GPT Interim Result

Property Compendium 2015

Retail Portfolio	3
GWSCF Portfolio	13
Office Portfolio	23
GWOF Portfolio	32
Logistics Portfolio	51
GMF Portfolio	76

GPT Interim Result

2015 Retail Portfolio

Casuarina Square, Northern Territory

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

Servicing the local community since 1973, Casuarina Square offers customers an extensive selection of stores and services in a modern environment. The centre includes two discount department stores, two supermarkets, a variety of specialty stores and a cinema entertainment offer.

Construction works were completed in late 2014 on a 303 bed student accommodation facility at Casuarina Square. The development has the full support of Charles Darwin University and will meet the strong demand for students lodging in the region. Unilodge is the operator of the facility.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	50% GPT	Fair Value1		\$274.0m
Co-Owner	GWSCF (50%)	Capitalisation Rate2		6.00%
Acquired (by GPT)	October 1973	Terminal Capitalisation Rate2		6.25%
Asset Type	Regional Centre	Discount Rate2		8.50%
Construction/Refurbishment	Completed 1973 / Refurbished 1998	Valuation Type		Internal
		Income (6 months)		\$7.9m
Property Details		Sales Information
Retail	51,000 sqm		Total Centre	Specialties
Office	100 sqm	Sales Turnover	\$8,518	\$11,303
Other	2,500 sqm	per Square Metre
Total	53,500 sqm	Occupancy Costs	10.0%	15.8%
		Annual Centre Turnover	\$393.4m
Centre Details		Key Tenants
Number of Tenancies	183		Area (sqm)	Expiry Date
Car Parking Spaces	2,410	Kmart	7,450	September 2030
Specialty expiry profile		Big W	6,130	December 2030
by base rent	2H 2015: 15% 2016: 23% 2017: 15%	Woolworths	5,020	June 2018
Water intensity Retail Occupancy	Emissions intensity (litres/m2) 99.9%	BCC Cinemas	4,120	December 2018
(litres/m2)		Coles	3,750	December 2020

Sustainability

Includes retail and student accommodation. 2. Retail component only.

0 500 1,000 1,500 2,000 2,500

3,000

Note: Sustainability data as at 31 December 2014.

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

The super regional centre comprises a Myer department store, two discount department stores and two full line supermarkets. In addition, the centre has a strong entertainment, leisure and lifestyle component.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	100% GPT	Fair Value		\$845.7m
Acquired (by GPT)	December 1977	Capitalisation Rate		5.75%
Asset Type	Super Regional Centre	Terminal Capitalisation Rate		6.00%
Construction/Refurbishment	Completed 1979 /	Discount Rate		8.50%
	Refurbished 1989, 2011	Valuation Type		External
		Income (6 months)		\$25.3m
Property Details		Sales Information
Retail	80,100 sqm		Total Centre	Specialties
Office	1,700 sqm	Sales Turnover	\$6,736	\$10,178
Other	8,400 sqm	per Square Metre
Total	90,200 sqm	Occupancy Costs	10.9%	15.8%
		Annual Centre Turnover	\$535.7m
Centre Details		Key Tenants
Number of Tenancies	315		Area (sqm)	Expiry Date
Car Parking Spaces	3,450	Myer	11,500	October 2035
Specialty expiry profile	2H 2015: 33% 2016: 22% 2017: 24%	Big W	7,750	October 2030
by base rent		Target	5,590	July 2016
Retail Occupancy	99.1%	Woolworths	4,800	August 2030
		Reading Cinemas	4,580	October 2025
		Coles	4,320	August 2030

Dandenong Plaza, Victoria

Dandenong Plaza is located in south-east Melbourne. The Centre is the retail heart of central Dandenong, a social and economic centre of south-east metropolitan Melbourne and culturally diverse locality in Victoria. The Centre has been servicing its local region and community since 1989.

Repositioning works were completed late 2014 replacing Myer with four new mini-majors (Aldi, Trade Secret, Daiso and JB Hi-Fi).

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	100% GPT	Fair Value		\$188.4m
Acquired (by GPT)	December 1993	Capitalisation Rate		8.00%
Asset Type	Regional Centre	Terminal Capitalisation Rate		8.25%
Construction/Refurbishment	Completed 1989 /	Discount Rate		9.50%
	Refurbished 1995, 2014	Valuation Type		Internal
		Income (6 months)		\$8.9m
Property Details		Sales Information1
Retail	56,400 sqm		Total Centre	Specialties
Office	0 sqm	Sales Turnover per square metre	\$5,028	\$6,459
Other	700 sqm	Occupancy Costs	10.6%	18.0%
Total	57,100 sqm	Annual Centre Turnover	\$211.7m
Centre Details		Key Tenants
Number of Tenancies	192		Area (sqm)	Expiry Date
Car Parking Spaces	3,248	Target	6,660	July 2022
Specialty expiry profile by base rent	2H 2015: 20% 2016: 19% 2017: 22%	Kmart Safeway	5,790 3,890	July 2027 December 2019
Retail Occupancy²	98.7%	Coles	3,300	May 2028
		Reading Cinemas	2,780	August 2023
		Aldi	1,600	October 2024

Sustainability

Development impacted.

Note: Sustainability data as at 31 December 2014. 2. Excludes Level 4 currently under development.

Highpoint Shopping Centre, Victoria

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

Highpoint is one of the largest shopping centres in Australia and incorporates close to 500 stores including western Melbourne's first David Jones, as well as several international retailers including Zara, Topshop, Apple and Samsung.

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

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest Co-Owners Acquired (by GPT) Asset Type Construction/Refurbishment	16.67% GPT GWSCF (58.33%) Highpoint Property Group (25%) August 2009 Super Regional Centre Main Centre: Completed 1975 / Refurbished 1989, 1995, 2006, 2013 Homemaker Centre: Completed 1990	Fair Value¹ Capitalisation Rate Terminal Capitalisation Rate Discount Rate Valuation Type Income (6 months)		\$331.2m 5.25% 5.38% 8.25% Internal \$8.9m
Property Details		Sales Information
Retail	144,300 sqm		Total Centre	Specialties
Office	1,600 sqm	Sales Turnover	\$6,584	\$10,116
Other	6,700 sqm	per Square Metre
Total	152,600 sqm	Occupancy Costs	13.8%	19.8%
		Annual Centre Turnover	\$931.0m
Centre Details		Key Tenants
Number of Tenancies	492		Area (sqm)	Expiry Date
Car Parking Spaces	7,276	Myer	19,120	June 2021
Specialty expiry profile by base rent	2H 2015: 12% 2016: 18% 2017: 15%	David Jones Target	14,000 9,920	March 2033 July 2020
Retail Occupancy	100.0%	Hoyts	9,030	April 2019
		Big W	8,160	June 2025
		Woolworths	4,240	October 2032

Sustainability

Note: Sustainability data as at 31 December 2014. 8

1. Includes Homemaker City Maribyrnong.

1,200 1,000

Melbourne Central is a landmark office and retail property, located in the Melbourne CBD. Surrounding the historic Shot Tower, Melbourne Central features contemporary fashion retailers as well as a vibrant entertainment precinct.

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

A GPT managed retail asset, the 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 30 June 2015

General		Current Valuation
Ownership Interest	100% GPT	Fair Value¹		\$1,051.3m
Acquired (by GPT)	May 1999	Capitalisation Rate²		5.50%
Asset Type	City Centre	Terminal Capitalisation Rate²		5.75%
Construction/Refurbishment	Completed 1991 /	Discount Rate²		8.50%
	Refurbished 2005, 2011	Valuation Type		Internal
		Income (6 months)		\$32.6m
Property Details		Sales Information
Retail	46,200 sqm		Total Centre	Specialties
Office	0 sqm	Sales Turnover per Square Metre	\$8,547	\$10,233
Other	6,600 sqm	Occupancy Costs	17.6%	21.1%
Total	52,800 sqm	Annual Centre Turnover	\$418.5m
Centre Details		Key Tenants
Number of Tenancies	302		Area (sqm)	Expiry Date
Car Parking Spaces	822	Hoyts	7,710	September 2020
Specialty expiry profile by base rent	2H 2015: 18% 2016: 26% 2017: 14%	Coles	1,310	September 2019
Retail Occupancy	99.6%

Sustainability

Includes retail and car park. 2. Retail component only. Note: Sustainability data as at 31 December 2014.

Rouse Hill Town Centre, New South Wales

Rouse Hill Town Centre is located approximately 35km north-west of the Sydney CBD. Rouse Hill Town Centre combines the traditional values and streetscape of a contemporary market town with the latest shopping, dining and lifestyle choices, and has set a new standard for sustainable retail developments.

The centre is located along Windsor Road in the Baulkham Hills Local Government Area and features two discount department stores, two supermarkets and a cinema/entertainment precinct.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest Acquired (by GPT) Asset Type Construction/Refurbishment	100% GPT Stage 1: September 2007 Stage 2: March 2008 Regional Centre Completed 2008	Fair Value Capitalisation Rate Terminal Capitalisation Rate Discount Rate Valuation Type Income (6 months)		\$500.4m 6.00% 6.25% 8.75% Internal \$15.4m
Property Details		Sales Information
Retail	62,400 sqm		Total Centre	Specialties
Office	1,400 sqm	Sales Turnover per Square Metre	\$6,878	\$8,003
Other	5,200 sqm	Occupancy Costs	9.0%	14.3%
Total	69,000 sqm	Annual Centre Turnover	\$416.0m
Centre Details		Key Tenants
Number of Tenancies	245		Area (sqm)	Expiry Date
Car Parking Spaces	2,767	Big W	8,560	March 2028
Specialty expiry profile	2H 2015: 10% 2016: 11% 2017: 14%	Target	6,820	March 2028
by base rent		Reading Cinemas	5,780	April 2023
Retail Occupancy	99.9%	Woolworths	4,610	September 2027
		Coles	4,120	September 2027

Sustainability

Note: This asset not operational in baseline year (2005). Sustainability data as at 31 December 2014. 10

Sunshine Plaza, Queensland

Sunshine Plaza is located in Maroochydore on Queensland's Sunshine Coast. The centre includes the region's only Myer department store, two discount department stores and two full line supermarkets. In addition, the centre has a strong entertainment, leisure and lifestyle component.

Sunshine Plaza is owned jointly with Australian Prime Property Fund Retail and is managed by Lend Lease.

David Jones have agreed terms to open a store at Sunshine Plaza as part of a future development of the centre.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	50% GPT	Fair Value		\$411.8m
Co-Owner	Australian Prime Property Fund Retail (50%)	Capitalisation Rate		5.75%
Acquired (by GPT)	December 1992	Terminal Capitalisation Rate		6.00%
Asset Type	Major Regional Centre	Discount Rate		8.50%
Construction/Refurbishment	Completed 1994 / Refurbished 2002	Valuation Type		External
		Income (6 months)		\$12.1m
Property Details		Sales Information
Retail	71,700 sqm		Total Centre	Specialties
Office	200 sqm	Sales Turnover	\$8,386	\$11,477
Other	700 sqm	per Square Metre
Total	72,600 sqm	Occupancy Costs	11.4%	18.8%
		Annual Centre Turnover	\$516.3m
Centre Details		Key Tenants
Number of Tenancies	249		Area (sqm)	Expiry Date
Car Parking Spaces	3,536	Myer	12,890	July 2024
Specialty expiry profile		Target	6,920	July 2018
by base rent	2H 2015: 24% 2016: 20% 2017: 17%	Kmart	6,590	September 2020
Retail Occupancy	99.1%	Coles	5,850	February 2033
		BCC Cinemas	4,690	November 2022
		Woolworths	3,880	November 2022

Sustainability

1,000

1,500

500

Westfield Penrith, New South Wales

Westfield Penrith is a super-regional shopping centre located in the heart of Penrith, which is approximately a one hour drive west of the Sydney CBD. The centre includes a Myer department store, two discount department stores, a cinema complex and two supermarkets.

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

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	50% GPT	Fair Value		\$590.0m
Co-Owner	Scentre Group (50%)	Capitalisation Rate		5.50%
Acquired (by GPT)	June 1971	Terminal Capitalisation Rate		5.75%
Asset Type	Super Regional Centre	Discount Rate		8.25%
Construction/Refurbishment	Completed 1971 / Refurbished 2005	Valuation Type		External
		Income (6 months)		\$16.7m
Property Details		Sales Information
Retail	84,200 sqm		Total Centre	Specialties
Office	3,900 sqm	Sales Turnover	\$7,465	\$11,642
Other	2,900 sqm	per Square Metre
Total	91,100 sqm	Occupancy Costs	12.3%	17.9%
		Annual Centre Turnover	\$610.7m
Centre Details		Key Tenants
Number of Tenancies	315		Area (sqm)	Expiry Date
Car Parking Spaces	3,600	Myer	20,110	July 2033
Specialty expiry profile		Big W	8,740	March 2037
by base rent	2H 2015: 12% 2016: 32% 2017: 16%	Target	7,100	July 2019
Retail Occupancy	100.0%	Hoyts	4,790	April 2018
		Woolworths	3,800	March 2032

Aldi 1,620 November 2028

Casuarina Square, Northern Territory

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	50% GWSCF	Fair Value1	\$273.9m
Co-Owner	GPT (50%)	Capitalisation Rate2	6.00%
Acquired (by GWSCF)	June 2012	Terminal Capitalisation Rate2	6.25%
Asset Type	Regional Centre	Discount Rate2	8.50%
Construction/Refurbishment	Completed 1973 / Refurbished 1998	Valuation Type	Internal
Property Details		Sales Information
Retail	51,000 sqm		Total Centre	Specialties
Office	100 sqm	Sales Turnover	\$8,518	\$11,303
Other	2,500 sqm	per Square Metre
Total	53,500 sqm	Occupancy Costs	10.0%	15.8%
		Annual Centre Turnover	\$393.4m
Centre Details		Key Tenants
Number of Tenancies	183		Area (sqm)	Expiry Date
Car Parking Spaces	2,410	Kmart	7,450	September 2030
Specialty expiry profile Water intensity by base rent	2H 2015: 15% 2016: 23% 2017: 15% Emissions intensity (litres/m2)	Big W Woolworths	6,130 5,020	December 2030 June 2018
(litres/m2) Retail Occupancy	99.9%	BCC Cinemas	4,120	December 2018
		Coles	3,750	December 2020

Sustainability

Includes retail and student accommodation.
Retail component only.

Note: Sustainability data as at 31 December 2014.

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 two discount department stores, three supermarkets, over 100 specialty stores and an eight-screen Reading Cinema. The centre provides an excellent convenience offer in the north-eastern region of Melbourne.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	100% GWSCF	Fair Value Capitalisation Rate		\$253.0m
Acquired (by GWSCF)	March 2007			6.50%
Asset Type	Regional Centre	Terminal Capitalisation Rate		6.75%
Construction/Refurbishment	Completed 1979 /	Discount Rate		8.50%
	Refurbished 1999, 2002	Valuation Type		External
Property Details		Sales Information
Retail	36,000 sqm		Total Centre	Specialties
Office	0 sqm	Sales Turnover per Square Metre	\$7,763	\$11,059
Other	1,900 sqm	Occupancy Costs	8.0%	16.0%
Total	37,900 sqm	Annual Centre Turnover	\$261.3m
Centre Details		Key Tenants
Number of Tenancies	115		Area (sqm)	Expiry Date
Car Parking Spaces	2,045	Kmart	8,250	June 2028
Specialty expiry profile	2H 2015: 20% 2016: 23% 2017: 12%	Target	4,770	July 2018
by base rent		Woolworths	4,180	September 2019
Retail Occupancy	100.0%	Reading Cinemas	3,500	May 2016
		Coles	3,290	September 2024
		Aldi	1,370	April 2018

Forestway Shopping Centre, New South Wales

Forestway Shopping Centre is a convenience based shopping centre situated in an affluent market in the suburb of Frenchs Forest, approximately 13 kilometres north of the Sydney CBD. The centre is highly productive and includes two supermarkets and a strong service offer.

Forestway Shopping Centre has been servicing the local community since 1964 and offers customers an extensive selection of stores and services. With a long standing association with the community, the centre continues to evolve to meet the needs of the area.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest Acquired (by GWSCF) Asset Type Construction/Refurbishment	100% GWSCF March 2007 Neighbourhood Centre Completed 1964 / Refurbished 2004	Fair Value Capitalisation Rate Terminal Capitalisation Rate Discount Rate Valuation Type		\$94.1m 6.75% 7.00% 8.50% Internal
Property Details		Sales Information
Retail Office Other Total Centre Details	8,100 sqm 900 sqm 600 sqm 9,600 sqm	Sales Turnover per Square Metre Occupancy Costs Annual Centre Turnover Key Tenants	Total Centre \$16,594 6.5% \$98.2m	Specialties \$10,590 17.3%
Number of Tenancies Car Parking Spaces Specialty expiry profile by base rent Retail Occupancy	53 437 2H 2015: 2% 2016: 16% 2017: 10% 97.3%	Woolworths Aldi	Area (sqm) 2,660 1,250	Expiry Date November 2028 March 2023

Sustainability

500

1,000

1,500

2,000

2,500

Highpoint Shopping Centre, Victoria

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

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

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest Co-Owners Acquired (by GWSCF) Asset Type Construction/Refurbishment	58.33% GWSCF GPT (16.67%) Highpoint Property Group (25%) March 2007 Super Regional Centre Main Centre: Completed 1975 / Refurbished 1989, 1995, 2006, 2013 Homemaker Centre: Completed 1990	Fair Value¹ Capitalisation Rate Terminal Capitalisation Rate Discount Rate Valuation Type		\$1,158.5m 5.25% 5.38% 8.25% Internal
Property Details		Sales Information
			Total Centre	Specialties
Retail Office	144,300 sqm 1,600 sqm	Sales Turnover per Square Metre	\$6,584	\$10,116
Other	6,700 sqm	Occupancy Costs	13.8%	19.8%
Total	152,600 sqm	Annual Centre Turnover	\$931.0m
Centre Details		Key Tenants
			Area (sqm)	Expiry Date
Number of Tenancies	492	Myer	19,120	June 2021
Car Parking Spaces	7,276	David Jones	14,000	March 2033
Specialty expiry profile by base rent	2H 2015: 12% 2016: 18% 2017: 15%	Target	9,920	July 2020
Retail Occupancy	100.0%	Hoyts	9,030	April 2019
		Big W	8,160	June 2025
		Woolworths	4,240	October 2032

Sustainability

Note: Sustainability data as at 31 December 2014. 1. Includes Homemaker City Maribyrnong. 16

1,200 1,000

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. As the only regional centre in its trade area, the centre provides customers with a unique retail, entertainment and community destination. The centre includes a department store, two discount department stores, two supermarkets, a variety of specialty stores and a cinema entertainment offer.

In July 2015, the co-owners announced that work has begun on a \$240 million re-development of the centre, adding approximately 16,000 square metres to the property and including a new full line Coles, Aldi and Harris Scarfe, and refurbished David Jones, Woolworths and Target stores. The development also adds approximately 45 specialty stores, a fresh food market hall, new dining offer and improved car parking.

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

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	50% GWSCF	Fair Value		\$421.7m
Co-Owner	Australian Prime Property Fund Retail (50%)	Capitalisation Rate		6.00%
Acquired (by GWSCF)	March 2007	Terminal Capitalisation Rate		6.25%
Asset Type	Major Regional Centre	Discount Rate		8.25%
Construction/Refurbishment	Completed 1979 / Refurbished 2006	Valuation Type		Internal
Property Details		Sales Information
Retail	82,400 sqm		Total Centre	Specialties
Office	2,400 sqm	Sales Turnover per Square Metre	\$6,298	\$9,450
Other	9,700 sqm	Occupancy Costs	11.3%	17.3%
Total	94,600 sqm	Annual Centre Turnover	\$561.8m
Centre Details		Key Tenants
Number of Tenancies	303		Area (sqm)	Expiry Date
Car Parking Spaces	3,600	David Jones	12,240	April 2017
Specialty expiry profile	2H 2015: 22% 2016: 25% 2017: 19%	Big W	8,790	September 2019
by base rent		Event Cinemas	6,090	March 2021
Retail Occupancy	99.7%	Target	4,450	April 2016
		Woolworths	4,190	November 2015

Coles 3,760 November 2020

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

The centre includes a department store, two discount department stores, three supermarkets and a cinema entertainment offer. The trade area in which the centre is located is supported by strong demographic trends including above average household income levels and continued infill and high density development which will drive future population growth.

General		Current Valuation
Ownership Interest	50% GWSCF	Fair Value		\$500.4m
Co-Owner	Vicinity Centres (50%)	Capitalisation Rate		5.75%
Acquired (by GWSCF)	May 2014	Terminal Capitalisation Rate		5.88%
Asset Type	Super Regional Centre	Discount Rate		8.25%
Construction/Refurbishment	Completed 1966 / Last refurbished 2009	Valuation Type		Internal
Property Details		Sales Information
Retail	91,600 sqm		Total Centre	Specialties
Office	1,200 sqm	Sales Turnover per Square Metre	\$5,799	\$8,344
Other	3,800 sqm	Occupancy Costs	13.6%	20.6%
Total	96,600 sqm	Annual Centre Turnover	\$511.2m
Centre Details		Key Tenants
Number of Tenancies	322		Area (sqm)	Expiry Date
Car Parking Spaces	4,640	Myer	18,510	June 2028
Specialty expiry profile	2H 2015: 20% 2016: 33% 2017: 11%	Target	6,890	November 2024
by base rent		Kmart	6,500	March 2024
Retail Occupancy	99.5%	Hoyts	6,180	December 2017
		Coles	4,220	December 2023
		Woolworths	4,030	July 2019
		Aldi	1,500	November 2024

Norton Plaza, New South Wales

Norton Plaza is located in Leichhardt, six kilometres west of the Sydney CBD and is a high performing neighbourhood shopping centre anchored by a full line Coles supermarket and Norton Street Grocer.

The centre is located on Norton Street and embodies the European flavour of Leichhardt and the community's appreciation for the best in food, quality products and outstanding service.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	100% GWSCF	Fair Value		\$122.2m
Acquired (by GWSCF)	November 2007	Capitalisation Rate		6.50%
Asset Type	Neighbourhood Centre	Terminal Capitalisation Rate		6.75%
Construction/Refurbishment	Completed late 1990s and 2000	Discount Rate		8.50%
		Valuation Type		External
Property Details		Sales Information
Retail	9,500 sqm		Total Centre	Specialties
Office	800 sqm	Sales Turnover	\$13,997	\$11,757
Other	1,500 sqm	per Square Metre
Total	11,800 sqm	Occupancy Costs	6.4%	13.6%
		Annual Centre Turnover	\$119.6m
Centre Details		Key Tenants
Number of Tenancies	49		Area (sqm)	Expiry Date
Car Parking Spaces	485	Coles	3,770	November 2019
Specialty expiry profile by base rent	2H 2015: 1% 2016: 20% 2017: 14%
Retail Occupancy	100.0%

Parkmore Shopping Centre, Victoria

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

Parkmore Shopping Centre incorporates two discount department stores and two supermarkets as well as a strong convenience and service offering, with approximately 130 stores.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest Acquired (by GWSCF) Asset Type Construction/Refurbishment	100% GWSCF March 2007 Regional Centre Completed 1973 / Refurbished 1995, 2007	Fair Value Capitalisation Rate Terminal Capitalisation Rate Discount Rate Valuation Type		\$231.4m 6.75% 7.00% 8.75% Internal
Property Details		Sales Information
Retail	36,700 sqm		Total Centre	Specialties
Office	0 sqm	Sales Turnover per Square Metre	\$7,214	\$8,486
Other	200 sqm	Occupancy Costs	8.0%	15.3%
Total	36,800 sqm	Annual Centre Turnover	\$249.4m
Centre Details		Key Tenants
Number of Tenancies	129		Area (sqm)	Expiry Date
Car Parking Spaces	2,630	Kmart	8,390	September 2017
Specialty expiry profile by base rent	2H 2015: 14% 2016: 29% 2017: 23%	Big W Coles	6,670 3,850	November 2015 August 2024
Retail Occupancy	98.7%	Woolworths	3,490	July 2027

Westfield Woden, Australian Capital Territory

Westfield Woden is one of the largest shopping, leisure and lifestyle destinations in Canberra, and is approximately a 10 minute drive south of the CBD. The centre includes a strong retail offer, with a department store, discount department store and two supermarkets, as well as a cinema complex and over 200 specialty retailers. Westfield Woden is owned jointly with, and managed by Scentre.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	50% GWSCF	Fair Value		\$318.0m
Co-Owner	Scentre Group (50%)	Capitalisation Rate		6.25%
Acquired (by GWSCF)	June 2012	Terminal Capitalisation Rate		6.50%
Asset Type	Major Regional Centre	Discount Rate		8.50%
Construction/Refurbishment	Completed 1972 / Refurbished 2000	Valuation Type		External
Property Details		Sales Information
Retail	64,800 sqm		Total Centre	Specialties
Office	6,600 sqm	Sales Turnover per Square Metre	\$6,040	\$8,685
Other	900 sqm	Occupancy Costs	11.7%	18.8%
Total	72,300 sqm	Annual Centre Turnover	\$362.9m
Centre Details		Key Tenants
Number of Tenancies	232		Area (sqm)	Expiry Date
Car Parking Spaces	2,700	David Jones	13,630	March 2030
Specialty expiry profile	2H 2015: 18% 2016: 18% 2017: 17%	Big W	8,490	August 2019
by base rent		Woolworths	4,080	March 2019
Retail Occupancy	98.4%	Hoyts	3,780	June 2020
		Coles	3,400	March 2024

Wollongong Central, New South Wales

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

The Wollongong Central expansion officially opened in October 2014. The 18,000 sqm expansion delivers a unique retail experience including approximately 75 additional specialty stores, a new Coles supermarket, a new Target discount department store and over 650 car spaces.

The expansion also provides Wollongong with a fresh, fast and casual dining feature which includes a city-central food offer and food court .

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	100% GWSCF	Fair Value1		\$494.6m
Acquired (by GWSCF)	March 2007	Capitalisation Rate		6.00%
Asset Type	City Centre	Terminal Capitalisation Rate		6.25%
Construction/Refurbishment	Completed 1975 / Refurbished 1985, 2009, 2014	Discount Rate		8.25%
		Valuation Type		External
Property Details		Sales Information2
Retail	50,300 sqm		Total Centre	Specialties
Office	3,000 sqm	Sales Turnover	\$5,538	\$8,124
Other	2,900 sqm	per Square Metre
Total	56,200 sqm	Occupancy Costs	13.4%	18.3%
		Annual Centre Turnover	\$232.8m
Centre Details		Key Tenants
Number of Tenancies	230		Area (sqm)	Expiry Date
Car Parking Spaces	2,000	Myer	12,140	October 2016
Specialty expiry profile by base rent	2H 2015: 18% 2016: 19% 2017: 7%	Coles	4,100	October 2034
Retail Occupancy	97.6%	Target David Jones	2,650 1,840	October 2024 October 2015

Sustainability

Includes ancillary properties.
Development impacted. Note: Sustainability data as at 31 December 2014. 22

GPT Interim Result

Australia Square, 264 George Street, Sydney

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

The Tower at Australia Square has achieved a 4.0 star NABERS Energy rating and a 3.0 star NABERS Water rating, with the Plaza achieving a 5.5 star NABERS Energy rating and a 4.0 star NABERS Water rating.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	50% GPT	Fair Value		\$338.3m
Co-Owner	Dexus Property Group (50%)	Capitalisation Rate		6.12%
Acquired (by GPT)	September 1981	Terminal Capitalisation Rate		6.28%
Asset Quality	A-Grade	Discount Rate		7.80%
Construction/Refurbishment	Completed 1967 / Refurbished 2004	Valuation Type		External
		Income (6 months)		\$11.2m
Property Details		Office Occupancy
Office	51,400 sqm	Actual		97.2%
Retail	1,600 sqm	Including Signed Leases		97.7%
Car Parking Spaces	385	Including Heads of Agreement		99.7%
Typical Floor Plate	1,030 sqm
Office Tenant Details		Key Tenants
Number of Tenancies	77		Area (sqm)	Expiry Date
WALE (by income)	4.9 years	HWL Ebsworth	6,200	September 2026
Water intensity Water intensity	Emissions intensity (litres/m2) Emissions intensity (litres/m2)	Origin Energy	5,150	August 2019

Sustainability Lease Expiry Profile

By Income

Citigroup Centre, 2 Park Street, Sydney

The Citigroup Centre at 2 Park Street is a landmark Premium Grade office building located on the corner of George and Park Streets, Sydney. 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 connected to a four level retail podium which has access to Town Hall Station, offering easy access to public transport to all areas of the Sydney CBD.

Citigroup Centre has achieved a 5.0 star NABERS Energy rating and a 3.5 star NABERS Water rating.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	50% GPT	Fair Value		\$440.4m
Co-Owner	Charter Hall Office Trust (50%)	Capitalisation Rate		6.25%
Acquired (by GPT)	December 2001	Terminal Capitalisation Rate		6.50%
Asset Quality	Premium Grade	Discount Rate		8.00%
Construction/Refurbishment	Completed 2000	Valuation Type		Internal
		Income (6 months)		\$14.6m
Property Details		Office Occupancy
Office	73,200 sqm	Actual		91.2%
Retail	500 sqm	Including Signed Leases		94.0%
Car Parking Spaces	282	Including Heads of Agreement		94.8%
Typical Floor Plate	1,770 sqm
Office Tenant Details		Key Tenants
Number of Tenancies	40		Area (sqm)	Expiry Date
WALE (by income)	6.0 years	Citibank	15,030	July 2024
		Gilbert + Tobin	9,280	June 2016

Operational Waste (% reused/recycled)

Sustainability Lease Expiry Profile

By Income

2H 2015

MLC Centre, 19 Martin Place, Sydney

The MLC Centre dominates the Sydney skyline, and is located in the core of the Sydney CBD, bordered by Martin Place, Castlereagh and King Streets. The MLC Centre is in the heart of Sydney's commercial, legal and financial district and comprises a 67 level tower, an extensive retail complex, expansive outdoor areas, car parking and the Theatre Royal. The retail precinct includes a dominant food court and a number of international fashion brands.

The MLC Centre has achieved a 5.0 star NABERS Energy rating and a 4.0 star NABERS Water rating.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	50% GPT	Fair Value		\$411.7m
Co-Owner	QIC (50%)	Capitalisation Rate		6.75%
Acquired (by GPT)	April 1987	Terminal Capitalisation Rate		6.88%
Asset Quality	A-Grade	Discount Rate		8.50%
Construction/Refurbishment	Completed 1978 /	Valuation Type		Internal
	Refurbished late 1990s	Income (6 months)		\$9.7m
Property Details		Office Occupancy
Office	67,500 sqm	Actual		68.7%
Retail	5,200 sqm	Including Signed Leases		79.0%
Car Parking Spaces	297	Including Heads of Agreement		86.7%
Typical Floor Plate	1,200 sqm
Office Tenant Details		Key Tenants
Number of Tenancies	41		Area (sqm)	Expiry Date
WALE (by income)	6.4 years	Government – NSW	5,000	March 2016
		Tresscox Lawyers	4,140	August 2022

Operational Waste (% reused/recycled) 100%

Sustainability Lease Expiry Profile

By Income

Governor Phillip & Governor Macquarie Towers, 1 Farrer Place, Sydney

1 Farrer Place is regarded as Sydney's pre-eminent office building with expansive harbour views. The complex consists of 85,900 sqm of Premium Grade accommodation comprising Governor Phillip tower, a 64 level office building; Governor Macquarie Tower, a 41 level office building; Phillip Street Terraces, being five restored historic terraces; and nine levels of basement car parking for over 650 cars.

Governor Macquarie Tower has achieved a 4.0 star NABERS Energy rating and a 3.5 star NABERS Water rating. Governor Phillip Tower has achieved a 4.5 star NABERS Energy rating and a 3.5 star NABERS Water rating.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest Co-Owners Acquired (by GPT) Asset Quality Construction/Refurbishment	25% GPT Dexus Property Group (50%) APPF Commercial (25%) December 2003 Premium Grade Completed 1993 / 1994	Fair Value Capitalisation Rate Terminal Capitalisation Rate Discount Rate Valuation Type Income (6 months)		\$362.5m 5.50% 5.75% 7.50% External \$10.0m
Property Details		Office Occupancy
Office Retail Car Parking Spaces Typical Floor Plate	85,600 sqm 300 sqm 654 GPT: 1,450 sqm GMT: 1,200 sqm	Actual Including Signed Leases Including Heads of Agreement		63.6% 77.1% 78.9%
Office Tenant Details		Key Tenants
Number of Tenancies WALE (by income)	43 6.8 years	King & Wood Mallesons Bank of America Merrill Lynch	Area (sqm) 10,390 5,180	Expiry Date September 2026 August 2022

Sustainability Lease Expiry Profile

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. The asset is occupied by blue chip, banking and Government tenants.

The building has a 4.5 star NABERS Energy rating and a 3.0 star NABERS Water rating.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	100% GPT	Fair Value		\$431.6m
Acquired (by GPT)	May 1999	Capitalisation Rate		6.38%
Asset Quality	Premium Grade	Terminal Capitalisation Rate		6.63%
Construction/Refurbishment	Completed 1991	Discount Rate		8.25%
		Valuation Type		Internal
		Income (6 months)		\$14.5m
Property Details		Office Occupancy
Office	65,600 sqm	Actual		96.5%
Retail	n/a	Including Signed Leases		96.5%
Car Parking Spaces	n/a	Including Heads of Agreement		97.1%
Typical Floor Plate	1,480 sqm
Office Tenant Details		Key Tenants
Number of Tenancies	16		Area (sqm)	Expiry Date
WALE (by income)	4.1 years	Members Equity Bank	12,200	January 2021
		NBN Co	10,810	December 2017 / February 2020

By Income

CBW, Corner of Bourke & William Streets, Melbourne

CBW is an A-Grade office complex located in the core of Melbourne's CBD and comprises a mixed use development incorporating 181 William Street, 550 Bourke Street and Goldsbrough Lane.

181 William Street comprises a 26 level office tower which occupies a prominent position on the north west corner of William Street and Bourke Street. 550 Bourke Street comprises a 19 level office tower located west of 181 William Street and borders Ramsay Lane. Goldsbrough Lane is the retail precinct of the complex and comprises an undercover retail plaza and pathway which provides pedestrian access between the two office towers.

CBW has achieved a 5.0 star Green Star rating, a 5.0 star NABERS Energy rating and a 4.5 star NABERS Water rating.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	50% GPT	Fair Value		\$304.9m
Co-Owner	GWOF (50%)	Capitalisation Rate		6.50%
Acquired (by GPT)	October 2014	Terminal Capitalisation Rate		6.75%
Asset Quality	A-Grade	Discount Rate		8.25%
Construction/Refurbishment	Completed 2009	Valuation Type		Internal
		Income (6 months)		\$9.2m
Property Details		Office Occupancy
Office	76,100 sqm	Actual		98.0%
Retail	5,300 sqm	Including Signed Leases		100.0%
Car Parking Spaces	413	Including Heads of Agreement		100.0%
Typical Floor Plate	181 William Street: 1,920 sqm 550 Bourke Street: 1,510 sqm
Office Tenant Details		Key Tenants
Number of Tenancies	14		Area (sqm)	Expiry Date
WALE (by income)	4.9 years	IAG	28,520	June 2020

Lease Expiry Profile

By Income
-----------	--

Deloitte 18,120 May 2020

2H 2015
2016	2%
2017	6%
2018
2019	9%
2020	61%
2021	18%
2022	4%
2023
2024
2025+

One One One Eagle Street, Brisbane

One One One Eagle Street is a Premium Grade, 63,800 sqm, 54 level office tower in Brisbane's prime commercial 'Golden Triangle' precinct. The recently developed tower is designed to take advantage of the outstanding location and Brisbane River views.

The building has achieved the highest rating available, a 6 star Green Star As Built rating from the Green Building Council of Australia. One One One Eagle Street has also achieved a 5.5 star NABERS Energy rating and 4.5 star NABERS Water Rating. Featuring the latest Tri-generation technology, the building can generate its own power, reducing peak demand on energy supply and lowering greenhouse gas emissions.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest Co-Owners Acquired (by GPT) Asset Quality Construction/Refurbishment	33% GPT GWOF (33%) Third Party Investor (33%) October 2008 Premium Grade Completed 2012	Fair Value Capitalisation Rate Terminal Capitalisation Rate Discount Rate Valuation Type Income (6 months)		\$265.8m 5.88% 6.13% 7.75% External \$7.5m
Property Details		Office Occupancy
Office Retail Car Parking Spaces Typical Floor Plate	63,800 sqm 400 sqm 115 1,450 sqm	Actual Including Signed Leases Including Heads of Agreement		96.7% 96.7% 97.2%
Office Tenant Details		Key Tenants
Number of Tenancies WALE (by income)	21 8.3 years	Arrow Energy EY	Area (sqm) 14,800 9,000	Expiry Date February 2021 June 2024

Sustainability Lease Expiry Profile

By Income

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.

The asset has achieved a 6 star Green Star rating for Office Design and has a 5.0 star NABERS Energy rating. Liberty Place has been awarded the Heritage Award at the 2013 API NSW Excellence in Property Awards and in 2014 was awarded 'Best Building' in the Office category at the World Architecture Festival in Singapore.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest Co-Owners Acquired (by GWOF) Asset Quality Construction/Refurbishment	50% GWOF Blackstone (25%) ISPT (25%) April 2010 Premium Grade Completed 2013	Fair Value Capitalisation Rate Terminal Capitalisation Rate Discount Rate Valuation Type		\$478.8m 5.75% 6.00% 7.75% Internal
Property Details		Office Occupancy
Office	56,400 sqm	Actual		97.1%
Retail	2,900 sqm	Including Signed Leases		97.1%
Car Parking Spaces	143	Including Heads of Agreement		97.1%
Typical Floor Plate	1,625 sqm
Office Tenant Details		Key Tenants
Number of Tenancies	8		Area (sqm)	Expiry Date
WALE (by income)	10.3 years	ANZ	28,400	June 2028
		Herbert Smith Freehills	19,970	June 2023

Sustainability Lease Expiry Profile

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 site comprises three Premium Grade office buildings and a retail and entertainment complex, known as Cockle Bay Wharf.

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

Darling Park Tower 1 has achieved a 5.0 star NABERS Energy rating and 3.0 star NABERS Water rating, with Darling Park Tower 2 achieving a 5.5 star NABERS Energy rating and 3.5 star NABERS Water rating.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest Co-Owners	50% GWOF AWOF (20%) Brookfield (30%)	Fair Value Capitalisation Rate		\$657.8m Office: 5.85%–6.32% Retail: 6.56%
Acquired (by GWOF)	July 2006	Terminal Capitalisation Rate		Office: 6.22%–6.45% Retail: 6.81%
Asset Quality Construction/Refurbishment	Premium Grade Tower 1: Completed 1994 Tower 2: Completed 1999	Discount Rate		Office: 7.75%–8.25% Retail: 8.50%
		Valuation Type		Internal
Property Details		Office Occupancy
Office	101,900 sqm	Actual		100.0%
Retail	9,700 sqm	Including Signed Leases		100.0%
Car Parking Spaces	691	Including Heads of Agreement		100.0%
Typical Floor Plate	1,900 sqm
Office Tenant Details		Key Tenants
Number of Tenancies	8		Area (sqm)	Expiry Date
WALE (by income)	8.4 years1	Commonwealth Bank Of Australia	54,060	December 2020 / 2021 / 2022
		PwC	36,420	December 2015 / 2018

Sustainability Lease Expiry Profile

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 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.

Since 2011, Tower 3 has achieved and maintained a 5.0 star NABERS Energy rating and a 3.5 star NABERS Water rating.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	100% GWOF	Fair Value		\$312.9m
Acquired (by GWOF)	July 2006	Capitalisation Rate		6.32%
Asset Quality	Premium Grade	Terminal Capitalisation Rate		6.57%
Construction/Refurbishment	Completed 2005	Discount Rate		8.25%
		Valuation Type		Internal
Property Details		Office Occupancy
Office	29,800 sqm	Actual		100.0%
Retail	20 sqm	Including Signed Leases		100.0%
Car Parking Spaces	160	Including Heads of Agreement		100.0%
Typical Floor Plate	1,500 sqm
Office Tenant Details		Key Tenants
Number of Tenancies	3		Area (sqm)	Expiry Date
WALE (by income)	5.1 years	Marsh & McLennan Companies	17,780	November 2016 / October 2021

20%

40%

60%

80%

100%

Sustainability Lease Expiry Profile

RaboBank 9,060 June 2026

Operational Waste

By Income

HSBC Centre, 580 George Street, Sydney

HSBC Centre comprises an A-Grade office and retail asset prominently located in the midtown precinct of the Sydney CBD. The building comprises 33 office levels and a retail precinct which is linked by a pedestrian underpass to Town Hall Railway Station. A \$25 million refurbishment has commenced to provide a dramatic new office entry area and prime George Street retail space. HSBC Centre has achieved a 5.0 star NABERS Energy rating and a 3.0 star NABERS Water rating.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	100% GWOF	Fair Value		\$364.0m
Acquired (by GWOF)	July 2006	Capitalisation Rate		6.75%
Asset Quality	A-Grade	Terminal Capitalisation Rate		7.00%
Construction/Refurbishment	Completed 1988 / Refurbished 2002 / 2015	Discount Rate		8.00%
		Valuation Type		External
Property Details		Office Occupancy
Office	36,900 sqm	Actual		90.4%
Retail	4,200 sqm	Including Signed Leases		90.4%
Car Parking Spaces	141	Including Heads of Agreement		91.9%
Typical Floor Plate	1,300 sqm
Office Tenant Details		Key Tenants
Number of Tenancies	22		Area (sqm)	Expiry Date
WALE (by income)	3.7 years	HSBC Bank Australia	10,680	December 2020
		Avant Insurance	3,810	May 2016

Sustainability Lease Expiry Profile

By Income

workplace6 , 48 Pirrama Road, Sydney

workplace6 is a waterfront A-Grade office building achieving world leading standards in environmental design and resource efficiency. workplace6 comprises 18,200 sqm of accommodation over six levels. The building, which was developed by GPT, was the first office development to achieve 6 star Green Star ratings for Design and As Built in NSW. The asset features spectacular harbour views, large campus-style floor plates, two levels of basement parking with 135 car spaces and the award-winning Doltone House function centre occupying the waterfront retail.

workplace6 has achieved a 5.0 star NABERS Energy rating and a 5.0 star NABERS Water rating.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	100% GWOF	Fair Value		\$192.0m
Acquired (by GWOF)	December 2007	Capitalisation Rate		6.75%
Asset Quality	A-Grade	Terminal Capitalisation Rate		6.90%
Construction/Refurbishment	Completed 2008	Discount Rate		7.75%
		Valuation Type		External
Property Details		Office Occupancy
Office	16,300 sqm	Actual		100.0%
Retail	1,900 sqm	Including Signed Leases		100.0%
Car Parking Spaces	135	Including Heads of Agreement		100.0%
Typical Floor Plate	3,620 sqm
Office Tenant Details		Key Tenants
Number of Tenancies	2		Area (sqm)	Expiry Date
WALE (by income)	4.4 years	Google Australia Accenture	9,850 6,460	December 2018 February 2021

Sustainability Lease Expiry Profile

2024

The Zenith, 821 Pacific Highway, Chatswood

The Zenith is the pre-eminent A-Grade office complex located in the commercial heart of Chatswood CBD between the Pacific Highway and Chatswood Railway Station. The asset consists of two prominent office towers, connected by a multistorey glass atrium. The Zenith features large and efficient floor plates, ground floor retail space and houses the Zenith Theatre on the ground level.

The Zenith has a 5.0 star NABERS Energy rating and a 3.5 star NABERS Water rating.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	50% GWOF	Fair Value		\$140.2m
Co-Owner	Dexus Property Group (50%)	Capitalisation Rate		7.13%
Acquired (by GWOF)	January 2007	Terminal Capitalisation Rate		7.38%
Asset Quality	A-Grade	Discount Rate		8.50%
Construction/Refurbishment	Completed 1987 / Refurbished 2008	Valuation Type		Internal
Property Details		Office Occupancy
Office	43,500 sqm	Actual		93.2%
Retail	900 sqm	Including Signed Leases		93.2%
Car Parking Spaces	799	Including Heads of Agreement		94.1%
Typical Floor Plate	1,100 sqm
Office Tenant Details		Key Tenants
Number of Tenancies	28		Area (sqm)	Expiry Date
WALE (by income)	3.2 years	Government – NSW	16,620	August 2016 / March 2018 /

Sustainability Lease Expiry Profile

January 2020

2024

2025+

2H 2015

By Income

Lend Lease Management Services 7,350 June 2017

2 Southbank Boulevard, Melbourne

2 Southbank Boulevard is located on the Southbank of the Yarra River in Melbourne. The A-Grade office tower benefits from a piazza which includes a retail area incorporating a café and a supermarket. The asset comprises a 38 storey tower and eight podium levels comprising approximately 53,500 sqm of office accommodation.

2 Southbank Boulevard has a 4.5 star NABERS Energy rating and a 3.5 star NABERS Water rating.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	50% GWOF	Fair Value		\$203.8m
Co-Owner	Australand (50%)	Capitalisation Rate		6.25%
Acquired (by GWOF)	June 2014	Terminal Capitalisation Rate		6.50%
Asset Quality	A-Grade	Discount Rate		7.75%
Construction/Refurbishment	Completed 2008	Valuation Type		External
Property Details		Office Occupancy
Office	53,500 sqm	Actual		98.2%
Retail	1,400 sqm	Including Signed Leases		98.2%
Car Parking Spaces	544	Including Heads of Agreement		98.8%
Typical Floor Plate	1,860 sqm
Office Tenant Details		Key Tenants
Number of Tenancies	16		Area (sqm)	Expiry Date
WALE (by income)	3.3 years	PwC	22,970	May 2017
		Ausnet Services	8,110	September 2020

Lease Expiry Profile

By Income

2H 2015	7%
2016	2%
2017	44%
2018	2%
2019	12%
2020	26%
2021
2022	4%
2023
2024	3%
2025+

8 Exhibition Street, Melbourne

Located at the East or 'Paris' end of Melbourne's CBD, 8 Exhibition Street is a 45,000 sqm, 35 level, Premium Grade office tower. Central to public transport and road systems, the building offers views over The Domain, Royal Botanic Gardens, South Bank and further out towards Port Phillip Bay.

Built in 2005, the asset has water and energy efficient systems in place and has achieved a 4.5 star NABERS Energy rating and 4.0 star NABERS Water Rating.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	50% GWOF	Fair Value		\$184.1m
Co-Owner	KREIT (50%)	Capitalisation Rate		6.13%
Acquired (by GWOF)	April 2013	Terminal Capitalisation Rate		6.38%
Asset Quality	Premium Grade	Discount Rate		8.00%
Construction/Refurbishment	Completed 2005	Valuation Type		Internal
Property Details		Office Occupancy
Office	44,600 sqm	Actual		96.7%
Retail	300 sqm	Including Signed Leases		96.7%
Car Parking Spaces	0	Including Heads of Agreement		96.7%
Typical Floor Plate	1,620 sqm
Office Tenant Details		Key Tenants
Number of Tenancies	15		Area (sqm)	Expiry Date
WALE (by income)	5.7 years	EY	16,510	November 2017 /

Lease Expiry Profile

November 2022

By Income

UBS 4,850 November 2025

2H 2015	4%
2016	10%
2017	8%
2018	13%
2019	6%
2020
2021	4%
2022	34%
2023
2024	7%
2025+	14%

Twenty8 Freshwater Place, Melbourne

Twenty8 Freshwater Place is a Prime Grade development located on the banks of the Yarra River in Melbourne's Southbank. The asset sits within Melbourne's arts and entertainment precinct between the popular Crown entertainment complex and Southgate. The building comprises 34,000 sqm of contemporary office space built to a 4.5 star NABERS standard and a 4 star Green Star rating under the Green Building Council of Australia Scheme.

Twenty8 Freshwater Place has a 5.0 star NABERS Energy rating and a 4.5 star NABERS Water rating.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	50% GWOF	Fair Value		\$125.5m
Co-Owner	Australand (50%)	Capitalisation Rate		6.75%
Acquired (by GWOF)	August 2007	Terminal Capitalisation Rate		6.75%
Asset Quality	A-Grade	Discount Rate		8.00%
Construction/Refurbishment	Completed 2008	Valuation Type		External
Property Details		Office Occupancy
Office	33,900 sqm	Actual		100.0%
Retail	100 sqm	Including Signed Leases		100.0%
Car Parking Spaces	250	Including Heads of Agreement		100.0%
Typical Floor Plate	Tower: 1,780 sqm Podium: 2,270 sqm
Office Tenant Details		Key Tenants
Number of Tenancies	14		Area (sqm)	Expiry Date
WALE (by income)	3.8 years	MMG Australia CPA	7,670 7,120	March 2019 May 2021

Operational Waste (% reused/recycled)

Sustainability Lease Expiry Profile

By Income

Located in the exclusive 'Paris' end of Collins Street, 150 Collins Street is a new A-Grade building with Premium Grade services. The development of 150 Collins Street reached completion in November 2014 and features 20,000 sqm of office and retail space over 14 floors. The asset is 64 per cent leased to Westpac Group for 12 years and there is a 24 month rental guarantee from Grocon/APN on the remaining space.

The asset has world-leading Environmentally Sustainable Design features that together, will help the building achieve a 6 star Green Star (Version 2 Office Design) rating and is targeting a 5 star NABERS Energy rating.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	100% GWOF	Fair Value		\$178.5m
Acquired (by GWOF)	July 2012	Capitalisation Rate		6.00%
Asset Quality	A-Grade	Terminal Capitalisation Rate		6.25%
Construction/Refurbishment	Completed 2014	Discount Rate		8.25%
		Valuation Type		Internal
Property Details		Office Occupancy
Office	19,000 sqm	Actual		100.0%1
Retail	1,000 sqm	Including Signed Leases		100.0%1
Car Parking Spaces	143	Including Heads of Agreement		100.0%1
Typical Floor Plate	1,520 sqm
Office Tenant Details		Key Tenants
Number of Tenancies	1		Area (sqm)	Expiry Date
WALE (by income)	9.1 years1	Westpac Group	12,160	November 2026

Lease Expiry Profile

2H 2015 2016 2017 2018 By Income

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 is highly sought after with 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.

530 Collins Street has a 4.5 star NABERS Energy rating and a 2.0 star NABERS Water rating.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	100% GWOF	Fair Value		\$505.0m
Acquired (by GWOF)	July 2006	Capitalisation Rate		6.25%
Asset Quality	Premium Grade	Terminal Capitalisation Rate		6.50%
Construction/Refurbishment	Completed 1991 / Refurbished 2009	Discount Rate		7.75%
		Valuation Type		External
Property Details		Office Occupancy
Office	65,900 sqm	Actual		95.5%
Retail	1,600 sqm	Including Signed Leases		95.5%
Car Parking Spaces	316	Including Heads of Agreement		96.3%
Typical Floor Plate	Tower: 1,300 sqm Podium: 3,500 sqm
Office Tenant Details		Key Tenants
Number of Tenancies	24		Area (sqm)	Expiry Date
WALE (by income)	5.6 years	Suncorp HWL Ebsworth	15,450 5,040	June 2023 May 2021

Sustainability

Operational Waste (% reused/recycled)

Lease Expiry Profile

By Income

1% 19% 9% 14% 1% 2% 7% 32% 14% 2% 2H 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025+ 1% 9% 1% 2% 7% 32% 14% 2% 2H 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025+

655 Collins Street is an eight level, A-Grade office tower, 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.

655 Collins Street has a 4.5 star NABERS Energy rating and a 5.5 star NABERS Water rating.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	100% GWOF	Fair Value		\$121.0m
Acquired (by GWOF)	May 2014	Capitalisation Rate		5.85%
Asset Quality	A-Grade	Terminal Capitalisation Rate		6.50%
Construction/Refurbishment	Completed 2009	Discount Rate		8.13%
		Valuation Type		Internal
Property Details		Office Occupancy
Office	16,600 sqm	Actual		100.0%
Retail	0 sqm	Including Signed Leases		100.0%
Car Parking Spaces	89	Including Heads of Agreement		100.0%
Typical Floor Plate	2,500 sqm
Office Tenant Details		Key Tenants
Number of Tenancies	1		Area (sqm)	Expiry Date
WALE (by income)	14.4 years	The Age	16,600	December 2029

Lease Expiry Profile

By Income

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

The property comprises a 10 level campus-style building with super-sized office floor plates of approximately 5,500 square metres, featuring excellent natural light to each elevation. 750 Collins Street has a 4.5 star NABERS Energy rating and a 4.5 star NABERS Water rating.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	100% GWOF	Fair Value		\$268.1m
Acquired (by GWOF)	May 2014	Capitalisation Rate		7.00%
Asset Quality	A-Grade	Terminal Capitalisation Rate		7.00%
Construction/Refurbishment	Completed 2007	Discount Rate		8.00%
		Valuation Type		Internal
Property Details		Office Occupancy
Office	37,300 sqm	Actual		100.0%
Retail	3,200 sqm	Including Signed Leases		100.0%
Car Parking Spaces	422	Including Heads of Agreement		100.0%
Typical Floor Plate	5,500 sqm
Office Tenant Details		Key Tenants
Number of Tenancies	1		Area (sqm)	Expiry Date
WALE (by income)	4.4 years	AMP	37,300	November 2019

Lease Expiry Profile

2H 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025+ By Income

Cbw, Corner of Bourke & William Streets, Melbourne

CBW is an A-Grade office complex located in the core of Melbourne's CBD and comprises a mixed use development incorporating 181 William Street, 550 Bourke Street and Goldsbrough Lane.

CBW has achieved a 5.0 star GreenStar rating, a 5.0 star NABERS Energy rating and a 4.5 star NABERS Water rating.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	50% GWOF	Fair Value		\$304.9m
Co-Owner	GPT (50%)	Capitalisation Rate		6.50%
Acquired (by GWOF)	October 2014	Terminal Capitalisation Rate		6.75%
Asset Quality	A-Grade	Discount Rate		8.25%
Construction/Refurbishment	Completed 2009	Valuation Type		Internal
Property Details		Office Occupancy
Office	76,100 sqm	Actual		98.0%
Retail	5,300 sqm	Including Signed Leases		100.0%
Car Parking Spaces	413	Including Heads of Agreement		100.0%
Typical Floor Plate	181 William Street: 1,920 sqm 550 Bourke Street: 1,510 sqm
Office Tenant Details		Key Tenants
Number of Tenancies	14		Area (sqm)	Expiry Date
WALE (by income)	4.9 years	IAG	28,520	June 2020
		Deloitte	18,120	May 2020

Lease Expiry Profile

By Income
2H 2015
2016	2%
2017	6%
2018
2019	9%
2020	61%
2021	18%
2022	4%
2023
2024
2025+

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

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

800/808 Bourke Street has a 5.0 star NABERS Energy rating and 3.0 star NABERS Water rating, and is the first building to be rated using the Green Star Performance Pilot, rating 4 stars.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	100% GWOF	Fair Value		\$430.8m
Acquired (by GWOF)	July 2006	Capitalisation Rate		6.00%
Asset Quality	A-Grade	Terminal Capitalisation Rate		6.45%
Construction/Refurbishment	Completed 2004	Discount Rate		8.00%
		Valuation Type		Internal
Property Details		Office Occupancy
Office	59,600 sqm	Actual		100.0%
Retail	1,700 sqm	Including Signed Leases		100.0%
Car Parking Spaces	416	Including Heads of Agreement		100.0%
Typical Floor Plate	3,500 sqm
Office Tenant Details		Key Tenants
Number of Tenancies	1		Area (sqm)	Expiry Date
WALE (by income)	12.1 years	NAB	59,600	August 2027

Sustainability Lease Expiry Profile

By Income

Brisbane Transit Centre, 151–171 Roma Street, Brisbane

The Brisbane Transit Centre is located on Roma Street, in the "North Quarter" precinct of the Brisbane CBD. The asset comprises 32,700 sqm multi-use complex with two office towers, three levels of retail and a car park. During 2009 and 2010, a refurbishment and services upgrade enhanced the office towers to an A-Grade rating.

Brisbane Transit Centre has a 5.0/5.0 star NABERS Energy rating and a 3.5/3.5 star NABERS Water rating.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	50% GWOF	Fair Value		\$62.1m
Co-Owner	APPF Commercial (50%)	Capitalisation Rate		9.00%
Acquired (by GWOF)	July 2006	Terminal Capitalisation Rate		8.50%
Asset Quality	A-Grade	Discount Rate		9.25%
Construction/Refurbishment	Completed 1988, with periodic refurbishment	Valuation Type		Internal
Property Details		Office Occupancy
Office	29,500 sqm	Actual		43.4%
Retail	3,200 sqm	Including Signed Leases		50.5%
Car Parking Spaces	754	Including Heads of Agreement		50.5%
Typical Floor Plate	East Tower: 1,030 sqm West Tower: 2,080 sqm
Office Tenant Details		Key Tenants
Number of Tenancies	7		Area (sqm)	Expiry Date
WALE (by income)	2.4 years	Australia Post	4,160	August 2018
		Careers Australia	2,080	June 2018

Sustainability

Recycling rate of

Operational Waste (% reused/recycled)

Lease Expiry Profile

Portfolio

One One One Eagle Street, Brisbane

The building has achieved the highest rating available, a 6 star Green Star As Built rating from the Green Building Council of Australia. One One One Eagle Street has also achieved a 5.5 star NABERS Energy rating and 4.5 star NABERS Water rating. Featuring the latest Tri-generation technology, the building can generate its own power, reducing peak demand on energy supply and lowering greenhouse gas emissions.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest Co-Owners Acquired (by GWOF) Asset Quality Construction/Refurbishment	33% GWOF GPT (33%) Third Party Investor (33%) October 2008 Premium Grade Completed 2012	Fair Value Capitalisation Rate Terminal Capitalisation Rate Discount Rate Valuation Type		\$265.8m 5.88% 6.13% 7.75% External
Property Details		Office Occupancy
Office Retail Car Parking Spaces	63,800 sqm 400 sqm 115	Actual Including Signed Leases Including Heads of Agreement		96.7% 96.7% 97.2%
Typical Floor Plate Office Tenant Details	1,450 sqm	Key Tenants
Number of Tenancies WALE (by income)	21 8.3 years	Arrow Energy EY	Area (sqm) 14,800 9,000	Expiry Date February 2021 June 2024

Sustainability Lease Expiry Profile

Riverside Centre, 123 Eagle Street, Brisbane

This pre-eminent landmark complex comprises a modern 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 quality office accommodation, waterfront restaurants, a car park for over 500 cars and an open plaza surrounded by retail accommodation.

The Riverside Centre has a 5.0 star NABERS Energy rating and a 3.5 star NABERS Water rating.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	100% GWOF	Fair Value		\$595.1m
Acquired (by GWOF)	July 2006	Capitalisation Rate		6.63%
Asset Quality	Premium Grade	Terminal Capitalisation Rate		6.63%
Construction/Refurbishment	Completed 1986 / Refurbished 1998 / 2015	Discount Rate		8.13%
		Valuation Type		Internal
Property Details		Office Occupancy
Office	51,500 sqm	Actual		88.4%
Retail	4,500 sqm	Including Signed Leases		89.1%
Car Parking Spaces	500	Including Heads of Agreement		89.1%
Typical Floor Plate	1,500 sqm
Office Tenant Details		Key Tenants
Number of Tenancies	30		Area (sqm)	Expiry Date
WALE (by income)	4.2 years	PwC	9,560	March 2016 / January 2019

Sustainability

Lease Expiry Profile

Deloitte 5,800 October 2018

Recycling rate of

Operational Waste (% reused/recycled)

545 Queen Street, Brisbane

545 Queen Street is situated on a prominent island site located in the north eastern fringe of the financial precinct of Brisbane CBD. The site is located approximately 500 metres from Brisbane's Central Rail Station with good exposure to the high volumes of traffic on the northern entrance of Brisbane CBD. The asset comprises 13,400 sqm of A-Grade office and retail space and offers tenants excellent amenities, transportation access and river views.

545 Queen Street has a 5.0 star NABERS Energy rating and a 4.0 star NABERS Water rating.

Key Metrics as at 30 June 2015

General

Ownership Interest 100% GWOF Acquired (by GWOF) June 2007 Asset Quality A-Grade

Construction/Refurbishment Completed 1991 / Redeveloped 2008

Property Details

Office 13,100 sqm Retail 300 sqm Car Parking Spaces 100 Typical Floor Plate Tower: 750 sqm

Podium: 2,140 sqm

Office Tenant Details

Number of Tenancies 6 WALE (by income) 2.1 years

Current Valuation

Fair Value	\$81.0m
Capitalisation Rate	7.75%
Terminal Capitalisation Rate	8.00%
Discount Rate	9.00%
Valuation Type	Internal
Office Occupancy

Actual	94.3%
Including Signed Leases	94.3%
Including Heads of Agreement	100.0%

Key Tenants

	Area (sqm)	Expiry Date
Flight Centre	8,110	January 2017
Calibre Global	2,770	January 2019

Operational Waste (% reused/recycled)

Sustainability Lease Expiry Profile

By Income

GPT Interim Result Logistics Portfolio

Rosehill Business Park, Camellia, NSW

Rosehill Business Park is a modern industrial asset located in the established central west industrial area of Sydney. The property features 41,900 sqm of lettable area across three buildings that were completed in separate stages. The property benefits from its close proximity to James Ruse Drive and the M4 motorway.

Key Metrics as at 30 June 2015

General Ownership Interest 100% GPT

Acquired (by GPT) May 1998

Current Valuation

Fair Value	\$75.1m
Capitalisation Rate	7.75%
Terminal Capitalisation Rate	8.00%
Discount Rate	9.00%
Valuation Type	Internal
Income (6 months)	\$2.9m

GLA	41,900 sqm
Site Area	79,700 sqm
Occupancy (Actual)	100.0%
Occupancy (Including Signed Leases)	100.0%
Occupancy (Including Heads of Agreement)	100.0%
WALE (By Income)	3.9 years

10 Interchange Drive, Eastern Creek, NSW

10 Interchange Drive is located at the intersection of the M4 and the M7 motorways, with direct exposure to the M7 motorway. The property comprises a modern, purpose built warehouse and office facility, that is fully leased to Asics. The property features undercover parking and a showroom.

Key Metrics as at 30 June 2015

Occupancy (Including Heads of Agreement) 100.0% WALE (By Income) 5.0 years

General		Current Valuation
Ownership Interest	100% GPT	Fair Value	\$30.0m
Acquired (by Gpt)	August 2012	Capitalisation Rate	7.25%
		Terminal Capitalisation Rate	7.25%
		Discount Rate	8.75%
		Valuation Type	Internal
		Income (6 months)	\$1.2m
Property Details
GLA	15,100 sqm
Site Area	30,200 sqm
Occupancy (Actual)	100.0%
Occupancy (Including Signed Leases)	100.0%

Connect@Erskine Park, Cnr Lockwood and Templar Road, Erskine Park, NSW

Connect@Erskine Park is a 27.8 hectare site situated on the corner of Lockwood and Templar Road, Erskine Park. It is located approximately 26 kilometres west of the Parramatta CBD and 46 kilometres west of the Sydney CBD with good access to the major M4 and M7 Motorways junctions.

Key Metrics as at 30 June 2015

General
Ownership Interest	100% GPT
Acquired (by Gpt)	May 2008

	16–34 Templar Road (Goodman Fielder)	36–52 Templar Road (Rand)	54–70 Templar Road (Coles RRM)	67–75 Templar Road (Target)	29–55 Lockwood Road (TNT Express)
GLA	15,200 sqm	23,500 sqm	21,000 sqm	12,700 sqm	32,200 sqm
Site Area	39,700 sqm	62,200 sqm	43,300 sqm	22,900 sqm	75,000 sqm
Occupancy (Actual)	100.0%	100.0%	100.0%	100.0%	100.0%
Occupancy (Including Signed Leases)	100.0%	100.0%	100.0%	100.0%	100.0%
Occupancy (Including Heads of Agreement)	100.0%	100.0%	100.0%	100.0%	100.0%
WALE (By Income)	14.0 years	19.6 years	20.0 years	6.6 years	14.5 years
Current Valuation
Fair Value	\$41.0m	\$84.3m	\$135.0m	\$20.5m	\$77.0m
Capitalisation Rate	7.00%	6.13%	6.00%	7.00%	6.00%
Terminal Capitalisation Rate	7.25%	6.88%	6.50%	7.25%	6.25%
Discount Rate	9.25%	8.25%	7.50%	9.25%	8.00%
Valuation Type	Internal	External	External	Internal	Internal
Income (6 months)	\$1.7m	\$2.1m	\$0.3m	\$0.9m	\$2.5m

Granville Logistics Centre comprises 29,600 sqm of high clearance warehouse and modern office accommodation across two separate buildings. Berry Street is a continuation of James Ruse Drive, and has a frontage onto Parramatta road. Both of these are major arterial roads servicing Sydney's central west. Other major road arteries in the near vicinity include the M4 Motorway.

Key Metrics as at 30 June 2015

General Ownership Interest 100% GPT

Acquired (by Gpt) December 2000

Current Valuation1

	15 Berry Street	19 Berry Street
Fair Value	\$19.2m	\$41.4m
Capitalisation Rate	n/a	n/a
Terminal Capitalisation Rate	n/a	n/a
Discount Rate	n/a	n/a
Valuation Type	Internal	Internal
Income (6 months)	\$0.6m	\$1.3m

GPT

15 Berry Street	19 Berry Street
10,000 sqm	19,600 sqm
20,600 sqm	30,800 sqm
100.0%	100.0%
100.0%	100.0%
100.0%	100.0%
1.8 years	2.7 years

2–4 Harvey Road, Kings Park, NSW

2–4 Harvey Road, Kings Park comprises a modern high clearance warehouse and associated high quality office accommodation. Kings Park is located approximately 40 kilometres west of the Sydney CBD and 15 kilometres northwest of the Parramatta CBD. The area is well located to major transport routes.

General		Current Valuation
Ownership Interest	100% GPT	Fair Value	\$46.6m
Acquired (by GPT)	May 1999	Capitalisation Rate	8.25%
		Terminal Capitalisation Rate	8.50%
		Discount Rate	9.25%
		Valuation Type	Internal
		Income (6 months)	\$2.1m
Property Details

GLA	40,300 sqm
Site Area	64,800 sqm
Occupancy (Actual)	100.0%
Occupancy (Including Signed Leases)	100.0%
Occupancy (Including Heads of Agreement)	100.0%
WALE (By Income)	2.2 years

407 Pembroke Road, Minto, NSW

The property is located within easy access to major road networks (M5 and M7 Motorways) and has the benefit of access to a railway siding from the Main Southern Railway. Current improvements comprise 15,300 sqm of modern office, warehouse and cold storage.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	50% GPT	Fair Value	\$25.0m
Co-Owner	Austrak (50%)	Capitalisation Rate	8.00%
Acquired (by Gpt)	October 2008	Terminal Capitalisation Rate	8.00%
		Discount Rate	9.25%
		Valuation Type	Internal

Income (6 months) \$1.2m

GPT

GLA	15,300 sqm
Site Area	21,100 sqm
Occupancy (Actual)	100.0%
Occupancy (Including Signed Leases)	100.0%
Occupancy (Including Heads of Agreement)	100.0%
WALE (By Income)	4.4 years

4 Holker Street, Newington, NSW

4 Holker Street, Newington comprises a modern, hi-tech data centre built in 2002. The property is well located close to major transport routes, approximately one kilometre north of the M4 Motorway, and in close proximity to Newington Shopping Centre and Sydney Olympic Park.

General		Current Valuation
Ownership Interest	100% GPT	Fair Value	\$24.1m
Acquired (by GPT)	March 2006	Capitalisation Rate	8.75%
		Terminal Capitalisation Rate	9.75%
		Discount Rate	10.00%
		Valuation Type	Internal
		Income (6 months)	\$1.7m
Property Details

GLA	7,400 sqm
Site Area	6,800 sqm
Occupancy (Actual)	100.0%
Occupancy (Including Signed Leases)	100.0%
Occupancy (Including Heads of Agreement)	100.0%
WALE (By Income)	2.0 years

83 Derby Street, Silverwater, NSW

A well located property comprising a freestanding warehouse, with associated office space. The warehouse is separated into three units, however is currently being leased in one line to a single tenant. The improvements were completed between 2001 and 2003, and features 52 per cent site coverage and 142 car spaces.

General		Current Valuation
Ownership Interest	100% GPT	Fair Value	\$28.4m
Acquired (by Gpt)	August 2012	Capitalisation Rate	7.75%
		Terminal Capitalisation Rate	7.75%
		Discount Rate	9.50%
		Valuation Type	Internal
		Income (6 months)	\$1.2m
Property Details
GLA	17,000 sqm
Site Area	31,900 sqm

Occupancy (Actual)	100.0%
Occupancy (Including Signed Leases)	100.0%
Occupancy (Including Heads of Agreement)	100.0%
WALE (By Income)	2.4 years

3 Figtree Drive, Sydney Olympic Park, NSW

3 Figtree Drive comprises two levels of modern office accommodation and a high clearance warehouse, with good onsite access and manoeuvrability and 198 car spaces. In conjunction with neighbouring GPT assets, the property forms part of a five hectare consolidated holding.

General		Current Valuation
Ownership Interest	100% GPT	Fair Value	\$21.0m
Acquired (by GPT)	April 2013	Capitalisation Rate	8.25%
		Terminal Capitalisation Rate	8.75%
		Discount Rate	10.00%
		Valuation Type	Internal
		Income (6 months)	\$1.0m
Property Details

GLA	6,800 sqm
Site Area	12,900 sqm
Occupancy (Actual)	100.0%
Occupancy (Including Signed Leases)	100.0%
Occupancy (Including Heads of Agreement)	100.0%
WALE (By Income)	1.5 years

5 Figtree Drive, Sydney Olympic Park, NSW

5 Figtree Drive comprises a two level office facility and high clearance warehouse. In conjunction with neighbouring GPT assets, the property forms part of a five hectare consolidated holding. The area is well serviced by an orbital road network and rail transport is available via Olympic Park Rail Station.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	100% GPT	Fair Value	\$23.8m
Acquired (by GPT)	July 2005	Capitalisation Rate	8.25%
		Terminal Capitalisation Rate	8.75%
		Discount Rate	9.00%
		Valuation Type	Internal
		Income (6 months)	\$1.0m

GLA	8,800 sqm
Site Area	12,900 sqm
Occupancy (Actual)	100.0%
Occupancy (Including Signed Leases)	100.0%
Occupancy (Including Heads of Agreement)	100.0%
WALE (By Income)	3.6 years

7 Figtree Drive, Sydney Olympic Park, NSW

7 Figtree Drive comprises a single level office and warehouse building located at Sydney Olympic Park. The site is currently leased to BSA Limited and occupies a prime location on the corner of Figtree Drive and Olympic Boulevard. In conjunction with neighbouring GPT assets, the property forms part of a five hectare consolidated holding.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	100% GPT	Fair Value	\$13.8m
Acquired (by GPT)	July 2004	Capitalisation Rate	n/a
		Terminal Capitalisation Rate	n/a
		Discount Rate	n/a
		Valuation Type	Internal
		Income (6 months)	\$0.5m
Property Details
GLA	3,500 sqm

GLA	3,500 sqm
Site Area	9,600 sqm
Occupancy (Actual)	100.0%
Occupancy (Including Signed Leases)	100.0%
Occupancy (Including Heads of Agreement)	100.0%
WALE (By Income)	2.0 years

GPT

6 Herb Elliott Avenue, Sydney Olympic Park, NSW

6 Herb Elliott Avenue is well located in the Sydney Olympic Park Precinct, being opposite the Railway Station. The property comprises a high quality office and warehouse building with a good level of on-grade car parking. In conjunction with neighbouring GPT assets, the property forms part of a five hectare consolidated holding.

Key Metrics as at 30 June 2015

WALE (By Income) 0.0 years

General		Current Valuation
Ownership Interest	100% GPT	Fair Value	\$13.0m
Acquired (by Gpt)	June 2010	Capitalisation Rate	n/a
		Terminal Capitalisation Rate	n/a
		Discount Rate	n/a
		Valuation Type	Internal
		Income (6 months)	\$0.2m
Property Details
GLA	4,100 sqm
Site Area	8,400 sqm
Occupancy (Actual)	0.0%
Occupancy (Including Signed Leases)	0.0%
Occupancy (Including Heads of Agreement)	0.0%

8 Herb Elliott Avenue, Sydney Olympic Park, NSW

8 Herb Elliott Avenue is situated opposite the Olympic Park Railway Station, between Australia Avenue and Olympic Boulevard. Current site improvements comprise 3,300 sqm of high quality office and warehouse accommodation. In conjunction with neighbouring GPT assets, the property forms part of a five hectare consolidated holding.

General		Current Valuation
Ownership Interest	100% GPT	Fair Value	\$10.6m
Acquired (by Gpt)	August 2004	Capitalisation Rate	n/a
		Terminal Capitalisation Rate	n/a
		Discount Rate	n/a
		Valuation Type	Internal
		Income (6 months)	\$0.4m
Property Details

GLA	3,300 sqm
Site Area	9,100 sqm
Occupancy (Actual)	100.0%
Occupancy (Including Signed Leases)	100.0%
Occupancy (Including Heads of Agreement)	100.0%
WALE (By Income)	4.6 years

Quad 1, Sydney Olympic Park, NSW

Quad 1 is part of an integrated office development located at Sydney Olympic Park, close to significant infrastructure and public recreational amenities. Set within a fully landscaped environment the business park is an outstanding example of progressive, environmentally responsible and innovative design.

The Quad 1 building has achieved 5 stars NABERS Energy and 4.5 stars NABERS Water rating.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	100% GPT	Fair Value	\$24.3m
Acquired (by GPT)	Completed 2001	Capitalisation Rate	7.75%
		Terminal Capitalisation Rate	7.75%
		Discount Rate	8.50%
		Valuation Type	External
		Income (6 months)	\$0.3m

NLA	4,900 sqm
Site Area	9,400 sqm
Occupancy (Actual)	79.4%
Occupancy (Including Signed Leases)	79.4%
Occupancy (Including Heads of Agreement)	79.4%
WALE (By Income)	4.3 years

Quad 4, Sydney Olympic Park, NSW

Quad 4 is part of an integrated office development located at Sydney Olympic Park, close to significant infrastructure and public recreational amenities. Set within a fully landscaped environment the business park is an outstanding example of progressive, environmentally responsible and innovative design. Quad 4 was the first speculative building in Sydney to be designed to Australian Best Practice environmental performance and as a result won the 2009 PCA Industrial & Business Park Award.

The Quad 4 building has achieved a 5.5 star NABERS Energy rating and a 5.5 star NABERS Water rating.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	100% GPT	Fair Value	\$36.5m
Acquired (by GPT)	Completed 2007	Capitalisation Rate	6.75%
		Terminal Capitalisation Rate	7.50%
		Discount Rate	8.75%
		Valuation Type	External
		Income (6 months)	\$1.5m
Property Details
NLA	8,100 sqm
Site Area	8,000 sqm
Occupancy (Actual)	100.0%

Occupancy (Including Heads of Agreement) 100.0%

Occupancy (Including Signed Leases) 100.0%

WALE (By Income) 14.7 years

GPT

38 Pine Road, Yennora, NSW

38 Pine Road Yennora is located within the established industrial precinct in Western Sydney. The property, comprising two separate warehouses, is well positioned to nearby transport connections including the Cumberland and Hume Highways, the M4 and M5 Motorways and is opposite the Yennora Intermodal Terminal.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	100% GPT	Fair Value	\$50.0m
Acquired (by GPT)	November 2013	Capitalisation Rate	7.75%
		Terminal Capitalisation Rate	8.25%
		Discount Rate	8.25%
		Valuation Type	External
		Income (6 months)	\$2.0m

GLA	33,200 sqm
Site Area	73,900 sqm
Occupancy (Actual)	100.0%
Occupancy (Including Signed Leases)	100.0%
Occupancy (Including Heads of Agreement)	100.0%
WALE (By Income)	3.7 years

372–374 Victoria Street, Wetherill Park, NSW

The property comprises a high bay warehouse and associated offices. Wetherill Park is a traditional industrial area popular with transport, storage and distribution users. Victoria Street provides direct access to the Cumberland Highway, and proximity to the M4 and M7 Motorways.

General		Current Valuation
Ownership Interest	100% GPT	Fair Value	\$21.5m
Acquired (by GPT)	July 2006	Capitalisation Rate	8.75%
		Terminal Capitalisation Rate	8.75%
		Discount Rate	9.25%
		Valuation Type	Internal
		Income (6 months)	\$0.9m
Property Details
GLA	20,500 sqm
Site Area	40,900 sqm

GLA	20,500 sqm
Site Area	40,900 sqm
Occupancy (Actual)	100.0%
Occupancy (Including Signed Leases)	100.0%
Occupancy (Including Heads of Agreement)	100.0%
WALE (By Income)	4.7 years

Citiwest Industrial Estate, Altona North, VIC

The property comprises a complex of six high clearance warehouse distribution centres, 15 kilometres south-west of the Melbourne CBD. The estate is bounded by Dohertys Road to the north, Grieve Parade to the east and Pinnacle Road to the south. Access to the Westgate Freeway and the Western Ring Road are available from Grieve Parade.

Key Metrics as at 30 June 2015

General
Ownership Interest	100% GPT

Acquired (by GPT) August 1994

Current Valuation Fair Value \$68.2m Capitalisation Rate 8.42% Terminal Capitalisation Rate 8.79% Discount Rate 9.35% Valuation Type Internal Income (6 months) \$2.7m

90,000 sqm
201,800 sqm
79.1%
79.1%
79.1%
2.2 years

Citiport Business Park, Port Melbourne, VIC

Citiport Business park is a well located office and warehouse estate comprising a low-rise office building and 10 warehouse office units with adjoining showrooms. The property is located in the Port Melbourne precinct and features a good level of underground and on-grade parking.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	100% GPT	Fair Value	\$66.0m
Acquired (by GPT)	February 2012	Capitalisation Rate	7.75%
		Terminal Capitalisation Rate	8.00%
		Discount Rate	8.50%
		Valuation Type	External
		Income (6 months)	\$1.9m
Property Details

GLA	27,000 sqm
Site Area	25,500 sqm
Occupancy (Actual)	77.7%
Occupancy (Including Signed Leases)	80.9%
Occupancy (Including Heads of Agreement)	90.2%
WALE (By Income)	3.9 years

Austrak Business Park, Somerton, VIC

Austrak Business Park comprises approximately 99 hectares of industrial zoned land, located 20 kilometres north of the Melbourne CBD. The property offers a key point of difference with access to one of Australia's first fully integrated inter-modal rail terminals.

Key Metrics as at 30 June 2015

General		Current Valuation
Ownership Interest	50% GPT	Fair Value	\$144.4m
Co-Owners	Austrak (50%)	Capitalisation Rate	7.54%
Acquired (by Gpt)	October 2003	Terminal Capitalisation Rate	8.04%
		Discount Rate	9.00%
		Valuation Type	Internal

Income (6 months) \$5.4m

GLA	205,300 sqm
Site Area	661,000 sqm
Occupancy (Actual)	80.2%
Occupancy (Including Signed Leases)	80.2%
Occupancy (Including Heads of Agreement)	80.2%
WALE (By Income)	9.0 years

92–116 Holt Street, Pinkenba, QLD

92–116 Holt Street comprises two large high bay warehouses. Pinkenba is adjacent to Eagle Farm in Brisbane's Trade Coast precinct. The area benefits from easy access to the Gateway Motorway and Brisbane Airport, which is located approximately two kilometres to the north of the site.

General		Current Valuation
Ownership Interest	100% GPT	Fair Value	\$16.4m
Acquired (by Gpt)	March 2006	Capitalisation Rate	n/a
		Terminal Capitalisation Rate	n/a
		Discount Rate	n/a
		Valuation Type	Internal
		Income (6 months)	\$0.6m
Property Details
GLA	14,500 sqm

GLA	14,500 sqm
Site Area	32,800 sqm
Occupancy (Actual)	100.0%
Occupancy (Including Signed Leases)	100.0%
Occupancy (Including Heads of Agreement)	100.0%
WALE (By Income)	2.6 years

16–28 Quarry Road, Yatala, QLD

The property comprises two standalone warehouses, each providing approximately 20,300 sqm of clear span internal space and are strategically located in the Yatala Enterprise Area, approximately 40 kilometres south of the Brisbane CBD and approximately 40 kilometres north of the Gold Coast CBD.

General		Current Valuation
Ownership Interest	100% GPT	Fair Value	\$47.3m
Acquired (by GPT)	November 2013	Capitalisation Rate	8.75%
		Terminal Capitalisation Rate	9.00%
		Discount Rate	9.50%
		Valuation Type	Internal
		Income (6 months)	\$2.1m
Property Details
GLA	40,800 sqm
Site Area	81,500 sqm
Occupancy (Actual)	94.9%

GLA	40,800 sqm
Site Area	81,500 sqm
Occupancy (Actual)	94.9%
Occupancy (Including Signed Leases)	94.9%
Occupancy (Including Heads of Agreement)	94.9%
WALE (By Income)	1.6 years

59 Forest way, Karawatha, QLD

59 Forest Way is a new, state-of-the-art logistics facility located at Karawatha which is approximately 22 kilometres south of Brisbane's CBD. The 44,000 sqm of warehouse and office was custom-built for Toll Group on a 13.4 hectare site. The property is situated in the Logan Motorway precinct of South East Queensland which is now established as a prime location for large scale logistics facilities.

Key Metrics as at 30 June 2015

General

Ownership Interest 100% GPT

Construction Completed April 2014

Current Valuation

Fair Value	\$98.5m
Capitalisation Rate	6.50%
Terminal Capitalisation Rate	7.25%
Discount Rate	8.50%
Valuation Type	External
Income (6 months)	\$3.3m

GLA	44,000 sqm
Site Area	134,000 sqm
Occupancy (Actual)	100.0%
Occupancy (Including Signed Leases)	100.0%
Occupancy (Including Heads of Agreement)	100.0%
WALE (By Income)	13.7 years

3 Murray Rose Avenue, Sydney Olympic Park, NSW

3 Murray Rose Avenue is a campus style business park A-Grade office development which comprises approximately 13,300 sqm of office space and 226 car spaces. The five floor suburban office building was completed in March 2015 and was developed as the national headquarters for Samsung Electronics Australia. 3 Murray Rose Avenue incorporates modern urban design and has achieved a 5 star Green Star Design Rating. The asset has sustainability targets of a 5 star Green Star As Built Rating and 5 star NABERS Energy and Water Ratings.

Key Metrics as at 30 June 2015

General

Ownership Interest	100% GMF
Acquired (by GMF)	September 2014
Asset Quality	A-Grade
Construction/Refurbished	Completed 2015

Property Details

Office	13,300 sqm
Retail	0 sqm
Car Parking Spaces	226
Typical Floor Plate	2,700 sqm

Office Tenant Details

Number of Office Tenants	1
WALE (By Income)	6.7 years

Key Tenants	Area (sqm)	Expiry Date
Samsung	13,300	March 2022

Current Valuation
Fair Value	\$82.8m
Capitalisation Rate	7.00%
Terminal Capitalisation Rate	7.25%
Discount Rate	8.25%
Valuation Type	External

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

Lease Expiry Profile
By Income

2H 2015
2016
2017
2018
2019
2020
2021
2022	100%
2023
2024
2025+	79%

5 Murray Rose Avenue, Sydney Olympic Park, NSW

5 Murray Rose forms part of the Sydney Olympic Park precinct and is a 12,300 sqm commercial building over five levels, with a 6 star Green Star As Built Rating. The asset is award-winning, being recognised by the Property Council of Australia for Best Sustainable Development in 2014 and the Urban Development Institute of Australia NSW for Excellence in Sustainable Development in 2013.

Key Metrics as at 30 June 2015

General

Ownership Interest	100% GMF
Acquired (by GMF)	August 2014
Asset Quality	A-Grade
Construction/Refurbished	Completed 2012

Property Details

Office	12,300 sqm
Retail	100 sqm
Car Parking Spaces	229
Typical Floor Plate	2,600 sqm

Office Tenant Details

Lion	12,300	April 2024
Key Tenants	Area (sqm)	Expiry Date
WALE (By Income)	8.8 years
Number of Office Tenants	1

Current Valuation
Fair Value	\$80.5m
Capitalisation Rate	7.00%
Terminal Capitalisation Rate	7.25%
Discount Rate	8.25%
Valuation Type	External
Office Occupancy
Actual	100.0%
Including Signed Leases	100.0%
Including Heads of Agreement
Lease Expiry Profile	100.0%
By Income
2H 2015
2016
2017
2018
2019
2020
2021
2022 2%
2023 2024 98%

GMF Portfolio

Quad 2, Sydney Olympic Park, NSW

Quad 2 is part of the Quad Business Park which is characterised by low rise buildings set in a parkland environment, with large floorplates, good natural light and a high car parking ratio. The asset, with 5,100 sqm of office space over four levels, is located close to significant infrastructure, public recreational and retail amenities.

Key Metrics as at 30 June 2015

General			Current Valuation
Ownership Interest	100% GMF		Fair Value	\$26.5m
Acquired (by GMF)	August 2014		Capitalisation Rate	7.75%
Asset Quality	A-Grade		Terminal Capitalisation Rate	8.00%
Construction/Refurbished	Completed 2002		Discount Rate	8.75%
			Valuation Type	External
Property Details			Office Occupancy
Office	5,100 sqm		Actual	93.7%
Retail	0 sqm		Including Signed Leases	93.7%
Car Parking Spaces	135		Including Heads of Agreement	93.7%
Typical Floor Plate	1,700 sqm
			Lease Expiry Profile
			By Income
Office Tenant Details			2H 2015
Number of Office Tenants	5		2016 6%
WALE (By Income)	4.2 years		2017 44%
			2018 9%
			2019
Key Tenants	Area (sqm)	Expiry Date	2020

42%

Covered by rental guarantee

Key Tenants	Area (sqm)	Expiry Date
Universities Admissions Centre	2,100	March 2022
BSA Limited	1,730	July 2017

Quad 3, Sydney Olympic Park, NSW

Quad 3 is part of the Quad Business Park which is characterised by low rise buildings set in a parkland environment, with large floorplates, good natural light and a high car parking ratio. The asset, with 5,200 sqm of office space over three levels, is located close to significant infrastructure, public recreational and retail amenities.

Key Metrics as at 30 June 2015

General
Ownership Interest	100% GMF
Acquired (by GMF)	August 2014
Asset Quality	A-Grade
Construction/Refurbished	Completed 2004
Property Details
Office	5,200 sqm
Retail	0 sqm
Car Parking Spaces	133
Typical Floor Plate	1,733 sqm

Office Tenant Details

Number of Office Tenants 8 WALE (By Income) 3.6 years

Key Tenants	Area (sqm)	Expiry Date
Alstom Grid	1,990	April 2019
Suzanne Grae	1,280	April 2020

Current Valuation
Fair Value	\$26.8m
Capitalisation Rate	7.75%
Terminal Capitalisation Rate	8.00%
Discount Rate	8.75%
Valuation Type	External
Office Occupancy
Actual	97.8%
Including Signed Leases	97.8%
Including Heads of Agreement	100.0%
Lease Expiry Profile
By Income
4% 2H 2015
2016 6% 7%

39% 34%

Vantage, 109 Burwood Road, Hawthorn, VIC

Vantage is located in Hawthorn, six kilometres east of the Melbourne CBD. The A-Grade office building has 12,300 sqm of space across five floors of office accommodation and a car park for 455 vehicles. The property benefits from its prominent corner location, is close to a range of amenities and is easily accessible via car, tram or train.

Key Metrics as at 30 June 2015

McConnell Dowell 4,370 December 2015 /

March 2023

General			Current Valuation
Ownership Interest	100% GMF		Fair Value	\$66.0m
Acquired (by GMF)	April 2014		Capitalisation Rate	7.50%
Asset Quality	A-Grade		Terminal Capitalisation Rate	7.75%
Construction/Refurbished	Completed 2008		Discount Rate	8.75%
			Valuation Type	External
Property Details			Office Occupancy
Office	12,300 sqm		Actual	76.2%
Retail	100 sqm		Including Signed Leases	76.2%
Car Parking Spaces	455		Including Heads of Agreement	76.2%
Typical Floor Plate	2,460 sqm
			Lease Expiry Profile
			By Income
Office Tenant Details			2H 2015 7%
Number of Office Tenants	3		2016 8%
WALE (By Income)	4.4 years		2017
			2018 48%
			2019
Key Tenants	Area (sqm)	Expiry Date	2020
Orora (formerly Amcor Limited)	4,900	June 2018	2021

37%

2022 2023 2024 2025+ 79%

Optus Centre, 15 Green Square Close, Fortitude Valley, QLD

The Optus Centre is located within the growing Fortitude Valley precinct, two kilometres from the Brisbane CBD and benefits from being at the northern gateway of the Brisbane CBD. It is a modern 5 star Green Star Design building with large 1,500 square metre floor plates.

Key Metrics as at 30 June 2015

General			Current Valuation
Ownership Interest	100% GMF		Fair Value	\$119.2m
Acquired (by GMF)	November 2013		Capitalisation Rate	7.25%
Asset Quality	A-Grade		Terminal Capitalisation Rate	7.38%
Construction/Refurbished	Completed 2013		Discount Rate	8.50%
			Valuation Type	External
Property Details			Office Occupancy
Office	16,200 sqm		Actual	100.0%
Retail	300 sqm		Including Signed Leases	100.0%
Car Parking Spaces	150		Including Heads of Agreement	100.0%
Typical Floor Plate	1,500 sqm
			Lease Expiry Profile
Office Tenant Details			By Income
Number of Office Tenants	4		2H 2015 2%
WALE (By Income)	6.6 years		2016
			2017
			2018 2019
Key Tenants	Area (sqm)	Expiry Date	2020 37%
Queensland Urban Utilities	7,390	May 2023	2021 7%
Optus	5,920	June 2020	2022
Papuan Oil Search	1,840	July 2023	2023 55%
Regus	1,090	August 2021	2024
			2025+ Covered by rental guarantee 79%

AI assistant

GPT GROUP — Interim / Quarterly Report 2015

65009_rns_2015-08-17_2d71983e-085b-429c-80f2-07ce881ed93c.pdf

GPT Interim Result

Contents

GPT Interim Result

Casuarina Square, Northern Territory

Key Metrics as at 30 June 2015

Sustainability

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

Key Metrics as at 30 June 2015

Dandenong Plaza, Victoria

Key Metrics as at 30 June 2015

Sustainability

Highpoint Shopping Centre, Victoria

Key Metrics as at 30 June 2015

Sustainability

1. Includes Homemaker City Maribyrnong.

Key Metrics as at 30 June 2015

Sustainability

Rouse Hill Town Centre, New South Wales

Key Metrics as at 30 June 2015

Sustainability

Sunshine Plaza, Queensland

Key Metrics as at 30 June 2015

Sustainability

Westfield Penrith, New South Wales

Key Metrics as at 30 June 2015

Casuarina Square, Northern Territory

Key Metrics as at 30 June 2015

Sustainability

Key Metrics as at 30 June 2015

Forestway Shopping Centre, New South Wales

Key Metrics as at 30 June 2015

Sustainability

Highpoint Shopping Centre, Victoria

Key Metrics as at 30 June 2015

Sustainability

Macarthur Square, New South Wales

Key Metrics as at 30 June 2015

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

Norton Plaza, New South Wales

Key Metrics as at 30 June 2015

Parkmore Shopping Centre, Victoria

Key Metrics as at 30 June 2015

Westfield Woden, Australian Capital Territory

Key Metrics as at 30 June 2015

Wollongong Central, New South Wales

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

Key Metrics as at 30 June 2015

Sustainability

GPT Interim Result

Australia Square, 264 George Street, Sydney

Key Metrics as at 30 June 2015

Sustainability Lease Expiry Profile

Citigroup Centre, 2 Park Street, Sydney

Key Metrics as at 30 June 2015

Sustainability Lease Expiry Profile

MLC Centre, 19 Martin Place, Sydney

Key Metrics as at 30 June 2015

Sustainability Lease Expiry Profile

Governor Phillip & Governor Macquarie Towers, 1 Farrer Place, Sydney

Key Metrics as at 30 June 2015

Sustainability Lease Expiry Profile

Melbourne Central Tower, 360 Elizabeth Street, Melbourne

Key Metrics as at 30 June 2015

By Income

CBW, Corner of Bourke & William Streets, Melbourne

Key Metrics as at 30 June 2015

Lease Expiry Profile

One One One Eagle Street, Brisbane

Key Metrics as at 30 June 2015

Sustainability Lease Expiry Profile

Liberty Place, 161 Castlereagh Street, Sydney

Key Metrics as at 30 June 2015

Sustainability Lease Expiry Profile

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

Key Metrics as at 30 June 2015

Sustainability Lease Expiry Profile

Darling Park 3, 201 Sussex Street, Sydney

GPT GROUP Interim / Quarterly Report 2015