==> picture [249 x 142] intentionally omitted <==

31 december 2008

mirvac is a leading asx-listed real estate group

==> picture [596 x 700] intentionally omitted <==

mirvac group PROPERTY COMPENDIUM 1

==> picture [172 x 242] intentionally omitted <==

core divisions investment development

nexus industry park, prestons, nsW

2 mirvac group PROPERTY COMPENDIUM

==> picture [33 x 32] intentionally omitted <==

==> picture [66 x 32] intentionally omitted <==

==> picture [454 x 430] intentionally omitted <==

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

VANUATU
UNITED KINGDOM
NEW ZEALAND
AUSTRALIA
----- End of picture text -----

==> picture [55 x 19] intentionally omitted <==

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

INVESTMENT
DEVELOPMENT
----- End of picture text -----

==> picture [251 x 159] intentionally omitted <==

==> picture [100 x 7] intentionally omitted <==

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

UNITED STATES OF AMERICA
----- End of picture text -----

==> picture [183 x 97] intentionally omitted <==

local commitment

mirvac is a recognised manager of australian investment grade assets and australia’s pre-eminent iconic residential developer

4 mirvac group PROPERTY COMPENDIUM

investment $3.9 Billion

==> picture [37 x 239] intentionally omitted <==

investment 57 invesments indirect real estate investments

101 miller street, north sydney, nsW

6 mirvac group PROPERTY COMPENDIUM

investment

one darling island, pyrmont, nsW

mirvac properTY TruST porTFoLio repoSiTioNiNg

12 MONTHS TO deceMber 2008

			acquiSiTioN pricE	BooK vaLuE	cap raTE
DEvELopmENT compLETioNS	LocaTioN	SEcTor	iNcL. coSTS	DEcEmBEr 2008	oN compLETioN
Nexus IndustryPark – HPM	Prestons, NSW	Industrial	$16.6m	$16.6m	7.50%
ToTaL			$16.6m	$16.6m

==> picture [577 x 425] intentionally omitted <==

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

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
1,009,564sqm 450,519sqm
WALE 5.62 years WALE 5.50 years
70 AREA % 70 AREA %
60 60
50 50
40 40
30 30
20 20
COMMERCIAL 10 INDUSTRIAL 10
PORTFOLIO 0 PORTFOLIO 0
333,466sqm 225,579sqm
WALE 6.21 years WALE 5.01 years
1 BY ArEA AS AT 31 dEcEMBEr 2008.
VACANT FY09 FY10 FY11 FY12 FY13 BEYOND VACANT FY09 FY10 FY11 FY12 FY13 BEYOND
VACANT FY09 FY10 FY11 FY12 FY13 BEYOND VACANT FY09 FY10 FY11 FY12 FY13 BEYOND
----- End of picture text -----

mirvac properTY TruST porTFoLio diverSiFicaTioN

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

SECTOR DIVERSIFICATION[1]

	DIVERSIFI	CATION
■	COMMERCIAL	42.9%
■	INDUSTRIAL	8.0%
■	RETAIL	39.9%
■	OTHER	3.1%3
■	INDIRECT PROPERTY
	INVESTMENTS	6.2%

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

		GEOGRAPHIC
		DIVERSIFICATION	2
■	NSW	52.7%
■	VIC	21.9%
■	QLD	17.1%
■	WA	0.7%
■	ACT	6.0%
■	US	1.5%

1 BY BOOK VALUE AS AT 31 dEcEMBEr 2008. EXcLUdES dEVELOPMENT ASSETS.

2 BY BOOK VALUE AS AT 31 dEcEMBEr 2008. EXcLUdES dEVELOPMENT ASSETS ANd INdIrEcT PrOPErTY INVESTMENTS. 3 OTHEr – INcLUdES HOTELS ANd cArPArKS.

8 mirvac group PROPERTY COMPENDIUM

commercial portfolio

iNveSTmeNT

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

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

189 grey street, south Bank, Qld
----- End of picture text -----

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

GRADE

DIVERSIFICATION[1]

■	PREMIUM	11.0%
■	AGRADE	75.6%
■	BGRADE	11.5%
■	C GRADE	1.9%

==> picture [103 x 101] intentionally omitted <==

GEOGRAPHIC DIVERSIFICATION[1]

■	NSW	54.5%
■	VIC	22.7%
■	QLD	9.6%
■	ACT	13.2%

1 BY BOOK VALUE AS AT 31 dEcEMBEr 2008. EXcLUdES dEVELOPMENT ASSETS ANd INdIrEcT PrOPErTY INVESTMENTS.

					9 i
			% oF
			commErciaL	groSS
			porTFoLio	oFFicE rENT
propErTy	LocaTioN	NLa	BooK vaLuE1	($/Sqm)	BooK vaLuE
101 – 103 Miller Street	North Sydney,NSW	37,758sqm	11.0%	$600/sqm	$176.0m2
One darlingIsland	Pyrmont,NSW	22,197sqm	10.8%	$476/sqm	$172.5m
60 Margaret Street	Sydney,NSW	40,567sqm	10.4%	$654/sqm	$166.3m2
40 Miller Street	North Sydney,NSW	12,664sqm	6.2%	$599/sqm	$99.3m
Baycentre Pirrama road	darlingHarbour,NSW	15,972sqm	6.8%	$518/sqm	$109.0m
1 castlereagh Street	Sydney,NSW	11,637sqm	4.7%	$573/sqm	$76.0m
190 George Street	Sydney,NSW	9,498sqm	2.8%	$416/sqm	$45.5m
200 George Street	Sydney,NSW	5,579sqm	1.9%	$417/sqm	$30.3m
St George centre,60 Marcus clarke Street	canberra,AcT	12,165sqm	3.6%	$424/sqm	$57.3m
38 SydneyAvenue	Forrest,AcT	9,099sqm	2.6%	$411/sqm	$41.9m
Aviation House,16 Furzer Street	canberra,AcT	14,828sqm	4.5%	$368/sqm	$72.0m
Phillips Fox Building,54 Marcus clarke Street	canberra,AcT	5,276sqm	1.2%	$406/sqm	$19.0m
10 rudd Street	canberra,AcT	4,736sqm	1.3%	$430/sqm	$21.0m
189 GreyStreet	South Bank,QLd	12,728sqm	4.5%	$349/sqm	$72.0m
John Oxleycentre,339 coronation drive	Brisbane,QLd	13,172sqm	3.9%	$365/sqm	$63.0m
Mojo Building,164 GreyStreet	South Bank,QLd	3,079sqm	1.2%	$491/sqm	$18.5m
riverside QuaySouthbank	Melbourne,VIc	30,585sqm	6.9%	$363/sqm	$110.5m
royal domain centre,380 St Kilda road	Melbourne,VIc	24,616sqm	7.2%	$359/sqm	$115.5m
como centre,cnr Toorak road & chapel Street	South Yarra,VIc	25,547sqm	5.2%	$367/sqm	$83.8m
191–197 Salmon Street	Port Melbourne,VIc	21,762sqm	3.4%	$347/sqm	$55.0m2
ToTaL		333,466sqm	100.0%		$1,604.2m1
WeigHTed average LeaSe eXpirY					6.21 YearS
occupaNcY					98.9%

1 BOOK VALUE AS AT 31 dEcEMBEr 2008. EXcLUdES dEVELOPMENT PrOJEcTS. 2 BOOK VALUE rEPrESENTS 50% INTErEST.

10 mirvac group PROPERTY COMPENDIUM

commercial portfolio

iNveSTmeNT

==> picture [255 x 143] intentionally omitted <==

101 – 103 miller street, north sydney, nsW

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

one darling island, pyrmont, nsW

DEScripTioN

Landmark premium grade office tower and major retail centre, in the heart of the North Sydney cBd with a direct link to North Sydney railway Station. The complex was built in 1992 and has recently undergone a major refurbishment.

DEScripTioN

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 4,400sqm and is designed to achieve 4.5 star NABErS.

Summary iNFormaTioN

Summary iNFormaTioN	Summary iNFormaTioN
GrAdE Premium Grade	GrAdE A Grade
OWNErSHIP 50% MPT, 50% EUrEKA	OWNErSHIP 100% MPT
NLA 37,758 sqm	NLA 22,197 sqm
cAr SPAcES 561	cAr SPAcES 160
AcQUISITION dATE Jun 94	AcQUISITION dATE Apr 04
BOOK VALUE $176.0m(50% interest)	BOOK VALUE $172.5m
VALUATION $176.0m(50% interest)	VALUATION $172.5m
VALUATION dATE 31 dec 08	VALUATION dATE 31 dec 08
EXTErNAL VALUEr cOLLIErS INTErNATIONAL	EXTErNAL VALUEr SAVILLS
cAPITALISATION rATE 6.50%	cAPITALISATION rATE 6.50%
dIScOUNT rATE 8.50%	dIScOUNT rATE 8.75%
GrOSS OFFIcE rENT $600/sqm	GrOSS OFFIcE rENT $476/sqm
maJor TENaNTS NLa Sqm LEaSE EXpiry	maJor TENaNTS NLa Sqm LEaSE EXpiry
rTA 15,614 Jul 16	JOHN FAIrFAX HOLdINGS 22,197 Jun 27
cOMMONWEALTH OF AUSTrALIA 7,492 Jul 18

LEaSE EXpiry proFiLE % arEa

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

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

VAcANcY 6.95% VAcANcY 0.0%
FY09 0.0% FY09 0.0%
FY10 0.0% FY10 0.0%
FY11 0.0% FY11 0.0%
FY12 0.0% FY12 0.0%
FY13 1.0% FY13 0.0%
BEYONd 92.05% BEYONd 100.0%
WALE 7.05 YEArS WALE 18.51 YEArS
----- End of picture text -----

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

60 margaret street, sydney, nsW

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

40 miller street, north sydney, nsW

DEScripTioN

This iconic building is situated in the heart of the Sydney cBd and comprises thirty six 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 the 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 eleven 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
BOOK VALUE $166.3m(50% interest)	BOOK VALUE $99.3m
VALUATION $166.3m(50% interest)	VALUATION $100.0m
VALUATION dATE 31 dec 08	VALUATION dATE 30 Jun 08
EXTErNAL VALUEr SAVILLS	EXTErNAL VALUEr cOLLIErS INTErNATIONAL
cAPITALISATION rATE 6.50%	cAPITALISATION rATE 6.50%
dIScOUNT rATE 8.50%	dIScOUNT rATE 8.50%
GrOSS OFFIcE rENT $654/sqm	GrOSS OFFIcE rENT $599/sqm
maJor TENaNTS NLa Sqm LEaSE EXpiry	maJor TENaNTS NLa Sqm LEaSE EXpiry
MIrVAc 8,177 Sep15	UNITEd GrOUP LIMITEd 10,934 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%
FY09 3.7%	FY09 0.0%
FY10 12.5%	FY10 7.7%
FY11 5.1%	FY11 0.7%
FY12 22.0%	FY12 1.7%
FY13 7.5%	FY13 3.5%
BEYONd 49.3%	BEYONd 86.3%
WALE 4.66 YEArS	WALE 6.14 YEArS

12 mirvac group PROPERTY COMPENDIUM

commercial portfolio

iNveSTmeNT

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

Bay centre pirrama road, darling harBour, nsW

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

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 3,000sqm 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 549sqm floor plates and good natural light on three sides. The 21 level building was fully refurbished in 1992 with further partial refurbishment completed in 2007.

Summary iNFormaTioN

GrAdE		A Grade
OWNErSHIP		100% MPT
NLA		15,972 sqm
cAr SPAcES		127
AcQUISITION dATE		Jun 01
BOOK VALUE		$109.0m
VALUATION		$111.0m
VALUATION dATE		31 Mar 08
EXTErNAL VALUEr		cB rIcHArd ELLIS
cAPITALISATION rATE		6.50%
dIScOUNT rATE		8.75%
GrOSS OFFIcE rENT		$518/sqm
maJor TENaNTS	NLa Sqm	LEaSE EXpiry
IAG	11,803	Oct 13
cOLLEX P/L	3,097	dec 12

Summary iNFormaTioN
GrAdE		B Grade
OWNErSHIP		100% MPT
NLA		11,637 sqm
cAr SPAcES		52
AcQUISITION dATE		dec 98
BOOK VALUE		$76.0m
VALUATION		$76.0m
VALUATION dATE		31 dec 08
EXTErNAL VALUEr	cOLLIErS	INTErNATIONAL
cAPITALISATION rATE		7.00%
dIScOUNT rATE		9.00%
GrOSS OFFIcE rENT		$573/sqm
maJor TENaNTS	NLa Sqm	LEaSE EXpiry
AUST SKANdIA LIMITEd	2,744	Apr 10
MAc THOrPE	549	Jan 15

LEaSE EXpiry proFiLE % arEa	LEaSE EXpiry proFiLE % arEa
VAcANcY 0.0%	VAcANcY 1.5%
FY09 3.0%	FY09 9.1%

FY10 0.0%	FY10 36.3%
FY11 0.0%	FY11 13.8%
FY12 0.0%	FY12 18.6%
FY13 20.1%	FY13 7.3%
BEYONd 76.9%	BEYONd 13.4%
WALE 4.56 YEArS	WALE 5.69 YEArS

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

190 george street, sydney, nsW

==> picture [254 x 143] intentionally omitted <==

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
BOOK VALUE $45.5m	BOOK VALUE $30.3m
VALUATION $46.0m	VALUATION $30.5m
VALUATION dATE 30 Jun 08	VALUATION dATE 30 Jun 08
EXTErNAL VALUEr KNIGHT FrANK	EXTErNAL VALUEr KNIGHT FrANK
cAPITALISATION rATE 6.75%	cAPITALISATION rATE 7.00%
dIScOUNT rATE 8.75%	dIScOUNT rATE 8.75%
GrOSS OFFIcE rENT $416/sqm	GrOSS OFFIcE rENT $417/sqm
maJor TENaNTS NLa Sqm LEaSE EXpiry	maJor TENaNTS NLa Sqm LEaSE EXpiry
cLIFTONS 3,405 Mar 10	cLIFTONS 1,787 Mar 10
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%
FY09 2.1%	FY09 10.7%
FY10 59.7%	FY10 59.7%
FY11 11.3%	FY11 10.4%
FY12 26.9%	FY12 0.0%
FY13 0.0%	FY13 0.0%
BEYONd 0.0%	BEYONd 19.2%
WALE 1.72 YEArS	WALE 1.98 YEArS

14 mirvac group PROPERTY COMPENDIUM

commercial portfolio

iNveSTmeNT

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

st george centre 60 marcus clarke street, canBerra, act

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

38 sydney avenue, forrest, act

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 1,300sqm and tower floors of 900sqm.

DEScripTioN

Purpose built in 1997 for dOcITA, the building comprises four office levels, with excellent natural light and large floor plates of approximately 2,100sqm to 2,400sqm. The building is well located close to the Parliamentary Triangle.

Summary iNFormaTioN

GrAdE		A Grade
OWNErSHIP		100% MPT
NLA		12,165 sqm
cAr SPAcES		134
AcQUISITION dATE		Sep89
BOOK VALUE		$57.3m
VALUATION		$58.0m
VALUATION dATE		31 Mar 08
EXTErNAL VALUEr		HErrON TOdd WHITE
cAPITALISATION rATE		7.50%
dIScOUNT rATE		8.50%
GrOSS OFFIcE rENT		$424/sqm
maJor TENaNTS	NLa Sqm	LEaSE EXpiry
dEEWr	1,331	Apr 11
ST GEOrGE BANK	1,321	Oct 10

GrAdE		A Grade
OWNErSHIP		100% MPT
NLA		9,099 sqm
cAr SPAcES		68
AcQUISITION dATE		Jun 96
BOOK VALUE		$41.9m
VALUATION		$41.9m
VALUATION dATE		31 dec 08
EXTErNAL VALUEr		HErrON TOdd WHITE
cAPITALISATION rATE		8.00%
dIScOUNT rATE		9.00%
GrOSS OFFIcE rENT		$411/sqm
maJor TENaNTS	NLa Sqm	LEaSE EXpiry
dOcITA	8,975	Nov 12

LEaSE EXpiry proFiLE % arEa	LEaSE EXpiry proFiLE % arEa
VAcANcY 3.6%	VAcANcY 0.0%
FY09 6.5%	FY09 0.0%

FY10 14.8%	FY10 0.0%
FY11 35.3%	FY11 1.4%
FY12 9.2%	FY12 0.0%
FY13 16.0%	FY13 98.6%
BEYONd 14.7%	BEYONd 0.0%
WALE 2.65 YEArS	WALE 3.87 YEArS

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

aviation house 16 furzer street, canBerra, act

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

phillips fox Building 54 marcus clarke street, canBerra, act

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 north-facing rooftop balcony and is designed to achieve a 4.5 star NABErS rating.

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 600sqm provide excellent natural light and quality views from upper levels.

Summary iNFormaTioN

Summary iNFormaTioN	Summary iNFormaTioN
GrAdE A Grade	GrAdE A Grade
OWNErSHIP 100% MPT	OWNErSHIP 100% MPT
NLA 14,828 sqm	NLA 5,276 sqm
cAr SPAcES 154	cAr SPAcES 48
AcQUISITION dATE Jul 07	AcQUISITION dATE Oct 87
BOOK VALUE $72.0m	BOOK VALUE $19.0m
VALUATION $74.0m	VALUATION $19.0m
VALUATION dATE 30 Jun 08	VALUATION dATE 31 dec 08
EXTErNAL VALUEr cB rIcHArd ELLIS	EXTErNAL VALUEr HErrON TOdd WHITE
cAPITALISATION rATE 6.75%	cAPITALISATION rATE 8.50%
dIScOUNT rATE 8.75%	dIScOUNT rATE 9.50%
GrOSS OFFIcE rENT $368/sqm	GrOSS OFFIcE rENT $406/sqm
maJor TENaNTS NLa Sqm LEaSE EXpiry	maJor TENaNTS NLa Sqm LEaSE EXpiry
cASA 8,004 Jan 22	dLA PHILLIPS FOX 1,997 Jun 09
APSc 3,992 Feb 22	HUdSON GLOBAL rESOUrcES 624 Jul 13

LEaSE EXpiry proFiLE % arEa	LEaSE EXpiry proFiLE % arEa
VAcANcY 0.0%	VAcANcY 0.0%
FY09 0.0%	FY09 37.8%
FY10 0.0%	FY10 22.8%
FY11 0.0%	FY11 6.4%
FY12 1.1%	FY12 18.2%
FY13 0.0%	FY13 3.0%
BEYONd 98.9%	BEYONd 11.8%
WALE 12.07 YEArS	WALE 1.73 YEArS

16 mirvac group PROPERTY COMPENDIUM

commercial portfolio

iNveSTmeNT

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

10 rudd street, canBerra, act

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

189 grey street south Bank, BrisBane, Qld

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.

DEScripTioN

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

Summary iNFormaTioN

Summary iNFormaTioN
GrAdE		A Grade
OWNErSHIP		100% MPT
NLA		4,736 sqm
cAr SPAcES		41
AcQUISITION dATE		Oct 87
BOOK VALUE		$21.0m
VALUATION		$22.0m
VALUATION dATE		31 Mar 08
EXTErNAL VALUEr		HErrON TOdd WHITE
cAPITALISATION rATE		7.75%
dIScOUNT rATE		8.50%
GrOSS OFFIcE rENT		$430/sqm
maJor TENaNTS	NLa Sqm	LEaSE EXpiry
BOOz ALLEN HAMILTON	838	dec 12
GPE&T	690	Jul 09 & Jun 13

GrAdE		A Grade
OWNErSHIP		100% MPT
NLA		12,728 sqm
cAr SPAcES		180
AcQUISITION dATE		Feb 05
BOOK VALUE		$72.0m
VALUATION		$65.0m
VALUATION dATE		30 Jun 07
EXTErNAL VALUEr		cB rIcHArd ELLIS
cAPITALISATION rATE		7.00%
dIScOUNT rATE		8.75%
GrOSS OFFIcE rENT		$349/sqm
maJor TENaNTS	NLa Sqm	LEaSE EXpiry
IAG	7,281	Mar 15
THIESS PTY LTd	4,659	Feb 13

LEaSE EXpiry proFiLE % arEa	LEaSE EXpiry proFiLE % arEa
VAcANcY 0.0%	VAcANcY 0%
FY09 0.0%	FY09 0%

FY10 18.3%	FY10 3.6%
FY11 13.7%	FY11 2.2%
FY12 7.1%	FY12 0.4%
FY13 48.4%	FY13 36.6%
BEYONd 12.5%	BEYONd 57.2%
WALE 3.42 YEArS	WALE 5.14 YEArS

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

John oxley centre 339 coronation drive, BrisBane, Qld

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

moJo Building 164 grey street, south Bank, BrisBane, Qld

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 2,700sqm floor plates. constructed in 1989, the building is well located on coronation drive with views across the Brisbane river to the cBd.

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.

Summary iNFormaTioN

Summary iNFormaTioN	Summary iNFormaTioN
GrAdE B Grade	GrAdE A Grade
OWNErSHIP 100% MPT	OWNErSHIP 100% MPT
NLA 13,172 sqm	NLA 3,079 sqm
cAr SPAcES 319	cAr SPAcES 37
AcQUISITION dATE May02	AcQUISITION dATE Jun 01
BOOK VALUE $63.0m	BOOK VALUE $18.5m
VALUATION $58.5m	VALUATION $19.0m
VALUATION dATE 30 Jun 07	VALUATION dATE 31 dec 07
EXTErNAL VALUEr cOLLIErS INTErNATIONAL	EXTErNAL VALUEr cOLLIErS INTErNATIONAL
cAPITALISATION rATE 7.75%	cAPITALISATION rATE 6.75%
dIScOUNT rATE 9.00%	dIScOUNT rATE 8.75%
GrOSS OFFIcE rENT $365/sqm	GrOSS OFFIcE rENT $491/sqm
maJor TENaNTS NLa Sqm LEaSE EXpiry	maJor TENaNTS NLa Sqm LEaSE EXpiry
OrIGIN ENErGY 6,304 Jun 18	MIrVAc QLd 1,969 May11
AUSTrALIA POST cOrPOrATION 1,661 Jun 10	PUBLIcIS MOJO P/L 1,016 Aug09

LEaSE EXpiry proFiLE % arEa	LEaSE EXpiry proFiLE % arEa
VAcANcY 0%	VAcANcY 0%
FY09 2.6%	FY09 0%
FY10 12.6%	FY10 36.1%
FY11 9.7%	FY11 63.9%
FY12 0%	FY12 0%
FY13 10.7%	FY13 0%
BEYONd 64.5%	BEYONd 0%
WALE 6.91 YEArS	WALE 1.75 YEArS

18 mirvac group PROPERTY COMPENDIUM

commercial portfolio

iNveSTmeNT

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

riverside Quay southBank, melBourne, vic

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

royal domain centre 380 st kilda road, melBourne, vic

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 reletting program.

DEScripTioN

This 15 level office building comprises six podium levels of up to 2,800sqm with tower floors of 1,200sqm. 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.

Summary iNFormaTioN

Summary iNFormaTioN	Summary iNFormaTioN
GrAdE A Grade	GrAdE A Grade
OWNErSHIP 100% MPT	OWNErSHIP 100% MPT
NLA 30,585 sqm	NLA 24,616 sqm
cAr SPAcES 164	cAr SPAcES 489
AcQUISITION dATE Apr 02(1&3)& Sep03(2)	AcQUISITION dATE Oct 95(50%)Apr 01(50%)
BOOK VALUE $110.5m	BOOK VALUE $115.5m
VALUATION $109.5m	VALUATION $114.5m
VALUATION dATE 30 Jun 07	VALUATION dATE 31 dec 07
EXTErNAL VALUEr M3	EXTErNAL VALUEr M3
cAPITALISATION rATE 7.25%	cAPITALISATION rATE 7.00%
dIScOUNT rATE 8.75%	dIScOUNT rATE 8.00%
GrOSS OFFIcE rENT $363/sqm	GrOSS OFFIcE rENT $359/sqm
maJor TENaNTS NLa Sqm LEaSE EXpiry	maJor TENaNTS NLa Sqm LEaSE EXpiry
TELSTrA cOrPOrATION 5,048 & 724 Jun 10/11 & Oct 09	cOMPUTEr ASSOcIATES 4,313 Aug15
UrS AUSTrALIA 3,939 Feb 14	TOLL TrANSPOrT 3,951 Nov 12

LEaSE EXpiry proFiLE % arEa	LEaSE EXpiry proFiLE % arEa	LEaSE EXpiry proFiLE % arEa
VAcANcY 0%	VAcANcY 0%
FY09 16.4%	FY09 0%

FY10 20.9%	FY10 0.6%
FY11 15.3%	FY11 0%
FY12 13.5%	FY12 16.8%
FY13 5.6%	FY13 31.2%
BEYONd 28.3%	BEYONd 51.5%
WALE 3.10 YEArS	WALE 4.70 YEArS

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

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

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

191 – 197 salmon street port melBourne, vic

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.

DEScripTioN

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

Summary iNFormaTioN

Summary iNFormaTioN	Summary iNFormaTioN
GrAdE A Grade	PrOPErTY GrAdE A Grade
OWNErSHIP 100% MPT	OWNErSHIP 50% MPT, 50% MrEIT
NLA 25,547 sqm	NLA 21,762 sqm
cAr SPAcES 621	cAr SPAcES 1,055
AcQUISITION dATE Aug98	AcQUISITION dATE Jul 03
BOOK VALUE $83.8m	BOOK VALUE $55.0m(50% interest)
VALUATION $93.5m	VALUATION $56.8m(50% interest)
VALUATION dATE 30 Jun 07	VALUATION dATE 30 Jun 07
EXTErNAL VALUEr cOLLIErS INTErNATIONAL	EXTErNAL VALUEr M3
cAPITALISATION rATE 7.00%	cAPITALISATION rATE 6.50%
dIScOUNT rATE 8.25%	dIScOUNT rATE 8.25%
GrOSS OFFIcE rENT $367/sqm	GrOSS OFFIcE rENT $347/sqm
maJor TENaNTS NLa Sqm LEaSE EXpiry	maJor TENaNTS NLa Sqm LEaSE EXpiry
NETWOrK 10 4,557 May12	GM HOLdEN LTd 21,763 Apr 20
TELSTrA cOrPOrATION 2,676 Jun 10

LEaSE EXpiry proFiLE % arEa	LEaSE EXpiry proFiLE % arEa
VAcANcY 2.5%	VAcANcY 0%
FY09 4.7%	FY09 0%
FY10 22.5%	FY10 0%
FY11 11.7%	FY11 0%
FY12 28.8%	FY12 0%
FY13 23.2%	FY13 0%
BEYONd 6.6%	BEYONd 100.0%
WALE 2.77 YEArS	WALE 11.31 YEArS

20 mirvac group PROPERTY COMPENDIUM

industrial portfolio

iNveSTmeNT

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

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

nexus industry park, prestons, nsW
----- End of picture text -----

				21 i
			% oF
			iNDuSTriaL
			porTFoLio
propErTy	LocaTioN	NLa	BooK vaLuE1	BooK vaLuE
271 Lane cove road	North ryde,NSW	6,718sqm	14.2%	$42.5m
James ruse Business Park	Northmead,NSW	26,492sqm	10.6%	$31.8m
64 Biloela Street	Villawood,NSW	22,937sqm	8.4%	$25.3m
44 Biloela Street	Villawood,NSW	15,839sqm	4.8%	$14.5m
1-47 Percival Street	Smithfeld,NSW	21,432sqm	8.2%	$24.5m
Nexus IndustryPark,Atlas	Prestons,NSW	13,120sqm	6.4%	$19.3m
Nexus IndustryPark,EW	Prestons,NSW	9,709sqm	4.6%	$13.8m
Nexus IndustryPark,Building3	Prestons,NSW	16,650sqm	7.9%	$23.8m
Nexus IndustryPark,HPM	Prestons,NSW	12,339sqm	5.5%	$16.6m
Mulgrave Business Park	Mulgrave,VIc	9,531sqm	7.1%	$21.5m
Hawdon IndustryPark	dandenong,VIc	20,812sqm	4.9%	$14.8m
1900 – 2060 Pratt Blvd	chicago,IL,USA	50,000sqm	17.3%	$36.0m(USd)
ToTaL		225,579sqm	100.0%	$300.1m1

WeigHTed average LeaSe eXpirY 5.01 YearS

occupaNcY

89.5%

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

GEOGRAPHIC
DIVERSIFICATION2
■NSW	70.6%
■VIC	12.1%
■USA	17.3%

1 BOOK VALUE AS AT 31 dEcEMBEr 2008. EXcLUdES dEVELOPMENT PrOJEcTS.

2 BY BOOK VALUE AS AT 31 dEcEMBEr 2008. EXcLUdES dEVELOPMENT ASSETS ANd INdIrEcT PrOPErTY INVESTMENT.

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	propErTy DETaiLS
OWNErSHIP 100% MPT	OWNErSHIP 100% MPT
NLA 6,718 sqm	NLA 26,492 sqm
cAr SPAcES 227	cAr SPAcES 299
AcQUISITION dATE Apr 00	AcQUISITION dATE Jul 94
BOOK VALUE $42.5m	BOOK VALUE $31.8m
VALUATION $43.5m	VALUATION $31.8m
VALUATION dATE 30 Jun 08	VALUATION dATE 31 dec 08
EXTErNAL VALUEr cOLLIErS INTErNATIONAL	EXTErNAL VALUEr SAVILLS
cAPITALISATION rATE 7.50%	cAPITALISATION rATE 7.75%
dIScOUNT rATE 8.75%	dIScOUNT rATE 9.00%
maJor TENaNTS NLa Sqm LEaSE EXpiry	maJor TENaNTS NLa Sqm LEaSE EXpiry
FOXTEL 6,718 Mar 18	YHI 4,915 Jul 13
	GSTAr AUST 4,722 Sept 12

LEaSE EXpiry proFiLE % arEa	LEaSE EXpiry proFiLE % arEa
VAcANcY 0%	VAcANcY 3.3%
FY09 0%	FY09 7.5%

FY10 0%	FY10 18.2%
FY11 0%	FY11 17.7%
FY12 0%	FY12 16.7%
FY13 0%	FY13 17.9%
BEYONd 100.0%	BEYONd 18.6%
WALE 9.25 YEArS	WALE 2.63 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 15,882sqm and a 7,055sqm 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 3,200sqm. The building is surrounded by extensive hardstand and there is potential to extend the warehouse by up to 3,000sqm.

propErTy DETaiLS	propErTy DETaiLS
OWNErSHIP 100% MPT	OWNErSHIP 100% MPT
NLA 22,937 sqm	NLA 15,839 sqm
cAr SPAcES 106	cAr SPAcES 170
AcQUISITION dATE Feb 04	AcQUISITION dATE Sep03
BOOK VALUE $25.3m	BOOK VALUE $14.5m
VALUATION $25.8m	VALUATION $18.5m
VALUATION dATE 31 Mar 08	VALUATION dATE 31 Mar 08
EXTErNAL VALUEr JONES LANG LASALLE	EXTErNAL VALUEr JONES LANG LASALLE
cAPITALISATION rATE 7.75%	cAPITALISATION rATE 7.75%
dIScOUNT rATE 9.00%	dIScOUNT rATE 8.75%
maJor TENaNTS NLa Sqm LEaSE EXpiry
VISY INdUSTrIAL PLASTIcS 22,937 Sep16

LEaSE EXpiry proFiLE % arEa	LEaSE EXpiry proFiLE % arEa
VAcANcY 0.0%	VAcANcY 100.0%
FY09 0.0%	FY09 0%
FY10 0.0%	FY10 0%
FY11 0.0%	FY11 0%
FY12 0.0%	FY12 0%
FY13 0.0%	FY13 0%
BEYONd 100.0%	BEYONd 0%
WALE 7.72 YEArS	WALE 0.00 YEArS

24 mirvac group PROPERTY COMPENDIUM

industrial portfolio

iNveSTmeNT

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

1 –47 percival street, 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. Building 2 will be rebuilt for Sandvik in FY10.

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 21,432 sqm	NLA 13,120 sqm
cAr SPAcES 207	cAr SPAcES 125
AcQUISITION dATE Nov 02	AcQUISITION dATE Aug04
BOOK VALUE $24.5m	BOOK VALUE $19.3m
VALUATION $25.3m	VALUATION $20.3m
VALUATION dATE 31 Mar 08	VALUATION dATE 31 Mar 08
EXTErNAL VALUEr SAVILLS	EXTErNAL VALUEr SAVILLS
cAPITALISATION rATE 7.50%	cAPITALISATION rATE 6.75%
dIScOUNT rATE 8.75%	dIScOUNT rATE 8.75%
maJor TENaNTS NLa Sqm LEaSE EXpiry	maJor TENaNTS NLa Sqm LEaSE EXpiry
SANdVIK AUSTrALIA 11,801 & 4,176 Sep15 & Apr 09	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%	VAcANcY 0%
FY09 19.5%	FY09 0%

FY10 0%	FY10 0%
FY11 0%	FY11 0%
FY12 25.5%	FY12 0%
FY13 0%	FY13 0%
BEYONd 55.1%	BEYONd 100.0%
WALE 4.50 YEArS	WALE 12.3 YEArS

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

nexus industry park (eW) 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	propErTy DETaiLS
OWNErSHIP 100% MPT	OWNErSHIP 100% MPT
NLA 9,709 sqm	NLA 16,650 sqm
cAr SPAcES 70	cAr SPAcES 163
AcQUISITION dATE Aug04	AcQUISITION dATE Aug04
BOOK VALUE $13.8m	BOOK VALUE $23.8m
VALUATION $14.5m	VALUATION $26.0m
VALUATION dATE 30 Jun 07	VALUATION dATE 31 dec 07
EXTErNAL VALUEr SAVILLS	EXTErNAL VALUEr SAVILLS
cAPITALISATION rATE 7.00%	cAPITALISATION rATE 6.50%
dIScOUNT rATE 8.75%	dIScOUNT rATE 8.25%
maJor TENaNTS NLa Sqm LEaSE EXpiry	maJor TENaNTS NLa Sqm LEaSE EXpiry
EW rEINFOrcEMENT PTY LTd 9,709 Nov 13	TOTAL cArE TrANSPOrT 9,056 Oct 13
	dE LONGHI 8,147 dec 13

LEaSE EXpiry proFiLE % arEa	LEaSE EXpiry proFiLE % arEa
VAcANcY 0%	VAcANcY 0%
FY09 0%	FY09 0%
FY10 0%	FY10 0%
FY11 0%	FY11 0%
FY12 0%	FY12 0%
FY13 0%	FY13 0%
BEYONd 100.0%	BEYONd 100.0%
WALE 4.92 YEArS	WALE 4.91 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 dATE		Aug04
BOOK VALUE		$16.6m
VALUATION		$16.6m
VALUATION dATE		31 dec 08
EXTErNAL VALUEr		SAVILLS
cAPITALISATION rATE		7.50%
dIScOUNT rATE		9.00%
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)& Jan 03(3)
BOOK VALUE		$21.5m
VALUATION		$21.8m
VALUATION dATE		30 Jun 08
EXTErNAL VALUEr	cOLLIErS INTErNATIONAL
cAPITALISATION rATE		8.75%
dIScOUNT rATE		9.00%
maJor TENaNTS	NLa Sqm	LEaSE EXpiry
NATIONAL FOOdS	5,876	Feb 09, Jun 11, Nov 10
VEMcO	1,165	dec 12

LEaSE EXpiry proFiLE % arEa	LEaSE EXpiry proFiLE % arEa
VAcANcY 0%	VAcANcY 12.8%
FY09 0%	FY09 35.7%

FY10 0%	FY10 0%
FY11 0%	FY11 39.2%
FY12 0%	FY12 0%
FY13 0%	FY13 12.3%
BEYONd 100.0%	BEYONd 0%
WALE 4.84 YEArS	WALE 1.4 YEArS

==> 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	propErTy DETaiLS
OWNErSHIP 100% MPT	OWNErSHIP 100% MPT
NLA 20,812 sqm	NLA 50,000 sqm
cAr SPAcES 216	cAr SPAcES 1,638
AcQUISITION dATE Jan 04	AcQUISITION dATE dec 07
BOOK VALUE $14.8m	BOOK VALUE $36.0m(USd)
VALUATION $15.4m	VALUATION $36.0m(USd)
VALUATION dATE 30 Jun 08	VALUATION dATE 17 Oct 08
EXTErNAL VALUEr M3	EXTErNAL VALUEr PGP VALUATIONS INc.
cAPITALISATION rATE 8.00%	cAPITALISATION rATE 7.25%
dIScOUNT rATE 9.00%	dIScOUNT rATE 9.25%
maJor TENaNTS NLa Sqm LEaSE EXpiry	maJor TENaNTS NLa Sqm LEaSE EXpiry
cSr LIMITEd 5,852 Jun 15	cLEAr LAM PAcKAGING 50,000 dec 14
APAcK PTY LTd 4,951 May11

LEaSE EXpiry proFiLE % arEa	LEaSE EXpiry proFiLE % arEa
VAcANcY 27.5%	VAcANcY 0%
FY09 0%	FY09 0%
FY10 0%	FY10 0%
FY11 23.7%	FY11 0%
FY12 0%	FY12 0%
FY13 20.8%	FY13 0%
BEYONd 28.0%	BEYONd 100.0%
WALE 3.19 YEArS	WALE 5.93 YEArS

28 mirvac group PROPERTY COMPENDIUM

retail portfolio

iNveSTmeNT

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

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

rhodes shopping centre, sydney, nsW
----- End of picture text -----

==> picture [105 x 101] intentionally omitted <==

GRADE

DIVERSIFICATION[1]

■	CONVENIENCE CENTRE	1.7%
■	CBD RETAIL	10.3%
■	SUB REGIONAL	75.0%
■	BULKY GOODS CENTRE	13.0%

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

GEOGRAPHIC

DIVERSIFICATION[1]

■	NSW	48.2%
■	VIC	20.2%
■	QLD	29.9%
■	WA	1.7%

1 BY BOOK VALUE AS AT 31 dEcEMBEr 2008. EXcLUdES dEVELOPMENT ASSETS ANd INdIrEcT PrOPErTY INVESTMENTS.

					29 i
			% oF rETaiL
			porTFoLio	cENTrE
propErTy	LocaTioN	gLa	BooK vaLuE1	maT2	BooK vaLuE
Greenwood Plaza	North Sydney,NSW	8,731sqm	5.1%	$69m	$75.5m3
Metcentre	Sydney,NSW	5,758sqm	3.4%	$36m	$51.3m3
Stanhope Village	Stanhope Gardens,NSW	15,451sqm	4.2%	$78m	$62.0m
St Marys Village centre	St Marys,NSW	16,170sqm	3.0%	$79m	$44.5m
Orange citycentre	Orange,NSW	18,066sqm	3.6%	$73m	$54.0m
Blacktown Mega centre	Blacktown,NSW	25,746sqm	2.7%	N/A	$40.0m
Ballina central	Ballina,NSW	13,546sqm	2.7%	$56m	$40.2m
ManningMall	Taree,NSW	10,704sqm	1.9%	$26m	$29.0m
rhodes Shoppingcentre	Sydney,NSW	32,586sqm	6.1%	$165m	$90.5m3
BroadwayShoppingcentre	Sydney,NSW	48,910sqm	13.6%	$334m	$202.5m3
Lake Haven Homemaker centre	Lake Haven,NSW	20,932sqm	2.0%	N/A	$30.0m
Logan Mega centre	Logan,QLd	27,102sqm	4.8%	N/A	$71.0m
Orion Springfeld Town centre	Springfeld,QLd	33,366sqm	6.3%	$117m	$93.7m4
Hinkler central	Bundaberg,QLd	21,049sqm	6.4%	$133m	$95.3m
Kawana Shoppingworld	Buddina,QLd	29,787sqm	12.6%	$219m	$188.0m
como centre retail	South Yarra,VIc	6,894sqm	1.8%	$14m	$26.7m
Gippsland centre	Sale,VIc	21,694sqm	3.7%	$114m	$54.6m
WaverleyGardens	Mulgrave,VIc	38,292sqm	9.5%	$139m	$142.0m
Moonee Ponds central	Moonee Ponds,VIc	6,244sqm	1.7%	$50m	$25.0m
Peninsula Lifestyle	Mornington,VIc	32,156sqm	3.5%	N/A	$53.0m
Kwinana Hub	Kwinana Town centre,WA	17,336sqm	1.7%	$84m	$25.0m
ToTaL		450,519sqm	100.0%		$1,493.7m1

WeigHTed average LeaSe eXpirY	5.5 YearS
occupaNcY5	98.6%

1 BOOK VALUE AS AT 31 dEcEMBEr 2008. EXcLUdES dEVELOPMENT PrOJEcTS.

2 12 MONTHS TO 31 dEcEMBEr 2008. IN AccOrdANcE WITH SccA GUIdELINES. 3 BOOK VALUE rEPrESENTS 50% INTErEST.

4 BOOK VALUE rEPrESENTS 66.7% INTErEST.

5 EXcLUdES BULKY GOOdS cENTrES.

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 Sydney cBd at the base of 60 Margaret Street with a direct pedestrian link to Wynyard Station.

Summary iNFormaTioN

GrAdE		cBd retail
OWNErSHIP		50% MPT, 50% EUrEKA
GLA		8,731 sqm
cAr SPAcES		512
AcQUISITION dATE		Jun 94
BOOK VALUE		$75.5m(50% interest)
VALUATION		$75.5m(50% interest)
VALUATION dATE		31 dec 08
EXTErNAL VALUEr	cOLLIErS INTErNATIONAL
cAPITALISATION rATE		6.25%
dIScOUNT rATE		8.75%
cENTrE MAT		$69m
maJor TENaNTS	NLa Sqm	LEaSE EXpiry
GrEENWOOd HOTEL	856	Nov 12
IGA EXPrESS	713	dec 17

GrAdE		cBd retail
OWNErSHIP		50% MPT, 50% MTAA
GLA		5,758 sqm
cAr SPAcES		N/A
AcQUISITION dATE		Aug98
BOOK VALUE		$51.3m(50% interest)
VALUATION		$51.3m(50% interest)
VALUATION dATE		31 dec 08
EXTErNAL VALUEr		SAVILLS
cAPITALISATION rATE		6.50%
dIScOUNT rATE		9.00%
cENTrE MAT		$36m
maJor TENaNTS	NLa Sqm	LEaSE EXpiry
PrIcELINE	680	Holdover
FLOrSHEIM	267	Oct 13

LEaSE EXpiry proFiLE % arEa	LEaSE EXpiry proFiLE % arEa
VAcANcY 2.4%	VAcANcY 3.4%
FY09 7.6%	FY09 5.3%

FY10 17.0%	FY10 21.3%
FY11 10.7%	FY11 11.0%
FY12 10.6%	FY12 7.4%
FY13 23.8%	FY13 10.7%
BEYONd 27.9%	BEYONd 40.9%
WALE 3.65 YEArS	WALE 3.77 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
BOOK VALUE $62.0m	BOOK VALUE $44.5m
VALUATION $65.0m	VALUATION $44.5m
VALUATION dATE 30 Jun 07	VALUATION dATE 31 dec 08
EXTErNAL VALUEr SAVILLS	EXTErNAL VALUEr KNIGHT FrANK
cAPITALISATION rATE 6.50%	cAPITALISATION rATE 7.25%
dIScOUNT rATE 8.75%	dIScOUNT rATE 9.00%
cENTrE MAT $78m	cENTrE MAT $79m
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 4,066 Nov 15

LEaSE EXpiry proFiLE % arEa	LEaSE EXpiry proFiLE % arEa
VAcANcY 1.4%	VAcANcY 0.3%
FY09 2.7%	FY09 0.6%
FY10 4.1%	FY10 4.2%
FY11 3.3%	FY11 4.5%
FY12 11.1%	FY12 51.7%
FY13 3.5%	FY13 9.8%
BEYONd 73.8%	BEYONd 28.9%
WALE 8.29 YEArS	WALE 3.80 YEArS

32 mirvac group PROPERTY COMPENDIUM

retail portfolio

iNveSTmeNT

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

orange city centre corner anson street & summer street, orange, nsW

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

BlacktoWn mega centre 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 Mega centre 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

GrAdE		Sub regional
OWNErSHIP		100% MPT
GLA		18,066 sqm
cAr SPAcES		414
AcQUISITION dATE		Apr 93
BOOK VALUE		$54.0m
VALUATION		$54.0m
VALUATION dATE		31 Mar 08
EXTErNAL VALUEr		SAVILLS
cAPITALISATION rATE		7.25%
dIScOUNT rATE		9.25%
cENTrE MAT		$73m
maJor TENaNTS	NLa Sqm	LEaSE EXpiry
BIG W	7,017	Nov 26
MYEr	6,858	Nov 11

GrAdE		BulkyGoods centre
OWNErSHIP		100% MPT
GLA		25,746 sqm
cAr SPAcES		546
AcQUISITION dATE		Jun 02
BOOK VALUE		$40.0m
VALUATION		$40.0m
VALUATION dATE		31 dec 08
EXTErNAL VALUEr		KNIGHT FrANK
cAPITALISATION rATE		8.50%
dIScOUNT rATE		9.75%
cENTrE MAT		N/A
maJor TENaNTS	NLa Sqm	LEaSE EXpiry
BUNNINGS	11,606	Oct 09
HArVEY NOrMAN	5,888	Mar 17

LEaSE EXpiry proFiLE % arEa	LEaSE EXpiry proFiLE % arEa
VAcANcY 0.1%	VAcANcY 0%
FY09 1.3%	FY09 2.8%

FY10 5.4%	FY10 52.1%
FY11 2.5%	FY11 8.4%
FY12 40.9%	FY12 5.7%
FY13 2.9%	FY13 2.2%
BEYONd 46.9%	BEYONd 28.8%
WALE 8.80 YEArS	WALE 3.23 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 sub-regional centre of over 13,000sqm 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 March 2009.

Summary iNFormaTioN

Summary iNFormaTioN	Summary iNFormaTioN
GrAdE Sub regional	GrAdE Sub regional(development)
OWNErSHIP 100% MPT	OWNErSHIP 100% MPT
GLA 13,546 sqm	GLA 10,704 sqm
cAr SPAcES 557	cAr SPAcES 357
AcQUISITION dATE dec 04	AcQUISITION dATE Nov 06
BOOK VALUE $40.2m	BOOK VALUE $29.0m
VALUATION $40.2m	VALUATION $32.5m
VALUATION dATE 30 Jun 08	VALUATION dATE 31 dec 07
EXTErNAL VALUEr SAVILLS	EXTErNAL VALUEr KNIGHT FrANK
cAPITALISATION rATE 7.00%	cAPITALISATION rATE 6.00%
dIScOUNT rATE 8.75%	dIScOUNT rATE 8.50%
cENTrE MAT $56m	cENTrE MAT $26m
maJor TENaNTS NLa Sqm LEaSE EXpiry	maJor TENaNTS NLa Sqm LEaSE EXpiry
BIG W 7,412 May26	TArGET 5,705 Nov 18
rITcHIES SUPA IGA 3,761 Jun 26	BI-LO 1,773 Jan 09

LEaSE EXpiry proFiLE % arEa	LEaSE EXpiry proFiLE % arEa
VAcANcY 1.7%	VAcANcY 3.9%
FY09 0%	FY09 4.8%
FY10 0%	FY10 2.4%
FY11 3.3%	FY11 9.7%
FY12 2.5%	FY12 24.5%
FY13 1.4%	FY13 2.1%
BEYONd 91.0%	BEYONd 52.5%
WALE 15.00 YEArS	WALE 5.98 YEArS

34 mirvac group PROPERTY COMPENDIUM

retail portfolio

iNveSTmeNT

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

rhodes shopping centre, sydney, nsW

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

BroadWay shopping centre sydney, 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 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 48,910 sqm
cAr SPAcES 2,400	cAr SPAcES 1,824
AcQUISITION dATE Jan 07	AcQUISITION dATE Jan 07
BOOK VALUE $90.5m(50% interest)	BOOK VALUE $202.5m(50% interest)
VALUATION $90.5m(50% interest)	VALUATION $202.5m(50% interest)
VALUATION dATE 31 dec 08	VALUATION dATE 31 dec 08
EXTErNAL VALUEr cB rIcHArd ELLIS	EXTErNAL VALUEr cB rIcHArd ELLIS
cAPITALISATION rATE 6.75%	cAPITALISATION rATE 6.25%
dIScOUNT rATE 9.25%	dIScOUNT rATE 8.75%
cENTrE MAT $165m	cENTrE MAT $334m
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	LEaSE EXpiry proFiLE % arEa
VAcANcY 0.2%	VAcANcY 0.7%
FY09 0.1%	FY09 3.2%

FY10 20.3%	FY10 2.7%
FY11 14.1%	FY11 7.2%
FY12 10.8%	FY12 11.5%
FY13 17.5%	FY13 40.1%
BEYONd 37.0%	BEYONd 34.6%
WALE 4.71 YEArS	WALE 6.79 YEArS

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

lake haven mega centre lake haven, nsW

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

logan mega centre, pacific hWy logan, Qld

DEScripTioN

Lake Haven Mega centre 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 20,932 sqm	GLA 27,102 sqm
cAr SPAcES 590	cAr SPAcES 600
AcQUISITION dATE Jul 07	AcQUISITION dATE Sep05
BOOK VALUE $30.0m	BOOK VALUE $71.0m
VALUATION $30.0m	VALUATION $71.0m
VALUATION dATE 31 dec 08	VALUATION dATE 31 dec 08
EXTErNAL VALUEr KNIGHT FrANK	EXTErNAL VALUEr cB rIcHArd ELLIS
cAPITALISATION rATE 8.75%	cAPITALISATION rATE 8.00%
dIScOUNT rATE 10.0%	dIScOUNT rATE 9.75%
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 6,125 Jul 17	ANAcONdA 3,425 Mar 17

LEaSE EXpiry proFiLE % arEa	LEaSE EXpiry proFiLE % arEa
VAcANcY 25.8%	VAcANcY 6.7%
FY09 0%	FY09 0%
FY10 0%	FY10 0%
FY11 0%	FY11 0%
FY12 0%	FY12 12.3%
FY13 3.5%	FY13 2.4%
BEYONd 70.7%	BEYONd 78.6%
WALE 4.50 YEArS	WALE 6.42 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, Kmart and 70 speciality stores.

Summary iNFormaTioN

GrAdE		Sub regional
OWNErSHIP		67% MPT, 33% MrEIT
GLA		33,366 sqm
cAr SPAcES		2,200
AcQUISITION dATE		Aug02
BOOK VALUE		$93.7m(67% interest)
VALUATION		$93.7m(67% interest)
VALUATION dATE		31 dec 08
EXTErNAL VALUEr		cB rIcHArd ELLIS
cAPITALISATION rATE		6.50%
dIScOUNT rATE		9.00%
cENTrE MAT		$117m
maJor TENaNTS	NLa Sqm	LEaSE EXpiry
BIG W	8,044	Mar 27
WOOLWOrTHS	4,188	Mar 27

GrAdE		Sub regional
OWNErSHIP		100% MPT
GLA		21,049 sqm
cAr SPAcES		1,046
AcQUISITION dATE		Aug03
BOOK VALUE		$95.3m
VALUATION		$96.0m
VALUATION dATE		31 Mar 08
EXTErNAL VALUEr		SAVILLS
cAPITALISATION rATE		6.75%
dIScOUNT rATE		8.75%
cENTrE MAT		$133m
maJor TENaNTS	NLa Sqm	LEaSE EXpiry
KMArT	6,208	Jul 09
WOOLWOrTHS	3,548	Mar 20

LEaSE EXpiry proFiLE % arEa	LEaSE EXpiry proFiLE % arEa	LEaSE EXpiry proFiLE % arEa
VAcANcY 0.4%		VAcANcY 1.0%
FY09 0%		FY09 0.7%

FY10 0.6%		FY10 30.7%
FY11 0%		FY11 13.5%
FY12 31.4%		FY12 6.0%
FY13 7.7%		FY13 4.0%
BEYONd 59.9%		BEYONd 44.0%
WALE 9.66 YEArS		WALE 4.36 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 a significant centre expansion.

DEScripTioN

The como centre is a mixed use office, retail and hotel complex, with the retail component comprising 33 specialty stores. The centre is located on the popular retail strip of chapel Street, Melbourne.

Summary iNFormaTioN

Summary iNFormaTioN	Summary iNFormaTioN
GrAdE Sub regional	GrAdE cBd retail
OWNErSHIP 100% MPT	OWNErSHIP 100% MPT
GLA 29,787 sqm	GLA 6,894 sqm
cAr SPAcES 1,710	cAr SPAcES 635
AcQUISITION dATE dec 93(50%)Jun 98(50%)	AcQUISITION dATE Aug98
BOOK VALUE $188.0m	BOOK VALUE $26.7m
VALUATION $188.0m	VALUATION $29.2m
VALUATION dATE 31 dec 08	VALUATION dATE 30 Jun 07
EXTErNAL VALUEr cB rIcHArd ELLIS	EXTErNAL VALUEr cOLLIErS INTErNATIONAL
cAPITALISATION rATE 6.50%	cAPITALISATION rATE 6.25%
dIScOUNT rATE 9.00%	dIScOUNT rATE 8.50%
cENTrE MAT $219m	cENTrE MAT $14m
maJor TENaNTS NLa Sqm LEaSE EXpiry	maJor TENaNTS NLa Sqm LEaSE EXpiry
BIG W 8,383 Jun 21	cINEMA cOMO 1,633 dec 14
WOOLWOrTHS 3,648 Nov 14	EcO HAIr PrOdUcTS 538 Oct 13

LEaSE EXpiry proFiLE % arEa	LEaSE EXpiry proFiLE % arEa
VAcANcY 0.2%	VAcANcY 7.5%
FY09 23.3%	FY09 3.9%
FY10 8.6%	FY10 14.8%
FY11 6.4%	FY11 8.4%
FY12 0.6%	FY12 13.6%
FY13 3.8%	FY13 11.0%
BEYONd 57.1%	BEYONd 40.8%
WALE 6.12 YEArS	WALE 3.44 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

GrAdE		Sub regional
OWNErSHIP		100% MPT
GLA		21,694 sqm
cAr SPAcES		1,062
AcQUISITION dATE		Jan 94
BOOK VALUE		$54.6m
VALUATION		$54.6m
VALUATION dATE		31 dec 08
EXTErNAL VALUEr		SAVILLS
cAPITALISATION rATE		7.50%
dIScOUNT rATE		9.50%
cENTrE MAT		$114m
maJor TENaNTS	NLa Sqm	LEaSE EXpiry
TArGET	7,778	Jun 10
cOLES	3,388	Nov 13

GrAdE		Sub regional
OWNErSHIP		100% MPT
GLA		38,292 sqm
cAr SPAcES		2,245
AcQUISITION dATE		Nov 02
BOOK VALUE		$142.0m
VALUATION		$142.0m
VALUATION dATE		31 dec 08
EXTErNAL VALUEr		M3
cAPITALISATION rATE		7.00%
dIScOUNT rATE		9.00%
cENTrE MAT		$139m
maJor TENaNTS	NLa Sqm	LEaSE EXpiry
TArGET	6,796	Jun 20
BIG W	6,770	Mar 27

LEaSE EXpiry proFiLE % arEa	LEaSE EXpiry proFiLE % arEa
VAcANcY 1.8%	VAcANcY 4.3%
FY09 2.0%	FY09 2.0%

FY10 44.9%	FY10 2.5%
FY11 2.9%	FY11 9.0%
FY12 6.4%	FY12 6.9%
FY13 4.9%	FY13 7.1%
BEYONd 37.2%	BEYONd 68.3%
WALE 4.97 YEArS	WALE 8.92 YEArS

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

moonee ponds central homer street, moonee ponds, vic

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

peninsula lifestyle nepean highWay, mornington, vic

DEScripTioN

The centre is located less than 7km north of the Melbourne cBd and is close to the busy Puckle Street retail strip. coles Supermarket and a strong specialty fresh food offer which anchors the centre.

DEScripTioN

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

The centre is adjacent to the new centre under development by Mirvac due for completion in March 2009.

Summary iNFormaTioN

Summary iNFormaTioN	Summary iNFormaTioN
GrAdE convenience centre	GrAdE BulkyGoods centre
OWNErSHIP 100% MPT	OWNErSHIP 100% MPT
GLA 6,244 sqm	GLA 32,156 sqm
cAr SPAcES 402	cAr SPAcES 900
AcQUISITION dATE May03	AcQUISITION dATE Jun 04
BOOK VALUE $25.0m	BOOK VALUE $53.0m
VALUATION $25.6m	VALUATION $53.0m
VALUATION dATE 30 Jun 08	VALUATION dATE 31 dec 08
EXTErNAL VALUEr SAVILLS	EXTErNAL VALUEr SAVILLS
cAPITALISATION rATE 7.25%	cAPITALISATION rATE 8.25%
dIScOUNT rATE 9.00%	dIScOUNT rATE 9.75%
cENTrE MAT $50m	cENTrE MAT N/A
maJor TENaNTS NLa Sqm LEaSE EXpiry	maJor TENaNTS NLa Sqm LEaSE EXpiry
cOLES 4,000 May12	cLIVE PEETErS 3,203 Aug10
MY cHEMIST 249 May15	FANTASTIc FUrNITUrE 2,280 Aug09

LEaSE EXpiry proFiLE % arEa	LEaSE EXpiry proFiLE % arEa
VAcANcY 1.3%	VAcANcY 6.8%
FY09 8.0%	FY09 0%
FY10 8.7%	FY10 10.8%
FY11 9.0%	FY11 24.4%
FY12 67.4%	FY12 14.0%
FY13 0.0%	FY13 6.1%
BEYONd 5.6%	BEYONd 37.8%
WALE 2.91 YEArS	WALE 3.26 YEArS

40 mirvac group PROPERTY COMPENDIUM

retail portfolio

iNveSTmeNT

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

kWinana huB gilmore avenue, kWinana toWn centre, Wa

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

GrAdE		Sub regional
OWNErSHIP		100% MPT
GLA		17,336 sqm
cAr SPAcES		1,201
AcQUISITION dATE		Sep05
BOOK VALUE		$25.0m
VALUATION		$30.0m
VALUATION dATE		30 Jun 08
EXTErNAL VALUEr		M3
cAPITALISATION rATE		7.75%
dIScOUNT rATE		8.75%
cENTrE MAT		$84m
maJor TENaNTS	NLa Sqm	LEaSE EXpiry
WOOLWOrTHS	3,541	Aug10
cOLES	2,670	Sep11

LEaSE EXpiry proFiLE % arEa

VAcANcY 0.8%
FY09 28.8%

FY10 17.2%
FY11 24.1%
FY12 16.7%
FY13 11.2%
BEYONd 1.2%
WALE 1.63 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	73.3%
AVErAGE rOOM rATE	$265.46
STAr rATING	5 star
AcQUISITION dATE	Aug98
BOOK VALUE	$28.9m1
VALUATION	$33.0m2
VALUATION dATE	30 Jun 07
EXTErNAL VALUEr	cOLLIErS INTErNATIONAL
cAPITALISATION rATE	7.00%
dIScOUNT rATE	10.25%

propErTy	LocaTioN	oWNErSHip	roomS	BooK vaLuE
The como Melbourne	South Yarra,VIc	100% MPT	107	$28.9m3
ToTaL			107	$28.9m

1 NET OF FF&E.

2 GrOSS OF FF&E. 3 BOOK VALUE AS AT 31 dEcEMBEr 2008. 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 located under Quay West Suites in The rocks area and close to the financial district of the 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
BOOK VALUE	$46.3m
VALUATION	$48.0m
VALUATION dATE	31 Mar 08
EXTErNAL VALUEr	cOLLIErS INTErNATIONAL
cAPITALISATION rATE	7.50%
dIScOUNT rATE	9.25%

propErTy DETaiLS

propErTy DETaiLS
OWNErSHIP	100% MPT
NUMBEr OF BAYS	629
AcQUISITION dATE	Aug98
BOOK VALUE	$20.7m
VALUATION	$22.0m
VALUATION dATE	30 Jun 07
EXTErNAL VALUEr	cOLLIErS INTErNATIONAL
cAPITALISATION rATE	7.25%
dIScOUNT rATE	8.75%

					% oF parKiNg
					porTFoLio
propErTy	LocaTioN	oWNErSHip	TypE	car SpacES	BooK vaLuE	BooK vaLuE
QuayWest	Sydney,NSW	100% MPT	commercial	600	54.1%	$46.3m
The como centre	Melbourne,VIc	100% MPT	commercial/retail	629	24.2%	$20.7m
riverside Quay	Melbourne,VIc	100% MPT	commercial	560	21.6%	$18.5m
ToTaL				1,789	100.0%	$85.5m

==> 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
BOOK VALUE	$18.5m
VALUATION	$19.0m
VALUATION dATE	30 Jun 07
EXTErNAL VALUEr	M3
cAPITALISATION rATE	7.50%
dIScOUNT rATE	8.75%

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
Westfeld	Parramatta,NSW	retail	4,650	Managed
rhodes Shoppingcentre	rhodes,NSW	retail	2,400	50% MPT1
Westfeld	Hornsby,NSW	retail	3,570	Managed
Westfeld	Penrith,NSW	retail	3,500	Managed
citigate central	Sydney,NSW	Hotel/commercial	600	50% MWHF2
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
QVB	Sydney,NSW	commercial/retail	660	Managed
Westfeld	Woden,AcT	retail	2,525	Managed
John Oxleycentre	Brisbane,QLd	commercial	319	100% MPT1
127 creek Street	Brisbane,QLd	commercial	150	Managed
The como centre	Melbourne,VIc	commercial/retail	629	100% MPT1
riverside Quay	Melbourne,VIc	commercial	560	100% MPT1
citigate Sebel Albert Park	Melbourne,VIc	Hotel/commercial	570	50% MWHF2
Westpoint	Blacktown,NSW	retail	4,800	Managed
Section 63	civic,AcT	commercial	866	50% Mirvac Projects
ToTaL			36,175

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

MANAGEMENT
DIVERSIFICATION
■OWNED	16.1%
■MANAGED	83.9%

1 MIrVAc PrOPErTY TrUST. 2 MIrVAc WHOLESALE HOTEL FUNd.

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

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

60 margaret street, sydney, nsW
----- End of picture text -----

46 mirvac group PROPERTY COMPENDIUM

investment management $7.6 Billion

==> picture [37 x 239] intentionally omitted <==

investment management listed/retail funds Wholesale funds Joint ventures

3 rider Boulevard, rhodes, nsW

48 mirvac group PROPERTY COMPENDIUM

investment management

mirvac investment management manages approximately $7.6 Billion[1] on Behalf of approximately 34,000 institutional, retail and private client investors, across listed, unlisted and Wholesale funds and Joint ventures.

FUM BY CORE BUSINESS AREA

FUM BY MARKET SEGMENT

==> picture [507 x 154] intentionally omitted <==

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

■ LISTED / RETAIL 40.4% ■ LISTED FUNDS 28.0%
■ WHOLESALE 25.3% ■ RETAIL FUNDS 14.0%
■ JV – AUSTRALIA 6.0% ■ WHOLESALE 25.8%
■ JV – INTERNATIONAL 28.3% ■ MANDATES 32.2%
----- End of picture text -----

	49 i
reTaiL	FuNdS uNder maNagemeNT $3.1 biLLioN
LiSTed	uNLiSTed
MIRvaC REal EsTaTE INvEsTMENT TRUsT	MIRvaC TOURIsT PaRk FUND
MIRvaC INDUsTRIal TRUsT	MIRvaC DEvElOPMENT FUND – sEasCaPEs
MIRvaC PFa DIvERsIFIED PROPERTY TRUsT	MIRvaC DEvElOPMENT FUND – MEaDOW sPRINgs
	MIRvaC DOMaINE sEQ gROWTh TRUsT
	MIRvaC DOMaINE hUNTER FUND
	MIRvaC DOMaINE DIvERsIFIED PROPERTY FUND
	MIRvaC DOMaINE laND FUND
WHoLeSaLe	FuNdS uNder maNagemeNT $1.9 biLLioN
FuNdS	maNdaTeS
MIRvaC WhOlEsalE hOTEl FUND	aUsTRalIaNsUPER
TRavElODgE gROUP	MIRvaC MEZZaNINE CaPITal FUND
MIRvaC WhOlEsalE REsIDENTIal DEvElOPMENT
PaRTNERshIP
MIRvaC DOMaINE sEQ gROWTh FUND
CITY REgENERaTION FUND2
JoiNT veNTureS 1,4	FuNdS uNder maNagemeNT $2.6 biLLioN
auSTraLiaN – FuNdS	iNTerNaTioNaL – FuNdS
JF INFRasTRUCTURE YIElD FUND	QUaDRaNT FUND3
aUsTRalIaN sUsTaINablE FOREsTRY INvEsTORs	CalIFORNIa COMMUNITY MORTgagE3
NEW ZEalaND sUsTaINablE FOREsTRY INvEsTORs	CORE MORTgagE FUNDs 1 & 23
JF INFRasTRUCTURE sUsTaINablE EQUITY FUND	INsTITUTIONal COMMERCIal MORTgagE FUND NOs 2 TO 53
MIRvaC aQUa INCOME FUND
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 – maNdaTeS	iNTerNaTioNaL – maNdaTeS
INTERNaTIONal PaRkINg gROUP	QUaDRaNT REal EsTaTE aDvIsORs
TElsTRa DOME
PRIvaTE ClIENT MaNDaTEs

1 FIGUrES QUOTEd ArE AFTEr AdJUSTMENTS FOr JOINT VENTUrE INTErESTS (BEFOrE AdJUSTING FOr JOINT VENTUrE INTErESTS FUM TOTAL IS $10.3 BILLION).

2 MIrVAc AcQUIrEd THE rEMAINING 50 PEr cENT INTErEST IN THE MANAGEMENT ENTITY ON 1 JULY 2008. 3 FUNdS MANAGEd BY QUAdrANT rEAL ESTATE AdVISOrS.

4 MIrVAc IS A 50 PEr cENT OWNEr OF THE MANAGEMENT ENTITY.

50 mirvac group PROPERTY COMPENDIUM

investment management / listed – retail

mirvac reaL eSTaTe iNveSTmeNT TruST

FocuS	Fum ($m)1	No oF iNvESTorS
Listed	1,273.9	25,850

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 seven commercial properties, 12 retail centres, eight business park/industrial properties and an interest in 13 Travelodge hotels. MrEIT also has investments in listed and unlisted property trusts and listed Australian equities.

At 31 december 2008 MrEIT had gross assets of approximately $1.27 billion and a market capitalisation of approximately $200.7 million.

				iNDEpENDENT
		aSSET	acquiSiTioN	vaLuaTioN	iNDEpENDENT	BooK	capiTaLiSaTioN	LETTaBLE
propErTy	STaTE	oWNErSHip	DaTE	DaTE	vaLuaTioN	vaLuE 1	raTE	arEa
commErciaL
10 – 20 Bond Street,Sydney	NSW	50%	Jul 04	Jun 08	$150.0m	$137.0m	6.25%	37,860sqm
3 rider Boulevard,rhodes	NSW	100%	Jan 07	Jun 08	$77.8m	$75.8m	7.25%	16,714sqm
340 Adelaide Street,Brisbane	QLd	100%	Sep98	Jun 08	$77.0m	$77.0m	7.75%	13,290sqm
12 cribb Street,Milton	QLd	100%	Apr 99	dec 08	$18.5m	$18.5m	8.25%	3,311sqm
191 – 197 Salmon Street,Port Melbourne	VIc	50%	Jul 03	Jun 07	$56.8m	$55.0m	6.75%	21,763sqm
591 – 609 doncaster road,doncaster	VIc	100%	Jun 02	dec 08	$21.8m	$21.8m	8.00%	8,860sqm
35 – 45 Furzer Street,Woden3	AcT	100%	Feb 00	Jun 08	$18.1m	$12.0m	N/A	17,884sqm
ToTaL commErciaL					$420.0m	$397.1m	7.01% 2	119,682sqm
rETaiL
cherrybrook Village Shoppingcentre	NSW	100%	Jun 05	Jun 08	$82.0m	$81.5m	6.50%	9,466sqm
			Jul 01 (50%)
Taree citycentre	NSW	100%	Nov 04(50%)	Jun 08	$65.0m	$62.2m	6.75%	15,553sqm
Moonee Beach Shoppingcentre	NSW	100%	Feb 07	dec 08	$18.0m	$18.0m	8.75%	10,884sqm
chester Square Shoppingcentre	NSW	100%	Mar 07	Jun 08	$33.0m	$30.8m	7.50%	8,298sqm
Pender Place Shoppingcentre,Maitland	NSW	100%	Sep07	dec 08	$11.0m	$11.0m	8.50%	4,799sqm
Orion Springfeld Town centre	QLd	33%	Jun 03	dec 08	$46.8m	$46.8m	6.50%	32,531sqm
citycentre Plaza,rockhampton	QLd	100%	Mar 04	Jun 08	$51.5m	$48.8m	7.25%	14,111sqm
Morayfeld Supa centre	QLd	100%	Sep07	dec 08	$36.5m	$36.5m	8.75%	22,037sqm
Alexandra Hills Shoppingcentre4	QLd	100%	Aug00	dec 08	$41.0m	$41.0m	8.00%	12,344sqm
Mt Sheridan Plaza,cairns3, 6	QLd	100%	Sep07	Jun 07	$25.0m	$23.5m	N/A	7,650sqm
Orion Springfeld(vacant land)	QLd	33%	Jun 03	Jun 03	$13.3m 5	$11.1m	N/A	N/A
Morayfeld Supacentre,Morayfeld(vacant land)	QLd	100%	Sep07	dec 08	$3.5m	$3.5m	N/A	N/A
Mt Sheridan,cairns(vacant land) 3	QLd	100%	Sep07	Jun 07	$3.3m	$2.3m	N/A	N/A
			Jul 01 (50%)
cooleman court,Weston	AcT	100%	Nov 04(50%)	Mar 06	$39.0m	$50.8m	N/A	9,919sqm5
Lanyon Market Place,condor	AcT	100%	Sep07	dec 08	$23.0m	$23.0m	7.75%	5,459sqm
ToTaL rETaiL					$491.9m	$490.8m	7.30% 2	153,051sqm

1 SUBJEcT TO FINAL AUdIT ANd BOArd APPrOVAL.

2 WEIGHTEd AVErAGE cAPITALISATION rATE (EXcLUdES ALL dEVELOPMENT ANd VAcANT LANd ASSETS).

3 ASSET HELd FOr SALE AT 31 dEcEMBEr 2008.

4 cONTrAcTS EXcHANGEd FOr SALE IN FEBrUArY 2009

5 rEPrESENTS OrIGINAL SITE ArEA.

6 LETTABLE ArEA PrE-dEVELOPMENT.

								51 i
				iNDEpENDENT
		aSSET	acquiSiTioN	vaLuaTioN	iNDEpENDENT	BooK	capiTaLiSaTioN	LETTaBLE
propErTy	STaTE oWNErSHip		DaTE	DaTE	vaLuaTioN	vaLuE 1	raTE	arEa
iNDuSTriaL
10 Julius Avenue,North ryde	NSW	100%	dec 05	Jun 08	$65.3m	$60.3m	7.25%	13,386sqm
32 Sargents road,Minchinbury	NSW	100%	Feb 04	Jun 08	$30.3m	$28.5m	7.50%	22,378sqm
12 Julius Avenue,North ryde	NSW	100%	Nov 99	Jun 08	$29.7m	$28.8m	7.25%	7,308sqm
108 – 120 Silverwater road,Silverwater	NSW	100%	Mar 00	dec 08	$27.2m	$27.2m	8.25%	17,830sqm
52 Huntingwood drive,Huntingwood	NSW	100%	Nov 04	Jun 08	$27.3m	$26.2m	7.75%	19,286sqm
90 Ashford Avenue,Milperra3	NSW	100%	Sep07	Oct 08	$11.25m	$11.0m	8.50%	7,970sqm
Network,Eastern creek	NSW	50%	Jun 04	Oct 08	$7.0m	$7.0m	N/A	N/A
47 – 67 Westgate drive,Altona North	VIc	100%	Sep07	dec 08	$22.5m	$22.5m	8.00%	27,081sqm
ToTaL iNDuSTriaL					$220.6m	$211.5m	7.63 % 2	115,239sqm
TravELoDgE group – JoiNTLy oWNED By Nrma 50%, mrEiT			49% aND mpT 1%
	NSW/QLd/		Mar 05 –	Jun 07 –
Travelodge – 13 hotels4	VIc/WA/Nz	49%	dec 07	dec 08	$169.9m	$173.2m	8.75 – 12.00%	–
ToTaL TravELoDgE HoTELS					$169.9m	$173.2m	9.14% 2	2,043 rooms
ToTaL DirEcT propErTy					$1,302.4m	$1,272.6m	7.54%2	387,972sqm
oTHEr aSSETS	$m
Trafalgar corporate Group	$4.7m4
Unlisted funds	$21.8m
ToTaL oTHEr aSSETS	$26.5m

1 SUBJEcT TO FINAL AUdIT ANd BOArd APPrOVAL.

2 WEIGHTEd AVErAGE cAPITALISATION rATE (EXcLUdES ALL dEVELOPMENT ANd VAcANT LANd ASSETS). 3 ASSET HELd FOr SALE AT 31 dEcEMBEr 2008.

4 HELd BY MrEIT AS UNITS IN A TrUST, BOOK VALUE rEFLEcTS cOrE PrOPErTY ONLY.

52 mirvac group PROPERTY COMPENDIUM

investment management / listed – retail

mirvac iNduSTriaL TruST

FocuS	Fum auD ($m)1, 2	No oF iNvESTorS
Listed	842.2	2,320

The Mirvac Industrial Trust (MIX) is an ASX listed property trust. At 31 december 2008 MIX had gross assets of approximately A$842.2 million, through a 95 per cent interest in 66 industrial assets located in or around the Greater chicago region (including Milwaukee and Indiana) and in Grand rapids, Michigan.

The portfolio has a diverse range of quality tenants and assets. MIX acquired its 95 per cent interest in the portfolio from centerPoint Properties Trust, one of the first major rEITs in the US to focus on the industrial property market within the Greater chicago region. Through a joint venture with MIX, centerPoint retain a five per cent interest in and manage the portfolio.

				iNDEpENDENT	iNDEpENDENT	BooK		groSS
	aSSET		acquiSiTioN	vaLuaTioN	vaLuaTioN	vaLuE	capiTaLiSaTioN	LETTaBLE
propErTy	SuB marKET	oWNErSHip	DaTE	DaTE	(auD) 1	(auD) 1,2	raTES4	arEa
grEaTEr cHicago rEgioN
1750 South Lincoln drive	McHenrycounty	95%	Nov 05	dec 08	$17.3m	$17.3m	9.00%	499,200sqft
308 South division Street	McHenrycounty	95%	May05	dec 08	$34.6m	$34.6m	10.00%1,297,671sqft
875 West diggins Street	McHenrycounty	95%	Jun 06	Jun 08	$8.5m	$7.7m	8.75%	126,304sqft
28170 North Keith drive	Lake county	95%	Jul 05	dec 08	$5.8m	$5.8m	8.25%	77,924sqft
3145 central Avenue	Lake county	95%	Jul 05	Jun 08	$15.9m	$14.2m	8.25%	292,000sqft
3849 – 3865 Swanson court	Lake county	95%	Feb 06	dec 08	$5.2m	$5.2m	8.25%	100,000sqft
1100 Lakeside drive	Lake county	95%	Jun 06	dec 08	$4.7m	$4.7m	8.00%	40,000sqft
1810 Northwestern drive	Lake county	95%	Jun 06	Jun 08	$9.8m	$9.0m	8.75%	122,712sqft
620 South Butterfeld road	Lake county	95%	Jun 06	Jun 08	$4.6m	$4.2m	8.00%	24,237sqft
5990 West TouhyAvenue	Northeast cook county	95%	Feb 06	Jun 07	$23.7m	$23.3m	8.50%	302,379sqft
3602 North Kennicott Avenue	Northwest cook county	95%	Jul 05	Jun 08	$8.1m	$8.0m	7.00%	94,300sqft
1301 Tower drive	Northwest cook county	95%	Jun 06	dec 08	$10.4m	$10.4m	8.00%	50,400sqft
1605 PennyLane	Northwest cook county	95%	Jun 06	Jun 08	$3.3m	$3.2m	8.00%	27,742sqft
1665 PennyLane	Northwest cook county	95%	Jun 06	Jun 08	$3.2m	$3.0m	7.50%	20,757sqft
514 – 532 Hicks road	Northwest cook county	95%	Jun 06	dec 08	$4.2m	$4.2m	8.50%	71,100sqft
900 West Universitydrive	Northwest cook county	95%	Jun 06	Jun 08	$9.1m	$9.0m	7.50%	86,254sqft
1111 Bowes road	North Kane county	95%	Jun 06	dec 08	$11.4m	$11.4m	7.75%	144,578sqft
800 – 850 regencydrive	North duPage county	95%	May05	Jun 07	$6.1m	$6.0m	8.75%	48,230sqft
1445 – 1645 Greenleaf Avenue	O’Hare	95%	May05	dec 08	$9.2m	$9.2m	7.75%	150,000sqft
1796 Sherwin Avenue	O’Hare	95%	Nov 05	Jun 07	$8.2m	$5.7m	8.00%	95,535sqft
1850 Greenleaf Avenue	O’Hare	95%	Nov 05	dec 08	$4.8m	$4.8m	8.00%	58,627sqft
2600 Elmhurst road	O’Hare	95%	Jun 06	dec 08	$9.2m	$9.2m	7.00%	105,000sqft
850 Arthur Avenue	O’Hare	95%	Jun 06	Jun 08	$4.3m	$3.9m	7.75%	42,490sqft
712 North central Avenue	O’Hare	95%	Jun 06	dec 08	$7.2m	$7.2m	8.00%	56,897sqft

1 AUd/USd EXcHANGE rATE OF 0.6928.

2 SUBJEcT TO FINAL AUdIT ANd BOArd APPrOVAL.

3 ASSET HELd FOr SALE AT 31 dEcEMBEr 2008.

4 INTErNAL ANd EXTErNAL cAPITALISATION rATES.

5 WEIGHTEd BY BOOK VALUE.

								53 i
				iNDEpENDENT	iNDEpENDENT	BooK		groSS
	aSSET		acquiSiTioN	vaLuaTioN	vaLuaTioN	vaLuE	capiTaLiSaTioN	LETTaBLE
propErTy	SuB marKET	oWNErSHip	DaTE	DaTE	(auD) 1	(auD) 1, 2	raTES4	arEa
1900 North 5th Avenue	Near West Suburbs	95%	dec 06	dec 08	$13.6m	$13.6m	8.25%	295,362sqft
100 West Whitehall	Near West Suburbs	95%	Jun 06	Jun 08	$21.1m	$19.8m	7.50%	251,584sqft
342 – 346 carol Lane	West Suburbs	95%	Jun 06	dec 08	$7.8m	$7.8m	8.00%	67,935sqft
200 South Mitchell	West Suburbs	95%	Jun 06	Jun 08	$13.2m	$11.2m	8.00%	152,200sqft
5101 darmstadt road	West Suburbs	95%	Jun 06	dec 08	$6.8m	$6.8m	7.75%	61,054sqft
1020 Frontenac road	Far West Suburbs	95%	Nov 05	Jun 07	$6.6m	$5.7m	8.00%	99,684sqft
1880 countryFarm road	Far West Suburbs	95%	Jul 07	dec 08	$14.7m	$14.7m	7.75%	162,000sqft
2727 West deihl road	Far West Suburbs	95%	May05	Jun 07	$42.0m	$36.9m	7.25%	440,343sqft
6000 West 73rd Street	Southwest Suburbs	95%	Nov 05	Jun 08	$8.5m	$8.4m	7.75%	148,091sqft
6510 West 73rd Street	Southwest Suburbs	95%	May05	Jun 08	$12.0m	$10.1m	8.50%	306,552sqft
6558 West 73rd Street	Southwest Suburbs	95%	Feb 06	dec 08	$13.6m	$13.6m	8.00%	301,000sqft
6600 river road	Southwest Suburbs	95%	Feb 06	Jun 07	$29.0m	$25.6m	8.25%	630,410sqft
6751 South Sayre Avenue	Southwest Suburbs	95%	Nov 05	dec 08	$9.5m	$9.5m	8.00%	242,690sqft
7200 South Mason Avenue	Southwest Suburbs	95%	Jul 05	Jun 07	$12.3m	$10.7m	7.75%	207,345sqft
9700 Harlem Avenue	Southwest Suburbs	95%	Jul 05	Jun 08	$4.3m	$2.6m	8.50%	101,140sqft
7447 South central	Southwest Suburbs	95%	Jun 06	Jun 08	$4.6m	$3.8m	8.50%	118,218sqft
625 Willowbrook center Parkway	Far Southwest Suburbs	95%	Jun 06	dec 08	$8.4m	$8.4m	8.75%	41,600sqft
900 East 103rd Street	citySouth	95%	Jul 05	dec 08	$16.5m	$16.5m	9.25%	529,215sqft
11601 South central Avenue	South Suburbs	95%	Feb 06	dec 07	$14.1m	$11.0m	8.50%	260,000sqft
13040 South Pulaski Avenue	South Suburbs	95%	Nov 05	Jun 08	$16.7m	$14.4m	8.50%	395,412sqft
16750 Vincennes road	South Suburbs	95%	Jun 06	Jun 08	$9.1m	$7.5m	8.50%	202,510sqft
21399 Torrence Avenue	South Suburbs	95%	Jun 06	Jun 08	$14.6m	$13.5m	9.00%	375,475sqft
5619 – 5625 West 115th Street	South Suburbs	95%	Jun 06	dec 07	$21.7m	$17.3m	8.50%	399,511sqft
21705 – 21707 West Mississippi Street	Joliet Area	95%	Jul 05	dec 08	$67.0m	$67.0m	6.50%	1,022,554sqft
27413 South Baseline road	Joliet Area	95%	Jul 05	Jun 08	$36.1m	$33.8m	6.50%	213,500sqft
Ec VI – 4507 columbia	Northwest Indiana	95%	Feb 06	Jun 08	$12.0m	$10.3m	9.50%	256,595sqft
Ec VI – 4531 columbia	Northwest Indiana	95%	Feb 06	Jun 08	$12.0m	$11.0m	9.50%	266,967sqft

54 mirvac group PROPERTY COMPENDIUM

investment management / listed – retail

iNveSTmeNT

				iNDEpENDENT	iNDEpENDENT	BooK		groSS
	aSSET		acquiSiTioN	vaLuaTioN	vaLuaTioN	vaLuE	capiTaLiSaTioN	LETTaBLE
propErTy	SuB marKET	oWNErSHip	DaTE	DaTE	(auD) 1	(auD) 1, 2	raTES4	arEa
miLWauKEE
	Kenosha/racine
8100 100th Street	counties	95%	Nov 05	Jun 07	$3.3m	$2.7m	8.50%	38,290sqft
	Kenosha/racine
8200 100th Street	counties	95%	Nov 05	Jun 08	$10.7m	$9.6m	8.50%	148,472sqft
W165 N5830 ridgewood drive	Milwaukee	95%	May05	dec 07	$26.3m	$23.4m	8.25%	300,120sqft
5110 South 6th Street	Milwaukee	95%	Nov 05	Jun 07	$5.6m	$4.7m	8.25%	58,500sqft
525 West Marquette Avenue	Milwaukee	95%	Nov 05	Jun 07	$7.7m	$7.0m	8.25%	112,144sqft
6736 West Washington	Milwaukee	95%	Nov 05	Jun 08	$8.9m	$8.4m	8.25%	113,620sqft
11100 West Silver Springroad	Milwaukee	95%	Jun 06	Jun 08	$7.9m	$5.8m	8.50%	127,400sqft
1500 W zellman court	Milwaukee	95%	Jun 06	dec 08	$4.0m	$4.0m	8.50%	20,800sqft
301 East Vienna Avenue	Milwaukee	95%	Jun 06	Jun 08	$6.2m	$5.1m	8.50%	116,354sqft
3511 West Green Tree road3	Milwaukee	95%	Jun 06	Jun 08	$6.2m	$6.1m	8.50%	172,000sqft
6400 West Enterprise drive	Milwaukee	95%	Jun 06	dec 08	$38.7m	$38.7m	7.50%	487,398sqft
6600 North Industrial road	Milwaukee	95%	Jun 06	dec 08	$4.9m	$4.9m	8.75%	110,400sqft
7620 South 10th Street	Milwaukee	95%	Jun 06	dec 08	$7.8m	$7.8m	8.50%	150,192sqft
N53 W24700 corporate circle	Milwaukee	95%	Jun 06	dec 08	$8.2m	$8.2m	8.50%	192,000sqft
micHigaN
5450 Kraft Avenue	Grand rapids	95%	Jun 06	Jun 08	$4.5m	$4.3m	9.00%	31,854sqft
ToTaL					$827.4m	$773.2m	8.05% 5	13,662,828sqft

1 AUd/USd EXcHANGE rATE OF 0.6928.

2 SUBJEcT TO FINAL AUdIT ANd BOArd APPrOVAL.

5 WEIGHTEd BY BOOK VALUE.

3 ASSET HELd FOr SALE AT 31 dEcEMBEr 2008.

4 INTErNAL ANd EXTErNAL cAPITALISATION rATES.

mirvac pFa diverSiFied properTY TruST

FocuS	Fum ($m) 1	No oF iNvESTorS
Listed	635.1	4,286

Mirvac PFA diversified Property Trust is listed on the Bendigo Stock Exchange. The Trust owns a portfolio of 19 quality Australian properties, diversified across the retail, commercial, industrial and hotel sectors.

				iNDEpENDENT
		aSSET	acquiSiTioN	vaLuaTioN	iNDEpENDENT	BooK	capiTaLiSaTioN	LETTaBLE
propErTy	STaTE	oWNErSHip	DaTE	DaTE	vaLuaTioN	vaLuE 1	raTE	arEa
commErciaL
civic Tower,Sydney	NSW	50%	dec 05	Sep08	$66.9m	$67.3m	7.00%	23,125sqm
The Octagon,Parramatta	NSW	50%	May07	Sep08	$38.0m	$38.0m	8.00%	20,839sqm
706 Mowbrayroad,Lane cove	NSW	100%	Jan 07	Jun 08	$24.1m	$24.2m	9.00%	16,937sqm
657 Pacifc Highway,St Leonards	NSW	100%	Oct 07	dec 08	$19.0m	$19.0m	7.75%	3,666sqm
390 St Kilda road,Melbourne	VIc	100%	Aug07	Sep08	$61.0m	$61.0m	7.65%	16,472sqm
Foxtel Building,Moonee Ponds	VIc	100%	Jun 07	dec 08	$26.3m	$26.3m	8.13%	7,136sqm
AAPT centre,richmond	VIc	100%	Jun 05	Jun 08	$20.5m	$20.6m	7.75%	5,501sqm
Anzac Square,Brisbane	QLd	100%	Apr 99	Jun 08	$38.5m	$38.5m	8.00%	6,180sqm
The Precinct,coorparoo	QLd	100%	Apr 99	dec 07	$18.0m	$15.8m	8.25%	4,898sqm
Sevenoaks,cannington	WA	100%	Feb 05	Jun 08	$50.9m	$51.8m	9.25%	20,820sqm
Sevenoaks,cannington(vacant land)2	WA	100%	Feb 05	Jun 08	$4.4m	$3.0m	N/A	N/A
The Lands Building,Hobart	TAS	100%	Feb 04	dec 08	$35.0m	$35.0m	8.75%	11,675sqm
ToTaL commErciaL					$402.6m	$400.5m		137,249sqm
rETaiL
riverdale centre,dubbo	NSW	100%	Sep02	Mar 08	$12.3m	$11.5m	10.00%	6,146sqm
cairns Hypermart,cairns	QLd	100%	dec 01	dec 08	$22.6m	$22.6m	8.25%	15,292sqm
180 Queen Street,Brisbane	QLd	100%	Oct 05	dec 08	$24.0m	$24.0m	7.75%	3,652sqm
544 Kessels road,MacGregor	QLd	100%	Apr 99	Jun 07	$17.7m	$17.7m	7.75%	8,269sqm
Homeworld centre,Tuggeranong	AcT	100%	dec 99	Jun 08	$29.9m	$29.7m	8.75%	12,354sqm
ToTaL rETaiL					$106.5m	$105.5m		45,713sqm
iNDuSTriaL
33 Mcdowell Street,Welshpool	WA	100%	Jun 05	Jun 07	$9.8m	$8.7m	9.50%	14,036sqm
ToTaL iNDuSTriaL					$9.8m	$8.7m		14,036sqm
HoTELS
citigate Perth,Perth	WA	100%	Jun 07	Mar 08	$61.0m	$64.6m	8.50%	278 rooms
citigate Melbourne,Melbourne	VIc	100%	Jun 06	Mar 08	$39.3m	$39.3m	8.50%	179 rooms
ToTaL HoTELS					$100.3m	$103.9m
ToTaL propErTy porTFoLio					$619.0m	$618.5m		196,998sqm

1 SUBJEcT TO FINAL AUdIT ANd BOArd APPrOVAL. 2 HELd FOr SALE AT 31 dEcEMBEr 2008.

56 mirvac group PROPERTY COMPENDIUM

investment management / unlisted – retail

iNveSTmeNT

FocuS	Fum ($m) 1	No oF iNvESTorS
retail	723.8	1,527

Mirvac Investment Management provides sector specific and specialised unlisted funds, across the retail and wholesale markets. At 31 december 2008, Mirvac Investment Management had seven active unlisted funds with approximately $723.8 million under management.

			aSSET
FuND	STaTE	SEcTor	oWNErSHip	FuND SiZE 1	LETTaBLE arEa
mirvac TouriST parK FuND				$35.5m	14.44ha
FreeSpirit resort,darwin	NT	Tourist Park	100%		11.25 ha
Fraser Lodge HolidayPark,HerveyBay	QLd	Tourist Park	100%		3.19 ha
mirvac DEvELopmENT FuNDS				$65.0m	1,161 lots
Seascapes,Mandurah	WA	residential	100%		529 lots
Meadow Springs,Mandurah	WA	residential	100%		632 lots
mirvac DomaiNE SEq groWTH FuNDS				$444.0m	77,973sqm
333 Ann Street,Brisbane	QLd	commercial	100%		16,625sqm
cB1 and cB2,Brisbane	QLd	commercial	100%		18,158sqm
IcB central,Herston2	QLd	commercial	100%		11,261sqm
calamvale Shoppingcentre,calamvale	QLd	retail	100%		16,518sqm
Mt Gravatt Village Shoppingcentre,Mt Gravatt	QLd	retail	100%		7,765sqm
84 Lahrs road,Yatala	QLd	Industrial	100%		7,646sqm
mirvac DomaiNE HuNTEr FuND				$53.0m	28,207sqm
The Forum,charlestown2	NSW	commercial/Leisure	100%		7,718sqm
525 High Street,Maitland	NSW	commercial	100%		1,930sqm
Belmont Plaza Shoppingcentre,Belmont	NSW	retail	50%		6,642sqm
17 Nelson road,cardiff	NSW	Industrial	100%		4,383sqm
8 Hartleydrive,Thornton	NSW	Industrial	100%		2,422sqm
326 Hillsborough road,Warners Bay	NSW	Leisure	100%		2,212sqm
309 charlestown road,charlestown	NSW	commercial	100%		2,900sqm

1 SUBJEcT TO FINAL AUdIT ANd BOArd APPrOVAL.

2 ASSETS HELd FOr SALE AT 31 dEcEMBEr 2008.

					57 i
			aSSET
FuND	STaTE	SEcTor	oWNErSHip	FuND SiZE 1	DEvELopED arEa
mirvac DomaiNE DivErSiFiED propErTy FuND				$83.8m	36,269sqm
518 Brunswick Street,Brisbane	QLd	commercial	100%		3,037sqm
Lot 31,Murraydwyer circuit,West Mayfeld	NSW	commercial	100%		2,036sqm
Lots 3,4,5 and 8,263 clarence Street,Sydney2	NSW	commercial	100%		1,669sqm
19-27 devlin Street,ryde	NSW	commercial	100%		1,214sqm
Belmont Plaza Shoppingcentre,Belmont	NSW	retail	50%		6,642sqm
BigW centre,Parkes2	NSW	retail	100%		5,025sqm
Mountain creek Shoppingcentre,Mountain creek	QLd	retail	100%		5,011sqm
Leeton Market Plaza,Leeton	NSW	retail	100%		4,820sqm
Lot 2,William Angliss drive,Laverton North	VIc	Industrial	100%		6,815sqm
mirvac DomaiNE LaND FuND				$42.5m	107.8ha
Steel river,Newcastle	NSW	Industrial	100%		47.0 ha
Old Punt road,Tomago	NSW	Industrial	100%		90.0 ha
Muswellbrook,Muswellbrook	NSW	Industrial	100%		17.4 ha
Bulwer road,Moss Vale	NSW	residential	100%		4.0 ha
Ash road,Prestons	NSW	residential	100%		4.5 ha

58 mirvac group PROPERTY COMPENDIUM

investment management / Wholesale

mirvac WHoLeSaLe HoTeL FuNd

FocuS	Fum ($m) 1	No oF iNvESTorS
Wholesale	502.9	6

Mirvac Wholesale Hotel Fund is an open-ended, sector specific fund with initial equity of $320 million and a portfolio of six Australian hotels located in Sydney, Melbourne, Brisbane and cairns. Total value of the portfolio is $506.0 million.

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

Mirvac’s Hotels and resorts division, who currently manage over 42 hotels and resorts throughout Australia, New zealand and the Pacific, are responsible for the hotel management of the portfolio.

				iNDEpENDENT
		aSSET	acquiSiTioN	vaLuaTioN	iNDEpENDENT	BooK	No oF
HoTEL	STaTE	oWNErSHip	DaTE	DaTE	vaLuaTioN	vaLuE 1	roomS
The Sebel & citigate KingGeorge Square,Brisbane	QLd	100%	Feb 07	dec 08	$152.2m	$152.2m	438
The Sebel & citigate Albert Park,Melbourne	VIc	100%	Feb 07	Jun 08	$92.0m	$93.3m	379
SydneyMarriott Hotel,Sydney	NSW	100%	Jun 07	Mar 08	$88.6m	$87.7m	241
citigate central,Sydney	NSW	100%	Feb 07	Mar 08	$88.0m	$87.3m	255
The Sebel,cairns	QLd	50%	Jun 07	Jun 08	$45.0m	$44.0m	321
The Sebel,Parramatta	NSW	100%	Feb 07	Mar 08	$42.2m	$41.5m	194
ToTaL					$508.0m	$506.0m	1,828

TraveLodge group

FocuS	Fum ($m) 1	No oF iNvESTorS
Wholesale	374.8	3

The Travelodge Group is an open-ended sector specific wholesale fund that focuses on the 3-3½ 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.

				iNDEpENDENT
		aSSET	acquiSiTioN	vaLuaTioN	iNDEpENDENT	BooK	No oF
aSSET	LocaTioN	oWNErSHip	DaTE	DaTE	vaLuaTioN	vaLuE 1	roomS
Travelodge Sydney	NSW	100%	Mar 05	Jun 08	$75.5m	$77.0m	406
Travelodge Wynyard	NSW	100%	Jun 05	dec 07	$61.0m	$64.5m	277
Travelodge Southbank	VIc	100%	Mar 05	dec 07	$55.0m	$56.0m	275
Travelodge Perth	WA	100%	Apr 06	Sep08	$24.0m	$25.3m	122
Travelodge Newcastle city	NSW	100%	Feb 06	Jun 07	$20.0m	$21.0m	130
Travelodge PhillipStreet	NSW	100%	Mar 05	Mar 08	$18.0m	$16.4m	86
Travelodge Macquarie	NSW	100%	Mar 05	dec 08	$17.5m	$17.5m	120
Travelodge Manly-Warringah	NSW	100%	Mar 05	dec 08	$14.2m	$14.2m	120
Travelodge Blacktown	NSW	100%	Mar 05	Jun 07	$13.5m	$13.5m	120
Travelodge Bankstown	NSW	100%	Mar 05	Jun 07	$13.0m	$13.8m	108
Travelodge Palmerston North	Nz	100%	Mar 08	dec 07	$12.4m	$12.3m	85
Travelodge Garden city	QLd	100%	Mar 05	Mar 08	$11.0m	$11.6m	120
Travelodge rockhampton	QLd	100%	Jun 06	Sep08	$10.3m	$10.4m	74
ToTaL					$345.4m	$353.5m	2,043

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	2,132	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 2,299 lots and 1,183 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 leaving $12.5 million to establish further residential projects that satisfy the Partnership’s development strategy.

STaTE	LocaTioN LoTS/aparTmENTS
New South Wales	Sydney 836 apartments(including2 retail lots)
Queensland	Brisbane 181 housinglots/99 apartments
	Townsville 101 apartments
	Hope Island 59 lots
Victoria	Melbourne 1,114 housinglots
Western Australia	Mandurah 805 housinglots/131 apartments/156 houses
ToTaL	3,482

ciTY regeNeraTioN FuNd

FocuS	Fum ($m)	3,	4,	5	No oF iNvESTorS
Partnership	83.4				3

The GBP £165 million city regeneration Fund 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 Fund'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	$26.4m	residential – mixed use development
Brandon House	Borough,London Borough of Southwark	Feb 08	$40.2m	residential – mixed use development
ToTaL			$66.6m

1 THE FUM NUMBEr OF $287.5 MILLION rEPrESENTS cONTrIBUTEd EQUITY.

2 FUM ANd ENd VALUE ArE FOrEcAST TO 31 dEcEMBEr 2008.

3 AUd/GBP EXcHANGE rATE OF 0.4829.

4 BEFOrE AdJUSTING FOr JOINT VENTUrE INTErESTS.

5 FUM IS BASEd ON INVENTOrY VALUE NOT NAV.

60 mirvac group PROPERTY COMPENDIUM

investment management / Wholesale – mandates

auSTraLiaNSuper

FocuS	Fum ($m) 1	END vaLuE ($m)	No oF iNvESTorS
Wholesale	127.2	1,668.6	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 reletting of existing buildings across the commercial, retail, industrial and residential property sectors, property development and Mirvac co-invests with AustralianSuper in each project.

At 31 december 2008, AustralianSuper had $127.2 million in equity invested in a total of four 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%
Magenta Shores,North Entrance NSW residential development	50% 50%
664 collins Street,Melbourne VIc commercial development	50% 50%

mirvac meZZaNiNe capiTaL FuNd

FocuS	Fum ($m) 2	No oF iNvESTorS
Wholesale	116.8m	2

The Mirvac 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

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

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

the peninsula, BursWood, Wa
----- End of picture text -----

62 mirvac group PROPERTY COMPENDIUM

investment management / Jv australia

mirvac aQua

FocuS	Fum ($m) 1	No oF iNvESTorS
retail/Wholesale	237.6m	1,626

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	$171.0m
	Invests in:
	Mirvac AQUA Senior debt Pool
	Mirvac AQUA construction debt Pool
Mirvac AQUA Enhanced Income Fund	Mirvac AQUA Mezzanine debt Pool	$6.1m
Mirvac AQUA Income Fund	Invests in Mirvac AQUA Senior debt Pool	$53.8m
	Includes investments by Mirvac AQUA Income Fund,
Mirvac AQUA Senior debt Pool	High Income Fund and Enhanced Income Fund	$53.1m
	Includes investments by Mirvac AQUA High Income Fund
Mirvac AQUA construction debt Pool	and Enhanced Income Fund	$21.6m
	Includes investments by Mirvac AQUA High Income Fund
Mirvac AQUA Mezzanine debt Pool	and Enhanced Income Fund	$147.2m

1 AFTEr PrOVISION FOr IMPAIrMENT IN ASSETS.

JF iNFraSTrucTure

FocuS	Fum ($m) 1	No oF iNvESTorS
Wholesale	231.9	67
Mandates	607.9	5

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 1
	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 Telstra dome,Melbourne.	$83.8m 2
	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 8,957 hectares of standingradiatapine.	$140.7m 3
	Holds an equity investment in Australian Sustainable Forestry
JF Infrastructure Sustainable EquityFund	Investors(assets as above).	$7.4m
ToTaL WHoLESaLE FuNDS		$231.9m

maNdaTeS

maNDaTE	aSSETS	groSS aSSETS 1
Telstra dome	Telstra dome,Melbourne	$381.3m 4
International ParkingGroup	Leases/Licenses held over nine major hospital carparks	$195.4m 4
Private clients	Mandates managed on behalf ofprivate clients	$31.2m
ToTaL maNDaTES		$607.9m

1 SUBJEcT TO FINAL BOArd APPrOVAL.

2 LATEST INdEPENdENT VALUATION 31 dEcEMBEr 2008.

3 LAST INdEPENdENT LANd VALUATION 30 JUNE 2008. LAST INdEPENdENT TIMBEr VALUATION 31 dEcEMBEr 2008.

4 LAST INdEPENdENT VALUATION 30 JUNE 2008.

64 mirvac group PROPERTY COMPENDIUM

investment management / Jv international

QuadraNT reaL eSTaTe adviSorS

FocuS	Fum ($m) 1,2
Wholesale Funds	342.8
Mandates	3,780.0

Quadrant real Estate Advisors, LLc is located in Atlanta, Georgia, United States and provides real estate investment advisory services to institutional investors with current assets under management of approximately A$4.1 billion[1] . 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 offers single client accounts and commingled (wholesale) funds across the public and private debt and equity real estate markets.

clients include:

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 income producing real estate market. In addition, Quadrant offers its expertise to Australian wholesale investors can expect to be offered access to commingled funds which seek relative value across the four quadrants (public and private, debt and equity) of the US real estate investment universe.

ASSET UNDER MANAGEMENT

==> picture [110 x 32] intentionally omitted <==

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

(by Fund Type) [1]
■ WHOLESALE FUNDS 7%
■ SEPARATE MANDATES 93%
----- End of picture text -----

==> picture [106 x 100] intentionally omitted <==

==> picture [149 x 21] intentionally omitted <==

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

ASSET UNDER MANAGEMENT
(by PropertyType)
----- End of picture text -----

==> picture [106 x 55] intentionally omitted <==

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

■ COMMERCIAL 30%
■ RETAIL 17%
■ MULTI-FAMILY 19%
■ OTHER 9%
■ INDUSTRIAL 17%
■ HOTELS 8%
----- End of picture text -----

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

1 AUd/USd EXcHANGE rATE OF 0.6928. 2 BEFOrE AdJUSTING FOr JOINT VENTUrE INTErESTS.

magenta shores, north entrance, nsW

66 mirvac group PROPERTY COMPENDIUM

investment management / hotels

HoTeL maNagemeNT porTFoLio

	STaTE	No oF
propErTy	LocaTioN	roomS	oWNErSHip
NSW
QuayGrand Suites Sydney	NSW	67	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	53	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	105	Managed
The Sebel Harbourside,Kiama	NSW	88	Managed/Strata
The Sebel ManlyBeach	NSW	83	Strata/Management Lot
QuayWest resort Magenta Shores	NSW	82	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	96	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
The Lindrum Hotel	VIc	55	Managed
qLD
QuayWest Suites Brisbane	QLd	63	Strata/Management Lot
The Sebel Suites Brisbane	QLd	171	Strata/Management Lot
The Sebel cairns	QLd	321	Managed
The Sebel Maroochydore	QLd	65	Strata/Management Lot
Sea Temple resort & Spa Palm cove	QLd	95	Strata/Management Lot
The Sebel reef House Palm cove	QLd	69	Managed
The Sebel resort Noosa	QLd	75	Strata/Management Lot
Sea Temple resort & Spa Port douglas	QLd	152	Strata/Management Lot
citigate KingGeorge Square Brisbane	QLd	228	Managed
The Sebel KingGeorge Square Brisbane	QLd	210	Managed
The Sebel cairns Harbour Lights	QLd	91	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
Sa
The Sebel Playford Adelaide	SA	182	Franchise

			67 i
	STaTE	No oF
propErTy	LocaTioN	roomS	oWNErSHip
TaS
The Sebel Launceston	TAS	50	Managed
NZ
QuayWest Suites Auckland	Nz	55	Strata/Management Lot
The Sebel Suites Auckland	Nz	125	Strata/Management Lot
The Sebel TrinityWharf Tauranga	Nz	122	Managed
vaNuaTu
The Sebel Vanuatu	VAN	74	Managed
ToTaL NumBEr oF roomS aT DEcEmBEr 2008		5,498

FuTure HoTeLS

	STaTE	No oF
propErTy NamE	LocaTioN	roomS	opENiNg
QuayWest resort Magenta Shores(Stage 2)	NSW	38	FY09
The Sebel Mandurah	WA	84	FY09
The Sebel Newcastle Beach	NSW	89	FY10
QuayWest resort Noosa	QLd	120	FY11
The Sebel Leighton Beach Perth	WA	100	FY11
QuayWest resort Queenstown	Nz	195	FY12
TrilogyHotel Brisbane	QLd	192	FY12
ToTaL HoTEL opENiNgS		818

GEOGRAPHIC DIVERSIFICATION

==> picture [171 x 82] intentionally omitted <==

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

■ NSW 33.3%
■ VIC 18.8%
■ QLD 28.0%
■ WA 8.8%
■ SA 3.3%
■ TAS 1.0%
■ NZ 5.5%
■ VAN 1.3%
----- End of picture text -----

==> picture [52 x 98] intentionally omitted <==

==> picture [105 x 101] intentionally omitted <==

OWNERSHIP

DIVERSIFICATION

	■STRATA 30.0%
	■MANAGED 64.8%
	■OWNED 1.9%
	■FRANCHISE 3.3%

68 mirvac group PROPERTY COMPENDIUM

development $12.6 Billion

==> picture [281 x 701] intentionally omitted <==

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

Waterfront, neWstead, Qld
----- End of picture text -----

==> picture [182 x 239] intentionally omitted <==

residential development 29,662 lots

70 mirvac group PROPERTY COMPENDIUM

residential development

reSideNTiaL pipeLiNe

==> picture [132 x 136] intentionally omitted <==

==> picture [132 x 129] intentionally omitted <==

FORECAST REVENUE

==> picture [43 x 37] intentionally omitted <==

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

■ NSW 20.5%
■ VIC 19.8%
■ QLD 26.9%
■ WA 32.8%
■ SA 0.1%
----- End of picture text -----

LOTS UNDER CONTROL

■ NSW 22.0% ■ VIC 35.3% ■ QLD 25.6% ■ WA 15.0% ■ SA 2.0%

$12.4 BILLION

29,662 LOTS

reSideNTiaL ForecaST reveNue

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

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

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

==> picture [140 x 136] intentionally omitted <==

MIRVAC SHARE FORECAST REVENUE

■ NSW 19.2% ■ VIC 22.0% ■ QLD 25.0% ■ WA 33.6% ■ SA 0.2%

$9.3 BILLION

==> picture [136 x 129] intentionally omitted <==

HOUSE AND LAND $5.4 BILLION

APARTMENTS $4.0 BILLION

■ NSW 23.1% ■ NSW 14.0% ■ VIC 22.8% ■ VIC 20.8% ■ QLD 15.2% ■ QLD 38.2% ■ WA 38.6% ■ WA 26.9% ■ SA 0.3%

==> picture [130 x 105] intentionally omitted <==

72 mirvac group PROPERTY COMPENDIUM

residential development

NeW SouTH WaLeS

==> picture [161 x 203] intentionally omitted <==

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

1
2
3
4
5
----- End of picture text -----

==> picture [56 x 42] intentionally omitted <==

==> picture [211 x 391] intentionally omitted <==

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

8 7 6
11 9 10
13 12
16 15 14
SYDNEY CBD
18 17
20
19 21
22
23 25
24
28 27
----- End of picture text -----

==> picture [93 x 332] intentionally omitted <==

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

19
23 25
26
24
28 27
----- End of picture text -----

NELSON BAY 2. GILLIESTON
FLETCHER
THE ROYAL, NEWCASTLE
MAGENTA SHORES, NTH ENTRANCE 6. WARRIEWOOD 7. BURNS ROAD, WAHROONGA 8. RIVERSTONE 9. ARNOLD AVENUE, KELLYVILLE 10. AVENIR, WARRAWEE
NEWBURY, STANHOPE
CHELSEA GARDENS, CASTLE HILL 13. SOMERSBY, ACACIA GARDENS
THE SELDON, LINDFIELD
SPRINGDALE KILLARA
EDGEWOOD, WOODCROFT
RHODES WATERSIDE, RHODES 18. ASHGROVE, AUBURN
MIDDLETON GRANGE
NEWINGTON
ESPERENCE, RANDWICK
ENDEAVOUR HOUSE, COOGEE
PANORAMA, GLENFIELD
GARDEN GATES, MOUNT ANNAN
MORNINGTON, HOLSWORTHY
DENBIGH, COBBITY
LEUMEAH
SPRING FARM

==> 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 -----

neWington, neWington, nsW
----- End of picture text -----

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

MIRVAC SHARE
FORECAST REVENUE
$1.8 BILLION
■HOUSES / LAND	69.1%
■APARTMENTS	30.9%

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

==> picture [116 x 43] intentionally omitted <==

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

LOTS UNDER CONTROL
6,536
■ HOUSES / LAND 83.0%
■ APARTMENTS 17.0%
----- End of picture text -----

74 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	580
completed Stages			$264m	415	415	415	415	Feb 03	Sep08
P1S zone c – Houses			$140m	183	183	183	165	Jul 05	Jun 09
ESpErENcE	May03	randwick	$105m	58	58	58	58
completed Stages			$72m	45	45	45	45	Nov 05	Jul 08
Stage 2B			$19m	12	12	12	12	Mar 08	Jul 08
Stage 3			$14m	1	1	1	1	dec 08	dec 08
THE SELDoN	Mar 04	Lindfeld	$102m	74	74	73	73	Jun 04	May09
avENir	Oct 01	Warrawee	$40m	50	50	50	50	Jan 06	Aug08
SpriNgDaLE	Jun 03	Killara	$86m	60	60	23	22	Nov 07	dec 10
magENTa SHorES
auSTraLiaNSupEr
maNDaTE	Oct 01	North Entrance	$146m	130	121	21	18
Villas Stage 2			$52m	58	58	2	0	Mar 09	Aug11
Houses Stage 2			$53m	44	44	9	8	Nov 07	dec 10
Houses Stage 8			$20m	9	0	0	0	Mar 09	Mar 11
Villas Stage 1			$3m	4	4	3	3	dec 06	May09
Houses Stage 1 + 1A			$6m	10	10	5	5	Nov 06	Jan 10
Beach Houses(stage 9)			$12m	5	5	2	2	Mar 07	Feb 10
THE royaL	Jun 07	Newcastle	$203m	149	146	58	0	Apr 10	Mar 11
Stage 1A			$100m	74	73	24	0
Stage 1B			$103m	75	73	34	0
rHoDES WaTErSiDE
mWrDp	Jan 073	rhodes	$318m	481	481	234	95
Stage 4 Amarco			$149m	222	222	15	0	dec 09	Oct 11
Stage 6 Tandara			$112m	164	164	124	0	Feb 09	Feb 10
Stage 7 Adina			$57m	95	95	95	95	May08	Aug08

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.

				75 d
currENT pricE raNgE	proJEcT pErioD coNSTrucTioN
From/To	(caLENDEr yEar)	progrESS 2	DEScripTioN	oWNErSHip STrucTurE
				50% Mirvac Limited
$430,000 – $750,000			Houses and apartments	50% Lend Lease
	mid 2003 – end 2008	100%
	mid 2005 – mid 2009	100%
$1.1m – $1.9m				100% Mirvac Limited
	end 2003 – mid 2008	100%	Luxuryhouses and terraces
	end 2006 – mid 2008	100%	Luxuryhouses and terraces
	end 2007 – end 2008	100%	Land sale
$775,000 – $2.2m	mid 2004 – mid 2009	100%	Apartments	100% Mirvac Limited
$535,000 – $1.3m	early2004 – mid 2008	100%	Apartments	100% Mirvac Limited
$1.0m – $2.5m	early2006 – end 2010	100%	Apartments	100% Mirvac Limited
				50% Mirvac Limited
				50% AustralianSuper
$595,000 – $1.3m	end 2006 – mid 2011	85%	Villas andgolf front houses
$935,000 – $1.7m	end 2006 – end 2010	100%	Golf front houses
$2.1m – $2.6m	mid 2007 – mid 2011	90%	Golf front houses
$590,000 – $895,000	early2005 – mid 2009	100%	Villas
$1.2m – $1.6m	mid 2005 – early2010	100%	Villas andgolf front houses
$2.5m – $2.7m	mid 2005 – early2010	100%	Beach front houses
			Apartments	100% Mirvac Limited
$500,000 – $1.7m	early2007 – early11	15%
$330,000 – $1.6m	mid 2007 – early11	15%
				100% MWrdP
				(Mirvac Limited 20%
			Apartments	equityinterest)
$453,000 – $995,000	early2008 – end 2011	35%
$460,000 – $1.4m	mid 2007 – early2010	99%
$380,000 – $920,000	end 2006 – mid 2008	100%

76 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
auSTraLiaNSupEr							50% Mirvac Limited
maNDaTE	Oct 01	North Entrance	$272m	249	early2008 – mid 2014	Golf front houses	50% AustralianSuper
Houses Stage 3			$31m	26
Houses Stage 4			$64m	55
Houses Stage 5			$54m	45
Houses Stage 6			$50m	44
Houses Stage 7			$73m	79
ENDEavour HouSE	Apr 03	coogee	$206m	127	early2008 – mid 2012	Houses	100% Mirvac Limited
THE royaL	Jun 07	Newcastle	$228m	181	early2012 – early2014	Apartments	100% Mirvac Limited
Stage 1c			$164m	127
Stage 2			$64m	54
							100% MWrdP
rHoDES WaTErSiDE							(Mirvac Limited 20%
mWrDp	Jan 07	rhodes	$261m	353	mid 2010 – mid 2014	Apartments	equityinterest)
Stage 5 Alkira			$94m	145
Stage 8 Elinya			$73m	97
Stage 9 Kiewa			$94m	111

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

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

the royal, neWcastle, nsW
----- End of picture text -----

78 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	$129m	347	180	153	138
Stage 1A			$39m	98	98	93	92	dec 05	Mar 09
Stage 1B			$46m	124	82	60	46	dec 05	Apr 11
Stage 2A			$44m	125	0	0	0	Jan 10	Oct 12
NEWBury ESTaTE	dec 99	Stanhope	$207m	1,708	1,549	1,508	1,497
Stage 1			$22m	240	234	234	234	Jun 02	Mar 09
Stage 2			$36m	380	380	379	378	Sep02	Mar 08
Stage 3			$23m	196	195	193	192	Jun 04	Mar 09
Stage 4			$25m	242	232	231	230	Feb 04	Apr 09
Stage 5			$37m	237	232	214	211	Jun 04	Sep09
Stage 6			$23m	169	165	154	150	Jan 06	Oct 09
Stage 7			$31m	242	109	101	100	Sep06	Oct 09
School Sites(3 and 5)			$10m	2	2	2	2	Jun 06	Feb 10
SomErSBy	dec 03	Acacia Gardens	$47m	117	117	117	117
completed Stages			$24m	58	58	58	58	Oct 06	Jun 08
Stage 1			$10m	26	26	26	26	Jun 06	Jun 08
Stage 4			$7m	17	17	17	17	Jan 08	Jun 08
Stage 5			$6m	16	16	16	16	Mar 08	dec 08
EDgEWooD	Apr 03	Woodcroft	$121m	388	385	273	250
Stage 1			$26m	79	79	75	71	Feb 06	Jun 09
Stage 2			$5m	16	16	9	9	Sep06	Jun 09
Stage 3			$21m	74	71	53	52	Nov 06	Jun 09
Stage 4			$20m	73	73	15	5	Jul 07	Jun 09
Stage 5			$49m	146	146	121	113	Jan 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.

					79 d
currENT pricE raNgE	proJEcT pErioD	coNSTrucTioN
From/To	(caLENDEr yEar)		progrESS2	DEScripTioN	oWNErSHip STrucTurE

$250,000 – $435,000	mid 2001 to mid	2009	95%	Mix of residential and retail lots	100% Mirvac Limited
$250,000 – $435,000	end 2005 to end	2011	65%	Mix of residential and retail lots	100% Mirvac Limited
$190,000 – $240,000	mid 2001 to end	2012	15%	residential lots and spec houses	100% Mirvac Limited
				Mix of residential and retail lots	PdA with Landcom
$250,000 – $325,000	mid 2000 – late 2009		100%
$290,000 – $310,000	mid 2000 – early	2009	100%
$250,000 – $410,000	mid 2000 – early	2009	100%
$250,000 – $410,000	mid 2000 – mid 2009		99%
$250,000 – $475,000	mid 2000 – end 2009		95%
$265,000 – $530,000	mid 2000 – end 2009		95%
$250,000 – $530,000	mid 2000 – early	2010	50%
$9.0m – $18.0m	mid 2000 – early	2010	100%
				residential estate	100% Mirvac Limited
$395,000 – $460,000	early2004 – mid	2008	100%
$379,000 – $460,000	early2004 – mid	2008	100%
$359,000 – $405,000	early2004 – mid	2008	100%
$359,000 – $430,000	early2004 – end	2008	100%
				Mix of residential and retail lots	PdA with cSr Limited
$250,000 – $545,000	early2005 – mid	2009	100%
$245,000 – $420,000	early2005 – mid	2009	100%
$250,000 – $400,000	early2005 – mid	2009	100%
$250,000 – $260,000	early2005 – mid	2009	100%
$330,000 – $340,000	early2005 – mid	2009	100%

80 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
aSHgrovE	Jun 02	Auburn	$77m	166	148	104	92	Feb 07	Jun 11
Stage 1A			$25m	56	56	55	54
Stage 2			$11m	18	18	13	6
Stage 3			$16m	39	39	34	32
Stage 4			$11m	18	0	0	0
Stage 5			$14m	35	35	2	0
arNoLD avE	Jun 02	Kellyville	$6m	1	1	1	1	July08	July08
morNiNgToN	Feb 03	Holsworthy	$99m	255	255	255	254
Stage 1			$24m	61	61	61	61	Feb 06	Jun 07
Stage 2			$29m	75	75	75	75	Feb 06	Jun 07
Stage 3			$22m	58	58	58	58	Aug07	Jun 08
Stage 4			$24m	61	61	61	60	Jan 08	Mar 09
cHELSEa garDENS	Jun 02	castle Hill	$50m	63	23	23	23	Aug07	Mar 11
WarriEWooD
SEcTor 8	Apr 03	Warriewood	$4m	1	1	1	1	May09	May09
WarriEWooD
SEcTorS 101 + 102	Jul 03	Warriewood	$4m	1	1	1	1	Nov 08	Nov 08
LEumEaH	Jul 05	Leumeah	$33m	92	0	0	0
Stage 1			$10m	27	0	0	0	July09	May10
Stage 2			$23m	65	0	0	0	May09	Oct 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.

					81 d
currENT pricE raNgE	proJEcT pErioD	coNSTrucTioN
From/To	(caLENDEr yEar)		progrESS 2	DEScripTioN	oWNErSHip STrucTurE
$280,000 – $600,000	end 2003 – mid 2011			residential estate	100% Mirvac Limited
			100%
			100%
			100%
			45%
			95%
$6m	mid 2002 – mid 2008		100%	Vacant land	100% Mirvac Limited
				residential estate	100% Mirvac Limited
$365,000 – $390,000	mid 2003 – early	2007	100%
$365,000 – $390,000	mid 2003 – early	2007	100%
$380,000 – $405,000	mid 2003 – mid 2008		100%
$390,000 – $415,000	mid 2003 – early	2009	100%
$685,000 – $865,000	mid 2002 – mid 2011		37%	residential estate	100% Mirvac Limited
$4m	mid 2003 – mid 2009		100%	Land Sale
$4m	mid 2003 – end 2008		100%	Land Sale
				Houses
$325,000 – $390,000	mid 2005 – mid 2010		35%		100% Mirvac Limited
$325,000 – $390,000	early2006 – mid	2010	35%		PdA with Lombardo

82 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
giLLiESToN	Jul 06	Gillieston	$72m	393	57	14	9	Jan 08	Aug14
garDEN gaTES	Apr 07	Mount Annan	$4m	17	9	2	0	Jan 09	Apr 09
SpriNg Farm – STagE 1	Jun 08	SpringFarm	$37m	123	87	30	25	May07	Apr 10
NELSoN Bay	Jun 07	Nelson Bay	$8m	18	18	10	10	Nov 08	Apr 09
miDDLEToN graNgE	Sep07	Middleton	$50m	282	0	0	0
Stage 1A			$17m	92	0	0	0	Nov 08	Sep09
Stage 1B			$10m	59	0	0	0	Sep09	Nov 09
Stage 2			$23m	131	0	0	0	Nov 09	Apr 10
FLETcHEr	dec 07	Fletcher	$33m	257	8	7	0	Nov 08	Aug12

1 SETTLEMENT dATES MAY VArY AS cIrcUMSTANcES cHANGE.

2 cONSTrUcTION PrOGrESS AS A PErcENTAGE OF cOST, WHIcH INcLUdES LANd SUBdIVISION BUT NOT LANd AcQUISITION.

				83 d
currENT pricE raNgE	proJEcT pErioD coNSTrucTioN
From/To	(caLENDEr yEar)	progrESS 2	DEScripTioN	oWNErSHip STrucTurE
$149,000 – $350,000	early2008 – mid 2014	25%	Mix of residential and retail lots	100% Mirvac Limited
$220,000 – $240,000	mid 2007 – mid 2009	100%	Houses	PdA with Landcom
$185,000 – $382,000	mid 2006 – end 2010	0%	residential estate	100% Mirvac Limited
$395,000 – $469,000	mid 2007 – early2009	100%	Houses	100% Mirvac Limited
			Mix of residential and retail lots	PdA with Landcom
$176,000 – $290,000	mid 2007 – end 2009	75%
$170,000 – $310,000	mid 2007 – end 2009	50%
$130,000 – $320,000	mid 2007 – mid 2010	0%
$180,000 – $220,000	end 2007 – end 2012	15%	Mix of residential and retail lots	PdA with Kingston Fletcher

84 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
paNorama	Jun 01	Glenfeld	$114m	338
						Mix of residential
Stage 1c			$15m	39	end 2005 to end 2012	and retail lots	100% Mirvac Limited
						Mix of residential
Stage 1d			$7m	21	mid 2001 to early2012	and retail lots	100% Mirvac Limited
						Mix of residential
Stage 3A			$66m	184	mid 2001 to end 2014	and retail lots	100% Mirvac Limited
Stage 4 JV			$3m	11	mid 2007 to end 2013	residential lots	PdA with Tomarchio
						Mix of residential
Stage 2B			$14m	53	mid 2001 – mid 2014	and retail lots
						Mix of residential
Stage 2c			$9m	30	mid 2001 – mid 2014	and retail lots
						Houses and
aSHgrovE	Jun 02	Auburn	$49m	97	end 2003 – mid 2011	apartments	100% Mirvac Limited
Stage 6			$19m	33
Stage 7			$15m	28
Stage 8			$15m	36
						Mix of residential
rivErSToNE	Sep03	riverstone	$58m	202	mid 2003 – mid 2014	and retail lots	100% Mirvac Limited
riverstone – 7500			$7m	24
riverstone – 7502			$7m	24
riverstone – 7504			$17m	57
riverstone – 7501			$17m	61
riverstone – 7503			$10m	36

							85 d
			proJEcT
	acquiSiTioN		vaLuE	ToTaL	proJEcT pErioD
propErTy	DaTE	LocaTioN	(iNcL. gST)	LoTS	(caLENDEr yEar)	DEScripTioN	oWNErSHip STrucTurE
WarriEWooD	Jul 03	Warriewood	$40m	57	mid 2003 – mid 2012	Houses	100% Mirvac Limited
						Mix of residential
DENBigH	dec 06	cobbitty	$164m	815	end 2006 – end 2017	and retail lots	PdA with McIntosh Bros
Stage 1			$59m	289
Stage 2			$55m	258
Stage 3			$50m	268
SpriNg Farm	Jun 08	SpringFarm	$91m	331	mid 2006 – mid 2015	Houses	100% Mirvac Limited
Stage 2A			$13m	52
Stage 2B			$11m	45
Stage 2c			$7m	29
Stage 3			$16m	54
Stage 4			$26m	84
Stage 5			$6m	28
Stage 6			$12m	39
						Mix of residential
miDDLEToN graNgE	Sep07	Middleton	$246m	999	mid 2007 – end 2012	and retail lots	PdA with Landcom
Stage 3			$14m	83
Stage 4			$22m	127
Stage 5			$15m	82
Stage 6			$21m	107
South cecil Hills			$174m	600
BurNS roaD	Nov 02	Wahroonga	$25m	17	end 2002 – end 2009	Houses	100% Mirvac Limited

86 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 -----

ephraim island, paradise point, nsW

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

MIRVAC SHARE
FORECAST REVENUE
$2.3 BILLION
■HOUSES / LAND	35.1%
■APARTMENTS	64.9%

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

LOTS UNDER	CONTROL
4,464
■HOUSES / LAND	69.6%
■APARTMENTS	30.4%

88 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	141	137
completed Stages			$76m	85	85	86	85	Jun 04	Mar 09
Stage 2			$56m	56	56	55	52	Jun 04	Mar 09
moSSvaLE oN maNLy	Mar 01	Wakerley	$182m	326	326	325	325	Jun 01	Jun 09
moSSvaLE oN maNLy
mWrDp	Jun 073	Wakerley	$118m	181	39	25	16
Stage 9			$92m	142	0	0	0	Sep09	Jul 12
Stage 10			$26m	39	39	25	16	Oct 08	May09
EpHraim iSLaND	Nov 01	Paradise Point	$523m	383	382	295	291
Stage 1			$140m	136	135	135	135	Jun 05	Jan 14
Stage 2			$149m	94	94	84	84	Apr 06	Sep14
Stage 3			$134m	85	85	59	58	dec 06	Mar 14
Stage 4A			$12m	7	7	0	0	Feb 09	Jul 11
Stage 4B			$88m	61	61	17	14	Apr 08	Jan 15
THE SaNcTuary
oN moggiLL	Sep04	Moggill	$55m	178	174	119	112
Stage 1A			$28m	64	60	59	59	Mar 07	Jan 10
Stage 1B			$13m	56	56	53	53	Nov 07	May09
Stage 4			$14m	58	58	7	0	Jan 09	Jun 10
WaTErFroNT mWrDp	Jun 083	Newstead	$350m	99	98	50	0	Mar 11	Feb 12
TENNySoN rivErSiDE	Aug05	Tennyson	$309m	207	207	137	0
Softstone & Lushington			$191m	115	115	115	0	May09	Sep09
Farringford			$118m	92	92	22	0	Feb 10	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.

currENT pricE raNgE proJEcT pErioD coNSTrucTioN From/To (caLENDEr yEar) progrESS[2] DEScripTioN

oWNErSHip STrucTurE PdA with roche Group


	mid 2002 – mid 2009		Houses and riverfront houses	PdA with roche Group
$500,000 – $3.0m		100%
$500,000 – $3.0m		100%
$200,000 – $4.5m	mid 2002 – mid 2009	100%	Spec housingand vacant land	100% Mirvac Limited
				100% MWrdP (Mirvac
			Houses	Limited 20% EquityInterest)
$620,000 – $725,000	mid 2008 – mid 2012	0%
$620,000 – $725,000	mid 2007 – mid 2009	75%
				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 2014	100%	Apartments,villas and marina berths
$720,000 – $4.6m	mid 2005 – mid 2014	100%	Apartments,houses and marina berths
$1.4m – $1.7m	mid 2008 – end 2011	100%	Land
$710,000 – $4.3m	early2005 – early2015	100%	Apartments and marina berths
				100% Mirvac Limited
$190,000 – $540,000	end 2006 – early2010	100%	Houses and spec homes
$220,000 – $260,000	end 2006 – mid 2009	100%	Land
$195,000 – $275,000	end 2007 – mid 2010	98%	Land
				100% MWrdP (Mirvac
$2.0m – $14.5m	mid 2008 – early2012	21%	Apartments	Limited 20% EquityInterest)
			Apartments	100% Mirvac Limited
$943,000 – $4.9m	mid 2007 – end 2009	76%
$698,000 – $5.2m	end 2007 – end 2011	35%

90 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
BrooKWaTEr	May06	Springfeld	$15m	23	0	0	0	Jun 09	dec 09
mariNEr’S pENiNSuLa	Jun 06	Townsville	$18m	5	5	3	1
completed Stages			$8m	1	1	1	1	Jun 07	Jun 07
Lot 106 Houses			$10m	4	4	2	0	Jun 09	Jul 09
mariNEr’S pENiNSuLa
mWrDp	Jun 073	Townsville	$90m	101	101	96	0	Jul 09	Oct 09
HopE iSLaND	Jan 07	Hope Island	$87m	127	67	65	22
completed Stages			$19m	4	4	4	4	Jan 07	dec 07
Harbour Village			$55m	60	0	0	0	Apr 09	Jul 10
Entitlements			$2m	43	43	43	0	dec 10	dec 10
remainingStock			$11m	20	20	18	18	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	Jun 09
7th Fairway			$15m	37	37	29	29	Jan 08	Jun 09
The Links			$14m	16	16	11	11	Jun 08	May09

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)	progrESS2	DEScripTioN	oWNErSHip STrucTurE
$495,000 – $790,00	end 2007 – end 2009	51%	Townhouses	100% Mirvac Limited
				100% Mirvac Limited
$8.4m – $8.4m	mid 2006 – mid 2007	100%	Sale into MWrdP – The Stanton
$2.6m – $2.7m	mid 2006 – mid 2009	53%	Houses
				100% MWrdP (Mirvac
$615,000 – $2.5m	mid 2007 – end 2009	70%	Apartments	Limited 20% EquityInterest)
			Houses,townhouses and vacant land	100% Mirvac Limited
$1.7m – $8.6m	early2007 – end 2007	100%
$340,000 – $1.6m	mid 2008 – mid 2010	5%
$50,000 – $60,000	early2007 – end 2010	100%
$680,000 – $1.7m	early2007 – mid 2009	100%
				100% MWrdP (Mirvac
			Townhouses and vacant land	Limited 20% EquityInterest)
$515,000 – $530,000	mid 2007 – mid 2009	100%
$315,000 – $590,000	mid 2007 – mid 2009	100%
$825,000 – $895,000	mid 2007 – mid 2009	100%

92 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	$47m	180	mid 2009 – mid 2012	Land	100% Mirvac Limited
Stage 2A			$13m	50
Stage 2B			$16m	62
Stage 3			$18m	68
WaTErFroNT	Apr 08	Newstead	$831m	609	early2010 – early2018	Apartments	100% Mirvac Limited
Lake Precinct			$176m	98
Park Precinct			$323m	231
Shore Precinct			$126m	98
Waterloo Precinct – Stage 1			$95m	80
Byers Street (formerly known
as Waterloo Precinct Stage 2)			$111m	102	end 2008 – end 2012
TENNySoN rivErSiDE
DEvELopmENT	Aug05	Tennyson	$291m	184		Apartments	100% Mirvac Limited
Aldworth			$135m	80	mid 2011 – end 2012
Parsons			$102m	67	mid 2011 – end 2013
Somersby			$54m	37	mid 2011 – end 2013
BrooKWaTEr	May06	Springfeld	$101m	167			100% Mirvac Limited
Stage 2			$20m	34	mid 2009 – mid 2010	Townhouses
Stage 3			$16m	24	mid 2009 – mid 2011	Townhouses
Stage 4			$14m	22	mid 2009 – mid 2011	Townhouses
Stage 5			$13m	24	mid 2010 – early2012	Townhouses
Stage 6			$38m	63	early2009 – end 2011	Houses and land
mariNEr’S pENiNSuLa	Jun 06	Townsville	$100m	85			100% Mirvac Limited
Lot 103			$83m	71	early2010 – end 2012	Apartments
Lot 104			$17m	14	early2010 – early2011	Land
gaiNSBorougH 1							50% Mirvac Limited
grEENS	Oct 06	Pimpama	$1.2m	2,347	early2009 – end 2021	Houses and land	50% cityPacifc
HopE iSLaND	Jan 07	Hope Island	$5m	6	early2009 – mid 2009	Land	100% Mirvac Limited

1 MGr rETAINS 100% OWNErSHIP AS AT 30 JANUArY 2009.

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

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

tennyson riverside, tennyson, Qld
----- End of picture text -----

94 mirvac group PROPERTY COMPENDIUM

residential development

vicToria + SouTH auSTraLia

==> picture [526 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
4. BRIDGE INN ROAD, DOREEN
6. PICKLES STREET, PORT MELBOURNE
WAVERLEY PARK, MULGRAVE
8. STUD ROAD, SCORESBY
WATERWAYS, BRAESIDE
----- End of picture text -----

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

==> 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 -----

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

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

MIRVAC SHARE
FORECAST REVENUE
$2.1 BILLION
■HOUSES / LAND	59.7%
■APARTMENTS	40.3%

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

LOTS UNDER CONTROL 10,474 ■ HOUSES / LAND 90.1% ■ APARTMENTS 9.9%

96 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 01	Mulgrave	$434m	869	699	679	607
completed Stages			$201m	468	468	468	468	Nov 03	Jul 08
Stage 5			$78m	118	28	15	0	Oct 09	Jan 11
Stage 7			$63m	128	54	54	49	Mar 08	Jun 12
Stage 11			$92m	155	149	142	90	Sep06	Jun 10
LorNE cHaLET	Mar 03	Lorne	$34m	42	42	36	36	Oct 06	Sep09
yarra’S EDgE	Nov 09	docklands	$224m	231	194	133	82
Marina			$21m	149	149	91	82	Jan 05	Mar 15
river Precinct Lowrise			$203m	82	45	42	0	Mar 10	Oct 12
THE coaST @ THE SaNDS	N/A	Torquay	$47m	126	126	107	107	Mar 05	Jun 10
BriDgE iNN roaD	Feb 07	doreen	$35m	3	3	3	1	Jul 08	dec 09
WaTErWayS BraESiDE
mWrDp	Apr 063	Braeside	$76m	145	51	35	21	Oct 08	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.

				97 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%
$515,000 – $875,000	mid 2008 – early2011	10%
$370,000 – $775,000	end 2007 – mid 2012	40%
$385,000 – $945,000	end 2005 – mid 2010	75%
$400,000 – $1.5m	end 2004 – end 2009	100%	Apartments	100% Mirvac Limited
				100% Mirvac Limited
$120,000 – $210,000	mid 2004 – end 2015	100%	Marina berths
$900,000 – $5.3m	early2007 – end 2012	25%	Luxuryhouses includingmarina berths
				PdA with Goldenwood
$399,000 – $599,000	early2004 – mid 2010	100%	Golf course estate	PtyLimited/Handbury
$35m – $35m	early2007 – end 2009	100%	Land subdivision – site sold	100% Mirvac Limited
				100% MWrdP (Mirvac
$440,000 – $685,000	mid 2007 – end 2011	25%	Houses	Limited 20% equityinterest)

98 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
						Houses and
WavErLEy parK	dec 01	Mulgrave	$249m	408	end 2009 – end 2017	apartments	100% Mirvac Limited
yarra’S EDgE		docklands	$902m	1,032	early2010 – mid 2020	Apartments	100% Mirvac Limited
Park Precinct	Mar 10		$574m	582
river Precinct Highrise	Aug141		$328m	450
							50% Mirvac Limited
rocKBaNK	Nov 06	rockbank	$1.1bn	7,500	early2012 – early2032	Land subdivision	50% Jayaland corporation
picKLES STrEET	Jul 07	Port Melb	$95m	43	mid 2009 – end 2010	Townhouses	100% Mirvac Limited
STuD roaD auSTraL							100% MWrdP (Mirvac
BricKS mWrDp	Feb 082	Scoresby	$764m	969	end 2007 – end 2017	Houses	Limited 20% equityinterest)
vicTor HarBour	Apr 05	Victor Harbour	$79m	599	end 2009 – mid 2014	Land subdivision	100% Mirvac Limited

1 OPTION TO PUrcHASE. 2 TrANSAcTION dATE.

the coast @ the sands, torQuay vic

100 mirvac group PROPERTY COMPENDIUM

residential development

WeSTerN auSTraLia

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

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

1. MINDARIE KEYS, MINDARIE
2. JANE BROOK 1
3. DIANELLA
4. HOLLYWOOD, NEDLANDS
5. SWANBOURNE
6. THE PENINSULA, BURSWOOD
7. BEACHSIDE LEIGHTON
8. LENNOX LAND, COOLBELLUP
9. KENNEDY BAY, PORT KENNEDY
10. MANDURAH
11. PRESTON BEACH 2
12. BINNINGUP 3
13. ALEXANDRA VILLAGE, KENSINGTON
14. KWINANA RESIDENTIAL
4
5 6 PERTH CBD
7 13
8
14
9
10
11
12
----- End of picture text -----

101

==> 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 -----

the peninsula, BursWood, Wa
----- End of picture text -----

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

MIRVAC SHARE
FORECAST REVENUE		LOTS UNDER	CONTROL
$3.1 BILLION		7,589
■HOUSES / LAND	66.0%	■HOUSES / LAND	87.2%
■APARTMENTS	34.0%	■APARTMENTS	12.8%

102 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	$302m	1,541	1,541	1,526	1,526
completed Stages			$257m	1,496	1,496	1,496	1,496	Jun 03	dec 08
Stage 5B(i)			$16m	23	23	19	19	Jun 07	Aug09
Stage 5B(ii)			$29m	22	22	11	11	Jun 08	Nov 09
THE pENiNSuLa
auSTraLiaNSupEr
maNDaTE	Feb 03	Burswood	$899m	665	348	326	179
completed Stages			$22m	10	10	10	10	May07	Aug08
Allegro – Tower 1			$1m	2	0	0	0	Apr 09	Jul 10
Axis – Tower 2			$27m	29	28	28	28	May07	Mar 11
Aqua – Tower 3			$83m	89	89	86	86	May08	Jun 09
Aurora – Tower 4			$163m	133	115	97	0	Feb 10	Jul 10
Aquarius – Tower 5			$85m	64	44	43	0	Jun 10	Oct 10
The FairwayStage 1(Lot 23)			$45m	26	26	26	26	May08	Aug08
The FairwayStage 2(Lot 24)			$49m	29	29	29	23	Oct 08	May09
Lot 8c			$6m	6	0	0	0	Apr 10	May10
Lot 14			$11m	7	7	7	6	Aug08	Mar 09
Lot 15			$9m	8	0	0	0	Sep10	Oct 10
Lot 18			$8m	7	0	0	0	Aug09	Sep09
Lot 16			$9m	7	0	0	0	Jul 10	Sep10
Lot 17			$13m	10	0	0	0	Jul 10	Sep10
Lot 21			$89m	46	0	0	0	Apr 12	Jun 12
Lot 22			$61m	32	0	0	0	Aug11	Oct 11
Lot 3			$8m	7	0	0	0	Feb 13	Mar 13
Tower 6(Lot 10)			$128m	92	0	0	0	Jul 11	dec 11
Tower 7(Lot 1)			$82m	61	0	0	0	Jul 12	dec 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.

103

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

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

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

				103 d
currENT pricE raNgE	proJEcT pErioD coNSTrucTioN
From/To	(caLENDEr yEar)	progrESS 2	DEScripTioN	oWNErSHip STrucTurE
			Land subdivision	15% Joint Venture Various
$185,000 – $2.7m	early1996 – end 2008	100%
$550,000 – $880,000	end 2006 – end 2009	90%
$1.0m – $1.8m	mid 2006 – end 2009	80%
				50% Mirvac Limited
				50% AustralianSuper Fund
$690,000 – $13.0m	early2003 – mid 2008	100%	Luxuryhousing
$450,000 – $750,000	early2003 – mid 2010	100%	commercial units
$615,000 – $2.3m	end 2004 – mid 2011	100%	Apartments
$530,000 – $3.5m	mid 2005 – mid 2009	100%	Apartments
$850,000 – $3.5m	mid 2006 – mid 2010	55%	Apartments
$750,000 – $3.3m	early2007 – end 2010	19%	Apartments
$1.2m – $2.5m	end 2006 – mid 2008	100%	Luxuryapartments
$1.1m – $2.7m	early2007 – mid 2009	100%	Luxuryapartments
$875,000 – $1.0m	mid 2009 – mid 2010	0%	Houses
$1.4m – $1.6m	end 2006 – mid 2009	100%	Houses
$900,000 – $1.0m	early2009 – end 2010	0%	Houses
$1.0m – $1.3m	early2008 – end 2009	39%	Luxuryhouses
$1.3m – $1.5m	mid 2009 – end 2010	1%	Luxuryhouses
$1.3m – $1.5m	early2009 – end 2010	1%	Luxuryhouses
$1.5m – $2.8m	end 2009 – mid 2012	0%	Luxuryapartments
$1.5m – $2.8m	end 2008 – end 2011	0%	Luxuryapartments
$1.1m – $1.3m	end 2011 – mid 2013	0%	Houses
$725,000 – $3.6m	end 2008 – end 2011	0%	Apartments
$665,000 – $3.6m	early2010 – end 2012	0%	Apartments

104 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
maNDuraH
SyNDicaTES mWrDp		Mandurah	$549m	1,100	70	17	9
Bridgewater MWrdP	Jun 073		$94m	317	19	11	9	Jun 08	May12
Meadow Springs
MWrdP Syndicate	Jun 073		$115m	488	37	6	0	Jun 11	Oct 13
Seascapes Town centre
MWrdP Syndicate	Jun 083		$340m	295	14	0	0	Feb 09	Jan 12
maNDuraH SyNDicaTES
mirvac FuNDS maNagEmENT		Mandurah	$279m	1,161	625	553	509
Mirvac development
Fund – Seascapes	dec 05		$140m	529	303	273	270	Jun 06	Jul 11
Mirvac development
Fund – Meadow Springs	Jun 06		$139m	632	322	280	239	dec 06	Aug12
mEaDoW SpriNgS
HouSiNg	Aug03	Mandurah	$96m	181	151	96	93
completed Stages			$2m	11	11	11	11	Mar 07	Aug07
Bellavista			$22m	42	42	40	40	May07	Feb 09
Eden Springs(Builtform – Lot 575)			$1m	1	1	0	0	Mar 10	Mar 10
Eden Springs			$14m	29	29	28	28	May06	Jan 09
Portrush Green			$34m	70	40	15	13	May08	Mar 10
r60 Site(House)			$6m	27	27	1	1	Jun 08	Feb 10
Northern Golf course Island			$17m	1	1	1	0	Jun 08	Jun 09
KENNEDy Bay		Port Kennedy	$653m	659	0	0	0
LongBeach Estate	Jun 02		$7m	21	0	0	0	Jan 10	Jun 10
Future Stages
(Excl. LongBeach Estate)	Jul 02		$646m	638	0	0	0	Feb 10	Apr 21
THE poiNT	dec 05	Mandurah	$237m	153	152	105	60
BuildingA			$65m	28	27	4	0	Apr 09	dec 10
BuildingB			$101m	78	78	69	38	dec 08	dec 10
Buildingc			$71m	47	47	32	22	dec 08	dec 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.

105

				105 d
currENT pricE raNgE	proJEcT pErioD coNSTrucTioN
From/To	(caLENDEr yEar)	progrESS 2	DEScripTioN	oWNErSHip STrucTurE
				100% MWrdP (Mirvac
				Limited 20% EquityInterest)
$256,000 – $750,000	mid 2007 – mid 2012	20%	Land
$170,000 – $235,000	mid 2007 – end 2013	14%	Land
$800,000 – $1.8m	mid 2008 – mid 2012	14%	Mix of residential and retail lots

				100% Mirvac development
$132,000 – $6.9m	mid 2006 – mid 2011	54%	Land	Fund – Seascapes
				100% Mirvac development
$167,000 – $230,000	mid 2006 – mid 2012	50%	Land	Fund – Meadow Springs
				100% Mirvac Limited
$195,000 – $215,000	mid 2003 – mid 2007	100%	Architecturallydesigned homes
$490,000 – $610,000	mid 2008 – early2009	99%	construction contract
$530,000 – $1.0m	mid 2006 – early2010	26%	Land and house lot
$410,000 – $580,000	mid 2003 – early2009	100%	Land and houses
$380,000 – $645,000	mid 2003 – early2010	88%	Houses
$155,000 – $245,000	mid 2006 – early2010	91%	Land
$17.2m	mid 2008 – mid 2009	100%	Land subdivision
			Land and residential development	PdA with WABGr
$630,000 – $1.4m	early2006 – mid 2010	31%
$800,000 – $1.6m	early2006 – early2021	3%
				100% Mirvac Limited
$950,000 – $4.3m	end 2005 – end 2010	69%	Hotel and apartments
$695,000 – $4.0m	end 2005 – end 2010	99%	Apartments
$695,000 – $4.0m	end 2005 – end 2010	97%	Apartments

106 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	$213m	125	51	46	46
Stage 1			$51m	51	51	46	46	Nov 07	Jul 09
Stage 2			$13m	7	0	0	0	Apr 10	Jun 10
Stage 3			$15m	7	0	0	0	Oct 10	dec 10
Stage 4			$20m	8	0	0	0	Jan 13	Jan 13
Stage 5			$114m	52	0	0	0	Jul 12	Nov 12
BiNNiNgup	Jan 08	Binningup	$550m	1,785	0	0	0	Jul 10	Jul 31
HoLLyWooD	May05	Nedlands	$63m	74	74	73	73
completed Stages			$38m	57	57	57	57	May06	Aug06
Executive Terraced Homes			$25m	17	17	16	16	Feb 08	Jun 09
prESToN BEacH	May06	Preston Beach	$361m	1,900	0	0	0	Jan 11	dec 29
BEacHSiDE
LEigHToN	Aug06	Leighton	$560m	162	113	63	0
Stage 1			$219m	68	60	60	0	Sep10	Feb 11
Stage 2			$265m	84	53	3	0	Sep11	Feb 12
Stage 3			$61m	1	0	0	0	Nov 11	Nov 11
Stage 4			$15m	9	0	0	0	Sep11	Sep11
LENNoX LaND	Jun 06	coolbellup	$15m	36	36	35	31	Feb 08	Apr 09
aLEXaNDra viLLagE	Nov 07	Kensington	$18m	35	15	0	0	Jan 09	Mar 10
KWiNaNa rESiDENTiaL	Feb 08	Kwinana	$28m	65	0	0	0	Aug10	Aug12

1 SETTLEMENT dATES MAY VArY AS cIrcUMSTANcES cHANGE.

2 cONSTrUcTION PrOGrESS AS A PErcENTAGE OF cOST, WHIcH INcLUdES LANd SUBdIVISION BUT NOT LANd AcQUISITION.

107

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

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

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

				107 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%
$1.7 – $2.0m	end 2008 – mid 2010	4%
$1.8m – $2.0m	end 2008 – end 2010	5%
$1.9m – $2.5m	end 2008 – early2013	5%
$1.5m – $3.1m	end 2008 – end 2012	4%
				PdA with Binningup
$180,000 – $700,000	mid 2008 – mid 2031	2%	Land subdivision	Nominees
			Land subdivision	PdA with Landcorp
$540,000 – $900,000	mid 2005 – mid 2006	100%
$1.3m – $1.7m	mid 2005 – mid 2009	100%
$200,000 – $300,000	mid 2006 – end 2029	0%	Land	PdA with MAP Nominees
				100% Mirvac Limited
$1.4m – $9.0m	mid 2007 – early2011	8%	residential lots
$1.6m – $9.1m	mid 2007 – early2012	0%	residential lots
$65.0m	end 2007 – end 2011	0%	Hotel
$520,000 – $2.7m	mid 2007 – end 2011	0%	commercial lots
$395,000 – $443,000	mid 2006 – mid 2009	100%	Land subdivision	PdA with Ministryof Housing
$470,000 – $599,000	early2008 – early2010	51%	retirement village	construction contract
$325,000 – $450,000	early2008 – end 2012	0%	Land	100% Mirvac Limited

108 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
DiaNELLa	dec 06	dianella	$40m	81	end 2006 – end 2010	Land	100% Mirvac Limited
JaNE BrooK	Jul 06	Jane Brook	$15m	1	mid 2006 – mid 2009	Land	100% Mirvac Limited
WaTErLiNE						Houses and
BriDgEWaTEr NorTH	Aug03	Mandurah	$451m	392	end 2003 – mid 2014	apartments	100% Mirvac Limited

==> picture [568 x 474] intentionally omitted <==

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

the peninsula, BursWood, Wa
----- End of picture text -----

109

non-residential development / in progress

mpT porTFoLio / iN progreSS

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

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

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

		DEvELopmENT		EXpEcTED
propErTy	LocaTioN	coST	SEcTor	compLETioN	oWNErSHip
ManningMall	NSW	$18.3m	retail	Jul 09	100% MPT
Moonee Ponds	VIc	$64.5m	retail	Mar 09	100% MPT

mirvac LimiTed porTFoLio / iN progreSS

		ForEcaST vaLuE		EXpEcTED
propErTy	LocaTioN	oN compLETioN1	SEcTor	compLETioN	oWNErSHip
SydneyWater	NSW	$46.6m	commercial lots	May09	100% Mirvac Limited

1 rEPrESENTS 100% SHArE.

110 mirvac group PROPERTY COMPENDIUM

non-residential development

mpT porTFoLio

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

manning mall, taree, nsW in progress

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

moonee ponds central, moonee ponds, vic in progress

DEScripTioN

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

DEScripTioN

The development of a key infill site and adjoining retail areas to deliver a new K-mart, 1st choice liquor store and 47 specialty tenancies.

oWNErSHip

100% MPT

oWNErSHip

100% MPT

coST/rEvENuE Summary	ToTaL
LANd(INcL. cOSTS)	$29.0m
EST. dEVELOPMENT,
cONSTrUcTION & FINANcE cOSTS	$18.3m
TOTAL dEVELOPMENT cOSTS	$47.3m
cAPITALISATION rATE	6.75%
FOrEcAST VALUE ON cOMPLETION	$51.5m
proJEcT TimiNg
LANd AcQUISITION	dec 06
cOMMENcEMENT dATE	Mar 08
cONSTrUcTION PErIOd	16 months
FOrEcAST cOMPLETION	Jul 09
proJEcT upDaTE
Stage 1 complete, Stage 2 on program.

coST/rEvENuE Summary	ToTaL
LANd(INcL. cOSTS)	$25.0m
EST. dEVELOPMENT,
cONSTrUcTION & FINANcE cOSTS	$64.5m
TOTAL dEVELOPMENT cOSTS	$89.5m
cAPITALISATION rATE	7.25%
FOrEcAST VALUE ON cOMPLETION	$89.6m
proJEcT TimiNg
LANd AcQUISITION	Jan 07
cOMMENcEMENT dATE	Mar 07
cONSTrUcTION PErIOd	24 months
FOrEcAST cOMPLETION	Mar 09

proJEcT upDaTE

Base works nearing completion.

0% 50% 100% 0% 50% 100% ESTIMATEd cONSTrUcTION PrOGrESS 60% AT 31 dEcEMBEr 2008 ESTIMATEd cONSTrUcTION PrOGrESS 95% AT 31 dEcEMBEr 2008

111

==> picture [256 x 115] intentionally omitted <==

8-12 chifley sQuare, sydney, nsW proposed

==> picture [256 x 115] intentionally omitted <==

nexus industry park lyn parade prestons, nsW proposed

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.

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

50% MPT, 50% AUSTrALIANSUPEr

proJEcT upDaTE

The Stage 2 dA was approved by council in late 2008.

oWNErSHip

100% MPT proJEcT upDaTE

dA approved November 2008.

==> picture [256 x 114] intentionally omitted <==

netWork at eastern creek old Wallgrove eastern creek, nsW proposed

DEScripTioN

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

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

oWNErSHip

50% MPT, 50% MrEIT

proJEcT upDaTE

dA lodged for early works.

112 mirvac group PROPERTY COMPENDIUM

non-residential development

mirvac LimiTed porTFoLio

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

sydney Water, surry hills, nsW in progress

DEScripTioN

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

oWNErSHip

100% MIrVAc LIMITEd

coST/rEvENuE Summary	ToTaL
LANd(INcL. cOSTS)	$19.2m
EST. dEVELOPMENT,
cONSTrUcTION & FINANcE cOSTS	$21.2m
TOTAL dEVELOPMENT cOSTS	$40.4m
cAPITALISATION rATE	7.00%
FOrEcAST VALUE ON cOMPLETION	$46.6m
proJEcT TimiNg
LANd AcQUISITION	May08
cOMMENcEMENT dATE	May08
cONSTrUcTION PErIOd	10 months
FOrEcAST cOMPLETION	May09

proJEcT upDaTE

Main building works nearing completion with finishing trades 70 per cent complete.

0% 50% 100%

ESTIMATEd cONSTrUcTION PrOGrESS 70% AT 31 dEcEMBEr 2008

113

==> picture [256 x 115] intentionally omitted <==

BankstoWn airport, corner milperra road and henry laWson drive, BankstoWn, nsW proposed

==> picture [256 x 115] intentionally omitted <==

hoxton park airport, intersection of m7 and coWpasture road, hoxton park, nsW proposed

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

DEScripTioN

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

oWNErSHip

cONSOrTIUM: 33.3% MIrVAc LIMITEd, 33.3% LEIGHTON PrOPErTIES, cONSOrTIUM: 50% MIrVAc LIMITEd, 50% LEIGHTON PrOPErTIES 33.3% WESTScHEME.

proJEcT upDaTE

Lots are being sold progressively. LEP gazetted Oct 2008. Title converted to freehold.

==> picture [256 x 114] intentionally omitted <==

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

==> picture [256 x 114] intentionally omitted <==

denison road, hillsdale, nsW proposed

DEScripTioN

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

DEScripTioN

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

oWNErSHip

oWNErSHip	oWNErSHip
100% MIrVAc LIMITEd	100% MIrVAc LIMITEd
proJEcT upDaTE	proJEcT upDaTE

Subdivision dA lodged with council.

dA approved for strata industrial units and child care centre.

114 mirvac group PROPERTY COMPENDIUM

non-residential development

mirvac LimiTed porTFoLio

==> picture [256 x 115] intentionally omitted <==

section 63, civic, canBerra, act proposed

==> picture [256 x 115] intentionally omitted <==

hayles Wharf, Qld proposed

DEScripTioN

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

oWNErSHip

50% MIrVAc LIMITEd, 50% LEIGHTON PrOPErTIES

proJEcT upDaTE

Masterplan lodged for approval. Tenant lease precommitment being sought.

DEScripTioN

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

oWNErSHip

80% MIrVAc LIMITEd, 20% ASOLO INVESTMENTS PTY LTd

proJEcT upDaTE

dA will be submitted March 2009.

==> picture [256 x 114] intentionally omitted <==

south pine road, Brendale, Qld proposed

==> picture [256 x 114] intentionally omitted <==

Boundary road, mackay, Qld proposed

DEScripTioN

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

oWNErSHip

100% MIrVAc LIMITEd

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

proJEcT upDaTE

Masterplan approved.

proJEcT upDaTE

dA approvals received.

115

==> picture [256 x 115] intentionally omitted <==

ormeau shopping centre – stage 1 ormeau, Qld proposed

==> picture [256 x 115] intentionally omitted <==

namBour shopping centre, namBour, Qld proposed

DEScripTioN

A significant town centre development on the Gold coast, South East Queensland. Stage 1 a neighbourhood shopping centre incorporating a 3,500sqm supermarket and approximately 2,800sqm of specialty floor space.

oWNErSHip

100% MIrVAc LIMITEd

DEScripTioN

The development of the vacated Morton Sugar Mill in the heart of Nambour, into a sub regional shopping centre.

oWNErSHip

100% MIrVAc LIMITEd

proJEcT upDaTE

dA lodged with council.

==> picture [171 x 114] intentionally omitted <==

600 lorimer street port melBourne, vic proposed

==> picture [171 x 114] intentionally omitted <==

664 collins street, melBourne, vic proposed

==> picture [171 x 114] intentionally omitted <==

291 BurWood road, haWthorn, vic proposed

DEScripTioN

Former General Motors Holden land totalling 4ha which will be redeveloped into a quality industrial business park.

oWNErSHip

100% MIrVAc LIMITEd

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 47,000sqm of net lettable area over 11 levels.

oWNErSHip

50% MIrVAc LIMITEd, 50% AUSTrALIANSUPEr

DEScripTioN

An A grade commercial building development with significant ground floor show room. When completed the building will comprise 18,888sqm over 5 levels of large corporate campus style floor plates with a central atrium.

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

==> picture [109 x 61] intentionally omitted <==

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_2009-02-16_bdec3d7e-9301-474c-ab14-22a016b350c2.pdf

31 december 2008

local commitment

investment

one darling island, pyrmont, nsW

mirvac properTY TruST porTFoLio repoSiTioNiNg

12 MONTHS TO deceMber 2008

mirvac properTY TruST porTFoLio diverSiFicaTioN

SECTOR DIVERSIFICATION[1]

commercial portfolio

iNveSTmeNT

GRADE

DIVERSIFICATION[1]

GEOGRAPHIC DIVERSIFICATION[1]

commercial portfolio

iNveSTmeNT

DEScripTioN

DEScripTioN

Summary iNFormaTioN

Summary iNFormaTioN

LEaSE EXpiry proFiLE % arEa

LEaSE EXpiry proFiLE % arEa

DEScripTioN

DEScripTioN

Summary iNFormaTioN

Summary iNFormaTioN

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

DEScripTioN

DEScripTioN

Summary iNFormaTioN

Summary iNFormaTioN

DEScripTioN

DEScripTioN

Summary iNFormaTioN

Summary iNFormaTioN

commercial portfolio

iNveSTmeNT

riverside Quay southBank, melBourne, vic

royal domain centre 380 st kilda road, melBourne, vic

DEScripTioN

DEScripTioN

Summary iNFormaTioN

Summary iNFormaTioN

DEScripTioN

DEScripTioN

Summary iNFormaTioN

Summary iNFormaTioN

industrial portfolio

iNveSTmeNT

occupaNcY

industrial portfolio

iNveSTmeNT

DEScripTioN

DEScripTioN

propErTy DETaiLS

propErTy DETaiLS

DEScripTioN

MIRVAC GROUP Fund Information / Factsheet 2009