MIRVAC GROUP

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Mirvac Group PROPERTY COMPENDIUM 2023
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Trielle Yarra’s Edge, Melbourne (artist impression, final design may differ)
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FY23 PROPERTY COMPENDIUM Investment Office Industrial Retail Build to Rent Funds Development Commercial & Mixed Use Residential Important Notice Contact Us 1

Contents

9 Investment 11 Office 37 Industrial
49 Retail

Mirvac is a leading, diversified Australian property group

Reimagine Urban Life

62 Build to Rent
68 Funds
72 Development
73 Commercial & Mixed Use 82 Residential

120 Important Notice

121 Contact Us

102 Total Assets / Developments[1]

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WA NT QLD
1 5 1 2 1 5 1
SA
NSW
22 13 7 1 12 2
1 1 ACT
VIC
13 1 3 10
TAS
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38 Office[1]

13 Industrial[1]

11 Retail[1] 5 Build to Rent[1]

32 Residential[1]

Asset numbers include investment properties, investment properties under construction (IPUC), MWOF office properties, BTR venture properties and assets for sale. Excludes residential proposed projects.

3 Mixed Use[1]

Investment Office Industrial Retail Build to Rent Funds Development Commercial & Mixed Use Residential Important Notice Contact Us 2

FY23 PROPERTY COMPENDIUM

NSW

New South Wales

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Total Assets / Developments
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Office Office
12 Office 2 8
development MWOF
Industrial
10 Industrial 3
development
Mixed Use
7 Retail 2
development
1 Build to Rent
12 Residential
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GREATER SYDNEY
NORTH SYDNEY CBD
101-103 Miller St 1 Darling Island Rd 8 Chifley Square
40 Miller St 65 Pirrama Rd Angel Place
The Avenue Greenwood Plaza Harbourside 255 George Street
275 Kent St Quay Quarter Tower
60 Margaret St Darling Park
200 George St 33 Alfred Street
55 Pitt St Brookfield Place
M7 10-20 Bond St Quay Quarter Lanes
55 Coonara Ave
MetCentre
M2
M4 Calibre Estate 8 Brabham Dr
274 Victoria Rd
NINE Willoughby
75 George St
39 Herbert St
Aspect PARRAMATTA
Switchyard Auburn Rhodes Waterside St Leonards Square
39 Britton St
1-47 Percival Rd Pavilions
Elizabeth Enterprise LIV Indigo
Birkenhead Point
Brand Outlet Broadway Sydney
South Eveleigh Waterloo Metro Quarter
Hoxton Distribution Park South Eveleigh Precinct The Langlee, Waverley
Locomotive Workshop East Village
WESTERN SYDNEY
Green Square
INTERNATIONAL
AIRPORT Nexus Industry Park Georges Cove 36 Gow St
M5
Riverlands Milperra SYDNEY INTERNATIONAL
AIRPORT
Cobbitty
34-38 Anzac Ave South Village Shopping Centre
The Village, Menangle
A8
Western Motorway
Great Western Hwy
Hume Hwy
Canterbury Rd
Camden Bypass
The Northern Rd
Heathcote Rd
Warringah Rd
Mona Vale Rd
King Georges Rd
Hume Motorway
Old Windsor Rd
Westlink M7
Princes Hwy
Davies Rd
Appin Rd
Pittwater Rd
Rockwood Rd
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Googong

Investment Office Industrial Retail Build to Rent Funds Development Commercial & Mixed Use Residential Important Notice Contact Us 3

FY23 PROPERTY COMPENDIUM

NSW New South Wales

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57 Total Assets / Developments

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SYDNEY CBD NORTH SYDNEY
NORTH SYDNEY
NINE Willoughby
SYDNEY HARBOUR BRIDGE
39 Herbert St
CIRCULAR QUAY
St Leonards Square
Quay Quarter Lanes
200 George St 33 Alfred St
255 George St 55 Pitt St
Quay Quarter Tower
1 Darling Island Rd 10-20 Bond St
60 Margaret St
MetCentre Brookfield Place
275 Kent St Angel Place
8 Chifley Square
65 Pirrama Rd
Harbourside
DARLING HYDE PARK
HARBOUR Darling Park 101-103 Miller St
40 Miller St Greenwood Plaza
NORTH SYDNEY
STATION
Cahill Expy
Park St
Pier St
Bridge Rd
Pacific Hwy
Harbour St
Western Distributor
Gore Hill Fwy
Darling Dr
Sydney Harbour Tunnel
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FY23 PROPERTY COMPENDIUM Investment Office Industrial Retail Build to Rent Funds Development Commercial & Mixed Use Residential Important Notice Contact Us 4

VIC Victoria

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27 Total Assets / Developments

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Office Office
9 Office 1 3
development MWOF
0 Industrial
1 Retail
Build to Rent
1 Build to Rent 2
development
10 Residential
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GREATER MELBOURNE
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Princes Fwy
Ballan Rd
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Olivine MELBOURNE AIRPORT Woodlea Moonee Ponds Central LIV Albert Fields 669 Park St Tullamore The Fabric Yarra's Edge 31 Queens Rd Wantirna South CBD 699 Bourke St 664 Collins St Waverley Park 7-23 Spencer St LIV Aston Olderfleet 477 Collins St 367 Collins St 2 Riverside Quay Riverside Quay 383 La Trobe St 90 Collins St LIV Munro 380 St Kilda Rd Collins Place Bourke Place 700 Bourke Street

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Smiths Lane

Investment Office Industrial Retail Build to Rent Funds Development Commercial & Mixed Use Residential Important Notice Contact Us 5

FY23 PROPERTY COMPENDIUM

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VIC
Victoria
27
Total Assets / Developments
Office Office
9 Office 1 3
development MWOF
0 Industrial
1 Retail
Build to Rent
1 Build to Rent 2
development
10 Residential
MELBOURNE CBD
MELBOURNE MUSEUM
LIV Munro
The Eastbourne
383 La Trobe St
FITZROY GARDENS
CBD 90 Collins St
Collins Place
Bourke Place
700 Bourke St
367 Collins St
699 Bourke St
Olderfleet 477 Collins St
664 Collins St
MELBOURNE CRICKET GROUND
2 Riverside Quay Riverside Quay
7-23 Spencer St
LIV Aston
NATIONAL GALLERY OF VICTORIA
SOUTHBANK
Yarra's Edge
Lorimer St
Victoria St
Victoria Parade
Swan St
Albert St
Yarra River
West Gate Fwy
Flinders St
Brunton Avenue
Dudley St
King St
Rathdowne St
Brunswick St
Punt Rd
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Clarendon St
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380 St Kilda Rd
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Investment Office Industrial Retail Build to Rent Funds Development Commercial & Mixed Use Residential Important Notice Contact Us 6

FY23 PROPERTY COMPENDIUM

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QLD
Queensland
10
Total Assets / Developments
1 Office
0 Industrial
Mixed Use
2 Retail 1
development
Build to Rent
0 Build to Rent 1
development
5 Residential
GREATER BRISBANE SUNSHINE COAST NOOSA
SUNSHINE COAST
BRISBANE AIRPORT AIRPORT
Ashford Toombul
Ascot Green
Waterfront
LIV Anura
Heritage Lanes 80 Ann St
Kawana Shoppingworld
Orion Springfield Central
Everleigh
Gainsborough Greens
GOLD COAST BRISBANE
Bli Bli Rd
m R
ay
an
Logan Motorway
d
Caloundra Rd
Y
W
in
u
o
a
Irwin
d
l
Co
Steve
Bruce Hwy
Mount Lindesay Hwy
Pacific Mwy Bruce Hwy
Centenary Hwy Mount Cotton Rd
Creek Rd
Nicklin Way
David Low Way
Sandgate Rd
Sunshine Motorway
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Investment Office Industrial Retail Build to Rent Funds Development Commercial & Mixed Use Residential Important Notice Contact Us 7

FY23 PROPERTY COMPENDIUM

WA Western Australia

6 Total Assets / Developments

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Office

Industrial

Retail

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Build to Rent

Residential

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PERTH
Henley Brook
SWAN VALLEY
Iluma Private Estate
David Malcolm Justice Centre CBD
PERTH AIRPORT
The Peninsula
ROTTNEST ISLAND
FREMANTLE
Madox
GARDEN ISLAND
JARRAHDALE
STATE FOREST
One71 Baldivis
Albany Hwy
Tonkin Hwy
S Western Hwk
Kwinana Kwy
Mitchell Fwy
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FY23 PROPERTY COMPENDIUM Investment Office Industrial Retail Build to Rent Funds Development Commercial & Mixed Use Residential Important Notice Contact Us 8

ACT Australian Capital Territory

2 Total Assets / Developments

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Office

Industrial Retail

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Build to Rent Residential

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CANBERRA
AUSTRALIAN
WAR MEMORIAL
Lake Burley Griffin
CANBERRA AIRPORT
PARLIAMENT HOUSE
Cooleman Court
23 Furzer St
NSW
BULLEN RANGE
NATURE RESERVE
Googong
Canberra Ave
Tuggeranong Pkwy
Majura Pkwy
Monaro Hwy
Northbourne Ave
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FY23 PROPERTY COMPENDIUM Investment Office Industrial Retail Build to Rent

Funds

Development Commercial & Mixed Use Residential Important Notice Contact Us

Investment

Mirvac manages a diverse portfolio of investment assets across the office, industrial, retail and build to rent sectors, leased to quality tenants including leading Australian and international companies. Mirvac’s integrated business approach includes utilising the specialised in-house asset management team, that is responsible for all leasing and property management across the entire portfolio.

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Heritage Lanes – 80 Ann Street, Brisbane

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Mirvac FY23 Property Compendium

Investment Overview

Property Portfolio

as at 30 JUNE 2023

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NO. OF CO- GLA/NLA [1,3 ] WALE [4 ] OCCUPANCY [1 ] CAP
TYPE OF PROPERTY PROPERTIES [1 ] VALUATION [2] INVESTMENTS (sqm) (by income) (by area) RATE [5]
OFFICE 24 $7,285m $459m 836,970 sqm 5.7 yrs 95.0% 5.30%
INDUSTRIAL 10 $1,324m $185m 470,939 sqm 6.6 yrs 100.0% 4.62%
RETAIL 11 $2,400m - 330,718 sqm 3.1 yrs 97.5% 5.59%
BUILD TO RENT 2 - $272m - n/a n/a n/a
TOTAL 47 $11,009m $916m 1,638,627 sqm 5.2 yrs 96.9% 5.28%
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Property Portfolio Diversification

Sector Diversification[6]

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OFFICE 65%
INDUSTRIAL 13%
RETAIL 20%
BUILD TO RENT 2%
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Geographic Diversification[7]

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NSW 63%
VIC 20%
QLD 11%
ACT 4%
WA 2%
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Lease Expiry Profile[8]

Total Portfolio

Office Portfolio

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60%
70%
60% 50% 48%
50% 46%
40%
40%
30%
30%
20% 16% 20% 16%
13%
10% 5% 5% 7% 8% 10% 6% 7% 10% 5% 8%
0%
0%
Vacant FY24 FY25 FY26 FY27 FY28 FY29+
Vacant FY24 FY25 FY26 FY27 FY28 FY29+
Industrial Portfolio Retail Portfolio
70% 70% 64% 64% 70% 70%
60% 60% 60% 60%
50% 50% 50% 50%
40% 40%
40% 40% 34% 34%
30% 30% 30% 30%
22% 22%
20% 20% 20% 20%
10% 10% 10% 10% 13% 13% 12% 12%
10% 10% 0% 0% 4% 4% 5% 5% 7% 7% 10% 10% 3% 1% 8% 8% 8% 8%
0% 0% Vacant Vacant FY24 FY24 FY25 FY25 FY26 FY26 FY27 FY27 FY28 FY28 FY29+ FY29+ 0% Vacant 0% Vacant FY24 FY24 FY25 FY25 FY26 FY26 FY27 FY27 FY28 FY28 FY29+ FY29+
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Includes BTR, assets held for sale, and excludes properties under construction (IPUC), other co-investment properties, properties being held for development and 53 Walker Street & 97 Pacific Highway, North Sydney, South Eveleigh Carpark and 80 Bay Street & 1-3 Smail Street, Ultimo (Sydney).
Includes assets held for sale, and properties being held for development and excludes IPUC and AASB 16 lease liability gross up amounts. Subject to rounding.
Retail GLA excludes 80 Bay Street & 1-3 Smail Street, Ultimo (Sydney).
Excludes IPUC and and office properties being held for development.
Excludes IPUC. BTR is excluded from Investment total.
By valuation, including Mirvac co-investments, assets held for sale, properties being held for development, and 53 Walker Street & 97 Pacific Highway, North Sydney, and South Eveleigh Carpark, but excluding IPUC.
By valuation, including assets held for sale, properties being held for development, and 53 Walker Street & 97 Pacific Highway, North Sydney, and South Eveleigh Carpark, but excluding Mirvac co-investments, and IPUC.
By income including assets held for sale, but excluding IPUC, BTR, Mirvac co-investments, and properties being held for development.

Investment Office Industrial Retail Build to Rent Funds Development Commercial & Mixed Use Residential Important Notice Contact Us

FY23 PROPERTY COMPENDIUM

Office

Comprising 65% of Mirvac’s investment property portfolio, the office portfolio is focused on the core markets of Sydney and Melbourne and has a weighted average lease expiry of 5.7 years.

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Olderfleet – 477 Collins Street, Melbourne

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Mirvac FY23 Property Compendium

Office

Grade Diversification[1]

Geographic Diversification[2]

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Premium 42% Premium 42% A Grade 57% A Grade 57% B Grade 1% B Grade 1% Other 0%

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Sydney 57%Sydney 57% Melbourne 29%Melbourne 29% Brisbane 6%Brisbane 6% Canberra 5%Canberra 5% Perth 3%Perth 3%

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VALUATION
% OF OFFICE AT
PORTFOLIO GROSS 30 JUNE CAP NABERS
PROPERTY LOCATION NLA [3] VALUE [3] OFFICE RENT 2023 [4] RATE RATING
1 101-103 MILLER STREET NORTH SYDNEY, NSW 37,473 SQM 4.1% $1,125/SQM $301.2m 5.38% 5.0 Star
2 40 MILLER STREET NORTH SYDNEY, NSW 12,615 SQM 2.6% $1,042/SQM $191.1m 5.63% 4.5 Star
3 10-20 BOND STREET SYDNEY, NSW 38,320 SQM 4.5% $1,209/SQM $325.0m 5.50% 5.5 Star
4 275 KENT STREET SYDNEY, NSW 77,255 SQM 11.9% $1,360/SQM $865.0m 4.88% 5.5 Star
5 SOUTH EVELEIGH PRECINCT EVELEIGH, NSW 102,292 SQM 6.3% $804/SQM $461.5m 5.00% 6.0 Star
6 75 GEORGE STREET PARRAMATTA, NSW 9,567 SQM 1.0% $636/SQM $72.8m 6.00% 2.5 Star
7 1 DARLING ISLAND PYRMONT, NSW 22,197 SQM 4.4% $971/SQM $317.1m 5.63% 6.0 Star
8 65 PIRRAMA ROAD PYRMONT, NSW 15,931 SQM 2.8% $952/SQM $206.0m 5.75% 6.0 Star
9 699 BOURKE STREET MELBOURNE, VIC 19,303 SQM 1.1% $741/SQM $79.2m 5.50% 5.5 Star
10 90 COLLINS STREET MELBOURNE, VIC 21,312 SQM 3.4% $859/SQM $248.0m 5.50% 4.0 Star
11 OLDERFLEET 477 COLLINS STREET MELBOURNE, VIC 58,594 SQM 6.2% $872/SQM $450.0m 4.88% 5.0 Star
12 664 COLLINS STREET MELBOURNE, VIC 26,476 SQM 2.2% $754/SQM $158.4m 5.13% 6.0 Star
13 383 LA TROBE STREET MELBOURNE, VIC 10,210 SQM 1.4% $750/SQM $100.0m 6.50% -
14 380 ST KILDA ROAD MELBOURNE, VIC 23,778 SQM 3.0% $640/SQM $217.8m 5.88% 5.0 Star
15 RIVERSIDE QUAY SOUTHBANK, VIC 31,822 SQM 4.8% $884/SQM $347.0m 5.63% 4.5 Star
16 2 RIVERSIDE QUAY SOUTHBANK, VIC 21,132 SQM 2.1% $821/SQM $150.5m 5.38% 5.5 Star
17 23 FURZER STREET PHILLIP, ACT 46,167 SQM 5.1% $511/SQM $375.0m 5.63% 6.0 Star
18 HERITAGE LANES 80 ANN STREET BRISBANE, QLD 62,165 SQM 5.6% $893/SQM $409.1m 5.00% -
OFFICE INVESTMENT PROPERTIES TOTAL 636,609 SQM $5,324.7m [5]
19 8 CHIFLEY SQUARE SYDNEY, NSW 19,346 SQM 3.0% $1,555/SQM $220.3m 5.13% 4.5 Star
20 200 GEORGE STREET SYDNEY, NSW 39,046 SQM 7.5% $1,605/SQM $544.7m 4.75% 5.5 Star
21 LOCOMOTIVE WORKSHOP EVELEIGH, NSW 31,438 SQM 3.0% $886/SQM $221.7m 5.00% -
22 DAVID MALCOLM JUSTICE CENTRE, 28 BARRACK STREET PERTH, WA 31,881 SQM 3.5% $845/SQM $255.6m 5.38% 5.0 Star
OFFICE INVESTMENT IN JOINT VENTURES & ASSOCIATES TOTAL 121,711 SQM $1,242.3m
23 60 MARGARET STREET SYDNEY, NSW 40,772 SQM 4.8% $1,245/SQM $347.2m n/a 4.5 Star
24 367 COLLINS STREET MELBOURNE, VIC 37,878 SQM 5.1% $843/SQM $371.0m n/a 4.5 Star
OFFICE INVESTMENT PROPERTIES CLASSIFIED AS HELD FOR SALE TOTAL 78,650 SQM $718.2m
OFFICE TOTAL 836,970 SQM $7,285.2m [5] 5.30%
MWOF CO-INVESTMENT $459.0m
TOTAL OFFICE INVESTMENT $7,744.2m [5]
WEIGHTED AVERAGE LEASE EXPIRY (BY INCOME) 5.7 YEARS
OCCUPANCY % (BY AREA) 95.0%
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By valuation, including properties held for sale, but excluding IPUC and Mirvac's MWOF co-investment at equity value.
By valuation, including properties being held for development, and properties held for sale but excluding IPUC and Mirvac's MWOF co-investment at equity value.
Subject to rounding.
Valuations represent Mirvac’s ownership. Subject to rounding.
This total value includes 53 Walker Street & 97 Pacific Highway, North Sydney, and South Eveleigh Carpark. These assets are excluded from all other operational metrics. Subject to rounding.

Mirvac FY23 Property Compendium

Investment Property Office

101-103 MILLER STREET

NORTH SYDNEY, NSW

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This landmark premium grade office tower and major retail centre is located above Greenwood Plaza in the heart of the North Sydney CBD, with a direct link to North Sydney Railway Station. The complex was built in 1992 and underwent major refurbishment in 2008. A premium grade office tower in North Sydney, it has achieved a 5 Star Green Star rating and a 5 Star NABERS Energy rating.

Summary Information

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GRADE Premium
NABERS RATING 5.0 Star
OWNERSHIP 50% Mirvac, 50% CapitaLand Integrated Commercial Trust
NLA 37,473 SQM
CAR SPACES 187
ACQUISITION DATE Jun-94
LAST EXTERNAL VALUATION DATE 30-Jun-22
VALUATION AT 30 JUNE 2023 $301.2m [1]
VALUER Directors Valuation
CAPITALISATION RATE 5.38%
DISCOUNT RATE 6.25%
GROSS OFFICE RENT $1,125/SQM
Major Tenants NLA SQM Lease Expiry
Commonwealth of Australia 10,324 Nov-26
Allianz 5,658 Jun-28
Lease Expiry Profile % Income
VACANCY 5.7%
FY24 24.5%
FY25 7.5%
FY26 0.0%
FY27 38.6%
FY28 16.7%
FY29+ 7.0%
WALE 3.0 YEARS
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Book value represents Mirvac's ownership.

Mirvac FY23 Property Compendium

Investment Property Office

40 MILLER STREET

NORTH SYDNEY, NSW

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40 Miller Street is an A-grade office building located adjacent to North Sydney Railway Station. Developed by Mirvac in 2000, it enjoys commanding views of Sydney harbour from all floors, with outdoor balconies providing additional amenity for tenants. The building has achieved a 4.5 Star NABERS Energy rating.

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Summary Information
GRADE A
NABERS RATING 4.5 Star
OWNERSHIP 100%
NLA 12,615 SQM
CAR SPACES 105
ACQUISITION DATE May-98
LAST EXTERNAL VALUATION DATE 30-Jun-22
VALUATION AT 30 JUNE 2023 $191.1m
VALUER Directors Valuation
CAPITALISATION RATE 5.63%
DISCOUNT RATE 6.38%
GROSS OFFICE RENT $1,042/SQM
Major Tenants NLA SQM Lease Expiry
UGL 5,814 Feb-28
Vocus 2,549 Dec-32
Lease Expiry Profile % Income
VACANCY 4.9%
FY24 3.7%
FY25 8.5%
FY26 0.0%
FY27 1.4%
FY28 57.1%
FY29+ 24.4%
WALE 5.0 YEARS
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Mirvac FY23 Property Compendium

Investment Property Office

10-20 BOND STREET SYDNEY, NSW

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With a newly refurbished lobby and end of trip facility, 10-20 Bond Street delivers a powerful blend of modern style and function. An A-grade office building with premium grade services, this efficient commercial office tower provides regularly shaped floor plates throughout, inviting natural light to permeate the workspaces and showcase the impressive cityscape and harbour views. The building has achieved a 4 Star Green Star design rating, and a 5.5 Star NABERS Energy rating.

Summary Information

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GRADE A
NABERS RATING 5.5 Star
50% Mirvac, 50% Prime Property Fund Asia
OWNERSHIP
Limited Partnership
NLA 38,320 SQM
CAR SPACES 150
ACQUISITION DATE Dec-09
LAST EXTERNAL VALUATION DATE 30-Jun-23
VALUATION AT 30 JUNE 2023 $325.0m [1]
VALUER Savills
CAPITALISATION RATE 5.50%
DISCOUNT RATE 6.25%
GROSS OFFICE RENT $1,209/SQM
Major Tenants NLA SQM Lease Expiry
Clearview Administration Services 3,436 Apr-26
Australian Energy Market Operator (AEMO) 1,935 Mar-27
Lease Expiry Profile % Income
VACANCY 5.8%
FY24 21.4%
FY25 12.2%
FY26 17.1%
FY27 13.9%
FY28 11.6%
FY29+ 18.0%
WALE 3.0 YEARS
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Book value represents Mirvac's ownership.

Mirvac FY23 Property Compendium

Investment Property Office

275 KENT STREET SYDNEY, NSW

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Completed in 2006, Westpac Place is one of the largest office buildings in Australia and is located in the fast growing north-western corridor of the Sydney CBD. The winner of numerous property industry awards, it provides premium grade office accommodation and is the head office of Westpac Banking Corporation. The precinct also includes a sun-filled urban park available for public use, a newly renovated food court, childcare facilities and a public thoroughfare linking Darling Harbour to the Wynyard transport hub. The building features state-of-the-art technology to minimise environmental impacts and reduce energy costs, and has a 6 Star Green Star Performance rating, and a 5.5 Star NABERS Energy rating.

Summary Information

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GRADE Premium
NABERS RATING 5.5 Star
OWNERSHIP 50% Mirvac, 50% ISPT
NLA 77,255 SQM
CAR SPACES 214
ACQUISITION DATE Aug-10
LAST EXTERNAL VALUATION DATE 30-Jun-23
VALUATION AT 30 JUNE 2023 $865.0m [1]
VALUER JLL
CAPITALISATION RATE 4.88%
DISCOUNT RATE 6.13%
GROSS OFFICE RENT $1,360/SQM
Major Tenants NLA SQM Lease Expiry
Westpac 59,465 Oct-30
Westpac L24-32 16,131 Jul-24
Lease Expiry Profile % Income
VACANCY 0.9%
FY24 0.0%
FY25 25.3%
FY26 0.2%
FY27 0.0%
FY28 0.0%
FY29+ 73.6%
WALE 5.6 YEARS
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Book value represents Mirvac's ownership.

Mirvac FY23 Property Compendium

Investment Property Office

SOUTH EVELEIGH PRECINCT

EVELEIGH, NSW

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Located on Sydney's CBD fringe, South Eveleigh is Mirvac's largest office development to date, with the site having convenient direct links to Redfern train station. The precinct includes office space, leased to Commonwealth Bank of Australia, ground plane retail, public artworks and range of community facilities, including sports courts, an oval and skate park. Axle (Building 1) and Yerrabingin House (Building 3) reached completion in March 2019. Axle comprises 8 levels and over 44,000 square metres of NLA with 179 car spaces and premium end of trip facilities and has achieved a 6 star Green Star rating, a 6 star NABERS energy rating and a 5 star NABERS water rating. Yerrabingin House is the precinct’s cultural hub that brings together Aboriginal and eco-tourism history and knowledge into a multi-layered heritage experience. The Foundry (Building 2) was completed in May 2020 and spans over 50,000 square metres of NLA over 6 levels. With expansive floorplates nearing 9,000 square metres, it has earned the title of one of Australia’s first ‘groundscrapers’ in reference to its large-scale, low-level design. The Foundry achieved a 6 Star Green Star rating, 6 Star NABERS Energy rating, and a 5.5 star NABERS water rating.

Summary Information

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GRADE A
NABERS RATING 6.0 Star [1]
OWNERSHIP 33.3% Mirvac, 33.3% MWOF, 33.3% Australian Retirement Trust
NLA 102,292 SQM
CAR SPACES 700
ACQUISITION DATE Aug-19
LAST EXTERNAL VALUATION DATE 31-Dec-22
VALUATION AT 30 JUNE 2023 $461.5m [2]
VALUER Directors Valuation
CAPITALISATION RATE 5.00%
DISCOUNT RATE 6.13%
GROSS OFFICE RENT $804/SQM
Major Tenants NLA SQM Lease Expiry
CBA (The Foundry) 51,079 Nov-35
CBA (Axle and Yerrabingin House) 46,569 Aug-34
Lease Expiry Profile % Income
VACANCY 0.2%
FY24 0.1%
FY25 0.2%
FY26 0.3%
FY27 0.0%
FY28 1.4%
FY29+ 97.8%
WALE 11.4 YEARS
----- End of picture text -----

Axle & Foundry buildings only.
Book value represents Mirvac's ownership.

Mirvac FY23 Property Compendium

Investment Property Office

75 GEORGE STREET

PARRAMATTA, NSW

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75 George Street is an A-grade tower comprising six levels. Prominently positioned in the heart of Parramatta CBD, at the intersection of George Street and Smith Street, the asset benefits from being located between the traditional centre of Parramatta, and the new development precinct concentrated around Parramatta Square and the future Parramatta metro train station.

Summary Information

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GRADE A
NABERS RATING 2.5 Star
OWNERSHIP 100%
NLA 9,567 SQM
CAR SPACES 104
ACQUISITION DATE Jan-18
LAST EXTERNAL VALUATION DATE 30-Jun-22
VALUATION AT 30 JUNE 2023 $72.8m
VALUER Directors Valuation
CAPITALISATION RATE 6.00%
DISCOUNT RATE 6.63%
GROSS OFFICE RENT $636/SQM
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Lease Expiry Profile % Income

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VACANCY 88.7%
FY24 6.5%
FY25 4.8%
FY26 0.0%
FY27 0.0%
FY28 0.0%
FY29+ 0.0%
WALE 0.1 YEARS
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Mirvac FY23 Property Compendium

Investment Property Office

1 DARLING ISLAND PYRMONT, NSW

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Developed by Mirvac in 2006, this fully leased A-grade office campus comprises six office floors along with two basement levels of parking. Situated on the Sydney CBD fringe close to the waterfront, the building features large floor plates of more than 4,400 square metres each and has achieved a 6 Star NABERS Energy rating.

Summary Information

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GRADE A
NABERS RATING 6.0 Star
OWNERSHIP 100%
NLA 22,197 SQM
CAR SPACES 131
ACQUISITION DATE Apr-04
LAST EXTERNAL VALUATION DATE 31-Dec-21
VALUATION AT 30 JUNE 2023 $317.1m
VALUER Directors Valuation
CAPITALISATION RATE 5.63%
DISCOUNT RATE 6.38%
GROSS OFFICE RENT $971/SQM
Major Tenants NLA SQM Lease Expiry
Google Australia 22,197 Jun-27
Lease Expiry Profile % Income
VACANCY 0.0%
FY24 0.0%
FY25 0.0%
FY26 0.0%
FY27 100.0%
FY28 0.0%
FY29+ 0.0%
WALE 4.0 YEARS
----- End of picture text -----

Mirvac FY23 Property Compendium

Investment Property Office

65 PIRRAMA ROAD

PYRMONT, NSW

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Developed by Mirvac in 2002 with a full lobby and end of trip refurbishment completed in 2021, 65 Pirrama Road is an A grade, waterfront commercial office complex, comprising five office levels. Also known as Bay Centre, located next to Darling Harbour and The Star casino, the building has large floor plates in excess of 3,000 square metres each, and offers tenants a flexible and modern working environment with city and harbour views from all levels. The building has achieved a 6.0 Star NABERS Energy rating.

Summary Information

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GRADE A
NABERS RATING 6.0 Star
OWNERSHIP 100%
NLA 15,931 SQM
CAR SPACES 112
ACQUISITION DATE Jun-01
LAST EXTERNAL VALUATION DATE 30-Jun-23
VALUATION AT 30 JUNE 2023 $206.0m
VALUER Colliers International
CAPITALISATION RATE 5.75%
DISCOUNT RATE 6.25%
GROSS OFFICE RENT $952/SQM
Major Tenants NLA SQM Lease Expiry
John Holland 6,243 Dec-24
Australian Communications & Media Authority 3,889 Feb-28
Lease Expiry Profile % Income
VACANCY 0.0%
FY24 0.2%
FY25 44.6%
FY26 0.0%
FY27 5.8%
FY28 26.8%
FY29+ 22.6%
WALE 3.3 YEARS
----- End of picture text -----

Mirvac FY23 Property Compendium

Investment Property Office

699 BOURKE STREET

MELBOURNE, VIC

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Developed by Mirvac and completed in 2015, 699 Bourke Street is located at the western edge of Southern Cross Station and affords direct access to transport, food and lifestyle amenities, with the Docklands waterfront within minutes from the front door. The A-grade building is designed to provide premium grade services and promote visual and vertical connectivity for employees, boasting 270 degree views and natural light provided via floor to ceiling glazing. The building has received a 6 Star Green Star Design rating and a 5.5 Star NABERS Energy rating.

Summary Information

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GRADE A
NABERS RATING 5.5 Star
50% Mirvac, 50% Prime Property Fund Asia Limited
OWNERSHIP
Partnership
NLA 19,303 SQM
CAR SPACES 86
ACQUISITION DATE Jun-15
LAST EXTERNAL VALUATION DATE 30-Jun-22
VALUATION AT 30 JUNE 2023 $79.2m [1]
VALUER Directors Valuation
CAPITALISATION RATE 5.50%
DISCOUNT RATE 6.50%
GROSS OFFICE RENT $741/SQM
Major Tenants NLA SQM Lease Expiry
AGL Energy 19,303 May-25
Secure Parking - Apr-25
Lease Expiry Profile % Income
VACANCY 0.0%
FY24 0.0%
FY25 100.0%
FY26 0.0%
FY27 0.0%
FY28 0.0%
FY29+ 0.0%
WALE 1.9 YEARS
----- End of picture text -----

Book value represents Mirvac's ownership.

Mirvac FY23 Property Compendium

Investment Property Office

90 COLLINS STREET

MELBOURNE, VIC

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90 Collins Street is an A-grade office tower located at the prestigious Paris end of Collins Street in Melbourne's CBD. Mirvac originally purchased the asset in 2013. The asset is home to premium retail frontage including Cartier. The building has achieved a 4.0 Star NABERS rating.

Summary Information

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GRADE A
NABERS RATING 4.0 Star
OWNERSHIP 100%
NLA 21,312 SQM
CAR SPACES 111
ACQUISITION DATE May-13
LAST EXTERNAL VALUATION DATE 30-Jun-22
VALUATION AT 30 JUNE 2023 $248.0m
VALUER Directors Valuation
CAPITALISATION RATE 5.50%
DISCOUNT RATE 6.25%
GROSS OFFICE RENT $859/SQM
Major Tenants NLA SQM Lease Expiry
Whitbread Associates 1,461 Dec-26
PCL Lawyers 1,062 Feb-27
Lease Expiry Profile % Income
VACANCY 37.1%
FY24 13.1%
FY25 12.0%
FY26 16.5%
FY27 15.7%
FY28 5.6%
FY29+ 0.0%
WALE 1.4 YEARS
----- End of picture text -----

Mirvac FY23 Property Compendium

Investment Property Office

OLDERFLEET 477 COLLINS STREET

MELBOURNE, VIC

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Completed in 2020 and located on Melbourne’s premier office street in the heart of the CBD, Olderfleet 477 Collins Street is an iconic 58,000 square metre Premium grade office tower designed by award winning architects Grimshaw, with interiors by Carr Design. The building pays homage to Melbourne’s past with its sympathetic refurbishment of three prominent heritage buildings fronting Collins Street. The development includes smart technology, leading sustainability features and premium amenities, including hotel-style end-of trip facilities, childcare, a concierge and flexible space options. Anchor tenant Deloitte has 28,000 square metres of space and they are joined by several other organisations including Norton Rose Fulbright, Lander & Rogers and Urbis. Olderfleet was the first office building in the country to achieve a Platinum Core and Shell WELL Pre-Certification. The building has achieved a 5 Star NABERS Energy and 6 Star Green Star ratings.

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Summary Information
GRADE Premium
NABERS RATING 5.0 Star
OWNERSHIP 50% Mirvac, 50% Suntec
NLA 58,594 SQM
CAR SPACES 416
ACQUISITION DATE Jul-20
LAST EXTERNAL VALUATION DATE 30-Jun-23
VALUATION AT 30 JUNE 2023 $450.0m [1]
VALUER CBRE
CAPITALISATION RATE 4.88%
DISCOUNT RATE 6.13%
GROSS OFFICE RENT $872/SQM
Major Tenants NLA SQM Lease Expiry
Deloitte 28,791 Jun-32
Landers & Rogers 5,924 Dec-32
Lease Expiry Profile % Income
VACANCY 2.3%
FY24 0.0%
FY25 1.5%
FY26 0.0%
FY27 0.6%
FY28 2.0%
FY29+ 93.6%
WALE 8.4 YEARS
----- End of picture text -----

Book value represents Mirvac's ownership.

Mirvac FY23 Property Compendium

Investment Property Office

664 COLLINS STREET

MELBOURNE, VIC

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Developed by Mirvac and completed in 2018, 664 Collins Street provides 26,000 square metres of office space across nine levels, with expansive floor plates of over 3,100 square metres. In its unique urban location above Southern Cross Station, 664 Collins Street provides its tenants with uninterrupted city views on all sides, as well as pedestrian access to the station, major tram routes, and both Collins and Bourke streets through a unique elevated open-air public walkway. The building is equipped with smart technology that collects real-time data to improve operational efficiency, as well as pioneering sustainability features driving its 6 star NABERS Energy rating. The building also boasts best in class end-of-trip facilities exclusive to its tenants, along with on-site car parking.

Summary Information

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GRADE A
NABERS RATING 6.0 Star
50% Mirvac, 50% Prime Property Fund Asia Limited
OWNERSHIP
Partnership
NLA 26,476 SQM
CAR SPACES 101
ACQUISITION DATE Apr-18
LAST EXTERNAL VALUATION DATE 30-Jun-22
VALUATION AT 30 JUNE 2023 $158.4m [1]
VALUER Directors Valuation
CAPITALISATION RATE 5.13%
DISCOUNT RATE 6.25%
GROSS OFFICE RENT $754/SQM
Major Tenants NLA SQM Lease Expiry
Pitcher Partners 9,086 Jun-30
ExxonMobil 7,176 Apr-28
Lease Expiry Profile % Income
VACANCY 0.6%
FY24 0.0%
FY25 2.9%
FY26 0.0%
FY27 24.2%
FY28 27.9%
FY29+ 44.4%
WALE 5.1 YEARS
----- End of picture text -----

Book value represents Mirvac's ownership.

Mirvac FY23 Property Compendium

Investment Property Office

383 LA TROBE STREET

MELBOURNE, VIC

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Located within Melbourne CBD’s legal precinct and close to Flagstaff train station and other public transport services, 383 La Trobe Street is a seven-level B-grade office asset with future redevelopment potential. The office component covers 10,200 square metres and is leased to the Australian Federal Police.

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

Summary Information
GRADE B
NABERS RATING -
OWNERSHIP 100%
NLA 10,210 SQM
CAR SPACES 544
ACQUISITION DATE Sep-18
LAST EXTERNAL VALUATION DATE 30-Jun-22
VALUATION AT 30 JUNE 2023 $100.0m
VALUER Directors Valuation
CAPITALISATION RATE 6.50%
DISCOUNT RATE 6.50%
GROSS OFFICE RENT $750/SQM
Major Tenants NLA SQM Lease Expiry
Australian Federal Police 10,210 Jun-23
Secure Parking - Jun-23
Lease Expiry Profile % Income
VACANCY 100.0%
FY24 0.0%
FY25 0.0%
FY26 0.0%
FY27 0.0%
FY28 0.0%
FY29+ 0.0%
WALE 0
----- End of picture text -----

Mirvac FY23 Property Compendium

Investment Property Office

380 ST KILDA ROAD

MELBOURNE, VIC

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image
----- End of picture text -----

This 15-level, A-grade office building comprises six podium levels of up to 2,800 square metres each, with tower floors of 1,200 square metres each. Prominently located at the city end of St Kilda Road and opposite the Royal Botanic Gardens, the building has excellent natural light and views to Port Phillip Bay. 380 St Kilda Road has received approval for refurbishment works which commenced in late 2022. The works include a lobby refurbishment, ground floor plane repositioning and end of trip upgrades. The building has achieved a 5.5 star NABERS Energy rating.

Summary Information

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GRADE A
NABERS RATING 5.0 Star
OWNERSHIP 100%
NLA 23,778 SQM
CAR SPACES 331
ACQUISITION DATE Oct 95 (50%), Apr 01 (50%)
LAST EXTERNAL VALUATION DATE 30-Jun-22
VALUATION AT 30 JUNE 2023 $217.8m
VALUER Directors Valuation
CAPITALISATION RATE 5.88%
DISCOUNT RATE 6.50%
GROSS OFFICE RENT $640/SQM
Major Tenants NLA SQM Lease Expiry
Toll Transport 2,800 Nov-25
Defence Health 2,778 May-28
Lease Expiry Profile % Income
VACANCY 37.1%
FY24 2.7%
FY25 15.9%
FY26 20.9%
FY27 7.4%
FY28 10.8%
FY29+ 5.2%
WALE 2.3 YEARS
----- End of picture text -----

Mirvac FY23 Property Compendium

Investment Property Office

RIVERSIDE QUAY

SOUTHBANK, VIC

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Riverside Quay is a modern A-grade office complex comprising three individual buildings, situated along the riverfront of Southbank, directly across from Melbourne's CBD. Enjoying panoramic views of the city, Riverside Quay is in close proximity to strong public transport links and excellent amenity, with Flinders Street Station, the Crown Entertainment Complex, Southgate and extensive dining precincts situated in the nearby area. The buildings have achieved an average NABERS Energy rating of 4.5 stars.

Summary Information

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

GRADE A
NABERS RATING 4.5 Star
OWNERSHIP 100%
NLA 31,822 SQM
CAR SPACES 82
ACQUISITION DATE Apr 02 (1&3), Jul 03 (2)
LAST EXTERNAL VALUATION DATE 30-Jun-23
VALUATION AT 30 JUNE 2023 $347.0m
VALUER Savills
CAPITALISATION RATE 5.63%
DISCOUNT RATE 6.25%
GROSS OFFICE RENT $884/SQM
Major Tenants NLA SQM Lease Expiry
Japara Holdings Pty Ltd 1,566 Apr-24
Veris Australia 1,565 Oct-25
Lease Expiry Profile % Income
VACANCY 6.1%
FY24 14.7%
FY25 15.4%
FY26 14.5%
FY27 20.0%
FY28 12.8%
FY29+ 16.5%
WALE 3.4 YEARS
----- End of picture text -----

Mirvac FY23 Property Compendium

Investment Property Office

2 RIVERSIDE QUAY SOUTHBANK, VIC

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Developed by Mirvac and completed in 2016, 2 Riverside Quay is located along the waterfront of Southbank, directly across from Melbourne's CBD. The office development was built above an existing eight-level car park structure and comprises 12 levels of office with ground floor retail and a roof top terrace. Leading sustainability initiatives were implemented within the building, including high-performance air conditioning, rainwater capture and recycling, and the use of high-performance glazing and façade systems to reduce solar loads resulting in a 5.5 star NABERS energy rating.

Summary Information

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

GRADE A
NABERS RATING 5.5 Star
OWNERSHIP 50% Mirvac, 50% ISPT
NLA 21,132 SQM
CAR SPACES 567
ACQUISITION DATE Dec-16
LAST EXTERNAL VALUATION DATE 30-Jun-23
VALUATION AT 30 JUNE 2023 $150.5m [1]
VALUER Savills
CAPITALISATION RATE 5.38%
DISCOUNT RATE 6.25%
GROSS OFFICE RENT $821/SQM
Major Tenants NLA SQM Lease Expiry
PwC 17,257 Jan-29
Wilson Parking - Jan-29
Lease Expiry Profile % Income
VACANCY 0.0%
FY24 0.3%
FY25 0.0%
FY26 0.1%
FY27 7.6%
FY28 8.3%
FY29+ 83.7%
WALE 5.3 YEARS
----- End of picture text -----

Book value represents Mirvac's ownership.

Mirvac FY23 Property Compendium

Investment Property Office

23 FURZER STREET PHILLIP, ACT

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Completed in 2010, this campus style office building was purpose built for the Department of Health and Aged Care and comprises 10 office levels with floors of approximately 4,500 square metres each, as well as two levels of basement parking. The building has achieved a 6 Star NABERS Energy rating, a 6 star NABERS Water rating and a 6 Star Green Star performance rating.

Summary Information

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

GRADE A
NABERS RATING 6.0 Star
OWNERSHIP 100%
NLA 46,167 SQM
CAR SPACES 374
ACQUISITION DATE Feb-10
LAST EXTERNAL VALUATION DATE 30-Jun-23
VALUATION AT 30 JUNE 2023 $375.0m
VALUER Knight Frank
CAPITALISATION RATE 5.63%
DISCOUNT RATE 6.25%
GROSS OFFICE RENT $511/SQM
Major Tenants NLA SQM Lease Expiry
Department of Health & Aged Care 45,967 Feb-35
Blue Fez 200 Feb-27
Lease Expiry Profile % Income
VACANCY 0.0%
FY24 0.0%
FY25 0.0%
FY26 0.0%
FY27 0.4%
FY28 0.0%
FY29+ 99.6%
WALE 11.6 YEARS
----- End of picture text -----

Mirvac FY23 Property Compendium

Investment Property Office

HERITAGE LANES 80 ANN STREET

BRISBANE, QLD

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80 Ann Street, or "Heritage Lanes", is a 35 level, approximately 62,100 square metre premium office building in Brisbane’s CBD with dual frontage to Turbot and Ann Streets. The building reached practical completion in April 2022, being anchored by Suncorp and KPMG. The building’s design provides a number of breathable spaces throughout to take advantage of the local climate and also pays homage to the old Brisbane Produce Exchange which was located on the site until the mid-1900s. This is reflected in the heritage façade fronting Turbot Street and the marketplace experience being created on the ground plane which extends through to the main lobby on Level 1. Designed by Woods Bagot Architects, the building is targeting WELL Gold Shell and Core and 6 Star Green Star as built ratings.

Summary Information

==> picture [475 x 350] intentionally omitted <==

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

GRADE Premium
NABERS RATING -
OWNERSHIP 50% Mirvac, 50% M&G Real Estate
NLA 62,165 SQM
CAR SPACES 125
ACQUISITION DATE Jul-18
LAST EXTERNAL VALUATION DATE 30-Jun-22
VALUATION AT 30 JUNE 2023 $409.1m [1]
VALUER Directors Valuation
CAPITALISATION RATE 5.00%
DISCOUNT RATE 6.13%
GROSS OFFICE RENT $893/SQM
Major Tenants NLA SQM Lease Expiry
Suncorp 39,189 Jun-32
KPMG 7,740 Sep-33
Lease Expiry Profile % Income
VACANCY 0.1%
FY24 0.0%
FY25 0.0%
FY26 0.0%
FY27 1.9%
FY28 1.6%
FY29+ 96.4%
WALE 8.9 YEARS
----- End of picture text -----

Book value represents Mirvac's ownership.

Mirvac FY23 Property Compendium

Investment in Joint Ventures & Associates Office

8 CHIFLEY SQUARE SYDNEY, NSW

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8 Chifley Square brings to life the vision of the internationally renowned Richard Rogers of Rogers Stirk Harbour + Partners together with the Lippmann Partnership. A building for a changing world, this iconic tower pioneers the vertical village concept in Australia, delivering a flexible platform designed to support connectivity, collaboration and flexibility for its tenants. With a commitment to delivering exceptional environmental performance and sustainability, 8 Chifley Square has been awarded a 6 Star Green Star Office Design v2 certified rating, which represents World Leadership in environmental sustainability practices.

Summary Information

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

GRADE Premium
NABERS RATING 4.5 Star
OWNERSHIP 50% Mirvac, 50% Keppel REIT
NLA 19,346 SQM
CAR SPACES 27
ACQUISITION DATE Dec-13
LAST EXTERNAL VALUATION DATE 31-Dec-22
VALUATION AT 30 JUNE 2023 $220.3m [1]
VALUER Directors Valuation
CAPITALISATION RATE 5.13%
DISCOUNT RATE 6.25%
GROSS OFFICE RENT $1,555/SQM
Major Tenants NLA SQM Lease Expiry
RBA 9,118 Jul-28
InfraBuild Trading Pty Ltd 2,836 Jan-24
Lease Expiry Profile % Income
VACANCY 12.8%
FY24 17.7%
FY25 2.7%
FY26 0.4%
FY27 9.2%
FY28 0.1%
FY29+ 57.1%
WALE 3.6 YEARS
----- End of picture text -----

Book value represents Mirvac's ownership.

Mirvac FY23 Property Compendium

Investment in Joint Ventures & Associates Office

200 GEORGE STREET

SYDNEY, NSW

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Completed in 2016, EY Centre is an iconic Premium-grade office tower, designed by award winning architects Francis-Jones Morehen Thorp. The tower is one of the first 'smart' office buildings in Australia, with market leading technology that adjusts the internal environment to meet the needs of tenants. In March 2017, Mirvac received Australia's first Gold WELL-certification for its tenancy at 200 George Street, in addition to a 6 Star Green Star Interior rating. The building has achieved a 6 Green Star As-Built rating, and a 5.5 Star NABERS rating.

Summary Information

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

GRADE Premium
NABERS RATING 5.5 Star
OWNERSHIP 50.1% Mirvac, 49.9% M&G Real Estate
NLA 39,046 SQM
CAR SPACES 62
ACQUISITION DATE Jun-16
LAST EXTERNAL VALUATION DATE 30-Jun-22
VALUATION AT 30 JUNE 2023 $544.7m [1]
VALUER Directors Valuation
CAPITALISATION RATE 4.75%
DISCOUNT RATE 6.13%
GROSS OFFICE RENT $1,605/SQM
Major Tenants [2] NLA SQM Lease Expiry
EY 25,850 Dec-26
AGL Energy 3,457 Jun-29
Lease Expiry Profile % Income
VACANCY 0.4%
FY24 0.1%
FY25 0.0%
FY26 19.3%
FY27 62.9%
FY28 0.5%
FY29+ 16.8%
WALE 4.1 YEARS
----- End of picture text -----

Book value represents Mirvac's ownership.
Excludes Mirvac tenancy.

Mirvac FY23 Property Compendium

Investment in Joint Ventures & Associates Office

LOCOMOTIVE WORKSHOP

EVELEIGH, NSW

==> picture [214 x 137] intentionally omitted <==

Completed in 2021 and located in Sydney’s CBD Fringe, the Locomotive Workshop provides 31,000 square metres of A grade space over 15 bays, with anchor tenants Quantium Group and OMG. The adaptive re-use and redevelopment of the 1880’s-built heritage listed Locomotive Workshop includes a combination of bespoke retail, and modern infill office with innovative heritage design and interpretation. The Locomotive Workshop is of high heritage significance and as such the redevelopment preserved and celebrated the building fabric, its collections and blacksmith activity to create an industry leading example of adaptive reuse and heritage interpretation.

Summary Information

==> picture [482 x 348] intentionally omitted <==

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

GRADE A
NABERS RATING -
OWNERSHIP 51% Mirvac, 49% Australian Retirement Trust
NLA 31,438 SQM
CAR SPACES -
ACQUISITION DATE Apr-16
LAST EXTERNAL VALUATION DATE 31-Dec-21
VALUATION AT 30 JUNE 2023 $221.7m [1]
VALUER Directors Valuation
CAPITALISATION RATE 5.00%
DISCOUNT RATE 6.25%
GROSS OFFICE RENT $886/SQM
Major Tenants NLA SQM Lease Expiry
Quantium Group 12,369 Oct-31
OMG 4,122 Jun-32
Lease Expiry Profile % Income
VACANCY 10.9%
FY24 0.1%
FY25 0.0%
FY26 0.5%
FY27 1.3%
FY28 0.0%
FY29+ 87.2%
WALE 7.9 YEARS
----- End of picture text -----

Book value represents Mirvac's ownership.

Mirvac FY23 Property Compendium

Investment in Joint Ventures & Associates Office

DAVID MALCOLM JUSTICE CENTRE, 28 BARRACK STREET

PERTH, WA

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Developed by Mirvac and completed in late 2015, the David Malcolm Justice Centre (previously Treasury Building) is a 33 level office tower, which fronts on to Barrack Street and is immediately south of Town Hall. The property offers a vaulted multi-storey ground floor lobby, column-free floor plates and views of the Swan River above Level 4. The office tower received a 5 Star Green Star Design rating, a 6 Star Green Star Performance rating and has achieved a 5 Star NABERS Energy rating.

Summary Information

==> picture [480 x 353] intentionally omitted <==

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

GRADE Premium
NABERS RATING 5.0 Star
OWNERSHIP 50% Mirvac, 50% Keppel REIT
NLA 31,881 SQM
CAR SPACES 200
ACQUISITION DATE Sep-15
LAST EXTERNAL VALUATION DATE 31-Dec-22
VALUATION AT 30 JUNE 2023 $255.6m [1]
VALUER Directors Valuation
CAPITALISATION RATE 5.38%
DISCOUNT RATE 6.63%
GROSS OFFICE RENT $845/SQM
Major Tenants NLA SQM Lease Expiry
Minister for Works 30,588 Nov-40
Lease Expiry Profile % Income
VACANCY 0.0%
FY24 0.3%
FY25 0.0%
FY26 0.3%
FY27 0.0%
FY28 0.4%
FY29+ 99.0%
WALE 17.7 YEARS
----- End of picture text -----

Book value represents Mirvac's ownership.

Mirvac FY23 Property Compendium

Investment Property Held for Sale Office

60 MARGARET STREET

SYDNEY, NSW

==> picture [193 x 144] intentionally omitted <==

This A-grade building is situated in the heart of the Sydney CBD and comprises 36 levels of office accommodation and three levels of retail, with direct access to the Wynyard railway station and bus terminal. Developed in 1980, the complex has been progressively refurbished. The building has achieved a 4.5 Star NABERS Energy rating.

Summary Information

==> picture [480 x 353] intentionally omitted <==

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

GRADE A
NABERS RATING 4.5 Star
OWNERSHIP 50% Mirvac, 50% Blackstone
NLA 40,772 SQM
CAR SPACES 143
ACQUISITION DATE Aug-98
LAST EXTERNAL VALUATION DATE 30-Jun-21
VALUATION AT 30 JUNE 2023 $347.2m [1]
VALUER Held for Sale
CAPITALISATION RATE n/a
DISCOUNT RATE n/a
GROSS OFFICE RENT $1,245/SQM
Major Tenants NLA SQM Lease Expiry
ING Bank 9,712 May-27
Cliftons 4,171 Dec-28
Lease Expiry Profile % Income
VACANCY 2.4%
FY24 15.7%
FY25 5.9%
FY26 5.1%
FY27 31.0%
FY28 11.6%
FY29+ 28.3%
WALE 3.7 YEARS
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Book value represents Mirvac's ownership.

Mirvac FY23 Property Compendium

Investment Property Held for Sale Office

367 COLLINS STREET

MELBOURNE, VIC

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Refurbished in 2018, 367 Collins Street is ideally located in the centre of the Melbourne CBD, close to public transport, retail, the theatre and arts district and is a short tram ride to the MCG and Etihad Stadium. Lobby and retail upgrades have added to its surrounding aspect, the tower offers spectacular views of the Yarra River and is five minutes walk to Flinders Street Station. The building has achieved a 4.5 Star NABERS energy rating.

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Summary Information
GRADE A
NABERS RATING 4.5 Star
OWNERSHIP 100%
NLA 37,878 SQM
CAR SPACES 196
ACQUISITION DATE Nov-13
LAST EXTERNAL VALUATION DATE 31-Dec-20
VALUATION AT 30 JUNE 2023 $371.0m
VALUER Held for Sale
CAPITALISATION RATE n/a
DISCOUNT RATE n/a
GROSS OFFICE RENT $843/SQM
Major Tenants NLA SQM Lease Expiry
Optus 8,922 Jul-23
Sportsbet 8,817 Jun-29
Lease Expiry Profile % Income
VACANCY 4.2%
FY24 35.5%
FY25 12.1%
FY26 11.4%
FY27 0.5%
FY28 13.3%
FY29+ 23.0%
WALE 2.5 YEARS
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FY23 PROPERTY COMPENDIUM Investment Office Industrial Retail Build to Rent Funds

Development Commercial & Mixed Use Residential Important Notice Contact Us 37

Industrial

Comprising 13% of Mirvac’s investment property portfolio, the industrial portfolio is 100% occupied with a weighted average lease expiry of 6.6 years.

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Calibre, Sydney

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Mirvac FY23 Property Compendium

Industrial

Geographic Diversification[1]

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Sydney 100%
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% OF INDUSTRIAL
PORTFOLIO VALUATION AT CAP
PROPERTY LOCATION NLA VALUE [2] 30 JUNE 2023 [3] RATE
1 CALIBRE ESTATE (BUILDINGS 1-5), 60 WALLGROVE ROAD EASTERN CREEK, NSW 110,276 SQM 15.2% $202.0m 4.47%
2 HOXTON DISTRIBUTION PARK HOXTON PARK, NSW 139,607 SQM 18.2% $240.5m 4.42%
3 8 BRABHAM DRIVE HUNTINGWOOD, NSW 6,249 SQM 2.8% $36.7m 4.50%
4 36 GOW STREET PADSTOW, NSW 20,389 SQM 4.4% $58.9m 5.00%
5 NEXUS INDUSTRY PARK (BUILDINGS 1-5), LYN PARADE PRESTONS, NSW 75,791 SQM 19.6% $259.3m 4.50%
6 274 VICTORIA ROAD RYDALMERE, NSW 22,734 SQM 5.5% $72.6m 4.25%
7 34-38 ANZAC AVENUE SMEATON GRANGE, NSW 22,062 SQM 4.6% $61.1m 4.75%
8 1-47 PERCIVAL ROAD SMITHFIELD, NSW 24,146 SQM 5.5% $73.0m 5.00%
9 39 BRITTON STREET SMITHFIELD, NSW 13,390 SQM 3.2% $42.2m 4.50%
10 39 HERBERT STREET ST LEONARDS, NSW 36,296 SQM 21.0% $278.2m 4.94%
INDUSTRIAL INVESTMENT PROPERTIES TOTAL 470,939 SQM $1,324.5m
MIRVAC INDUSTRIAL VENTURE CO-INVESTMENT $185.0m
INDUSTRIAL TOTAL INVESTMENT 470,939 SQM $1,509.5m 4.62%
WEIGHTED AVERAGE LEASE EXPIRY (BY INCOME) 6.6 YEARS
OCCUPANCY % (BY AREA) 100.0%
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By valuation excluding assets held in funds.
Excludes IPUC. Subject to rounding.
Valuations represent Mirvac’s ownership. Subject to rounding.

Mirvac FY23 Property Compendium

Investment Property Industrial

CALIBRE ESTATE (BUILDINGS 1-5), 60 WALLGROVE ROAD

EASTERN CREEK, NSW

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Calibre Industrial Estate is located in Eastern Creek, NSW, approximately 40 kilometres west of the Sydney CBD and Sydney Airport. The site is positioned on the northwestern corner of the M4 and M7 motorway intersection with an exclusive signalised intersection on Wallgrove Road providing excellent access to the site. The estate comprises of five modern freestanding warehouse buildings that are fully leased.

Summary Information

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OWNERSHIP 50% Mirvac, 50% MILP
NLA 110,276 SQM
CAR SPACES 559
ACQUISITION DATE Dec-16
LAST EXTERNAL VALUATION DATE 30-Jun-22
VALUATION AT 30 JUNE 2023 $202.0m [1]
VALUER Directors Valuation
CAPITALISATION RATE 4.47%
DISCOUNT RATE 5.90%
Major Tenants NLA SQM Lease Expiry
Sheldon & Hammond 31,221 Jun-28
ACFS Logistics 21,718 Jan-34
Lease Expiry Profile % Income
VACANCY 0.0%
FY24 0.0%
FY25 0.0%
FY26 14.7%
FY27 0.0%
FY28 64.4%
FY29+ 20.9%
WALE 5.7 YEARS
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Book value represents Mirvac's ownership.

Mirvac FY23 Property Compendium

Investment Property Industrial

HOXTON DISTRIBUTION PARK

HOXTON PARK, NSW

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Hoxton Distribution Park is one of Australia's largest industrial facilities, located approximately 35 kilometres south-west of Sydney with excellent access to Port Botany in Sydney's south. It comprises two state-of-the-art facilities that benefit from close proximity to the M7 Westlink Motorway, a major interchange, facilitating north and south bound access to Sydney's orbital network. Both facilities are 100% leased to Woolworths Limited.

Summary Information

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OWNERSHIP 50% Mirvac, 50% JP Morgan
NLA 139,607 SQM
CAR SPACES 787
ACQUISITION DATE Jul-10
LAST EXTERNAL VALUATION DATE 30-Jun-23
VALUATION AT 30 JUNE 2023 $240.5m [1]
VALUER CBRE
CAPITALISATION RATE 4.42%
DISCOUNT RATE 6.50%
Major Tenants NLA SQM Lease Expiry
Woolworths 88,914 Feb-37
Woolworths 50,693 Jan-32
Lease Expiry Profile % Income
VACANCY 0.0%
FY24 0.0%
FY25 0.0%
FY26 0.0%
FY27 0.0%
FY28 0.0%
FY29+ 100.0%
WALE 11.8 YEARS
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Book value represents Mirvac's ownership.

Mirvac FY23 Property Compendium

Investment Property Industrial

8 BRABHAM DRIVE

HUNTINGWOOD, NSW

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8 Brabham Drive is an A-grade industrial logistics facility designed as a cross-dock incorporating a high clearance, column-free warehouse. Leased to a specialist logistics operator BagTrans, it also features over one hectare of heavy duty, concrete hard stand areas, as well as a truck washing facility.

Summary Information

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OWNERSHIP 100%
NLA 6,249 SQM
CAR SPACES 81
ACQUISITION DATE Jan-15
LAST EXTERNAL VALUATION DATE 30-Jun-23
VALUATION AT 30 JUNE 2023 $36.7m
VALUER Colliers
CAPITALISATION RATE 4.50%
DISCOUNT RATE 6.00%
Major Tenants NLA SQM Lease Expiry
BagTrans 6,249 Apr-24
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Lease Expiry Profile % Income

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VACANCY 0.0%
FY24 100.0%
FY25 0.0%
FY26 0.0%
FY27 0.0%
FY28 0.0%
FY29+ 0.0%
WALE 0.8 YEARS
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Mirvac FY23 Property Compendium

Investment Property Industrial

36 GOW STREET

PADSTOW, NSW

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36 Gow Street is a modern high clearance warehouse with high quality offices and is located near the M5 Motorway, providing quick and easy access to Port Botany and the Sydney CBD.

Summary Information

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OWNERSHIP 100%
NLA 20,389 SQM
CAR SPACES 161
ACQUISITION DATE Feb-17
LAST EXTERNAL VALUATION DATE 30-Jun-22
VALUATION AT 30 JUNE 2023 $58.9m
VALUER Directors Valuation
CAPITALISATION RATE 5.00%
DISCOUNT RATE 6.38%
Major Tenants NLA SQM Lease Expiry
WSI Logistics 20,389 Aug-30
Lease Expiry Profile % Income
VACANCY 0.0%
FY24 0.0%
FY25 0.0%
FY26 0.0%
FY27 0.0%
FY28 0.0%
FY29+ 100.0%
WALE 7.2 YEARS
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Mirvac FY23 Property Compendium

Investment Property Industrial

NEXUS INDUSTRY PARK (BUILDINGS 1-5), LYN PARADE

PRESTONS, NSW

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Nexus Industry Park comprises a multi-building industrial estate consisting of five modern A grade, freestanding buildings with generous hardstands. It is located on the western alignment of Lyn Parade within the established industrial precinct of Prestons, within close proximity of the M5/M7 interchange, and approximately 40 kilometres south-west of the Sydney CBD.

Summary Information

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OWNERSHIP 100%
NLA 75,791 SQM
CAR SPACES 604
ACQUISITION DATE Aug-04
LAST EXTERNAL VALUATION DATE 31-Dec-22
VALUATION AT 30 JUNE 2023 $259.3m
VALUER Directors Valuation
CAPITALISATION RATE 4.50%
DISCOUNT RATE 5.99%
Major Tenants NLA SQM Lease Expiry
Legrand Australia 23,356 Oct-28
De'Longhi 17,267 Feb-31
Lease Expiry Profile % Income
VACANCY 0.0%
FY24 0.0%
FY25 0.0%
FY26 0.0%
FY27 16.7%
FY28 0.0%
FY29+ 83.3%
WALE 6.0 YEARS
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Mirvac FY23 Property Compendium

Investment Property Industrial

274 VICTORIA ROAD

RYDALMERE, NSW

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274 Victoria Road is an industrial facility located two kilometres north-east of the Parramatta CBD, in close proximity to several major roads, including James Ruse Drive, the M4 Motorway, the Cumberland Highway and Parramatta Road.

Summary Information

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OWNERSHIP 100%
NLA 22,734 SQM
CAR SPACES 301
ACQUISITION DATE Jul-16
LAST EXTERNAL VALUATION DATE 31-Dec-22
VALUATION AT 30 JUNE 2023 $72.6m
VALUER Directors Valuation
CAPITALISATION RATE 4.25%
DISCOUNT RATE 5.88%
Major Tenants NLA SQM Lease Expiry
Thales Australia 22,734 Nov-32
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Lease Expiry Profile % Income

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VACANCY 0.0%
FY24 0.0%
FY25 0.0%
FY26 0.0%
FY27 0.0%
FY28 0.0%
FY29+ 100.0%
WALE 9.4 YEARS
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Mirvac FY23 Property Compendium

Investment Property Industrial

34-38 ANZAC AVENUE

SMEATON GRANGE, NSW

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Located at Smeaton Grange in Sydney's south-western growth corridor, this facility was constructed in 2008 into a multi-unit industrial estate and subdivided into six high-clearance units, combined with high quality office space. The estate is easily accessible from the Hume Motorway and close to the M5/M7 junction.

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Summary Information
OWNERSHIP 100%
NLA 22,062 SQM
CAR SPACES 183
ACQUISITION DATE Jan-15
LAST EXTERNAL VALUATION DATE 30-Jun-22
VALUATION AT 30 JUNE 2023 $61.1m
VALUER Directors Valuation
CAPITALISATION RATE 4.75%
DISCOUNT RATE 6.25%
Major Tenants NLA SQM Lease Expiry
Hurford Wholesale Pty Ltd 7,356 Apr-25
Precision Paper Coatings 3,697 Sep-31
Lease Expiry Profile % Income
VACANCY 0.0%
FY24 16.7%
FY25 33.0%
FY26 0.0%
FY27 17.5%
FY28 0.0%
FY29+ 32.8%
WALE 4.1 YEARS
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Mirvac FY23 Property Compendium

Investment Property Industrial

1-47 PERCIVAL ROAD

SMITHFIELD, NSW

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1-47 Percival Street is an industrial estate comprising multiple warehouses leased to three key tenants which fronts the Cumberland Highway at Smithfield with direct access to the M4 Motorway.

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Summary Information
OWNERSHIP 100%
NLA 24,146 SQM
CAR SPACES 275
ACQUISITION DATE Nov-02
LAST EXTERNAL VALUATION DATE 30-Jun-23
VALUATION AT 30 JUNE 2023 $73.0m
VALUER JLL
CAPITALISATION RATE 5.00%
DISCOUNT RATE 6.50%
Major Tenants NLA SQM Lease Expiry
Vulcan Steel Pty Ltd 13,716 Jun-37
Clark Equipment 5,437 Feb-24
Lease Expiry Profile % Income
VACANCY 0.0%
FY24 21.8%
FY25 26.3%
FY26 0.0%
FY27 0.0%
FY28 0.0%
FY29+ 51.9%
WALE 7.7 YEARS
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Mirvac FY23 Property Compendium

Investment Property Industrial

39 BRITTON STREET

SMITHFIELD, NSW

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Developed in 1998, 39 Britton Street is a high clearance standalone warehouse with six loading docks and six on-grade roller doors plus an adjoining two-storey office and amenities block. The property is well positioned to major infrastructure, being approximately one kilometre from the Cumberland Highway and five kilometres to the M4 Motorway providing easy access to Port Botany and the Sydney CBD.

Summary Information

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OWNERSHIP 100%
NLA 13,390 SQM
CAR SPACES 35
ACQUISITION DATE Jan-15
LAST EXTERNAL VALUATION DATE 30-Jun-22
VALUATION AT 30 JUNE 2023 $42.2m
VALUER Directors Valuation
CAPITALISATION RATE 4.50%
DISCOUNT RATE 6.00%
Major Tenants NLA SQM Lease Expiry
Tyres 4u 13,390 Sep-28
Lease Expiry Profile % Income
VACANCY 0.0%
FY24 0.0%
FY25 0.0%
FY26 0.0%
FY27 0.0%
FY28 0.0%
FY29+ 100.0%
WALE 5.2 YEARS
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Mirvac FY23 Property Compendium

Investment Property Industrial

39 HERBERT STREET

ST LEONARDS, NSW

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39 Herbert Street is a high quality 3.7 hectare business park on Sydney's lower North Shore, located three kilometres from North Sydney CBD, six kilometres from the Sydney CBD in close proximity to St Leonards train station. It comprises two commercial buildings, 21 industrial/warehouse/office units as well as a childcare centre and a multi-storey carpark.

Summary Information

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OWNERSHIP 100%
NLA 36,296 SQM
CAR SPACES 625
ACQUISITION DATE Jan-15
LAST EXTERNAL VALUATION DATE 31-Dec-21
VALUATION AT 30 JUNE 2023 $278.2m
VALUER Directors Valuation
CAPITALISATION RATE 4.94%
DISCOUNT RATE 6.24%
Major Tenants NLA SQM Lease Expiry
Interactive 12,897 Nov-30
Arrow ECS 2,785 Jun-24
Lease Expiry Profile % Income
VACANCY 0.0%
FY24 18.4%
FY25 4.0%
FY26 12.2%
FY27 13.4%
FY28 3.0%
FY29+ 49.0%
WALE 4.6 YEARS
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Investment Office Industrial Retail Build to Rent Funds Development Commercial & Mixed Use Residential Important Notice Contact Us 49

FY23 PROPERTY COMPENDIUM

Retail

Comprising 20% of Mirvac’s investment property portfolio, the retail portfolio is 97.5% occupied with 62% of the portfolio located in metropolitan Sydney.

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Birkenhead Point Brand Outlet, Sydney
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Mirvac FY23 Property Compendium

Retail

Grade Diversification[1]

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Regional 44%
Sub regional 25%
Outlet 16%
Neighbourhood 7%
CBD Retail 4%
Other 4%
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Geographic Diversification[2]

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NSW 62%
QLD 31%
VIC 4%
ACT 3%
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% OF RETAIL VALUATION
PORTFOLIO CENTRE AT 30 JUNE CAP
PROPERTY LOCATION GLA [3] VALUE [4] MAT [5] 2023 [6] RATE [7]
1 BIRKENHEAD POINT BRAND OUTLET DRUMMOYNE, NSW 33,194 SQM 17.1% $330.7m $393.7m 5.75%
2 BROADWAY SYDNEY GLEBE, NSW 52,852 SQM 17.5% $698.2m $404.4m 5.00%
3 EAST VILLAGE ZETLAND, NSW 32,951 SQM 13.5% $203.0m $312.0m 5.25%
4 GREENWOOD PLAZA NORTH SYDNEY, NSW 8,937 SQM 3.0% $49.6m $68.5m 6.00%
5 RHODES WATERSIDE RHODES, NSW 34,838 SQM 7.4% $221.7m $170.5m 5.75%
6 SOUTH VILLAGE SHOPPING CENTRE KIRRAWEE, NSW 14,081 SQM 4.1% $165.7m $93.4m 5.75%
7 KAWANA SHOPPINGWORLD BUDDINA, QLD 45,513 SQM 7.8% $354.1m $180.0m 6.00%
8 ORION SPRINGFIELD CENTRAL SPRINGFIELD, QLD 72,503 SQM 20.5% $538.8m $472.5m 5.50%
9 MOONEE PONDS CENTRAL MOONEE PONDS, VIC 19,036 SQM 4.3% $186.5m $99.0m 6.00%
10 COOLEMAN COURT WESTON, ACT 10,402 SQM 3.0% $138.9m $70.0m 5.75%
RETAIL INVESTMENT PROPERTIES TOTAL 324,307 SQM $2,358.8m [8]
11 METCENTRE SYDNEY, NSW 6,411 SQM 1.8% $43.2m $40.9m n/a
RETAIL INVESTMENT PROPERTIES CLASSIFIED AS HELD FOR SALE TOTAL 6,411 SQM $40.9m
RETAIL TOTAL 330,718 SQM $2,399.7m [8] 5.59%
WEIGHTED AVERAGE LEASE EXPIRY (BY INCOME) 3.1 YEARS
OCCUPANCY % (BY AREA) 97.5%
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By valuation, excluding IPUC/properties held for development. As per PCA classification.
By valuation, excluding IPUC/properties held for development.
GLA excludes 80 Bay Street & 1-3 Smail Street, Ultimo (Sydney).
Excludes IPUC/properties held for development. Subject to rounding.
12 months to 30 June 2023, in accordance with SCCA guidelines.
Valuations represent Mirvac’s ownership. Total portfolio value excludes the gross up of lease liabilities under AASB 16. Subject to rounding.
Relates to retail component only, and excludes IPUC.
This total value includes Toombul, Brisbane, which is being held for development and is excluded from all other operational metrics. Subject to rounding.

Mirvac FY23 Property Compendium

Investment Property Retail

BIRKENHEAD POINT BRAND OUTLET

DRUMMOYNE, NSW

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Birkenhead Point Brand Outlet is situated five kilometres from the Sydney CBD on a prime 3.7-hectare waterfront site. The asset incorporates a premium outlet centre complemented by a small convenience-based retail offering anchored by Coles and ALDI. With over 10 mini majors and approximately 120 specialty tenancies, the centre features a range of quality brands including Armani Outlet, Bally, Coach, Michael Kors, Nike, Polo Ralph Lauren and Peter's of Kensington. The centre also incorporates approximately 3,600 square metres of bespoke office and a 5 star Gold Anchor Platinum marina with 200 berths and a fuel wharf.

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Summary Information
CLASSIFICATION OUTLET CENTRE
OWNERSHIP 100%
GLA 33,194 SQM
CAR SPACES 1,346
ACQUISITION DATE Dec-14
LAST EXTERNAL VALUATION DATE 31-Dec-22
VALUATION AT 30 JUNE 2023 $393.7m [1]
VALUER Directors Valuation
CAPITALISATION RATE 5.75% [2]
DISCOUNT RATE 6.75% [2]
CENTRE MAT $330.7m
SPECIALTY OCCUPANCY COSTS 11.0% [3]
SPECIALTY SALES $11,748/sqm [4]
Major Tenants GLA SQM Lease Expiry
Coles 2,692 Nov-26
Spotlight 1,796 Sep-26
ALDI 1,448 Nov-25
Peters of Kensington 1,132 Jan-23
Lease Expiry Profile % Income
VACANCY 1.4%
FY24 49.1%
FY25 12.8%
FY26 7.4%
FY27 14.2%
FY28 12.4%
FY29+ 2.7%
WALE 1.7 YEARS
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Includes Marina operating business (owned by Mirvac Limited) and nearby property 64 Roseby St, Drummoyne.
Relates to retail component only.
Includes contracted COVID-19 tenant support.
In line with SCCA guidelines, adjusted for tenant closures during COVID-19 impacted period.

Mirvac FY23 Property Compendium

Investment Property Retail

BROADWAY SYDNEY

GLEBE, NSW

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Broadway Sydney is located on the fringe of the Sydney CBD and services the densely populated and growing catchment of Sydney's inner city and inner west. The centre is anchored by two discount department stores (Kmart and Target), two supermarkets (Coles and ALDI) and a cinema (Hoyts). The centre also features key retailers including Harris Farm Markets, Apple, JB Hi FI, Harvey Norman, Mecca, LEGO, with approximately 130 specialty stores. The centre ranked “Number 1” in the Shopping Centre News Big Guns annual turnover per square metre awards in 2023.

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Summary Information
CLASSIFICATION REGIONAL
OWNERSHIP 50% Mirvac, 50% Perron
GLA 52,852 SQM
CAR SPACES 1,650
ACQUISITION DATE Jan-07
LAST EXTERNAL VALUATION DATE 30-Jun-22
VALUATION AT 30 JUNE 2023 $404.4m [1]
VALUER Directors Valuation
CAPITALISATION RATE 5.00% [2]
DISCOUNT RATE 6.25% [2]
CENTRE MAT $698.2m
SPECIALTY OCCUPANCY COSTS 15.7% [3]
SPECIALTY SALES $15,037/sqm [4]
Major Tenants GLA SQM Lease Expiry
Kmart 7,394 Mar-33
Hoyts 4,857 Jul-28
Target 4,721 Apr-27
Coles 4,122 Jul-34
H&M 2,475 Aug-31
Lease Expiry Profile % Income
VACANCY 2.0%
FY24 43.7%
FY25 8.7%
FY26 4.7%
FY27 10.9%
FY28 3.3%
FY29+ 26.7%
WALE 2.8 YEARS
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Book value represents Mirvac's ownership. Also includes adjoining properties 52-60 Francis St, Glebe; 80 Bay Street, Ultimo and 1-3 Smail Street, Ultimo.
Relates to retail component only.
Includes contracted COVID-19 tenant support.
In line with SCCA guidelines, adjusted for tenant closures during COVID-19 impacted period.

Mirvac FY23 Property Compendium

Investment Property Retail

EAST VILLAGE

ZETLAND, NSW

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East Village is an award-winning mixed-use retail centre, located three kilometres south of the Sydney CBD and services the rapidly densifying urban area of Zetland. The centre is anchored by Coles, Virgin Active Health Club and approximately 50 specialty stores. The centre ranked “Number 1” in Australia seven years in a row (2016-2022), in Shopping Centre News Little Guns for annual turnover per square metre, and is set to benefit from strong forecast population growth in its catchment.

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Summary Information
CLASSIFICATION SUB REGIONAL
OWNERSHIP 100%
GLA 32,951 SQM
CAR SPACES 677
ACQUISITION DATE Jul 16 (49.9%) Aug 17 (50.1%)
LAST EXTERNAL VALUATION DATE 30-Jun-23
VALUATION AT 30 JUNE 2023 $312.0m
VALUER Savills
CAPITALISATION RATE 5.25%
DISCOUNT RATE 6.50%
CENTRE MAT $203.0m
SPECIALTY OCCUPANCY COSTS 13.3% [1]
SPECIALTY SALES $11,404/sqm [2]
Major Tenants GLA SQM Lease Expiry
Audi Australia Retail 13,172 Oct-34
Virgin Active 4,321 Nov-35
Coles 4,015 Oct-34
East Phoenix 1,280 Dec-27
Victoria Park Montessori Academy 1,173 Dec-26
Lease Expiry Profile % Income
VACANCY 0.9%
FY24 16.8%
FY25 12.3%
FY26 7.0%
FY27 12.6%
FY28 14.2%
FY29+ 36.2%
WALE 4.9 YEARS
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Includes contracted COVID-19 tenant support.
In line with SCCA guidelines, adjusted for tenant closures during COVID-19 impacted period.

Mirvac FY23 Property Compendium

Investment Property Retail

GREENWOOD PLAZA

NORTH SYDNEY, NSW

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Greenwood Plaza is a three-level centre at the base of Mirvac's iconic 101-103 Miller Street office tower, providing a major pedestrian thoroughfare to the busy North Sydney train station and excellent exposure to Pacific Hwy and Miller Street. The asset services North Sydney CBD and has over 90 specialty retail and service outlets, including Romeo's IGA supermarket and the historic Greenwood Hotel.

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Summary Information
CLASSIFICATION CBD RETAIL
OWNERSHIP 50% Mirvac, 50% CapitaLand Integrated Commercial Trust
GLA 8,937 SQM
CAR SPACES 312
ACQUISITION DATE Jun-94
LAST EXTERNAL VALUATION DATE 30-Jun-22
VALUATION AT 30 JUNE 2023 $68.5m [1]
VALUER Directors Valuation
CAPITALISATION RATE 6.00%
DISCOUNT RATE 6.75%
CENTRE MAT $49.6m
SPECIALTY OCCUPANCY COSTS 21.4% [2]
SPECIALTY SALES $6,763/sqm [3]
Major Tenants GLA SQM Lease Expiry
IGA Romeo's 864 Feb-31
Greenwood Hotel 856 Apr-26
Lease Expiry Profile % Income
VACANCY 10.0%
FY24 45.4%
FY25 18.6%
FY26 11.7%
FY27 3.7%
FY28 2.2%
FY29+ 8.4%
WALE 1.5 YEARS
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Book value represents Mirvac's ownership and includes the 101-103 Miller St car park.
Includes contracted COVID-19 tenant support.
In line with SCCA guidelines, adjusted for tenant closures during COVID-19 impacted period.

Mirvac FY23 Property Compendium

Investment Property Retail

RHODES WATERSIDE

RHODES, NSW

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Rhodes Waterside is co-located with IKEA in the significant Rhodes residential and office precinct. Major retailers include Coles, ALDI, Kmart, Bing Lee and Reading Cinemas in addition to approximately 120 specialty stores and office suites. The centre features a strong dining offering and has seen significant growth through catchment population expansion, remixing and customer-focussed initiatives.

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Summary Information
CLASSIFICATION REGIONAL
OWNERSHIP 50% Mirvac, 50% Perron
GLA 34,838 SQM
CAR SPACES 2,414
ACQUISITION DATE Jan-07
LAST EXTERNAL VALUATION DATE 31-Dec-22
VALUATION AT 30 JUNE 2023 $170.5m [1]
VALUER Directors Valuation
CAPITALISATION RATE 5.75%
DISCOUNT RATE 6.50%
CENTRE MAT $221.7m
SPECIALTY OCCUPANCY COSTS 16.8% [2]
SPECIALTY SALES $9,654/sqm [3]
Major Tenants GLA SQM Lease Expiry
Reading Cinemas 4,122 Mar-30
Kmart 3,795 Nov-24
Coles 3,497 Jun-30
ALDI 1,597 Jul-33
Bing Lee 1,022 Feb-25
Lease Expiry Profile % Income
VACANCY 2.1%
FY24 29.2%
FY25 18.8%
FY26 12.7%
FY27 8.1%
FY28 7.1%
FY29+ 22.0%
WALE 2.8 YEARS
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Book value represents Mirvac's ownership.
Includes contracted COVID-19 tenant support.
In line with SCCA guidelines, adjusted for tenant closures during COVID-19 impacted period.

Mirvac FY23 Property Compendium

Investment Property Retail

SOUTH VILLAGE SHOPPING CENTRE

KIRRAWEE, NSW

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South Village Shopping Centre is a neighbourhood centre which is part of a broader mixed-use precinct incorporating approximately 750 residential apartments and a significant public park. Located in Kirrawee, 25 kilometres south of Sydney, the centre is serviced by nearby public transport and the Princes Highway. The centre is anchored by Coles and ALDI, and over 30 specialty stores, with key uses including dining, fresh food and services.

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Summary Information
CLASSIFICATION NEIGHBOURHOOD
OWNERSHIP 100%
GLA 14,081 SQM
CAR SPACES 541
ACQUISITION DATE Oct 16 (50%) Jun 17 (50%)
LAST EXTERNAL VALUATION DATE 31-Dec-22
VALUATION AT 30 JUNE 2023 $93.4m
VALUER Directors Valuation
CAPITALISATION RATE 5.75%
DISCOUNT RATE 6.75%
CENTRE MAT $165.7m
SPECIALTY OCCUPANCY COSTS 13.1% [1]
SPECIALTY SALES $9,222/sqm [2]
Major Tenants GLA SQM Lease Expiry
Coles 4,501 Nov-38
ALDI 1,518 Nov-28
Panetta Mercato 982 Dec-30
Lease Expiry Profile % Income
VACANCY 0.0%
FY24 8.8%
FY25 1.9%
FY26 5.5%
FY27 13.6%
FY28 12.0%
FY29+ 58.2%
WALE 7.6 YEARS
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Includes contracted COVID-19 tenant support.
In line with SCCA guidelines, adjusted for tenant closures during COVID-19 impacted period.

Mirvac FY23 Property Compendium

Investment Property Retail

KAWANA SHOPPINGWORLD

BUDDINA, QLD

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Kawana Shoppingworld is a convenience and lifestyle centre located one hour north of Brisbane in the growing lifestyle region of the Sunshine Coast. The centre incorporates Woolworths, Coles, ALDI, Big W, Event Gold Class Cinemas, 6 minimajors and approximately 150 specialty stores.

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Summary Information
CLASSIFICATION SUB REGIONAL
OWNERSHIP 50% Mirvac, 50% ISPT
GLA 45,513 SQM
CAR SPACES 1,990
ACQUISITION DATE Dec 93 (50%) Jun 98 (50%) Dec 17 (-50%)
LAST EXTERNAL VALUATION DATE 30-Jun-22
VALUATION AT 30 JUNE 2023 $180.0m [1]
VALUER Directors Valuation
CAPITALISATION RATE 6.00%
DISCOUNT RATE 7.00%
CENTRE MAT $354.1m
SPECIALTY OCCUPANCY COSTS 14.5% [2]
SPECIALTY SALES $9,251/sqm [3]
Major Tenants GLA SQM Lease Expiry
Big W 8,383 Jun-31
Event Cinemas 5,865 Jul-34
Woolworths 3,710 Nov-29
Coles 3,351 Oct-27
ALDI 1,753 Jul-24
Lease Expiry Profile % Income
VACANCY 3.8%
FY24 34.2%
FY25 17.3%
FY26 6.7%
FY27 8.8%
FY28 8.6%
FY29+ 20.6%
WALE 2.9 YEARS
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Book value represents Mirvac's ownership.
Includes contracted COVID-19 tenant support.
In line with SCCA guidelines, adjusted for tenant closures during COVID-19 impacted period.

Mirvac FY23 Property Compendium

Investment Property Retail

ORION SPRINGFIELD CENTRAL

SPRINGFIELD, QLD

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Orion Springfield Central was developed by Mirvac and is located in the rapidly growing city of Springfield. The centre is anchored by Woolworths, Coles, ALDI, Target, Big W, Timezone and Event Cinemas with over 150 specialty stores and 11 pad sites. Connected directly to Springfield Central Town Station and Orion Lagoon, this well connected centre also has significant land holdings for future expansion.

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Summary Information
CLASSIFICATION REGIONAL
OWNERSHIP 100%
GLA 72,503 SQM
CAR SPACES 3,166
ACQUISITION DATE Aug-02
LAST EXTERNAL VALUATION DATE 30-Jun-23
VALUATION AT 30 JUNE 2023 $472.5m [1]
VALUER Knight Frank
CAPITALISATION RATE 5.50%
DISCOUNT RATE 7.00%
CENTRE MAT $538.8m
SPECIALTY OCCUPANCY COSTS 10.1% [2]
SPECIALTY SALES $11,915/sqm [3]
Major Tenants GLA SQM Lease Expiry
Big W 7,988 Mar-27
Target 6,021 Nov-30
Events Cinemas 5,801 Jun-31
Coles 5,618 Oct-30
Woolworths 4,471 Mar-27
Lease Expiry Profile % Income
VACANCY 1.7%
FY24 31.4%
FY25 10.7%
FY26 11.3%
FY27 13.2%
FY28 8.2%
FY29+ 23.5%
WALE 3.1 YEARS
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Includes sundry vacant land.
Includes contracted COVID-19 tenant support.
In line with SCCA guidelines, adjusted for tenant closures during COVID-19 impacted period.

Mirvac FY23 Property Compendium

Investment Property Retail

MOONEE PONDS CENTRAL

MOONEE PONDS, VIC

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Moonee Ponds Central is located seven kilometres north of the Melbourne CBD and conveniently connected to the bustling Puckle Street retail strip. Moonee Ponds is experiencing strong population growth and densification including immediate neighbouring residents of nearly 1,500 apartments. At the heart of that is Moonee Ponds Central, comprising Kmart, Coles, ALDI, and over 60 specialty stores.

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Summary Information
CLASSIFICATION SUB REGIONAL
OWNERSHIP 100%
GLA 19,036 SQM
CAR SPACES 854
ACQUISITION DATE May 03 & Feb 08
LAST EXTERNAL VALUATION DATE 30-Jun-22
VALUATION AT 30 JUNE 2023 $99.0m
VALUER Directors Valuation
CAPITALISATION RATE 6.00%
DISCOUNT RATE 6.75%
CENTRE MAT $186.5m
SPECIALTY OCCUPANCY COSTS 12.0% [1]
SPECIALTY SALES $9,852/sqm [2]
Major Tenants GLA SQM Lease Expiry
Kmart 4,728 Mar-24
Coles 4,000 May-32
ALDI 1,221 Sep-23
Lease Expiry Profile % Income
VACANCY 4.1%
FY24 29.9%
FY25 16.2%
FY26 6.6%
FY27 13.1%
FY28 8.1%
FY29+ 22.0%
WALE 3.1 YEARS
----- End of picture text -----

Includes contracted COVID-19 tenant support.
In line with SCCA guidelines, adjusted for tenant closures during COVID-19 impacted period.

Mirvac FY23 Property Compendium

Investment Property Retail

COOLEMAN COURT

WESTON, ACT

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Cooleman Court is a convenience-based neighbourhood centre located in the Canberra suburb of Weston Creek, approximately 9 kilometres south-west of the Canberra CBD. The centre has two supermarkets, Woolworths and ALDI, and approximately 40 specialty stores. The new residential area of Molonglo Valley is currently being developed a few kilometres from Cooleman Court and is expected to positively impact the centre.

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Summary Information
CLASSIFICATION NEIGHBOURHOOD
OWNERSHIP 100%
GLA 10,402 SQM
CAR SPACES 512
ACQUISITION DATE Dec-09
LAST EXTERNAL VALUATION DATE 30-Jun-23
VALUATION AT 30 JUNE 2023 $70.0m
VALUER Colliers International
CAPITALISATION RATE 5.75%
DISCOUNT RATE 6.25%
CENTRE MAT $138.9m
SPECIALTY OCCUPANCY COSTS 12.7% [1]
SPECIALTY SALES $9,236/sqm [2]
Major Tenants GLA SQM Lease Expiry
Woolworths 2,867 Aug-31
ALDI 1,548 Jun-31
Lease Expiry Profile % Income
VACANCY 2.7%
FY24 20.3%
FY25 14.6%
FY26 1.9%
FY27 8.4%
FY28 10.0%
FY29+ 42.1%
WALE 4.5 YEARS
----- End of picture text -----

Includes contracted COVID-19 tenant support.
In line with SCCA guidelines, adjusted for tenant closures during COVID-19 impacted period.

Mirvac FY23 Property Compendium

Investment Property Held for Sale Retail

METCENTRE

SYDNEY, NSW

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MetCentre is located at the base of 60 Margaret Street in Sydney and adjoins Wynyard train station, providing a major pedestrian thoroughfare for many CBD workers and visitors. The Centre has excellent exposure to George Street, as well as entrances on Margaret and Jamison Streets and benefits from the light rail on George Street. The centre is anchored by a Woolworths supermarket and has approximately 75 specialty stores, including a significant food offering.

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Summary Information
CLASSIFICATION CBD RETAIL
OWNERSHIP 50% Mirvac, 50% Blackstone
GLA 6,411 SQM
CAR SPACES -
ACQUISITION DATE Aug-98
LAST EXTERNAL VALUATION DATE 30-Jun-21
VALUATION AT 30 JUNE 2023 $40.9m [1]
VALUER Held for Sale
CAPITALISATION RATE n/a
DISCOUNT RATE n/a
CENTRE MAT $43.2m
SPECIALTY OCCUPANCY COSTS 21.4% [2]
SPECIALTY SALES $9,549/sqm [3]
Major Tenants GLA SQM Lease Expiry
Woolworths 1,486 Aug-29
Lease Expiry Profile % Income
VACANCY 17.8%
FY24 27.4%
FY25 16.5%
FY26 9.1%
FY27 10.7%
FY28 4.1%
FY29+ 14.4%
WALE 2.0 YEARS
----- End of picture text -----

Book value represents Mirvac's ownership.
Includes contracted COVID-19 tenant support.
In line with SCCA guidelines, adjusted for tenant closures during COVID-19 impacted period.

Investment Office Industrial Retail Build to Rent

Funds Development Commercial & Mixed Use Residential Important Notice Contact Us 62

FY23 PROPERTY COMPENDIUM

Build to Rent

Build to Rent currently represents 2% of Mirvac’s investment property portfolio. In FY23 we established a BTR Venture with aligned long-term capital partners, with Mirvac retaining ~44% ownership. The venture includes 2 operational assets and 3 pipeline projects underway.

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LIV Munro, Melbourne | Photo by James Horan

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Mirvac FY23 Property Compendium

Funds & Ventures

Build to Rent Venture

LIV INDIGO

SYDNEY OLYMPIC PARK, NSW

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LIV Indigo is located in Sydney Olympic Park, conveniently located in the middle ring of Sydney, approximately 16 kilometres from the Sydney CBD and eight kilometres to the Parramatta CBD. The property is located within walking distance of the future planned Metro station.

The property provides a mix of 315 quality one, two and three-bedroom apartments built and designed exclusively for renters. It boasts unparalleled amenity, including a resident amenities floor which houses co-working and meeting spaces, a gaming and cinema room, a demonstration-style chefs' kitchen and bar with entertaining areas for dining, BBQ space, virtual fitness and open plan function space with connected outdoor terraces, a gym and outdoor landscaped spaces for recreation, bicycle parking and shared transport facilities. The building also features several sustainable initiatives such as Electric Vehicle (EV) charging, double glazing, solar panels, recycled water and bike sharing.

Summary Information

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

|||
|---|---|
|OWNERSHIP|44% Mirvac, 56% Unlisted Partners|
|TOTAL APARTMENTS|315|
|ACQUISITION DATE|Jun-19|

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Mirvac FY23 Property Compendium

Funds & Ventures

Build to Rent Venture

LIV MUNRO

MELBOURNE, VIC

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LIV Munro is located within the broader Queen Victoria Market (QVM) precinct which is situated in the Melbourne CBD northwest corridor and is on the doorstep of West Melbourne, North Melbourne and Carlton. The QVM precinct occupies a pivotal location between the City North Urban Renewal Precinct to the north; the education and health precincts to the north and northeast; the central city and the broader ‘Hoddle Grid’ to the southeast.

LIV Munro, designed by Bates Smart comprises of 490 Build to Rent apartments across Levels 5-39, 136 car spaces, a wellness centre (including a gym, pool, spa, steam room, sauna, ballet and yoga studios and outdoor deck), co-working facilities, cinema and gaming rooms and numerous entertaining and dining areas. The building has achieved an 8.1 Star NatHERS and 5 Star Green Star rating for the “Design" component. The building is targeting minimum 5 Star Green Star as-built rating.

Summary Information

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|||
|---|---|
|OWNERSHIP|44% Mirvac, 56% Unlisted Partners|
|TOTAL APARTMENTS|490|
|ACQUISITION DATE|Apr-21|

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Mirvac FY23 Property Compendium

Funds & Ventures - Under construction

Build to Rent Venture

LIV ALBERT FIELDS

BRUNSWICK, VIC

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LIV Albert Fields is located in the cultural and artistic suburb, Brunswick, approximately 6 kilometres north of the Melbourne CBD. The site benefits from its substantial natural amenity being surrounded by 20 hectares of parkland, whilst still having close proximity to Brunswick train station (650m) and established retail, food and beverage offerings on Sydney Road. LIV Albert Fields will be among the first of its kind: a neighbourhood designed and built entirely for renters, that puts people at the centre of the design process.

The property will comprise of 498 apartments including approximately 15 affordable housing units, 800 square metres retail and 2,350 square metres of resident amenity comprising resident’s lounge, dining, kitchen, wellness centre, co-working, BTR lobby, communal laundry, pet salon, workshop and vegetable garden. LIV Albert Fields will also have 254 car parking bays, 564 bike parks, 225 storage cages.

Intended to be truly 'green', it will mark a turning point in urban sustainability in Australia, providing residents with the infrastructure to live well now and into the future. LIV Albert Fields will be 100% fossil fuel free, and is targeting certified 5 Star Green Star Buildings and 7.5 NatHERS rating.

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|||
|---|---|
|Summary Information|
|ACQUISITION DATE|Various from September 2020|
|TOTAL EXPECTED APARTMENTS|498|
|OWNERSHIP|44% Mirvac, 56% Unlisted Partners|

----- End of picture text -----

Mirvac FY23 Property Compendium

Funds & Ventures - Under construction Build to Rent Venture

LIV ASTON

MELBOURNE, VIC

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LIV Aston is Mirvac’s second Build to Rent project in Melbourne and is located at 7 Siddeley Street Docklands, southwest of the Hoddle Street Grid. Bound by Flinders Street to the north, Spencer Street to the east, Crowne Plaza and Mirvac’s 7-23 Spencer Street commercial tower to the south and the World Trade Centre to the south west, this key central city site is a unique asset of significant scale which provides an opportunity for Mirvac to deliver an exemplar land use and development outcome at the entrance to Melbourne’s CBD.

The property will comprise of 474 apartments, including approximately 20 affordable housing units, 2,690 square metres of flexible office space, 670 square metres retail GLAR and 2,600 square metres of curated resident amenity including a communal lounge and kitchen, outdoor dining and BBQ facilities, multipurpose and media rooms, workers club, pool, spa, sauna, steam room, yoga deck, rooftop lounge and private dining, library and pet park and washroom. LIV Aston will also have 77 car parking bays, 485 bike parks and 266 storage cages.

With sustainability front of mind, LIV Aston is targeting 5 star Green Star Design and As Built rating, 7.5 NatHERS rating for the BTR component and a 5 star NABERS rating for the commercial.

Summary Information

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

|||
|---|---|
|OWNERSHIP|44% Mirvac, 56% Unlisted Partners|
|TOTAL EXPECTED APARTMENTS|474|
|ACQUISITION DATE|Aug-21|

----- End of picture text -----

Mirvac FY23 Property Compendium

Funds & Ventures - Under construction

Build to Rent Venture

LIV ANURA

NEWSTEAD, QLD

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LIV Anura is Mirvac’s first BTR asset in QLD and is being delivered in partnership with the QLD State government through their first BTR Pilot Project process. LIV Anura is located 3 kilometres north of the Brisbane CBD in the inner-city suburb of Newstead, within the Mirvac Waterfront Masterplan development. It is well-known as an established residential location in Brisbane’s inner north with pockets of light commercial, retail, and open space providing a mix of amenity for Newstead residents. The Brisbane River borders the suburb directly to the east and the Gasworks Precinct to the west.

LIV Anura includes plans to deliver 396 high quality rental apartments including approximately 99 Affordable Housing units as part of the QLD BTR Pilot Project. The property will encompass over 3,000 square metres of indoor and outdoor amenity for residents including a dedicated amenity floor with a variety of offerings including gym, pool, spa, media room and co-working facilities. LIV Anura also includes 1,300 square metres of boutique retail space on the ground floor. Sustainability is a key focus, with LIV Anura targeting 5 Star Green Star Design and As-built rating, 8.0 Weighted Average NatHERS rating and 4 Star NABERS Apartment Water and Energy rating.

Summary Information

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||||
|---|---|---|
|OWNERSHIP|44% Mirvac, 56% Unlisted Partners|
|TOTAL EXPECTED APARTMENTS|396|
|ACQUISITION DATE|Mar-21|[1]|

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Investment Office Industrial Retail Build to Rent Funds Development Commercial & Mixed Use Residential Important Notice Contact Us 68

FY23 PROPERTY COMPENDIUM

Funds

Mirvac is a top tier manager of prime real estate in Australia. Over FY23 our Funds management platform accelerated and now covers the office, industrial and build to rent sectors.

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Quay Quarter Tower, Sydney | Photo by Adam Mørk

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Mirvac FY23 Property Compendium

Funds

3rd Party Capital Under Management Vehicle Diversification[1]

Geographic Diversification[1]

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Funds & Ventures 43% NSW 65%
Joint Ventures 36% VIC 28%
QLD 4%
Mandates 21%
Other 3%
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TOTAL 3RD
PARTY CAPITAL
TYPE UNDER MANAGEMENT[2]
1 FUNDS & VENTURES $7.4bn 2 JOINT VENTURES $6.1bn 3 MANDATES $3.6bn TOTAL ASSETS $17.1bn
By 3rd party capital under management value.
3rd party capital under management represents the the total value of 3rd party capital that we generate fees for providing management services (either Funds Management, Asset Management or Development Management services). This only includes 3rd party capital and excludes Mirvac's investment in managed funds, assets or developments.

Mirvac FY23 Property Compendium

Funds & Ventures

Mirvac Wholesale Office Fund

(MWOF)

Geographic Diversification[1]

Grade Diversification[1]

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Sydney 63%
Melbourne 37%
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Premium 42%
A Grade 58%
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MWOF Summary

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

Fund Gross assets $7.4bn
Mirvac Co-investment 8%
Number of assets 11
WALE (by income) 5.5 years
Occupancy (by income) 90.7%
Gearing 20.4%
NABERS rating 5.1 Star
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FUND
OWNERSHIP NLA NABERS
PROPERTY LOCATION GRADE (%) (SQM) RATING
1 ANGEL PLACE SYDNEY, NSW A GRADE 100% 48,000 SQM 5.5 Star
2 255 GEORGE STREET SYDNEY, NSW A GRADE 100% 39,000 SQM 4.0 Star
3 QUAY QUARTER TOWER SYDNEY, NSW PREMIUM 33% 92,000 SQM n/a
4 DARLING PARK (1&2) SYDNEY, NSW PREMIUM 25% 114,000 SQM 5.5 Star
5 SOUTH EVELEIGH SYDNEY, NSW A GRADE 33% 102,000 SQM 6.0 Star
6 33 ALFRED STREET SYDNEY, NSW PREMIUM 50% 32,000 SQM n/a
7 BROOKFIELD PLACE SYDNEY, NSW PREMIUM 25% 73,000 SQM 5.5 Star
8 QUAY QUARTER LANES SYDNEY, NSW A GRADE 51% 3,000 SQM n/a
9 COLLINS PLACE MELBOURNE, VIC A GRADE 100% 104,000 SQM 4.5 Star [2]
10 BOURKE PLACE MELBOURNE, VIC PREMIUM 100% 66,000 SQM 4.0 Star
11 700 BOURKE STREET MELBOURNE, VIC A GRADE 100% 64,000 SQM 5.5 Star
MWOF TOTAL 737,000 SQM 5.1 Star
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By gross asset value.
NABERS rating relates to 35 Collins Street, Melbourne which is 4.5 Stars, 55 Collins Street, Melbourne is not yet rated.

Mirvac FY23 Property Compendium

Funds & Ventures

Build to Rent Venture

Geographic Diversification[1]

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Sydney 15%
Melbourne 67%
Brisbane 18%
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FUND
OWNERSHIP APARTMENTS ACQUISITION
PROPERTY LOCATION (%) (#) DATE
1 LIV INDIGO SYDNEY OLYMPIC PARK, NSW 100% 315 Jun-19
2 LIV MUNRO MELBOURNE, VIC 100% 490 Apr-21
BTR COMPLETED PROPERTIES TOTAL 805
Various from
3 LIV ALBERT FIELDS BRUNSWICK, VIC 100% 498 September 2020
4 LIV ASTON MELBOURNE, VIC 100% 474 Aug-21
5 LIV ANURA NEWSTEAD, QLD 100% 396 Mar-21
BTR PROPERTIES UNDER CONSTUCTION TOTAL 1,368
BUILD TO RENT TOTAL 2,173
LEASED % (BY APARTMENT NUMBER) [2] 75%
MIRVAC CO-INVESTMENT 44%
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By apartments, including committed pipeline.
Completed assets only, excludes IPUC and display apartment, lower occupancy in FY23 reflects inclusion of LIV Munro, Melbourne development which is still stabilising.

Investment Office Industrial Retail Build to Rent Funds

Development Commercial & Mixed Use Residential Important Notice Contact Us 72

FY23 PROPERTY COMPENDIUM

Development

Mirvac has over 50 years experience of development with a track record of quality award winning projects. Mirvac’s integrated model and in-house capability to design and develop commercial assets, mixed-use precincts, and residential communities across apartments and masterplanned communities is a unique competitive advantage.

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Harbourside, Sydney (artist impression, final design may differ)

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Investment Office Industrial Retail Build to Rent

Funds Development Commercial & Mixed Use Residential Important Notice Contact Us 73

FY23 PROPERTY COMPENDIUM

Commercial & Mixed Use

Mirvac has a diversified future Commercial & Mixed Use development pipeline of ~$11.6bn, with projects across office, industrial, retail, build to rent and mixed use sectors.

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55 Pitt Street, Sydney (artist impression, final design may differ)

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Mirvac FY23 Property Compendium

Development

Committed Pipeline - Sector Diversification[1]

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Build to Rent 37% Industrial 36% Office 20% Mixed Use 7%

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COMMITTED TOTAL PIPELINE
(APPROX (APPROX
ESTIMATED VALUE ESTIMATED VALUE % PIPELINE
SECTOR ON COMPLETION) [2] ON COMPLETION) [2] COMMITTED
BUILD TO RENT $1.2bn $1.2bn 100%
INDUSTRIAL $1.1bn $2.4bn 46%
OFFICE $0.6bn $5.0bn 13%
MIXED USE $0.2bn $3.0bn 7%
COMMERCIAL & MIXED USE TOTAL $3.1bn $11.6bn 27%
----- End of picture text -----

tted projects, by estimated 100% value on completion.

ents 100% expected end value / revenue (including GST) including where Mirvac is only providing Development Management Services, subject to various factors outside Mirvac’s contr lanning outcomes, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Mirvac FY23 Property Compendium

Investment Property Under Construction Office

55 PITT STREET SYDNEY, NSW

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With frontages to Pitt, Underwood and Dalley Streets, 55 Pitt Street is a development site that has the potential to deliver approximately 62,000 square metres of premium commercial and activated retail space as part of a vibrant new destination that will contribute towards the revitalisation of the iconic Circular Quay precinct.

Following a successful public exhibition of the Planning Proposal and Voluntary Planning Agreement (VPA), City of Sydney provided consent for Mirvac to commence a design excellence competition in November 2020, resulting in the appointment of SHoP Architects and Woods Bagot to design the precinct in February 2021. A demolition DA was approved in October 2021 enabling demolition to commence on site in November 2021, completed in August 2022. A stage 2 DA was lodged with the City of Sydney Council in June 2021 for the tower works and was approved in March 2022. Civil works, which commenced in August 2022, are well advanced and in line with the development programme.

Summary Information

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VALUATION AT 30 JUNE 2023 $109m [1]
EXPECTED DEVELOPMENT VALUE ON COMPLETION ~$1.9bn [2]
ACQUISITION DATE May-13
TARGET COMPLETION FY27+
OWNERSHIP 100% Mirvac
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Note: Image is an artist impression only, final design may differ.

Represents the IPUC book value, excludes any interest in the asset held in inventories. A portion of IPUC was transferred to inventories during the year.
Represents 100% expected end value, subject to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties.

Mirvac FY23 Property Compendium

Investment Property Under Construction Office

7 SPENCER STREET MELBOURNE, VIC

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7 Spencer Street is located in the emerging Northbank Precinct, located to the north bank of the Yarra River, bound by Spencer and Flinders Street. A series of new redevelopments and refurbishments in the Northbank Precinct, are transforming a somewhat forgotten yet historical plot of waterside land, improving ground plane activation and pedestrian links, both within the local area and beyond.

7 Spencer Street development is a 21 level, 45,500 sqm PCA A Grade Building with Premium Grade Services and will feature over 10 individual terraces, making the most of the river views and abundance of natural light. Floor plates range from 3,000 sqm on Level 4 to 1,000 sqm on Level 20, supported by a central core to optimise natural light to all sides and to maximise city / river views.

Mirvac has established a strategic relationship with Japanese Real Estate company, Daibiru, which is investing in a 50 per cent share of Mirvac’s next generation workplace development, 7 Spencer Street. Mirvac’s in-house design and construction teams have commenced works on the project, targeting completion in FY26+.

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||||
|---|---|---|
|Summary Information|
|VALUATION AT 30 JUNE 2023|$80m|[1]|
|EXPECTED DEVELOPMENT VALUE ON COMPLETION|~$630m|[2]|
|ACQUISITION DATE|Aug-21|
|TARGET COMPLETION|FY26+|
|OWNERSHIP|50% Mirvac, 50% Daibiru|

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Note: Image is an artist impression only, final design may differ.

Represents the IPUC book value, excludes any interest in the asset held in inventories. A portion of IPUC was transferred to inventories during the year.
Represents 100% expected end value, subject to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties.

Mirvac FY23 Property Compendium

Investment in Joint Venture - Under Construction Industrial

SWITCHYARD

AUBURN, NSW

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Switchyard is located approximately 3.3 kilometres from Parramatta CBD and 18 kilometres from Sydney CBD. It is well placed to benefit from significant infrastructure investment including the WestConnex project which will provide motorway connectivity to Port Botany and Sydney Airport.

The 14-hectare site is set to become a state-of-the-art industrial estate as well as a vibrant employment precinct delivering premium facilities that blend flexible warehousing, office space and small-scale local amenities such as a local café totalling approximately 72,000 square metres of floor space.

Mirvac’s redevelopment of the site was initially a joint venture with an investment vehicle sponsored by Morgan Stanley Real Estate Investing (MSREI). Mirvac acquired its joint venture partner's interest in September 2022. In June 2023, Mirvac launched the Mirvac Industrial Venture (MIV) with Switchyard as the seed asset. Australian Retirement Trust (ART) acquired 49% share in MIV with 51% retained by Mirvac. Construction is underway with a targeted completion by 1Q24.

Summary Information

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VALUATION AT 30 JUNE 2023 $0m [1]
EXPECTED DEVELOPMENT VALUE ON COMPLETION ~$370m [2]
ACQUISITION DATE Nov-21
TARGET COMPLETION FY24
OWNERSHIP MIV JV: 51% Mirvac, 49% ART
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Note: Image is an artist impression only, final design may differ.

Investment carried as an Investment in Joint Venture, not held in IPUC.
Represents 100% expected end value, excluding the sale of any undeveloped land, subject to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Industrial expected end values are excluding the sale of any undeveloped land.

Mirvac FY23 Property Compendium

Investment Property Under Construction Industrial

ELIZABETH ENTERPRISE

BADGERYS CREEK, NSW

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Mirvac entered into an agreement in August 2018 to acquire Stage 1 of a future 244-hectare industrial estate at Badgerys Creek resulting in the acquisition of Stage 1 (56 hectares) in August 2021 and Stage 2 (52 hectares) in April 2021.

Located approximately 800 meters from the Western Sydney International (Nancy-Bird Walton) Airport and approximately eight kilometres from the M7 motorway, Elizabeth Enterprise is expected to benefit from its proximity to approximately $20 billion in infrastructure improvements in the Western Sydney area, including the new Airport, M12 motorway and Sydney Metro – Western Sydney Airport which are currently under construction.

Stage 1 and 2 were rezoned to permit industrial uses in September 2020 as part of Tranche 5 of the NSW Planning Acceleration Protocol.

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||||
|---|---|---|
|Summary Information|
|VALUATION AT 30 JUNE 2023|$135m|[1]|
|EXPECTED DEVELOPMENT VALUE ON COMPLETION|~$1.3bn|[2]|
|ACQUISITION DATE|Apr-21 & Aug-21|
|TARGET COMPLETION|FY26+|
|OWNERSHIP|100% Mirvac|

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Note: Image is an artist impression only, final design may differ.

Represents the IPUC book value, excludes any interest in the asset held in inventories. A portion of IPUC was transferred to inventories during the year.
Represents 100% expected end value, excluding the sale of any undeveloped land, subject to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Industrial expected end values are excluding the sale of any undeveloped land.

Mirvac FY23 Property Compendium

Investment Property Under Construction Industrial

ASPECT

KEMPS CREEK, NSW

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Aspect Industrial Estate is a 56 hectare site located with direct frontage to Mamre Road in the Mamre Road precinct, and is set to benefit from the planned $220 million upgrade to Mamre Road.

Rezoning of the precinct was achieved in June 2020 with rezoning of the Mamre Road precinct included in the second Tranche of NSW Planning Acceleration Protocol. The initial State Significant Development Application (SSD) was approved in June 2022. Construction commenced on site in 1H23.

Summary Information

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VALUATION AT 30 JUNE 2023 $109m [1]
EXPECTED DEVELOPMENT VALUE ON COMPLETION ~$745m [2]
ACQUISITION DATE Dec-19 & Dec-21
TARGET COMPLETION FY25+
OWNERSHIP 100% Mirvac
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Note: Image is an artist impression only, final design may differ.

Represents the IPUC book value, excludes any interest in the asset held in inventories. A portion of IPUC was transferred to inventories during the year.
Represents 100% expected end value, excluding the sale of any undeveloped land, subject to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Industrial expected end values are excluding the sale of any undeveloped land.

Mirvac FY23 Property Compendium

Investment Property Under Construction Retail/Mixed Use

HARBOURSIDE

SYDNEY, NSW

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The Harbourside redevelopment is located within Sydney’s Darling Harbour precinct. The new Harbourside will reimagine the Darling Harbour waterfront for the 21st century, reconnect the people and places of Pyrmont, and create a network of new public spaces that seamlessly bring together residents, workers, tourists, and locals as part of a world class mixed-use precinct.

The redevelopment will deliver a total gross floor area (GFA) of 87,000 square metres, including 45,000 square metres of commercial / retail space, and 42,000 square metres of residential space, yielding 265 luxury apartments within a 42-storey residential tower.

Construction has commenced and it is due for staged completion from 2026/2027. This new destination will see a new era in placemaking and mixed-use, delivering exciting new retail, a campus-style commercial space and residential, all integrated with an abundance of accessible green public domains.

Harbourside is an example of the private sector working in partnership with the NSW Government to develop a project that can be beneficial for all people across NSW. This redevelopment demonstrates Mirvac’s capability to partner with Government and unlock large scale complex mixed-use projects.

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||||
|---|---|---|
|Summary Information|
|VALUATION AT 30 JUNE 2023|$251m|[1]|
|EXPECTED DEVELOPMENT VALUE ON COMPLETION|~$2.1bn|[2]|
|TOTAL RESIDENTIAL LOTS|[3]|265|
|NLA|~27,000 sqm office & ~7,000 sqm retail|
|ACQUISITION DATE|Jan-14|
|TARGET COMPLETION|FY26+|
|OWNERSHIP|100% Mirvac|

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Note: Image is an artist impression only, final design may differ.

Reflects IPUC value, excluding gross up of AASB 16 lease liabilities, subject to rounding. Balance of interest held in inventory.
Represents 100% expected end value, subject to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties.
Indicative only and subject to change. Settlement timing and lot numbers subject to change depending on various factors outside of Mirvac’s control such as planning outcomes, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties.

Mirvac FY23 Property Compendium

Investment Property Under Construction Mixed Use

WATERLOO METRO QUARTER

SYDNEY, NSW

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Mirvac and John Holland will deliver the Waterloo Metro Quarter development in a joint venture. The site is located approximately 3.3 kilometres south of the Sydney CBD and has frontages to Cope Street, Botany Road, Raglan Street and Wellington Street. Construction of the new Sydney Metro Waterloo Station is currently underway with the site now partially handed over for the Metro Quarter development. All development approvals have been obtained. The project will deliver residential, office and retail space, along with student accommodation, affordable and social housing. The precinct will also have community facilities which are intended to be operated as a childcare centre.

Summary Information

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VALUATION AT 30 JUNE 2023 $0m [1]
EXPECTED DEVELOPMENT VALUE ON COMPLETION ~$960m [2]
TOTAL LOTS 655 (505 social and student accommodation, 150 BTS)
TOTAL RESIDENTIAL LOTS [3] 150
NLA ~32,300 sqm office & ~4,500 sqm retail
ACQUISITION DATE Dec-19
TARGET COMPLETION FY25+
OWNERSHIP JV
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Note: Image is an artist impression only.

Investment carried as an Investment in Joint Venture, not held in IPUC.
Represents 100% expected end value, subject to various factors outside of Mirvac’s control such as planning, market demand and COVID-19 uncertainties.
Indicative only and subject to change. Settlement timing and lot numbers subject to change depending on various factors outside of Mirvac’s control such as planning outcomes, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Includes 24 affordable housing lots.

Investment Office Industrial Retail Build to Rent Funds Development Commercial & Mixed Use Residential Important Notice Contact Us 82

FY23 PROPERTY COMPENDIUM

Residential

Mirvac is one of the leading residential brands in the Australian development and construction industry and has a proven track record of delivering innovative and quality products that exceed customers’ expectations and lead the market.

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Tullamore, Melbourne

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Mirvac FY23 Property Compendium

Residential

Overview

Expected Revenue

$17.0 billion[1]

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NSW 45%
VIC 37%
QLD 14%
WA 4%
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Pipeline Lots

22,974 lots[2]

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Insert Pie Chart
NSW 30%
VIC 47%
QLD 17%
WA 6%
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Residential Expected Revenue

Mirvac Share Expected Revenue

$14.4 billion[3]

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NSW 47%
VIC 33%
QLD 15%
WA 5%
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Masterplanned Communities

$7.4 billion[3]

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NSW 37%
VIC 48%
QLD 12%
WA 3%
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Apartments $7.0 billion[3]

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NSW 57%
QLD 19%
VIC 18%
WA 6%
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Represents 100% expected future revenue subject to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Includes GST. Subject to rounding.
Subject to change, depending on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties.
Represents Mirvac's share of expected future revenue subject to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Includes GST. Subject to rounding.

Mirvac FY23 Property Compendium

Residential

NEW SOUTH WALES

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Mirvac Share Expected Revenue [1] Pipeline Lots [2]
$6.7 billion 6,904 lots
pie chart
Masterplanned Masterplanned
Communities 41% Communities 69%
Apartments 59% Apartments 31%
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In Progress

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ACQUISITION/ PROJECT
AGREEMENT VALUE TOTAL SETTLEMENT DATE [3] CURRENT PRICE RANGE CONSTRUCTION
PROPERTY DATE LOCATION (INCL. GST) [2] LOTS [2] RELEASED EXCHANGED SETTLED FROM TO FROM TO PROGRESS [4] DESCRIPTION OWNERSHIP STRUCTURE
The Avenue, Alex Avenue Various (from 2012) Schofields $278.6m 492 482 482 482 FY14 FY26 $295,000 $819,900 MPC - Land & housing 100% Mirvac
Completed Stages $174.9m 232 232 232 232 FY15 FY20 $312,900 $819,900 100%
Balance of project $103.7m 260 250 250 250 FY14 FY26 $295,000 $732,500 92%
55 Coonara Avenue May 20 West Pennant Hills $699.1m 417 0 0 0 FY26 FY27 TBC TBC 3% Apartments & housing 100% Mirvac
Cobbitty, COBBITTY ROAD Dec 21 Cobbitty $631.9m 875 57 46 0 FY24 FY28 $464,000 $830,000 5% MPC - Land & housing 100% Mirvac
Georges Cove, NEWBRIDGE ROAD Dec 14 Moorebank $188.2m 179 163 163 50 FY23 FY25 $783,000 $1,309,000 [6] 56% MPC - Medium density housing PDA with Benedict Industries
Googong, Googong Dam Road Dec 11 Googong $2,114.4m 5,072 3,239 3,110 2,977 FY14 FY33 $180,000 $736,000 MPC - Land & housing JV with PEET Limited
Completed Stages $479.5m 1,942 1,942 1,942 1,942 FY14 FY22 $180,000 $470,000 100%
Released Stages $771.1m 1,605 1,297 1,168 1,035 FY19 FY32 $260,000 $736,000 52%
Future Stages $863.8m 1,525 0 0 0 FY26 FY33 TBC TBC 0%
Green Square, Botany Road Mar 12 Zetland $2,232.5m 1,607 [5] 795 752 476 FY17 FY31 $498,000 $4,675,000 Apartments with mixed use PDA with Landcom / 100% Mirvac
Completed Stages [10] $508.6m 477 477 476 476 FY17 FY20 $498,000 $2,080,000 100%
Portman on the Park $166.0m 117 116 107 0 FY24 FY24 $770,000 $2,558,000 70%
Portman House $58.9m 44 44 38 0 FY24 FY24 $745,000 $3,000,000 70%
The Frederick $215.4m 151 151 129 0 FY24 FY24 $725,000 $3,995,000 70%
Portman Street Terraces $32.1m 7 7 2 0 FY24 FY24 $4,450,000 $4,675,000 70%
Future Stages $1,251.5m 811 0 0 0 FY29 FY31 TBC TBC 0%
NINE by Mirvac, ARTARMON ROAD Feb 20 Willoughby $799.6m 417 [7] 327 142 0 FY24 FY25 $699,000 [6] $4,975,000 [6] 64% Apartments with mixed use 100% Mirvac
Pavilions, Figtree Drive Nov 14 Sydney Olympic Park $353.3m 359 [8] 359 359 359 FY20 FY23 $575,000 $1,980,000 100% Apartments PDA with Sydney Olympic Park Authority
Riverlands Milperra, PRESCOT PARADE Oct 19 Milperra $389.5m 312 0 0 0 FY25 FY28 TBC TBC 5% MPC - Medium density housing 100% Mirvac
St Leonards Square, Pacific Highway Jun 15 St Leonards $814.6m 561 [9] 561 561 561 FY20 FY21 [9] $635,000 $5,585,000 Apartments with mixed use 100% Mirvac [11]
The William $356.8m 241 241 241 241 FY20 FY21 [9] $635,000 $2,725,000 100%
The Jackson $457.8m 320 320 320 320 FY20 FY21 $640,000 $5,585,000 100%
The Langlee, BIRRELL STREET Dec 20 Waverley $170.3m 55 55 21 0 FY24 FY24 $1,750,000 $5,295,000 79% Apartments PDA with Eastern Suburbs Leagues Club Ltd
The Village, STATION STREET Jan 17 Menangle $217.6m 378 211 167 135 FY22 FY26 $444,900 $739,000 [6] 44% MPC - Land & housing PDA with SouWest Developments Pty Ltd
Proposed
ACQUISITION/ PROJECT
AGREEMENT VALUE SETTLEMENT DATE [3]
PROPERTY DATE LOCATION (INCL. GST) TOTAL LOTS [2] FROM TO DESCRIPTION OWNERSHIP STRUCTURE
Marsden Park North Nov 14 Marsden Park $318.2m 547 FY26 FY29 MPC - Land & housing PDA with MAC 1 MP Pty Ltd
Milperra, Western Sydney University Campus Aug 19 Milperra $470.7m 413 FY25 FY29 MPC - Medium density housing PDA with Western Sydney University
505 George Street May 20 Sydney TBC 260 TBC TBC Apartments with mixed use PDA with Coombes Property Group
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Represents Mirvac's share of expected future revenue subject to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Includes GST. Subject to rounding.
Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties.
Includes 1 retail lot, expected to settle FY24.
Ownership was JV with Ping An through Aug-21, all residential lots settled prior to structure change.
Settlement dates may vary as circumstances change, due to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Settlements relate to residential lots only.
Construction progress as a percentage of cost, which includes land subdivision but not land acquisition. 7. Excludes affordable housing lots.
Includes retail lots.
Price range relates to released lots and is not indicative of future releases. Includes GST.
Excludes affordable housing lots to be delivered to Sydney Olympic Park Authority and Build to Rent lots.
Includes 34 retail/commercial strata lots. All residential lots settled by FY21.

Mirvac FY23 Property Compendium

Residential Development New South Wales

THE AVENUE, ALEX AVENUE

SCHOFIELDS, NSW

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A land and housing project, The Avenue at Schofields is in the north-west growth corridor of Sydney approximately 45 kilometres from the Sydney CBD. This masterplanned community is nearing completion having delivered 482 residential lots to date, with the final 10 lots pending the completion of regional drainage infrastructure works by Council. The community includes a 1.2 hectare public park delivered by Mirvac, featuring a children’s playground, open playing fields and bushland areas.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Various (from 2012)
LOCATION Schofields
PROJECT VALUE (INCL. GST) [1] $278.6m
TOTAL LOTS [1] 492
RESIDENTIAL LOTS SETTLEMENT PERIOD FY14-FY26
OWNERSHIP STRUCTURE 100% Mirvac
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Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Mirvac FY23 Property Compendium

Residential Development New South Wales

55 COONARA AVENUE

WEST PENNANT HILLS, NSW

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55 Coonara Avenue, West Pennant Hills is a 25.87 hectare site located within 800 metres of the Cherrybrook Metro Station, three kilometres from the Northconnex interchange and 21 kilometres from the CBD. Following rezoning in June 2020, three Development Applications (Concept Plan and Civil Works, Housing South Precinct and Apartments Precinct) were approved in Nov 2022 for a new family friendly residential community comprising 165 houses and 252 apartments that will replace the existing redundant business park. As part of the rezoning, approximately 10 hectares of remnant forest is proposed to be dedicated to the State Government as public open space being an extension of the adjoining Cumberland State Forest.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE May-20
LOCATION West Pennant Hills
PROJECT VALUE (INCL. GST) [1] $699.1m
TOTAL LOTS [1] 417
RESIDENTIAL LOTS SETTLEMENT PERIOD FY26-FY27
OWNERSHIP STRUCTURE 100% Mirvac
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Note: Image is an artist impression, final design may differ from above image.

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Mirvac FY23 Property Compendium

Residential Development New South Wales

COBBITTY, COBBITTY ROAD

COBBITTY, NSW

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Cobbitty is a 80-hectare parcel of zoned land in the south-west of Sydney in the Camden Local Government Area. The site, which adjoins the existing suburbs of Oran Park and Harrington Grove, has the potential to deliver approximately 870 lots, as well as a playing field, a future town centre and high-quality community facilities.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Dec-21
LOCATION Cobbitty
PROJECT VALUE (INCL. GST) [1] $631.9m
TOTAL LOTS [1] 875
RESIDENTIAL LOTS SETTLEMENT PERIOD FY24-FY28
OWNERSHIP STRUCTURE 100% Mirvac
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Note: Image is an artist impression, final design may differ from above image.

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Mirvac FY23 Property Compendium

Residential Development New South Wales

GEORGES COVE, NEWBRIDGE ROAD

MOOREBANK, NSW

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Georges Cove is located in Moorebank, approximately 27 kilometres south-west of Sydney CBD, on the banks of the Georges River. The 179 lot estate includes a mix of Mirvac designed and built detached, semi-detached and terrace homes as well as a community facility comprising landscaped green space, a swimming pool, and covered BBQ area.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Dec-14
LOCATION Moorebank
PROJECT VALUE (INCL. GST) [1] $188.2m
TOTAL LOTS [1] 179
RESIDENTIAL LOTS SETTLEMENT PERIOD FY23-FY25
OWNERSHIP STRUCTURE PDA with Benedict Industries
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Note: Image is an artist impression, final design may differ from above image.

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Mirvac FY23 Property Compendium

Residential Development New South Wales

GOOGONG, GOOGONG DAM ROAD

GOOGONG, NSW

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Googong is a township located on former grazing land on the NSW/ACT border, just 16 kilometres south-east of Parliament House and eight kilometres south of Queanbeyan. The project is being developed over 20 to 23 years on a 780-hectare site and will eventually be home to approximately 18,000 people. As a self-contained township, Googong will ultimately provide housing, community and recreational facilities, shops, schools and employment opportunities. Over 20 percent of the site will be dedicated to Council as open space for parklands and playing fields. Googong holds a Green Star accreditation as a 5-star community, equating to Australian Excellence approved by Green Building Council. The project has won numerous awards including UDIA NSW Award for Excellence – Masterplanned Communities and NSW Regional Development, PCA ACT Development of the Year award and UDIA NSW Marketing Award.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Dec-11
LOCATION Googong
PROJECT VALUE (INCL. GST) [1] $2,114.4m
TOTAL LOTS [1] 5,072
RESIDENTIAL LOTS SETTLEMENT PERIOD FY14-FY33
OWNERSHIP STRUCTURE JV with PEET Limited
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Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Mirvac FY23 Property Compendium

Residential Development New South Wales

GREEN SQUARE, BOTANY ROAD

ZETLAND, NSW

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Green Square is a mixed use development located just over four kilometres south of Sydney’s CBD, approximately four kilometres from Sydney airport, and is conveniently located near the Green Square train station. The Green Square precinct is one of the largest urban renewal projects in Australia and when complete, this development will aim to deliver over 1,600 apartments, along with office and retail space and a substantial public domain within the Green Square Town Centre. In 2020, Mirvac acquired Landcom’s ownership of the future stages of Green Square Town Centre, including future apartments, commercial and retail space.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Mar-12
LOCATION Zetland
PROJECT VALUE (INCL. GST) [1] $2,232.5m
TOTAL LOTS [1] 1,607 [2]
RESIDENTIAL LOTS SETTLEMENT PERIOD FY17-FY31
OWNERSHIP STRUCTURE PDA with Landcom / 100% Mirvac
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Note: Image is an artist impression, final design may differ from above image.

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties
Includes retail lots.

Mirvac FY23 Property Compendium

Residential Development New South Wales

NINE BY MIRVAC, ARTARMON ROAD

WILLOUGHBY, NSW

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Located approximately six kilometres north of the Sydney CBD at the former Channel Nine Studios and headquarters, the circa 3-hectare site will accommodate 417 luxury residential apartments and small-scale non-residential uses across a collection of ten boutique buildings. The buildings will integrate with the surrounding landscape and local character of Willoughby. The development will provide significant public open space showcasing the unique natural qualities of Sydney’s Lower North Shore landscape for relaxation, socialisation and coming together as a community. The development also includes the removal of the 233 metre high transmission tower which was previously located on the site and has now been dismantled, significantly improving the skyline in the local area.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Feb-20
LOCATION Willoughby
PROJECT VALUE (INCL. GST) [1] $799.6m
TOTAL LOTS [1] 417
RESIDENTIAL LOTS SETTLEMENT PERIOD FY24-FY25
OWNERSHIP STRUCTURE 100% Mirvac
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Note: Image is an artist impression, final design may differ from above image.

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties Excludes affordable housing lots to be delivered.

Mirvac FY23 Property Compendium

Residential Development New South Wales

PAVILIONS, FIGTREE DRIVE

SYDNEY OLYMPIC PARK, NSW

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Located within the Sydney Olympic Park precinct, the site is 16 kilometres west of the Sydney CBD and nine kilometres from the Parramatta CBD. The precinct includes two build to sell apartment buildings, and two build to rent buildings. The project has a strong focus on amenity and private open space for its residents and tenants, with a private 4,500 square metre landscape podium, which offers a gym, community room, herb garden, pavilions and BBQ facilities and four levels of basement car parking, for exclusive use of its residents. In addition, 1,500 square metres of retail space has been handed back to the Sydney Olympic Park Authority and is currently leased and operating. The strong partnership between Mirvac and Sydney Olympic Park Authority has been integral in delivering Pavilions to the Sydney Olympic Park community and aims at supporting precinct residents future success within the suburb. All settlements were completed in May 2023.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Nov-14
LOCATION Sydney Olympic Park
PROJECT VALUE (INCL. GST) [1] $353.3m
TOTAL LOTS 359 [2]
RESIDENTIAL LOTS SETTLEMENT PERIOD FY20-FY23
OWNERSHIP STRUCTURE PDA with Sydney Olympic Park Authority
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Indicative only and subject to change. Project value will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Excludes affordable housing lots to be delivered to Sydney Olympic Park Authority and Build to Rent lots.

Mirvac FY23 Property Compendium

Residential Development New South Wales

RIVERLANDS MILPERRA, PRESCOT PARADE MILPERRA, NSW

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Riverlands, Milperra is a residential masterplanned community infill site located approximately 30 kilometres south-west of the Sydney CBD with direct access to the Georges River foreshore. The site will include approximately 300 medium density dwellings to be constructed by Mirvac along with a community facility, a 2.5 kilometres riverfront public walkway, recreational opportunities, and approximately 12 hectares of revegetation works.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Oct-19
LOCATION Milperra
PROJECT VALUE (INCL. GST) [1] $389.5m
TOTAL LOTS [1] 312
RESIDENTIAL LOTS SETTLEMENT PERIOD FY25-FY28
OWNERSHIP STRUCTURE 100% Mirvac
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Note: Concept image only (artist impression), final design may differ from above image.

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Mirvac FY23 Property Compendium

Residential Development

New South Wales

ST LEONARDS SQUARE, PACIFIC HIGHWAY

ST LEONARDS SQUARE, NSW

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Located in the heart of Sydney's Lower North Shore, only 4.5 kilometres from the Sydney CBD, St Leonards Square is just a few hundred metres from St Leonards Train Station and diagonally opposite the future Crows Nest Metro Station. Completed in 2019, the project delivered luxury residential apartments across two striking towers with iconic views of the Sydney CBD and Sydney Harbour and exclusive residential amenities across two levels. The project has also delivered 32 commercial strata office suites, a Virgin Active gym and a vibrant ground floor retail precinct for residents and the wider community. The project was awarded Urban Taskforce Australia’s 2020 award for High Density Residential Development. The final Retail lot was settled in June 2023.

Summary Information

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ACQUISITION/AGREEMENT DATE Jun-15
LOCATION St Leonards
PROJECT VALUE (INCL. GST) [1] $814.6m
TOTAL LOTS 561 [2]
RESIDENTIAL LOTS SETTLEMENT PERIOD FY20-FY21 [3]
OWNERSHIP STRUCTURE 100% Mirvac [4]
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Indicative only and subject to change. Project value will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties
Includes 34 retail/commercial strata lots.
Final Retail lot settled in FY23.
Ownership was JV with Ping An through Aug-21, all residential lots settled prior to structure change.

Mirvac FY23 Property Compendium

Residential Development New South Wales

THE LANGLEE, BIRRELL STREET WAVERLEY, NSW

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Located in Waverley, the site is approximately one hectare in area and in the premium coastal eastern suburbs of Sydney, approximately six kilometres from the CBD. The project is being delivered on behalf of the landowner, Eastern Suburbs Leagues Club (ESLC). With a strong focus on amenity and private open space for its residents, the site is also nestled amongst an array of local infrastructure and amenity including Waverley Oval, Waverley College, Tamarama Beach and Westfield Bondi Junction. With construction works nearing completion, the project will deliver a boutique selection of 55 luxury apartments for those aged over 55, integrated with a new Waverley Bowling Club and bowling greens to be retained by the ESLC.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Dec-20
LOCATION Waverley
PROJECT VALUE (INCL. GST) [1] $170.3m
TOTAL LOTS [1] 55
RESIDENTIAL LOTS SETTLEMENT PERIOD FY24
OWNERSHIP STRUCTURE PDA with Eastern Suburbs Leagues Club Ltd
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Note: Image is an artist impression, final design may differ from above image.

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Mirvac FY23 Property Compendium

Residential Development New South Wales

THE VILLAGE, STATION STREET MENANGLE, NSW

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The Village, Menangle is a residential masterplanned community located in Sydney’s south-west within the Wollondilly Shire LGA. The 40-hectare site is adjacent to the historical Menangle train station and Menangle village. Two parks are proposed within the masterplanned community.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Jan-17
LOCATION Menangle
PROJECT VALUE (INCL. GST) [1] $217.6m
TOTAL LOTS [1] 378
RESIDENTIAL LOTS SETTLEMENT PERIOD FY22-FY26
OWNERSHIP STRUCTURE PDA with SouWest Developments Pty Ltd
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Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Mirvac FY23 Property Compendium

Residential

QUEENSLAND

Mirvac Share Expected Revenue[1] $2.2 billion

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Masterplanned Communities 40% Apartments 60%

Pipeline Lots[2] 3,929 lots

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Masterplanned
Communities 70%
Apartments 30%
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In Progress

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Represents Mirvac's share of expected future revenue subject to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Includes GST. Subject to rounding.
Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties.
Settlement dates may vary as circumstances change, due to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Settlements relate to residential lots only.
Construction progress as a percentage of cost, which includes land subdivision but not land acquisition.
Agreement date relates to Waterfront Newstead precinct.

Mirvac FY23 Property Compendium

Residential Development Queensland

ASCOT GREEN, LANCASTER ROAD

ASCOT, QLD

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Ascot Green is a joint residential development project with Brisbane Racing Club located in the blue-chip suburb of Ascot in Brisbane. On completion, the project is intended to deliver over 900 apartments situated along the iconic Eagle Farm Racecourse. The project’s first building, Ascot House, was completed in June 2018 and Tulloch House, the second building, was completed in October 2021. Charlton House, the third building in the masterplan, was launched to the market in March 2022, and is currently under construction. Charlton House comprises 112 apartments over 13 levels, a resort style pool and a rooftop terrace featuring an indoor dining room with panoramic views over the Eagle Farm racecourse and across to the Brisbane CBD.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Sep-15
LOCATION Ascot
PROJECT VALUE (INCL. GST) [1] $932.1m
TOTAL LOTS [1] 946
RESIDENTIAL LOTS SETTLEMENT PERIOD FY18-FY31
OWNERSHIP STRUCTURE PDA with Brisbane Racing Club
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Note: Image is an artist impression, final design may differ from above image.

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Mirvac FY23 Property Compendium

Residential Development Queensland

ASHFORD RESIDENCES, ASHMORE STREET EVERTON PARK, QLD

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Located in Everton Park, seven kilometres north of the Brisbane CBD, this residential development comprises 80 terrace homes, 43 land lots and one heritage home. The development also consists of a resort-style residents’ club facility and the establishment of an ecological wetland area.

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||||
|---|---|---|
|Summary Information - In Progress|
|ACQUISITION/AGREEMENT DATE|Mar-17|
|LOCATION|Everton Park|
|PROJECT VALUE (INCL. GST)|[1]|$88.2m|
|TOTAL LOTS|[1]|124|
|RESIDENTIAL LOTS SETTLEMENT PERIOD|FY21-FY24|
|OWNERSHIP STRUCTURE|100% Mirvac|

----- End of picture text -----

Note: Image is an artist impression, final design may differ from above image.

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Mirvac FY23 Property Compendium

Residential Development Queensland

EVERLEIGH, TEVIOT ROAD GREENBANK, QLD

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Everleigh is a multi-award winning, 481-hectare masterplanned community located 30 kilometres south of the Brisbane CBD. It is anticipated to yield over 3,450 residential land lots on completion, in addition to over 25 hectares of Sub-Regional Sports and Recreation parkland, a neighbourhood retail centre and schools, including the new Everleigh State Primary School, which opened to students in February 2022. Everleigh won the Master Planning Award at the 2021 Logan Urban Design Awards and has enjoyed a suite of awards and industry recognition in prior years.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Feb-16
LOCATION Greenbank
PROJECT VALUE (INCL. GST) [1] $1,051.1m
TOTAL LOTS [1] 3,456
RESIDENTIAL LOTS SETTLEMENT PERIOD FY19-FY35
OWNERSHIP STRUCTURE 100% Mirvac
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Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

100

Mirvac FY23 Property Compendium

Residential Development Queensland

GAINSBOROUGH GREENS, SWAN ROAD

PIMPAMA, QLD

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Gainsborough Greens is a large-scale masterplanned community located at Pimpama in the northern Gold Coast area, 50 kilometres south of the Brisbane CBD. The project consists of approximately 2,000 lots, along with recreational and retail facilities, with over 65% of the site being open space, of which 177 hectares is a dedicated conservation nature reserve for native flora and fauna. The multi-award winning project was awarded Project of the Year at the 2021 Queensland UDIA awards. The development completed in 2023.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Oct-06
LOCATION Pimpama
PROJECT VALUE (INCL. GST) [1] $522.8m
TOTAL LOTS [1] 2,021
RESIDENTIAL LOTS SETTLEMENT PERIOD FY11-FY23
OWNERSHIP STRUCTURE 100% Mirvac
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Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

101

Mirvac FY23 Property Compendium

Residential Development Queensland

WATERFRONT, SKYRING TERRACE NEWSTEAD, QLD

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Mirvac’s ‘Waterfront’ precinct is located in Newstead alongside the Brisbane River, and only two kilometres from the Brisbane CBD. The three proposed landmark architectural buildings in the precinct are designed for owner-occupiers and will offer premium residential amenity including resort style rooftops featuring resident dining rooms, wellness centres with gyms, spas and saunas, and infinity pools with panoramic views over the Brisbane River. Quay and Isle, the first two stages are currently under construction, with completion expected in mid 2024 and mid 2025.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Apr-08 [1]
LOCATION Newstead
PROJECT VALUE (INCL. GST) [2] $668.6m
TOTAL LOTS [2] 401
RESIDENTIAL LOTS SETTLEMENT PERIOD FY25-FY28
OWNERSHIP STRUCTURE 100% Mirvac
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Note: Image is an artist impression, final design may differ from above image.

Agreement date relates to Waterfront Newstead precinct.
Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

102

Mirvac FY23 Property Compendium

Residential

VICTORIA

Mirvac Share Expected Revenue[1] $4.8 billion

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Masterplanned
Communities 74%
Apartments 26%
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Pipeline Lots[2]

10,773 lots

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Masterplanned
Communities 90%
Apartments 10%
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In Progress

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ACQUISITION/ PROJECT
AGREEMENT VALUE TOTAL SETTLEMENT DATE [3] CURRENT PRICE RANGE CONSTRUCTION
PROPERTY DATE LOCATION (INCL. GST) LOTS [2] RELEASED EXCHANGED SETTLED FROM TO FROM TO PROGRESS [4] DESCRIPTION OWNERSHIP STRUCTURE
The Albertine, 31 Queens Road May 22 Melbourne TBC 98 0 0 0 FY26 FY26 TBC TBC 0% Apartments 100% Mirvac
The Fabric, Blackshaws Road Jul 20 Altona North $481.3m 587 144 138 72 FY22 FY30 $660,000 $1,400,000 MPC - Mix of housing & apartments 100% Mirvac
Completed Stages $47.0m 50 50 50 50 FY22 FY23 $660,000 $1,250,000 100%
Released Stages $113.0m 117 94 88 22 FY23 FY25 $695,000 $1,400,000 40%
Future Stages (MPC) $92.3m 80 0 0 0 FY25 FY26 $845,000 $950,000 0%
Future Stages (apartments) $229.0m 340 0 0 0 FY25 FY30 TBC TBC 0%
Olivine, Donnybrook Road Jun 12 Donnybrook $1,826.9m 4,623 1,262 1,210 1,062 FY18 FY38 $127,000 $625,000 MPC - Land & medium density housing Combination of balance sheet and DMA with Boral
Completed Stages $251.7m 891 891 891 891 FY18 FY23 $127,000 $449,000 100%
Released Stages $147.6m 394 371 319 171 FY23 FY27 $170,000 $625,000 45%
Future Stages $1,427.6m 3,338 0 0 0 FY24 FY38 TBC TBC 5%
Prince and Parade, 699 Park Street Jun 21 Brunswick TBC 166 0 0 0 FY26 FY26 TBC TBC 0% Apartments 100% Mirvac
Smiths Lane, Smiths Lane Nov 11 Clyde North $1,557.7m 3,186 1,365 1,294 996 FY19 FY29 $173,000 $695,000 MPC - Land & medium density housing Combination of 100% Mirvac and 50/50 Joint Operation with Supalai
Completed Stages $101.0m 364 364 364 364 FY19 FY22 $173,000 $459,000 100%
Released Stages $476.1m 1,133 1,001 930 632 FY21 FY29 $213,000 $695,000 55%
Future Stages $980.6m 1,689 0 0 0 FY24 FY29 TBC TBC 2%
Tullamore, Doncaster Road Jul 15 Doncaster $891.1m 913 912 902 892 FY16 FY24 $380,000 $2,750,000 MPC - Land, medium density housing & apartments 100% Mirvac
Completed Stages $436.6m 415 415 415 415 FY16 FY23 $540,000 $1,950,000 100%
Released Stages $198.4m 170 169 161 152 FY17 FY24 [5] $980,000 $2,595,000 90%
Apartments Building A (Phoenix) $92.9m 134 134 134 134 FY19 FY21 $380,000 $1,519,000 100%
Apartments Building B (Folia) $79.7m 102 102 102 102 FY21 FY22 $395,000 $1,835,000 100%
Apartments Building C (Forme) $83.5m 92 92 90 89 FY23 FY24 $415,000 $2,750,000 70%
Wantirna South, George Street Jun 19 Wantirna South $1,357.4m 1,717 0 0 0 FY26 FY36 TBC TBC 0% MPC - Land, housing & medium density housing PDA with Boral
Waverley Park, Goodison Court Dec 01 Mulgrave $785.2m 1,319 1,319 1,319 1,319 FY04 FY23 $225,000 $1,725,000 100% MPC - Housing 100% Mirvac
Woodlea, Leakes Road Nov 06 Aintree / Bonnie Brook $2,018.6m 6,501 5,024 4,953 4,434 FY16 FY32 $135,500 $1,088,888 MPC - Land & medium density housing 50% Mirvac 50% Jayaland Corporation
Completed Stages $1,070.7m 3,968 3,968 3,968 3,968 FY16 FY23 $135,500 $1,088,888 100%
Released Stages $450.0m 1,232 1,056 985 466 FY20 FY25 $203,000 $674,485 60%
Future Stages $497.9m 1,301 0 0 0 FY24 FY32 TBC TBC 0%
Yarra's Edge, Lorimer Street Docklands $1,601.4m 1,526 1,298 1,133 1,088 FY05 FY28 $120,000 $6,000,000 Apartments and townhouses, with mixed use 100% Mirvac
Completed Stages Apr 11 $714.4m 664 664 664 664 FY13 FY20 $500,000 $6,000,000 100%
Marina Berths Mar 04 $18.1m 149 149 116 116 FY05 FY27 $120,000 $285,000 100%
Voyager - Tower 11 Oct 16 $293.2m 315 315 310 308 FY22 FY24 $475,000 $2,000,000 100%
Trielle - Tower 9 - $376.9m 191 170 43 0 FY26 FY27 $650,000 $5,250,000 100%
Future Stages - $198.8m 207 0 0 0 FY26 FY28 TBC TBC 0%
----- End of picture text -----

Represents Mirvac's share of expected future revenue subject to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Includes GST. Subject to rounding.
Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties.
Settlement dates may vary as circumstances change, due to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Settlements relate to residential lots only.
Construction progress as a percentage of cost, which includes land subdivision but not land acquisition.
Retail lots expected to settle in the future.

103

Mirvac FY23 Property Compendium

Residential Development Victoria

THE ALBERTINE, 31 QUEENS ROAD

MELBOURNE, VIC

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The Albertine is a permit approved site with park frontage and CBD/park views situated in Melbourne’s city fringe. Mirvac Design has reimagined the space to include 98 luxury apartments benefiting from several resident amenities including resident's pool, gym, sauna, lounge, secret garden and elevated dining/lounge area with expansive views over Albert Park Lake. It is anticipated to be launched to market late-2023.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE May-22
LOCATION Melbourne
PROJECT VALUE (INCL. GST) [1] TBC
TOTAL LOTS [1] 98
RESIDENTIAL LOTS SETTLEMENT PERIOD FY26
OWNERSHIP STRUCTURE 100% Mirvac
----- End of picture text -----

Note: Image is an artist impression, final design may differ from above image.

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

104

Mirvac FY23 Property Compendium

Residential Development Victoria

THE FABRIC, BLACKSHAWS ROAD

ALTONA NORTH, VIC

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The Fabric is an 11.4 hectare urban infill site located in Altona North, nine kilometres west of Melbourne’s CBD. The masterplan comprises a total of over 550 dwellings offering 2, 3 and 4- bedroom townhouses and mid-rise apartments. The Fabric townhouses achieve a strong, contemporary architectural style and deliver sustainable outcomes for residents with all townhouses achieving a 7-star energy rating and provisioned with solar panels and fully electric appliances. Over one hectare of public open space will be delivered, including a main local park, a pocket park and linear trails linking green areas throughout the development.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Jul-20
LOCATION Altona North
PROJECT VALUE (INCL. GST) [1] $481.3m
TOTAL LOTS [1] 587
RESIDENTIAL LOTS SETTLEMENT PERIOD FY22-FY30
OWNERSHIP STRUCTURE 100% Mirvac
----- End of picture text -----

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

105

Mirvac FY23 Property Compendium

Residential Development Victoria

OLIVINE, DONNYBROOK ROAD

DONNYBROOK, VIC

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Olivine is located approximately 30 kilometres north of Melbourne’s CBD in Donnybrook within the City of Whittlesea municipality. The masterplanned community spans 465 hectares and is expected to deliver circa 4,500 lots over approximately 20 years. Olivine is expected to become home to approximately 11,000 residents and will include a new local town centre, education facilities, health, sports and community infrastructure, whilst 30% of the site will be dedicated to open space and conservation. Hume Anglican Grammar Donnybrook is currently open with students across Prep to Grade 6 and will ultimately expand to a Prep – Year 12 school. The Olivine Community Hub, encompassing a social enterprise café, community space and sales office, opened in 2020, in parallel with Gumnut Adventure Park. The nine hectare active open space precinct is expected to be ready for use in late 2023. The Donnybrook Government Primary School opened in Term 1, 2023. This will complement the planned opening of Wallaby Early Learning and Childcare centre in late 2023 and the new 66 place kindergarten, which opened in Term 1, 2022.

Summary Information - In Progress

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

ACQUISITION/AGREEMENT DATE Jun-12
LOCATION Donnybrook
PROJECT VALUE (INCL. GST) [1] $1,826.9m
TOTAL LOTS [1] 4,623
RESIDENTIAL LOTS SETTLEMENT PERIOD FY18-FY38
OWNERSHIP STRUCTURE Combination of balance sheet and DMA with Boral
----- End of picture text -----

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

106

Mirvac FY23 Property Compendium

Residential Development Victoria

PRINCE AND PARADE, 699 PARK STREET

BRUNSWICK, VIC

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Prince and Parade is an apartment site located in the inner northern suburb of Brunswick, situated four kilometres north of Melbourne’s CBD and with direct frontage to Princes Park. The proposed development features 166 luxury apartments across 2 buildings and a combined 2 storey basement with adaptable resident amenity on the ground floor. With landscaping a key focus, the project features a central landscaped courtyard, a level 8 roof top and a publicly accessible link through the site connecting to Princes Park. The project also includes a ground floor café and two commercial spaces. The project has recently received planning approval, with the market launch expected later in the year.

Summary Information - In Progress

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

ACQUISITION/AGREEMENT DATE Jun-21
LOCATION Brunswick
PROJECT VALUE (INCL. GST) [1] TBC
TOTAL LOTS [1] 166
RESIDENTIAL LOTS SETTLEMENT PERIOD FY26
OWNERSHIP STRUCTURE 100% Mirvac
----- End of picture text -----

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

107

Mirvac FY23 Property Compendium

Residential Development Victoria

SMITHS LANE, SMITHS LANE

CLYDE NORTH, VIC

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Smiths Lane is a 260-hectare site located approximately 55 kilometres south-east of the Melbourne CBD in Clyde North in the City of Casey growth area. The masterplanned community is expected to deliver over 3,100 lots over ten years and be home to over 7,500 residents, with over 56 hectares of public open space planned. It will include a new local town centre, a government primary school, a private primary and secondary school, two active open space precincts with sporting ovals, seven local parks, community facility, wetlands and walking and cycle trails along Cardinia Creek. In 2022, Mirvac entered into an agreement to deliver the Smiths Lane project in partnership with Supalai PCL, a Thai property developer.

Summary Information - In Progress

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

ACQUISITION/AGREEMENT DATE Nov-11
LOCATION Clyde North
PROJECT VALUE (INCL. GST) [1] $1,557.7m
TOTAL LOTS [1] 3,186
RESIDENTIAL LOTS SETTLEMENT PERIOD FY19-FY29
Combination of 100% Mirvac and 50/50 Joint Operation with
OWNERSHIP STRUCTURE
Supalai
----- End of picture text -----

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

108

Mirvac FY23 Property Compendium

Residential Development Victoria

TULLAMORE, DONCASTER ROAD

DONCASTER, VIC

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Tullamore is a 47 hectare infill development, comprising vacant land, integrated housing and residential apartments. Located 13 kilometres from Melbourne's CBD, Tullamore is nestled among the highly sought after suburb of Doncaster. Formally the Eastern Golf Course, the project is within close proximity to leading retail, education and transport hubs. Near 30% of Tullamore is devoted to green open spaces, with parks, playgrounds, picnic areas, exercise equipment and walking tracks. The Stables Provedore Café and Next Gen Health and Lifestyle club are both repurposed heritage buildings providing superior on site amenity to the community. Tullamore is set for completion in 2024 and will comprise more than 900 residences at completion. The third and final apartment building Forme was completed in 2023.

Summary Information - In Progress

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

ACQUISITION/AGREEMENT DATE Jul-15
LOCATION Doncaster
PROJECT VALUE (INCL. GST) [1] $891.1m
TOTAL LOTS [1] 913
RESIDENTIAL LOTS SETTLEMENT PERIOD FY16-FY24
OWNERSHIP STRUCTURE 100% Mirvac
----- End of picture text -----

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

109

Mirvac FY23 Property Compendium

Residential Development Victoria

WANTIRNA SOUTH, GEORGE STREET

WANTIRNA SOUTH, VIC

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Wantirna South is a 171 hectare site located approximately 25 kilometres south-east of the Melbourne CBD. In June 2019, Mirvac and Boral agreed jointly to develop the quarry and brickworks site into a future masterplanned community. The development of this site will include both the rehabilitation from its previous quarrying and brick production use and the rezoning and subsequent subdivision. It is envisaged the community will comprise over 1,700 lots, with the masterplan allowing for a mix of residential land and smaller format townhouses, as well as a potential mixed-use zone comprising of a retail offering and higher density affordable housing. It is anticipated that the community will include over 66 hectares of new parkland, designed to invite and extend the adjacent Dandenong Valley Parklands into the site, and over 12 hectares of local public open space.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Jun-19
LOCATION Wantirna South
PROJECT VALUE (INCL. GST) [1] $1,357.4m
TOTAL LOTS [1] 1,717
RESIDENTIAL LOTS SETTLEMENT PERIOD FY26-FY36
OWNERSHIP STRUCTURE PDA with Boral
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Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

110

Mirvac FY23 Property Compendium

Residential Development Victoria

WAVERLEY PARK, GOODISON COURT

MULGRAVE, VIC

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Waverley Park is a masterplanned community located in the south-eastern suburb of Mulgrave, approximately 23 kilometres from Melbourne’s CBD. The site, which is over 80 hectares, was previously an Australian Rules Football venue. The oval, and a portion of the stadium, have been retained and converted into a retail precinct and sporting facilities. The 6.8 hectare lake and wetlands amenity, including an adventure playground, opened to the public in mid-2021. Mirvac’s first GBCA Green Star Certified home sold in early 2023, marking the sale of the final home at Waverley Park.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Dec-01
LOCATION Mulgrave
PROJECT VALUE (INCL. GST) [1] $785.2m
TOTAL LOTS [1] 1,319
RESIDENTIAL LOTS SETTLEMENT PERIOD FY04-FY23
OWNERSHIP STRUCTURE 100% Mirvac
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Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

111

Mirvac FY23 Property Compendium

Residential Development Victoria

WOODLEA, LEAKES ROAD AINTREE AND BONNIEBROOK, VIC

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Woodlea is a 711 hectare, greenfield masterplanned community, situated 29 kilometres west of Melbourne’s CBD in Aintree and Bonnie Brook (formerly Rockbank) within the City of Melton municipality. The development comprises land lots as well as a townhouse product built by Mirvac. Upon completion, the community will accommodate approximately 20,000 residents, with 14,500 already residing at Woodlea. Community amenity includes a Local Town Centre (Woodlea Town), 14 established parks (including a dog park, adventure park and sporting precinct), private childcare and Council community hub. Woodlea is also home to a number of schools, all at full capacity, with expansion plans underway as well as an additional State Government Secondary School currently under construction. Next to the Local Town Centre is the 7-hectare Lifestyle Community Village, providing a downsizer product within the heart of Woodlea.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Nov-06
LOCATION Aintree / Bonnie Brook
PROJECT VALUE (INCL. GST) [1] $2,018.6m
TOTAL LOTS [1] 6,501
RESIDENTIAL LOTS SETTLEMENT PERIOD FY16-FY32
OWNERSHIP STRUCTURE 50% Mirvac 50% Jayaland Corporation
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Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

112

Mirvac FY23 Property Compendium

Residential Development Victoria

YARRA'S EDGE, LORIMER STREET

DOCKLANDS, VIC

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Yarra’s Edge is a 14 hectare site located on the north facing bank of the Yarra River in Melbourne's Docklands. Mirvac commenced works at Yarra's Edge in 1999 and on completion, the precinct will include around 2,300 dwellings, with a component of retail, commercial space and a marina. The next premium residential offering at Yarra's Edge, Trielle (Tower 9), was launched in March 2023 and is anticipated to start construction in late 2023.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Various (from 2004)
LOCATION Docklands
PROJECT VALUE (INCL. GST) [1] $1,601.4m
TOTAL LOTS [1] 1,526
RESIDENTIAL LOTS SETTLEMENT PERIOD FY05-FY28
OWNERSHIP STRUCTURE 100% Mirvac
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Note: Image is an artist impression, final design may differ from above image.

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

113

Mirvac FY23 Property Compendium

Residential

WESTERN AUSTRALIA

Mirvac Share Expected Revenue[1] $0.7 billion

Pipeline Lots[2] 1,368 lots

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Masterplanned
Communities 37%
Apartments 63%
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Masterplanned
Communities 74%
Apartments 26%
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In Progress

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Represents Mirvac's share of expected future revenue subject to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Includes GST. Subject to rounding.
Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties.
Settlement dates may vary as circumstances change, due to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Settlements relate to residential lots only.
Construction progress as a percentage of cost, which includes land subdivision but not land acquisition.

114

Mirvac FY23 Property Compendium

Residential Development Western Australia

HENLEY BROOK, PARK STREET

HENLEY BROOK, WA

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Henley Brook is a masterplanned community located 22 kilometres north-east of the Perth CBD in Perth’s fastest growing corridor and within the municipality of the City of Swan. The 44-hectare site will comprise over 800 land lots[1] .

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Nov-18
LOCATION Henley Brook
PROJECT VALUE (INCL. GST) [1] $226.3m
TOTAL LOTS [1] 840
RESIDENTIAL LOTS SETTLEMENT PERIOD FY22-FY29
OWNERSHIP STRUCTURE 100% Mirvac
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Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

115

Mirvac FY23 Property Compendium

Residential Development

Western Australia

ILUMA PRIVATE ESTATE, MARSHALL ROAD

BENNETT SPRINGS, WA

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Iluma Private Estate is a masterplanned community within the City of Swan’s urban growth corridor, approximately 15 kilometres north-east of Perth’s CBD. The 44-hectare site will ultimately provide over 650 residential dwellings[1] linked by a series of central linear public open spaces and parks.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Dec-14
LOCATION Bennett Springs
PROJECT VALUE (INCL. GST) [1] $182.1m
TOTAL LOTS [1] 690
RESIDENTIAL LOTS SETTLEMENT PERIOD FY18-FY25
OWNERSHIP STRUCTURE 100% Mirvac
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Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

116

Mirvac FY23 Property Compendium

Residential Development Western Australia

MADOX, NICHOLSON ROAD

PIARA WATERS, WA

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Madox is a masterplanned community located 22 kilometres south east of the Perth CBD and is intended to deliver close to 400 lots[1] . The central open space has now been completed and the public primary school located within Madox opened in January 2022.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Feb-16
LOCATION Piara Waters
PROJECT VALUE (INCL. GST) [1] $119.6m
TOTAL LOTS [1] 398
RESIDENTIAL LOTS SETTLEMENT PERIOD FY18-FY24
OWNERSHIP STRUCTURE 100% Mirvac
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Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

117

Mirvac FY23 Property Compendium

Residential Development

Western Australia

ONE71 BALDIVIS, BALDIVIS ROAD

BALDIVIS, WA

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One71 Baldivis is a masterplanned community located 40 minutes from Perth’s CBD in the southwest corridor. The site is approximately 30 hectares and is expected to contain over 400 lots[1] at completion.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Dec-13
LOCATION Baldivis
PROJECT VALUE (INCL. GST) [1] $75.1m
TOTAL LOTS [1] 412
RESIDENTIAL LOTS SETTLEMENT PERIOD FY16-FY28
OWNERSHIP STRUCTURE 100% Mirvac
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Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

118

Mirvac FY23 Property Compendium

Residential Development Western Australia

THE PENINSULA, THE CIRCUS

BURSWOOD, WA

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This 17 hectare site is located within the town of Victoria Park on the Burswood Peninsula, approximately five kilometres east of Perth’s CBD and strategically located near the Crown Casino and Optus Stadium. To date, Mirvac has delivered five apartment towers, a series of midrise buildings, as well as land and built form lots. The newest stage, Ador by Mirvac, is a boutique apartment project consisting of 82 luxury apartments, located on the western edge of Mirvac’s master planned community, The Peninsula Burswood. In 2022, Burswood won both the Precinct Rejuvenation and Pioneering categories in the WA Apartment Advocacy awards.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Feb-03
LOCATION Burswood
PROJECT VALUE (INCL. GST) [1] $980.8m
TOTAL LOTS [1] 794
RESIDENTIAL LOTS SETTLEMENT PERIOD FY07-FY29
OWNERSHIP STRUCTURE 100% Mirvac
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Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

119

Investment Ofice Industrial R etetet a ililil Build to Rent Build to RentBuild to Rent Funds

Development Commercial & Mixed Use ResidentialCommercial & Mixed Use ResidentialCommercial & Mixed Use Residential Important Notice Contact Us Important Notice Contact Us 12018

etetet a ililil Build to Rent Build to RentBuild to Rent Funds Development Funds Development Commercial & Mixed Use ResidentialCommercial & Mixed Use ResidentialCommercial & Mixed Use Residential

FY23 PROPERTY COMPENDIUM

Important Notice

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Mirvac Group comprises Mirvac Limited (ABN 92 003 280 699) and Mirvac Property Trust (ARSN 086 780 645). This Property Compendium has been prepared by Mirvac Limited and Mirvac Funds Limited (ABN 70 002 561 640, AFSL number 233121) as the responsible entity of Mirvac Property Trust (collectively “Mirvac” or “Mirvac Group”). Mirvac Limited is the issuer of Mirvac Limited ordinary shares and Mirvac Funds Limited is the issuer of Mirvac Property Trust ordinary units, which are stapled together as Mirvac Group stapled securities. All dollar values are in Australian dollars (A$).

The information contained in this Property Compendium has been obtained from or based on sources believed by Mirvac Group to be reliable. To the maximum extent permitted by law, Mirvac, its affiliates, officers, employees, agents and advisors do not make any warranty, express or implied, as to the currency, accuracy, reliability or completeness of the information in this Property Compendium or that the information is suitable for your intended use and disclaim all responsibility and liability for the information (including, without limitation, liability for negligence).

This Property Compendium is not financial advice or a recommendation to acquire Mirvac Group stapled securities and has been prepared without taking into account the objectives, financial situation or needs of individuals.

Before making an investment decision prospective investors should consider the appropriateness of the information in this Property Compendium and Mirvac Group’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange having regard to their own objectives, financial situation and needs and seek such legal, financial and/or taxation advice as they deem necessary or appropriate to their jurisdiction.

To the extent that any general financial product advice in respect of the acquisition of Mirvac Property Trust units as a component of Mirvac Group stapled securities is provided in this Property Compendium, it is provided by Mirvac Funds Limited. Mirvac Funds Limited and its related bodies corporate, and their associates, will not receive any remuneration or benefits in connection with that advice. Directors and employees of Mirvac Funds Limited do not receive specific payments of commissions for the authorised services provided under its Australian Financial Services Licence. They do receive salaries and may also be entitled to receive bonuses, depending upon performance. Mirvac Funds Limited is a wholly owned subsidiary of Mirvac Limited.

This Property Compendium contains certain “forward looking” statements. The words “anticipated”, “expected”, “projections”, “forecast”, “estimates”, “could”, “may”, “target”, “consider” and “will” and other similar expressions are intended to identify forward looking statements. Forward looking statements, opinions, valuations and estimates provided in this Property Compendium are based on assumptions and contingencies which are subject to change without notice, as are statements about market and industry trends, which are based on interpretations of current market conditions. Forwardlooking statements including projections, indications or guidance on future earnings or financial position and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. There can be no assurance that actual outcomes will not differ materially from these statements. To the full extent permitted by law, Mirvac Group and its directors, officers, employees, advisers, agents and intermediaries disclaim any obligation or undertaking to release any updates or revisions to the information to reflect any change in expectations or assumptions.

An investment in Mirvac Group stapled securities is subject to investment and other known and unknown risks, some of which are beyond the control of Mirvac Group, including possible delays in repayment and loss of income and principal invested. Mirvac does not guarantee any particular rate of return or the performance of Mirvac Group nor does it guarantee the repayment of capital from Mirvac Group or any particular tax treatment.

Past performance information given in this Property Compendium is given for illustrative purposes only and should not be relied upon as (and is not) an indication of future performance.

This Property Compendium is not an offer or an invitation to acquire Mirvac Group stapled securities or any other financial products and is not a prospectus, product disclosure statement or other offering document under Australian law or any other law. It is for information purposes only.

The information contained in this Property Compendium is dated 30 June 2023 unless otherwise stated.

Investment Office Industrial Retail Build to Rent Funds Development Commercial & Mixed Use Residential

Important Notice Contact Us 121

FY23 PROPERTY COMPENDIUM

Contact Us

Level 28, 200 George Street Sydney NSW 2000

@mirvac mirvac.com +61 2 9080 8000 [email protected]

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Iluma Private Estate, Perth

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AI assistant

MIRVAC GROUP — Annual Report 2023

65328_rns_2023-08-15_34c19ea7-259d-4968-9734-f6cf7833c413.pdf

Mirvac is a leading, diversified Australian property group

Reimagine Urban Life

NSW

VIC Victoria

Investment

Investment Overview

Property Portfolio

Property Portfolio Diversification

Sector Diversification[6]

Geographic Diversification[7]

Lease Expiry Profile[8]

Total Portfolio

Office

Office

Grade Diversification[1]

Geographic Diversification[2]

Investment Property Office

101-103 MILLER STREET

NORTH SYDNEY, NSW

Summary Information

Investment Property Office

40 MILLER STREET

NORTH SYDNEY, NSW

Investment Property Office

10-20 BOND STREET SYDNEY, NSW

Summary Information

Investment Property Office

275 KENT STREET SYDNEY, NSW

Summary Information

Investment Property Office

SOUTH EVELEIGH PRECINCT

EVELEIGH, NSW

Summary Information

Investment Property Office

75 GEORGE STREET

PARRAMATTA, NSW

Summary Information

Lease Expiry Profile % Income

Investment Property Office

1 DARLING ISLAND PYRMONT, NSW

Summary Information

Investment Property Office

65 PIRRAMA ROAD

PYRMONT, NSW

Summary Information

Investment Property Office

699 BOURKE STREET

MELBOURNE, VIC

Summary Information

Investment Property Office

90 COLLINS STREET

MELBOURNE, VIC

Summary Information

Investment Property Office

OLDERFLEET 477 COLLINS STREET

MELBOURNE, VIC

Investment Property Office

664 COLLINS STREET

MELBOURNE, VIC

Summary Information

Investment Property Office

383 LA TROBE STREET

MELBOURNE, VIC

Investment Property Office

380 ST KILDA ROAD

MELBOURNE, VIC

Summary Information

Investment Property Office

RIVERSIDE QUAY

SOUTHBANK, VIC

Summary Information

Investment Property Office

2 RIVERSIDE QUAY SOUTHBANK, VIC

Summary Information

Investment Property Office

23 FURZER STREET PHILLIP, ACT

Summary Information

MIRVAC GROUP Annual Report 2023