GPT GROUP — Annual Report 2023

Feb 18, 2024

ASX Announcement

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19 February 2024

2023 Annual Result Property Compendium

The GPT Group (‘GPT’) provides its 2023 Annual Result Property Compendium.

-ENDS-

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

GPT Management Holdings Limited (ACN 113 510 188) and GPT RE Limited (ABN 27 107 426 504) as responsible entity of General Property Trust (ARSN 090 110357), together GPT.

Level 51, 25 Martin Place Sydney NSW 2000 gpt.com.au

Experience First

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2023 Annual Result Property Compendium

This Property Compendium (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. It is not intended to be and does not constitute an offer or a recommendation to acquire any securities in The GPT Group.

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.

	Contents
	Retail	03
	Offce	14
	Logistics	42

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 2023 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. Some totals may not add up to 100% due to rounding.

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.

Comprehensive sustainability data, including asset-level reporting, is available at gpt.com.au/sustainability. N/A = Not Applicable to the scope or rating tool. GPT reports asset certification and carbon neutral delivery for assets within our operating portfolio. Building certifications and asset ratings are current as at 31 December 2023. Sustainability data as at 31 December 2023, and assured according to Global Reporting Initiative ( GRI ) Sustainability Reporting Standards and Greenhouse Gas Protocol.

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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Experience First

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Retail

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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Charlestown Square, New South Wales

Charlestown Square is the largest shopping and entertainment destination in the Newcastle and Hunter region. The centre incorporates 257 tenancies including a Myer department store, two discount department stores, three supermarkets and a Reading Cinema complex. In addition, the centre includes international retailers Sephora and Apple.

Key metrics as at 31 December 2023

Current valuation

General

Fair value $864.0m Capitalisation rate 6.00% Valuation type Independent

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

Key tenants by area (sqm)

Centre details

Centre details
Total GLA	91,200sqm
Number of tenancies	257
Car parking spaces	3,419
Retail occupancy	99.7%
Sales information	Total centre	Specialty
MAT (per sqm)	$7,210	$12,830
Occupancy cost	10.6%	14.5%
Centre MAT	$581.0m

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

Sustainability metrics

NABERS ratings
Energy	4.5
Water	4.0
Waste	N/A
Indoor environment	N/A
Carbon neutral delivery
Operating	Jul 2023
Climate Active carbon neutral (Buildings)	Oct 2024

Environmental performance data

Energy Intensity (MJ/m2)	287
Emissions (kg CO2-e/m2)	25
Water (Litres/m3)	436
Waste (% recycled/diverted)	36

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RETAIL

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Highpoint Shopping Centre, Victoria

Highpoint Shopping Centre is one of Australia’s leading retail destinations located 8 kilometres north-west of the Melbourne CBD. The centre incorporates 426 tenancies including David Jones, Myer, two discount department stores, two supermarkets, a Hoyts entertainment offer and international retailers Zara, Apple, Uniqlo and Sephora. Following a full aesthetic upgrade during 2020-23 the centre delivers a vibrant retail, entertainment and lifestyle offer.

Key metrics as at 31 December 2023

Current valuation

General

Fair value GPT: $390.8m GWSCF: $1,954.2m Capitalisation rate 5.00% Valuation type Independent

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 2023 (Coles Supermarket Precinct) Traditional custodians Traditional land of the Wurundjeri people

Key tenants by area (sqm)

Centre details

Key tenants by area (sqm)
Myer	15,480
Hoyts	9,030
Big W	8,160
David Jones	7,300
Kmart	6,260
Woolworths Supermarket	4,240
Coles	4,070

Total GLA 149,600sqm Number of tenancies 426 Car parking spaces 7,276 Retail occupancy 99.9%

Sales information	Total centre	Specialty
MAT (per sqm)	$9,456	$12,562
Occupancy cost	11.9%	17.2%
Centre MAT	$1,266.8m

Sustainability metrics

Sustainability metrics
NABERS ratings
Energy	5.0
Water	3.0
Waste	N/A
Indoor environment	N/A
Carbon neutral delivery
Operating	Yes
Climate Active carbon neutral (Buildings)	Certifed

Environmental performance data

Energy Intensity (MJ/m2)	260
Emissions (kg CO2-e/m2)	-5
Water (Litres/m3)	971
Waste (% recycled/diverted)	38

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RETAIL

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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 276 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 2023

General Current valuation Ownership interest 100 % GPT Fair value[1] $1,497.0m Acquired May 1999 Capitalisation rate[2] 5.06% Asset type City Centre Valuation type Independent Construction Completed 1991 Latest refurbishment/development 2019 (ELLA – Dining Precinct) Traditional custodians Traditional land of the Wurundjeri people

Key tenants by area (sqm)

Centre details

Total GLA 55,700sqm Number of tenancies 276 Car parking spaces 878 Retail occupancy 100.0%

Hoyts 7,710 Coles 1,310

Sales information Total centre Specialty MAT (per sqm) $12,578 $14,534 Occupancy cost 15.7% 19.1% Centre MAT $612.3m

Sustainability metrics

NABERS ratings Environmental performance data Energy 2.0 Energy Intensity (MJ/m[2] ) 561 Water 3.0 Emissions (kg CO2-e/m[2] ) 45 Waste N/A Water (Litres/m[3] ) 1,497 Indoor environment N/A Waste (% recycled/diverted) 23 Carbon neutral delivery Operating Jul 2023 Climate Active carbon neutral (Buildings) Oct 2024

1. Includes retail and car park.

2. Weighted average capitalisation rate is 5.06%, comprising retail 5.00% and car park 6.00%.

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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. The 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 and 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 2023

Current valuation

General

Fair value $730.0m Capitalisation rate 5.75% Valuation type Independent

Ownership interest 100% GPT September 2007 (Stage 1) Acquired March 2008 (Stage 2) Asset type Regional Construction Completed 2008 Traditional custodians Traditional land of the Darug people

Key tenants by area (sqm)

Centre details

Key tenants by area (sqm)
Big W	8,560
Kmart	6,820
Reading Cinemas	5,780
Woolworths Supermarket	4,610
Coles	4,130

Total GLA 70,100sqm Number of tenancies 252 Car parking spaces 2,877 Retail occupancy 100%

Sales information Total centre MAT (per sqm) $9,964 $12,870 Occupancy cost 8.7% 13.3% Centre MAT $621.1m

Specialty

Sustainability metrics

Sustainability metrics
NABERS ratings
Energy	4.5
Water	2.5
Waste	N/A
Indoor environment	N/A
Carbon neutral delivery
Operating	Yes
Climate Active carbon neutral (Buildings)	Certifed

Environmental performance data

Energy Intensity (MJ/m2)	173
Emissions (kg CO2-e/m2)	-6
Water (Litres/m3)	1,461
Waste (% recycled/diverted)	35

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RETAIL

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Sunshine Plaza, Queensland

Sunshine Plaza is the pre-eminent retail and leisure destination on Queensland’s Sunshine Coast. Located in Maroochydore, the centre incorporates 324 tenancies including Myer, David Jones, three discount department stores, two supermarkets and a strong entertainment 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 2023

Current valuation

General

Fair value GPT: $580.8m Capitalisation rate 5.38% Valuation type Independent

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

Key tenants by area (sqm)

Centre details

Centre details
Total GLA	106,600sqm
Number of tenancies	324
Car parking spaces	4,960
Retail occupancy	99.5%
Sales information	Total centre	Specialty
MAT (per sqm)	$8,011	$11,269
Occupancy cost	10.5%	15.7%
Centre MAT	$810.4m

Key tenants by area (sqm)
Myer	12,890
David Jones	7,780
Target	6,920
Big W	6,520
Kmart	6,350
Coles	5,850
Birch Carroll & Coyle	4,690
Woolworths Supermarket	3,870

Sustainability metrics[1]

Sustainability metrics1
NABERS ratings
Energy	5.0
Water	4.0
Waste	N/A
Indoor environment	N/A
Carbon neutral delivery
Operating	2030
Climate Active carbon neutral (Buildings)	2030

Environmental performance data

Energy Intensity (MJ/m2)	308
Emissions (kg CO2-e/m2)	58
Water (Litres/m3)	1,058
Waste (% recycled/diverted)	41
Green Star ratings
Performance	2
Design & As Built	5

1. Carbon neutral targets for externally managed assets to be agreed with the co-owners.

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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

Key metrics as at 31 December 2023

Current valuation

General

Fair value GPT: $676.0m Capitalisation rate 5.50% Valuation type Independent

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

Key tenants by area (sqm)

Centre details

Key tenants by area (sqm)
Myer	20,110
Big W	8,740
Hoyts	4,790
Coles	3,990
Woolworths Supermarket	3,800
Aldi	1,610

Total GLA 91,500sqm Number of tenancies 311 Car parking spaces 3,521 Retail occupancy 99.5% Sales information Total centre Specialty MAT (per sqm) $8,807 $13,106 Occupancy cost 12.0% 17.4% Centre MAT $728.9m

Sustainability metrics[1]

Sustainability metrics1
NABERS ratings
Energy	4.5
Water	2.0
Waste	N/A
Indoor environment	N/A
Carbon neutral delivery
Operating	2030
Climate Active carbon neutral (Buildings)	2030

Environmental performance data

Energy Intensity (MJ/m2)	292
Emissions (kg CO2-e/m2)	53
Water (Litres/m3)	1,384
Waste (% recycled/diverted)	33

1. Carbon neutral targets for externally managed assets to be agreed with the co-owners.

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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RETAIL

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Chirnside Park, Victoria

Chirnside Park is a regional shopping centre that has been servicing the community of outer Eastern Melbourne since 1979. The centre offers customers an extensive selection of stores, with a strong focus on convenience and value-driven fresh food. Situated approximately 30 kilometres north-east of the Melbourne CBD, Chirnside Park incorporates 111 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 2023

Current valuation

General

Current valuation
Fair value	$277.3m
Capitalisation rate	6.25%
Valuation type	Independent

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

Key tenants by area (sqm)

Centre details

Total GLA 38,800sqm Number of tenancies 111 Car parking spaces 2,017 Retail occupancy 100%

Key tenants by area (sqm)
Kmart	7,800
Target	4,770
Woolworths Supermarket	4,180
Reading Cinemas	3,500
Coles	3,290
Aldi	1,520

Sales information

Specialty

Sales information	Total centre	Speci
MAT (per sqm)	$9,903	$13,205
Occupancy cost	6.8%	15.2%
Centre MAT	$354.9m

Sustainability metrics

Sustainability metrics
NABERS ratings
Energy	5.0
Water	3.0
Waste	N/A
Indoor environment	N/A
Carbon neutral delivery
Operating	Yes
Climate Active carbon neutral (Buildings)	Certifed

Environmental performance data

Energy Intensity (MJ/m2)	209
Emissions (kg CO2-e/m2)	-2
Water (Litres/m3)	613
Waste (% recycled/diverted)	27

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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RETAIL

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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 321 tenancies including a David Jones department store, two discount department stores, three supermarkets and a cinema entertainment offer. The centre also includes international retailers H&M, JD Sport, Sephora and Uniqlo. Macarthur Square is jointly owned with Australian Prime Property Fund Retail and is managed by Lendlease.

Key metrics as at 31 December 2023

Current valuation

General

Current valuation
Fair value	GWSCF: $493.5m
Capitalisation rate	5.75%
Valuation type	Independent

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

Key tenants by area (sqm)

Centre details

Centre details
Total GLA	108,100sqm
Number of tenancies	321
Car parking spaces	4,124
Retail occupancy	99.6%
Sales information	Total centre	Specialty
MAT (per sqm)	$7,209	$10,045
Occupancy cost	9.9%	14.8%
Centre MAT	$720.6m

Key tenants by area (sqm)
Big W	8,790
David Jones	6,910
Event Cinemas	6,090
Target	5,360
Coles	4,560
Woolworths Supermarket	4,190
Aldi	1,510

Sustainability metrics[1]

Sustainability metrics1
NABERS ratings		Environmental performance data
Energy	5.0	Energy Intensity (MJ/m2)	273
Water	4.5	Emissions (kg CO2-e/m2)	50
Waste	N/A	Water (Litres/m3)	1,040
Indoor environment	N/A	Waste (% recycled/diverted)	47
Carbon neutral delivery		Green Star ratings
Operating	2025	Performance	2
Climate Active carbon neutral (Buildings)	2025	Design & As Built	N/R

1. Carbon neutral targets for externally managed assets to be agreed with the co-owners.

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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RETAIL

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Northland Shopping Centre, Victoria

Northland Shopping Centre is located in East Preston, 11 kilometres north of Melbourne’s CBD. The centre incorporates 275 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 2023

Current valuation

General

Fair value GWSCF: $423.5m Capitalisation rate 5.88% Valuation type Independent

Ownership interest 50% GWSCF Co-owners 50% Vicinity Centres Acquired May 2014 Asset type Super Regional Construction Completed 1966 Latest refurbishment/development 2023 (Entertainment and Leisure Precinct) Traditional custodians Traditional land of the Wurundjeri people

Centre details

Key tenants by area (sqm)

Centre details
Total GLA	97,800sqm
Number of tenancies	275
Car parking spaces	4,640
Retail occupancy	99.4%
Sales information	Total centre	Specialty
MAT (per sqm)	$7,190	$10,687
Occupancy cost	9.2%	14.2%
Centre MAT	$659.7m

Key tenants by area (sqm)
Myer	18,510
Target	6,890
Hoyts	6,530
Kmart	6,500
Coles	4,220
Woolworths Supermarket	4,030
Aldi	1,500

Sustainability metrics[1]

Sustainability metrics1
NABERS ratings
Energy	4.0
Water	3.5
Waste	N/A
Indoor environment	N/A
Carbon neutral delivery
Operating	2025
Climate Active carbon neutral (Buildings)	2025

Environmental performance data
Energy Intensity (MJ/m2)	442
Emissions (kg CO2-e/m2)	58
Water (Litres/m3)	819
Waste (% recycled/diverted)	39
Green Star ratings
Performance	4
Design & As Built	N/R

1. Carbon neutral targets for externally managed assets to be agreed with the co-owners.

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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RETAIL

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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 2023

Current valuation

General

Fair value $291.0m Capitalisation rate 6.25% Valuation type Independent

Ownership interest 100% GWSCF Acquired March 2007 Asset type Regional Construction Completed 1973 Latest refurbishment/development 2023 (Coles Supermarket Refurbishment) Traditional custodians Traditional land of the Bunurong people

Key tenants by area (sqm)

Centre details

Key tenants by area (sqm)
Kmart	8,390
Big W	6,670
Coles	4,010
Woolworths Supermarket	3,490

Total GLA Number of tenancies Car parking spaces Retail occupancy

36,900sqm 125 2,519 99.5%

Sales information

Specialty

Total centre

MAT (per sqm) $9,008 $12,570 Occupancy cost 8.1% 13.3% Centre MAT $308.0m

Sustainability metrics

NABERS ratings

Environmental performance data

Energy Intensity (MJ/m[2] ) 242 Emissions (kg CO2-e/m[2] ) -5 Water (Litres/m[3] ) 486 Waste (% recycled/diverted) 38

Energy 4.0 Water 3.5 Waste N/A Indoor environment N/A Carbon neutral delivery Operating Yes Climate Active carbon neutral (Buildings) Certified

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Experience First

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Office

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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Australia Square, 264 George Street, Sydney

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

Key metrics as at 31 December 2023

General						Current valuation
Ownership interest	50% GPT					Fair value			GPT: $565.5m
Co-owner	50% Dexus					Capitalisation rate			5.56%
Acquired (by GPT)	September		1981			Valuation type			Independent
Asset quality	A Grade
Construction/Refurbishment	Completed		1967/Refurbished 2004
Traditional custodians	Traditional land of the Gadigal people of the
	Eora nation
Property details (NLA)						Offce occupancy
Offce	51,700sqm					Actual			81.2%
Retail	1,600sqm					Including signed leases			82.0%
Car parking spaces	372					Including heads of agreement			82.0%
Typical foor plate	1,030sqm
Offce tenant details						Key tenants by income
Number of offce tenants	93					HWL Ebsworth			7,230sqm
WALE (by income)	3.0 years					Pinnacle			2,120sqm
Lease expiry profle (by income)
2024 2025	2026		2027	2028	2029	2030	2031	2032		2033	2034+
14% 9%	36%		19%	9%	11%	2%	0%	0%		0%	0%
Sustainability metrics1
NABERS ratings		Tower		Plaza		Environmental performance		data	Combined
Energy		4.5		5.0		Energy Intensity (MJ/m2)			329
Water		4.5		4.5		Emissions (kg CO2-e/m2)			0
Waste		3.0		3.0		Water (Litres/m3)			742
Indoor environment		5.0		5.5		Waste (% recycled/diverted)			33
Carbon neutral delivery		Tower		Plaza		Green Star ratings			Tower		Plaza
Operating		Yes		Yes		Performance			5		5
Climate Active carbon neutral	(Buildings)	Certifed		Certifed		Design & As Built			N/R		N/R

1. Climate Active carbon neutral (for Buildings) certification for Australia Square Tower, which represents >80% of the site by Lettable Area, includes the Retail component. Environmental performance data represents Tower (including Retail) and Plaza. NABERS Waste rating applies to the entire complex.

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OFFICE

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2 Park Street, Sydney

2 Park Street is a landmark Premium Grade office building located on the corner of George and Park Streets in Sydney’s CBD. Completed in 2000, the 47 level building has large, highly efficient floor plates and upper levels that command panoramic city and harbour views. The asset is linked to a four level retail podium, 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 2023

Current valuation

General					Current valuation
Ownership interest	50% GPT				Fair value		GPT: $770.0m
Co-owner	50% Charter Hall Offce Trust				Capitalisation rate		5.25%
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 (NLA)					Offce occupancy
Offce	73,400sqm				Actual		79.2%
Retail	500sqm				Including signed leases		87.6%
Car Parking Spaces	270				Including heads of agreement		90.4%
Typical Floor Plate	1,770sqm
Offce tenant details					Key tenants by income
Number of offce tenants	23				Amazon Web Services		28,810sqm
WALE (by income)	4.5 years				Citibank		13,280sqm
Lease expiry profle (by income)
2024 2025	2026	2027	2028	2029	2030	2031	2032	2033	2034+
17% 1%	7%	6%	45%	2%	10%	10%	0%	3%	0%
Sustainability metrics
NABERS ratings					Environmental performance		data
Energy		5.0			Energy Intensity (MJ/m2)		260
Water		4.5			Emissions (kg CO2-e/m2)		-1
Waste		3.5			Water (Litres/m3)		446
Indoor environment		5.0			Waste (% recycled/diverted)		40
Carbon neutral delivery					Green Star ratings
Operating		Yes			Performance		6
Climate Active carbon neutral (Buildings)		Certifed			Design & As Built		N/R

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GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

OFFICE

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

Darling Park is a landmark commercial and retail complex located in Sydney’s popular Darling Harbour precinct. The asset comprises two Premium Grade office buildings and a retail and entertainment complex, known as Cockle Bay Wharf. The towers and Cockle Bay Wharf are connected by plazas, galleries and business lounges. Darling Park provides its tenants with a complete environment, including the crescent gardens, waterfront restaurants and cafes. Office floor plates are large and efficient, with expansive water views.

Key metrics as at 31 December 2023

General						Current valuation
Ownership interest		25% GPT				Fair value		GPT: $485.9m, GWOF:		$971.8m
Co-owners		50% GWOF, 25% MWOF				Capitalisation rate		DP 1: 5.50%, DP 2: 5.25%
Acquired		August 2019				Valuation type		Independent
Asset quality		Premium Grade
Construction/Refurbishment		DP 1: Completed	1994/Refurbished 2022
		DP 2: Completed 1999/Refurbished 2018
Traditional custodians		Traditional land	of the Gadigal people of the
		Eora nation
Property details (NLA)						Offce occupancy1		DP 1		DP 2
Offce		101,800sqm				Actual		65.8%		96.0%
Retail		9,900sqm				Including signed leases		69.7%		96.9%
Car parking spaces		642				Including heads of agreement		84.6%		98.8%
Typical foor plate		1,900sqm
Offce tenant details						Key tenants by income
Number of offce tenants		12				CBA		32,220sqm
WALE (by Income)		DP 1: 2.3 years, DP 2: 5.9 years				IAG		30,670sqm
Lease expiry profle (by income)
2024	2025	2026	2027	2028	2029	2030	2031	2032	2033	2034+
DP 1 37%	6%	45%	0%	0%	7%	0%	6%	0%	0%	0%
DP 2 4%	2%	0%	0%	19%	16%	0%	59%	0%	0%	0%
Sustainability metrics2
NABERS ratings		DP 1		DP 2		Environmental performance data		Combined
Energy		5.5		5.5		Energy Intensity (MJ/m2)		248
Water		4.5		4.5		Emissions (kg CO2-e/m2)		-2
Waste		2.5		2.5		Water (Litres/m3)		346
Indoor environment		4.0		5.0		Waste (% recycled/diverted)		48
Carbon neutral delivery		DP 1		DP 2		Green Star ratings		DP 1		DP 2
Operating		Yes		Yes		Performance		6		6
Climate Active carbon neutral (Buildings) Certifed				Certifed		Design & As Built		N/R		N/R

1. Landlord operated flexible space of 2,293sqm excluded from occupancy metrics.

2. Cockle Bay Wharf NABERS ratings are not reported as it is a retail food & beverage precinct. Environmental performance data represents Darling Park 1 & 2 and Cockle Bay Wharf.

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Eclipse Tower, 60 Station Street, Parramatta

60 Station Street, also known as ‘Eclipse Tower’, is an A Grade office building located approximately 22 kilometres west of the Sydney CBD. The property is situated in close proximity to Parramatta Square, Westfield Parramatta, Parramatta train station and bus interchange. Key metrics as at 31 December 2023

Current valuation Fair value $203.5m Capitalisation rate 6.50% Valuation type Independent

General Ownership interest 100% GPT Acquired (by GPT) September 2018 Asset quality A Grade Construction/Refurbishment Completed 2012 Traditional custodians Traditional land of the Burramattagal clan of the Darug people

Office occupancy

Property details (NLA)					Offce occupancy
Offce	24,700sqm				Actual		70.4%
Retail	600sqm				Including signed leases		75.8%
Car parking spaces	145				Including heads of agreement		84.5%
Typical foor plate	1,320sqm
Offce tenant details					Key tenants by income
Number of offce tenants	11				Government Property NSW		3,970sqm
WALE (by income)	4.1 years				Landcom		3,970sqm
Lease expiry profle (by	income)
2024 2025	2026	2027	2028	2029	2030	2031	2032	2033	2034+
6% 16%	7%	8%	28%	16%	7%	13%	0%	0%	0%

Sustainability metrics

Sustainability metrics
NABERS ratings
Energy	5.0
Water	4.0
Waste	2.0
Indoor environment	N/R
Carbon neutral delivery
Operating	Yes
Climate Active carbon neutral (Buildings)	Certifed

Environmental performance data

Energy Intensity (MJ/m2)	205
Emissions (kg CO2-e/m2)	-6
Water (Litres/m3)	435
Waste (% recycled/diverted)	20
Green Star ratings
Performance	N/R
Design & As Built	N/R

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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 2023

Current valuation
Fair value	$308.0m
Capitalisation rate	5.75%
Valuation type	Independent
Offce occupancy
Actual	84.8%
Including signed leases	87.6%
Including heads of agreement	88.9%

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 (NLA)

Property details (NLA)					Offce occupan	cy
Offce	26,600sqm				Actual		84.8%
Retail	300sqm				Including signed leases		87.6%
Car parking spaces	110				Including heads	of agreement	88.9%
Typical foor plate	1,350sqm
Offce tenant details					Key tenants by income
Number of offce tenants	9				QBE		13,620sqm
WALE (by income)	6.7 years				Space&Co		2,050sqm
Lease expiry profle (by	income)
2024 2025	2026	2027	2028	2029	2030	2031	2032	2033	2034+
0% 0%	2%	0%	13%	7%	8%	67%	2%	0%	0%

Sustainability metrics

NABERS ratings

Environmental performance data

Energy Intensity (MJ/m2)	184
Emissions (kg CO2-e/m2)	-2
Water (Litres/m3)	411
Waste (% recycled/diverted)	17
Green Star ratings
Performance	N/R
Design & As Built	N/R

Energy 5.5 Water 4.5 Waste 2.0 Indoor environment N/R Carbon neutral delivery Operating Yes Climate Active carbon neutral (Buildings) Certified

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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 2023

Current valuation

General

General					Current valuation
Ownership interest	100% GPT				Fair value		$128.5m
Acquired (by GPT)	May 2002				Capitalisation rate		6.00%
Asset quality	A Grade				Valuation type		Independent
Construction/Refurbishment	Completed 2018
Traditional custodians	Traditional	land of the Wanngal people
Property details (NLA)					Offce occupancy
Offce	15,600sqm				Actual		98.8%
Retail	100sqm				Including signed leases		98.8%
Car parking spaces	232				Including heads of agreement		98.8%
Typical foor plate	3,010sqm
Offce tenant details					Key tenants by income
Number of offce tenants	6				NSW Rural Fire Service		9,290sqm
WALE (by income)	6.0 years				Toyota		2,530sqm
Lease expiry profle (by income)
2024 2025	2026	2027	2028	2029	2030	2031	2032	2033	2034+
0% 0%	10%	2%	0%	22%	66%	0%	0%	0%	0%

Sustainability metrics

Sustainability metrics
NABERS ratings
Energy	5.5
Water	5.5
Waste	1.5
Indoor environment	N/R
Carbon neutral delivery
Operating	Yes
Climate Active carbon neutral (Buildings)	Certifed

Environmental performance data

Energy Intensity (MJ/m2)	169
Emissions (kg CO2-e/m2)	-2
Water (Litres/m3)	290
Waste (% recycled/diverted)	15
Green Star ratings
Performance	N/R
Design & As Built	N/R

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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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 2023

General					Current valuation
Ownership interest	100% GPT				Fair value		$44.0m
Acquired (by GPT)	November 2021				Capitalisation rate		6.75%
Asset quality	A Grade				Valuation type		Independent
Construction/Refurbishment	Completed 1986/Refurbished 2008
Traditional custodians	Traditional land of the Ngunnawal people
Property details (NLA)					Offce occupancy
Offce	10,200sqm				Actual		100.0%
Retail	N/A				Including signed leases		100.0%
Car parking spaces	109				Including heads of agreement		100.0%
Typical foor plate	1,540sqm
Offce tenant details					Key tenants by income
Number of offce tenants	1				Commonwealth of Australia		10,200sqm
WALE (by income)	2.5 years
Lease expiry profle (by income)
2024 2025	2026	2027	2028	2029	2030	2031	2032	2033	2034+
0% 0%	100%	0%	0%	0%	0%	0%	0%	0%	0%
Sustainability metrics1
NABERS ratings					Environmental performance		data
Energy		5.0			Energy Intensity (MJ/m2)		225
Water		N/R			Emissions (kg CO2-e/m2)		-41
Waste		N/A			Water (Litres/m3)		403
Indoor environment		N/R			Waste (% recycled/diverted)		N/A
Carbon neutral delivery					Green Star ratings
Operating		Yes			Performance		N/R
Climate Active carbon neutral	(Buildings)	Certifed			Design & As Built		N/R

1. 62 Northbourne Avenue has a NABERS Energy Whole building rating, as required by lease conditions. Waste recycling is managed by the tenant.

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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 2023

Current valuation

General

General					Current valuation
Ownership interest	100% GPT				Fair value		$741.0m
Acquired (by GPT)	May 1999				Capitalisation rate		5.50%
Asset quality	Premium Grade				Valuation type		Independent
Construction/Refurbishment	Completed 1991/Refurbished 2020
Traditional custodians	Traditional land of the Wurundjeri people
Property details (NLA)					Offce occupancy
Offce	65,800sqm				Actual		87.2%
Retail	40sqm				Including signed leases		90.8%
Car parking spaces	0				Including heads of agreement		92.6%
Typical foor plate	1,480sqm
Offce tenant details					Key tenants by income
Number of offce tenants	48				Members Equity Bank		13,680sqm
WALE (by income)	4.5 years				Allianz		7,260sqm
Lease expiry profle (by income)
2024 2025	2026	2027	2028	2029	2030	2031	2032	2033	2034+
16% 15%	8%	4%	13%	5%	5%	25%	10%	0%	0%

Sustainability metrics

Sustainability metrics
NABERS ratings
Energy	5.0
Water	5.0
Waste	2.0
Indoor environment	3.5
Carbon neutral delivery
Operating	Yes
Climate Active carbon neutral (Buildings)	Certifed

Environmental performance data

Energy Intensity (MJ/m2)	185
Emissions (kg CO2-e/m2)	-2
Water (Litres/m3)	273
Waste (% recycled/diverted)	15
Green Star ratings
Performance	N/R
Design & As Built	N/R

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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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 2023

Current valuation

General

General						Current valuation
Ownership interest	50% GPT					Fair value			GPT: $449.0m		GWOF: $449.0m
Co-owner	50% GWOF					Capitalisation rate			5.38%
Acquired	October 2014					Valuation type			Independent
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 (NLA)						Offce occupancy1
Offce	76,900sqm					Actual			89.3%
Retail	4,200sqm					Including signed leases			92.7%
Car parking spaces	413					Including heads of agreement			93.2%
Typical foor plate	181 William:		1,920sqm, 550 Bourke: 1,510sqm
Offce tenant details						Key tenants by income
Number of offce tenants	31					IAG			15,220sqm
WALE (by income)	4.9 years					State of Victoria			12,280sqm
Lease expiry profle (by income)
2024 2025	2026		2027	2028	2029	2030	2031	2032		2033		2034+
5% 3%	19%		13%	11%	10%	24%	12%	0%		3%		0%
Sustainability metrics2
NABERS ratings		181 William		550 Bourke		Environmental performance		data	Combined
Energy		5.0		4.5		Energy Intensity (MJ/m2)			208
Water		5.5		4.5		Emissions (kg CO2-e/m2)			-5
Waste		3.0		3.0		Water (Litres/m3)			238
Indoor Environment		5.0		5.0		Waste (% recycled/diverted)			26
Carbon neutral delivery		181 William		550 Bourke		Green Star ratings			181 William		550	Bourke
Operating		Yes		Yes		Performance			N/R		4
Climate Active carbon neutral	(Buildings)	Certifed		Certifed		Design & As Built			5		5

1. Landlord operated flexible space of 3,946sqm excluded from occupancy metrics.

2. Environmental performance data represents 181 William and 550 Bourke. NABERS Waste rating applies to 181 William and 550 Bourke.

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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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 2023

Current valuation

General

Fair value GPT: $363.3m GWOF: $726.7m Capitalisation rate 5.50% Valuation type Independent

Ownership interest 33.33% GPT Co-owners 66.67% GWOF Acquired October 2008 Asset quality Premium Grade Construction/Refurbishment Completed 2012 Traditional custodians Traditional land of the Yuggera people and the Turrbul people

Office occupancy[1]

Property details (NLA)

Property details (NLA)					Offce occupan	cy1
Offce	63,600sqm				Actual		97.4%
Retail	300sqm				Including signed leases		98.5%
Car parking spaces	114				Including heads	of agreement	98.5%
Typical foor plate	1,450sqm
Offce tenant details					Key tenants by income
Number of offce tenants	30				EY		7,500sqm
WALE (by income)	5.0 years				ANZ		7,130sqm
Lease expiry profle (by	income)
2024 2025	2026	2027	2028	2029	2030	2031	2032	2033	2034+
8% 4%	8%	6%	12%	50%	1%	3%	0%	0%	8%

Sustainability metrics

NABERS ratings

Environmental performance data

Energy Intensity (MJ/m2)	199
Emissions (kg CO2-e/m2)	-3
Water (Litres/m3)	502
Waste (% recycled/diverted)	52
Green Star ratings
Performance	N/R
Design & As Built	6

NABERS ratings
Energy	5.5
Water	4.5
Waste	4.0
Indoor environment	5.0
Carbon neutral delivery
Operating	Yes
Climate Active carbon neutral (Buildings)	Certifed

1. Landlord operated flexible space of 1,430sqm excluded from occupancy metrics.

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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Liberty Place, 161 Castlereagh Street, Sydney

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

Key metrics as at 31 December 2023

Current valuation

General

Fair value GWOF: $685.0m Capitalisation rate 5.00% Valuation type Independent

Ownership interest 50% GWOF Co-owner 50% ISPT Acquired April 2010 Asset quality Premium Grade Construction/Refurbishment Completed 2013 Traditional custodians Traditional land of the Gadigal people of the Eora nation

Office occupancy

Property details (NLA)

Property details (NLA)					Offce occupancy
Offce	56,500sqm				Actual	91.0%
Retail	2,900sqm				Including signed leases	91.0%
Car parking spaces	144				Including heads of agreement	91.0%
Typical foor plate	1,630sqm
Offce tenant details					Key tenants by income
Number of offce tenants	13				ANZ	22,600sqm
WALE (by income)	6.5 years				Herbert Smith Freehills	14,120sqm
Lease expiry profle (by	income)
2024 2025	2026	2027	2028	2029	2030 2031	2032	2033	2034+
0% 0%	4%	0%	40%	9%	9% 0%	0%	37%	0%

Sustainability metrics

NABERS ratings

Environmental performance data

Energy Intensity (MJ/m2)	304
Emissions (kg CO2-e/m2)	-5
Water (Litres/m3)	511
Waste (% recycled/diverted)	48
Green Star ratings
Performance	6
Design & As Built	6

NABERS ratings
Energy	5.0
Water	4.5
Waste	3.5
Indoor environment	6.0
Carbon neutral delivery
Operating	Yes
Climate Active carbon neutral (Buildings)	Certifed

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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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 2023

Current valuation

General

Ownership interest	100% GWOF				Fair value		$525.0m
Acquired	July 2006				Capitalisation rate		5.38%
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 (NLA)					Offce occupancy
Offce	29,800sqm				Actual		75.2%
Retail	30sqm				Including signed leases		80.1%
Car parking spaces	137				Including heads of agreement		80.1%
Typical foor plate	1,500sqm
Offce tenant details					Key tenants by income
Number of offce tenants	6				NTT		7,470sqm
WALE (by income)	3.9 years				Rabobank		6,050sqm
Lease expiry profle (by income)
2024 2025	2026	2027	2028	2029	2030	2031	2032	2033	2034+
3% 0%	31%	6%	38%	21%	0%	0%	0%	0%	0%

Sustainability metrics

NABERS ratings

Environmental performance data

Energy Intensity (MJ/m2)	244
Emissions (kg CO2-e/m2)	-2
Water (Litres/m3)	422
Waste (% recycled/diverted)	39
Green Star ratings
Performance	6
Design & As Built	N/R

NABERS ratings
Energy	5.5
Water	4.5
Waste	3.5
Indoor environment	4.5
Carbon neutral delivery
Operating	Yes
Climate Active carbon neutral (Buildings)	Certifed

26

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

OFFICE

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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 2023

Current valuation

General

Fair value $615.5m Capitalisation rate 5.63% Valuation type Independent

Ownership interest 100% GWOF Acquired July 2006 Asset quality A Grade Construction/Refurbishment Completed 1988/Refurbished 2002/2015 Traditional custodians Traditional land of the Gadigal people of the Eora nation

Office occupancy

Property details (NLA)

Offce	37,100sqm				Actual		98.4%
Retail	4,300sqm				Including signed leases		98.4%
Car parking spaces	141				Including heads of agreement		98.4%
Typical foor plate	1,300sqm
Offce tenant details					Key tenants by income
Number of offce tenants	26				Uber		3,890sqm
WALE (by income)	2.9 years				ELMO Software		3,830sqm
Lease expiry profle (by	income)
2024 2025	2026	2027	2028	2029	2030	2031	2032	2033	2034+
20% 17%	11%	27%	9%	9%	6%	0%	0%	0%	0%

Sustainability metrics

NABERS ratings

Environmental performance data

Energy Intensity (MJ/m2)	313
Emissions (kg CO2-e/m2)	-5
Water (Litres/m3)	453
Waste (% recycled/diverted)	41
Green Star ratings
Performance	N/R
Design & As Built	N/R

NABERS ratings
Energy	6.0
Water	4.5
Waste	4.0
Indoor environment	5.0
Carbon neutral delivery
Operating	Yes
Climate Active carbon neutral (Buildings)	Certifed

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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workplace[6] , 48 Pirrama Road, Sydney

workplace[6] is a waterfront A Grade six level office building achieving 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 2023

Current valuation

General

General						Current valuation
Ownership interest	100% GWOF					Fair value		$317.5m
Acquired	December 2007					Capitalisation rate		5.38%
Asset quality	A Grade					Valuation type		Independent
Construction/Refurbishment	Completed		2008
Traditional custodians	Traditional land of the Gadigal people of the
	Eora nation
Property details (NLA)						Offce occupancy
Offce	16,300sqm					Actual		100.0%
Retail	1,900sqm					Including signed leases		100.0%
Car parking spaces	135					Including heads of agreement		100.0%
Typical foor plate	3,620sqm
Offce tenant details						Key tenants by income
Number of offce tenants	1					Google		16,300sqm
WALE (by income)	4.9 years
Lease expiry profle (by income)
2024 2025	2026		2027	2028	2029	2030	2031	2032	2033	2034+
0% 0%	0%		0%	100%	0%	0%	0%	0%	0%	0%
Sustainability metrics
NABERS ratings						Environmental performance		data
Energy		5.5				Energy Intensity (MJ/m2)		199
Water		5.0				Emissions (kg CO2-e/m2)		-7
Waste		N/R				Water (Litres/m3)		319
Indoor environment		4.5				Waste (% recycled/diverted)		43
Carbon neutral delivery						Green Star ratings
Operating		Yes				Performance		N/R
Climate Active carbon neutral (Buildings)		Certifed				Design & As Built		6

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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155 Walker Street, North Sydney

Located in North Sydney, the site comprises 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 1,930sqm in a prime North Sydney location and provides the opportunity to create a new Prime Grade office tower targeting up to 45,000sqm dependent on planning outcomes. The site benefits from view corridors to the harbour and CBD, is a two minute walk from the metro station and a five 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 five minutes to Martin Place in the Sydney CBD.

Key metrics as at 31 December 2023

Current valuation

General

Fair value[1] $75.0m Capitalisation rate 7.25% Valuation type Independent

Ownership interest 100% GWOF Acquired

June 2022, additional settlement to occur in 2024

Asset quality B Grade (future office development site) Construction/Refurbishment 153 Walker St: Completed in 1973,

153 Walker St: Completed in 1973, refurbished in 2017 157 Walker St: Completed in 1971, refurbished in 2020

Office occupancy

155 Walker Street is held for future development so is not included in portfolio occupancy metrics.

Traditional custodians Traditional land of the Cammeraygal people

Sustainability metrics[2]

NABERS ratings

Environmental performance data

Energy Intensity (MJ/m2)	592
Emissions (kg CO2-e/m2)	71
Water (Litres/m3)	599
Waste (% recycled/diverted)	18
Green Star ratings
Performance	N/R
Design & As Built	N/R

Energy 2.5 Water 3.5 Waste N/R Indoor environment N/R Carbon neutral delivery Operating N/A Climate Active carbon neutral (Buildings) N/A

1. The fair value reflects the value of 157 Walker Street.

2. 155 Walker Street is held for development, so is excluded from the operating portfolio and Carbon Neutral certification targets. NABERS ratings and intensities are reported for the 157 Walker Street building.

Note: Artist’s impression of proposed future development site (subject to DA approval).

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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81 George Street, Parramatta

Located in the Parramatta CBD, the site consists of multiple adjoining lots totalling approximately 3,060sqm. 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.

Key metrics as at 31 December 2023

Current valuation

General

Fair value $50.0m Valuation type Independent

Ownership interest 100% GWOF December 2021, January 2022, March 2022, Acquired 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

Office occupancy

81 George Street is held for future development so is not included in portfolio occupancy metrics.

Sustainability metrics

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

Note: Artist’s impression of proposed future development site (subject to DA approval).

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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OFFICE

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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 75,000sqm.

Key metrics as at 31 December 2023

Current valuation

General

Fair value $53.5m Valuation type Independent

Ownership interest 100% GWOF Acquired June 2020, September 2020, December 2021 Asset quality Light commercial (future office development site) Construction/Refurbishment 1841 (restored 1991), 1985 Traditional custodians

Office Occupancy

91 George Street is held for future development so is not included in portfolio occupancy metrics.

Traditional land of the Burramattagal clan of the Darug people

Sustainability metrics

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

Note: Artist’s impression of proposed future development site (subject to DA approval).

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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2 Southbank Boulevard, Melbourne

2 Southbank Boulevard is located on the south bank 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 2023

Current valuation

General

Ownership interest 100% GWOF Fair value $693.0m Acquired June 2014 (50%) and March 2019 (50%) Capitalisation rate 5.38% Asset quality Premium Grade Valuation type Independent Construction/Refurbishment Completed 2008/Refurbished 2018 Traditional custodians Traditional land of the Wurundjeri people Property details (NLA) Office occupancy Office 53,900sqm Actual 90.5% Retail 700sqm Including signed leases 90.5% Car parking spaces 537 Including heads of agreement 91.8% Typical floor plate 1,860sqm Office tenant details Key tenants by income Number of office tenants 37 Ausnet Services 7,690sqm WALE (by income) 4.1 years CUB 6,390sqm Lease expiry profile (by income) 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034+ 11% 16% 4% 14% 24% 10% 16% 4% 3% 0% 0%

Sustainability metrics

NABERS ratings

Environmental performance data

Energy Intensity (MJ/m2)	256
Emissions (kg CO2-e/m2)	-4
Water (Litres/m3)	346
Waste (% recycled/diverted)	31
Green Star ratings
Performance	6
Design & As Built	N/R

Energy 5.0 Water 4.5 Waste 3.0 Indoor environment N/R Carbon neutral delivery Operating Yes Climate Active carbon neutral (Buildings) Certified

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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OFFICE

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8 Exhibition Street, Melbourne

Located at the Eastern 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 2023

Current valuation

General

General					Current valuation
Ownership interest	50% GWOF				Fair value		GWOF: $310.0m
Co-owner	50% KREIT				Capitalisation rate		5.13%
Acquired	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 (NLA)					Offce occupancy
Offce	44,500sqm				Actual		99.1%
Retail	200sqm				Including signed leases		99.1%
Car parking spaces	0				Including heads of agreement		99.1%
Typical foor plate	1,620sqm
Offce tenant details					Key tenants by income
Number of offce tenants	25				EY		14,940sqm
WALE (by income)	2.6 years				Amazon Web Services		4,860sqm
Lease expiry profle (by income)
2024 2025	2026	2027	2028	2029	2030	2031	2032	2033	2034+
16% 11%	36%	28%	5%	3%	1%	0%	0%	0%	0%

Sustainability metrics

NABERS ratings

Environmental performance data

Energy Intensity (MJ/m2)	252
Emissions (kg CO2-e/m2)	-27
Water (Litres/m3)	432
Waste (% recycled/diverted)	42
Green Star ratings
Performance	N/R
Design & As Built	N/R

NABERS ratings
Energy	4.5
Water	4.5
Waste	3.0
Indoor environment	5.5
Carbon neutral delivery
Operating	Yes
Climate Active carbon neutral (Buildings)	Certifed

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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OFFICE

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51 Flinders Lane, Melbourne

51 Flinders Lane is an underway office development with completion expected in late 2025. The project will incorporate 28,300sqm of prime office space and a 1,200sqm 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 6.0 Star NABERS Energy Rating, and Climate Active for Buildings carbon neutral certification when completed.

Key metrics as at 31 December 2023

Current valuation

General Current valuation Ownership interest 100% GWOF Fair value $150.0m Acquired August 2018 Valuation type Independent Asset quality Development underway Construction/Refurbishment Completed 1998 Traditional custodians Traditional land of the Wurundjeri people 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.

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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Queen & Collins, Melbourne

Queen & Collins comprises a 34 level A Grade office tower flanked by three integrated heritage buildings known as 380 Collins Street, 90 Queen Street and 388 Collins Street. The property benefits from a prestigious Collins Street location and is situated within close proximity to the retail core and nearby transport linkages. Queen & Collins 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 2023

General					Current valuation
Ownership interest	100% GWOF				Fair value		$511.0m
Acquired	December 2016				Capitalisation rate		5.13%
Asset quality	A Grade				Valuation type		Independent
Construction/Refurbishment	Completed	1993 (Offce Tower)/Refurbished 2021
Traditional custodians	Traditional land of the Wurundjeri people
Property details (NLA)					Offce occupancy1
Offce	33,600sqm				Actual		77.8%
Retail	1,300sqm				Including signed leases		93.2%
Car parking spaces	56				Including heads of agreement		96.0%
Typical foor plate	Podium: 1,320sqm, Tower: 910sqm
Offce tenant details					Key tenants by income
Number of offce tenants	23				Afterpay		4,800sqm
WALE (by income)	5.0 years				Hall & Wilcox		3,590sqm
Lease expiry profle (by income)
2024 2025	2026	2027	2028	2029	2030	2031	2032	2033	2034+
7% 8%	26%	6%	2%	20%	10%	3%	0%	6%	12%
Sustainability metrics2

Lease expiry profle (by income) 2024 2025 2026 7% 8% 26% Sustainability metrics2	2027 6%
NABERS ratings
Energy	N/A
Water	N/A
Waste	N/A
Indoor environment	N/A
Carbon neutral delivery
Operating	Yes
Climate Active carbon neutral (Buildings)	Certifed

Environmental performance data
Energy Intensity (MJ/m2)	346
Emissions (kg CO2-e/m2)	-10
Water (Litres/m3)	265
Waste (% recycled/diverted)	54
Green Star ratings
Performance	N/R
Design & As Built	6

1. Landlord operated flexible space of 1,464sqm excluded from occupancy metrics.

2. Queen & Collins NABERS ratings have been omitted due to the recent development completion.

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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OFFICE

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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 2023

Current valuation

General

General					Current valuation
Ownership interest	100% GWOF				Fair value		$251.0m
Acquired	July 2012				Capitalisation rate		5.13%
Asset quality	A Grade				Valuation type		Independent
Construction/Refurbishment	Completed	2014
Traditional custodians	Traditional land of the Wurundjeri people
Property details (NLA)					Offce occupancy
Offce	19,100sqm				Actual		100.0%
Retail	800sqm				Including signed leases		100.0%
Car parking spaces	143				Including heads of agreement		100.0%
Typical foor plate	1,520sqm
Offce tenant details					Key tenants by income
Number of offce tenants	6				Westpac		14,080sqm
WALE (by income)	7.3 years				VECCI		2,800sqm
Lease expiry profle (by income)
2024 2025	2026	2027	2028	2029	2030	2031	2032	2033	2034+
0% 15%	19%	0%	0%	2%	0%	0%	0%	65%	0%

Sustainability metrics

NABERS ratings

Environmental performance data

Energy Intensity (MJ/m2)	249
Emissions (kg CO2-e/m2)	-5
Water (Litres/m3)	381
Waste (% recycled/diverted)	32
Green Star ratings
Performance	N/R
Design & As Built	6

NABERS ratings
Energy	5.0
Water	4.5
Waste	3.0
Indoor environment	6.0
Carbon neutral delivery
Operating	Yes
Climate Active carbon neutral (Buildings)	Certifed

36

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

OFFICE

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530 Collins Street, Melbourne

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

Key metrics as at 31 December 2023

General					Current valuation
Ownership interest	100% GWOF				Fair value		$740.0m
Acquired	July 2006				Capitalisation rate		5.50%
Asset quality	Premium Grade				Valuation type		Independent
Construction/Refurbishment	Completed	1991/Refurbished 2009 and 2021
Traditional custodians	Traditional land of the Wurundjeri people
Property details (NLA)					Offce occupancy1
Offce	65,000sqm				Actual		74.4%
Retail	1,800sqm				Including signed leases		81.4%
Car parking spaces	304				Including heads of agreement		83.6%
Typical foor plate	Podium: 3,510sqm, Tower: 1,260sqm
Offce tenant details					Key tenants by income
Number of offce tenants	36				Suncorp		7,740sqm
WALE (by income)	4.7 years				Mills Oakley		5,390sqm
Lease expiry profle (by income)
2024 2025	2026	2027	2028	2029	2030	2031	2032	2033	2034+
12% 1%	11%	13%	12%	11%	27%	8%	0%	2%	2%

Sustainability metrics

Sustainability metrics
NABERS ratings
Energy	4.5
Water	4.5
Waste	3.0
Indoor environment	N/R
Carbon neutral delivery
Operating	Yes
Climate Active carbon neutral (Buildings)	Certifed

Environmental performance data
Energy Intensity (MJ/m2)	183
Emissions (kg CO2-e/m2)	-3
Water (Litres/m3)	315
Waste (% recycled/diverted)	30
Green Star ratings
Performance	N/R
Design & As Built	N/R

1. Landlord operated flexible space of 340sqm excluded from occupancy metrics.

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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655 Collins Street, Melbourne

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

Key metrics as at 31 December 2023

General					Current valuation
Ownership interest	100% GWOF				Fair value		$153.0m
Acquired	May 2014				Capitalisation rate		5.63%
Asset quality	A Grade				Valuation type		Independent
Construction/Refurbishment	Completed	2009
Traditional custodians	Traditional land of the Wurundjeri people
Property details (NLA)					Offce occupancy
Offce	16,600sqm				Actual		100.0%
Retail	N/A				Including signed leases		100.0%
Car parking spaces	89				Including heads of agreement		100.0%
Typical foor plate	2,500sqm
Offce tenant details					Key tenants by income
Number of offce tenants	1				Nine		16,600sqm
WALE (by income)	5.9 years
Lease expiry profle (by income)
2024 2025	2026	2027	2028	2029	2030	2031	2032	2033	2034+
0% 0%	0%	0%	0%	100%	0%	0%	0%	0%	0%

Sustainability metrics

NABERS ratings Energy 5.5 Water 5.5 Waste 2.5 Indoor environment 2.5 Carbon neutral delivery Operating Yes Climate Active carbon neutral (Buildings) Certified

Environmental performance data

Energy Intensity (MJ/m2)	281
Emissions (kg CO2-e/m2)	-7
Water (Litres/m3)	203
Waste (% recycled/diverted)	19
Green Star ratings
Performance	N/R
Design & As Built	5

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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OFFICE

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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 7,700sqm 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 5,660sqm, featuring excellent natural light to each elevation.

Key metrics as at 31 December 2023

General					Current valuation
Ownership interest	100% GWOF				Fair value		$448.0m
Acquired	May 2014				Capitalisation rate		5.25%
Asset quality	A Grade				Valuation type		Independent
Construction/Refurbishment	Completed	2007/Refurbished 2020
Traditional custodians	Traditional land of the Wurundjeri people
Property details (NLA)					Offce occupancy
Offce	41,400sqm				Actual		100.0%
Retail	N/A				Including signed leases		100.0%
Car parking spaces	422				Including heads of agreement		100.0%
Typical foor plate	5,660sqm
Offce tenant details					Key tenants by income
Number of offce tenants	1				Monash College		41,400sqm
WALE (by income)	11.8 years
Lease expiry profle (by income)
2024 2025	2026	2027	2028	2029	2030	2031	2032	2033	2034+
0% 0%	0%	0%	0%	0%	0%	0%	0%	0%	100%

Sustainability metrics

750 Collins Street has achieved a 5 Star Green Star – Design and As Built Rating. The asset is excluded from sustainability reporting as it is under the operational control of the tenant.

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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OFFICE

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800/808 Bourke Street, Melbourne

800 & 808 Bourke Street was 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 2023

General					Current valuation
Ownership interest	100% GWOF				Fair value		$515.0m
Acquired	July 2006				Capitalisation rate		5.63%
Asset quality	A Grade				Valuation type		Independent
Construction/Refurbishment	Completed	2004
Traditional custodians	Traditional land of the Wurundjeri people
Property details (NLA)					Offce occupancy
Offce	60,000sqm				Actual		100.0%
Retail	1,400sqm				Including signed leases		100.0%
Car parking spaces	416				Including heads of agreement		100.0%
Typical foor plate	3,500sqm
Offce tenant details					Key tenants by income
Number of offce tenants	2				NAB		35,300sqm
WALE (by income)	5.4 years				Commonwealth of Australia		24,690sqm
Lease expiry profle (by income)
2024 2025	2026	2027	2028	2029	2030	2031	2032	2033	2034+
0% 0%	0%	60%	0%	0%	0%	0%	40%	0%	0%

Sustainability metrics

Sustainability metrics
NABERS ratings
Energy	5.0
Water	5.0
Waste	2.0
Indoor environment	N/R
Carbon neutral delivery
Operating	Yes
Climate Active carbon neutral (Buildings)	Certifed

Environmental performance data

Energy Intensity (MJ/m2)	194
Emissions (kg CO2-e/m2)	-5
Water (Litres/m3)	205
Waste (% recycled/diverted)	24
Green Star ratings
Performance	N/R
Design & As Built	N/R

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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OFFICE

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Riverside Centre, 123 Eagle Street, Brisbane

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

Key metrics as at 31 December 2023

Current valuation
Fair value	$847.0m
Capitalisation rate	5.63%
Valuation type	Independent

General

Ownership interest 100% GWOF Acquired July 2006 Asset quality Premium Grade Construction/Refurbishment Completed 1986/Refurbished 2017 Traditional custodians Traditional land of the Yuggera people and the Turrbul people

Office occupancy

Property details (NLA)

Property details (NLA)					Offce occupanc	y
Offce	51,200sqm				Actual		99.2%
Retail	4,500sqm				Including signed leases		99.2%
Car parking spaces	497				Including heads of agreement		99.2%
Typical foor plate	1,500sqm
Offce tenant details					Key tenants by income
Number of offce tenants	45				Deloitte		7,890sqm
WALE (by income)	4.5 years				Westpac Group		6,720sqm
Lease expiry profle (by	income)
2024 2025	2026	2027	2028	2029	2030	2031	2032	2033	2034+
5% 15%	8%	7%	27%	23%	3%	8%	3%	1%	0%

Sustainability metrics

NABERS ratings

Environmental performance data

Energy Intensity (MJ/m2)	272
Emissions (kg CO2-e/m2)	0
Water (Litres/m3)	744
Waste (% recycled/diverted)	55
Green Star ratings
Performance	N/R
Design & As Built	N/R

Energy 5.0 Water 4.0 Waste N/R Indoor environment 4.5 Carbon neutral delivery Operating Yes Climate Active carbon neutral (Buildings) Certified

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

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Experience First

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Logistics

GPT – 2023 ANNUAL RESULT PROPERTY COMPENDIUM

New South Wales

==> picture [700 x 320] intentionally omitted <==

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

Penrith 12 M7 1 Erskine Park (7 assets)
Glendenning 13
Blacktown 9 2 Eastern Creek (3 assets)
11 Seven Hills M2 3 Huntingwood (2 assets)
A40
M4 A6 4
A44 3 Huntingwood A28 Wetherill Park (1 asset)
Erskine Park 2 M4 Parramatta A3 5 Yennora (2 assets)
1
Eastern A44 A1 6 Newington (1 asset)
A9 Creek A28 6 A3 A40
Newington 7
4 7
M12 WetherillSmithfield 5 Yennora A6 Sydney 8 Minto (1 asset)
Kemps Creek M7 Park Olympic Park A4 9 Seven Hills (1 asset)
A9 WesternBadgerysCreek A28 A22 Chullora A22 A22 A36 SydneyCBD 1011 Kingsgrove (1 asset)Blacktown (1 asset)
Sydney Airport A34 M1
(underway) A34 A6 10 Kingsgrove M8 12 Penrith (1 asset)
13
M5 Glendenning (1 asset)
Sydney
City centres Planned Motorway Airport
A9
8 Minto Arterial roads Airport Port
Port of
Motorways West Connex Sydney
----- End of picture text -----

• 1 Erskine Park (7 assets)

• 2 Eastern Creek (3 assets) 3 Huntingwood (2 assets) 4 Wetherill Park (1 asset)

• 7 Sydney Olympic Park (4 assets) 8 Minto (1 asset)

Note: 21 Pipeclay Avenue, Thornton not shown as located outside of map area.

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

50 Old Wallgrove Road, Eastern Creek
----- End of picture text -----

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

42 Cox Place, Glendenning
----- End of picture text -----

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

1B Huntingwood Drive, Huntingwood
----- End of picture text -----

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LOGISTICS

	Property details Current valuation Logistics occupancy (By area) WALE by income (Years) Key tenants Description GPT ownership (%) Acquired by GPT GLA (sqm) Site area (ha) 31 Dec 23 Fair Value ($m) 31 Dec 23 Cap Rate (%) Valuation type Actual (%) Incl. signed leases (%) Incl. heads of agreement (%)
New South Wales Eastern Creek – Traditional land of the Darug people 10 Interchange Drive 100 Aug 2012 15,200 3.0 50.0 4.88 Independent 100.0 100.0 100.0 3.8 Pact Group Modern warehouse/offce facility located in the core market of Eastern Creek. The site benefts from its close proximity to the M4/M7 Motorway Interchange. 54 Eastern Creek Drive 100 Apr 2016 25,400 5.1 77.5 5.00 Independent 100.0 100.0 100.0 1.1 Silk Logistics Developed by GPT in 2018, the modern warehouse/offce facility is located in the core market of Eastern Creek. The site benefts from its close proximity to the M4/M7 Motorway Interchange. 50 Old Wallgrove Road 100 Jun 2016 30,100 5.3 104.0 5.25 Independent 100.0 100.0 100.0 3.1 ACR Supply Partners Developed by GPT in 2019, the modern warehouse/offce facility is located in the core market of Eastern Creek. The site benefts from its close proximity to the M4/M7 MotorwayInterchange.
Erskine Park – Traditional land of the Darug people 16-34 Templar Road 100 Jun 2008 15,200 4.0 82.3 4.75 Independent 100.0 100.0 100.0 5.5 Goodman Fielder Developed by GPT in 2009, the purpose built warehouse/ offce facility is located in the core market of Erskine Park. The site benefts from its close proximity to the M4/M7 Motorway Interchange. 36-52 Templar Road 100 Jun 2008 24,500 6.2 148.0 4.88 Independent 100.0 100.0 100.0 11.1 Woolworths Group Developed by GPT in 2015, the purpose built warehouse/ offce facility is located in the core market of Erskine Park. The site benefts from its close proximity to the M4/M7 Motorway Interchange. 54-70 Templar Road 100 Jun 2008 21,000 4.3 204.0 5.00 Independent 100.0 100.0 100.0 11.5 Coles Group Developed by GPT in 2015, the purpose built temperature controlled facility is located in the core market of Erskine Park. The site benefts from its close proximity to the M4/ M7 Motorway Interchange. 67-75 Templar Road 100 Jun 2008 12,800 2.3 43.4 4.88 Independent 100.0 100.0 100.0 3.1 Flexible Logistics Developed by GPT in 2010, the modern warehouse/ offce facility is located in the core market of Erskine Park. The site benefts from its close proximity to the M4/M7 Motorway Interchange. 29-55 Lockwood Road 100 Jun 2008 32,200 8.8 149.0 4.75 Independent 100.0 100.0 100.0 6.0 FedEx Developed by GPT in 2014, the modern warehouse/ offce facility is located in the core market of Erskine Park. The site benefts from its close proximity to the M4/M7 Motorway Interchange. 57-87 & 89-99 Lockwood Road 100 Jul 2019 37,700 9.2 141.5 4.88 Independent 100.0 100.0 100.0 8.2 Rondo CSR The asset comprises two modern warehouse/offce facilities located in the core market of Erskine Park. The site benefts from its close proximity to the M4/M7 MotorwayInterchange.
Penrith – Traditional land of the Darug people 128 Andrews Road 100 Jul 2019 50,200 12.1 105.0 5.25 Independent 100.0 100.0 100.0 6.7 Visy Glass Developed by GPT in 2020, the purpose built warehouse/offce facility is strategically located adjacent to the occupier's manufacturing operations. The site benefts from its close proximity to the M4, Great Western Highwayand Northern Road.

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LOGISTICS

	Property details Current valuation Logistics occupancy (By area) WALE by income (Years) Key tenants Description GPT ownership (%) Acquired by GPT GLA (sqm) Site area (ha) 31 Dec 23 Fair Value ($m) 31 Dec 23 Cap Rate (%) Valuation type Actual (%) Incl. signed leases (%) Incl. heads of agreement (%)
New South Wales Glendenning – Traditional land of the Darug people 42 Cox Place 100 Dec 2019 17,200 3.1 55.0 4.75 Independent 100.0 100.0 100.0 7.2 Total Tyres Developed by GPT in 2021, the warehouse/offce facility is located in the core market of Glendenning. The site benefts from its close proximity to the M4/M7 MotorwayInterchange.
Minto – Traditional land of the Dharawal people 407 Pembroke Road1 50 Oct 2008 15,400 4.6 47.8 4.63 Independent 100.0 100.0 100.0 0.9 Unilever The purpose built, temperature controlled facility is located in the core market of Minto. The site benefts from its closeproximityto the M5 & M7 motorways.
Newington – Traditional land of the Wanngal people 4 Holker Street 100 Mar 2006 7,400 0.7 43.0 5.88 Independent 100.0 100.0 100.0 2.7 TPG Telecom The high-tech data and business recovery centre is located within close proximity of the Parramatta CBD. The facility has benefted from signifcant infrastructure upgrades undertaken by GPT and the operator throughout its occupation.
Sydney Olympic Park – Traditional land of the Wanngal people Sydney Olympic Park Town Centre 100 Jun 2010/ Apr 2013 9,200 2.1 56.4 N/A Internal 91.4 91.4 91.4 3.9 Precise Air Group NSW Ambulance 3 Figtree Drive and 6 Herb Elliot Avenue are two existing low rise warehouse/offce facilities. The combined site provides potential future mixed use redevelopment opportunities being located directly adjacent the future Sydney Olympic Park Metro Station. Both assets are held as inventory. Quad 1 100 Jun 2001 4,700 0.9 24.0 7.00 Independent 78.0 78.0 92.0 2.1 Property NSW Tutt Bryant High quality offce facility located within the integrated offce precinct of Sydney Olympic Park, located close to signifcant infrastructure and public recreational amenities. The asset currently holds a 5.5 star NABERS Energy rating, a 6.0 star NABERS Water rating and a 4.0 star NABERS Waste rating. Quad 4 100 Jun 2004 7,600 0.8 57.5 6.13 Independent 100.0 100.0 100.0 8.0 ACPE Balanced Investment Group High quality offce facility located within the integrated offce precinct of Sydney Olympic Park, located close to signifcant 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 51.0 5.50 Independent 100.0 100.0 100.0 1.2 Infrabuild Warehouse/offce facility located in the inner market of Wetherill Park. The site benefts from its close proximity to the Cumberland Highway.

1. Site area and fair value excludes development land.

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	Property details Current valuation Logistics occupancy (By area) WALE by income (Years) Key tenants Description GPT ownership (%) Acquired by GPT GLA (sqm) Site area (ha) 31 Dec 23 Fair Value ($m) 31 Dec 23 Cap Rate (%) Valuation type Actual (%) Incl. signed leases (%) Incl. heads of agreement (%)
New South Wales Yennora – Traditional land of the Darug people 38 Pine Road 100 Nov 2013 33,200 7.4 122.0 5.25 Independent 100.0 100.0 100.0 3.2 Mars Australia Two modern warehouse/offce facilities connected by an integrated breezeway. Yennora is an inner market that benefts from its close proximity to the M4 Motorway and Cumberland Highway. 38A Pine Road 100 Nov 2013 4,800 1.1 21.3 5.25 Independent 100.0 100.0 100.0 3.2 Westcon Group Developed by GPT in 2020, the modern warehouse/ offce facility is located in the inner market of Yennora, benefting from its close proximity to the M4 Motorway and Cumberland Highway.
Seven Hills – Traditional land of the Darug people 18-24 Abbott Road 100 Oct 2006 18,100 4.0 76.8 5.25 Independent 100.0 100.0 100.0 4.3 Laing O’Rourke Australia Post Developed by GPT in 2017, the modern dual tenancy warehouse/offce facility is located in the inner market of Seven Hills. The site benefts 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 65.0 4.63 Independent 100.0 100.0 100.0 3.6 IVE Group The warehouse/offce facility was signifcantly repositioned by GPT in 2017. Huntingwood is a core market, benefting from its close proximity to the M4 & M7 motorways. 1B Huntingwood Drive 100 Oct 2016 11,300 3.1 38.4 4.88 Independent 100.0 100.0 100.0 1.7 Cahill Transport Developed by GPT in 2018, the modern warehouse/ offce facility is located in the core market of Huntingwood. The site benefts from its close proximity to the M4 & M7 motorways.
Kingsgrove – Traditional land of the Bidjigal people of the Eora nation 104 Vanessa Street 100 May 2019 7,100 1.2 33.8 5.00 Independent 100.0 100.0 100.0 6.6 Disability Services Australia The warehouse/offce facility is located in the inner market of Kingsgrove. The site benefts from its close proximityto the M5 Motorway.
Blacktown – Traditional land of the Darug people 30-32 Bessemer Street 100 May 2019 20,100 4.5 46.0 5.50 Independent 100.0 100.0 100.0 2.0 Snack Brands Australia Warehouse/offce facility located in the inner market of Blacktown. The site benefts 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 3.7 5.75 Independent 100.0 100.0 100.0 6.8 COPE Sensitive Freight Modern warehouse facility located approximately 25 kilometres north-west of Newcastle. The site benefts from its close proximity to the New England Highwayand M1 Motorway.

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Victoria

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Melbourne A58 10 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 MelbourneCBD Box Hill A34
Laverton 3 6 Brooklyn
North
AltonaNorth MelbournePort of A24 M1 A26
M1 A23 Glen Waverley
M3 8 Knoxfield
C109 Brighton
Moorabin
A33
A3 Springvale
M1
A10 A23
9 Keysborough
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1 Botero Place, Truganina
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21 Shiny Drive, Gateway Logistics Hub, Truganina
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1 Tarneit (1 asset)

2 Truganina (9 assets)

3 Laverton North (2 assets)

4 Derrimut (2 assets)

5 Sunshine (1 asset)

6 Altona North (1 asset)

7 Brooklyn (1 asset)

8 Knoxfield (1 asset)

9 Keysborough (2 assets)

10 Somerton (1 asset)

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25 Niton Drive, Gateway Logistics Hub, Truganina
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	Property details Current valuation Logistics occupancy (By area) WALE by income (Years) Key tenants Description GPT ownership (%) Acquired by GPT GLA (sqm) Site area (ha) 31 Dec 23 Fair Value ($m) 31 Dec 23 Cap Rate (%) Valuation type Actual (%) Incl. signed leases (%) Incl. heads of agreement (%)
Victoria Altona North – Traditional land of the Bunurong people Citiwest Industrial Estate 100 Aug 1994 90,100 20.2 159.4 5.45 Independent 92.4 92.4 100.0 2.9 Super Retail Group Dutton Garage The estate comprises six warehouse/offce facilities leased to a number of national occupiers. Altona North is an inner market, benefting from its close proximity to the Western RingRoad and Westgate Freeway.
Sunshine – Traditional land of the Wurundjeri people Sunshine Business Estate 100 Jan 2018 52,800 8.9 107.0 5.38 Independent 100.0 100.0 100.0 2.9 IVE Group The estate comprises four modern warehouse/offce facilities and is leased to a single occupier. Sunshine is an inner market, benefting from its close proximity to the Western RingRoad and Westgate Freeway.
Brooklyn – Traditional land of the Bunurong people 521 Geelong Road 100 Nov 2021 12,600 5.2 44.0 N/A Independent 100.0 100.0 100.0 5.3 Tasman Logistics Services The site currently holds a warehouse/offce facility and the 5.2 hectare site provides long term redevelopment opportunities. Brooklyn is an inner market, providing nearby access to the Westgate Freewayand Port of Melbourne.
Derrimut – Traditional land of the Bunurong people 396 Mount Derrimut Road 100 Nov 2018 10,700 1.9 20.5 5.50 Independent 100.0 100.0 100.0 2.0 Mesh & Bar Modern warehouse/offce facility located in the core market of Derrimut. The site benefts from its close proximity to the Western Ring Road. 40 Fulton Drive 100 Nov 2021 6,500 2.1 16.0 5.25 Independent 100.0 100.0 100.0 6.8 COPE Sensitive Freight Modern warehouse/offce facility located in the core market of Derrimut. The site benefts from its close proximityto the Western RingRoad.
Truganina – Traditional land of the Bunurong people 21 Shiny Drive 100 Nov 2018 26,500 4.2 50.5 5.00 Independent 100.0 100.0 100.0 2.5 Godfrey Hirst Petstock Developed in 2019 and forming part of GPT’s Gateway Logistics Hub estate, the modern warehouse/offce facility is located in the core market of Truganina. The estate benefts from its close proximity to the Western Ring Road. 2 Prosperity Street 100 Nov 2018 24,000 3.9 50.0 5.25 Independent 100.0 100.0 100.0 3.0 DHL Developed in 2021 and forming part of GPT’s Gateway Logistics Hub estate, the modern warehouse/offce facility is located in the core market of Truganina. 24A & 24B Niton Drive 100 Jul 2019 27,300 5.0 57.5 5.25 Independent 100.0 100.0 100.0 4.0 Nature’s Best Daikin Developed in 2023 and forming part of GPT’s Gateway Logistics Hub estate, the modern warehouse/offce facility is located in the core market of Truganina. 25 Niton Drive 100 Jul 2019 29,800 4.5 62.0 5.50 Independent 100.0 100.0 100.0 2.7 The Hut Group Developed in 2021 and forming part of GPT’s Gateway Logistics Hub estate, the modern warehouse/offce facility is located in the core market of Truganina. 30 Niton Drive 100 Jul 2019 31,700 5.1 71.0 5.25 Independent 100.0 100.0 100.0 0.4 BTI Logistics Developed in 2023 and forming part of GPT’s Gateway Logistics Hub estate, this modern warehouse/offce facilityis located in the core market of Truganina.

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	Property details Current valuation Logistics occupancy (By area) WALE by income (Years) Key tenants Description GPT ownership (%) Acquired by GPT GLA (sqm) Site area (ha) 31 Dec 23 Fair Value ($m) 31 Dec 23 Cap Rate (%) Valuation type Actual (%) Incl. signed leases (%) Incl. heads of agreement (%)
Victoria 1 Botero Place Foundation Estate 143 Foundation Road 399 Boundary Road	100 May 2020 23,800 4.9 50.0 5.13 Independent 100.0 100.0 100.0 6.4 DHL Purpose built for DHL, the temperature controlled warehouse and offce is located in the core market of Truganina. The site benefts from its close proximity to the Western Ring Road. 100 Dec 2020 44,100 9.4 125.3 5.25 Independent 100.0 100.0 100.0 6.2 Laverton Cold Storage Couriers Please The estate comprises fve modern warehouse/offce facilities located in the core market of Truganina. The site benefts from its close proximity to the Western Ring Road. 100 Dec 2020 10,700 2.0 21.5 5.25 Independent 100.0 100.0 100.0 5.6 Interior Secrets Developed by GPT in 2022, the modern warehouse/ offce facility is located in the core market of Truganina. The asset has been certifed 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. 100 Dec 2018 11,900 2.4 28.3 5.25 Independent 100.0 100.0 100.0 5.2 Krueger Transport Equipment Modern warehouse/offce facility located in the core market of Truganina. The site benefts from its close proximityto the Western RingRoad.
Tarneit – Traditional land of the Bunurong people 1 Hurst Drive 50.1 Apr 2021 70,100 11.4 64.1 5.38 Independent 100.0 100.0 100.0 8.5 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 benefts 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 67.5 5.25 Independent 100.0 100.0 100.0 2.5 Spotlight This warehouse/offce facility is located in the inner market of Laverton North. The site benefts from its close proximity to the Western Ring Road. 79 Cherry Lane 100 Nov 2021 17,000 3.1 38.4 5.00 Independent 100.0 100.0 100.0 14.7 Probiotec Pharma Purpose built pharmaceutical grade and warehousing facilities located in the inner market of Laverton North. The site benefts from its close proximityto the Western RingRoad.
Knoxfeld – Traditional land of the Wurundjeri people 16 Henderson Road 100 Nov 2021 14,500 2.4 29.0 5.00 Independent 100.0 100.0 100.0 8.8 Prydes Confectionery The purpose built temperature controlled facility is located in the established mixed-use precinct of Knoxfeld. The site benefts from its close proximity to the Eastlink Tollwayand Ferntree GullyRoad.
Somerton – Traditional land of the Wurundjeri people Austrak Business Park1 50 Oct 2003 193,700 63.4 214.4 5.88 Independent 100.0 100.0 100.0 2.3 Linfox Coles Group The business park comprises six modern warehouse/logistics facilities, leased to various national operators, and an intermodal rail terminal. It is located in the core market of Somerton.

1. Site area and fair value excludes development land. WALE by income excludes rail terminal ground lease.

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Property details Current valuation Logistics occupancy (By area) WALE by income (Years) Key tenants Description GPT ownership (%) Acquired by GPT GLA (sqm) Site area (ha) 31 Dec 23 Fair Value ($m) 31 Dec 23 Cap Rate (%) Valuation type Actual (%) Incl. signed leases (%) Incl. heads of agreement (%)

Victoria Keysborough – Traditional land of the Bunurong people Keylink Estate – South 50.1 Jun 2021 38,100 5.5 44.1 5.13 Independent 100.0 100.0 100.0 8.7 Early Settler Located at 26-46 Bend Road, this asset reached practical completion in 2022. The asset features a dual tenancy warehouse/offce facility, currently occupied by a single tenant. The site is located in the South East market of Keysborough and benefts from its close proximity to the Eastlink Freeway. This asset is held in the GPT QuadReal Logistics Trust. Keylink Estate – North 50.1 Feb 2022 22,800 4.5 30.8 5.13 Independent 100.0 100.0 100.0 3.8 AFS Logistics Hartman Pacifc Located at 35-45 Bend Road, this asset reached practical completion in 2023 and is made up of three tenancies across two warehouse/offce facilities. The site is located in the South East market of Keysborough and benefts from its close proximity to the Eastlink Freeway. This asset is held in the GPT QuadReal Logistics Trust.

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Queensland

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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
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1 Tingalpa (1 asset)

2 Murarrie (1 asset)

3 Karawatha (1 asset)

4 Berrinba (4 assets)

5 Crestmead (1 asset)

6 Wacol (3 assets)

7 Bundamba (2 assets)

8 Wulkuraka (1 asset)

Note: 15 Northern Link Circuit, Townsville is not shown.

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18 Gorrick Court, Bundamba
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100 Metroplex Place, Wacol
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2 Ironbark Close, Wembley Business Park, Berrinba
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	Property details Current valuation Logistics occupancy (By area) WALE by income (Years) Key tenants Description GPT ownership (%) Acquired by GPT GLA (sqm) Site area (ha) 31 Dec 23 Fair Value ($m) 31 Dec 23 Cap Rate (%) Valuation type Actual (%) Incl. signed leases (%) Incl. heads of agreement (%)
Queensland Karawatha – Traditional land of the Yuggera people 59 Forest Way 100 Dec 2012 44,000 13.4 158.0 5.50 Independent 100.0 100.0 100.0 5.2 Toll Developed by GPT in 2014, the purpose built distribution centre is located in a core market and benefts from its closeproximityto the Logan Motorway.
Wacol – Traditional land of the Yuggera and the Turrbul people 55 Whitelaw Place 100 Dec 2016 5,600 2.1 20.5 5.38 Independent 100.0 100.0 100.0 8.4 Loscam Australia Developed by GPT in 2017, the purpose built warehouse/offce facility is located in a core market and benefts from its close proximity to the Ipswich and Centenary motorways. 100 Metroplex Place 50.1 Mar 2021 17,100 3.5 21.0 5.38 Independent 100.0 100.0 100.0 3.4 Mainfreight Bulk Transport Developed by GPT in 2022, this asset comprises two modern warehouse/offce facilities in the core market of Wacol. This asset is held in the GPT QuadReal Logistics Trust. 149 & 153 Coulson Street 50.1 Jul 2021 17,600 3.2 21.8 5.38 Independent 100.0 100.0 100.0 4.4 Mainfreight Developed by GPT in 2023, this modern warehouse/offce facility is located 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 56.5 5.38 Independent 100.0 100.0 100.0 6.2 DHL Developed by GPT in 2020 as the frst stage of Wembley Business Park, the purpose built facility incorporates two warehouses connected by a super- awning. Berrinba is a core market that benefts from its close proximity to the Logan Motorway. 30 Ironbark Close 100 Jun 2015 14,400 3.4 36.6 5.38 Independent 100.0 100.0 100.0 2.9 DHL Windoware Developed by GPT in 2020 as the second stage of Wembley Business Park, the facility is a dual tenancy warehouse/offce facility occupied by two tenants. 1 Wattlebird Court 100 Jun 2015 16,300 3.6 41.5 5.38 Independent 100.0 100.0 100.0 3.5 Mainfreight Nature’s Best Developed by GPT in 2021 as the third stage of Wembley Business Park, the facility is a dual tenancy warehouse/ offce facility occupied by two tenants. 2 Wattlebird Court 100 Jun 2015 21,900 4.3 54.0 5.38 Independent 100.0 100.0 100.0 5.3 JB Hi-Fi InterCentral Logistics Developed by GPT in 2022, as the fnal stage of the Wembley Business Park estate, the facility is a dual tenancy warehouse/offce facility occupied by two tenants.
Crestmead – Traditional land of the Yuggera and the Turrbul people 102-108 Magnesium Drive 100 Nov 2021 8,800 1.8 22.0 5.50 Independent 100.0 100.0 100.0 8.2 Oxworks Modern warehouse/offce facility located in the core market of Crestmead. The site benefts from its close proximityto the Logan Motorway.
Tingalpa – Traditional land of the Yuggera and the Turrbul people 248 Fleming Road 100 Nov 2021 5,200 1.0 24.8 5.75 Independent 100.0 100.0 100.0 2.5 Royal Foods Two temperature controlled facilities located in the inner market of Tingalpa. The site benefts from its close proximityto the GatewayMotorway.

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	Property details Current valuation Logistics occupancy (By area) WALE by income (Years) Key tenants Description GPT ownership (%) Acquired by GPT GLA (sqm) Site area (ha) 31 Dec 23 Fair Value ($m) 31 Dec 23 Cap Rate (%) Valuation type Actual (%) Incl. signed leases (%) Incl. heads of agreement (%)
Queensland Murarrie – Traditional land of the Yuggera people 48 Miller Street 100 Nov 2021 4,000 0.8 27.5 6.25 Independent 100.0 100.0 100.0 4.9 Tritium Modern laboratory/warehouse facility located in the inner market of Murarrie. The site benefts from its close proximityto the GatewayMotorway.
Bundamba – Traditional land of the Yuggera and the Turrbul people 18 Gorrick Court 50.1 Nov 2021 12,500 3.6 17.6 5.38 Independent 100.0 100.0 100.0 4.4 Saab Australia 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. 22 Hume Drive 50.1 Nov 2021 11,700 1.5 12.9 5.50 Independent 0.0 0.0 0.0 N/A N/A Developed by GPT in 2023, this modern warehouse/ offce facility 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 and the Turrbul people 4 Enterprise Street 100 Nov 2021 25,900 4.2 90.5 5.00 Independent 100.0 100.0 100.0 17.7 Asahi Purpose built manufacturing facility located within close proximity of the Ipswich CBD. The asset benefts from its closeproximityto the Warrego Highway.
Townsville – Traditional land of the Bindal and the Wulgurukaba people 15 Northern Link Circuit 100 Nov 2021 4,800 1.5 24.0 6.00 Independent 100.0 100.0 100.0 8.0 Bega Dairy & Drinks Purpose built temperature controlled facility completed in 2020. The asset is located in Shaw, approximately 15 kilometres from the Townsville CBD.

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South Australia

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A20
A9 M2
Gillman 3 5
Wingfield A16
Port of Adelaide A16
A10
A2
4
Royal A1
Park A7
A11
City centre
A14 Arterial roads
A15
Motorways
A17
Adelaide
A6 CBD Airport
1 A2 Port
2
Adelaide
Airport
A3
M1
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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

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26 Butler Boulevard, Adelaide Airport
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176 Eastern Parade, Gillman
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1A Symonds Street, Royal Park
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	Property details Current valuation Logistics occupancy (By area) WALE by income (Years) Key tenants Description GPT ownership (%) Acquired by GPT GLA (sqm) Site area (ha) 31 Dec 23 Fair Value ($m) 31 Dec 23 Cap Rate (%) Valuation type Actual (%) Incl. signed leases (%) Incl. heads of agreement (%)
South Australia Adelaide Airport – Traditional land of the Kaurna people 1 Vimy Avenue 100 Nov 2021 9,800 1.9 16.8 5.75 Independent 100.0 100.0 100.0 5.4 Bunzl Outsourcing Services Modern warehouse/distribution facility located directly adjacent to the Adelaide Airport and within close proximity of the CBD. 26 Butler Boulevard 100 Nov 2021 6,800 1.5 15.3 5.25 Independent 100.0 100.0 100.0 6.9 Boart Longyear Modern warehouse/distribution facility located directly adjacent to the Adelaide Airport and within close proximityof the CBD.
Gillman – Traditional land of the Kaurna people 176 Eastern Parade 100 Nov 2021 6,800 2.4 17.0 5.50 Independent 100.0 100.0 100.0 2.0 Qube Logistics Refurbished warehouse facility with extensive container rated hardstand areas. It is located within close proximityof the Port of Adelaide.
Royal Park – Traditional land of the Kaurna people 1A Symonds Street 100 Nov 2021 2,700 0.7 5.2 6.00 Independent 100.0 100.0 100.0 6.8 COPE Sensitive Freight Warehouse/offce facility providing dual side dock access. The site benefts from its proximity to the Port of Adelaide and the CBD.
Wingfeld – Traditional land of the Kaurna people 6-10 Senna Road 100 Nov 2021 13,400 2.9 32.5 5.25 Independent 100.0 100.0 100.0 2.5 GPC Asia Pacifc Modern warehouse/offce and showroom facility. The site benefts from its close proximity to the North- South Motorway.

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Western Australia

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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
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1 15 Modal Crescent, Canning Vale

2 23 Destiny Way, Wangara

3 50 Triumph Avenue, Wangara

4 56 Triumph Avenue, Wangara

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15 Modal Crescent, Canning Vale
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23 Destiny Way, Wangara
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50 Triumph Avenue, Wangara
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Logistics occupancy (By area)

	Property details Current valuation Logistics occupancy (By area) WALE by income (Years) Key tenants Description GPT ownership (%) Acquired by GPT GLA (sqm) Site area (ha) 31 Dec 23 Fair Value ($m) 31 Dec 23 Cap Rate (%) Valuation type Actual (%) Incl. signed leases (%) Incl. heads of agreement (%)
Western Australia Canning Vale – Traditional land of the Whadjuk people of the Noongar nation 15 Modal Crescent 100 Nov 2021 9,600 3.1 22.3 6.00 Independent 100.0 100.0 100.0 6.8 COPE Sensitive Freight Modern warehouse/offce facility located in the core market of CanningVale.
Wangara – Traditional land of the Whadjuk people of the Noongar nation 23 Destiny Way 100 Nov 2021 4,700 3.1 20.5 6.00 Independent 100.0 100.0 100.0 0.7 Global Construction Services Modern workshop/offce facility located in the core market of Wangara. 50 Triumph Avenue 100 Nov 2021 3,700 0.8 8.5 5.75 Independent 100.0 100.0 100.0 2.0 ContiTech Australia Modern warehouse/offce facility located in the core market of Wangara. 56 Triumph Avenue 100 Nov 2021 2,800 0.6 5.5 6.00 Independent 100.0 100.0 100.0 1.7 Glass Processing Modern warehouse/offce facility located in the core market of Wangara.

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Australian Capital Territory

	Property details Current valuation Logistics occupancy (By area) WALE by income (Years) Key tenants Description GPT ownership (%) Acquired by GPT GLA (sqm) Site area (ha) 31 Dec 23 Fair Value ($m) 31 Dec 23 Cap Rate (%) Valuation type Actual (%) Incl. signed leases (%) Incl. heads of agreement (%)
Australian Capital Territory Symonston – Traditional land of the Ngunnawal people 12 Faulding Street 100 Nov 2021 3,300 0.7 16.6 6.25 Independent 100.0 100.0 100.0 1.1 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 hardstandparking.

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