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MIRVAC GROUP Fund Information / Factsheet 2012

Aug 20, 2012

65328_rns_2012-08-20_ec35494e-3d6c-4e69-9a23-a84d943c9180.pdf

Fund Information / Factsheet

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PROPERTY COMPENDIUM 30 JUNE 2012

Welcome to the Mirvac Property Compendium

by mirvac

Artist Impression of Array, Yarra’s Edge, Docklands, VIC

PROPERTY COMPENDIUM 30 JUNE 2012

Investment

by mirvac

$6,002,700,728

66 Investment grade assets In dIrect real estate Investments

Artist Impression of 8 Chifley Square, Sydney, NSW

Mirvac’s Investment Division manages a diverse portfolio of assets across the office, retail and industrial sectors, leased to quality tenants including leading Australian and international companies.

Mirvac’s integrated business approach includes using the specialised in-house asset management team, Mirvac Asset Management, that is responsible for all leasing and property management across the entire portfolio.

PROPERTY COMPENDIUM 30 JUNE 2012

Mirvac Property Trust

Overview

Mirvac PrOPerTy TrusT POrTfOliO eXPiry PrOfile[1]

TOTal POrTfOliO

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reTail POrTfOliO
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1,423,252 sqm 388,865 sqm
WALE 7.4 YEARS WALE 5.8 YEARS
60% 60%
50% 50%
40% 40%
30% 30%
20% 20%
10% 10%
0% 0%
VACANT FY13 FY14 FY15 FY16 FY17 BEYOND VACANT FY13 FY14 FY15 FY16 FY17 BEYOND
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Office POrTfOliO

inDusTrial POrTfOliO

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622,495 sqm 411,494 sqm
WALE 5.8 YEARS WALE 11.1 YEARS
70% 70%
60% 60%
50% 50%
40% 40%
30% 30%
20% 20%
10% 10%
0% 0%
VACANT FY13 FY14 FY15 FY16 FY17 BEYOND VACANT FY13 FY14 FY15 FY16 FY17 BEYOND
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Mirvac PrOPerTy TrusT POrTfOliO DiversificaTiOn

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secTOr DiversificaTiOn [2] GeOGraPhic DiversificaTiOn [3]
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OFFICE 58.5% NSW 63.1%
INDUSTRIAL 8.5% VIC 14.5%
RETAIL 27.7% QLD 13.6%
OTHER [4] 1.7% ACT 8.0%
LPT/UNLISTED 3.6%
FUNDS SA 0.3%
US 0.5%
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  • 1) BY AREA, EXCLUDES ASSETS UNDER DEVELOPMENT.

  • 2) BY BOOK VALUE AS AT 30 JUNE 2012. EXCLUDES ASSETS UNDER DEVELOPMENT.

  • 3) BY BOOK VALUE AS AT 30 JUNE 2012. EXCLUDES ASSETS UNDER DEVELOPMENT AND INDIRECT INVESTMENTS.

  • 4) OTHER INCLUDES HOTELS AND CARPARKS.

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Investment Management

INVESTMENT MANAGEMENT

WHOLESALE FUNDS UNDER MANAGEMENT
$818.3 MILLION
FUNDS
TRAVELODGE GROUP AUSTRALIAN SUSTAINABLE FORESTRY INVESTORS
MIRVAC WHOLESALE RESIDENTIAL DEVELOPMENT
PARTNERSHIP
JF INFRASTRUCTURE YIELD FUND
RETAIL FUNDS UNDER MANAGEMENT
$280.4 MILLION
LISTED UNLISTED
MIRVAC INDUSTRIAL TRUST MIRVAC DEVELOPMENT FUND – SEASCAPES
MIRVAC DEVELOPMENT FUND – MEADOW SPRINGS
JOINT VENTURES / INTERNATIONAL FUNDS UNDER MANAGEMENT
$6,203.5 MILLION
QUADRANT REAL ESTATE ADVISORS

INVESTMENT MANAGEMENT / WHOLESALE

TRAVELODGE GROUP
FOCUS FUM ($M)1 NO OF INVESTORS
Wholesale 414.2 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 $392.4 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.mirvacinvestmentmanagement.com/travelodgegroup.

MIRVAC WHOLESALE RESIDENTIAL DEVELOPMENT PARTNERSHIP
FOCUS FUM ($M)2 NO OF INVESTORS
Wholesale 287.5 4

The Mirvac Wholesale Residential Development Partnership is a closed-end vehicle that has acquired 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 2,221 lots and 1,150 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.

AUSTRALIAN SUSTAINABLE FORESTY INVESTORS

FOCUS FUM ($M)1 NO OF INVESTORS
Wholesale 59.6 3
The principal activity of the Fund is rental income from the investment in 20,552 hectares of freehold forestry land in Victoria,
SA and WA .
JF INFASTRUCTURE YIELD FUND
FOCUS FUM ($M)1 NO OF INVESTORS
Wholesale 57.0 36

The principal activity of the Fund is the investment in equity and quasi-equity/mezzanine debt of Australian unlisted property related infrastructure assets, predominantly semi-mature and mature assets.

PROPERTY COMPENDIUM 30 JUNE 2012

INVESTMENT MANAGEMENT / LISTED

MIRVAC INDUSTRIAL TRUST

FOCUS FUM ($M)3, 4 NO OF INVESTORS
Retail 230.5 1,753

Mirvac Industrial Trust (“MIX”) is an ASX listed property Trust. The portfolio consists entirely of industrial assets leased to a diverse range of quality tenants in and around the Greater Chicago region. Details of MIX’s investment portfolio are available from the Trust’s website www.mirvac.com/investmentmanagement/mix.

INVESTMENT MANAGEMENT / UNLISTED

MIRVAC DEVELOPMENT FUNDS – SEASCAPES & MEADOW SPRINGS

FOCUS
FUM ($M)1
NO OF INVESTORS
Retail
49.9
437
At 30 June 2012, Mirvac Investment Management had two active unlisted funds.
Details of the unlisted fund portfolio are available from www.mirvacinvestmentmanagement.com.

INVESTMENT MANAGEMENT / JV INTERNATIONAL

QUADRANT REAL ESTATE ADVISORS

FOCUS FUM ($M)5,6
Wholesale funds 115.7
Mandates 6,087.8

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 2012, Quadrant has approximately A$6.2 billion[5] of commercial and multi-family real estate assets under management.

  • 1) SUBJECT TO FINAL AUDIT AND BOARD APPROVAL.

  • 2) THE FUM NUMBER REPRESENTS CONTRIBUTED EQUITY.

  • 3) AS AT 31 DECEMBER 2011.

  • 4) FOR FURTHER INFORMATION REFER TO THE ASX ANNOUNCEMENTS MADE DURING THE YEAR.

  • 5) BEFORE ADJUSTING FOR JOINT VENTURE INTERESTS.

  • 6) AUD/USD JUNE 2012 MONTH END RATE OF 1.0191.

PROPERTY COMPENDIUM 30 JUNE 2012

Development

by mirvac

$10,637,386,484 RESIDENTIAL DEVELOPMENT 29,787 LOTS Artist Impression of Harold Park, Glebe, NSW

Mirvac is one of the leading brands in the Australian development and construction industry and has a proven track record of delivering innovative and quality products that exceed customers’ expectations and lead the market. For over 40 years, Mirvac has produced some of Australia’s most renowned residential projects including Walsh Bay in Sydney, NSW; Ephraim Island on the Gold Coast, QLD; Yarra’s Edge, VIC; and The Peninsula at Burswood in Perth, WA.

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Development

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Development

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Development

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Development

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Disclaimer

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.

PROPERTY COMPENDIUM 30 JUNE 2012

Contact Details

by mirvac

Phone:

+61 2 9080 8000

Email:

[email protected]

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20 BOND STREET, SYDNEY, NSW
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Twitter: @mirvac IR