independent 100.0 100.0 100.0 3.7 TPG Telecom The high-tech data and business recovery centre is located within
close proximity of the Parramatta CBD. The facility has benefited
from significant infrastructure upgrades undertaken by GPT and
the operator throughout its occupation.
Silverwater Traditional land of the Wanngal people
83 Derby Street 100 Aug 2012 17,000 3.2 57.3 4.25 Independent 100.0 100.0 100.0 3.0 IVE Group Warehouse/office facility located in the inner market of Silverwater.
The site benefits from its close proximity to the M4 Motorway.
Sydney Olympic Park Traditional land of the Wanngal people
Sydney Olympic Park 100 Jun 2010/ 9,200 2.1 55.0 N/A Independent — — 73.2 — 3 Figtree Drive and 6 Herb Elliot Avenue are two existing low rise
Town Centre Apr 2013 office facilities. The combined site provides potential future mixed
use redevelopment opportunities being located directly adjacent the
future Sydney Olympic Park Metro Station. Both of these assets are
held as inventory.
Quad 1 100 Jun 2001 4,700 0.9 28.5 6.25 Independent 85.9 85.9 85.9 2.0 Property NSW, High quality office facility located within the integrated office
Tutt Bryant precinct of Sydney Olympic Park, located close to significant
infrastructure and public recreational amenities. The asset
currently holds a 5.5 star NABERS Energy rating and a 4.5 star
NABERS Water rating.
Quad 4 100 Jun 2004 7,600 0.8 61.0 5.50 Independent 100.0 100.0 100.0 9.0 ACPE, Balanced High quality office facility located within the integrated office
Investment precinct of Sydney Olympic Park, located close to significant
Group infrastructure and public recreational amenities. The asset is
leased to an education provider.
Wetherill Park Traditional land of the Darug people
372-374 Victoria Street 100 Jul 2006 20,500 4.1 42.0 5.00 Independent 100.0 100.0 100.0 2.2 Infrabuild Warehouse/office facility located in the inner market of
Wetherill Park. The site benefits from its close proximity to the
Cumberland Highway.
Yennora Traditional land of the Darug people
38 Pine Road 100 Nov 2013 33,200 7.4 107.0 4.50 Independent 100.0 100.0 100.0 4.2 DB Schenker Two modern warehouse/office facilities connected by an integrated
breezeway. Yennora is an inner market that benefits from its close
proximity to the M4 Motorway and Cumberland Highway.
38A Pine Road 100 Nov 2013 4,800 1.1 16.7 4.38 Independent 100.0 100.0 100.0 2.2 Westcon Group Developed by GPT in 2020, the modern warehouse/office facility
is located in the inner market of Yennora, benefiting from its close
proximity to the M4 Motorway and Cumberland Highway.
----- End of picture text -----
- Site area and fair value excludes development land.
83
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
LOGISTICS PORTFOLIO
==> picture [770 x 379] intentionally omitted <==
----- Start of picture text -----
Property Details Current Valuation Logistics Occupancy (By Area)
Inc. Inc. WALE
GPT Site 31 Dec 22 31 Dec 22 Signed Heads of by
Ownership Acquired GLA Area Fair Value Cap Rate Valuation Actual Leases Agreement Income
(%) by GPT (sqm) (ha) ($m) (%) Type (%) (%) (%) (Years) Key Tenants Description
New South Wales
Seven Hills Traditional land of the Darug people
18-24 Abbott Road 100 Oct 2006 18,100 4.0 55.8 4.38 Independent 100.0 100.0 100.0 1.7 Hills, Easy Auto Developed by GPT in 2017, the modern dual tenancy warehouse/
123 office facility is located in the inner market of Seven Hills. The
site benefits from its close proximity to the M7 & M2 motorways.
Huntingwood Traditional land of the Darug people
1A Huntingwood Drive 100 Oct 2016 21,100 3.9 63.5 4.13 Independent 100.0 100.0 100.0 4.6 IVE Group The warehouse/office facility was significantly repositioned by
GPT in 2017. Huntingwood is a core market, benefiting from its
close proximity to the M4 & M7 motorways.
1B Huntingwood Drive 100 Oct 2016 11,300 3.1 35.5 4.13 Independent 100.0 100.0 100.0 2.7 Cahill Transport Developed by GPT in 2018, the modern warehouse/office facility
is located in the core market of Huntingwood. The site benefits
from its close proximity to the M4 & M7 motorways.
Kingsgrove Traditional land of the Bidjigal people
104 Vanessa Street 100 May 2019 7,100 1.2 33.8 4.25 Independent 100.0 100.0 100.0 7.6 Disability The warehouse/office facility is located in the inner market of
Services Kingsgrove. The site benefits from its close proximity to the
Australia M5 Motorway.
Villawood Traditional land of the Darug people
64 Biloela Street 100 May 2019 23,300 3.8 50.5 5.00 Independent 100.0 100.0 100.0 4.5 Pact Group Production/warehouse facility located in the inner market of
Villawood. The site benefits from its close proximity to the
Hume Highway.
Blacktown Traditional land of the Darug people
30-32 Bessemer Street 100 May 2019 20,100 4.5 49.0 4.75 Independent 100.0 100.0 100.0 3.0 Snack Brands Warehouse/office facility located in the inner market of
Australia Blacktown. The site benefits from its close proximity to the M7 &
M2 motorways.
Thornton Traditional land of the Wonnarua people
21 Pipeclay Avenue 100 Nov 2021 1,400 0.5 4.1 4.63 Independent 100.0 100.0 100.0 7.8 COPE Sensitive Modern warehouse facility located approximately 25 kilometres
Freight north-west of Newcastle. The site benefits from its close
proximity to the New England Highway and M1 Motorway.
----- End of picture text -----
84
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
LOGISTICS PORTFOLIO
Victoria
==> picture [473 x 297] intentionally omitted <==
----- Start of picture text -----
Melbourne A58 11 Somerton A58
Airport A39
Campbellfield
City centre
A35 A55 M31
M2 M80 A46 Arterial roads
M79
A40 M80 A45 A27 Motorways
A41 M79 Airport
A40
M80 A35 A40 Port
M2
M8
C702 Derrimut Doncaster
Sunshine A35 M3
4 M80 5
Tarneit 1 2 Truganina 7 A83 8 MelbourneCBD Box Hill A34
Laverton
3 6 Brooklyn
North
AltonaNorth MelbournePort of A24 M1 A26
M1 A23 Glen Waverley
M3 9 Knoxfield
C109 Brighton
Moorabin
A33
A3 Springvale
M1
A10 A23
10 Keysborough
----- End of picture text -----
-
1 Tarneit (1 asset)
-
7 Brooklyn (1 asset)
-
2 Truganina (7 assets)
-
8 Port Melbourne (1 asset)
-
9 Knoxfield (1 asset)
-
3 Laverton North (2 assets)
-
4 Derrimut (2 assets)
-
10 Keysborough (1 asset) 11 Somerton (1 asset)
-
5 Sunshine (1 asset)
-
6 Altona North (1 asset)
Note: Citiport Business Park, Port Melbourne not shown as is contracted for sale.
==> picture [232 x 131] intentionally omitted <==
----- Start of picture text -----
1 Botero Place, Truganina
----- End of picture text -----
==> picture [232 x 132] intentionally omitted <==
----- Start of picture text -----
21 Shiny Drive, Gateway Logistics Hub, Truganina
----- End of picture text -----
==> picture [232 x 132] intentionally omitted <==
----- Start of picture text -----
25 Niton Drive, Gateway Logistics Hub, Truganina
----- End of picture text -----
85
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
LOGISTICS PORTFOLIO
==> picture [770 x 503] intentionally omitted <==
----- Start of picture text -----
Property Details Current Valuation Logistics Occupancy (By Area)
Inc. Inc. WALE
GPT Site 31 Dec 22 31 Dec 22 Signed Heads of by
Ownership Acquired GLA Area Fair Value Cap Rate Valuation Actual Leases Agreement Income
(%) by GPT (sqm) (ha) ($m) (%) Type (%) (%) (%) (Years) Key Tenants Description
Victoria
Port Melbourne Traditional land of the Bunurong people
21-23 Wirraway Drive 100 Mar 2020 7,200 0.8 33.5 4.88 Independent 100.0 100.0 100.0 3.0 Computershare Modern warehouse/office facility located in the inner market
of Port Melbourne. The site benefits from its close proximity
to the Monash and Westgate freeways.
Altona North Traditional land of the Bunurong people
Citiwest Industrial Estate 100 Aug 1994 90,100 20.2 153.9 4.69 Independent 100.0 100.0 100.0 2.4 Super Retail The estate comprises six warehouse/office facilities leased
Group, Dutton to a number of national occupiers. Altona North is an inner
Garage market, benefiting from its close proximity to the Western Ring
Road and Westgate Freeway.
Sunshine Traditional land of the Wurundjeri people
Sunshine Business Estate 100 Jan 2018 52,800 8.9 112.0 4.50 Independent 100.0 100.0 100.0 3.9 IVE Group The estate comprises four modern warehouse/office facilities
and is currently leased to a single occupier. Sunshine is
an inner market, benefiting from its close proximity to the
Western Ring Road and Westgate Freeway.
Brooklyn Traditional land of the Bunurong people
521 Geelong Road 100 Nov 2021 12,600 5.2 52.5 N/A Independent 100.0 100.0 100.0 6.3 Tasman The site currently holds a warehouse/office facility and the 5.2
Logistics hectare site provides long term redevelopment opportunities.
Services Brooklyn is an inner market, providing nearby access to the
Westgate Freeway and Port of Melbourne.
Derrimut Traditional land of the Bunurong people
396 Mount Derrimut Road 100 Nov 2018 10,700 1.9 19.0 4.50 Independent 100.0 100.0 100.0 3.0 Mesh & Bar Modern warehouse/office facility located in the core market
of Derrimut. The site benefits from its close proximity to the
Western Ring Road.
40 Fulton Drive 100 Nov 2021 6,500 2.1 16.8 4.13 Independent 100.0 100.0 100.0 7.8 COPE Sensitive Modern warehouse/office facility located in the core market
Freight of Derrimut. The site benefits from its close proximity to the
Western Ring Road.
Truganina Traditional land of the Bunurong people
21 Shiny Drive 100 Nov 2018 26,500 4.2 56.5 4.25 Independent 100.0 100.0 100.0 3.5 Godfrey Hirst, Developed by GPT in 2019, the modern warehouse/office
Petstock facility is located in the core market of Truganina. The site
benefits from its close proximity to the Western Ring Road.
2 Prosperity Street 100 Nov 2018 24,000 3.9 51.5 4.25 Independent 100.0 100.0 100.0 4.0 DHL Developed by GPT in 2021, the modern warehouse/office
facility is located in the core market of Truganina. The site
benefits from its close proximity to the Western Ring Road.
25 Niton Drive 100 Jul 2019 29,800 4.5 62.5 4.25 Independent 100.0 100.0 100.0 3.7 The Hut Group Developed by GPT in 2021, the modern warehouse/office
facility is located in the core market of Truganina. The site
benefits from its close proximity to the Western Ring Road.
1 Botero Place 100 May 2020 23,800 4.9 53.5 4.25 Independent 100.0 100.0 100.0 7.4 DHL Purpose built for DHL, the temperature controlled warehouse
and office is located in the core market of Truganina. The site
benefits from its close proximity to the Western Ring Road.
----- End of picture text -----
86
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
LOGISTICS PORTFOLIO
==> picture [770 x 501] intentionally omitted <==
----- Start of picture text -----
Property Details Current Valuation Logistics Occupancy (By Area)
Inc. Inc. WALE
GPT Site 31 Dec 22 31 Dec 22 Signed Heads of by
Ownership Acquired GLA Area Fair Value Cap Rate Valuation Actual Leases Agreement Income
(%) by GPT (sqm) (ha) ($m) (%) Type (%) (%) (%) (Years) Key Tenants Description
Victoria
Foundation Estate 100 Dec 2020 44,100 9.4 138.0 4.25 Independent 100.0 100.0 100.0 6.1 Laverton The estate comprises five modern warehouse/office facilities
Cold Storage, located in the core market of Truganina. The site benefits from
Couriers Please its close proximity to the Western Ring Road.
143 Foundation Road 100 Dec 2020 10,700 2.0 23.0 4.25 Independent 100.0 100.0 100.0 6.6 Interior Secrets Developed by GPT in 2022, the modern warehouse/office
facility is located in the core market of Truganina. The asset
has been certified upfront embodied carbon neutral by the
Green Building Council of Australia and Climate Active, and
has achieved a 6 Star Green Star Design & As Built rating.
399 Boundary Road 100 Dec 2018 11,900 2.4 28.3 4.25 Independent 100.0 100.0 100.0 6.2 Krueger Modern warehouse/office facility located in the core market
Transport of Truganina. The site benefits from its close proximity to the
Equipment Western Ring Road.
Tarneit Traditional land of the Bunurong people
1 Hurst Drive 50.1 Apr 2021 70,100 11.4 74.4 4.13 Independent 100.0 100.0 100.0 9.5 HB Commerce Purpose built for HB Commerce (trading as vidaXL), this facility
reached practical completion in 2022. Located in Tarneit in
Melbourne’s West, the site benefits from its close proximity to
the Western Ring Road. This asset is held in the GPT QuadReal
Logistics Trust.
Laverton North Traditional land of the Bunurong people
235-239 Boundary Road 100 Aug 2021 33,500 5.7 71.8 4.13 Independent 100.0 100.0 100.0 3.5 Spotlight The recently completed warehouse/office facility is located in
the inner market of Laverton North. The site benefits from its
close proximity to the Western Ring Road.
79 Cherry Lane 100 Nov 2021 17,000 3.1 45.8 4.13 Independent 100.0 100.0 100.0 15.7 Probiotec Purpose built pharmaceutical grade and warehousing facilities
Pharma located in the inner market of Laverton North. The site
benefits from its close proximity to the Western Ring Road.
Knoxfield Traditional land of the Wurundjeri people
16 Henderson Road 100 Nov 2021 12,200 2.4 32.8 4.13 Independent 100.0 100.0 100.0 9.8 Prydes The purpose built temperature controlled facility is located
Confectionery in the established mixed-use precinct of Knoxfield. The site
benefits from its close proximity to the Eastlink Tollway and
Ferntree Gully Road.
Somerton Traditional land of the Wurundjeri people
Austrak Business Park [1] 50 Oct 2003 193,700 63.4 255.3 4.25 Independent 100.0 100.0 100.0 3.3 Linfox, The business park comprises seven modern warehouse/logistics
Coles Group facilities, leased to various national operators and an intermodal
rail terminal. It is located in the core market of Somerton.
Keysborough Traditional land of the Bunurong people
Keylink Estate – South 50.1 Jun 2021 38,100 5.5 45.0 4.13 Independent 100.0 100.0 100.0 9.7 Early Settler This facility, located at 26-46 Bend Road, reached practical
completion in 2022. The asset features a dual tenancy
warehouse/office facility, currently occupied by a single tenant.
The site is located in the South East market of Keysborough
and benefits from its close proximity to the Eastlink Freeway.
This asset is held in the GPT QuadReal Logistics Trust.
----- End of picture text -----
- Site area and fair value excludes development land.
87
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
LOGISTICS PORTFOLIO
Queensland
==> picture [474 x 318] intentionally omitted <==
----- Start of picture text -----
Brisbane
Airport
City centre M1 Port of Brisbane
A3
Arterial roads M7
Motorways
M4
Murarrie
Airport Brisbane 2 1 Tingalpa
Port CBD
M5 M1
A7
M3
A17
M7
Wacol
6
M2
Wulkuraka 8 7 Bundamba M2 Springwood
Karawatha
M2 3 4
Berrinba
A5 M6
Crestmead 5
M1
----- End of picture text -----
1 Tingalpa (1 asset)
-
5 Crestmead (1 asset)
-
2 Murarrie (1 asset)
-
6 Wacol (2 assets) 7 Bundamba (1 asset) 8 Wulkuraka (1 asset)
-
3 Karawatha (1 asset)
-
4 Berrinba (4 assets)
Note: 15 Northern Link Circuit, Townsville is not shown.
==> picture [232 x 131] intentionally omitted <==
----- Start of picture text -----
18 Gorrick Court, Bundamba
----- End of picture text -----
==> picture [232 x 132] intentionally omitted <==
----- Start of picture text -----
100 Metroplex Place, Wacol
----- End of picture text -----
==> picture [232 x 132] intentionally omitted <==
----- Start of picture text -----
2 Ironbark Close, Wembley Business Park, Berrinba
----- End of picture text -----
88
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
LOGISTICS PORTFOLIO
==> picture [770 x 482] intentionally omitted <==
----- Start of picture text -----
Property Details Current Valuation Logistics Occupancy (By Area)
Inc. Inc. WALE
GPT Site 31 Dec 22 31 Dec 22 Signed Heads of by
Ownership Acquired GLA Area Fair Value Cap Rate Valuation Actual Leases Agreement Income
(%) by GPT (sqm) (ha) ($m) (%) Type (%) (%) (%) (Years) Key Tenants Description
Queensland
Karawatha Traditional land of the Yuggera people
59 Forest Way 100 Dec 2012 44,000 13.4 152.0 4.50 Independent 100.0 100.0 100.0 6.2 Toll Developed by GPT in 2014, the purpose built distribution centre is
located in a core market and benefits from its close proximity to the
Logan Motorway.
Wacol Traditional land of the Yuggera people and the Turrbul people
55 Whitelaw Place 100 Dec 2016 5,600 2.1 22.7 4.25 Independent 100.0 100.0 100.0 9.4 Loscam Developed by GPT in 2017, the purpose built warehouse/office
Australia facility is located in a core market and benefits from its close
proximity to the Ipswich and Centenary motorways.
100 Metroplex Place 50.1 Mar 2021 17,100 3.5 22.7 4.50 Independent 100.0 100.0 100.0 4.4 Mainfreight, Developed by GPT in 2022, this asset comprises two modern
Bulk Transport warehouse/office facilities in the core market of Wacol. This asset
is held in the GPT QuadReal Logistics Trust.
Berrinba
2 Ironbark Close 100 Jun 2015 20,600 4.9 66.3 4.25 Independent 100.0 100.0 100.0 7.2 DHL Developed by GPT in 2020 as the first stage of Wembley Business
Park, the purpose built facility incorporates two warehouses
connected by a super-awning. Berrinba is a core market that
benefits from its close proximity to the Logan Motorway.
30 Ironbark Close 100 Jun 2015 14,400 3.4 39.5 4.63 Independent 100.0 100.0 100.0 1.1 JB Hi-Fi Developed by GPT in 2020 as the second stage of Wembley
(Relocating to Business Park, the facility is a dual tenancy warehouse/office
2 Wattlebird facility occupied by two tenants.
Court in 1Q),
Windoware
1 Wattlebird Court 100 Jun 2015 16,300 3.6 42.0 4.50 Independent 100.0 100.0 100.0 4.5 Mainfreight, Developed by GPT in 2021 as the third stage of Wembley Business
Nature’s Best Park, the facility is a dual tenancy warehouse/office facility
occupied by two tenants.
2 Wattlebird Court 100 Jun 2015 21,900 4.3 55.8 4.50 Independent 100.0 100.0 100.0 6.3 JB Hi-Fi, Developed by GPT in 2022, as the final stage of the Wembley
InterCentral Business Park estate, the facility is a dual tenancy warehouse/office
Logistics facility occupied by two tenants.
Crestmead Traditional land of the Yuggera people and the Turrbul people
102-108 Magnesium Drive 100 Nov 2021 8,800 1.8 25.9 4.13 Independent 100.0 100.0 100.0 9.2 Oxworks Modern warehouse/office facility located in the core market
of Crestmead. The site benefits from its close proximity to the
Logan Motorway.
Tingalpa Traditional land of the Yuggera people and the Turrbul people
248 Fleming Road 100 Nov 2021 5,200 1.0 29.4 4.38 Independent 100.0 100.0 100.0 3.5 Royal Foods Two temperature controlled facilities located in the inner market
of Tingalpa. The site benefits from its close proximity to the
Gateway Motorway.
Murarrie Traditional land of the Yuggera people
48 Miller Street 100 Nov 2021 4,000 0.8 36.7 4.75 Independent 100.0 100.0 100.0 5.9 Tritium Modern laboratory/warehouse facility located in the inner market
of Murarrie. The site benefits from its close proximity to the
Gateway Motorway.
----- End of picture text -----
89
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
LOGISTICS PORTFOLIO
==> picture [770 x 215] intentionally omitted <==
----- Start of picture text -----
Property Details Current Valuation Logistics Occupancy (By Area)
Inc. Inc. WALE
GPT Site 31 Dec 22 31 Dec 22 Signed Heads of by
Ownership Acquired GLA Area Fair Value Cap Rate Valuation Actual Leases Agreement Income
(%) by GPT (sqm) (ha) ($m) (%) Type (%) (%) (%) (Years) Key Tenants Description
Queensland
Bundamba Traditional land of the Yuggera people
18 Gorrick Court 50.1 Nov 2021 12,500 3.6 20.5 4.25 Independent 100.0 100.0 100.0 5.4 Saab Purpose built for Saab, this facility reached practical completion in
2022. The asset features two warehouse facilities connected by
a breezeway and is located in close proximity to the Warrego and
Cunningham highways. This asset is held in the GPT QuadReal
Logistics Trust.
Wulkuraka Traditional land of the Yuggera Ugarapul people
4 Enterprise Street 100 Nov 2021 25,900 4.2 103.0 4.25 Independent 100.0 100.0 100.0 18.7 Asahi Purpose built manufacturing facility located within close
proximity of the Ipswich CBD. The asset was recently expanded
and benefits from its close proximity to the Warrego Highway.
Townsville Traditional land of the Yuwibara people
15 Northern Link Circuit 100 Nov 2021 4,800 1.5 30.0 4.63 Independent 100.0 100.0 100.0 9.0 Bega Dairy & A recently completed purpose built temperature controlled facility.
Drinks The asset is located in Shaw, approximately 15 kilometres from the
Townsville CBD.
----- End of picture text -----
90
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
LOGISTICS PORTFOLIO
South Australia
==> picture [473 x 318] intentionally omitted <==
----- Start of picture text -----
A20
A9 M2
Gillman 3 Wingfield 5 A16
Port of Adelaide A16
A10
A2
4
Royal A1
Park A7
A11
City centre
A14 Arterial roads
A15
Motorways
A17
A6 AdelaideCBD Airport
1 A2 Port
2
Adelaide
Airport
A3
M1
----- End of picture text -----
1 1 Vimy Avenue, Adelaide Airport
-
2 26 Butler Boulevard, Adelaide Airport
-
3 176 Eastern Parade, Gillman
-
4 1A Symonds Street, Royal Park 5 6-10 Senna Road, Wingfield
==> picture [232 x 131] intentionally omitted <==
----- Start of picture text -----
26 Butler Boulevard, Adelaide Airport
----- End of picture text -----
==> picture [232 x 132] intentionally omitted <==
----- Start of picture text -----
176 Eastern Parade, Gillman
----- End of picture text -----
==> picture [232 x 132] intentionally omitted <==
----- Start of picture text -----
1A Symonds Street, Royal Park
----- End of picture text -----
91
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
LOGISTICS PORTFOLIO
==> picture [770 x 292] intentionally omitted <==
----- Start of picture text -----
Property Details Current Valuation Logistics Occupancy (By Area)
Inc. Inc. WALE
GPT Site 31 Dec 22 31 Dec 22 Signed Heads of by
Ownership Acquired GLA Area Fair Value Cap Rate Valuation Actual Leases Agreement Income
(%) by GPT (sqm) (ha) ($m) (%) Type (%) (%) (%) (Years) Key Tenants Description
South Australia
Adelaide Airport Traditional land of the Kaurna people
1 Vimy Avenue 100 Nov 2021 9,800 1.9 20.1 4.50 Independent 100.0 100.0 100.0 6.4 Bunzl Outsourcing Modern warehouse/distribution facility located directly
Services adjacent to the Adelaide Airport and within close proximity
of the CBD.
26 Butler Boulevard 100 Nov 2021 6,800 1.5 17.7 4.50 Independent 100.0 100.0 100.0 7.9 Boart Longyear Modern warehouse/distribution facility located directly
adjacent to the Adelaide Airport and within close proximity
of the CBD.
Gillman Traditional land of the Kaurna people
176 Eastern Parade 100 Nov 2021 6,800 2.4 19.0 5.00 Independent 100.0 100.0 100.0 3.0 Qube Logistics Refurbished warehouse facility with extensive container
rated hardstand areas. It is located within close proximity of
the Port of Adelaide.
Royal Park Traditional land of the Kaurna people
1A Symonds Street 100 Nov 2021 2,700 0.7 6.8 4.25 Independent 100.0 100.0 100.0 7.8 COPE Sensitive Warehouse/office facility providing dual side dock access.
Freight The site benefits from its proximity to the Port of Adelaide
and the CBD.
Wingfield Traditional land of the Kaurna people
6-10 Senna Road 100 Nov 2021 13,400 2.9 36.7 4.75 Independent 100.0 100.0 100.0 3.5 GPC Asia Pacific Modern warehouse/office and showroom facility. The site
benefits from its close proximity to the North-South Motorway.
----- End of picture text -----
92
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
LOGISTICS PORTFOLIO
Western Australia
==> picture [473 x 325] intentionally omitted <==
----- Start of picture text -----
3
Wangara 4 2 A84
A95
A4
A81 A52
A56
A50
A60 A53 M1
A76
A75
A72 A2
A64
Perth
Airport A41
A3
Perth
A5 CBD A8
City centre
M1
A7 Arterial roads
A6
Port of Perth A27 Motorways
A3 A30
A4 Airport
A13 1
A12 A2 Port
Canning Vale
----- End of picture text -----
1 15 Modal Crescent, Canning Vale
-
2 23 Destiny Way, Wangara
-
3 50 Triumph Avenue, Wangara
4 56 Triumph Avenue, Wangara
==> picture [232 x 131] intentionally omitted <==
----- Start of picture text -----
15 Modal Crescent, Canning Vale
----- End of picture text -----
==> picture [232 x 132] intentionally omitted <==
----- Start of picture text -----
23 Destiny Way, Wangara
----- End of picture text -----
==> picture [232 x 132] intentionally omitted <==
----- Start of picture text -----
50 Triumph Avenue, Wangara
----- End of picture text -----
93
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
LOGISTICS PORTFOLIO
==> picture [770 x 209] intentionally omitted <==
----- Start of picture text -----
Property Details Current Valuation Logistics Occupancy (By Area)
Inc. Inc. WALE
GPT Site 31 Dec 22 31 Dec 22 Signed Heads of by
Ownership Acquired GLA Area Fair Value Cap Rate Valuation Actual Leases Agreement Income
(%) by GPT (sqm) (ha) ($m) (%) Type (%) (%) (%) (Years) Key Tenants Description
Western Australia
Canning Vale Traditional land of the Whadjuk people of the Noongar nation
15 Modal Crescent 100 Nov 2021 9,600 3.1 24.5 4.75 Independent 100.0 100.0 100.0 7.8 COPE Sensitive Modern warehouse/office facility located in the core market
Freight of Canning Vale.
Wangara Traditional land of the Whadjuk people of the Noongar nation
23 Destiny Way 100 Nov 2021 4,600 3.1 25.8 5.25 Independent 100.0 100.0 100.0 1.7 Global Modern workshop/office facility located in the core market
Construction of Wangara.
Services
50 Triumph Avenue 100 Nov 2021 3,700 0.8 8.0 5.25 Independent 100.0 100.0 100.0 3.0 ContiTech Modern warehouse/office facility located in the core market
Australia of Wangara.
56 Triumph Avenue 100 Nov 2021 2,800 0.6 5.1 5.50 Independent 100.0 100.0 100.0 2.7 Glass Processing Modern warehouse/office facility located in the core market
of Wangara.
----- End of picture text -----
94
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
LOGISTICS PORTFOLIO
Australian Capital Territory
| Property Details | Property Details | Property Details | Property Details | Current Valuation | Current Valuation | Current Valuation | Logistics Occupancy (By Area) | Logistics Occupancy (By Area) | Logistics Occupancy (By Area) | WALE by Income (Years) |
Key Tenants | Description | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| GPT Ownership (%) |
Acquired by GPT |
GLA (sqm) |
Site Area (ha) |
31 Dec 22 Fair Value ($m) |
31 Dec 22 Cap Rate (%) |
Valuation Type |
Actual (%) |
Inc. Signed Leases (%) |
Inc. Heads of Agreement (%) |
||||
| Australian Capital Territory | |||||||||||||
| Symonston Traditional land of the Ngunnawal people |
|||||||||||||
| 12 Faulding Street 100 Nov 2021 3,300 0.7 20.5 5.25 Independent 100.0 100.0 100.0 2.1 Telstra, Secure & Innovate Group Two modern warehouse/offce facilities located 6 kilometres south-east of the Canberra CBD. The larger facility includes two levels of offce, warehouse as well as undercroft and hardstand parking. |
95
THE GPT GROUP | 2022 ANNUAL RESULT PROPERTY COMPENDIUM
LOGISTICS PORTFOLIO