MIRVAC GROUP - Fund Information / Factsheet 2009

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mirvac group

property compendium

30 june 2009

investment

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development
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mirvac group PROPERTY COMPENDIUM 01

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core divisions investment development

ephraim island, qld

02 mirvac group PROPERTY COMPENDIUM

investment $3.7 Billion

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investment 58 investment grade assets indirect real estate investments

60 margaret street, sydney, nsw

04 mirvac group PROPERTY COMPENDIUM

investment

60 margaret street, sydney, nsw

MIRVAC PROPERTY TRUST PORTFOLIO REPOSITIONING

12 montHS to june 2009

				30 JuNE 09	30 JuNE 09
DEvELopmENT compLETioNS	LocaTioN	SEcTor	TraNSfEr DaTE	BooK vaLuE	cap raTE
Nexus Industrial Park HPM	Prestons, NSW	Industrial	Jul 08	15.5	8.25%
Moonee Ponds – Stage 2	Moonee Ponds, VIC	Retail	Mar 09	38.7	8.50%
5 Rider Boulevard	Rhodes, NSW	Commercial	Jan 09	104.8	7.75%

ToTaL

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MIRVAC PROPERTY TRUST PORTFOLIO EXPIRY PROFILE [ 1] i
70 AREA % 70 AREA %
60 60
50 50
40 40
30 30
20 20
10 10
TOTAL PORTFOLIO 0 RETAIL PORTFOLIO 0
1,049,021 sqm 467,430 sqm
WALE 5.78 years WALE 5.89 years
70 AREA % 70 AREA %
60 60
50 50
40 40
30 30
20 20
COMMERCIAL 10 INDUSTRIAL 10
PORTFOLIO 0 PORTFOLIO 0
359,634 sqm 221,957 sqm
WALE 6.05 years WALE 5.09 years
VACANT FY10 FY11 FY12 FY13 FY14 BEYOND VACANT FY10 FY11 FY12 FY13 FY14 BEYOND
VACANT FY10 FY11 FY12 FY13 FY14 BEYOND VACANT FY10 FY11 FY12 FY13 FY14 BEYOND
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1 BY AREA AS AT 30 JUNE 2009.

MIRVAC PROPERTY TRUST PORTFOLIO DIVERSIFICATION

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		SECTOR
	DIVERSIFICATION		1
■	COMMERCIAL	44.4%
■	INDUSTRIAL	7.3%
■	RETAIL	40.3%
■	OTHER	2.8%	3
■	INDIRECT PROPERTY
	INVESTMENTS	5.2%

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		GEOGRAPHIC
		DIVERSIFICATION	2
■	NSW	53.8%
■	VIC	22.1%
■	QLD	16.5%
■	WA	0.8%
■	ACT	5.6%
■	US	1.2%

1 BY BOOK VALUE AS AT 30 JUNE 2009. EXCLUDES DEVELOPMENT ASSETS.

2 BY BOOK VALUE AS AT 30 JUNE 2009. EXCLUDES DEVELOPMENT ASSETS AND INDIRECT PROPERTY INVESTMENTS. 3 OTHER – INCLUDES HOTELS AND CARPARKS.

06 mirvac group PROPERTY COMPENDIUM

commercial portfolio

INVESTMENT

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one darling island, pyrmont, nsw
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GRADE

DIVERSIFICATION[1]

■	PREMIUM	11.0%
■	AGRADE	75.3%
■	BGRADE	12.1%
■	C GRADE	1.6%

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GEOGRAPHIC DIVERSIFICATION[1]

■	NSW	57.9%
■	VIC	21.8%
■	QLD	8.3%
■	ACT	12.0%

1 BY BOOK VALUE AS AT 30 JUNE 2009. EXCLUDES DEVELOPMENT ASSETS AND INDIRECT PROPERTY INVESTMENTS.

					07 i
			% of
			commErciaL
			porTfoLio	groSS	vaLuaTioN aT
propErTy	LocaTioN	NLa	BooK vaLuE1	officE rENT	30 JuN 09
101 – 103 Miller Street	North Sydney,NSW	37,758 sqm	11.0%	$591/sqm	$176.0m2
One DarlingIsland	Pyrmont,NSW	22,197 sqm	10.1%	$476/sqm	$161.0m
60 Margaret Street	Sydney,NSW	40,567 sqm	10.4%	$669/sqm	$166.3m2
40 Miller Street	North Sydney,NSW	12,664 sqm	5.6%	$590/sqm	$90.0m
BayCentre Pirrama Road	Pyrmont,NSW	15,972 sqm	6.1%	$489/sqm	$98.0m
1 Castlereagh Street	Sydney,NSW	11,637 sqm	4.0%	$577/sqm	$64.3m
190 George Street	Sydney,NSW	9,498 sqm	2.4%	$427/sqm	$39.0m
200 George Street	Sydney,NSW	5,579 sqm	1.6%	$421/sqm	$25.0m
5 Rider Boulevard	Rhodes,NSW	25,198 sqm	6.6%	$330/sqm	$104.8m
St George Centre,60 Marcus Clarke Street	Canberra,ACT	12,165 sqm	3.3%	$435/sqm	$52.0m
38 SydneyAvenue	Forrest,ACT	9,099 sqm	2.3%	$411/sqm	$37.5m
Aviation House,16 Furzer Street	Canberra,ACT	14,828 sqm	4.2%	$376/sqm	$67.0m
54 Marcus Clarke Street	Canberra,ACT	5,276 sqm	1.1%	$361/sqm	$17.0m
Booz & Co Building,10 Rudd Street	Canberra,ACT	4,736 sqm	1.2%	$433/sqm	$18.7m
189 GreyStreet	South Bank,QLD	12,728 sqm	4.1%	$360/sqm	$65.0m
John OxleyCentre,339 Coronation Drive	Brisbane,QLD	13,172 sqm	3.4%	$368/sqm	$54.0m
Mojo Building,164 GreyStreet	South Bank,QLD	3,079 sqm	0.9%	$507/sqm	$14.0m
Riverside QuaySouthbank	Melbourne,VIC	31,555 sqm	7.7%	$398/sqm	$123.3m
Royal Domain Centre,380 St Kilda Road	Melbourne,VIC	24,616 sqm	6.4%	$363/sqm	$101.5m
Como Centre,Cnr Toorak Road & Chapel Street	South Yarra,VIC	25,547 sqm	4.8%	$372/sqm	$76.8m
191–197 Salmon Street	Port Melbourne,VIC	21,762 sqm	2.9%	$356/sqm	$46.5m2
ToTaL		359,634 sqm	100.0%		$1,597.6m1
WEIGHTED AVERAGE LEASE EXPIRY					6.05 YEARS
OCCUPANCY					98.1%

1 BOOK VALUE AS AT 30 JUNE 2009. EXCLUDES DEVELOPMENT PROJECTS. 2 BOOK VALUE REPRESENTS 50% INTEREST.

08 mirvac group PROPERTY COMPENDIUM

commercial portfolio

INVESTMENT

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101 – 103 miller street, north sydney, nsw

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one darling island, pyrmont, nsw

DEScripTioN

This is a landmark premium grade office tower and major retail centre, is located 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 a major refurbishment in 2008. The building was the first existing tower to achieve a 5 star GreenStar rating and is designed to achieve a 5 star NABERS rating.

Developed by Mirvac in 2006, this A Grade office campus comprises six office floors, with two basement parking levels. Situated on the CBD fringe close to the waterfront, the building features large floors of greater than 4,400 sqm and has achieved a 4.5 star NABERS rating.

Summary iNformaTioN

Summary iNformaTioN
GRADE		Premium Grade
OWNERSHIP		50% MPT, 50% EUREKA
NLA		37,758 sqm
CAR SPACES		561
ACQUISITION DATE		Jun 94
VALUATION AT 30 JUN 09		$176.0m
VALUER		DIRECTORS VALUATION
LAST EXTERNAL VALUATION	DATE	31 Dec 08
CAPITALISATION RATE		6.50%
DISCOUNT RATE		8.75%
GROSS OFFICE RENT		$591/sqm
maJor TENaNTS	NLa SQm	LEaSE EXpiry
RTA	15,614	Jul 16
COMMONWEALTH
OF AUSTRALIA	7,492	Jul 18

Summary iNformaTioN
GRADE		A Grade
OWNERSHIP		100% MPT
NLA		22,197 sqm
CAR SPACES		160
ACQUISITION DATE		Apr 04
VALUATION AT 30 JUN 09		$161.0m
VALUER		DIRECTORS VALUATION
LAST EXTERNAL VALUATION	DATE	31 Dec 08
CAPITALISATION RATE		7.00%
DISCOUNT RATE		9.25%
GROSS OFFICE RENT		$476/sqm
maJor TENaNTS	NLa SQm	LEaSE EXpiry
JOHN FAIRFAX HOLDINGS	22,197	Jun 27

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 4.3%	VACANCY 0.0%
FY10 0.0%	FY10 0.0%

FY11 0.0%	FY11 0.0%
FY12 0.0%	FY12 0.0%
FY13 0.9%	FY13 0.0%
FY14 22.0%	FY14 0.0%
BEYOND 72.8%	BEYOND 100.0%
WALE 6.74 YEARS	WALE 18.01 YEARS

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60 margaret street, sydney, nsw

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40 miller street, north sydney, nsw

DEScripTioN

This iconic building is situated in the heart of the Sydney CBD and comprises 36 levels of office accommodation and three levels of retailing with direct access to Wynyard Railway Station and Bus Terminal. Developed in 1980, the complex has been progressively refurbished and is the head office of Mirvac Group.

DEScripTioN

Developed by Mirvac in 2000, the building is located adjacent to North Sydney Railway Station and enjoys commanding views of the harbour from all 11 commercial levels. Outdoor balconies provide an additional amenity for building occupiers.

Summary iNformaTioN

Summary iNformaTioN	Summary iNformaTioN
GRADE A Grade	GRADE A Grade
OWNERSHIP 50% MPT, 50% MTAA	OWNERSHIP 100% MPT
NLA 40,567 sqm	NLA 12,664 sqm
CAR SPACES 141	CAR SPACES 110
ACQUISITION DATE Aug98	ACQUISITION DATE Mar 98
VALUATION AT 30 JUN 09 $166.3m	VALUATION AT 30 JUN 09 $90.0m
VALUER DIRECTORS VALUATION	VALUER DIRECTORS VALUATION
LAST EXTERNAL VALUATION DATE 31 Dec 08	LAST EXTERNAL VALUATION DATE 30 Jun 08
CAPITALISATION RATE 6.50%	CAPITALISATION RATE 7.50%
DISCOUNT RATE 8.50%	DISCOUNT RATE 9.00%
GROSS OFFICE RENT $669/sqm	GROSS OFFICE RENT $590/sqm
maJor TENaNTS NLa SQm LEaSE EXpiry	maJor TENaNTS NLa SQm LEaSE EXpiry
MIRVAC 8,173 Sep15	UNITED GROUP LIMITED 10,935 Nov 15
REUTERS AUSTRALIA 5,384 Feb 15	TIBCO SOFTWARE AUST 980 Oct 12

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 0.0%	VACANCY 0.0%
FY10 14.5%	FY10 7.7%
FY11 5.2%	FY11 0.7%
FY12 22.1%	FY12 1.7%
FY13 9.2%	FY13 3.5%
FY14 3.2%	FY14 0.0%
BEYOND 45.8%	BEYOND 86.3%
WALE 4.24 YEARS	WALE 5.64 YEARS

10 mirvac group PROPERTY COMPENDIUM

commercial portfolio

INVESTMENT

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Bay centre pirrama road, darling harBour, nsw

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1 castlereagh street, sydney, nsw

DEScripTioN

Developed by Mirvac in 2002, the building comprises five office levels and is located adjacent to Darling Harbour. The building has large floor plates in excess of 3,000 sqm with harbour and city views from all levels.

The building has recently achieved a 5 star NABERS rating.

DEScripTioN

Located in the centre of Sydney’s financial core, the building offers modern office accommodation with 549 sqm floor plates and direct natural light on three sides. The 21 level building was fully refurbished in 1992 with further partial refurbishment completed in 2007.

Summary iNformaTioN

Summary iNformaTioN	Summary iNformaTioN
GRADE A Grade	GRADE B Grade
OWNERSHIP 100% MPT	OWNERSHIP 100% MPT
NLA 15,972 sqm	NLA 11,637 sqm
CAR SPACES 127	CAR SPACES 52
ACQUISITION DATE Jun 01	ACQUISITION DATE Dec 98
VALUATION AT 30 JUN 09 $98.0m	VALUATION AT 30 JUN 09 $64.3m
VALUER DIRECTORS VALUATION	VALUER CBRE
LAST EXTERNAL VALUATION DATE 31 Mar 08	LAST EXTERNAL VALUATION DATE 30 Jun 09
CAPITALISATION RATE 7.50%	CAPITALISATION RATE 8.00%
DISCOUNT RATE 9.00%	DISCOUNT RATE 9.50%
GROSS OFFICE RENT $489/sqm	GROSS OFFICE RENT $577/sqm
maJor TENaNTS NLa SQm LEaSE EXpiry	maJor TENaNTS NLa SQm LEaSE EXpiry
IAG 11,803 Oct 13	I00F GLOBAL ONE 2,744 Apr 10
VEOLIA 3,097 Dec 12	HAY GROUP 550 Jul 10

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 0.0%	VACANCY 3.3%
FY10 3.0%	FY10 36.3%

FY11 0.0%	FY11 13.8%
FY12 0.0%	FY12 15.5%
FY13 20.1%	FY13 12.0%
FY14 73.9%	FY14 7.6%
BEYOND 3.0%	BEYOND 11.5%
WALE 4.10 YEARS	WALE 5.57 YEARS

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190 george street, sydney, nsw

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200 george street, sydney, nsw

DEScripTioN

This is a strategic holding, giving Mirvac a presence in a prominent area of the Sydney CBD, which has potential for commercial redevelopment. The site has been consolidated with the adjoining building owned by Mirvac.

DEScripTioN

Summary iNformaTioN

Summary iNformaTioN	Summary iNformaTioN
GRADE B Grade	GRADE C Grade
OWNERSHIP 100% MPT	OWNERSHIP 100% MPT
NLA 9,498 sqm	NLA 5,579 sqm
CAR SPACES 30	CAR SPACES 15
ACQUISITION DATE Aug03	ACQUISITION DATE Oct 01
VALUATION AT 30 JUN 09 $39.0m	VALUATION AT 30 JUN 09 $25.0m
VALUER DIRECTORS VALUATION	VALUER DIRECTORS VALUATION
LAST EXTERNAL VALUATION DATE 30 Jun 08	LAST EXTERNAL VALUATION DATE 30 Jun 08
CAPITALISATION RATE 8.00%	CAPITALISATION RATE 8.25%
DISCOUNT RATE 9.25%	DISCOUNT RATE 9.50%
GROSS OFFICE RENT $427/sqm	GROSS OFFICE RENT $421/sqm
maJor TENaNTS NLa SQm LEaSE EXpiry	maJor TENaNTS NLa SQm LEaSE EXpiry
CLIFTONS 3,405 Dec 09/Mar 10	CLIFTONS 1,787 Feb 10/Dec 09
DOWNER EDI LTD 1,703 Aug11	ARAB BANK 1,226 Dec 14

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 0.0%	VACANCY 0.0%
FY10 59.7%	FY10 52.6%
FY11 13.4%	FY11 17.5%
FY12 26.9%	FY12 0.0%
FY13 0.0%	FY13 6.1%
FY14 0.0%	FY14 1.9%
BEYOND 0.0%	BEYOND 22.0%
WALE 1.25 YEARS	WALE 2.04 YEARS

12 mirvac group PROPERTY COMPENDIUM

commercial portfolio

INVESTMENT

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5 rider Boulevard, rhodes, nsw

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st george centre 60 marcus clarke street, canBerra, act

DEScripTioN

5 Rider Boulevard is located within the Rhodes Waterside Development. The property comprises a modern 14 level commercial office building including four levels of basement security parking providing 495 car spaces. The building is designed to achieve a 4.5 star NABERS rating.

DEScripTioN

The St George Centre is one of Canberra’s landmark buildings and was constructed in 1988. It comprises 13 office levels, undercover parking to the rear and a four level annex providing podium floors of 1,300 sqm and tower floors of 900 sqm.

Summary iNformaTioN

Summary iNformaTioN
GRADE		A Grade
OWNERSHIP		100% MPT
NLA		25,198 sqm
CAR SPACES		495
ACQUISITION DATE1		Jan 07
VALUATION AT 30 JUN 09		$104.8m
VALUER		DIRECTORS VALUATION
LAST EXTERNAL VALUATION DATE		28 Feb 09
CAPITALISATION RATE		7.75%
DISCOUNT RATE		9.50%
GROSS OFFICE RENT		$330/sqm
maJor TENaNTS	NLa SQm	LEaSE EXpiry
ALCATEL –	2,466 &	Dec 09 /
LUCENT AUSTRALIA LIMITED	15,415	Dec 18
FOSTERS AUSTRALIA LIMITED	3,682	Nov 15

Summary iNformaTioN
GRADE		A Grade
OWNERSHIP		100% MPT
NLA		12,165 sqm
CAR SPACES		134
ACQUISITION DATE		Sep89
VALUATION AT 30 JUN 09		$52.0m
VALUER		HTW
LAST EXTERNAL VALUATION	DATE	30 Jun 09
CAPITALISATION RATE		8.50%
DISCOUNT RATE		9.00%
GROSS OFFICE RENT		$435/sqm
maJor TENaNTS	NLa SQm	LEaSE EXpiry
DEST	1,331	Apr 11
ST GEORGE BANK	1,321	Oct 10

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 0.0%	VACANCY 7.8%
FY10 9.8%	FY10 14.2%

FY11 0.0%	FY11 34.0%
FY12 0.0%	FY12 10.8%
FY13 1.7%	FY13 8.0%
FY14 0.0%	FY14 16.2%
BEYOND 88.5%	BEYOND 8.9%
WALE 7.64 YEARS	WALE 2.38 YEARS

1 DEVELOPMENT COMPLETED IN JANUARY 2009.

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38 sydney avenue, forrest, act

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aviation house 16 furzer street, canBerra, act

DEScripTioN

Purpose built in 1997 for DOCITA, the building comprises four office levels, with excellent natural light and large floor plates of approximately 2,100 sqm to 2,400 sqm. The building is well located close to the Parliamentary Triangle. The building currently holds a 3.5 star NABERS rating.

DEScripTioN

Aviation House is located in Woden and comprises nine levels of office accommodation, a café on ground level and a 154 bay secured basement car park. The building was completed in 2007 and features A Grade services, large floor plates with abundant natural light, a northfacing rooftop balcony and has achieved a 4.5 star NABERS rating.

Summary iNformaTioN

Summary iNformaTioN	Summary iNformaTioN
GRADE A Grade	GRADE A Grade
OWNERSHIP 100% MPT	OWNERSHIP 100% MPT
NLA 9,099 sqm	NLA 14,828 sqm
CAR SPACES 68	CAR SPACES 154
ACQUISITION DATE Jun 96	ACQUISITION DATE Jul 07
VALUATION AT 30 JUN 09 $37.5m	VALUATION AT 30 JUN 09 $67.0m
VALUER DIRECTORS VALUATION	VALUER DIRECTORS VALUATION
LAST EXTERNAL VALUATION DATE 31 Dec 08	LAST EXTERNAL VALUATION DATE 30 Jun 08
CAPITALISATION RATE 8.75%	CAPITALISATION RATE 7.50%
DISCOUNT RATE 9.50%	DISCOUNT RATE 9.25%
GROSS OFFICE RENT $411/sqm	GROSS OFFICE RENT $376/sqm
maJor TENaNTS NLa SQm LEaSE EXpiry	maJor TENaNTS NLa SQm LEaSE EXpiry
CDBCDE 8,975 Nov 12	CASA 8,004 Jan 22
	APSC 3,992 Feb 22

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY	0.0%
FY10	0.0%
FY11	1.4%
FY12	0.0%
FY13	98.6%
FY14	0.0%
BEYOND	0.0%
WALE	3.38	YEARS

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY	0.0%
FY10	0.0%
FY11	0.0%
FY12	1.1%
FY13	0.0%
FY14	0.0%
BEYOND	98.9%
WALE	11.58 YEARS

14 mirvac group PROPERTY COMPENDIUM

commercial portfolio

INVESTMENT

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54 marcus clarke street, canBerra, act

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Booz & co Building 10 rudd street, canBerra, act

DEScripTioN

Constructed in 1986, the building comprises nine office levels, ground level retailing, one level of basement parking and is located in the corporate heart of the CBD. The floor plates of approximately 600 sqm provide excellent natural light and quality views from the upper levels.

DEScripTioN

Constructed in 1985, this seven-level building is located in the corporate heart of the Canberra CBD. The building features a unique four level atrium and is located adjacent to other Mirvac assets.

Summary iNformaTioN

Summary iNformaTioN	Summary iNformaTioN
GRADE B Grade	GRADE B Grade
OWNERSHIP 100% MPT	OWNERSHIP 100% MPT
NLA 5,276 sqm	NLA 4,736 sqm
CAR SPACES 48	CAR SPACES 41
ACQUISITION DATE Oct 87	ACQUISITION DATE Oct 87
VALUATION AT 30 JUN 09 $17.0m	VALUATION AT 30 JUN 09 $18.7m
VALUER DIRECTORS VALUATION	VALUER HTW
LAST EXTERNAL VALUATION DATE 31 Dec 08	LAST EXTERNAL VALUATION DATE 30 Jun 09
CAPITALISATION RATE 9.50%	CAPITALISATION RATE 8.50%
DISCOUNT RATE 9.75%	DISCOUNT RATE 9.00%
GROSS OFFICE RENT $361/sqm	GROSS OFFICE RENT $433/sqm
maJor TENaNTS NLa SQm LEaSE EXpiry	maJor TENaNTS NLa SQm LEaSE EXpiry
HUDSON GLOBAL RESOURCES 624 Jul 13	BOOz ALLEN HAMILTON 838 Dec 12
HAYS 624 Sep11	GPE&T 690 Jul 09 & Jun 13

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 37.8%	VACANCY 0.0%
FY10 22.8%	FY10 12.1%

FY11 6.4%	FY11 13.7%
FY12 18.2%	FY12 13.3%
FY13 3.0%	FY13 48.4%
FY14 11.8%	FY14 0.0%
BEYOND 0.0%	BEYOND 12.5%
WALE 1.23 YEARS	WALE 3.05 YEARS

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189 grey street south Bank, BrisBane, qld

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john oxley centre 339 coronation drive, BrisBane, qld

DEScripTioN

This 12 level complex was developed by Mirvac in 2005. The building features excellent natural light, large efficient floor plates of approximately 1,600 sqm and spectacular river and city views. The South Bank precinct provides the benefits of the parklands, retail services and public transport.

Summary iNformaTioN

DEScripTioN

A campus style commercial office building with five levels of office accommodation and two levels of basement car parking. Large floor plates across the two towers connect to provide approximately 2,700 sqm floor plates. Constructed in 1989, the building is well located on Coronation Drive with views across the Brisbane River to the CBD.

Summary iNformaTioN

Summary iNformaTioN	Summary iNformaTioN
GRADE A Grade	GRADE B Grade
OWNERSHIP 100% MPT	OWNERSHIP 100% MPT
NLA 12,728 sqm	NLA 13,172 sqm
CAR SPACES 180	CAR SPACES 319
ACQUISITION DATE Apr 04	ACQUISITION DATE May02
VALUATION AT 30 JUN 09 $65.0m	VALUATION AT 30 JUN 09 $54.0m
VALUER KNIGHT FRANK	VALUER COLLIERS INTERNATIONAL
LAST EXTERNAL VALUATION DATE 31 Mar 09	LAST EXTERNAL VALUATION DATE 31 Mar 09
CAPITALISATION RATE 7.75%	CAPITALISATION RATE 9.00%
DISCOUNT RATE 9.00%	DISCOUNT RATE 9.25%
GROSS OFFICE RENT $360/sqm	GROSS OFFICE RENT $368/sqm
maJor TENaNTS NLa SQm LEaSE EXpiry	maJor TENaNTS NLa SQm LEaSE EXpiry
IAG 7,281 Mar 15	ORIGIN ENERGY 6,304 Jun 18
THIESS PTY LTD 4,659 Feb 13	AUSTRALIA POST CORPORATION 1,661 Jun 10

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 0.0%	VACANCY 0.0%
FY10 3.6%	FY10 12.6%
FY11 2.2%	FY11 9.7%
FY12 0.4%	FY12 0.0%
FY13 36.6%	FY13 10.7%
FY14 0.0%	FY14 2.6%
BEYOND 57.2%	BEYOND 64.5%
WALE 4.64 YEARS	WALE 6.55 YEARS

16 mirvac group PROPERTY COMPENDIUM

commercial portfolio

INVESTMENT

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mojo Building 164 grey street, south Bank, BrisBane, qld

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riverside quay southBank, melBourne, vic

DEScripTioN

Developed by Mirvac in 2001, this boutique office building is located in the fringe office market of South Bank. Over three levels, the building offers views across the Brisbane River to the CBD and is the head office of Mirvac Queensland.

DEScripTioN

A modern office complex comprising three separate buildings with basement car parking for 164 cars. The buildings have excellent natural light with views across the Yarra River and the CBD. A separate building at the rear incorporates a 560 space car park. The ground floor retail space is currently undergoing a significant refurbishment and re-letting program.

Summary iNformaTioN

Summary iNformaTioN	Summary iNformaTioN
GRADE A Grade	GRADE A Grade
OWNERSHIP 100% MPT	OWNERSHIP 100% MPT
NLA 3,079 sqm	NLA 31,555 sqm
CAR SPACES 37	CAR SPACES 164
ACQUISITION DATE Jun 01	ACQUISITION DATE Apr 02(1&3)& Jul 03(2)
VALUATION AT 30 JUN 09 $14.0m	VALUATION AT 30 JUN 09 $123.3m
VALUER KNIGHT FRANK	VALUER M3
LAST EXTERNAL VALUATION DATE 31 Mar 09	LAST EXTERNAL VALUATION DATE 30 Jun 09
CAPITALISATION RATE 8.00%	CAPITALISATION RATE 8.25 – 8.50%
DISCOUNT RATE 9.00%	DISCOUNT RATE 9.0 – 9.25%
GROSS OFFICE RENT $507/sqm	GROSS OFFICE RENT $398/sqm
maJor TENaNTS NLa SQm LEaSE EXpiry	maJor TENaNTS NLa SQm LEaSE EXpiry
MIRVAC QLD 1,969 May11	TELSTRA CORPORATION 5,049 & 724 Jun 10/11 & Oct 09
PUBLICIS MOJO P/L 1,016 Aug09	URS AUSTRALIA 3,939 Feb 14

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 0.0%	VACANCY 4.6%
FY10 3.1%	FY10 17.4%

FY11 63.9%	FY11 14.8%
FY12 33.0%	FY12 15.7%
FY13 0.0%	FY13 5.6%
FY14 0.0%	FY14 21.7%
BEYOND 0.0%	BEYOND 20.2%
WALE 1.92 YEARS	WALE 3.37 YEARS

==> picture [256 x 143] intentionally omitted <==

royal domain centre 380 st kilda road, melBourne, vic

==> picture [256 x 143] intentionally omitted <==

como centre, corner toorak road & chapel street, south yarra, vic

DEScripTioN

This 15 level office building comprises six podium levels of up to 2,800 sqm with tower floors of 1,200 sqm. Prominently located at the city end of St Kilda Road and opposite the Royal Botanical Gardens, the building has excellent natural light and views to Port Phillip Bay. The building is the head office of Mirvac Victoria.

DEScripTioN

The complex includes office accommodation across three towers, a retail centre of 30 shops and a cinema. The five star 107 room Como Hotel and commercial car park complement the landmark complex.

Summary iNformaTioN

Summary iNformaTioN	Summary iNformaTioN
GRADE A Grade	GRADE A Grade
OWNERSHIP 100% MPT	OWNERSHIP 100% MPT
NLA 24,616 sqm	NLA 25,547 sqm
CAR SPACES 489	CAR SPACES 621
ACQUISITION DATE Oct 95(50%)Apr 01(50%)	ACQUISITION DATE Aug98
VALUATION AT 30 JUN 09 $101.5m	VALUATION AT 30 JUN 09 $76.8m
VALUER M3	VALUER CBRE
LAST EXTERNAL VALUATION DATE 30 Jun 09	LAST EXTERNAL VALUATION DATE 30 Jun 09
CAPITALISATION RATE 8.50%	CAPITALISATION RATE 8.50%
DISCOUNT RATE 9.00%	DISCOUNT RATE 9.25%
GROSS OFFICE RENT $363/sqm	GROSS OFFICE RENT $372/sqm
maJor TENaNTS NLa SQm LEaSE EXpiry	maJor TENaNTS NLa SQm LEaSE EXpiry
COMPUTER ASSOCIATES 4,313 Aug15	NETWORK 10 4,557 May12
TOLL TRANSPORT 3,951 Nov 12	TELSTRA CORPORATION 2,676 Jun 10

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 0.0%	VACANCY 1.5%
FY10 0.6%	FY10 22.7%
FY11 0.0%	FY11 13.9%
FY12 16.8%	FY12 29.5%
FY13 31.2%	FY13 22.9%
FY14 21.3%	FY14 5.0%
BEYOND 30.2%	BEYOND 4.6%
WALE 4.55 YEARS	WALE 2.91 YEARS

18 mirvac group PROPERTY COMPENDIUM

commercial portfolio

INVESTMENT

==> picture [256 x 143] intentionally omitted <==

191 – 197 salmon street port melBourne, vic

DEScripTioN

Headquarters for GM Holden Ltd, the building is designed in a “campus style” with floor plates greater than 7,000 sqm each. The building was purpose built for GM Holden and was completed in April 2005.

Summary iNformaTioN

Summary iNformaTioN
PROPERTY GRADE		A Grade
OWNERSHIP		50% MPT, 50% MREIT
NLA		21,762 sqm
CAR SPACES		1,055
ACQUISITION DATE		Jul 03
VALUATION AT 30 JUN 09		$46.5m
VALUER		ERNST & YOUNG
LAST EXTERNAL VALUATION	DATE	30 Jun 09
CAPITALISATION RATE		8.25%
DISCOUNT RATE		10.00%
GROSS OFFICE RENT		$356/sqm
maJor TENaNTS	NLa SQm	LEaSE EXpiry
GM HOLDEN LTD	21,763	Apr 20

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY	0.0%
FY10	0.0%
FY11	0.0%
FY12	0.0%
FY13	0.0%
FY14	0.0%
BEYOND	100.0%
WALE	10.81	YEARS

==> picture [567 x 687] intentionally omitted <==

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

101 miller street, north sydney, nsw
----- End of picture text -----

20 mirvac group PROPERTY COMPENDIUM

industrial portfolio

INVESTMENT

==> picture [568 x 483] intentionally omitted <==

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

nexus industrial park, prestons, nsw
----- End of picture text -----

				21 i
			% of
			iNDuSTriaL
			porTfoLio	vaLuaTioN aT
propErTy	LocaTioN	NLa	BooK vaLuE1	30 JuN 09
271 Lane Cove Road	North Ryde,NSW	6,718 sqm	15.3%	$40.0m
James Ruse Business Park	Northmead,NSW	26,492 sqm	10.3%	$27.0m
64 Biloela Street	Villawood,NSW	22,937 sqm	8.2%	$21.5m
44 Biloela Street	Villawood,NSW	15,839 sqm	4.9%	$12.7m
1-47 Percival Road	Smithfeld,NSW	17,256 sqm	7.6%	$20.0m
Nexus IndustryPark,Atlas	Prestons,NSW	13,120 sqm	6.9%	$18.0m
Nexus IndustryPark,Natsteel	Prestons,NSW	9,709 sqm	4.8%	$12.5m
Nexus IndustryPark,Building3	Prestons,NSW	17,203 sqm	8.4%	$22.0m
Nexus IndustryPark,HPM	Prestons,NSW	12,339 sqm	5.9%	$15.5m
Mulgrave Business Park	Mulgrave,VIC	9,531 sqm	7.1%	$18.5m
Hawdon IndustryPark	Dandenong,VIC	20,812 sqm	5.1%	$13.3m
1900 – 2060 Pratt Blvd	Chicago,IL,USA	50,000 sqm	15.5%	$40.7m(AUD)
ToTaL		221,957 sqm	100.0%	$261.6m1

WEIGHTED AVERAGE LEASE EXPIRY	5.09 YEARS
OCCUPANCY	90.8%

==> picture [101 x 101] intentionally omitted <==

GEOGRAPHIC
DIVERSIFICATION2
■NSW	72.3%
■VIC	12.1%
■USA	15.6%

1 BOOK VALUE AS AT 30 JUNE 2009. EXCLUDES DEVELOPMENT PROJECTS.

2 BY BOOK VALUE AS AT 30 JUNE 2009. EXCLUDES DEVELOPMENT ASSETS AND INDIRECT PROPERTY INVESTMENTS.

22 mirvac group PROPERTY COMPENDIUM

industrial portfolio

INVESTMENT

==> picture [256 x 143] intentionally omitted <==

271 lane cove road, north ryde, nsw

==> picture [256 x 143] intentionally omitted <==

james ruse Business park 6 Boundary road, northmead, nsw

DEScripTioN

The property is situated adjacent to the soon to be completed Macquarie Park Railway Station on the corner of Lane Cove and Waterloo Roads. The site provides future commercial development potential.

DEScripTioN

A modern multi-tenant estate incorporating five industrial buildings situated on the north-western side of Boundary Road. The site provides convenient access to major road networks, including the M2 and M4 and is only minutes from the Parramatta CBD.

propErTy DETaiLS

propErTy DETaiLS
OWNERSHIP		100% MPT
NLA		6,718 sqm
CAR SPACES		227
ACQUISITION DATE		Apr 00
VALUATION AT 30 JUN 09		$40.0m
VALUER		DIRECTORS VALUATION
LAST EXTERNAL VALUATION	DATE	30 Jun 08
CAPITALISATION RATE		8.00%
DISCOUNT RATE		9.25%
maJor TENaNTS	NLa SQm	LEaSE EXpiry
FOXTEL	6,718	Mar 18

propErTy DETaiLS
OWNERSHIP		100% MPT
NLA		26,492 sqm
CAR SPACES		299
ACQUISITION DATE		Jul 94
VALUATION AT 30 JUN 09		$27.0m
VALUER		DIRECTORS VALUATION
LAST EXTERNAL VALUATION	DATE	31 Dec 08
CAPITALISATION RATE		9.00%
DISCOUNT RATE		9.75%
maJor TENaNTS	NLa SQm	LEaSE EXpiry
YHI	4,915	Jul 13
GSTAR AUST	4,722	Sep12

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 0.0%	VACANCY 0.0%
FY10 0.0%	FY10 25.7%

FY11 0.0%	FY11 14.4%
FY12 0.0%	FY12 20.0%
FY13 0.0%	FY13 17.9%
FY14 0.0%	FY14 18.6%
BEYOND 100.0%	BEYOND 3.3%
WALE 8.75 YEARS	WALE 2.51 YEARS

==> picture [256 x 143] intentionally omitted <==

64 Biloela street, villawood, nsw

==> picture [256 x 143] intentionally omitted <==

44 Biloela street, villawood, nsw

DEScripTioN

The property comprises an original office/warehouse building of 15,882 sqm and a 7,055 sqm high clearance warehouse adjacent to the original building that was completed for Visy in 2005.

DEScripTioN

This prime high clearance warehouse with adjoining office space includes a large awning of 3,200 sqm. The building is surrounded by extensive hardstand and there is potential to extend the warehouse by up to 3,000 sqm.

propErTy DETaiLS

propErTy DETaiLS
OWNERSHIP		100% MPT
NLA		22,937 sqm
CAR SPACES		106
ACQUISITION DATE		Feb 04
VALUATION AT 30 JUN 09		$21.5m
VALUER		DIRECTORS VALUATION
LAST EXTERNAL VALUATION	DATE	31 Mar 08
CAPITALISATION RATE		9.00%
DISCOUNT RATE		10.25%
maJor TENaNTS	NLa SQm	LEaSE EXpiry
VISY INDUSTRIAL PLASTICS	22,937	Sep16

propErTy DETaiLS
OWNERSHIP	100% MPT
NLA	15,839 sqm
CAR SPACES	170
ACQUISITION DATE	Sep03
VALUATION AT 30 JUN 09	$12.7m
VALUER	JLL
LAST EXTERNAL VALUATION DATE	31 Mar 09
CAPITALISATION RATE	9.50%
DISCOUNT RATE	10.50%

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 0.0%	VACANCY 100.0%
FY10 0.0%	FY10 0.0%
FY11 0.0%	FY11 0.0%
FY12 0.0%	FY12 0.0%
FY13 0.0%	FY13 0.0%
FY14 0.0%	FY14 0.0%
BEYOND 100.0%	BEYOND 0.0%
WALE 7.22 YEARS	WALE 0 YEARS

24 mirvac group PROPERTY COMPENDIUM

industrial portfolio

INVESTMENT

==> picture [256 x 143] intentionally omitted <==

1 –47 percival road, smithfield, nsw

==> picture [256 x 143] intentionally omitted <==

nexus industry park (atlas) lyn parade, prestons, nsw

DEScripTioN

This property fronts the Cumberland Highway at Smithfield and provides direct access to the M4 Motorway. A new office/warehouse was designed and constructed for Sandvik in 2003. The three original buildings have undergone partial refurbishment and offer future redevelopment potential.

DEScripTioN

The property forms part of a major industrial development on the former Liverpool Showground site. This building was purpose built for Atlas Steel in 2006.

propErTy DETaiLS

propErTy DETaiLS	propErTy DETaiLS
OWNERSHIP 100% MPT	OWNERSHIP 100% MPT
NLA 17,256 sqm	NLA 13,120 sqm
CAR SPACES 207	CAR SPACES 125
ACQUISITION DATE Nov 02	ACQUISITION DATE Aug04
VALUATION AT 30 JUN 09 $20.0m	VALUATION AT 30 JUN 09 $18.0m
VALUER DIRECTORS VALUATION	VALUER DIRECTORS VALUATION
LAST EXTERNAL VALUATION DATE 31 Mar 08	LAST EXTERNAL VALUATION DATE 31 Mar 08
CAPITALISATION RATE 8.50%	CAPITALISATION RATE 8.00%
DISCOUNT RATE 9.25%	DISCOUNT RATE 9.25%
maJor TENaNTS NLa SQm LEaSE EXpiry	maJor TENaNTS NLa SQm LEaSE EXpiry
SANDVIK AUSTRALIA 11,801 Sep15	ATLAS STEEL(AUST)PTY LTD 13,120 Apr 21
TYCO FLOW CONTROL PACIFIC PTY LTD 5,455 Dec 11

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 0.0%	VACANCY 0.0%
FY10 0.0%	FY10 0.0%

FY11 0.0%	FY11 0.0%
FY12 31.6%	FY12 0.0%
FY13 0.0%	FY13 0.0%
FY14 0.0%	FY14 0.0%
BEYOND 68.4%	BEYOND 100.0%
WALE 8.87 YEARS	WALE 11.81 YEARS

==> picture [256 x 143] intentionally omitted <==

nexus industry park, (natsteel) lyn parade, prestons, nsw

==> picture [256 x 143] intentionally omitted <==

nexus industry park (Building 3) lyn parade, prestons, nsw

DEScripTioN

The property forms part of a major industrial development on the former Liverpool Showground site. This building was purpose built for EW Reinforcement in 2006.

DEScripTioN

The property forms part of a major industrial development on the former Liverpool Showground site. Building 3 was completed in July 2007 offering high quality warehouse space.

propErTy DETaiLS

propErTy DETaiLS
OWNERSHIP		100% MPT
NLA		9,709 sqm
CAR SPACES		70
ACQUISITION DATE		Aug04
VALUATION AT 30 JUN 09		$12.5m
VALUER		SAVILLS
LAST EXTERNAL VALUATION	DATE	31 Mar 09
CAPITALISATION RATE		8.25%
DISCOUNT RATE		9.25%
maJor TENaNTS	NLa SQm	LEaSE EXpiry
NATSTEEL AUSTRALIA	9,709	Nov 13

propErTy DETaiLS
OWNERSHIP		100% MPT
NLA		17,203 sqm
CAR SPACES		163
ACQUISITION DATE		Aug04
VALUATION AT 30 JUN 09		$22.0m
VALUER		DIRECTORS VALUATION
LAST EXTERNAL VALUATION	DATE	31 Dec 07
CAPITALISATION RATE		8.25%
DISCOUNT RATE		9.25%
maJor TENaNTS	NLa SQm	LEaSE EXpiry
TOTAL CARE TRANSPORT	9,056	Oct 13
DE LONGHI	8,147	Dec 13

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 0.0%	VACANCY 0.0%
FY10 0.0%	FY10 0.0%
FY11 0.0%	FY11 0.0%
FY12 0.0%	FY12 0.0%
FY13 0.0%	FY13 0.0%
FY14 100.0%	FY14 100.0%
BEYOND 0.0%	BEYOND 0.0%
WALE 4.42 YEARS	WALE 4.42 YEARS

26 mirvac group PROPERTY COMPENDIUM

industrial portfolio

INVESTMENT

==> picture [256 x 143] intentionally omitted <==

nexus industry park, (hpm) lyn parade, prestons, nsw

==> picture [256 x 143] intentionally omitted <==

mulgrave Business park, 18-20 & 30-32 compark circuit & 253 wellington road, mulgrave, vic

DEScripTioN

Building 5 is the latest building to be completed by Mirvac at Nexus Industry Park. This high quality industrial facility is the new national distribution centre for HPM Legrand Australia.

DEScripTioN

The property comprises three modern office buildings ranging from two to three office levels with basement and external parking. The complex forms part of a business park, located on the corner of Wellington and Springvale Roads, approximately 20km south east of the Melbourne CBD.

propErTy DETaiLS

propErTy DETaiLS
OWNERSHIP		100% MPT
NLA		12,339 sqm
CAR SPACES		103
ACQUISITION DATE1		Aug04
VALUATION AT 30 JUN 09		$15.5m
VALUER		DIRECTORS VALUATION
LAST EXTERNAL VALUATION	DATE	31 Dec 08
CAPITALISATION RATE		8.25%
DISCOUNT RATE		9.25%
maJor TENaNTS	NLa SQm	LEaSE EXpiry
HPM	12,339	Oct 13

propErTy DETaiLS
OWNERSHIP		100% MPT
NLA		9,531 sqm
CAR SPACES		379
ACQUISITION DATE	Aug01(1 & 2)& Feb 03(3)
VALUATION AT 30 JUN 09		$18.5m
VALUER		DIRECTORS VALUATION
LAST EXTERNAL VALUATION	DATE	30 Jun 08
CAPITALISATION RATE		9.50%
DISCOUNT RATE		9.50%
maJor TENaNTS	NLa SQm	LEaSE EXpiry
NATIONAL FOODS	3,695	Jun 11 / Nov 10
VEMCO	1,165	Dec 12

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 0.0%	VACANCY 48.7%
FY10 0.0%	FY10 0.0%

FY11 0.0%	FY11 39.0%
FY12 0.0%	FY12 0.0%
FY13 0.0%	FY13 12.3%
FY14 100.0%	FY14 0.0%
BEYOND 0.0%	BEYOND 0.0%
WALE 4.34 YEARS	WALE 1.04 YEARS

1 DEVELOPMENT COMPLETED JULY 2008.

==> picture [256 x 143] intentionally omitted <==

hawdon industry park, 4 aBBotts road & 333 – 343 frankston road, dandenong, vic

==> picture [256 x 143] intentionally omitted <==

1900 – 2060 pratt Boulevard, chicago, il, usa

DEScripTioN

Located in the south east Melbourne industrial market, this estate comprises four separate buildings. The complex was constructed in 1985 with refurbishment works completed in 2005.

DEScripTioN

The Chicago Metropolitan area is the largest industrial market in the USA and this versatile 50,000sqm industrial facility is located adjacent to the O’Hare International Airport, the second busiest airport in the world. The property is currently leased and also provides a medium-term redevelopment opportunity.

propErTy DETaiLS

propErTy DETaiLS
OWNERSHIP		100% MPT
NLA		20,812 sqm
CAR SPACES		216
ACQUISITION DATE		Jan 04
VALUATION AT 30 JUN 09		$13.3m
VALUER		DIRECTORS VALUATION
LAST EXTERNAL VALUATION	DATE	30 Jun 08
CAPITALISATION RATE		9.00%
DISCOUNT RATE		9.50%
maJor TENaNTS	NLa SQm	LEaSE EXpiry
CSR LIMITED	5,852	Jun 15
DOM LOGISTICS	5,736	Apr 12

propErTy DETaiLS
OWNERSHIP		100% MPT
NLA		50,000 sqm
CAR SPACES		1,638
ACQUISITION DATE		Dec 07
VALUATION AT 30 JUN 09		$40.7m
VALUER		DIRECTORS VALUATION
LAST EXTERNAL VALUATION	DATE	17 Oct 08
CAPITALISATION RATE		8.00%
DISCOUNT RATE		9.50%
maJor TENaNTS	NLa SQm	LEaSE EXpiry
CLEAR LAM PACKAGING	50,000	Dec 14

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 0.0%	VACANCY 0.0%
FY10 0.0%	FY10 0.0%
FY11 23.7%	FY11 0.0%
FY12 27.5%	FY12 0.0%
FY13 20.8%	FY13 0.0%
FY14 0.0%	FY14 0.0%
BEYOND 28.0%	BEYOND 100.0%
WALE 3.61 YEARS	WALE 5.44 YEARS

28 mirvac group PROPERTY COMPENDIUM

retail portfolio

INVESTMENT

==> picture [568 x 435] intentionally omitted <==

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

orion springfield town centre, springfield, qld
----- End of picture text -----

==> picture [106 x 101] intentionally omitted <==

GRADE

DIVERSIFICATION[1]

■	CONVENIENCE CENTRE	4.2%
■	CBD RETAIL	10.0%
■	SUB REGIONAL	73.6%
■	BULKY GOODS CENTRE	12.2%

==> picture [107 x 101] intentionally omitted <==

GEOGRAPHIC

DIVERSIFICATION[1]

■	NSW	47.2%
■	VIC	21.4%
■	QLD	29.6%
■	WA	1.8%

1 BY BOOK VALUE AS AT 30 JUNE 2009. EXCLUDES DEVELOPMENT ASSETS AND INDIRECT PROPERTY INVESTMENTS.

					29 i
			% of rETaiL
			porTfoLio	cENTrE	vaLuaTioN aT
propErTy	LocaTioN	gLa	BooK vaLuE1	maT2	30 JuN 09
Greenwood Plaza	North Sydney,NSW	8,731 sqm	5.2%	$75m	$75.5m3
Metcentre	Sydney,NSW	5,758 sqm	3.5%	$45m	$51.3m3
Stanhope Village	Stanhope Gardens,NSW	15,451 sqm	3.7%	$86m	$53.1m
St Marys Village Centre	St Marys,NSW	16,170 sqm	2.8%	$89m	$40.3m
Orange CityCentre	Orange,NSW	18,066 sqm	3.4%	$81m	$49.0m
Blacktown Megacentre	Blacktown,NSW	25,746 sqm	2.5%	N/A	$36.5m
Ballina Central	Ballina,NSW	14,183 sqm	2.4%	$60m	$34.5m
ManningMall	Taree,NSW	10,704 sqm	1.6%	$27m	$23.8m
Rhodes ShoppingCentre	Rhodes,NSW	32,586 sqm	6.2%	$174m	$90.5m3
BroadwayShoppingCentre	Broadway,NSW	50,498 sqm	14.0%	$367m	$202.5m3
Lake Haven Megacentre	Lake Haven,NSW	21,602 sqm	1.9%	N/A	$27.0m
Logan Mega Centre	Logan,QLD	27,102 sqm	4.4%	N/A	$63.5m
Orion Springfeld Town Centre	Springfeld,QLD	33,366 sqm	6.5%	$131m	$93.7m4
Hinkler Central	Bundaberg,QLD	21,049 sqm	5.8%	$142m	$84.0m
Kawana Shoppingworld	Buddina,QLD	29,787 sqm	13.0%	$236m	$188.0m
Como Centre Retail	South Yarra,VIC	6,894 sqm	1.2%	$14m	$17.5m
Gippsland Centre	Sale,VIC	23,345 sqm	3.4%	$116m	$49.8m
WaverleyGardens	Mulgrave,VIC	38,292 sqm	9.1%	$159m	$132.5m
Moonee Ponds Central	Moonee Ponds,VIC	18,610 sqm	4.3%	$52m6	$61.5m
Peninsula Lifestyle	Mornington,VIC	32,156 sqm	3.4%	N/A	$49.0m
Kwinana Hub	Kwinana,WA	17,336 sqm	1.7%	$90m	$25.0m
ToTaL		467,430sqm	100.0%		$1,448.3m1
WEIGHTED AVERAGE LEASE EXPIRY					5.89 YEARS
OCCUPANCY5					97.8%

1 BOOK VALUE AS AT 30 JUNE 2009. EXCLUDES DEVELOPMENT PROJECTS.

2 12 MONTHS TO 30 JUNE 2009. IN ACCORDANCE WITH SCCA GUIDELINES. 3 BOOK VALUE REPRESENTS 50% INTEREST.

4 BOOK VALUE REPRESENTS 66.7% INTEREST. 5 EXCLUDES BULKY GOODS CENTRES.

6 STAGE 1 ONLY.

30 mirvac group PROPERTY COMPENDIUM

retail portfolio

INVESTMENT

==> picture [256 x 143] intentionally omitted <==

greenwood plaza pacific highway, north sydney, nsw

==> picture [256 x 143] intentionally omitted <==

metcentre 60 margaret street, sydney, nsw

DEScripTioN

Greenwood Plaza is a three level centre at the base of North Sydney’s iconic 101 Miller Street. It comprises 105 retail and service outlets. The ground level retail flows directly into North Sydney Railway Station.

DEScripTioN

Metcentre comprises some 70 stores, located in the heart of the Sydney CBD at the base of 60 Margaret Street with a direct pedestrian link to Wynyard Station.

Summary iNformaTioN

Summary iNformaTioN	Summary iNformaTioN
GRADE CBD Retail	GRADE CBD Retail
OWNERSHIP 50% MPT, 50% EUREKA	OWNERSHIP 50% MPT, 50% MTAA
GLA 8,731 sqm	GLA 5,758 sqm
CAR SPACES 512	CAR SPACES N/A
ACQUISITION DATE Jun 94	ACQUISITION DATE Aug98
VALUATION AT 30 JUN 09 $75.5m	VALUATION AT 30 JUN 09 $51.3m
VALUER DIRECTORS VALUATION	VALUER DIRECTORS VALUATION
LAST EXTERNAL VALUATION DATE 31 Dec 08	LAST EXTERNAL VALUATION DATE 31 Dec 08
CAPITALISATION RATE 6.25%	CAPITALISATION RATE 6.50%
DISCOUNT RATE 9.00%	DISCOUNT RATE 9.00%
CENTRE MAT $75m	CENTRE MAT $45m
maJor TENaNTS NLa SQm LEaSE EXpiry	maJor TENaNTS NLa SQm LEaSE EXpiry
GREENWOOD HOTEL 856 Nov 12	PRICELINE 680 Holdover
IGA EXPRESS 713 Dec 17	FLORSHEIM 267 Oct 13

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 2.0%	VACANCY 0.0%
FY10 22.2%	FY10 39.0%

FY11 9.3%	FY11 11.2%
FY12 10.2%	FY12 7.5%
FY13 23.8%	FY13 10.9%
FY14 15.9%	FY14 22.9%
BEYOND 16.6%	BEYOND 8.5%
WALE 3.45 YEARS	WALE 2.38 YEARS

==> picture [256 x 143] intentionally omitted <==

stanhope village sentry drive, stanhope gardens, nsw

==> picture [256 x 143] intentionally omitted <==

st marys village centre charles hacket drive, st marys, nsw

DEScripTioN

Located in the rapidly growing northwest corridor of Sydney, Stanhope Village Stage 1 opened in late 2003, comprising a Coles Supermarket and 30 stores. Stage 2 was opened in March 2007 and included K-mart. Masterplanning is underway for future stages.

DEScripTioN

Located in the Western Sydney suburb of St Marys, this dominant sub regional centre comprises Woolworths, Target and 50 specialty stores.

Summary iNformaTioN

Summary iNformaTioN	Summary iNformaTioN
GRADE Sub Regional	GRADE Sub Regional
OWNERSHIP 100% MPT	OWNERSHIP 100% MPT
GLA 15,451 sqm	GLA 16,170 sqm
CAR SPACES 694	CAR SPACES 690
ACQUISITION DATE Nov 03	ACQUISITION DATE Jan 03
VALUATION AT 30 JUN 09 $53.1m	VALUATION AT 30 JUN 09 $40.3m
VALUER CBRE	VALUER DIRECTORS VALUATION
LAST EXTERNAL VALUATION DATE 31 Mar 09	LAST EXTERNAL VALUATION DATE 31 Dec 08
CAPITALISATION RATE 8.00%	CAPITALISATION RATE 8.00%
DISCOUNT RATE 9.00%	DISCOUNT RATE 9.25%
CENTRE MAT $86m	CENTRE MAT $89m
maJor TENaNTS NLa SQm LEaSE EXpiry	maJor TENaNTS NLa SQm LEaSE EXpiry
K-MART 5,060 Mar 22	TARGET 8,023 Jul 11
COLES 3,629 Nov 18	WOOLWORTHS 4,065 Nov 15

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 0.3%	VACANCY 0.0%
FY10 4.4%	FY10 4.5%
FY11 3.3%	FY11 4.5%
FY12 11.3%	FY12 51.7%
FY13 3.9%	FY13 7.1%
FY14 10.0%	FY14 2.4%
BEYOND 66.8%	BEYOND 29.8%
WALE 8.01 YEARS	WALE 3.39 YEARS

32 mirvac group PROPERTY COMPENDIUM

retail portfolio

INVESTMENT

==> picture [256 x 143] intentionally omitted <==

orange city centre summer street, orange, nsw

==> picture [256 x 143] intentionally omitted <==

Blacktown megacentre Blacktown road, Blacktown, nsw

DEScripTioN

The complex incorporates Myer, together with a recently refurbished Big W, 34 specialty stores, undercover parking for 414 cars and is the dominant centre in Orange, western NSW.

DEScripTioN

Blacktown Megacentre is located on the fringe of the Blacktown CBD and comprises a broad range of household and bulky goods stores servicing the growing north western region of Sydney. Refurbishment of the centre was completed in June 2007 including a new Harvey Norman tenancy.

Summary iNformaTioN

Summary iNformaTioN	Summary iNformaTioN
GRADE Sub Regional	GRADE BulkyGoods Centre
OWNERSHIP 100% MPT	OWNERSHIP 100% MPT
GLA 18,066 sqm	GLA 25,746 sqm
CAR SPACES 414	CAR SPACES 546
ACQUISITION DATE Apr 93	ACQUISITION DATE Jun 02
VALUATION AT 30 JUN 09 $49.0m	VALUATION AT 30 JUN 09 $36.5m
VALUER CBRE	VALUER DIRECTORS VALUATION
LAST EXTERNAL VALUATION DATE 31 Mar 09	LAST EXTERNAL VALUATION DATE 31 Dec 08
CAPITALISATION RATE 8.25%	CAPITALISATION RATE 9.00%
DISCOUNT RATE 9.25%	DISCOUNT RATE 10.00%
CENTRE MAT $81m	CENTRE MAT N/A
maJor TENaNTS NLa SQm LEaSE EXpiry	maJor TENaNTS NLa SQm LEaSE EXpiry
BIG W 7,017 Nov 26	BUNNINGS 11,606 Jun 10
MYER 6,858 Nov 11	HARVEY NORMAN 5,888 Mar 17

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 0.0%	VACANCY 1.4%
FY10 6.7%	FY10 48.0%

FY11 2.5%	FY11 8.4%
FY12 40.9%	FY12 7.9%
FY13 2.9%	FY13 0.8%
FY14 7.6%	FY14 0.0%
BEYOND 39.3%	BEYOND 33.5%
WALE 8.31 YEARS	WALE 3.31 YEARS

==> picture [256 x 143] intentionally omitted <==

Ballina central pacific highway, Ballina, nsw

==> picture [256 x 143] intentionally omitted <==

manning mall taree, nsw

DEScripTioN

Opened in May 2006, this subregional centre of over 13,000 sqm includes Big W, Supa IGA, 27 specialty stores, a freestanding Hungry Jacks and a Woolworths Petrol outlet.

DEScripTioN

Manning Mall is located approximately 300km north of Sydney in the main retail street of Taree. Redevelopment is currently underway to include new Coles and Target stores and a full centre refurbishment due for completion in September 2009.

Summary iNformaTioN

Summary iNformaTioN	Summary iNformaTioN
GRADE Sub Regional	GRADE Sub Regional(Development)
OWNERSHIP 100% MPT	OWNERSHIP 100% MPT
GLA 14,183 sqm	GLA 10,704 sqm
CAR SPACES 557	CAR SPACES 357
ACQUISITION DATE Dec 04	ACQUISITION DATE Dec 06
VALUATION AT 30 JUN 09 $34.5m	VALUATION AT 30 JUN 09 $23.8m
VALUER SAVILLS	VALUER DIRECTORS VALUATION
LAST EXTERNAL VALUATION DATE 30 Jun 09	LAST EXTERNAL VALUATION DATE 31 Dec 07
CAPITALISATION RATE 8.00%	CAPITALISATION RATE 8.25%
DISCOUNT RATE 9.25%	DISCOUNT RATE 9.75%
CENTRE MAT $60m	CENTRE MAT $27m
maJor TENaNTS NLa SQm LEaSE EXpiry	maJor TENaNTS NLa SQm LEaSE EXpiry
BIG W 7,412 May26	TARGET 3,500 Nov 18
RITCHIES SUPA IGA 3,761 Jun 26	LOWES 307 Nov 11

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 1.5%	VACANCY 10.0%
FY10 0.0%	FY10 3.1%
FY11 3.4%	FY11 8.1%
FY12 2.5%	FY12 6.7%
FY13 1.5%	FY13 2.7%
FY14 2.9%	FY14 8.7%
BEYOND 88.2%	BEYOND 60.7%
WALE 14.55 YEARS	WALE 6.20 YEARS

34 mirvac group PROPERTY COMPENDIUM

retail portfolio

INVESTMENT

==> picture [256 x 143] intentionally omitted <==

rhodes shopping centre, rhodes, nsw

==> picture [256 x 143] intentionally omitted <==

Broadway shopping centre Broadway, nsw

DEScripTioN

The centre is co-located with IKEA in the rapidly developing Rhodes residential precinct. The centre is currently undergoing work to incorporate a Target DDS and associated remixed offer.

DEScripTioN

Acquired in January 2007, this dominant sub-regional centre is located on the fringe of the CBD and services the demand of Sydney’s inner west. The centre was recently expanded and refurbished to include Target and a new upmarket fashion level.

Summary iNformaTioN

Summary iNformaTioN	Summary iNformaTioN
GRADE Sub Regional	GRADE Sub Regional
OWNERSHIP 50% MPT, 50% Perron	OWNERSHIP 50% MPT, 50% Perron
GLA 32,586 sqm	GLA 50,498 sqm
CAR SPACES 2,400	CAR SPACES 1,824
ACQUISITION DATE Jan 07	ACQUISITION DATE Jan 07
VALUATION AT 30 JUN 09 $90.5m	VALUATION AT 30 JUN 09 $202.5m
VALUER DIRECTORS VALUATION	VALUER DIRECTORS VALUATION
LAST EXTERNAL VALUATION DATE 31 Dec 08	LAST EXTERNAL VALUATION DATE 31 Dec 08
CAPITALISATION RATE 6.63%	CAPITALISATION RATE 6.13%
DISCOUNT RATE 9.00%	DISCOUNT RATE 8.75%
CENTRE MAT $174m	CENTRE MAT $367m
maJor TENaNTS NLa SQm LEaSE EXpiry	maJor TENaNTS NLa SQm LEaSE EXpiry
COLES 3,497 Dec 19	K-MART 7,394 Mar 13
READING CINEMA 2,840 Dec 19	HOYTS MULTIPLEX CINEMAS 4,857 Jul 18

LEaSE EXpiry profiLE % arEa

==> picture [514 x 96] intentionally omitted <==

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

VACANCY 0.1% VACANCY 0.8%
FY10 18.7% FY10 5.0%
FY11 14.6% FY11 6.9%
FY12 11.2% FY12 11.2%
FY13 17.9% FY13 40.2%
FY14 0.9% FY14 6.7%
BEYOND 36.6% BEYOND 29.1%
WALE 5.31 YEARS WALE 6.36 YEARS
----- End of picture text -----

==> picture [256 x 143] intentionally omitted <==

lake haven megacentre lake haven, nsw

==> picture [256 x 143] intentionally omitted <==

loganmega centre, pacific hwy logan, qld

DEScripTioN

Lake Haven Megacentre is a modern bulky goods centre located in the heart of the NSW Central Coast growth corridor, approximately 100km north-east of Sydney and 50km southwest of Newcastle. The centre opened for trading in July 2007 and is anchored by Bunnings and Harvey Norman.

DEScripTioN

Opened in March 2007, the centre is the premier homemaker facility in Brisbane. Co-located with IKEA, the centre includes 30 of the best homemaker retailers.

Summary iNformaTioN

Summary iNformaTioN	Summary iNformaTioN
GRADE BulkyGoods Centre	GRADE BulkyGoods Centre
OWNERSHIP 100% MPT	OWNERSHIP 100% MPT
GLA 21,602 sqm	GLA 27,102 sqm
CAR SPACES 590	CAR SPACES 600
ACQUISITION DATE Jan 07	ACQUISITION DATE Oct 05
VALUATION AT 30 JUN 09 $27.0m	VALUATION AT 30 JUN 09 $63.5m
VALUER DIRECTORS VALUATION	VALUER DIRECTORS VALUATION
LAST EXTERNAL VALUATION DATE 31 Dec 08	LAST EXTERNAL VALUATION DATE 31 Dec 08
CAPITALISATION RATE 9.50%	CAPITALISATION RATE 9.00%
DISCOUNT RATE 10.00%	DISCOUNT RATE 10.25%
CENTRE MAT N/A	CENTRE MAT N/A
maJor TENaNTS NLa SQm LEaSE EXpiry	maJor TENaNTS NLa SQm LEaSE EXpiry
BUNNINGS 8,592 Jul 13	SPOTLIGHT 3,509 Sep17
HARVEY NORMAN 6,123 Jul 17	ANACONDA 3,425 Mar 17

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 22.4%	VACANCY 0.3%
FY10 0.0%	FY10 0.0%
FY11 0.0%	FY11 0.0%
FY12 3.5%	FY12 11.3%
FY13 3.5%	FY13 2.5%
FY14 39.8%	FY14 16.4%
BEYOND 30.7%	BEYOND 69.6%
WALE 4.20 YEARS	WALE 6.41 YEARS

36 mirvac group PROPERTY COMPENDIUM

retail portfolio

INVESTMENT

==> picture [256 x 143] intentionally omitted <==

orion springfield town centre, main street, springfield, qld

==> picture [256 x 143] intentionally omitted <==

hinkler central maryBorough street, BundaBerg, qld

DEScripTioN

Located in Brisbane’s rapidly growing south western corridor, the centre was opened in March 2007 and includes Woolworths, Big W and 100 speciality stores. This town centre sets a new benchmark in environmentally sustainable initiatives. Planning for future stages is underway.

DEScripTioN

Located in the strong regional centre of Bundaberg, the centre is enjoying the benefits of the redevelopment completed in June 2006. The centre comprises Woolworths, Coles, K-mart and 70 speciality stores.

Summary iNformaTioN

Summary iNformaTioN	Summary iNformaTioN
GRADE Sub regional	GRADE Sub Regional
OWNERSHIP 67% MPT, 33% MREIT	OWNERSHIP 100% MPT
GLA 33,366 sqm	GLA 21,049 sqm
CAR SPACES 2,200	CAR SPACES 1,046
ACQUISITION DATE Aug02	ACQUISITION DATE Aug03
VALUATION AT 30 JUN 09 $93.7m	VALUATION AT 30 JUN 09 $84.0m
VALUER DIRECTORS VALUATION	VALUER SAVILLS
LAST EXTERNAL VALUATION DATE 31 Dec 08	LAST EXTERNAL VALUATION DATE 31 Mar 09
CAPITALISATION RATE 6.50%	CAPITALISATION RATE 7.50%
DISCOUNT RATE 9.00%	DISCOUNT RATE 9.25%
CENTRE MAT $131m	CENTRE MAT $142m
maJor TENaNTS NLa SQm LEaSE EXpiry	maJor TENaNTS NLa SQm LEaSE EXpiry
BIG W 8,198 Mar 27	K-MART 6,208 Jul 15
WOOLWORTHS 4,321 Mar 27	WOOLWORTHS 3,548 Mar 20

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 0.8%	VACANCY 0.6%
FY10 0.9%	FY10 1.1%

FY11 0.0%	FY11 13.2%
FY12 31.4%	FY12 6.1%
FY13 8.4%	FY13 4.4%
FY14 6.3%	FY14 6.9%
BEYOND 52.2%	BEYOND 67.7%
WALE 9.24 YEARS	WALE 5.70 YEARS

==> picture [256 x 143] intentionally omitted <==

kawana shoppingworld nicklin way, Buddina, qld

==> picture [256 x 143] intentionally omitted <==

como centre retail, corner toorak road and chapel street, south yarra, vic

DEScripTioN

Located on the Queensland Sunshine Coast, this dominant centre comprises Woolworths, Big W, Bi-Lo and 102 specialty stores. Planning is underway for further centre expansion.

DEScripTioN

The Como Centre is a mixed use office, retail and hotel complex, with the retail component comprising 33 specialty stores and an art house cinema. The centre is located on the popular retail strip of Chapel Street, Melbourne.

Summary iNformaTioN

Summary iNformaTioN
GRADE		Sub Regional
OWNERSHIP		100% MPT
GLA		29,787 sqm
CAR SPACES		1,710
ACQUISITION DATE	Dec 93(50%)Jun 98(50%)
VALUATION AT 30 JUN 09		$188.0m
VALUER		DIRECTORS VALUATION
LAST EXTERNAL VALUATION	DATE	31 Dec 08
CAPITALISATION RATE		6.50%
DISCOUNT RATE		9.00%
CENTRE MAT		$236m
maJor TENaNTS	NLa SQm	LEaSE EXpiry
BIG W	8,383	Jun 21
WOOLWORTHS	3,648	Nov 14

Summary iNformaTioN
GRADE		CBD Retail
OWNERSHIP		100% MPT
GLA		6,894 sqm
CAR SPACES		635
ACQUISITION DATE		Aug98
VALUATION AT 30 JUN 09		$17.5m
VALUER		CBRE
LAST EXTERNAL VALUATION	DATE	30 Jun 09
CAPITALISATION RATE		8.25%
DISCOUNT RATE		9.50%
CENTRE MAT		$14m
maJor TENaNTS	NLa SQm	LEaSE EXpiry
CINEMA COMO	1,633	Dec 14
ECO HAIR PRODUCTS	538	Oct 13

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 0.2%	VACANCY 10.3%
FY10 31.3%	FY10 19.6%
FY11 6.4%	FY11 6.1%
FY12 0.6%	FY12 7.0%
FY13 3.8%	FY13 11.0%
FY14 1.0%	FY14 11.9%
BEYOND 56.8%	BEYOND 34.1%
WALE 5.73 YEARS	WALE 3.12 YEARS

38 mirvac group PROPERTY COMPENDIUM

retail portfolio

INVESTMENT

==> picture [256 x 143] intentionally omitted <==

gippsland centre cunninghame street, sale, vic

==> picture [256 x 143] intentionally omitted <==

waverley gardens corner police & jacksons road mulgrave, vic

DEScripTioN

Located in the heart of Sale’s CBD, the Gippsland Centre includes Coles, Safeway, Target and 50 specialty stores with abundant on-grade parking.

DEScripTioN

Waverley Gardens is located adjacent to Mirvac’s Waverley Park residential development and the Monash freeway. A major upgrade and expansion was completed in March 2007 and includes Safeway, Coles, Target, Big W, Aldi, Best and Less and over 100 specialty stores.

Summary iNformaTioN

Summary iNformaTioN	Summary iNformaTioN
GRADE Sub Regional	GRADE Sub Regional
OWNERSHIP 100% MPT	OWNERSHIP 100% MPT
GLA 23,345 sqm	GLA 38,292 sqm
CAR SPACES 1,062	CAR SPACES 2,245
ACQUISITION DATE Jan 94	ACQUISITION DATE Nov 02
VALUATION AT 30 JUN 09 $49.8m	VALUATION AT 30 JUN 09 $132.5m
VALUER DIRECTORS VALUATION	VALUER DIRECTORS VALUATION
LAST EXTERNAL VALUATION DATE 31 Dec 08	LAST EXTERNAL VALUATION DATE 31 Dec 08
CAPITALISATION RATE 8.25%	CAPITALISATION RATE 7.50%
DISCOUNT RATE 9.75%	DISCOUNT RATE 9.50%
CENTRE MAT $116m	CENTRE MAT $159m
maJor TENaNTS NLa SQm LEaSE EXpiry	maJor TENaNTS NLa SQm LEaSE EXpiry
TARGET 7,764 Jul 10	TARGET 6,796 Jun 20
COLES 3,388 Nov 13	BIG W 6,770 Mar 27

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 3.9%	VACANCY 0.8%
FY10 43.7%	FY10 3.0%

FY11 2.9%	FY11 9.1%
FY12 6.7%	FY12 7.3%
FY13 4.9%	FY13 7.0%
FY14 17.8%	FY14 2.9%
BEYOND 20.2%	BEYOND 69.8%
WALE 4.53 YEARS	WALE 8.85 YEARS

==> picture [514 x 143] intentionally omitted <==

moonee ponds central homer street, moonee ponds, vic

DEScripTioN

Moonee Ponds Central is a convenience centre located 7km north of the Melbourne CBD and is adjacent to the busy Puckle Street retail strip. A second stage was added to the centre on an adjacent site in March 2009. The centre now offers a K-mart, Coles, discount liquor retailer and numerous fresh food outlets.

Summary iNformaTioN STagE 1	Summary iNformaTioN STagE 2
GRADE Convenience Centre	GRADE Convenience Centre
OWNERSHIP 100% MPT	OWNERSHIP 100% MPT
GLA 6,244 sqm	GLA 12,366 sqm
CAR SPACES 402	CAR SPACES 536
ACQUISITION DATE May03	ACQUISITION DATE1 FEB 08
VALUATION AT 30 JUN 09 $22.8m	VALUATION AT 30 JUN 09 $38.7m
VALUER CBRE	VALUER CBRE
LAST EXTERNAL VALUATION DATE 30 Jun 09	LAST EXTERNAL VALUATION DATE 30 Jun 09
CAPITALISATION RATE 8.00%	CAPITALISATION RATE 8.50%
DISCOUNT RATE 9.50%	DISCOUNT RATE 9.75%
CENTRE MAT $52m	CENTRE MAT NA
maJor TENaNTS NLa SQm LEaSE EXpiry	maJor TENaNTS NLa SQm LEaSE EXpiry
COLES 4,000 May12	K-MART 4,728 Mar 24
MY CHEMIST 249 May15	FIRST CHOICE LIQUOR 1,118 Mar 19

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 2.0%	VACANCY 29.6%
FY10 15.0%	FY10 0.0%
FY11 2.7%	FY11 0.0%
FY12 66.2%	FY12 0.0%
FY13 0.0%	FY13 0.0%
FY14 0.0%	FY14 12.6%
BEYOND 14.1%	BEYOND 57.8%
WALE 2.97 YEARS	WALE 7.76 YEARS

1 DEVELOPMENT COMPLETED MARCH 2009.

40 mirvac group PROPERTY COMPENDIUM

retail portfolio

INVESTMENT

==> picture [256 x 143] intentionally omitted <==

peninsula lifestyle nepean highway, mornington, vic

==> picture [256 x 143] intentionally omitted <==

kwinana huB gilmore avenue, kwinana, wa

DEScripTioN

Completed in 2005, this 32,000 sqm bulky goods centre services the growing region of the Mornington Peninsula.

DEScripTioN

Located in the outer southern Perth suburb of Kwinana, the centre currently comprises Woolworths and Coles. The centre offers future redevelopment potential.

Summary iNformaTioN

Summary iNformaTioN
GRADE		BulkyGoods Centre
OWNERSHIP		100% MPT
GLA		32,156 sqm
CAR SPACES		900
ACQUISITION DATE		Dec 03
VALUATION AT 30 JUN 09		$49.0m
VALUER		DIRECTORS VALUATION
LAST EXTERNAL VALUATION	DATE	31 Dec 08
CAPITALISATION RATE		8.75%
DISCOUNT RATE		10.00%
CENTRE MAT		N/A
maJor TENaNTS	NLa SQm	LEaSE EXpiry
CLIVE PEETERS	3,203	Aug10
FANTASTIC FURNITURE	2,280	Aug09

Summary iNformaTioN
GRADE		Sub Regional
OWNERSHIP		100% MPT
GLA		17,336 sqm
CAR SPACES		1,201
ACQUISITION DATE		Sep05
VALUATION AT 30 JUN 09		$25.0m
VALUER		DIRECTORS VALUATION
LAST EXTERNAL VALUATION	DATE	30 Jun 08
CAPITALISATION RATE		8.25%
DISCOUNT RATE		9.75%
CENTRE MAT		$90m
maJor TENaNTS	NLa SQm	LEaSE EXpiry
WOOLWORTHS	3,541	Aug10
COLES	2,670	Sep11

LEaSE EXpiry profiLE % arEa	LEaSE EXpiry profiLE % arEa
VACANCY 6.8%	VACANCY 1.0%
FY10 10.8%	FY10 45.3%

FY11 24.4%	FY11 24.7%
FY12 14.0%	FY12 16.7%
FY13 6.1%	FY13 11.2%
FY14 30.8%	FY14 1.2%
BEYOND 7.1%	BEYOND 0.0%
WALE 2.79 YEARS	WALE 1.24 YEARS

hotel portfolio

INVESTMENT

==> picture [256 x 143] intentionally omitted <==

the como melBourne 630 chapel street, south yarra, vic

DEScripTioN

The Como is a 107 room, 5 star boutique hotel which forms part of the mixed use Como complex in the sought after inner south-eastern suburb of South Yarra.

propErTy DETaiLS

propErTy DETaiLS
OWNERSHIP	100% MPT
NO OF ROOMS	107
OCCUPANCY	70.3%
AVERAGE ROOM RATE	$268.28
STAR RATING	5 star
ACQUISITION DATE	Aug98
VALUATION AT 30 JUN 09	$24.0m
VALUER	CBRE
LAST EXTERNAL VALUATION DATE	30 Jun 09
CAPITALISATION RATE	8.50%
DISCOUNT RATE	10.75%

propErTy	LocaTioN	oWNErSHip	roomS	BooK vaLuE
The Como Melbourne	South Yarra,VIC	100% MPT	107	$24.0m2
ToTaL			107	$24.0m

1 NET OF FF&E.

2 BOOK VALUE AS AT 30 JUNE 2009. EXCLUDES FF&E.

42 mirvac group PROPERTY COMPENDIUM

parking portfolio

INVESTMENT

==> picture [256 x 143] intentionally omitted <==

quay west car park 109 – 111 harrington street, sydney, nsw

==> picture [256 x 143] intentionally omitted <==

como centre car park chapel street, south yarra, vic

DEScripTioN

An eight level commercial car park comprising 600 spaces. The property is located under Quay West Suites in The Rocks area and close to the financial district of the Sydney CBD and several five star hotels. Two retail outlets are also incorporated at street level.

DEScripTioN

A multi-level car park comprising 629 spaces servicing the Como Centre complex including office, hotel, cinemas and retail.

propErTy DETaiLS

propErTy DETaiLS
OWNERSHIP	100% MPT
NUMBER OF BAYS	600
ACQUISITION DATE	Nov 89
VALUATION AT 30 JUN 09	$37.0m
VALUER	COLLIERS INTERNATIONAL
LAST EXTERNAL VALUATION DATE	30 Jun 09
CAPITALISATION RATE	8.50%
DISCOUNT RATE	10.75%

propErTy DETaiLS

propErTy DETaiLS
OWNERSHIP	100% MPT
NUMBER OF BAYS	629
ACQUISITION DATE	Aug98
VALUATION AT 30 JUN 09	$18.5m
VALUER	CBRE
LAST EXTERNAL VALUATION DATE	30 Jun 09
CAPITALISATION RATE	9.25%
DISCOUNT RATE	9.75%

					% of parKiNg
					porTfoLio
propErTy	LocaTioN	oWNErSHip	TypE	car SpacES	BooK vaLuE	BooK vaLuE
QuayWest	Sydney,NSW	100% MPT	Commercial	600	48.6%	$37.0m
The Como Centre	Melbourne,VIC	100% MPT	Commercial/Retail	629	24.3%	$18.5m
Riverside Quay	Melbourne,VIC	100% MPT	Commercial	560	27.1%	$20.7m
ToTaL				1,789	100.0%	$76.2m

==> picture [256 x 143] intentionally omitted <==

riverside quay car park corner riverside quay & southBank Boulevard, melBourne, vic

DEScripTioN

A separate building at the rear of MPT’s commercial complex providing a 560 space car park to the adjoining office buildings and surrounding Southbank precinct.

propErTy DETaiLS

propErTy DETaiLS
OWNERSHIP	100% MPT
NUMBER OF BAYS	560
ACQUISITION DATE	Apr 02
VALUATION AT 30 JUN 09	$20.7m
VALUER	M3
LAST EXTERNAL VALUATION DATE	30 Jun 09
CAPITALISATION RATE	8.75%
DISCOUNT RATE	9.75%

44 mirvac group PROPERTY COMPENDIUM

parking management

INVESTMENT

propErTy	LocaTioN	TypE	car SpacES	oWNErSHip
QuayWest	Sydney,NSW	Commercial	600	100% MPT1
BroadwayShoppingCentre	Sydney,NSW	Retail	1,850	50% MPT1
Rhodes ShoppingCentre	Rhodes,NSW	Retail	2,400	50% MPT1
Greenwood Plaza	North Sydney,NSW	Commercial/Retail	561	50% MPT1
Marriott Hotel	Sydney,NSW	Hotel	230	100% MWHF2
Chatswood Chase	Chatswood,NSW	Retail	2,330	Managed
67 Albert Avenue	Chatswood,NSW	Commercial	204	Managed
60 Margaret Street	Sydney,NSW	Commercial	141	50% MPT1
Warringah Mall	Warringah,NSW	Retail	4,460	Managed
Westpoint	Blacktown,NSW	Retail	4,800	Managed
John OxleyCentre	Brisbane,QLD	Commercial	319	100% MPT1
The Como Centre	Melbourne,VIC	Commercial/Retail	629	100% MPT1
Riverside Quay	Melbourne,VIC	Commercial	560	100% MPT1
ToTaL			19,084

==> picture [101 x 101] intentionally omitted <==

MANAGEMENT
DIVERSIFICATION
■OWNED	25.2%
■MANAGED	74.8%

1 MIRVAC PROPERTY TRUST. 2 MIRVAC WHOLESALE HOTEL FUND.

investment management

WHOLESALE FUNDS UNDER MANAGEMENT $1.3 BILLION FUNDS MANDATES MIRvaC WhOlEsalE hOTEl FUND aUsTRalIaNsUPER TRavElODgE gROUP MIRvaC WhOlEsalE REsIDENTIal DEvElOPMENT PaRTNERshIP CITY REgENERaTION FUND

RETAIL FUNDS UNDER MANAGEMENT $2.3 BILLION LISTED UNLISTED MIRvaC REal EsTaTE INvEsTMENT TRUsT MIRvaC PFa DIvERsIFIED PROPERTY TRUsT[ 1 ] MIRvaC INDUsTRIal TRUsT MIRvaC TOURIsT PaRk FUND[ 2] MIRvaC DEvElOPMENT FUND – sEasCaPEs MIRvaC DEvElOPMENT FUND – MEaDOW sPRINgs

JOINT VENTURES 3,4	FUNDS UNDER MANAGEMENT $3.7 BILLION
AUSTRALIAN – FUNDS	INTERNATIONAL – FUNDS
JF INFRasTRUCTURE YIElD FUND	QUaDRaNT FUND5
aUsTRalIaN sUsTaINablE FOREsTRY INvEsTORs	CalIFORNIa COMMUNITY MORTgagE5
NEW ZEalaND sUsTaINablE FOREsTRY INvEsTORs	CORE MORTgagE FUNDs 1 & 25
MIRvaC aQUa INCOME FUND	INsTITUTIONal COMMERCIal MORTgagE FUND NOs 2 TO 55
MIRvaC aQUa hIgh INCOME FUND
MIRvaC aQUa ENhaNCED INCOME FUND
MIRvaC aQUa sENIOR DEbT POOl
MIRvaC aQUa CONsTRUCTION DEbT POOl
MIRvaC aQUa MEZZaNINE DEbT POOl
aUsTRalIaN MEZZaNINE CaPITal FUND6

AUSTRALIAN – MANDATES INTERNATIONAL – MANDATES INTERNaTIONal PaRkINg gROUP QUaDRaNT REal EsTaTE aDvIsORs TElsTRa DOME hEalTh sUPER PTY lTD[ 5] PRIvaTE ClIENT MaNDaTEs

1 DELISTED FROM BENDIGO STOCK EXCHANGE ON 29 JULY 2009.
2 UNITHOLDERS MEETING CALLED FOR 3 SEPTEMBER 2009. SUBJECT TO UNITHOLDERS APPROVAL, MFML WILL RETIRE AS RESPONSIBLE ENTITY AND VALUESTREAM APPOINTED AS RESPONSIBLE ENTITY.
3 FIGURES QUOTED ARE AFTER ADJUSTMENTS FOR JOINT VENTURE INTERESTS (BEFORE ADJUSTING FOR JOINT VENTURE INTERESTS FUM TOTAL IS $7.3 BILLION).
4 MIRVAC IS A 50 PER CENT OWNER OF THE MANAGEMENT ENTITY.
5 FUNDS MANAGED BY QUADRANT REAL ESTATE ADVISORS.
6 MANAGED BY QUADRANT REAL ESTATE ADVISORS AND CHANGE OF FUND NAME FROM 1 JULY 2009.

46 mirvac group PROPERTY COMPENDIUM

investment management / wholesale

MIRVAC WHOLESALE HOTEL FUND

focuS	fum ($m) 1	No of iNvESTorS
Wholesale	496.7	6

Mirvac Wholesale Hotel Fund is an open-ended, sector specific Fund with initial investor equity of $320 million and a portfolio of six Australian hotels located in Sydney, Melbourne, Brisbane and Cairns. Total value of the portfolio is over $482.6 million.

The Fund’s portfolio consists of four hotels acquired from Carlton Hotel Group in 2006, together with the Marriott Hotel Sydney and a 50 per cent interest in The Sebel Cairns, both of which were acquired from Mirvac in June 2007. All six hotels are of a 4.0 to 4.5 star standard and provide a total of 1,828 rooms.

Subsequent to 30 June 2009, the Fund settled on its seventh asset the Courtyard by Marriott Hotel at North Ryde for $31 million. Funding was provided via new investor equity of $21.5 milllion and debt of $12.0 million.

Details of the Fund’s investment portfolio are available from www.mirvac.com/mwhf.

TRAVELODGE GROUP

focuS	fum ($m) 1	No of iNvESTorS
Wholesale	370.8	3

The Travelodge Group is an open-ended sector specific wholesale fund that focuses on the 3.0 to 3.5 star hotel market in Australia and New zealand. The portfolio currently comprises 13 hotels all of which are leased to Value Lodging Pty Limited a subsidiary of Toga Hospitality. Details of the Travelodge Group’s investment portfolio are available from www.mirvac.com/travelodge-group.

1 SUBJECT TO FINAL AUDIT AND BOARD APPROVAL.

MIRVAC WHOLESALE RESIDENTIAL DEVELOPMENT PARTNERSHIP

focuS	fum ($m) 1,2	END vaLuE ($m) 2	No of iNvESTorS
Wholesale	287.5	2,088	4

The Mirvac Wholesale Residential Development Partnership is a closed-end vehicle that has acquired interests in 10 well located residential development/management projects around Australia, that are diversified by geography, product type, timing and stage of the development cycle. The portfolio comprises 2,298 lots and 1,167 medium density units.

The Partnership has raised equity commitments of $300 million, including Mirvac’s 20 per cent co-investment, of which $287.5 million has been applied to the establishment of the current portfolio.

Details of the Partnership’s investment portfolio are available from www.mirvac.com/mwrdp.

CITY REGENERATION PARTNERSHIP

focuS	fum ($m)	3,	4	No of iNvESTorS
Partnership	79.6			3

The GBP £165 million City Regeneration Partnership was launched in March 2007 acquiring its first property Broadway Chambers in Stratford, London. In August 2007, a major global investor committed to taking 75 per cent of the GBP £50 million equity target. Mirvac has committed to co-invest 20 per cent alongside the UK Senior Management commitment of 5 per cent. HBOS has provided a GBP £115 million debt facility. The Fund is a closed end, six year structure with options to extend by two years.

The Partnership's investment strategy is to acquire commercial income producing properties in key locations around Central London and the Southeast of England for residential led mixed use urban regeneration development.

		acQuiSiTioN	acQuiSiTioN
DEvELopmENT	LocaTioNS	DaTE	pricE ($m)	TypE
BroadwayChambers	Stratford,London Borough of Newham	Apr 07	$26.4m5	Residential – mixed use development
Brandon House	Borough,London Borough of Southwark	Feb 08	$40.2m5	Residential – mixed use development
ToTaL			$66.6m

1 THE FUM NUMBER REPRESENTS CONTRIBUTED EQUITY.

2 FUM AND END VALUE ARE FORECAST TO 30 JUNE 2009.

3 AUD/GBP EXCHANGE RATE OF 0.4872.

4 FUM IS BASED ON CURRENT INVENTORY VALUE NOT NAV. 5 ACQUISITION EXCHANGE RATE.

48 mirvac group PROPERTY COMPENDIUM

investment management / wholesale – mandates

AUSTRALIANSUPER

focuS	fum ($m)	END vaLuE ($m)	No of iNvESTorS
Wholesale	103.4	1,187.4	2

Mirvac Investment Management manages a separate value-added/opportunistic mandate on behalf of AustralianSuper, a leading Australian super fund with over $29 billion in assets.

The mandate is primarily focused on value-add projects including refurbishment and re-letting of existing buildings across the commercial, retail, industrial and residential property sectors and property development. Mirvac co-invests with AustralianSuper in each project.

At 30 June 2009, AustralianSuper had $103.4 million in equity invested in a total of three projects.

aSSET STaTE TypE	aSSET oWNErSHip
	auSTraLiaNSupEr mirvac
8 – 12 ChifeySquare,Sydney NSW Commercial development	50% 50%
The Peninsula,Burswood WA Residential development	50% 50%
664 Collins Street,Melbourne VIC Commercial development	50% 50%

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the peninsula, Burswood, wa
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50 mirvac group PROPERTY COMPENDIUM

investment management / listed – retail

MIRVAC REAL ESTATE INVESTMENT TRUST

focuS	fum ($m)	No of iNvESTorS
Listed	1,021.3	25,412

Mirvac Real Estate Investment Trust (MREIT) is a separately listed diversified property trust trading on the ASX.

MREIT’s major investments are direct property including interests in six commercial properties, nine retail centres, seven business park/industrial properties and an interest in 13 Travelodge hotels.

At 30 June 2009 MREIT had gross assets of approximately $1.02 billion.

Details of MREIT’s investment portfolio are available from www.mirvac.com/mrz.

MIRVAC INDUSTRIAL TRUST

focuS	fum auD ($m)1, 2	No of iNvESTorS
Listed	565.3	2,384

Mirvac Industrial Trust (MIX) is an ASX listed property Trust. The portfolio consists of 64 industrial assets leased to a diverse range of quality tenants in and around the Greater Chicago region. At 30 June 2009, MIX had gross assets of approximately $565.1 million.

Details of MIX’s investment portfolio are available from the Trust’s website www.mirvac.com/mix.

MIRVAC PFA DIVERSIFIED PROPERTY TRUST

focuS	fum ($m)	No of iNvESTorS
Listed	601.1	4,222

Mirvac PFA Diversified Property Trust was listed on the Bendigo Stock Exchange until 29 July 2009 and is now an unlisted property Trust. The Trust owns a portfolio of 19 quality Australian properties, diversified across the retail, commercial, industrial and hotel sectors.

Details of the Trust’s investment portfolio are available from www.mirvac.com/mpfa.

unlisted – retail

INVESTMENT

focuS	fum ($m) 1	No of iNvESTorS
Retail	100.5	700

Mirvac Investment Management provides sector specific and specialised unlisted funds, across the retail market. At 30 June 2009, Mirvac Investment Management had three active unlisted funds with approximately $100.6 million under management.

Details of the unlisted fund portfolio are available from www.mirvac.com/investmentmanagement.

1 SUBJECT TO FINAL AUDIT AND BOARD APPROVAL.

2 AUD/USD EXCHANGE RATE OF 0.8114.

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3 rider Boulevard, rhodes, nsw
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52 mirvac group PROPERTY COMPENDIUM

investment management / jv australia

MIRVAC AQUA

focuS	fum ($m) 1,2	No of iNvESTorS
Retail/Wholesale	196.5m	1,636

Mirvac AQUA is an investment management company equally owned by Mirvac Real Estate Debt Funds Pty Limited and AQUA Funds Management Pty Limited, a wholly owned subsidiary of Balmain NB Corporation Limited. Mirvac AQUA has been engaged by Mirvac Investment Management to provide investment management services in connection with the Funds.

fuND	aSSET	fuND SiZE 1
	Invests in:
	Mirvac AQUA Senior Debt Pool
	Mirvac AQUA Construction Debt Pool
Mirvac AQUA High Income Fund	Mirvac AQUA Mezzanine Debt Pool	$143.0m
	Invests in:
	Mirvac AQUA Senior Debt Pool
	Mirvac AQUA Construction Debt Pool
Mirvac AQUA Enhanced Income Fund	Mirvac AQUA Mezzanine Debt Pool	$4.8m
Mirvac AQUA Income Fund	Invests in Mirvac AQUA Senior Debt Pool	$43.3m
	Includes investments by Mirvac AQUA Income Fund,
Mirvac AQUA Senior Debt Pool	High Income Fund and Enhanced Income Fund	$43.0m
	Includes investments by Mirvac AQUA High Income Fund
Mirvac AQUA Construction Debt Pool	and Enhanced Income Fund	$11.6m
	Includes investments by Mirvac AQUA High Income Fund
Mirvac AQUA Mezzanine Debt Pool	and Enhanced Income Fund	$131.3m

1 AFTER PROVISION FOR IMPAIRMENT IN ASSETS.

2 BEFORE ADJUSTING FOR JOINT VENTURE INTERESTS.

JF INFRASTRUCTURE

focuS	fum ($m) 1,2	No of iNvESTorS
Wholesale	212.8	61
Mandates	575.8	6

JF Infrastructure (JFI) is a 50/50 joint venture between Mirvac and Leighton Holdings Limited (LHL).

JFI brings together Mirvac’s and LHL’s complementary expertise in investment management, infrastructure development, construction and investment respectively.

JFI’s strategy is to use this combined expertise to capture the significant synergies between the property sector and related infrastructure sector, for the benefit of its investors.

WHOLESALE FUNDS

fuND	aSSETS	groSS aSSETS 3
	20.8% equity interest in International Parking Group the benefcial owner
	of nine major hospital car parks in Sydney and Brisbane.
	33.3% equity interest in BAC Airports Group, which benefcially
	owns Bankstown and Camden Airports in Sydney.
	22.4% equity interest in JF Stadium Trusts which are the owners
JF Infrastructure Yield Fund	of Etihad Stadium,Melbourne.	$76.0m 3
	20,552 hectares of freehold forestry land in Victoria,
Australian Sustainable Forestry Investors	South Australia and Western Australia.
	12,881 hectares of freehold forestry land in Gisborne, New zealand
New zealand Sustainable ForestryInvestors	stocked with 8,733 hectares of standingradiatapine.	$136.8m 3
ToTaL WHoLESaLE fuNDS		$212.8m

MANDATES

maNDaTE	aSSETS	groSS aSSETS 1
Etihad Stadium	Etihad Stadium,Melbourne	$359.3m 3
International ParkingGroup	Leases/Licenses held over nine major hospital carparks	$189.9m 3,4
Private clients	Mandates managed on behalf ofprivate clients	$26.6m
ToTaL maNDaTES		$575.8m

1 SUBJECT TO FINAL BOARD APPROVAL.

2 BEFORE ADJUSTING FOR JOINT VENTURE INTERESTS. 3 LATEST INDEPENDENT VALUATION 30 JUNE 2009.

4 SUBJECT TO AUDIT COMPLETION.

54 mirvac group PROPERTY COMPENDIUM

investment management / jv international

QUADRANT REAL ESTATE ADVISORS

focuS	fum ($m) 1,2
Wholesale Funds	195.1
Mandates	6,001.1

Quadrant Real Estate Advisors, LLC has offices in the United States (Atlanta, Georgia) and in Sydney, and provides real estate investment management services to institutional investors with current assets under management of approximately A$6.2 billion. Quadrant is a 50/50 joint venture between the senior management of Quadrant and Mirvac.

The management team has been advising institutional investors since the early 1990s and develops and manages investment strategies on behalf of a wide range of United States and Australian institutional (wholesale) investors across the public and private debt and equity real estate markets.

Clients include:

Health Super Pty Limited
California Public Employees’ Retirement System (CalPERS)
AXA – Equitable Life
TIAA – CREF
Denver Public Schools Retirement System
Minnesota State Board of Investment

Quadrant’s strategy is to continue to develop leading edge public and private real estate investment products which provide access to targeted sectors of the United States and Australian income producing real estate markets.

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ASSET UNDER MANAGEMENT
(by fund type) [1]
■ WHOLESALE FUNDS 3%
■ SEPARATE MANDATES 97%
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ASSET UNDER MANAGEMENT
(by property type)
■ COMMERCIAL 30%
■ RETAIL 17%
■ MULTI-FAMILY 19%
■ OTHER 9%
■ INDUSTRIAL 17%
■ HOTELS 8%
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AUSTRALIAN MEZZANINE CAPITAL FUND[ 3]

focuS	fum ($m)	No of iNvESTorS
Wholesale	118.4m	2

The Australian Mezzanine Capital Fund consists of two investment mandates between the Government Investment Corporation of Singapore and Mirvac Capital Investments.

aSSET			fuND SiZE
Mortgages over	6	properties/projects	$158.2m

1 AUD/USD EXCHANGE RATE OF 0.8114.

2 BEFORE ADJUSTING FOR JOINT VENTURE INTERESTS.

3 MANAGED BY QUADRANT REAL ESTATE ADVISORS AND CHANGE OF FUND NAME FROM 1 JULY 2009.

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sydney citigate, sydney, nsw
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56 mirvac group PROPERTY COMPENDIUM

investment management / hotels

HOTEL MANAGEMENT PORTFOLIO

	STaTE	No of
propErTy	LocaTioN	roomS	oWNErSHip
NSW
QuayGrand Suites Sydney	NSW	66	Strata/Management Lot
QuayWest Suites Sydney	NSW	108	Strata/Management Lot
The Sebel Pier One Sydney	NSW	160	Managed
SydneyMarriott Hotel	NSW	241	Managed
The Sebel Residence Chatswood	NSW	54	Strata/Management Lot
The Sebel SurryHills Sydney	NSW	270	Managed
The Sebel Kirkton Park Hunter Valley	NSW	71	Managed
The Sebel Resort & Spa HawkesburyValley	NSW	104	Managed
The Sebel Harbourside,Kiama	NSW	88	Managed/Strata
The Sebel ManlyBeach	NSW	83	Strata/Management Lot
QuayWest Resort Magenta Shores	NSW	94	Strata/Management Lot
Citigate Central Sydney	NSW	255	Managed
The Sebel Parramatta	NSW	194	Managed
Harbour Rocks Hotel	NSW	55	Managed
vic
The Como Melbourne	VIC	107	100% Owned
QuayWest Suites Melbourne	VIC	99	Strata/Management Lot
The Sebel Melbourne	VIC	115	Strata/Management Lot
The Sebel Heritage Yarra Valley	VIC	102	Managed/Strata
Citigate Melbourne	VIC	179	Managed
Citigate Albert Park Melbourne	VIC	132	Managed
The Sebel Albert Park Melbourne	VIC	247	Managed
Hotel Lindrum Melbourne	VIC	59	Managed
QuayWest Resort & Spa Falls Creek	VIC	40	Managed/Strata
QLD
QuayWest Suites Brisbane	QLD	61	Strata/Management Lot
The Sebel Suites Brisbane	QLD	166	Strata/Management Lot
The Sebel Cairns	QLD	321	Managed
The Sebel Maroochydore	QLD	63	Strata/Management Lot
Sea Temple Resort & Spa Palm Cove	QLD	89	Strata/Management Lot
The Sebel Reef House & Spa Palm Cove	QLD	69	Managed
The Sebel Resort Noosa	QLD	73	Strata/Management Lot
Sea Temple Resort & Spa Port Douglas	QLD	146	Strata/Management Lot
Citigate KingGeorge Square Brisbane	QLD	228	Managed
The Sebel KingGeorge Square Brisbane	QLD	210	Managed
Cairns Harbour Lights	QLD	93	Strata/Management Lot
Wa
QuayWest Resort Bunker Bay	WA	150	Strata/Management Lot
The Sebel Residence East Perth	WA	57	Managed
Citigate Perth	WA	278	Managed
The Sebel Mandurah	WA	84	Strata/Management Lot

			57 i
	STaTE	No of
propErTy	LocaTioN	roomS	oWNErSHip
Sa
The Sebel Playford Adelaide	SA	182	Franchise
TaS
The Sebel Launceston	TAS	51	Managed
NZ
QuayWest Suites Auckland	Nz	54	Strata/Management Lot
The Sebel Suites Auckland	Nz	122	Strata/Management Lot
The Sebel TrinityWharf Tauranga	Nz	122	Managed
vaNuaTu
The Sebel Vanuatu	VAN	74	Managed
ToTaL NumBEr of roomS aT 30 JuNE 2009		5,616

FUTURE HOTELS

	STaTE	No of
propErTy NamE	LocaTioN	roomS	opENiNg
The Sebel DeepBlue Warrnambool	VIC	84	FY10
Citigate Mount Panorama Bathurst	NSW	133	FY10
The Sebel Newcastle Beach	NSW	89	FY11
The Sebel Leighton Beach Perth	WA	100	FY11
ToTaL HoTEL opENiNgS		406

GEOGRAPHIC DIVERSIFICATION

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■ NSW 32.8%
■ VIC 19.2%
■ QLD 27.2%
■ WA 10.1%
■ SA 3.2%
■ TAS 0.9%
■ NZ 5.3%
■ VAN 1.3%
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OWNERSHIP DIVERSIFICATION

	■STRATA 30.6%
	■MANAGED 64.2%
	■OWNED 1.9%
	■FRANCHISE 3.3%

58 mirvac group PROPERTY COMPENDIUM

development $9.0 Billion

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the peninsula, Burswood, wa
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residential development 25,353 lots

60 mirvac group PROPERTY COMPENDIUM

residential development

RESIDENTIAL PIPELINE

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FORECAST REVENUE

■ NSW 21.1% ■ VIC 5.6% ■ QLD 32.5% ■ WA 40.6% ■ SA 0.2%

LOTS UNDER CONTROL

■ NSW 17.4% ■ VIC 34.3% ■ QLD 16.9% ■ WA 29.1% ■ SA 2.4%

$9.6 BILLION

25,353 LOTS

RESIDENTIAL FORECAST REVENUE

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d
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MIRVAC SHARE FORECAST REVENUE

■ NSW 22.3% ■ VIC 8.4% ■ QLD 43.9% ■ WA 25.1% ■ SA 0.2%

$6.1 BILLION

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HOUSE AND LAND $3.1 BILLION

APARTMENTS $3.0 BILLION

■ NSW 21.5% ■ NSW 23.2% ■ VIC 16.3% ■ VIC 0.1% ■ QLD 42.1% ■ QLD 45.8% ■ WA 19.6% ■ WA 30.9% ■ SA 0.5%

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62 mirvac group PROPERTY COMPENDIUM

residential development

NEW SOUTH WALES

==> picture [229 x 687] intentionally omitted <==

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5
7 6
13 8 9
12 11 10
SYDNEY CBD
14 13
15 16
17
18
19 20
22 21
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1
2
3
4
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NELSON BAY 2. GILLIESTON
FLETCHER
THE ROYAL, NEWCASTLE
MAGENTA SHORES, NTH ENTRANCE
BURNS ROAD, WAHROONGA 7. RIVERSTONE
NEWBURY, STANHOPE 9. CHELSEA GARDENS, CASTLE HILL 10. THE SELDON, LINDFIELD
SPRINGDALE KILLARA
EDGEWOOD, WOODCROFT
RHODES WATERSIDE, RHODES 14. ASHGROVE, AUBURN
MIDDLETON GRANGE
NEWINGTON
ENDEAVOUR HOUSE, COOGEE
PANORAMA, GLENFIELD
GARDEN GATES, MOUNT ANNAN
MORNINGTON, HOLSWORTHY
LEUMEAH
SPRING FARM

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d
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newington, nsw
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MIRVAC SHARE
FORECAST REVENUE
$1.4 BILLION
■HOUSES / LAND	49.2%
■APARTMENTS	50.8%

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LOTS UNDER	CONTROL
4,413
■HOUSES / LAND	78.3%
■APARTMENTS	21.7%

64 mirvac group PROPERTY COMPENDIUM

residential development / in progress

NEW SOUTH WALES

			proJEcT
	acQuiSiTioN		vaLuE	ToTaL				SETTLEmENT DaTE1
propErTy	DaTE	LocaTioN	(iNcL. gST)	LoTS	rELEaSED	EXcHaNgED	SETTLED	from	To
NEWiNgToN	Dec 96	Newington	$404m	598	598	598	598	Feb 03	Mar 09
THE SELDoN	Mar 04	Lindfeld	$102m	74	74	74	74	Jun 04	Apr 09
SpriNgDaLE	Jun 03	Killara	$73m	60	60	26	26	Nov 07	Dec 10
magENTa SHorES	Oct 01	North Entrance	$256m	243	243	135	133
Completed Stages			$130m	113	113	113	113	Mar 07	Aug07
Villas Stage 2			$40m	58	58	2	1	Mar 09	Jun 13
Houses Stage 2			$46m	44	44	9	9	Nov 07	Aug13
Houses Stage 8			$14m	9	9	0	0	Jun 10	Jan 12
Villas Stage 1			$3m	4	4	3	3	Dec 06	Sep09
Houses Stage 1 + 1A			$11m	10	10	6	5	Nov 06	Sep11
Beach Houses(stage 9)			$12m	5	5	2	2	Mar 07	Feb 11
THE royaL	Jun 07	Newcastle	$198m	157	157	76	0
Stage 1A			$103m	84	84	36	0	Apr 10	Apr 11
Stage 1B			$95m	73	73	40	0	Oct 10	Oct 11
rHoDES WaTErSiDE
mWrDp	Jan 073	Rhodes	$318m	481	481	297	243
Completed Stages			$57m	95	95	95	95	May08	Aug08
Stage 4 Amarco			$149m	222	222	51	0	Dec 09	May12
Stage 6 Tandara			$112m	164	164	151	148	Feb 09	Feb 10

1 SETTLEMENT DATES MAY VARY AS CIRCUMSTANCES CHANGE.

2 CONSTRUCTION PROGRESS AS A PERCENTAGE OF COST, WHICH INCLUDES LAND SUBDIVISION BUT NOT LAND ACQUISITION. 3 TRANSACTION DATE.

				65 d
currENT pricE raNgE	proJEcT pErioD coNSTrucTioN
from/To	(caLENDEr yEar)	progrESS 2	DEScripTioN	oWNErSHip STrucTurE
				50% Mirvac Limited
$430,000 – $750,000	mid 2003 – mid 2009	100%	Houses and apartments	50% Lend Lease
$775,000 – $2.2m	mid 2004 – mid 2009	100%	Apartments	100% Mirvac Limited
$1.0m – $2.5m	early2006 – mid 2010	100%	Apartments	100% Mirvac Limited
				100% Mirvac Limited
$590,000 – $3.4m	early2005 – mid 2007	100%	Homes and villas
$595,000 – $2.4m	end 2006 – mid 2013	100%	Villas andgolf front houses
$935,000 – $1.7m	end 2006 – mid 2013	100%	Golf front houses
$1.8m – $2.4m	mid 2007 – mid 2012	100%	Beach front houses
$590,000 – $745,000	early2005 – mid 2009	100%	Villas
$1.0m – $1.6m	mid 2005 – mid 2011	100%	Golf front houses
$2.3m – $2.4m	mid 2005 – early2011	100%	Beach front houses
			Apartments	100% Mirvac Limited
$290,000 – $4.2m	mid 2007 – end 2011	30%
$295,000 – $4.5m	mid 2007 – end 2011	30%
				100% MWRDP
				(Mirvac Limited 20%
			Apartments	equityinterest)
$380,000 – $920,000	end 2006 – mid 2008	100%
$459,000 – $1.3m	early2008 – mid 2012	80%
$460,000 – $1.4m	mid 2007 – mid 2011	100%

66 mirvac group PROPERTY COMPENDIUM

residential development / proposed

NEW SOUTH WALES

			proJEcT
	acQuiSiTioN		vaLuE	ToTaL	proJEcT pErioD
propErTy	DaTE	LocaTioN	(iNcL. gST)	LoTS	(caLENDEr yEar)	DEScripTioN	oWNErSHip STrucTurE
magENTa SHorES	Oct 01	North Entrance	$278m	249	mid 2012 – mid 2016	Golf front houses	100% Mirvac Limited
ENDEavour HouSE	Apr 03	Coogee	$191m	135	end 2010 – mid 2012	Houses	100% Mirvac Limited
THE royaL	Jun 07	Newcastle	$228m	174	early2012 – end 2014	Apartments	100% Mirvac Limited
							100% MWRDP
rHoDES WaTErSiDE							(Mirvac Limited 20%
mWrDp	Jan 07	Rhodes	$261m	353	mid 2010 – mid 2014	Apartments	equityinterest)

magenta shores, north entrance, nsw

68 mirvac group PROPERTY COMPENDIUM

residential development / in progress

NEW SOUTH WALES / HOMES

			proJEcT
	acQuiSiTioN		vaLuE	ToTaL				SETTLEmENT DaTE1
propErTy	DaTE	LocaTioN	(iNcL. gST)	LoTS	rELEaSED	EXcHaNgED	SETTLED	from	To
paNorama	Jun 01	Glenfeld	$166m	465	250	222	185
Stage 1A			$38m	98	97	96	96	Dec 05	Dec 09
Stage 1B			$46m	124	121	112	83	Dec 05	Apr 11
Stage 1C			$15m	39	32	14	6	Jan 09	Jul 11
Stage 2A			$67m	204	0	0	0	Jan 10	Nov 13
NEWBury ESTaTE	Dec 99	Stanhope	$210m	1,726	1,631	1,610	1,586
Completed Stages			$34m	198	198	198	198	Jun 04	Jun 09
Stage 1			$22m	241	238	237	237	Jun 02	Sep09
Stage 2			$36m	384	380	380	379	Sep02	Jul 09
Stage 4			$26m	242	242	240	239	Feb 04	Jul 09
Stage 5			$37m	243	233	227	227	Jun 04	Dec 09
Stage 6			$24m	175	169	166	165	Jan 06	Oct 09
Stage 7			$32m	243	171	162	141	Sep06	Jun 11
EDgEWooD	Apr 03	Woodcroft	$121m	388	388	363	354
Completed Stages			$49m	146	146	146	146	Jan 07	Nov 09
Stage 1			$25m	79	79	78	78	Feb 06	Nov 09
Stage 2			$5m	16	16	14	13	Sep06	Nov 09
Stage 3			$21m	74	74	68	67	Nov 06	Nov 09
Stage 4			$20m	73	73	57	50	Jul 07	Dec 09
aSHgrovE	Jun 02	Auburn	$77m	166	164	154	142
Completed Stages			$25m	56	56	56	56	Feb 07	Jun 09
Stage 2			$11m	18	18	17	17	Feb 07	Jun 09
Stage 3			$16m	39	38	38	38	Feb 07	Jun 09
Stage 4			$11m	18	17	11	0	Feb 07	Jun 10
Stage 5			$14m	35	35	32	31	Feb 07	Jun 09

1 SETTLEMENT DATES MAY VARY AS CIRCUMSTANCES CHANGE.

2 CONSTRUCTION PROGRESS AS A PERCENTAGE OF COST, WHICH INCLUDES LAND SUBDIVISION BUT NOT LAND ACQUISITION.

					69 d
currENT pricE raNgE	proJEcT pErioD	coNSTrucTioN
from/To	(caLENDEr yEar)		progrESS2	DEScripTioN	oWNErSHip STrucTurE
					100% Mirvac Limited
$250,000 – $500,000	mid 2001 to mid	2011	95%	Mix of residential and retail lots
$250,000 – $480,000	mid 2001 to mid	2011	85%	Mix of residential and retail lots
$280,000 – $465,000	mid 2001 to end	2011	20%	Spec housing
$190,000 – $450,000	mid 2001 to mid	2014	5%	Residential lots and spec houses
				Mix of residential and retail lots	PDA with Landcom
$165,000 – $18.0m	mid 2000 – mid 2009		100%
$150,000 – $530,000	mid 2000 – late 2009		100%
$208,000 – $560,000	mid 2000 – mid 2009		100%
$225,000 – $550,000	mid 2000 – end 2009		100%
$200,000 – $540,000	mid 2000 – end 2009		95%
$248,000 – $550,000	mid 2000 – end 2009		100%
$200,000 – $540,000	mid 2000 – mid 2011		85%
				Mix of residential and retail lots	PDA with CSR Limited
$318,000 – $365,000	early2005 – end	2009	100%
$245,000 – $570,000	early2005 – end	2009	100%
$250,000 – $255,000	early2005 – end	2009	100%
$246,000 – $435,000	early2005 – end	2009	100%
$250,000 – $345,000	early2005 – end	2009	100%
	end 2003 – mid 2011			Residential estate	100% Mirvac Limited
$280,000 – $595,000			100%
$575,000 – $592,000			100%
$185,000 – $455,000			100%
$580,000 – $592,000			95%
$285,000 – $455,000			100%

70 mirvac group PROPERTY COMPENDIUM

residential development / in progress

NEW SOUTH WALES / HOMES

			proJEcT
	acQuiSiTioN		vaLuE	ToTaL				SETTLEmENT DaTE1
propErTy	DaTE	LocaTioN	(iNcL. gST)	LoTS	rELEaSED	EXcHaNgED	SETTLED	from	To
morNiNgToN	Feb 03	Holsworthy	$98m	255	255	255	255	Feb 06	Jan 09
cHELSEa garDENS	Jun 02	Castle Hill	$50m	63	23	23	23	Aug07	Mar 11
LEumEaH	Jul 05	Leumeah	$26m	92	83	38	12
Stage 1			$10m	27	18	9	0	July09	Aug10
Stage 2			$16m	65	65	29	12	Jun 09	Jul 10
giLLiESToN	Jul 06	Gillieston	$73m	397	85	33	27	Jan 08	Nov 14
garDEN gaTES	Apr 07	Mount Annan	$4m	17	17	17	17	Jan 09	Jun 09
SpriNg farm	Jun 08	SpringFarm	$49m	175	160	84	76
Stage 1			$37m	123	123	84	76	May07	Jun 10
Stage 2A			$12m	52	37	0	0	Oct 09	Jun 10
NELSoN Bay	Jun 07	Nelson Bay	$8m	18	18	17	17	Nov 08	Aug09
miDDLEToN graNgE	Sep07	Middleton	$46m	262	128	31	22
Stage 1A			$17m	91	91	30	22	Apr 09	Sep09
Stage 1B			$10m	60	37	1	0	Sep09	Apr 10
Stage 2			$19m	111	0	0	0	Feb 10	Jul 10
fLETcHEr	Dec 07	Fletcher	$35m	257	73	20	17	Nov 08	Dec 12
BurNS roaD	Nov 02	Wahroonga	$25m	17	17	9	1	Jul 09	Jan 10

1 SETTLEMENT DATES MAY VARY AS CIRCUMSTANCES CHANGE.

2 CONSTRUCTION PROGRESS AS A PERCENTAGE OF COST, WHICH INCLUDES LAND SUBDIVISION BUT NOT LAND ACQUISITION.

				71 d
currENT pricE raNgE	proJEcT pErioD coNSTrucTioN
from/To	(caLENDEr yEar)	progrESS 2	DEScripTioN	oWNErSHip STrucTurE
$365,000 – $415,000	mid 2003 – early2009	100%	Residential estate	100% Mirvac Limited
$685,000 – $920,000	mid 2002 – mid 2011	66%	Residential estate	100% Mirvac Limited
			Houses
$325,000 – $410,000	mid 2005 – mid 2010	47%		100% Mirvac Limited
$325,000 – $410,000	early2006 – mid 2010	55%		PDA with Lombard PtyLtd
$142,000 – $350,000	early2008 – end 2014	25%	Residential estate	100% Mirvac Limited
$345,000 – $359,000	mid 2007 – mid 2009	100%	Houses	PDA with Landcom
				100% Mirvac Limited
$185,000 – $450,000	mid 2008 – end 2010	100%	Residential estate
$170,000 – $400,000	mid 2008 – end 2010	10%	Built form and land lots
$365,000 – $469,000	mid 2007 – mid 2009	100%	Houses	100% Mirvac Limited
			Residential estate	PDA with Landcom
$176,000 – $290,000	mid 2007 – end 2009	100%
$181,000 – $299,000	mid 2007 – mid 2010	100%
$180,000 – $310,000	mid 2007 – mid 2010	0%
$159,000 – $249,000	end 2007 – end 2012	25%	Residential estate	PDA with Kingston Fletcher
$1.3m – $2.1m	end 2002 – early2010	100%	Detached homes including1 heritage house	100% Mirvac Limited

72 mirvac group PROPERTY COMPENDIUM

residential development / proposed

NEW SOUTH WALES / HOMES

			proJEcT
	acQuiSiTioN		vaLuE	ToTaL	proJEcT pErioD
propErTy	DaTE	LocaTioN	(iNcL. gST)	LoTS	(caLENDEr yEar)	DEScripTioN	oWNErSHip STrucTurE
						Mix of residential
paNorama	Jun 01	Glenfeld	$77m	216	end 2007 – end 2014	and retail lots	100% Mirvac Limited
						Houses and
aSHgrovE	Jun 02	Auburn	$49m	97	end 2007 – mid 2011	apartments	100% Mirvac Limited
						Mix of residential
rivErSToNE	Sep03	Riverstone	$11m	5	mid 2009 – mid 2010	and retail lots	100% Mirvac Limited
SpriNg farm	Jun 08	SpringFarm	$6m	6	mid 2008 – mid 2010	Houses	100% Mirvac Limited
						Mix of residential
miDDLEToN graNgE	Sep07	Middleton	$245m	1,066	mid 2007 – early2014	and retail lots	PDA with Landcom

==> picture [567 x 540] intentionally omitted <==

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

newBury estate, stanhope, nsw
----- End of picture text -----

74 mirvac group PROPERTY COMPENDIUM

residential development

QUEENSLAND

==> picture [568 x 687] intentionally omitted <==

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

1 1. MARINER’S PENINSULA, TOWNSVILLE
2. WATERFRONT, NEWSTEAD
3. WATERLINE, BULIMBA
4. MOSSVALE ON MANLY
5. THE SANCTURY, MOGGILL
6. TENNYSON RIVERSIDE
7. BROOKWATER, SPRINGFIELD
8. GAINSBOROUGH GREENS, PIMPAMA
9. EPHRAIM ISLAND
10. HOPE ISLAND
2
3
4
6
5
BRISBANE CBD
7
8
9
10
----- End of picture text -----

==> picture [76 x 78] intentionally omitted <==

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

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

==> picture [567 x 435] intentionally omitted <==

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

ephraim island, paradise point, qld
----- End of picture text -----

==> picture [101 x 100] intentionally omitted <==

MIRVAC SHARE
FORECAST REVENUE
$2.7 BILLION
■HOUSES / LAND	49.0%
■APARTMENTS	51.0%

==> picture [105 x 100] intentionally omitted <==

LOTS UNDER	CONTROL
4,276
■HOUSES / LAND	70.5%
■APARTMENTS	29.5%

76 mirvac group PROPERTY COMPENDIUM

residential development / in progress

QUEENSLAND

			proJEcT
	acQuiSiTioN		vaLuE	ToTaL				SETTLEmENT DaTE1
propErTy	DaTE	LocaTioN	(iNcL. gST)	LoTS	rELEaSED	EXcHaNgED	SETTLED	from	To
WaTErLiNE	Jul 02	Bulimba	$132m	141	141	140	139
Completed Stages			$76m	85	85	85	85	Jun 04	Jun 09
Stage 2			$56m	56	56	55	54	Jun 04	Dec 09
moSSvaLE oN maNLy	Mar 01	Wakerley	$182m	326	326	326	326	Jun 01	Jun 09
moSSvaLE oN maNLy
mWrDp	Jun 073	Wakerley	$121m	181	86	32	31
Stage 9			$95m	142	47	0	0	Sep09	Jul 12
Stage 10			$26m	39	39	32	31	Oct 08	Oct 09
EpHraim iSLaND	Nov 01	Paradise Point	$507m	383	382	308	295
Stage 1			$140m	136	135	135	135	Jun 05	Jun 14
Stage 2			$146m	94	94	87	84	Apr 06	Nov 10
Stage 3			$127m	85	85	62	59	Dec 06	May14
Stage 4A			$11m	7	7	7	0	Feb 09	Aug09
Stage 4B			$83m	61	61	17	17	Apr 08	Jan 15
THE SaNcTuary
oN moggiLL	Sep04	Moggill	$55m	178	176	144	139
Stage 1A			$28m	64	63	63	62	Mar 07	Sep09
Stage 1B			$13m	56	56	55	54	Nov 07	Aug09
Stage 4			$14m	58	57	26	23	Feb 09	Jun 10

1 SETTLEMENT DATES MAY VARY AS CIRCUMSTANCES CHANGE.

2 CONSTRUCTION PROGRESS AS A PERCENTAGE OF COST, WHICH INCLUDES LAND SUBDIVISION BUT NOT LAND ACQUISITION. 3 TRANSACTION DATE.

				d
currENT pricE raNgE	proJEcT pErioD coNSTrucTioN
from/To	(caLENDEr yEar)	progrESS2	DEScripTioN	oWNErSHip STrucTurE
			Houses,riverfront houses and apartments	PDA with Roche Group
$500,000 – $3.0m	mid 2004 – mid 2007	100%
$735,000 – $1.5m	mid 2006 – end 2009	100%
$200,000 – $4.5m	mid 2001 – mid 2009	100%	Spec housingand vacant land	100% Mirvac Limited
				100% MWRDP (Mirvac
			Houses	Limited 20% EquityInterest)
$590,000 – $760,000	early2009 – mid 2012	8%
$620,000 – $740,000	mid 2007 – mid 2009	100%
				50% Mirvac Limited
				50% Lewis Land Group
				of Companies
$540,000 – $2.6m	mid 2003 – early2014	100%	Apartments and marina berths
$755,000 – $4.9m	mid 2004 – end 2010	100%	Apartments,villas and marina berths
$720,000 – $4.6m	mid 2005 – mid 2014	100%	Apartments,houses and marina berths
$1.6m	mid 2008 – end 2009	100%	Land
$745,000 – $4.7m	early2005 – early2015	100%	Apartments and marina berths
				100% Mirvac Limited
$195,000 – $590,000	end 2006 – end 2009	100%	Houses and spec homes
$175,000 – $300,000	end 2006 – mid 2009	100%	Land
$200,000 – $285,000	end 2007 – mid 2010	100%	Land

78 mirvac group PROPERTY COMPENDIUM

residential development / in progress

QUEENSLAND

			proJEcT
	acQuiSiTioN		vaLuE	ToTaL				SETTLEmENT DaTE1
propErTy	DaTE	LocaTioN	(iNcL. gST)	LoTS	rELEaSED	EXcHaNgED	SETTLED	from	To
WaTErfroNT mWrDp	Jun 083	Newstead	$350m	99	99	50	0	Mar 11	Feb 12
TENNySoN rEacH	Aug05	Tennyson	$301m	207	207	136	94
Lushington			$193m	115	115	114	94	May09	May10
Farringford			$108m	92	92	22	0	Mar 10	Oct 11
BrooKWaTEr	May06	Springfeld	$12m	23	23	1	0	Jul 09	Jun 10
mariNEr’S pENiNSuLa	Jun 06	Townsville	$10m	4	4	2	1	Jun 09	Mar 10
mariNEr’S pENiNSuLa
mWrDp	Jun 073	Townsville	$89m	101	101	97	0	Jul 09	Dec 09
HopE iSLaND	Jan 07	Hope Island	$30m	67	67	66	66
Completed Stages			$19m	47	47	47	47	Jan 07	May09
RemainingStock			$11m	20	20	19	19	Mar 07	Jun 09
HopE iSLaND
mWrDp	Jun 073	Hope Island	$32m	59	59	42	42
Magnolia New			$3m	6	6	2	2	Jan 08	Feb 10
7th Fairway			$15m	37	37	29	29	Jan 08	Apr 10
The Links			$14m	16	16	11	11	Jun 08	Mar 10

1 SETTLEMENT DATES MAY VARY AS CIRCUMSTANCES CHANGE.

2 CONSTRUCTION PROGRESS AS A PERCENTAGE OF COST, WHICH INCLUDES LAND SUBDIVISION BUT NOT LAND ACQUISITION. 3 TRANSACTION DATE.

				79 d
currENT pricE raNgE	proJEcT pErioD coNSTrucTioN
from/To	(caLENDEr yEar)	progrESS2	DEScripTioN	oWNErSHip STrucTurE
				100% MWRDP (Mirvac
$2.0m – $14.5m	mid 2008 – mid 2012	25%	Apartments	Limited 20% EquityInterest)
			Apartments	100% Mirvac Limited
$943,000 – $4.9m	mid 2007 – mid 2010	100%
$698,000 – $5.2m	end 2007 – end 2011	52%
$399,000 – $725,00	end 2007 – mid 2010	91%	Townhouses	100% Mirvac Limited
$2.6m – $2.7m	mid 2006 – mid 2010	87%	Houses	100% Mirvac Limited
				100% MWRDP (Mirvac
$615,000 – $2.5m	mid 2007 – end 2009	88%	Apartments	Limited 20% EquityInterest)
			Houses,townhouses and vacant land	100% Mirvac Limited
$1.2m – $8.6m	early2007 – mid 2009	100%
$570,000 – $830,000	early2007 – mid 2009	100%
				100% MWRDP (Mirvac
			Townhouses and vacant land	Limited 20% EquityInterest)
$520,000 – $530,000	mid 2007 – early2010	100%
$315,000 – $590,000	mid 2007 – mid 2010	100%
$825,000 – $895,000	mid 2007 – mid 2010	100%

80 mirvac group PROPERTY COMPENDIUM

residential development / proposed

QUEENSLAND

			proJEcT
	acQuiSiTioN		vaLuE	ToTaL	proJEcT pErioD
propErTy	DaTE	LocaTioN	(iNcL. gST)	LoTS	(caLENDEr yEar)	DEScripTioN	oWNErSHip STrucTurE
THE SaNcTuary
oN moggiLL	Sep04	Moggill	$46m	180	mid 2009 – end 2013	Land	100% Mirvac Limited
WaTErfroNT	Apr 08	Newstead	$835m	609	end 2011 – early2018	Apartments	100% Mirvac Limited
TENNySoN rEacH
DEvELopmENT	Aug05	Tennyson	$293m	185	mid 2012 – mid 2015	Apartments	100% Mirvac Limited
BrooKWaTEr	May06	Springfeld	$93m	168	mid 2010 – mid 2017	Townhouses	100% Mirvac Limited
mariNEr’S pENiNSuLa	Jun 06	Townsville	$98m	85	mid 2010 – end 2013	Apartments/houses	100% Mirvac Limited
gaiNSBorougH 1						Houses, town
grEENS	Oct 06	Pimpama	$1.1bn	2,347	mid 2010 – end 2021	houses and land	100% Mirvac Limited
HopE iSLaND	Jan 07	Hope Island	$60m	66	end 2009 – end 2012	Land	100% Mirvac Limited

1 MGR RETAINS 100% OWNERSHIP AS AT 30 JANUARY 2009.

==> picture [567 x 540] intentionally omitted <==

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

the sanctuary on moggill, moggill, qld
----- End of picture text -----

82 mirvac group PROPERTY COMPENDIUM

residential development

VICTORIA + SOUTH AUSTRALIA

==> picture [538 x 687] intentionally omitted <==

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

4
3 MELBOURNE CBD
5
6
8
7
9
2
1
ADELAIDE
LORNE CHALET
2. THE COAST @ SANDS, TORQUAY 1. VICTOR HARBOUR
3. ROCKBANK
4. BRIDGE INN ROAD, DOREEN
5. YARRA’S EDGE
6. PICKLES STREET, ALBERT PARK
WAVERLEY PARK, MULGRAVE
8. STUD ROAD, WANTIMA SOUTH
WATERWAYS, BRAESIDE
----- End of picture text -----

LORNE CHALET
THE COAST @ SANDS, TORQUAY
ROCKBANK
BRIDGE INN ROAD, DOREEN
YARRA’S EDGE
PICKLES STREET, ALBERT PARK 7. WAVERLEY PARK, MULGRAVE 8. STUD ROAD, WANTIMA SOUTH 9. WATERWAYS, BRAESIDE

yarra’s edge, docklands, vic

==> picture [101 x 101] intentionally omitted <==

MIRVAC SHARE
FORECAST REVENUE
$508.0 MILLION
■HOUSES / LAND	99.4%
■APARTMENTS	0.6%

==> picture [101 x 101] intentionally omitted <==

LOTS UNDER CONTROL 8,685 ■ HOUSES / LAND 88.4% ■ APARTMENTS 11.6%

84 mirvac group PROPERTY COMPENDIUM

residential development / in progress

VICTORIA + SOUTH AUSTRALIA

			proJEcT
	acQuiSiTioN		vaLuE	ToTaL				SETTLEmENT DaTE1
propErTy	DaTE	LocaTioN	(iNcL. gST)	LoTS	rELEaSED	EXcHaNgED	SETTLED	from	To
WavErLEy parK	Dec 013	Mulgrave	$434m	869	733	712	660
Completed Stages			$201m	468	468	468	468	Nov 03	Jul 08
Stage 5			$78m	118	56	46	0	Oct 09	Mar 11
Stage 7			$63m	128	54	54	54	Mar 08	Jun 12
Stage 11			$92m	155	155	144	138	Sep06	Jun 10
LorNE cHaLET	Mar 03	Lorne	$34m	42	42	42	41	Oct 06	Sep09
yarra’S EDgE	Mar 04	Docklands	$224m	231	195	132	88
Marina			$21m	149	149	89	88	Jan 05	Mar 15
River Precinct Lowrise			$203m	82	46	43	0	Mar 10	Nov 12
THE coaST @ THE SaNDS	N/A	Torquay	$44m	126	126	113	111	Mar 05	Jun 10
BriDgE iNN roaD	Feb 07	Doreen	$35m	3	3	3	1	Jul 08	Dec 09
WaTErWayS argyLE
mWrDp	Apr 063	Braeside	$76m	145	55	42	35	Oct 08	Sep11
picKLES STrEET	Jul 07	Albert Park	$90m	46	0	0	0	Mar 11	Sep11

1 SETTLEMENT DATES MAY VARY AS CIRCUMSTANCES CHANGE.

2 CONSTRUCTION PROGRESS AS A PERCENTAGE OF COST, WHICH INCLUDES LAND SUBDIVISION BUT NOT LAND ACQUISITION. 3 TRANSACTION DATE.

				85 d
currENT pricE raNgE	proJEcT pErioD coNSTrucTioN
from/To	(caLENDEr yEar)	progrESS2	DEScripTioN	oWNErSHip STrucTurE
			Houses	100% Mirvac Limited
$245,000 – $625,000	mid 2002 – mid 2008	100%
$475,000 – $875,000	mid 2008 – early2011	15%
$370,000 – $775,000	end 2007 – mid 2012	40%
$385,000 – $945,000	end 2005 – mid 2010	95%
$400,000 – $1.5m	end 2004 – end 2009	100%	Apartments	100% Mirvac Limited
				100% Mirvac Limited
$120,000 – $210,000	mid 2004 – end 2005	100%	Marina berths
$900,000 – $5.3m	early2007 – end 2012	35%	Luxuryhouses includingmarina berths
				PDA with Goldenwood
$399,000 – $599,000	mid 2004 – mid 2010	100%	Golf course estate	PtyLimited/Handbury
$34.5m	early2007 – end 2009	100%	Land subdivision – site sold	100% Mirvac Limited
				100% MWRDP (Mirvac
$440,000 – $685,000	mid 2007 – end 2011	40%	Houses	Limited 20% equityinterest)
$1.4m – $3.0m	end 2009 – end 2011	0%	LuxuryHousing	100% Mirvac Limited

86 mirvac group PROPERTY COMPENDIUM

residential development / proposed

VICTORIA + SOUTH AUSTRALIA

			proJEcT
	acQuiSiTioN		vaLuE	ToTaL	proJEcT pErioD
propErTy	DaTE	LocaTioN	(iNcL. gST)	LoTS	(caLENDEr yEar)	DEScripTioN	oWNErSHip STrucTurE
WavErLEy parK	Dec 01	Mulgrave	$249m	408	mid 2010 – end 2016	Integrated housing	100% Mirvac Limited
yarra’S EDgE	Dec 09	Docklands	$927m	1,003	mid 2009 – mid 2019	Apartments	100% Mirvac Limited
							50% Mirvac Limited
rocKBaNK	Nov 06	Rockbank	$1.1bn	5,780	early2012 – mid 2032	Land subdivision	50% Jayaland Corporation
STuD roaD auSTraL							100% MWRDP (Mirvac
BricKS mWrDp	Feb 082	Wantima South	$764m	969	end 2009 – mid 2021	Houses	Limited 20% equityinterest)
vicTor HarBour	Apr 05	Victor Harbour	$79m	599	N/A	Land	100% Mirvac Limited

1 OPTION TO PURCHASE. 2 TRANSACTION DATE.

==> picture [567 x 540] intentionally omitted <==

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

waverley park, mulgrave, vic
----- End of picture text -----

88 mirvac group PROPERTY COMPENDIUM

residential development

WESTERN AUSTRALIA

==> picture [437 x 318] intentionally omitted <==

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

1. MINDARIE KEYS, MINDARIE
2. JANE BROOK
3. DIANELLA
4. HOLLYWOOD, NEDLANDS
5. SWANBOURNE 1
6. THE PENINSULA, BURSWOOD
7. BEACHSIDE LEIGHTON
8. LENNOX LAND, COOLBELLUP
9. KENNEDY BAY, PORT KENNEDY
10. MANDURAH
11. PRESTON BEACH
12. BINNINGUP
13. ALEXANDRA VILLAGE, KENSINGTON 2
3
4
5 6
7 PERTH CBD
8
13
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the peninsula, Burswood, wa
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MIRVAC SHARE
FORECAST REVENUE
$1.5 BILLION
■HOUSES / LAND	39.9%
■APARTMENTS	60.1%

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LOTS UNDER CONTROL 7,380

■	HOUSES / LAND	89.3%
■	APARTMENTS	10.7%

90 mirvac group PROPERTY COMPENDIUM

residential development / in progress

WESTERN AUSTRALIA

			proJEcT
	acQuiSiTioN		vaLuE	ToTaL				SETTLEmENT DaTE1
propErTy	DaTE	LocaTioN	(iNcL. gST)	LoTS	rELEaSED	EXcHaNgED	SETTLED	from	To
miNDariE KEyS	Jan 96	Mindarie	$300m	1,541	1,541	1,527	1,527
Completed Stages			$257m	1,496	1,496	1,496	1,496	Jun 03	Dec 08
Stage 5B(i)			$16m	23	23	20	20	Jun 07	Mar 10
Stage 5B(ii)			$27m	22	22	11	11	Jun 08	Feb 11
THE pENiNSuLa
auSTraLiaNSupEr
maNDaTE	Feb 03	Burswood	$492	396	388	332	187
Completed Stages			$160m	132	132	132	132	May07	Jun 09
Allegro – Tower 1			$2m	2	1	1	1	Apr 09	Jul 10
Aurora – Tower 4			$160m	133	133	100	0	Feb 10	Dec 10
Aquarius – Tower 5			$85m	64	58	43	0	Jun 10	Dec 10
The FairwayStage 2(Lot 24)			$49m	29	29	27	26	Oct 08	May09
Lot 18			$9m	7	7	1	0	Jul 09	Sep09
Axis – Tower 2			$27m	29	28	28	28	May07	Mar 11
maNDuraH
SyNDicaTES mWrDp		Mandurah	$475m	1,075	117	43	39
Bridgewater MWRDP	Jun 073		$82m	317	19	9	9	Jun 08	Jul 14
Meadow Springs
MWRDP Syndicate	Jun 073		$105m	488	79	32	28	Mar 09	Jun 14
Seascapes Town Centre
MWRDP Syndicate	Jun 083		$288m	270	19	2	2	Mar 09	Mar 14
maNDuraH SyNDicaTES
mirvac fuNDS maNagEmENT		Mandurah	$275m	1,160	736	567	555
Mirvac Development
Fund – Seascapes	Dec 05		$139m	530	387	286	284	Jun 06	Jun 12
Mirvac Development
Fund – Meadow Springs	Jun 06		$136m	630	349	281	271	Dec 06	Nov 13
mEaDoW SpriNgS
HouSiNg	Aug03	Mandurah	$94m	181	164	123	121
Completed Stages			$16m	40	40	40	40	Mar 07	Mar 09
Bellavista			$22m	42	42	41	41	May07	Jun 09
Eden Springs(Builtform – Lot 575)			$1m	1	1	1	0	May10	May10
Portrush Green			$33m	70	54	32	32	May08	Dec 10
R60 Site(Land)			$5m	27	26	8	8	Jun 08	Feb 10
Northern Golf Course Island			$17m	1	1	1	0	Jun 08	Jun 09
THE poiNT	Dec 05	Mandurah	$220m	153	152	93	73
BuildingA			$57m	28	27	2	1	Jun 09	Dec 11
BuildingB			$97m	78	78	60	47	Dec 08	May11
BuildingC			$66m	47	47	31	25	Dec 08	Jul 11

1 SETTLEMENT DATES MAY VARY AS CIRCUMSTANCES CHANGE.
2 CONSTRUCTION PROGRESS AS A PERCENTAGE OF COST, WHICH INCLUDES LAND SUBDIVISION BUT NOT LAND ACQUISITION.
3 TRANSACTION DATE.

					91 d
currENT pricE raNgE	proJEcT pErioD	coNSTrucTioN
from/To	(caLENDEr yEar)		progrESS 2	DEScripTioN	oWNErSHip STrucTurE
				Land subdivision	15% Joint Venture Various
$185,000 – $12.7m	early1996 – end	2008	100%
$450,000 – $880,000	end 2006 – early	2010	98%
$1.0m – $1.8m	mid 2006 – early	2011	98%

50% Mirvac Limited 50% AustralianSuper Fund

$530,000 – $13.0m	early2003 – mid 2009	100%	Apartments
$450,000 – $2.2m	early2003 – mid 2010	100%	Apartments
$850,000 – $4.8m	mid 2006 – end 2010	82%	Apartments
$750,000 – $3.9m	early2007 – end 2010	44%	Apartments
$1.1m – $2.6m	early2007 – mid 2009	100%	Luxuryapartments
$1.2m – $1.3m	early2008 – end 2009	96%	Luxuryhouses
$615,000 – $2.3m	end 2004 – early2011	100%	Apartments
				100% MWRDP (Mirvac
				Limited 20% EquityInterest)
$231,000 – $306,000	mid 2007 – mid 2014	26%	Land
$120,000 – $2.7m	mid 2007 – mid 2014	16%	Land
$350,000 – $1.7m	mid 2008 – mid 2014	14%	Mix of residential and retail lots

				100% Mirvac Development
$122,000 – $6.9m	mid 2006 – mid 2012	57%	Land	Fund – Seascapes
				100% Mirvac Development
$170,000 – $4.0m	mid 2006 – end 2013	50%	Land	Fund – Meadow Springs
				100% Mirvac Limited
$195,000 – $580,000	mid 2003 – early2009	100%	Architecturallydesigned homes
$490,000 – $610,000	mid 2008 – mid 2009	100%	Construction contract
$450,000	mid 2006 – early2010	41%	Land and house lot
$380,000 – $645,000	mid 2003 – early2010	98%	Houses
$155,000 – $1.6m	mid 2006 – early2010	94%	Land
$17.2m	mid 2008 – mid 2009	100%	Land subdivision
				100% Mirvac Limited
$544,000 – $4.4m	end 2005 – end 2011	94%	Hotel and apartments
$324,000 – $3.3m	end 2005 – mid 2011	100%	Apartments
$712,000 – $3.3m	end 2005 – end 2011	100%	Apartments

92 mirvac group PROPERTY COMPENDIUM

residential development / in progress

WESTERN AUSTRALIA

			proJEcT
	acQuiSiTioN		vaLuE	ToTaL				SETTLEmENT DaTE1
propErTy	DaTE	LocaTioN	(iNcL. gST)	LoTS	rELEaSED	EXcHaNgED	SETTLED	from	To
SWaNBourNE	Jun 05	Swanbourne	$61m	58	51	51	51
Completed Stages			$49m	51	51	51	51	Nov 07	Jun 09
Stage 2			$12m	7	0	0	0	Jun 10	Aug10
BiNNiNgup	Jan 08	Binningup	$12m	48	44	1	1
Stage 5 – Lakewood Shores			$5m	24	20	1	1	May09	Sep10
Stage 6 – Lakewood Shores			$7m	24	24	0	0	Jan 10	May11
HoLLyWooD	May05	Nedlands	$65m	74	74	74	74	May06	Jun 09
BEacHSiDE
LEigHToN	Aug06	Leighton	$219m	68	60	60	0	Oct 10	July11
LENNoX LaND	Jun 06	Coolbellup	$15m	36	36	36	36	Feb 08	Apr 09
aLEXaNDra viLLagE	Nov 07	Kensington	$16m	35	15	0	0	Sep09	Jun 12

1 SETTLEMENT DATES MAY VARY AS CIRCUMSTANCES CHANGE.

2 CONSTRUCTION PROGRESS AS A PERCENTAGE OF COST, WHICH INCLUDES LAND SUBDIVISION BUT NOT LAND ACQUISITION.

				93 d
currENT pricE raNgE	proJEcT pErioD coNSTrucTioN
from/To	(caLENDEr yEar)	progrESS 2	DEScripTioN	oWNErSHip STrucTurE
				50% Mirvac Limited
			Land subdivision,houses and apartments	50% Landcorp
$840,000 – $1.9m	mid 2005 – mid 2009	100%
$1.6 – $1.9m	end 2008 – mid 2010	29%
				PDA with Binningup
			Land lots	Nominees
$201,000 – $450,000	mid 2009 – mid 2010	48%
$248,000 – $1.0m	mid 2009 – mid 2011	9%
$540,000 – $1.7m	mid 2005 – mid 2009	100%	Land subdivision	PDA with Landcorp
$1.4m – $9.0m	mid 2006 – early2011	25%	Residential lots	100% Mirvac Limited
$395,000 – $443,000	mid 2006 – mid 2009	100%	Land subdivision	PDA with Ministryof Housing
$430,000 – $480,000	early2008 – mid 2012	52%	Retirement village	Construction Contract

94 mirvac group PROPERTY COMPENDIUM

residential development / proposed

WESTERN AUSTRALIA

			proJEcT
	acQuiSiTioN		vaLuE	ToTaL	proJEcT pErioD
propErTy	DaTE	LocaTioN	(iNcL. gST)	LoTS	(caLENDEr yEar)	DEScripTioN	oWNErSHip STrucTurE
						Houses and
BriDgEWaTEr NorTH	Aug03	Mandurah	$451m	392	end 2003 – end 2018	apartments	100% Mirvac Limited
prESToN BEacH	May06	Preston Beach	$361m	1,900	mid 2006 – end 2030	Land	PDA with MAP Nominees
JaNE BrooK	Jul 06	Jane Brook	$13m	1	mid 2006 – end 2009	Land	100% Mirvac Limited
						Houses and
BEacHSiDE LEigHToN	Aug06	Leighton	$274m	97	early2007 – end 2013	apartments	100% Mirvac Limited
KENNEDy Bay	Oct 06	Port Kennedy	$647m	626	end 2006 – end 2020		PDA WABGR
DiaNELLa	Dec 06	Dianella	$40m	81	end 2006 – end 2011	Land	100% Mirvac Limited
							PDA with
BiNNiNgup	Jan 08	Binningup	$597m	1,785	mid 2008 – end 2031	Land	BinningyupNominees
						Houses and
SWaNBourNE	Jun 05	Swanbourne	$148m	67	end 2008 – early2014	apartments	JV Landcorp
THE pENiNSuLa,
auSTraLiaNSupEr
maNDaTE	Feb 03	Burswood	$405m	269	early2006 – end 2014	Highrise apartments	JV ASF

non-residential development

MPT PORTFOLIO

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nexus industry park, prestons, nsw
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nexus industry park lyn parade prestons, nsw proposed

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network at eastern creek old wallgrove eastern creek, nsw proposed

DEScripTioN

Former Liverpool Showground site rezoned for general 4(a) Industrial. Mirvac has completed four industrial facilities with the final building awaiting pre-commitment.

oWNErSHip

100% MPT

DEScripTioN

Strategically located 6 hectare industrial site in close proximity to the new M7 Westlink.

The site will accommodate approximately 30,000 sqm of high quality industrial development.

oWNErSHip

50% MPT, 50% MREIT

proJEcT upDaTE

DA approved November 2008.

proJEcT upDaTE

DA lodged for early works.

96 mirvac group PROPERTY COMPENDIUM

non-residential development

MPT PORTFOLIO

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manning mall, taree, nsw in progress

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8-12 chifley square, sydney, nsw proposed

DEScripTioN

The reconfiguration of the existing Bi-Lo supermarket and K-mart to incorporate a new Coles supermarket Target and specialty stores.

DEScripTioN

Located on a strategic site in the heart of the financial core, adjacent to the city’s premium towers. The proposed building will provide boutique premium space with a commitment to Environmentally Sustainable Development.

oWNErSHip

100% MPT

oWNErSHip

50% MPT, 50% AUSTRALIANSUPER

coST/rEvENuE Summary	ToTaL
LAND(INCL. COSTS)	$29.0m
EST. DEVELOPMENT,
CONSTRUCTION & FINANCE COSTS	$18.8m
TOTAL DEVELOPMENT COSTS	$47.8m
CAPITALISATION RATE	6.75%
FORECAST VALUE ON COMPLETION	$50.6m

proJEcT upDaTE

The Stage 2 DA was approved by Council in late 2008. Minor refurbishment and releasing proposed.

proJEcT TimiNg

proJEcT TimiNg
LAND ACQUISITION	Dec 06
COMMENCEMENT DATE	Mar 08
CONSTRUCTION PERIOD	16 months
FORECAST COMPLETION	Oct 09

proJEcT upDaTE

Stage 1 complete, Stage 2 on program.

0% 50% 100% ESTIMATED CONSTRUCTION PROGRESS 80% AT 30 JUNE 2009

MIRVAC LIMITED PORTFOLIO

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sydney water, surry hills, nsw in progress

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Bankstown airport, corner milperra road and henry lawson drive, Bankstown, nsw proposed

DEScripTioN

Mixed use development located in Sydney CBD fringe. Comprises of approximately 2,500 sqm of office space and 2,200 sqm retail.

DEScripTioN

Development and sale of 104ha (gross) of land surplus to the aeronautical requirements of the Airport. Figures assume land subdivision and sell only.

oWNErSHip oWNErSHip 100% MIRVAC LIMITED CONSORTIUM: 33.3% MIRVAC LIMITED, 33.3% LEIGHTON PROPERTIES, 33.3% WESTSCHEME.

proJEcT upDaTE proJEcT upDaTE

Project completed June 2009.

Lots are being sold progressively.

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greenacre industrial 57 – 67 roBerts rd, greenacre, nsw proposed

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hoxton park airport, intersection of m7 and cowpasture road, hoxton park, nsw proposed

DEScripTioN

An existing Industrial multi unit complex. Development consent has been received for the upgrade and expansion of this site. oWNErSHip

100% MIRVAC LIMITED proJEcT upDaTE

Subdivision DA for three lots approved; 1 lot sold (conditional).

DEScripTioN

Development of 82ha (gross) made available by the closure of the Airport in Oct 2008.

oWNErSHip

CONSORTIUM: 50% MIRVAC LIMITED, 50% LEIGHTON PROPERTIES proJEcT upDaTE

LEP gazetted Oct 2008. Title converted to freehold.

98 mirvac group PROPERTY COMPENDIUM

non-residential development

MIRVAC LIMITED PORTFOLIO

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section 63, civic, canBerra, act proposed

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denison road, hillsdale, nsw proposed

DEScripTioN

Mixed use development within Canberra city centre. The new buildings will total 128,000 sqm space.

oWNErSHip

50% MIRVAC LIMITED, 50% LEIGHTON PROPERTIES proJEcT upDaTE

Masterplan lodged for approval. Tenant lease pre-commitment being sought.

DEScripTioN

Strata Industrial unit development comprising approximately 20,000 sqm of total saleable area.

oWNErSHip

100% MIRVAC LIMITED proJEcT upDaTE

DA approved for strata industrial units and child care centre. Section 96 lodged

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south pine road, Brendale, qld proposed

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hayles wharf, townsville, qld proposed

DEScripTioN

Located in the established industrial locale of Brendale in the northern suburbs of Brisbane, this 29,500 sqm quality institutional grade business park will comprise of seven industrial business units.

oWNErSHip

100% MIRVAC LIMITED

proJEcT upDaTE

Masterplan approved. Stage 1 earthworks and servicing completed.

DEScripTioN

Hayles Wharf is a mixed use development in Townsville, comprising 19,690 sqm of commercial, 1,257 sqm retail, 126 hotel rooms and 104 apartments.

oWNErSHip

80% MIRVAC LIMITED, 20% ASOLO INVESTMENTS PTY LTD

proJEcT upDaTE

DA being developed.

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d
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Boundary road, mackay, qld proposed

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600 lorimer street, port melBourne, vic proposed

DEScripTioN

This prime industrial site is located south of the city of Mackay. The development will be a multi stage industrial project comprising a combination of land subdivision and built form.

oWNErSHip

100% MIRVAC LIMITED

DEScripTioN

Former General Motors Holden land totalling 4.4ha zoned for business/light industrial use.

oWNErSHip

100% MIRVAC LIMITED

proJEcT upDaTE

Approvals received, operational works currently being finalised with council.

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664 collins street, melBourne, vic proposed

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291 Burwood road, hawthorn, vic proposed

DEScripTioN

An A grade commercial building located in a prime CBD location adjacent to the Southern Cross Railway Station. The building to be developed in Joint Venture with AustralianSuper will have a 6 star energy rating and will comprise 47,000 sqm of net lettable area over 11 levels.

oWNErSHip

50% MIRVAC LIMITED, 50% AUSTRALIANSUPER

DEScripTioN

Future commercial or residential sale comprising over 5,000 sqm of land with Development Approval in place for 18,000 sqm commercial office building.

oWNErSHip

100% MIRVAC LIMITED

HEAD OFFICE / Level 26, 60 Margaret Street Sydney NSW 2000 SYDNEY / 02 9080 8000 MELBOURNE / 03 9645 9400 BRISBANE / 07 3859 5888 PERTH / 08 9424 9900

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www.mirvac.com

DISCLAIMER

The information made available through this property compendium, including any expression of opinion or forecast, has been obtained from or based on sources believed by Mirvac Group to be reliable. Mirvac Group does not warrant the accuracy, completeness or currency of the information. Mirvac Group and its related companies will not be liable for any inaccuracies, omissions or errors in the content nor for any loss or damage arising from action taken in reliance on the information.

AI assistant

MIRVAC GROUP — Fund Information / Factsheet 2009

65328_rns_2009-08-24_ec745e27-77c4-47c5-9d5f-fcd01e59cebc.pdf

core divisions investment development

investment $3.7 Billion

investment

MIRVAC PROPERTY TRUST PORTFOLIO REPOSITIONING

12 montHS to june 2009

ToTaL

MIRVAC PROPERTY TRUST PORTFOLIO DIVERSIFICATION

commercial portfolio

INVESTMENT

GRADE

DIVERSIFICATION[1]

GEOGRAPHIC DIVERSIFICATION[1]

commercial portfolio

INVESTMENT

DEScripTioN

DEScripTioN

Summary iNformaTioN

Summary iNformaTioN

DEScripTioN

DEScripTioN

Summary iNformaTioN

Summary iNformaTioN

commercial portfolio

INVESTMENT

DEScripTioN

DEScripTioN

Summary iNformaTioN

Summary iNformaTioN

DEScripTioN

DEScripTioN

Summary iNformaTioN

Summary iNformaTioN

commercial portfolio

INVESTMENT

5 rider Boulevard, rhodes, nsw

DEScripTioN

DEScripTioN

Summary iNformaTioN

Summary iNformaTioN

38 sydney avenue, forrest, act

DEScripTioN

DEScripTioN

Summary iNformaTioN

Summary iNformaTioN

commercial portfolio

INVESTMENT

DEScripTioN

DEScripTioN

Summary iNformaTioN

Summary iNformaTioN

DEScripTioN

Summary iNformaTioN

DEScripTioN

Summary iNformaTioN

commercial portfolio

INVESTMENT

riverside quay southBank, melBourne, vic

DEScripTioN

DEScripTioN

Summary iNformaTioN

Summary iNformaTioN

DEScripTioN

DEScripTioN

Summary iNformaTioN

Summary iNformaTioN

commercial portfolio

INVESTMENT

191 – 197 salmon street port melBourne, vic

DEScripTioN

Summary iNformaTioN

industrial portfolio

INVESTMENT

industrial portfolio

INVESTMENT

DEScripTioN

DEScripTioN

propErTy DETaiLS

MIRVAC GROUP Fund Information / Factsheet 2009