MIRVAC GROUP - Fund Information / Factsheet 2011

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ProPerty comPendium 30 June 2011

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mirvac is a leading asx-listed real estate grouP

2 core divisions investment develoPment

Properties which feature the ‘by mirvac’ mark have been developed, constructed or refurbished by mirvac.

mirvac group ProPerty comPendium

investment

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68 investment grade assets in direct real estate investments

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04 mirvac group ProPerty comPendium

investment

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101 miller street, north sydney, nsw
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mirvac ProPerty trust PortFolio exPiry ProFile[ 1]

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70 AREA % 70 AREA %
60 60
50 50
40 40
30 30
20 20
10 10
TOTAL PORTFOLIO [ 2] 0 RETAIL PORTFOLIO 0
1,308,850 sqm 452,201 sqm
WALE 6.2 WALE 6.1
70 AREA % 70 AREA %
60 60
50 50
40 40
30 30
20 20
OFFICE 10 INDUSTRIAL 10
PORTFOLIO [ 2] 0 PORTFOLIO 0
596, 392 sqm 259,859 sqm
WALE 6.3 WALE 5.9
VACANT FY12 FY13 FY14 FY15 FY16 BEYOND VACANT FY12 FY13 FY14 FY15 FY16 BEYOND
VACANT FY12 FY13 FY14 FY15 FY16 BEYOND VACANT FY12 FY13 FY14 FY15 FY16 BEYOND
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1 BY ArEA AS AT 30 jUnE 2011.

2 EXCLUDES ASSETS UnDEr DEVELOPMEnT.

mirvac ProPerty trust PortFolio diversiFication

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SECTOR DIVERSIFICATION[1]

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■ OFFICE 57.0%
■ INDUSTRIAL 6.4%
■ RETAIL 30.2%
■ OTHER 1.7% [ 3]
■ INDIRECT PROPERTY
INVESTMENTS 4.7%
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GEOGRAPHIC DIVERSIFICATION[2]

■	NSW	61.4%
■	VIC	15.5%
■	QLD	14.0%
■	ACT	8.3%
■	SA	0.3%
■	US	0.5%

1 BY BOOK VALUE AS AT 30 jUnE 2011. EXCLUDES DEVELOPMEnT ASSETS.

2 BY BOOK VALUE AS AT 30 jUnE 2011. EXCLUDES ASSETS UnDEr DEVELOPMEnT AnD inDirECT PrOPErTY inVESTMEnTS.

3 OTHEr – inCLUDES HOTELS AnD CArPArKS.

06 mirvac group ProPerty comPendium

oFFice PortFolio

investment

275 Kent street, sydney, nsw

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GRADE DIVERSIFICATION[1]

■	PREMIUM	28.4%
■	A GRADE	60.4%
■	B GRADE	10.5%
■	C GRADE	0.7%

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GEOGRAPHIC DIVERSIFICATION[1]

■	NSW	66.3%
■	VIC	13.7%
■	QLD	6.9%
■	ACT	12.5%
■	SA	0.6%

1 BY BOOK VALUE AS AT 30 jUnE 2011. EXCLUDES DEVELOPMEnT ASSETS AnD inDirECT PrOPErTY inVESTMEnTS.

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			% oF
			commercial
			portFolio	gross	valuation at
property	location	nla	BooK value1	oFFice rent	30 jun 2011
101 – 103 Miller Street	north Sydney, nSW	37,472 sqm	5.1%	$656/sqm	$165.0m2
40 Miller Street	north Sydney, nSW	12,665 sqm	3.0%	$668/sqm	$98.0m
60 Margaret Street	Sydney, nSW	39,967 sqm	5.0%	$702/sqm	$158.1m2
1 Castlereagh Street	Sydney, nSW	11,643 sqm	2.3%	$652/sqm	$72.8m
190 George Street	Sydney, nSW	9,261 sqm	1.1%	$479/sqm	$35.5m
200 George Street	Sydney, nSW	5,579 sqm	0.8%	$501/sqm	$26.2m
275 Kent Street	Sydney, nSW	77,125 sqm	23.3%	$767/sqm	$750.0m
One Darlingisland	Pyrmont, nSW	22,197 sqm	5.4%	$551/sqm	$175.0m
BayCentre, Pirrama road	Pyrmont, nSW	15,972 sqm	3.4%	$564/sqm	$111.0m
3 rider Boulevard	rhodes, nSW	16,793 sqm	2.4%	$386/sqm	$76.4m
5 rider Boulevard	rhodes, nSW	25,073 sqm	3.6%	$371/sqm	$117.6m
1 Woolworths WaynSO	Bella Vista, nSW	44,828 sqm	7.7%	$320/sqm	$250.0m
55 Coonara Avenue	West Pennant Hills, nSW	34,080 sqm	3.2%	$305/sqm	$102.6m
60 Marcus Clarke Street	Canberra, ACT	12,045 sqm	1.5%	$464/sqm	$49.0m
Aviation House, 16 Furzer Street	Philip, ACT	14,814 sqm	2.2%	$401/sqm	$69.8m
Sirius Building, 23 Furzer Street	Philip, ACT	46,167 sqm	7.3%	$408/sqm	$234.9m
54 Marcus Clarke Street	Canberra, ACT	5,283 sqm	0.5%	$397/sqm	$16.1m
38 SydneyAvenue	Forrest, ACT	9,099 sqm	1.1%	$413/sqm	$35.1m
189 GreyStreet	Southbank, QLD	12,728 sqm	2.2%	$379/sqm	$72.5m
john OxleyCentre, 339 Coronation Drive	Milton, QLD	13,172 sqm	1.6%	$422/sqm	$52.5m
340 Adelaide Street	Brisbane, QLD	13,290 sqm	1.8%	$423/sqm	$57.0m
33 Corporate Drive	Cannon Hill, QLD	4,218 sqm	0.5%	$338/sqm	$16.5m
19 Corporate Drive	Cannon Hill, QLD	6,028 sqm	0.7%	$418/sqm	$24.0m
riverside QuaySouthbank	Southbank, ViC	28,658 sqm	4.6%	$468/sqm	$150.0m
royal Domain Centre, 380 St Kilda road	Melbourne, ViC	24,574 sqm	3.3%	$398/sqm	$107.0m
Como Centre, Cnr Toorak road & Chapel Street	South Yarra, ViC	25,674 sqm	2.6%	$404/sqm	$83.7m
191 – 197 Salmon Street	Port Melbourne, ViC	21,763 sqm	3.2%	$383/sqm	$102.3m
1 Hugh Cairns Avenue	Bedford Park, SA	6,224 sqm	0.6%	$341/sqm	$17.8m
total		596,392 sqm	100.0%		$3,226.4m3
WeigHteD average lease eXpiry					6.3 years 3
occupancy					97.8% 3

1 BOOK VALUE AS AT 30 jUnE 2011. EXCLUDES ASSETS HELD FOr DEVELOPMEnT. 2 BOOK VALUE rEPrESEnTS 50% inTErEST.

3 EXCLUDES ASSETS HELD FOr DEVELOPMEnT.

mirvac group ProPerty comPendium

oFFice PortFolio

investment

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101 – 103 miller street, north sydney, nsw

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40 miller street, north sydney, nsw

Description

This landmark Premium grade office tower and major retail centre is located in the heart of the north Sydney CBD with a direct link to north Sydney railway Station. The complex was built in 1992 and underwent a major refurbishment in 2008. The building was the first existing Premium tower to achieve a 5 star GreenStar rating and has achieved a 5 star nABErS Energy rating.

Description

Developed by Mirvac in 2000, the building is located adjacent to north Sydney railway Station and enjoys commanding views of the harbour from all 11 commercial levels. Outdoor balconies provide an additional amenity for tenants. This building has achieved a 4 star nABErS Energy rating.

summary inFormation

GrADE			Premium Grade
OWnErSHiP			50% MPT, 50% EUrEKA
nLA			37,472 sqm
CAr SPACES			241
ACQUiSiTiOn DATE			jun 94
LAST EXTErnAL VALUATiOn	DATE		31 Dec 10
VALUATiOn AT 30 jUn 11			$165.0m
VALUEr			DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE			7.00%
DiSCOUnT rATE			9.00%
GrOSS OFFiCE rEnT			$656/sqm
major tenants	nla sQm		lease eXpiry
rTA		15,614	jul 16
COMMOnWEALTH OF AUSTrALiA		7,492	jul 18

summary inFormation

GrADE		A Grade
OWnErSHiP		100% MPT
nLA		12,665 sqm
CAr SPACES		110
ACQUiSiTiOn DATE		Mar 98
LAST EXTErnAL VALUATiOn	DATE	30 jun 10
VALUATiOn AT 30 jUn 11		$98.0m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		7.25%
DiSCOUnT rATE		9.25%
GrOSS OFFiCE rEnT		$668/sqm
major tenants	nla sQm	lease eXpiry
UniTED GrOUP LiMiTED	10,935	nov 15
TiBCO SOFTWArE AUST	980	Oct 12

lease eXpiry proFile % area

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VACAnCY 0.9% VACAnCY 0.0%
FY12 0.0% FY12 0.0%
FY13 0.9% FY13 11.2%
FY14 22.0% FY14 0.0%
FY15 0.8% FY15 1.3%
FY16 2.4% FY16 86.3%
BEYOnD 73.0% BEYOnD 1.2%
WALE 5.0 YEArS WALE 4.0 YEArS
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60 margaret street, sydney, nsw

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1 castlereagh street, sydney, nsw

Description

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

Description

Located in the centre of Sydney’s financial core, the building offers modern office accommodation with 550 sqm floor plates and direct natural light on three sides. The 21 level building was fully refurbished in 1991 with further partial refurbishment completed in 2007.

summary inFormation

GrADE		A Grade
OWnErSHiP		50% MPT, 50% MTAA
nLA		39,967 sqm
CAr SPACES		165
ACQUiSiTiOn DATE		Aug98
LAST EXTErnAL VALUATiOn	DATE	31 Dec 10
VALUATiOn AT 30 jUn 11		$158.1m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		7.00%
DiSCOUnT rATE		9.00%
GrOSS OFFiCE rEnT		$702/sqm
major tenants	nla sQm	lease eXpiry
MirVAC	8,182	Sep15
rEUTErS AUSTrALiA	5,384	Feb 15

GrADE		B Grade
OWnErSHiP		100% MPT
nLA		11,643 sqm
CAr SPACES		50
ACQUiSiTiOn DATE		Dec 98
LAST EXTErnAL VALUATiOn	DATE	30 jun 10
VALUATiOn AT 30 jUn 11		$72.8m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		7.50%
DiSCOUnT rATE		9.50%
GrOSS OFFiCE rEnT		$652/sqm
major tenants	nla sQm	lease eXpiry
MAC THOrPE SErViCES	627	jan 15
HAY GrOUP	550	Aug15

lease eXpiry proFile % area	lease eXpiry proFile % area
VACAnCY 0.0%	VACAnCY 13.6%
FY12 29.6%	FY12 15.4%
FY13 12.0%	FY13 20.1%
FY14 6.0%	FY14 14.2%
FY15 13.5%	FY15 12.8%
FY16 24.2%	FY16 17.1%
BEYOnD 14.7%	BEYOnD 6.8%
WALE 3.1 YEArS	WALE 5.5 YEArS

10 mirvac group ProPerty comPendium

oFFice PortFolio

investment

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190 george street, sydney, nsw

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200 george street, sydney, nsw

Description

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

Description

summary inFormation

GrADE		B Grade
OWnErSHiP		100% MPT
nLA		9,261 sqm
CAr SPACES		31
ACQUiSiTiOn DATE		Aug03
LAST EXTErnAL VALUATiOn	DATE	31 Dec 09
VALUATiOn AT 30 jUn 11		$35.5m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		8.75%
DiSCOUnT rATE		9.50%
GrOSS OFFiCE rEnT		$479/sqm
major tenants	nla sQm	lease eXpiry
CLiFTOnS	3,405	Dec 14
DOWnEr EDi LTD	1,703	Aug11

summary inFormation

GrADE		C Grade
OWnErSHiP		100% MPT
nLA		5,579 sqm
CAr SPACES		15
ACQUiSiTiOn DATE		Oct 01
LAST EXTErnAL VALUATiOn	DATE	31 Dec 09
VALUATiOn AT 30 jUn 11		$26.2m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		8.25%
DiSCOUnT rATE		9.50%
GrOSS OFFiCE rEnT		$501/sqm
major tenants	nla sQm	lease eXpiry
CLiFTOnS	1,787	Dec 14
ArAB BAnK AUSTrALiA	1,226	Dec 14

lease eXpiry proFile % area	lease eXpiry proFile % area
VACAnCY 9.6%	VACAnCY 0.0%
FY12 33.4%	FY12 7.1%
FY13 11.0%	FY13 36.3%
FY14 0.0%	FY14 1.9%
FY15 46.0%	FY15 54.0%
FY16 0.0%	FY16 0.7%
BEYOnD 0.0%	BEYOnD 0.0%
WALE 1.9 YEArS	WALE 2.6 YEArS

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275 Kent street, sydney, nsw

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one darling island, Pyrmont, nsw

Description

Completed in 2006, Westpac Place has a total nLA of over 77,000 sqm. The winner of numerous property industry awards, it is one of the largest office buildings in Australia and is located in the rapidly improving Western Corridor of the Sydney CBD. Westpac Place provides Premium grade office accommodation and is the head office of Westpac Banking Corporation. The building has a 4 star nABErS Energy rating.

summary inFormation

Description

Developed by Mirvac in 2006, this A grade office campus comprises six office floors, with two basement parking levels. Situated on the Sydney CBD fringe close to the waterfront, the building features large floor plates of greater than 4,400 sqm and has achieved a 5 star nABErS Energy rating.

summary inFormation

GrADE Premium Grade	GrADE A Grade
OWnErSHiP 100% MPT	OWnErSHiP 100% MPT
nLA 77,125 sqm	nLA 22,197 sqm
CAr SPACES 214	CAr SPACES 160
ACQUiSiTiOn DATE Aug10	ACQUiSiTiOn DATE Apr 04
LAST EXTErnAL VALUATiOn DATE 31 Dec 10	LAST EXTErnAL VALUATiOn DATE 31 Dec 10
VALUATiOn AT 30 jUn 11 $750.0m	VALUATiOn AT 30 jUn 11 $175.0m
VALUEr DirECTOrS VALUATiOn	VALUEr DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE 6.75%	CAPiTALiSATiOn rATE 7.00%
DiSCOUnT rATE 8.75%	DiSCOUnT rATE 9.25%
GrOSS OFFiCE rEnT $767/sqm	GrOSS OFFiCE rEnT $551/sqm
major tenants nla sQm lease eXpiry	major tenants nla sQm lease eXpiry
WESTPAC 75,547 Oct 18	jOHn FAirFAX HOLDinGS 22,197 jun 27

lease eXpiry proFile % area	lease eXpiry proFile % area
VACAnCY 0.0%	VACAnCY 0.0%
FY12 0.7%	FY12 0.0%
FY13 0.2%	FY13 0.0%
FY14 0.2%	FY14 0.0%
FY15 0.1%	FY15 0.0%
FY16 0.1%	FY16 0.0%
BEYOnD 98.7%	BEYOnD 100.0%
WALE 7.3 YEArS	WALE 16.0 YEArS

12 mirvac group ProPerty comPendium

oFFice PortFolio

investment

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Bay centre Pirrama road, Pyrmont, nsw

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3 rider Boulevard, rhodes, nsw

Description

Developed by Mirvac in 2002, the building comprises five office levels and is located adjacent to Darling Harbour. The building has large floor plates in excess of 3,000 sqm with harbour and city views from all levels. The building has recently achieved a 4 star nABErS Energy rating.

Description

Located within the rhodes Waterside development, 3 rider Boulevard is a modern, seven level office building with three retail shops on the ground floor. Completed in late 2005, the building features large, flexible floor plates and has achieved a 4 star nABErS Energy rating.

summary inFormation

GrADE		A Grade
OWnErSHiP		100% MPT
nLA		15,972 sqm
CAr SPACES		116
ACQUiSiTiOn DATE		jun 01
LAST EXTErnAL VALUATiOn	DATE	30 jun 10
VALUATiOn AT 30 jUn 11		$111.0m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		7.50%
DiSCOUnT rATE		9.25%
GrOSS OFFiCE rEnT		$564/sqm
major tenants	nla sQm	lease eXpiry
jOHn HOLLAnD	6,243	Dec 19
VEOLiA	3,574	Dec 12

summary inFormation

GrADE		A Grade
OWnErSHiP		100% MPT
nLA		16,793 sqm
CAr SPACES		303
ACQUiSiTiOn DATE		Dec 09
LAST EXTErnAL VALUATiOn	DATE	30 jun 11
VALUATiOn AT 30 jUn 11		$76.4m
VALUEr	COLLiErS	inTErnATiOnAL
CAPiTALiSATiOn rATE		8.00%
DiSCOUnT rATE		9.25%
GrOSS OFFiCE rEnT		$386/sqm
major tenants	nla sQm	lease eXpiry
AAP	3,642	Sep20
CArDLinK SErViCES	2,973	Mar 16

lease eXpiry proFile % area

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VACAnCY 0.0% VACAnCY 0.0%
FY12 0.0% FY12 13.3%
FY13 23.1% FY13 19.9%
FY14 14.2% FY14 6.1%
FY15 3.0% FY15 3.2%
FY16 0.0% FY16 16.6%
BEYOnD 59.7% BEYOnD 40.9%
WALE 6.1 YEArS WALE 4.9 YEArS
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5 rider Boulevard, rhodes, nsw

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1 woolworths way nso, Bella vista, nsw

Description

Developed by Mirvac in 2008, 5 rider Boulevard is located within the rhodes Waterside development. The property comprises a modern 14 level commercial office building including four levels of basement parking. The building is designed to achieve a 4.5 star nABErS Energy rating.

Description

Located 20 km north-west of the Sydney CBD within the norwest Business Park, this corporate campus has a total net lettable area of over 44,000 sqm and includes retail units, cafes, sports facilities and an auditorium. The property has surplus land for future development allowing expansion for Woolworths.

summary inFormation

GrADE		A Grade
OWnErSHiP		100% MPT
nLA		25,073 sqm
CAr SPACES		495
ACQUiSiTiOn DATE		jan 07
LAST EXTErnAL VALUATiOn	DATE	31 Mar 11
VALUATiOn AT 30 jUn 11		$117.6m
VALUEr		jLL
CAPiTALiSATiOn rATE		7.63%
DiSCOUnT rATE		9.13%
GrOSS OFFiCE rEnT		$371/sqm
major tenants	nla sQm	lease eXpiry
ALCATEL –
LUCEnT AUSTrALiA	15,415	Dec 18
FOSTErS AUSTrALiA	3,682	nov 15

GrADE		A Grade
OWnErSHiP		100% MPT
nLA		44,828 sqm
CAr SPACES		2,341
ACQUiSiTiOn DATE		Aug10
LAST EXTErnAL VALUATiOn	DATE	30 jun 11
VALUATiOn AT 30 jUn 11		$250.0m
VALUEr		jLL
CAPiTALiSATiOn rATE		7.75%
DiSCOUnT rATE		9.25%
GrOSS OFFiCE rEnT		$320 /sqm
major tenants	nla sQm	lease eXpiry
WOOLWOrTHS	44,828	Oct 20

lease eXpiry proFile % area	lease eXpiry proFile % area
VACAnCY 1.7%	VACAnCY 0.0%
FY12 1.7%	FY12 0.0%
FY13 0.0%	FY13 0.0%
FY14 0.0%	FY14 0.0%
FY15 5.1%	FY15 0.0%
FY16 30.1%	FY16 0.0%
BEYOnD 61.4%	BEYOnD 100%
WALE 6.1 YEArS	WALE 9.3 YEArS

14 mirvac group ProPerty comPendium

oFFice PortFolio

investment

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55 coonara avenue, west Pennant hills, nsw

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60 marcus clarKe street, canBerra, act

Description

Located 26 km north-west of the Sydney CBD and 9 km north of Parramatta, the property has a net lettable area of over 34,000 sqm. Comprising a campus of seven interconnected low-rise buildings and approximately 1,770 parking spaces, iBM occupies the entire facility.

Description

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

summary inFormation

GrADE		B Grade
OWnErSHiP		100% MPT
nLA		34,080 sqm
CAr SPACES		1,770
ACQUiSiTiOn DATE		Aug10
LAST EXTErnAL VALUATiOn	DATE	31 Dec 10
VALUATiOn AT 30 jUn 11		$102.6m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		8.50%
DiSCOUnT rATE		9.50%
GrOSS OFFiCE rEnT		$305/sqm
major tenants	nla sQm	lease eXpiry
iBM	34,080	Aug15

summary inFormation

GrADE		A Grade
OWnErSHiP		100% MPT
nLA		12,045 sqm
CAr SPACES		134
ACQUiSiTiOn DATE		Sep89
LAST EXTErnAL VALUATiOn	DATE	30 jun 11
VALUATiOn AT 30 jUn 11		$49.0m
VALUEr		CB riCHArD ELLiS
CAPiTALiSATiOn rATE		8.75%
DiSCOUnT rATE		9.50%
GrOSS OFFiCE rEnT		$464/sqm
major tenants	nla sQm	lease eXpiry
DEEWr	1,331	Oct 11
ST GEOrGE	1,321	Oct 20

lease eXpiry proFile % area	lease eXpiry proFile % area
VACAnCY 0.0%	VACAnCY 5.8%
FY12 0.0%	FY12 26.4%
FY13 0.0%	FY13 8.9%
FY14 0.0%	FY14 23.7%
FY15 0.0%	FY15 4.5%
FY16 100%	FY16 12.3%
BEYOnD 0.0%	BEYOnD 18.4%
WALE 4.2 YEArS	WALE 3.0 YEArS

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aviation house

16 Furzer street, PhiliP, act

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sirius Building 23 Furzer street, PhiliP, act

Description

Aviation House is well located in Philip and comprises nine levels of office accommodation, a café on ground level and two levels of basement parking. The building was completed in 2007 and features A grade services, large floor plates, abundant natural light and a north-facing rooftop balcony. The building currently holds a 4.5 star nABErS Energy rating.

Description

This newly completed campus style office building, purpose built for the Department of Health and Ageing, comprises 10 office levels, each approximately 4,500 sqm and two levels of basement parking. The building has been designed to achieve a 4.5 star nABErS Energy rating.

summary inFormation

GrADE		A Grade
OWnErSHiP		100% MPT
nLA		14,814 sqm
CAr SPACES		148
ACQUiSiTiOn DATE		jul 07
LAST EXTErnAL VALUATiOn	DATE	30 jun 10
VALUATiOn AT 30 jUn 11		$69.8m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		7.50%
DiSCOUnT rATE		9.25%
GrOSS OFFiCE rEnT		$401/sqm
major tenants	nla sQm	lease eXpiry
CASA	8,004	jan 221
APSC	3,992	Feb 22

GrADE		A Grade
OWnErSHiP		100% MPT
nLA		46,167 sqm
CAr SPACES		374
ACQUiSiTiOn DATE		Feb 10
LAST EXTErnAL VALUATiOn DATE		30 jun 10
VALUATiOn AT 30 jUn 11		$234.9m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		7.25%
DiSCOUnT rATE		9.25%
GrOSS OFFiCE rEnT		$408/sqm
major tenants	nla sQm	lease eXpiry
DEPT OF HEALTH AnD AGEinG	45,967	Feb 25

lease eXpiry proFile % area	lease eXpiry proFile % area
VACAnCY 0.0%	VACAnCY 0.0%
FY12 1.1%	FY12 0.0%
FY13 0.0%	FY13 0.0%
FY14 0.0%	FY14 0.0%
FY15 0.0%	FY15 0.0%
FY16 0.0%	FY16 0.4%
BEYOnD 98.9%	BEYOnD 99.6%
WALE 10.3 YEArS	WALE 13.6 YEArS

1 EXPirY DATE POST COMMEnCEMEnT OF EXErCiSED OPTiOn in jAn 12.

16 mirvac group ProPerty comPendium

oFFice PortFolio

investment

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

54 marcus clarKe street, canBerra, act

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

38 sydney avenue, Forrest, act

Description

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

Description

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

summary inFormation

GrADE		B Grade
OWnErSHiP		100% MPT
nLA		5,283 sqm
CAr SPACES		50
ACQUiSiTiOn DATE		Oct 87
LAST EXTErnAL VALUATiOn DATE		31 Dec 10
VALUATiOn AT 30 jUn 11		$16.1m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		9.50%
DiSCOUnT rATE		9.75%
GrOSS OFFiCE rEnT		$397/sqm
major tenants	nla sQm	lease eXpiry
HUDSOn GLOBAL rESOUrCES	624	jul 13
HAYS PErSOnnEL SErViCES	624	Sep11

summary inFormation

GrADE		A Grade
OWnErSHiP		100% MPT
nLA		9,099 sqm
CAr SPACES		68
ACQUiSiTiOn DATE		jun 96
LAST EXTErnAL VALUATiOn	DATE	31 Dec 10
VALUATiOn AT 30 jUn 11		$35.1m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		8.50%
DiSCOUnT rATE		9.50%
GrOSS OFFiCE rEnT		$413/sqm
major tenants	nla sQm	lease eXpiry
DBCDE	8,975	nov 12

lease eXpiry proFile % area	lease eXpiry proFile % area
VACAnCY 37.3%	VACAnCY 0.0%
FY12 28.9%	FY12 0.0%
FY13 7.5%	FY13 98.6%
FY14 11.8%	FY14 0.0%
FY15 9.4%	FY15 0.0%
FY16 5.1%	FY16 1.4%
BEYOnD 0.0%	BEYOnD 0.0%
WALE 1.0 YEArS	WALE 1.4 YEArS

==> picture [58 x 58] intentionally omitted <==

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

189 grey street, southBanK, BrisBane, Qld

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

John oxley centre 339 coronation drive, milton, Qld

Description

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

Description

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

summary inFormation

GrADE		A Grade
OWnErSHiP		100% MPT
nLA		12,728 sqm
CAr SPACES		146
ACQUiSiTiOn DATE		Apr 04
LAST EXTErnAL VALUATiOn	DATE	30 jun 10
VALUATiOn AT 30 jUn 11		$72.5m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		7.75%
DiSCOUnT rATE		9.25%
GrOSS OFFiCE rEnT		$379/sqm
major tenants	nla sQm	lease eXpiry
inSUrAnCE AUSTrALiA	7,281	Mar 15
THiESS PTY LTD	4,659	Feb 13

GrADE		B Grade
OWnErSHiP		100% MPT
nLA		13,172 sqm
CAr SPACES		319
ACQUiSiTiOn DATE		May02
LAST EXTErnAL VALUATiOn	DATE	31 Mar 11
VALUATiOn AT 30 jUn 11		$52.5m
VALUEr		jLL
CAPiTALiSATiOn rATE		9.00%
DiSCOUnT rATE		10.00%
GrOSS OFFiCE rEnT		$422/sqm
major tenants	nla sQm	lease eXpiry
OriGin EnErGY SErViCES	8,492	jun 18
LEiGHTOn COnTrACTOrS	1,408	nov 12

lease eXpiry proFile % area	lease eXpiry proFile % area	lease eXpiry proFile % area
VACAnCY 0.0%		VACAnCY 12.6%
FY12 2.6%		FY12 9.7%

FY13 38.8%		FY13 10.7%
FY14 0.0%		FY14 2.6%
FY15 58.6%		FY15 0.0%
FY16 0.0%		FY16 0.0%
BEYOnD 0.0%		BEYOnD 64.4%
WALE 2.8 YEArS		WALE 4.8 YEArS

18 mirvac group ProPerty comPendium

oFFice PortFolio

investment

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

340 adelaide street, BrisBane, Qld

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

33 corPorate drive, cannon hill, Qld

Description

340 Adelaide Street is a modern 17 level office building with two levels of basement parking and is located in the heart of the Brisbane CBD. The building has undergone a refurbishment to increase the nABErS Energy rating to a targeted 4.5 stars.

Description

This building benefits from its prime location in the Southgate Corporate Park, 7 km east of the Brisbane CBD. Pre-committed to Westpac prior to construction in 2003, the building has potential for an additional 1,000 sqm development. The unusual exterior frame design optimises efficiency and flexibility across the floor plate.

summary inFormation

GrADE			A Grade
OWnErSHiP			100% MPT
nLA			13,290 sqm
CAr SPACES			100
ACQUiSiTiOn DATE			Dec 09
LAST EXTErnAL VALUATiOn DATE			31 Dec 10
VALUATiOn AT 30 jUn 11			$57.0m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE			9.00%
DiSCOUnT rATE			10.00%
GrOSS OFFiCE rEnT			$423/sqm
major tenants	nla	sQm lease eXpiry
AUSTrALiAn GOVErnMEnT SOLiCiTOr		1,724	Mar 14
HEALTH SErViCES AUSTrALiA		1,628	Feb 15

summary inFormation

GrADE		B Grade
OWnErSHiP		100% MPT
nLA		4,218 sqm
CAr SPACES		302
ACQUiSiTiOn DATE		Aug10
LAST EXTErnAL VALUATiOn	DATE	30 jun 11
VALUATiOn AT 30 jUn 11		$16.5m
VALUEr		jLL
CAPiTALiSATiOn rATE		9.00%
DiSCOUnT rATE		9.75%
GrOSS OFFiCE rEnT		$338/sqm
major tenants	nla sQm	lease eXpiry
WESTPAC	4,218	nov 14

lease eXpiry proFile % area	lease eXpiry proFile % area
VACAnCY 29.0%	VACAnCY 0.0%
FY12 18.5%	FY12 0.0%
FY13 2.4%	FY13 0.0%
FY14 30.5%	FY14 0.0%
FY15 13.5%	FY15 100.0%
FY16 1.1%	FY16 0.0%
BEYOnD 5.0%	BEYOnD 0.0%
WALE 1.8 YEArS	WALE 3.4 YEArS

==> picture [58 x 58] intentionally omitted <==

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

19 corPorate drive, cannon hill, Qld

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

riverside Quay, southBanK, vic

Description

This building benefits from its prime location in the Southgate Corporate Park, 7 km east of the Brisbane CBD. Constructed in 2007 with over 6,000 sqm of net lettable area and generous basement parking.

Description

A modern office complex comprising three separate buildings with ground floor retail and a single level of basement parking. 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 has undergone a significant refurbishment.

summary inFormation

GrADE		B Grade
OWnErSHiP		100% MPT
nLA		6,028 sqm
CAr SPACES		156
ACQUiSiTiOn DATE		Aug10
LAST EXTErnAL VALUATiOn	DATE	30 jun 11
VALUATiOn AT 30 jUn 11		$24.0m
VALUEr		jLL
CAPiTALiSATiOn rATE		8.75%
DiSCOUnT rATE		9.75%
GrOSS OFFiCE rEnT		$418/sqm
major tenants	nla sQm	lease eXpiry
HOnEYWELL	2,548	jun 18
nBn CO.	1,870	May16

GrADE		A Grade
OWnErSHiP		100% MPT
nLA		28,658 sqm
CAr SPACES		163
ACQUiSiTiOn DATE		Apr 02 (1&3) & jul 03 (2)
LAST EXTErnAL VALUATiOn	DATE	30 jun 10
VALUATiOn AT 30 jUn 11		$150.0m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		7.75%
DiSCOUnT rATE		9.25%
GrOSS OFFiCE rEnT		$468/sqm
major tenants	nla sQm	lease eXpiry
UrS AUSTrALiA	4,653	Feb 14
STA TrAVEL	1,566	Oct 19

lease eXpiry proFile % area	lease eXpiry proFile % area
VACAnCY 0.0%	VACAnCY 5.1%
FY12 0.0%	FY12 15.1%
FY13 0.0%	FY13 7.0%
FY14 0.0%	FY14 31.6%
FY15 0.0%	FY15 9.6%
FY16 40.7%	FY16 5.9%
BEYOnD 59.3%	BEYOnD 25.7%
WALE 6.2 YEArS	WALE 3.7 YEArS

20 mirvac group ProPerty comPendium

oFFice PortFolio

investment

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

royal domain centre 380 st Kilda road, melBourne, vic

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

como centre, corner tooraK road & chaPel street, south yarra, vic

Description

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

Description

The complex includes office accommodation across three towers, a retail centre of 30 shops and a cinema. The 5 star 107 room Como Hotel and commercial car park complement the landmark complex.

summary inFormation

GrADE		A Grade
OWnErSHiP		100% MPT
nLA		24,574 sqm
CAr SPACES		482
ACQUiSiTiOn DATE	Oct 95 (50%) Apr 01 (50%)
LAST EXTErnAL VALUATiOn	DATE	30 jun 11
VALUATiOn AT 30 jUn 11		$107.0m
VALUEr		SAViLLS
CAPiTALiSATiOn rATE		8.00%
DiSCOUnT rATE		9.25%
GrOSS OFFiCE rEnT		$398/sqm
major tenants	nla sQm	lease eXpiry
TOLL TrAnSPOrT	4,534	nov 12
CA (PACiFiC)	4,313	Aug15

summary inFormation

GrADE		A Grade
OWnErSHiP		100% MPT
nLA		25,674 sqm
CAr SPACES		615
ACQUiSiTiOn DATE		Aug98
LAST EXTErnAL VALUATiOn	DATE	30 jun 11
VALUATiOn AT 30 jUn 11		$83.7m
VALUEr		CB riCHArD ELLiS
CAPiTALiSATiOn rATE		8.34%
DiSCOUnT rATE		9.30%
GrOSS OFFiCE rEnT		$404/sqm
major tenants	nla sQm	lease eXpiry
nETWOrK TEn	4,916	jun 19
TELSTrA	2,676	jun 12

lease eXpiry proFile % area

==> picture [514 x 97] intentionally omitted <==

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

VACAnCY 0.0% VACAnCY 0.3%
FY12 16.8% FY12 25.9%
FY13 24.1% FY13 27.2%
FY14 18.9% FY14 12.0%
FY15 3.0% FY15 10.6%
FY16 19.3% FY16 3.2%
BEYOnD 17.9% BEYOnD 20.8%
WALE 3.1 YEArS WALE 4.5 YEArS
----- End of picture text -----

==> picture [58 x 58] intentionally omitted <==

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

191 – 197 salmon street, Port melBourne, vic

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

1 hugh cairns avenue, BedFord ParK, sa

Description

191-197 Salmon Street, Port Melbourne ViC Headquarters for GM Holden, the building is designed in a campus style with floor plates greater than 7,000 sqm each. The building was purpose built for GM Holden and was completed in April 2005.

Description

The building is located 13 km south-east of the Adelaide CBD in a commercial precinct adjoining Flinders University campus. Occupied by BT Financial Group, a subsidiary of Westpac, the building is used as an operations and call centre.

summary inFormation

PrOPErTY GrADE		A Grade
OWnErSHiP		100% MPT
nLA		21,763 sqm
CAr SPACES		988
ACQUiSiTiOn DATE		jul 03
LAST EXTErnAL VALUATiOn	DATE	30 jun 10
VALUATiOn AT 30 jUn 11		$102.3m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		7.75%
DiSCOUnT rATE		9.25%
GrOSS OFFiCE rEnT		$383/sqm
major tenants	nla sQm	lease eXpiry
GM HOLDEn	21,763	Apr 20

GrADE		B Grade
OWnErSHiP		100% MPT
nLA		6,224 sqm
CAr SPACES		400
ACQUiSiTiOn DATE		Aug10
LAST EXTErnAL VALUATiOn	DATE	30 jun 11
VALUATiOn AT 30 jUn 11		$17.8m
VALUEr		CB riCHArD ELLiS
CAPiTALiSATiOn rATE		9.50%
DiSCOUnT rATE		10.00%
GrOSS OFFiCE rEnT		$341/sqm
major tenants	nla sQm	lease eXpiry
WESTPAC	6,224	Oct 19

lease eXpiry proFile % area	lease eXpiry proFile % area
VACAnCY 0.0%	VACAnCY 0.0%
FY12 0.0%	FY12 0.0%
FY13 0.0%	FY13 0.0%
FY14 0.0%	FY14 0.0%
FY15 0.0%	FY15 0.0%
FY16 0.0%	FY16 0.0%
BEYOnD 100.0%	BEYOnD 100.0%
WALE 8.8 YEArS	WALE 8.3 YEArS

22 mirvac group ProPerty comPendium

industrial PortFolio

investment

nexus industry ParK, Prestons, nsw

==> picture [58 x 58] intentionally omitted <==

			% oF
			inDustrial
			portFolio	valuation at
property	location	nla	BooK value1	30 jun 11
271 Lane Cove road	north ryde, nSW	11,516 sqm	8.9%	$32.5m
10 julius Avenue	north ryde, nSW	13,341 sqm	14.6%	$53.1m
12 julius Avenue	north ryde, nSW	7,037 sqm	6.4%	$23.4m
64 Biloela Street	Villawood, nSW	22,937 sqm	5.3%	$19.1m
1 – 47 Percival road	Smithfeld, nSW	22,545 sqm	7.7%	$28.1m
nexus industryPark (Building1)	Prestons, nSW	13,120 sqm	4.9%	$17.9m
nexus industryPark (Building2)	Prestons, nSW	9,709 sqm	3.4%	$12.3m
nexus industryPark (Building3)	Prestons, nSW	17,266 sqm	6.5%	$23.5m
nexus industryPark (Building5)	Prestons, nSW	12,339 sqm	4.1%	$14.8m
52 Huntingwood Drive	Huntingwood, nSW	19,286 sqm	6.0%	$22.0m
32 Sargents road	Minchinbury, nSW	22,378 sqm	6.5%	$23.5m
54-60 Talavera road	north ryde, nSW	11,323 sqm	12.5%	$45.5m
47 – 67 Westgate Drive	Altona north, ViC	27,081 sqm	5.3%	$19.1m
1900 – 2060 Pratt Boulevard	Chicago, iL, USA	49,981 sqm	7.9%	$28.9m (AUD)
total		259,859 sqm	100.0%	$363.7m1
WeigHteD average lease	eXpiry			5.9 years
occupancy				97.2%

GEOGRAPHIC DIVERSIFICATION[2]

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

==> picture [129 x 25] intentionally omitted <==

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

■ NSW 86.8%
■ VIC 5.3%
■ USA 7.9%
----- End of picture text -----

1 BOOK VALUE AS AT 30 jUnE 2011. EXCLUDES ASSETS HELD FOr DEVELOPMEnT.

2 BY BOOK VALUE AS AT 30 jUnE 2011. EXCLUDES DEVELOPMEnT ASSETS AnD inDirECT PrOPErTY inVESTMEnTS.

24 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 <==

10 Julius avenue, north ryde, nsw

Description

The property is situated adjacent to the Macquarie Park railway Station on the corner of Lane Cove and Waterloo roads. The site has development approval for future commercial development.

Description

The property comprises three separate buildings that were progressively completed from 2001 to 2005. The buildings are located within the riverside Corporate Park and have excellent access to the Lane Cove Tunnel, M2 Motorway and north ryde railway Station.

property Details

OWnErSHiP			100% MPT
nLA			11,516 sqm
CAr SPACES			289
ACQUiSiTiOn DATE			Apr 00
LAST EXTErnAL VALUATiOn	DATE		30 jun 10
VALUATiOn AT 30 jUn 11			$32.5m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE			8.00%
DiSCOUnT rATE			9.50%
major tenants	nla sQm		lease eXpiry
FOXTEL	6,718		Mar 18

summary inFormation

OWnErSHiP		100% MPT
nLA		13,341 sqm
CAr SPACES		441
ACQUiSiTiOn DATE		Dec 09
LAST EXTErnAL VALUATiOn	DATE	30 jun 11
VALUATiOn AT 30 jUn 11		$53.1m
VALUEr	COLLiErS	inTErnATiOnAL
CAPiTALiSATiOn rATE		8.50%
DiSCOUnT rATE		9.25%
major tenants	nla sQm	lease eXpiry
BOC GASES	8,993	nov 15
SYnTHES AUSTrALiA	2,355	May16

lease eXpiry proFile % area	lease eXpiry proFile % area
VACAnCY 41.7%	VACAnCY 14.9%
FY12 0.0%	FY12 0.0%
FY13 0.0%	FY13 0.0%
FY14 0.0%	FY14 0.0%
FY15 0.0%	FY15 0.0%
FY16 0.0%	FY16 85.1%
BEYOnD 58.3%	BEYOnD 0.0%
WALE 3.9 YEArS	WALE 10.8 YEArS

==> picture [58 x 58] intentionally omitted <==

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

12 Julius avenue, north ryde, nsw

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

64 Biloela street, villawood, nsw

Description

Located within the riverside Corporate Park, the property comprises two multi-level office buildings and basement parking. The buildings have excellent access to the Lane Cove Tunnel, M2 Motorway and north ryde railway Station.

Description

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

summary inFormation

property Details

OWnErSHiP		100% MPT
nLA		7,037 sqm
CAr SPACES		200
ACQUiSiTiOn DATE		Dec 09
LAST EXTErnAL VALUATiOn	DATE	30 jun 11
VALUATiOn AT 30 jUn 11		$23.4m
VALUEr	COLLiErS	inTErnATiOnAL
CAPiTALiSATiOn rATE		8.50%
DiSCOUnT rATE		9.25%
major tenants	nla sQm	lease eXpiry
rEVLOn AUSTrALiA	2,551	Oct 14
PrAXA LiMiTED	1,165	Feb 16

OWnErSHiP		100% MPT
nLA		22,937 sqm
CAr SPACES		106
ACQUiSiTiOn DATE		Feb 04
LAST EXTErnAL VALUATiOn	DATE	30 jun 11
VALUATiOn AT 30 jUn 11		$19.1m
VALUEr	COLLiErS	inTErnATiOnAL
CAPiTALiSATiOn rATE		10.50%
DiSCOUnT rATE		10.75%
major tenants	nla sQm	lease eXpiry
ViSY inDUSTriAL PLASTiCS	22,937	Sep16

lease eXpiry proFile % area	lease eXpiry proFile % area
VACAnCY 6.5%	VACAnCY 0.0%
FY12 0.0%	FY12 0.0%
FY13 4.5%	FY13 0.0%
FY14 0.0%	FY14 0.0%
FY15 48.4%	FY15 0.0%
FY16 16.6%	FY16 0.0%
BEYOnD 24.0%	BEYOnD 100.0%
WALE 3.8 YEArS	WALE 5.2 YEArS

26 mirvac group ProPerty comPendium

industrial PortFolio

investment

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

1 – 47 Percival road, smithField, nsw

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

nexus industry ParK (Building 1) 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 2002. The two original buildings have undergone partial refurbishment. A new building was completed by Mirvac for Sandvik in june 2010.

Description

Developed by Mirvac, this building was purpose built for Atlas Steel in 2006 and adjoins four other industrial facilities developed on the former Liverpool Showground site. The site has excellent exposure and access to the M5 & M7 Motorway.

property Details

OWnErSHiP		100% MPT
nLA		22,545 sqm
CAr SPACES		207
ACQUiSiTiOn DATE		nov 02
LAST EXTErnAL VALUATiOn DATE		31 Mar 10
VALUATiOn AT 30 jUn 11		$28.1m
VALUEr	DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		8.25%
DiSCOUnT rATE		9.75%
major tenants	nla sQm	lease eXpiry
SAnDViK AUSTrALiA	17,108	jun 22
TYCO FLOW COnTrOL PACiFiC	5,437	Dec 11

property Details

OWnErSHiP		100% MPT
nLA		13,120 sqm
CAr SPACES		125
ACQUiSiTiOn DATE		Aug04
LAST EXTErnAL VALUATiOn	DATE	30 jun 11
VALUATiOn AT 30 jUn 11		$17.9m
VALUEr	COLLiErS	inTErnATiOnAL
CAPiTALiSATiOn rATE		8.25%
DiSCOUnT rATE		9.50%
major tenants	nla sQm	lease eXpiry
ATLAS STEEL (AUST)	13,120	Apr 21

lease eXpiry proFile % area	lease eXpiry proFile % area
VACAnCY 0.0%	VACAnCY 0.0%
FY12 24.1%	FY12 0.0%
FY13 0.0%	FY13 0.0%
FY14 0.0%	FY14 0.0%
FY15 0.0%	FY15 0.0%
FY16 0.0%	FY16 0.0%
BEYOnD 75.9%	BEYOnD 100.0%
WALE 8.5 YEArS	WALE 9.8 YEArS

==> picture [58 x 58] intentionally omitted <==

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

nexus industry ParK (Building 2) lyn Parade, Prestons, nsw

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

nexus industry ParK (Building 3) lyn Parade, Prestons, nsw

Description

Developed by Mirvac, this building was purpose built for natsteel Australia in 2006 and adjoins four other industrial facilities developed on the former Liverpool Showground site. The site has excellent exposure and access to the M5 & M7 Motorway.

Description

Developed by Mirvac, this building was built and subsequently leased to Total Care Transport and De Longhi in 2007 and adjoins four other industrial facilities developed on the former Liverpool Showground site. The site has excellent exposure and access to the M5 & M7 Motorway.

property Details
OWnErSHiP		100% MPT
nLA		9,709 sqm
CAr SPACES		70
ACQUiSiTiOn DATE		Aug04
LAST EXTErnAL VALUATiOn	DATE	31 Mar 11
VALUATiOn AT 30 jUn 11		$12.3m
VALUEr		SAViLLS
CAPiTALiSATiOn rATE		8.50%
DiSCOUnT rATE		9.75%
major tenants	nla sQm	lease eXpiry
nATSTEEL AUSTrALiA	9,709	nov 13

property Details

OWnErSHiP		100% MPT
nLA		17,266 sqm
CAr SPACES		163
ACQUiSiTiOn DATE		Aug04
LAST EXTErnAL VALUATiOn	DATE	30 jun 11
VALUATiOn AT 30 jUn 11		$23.5m
VALUEr	COLLiErS	inTErnATiOnAL
CAPiTALiSATiOn rATE		8.25%
DiSCOUnT rATE		9.50%
major tenants	nla sQm	lease eXpiry
DE’ LOnGHi AUSTrALiA	11,746	Feb 18
TOTAL CArE TrAnSPOrT	5,521	Dec 13

lease eXpiry proFile % area

VACAnCY	0.0%
FY12	0.0%
FY13	0.0%
FY14	32.0%
FY15	0.0%
FY16	0.0%
BEYOnD	68.0%
WALE	5.3	YEArS

VACAnCY	0.0%
FY12	0.0%
FY13	0.0%
FY14	100.0%
FY15	0.0%
FY16	0.0%
BEYOnD	0.0%
WALE	2.4	YEArS

mirvac group ProPerty comPendium

industrial PortFolio

investment

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

nexus industry ParK (Building 5) lyn Parade, Prestons, nsw

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

52 huntingwood drive, huntingwood, nsw

Description

Developed by Mirvac, this building was built and subsequently leased to HPM Legrand Australia in 2008 and adjoins four other industrial facilities developed on the former Liverpool Showground site. The site has excellent exposure and access to the M5 & M7 Motorway.

Description

The property comprises a high clearance, modern distribution warehouse which was specifically designed for Exel Australia in 2000. The property has excellent access to the M4 Motorway.

property Details

summary inFormation

OWnErSHiP 100% MPT	OWnErSHiP 100% MPT
nLA 12,339 sqm	nLA 19,286 sqm
CAr SPACES 103	CAr SPACES 106
ACQUiSiTiOn DATE Aug04	ACQUiSiTiOn DATE Dec 09
LAST EXTErnAL VALUATiOn DATE 31 Dec 10	LAST EXTErnAL VALUATiOn DATE 30 jun 11
VALUATiOn AT 30 jUn 11 $14.8m	VALUATiOn AT 30 jUn 11 $22.0m
VALUEr DirECTOrS VALUATiOn	VALUEr SAViLLS
CAPiTALiSATiOn rATE 8.50%	CAPiTALiSATiOn rATE 8.50%
DiSCOUnT rATE 9.75%	DiSCOUnT rATE 9.75%
major tenants nla sQm lease eXpiry	major tenants nla sQm lease eXpiry
HPM inDUSTriES 12,339 Oct 131	EXEL LOGiSTiCS AUSTrALiA 19,286 Oct 12

lease eXpiry proFile % area	lease eXpiry proFile % area
VACAnCY 0.0%	VACAnCY 0.0%
FY12 0.0%	FY12 0.0%
FY13 0.0%	FY13 100.0%
FY14 100.0%	FY14 0.0%
FY15 0.0%	FY15 0.0%
FY16 0.0%	FY16 0.0%
BEYOnD 0.0%	BEYOnD 0.0%
WALE 2.3 YEArS	WALE 1.3 YEArS

1 TEnAnT TO SUrrEnDEr LEASE AnD rE-LOCATE TO nEXUS inDUSTrY PArK (BUiLDinG 4) On PrACTiCAL COMPLETiOn OF THE DEVELOPMEnT.

==> picture [58 x 58] intentionally omitted <==

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

32 sargents road, minchinBury, nsw

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

54-60 talavera road, north ryde, nsw

Description

The property comprises two high clearance warehouses, purpose built for Star Track Express in 2004 and 2006. The property is located close to the junction of the M4 and M7 Motorways.

Description

Located 16 km north-west of the Sydney CBD and 1 km from Macquarie Park railway Station, the property is positioned at a high profile corner site at the junction of Talavera road and Khartoum road.

summary inFormation

OWnErSHiP 100% MPT	OWnErSHiP 100% MPT
nLA 22,378 sqm	nLA 11,323 sqm
CAr SPACES 202	CAr SPACES 128
ACQUiSiTiOn DATE Dec 09	ACQUiSiTiOn DATE Aug10
LAST EXTErnAL VALUATiOn DATE 30 jun 11	LAST EXTErnAL VALUATiOn DATE 31 Dec 10
VALUATiOn AT 30 jUn 11 $23.5m	VALUATiOn AT 30 jUn 11 $45.5m
VALUEr SAViLLS	VALUEr DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE 8.75%	CAPiTALiSATiOn rATE 7.50%
DiSCOUnT rATE 9.50%	DiSCOUnT rATE 9.50%
major tenants nla sQm lease eXpiry	major tenants nla sQm lease eXpiry
STAr TrACK EXPrESS 22,378 nov 14	WESTPAC 11,323 Apr 25

lease eXpiry proFile % area	lease eXpiry proFile % area
VACAnCY 0.0%	VACAnCY 0.0%
FY12 0.0%	FY12 0.0%
FY13 0.0%	FY13 0.0%
FY14 0.0%	FY14 0.0%
FY15 100.0%	FY15 0.0%
FY16 0.0%	FY16 0.0%
BEYOnD 0.0%	BEYOnD 100.0%
WALE 3.4 YEArS	WALE 13.8 YEArS

30 mirvac group ProPerty comPendium

industrial PortFolio

investment

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

47 — 67 westgate drive, altona north, vic

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

1900 – 2060 Pratt Boulevard, chicago, illinois, usa

Description

Purpose built for Pacific Brands in 1996, the property is located in Melbourne’s western industrial precinct strategically serviced by the major transport routes of the Westgate Freeway, Western ring road and the Princes Freeway.

Description

The Chicago Metropolitan area is the largest industrial market in the USA and this versatile 49,981 sqm 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.

summary inFormation

property Details

OWnErSHiP 100% MPT	OWnErSHiP 100% MPT
nLA 27,081 sqm	nLA 49,981 sqm
CAr SPACES 183	CAr SPACES 1,638
ACQUiSiTiOn DATE Dec 09	ACQUiSiTiOn DATE Dec 07
LAST EXTErnAL VALUATiOn DATE 31 Dec 09	LAST EXTErnAL VALUATiOn DATE 31 Dec 09
VALUATiOn AT 30 jUn 11 $19.1m	VALUATiOn AT 30 jUn 11 $28.9m (AUD)
VALUEr DirECTOrS VALUATiOn	VALUEr DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE 9.75%	CAPiTALiSATiOn rATE 8.00%
DiSCOUnT rATE 10.00%	DiSCOUnT rATE 9.75%
major tenants nla sQm lease eXpiry	major tenants nla sQm lease eXpiry
PACiFiC BrAnDS 27,081 Apr 14	CLEAr LAM PACKAGinG 49,982 Apr 21

lease eXpiry proFile % area	lease eXpiry proFile % area
VACAnCY 0.0%	VACAnCY 0.0%
FY12 0.0%	FY12 0.0%
FY13 0.0%	FY13 0.0%
FY14 100.0%	FY14 0.0%
FY15 0.0%	FY15 0.0%
FY16 0.0%	FY16 0.0%
BEYOnD 0.0%	BEYOnD 100.0%
WALE 2.8 YEArS	WALE 9.8 YEArS

==> picture [58 x 58] intentionally omitted <==

==> picture [567 x 654] intentionally omitted <==

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

hoxton distriBution ParK, hoxton ParK, nsw
----- End of picture text -----

32 mirvac group ProPerty comPendium

retail PortFolio

investment

Broadway shoPPing centre, Broadway, nsw

==> picture [105 x 98] intentionally omitted <==

GRADE DIVERSIFICATION[1]

■	NEIGHBOURHOOD	7.1%
■	CBD RETAIL	9.2%
■	SUB REGIONAL	77.6%
■	BULKY GOODS CENTRE	6.1%

==> picture [104 x 98] intentionally omitted <==

GEOGRAPHIC DIVERSIFICATION[1]

■	NSW	48.4%
■	VIC	18.0%
■	QLD	31.1%
■	ACT	2.5%

1 BY BOOK VALUE AS AT 30 jUnE 2011. EXCLUDES DEVELOPMEnT ASSETS AnD inDirECT PrOPErTY inVESTMEnTS.

==> picture [58 x 58] intentionally omitted <==

			% oF retail
			portFolio	centre	valuation at
property	location	gla	BooK value1	mat2	30 jun 11
Metcentre	Sydney, nSW	6,770 sqm	3.5%	$55m	$59.5m3
Greenwood Plaza	north Sydney, nSW	8,755 sqm	4.5%	$76m	$77.0m3
BroadwayShoppingCentre	Broadway, nSW	50,951 sqm	13.3%	$411m	$227.5m3
rhodes ShoppingCentre	rhodes, nSW	32,838 sqm	6.4%	$185m	$110.0m3
St Marys Village Centre	St Marys, nSW	16,057 sqm	2.5%	$94m	$43.0m
Stanhope Village	Stanhope Gardens, nSW	15,368 sqm	3.9%	$116m	$66.0m
Cherrybrook Village ShoppingCentre	Cherrybrook, nSW	9,492 sqm	4.6%	$116m	$78.5m
Orange CityCentre	Orange, nSW	17,922sqm	2.9%	$75m	$49.5m
ManningMall	Taree, nSW	10,955 sqm	2.0%	$56m	$34.8m
Taree CityCentre	Taree, nSW	15,527 sqm	3.1%	$106m	$53.0m
Ballina Central5	Ballina, nSW	14,183 sqm	1.6%	$61m	$28.0m
Cooleman Court	Weston, ACT	10,670sqm	2.5%	$105m	$43.0m
Logan Megacentre	Logan, QLD	27,026 sqm	3.5%	n/A	$60.5m
Orion Springfeld Town Centre	Springfeld, QLD	32,696 sqm	7.6%	$169m	$130.0m
Hinkler Central	Bundaberg, QLD	20,788 sqm	5.2%	$156m	$89.5m
Kawana Shoppingworld	Buddina, QLD	29,843 sqm	11.9%	$243m	$203.7m
CityCentre Plaza	rockhampton, QLD	14,106 sqm	2.8%	$87m	$48.0m
Como Centre	South Yarra, ViC	6,624 sqm	1.2%	$19m	$20.5m
Gippsland Centre	Sale, ViC	22,776 sqm	2.9%	$120m	$50.3m
WaverleyGardens ShoppingCentre	Mulgrave, ViC	38,139 sqm	7.5%	$180m	$128.0m
Peninsula Lifestyle6	Mornington, ViC	32,135 sqm	2.6%	n/A	$44.0m
Moonee Ponds Central	Moonee Ponds, ViC	18,580 sqm	3.7%	$99m	$64.0m
total		452,201 sqm	100.0%		$1,708.3m1
WeigHteD average lease	eXpiry				6.1 years
occupancy					99.0%

1 BOOK VALUE AS AT 30 jUnE 2011. EXCLUDES DEVELOPMEnT PrOjECTS.

2 12 MOnTHS TO 30 jUnE 2011. in ACCOrDAnCE WiTH SCCA GUiDELinES.

3 BOOK VALUE rEPrESEnTS 50% inTErEST.

4 EXCLUDinG BULKY GOODS CEnTrES, OCCUPAnCY DECrEASES TO 98.9%.

5 COnDiTiOnAL COnTrACT FOr SALE EXCHAnGED POST 30 jUnE 2011.

6 UnCOnDiTiOnAL COnTrACT FOr SALE EXCHAnGED POST 30 jUnE 2011.

34 mirvac group ProPerty comPendium

retail PortFolio

investment

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

metcentre 60 margaret street, sydney, nsw

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

greenwood Plaza, north sydney, nsw

Description

The Metcentre comprises over 75 stores, located in the centre of the Sydney CBD at the base of 60 Margaret Street with a direct pedestrian link to Wynyard railway Station.

Description

Greenwood Plaza is a three level centre at the base of north Sydney’s iconic 101-103 Miller Street. it comprises over 100 retail and service outlets with the ground level retail flowing directly into north Sydney railway Station.

summary inFormation

GrADE		CBD retail
OWnErSHiP		50% MPT, 50% MTAA
GLA		6,770 sqm
CAr SPACES		n/A
ACQUiSiTiOn DATE		Aug98
LAST EXTErnAL VALUATiOn DATE		31 Dec 10
VALUATiOn AT 30 jUn 11		$59.5m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		6.50%
DiSCOUnT rATE		9.25%
CEnTrE MAT		$55m
SPECiALTY OCCUPAnCY COST		21.3%
major tenants	nla sQm	lease eXpiry
WOOLWOrTHS	696	Mar 29
FLOrSHEiM	267	Oct 13

summary inFormation

GrADE		CBD retail
OWnErSHiP		50% MPT, 50% EUrEKA
GLA		8,755 sqm
CAr SPACES		266
ACQUiSiTiOn DATE		jun 94
LAST EXTErnAL VALUATiOn DATE		31 Dec 10
VALUATiOn AT 30 jUn 11		$77.0m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		6.75%
DiSCOUnT rATE		9.25%
CEnTrE MAT		$76m
SPECiALTY OCCUPAnCY COST		19.0%
major tenants	nla sQm	lease eXpiry
GrEEnWOOD HOTEL	856	nov 12
iGA EXPrESS	713	Apr 17

lease eXpiry proFile % area

==> picture [514 x 97] intentionally omitted <==

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

VACAnCY 0.8% VACAnCY 2.5%
FY12 8.7% FY12 10.7%
FY13 10.8% FY13 25.4%
FY14 25.3% FY14 14.1%
FY15 17.0% FY15 7.5%
FY16 10.9% FY16 11.8%
BEYOnD 26.5% BEYOnD 28.0%
WALE 6.2 YEArS WALE 3.4 YEArS
----- End of picture text -----

==> picture [58 x 58] intentionally omitted <==

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

Broadway shoPPing centre, Broadway, nsw

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

rhodes shoPPing centre, rhodes, nsw

Description

This dominant sub regional centre is located on the fringe of the CBD and services the growing catchment of Sydney’s inner city and inner west. The centre was expanded and refurbished in 2007 to add Target and a new fashion level to the existing major tenancies of Kmart, Coles, Bi-LO and rebel Sport.

Description

The centre is co-located with iKEA in the rapidly developing rhodes residential and office precinct. The centre was reconfigured in 2009 to incorporate a Target and improved specialty offer. The centre also has an eight screen reading cinema complex.

summary inFormation

GrADE		Sub regional
OWnErSHiP		50% MPT, 50% Perron
GLA		50,951 sqm
CAr SPACES		1,852
ACQUiSiTiOn DATE		jan 07
LAST EXTErnAL VALUATiOn DATE		30 jun 10
VALUATiOn AT 30 jUn 11		$227.5m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		6.25%
DiSCOUnT rATE		9.00%
CEnTrE MAT		$411m
SPECiALTY OCCUPAnCY COST		14.7%
major tenants	nla sQm	lease eXpiry
KMArT	7,394	Mar 13
HOYTS	4,857	jul 18

GrADE		Sub regional
OWnErSHiP		50% MPT, 50% Perron
GLA		32,838 sqm
CAr SPACES		2,450
ACQUiSiTiOn DATE		jan 07
LAST EXTErnAL VALUATiOn DATE		30 jun 11
VALUATiOn AT 30 jUn 11		$110.0m
VALUEr		SAViLLS
CAPiTALiSATiOn rATE		7.00%
DiSCOUnT rATE		9.25%
CEnTrE MAT		$185m
SPECiALTY OCCUPAnCY COST		14.6%
major tenants	nla sQm	lease eXpiry
TArGET	3,795	nov 24
COLES	3,497	Dec 19

lease eXpiry proFile % area

==> picture [515 x 97] intentionally omitted <==

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

VACAnCY 0.3% VACAnCY 5.8%
FY12 9.7% FY12 10.0%
FY13 32.2% FY13 13.8%
FY14 7.5% FY14 0.8%
FY15 5.1% FY15 18.4%
FY16 5.3% FY16 11.4%
BEYOnD 39.9% BEYOnD 39.8%
WALE 6.2 YEArS WALE 5.9 YEArS
----- End of picture text -----

36 mirvac group ProPerty comPendium

retail PortFolio

investment

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

st marys village centre, st marys, nsw

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

stanhoPe village, stanhoPe gardens, nsw

Description

Located in the western Sydney suburb of St Marys, this sub regional centre comprises Woolworths, Target and over 40 specialty stores. The centre provides convenient shopping over a single level with easily accessible on-grade parking. The centre has a nABErS Energy rating of 4.0 Stars.

Description

Located in the rapidly growing north-west 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 Kmart. The centre is conveniently located adjacent to the area’s busy leisure centre and pool facility. The centre has a nABErS Energy rating of 3.5 Stars.

summary inFormation

GrADE			Sub regional
OWnErSHiP			100% MPT
GLA			16,057 sqm
CAr SPACES			551
ACQUiSiTiOn DATE			jan 03
LAST EXTErnAL VALUATiOn DATE			31 Dec 10
VALUATiOn AT 30 jUn 11			$43.0m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE			7.75%
DiSCOUnT rATE			9.50%
CEnTrE MAT			$94m
SPECiALTY OCCUPAnCY COST			12.1%
major tenants	nla sQm		lease eXpiry
TArGET	8,023		jul 21
WOOLWOrTHS	4,066		nov 15

summary inFormation

GrADE		Sub regional
OWnErSHiP		100% MPT
GLA		15,368 sqm
CAr SPACES		698
ACQUiSiTiOn DATE		nov 03
LAST EXTErnAL VALUATiOn DATE		30 jun 10
VALUATiOn AT 30 jUn 11		$66.0m
VALUEr	DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		7.75%
DiSCOUnT rATE		9.25%
CEnTrE MAT		$116m
SPECiALTY OCCUPAnCY COST		11.5%
major tenants	nla sQm	lease eXpiry
KMArT	5,060	Mar 22
COLES	3,629	nov 18

lease eXpiry proFile % area	lease eXpiry proFile % area
VACAnCY 0.0%	VACAnCY 0.0%
FY12 3.5%	FY12 10.8%
FY13 6.3%	FY13 3.7%
FY14 3.0%	FY14 9.7%
FY15 5.0%	FY15 5.7%
FY16 29.1%	FY16 11.0%
BEYOnD 53.1%	BEYOnD 59.1%
WALE 6.9 YEArS	WALE 6.5 YEArS

==> picture [58 x 58] intentionally omitted <==

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

cherryBrooK village shoPPing centre cherryBrooK, nsw

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

orange city centre, orange, nsw

Description

This single level, neighbourhood centre was originally constructed in 1989 and was extensively refurbished and expanded in 2004. The centre is anchored by a Woolworths supermarket and over 50 specialty tenancies including a strong fresh food precinct.

Description

Orange City Centre is the dominant centre in the strong regional city of Orange. The centre incorporates a Myer department store, a Big W and over 30 speciality stores as well as undercover parking. The centre has a nABErS Energy rating of 4.0 Stars.

summary inFormation

GrADE		Sub regional
OWnErSHiP		100% MPT
GLA		17,922sqm
CAr SPACES		414
ACQUiSiTiOn DATE		Apr 93
LAST EXTErnAL VALUATiOn DATE		30 jun 10
VALUATiOn AT 30 jUn 11		$49.5m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		8.25%
DiSCOUnT rATE		9.25%
CEnTrE MAT		$75m
SPECiALTY OCCUPAnCY COST		11.5%
major tenants	nla sQm	lease eXpiry
BiG W	7,017	nov 26
MYEr	6,858	nov 16

GrADE		neighbourhood
OWnErSHiP		100% MPT
GLA		9,492 sqm
CAr SPACES		474
ACQUiSiTiOn DATE		Dec 09
LAST EXTErnAL VALUATiOn DATE		30 jun 11
VALUATiOn AT 30 jUn 11		$78.5m
VALUEr	COLLiErS	inTErnATiOnAL
CAPiTALiSATiOn rATE		7.50%
DiSCOUnT rATE		9.50%
CEnTrE MAT		$116m
SPECiALTY OCCUPAnCY COST		14.1%
major tenants	nla sQm	lease eXpiry
WOOLWOrTHS	3,832	Mar 25
MArTELLi’S FrUiT MArKET	679	Aug14

lease eXpiry proFile % area

==> picture [515 x 98] intentionally omitted <==

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

VACAnCY 0.4% VACAnCY 0.0%
FY12 10.8% FY12 1.1%
FY13 17.6% FY13 2.9%
FY14 1.7% FY14 9.0%
FY15 19.0% FY15 3.2%
FY16 7.9% FY16 2.7%
BEYOnD 42.6% BEYOnD 81.1%
WALE 7.0 YEArS WALE 8.8 YEArS
----- End of picture text -----

38 mirvac group ProPerty comPendium

retail PortFolio

investment

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

manning mall, taree, nsw

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

taree city centre, taree, nsw

Description

Manning Mall is located approximately 300 km north of Sydney in the main retail street of Taree. The centre was extended and refurbished in 2009 to include a new Target store and a Coles supermarket. The centre is opposite Taree City Centre, providing a dominant retail presence in this strong regional town.

Description

Taree City Centre is a single level, sub regional shopping centre. Constructed in 1997, the centre comprises a Woolworths supermarket, Big W, over 40 specialty tenancies and is located adjacent to Mirvac’s Manning Mall.

summary inFormation

GrADE		Sub regional
OWnErSHiP		100% MPT
GLA		10,955 sqm
CAr SPACES		420
ACQUiSiTiOn DATE		Dec 06
LAST EXTErnAL VALUATiOn DATE		31 Dec 09
VALUATiOn AT 30 jUn 11		$34.8m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		8.50%
DiSCOUnT rATE		9.50%
CEnTrE MAT		$56m
SPECiALTY OCCUPAnCY COST		9.9%
major tenants	nla sQm	lease eXpiry
COLES	3,650	Sep24
TArGET	3,500	nov 18

summary inFormation

GrADE		Sub regional
OWnErSHiP		100% MPT
GLA		15,527 sqm
CAr SPACES		930
ACQUiSiTiOn DATE		Dec 09
LAST EXTErnAL VALUATiOn DATE		30 jun 11
VALUATiOn AT 30 jUn 11		$53.0m
VALUEr	COLLiErS	inTErnATiOnAL
CAPiTALiSATiOn rATE		8.13%
DiSCOUnT rATE		9.50%
CEnTrE MAT		$106m
SPECiALTY OCCUPAnCY COST		10.1%
major tenants	nla sQm	lease eXpiry
BiG W	6,583	Mar 17
WOOLWOrTHS	3,919	Mar 17

lease eXpiry proFile % area	lease eXpiry proFile % area
VACAnCY 3.5%	VACAnCY 0.0%
FY12 3.6%	FY12 7.3%
FY13 1.7%	FY13 2.8%
FY14 8.1%	FY14 11.5%
FY15 8.0%	FY15 2.0%
FY16 5.5%	FY16 3.9%
BEYOnD 69.6%	BEYOnD 72.5%
WALE 7.8 YEArS	WALE 4.8 YEArS

==> picture [58 x 58] intentionally omitted <==

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

Ballina central, Ballina, nsw[ 1]

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

cooleman court, weston, act

Description

Opened in May 2006, this sub regional centre includes Big W, Supa iGA, over 20 specialty stores, a freestanding Hungry jacks and a Woolworths Petrol outlet. Ballina is the main coastal town on the far north coast of nSW.

Description

Cooleman Court was redeveloped in 2009 to include a new Aldi store and second retail level to the existing anchors of Woolworths and Target Country. The centre has over 35 specialty shops.

summary inFormation

GrADE		Sub regional
OWnErSHiP		100% MPT
GLA		14,183 sqm
CAr SPACES		606
ACQUiSiTiOn DATE		Dec 04
LAST EXTErnAL VALUATiOn DATE		30 jun 11
VALUATiOn AT 30 jUn 11		$28.0m
VALUEr	COLLiErS	inTErnATiOnAL
CAPiTALiSATiOn rATE		8.75%
DiSCOUnT rATE		9.50%
CEnTrE MAT		$61m
SPECiALTY OCCUPAnCY COST		14.9%
major tenants	nla sQm	lease eXpiry
BiG W	7,412	May26
riTCHiES SUPA iGA	3,761	jun 26

GrADE		neighbourhood
OWnErSHiP		100% MPT
GLA		10,670 sqm
CAr SPACES		497
ACQUiSiTiOn DATE		Dec 09
LAST EXTErnAL VALUATiOn DATE		30 jun 10
VALUATiOn AT 30 jUn 11		$43.0m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		7.75%
DiSCOUnT rATE		9.50%
CEnTrE MAT		$105m
SPECiALTY OCCUPAnCY COST		11.9%
major tenants	nla sQm	lease eXpiry
WOOLWOrTHS	3,102	Aug13
ALDi FOODS	1,400	jan 19

lease eXpiry proFile % area	lease eXpiry proFile % area	lease eXpiry proFile % area
VACAnCY 2.2%		VACAnCY 3.0%
FY12 2.5%		FY12 4.8%

FY13 0.3%		FY13 10.8%
FY14 1.8%		FY14 31.5%
FY15 0.7%		FY15 8.6%
FY16 3.0%		FY16 10.5%
BEYOnD 89.5%		BEYOnD 30.8%
WALE 12.9 YEArS		WALE 3.7 YEArS

1 COnDiTiOnAL COnTrACT FOr SALE EXCHAnGED POST 30 jUnE 2011.

40 mirvac group ProPerty comPendium

retail PortFolio

investment

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

logan megacentre, logan, Qld

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

orion sPringField town centre,

sPringField, Qld

Description

Opened in March 2007, the centre is the premier homemaker facility for Brisbane’s growing south-west corridor. Co-located with iKEA, the centre has excellent exposure to the M1 Motorway. The centre has a nABErS Energy rating of 4.0 Stars.

Description

Located in Brisbane’s rapidly growing south-western corridor, the centre was opened in March 2007 and includes Woolworths, Big W and over 100 specialty stores. This town centre sets a new benchmark in environmentally sustainable initiatives. The centre has achieved a 6 Star GreenStar rating. Planning for future stages is underway.

summary inFormation

GrADE		Sub regional
OWnErSHiP		100% MPT
GLA		32,696 sqm
CAr SPACES		2,091
ACQUiSiTiOn DATE		Aug02
LAST EXTErnAL VALUATiOn DATE		31 Dec 10
VALUATiOn AT 30 jUn 11		$130.0m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		6.75%
DiSCOUnT rATE		9.25%
CEnTrE MAT		$169m
SPECiALTY OCCUPAnCY COST		15.0%
major tenants	nla sQm	lease eXpiry
BiG W	8,198	Mar 27
WOOLWOrTHS	4,321	Mar 27

GrADE		BulkyGoods Centre
OWnErSHiP		100% MPT
GLA		27,026 sqm
CAr SPACES		600
ACQUiSiTiOn DATE		Oct 05
LAST EXTErnAL VALUATiOn DATE		31 Dec 10
VALUATiOn AT 30 jUn 11		$60.5m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		9.25%
DiSCOUnT rATE		10.25%
CEnTrE MAT		n/A
SPECiALTY OCCUPAnCY COST		n/A
major tenants	nla sQm	lease eXpiry
SPOTLiGHT	3,509	Sep17
AnACOnDA	3,425	Mar 17

lease eXpiry proFile % area

==> picture [513 x 97] intentionally omitted <==

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

VACAnCY 0.0% VACAnCY 0.3%
FY12 7.8% FY12 21.9%
FY13 2.4% FY13 8.3%
FY14 17.3% FY14 7.2%
FY15 12.6% FY15 5.3%
FY16 0.8% FY16 3.9%
BEYOnD 59.1% BEYOnD 53.1%
WALE 4.5 YEArS WALE 7.9 YEArS
----- End of picture text -----

==> picture [58 x 58] intentionally omitted <==

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

hinKler central, BundaBerg, Qld

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

Kawana shoPPingworld, Buddina, Qld

Description

Located in the strong regional centre of Bundaberg, the centre comprises Woolworths, Coles, Kmart and over 75 specialty stores. On site parking is provided for 1,070 vehicles including 770 basement level bays.

Description

Located on Queensland’s Sunshine Coast, this dominant centre comprises Woolworths, Big W, Bi-LO and over 100 specialties stores. Planning is underway for further centre expansion.

summary inFormation

GrADE		Sub regional
OWnErSHiP		100% MPT
GLA		20,788 sqm
CAr SPACES		1,070
ACQUiSiTiOn DATE		Aug03
LAST EXTErnAL VALUATiOn DATE		31 Mar 11
VALUATiOn AT 30 jUn 11		$89.5m
VALUEr		CB riCHArD ELLiS
CAPiTALiSATiOn rATE		7.75%
DiSCOUnT rATE		9.50%
CEnTrE MAT		$156m
SPECiALTY OCCUPAnCY COST		11.3%
major tenants	nla sQm	lease eXpiry
KMArT	6,224	jul 15
WOOLWOrTHS	3,548	Mar 20

GrADE		Sub regional
OWnErSHiP		100% MPT
GLA		29,843 sqm
CAr SPACES		1,720
ACQUiSiTiOn DATE	Dec	93 (50%) jun 98 (50%)
LAST EXTErnAL VALUATiOn DATE		30 jun 10
VALUATiOn AT 30 jUn 11		$203.7m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		6.75%
DiSCOUnT rATE		9.25%
CEnTrE MAT		$243m
SPECiALTY OCCUPAnCY COST		13.0%
major tenants	nla sQm	lease eXpiry
BiG W	8,383	jun 21
WOOLWOrTHS	3,648	nov 14

lease eXpiry proFile % area	lease eXpiry proFile % area
VACAnCY 1.1%	VACAnCY 0.1%
FY12 12.4%	FY12 5.2%
FY13 4.2%	FY13 3.9%
FY14 6.9%	FY14 3.4%
FY15 17.4%	FY15 25.6%
FY16 36.6%	FY16 14.6%
BEYOnD 21.4%	BEYOnD 47.2%
WALE 4.1 YEArS	WALE 5.7 YEArS

42 mirvac group ProPerty comPendium

retail PortFolio

investment

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

city centre Plaza, rocKhamPton, Qld

Description

City Centre Plaza is situated on the fringe of rockhampton’s CBD. The single level sub regional shopping centre was modernised and upgraded during 2008. The centre is anchored by a Target store and a Coles supermarket with over 35 specialty shops.

summary inFormation

GrADE		Sub regional
OWnErSHiP		100% MPT
GLA		14,106 sqm
CAr SPACES		495
ACQUiSiTiOn DATE		Dec 09
LAST EXTErnAL VALUATiOn DATE		30 jun 11
VALUATiOn AT 30 jUn 11		$48.0m
VALUEr		KniGHT FrAnK
CAPiTALiSATiOn rATE		8.00%
DiSCOUnT rATE		9.75%
CEnTrE MAT		$87m
SPECiALTY OCCUPAnCY COST		12.2%
major tenants	nla sQm	lease eXpiry
TArGET	6,910	jul 15
COLES	3,670	Oct 13

lease eXpiry proFile % area

VACAnCY	0.0%
FY12	5.6%
FY13	2.8%
FY14	31.1%
FY15	4.0%
FY16	56.5%
BEYOnD	0.0%
WALE	3.3	YEArS

==> picture [58 x 58] intentionally omitted <==

orion sPringField town centre, sPringField, Qld

44 mirvac group ProPerty comPendium

retail PortFolio

investment

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

como centre, south yarra, vic

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

giPPsland centre, sale, vic

Description

Como Centre is a mixed use office, retail and hotel complex, with the retail component comprising over 35 specialty stores and an Art House cinema. The centre is located on the popular retail strip of Chapel Street, Melbourne.

Description

Located in the heart of Sale’s CBD, some 260 kms east of Melbourne, the Gippsland Centre includes Coles, Safeway, Target and over 35 specialty stores with abundant on-grade parking. The centre has a nABErS Energy rating of 4.0 stars.

summary inFormation

GrADE		CBD retail
OWnErSHiP		100% MPT
GLA		6,624 sqm
CAr SPACES		632
ACQUiSiTiOn DATE		Aug98
LAST EXTErnAL VALUATiOn DATE		30 jun 11
VALUATiOn AT 30 jUn 11		$20.5m
VALUEr		CB riCHArD ELLiS
CAPiTALiSATiOn rATE		8.00%
DiSCOUnT rATE		9.50%
CEnTrE MAT		$19m
SPECiALTY OCCUPAnCY COST		12.5%
major tenants	nla sQm	lease eXpiry
CinEMA COMO	1,911	Feb 20
ECO HAir PrODUCTS	538	Oct 13

summary inFormation

GrADE		Sub regional
OWnErSHiP		100% MPT
GLA		22,776 sqm
CAr SPACES		1,066
ACQUiSiTiOn DATE		jan 94
LAST EXTErnAL VALUATiOn DATE		30 jun 10
VALUATiOn AT 30 jUn 11		$50.3m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		8.25%
DiSCOUnT rATE		9.50%
CEnTrE MAT		$120m
SPECiALTY OCCUPAnCY COST		12.0%
major tenants	nla sQm	lease eXpiry
TArGET	7,778	jul 20
AUSTrALiAn SAFEWAY	3,362	nov 27

lease eXpiry proFile % area	lease eXpiry proFile % area
VACAnCY 0.0%	VACAnCY 0.0%
FY12 5.8%	FY12 2.6%
FY13 13.4%	FY13 5.0%
FY14 16.8%	FY14 21.7%
FY15 24.2%	FY15 9.6%
FY16 3.5%	FY16 3.3%
BEYOnD 36.3%	BEYOnD 57.8%
WALE 4.6 YEArS	WALE 7.1 YEArS

==> picture [58 x 58] intentionally omitted <==

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

waverley gardens shoPPing centre, mulgrave, vic

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

Peninsula liFestyle, mornington, vic[ 1]

Description

Waverley Gardens Shopping Centre 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 & Less and over 115 specialty stores.

Description

Completed in 2005, this 32,000 sqm bulky goods centre services the growing region of the Mornington Peninsula. The centre is anchored by Clive Peeters and Fantastic Furniture.

summary inFormation

GrADE		Sub regional
OWnErSHiP		100% MPT
GLA		38,139 sqm
CAr SPACES		2,200
ACQUiSiTiOn DATE		nov 02
LAST EXTErnAL VALUATiOn DATE		30 jun 10
VALUATiOn AT 30 jUn 11		$128.0m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		7.75%
DiSCOUnT rATE		9.25%
CEnTrE MAT		$180m
SPECiALTY OCCUPAnCY COST		15.0%
major tenants	nla sQm	lease eXpiry
TArGET	6,796	jun 20
BiG W	6,770	Mar 27

GrADE		BulkyGoods Centre
OWnErSHiP		100% MPT
GLA		32,135 sqm
CAr SPACES		852
ACQUiSiTiOn DATE		Dec 03
LAST EXTErnAL VALUATiOn DATE		31 Dec 10
VALUATiOn AT 30 jUn 11		$44.0m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		9.75%
DiSCOUnT rATE		10.25%
CEnTrE MAT		n/A
SPECiALTY OCCUPAnCY COST		n/A
major tenants	nla sQm	lease eXpiry
CLiVE PEETErS	3,203	Aug17
FAnTASTiC FUrniTUrE	2,280	Aug12

lease eXpiry proFile % area	lease eXpiry proFile % area
VACAnCY 0.0%	VACAnCY 0.0%
FY12 8.2%	FY12 14.0%
FY13 6.9%	FY13 13.2%
FY11 3.8%	FY14 22.1%
FY15 6.4%	FY15 19.8%
FY16 10.7%	FY16 20.9%
BEYOnD 64.0%	BEYOnD 10.0%
WALE 7.6 YEArS	WALE 3.0 YEArS

1 UnCOnDiTiOnAL COnTrACT FOr SALE EXCHAnGED POST 30 jUnE 2011.

46 mirvac group ProPerty comPendium

retail PortFolio

investment

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

moonee Ponds central, moonee Ponds, vic

Description

Moonee Ponds Central is a sub regional centre located 7 km north of the Melbourne CBD and is adjacent to the busy Puckle Street retail strip. A second stage was added to the centre on an adjacent site in March 2009. The centre now offers a Kmart, Coles, discount liquor retailer and over 60 specialty stores.

summary inFormation

GrADE		Sub regional
OWnErSHiP		100% MPT
GLA		18,580 sqm
CAr SPACES		914
ACQUiSiTiOn DATE		May03 & Feb 08
LAST EXTErnAL VALUATiOn	DATE	30 jun 10
VALUATiOn AT 30 jUn 11		$64.0m
VALUEr		DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		7.75% – $8.50%
DiSCOUnT rATE		9.50% – $9.75%
CEnTrE MAT		$99m
OCCUPAnCY COST		14.7%
major tenants	nla sQm	lease eXpiry
KMArT	4,728	Mar 24
COLES	4,000	May12

lease eXpiry proFile % area

VACAnCY	4.1%
FY12	22.8%
FY13	2.4%
FY14	8.2%
FY15	8.1%
FY16	14.1%
BEYOnD	40.3%
WALE	5.7	YEArS

hotel PortFolio

==> picture [58 x 58] intentionally omitted <==

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

OWnErSHiP	100% MPT
nO OF rOOMS	107
OCCUPAnCY	73.0%
AVErAGE rOOM rATE	$238
STAr rATinG	5 star
ACQUiSiTiOn DATE	Aug98
LAST EXTErnAL VALUATiOn DATE	30 jun 11
VALUATiOn AT 30 jUn 11	$25.0m
VALUEr	CB riCHArD ELLiS
CAPiTALiSATiOn rATE	8.00%
DiSCOUnT rATE	10.00%

property	location	oWnersHip	rooms	BooK value
The Como Melbourne	South Yarra, ViC	100% MPT	107	$25.0m1
total			107	$25.0m

1 BOOK VALUE AS AT 30 jUnE 2011. EXCLUDES FF&E.

48 mirvac group ProPerty comPendium

ParKing PortFolio

investment

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

Quay west car ParK

109 – 111 harrington street, sydney, nsw

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

como centre car ParK chaPel street, south yarra, vic

Description

An eight level commercial car park comprising 600 spaces, the property is located under Quay West Suites in The rocks area and close to the financial district of the Sydney CBD and several 5 star hotels. Two retail outlets are also incorporated at street level.

Description

A multi-level car park comprising 615 spaces servicing the Como Centre complex including office, hotel, cinemas and retail.

property Details

OWnErSHiP 100% MPT	OWnErSHiP 100% MPT
nUMBEr OF BAYS 600	nUMBEr OF BAYS 615
ACQUiSiTiOn DATE nov 89	ACQUiSiTiOn DATE Aug98
LAST EXTErnAL VALUATiOn DATE 30 jun 11	LAST EXTErnAL VALUATiOn DATE 30 jun 11
VALUATiOn AT 30 jUn 11 $29.2m	VALUATiOn AT 30 jUn 11 $20.8
VALUEr CB riCHArD ELLiS	VALUEr CB riCHArD ELLiS
CAPiTALiSATiOn rATE 8.50%	CAPiTALiSATiOn rATE 8.75%
DiSCOUnT rATE 10.00%	DiSCOUnT rATE 9.75%

==> picture [58 x 58] intentionally omitted <==

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

riverside Quay car ParK, southBanK, vic

Description

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

property Details

OWnErSHiP		100% MPT
nUMBEr OF BAYS		560
ACQUiSiTiOn DATE		Apr 02
LAST EXTErnAL VALUATiOn DATE		30 jun 10
VALUATiOn AT 30 jUn 11		$20.0m
VALUEr	DirECTOrS VALUATiOn
CAPiTALiSATiOn rATE		8.25%
DiSCOUnT rATE		10.25%

					% oF parKing
					portFolio
property	location	oWnersHip	type	car spaces	BooK value	BooK value
QuayWest	Sydney, nSW	100% MPT	Commercial	600	41.7%	$29.2m
The Como Centre	South Yarra, ViC	100% MPT	Commercial/retail	615	29.7%	$20.8m
riverside Quay	Southbank, ViC	100% MPT	Commercial	560	28.6%	$20.0m
total				1,775	100.0%	$70.0m

50 mirvac group ProPerty comPendium

investment management

WHolesale FunDs unDer management $1.2 Billion FunDs

mirvac wholesale hotel Fund travelodge grouP mirvac wholesale residential develoPment PartnershiP

retail FunDs unDer management $55.0 million[ 1]

unlisteD

mirvac develoPment Fund – seascaPes mirvac develoPment Fund – meadow sPrings

joint ventures 2,3	FunDs unDer management $2.8 Billion
australian – FunDs	international – FunDs
JF inFrastructure yield Fund	Quadrant Fund4
australian sustainaBle Forestry investors	caliFornia community mortgage4
new zealand sustainaBle Forestry investors	institutional commercial mortgage Fund no 54
JF inFrastructure sustainaBle eQuity Fund

international – manDates

Quadrant real estate advisors health suPer Pty ltd

1 EXCLUDES MirVAC inDUSTriAL TrUST.

2 FiGUrES QUOTED ArE AFTEr ADjUSTMEnTS FOr jOinT VEnTUrE inTErESTS.

3 MirVAC iS A 50 PEr CEnT OWnEr OF THE MAnAGEMEnT EnTiTY.

4 FUnDS MAnAGED BY QUADrAnT rEAL ESTATE ADViSOrS.

investment management / wholesale

==> picture [58 x 58] intentionally omitted <==

mirvac WHolesale Hotel FunD

Focus	Fum ($m) 1	no oF investors
Wholesale	539.0	5

Mirvac Wholesale Hotel Fund was launched in 2007 and is an open-ended wholesale fund with total investor equity of $341 million and a portfolio of seven hotels located in Sydney, Melbourne, Brisbane and Cairns. Total value of the portfolio is $527.4 million.

The Fund’s portfolio consists of four hotels acquired from the Carlton Hotel Group in 2007, together with the Marriott Hotel Sydney and a 50 per cent interest in The Sebel Cairns, both of which were acquired from Mirvac in june 2007.

The Fund acquired the Courtyard by Marriott Hotel at north ryde for $31 million in August 2009, reflecting a 10 per cent passing yield.

All seven hotels are of a 4 to 5 star standard and provide a total of 2,024 rooms.

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

traveloDge group

Focus	Fum ($m) 1	no oF investors
Wholesale	414.4	2

The Travelodge Group is a sector specific wholesale fund established in March 2005 and focuses on the 3 to 3.5 star hotel market in Australia and new Zealand. The portfolio comprises 13 hotels and 2,048 rooms with a value of $391.1 million all of which are leased to Value Lodging Pty Limited, a subsidiary of Toga Hospitality.

Details of the Travelodge Group’s investment portfolio are available from www.mirvac.com/travelodge-group.

mirvac WHolesale resiDential Development partnersHip

Focus	Fum ($m) 2,3	enD value ($m) 3	no oF investors
Wholesale	287.5	2,022	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 comprised 2,287 lots and 1,167 medium density units.

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

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

1 SUBjECT TO FinAL AUDiT AnD BOArD APPrOVAL. 2 THE FUM nUMBEr rEPrESEnTS COnTriBUTED EQUiTY. 3 FUM AnD EnD VALUE ArE FOrECAST TO 30 jUnE 2011.

52 mirvac group ProPerty comPendium

investment management / listed – retail[ 1]

unlisted – retail

mirvac Development FunDs — seascapes & meaDoW springs

Focus	Fum ($m) 2	no oF investors
retail	55.0	439

At 30 june 2011, Mirvac investment Management had two active unlisted funds with approximately $55.0 million under management. Details of the unlisted fund portfolio are available from www.mirvac.com/investmentmanagement.

1 EXCLUDES MirVAC inDUSTriAL TrUST. 2 SUBjECT TO FinAL AUDiT AnD BOArD APPrOVAL.

investment management / Jv australia

==> picture [58 x 58] intentionally omitted <==

jF inFrastructure

Focus	Fum ($m) 1,3	no oF investors
Wholesale	153.0	40

jF infrastructure (“jFi”) is a 50/50 joint venture between Mirvac and Leighton Holdings Limited.

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 Brisbane2.
	33.3% equity interest in BAC Airports Group, which benefcially
	owns Bankstown and Camden Airports in Sydney.
	22.4% equity interest in jF Stadium Trusts which are the owners
jF infrastructure Yield Fund	of Etihad Stadium, Melbourne.	$73.0m 3,4
	20,552 hectares of freehold forestry land in Victoria,
Australian Sustainable Forestry investors	South Australia and Western Australia.
	Assets in new Zealand Sustainable Forestry investors Fund (forest land and
new Zealand Sustainable Forestryinvestors	standingtimber) was sold on 29 june 2011	$72.1m 1,4,5
	Holds an equity investment in Australian Sustainable Forestry investors
jF infrastructure Sustainable EquityFund	(assets as above).	$8.0m
total WHolesale FunDs		$153.0m

1 SUBjECT TO FinAL AUDiT AnD BOArD APPrOVAL.

2 THE SALE OF inTErnATiOnAL PArKinG GrOUP WAS COMPLETED On 15 AUGUST 2011. 3 BEFOrE ADjUSTinG FOr jOinT VEnTUrE inTErESTS.

4 LATEST inDEPEnDEnT VALUATiOn 30 jUnE 2011.

5 BEFOrE ADjUSTinG FOr ‘SALE ADjUSTMEnT’ in nZ SFi.

54 mirvac group ProPerty comPendium

investment management / Jv international

QuaDrant real estate aDvisors

Focus	Fum ($m) 1,2
Wholesale funds	$71.0
Mandates	$5,380.1

Quadrant real Estate Advisors, LLC has offices in the United States (Atlanta, Georgia) and in Sydney. Quadrant provides institutional investors a full range of commercial real estate advisory services across the public and private, debt and equity sectors. As at 30 june 2011, Quadrant has approximately A$5.5 billion[ 2] of commercial and multi-family real estate assets under management.

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

Clients include:

Health Super Pty Limited
California Public Employees’ retirement System (“CalPErS”)
AXA – Equitable Life
Colorado Public Employees retirement Association
Minnesota State Board of investment

Quadrant’s strategy is to continue to develop leading public and private real estate investment products which provide access to targeted sectors of the US and Australian income producing commercial and multi-family real estate markets.

==> picture [222 x 136] intentionally omitted <==

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

ASSETS UNDER MANAGEMENT
(by fund type) [1]
■ SEPARATE MANDATES 99%
■ WHOLESALE FUNDS 1%
----- End of picture text -----

ASSETS	UNDER MANAGEMENT (by property type)
	■COMMERCIAL 42%
	■MULTI-FAMILY 19%
	■RETAIL 14%
	■OTHER 13%
	■INDUSTRIAL 8%
	■HOTELS 4%

==> picture [49 x 88] intentionally omitted <==

1 AUD/USD EXCHAnGE rATE OF 1.0739. 2 BEFOrE ADjUSTinG FOr jOinT VEnTUrE inTErESTS.

==> picture [58 x 58] intentionally omitted <==

==> picture [567 x 654] intentionally omitted <==

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

Quay west resort, BunKer Bay, wa
----- End of picture text -----

56 mirvac group ProPerty comPendium

hotel PortFolio

Hotel management portFolio

Hotel management portFolio
		no oF
property	state	rooms	oWnersHip
nsW
QuayGrand Suites Sydney	nSW	65	Strata/Management Lot
QuayWest Suites Sydney	nSW	102	Strata/Management Lot
The Sebel Pier One Sydney	nSW	160	Managed
SydneyMarriott Hotel	nSW	241	Managed
The Sebel residence Chatswood	nSW	58	Strata/Management Lot
The Sebel SurryHills Sydney	nSW	270	Managed
The Sebel Kirkton Park Hunter Valley	nSW	71	Managed
The Sebel newcastle Beach	nSW	88	100% Owned
The Sebel resort & Spa HawkesburyValley	nSW	105	Managed
The Sebel Harbourside Kiama	nSW	83	Managed/Strata
The Sebel ManlyBeach	nSW	82	Strata/Management Lot
QuayWest resort Magenta Shores	nSW	100	Strata/Management Lot
Citigate Central Sydney	nSW	255	Managed
The Sebel Parramatta	nSW	194	Managed
Harbour rocks Hotel	nSW	55	Managed
Citigate Mount Panorama Bathurst	nSW	118	Managed
Q Station SydneyHarbour national Park	nSW	79	Managed
vic
The Como Melbourne	ViC	107	100% Owned
QuayWest Suites Melbourne	ViC	104	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	137	Managed
The Sebel Albert Park Melbourne	ViC	242	Managed
Hotel Lindrum	ViC	59	Managed
QuayWest resort & Spa Falls Creek	ViC	63	Managed/Strata
The Sebel DeepBlue Warrnambool	ViC	80	Managed
QlD
QuayWest Suites Brisbane	QLD	57	Strata/Management Lot
The Sebel Suites Brisbane	QLD	164	Strata/Management Lot
The Sebel Cairns	QLD	321	Managed
The Sebel Maroochydore	QLD	55	Strata/Management Lot
Sea Temple resort & Spa Palm Cove	QLD	79	Strata/Management Lot
The Sebel resort noosa	QLD	76	Strata/Management Lot
Sea Temple resort & Spa Port Douglas	QLD	136	Strata/Management Lot
Citigate KingGeorge Square Brisbane	QLD	228	Managed
The Sebel KingGeorge Square Brisbane	QLD	210	Managed
Cairns Harbour Lights	QLD	94	Strata/Management Lot
Wa
QuayWest resort Bunker Bay	WA	150	Strata/Management Lot
The Sebel residence East Perth	WA	57	Managed
Citigate Perth	WA	277	Managed
The Sebel Mandurah	WA	89	100% Owned

==> picture [58 x 58] intentionally omitted <==

		no oF
property	state	rooms	oWnersHip
sa
The Sebel Playford Adelaide	SA	182	Franchise
tas
The Sebel Launceston	TAS	51	Managed
nZ
QuayWest Suites Auckland	nZ	53	Strata/Management Lot
The Sebel Suites Auckland	nZ	125	Strata/Management Lot
The Sebel TrinityWharf Tauranga	nZ	122	Managed
total numBer oF rooms at 30 june 2011		5,840

Future Hotels

		no oF
property name	state	rooms	opening
The Sebel Leighton Beach Perth	WA	50	FY16
Sea Temple Surfers Paradise	QLD	120	FY12

GEOGRAPHIC DIVERSIFICATION (BY HOTEL ROOMS)

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

■ NSW 36.4%
■ VIC 20.4%
■ QLD 24.3%
■ WA 9.8%
■ SA 3.1%
■ TAS 0.9%
■ NZ 5.1%
----- End of picture text -----

OWNERSHIP DIVERSIFICATION (BY HOTEL ROOMS)

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

■ STRATA 27.6%
■ MANAGED 64.4%
■ OWNED 4.9%
■ FRANCHISE 3.1%
----- End of picture text -----

58 mirvac group ProPerty comPendium

develoPment

residential develoPment 21,557 lots

60 mirvac group ProPerty comPendium

residential develoPment

resiDential pipeline

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

FORECAST REVENUE
----- End of picture text -----

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

■ NSW 26.2%
■ VIC 28.8%
■ QLD 24.6%
■ WA 20.4%
$9.4 BILLION
LOTS UNDER CONTROL
■ NSW 22.2%
■ VIC 37.7%
■ QLD 19.0%
■ WA 21.1%
21,557 LOTS
----- End of picture text -----

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resiDential Forecast revenue

MIRVAC SHARE FORECAST REVENUE

■ NSW 29.0% ■ VIC 24.8% ■ QLD 27.2% ■ WA 19.0%

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$7.7 BILLION

HOUSE AND LAND

APARTMENTS

■ NSW 24.5% ■ NSW 33.1% ■ VIC 26.4% ■ VIC 23.3% ■ QLD 22.8% ■ QLD 31.3% ■ WA 26.3% ■ WA 12.3%

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

$3.7 BILLION $4.0 BILLION
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62 mirvac group ProPerty comPendium

residential develoPment

neW soutH Wales

==> picture [569 x 654] intentionally omitted <==

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

residential estate
aPartments
mixed GILLIESTON
402 LOTS
FLETCHER
268 LOTS
THE ROYAL, NEWCASTLE
167 LOTS
NEWBURY, STANHOPE
1,749 LOTS
CHELSEA GARDENS, CASTLE HILL
63 LOTS
CHATSWOOD, ERA
295 LOTS
RHODES WATERSIDERHODES SYDNEY CBD
933 LOTS
HAROLD PARK, GLEBE
HOXTON PARK 1,211 LOTS
223 LOTS ENDEAVOUR 88
MIDDLETON GRANGE SOUTH COOGEE
723 LOTS ASHGROVE, AUBURN 141 LOTS
263 LOTS
PANORAMA, GLENFIELD
768 LOTS NEW BRIGHTON GOLF COURSE,
NEW BRIGHTON
257 LOTS
ELIZABETH HILLS
649 LOTS
SPRING FARM
427 LOTS
----- End of picture text -----

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

era PaciFic Place, chatswood, nsw
----- End of picture text -----

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MIRVAC SHARE FORECAST REVENUE $2.2 BILLION

■	HOUSES/LAND	40.2%
■	APARTMENTS	59.8%

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LOTS UNDER CONTROL 4,785

■ HOUSES / LAND 58.2% ■ APARTMENTS 41.8%

64 mirvac group ProPerty comPendium

residential develoPment / in Progress

neW soutH Wales

			project
	acQuisition		value	total				settlement Date1
property	Date	location	(incl. gst)	lots	releaseD	eXcHangeD	settleD	From	to
tHe royal	jun 07	newcastle	$154m	167	167	136	129
Stage 1A			$87m	94	94	77	73	Apr 10	Apr 14
Stage 1B			$67m	73	73	59	56	Apr 10	Apr 14
rHoDes WatersiDe
mWrDp	jan 073	rhodes	$644m	933	933	704	478
Completed Stages			$170m	259	259	259	259	May08	May10
Stage 4 Amarco			$145m	222	222	219	219	Dec 09	May12
Stage 5 Pinnacle			$170m	231	231	45	0	Oct 13	Aug14
Stage 8 Elinya			$73m	107	107	95	0	jul 11	jan 12
Stage 9 Waters Edge			$86m	114	114	86	0	Mar 12	Sep13
enDeavour 88	Apr 03	Coogee	$214m	141	141	140	32
Stage 2			$50m	35	35	34	32	Mar 11	july11
Stage 3			$69m	46	46	46	0	july11	Oct 11
Stage 4			$48m	31	31	31	0	nov 11	Mar 12
Stage 5			$47m	29	29	29	0	Mar 12	jun 12
cHatsWooD, era	jun 08	Chatswood	$289m	295	295	273	0	May14	Apr 15
HarolD parK
precinct 1	Dec 105	inner West	$260m	296	0 4	0	0	Feb 14	jul 14

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.

5 DATE OPTiOn EnTErED inTO, SETTLEMEnT OCCUrrED jULY 11

4 TO BE rELEASED DUrinG FY12

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current price range	project perioD construction	project perioD construction
From/to	(calenDar year)	progress 2	Description	oWnersHip structure
			Apartments	100% Mirvac Limited
$500,000 – $4.2m	mid 2007 – mid 2014	100%
$330,000 – $4.5m	mid 2007 – mid 2014	100%
				100% MWrDP
				(Mirvac Limited 20%
			Apartments	equityinterest)
$380,000 – $1.4m	end 2006 – mid 2010	100%
$453,000 – $1.0m	early2008 – mid 2012	100%
$420,000 – $1.5m	mid 2011 – Sep2014	0%
$350,000 – $1.2m	mid 2010 – early2012	95%
$420,000 – $1.4m	early2011 – end 2013	55%
			Housing	100% Mirvac Limited
$1.2m – $1.6m	end 2009 – mid 2011	100%
$1.2m – $1.7m	end 2010 – end 2011	65%
$1.4m – $1.8m	early2011 – early2012	20%
$1.3m – $1.8m	mid 2011 – mid 2012	5%
$495,000 – $2.1m	early2011 – end 2015	5%	Apartments	100% Mirvac Limited
$495,000 – $1.7m	early2012 – mid 2014	0%	Mix of apartments and terraces	100% Mirvac Limited

66 mirvac group ProPerty comPendium

residential develoPment / ProPosed

neW soutH Wales

			project
	acQuisition		value	total	project perioD
property	Date	location	(incl. gst)	lots	(calenDar year)	Description	oWnersHip structure
						Apartments
HarolD parK	Dec 10	inner West	$813m	915	mid 2012 – early2019	and terraces	100% Mirvac Limited

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harold ParK, inner west, nsw
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68 mirvac group ProPerty comPendium

residential develoPment / in Progress

neW soutH Wales / Homes

			project
	acQuisition		value	total				settlement Date1
property	Date	location	(incl. gst)	lots	releaseD	eXcHangeD	settleD	From	to
panorama	jun 01	Glenfeld	$179m	515	434	416	367
Completed Stages			$86m	249	249	249	249	Dec 05	Dec 09
Stage 1C			$16m	41	32	32	32	jan 09	nov 12
Stage 2A			$51m	132	117	104	86	jun 10	jun 12
Stage 2B			$24m	66	9	4	0	jul 11	nov 13
Stage 4			$2m	27	27	27	0	jul 11	jul 11
neWBury estate	Dec 99	Stanhope	$217m	1,749	1,709	1,691	1,675
Completed Stages			$198m	1,641	1,641	1,641	1,641	jun 02	Apr 10
Stage 8			$19m	108	68	50	34	jun 11	jul 12
asHgrove	jun 02	Auburn	$127m	263	263	263	262
Completed Stages			$107m	230	230	230	230	Feb 07	Mar 11
Stage 6			$20m	33	33	33	32	Feb 07	jul 11

1 SETTLEMEnT DATES MAY VArY AS CirCUMSTAnCES CHAnGE. 2 COnSTrUCTiOn PrOGrESS AS A PErCEnTAGE OF COST, WHiCH inCLUDES LAnD SUBDiViSiOn BUT nOT LAnD ACQUiSiTiOn.

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current price range	project perioD construction	project perioD construction
From/to	(calenDar year)	progress2	Description	oWnersHip structure
				100% Mirvac Limited
$250,000 – $480,000	mid 2001 to mid 2011	100%	Mix of residential and retail lots
$280,000 – $465,000	mid 2001 to end 2012	100%	Spec housing
$259,000 – $509,000	mid 2001 to mid 2012	75%	residential lots and spec houses
$185,000 – $450,000	mid 2001 to end 2013	100%	residential lots and spec houses
$1.6m – $2.0m	early2007 – july2011	0%	Land
			Mix of residential and retail lots	PDA with Landcom
$150,000 – $550,000	mid 2000 – end 2010	100%
$300,000 – $490,000	early2011 – end 2012	50%
	end 2003 – mid 2011		residential estate	100% Mirvac Limited
$185,000 – $615,000		100%
$585,000 – $615,000		100%

70 mirvac group ProPerty comPendium

residential develoPment / in Progress

neW soutH Wales / Homes

			project
	acQuisition		value	total				settlement Date1
property	Date	location	(incl. gst)	lots	releaseD	eXcHangeD	settleD	From	to
cHelsea garDens	jun 02	Castle Hill	$51m	63	63	63	63	Aug07	Dec 10
gillieston	jul 06	Gillieston	$85m	402	156	109	102	Mar 08	Mar 16
spring Farm	jun 08	SpringFarm	$93m	319	244	197	189
Stage 1			$38m	120	120	113	113	Oct 08	jun 12
Stage 2A			$17m	56	55	50	50	nov 09	Dec 11
Stage 2B			$15m	47	45	28	22	Dec 10	jun 12
Stage 2C			$7m	29	23	5	3	Apr 11	jan 12
Stage 3			$15m	66	0	0	0	jan 12	Dec 12
Stage 6			$1m	1	1	1	1	jun 10	jun 10
miDDleton grange	Sep07	Middleton	$64m	249	249	249	249
Stage 1A			$24m	75	75	75	75	Apr 09	nov 10
Stage 1B			$13m	56	56	56	56	Sep09	nov 10
Stage 2			$21m	87	87	87	87	Feb 10	Mar 11
Stage 3			$6m	31	31	31	31	Oct 10	Mar 11
miDDleton grange	Dec 10	Middleton	$103m	343	211	130	116
Stage 1 – 2			$23m	56	42	35	34	Dec 10	Oct 12
Stage 3			$27m	67	65	51	45	jan 11	Sep11
Stage 4			$34m	140	104	44	37	jun 11	Apr 12
Stage 5			$19m	80	0	0	0	Apr 12	Oct 12
FletcHer	Dec 07	Fletcher	$43m	268	139	122	111	nov 08	Dec 13
eliZaBetH Hills	Sep07	Elizabeth Hills	$50m	217	0	0	0	jan 12	May13

1 SETTLEMEnT DATES MAY VArY AS CirCUMSTAnCES CHAnGE. 2 COnSTrUCTiOn PrOGrESS AS A PErCEnTAGE OF COST, WHiCH inCLUDES LAnD SUBDiViSiOn BUT nOT LAnD ACQUiSiTiOn.

==> picture [58 x 58] intentionally omitted <==

current price range	project perioD construction	project perioD construction
From/to	(calenDar year)	progress 2	Description	oWnersHip structure
$685,000 – $920,000	mid 2002 – end 2010	100%	residential estate	100% Mirvac Limited
$135,000 – $465,000	early2008 – mid 2016	40%	residential estate	100% Mirvac Limited
				100% Mirvac Limited
$185,000 – $410,000	mid 2008 – mid 2012	100%	residential estate
$160,000 – $370,000	mid 2008 – end 2011	90%	Built form and land lots
$150,000 – $350,000	mid 2008 – mid 2012	80%	Built form and land lots
$175,000 – $350,000	mid 2008 – early2012	60%	Built form and land lots
$159,000 – $400,000	mid 2008 – mid 2013	20%	Built form and land lots
	mid 2008 – mid 2010	100%	Lot sale
			residential estate	PDA with Landcom
$175,000 – $280,000	end 2007 – end 2010	100%
$180,000 – $300,000	mid 2007 – end 2010	100%
$180,000 – $285,000	end 2007 – end 2010	100%
$180,000 – $465,000	end 2007 – end 2010	100%

$175,000 – $470,000	end 2010 – end 2012	60%	residential	100% Mirvac Limited
$175,000 – $470,000	end 2010 – end 2011	90%
$200,000 – $465,000	end 2010 – mid 2012	65%
$200,000 – $465,000	end 2010 – end 2012	10%
$160,000 – $510,000	end 2007 – early2014	50%	residential estate	PDA with Kingston Fletcher
$235,000 – $550,000	mid 2010 – end 2013	10%		PDA with Landcom

72 mirvac group ProPerty comPendium

residential develoPment / ProPosed

neW soutH Wales / Homes

			project
	acQuisition		value	total	project perioD
property	Date	location	(incl. gst)	lots	(calenDar year)	Description	oWnersHip structure
						Mix of residential
panorama	jun 01	Glenfeld	$87m	253	end 2007 – end 2015	and retail lots	100% Mirvac Limited
spring Farm	jun 08	SpringFarm	$27m	108	mid 2008 – mid 2014	Houses	100% Mirvac Limited
						Mix of residential
miDDleton grange	Dec 10	Middleton	$32m	131	mid 2012 – mid 2013	and retail lots	100% Mirvac Limited
eliZaBetH Hills	Sep07	South Cecil Hills	$118m	432	end 2012 – end 2015	Land lots	PDA with Landcom
						Mix of residential
HoXton parK	Dec 10	Hoxton Park	$84m	223	mid 2011 – end 2015	and retail lots	100% Mirvac Limited
neW BrigHton							PDA with new Brighton
golF course	Dec 10	new Brighton	$105m	257	end 2010 – mid 2016	integrated housing	Golf Club

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

middleton grange, middleton, nsw
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74 mirvac group ProPerty comPendium

residential develoPment

QueenslanD

==> picture [568 x 653] intentionally omitted <==

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

residential estate
aPartments
mixed
MARINER’S PENINSULA, TOWNSVILLE
187 LOTS
JOYNER
32 LOTS
WATERFRONT,
NEWSTEAD HAMILTON
724 LOTS 582 LOTS
BRISBANE CBD
MOSSVALE ON MANLY,
WAKERLEY
180 LOTS
TENNYSON REACH,
TENNYSON
207 LOTS
THE SANCTUARY, MOGGILL
358 LOTS
FAIRWAYS, BROOKWATER GAINSBOROUGH GREENS, PIMPAMA
186 LOTS 2,206 LOTS
HOPE ISLAND
111 LOTS
EPHRAIM ISLAND, PARADISE POINT
383 LOTS
----- End of picture text -----

==> picture [58 x 58] intentionally omitted <==

waterFront, newstead, Qld

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

MIRVAC SHARE FORECAST REVENUE $2.1 BILLION

■	HOUSES/LAND	39.7%
■	APARTMENTS	60.3%

==> picture [104 x 98] intentionally omitted <==

LOTS UNDER CONTROL 4,104

■ HOUSES / LAND 65.0% ■ APARTMENTS 35.0%

76 mirvac group ProPerty comPendium

residential develoPment / in Progress

QueenslanD

			project
	acQuisition		value	total				settlement Date1
property	Date	location	(incl. gst)	lots	releaseD	eXcHangeD	settleD	From	to
mossvale on manly
mWrDp	jun 073	Wakerley	$123m	180	91	78	75
Completed Stages			$26m	39	39	39	39	Oct 08	jan 10
Stage 9			$97m	141	52	39	36	Feb 10	jan 14
epHraim islanD	nov 01	Paradise Point	$503m	383	382	331	331
Completed Stages			$155m	101	101	101	101	Apr 06	Feb 10
Stage 1			$140m	136	135	135	135	jun 05	jun 14
Stage 3			$126m	85	85	70	70	Dec 06	Apr 13
Stage 4B			$82m	61	61	25	25	Apr 08	Apr 15
tHe sanctuary
on moggill	Sep04	Moggill	$84m	290	283	221	219
Completed Stages			$55m	178	178	178	178	Mar 07	Mar 10
Stage 2A			$13m	50	50	42	41	Sep10	Apr 12
Stage 2B			$16m	62	55	1	0	Oct 11	Oct 13

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.

==> picture [58 x 58] intentionally omitted <==

current price range	project perioD construction	project perioD construction
From/to	(calenDar year)	progress2	Description	oWnersHip structure
				100% MWrDP (Mirvac
			Houses	Limited 20% equityinterest)
$620,000 – $740,000	mid 2007 – early2010	100%
$610,000 – $765,000	early2009 – mid 2014	55%
				50% Mirvac Limited
				50% Lewis Land Group
				of Companies
$755,000 – $4.9m	mid 2004 – early2010	100%	Apartments, villas, marina berths and land
$525,000 – $2.8m	mid 2003 – mid 2014	100%	Apartments and marina berths
$600,000 – $4.5m	mid 2005 – mid 2013	100%	Apartments, houses and marina berths
$600,000 – $4.7m	mid 2006 – mid 2015	100%	Apartments and marina berths
				100% Mirvac Limited
$175,000 – $650,000	mid 2006 – mid 2010	100%	Houses and land
$220,000 – $285,000	early2010 – mid 2011	100%	Land
$240,000 – $290,000	early2011 – end 2013	80%	Land

78 mirvac group ProPerty comPendium

residential develoPment / in Progress

QueenslanD

			project
	acQuisition		value	total				settlement Date1
property	Date	location	(incl. gst)	lots	releaseD	eXcHangeD	settleD	From	to
tennyson reacH	Aug05	Tennyson	$281m	207	207	159	156
Softstone and Lushington			$190m	115	115	112	109	May09	Sep12
Farringford			$91m	92	92	47	47	Mar 10	Apr 16
BrooKWater	May06	Springfeld	$28m	57	41	21	21
Stage 1			$12m	23	23	21	21	jul 09	nov 11
Stage 2			$16m	34	18	0	0	Feb 12	jul 13
mariner’s peninsula
mWrDp	jun 073	Townsville	$88m	101	101	101	100	jul 09	Dec 11
Hope islanD
mWrDp	jun 073	Hope island	$30m	59	59	59	59	jan 08	Oct 10
gainsBorougH greens	Oct 06	Pimpama	$65m	253	140	74	16
Precinct 2 – Terrace Green			$33m	119	109	74	16	Dec 10	Feb 13
Precinct 6.1 – Green Park			$11m	46	31	0	0	jan 12	Aug14
Precinct 6.2 – Green Park			$21m	88	0	0	0	jan 12	Aug14
joyner	jan 10	joyner	$11m	32	32	32	30	Feb 10	Oct 11
WaterFront	Apr 08	newstead	$107m	102	102	31	0	Oct 12	Mar 14
WaterFront mWrDp	jun 083	newstead	$352m	99	99	53	45	Mar 11	Dec 13

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.

==> picture [58 x 58] intentionally omitted <==

current price range	project perioD	construction
From/to	(calenDar year)	progress2	Description	oWnersHip structure
			Apartments	100% Mirvac Limited
$895,000 – $4.9m	mid 2007 – mid 2012	100%
$680,000 – $5.2m	end 2007 – mid 2016	100%
			Townhouses	100% Mirvac Limited
$400,000 – $725,00	end 2007 – end 2011	100%
$395,000 – $570,000	mid 2010 – mid 2013	25%
				100% MWrDP (Mirvac
$415,000 – $2.5m	mid 2007 – end 2011	100%	Apartments	Limited 20% equityinterest)
				100% MWrDP (Mirvac
$275,000 – $895,000	mid 2007 – end 2010	100%	Apartments and vacant land	Limited 20% equityinterest)
			Vacant land and houses	100% Mirvac Limited
$170,000 – $630,000	end 2006 – early2013	100%
$210,000 – $305,000	mid 2011 – mid 2014	10%
$210,000 – $305,000	mid 2011 – mid 2014	10%
$320,000 – $650,000	early2010 – end 2011	100%	Vacant land	100% Mirvac Limited
$480,000 – $2.4m	mid 2010 – mid 2014	25%	Apartments	100% Mirvac Limited
				100% MWrDP (Mirvac
$2.0m – $14.2m	mid 2008 – end 2013	100%	Apartments	Limited 20% equityinterest)

80 mirvac group ProPerty comPendium

residential develoPment / ProPosed

QueenslanD

			project
	acQuisition		value	total	project perioD
property	Date	location	(incl. gst)	lots	(calenDar year)	Description	oWnersHip structure
tHe sanctuary
on moggill	Sep04	Moggill	$18m	68	early2012 - early2014	Land	100% Mirvac Limited
WaterFront	Apr 08	newstead	$753m	523	mid 2012 – mid 2019	Apartments	100% Mirvac Limited
						Townhouses and
BrooKWater	May06	Springfeld	$84m	129	end 2011 – end 2016	houses	100% Mirvac Limited
mariner’s peninsula	jun 06	Townsville	$101m	86	early2012 – early2015	Apartments/land	100% Mirvac Limited
gainsBorougH
greens	Oct 06	Pimpama	$640m	1,953	mid 2012 – mid 2020	Vacant land	100% Mirvac Limited
Hope islanD	jan 07	Hope island	$28m	52	mid 2012 – end 2013	Vacant land	100% Mirvac Limited
Hamilton	jun 10	Hamilton	$325m	582	early2012 – mid 2016	Apartments	100% Mirvac Limited

==> picture [58 x 58] intentionally omitted <==

==> picture [567 x 654] intentionally omitted <==

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

waterFront, newstead, Qld
----- End of picture text -----

mirvac group ProPerty comPendium

residential develoPment

victoria

==> picture [568 x 654] intentionally omitted <==

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

residential estate
aPartments
mixed
MELBOURNE CBD
ROCKBANK
5,780 LOTS
YARRA'S EDGE, DOCKLANDS
1,173 LOTS
HARCREST, WANTIRNA SOUTH
841 LOTS
LAUREATE, ALBERT PARK
46 LOTS
WAVERLEY PARK, MULGRAVE
1,307 LOTS
ARGYLE AT WATERWAYS,
BRAESIDE
145 LOTS
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----- Start of picture text -----

laureate, alBert ParK, vic
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----- Start of picture text -----

MIRVAC SHARE
FORECAST REVENUE LOTS UNDER CONTROL
$1.9 BILLION 8,122
■ HOUSES / LAND 51.0% ■ HOUSES / LAND 88.0%
■ APARTMENTS 49.0% ■ APARTMENTS 12.0%
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84 mirvac group ProPerty comPendium

residential develoPment / in Progress

victoria

			project
	acQuisition		value	total				settlement Date1
property	Date	location	(incl. gst)	lots	releaseD	eXcHangeD	settleD	From	to
Waverley parK	Dec 013	Mulgrave	$559m	1050	973	959	829
Completed Stages			$294m	623	623	623	623	nov 03	Apr 10
Stage 5			$81m	118	114	114	114	Oct 09	Oct 15
Stage 6			$36m	52	25	25	24	Mar 11	Sep13
Stage 7			$46m	93	54	54	54	Mar 08	jan 14
Stage 10			$73m	123	116	109	14	jun 11	Oct 12
Stage 12			$29m	41	41	34	0	Feb 12	Aug12
yarra’s eDge	Mar 04	Docklands	$428m	432	432	373	287
Marina			$19m	149	149	98	95	jan 05	May15
river Precinct Lowrise			$218m	82	82	74	47	May10	Sep12
Yarra Point			$191m	201	201	201	145	Apr 13	Mar 14
argyle at WaterWays
mWrDp	Apr 063	Braeside	$82m	145	145	145	142	Oct 08	Sep11
laureate	jul 07	Port Melbourne	$95m	46	46	41	30	Apr 11	Dec 11
Harcrest mWrDp	Feb 083	Wantirna South	$93m	187	146	122	27
Stage 1			$56m	104	82	70	27	june 11	Oct 14
Stage 2			$37m	83	64	52	0	Sep11	Sep12

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.

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current price range	project perioD	construction
From/to	(calenDar year)	progress2	Description	oWnersHip structure
			Houses	100% Mirvac Limited
$245,000 – $945,000	mid 2002 – mid 2010	100%
$475,000 – $900,000	mid 2008 – early2011	100%
$495,000 – $800,000	mid 2010 – end 2013	50%
$370,000 – $775,000	end 2007 – early2014	60%
$495,000 – $825,000	end 2010 – mid 2012	35%
$495,000 – $1.0m	mid 2011 – end 2012	20%
				100% Mirvac Limited
$120,000 – $225,000	mid 2004 – Dec 2008	100%	Marina berths
$885,000 – $6.0m	early2007 – end 2012	60%	Luxuryhouses includingmarina berths
$500,000 – $2.4m	mid 2008 – mid 2014	15%	Luxuryhighrise apartments
				100% MWrDP (Mirvac
$420,000 – $745,000	mid 2007 – end 2011	100%	Houses	Limited 20% equityinterest)
$1.4m – $3.2m	mid 2007 – late 2011	100%	inner citytownhouses	100% Mirvac Limited
				100% MWrDP (Mirvac
			Houses and land	Limited 20% equityinterest)
$325,000 – $995,000	end 2010 – end 2014	35%
$310,000 – $610,000	end 2010 – mid 2012	5%

86 mirvac group ProPerty comPendium

residential develoPment / ProPosed

victoria

			project
	acQuisition		value	total	project perioD
property	Date	location	(incl. gst)	lots	(calenDar year)	Description	oWnersHip structure
Waverley parK	Dec 01	Mulgrave	$155m	257	late 2011 – end 2015	integrated housing	100% Mirvac Limited
yarra’s eDge	Dec 09	Docklands	$831m	741	early2012 – early2019	Apartments	100% Mirvac Limited
							50% Mirvac Limited
							50% jayaland
rocKBanK	nov 06	rockbank	$1.1bn	5,780	mid 2014 – end 2031	Land subdivision	Corporation
							100% MWrDP (Mirvac
							Limited 20% equity
Harcrest	Feb 081	Wantrina South	$357m	654	early2012 – mid 2019	Houses and Land	investment)

1 TrAnSACTiOn DATE.

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==> picture [567 x 654] intentionally omitted <==

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

harcrest, waratina south, vic
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mirvac group ProPerty comPendium

residential develoPment

Western australia

==> picture [568 x 654] intentionally omitted <==

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

residential estate
aPartments
mixed
MINDARIE KEYS, MINDARIE
1,541 LOTS
JANE BROOK
216 LOTS
SWANBOURNE
95 LOTS
PERTH CBD
BEACHSIDE LEIGHTON,
NORTH FREMANTLE
157 LOTS THE PENINSULA,
BURSWOOD
669 LOTS
KENNEDY BAY, PORT KENNEDY
369 LOTS
BINNINGUP
MANDURAH 1,837 LOTS
2,468 LOTS
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==> picture [567 x 435] intentionally omitted <==

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

the Peninsula, Burswood, wa
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MIRVAC SHARE FORECAST REVENUE $1.5 BILLION

==> picture [114 x 16] intentionally omitted <==

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

■ HOUSES / LAND 65.8%
■ APARTMENTS 34.2%
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LOTS UNDER CONTROL 4,546

■ HOUSES / LAND 90.1% ■ APARTMENTS 9.9%

90 mirvac group ProPerty comPendium

residential develoPment / in Progress

Western australia

			project
	acQuisition		value	total				settlement Date1
property	Date	location	(incl. gst)	lots	releaseD	eXcHangeD	settleD	From	to
minDarie Keys	jan 96	Mindarie	$298m	1,541	1,541	1,538	1,538	jun 03	Apr 12
tHe peninsula
australiansuper
manDate	Feb 03	Burswood	$473m	396	394	342	337
Completed Stages			$217m	168	168	168	168	May07	Mar 10
Allegro – Tower 1			$2m	2	1	1	1	Apr 09	Oct 11
Axis – Tower 2			$27m	29	28	28	28	Apr 09	Aug11
Aurora – Tower 4			$150m	133	133	98	96	Dec 09	jun 14
Aquarius – Tower 5			$77m	64	64	47	44	jun 10	nov 13
manDuraH
synDicates mWrDp		Mandurah	$85m	380	268	181	179
Bridgewater MWrDP	jun 073		$15m	72	50	30	30	jun 08	nov 12
Meadow Springs
MWrDP Syndicate	jun 073		$46m	234	187	137	136	Mar 09	Dec 12
Seascapes Town Centre
MWrDP Syndicate	jun 083		$24m	74	31	14	13	Mar 09	May13
manDuraH synDicates
mirvac FunDs management		Mandurah	$233m	1004	830	765	762
Mirvac Development
Fund – Seascapes	Dec 05		$141m	553	421	378	377	jun 06	Mar 14
Mirvac Development
Fund – Meadow Springs	jun 06		$92m	451	409	387	385	Dec 06	Aug12
meaDoW springs
Housing	Aug03	Mandurah	$93m	183	183	181	181
Completed Stages			$61m	112	112	112	112	Mar 07	jun 10
Portrush Green			$31m	70	70	69	69	May08	Oct 11
Eden Springs (Built Form — Lot	575)		$450,000	1	1	0	0	Oct 10	Aug11
tHe point	Dec 05	Mandurah	$174m	149	142	108	106
BuildingA			$27m	24	19	7	6	jun 09	jun 13
BuildingB			$89m	78	78	67	67	Dec 08	jun 13
BuildingC			$59m	47	45	34	33	Dec 08	jun 13

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.

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current price range	project perioD construction	project perioD construction
From/to	(calenDar year)	progress 2	Description	oWnersHip structure
$185,000 – $12.7m	early1996 – mid 2012	100%	Land subdivision	15% joint Venture Various
				50% Mirvac Limited
				50% AustralianSuper Fund
$540,000 – $13.4m	early2003 – early2010	100%	Apartments, housing, commercial
$450,000 – $825,000	early2003 – mid 2011	100%	Apartments
$475,000 – $2.3m	early2003 – mid 2011	100%	Apartments
$620,000 – $4.9m	mid 2006 – mid 2014	100%	Apartments
$750,000 – $3.9m	early2007 – end 2013	100%	Apartments
				100% MWrDP (Mirvac
				Limited 20% equityinterest)
$175,000 – $260,000	mid 2007 – end 2012	100%	Land
$149,000 – $250,000	mid 2007 – end 2012	90%	Land
$160,000 – $2.3m	mid 2008 – mid 2013	100%	Mix of residential and retail lots

				100% Mirvac Development
$120,000 – $365,000	mid 2006 – early2014	85%	Land	Fund – Seascapes
				100% Mirvac Development
$130,000 – $3.1m	mid 2006 – mid 2012	95%	Land	Fund – Meadow Springs
				100% Mirvac Limited
$170,000 – 17.2m	mid 2003 – mid 2010	100%	Architecturallydesigned homes and Golf Course
$350,000 – $675,000	mid 2003 – end 2011	100%	Houses
$450,000	mid 2006 – end 2011	95%	Land and house lot
				100% Mirvac Limited
$600,000 – $3.1m	end 2005 – mid 2013	100%	Hotel and apartments
$295,000 – $4.0m	end 2005 – mid 2013	100%	Apartments
$545,000 – $3.8m	end 2005 – mid 2013	100%	Apartments

92 mirvac group ProPerty comPendium

residential develoPment / in Progress

Western australia

			project
	acQuisition		value	total				settlement Date1
property	Date	location	(incl. gst)	lots	releaseD	eXcHangeD	settleD	From	to
sWanBourne	jun 05	Swanbourne	$59m	58	58	55	54
Completed Stages			$49m	51	51	51	51	nov 07	jun 09
Stage 2			$10m	7	7	4	3	Mar 11	Dec 11
Binningup	jan 08	Binningup	$10m	42	40	10	10
Stage 5 – Lakewood Shores			$4m	18	17	4	4	jul 09	jun 13
Stage 6 – Lakewood Shores			$6m	24	23	6	6	Feb 10	jun 13
BeacHsiDe
leigHton	Aug06	north Fremantle	$205m	68	68	54	37	nov 10	Oct 12
KenneDy Bay	Oct 06	Port Kennedy	$299m	372	0	0	0	Dec 12	Aug20
jane BrooK	jul 06	jane Brook	$10m	38	34	12	12	jun 11	Feb 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.

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current price range	project perioD	construction	construction
From/to	(calenDar 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%
$1.3 – $1.6m	start 2008 – end	2011	100%
					PDA with Binningup
				Land lots	nominees
$175,000 – $235,000	mid 2009 – mid 2013		100%
$225,000 – $250,000	mid 2009 – mid 2013		100%
$1.4m – $8.9m			100%	residential	100% Mirvac Limited
$225,000 – $2.0m	end 2006 – mid 2020		10%	Land subdivision, houses and apartments	PDA with WABGr
$250,000 – $270,000	mid 2010 – early	2012	80%	Urban land lots	100% Mirvac Limited

mirvac group ProPerty comPendium

residential develoPment / ProPosed

Western australia

			project
	acQuisition		value	total	project perioD
property	Date	location	(incl. gst)	lots	(calenDar year)	Description	oWnersHip structure
jane BrooK	jul 06	jane Brook	$60m	178	mid 2010 – early2015	Land	100% Mirvac Limited
						Houses, hotel and
BeacHsiDe leigHton	Aug06	north Fremantle	$249m	89	early2007 – mid 2016	apartments	100% Mirvac Limited
							PDA with Binningup
Binningup	jan 08	Binningup	$538m	1,795	mid 2008 – end 2031	Land	nominees
						Houses and
sWanBourne	jun 05	Swanbourne	$58m	36	end 2008 – early2016	land	jV with Landcorp
tHe peninsula,
australiansuper						Housing and
manDate	Feb 03	Burswood	$315m	273	end 2010 – end 2019	apartments	jV with ASF
manDuraH synDicates	mWrDp
							PDA with MWrDP
							Mirvac Limited
Bridgewater MWrDP	jun 07	Mandurah	$66m	245	mid 2010 – early2015	Land	20% equityinterest
							PDA with MWrDP
							Mirvac Limited
Meadow Springs MWrDP	jun 07	Mandurah	$57m	244	mid 2007 – end 2015	Land	20% equityinterest
							PDA with MWrDP
Seascapes Town Centre							Mirvac Limited
MWrDP	jun 08	Mandurah	$36m	97	end 2012 – early2016	Land	20% equityinterest
manDuraH synDicates	mirvac FunDs management
							100% Mirvac
Mirvac Development Fund							Development Fund –
– Meadow Springs	jun 06	Mandurah	$39m	180	mid 2010 – end 2014	Land	Meadow Springs

develoPment engloBo sales

==> picture [58 x 58] intentionally omitted <==

		lots
project	state	30 june	target sale Dates
tennyson reach (undeveloPed land)	Qld	n/a	sold Jun 11
dianella	wa	n/a	sold Jun 11
magenta shores	nsw	347	seP 11
the royal, newcastle	nsw	171	Jun 12
Bridgewater	wa	392	nov 12
Brendale	Qld	n/a	dec 12

==> picture [567 x 466] intentionally omitted <==

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

meadow sPrings, mandurah, wa
----- End of picture text -----

96 mirvac group ProPerty comPendium

commercial develoPment

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

10 – 20 Bond street, sydney, nsw in Progress

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

8 chiFley sQuare, sydney, nsw in Progress

Description

Major refurbishment of approximately 38,000 sqm across 31 levels of office space. When complete the complex will provide an entirely new and architecturally striking lobby; premium grade services and strong sustainability credentials including the use of chilled beam, T5 lighting and tri-generation. The refurbishment targets 5 star nABErS rating and a 4 star GreenStar rating.

Description

A new premium grade commercial office development on a landmark Sydney CBD site. Key to the design is the innovative tenancy “villages” concept. The tower comprises seven unique villages each providing unparalleled connectivity, interaction and amenity through vertical integration. The villages range in size from 1,800 to 2,650 sqm and are separated by single floors, with a total net lettable area of over 19,122 sqm.

oWnersHip

50% MPT, 50% inVESTA OFFiCE FUnD

oWnersHip

50% MPT, 50% KrEiT

VALUATiOn AT 30 jUnE 11	$125.0m
VALUEr	DirECTOrS VALUATiOn
LAST EXTErnAL VALUATiOn	31 Dec 09
PrOjECT COST	$30.5m1
CAPiTALiSATiOn rATE	7.5%
ACQUiSiTiOn DATE	Dec 09
FOrECAST COMPLETiOn	FY12

VALUATiOn AT 30 jUnE 11	$49.1m
VALUEr	DirECTOrS VALUATiOn
LAST EXTErnAL VALUATiOn	31 Dec 10
PrOjECT COST	$154.4m1
CAPiTALiSATiOn rATE	n/A2
ACQUiSiTiOn DATE	Apr 06
FOrECAST COMPLETiOn	FY14

project upDate

Project remains on target for completion in 2H of 2011. Continued leasing campaign resulting in commitments to the building totalling 81.0 per cent comprising of 59.3 per cent executed leases and 21.7 per cent signed Heads of Agreement as at 15 August 2011.

project upDate

Stage 2A approved, demolition complete and construction commenced. Leasing program underway.

1 MPT SHArE OF TOTAL PrOjECT COSTS.

2 POST 30 jUnE 2011 K-rEiT iS TO FUnD 50% OF THE DEVELOPMEnT COSTS AT A PrE AGrEED CAPiTALiSATiOn rATE OF 6.65%.

==> picture [58 x 58] intentionally omitted <==

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

hoxton distriBution ParK, intersection oF m7 and cowPasture road, hoxton ParK, nsw in Progress

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

nexus industry ParK (Building 4) lyn Parade, Prestons, nsw in Progress

Description

Major industrial project comprising two distribution centres 100% pre-leased to Woolworths Limited. Building 1 comprises 90,000 sqm state of the art purpose built facility for BiG W. Building 2 is a 43,500 sqm national distribution centre which will house Dick Smith.

Description

new national Distribution and Corporate headquarters for HPM Legrand Australia. This new 23,000 sqm high quality facility has direct exposure and access to the M7 Westlink.

oWnersHip

100% Mirvac Limited

oWnersHip

100% MPT

	VALUATiOn AT 30 jUnE 11	$23.7m1
	VALUEr	DirECTOrS VALUATiOn
	LAST EXTErnAL VALUATiOn	31 Dec 10
	PrOjECT COST	$32.8m2
	CAPiTALiSATiOn rATE	7.88%
	ACQUiSiTiOn DATE	Aug04
	FOrECAST COMPLETiOn	FY12

VALUATiOn AT 30 jUnE 11	n/A
VALUEr	n/A
LAST EXTErnAL VALUATiOn	n/A
PrOjECT COST	$192.4m
YiELD On COST	8.14%
ACQUiSiTiOn DATE	jul 10
FOrECAST COMPLETiOn	FY12

project upDate

Practical completion expected at the end of August 2011 for Building 2 (Dick Smith) and December 2011 for Building 1 (BiG W). These expected completion dates are 5 months (Building 2) and 3 months (Building 1) ahead of the original development plan.

project upDate

Project remains on target for completion in late 2011, HPM Legrand Australia to re-locate from nexus industry Park (Building 5) on practical completion of this development.

1 inCLUDES LAnD, rEVALUATiOn, AnD COSTS UP TO 30 jUnE 2011 2 inCLUDES LAnD AnD TOTAL PrOjECT COSTS TO COMPLETiOn

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

important notice

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

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

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

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

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

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

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

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

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

AI assistant

MIRVAC GROUP — Fund Information / Factsheet 2011

65328_rns_2011-08-22_c8cd6458-0f7d-4ffb-92c6-f2a586e7d521.pdf

investment

investment

mirvac ProPerty trust PortFolio exPiry ProFile[ 1]

mirvac ProPerty trust PortFolio diversiFication

SECTOR DIVERSIFICATION[1]

GEOGRAPHIC DIVERSIFICATION[2]

oFFice PortFolio

investment

GRADE DIVERSIFICATION[1]

oFFice PortFolio

investment

Description

Description

summary inFormation

summary inFormation

lease eXpiry proFile % area

lease eXpiry proFile % area

1 castlereagh street, sydney, nsw

Description

Description

summary inFormation

summary inFormation

oFFice PortFolio

investment

190 george street, sydney, nsw

Description

Description

summary inFormation

summary inFormation

Description

summary inFormation

Description

summary inFormation

oFFice PortFolio

investment

Bay centre Pirrama road, Pyrmont, nsw

3 rider Boulevard, rhodes, nsw

Description

Description

summary inFormation

summary inFormation

lease eXpiry proFile % area

lease eXpiry proFile % area

5 rider Boulevard, rhodes, nsw

1 woolworths way nso, Bella vista, nsw

Description

Description

summary inFormation

summary inFormation

oFFice PortFolio

investment

55 coonara avenue, west Pennant hills, nsw

Description

Description

summary inFormation

summary inFormation

aviation house

16 Furzer street, PhiliP, act

sirius Building 23 Furzer street, PhiliP, act

Description

Description

summary inFormation

summary inFormation

oFFice PortFolio

investment

54 marcus clarKe street, canBerra, act

38 sydney avenue, Forrest, act

Description

Description

summary inFormation

summary inFormation

189 grey street, southBanK, BrisBane, Qld

Description

Description

summary inFormation

summary inFormation

oFFice PortFolio

MIRVAC GROUP Fund Information / Factsheet 2011