MIRVAC GROUP - Fund Information / Factsheet 2015

MIRVAC GROUP PROPERTY COMPENDIUM 30 JUNE 2015

WELCOME TO THE MIRVAC PROPERTY COMPENDIUM

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MIRVAC GROUP PROPERTY COMPENDIUM 30 JUNE 2015

INVESTMENT m $7,517.7 across 59 investment grade assets Orion Springfield Central, QLD

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

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

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

INVESTMENT

INVESTED CAPITAL SUMMARY AS AT 30 JUNE 2015

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NO. OF BOOK VALUE GLA/NLA
TYPE OF PROPERTY PROPERTIES ($M) (SQM) WALE [1] OCCUPANCY [2] CAP RATE
OFFICE [3] 27 4,108.0 691,202 4.3 years 94.0% 7.01%
RETAIL 14 2,139.5 306,719 3.8 years 99.4% 6.49%
INDUSTRIAL 15 661.0 393,416 7.6 years 98.7% 7.02%
OTHER (CARPARKS AND A HOTEL) 3 87.8 398 n/a 100.0% 7.58%
INDIRECT INVESTMENTS AND IPUC n/a 521.4 n/a n/a n/a n/a
TOTAL 59 7,517.7 1,391,734 4.5 years 96.5% 6.86%
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INVESTED CAPITAL DIVERSIFICATION

SECTOR DIVERSIFICATION[4]

GEOGRAPHIC DIVERSIFICATION[5]

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OFFICE 55% NSW 63%
INDUSTRIAL 9% VIC 17%
RETAIL 28% QLD 10%
OTHER 1% WA 3%
LPT/ 7% ACT 6%
UNLISTED FUNDS/
DEVELOPMENTS USA 1%
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LEASE EXPIRY PROFILE[6]

TOTAL PORTFOLIO

OFFICE PORTFOLIO

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1,391,734 sqm 691,202 sqm
WALE 4.5 YEARS WALE 4.3 YEARS
60% 60%
50% 50%
40% 40%
35% 36%
30% 30%
20% 20% 20%
15% 16%
4% 10% 11% 9% 10% 6% 12% 9% 9% 8% 10%
0% 0%
VACANT FY16 FY17 FY18 FY19 FY20 FY21 + VACANT FY16 FY17 FY18 FY19 FY20 FY21 +
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RETAIL PORTFOLIO

INDUSTRIAL PORTFOLIO

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306,719 sqm 393,416 sqm
WALE 3.8 YEARS WALE 7.6 YEARS
60% 58% 60%
50% 50%
40% 40%
27% 30% 30%
22% 20% 20%
13% 11% 13% 13% 10% 10% 14% 10%
8%
1% 0% 3% 5% 2% 0%
VACANT FY16 FY17 FY18 FY19 FY20 FY21 + VACANT FY16 FY17 FY18 FY19 FY20 FY21 +
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1 BY INCOME.

2 BY AREA.
3 PORTFOLIO VALUE INCLUDES TWO ST LEONARDS ASSETS HELD FOR DEVELOPMENT. ALL OTHER METRICS EXCLUDE THESE ASSETS. 4 BY VALUE.
5 BY VALUE, EXCLUDES INDIRECT INVESTMENTS AND IPUC AND TWO ST LEONARDS ASSETS HELD FOR DEVELOPMENT.
6 BY INCOME, EXCLUDING ASSETS UNDER DEVELOPMENT AND INDIRECT INVESTMENTS AND INCLUDES 8 CHIFLEY, NSW.

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MIRVAC GROUP
PROPERTY
COMPENDIUM
30 JUNE 2015
OFFICE
m
$4,108.0
across 27 investment grade assets
8 Chifley Square, Sydney
Comprising 55% of Mirvac investment’s
invested capital, the office portfolio is focused
on the core markets of Sydney and Melbourne
and has a total net lettable area of 691,202 sqm.
4
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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

GRADE DIVERSIFICATION[ 1] GEOGRAPHIC DIVERSIFICATION[ 1] PREMIUM 21% SYDNEY 58% A GRADE 73% MELBOURNE 25% B GRADE 3% BRISBANE 3% C GRADE 3% ACT 8% PERTH 6%

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% OF OFFICE VALUATION
PORTFOLIO GROSS AT 30 JUN NABERS
PROPERTY LOCATION NLA BOOK VALUE OFFICE RENT 2015 [2] RATING
101-103 MILLER STREET NORTH SYDNEY, NSW 37,520 SQM 5.1% $820/SQM $209.0m 5.0 Star
40 MILLER STREET NORTH SYDNEY, NSW 12,658 SQM 2.8% $777/SQM $114.1m 5.0 Star
275 KENT STREET SYDNEY, NSW 77,125 SQM 10.6% $911/SQM $435.6m 5.0 Star
8 CHIFLEY SQUARE SYDNEY, NSW 19,349 SQM 4.6% $1,342/SQM $189.6m –
10-20 BOND STREET SYDNEY, NSW 38,271 SQM 4.9% $884/SQM $200.0m 5.0 Star
60 MARGARET STREET SYDNEY, NSW 40,482 SQM 4.3% $815/SQM $176.8m –
37 PITT STREET SYDNEY, NSW 12,216 SQM 1.7% $611/SQM $68.0m 3.0 Star
51 PITT STREET SYDNEY, NSW 4,986 SQM 0.6% $637/SQM $26.0m 2.5 Star
6-8 UNDERWOOD STREET SYDNEY, NSW 3,234 SQM 0.2% $483/SQM $9.5m 3.5 Star
1 DARLING ISLAND PYRMONT, NSW 22,197 SQM 4.8% $640/SQM $195.8m 5.5 Star
65 PIRRAMA ROAD PYRMONT, NSW 15,931 SQM 3.1% $669/SQM $126.6m 5.5 Star
3 RIDER BOULEVARD RHODES, NSW 16,812 SQM 2.2% $450/SQM $89.0m 5.5 Star
5 RIDER BOULEVARD RHODES, NSW 24,986 SQM 3.3% $448/SQM $133.6m 5.5 Star
1 WOOLWORTHS WAY BELLA VISTA, NSW 44,828 SQM 6.1% $480/SQM $250.2m –
55 COONARA AVENUE WEST PENNANT HILLS, NSW 34,080 SQM 1.7% $341/SQM $70.0m –
699 BOURKE STREET MELBOURNE, VIC 19,303 SQM 1.9% $594SQM $77.0m –
90 COLLINS STREET MELBOURNE, VIC 21,261 SQM 4.5% $634/SQM $185.0m 3.5 Star
367 COLLINS STREET MELBOURNE, VIC 37,685 SQM 5.8% $583/SQM $238.5m 3.0 Star
477 COLLINS STREET MELBOURNE, VIC 12,019 SQM 1.8% $472/SQM $72.0m –
RIVERSIDE QUAY SOUTHBANK, VIC 31,327 SQM 4.7% $531/SQM $193.1m 4.0 Star
380 ST KILDA ROAD MELBOURNE, VIC 24,561 SQM 3.4% $446/SQM $140.3m 4.5 Star
COMO CENTRE SOUTH YARRA, VIC 25,695 SQM 2.5% $464/SQM $100.6m –
23 FURZER STREET PHILLIP, ACT 46,167 SQM 6.1% $463/SQM $252.1m 6.0 Star
16 FURZER STREET PHILLIP, ACT 14,812 SQM 1.7% $454/SQM $68.0m 4.5 Star
340 ADELAIDE STREET BRISBANE, QLD 13,059 SQM 1.4% $615/SQM $55.5m 5.0 Star
189 GREY STREET SOUTHBANK, QLD 12,729 SQM 2.0% $475/SQM $83.1m 5.0 Star
77 ST GEORGES TERRACE PERTH, WA 27,909 SQM 5.5% $878/SQM $227.7m 2.0 Star
TOTAL 691,202 SQM 100.0% [3] $4,108.02m [3]
WEIGHTED AVERAGE LEASE EXPIRY (BY INCOME) 4.3 YEARS
OCCUPANCY % (BY AREA) 94.0%
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BY BOOK VALUE.
BOOK VALUES REPRESENT MPT’S OWNERSHIP.
INCLUDES TWO ASSETS LOCATED AT ST LEONARDS, VALUED AT $121M, WHICH ARE BEING HELD FOR DEVELOPMENT, EXCLUDED FROM ALL OTHER METRICS.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

101-103 MILLER STREET

NORTH SYDNEY, NSW

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

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Summary Information
GRADE Premium
NABERS Rating 5.0 Star
OWNERSHIP 50% MPT, 50% TIAA Henderson Real Estate
NLA 37,520 SQM
CAR SPACES 231
ACQUISITION DATE Jun 94
LAST EXTERNAL VALUATION DATE 31 Dec 14
VALUATION AT 30 JUN 15 $209.0m1
VALUER Directors Valuation
CAPITALISATION RATE 6.37%
DISCOUNT RATE 8.25%
GROSS OFFICE RENT $820/SQM
Major Tenants NLA SQM Lease Expiry
Government Property NSW 15,614 Jul 16
Commonwealth of Australia 7,492 Jul 18
Lease Expiry Profile % Income
VACANCY 1.3%
FY16 1.0%
FY17 34.9%
FY18 14.0%
FY19 39.6%
FY20 0.2%
FY21+ 9.0%
WALE 2.6 YEARS
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Book value represents MPT's ownership.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

40 MILLER STREET

NORTH SYDNEY, NSW

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40 Miller Street is an A-grade office building located adjacent to North Sydney Railway Station. Developed by Mirvac in 2000, it enjoys commanding views of Sydney harbour from all floors, with outdoor balconies providing additional amenity for tenants. The building has achieved a 5 Star NABERS energy rating.

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Summary Information
GRADE A
NABERS Rating 5.0 Star
OWNERSHIP 100% MPT
NLA 12,658 SQM
CAR SPACES 110
ACQUISITION DATE Mar 98
LAST EXTERNAL VALUATION DATE 30 Jun 14
VALUATION AT 30 JUN 15 $114.1m
VALUER Directors Valuation
CAPITALISATION RATE 6.75%
DISCOUNT RATE 8.50%
GROSS OFFICE RENT $777/SQM
Major Tenants NLA SQM Lease Expiry
UGL Limited 12,225 Nov 15
Jiali Yuan ATF AK Family Invest Trust 162 Jul 18
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 97.1%
FY17 1.2%
FY18 0.7%
FY19 1.0%
FY20 0.0%
FY21+ 0.0%
WALE 0.4 YEARS
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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

275 KENT STREET

SYDNEY, NSW

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Completed in 2006, Westpac Place is one of the largest office buildings in Australia and is located in the fast growing north-western corridor of the Sydney CBD. The winner of numerous property industry awards, it provides premium grade office accomodation and is the head office of Westpac Banking Corporation. The precinct also includes a sunfilled urban park available for public use, a food court, childcare facilities and a public thoroughfare linking Darling Harbour to the Wynyard Transport hub. The building features state-of-the-art technology to minimise environmental impacts and reduce energy costs, and has a 5 Star NABERS energy rating.

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Summary Information
GRADE Premium
NABERS Rating 5.0 Star
OWNERSHIP 50% MPT, 50% Blackstone
NLA 77,125 SQM
CAR SPACES 214
ACQUISITION DATE Aug 10
LAST EXTERNAL VALUATION DATE 30 Jun 12
VALUATION AT 30 JUN 15 $435.6m1
VALUER Directors Valuation
CAPITALISATION RATE 6.00%
DISCOUNT RATE 8.50%
GROSS OFFICE RENT $911/SQM
Major Tenants NLA SQM Lease Expiry
Westpac 75,547 Oct 18
Flyover Bar 398 Oct 16
Lease Expiry Profile % Income
VACANCY 0.3%
FY16 0.3%
FY17 2.1%
FY18 0.4%
FY19 96.8%
FY20 0.0%
FY21+ 0.1%
WALE 3.3 YEARS
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Book value represents MPT's ownership.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

8 CHIFLEY SQUARE

SYDNEY, NSW

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8 Chifley brings to life the vision of the internationally renowned Richard Rogers of Rogers Stirk Harbour + Partners together with the Lippmann Partnership. A building for a changing world, this iconic tower pioneers the vertical village concept in Australia, delivering a flexible platform designed to support connectivity, collaboration and flexibility for its tenants. With a committment to delivering exceptional environmental performance and sustainability, 8 Chifley has been awarded a 6 Star Green Star Office Design v2 certified rating, which represents World Leadership in environmental sustainability practices. A 5 Star Plus NABERS energy rating is also being targeted.

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Summary Information
GRADE Premium
OWNERSHIP 50% MPT, 50% Keppel REIT
NLA 19,349 SQM
CAR SPACES 31
ACQUISITION DATE Dec 13
LAST EXTERNAL VALUATION DATE 31 Dec 14
VALUATION AT 30 JUN 15 $189.6m1
VALUER Directors Valuation
CAPITALISATION RATE 5.75%
DISCOUNT RATE 7.75%
GROSS OFFICE RENT $1342/SQM
Major Tenants NLA SQM Lease Expiry
Corrs Support Services Pty Ltd 8,080 Sep 25
Quantium Group Pty Ltd 5,436 Sep 21
Lease Expiry Profile % Income
VACANCY 0.1%
FY16 0.2%
FY17 0.0%
FY18 0.0%
FY19 0.8%
FY20 2.5%
FY21+ 96.4%
WALE 8.5 YEARS
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Book value represents MPT's ownership.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

10-20 BOND STREET

SYDNEY, NSW

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Following a $60 million transformation, 10-20 Bond Street delivers a powerful blend of modern style and function. An A-grade office building with premium grade services, this efficient commercial environment provides regularly shaped floor plates throughout, inviting natural light to permeate the workspaces and showcase the impressive cityscape and harbour views. The building has achieved a 5 Star NABERS energy rating, a 4 Star Green Star rating and a 3.5 star NABERS water rating.

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Summary Information
GRADE A
NABERS Rating 5.0 Star
OWNERSHIP 50% MPT, 50% Investa
NLA 38,271 SQM
CAR SPACES 150
ACQUISITION DATE Dec 09
LAST EXTERNAL VALUATION DATE 30 Jun 15
VALUATION AT 30 JUN 15 $200.0m1
VALUER Colliers International
CAPITALISATION RATE 6.38%
DISCOUNT RATE 8.00%
GROSS OFFICE RENT $884/SQM
Major Tenants NLA SQM Lease Expiry
Fitness First Australia 4,445 Mar 24
Origin Energy Services Limited 3,746 Nov 19
Lease Expiry Profile % Income
VACANCY 0.2%
FY16 7.8%
FY17 15.6%
FY18 14.2%
FY19 19.1%
FY20 9.6%
FY21+ 33.5%
WALE 4.0 YEARS
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Book value represents MPT's ownership.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

60 MARGARET STREET

SYDNEY, NSW

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

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Summary Information
GRADE A
OWNERSHIP 50% MPT, 50% MTAA
NLA 40,482 SQM
CAR SPACES 155
ACQUISITION DATE Aug 98
LAST EXTERNAL VALUATION DATE 31 Dec 14
VALUATION AT 30 JUN 15 $176.8m1
VALUER Directors Valuation
CAPITALISATION RATE 6.88%
DISCOUNT RATE 8.25%
GROSS OFFICE RENT $815/SQM
Major Tenants NLA SQM Lease Expiry
Suncorp Corporate Services 5,289 Sep 17
Training Rooms NSW Property 4,045 Dec 17
Lease Expiry Profile % Income
VACANCY 17.9%
FY16 8.3%
FY17 19.6%
FY18 34.7%
FY19 10.8%
FY20 8.7%
FY21+ 0.0%
WALE 2.0 YEARS
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Book value represents MPT's ownership.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

37 PITT STREET

SYDNEY, NSW

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37 Pitt Street is a high quality C-grade office building located in a convenient position in the harbour end of town. It �� air conditioning and refurbished floors.

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Summary Information
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�� 3.0 Star
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�� 30 Jun 14
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��
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Major Tenants NLA SQM Lease Expiry
�� Jan 17
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Lease Expiry Profile % Income
�� 12.3%
�� 37.4%
�� 11.4%
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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

51 PITT STREET

SYDNEY, NSW

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51 Pitt Street is a high quality office building, enjoying a prime corner position at the harbour end of town. It lies within a few minutes walk of Circular Quay, Martin Place, the Australian Securities Exchange, Wynyard Station and more. The building was refurbished in 1993, with further renovation of level one in 2004.

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Summary Information
GRADE C
NABERS Rating 2.5 Star
OWNERSHIP 100% MPT
NLA 4,986 SQM
CAR SPACES 21
ACQUISITION DATE May 13
LAST EXTERNAL VALUATION DATE 30 Jun 14
VALUATION AT 30 JUN 15 $26.0m
VALUER Directors Valuation
CAPITALISATION RATE 8.00%
DISCOUNT RATE 8.75%
GROSS OFFICE RENT $637/SQM
Major Tenants NLA SQM Lease Expiry
MainstreamBPO Pty Ltd 846 Dec 17
MP Travel Pty Limited 620 Sep 17
Lease Expiry Profile % Income
VACANCY 1.5%
FY16 27.2%
FY17 2.3%
FY18 69.0%
FY19 0.0%
FY20 0.0%
FY21+ 0.0%
WALE 1.9 YEARS
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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

6-8 UNDERWOOD STREET

SYDNEY, NSW

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6-8 Underwood Street was originally purpose built for Telstra's technical operations and features floors of approximately 350sqm. The property is located on the southern side of Underwood Street between Pitt and Dalley Streets, within 200 metres of Circular Quay, George Street and Wynyard Station.

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Summary Information
GRADE C
NABERS Rating 3.5 Star
OWNERSHIP 100% MPT
NLA 3,234 SQM
CAR SPACES -
ACQUISITION DATE May 13
LAST EXTERNAL VALUATION DATE 30 Jun 14
VALUATION AT 30 JUN 15 $9.5m
VALUER Directors Valuation
CAPITALISATION RATE 9.00%
DISCOUNT RATE 9.00%
GROSS OFFICE RENT $483/SQM
Major Tenants NLA SQM Lease Expiry
Nearmap Pty Ltd 693 Oct 15
Beazley Underwriting Pty Limited 344 Jul 15
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 72.7%
FY17 21.4%
FY18 5.9%
FY19 0.0%
FY20 0.0%
FY21+ 0.0%
WALE 0.8 YEARS
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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

1 DARLING ISLAND

PYRMONT, NSW

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Developed by Mirvac in 2006, this A-grade office campus comprises six office floors along with two basement levels of parking. Situated on the Sydney CBD fringe close to the waterfront, the building features large floor plates of more than 4,400sqm each and has achieved a 5.5 Star NABERS energy rating.

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Summary Information
GRADE A
NABERS Rating 5.5 Star
OWNERSHIP 100% MPT
NLA 22,197 SQM
CAR SPACES 160
ACQUISITION DATE Apr 04
LAST EXTERNAL VALUATION DATE 31 Dec 14
VALUATION AT 30 JUN 15 $195.8m
VALUER Directors Valuation
CAPITALISATION RATE 6.75%
DISCOUNT RATE 8.25%
GROSS OFFICE RENT $640/SQM
Major Tenants NLA SQM Lease Expiry
John Fairfax Holdings 22,197 Jun 27
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 0.0%
FY17 0.0%
FY18 0.0%
FY19 0.0%
FY20 0.0%
FY21+ 100.0%
WALE 12.0 YEARS
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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

65 PIRRAMA ROAD

PYRMONT, NSW

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Developed by Mirvac in 2002 and located next to Darling Harbour and The Star casino, 65 Pirrama Road is an A- grade, waterfront commercial office complex, comprising five office levels. Also known as Bay Centre, the building has large floor plates in excess of 3,000sqm each, and offers tenants a flexible and modern working environment with city and harbour views from all levels. The building has achieved a 5.5 Star NABERS energy rating.

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Summary Information
GRADE A
NABERS Rating 5.5 Star
OWNERSHIP 100% MPT
NLA 15,931 SQM
CAR SPACES 123
ACQUISITION DATE Jun 01
LAST EXTERNAL VALUATION DATE 31 Dec 13
VALUATION AT 30 JUN 15 $126.6m
VALUER Directors Valuation
CAPITALISATION RATE 7.00%
DISCOUNT RATE 8.25%
GROSS OFFICE RENT $669/SQM
Major Tenants NLA SQM Lease Expiry
John Holland 6,243 Dec 19
Veolia Water Australia Pty Ltd 3,289 Feb 21
Lease Expiry Profile % Income
VACANCY 0.6%
FY16 4.4%
FY17 0.0%
FY18 25.5%
FY19 0.0%
FY20 48.0%
FY21+ 21.5%
WALE 4.0 YEARS
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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

3 RIDER BOULEVARD

RHODES, NSW

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Located within the Rhodes Waterside development, 3 Rider Boulevard is a modern seven-level, A-grade 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 5.5 Star NABERS energy rating (combined with neighbouring 5 Rider Boulevard).

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Summary Information
GRADE A
NABERS Rating 5.5 Star
OWNERSHIP 100% MPT
NLA 16,812 SQM
CAR SPACES 302
ACQUISITION DATE Dec 09
LAST EXTERNAL VALUATION DATE 31 Dec 14
VALUATION AT 30 JUN 15 $89.0m
VALUER Directors Valuation
CAPITALISATION RATE 8.00%
DISCOUNT RATE 8.75%
GROSS OFFICE RENT $450/SQM
Major Tenants NLA SQM Lease Expiry
Australian Associated Press 3,894 Sep 20
Sita Australia Pty Ltd 3,032 Mar 19
Lease Expiry Profile % Income
VACANCY 4.5%
FY16 20.7%
FY17 4.2%
FY18 3.7%
FY19 42.4%
FY20 0.0%
FY21+ 24.5%
WALE 3.2 YEARS
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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

5 RIDER BOULEVARD

RHODES, NSW

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Located within the Rhodes Waterside development, 5 Rider Boulevard is a modern 14-level, A-grade commercial office building which includes four levels of basement parking. Developed by Mirvac in 2008, the building has achieved a 5.5 Star NABERS energy rating (combined with neighbouring 3 Rider Boulevard).

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Summary Information
GRADE A
NABERS Rating 5.5 Star
OWNERSHIP 100% MPT
NLA 24,986 SQM
CAR SPACES 521
ACQUISITION DATE Jan 07
LAST EXTERNAL VALUATION DATE 31 Dec 14
VALUATION AT 30 JUN 15 $133.6m
VALUER Directors Valuation
CAPITALISATION RATE 7.75%
DISCOUNT RATE 8.75%
GROSS OFFICE RENT $448/SQM
Major Tenants NLA SQM Lease Expiry
Alcatel 10,468 Dec 18
Foster's Australia 3,189 Nov 15
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 28.3%
FY17 0.0%
FY18 11.9%
FY19 54.0%
FY20 5.8%
FY21+ 0.0%
WALE 2.6 YEARS
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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

1 WOOLWORTHS WAY

BELLA VISTA, NSW

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Located 20km north-west of Sydney CBD within Norwest Business Park, this corporate campus includes retail units, cafes, sports facilities and an auditorium. The property has surplus land for future development.

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Summary Information
GRADE A
OWNERSHIP 100% MPT
NLA 44,828 SQM
CAR SPACES 2,341
ACQUISITION DATE Aug 10
LAST EXTERNAL VALUATION DATE 30 Jun 131
VALUATION AT 30 JUN 15 $250.2m
VALUER Directors Valuation
CAPITALISATION RATE 7.75%
DISCOUNT RATE 8.50%
GROSS OFFICE RENT $480/SQM
Major Tenants NLA SQM Lease Expiry
Woolworths 44,828 Oct 20
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 0.0%
FY17 0.0%
FY18 0.0%
FY19 0.0%
FY20 0.0%
FY21+ 100.0%
WALE 5.3 YEARS
----- End of picture text -----

1) Externally valued for internal transfer purposes Dec 14.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

55 COONARA AVENUE

WEST PENNANT HILLS, NSW

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Located 26km north-west of the Sydney CBD and 9km north of Parramatta, this B-grade office campus is located adjacent to the Cumberland State Forest in West Pennant Hills. The property comprises seven inter-connected lowrise buildings and 1,770 car spaces. IBM occupies the entire facility.

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Summary Information
GRADE B
OWNERSHIP 100% MPT
NLA 34,080 SQM
CAR SPACES 1,770
ACQUISITION DATE Aug 10
LAST EXTERNAL VALUATION DATE 30 Jun 14
VALUATION AT 30 JUN 15 $70.0m
VALUER Directors Valuation
CAPITALISATION RATE 9.50%
DISCOUNT RATE 9.75%
GROSS OFFICE RENT $341/SQM
Major Tenants NLA SQM Lease Expiry
IBM Australia Limited 34,080 Aug 15
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 100.0%
FY17 0.0%
FY18 0.0%
FY19 0.0%
FY20 0.0%
FY21+ 0.0%
WALE 0.2 YEARS
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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

699 BOURKE STREET

MELBOURNE, VIC

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Developed by Mirvac and completed in mid-2015, 699 Bourke Street is located at the western edge of Southern Cross Station and affords direct access to transport, food and lifestyle amenities, with the Docklands waterfront within minutes from the front door. The A Grade building is designed to provide premium grade services and promote visual and veritical connectivity for employees, boasting 270 degree views and natural light provided via floor to ceiling glazing. The building is targeting a 5 Star Green Star rating and 4.5 Star NABERS energy rating.

==> picture [445 x 320] intentionally omitted <==

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Summary Information
GRADE A
OWNERSHIP 50% MPT, 50% TIAA Henderson Real Estate
NLA 19,303 SQM
CAR SPACES 86
ACQUISITION DATE Jun 15
LAST EXTERNAL VALUATION DATE 30 Jun 15
VALUATION AT 30 JUN 15 $77.0m1
VALUER CBRE
CAPITALISATION RATE 6.13%
DISCOUNT RATE 8.25%
GROSS OFFICE RENT $594/SQM
Major Tenants NLA SQM Lease Expiry
AGL Energy Limited 19,303 May 25
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 0.0%
FY17 0.0%
FY18 0.0%
FY19 0.0%
FY20 0.0%
FY21+ 100.0%
WALE 9.9 YEARS
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Book value represents MPT's ownership.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment Office

90 COLLINS STREET

MELBOURNE, VIC

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90 Collins Street is an A-grade office tower located at the prestigious Paris end of Collins Street in Melbourne's CBD. The property has recently undergone a multi-million dollar refurbishment to provide state-of-the-art building services, contemporary finishes and modern end-of-trip facilities.

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Summary Information
GRADE A
NABERS Rating 3.5 Star
OWNERSHIP 100% MPT
NLA 21,261 SQM
CAR SPACES 118
ACQUISITION DATE May 13
LAST EXTERNAL VALUATION DATE 30 Jun 14
VALUATION AT 30 JUN 15 $185.0m
VALUER Directors Valuation
CAPITALISATION RATE 6.50%
DISCOUNT RATE 8.25%
GROSS OFFICE RENT $634/SQM
Major Tenants NLA SQM Lease Expiry
Whitbread Associates Pty Ltd 1,461 Dec 24
Commonwealth of Australia 1,420 Aug 17
Lease Expiry Profile % Income
VACANCY 21.6%
FY16 3.7%
FY17 3.0%
FY18 8.9%
FY19 4.5%
FY20 21.2%
FY21+ 37.1%
WALE 4.2 YEARS
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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

367 COLLINS STREET

MELBOURNE, VIC

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367 Collins Street is ideally located in the centre of the Melbourne CBD, close to public transport, retail, the theatre and arts and is a short tram ride to the MCG and Etihad Stadium. Located within the heart of Melbourne's financial precinct and close to the legal and government sectors, the tower offers spectacular views of the Yarra River and is five minutes walk to Flinders Street Station.

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Summary Information
GRADE A
NABERS Rating 3.0 Star
OWNERSHIP 100% MPT
NLA 37,685 SQM
CAR SPACES 210
ACQUISITION DATE Nov 13
LAST EXTERNAL VALUATION DATE 30 Jun 15
VALUATION AT 30 JUN 15 $238.5m
VALUER CBRE
CAPITALISATION RATE 6.50%
DISCOUNT RATE 8.25%
GROSS OFFICE RENT $583/SQM
Major Tenants NLA SQM Lease Expiry
Optus Administration Pty Ltd 10,555 Jul 16
Sportsbet Pty Ltd 7,700 Jun 23
Lease Expiry Profile % Income
VACANCY 21.4%
FY16 8.6%
FY17 38.1%
FY18 1.8%
FY19 3.0%
FY20 0.0%
FY21+ 27.1%
WALE 2.8 YEARS
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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

477 COLLINS STREET

MELBOURNE, VIC

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Also known as "The Olderfleet Building", 477 Collins Street comprises a collection of historical buildings benefiting from new construction and restoration. The front portion of the property is made up of three heritage-listed buildings with unique and highly decorative facades, retained to a depth of 12 metres. The eight-level office block was constructed at the rear in 1985.

==> picture [445 x 333] intentionally omitted <==

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Summary Information
GRADE B
OWNERSHIP 100% MPT
NLA 12,019 SQM
CAR SPACES 598
ACQUISITION DATE Nov 13
LAST EXTERNAL VALUATION DATE 30 Jun 15
VALUATION AT 30 JUN 15 $72.0m
VALUER Colliers International
CAPITALISATION RATE 7.00%
DISCOUNT RATE 8.25%
GROSS OFFICE RENT $472/SQM
Major Tenants NLA SQM Lease Expiry
Accenture Australia Pty Limited 2,795 Nov 15
Melbourne Conference and Training Centre 1,415 May 19
Lease Expiry Profile % Income
VACANCY 35.0%
FY16 17.2%
FY17 0.0%
FY18 7.4%
FY19 8.3%
FY20 29.0%
FY21+ 3.1%
WALE 2.2 YEARS
----- End of picture text -----

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

RIVERSIDE QUAY

SOUTHBANK, VIC

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

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Summary Information
GRADE A
NABERS Rating 4.0 Star
OWNERSHIP 100% MPT
NLA 31,327 SQM
CAR SPACES 105
ACQUISITION DATE Apr 02 (1 & 3) Jul 03 (2)
LAST EXTERNAL VALUATION DATE 31 Dec 13
VALUATION AT 30 JUN 15 $193.1m
VALUER Directors Valuation
CAPITALISATION RATE 7.50%
DISCOUNT RATE 8.75%
GROSS OFFICE RENT $531/SQM
Major Tenants NLA SQM Lease Expiry
URS Australia 4,663 Dec 22
STA Travel 1,566 Oct 19
Lease Expiry Profile % Income
VACANCY 0.6%
FY16 0.9%
FY17 9.2%
FY18 15.7%
FY19 20.3%
FY20 15.3%
FY21+ 38.0%
WALE 4.8 YEARS
----- End of picture text -----

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

380 ST KILDA ROAD

MELBOURNE, VIC

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This 15-level, A-grade office building comprises six podium levels of up to 2,800sqm each, with tower floors of 1,200sqm each. Prominently located at the city end of St Kilda Road and opposite the Royal Botanic Gardens, the building has excellent natural light and views to Port Phillip Bay.

==> picture [445 x 346] intentionally omitted <==

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Summary Information
GRADE A
NABERS Rating 4.5 Star
OWNERSHIP 100% MPT
NLA 24,561 SQM
CAR SPACES 482
ACQUISITION DATE Oct 95 (50%) Apr 01 (50%)
LAST EXTERNAL VALUATION DATE 30 Jun 15
VALUATION AT 30 JUN 15 $140.3m
VALUER Urbis
CAPITALISATION RATE 7.25%
DISCOUNT RATE 8.25%
GROSS OFFICE RENT $446/SQM
Major Tenants NLA SQM Lease Expiry
Toll Transport 7,294 Nov 20
STW Communications 3,813 Jun 17
Lease Expiry Profile % Income
VACANCY 2.2%
FY16 11.6%
FY17 15.0%
FY18 0.0%
FY19 1.1%
FY20 6.2%
FY21+ 63.9%
WALE 4.6 YEARS
----- End of picture text -----

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

COMO CENTRE, CNR TOORAK ROAD AND CHAPEL STREET

SOUTH YARRA, VIC

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The Como Centre complex includes office accomodation across three towers, a retail centre of over 25 shops and a cinema. The refurbished 5 Star, 107-room Como Hotel and commercial car park complement the landmark complex.

==> picture [445 x 333] intentionally omitted <==

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Summary Information
GRADE A
OWNERSHIP 100% MPT
NLA 25,695 SQM
CAR SPACES 9
ACQUISITION DATE Aug 98
LAST EXTERNAL VALUATION DATE 30 Jun 15
VALUATION AT 30 JUN 15 $100.6m
VALUER Knight Frank
CAPITALISATION RATE 7.70%
DISCOUNT RATE 8.25%
GROSS OFFICE RENT $464/SQM
Major Tenants NLA SQM Lease Expiry
Network Ten Pty Limited 4,557 Jun 19
The Walt Disney Co (Aust) Pty Ltd 2,535 Sep 17
Lease Expiry Profile % Income
VACANCY 3.2%
FY16 16.4%
FY17 4.2%
FY18 27.6%
FY19 25.0%
FY20 19.9%
FY21+ 3.7%
WALE 3.0 YEARS
----- End of picture text -----

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

23 FURZER STREET

PHILLIP, ACT

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Completed in 2010, this campus style office building was purpose built for the Department of Health and Ageing and comprises 10 office levels with floors of approximately 4,500sqm each, as well as two levels of basement parking. The building has achieved a 6.0 Star NABERS energy rating.

==> picture [445 x 346] intentionally omitted <==

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

Summary Information
GRADE A
NABERS Rating 6.0 Star
OWNERSHIP 100% MPT
NLA 46,167 SQM
CAR SPACES 374
ACQUISITION DATE Feb 10
LAST EXTERNAL VALUATION DATE 31 Dec 13
VALUATION AT 30 JUN 15 $252.1m
VALUER Directors Valuation
CAPITALISATION RATE 7.25%
DISCOUNT RATE 8.50%
GROSS OFFICE RENT $463/SQM
Major Tenants NLA SQM Lease Expiry
Department of Health and Ageing 45,967 Feb 25
BLUE FEZ PTY LTD 200 Jan 16
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 0.5%
FY17 0.0%
FY18 0.0%
FY19 0.0%
FY20 0.0%
FY21+ 99.5%
WALE 9.6 YEARS
----- End of picture text -----

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

16 FURZER STREET

PHILLIP, ACT

==> picture [195 x 125] intentionally omitted <==

Completed in 2007, this well-located A-grade building comprises nine levels of office accommodation, a ground level cafe and two levels of basement parking. Also known as Aviation House, it features large floor plates, abundant natural light and a north-facing rooftop balcony. The building currently holds a 4.5 Star NABERS energy rating.

==> picture [445 x 346] intentionally omitted <==

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

Summary Information
GRADE A
NABERS Rating 4.5 Star
OWNERSHIP 100% MPT
NLA 14,812 SQM
CAR SPACES 147
ACQUISITION DATE Jul 07
LAST EXTERNAL VALUATION DATE 31 Dec 13
VALUATION AT 30 JUN 15 $68.0m
VALUER Directors Valuation
CAPITALISATION RATE 7.75%
DISCOUNT RATE 8.75%
GROSS OFFICE RENT $454/SQM
Major Tenants NLA SQM Lease Expiry
CASA 8,004 Jan 22
APSC 3,992 Feb 22
Lease Expiry Profile % Income
VACANCY 0.2%
FY16 0.7%
FY17 21.0%
FY18 0.0%
FY19 0.0%
FY20 0.0%
FY21+ 78.1%
WALE 5.5 YEARS
----- End of picture text -----

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

340 ADELAIDE STREET

BRISBANE, QLD

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Located in the heart of the Brisbane CBD within a short walk to Central Station, 340 Adelaide Street is a modern 16level, A-grade office building with two levels of basement parking. Floors enjoy four sides of natural light and are column-free, with balconies featured on selected floors.

==> picture [445 x 346] intentionally omitted <==

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

Summary Information
GRADE A
NABERS Rating 5.0 Star
OWNERSHIP 100% MPT
NLA 13,059 SQM
CAR SPACES 94
ACQUISITION DATE Dec 09
LAST EXTERNAL VALUATION DATE 31 Dec 14
VALUATION AT 30 JUN 15 $55.5m
VALUER Directors Valuation
CAPITALISATION RATE 8.75%
DISCOUNT RATE 8.75%
GROSS OFFICE RENT $615/SQM
Major Tenants NLA SQM Lease Expiry
Medibank Private Limited 1,628 Feb 17
Livingstone Services (Aus) Pty Ltd 902 Dec 17
Lease Expiry Profile % Income
VACANCY 47.2%
FY16 2.1%
FY17 32.5%
FY18 5.3%
FY19 12.0%
FY20 0.0%
FY21+ 0.9%
WALE 1.1 YEARS
----- End of picture text -----

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

189 GREY STREET

SOUTHBANK, QLD

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Developed by Mirvac in 2005, this 12-level complex features large efficient floor plates of approximately 1,600sqm each, with excellent natural light and spectacular river and city views. It has achieved a 5 Star NABERS energy rating.

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

Summary Information
GRADE A
NABERS Rating 5.0 Star
OWNERSHIP 100% MPT
NLA 12,729 SQM
CAR SPACES 146
ACQUISITION DATE Apr 04
LAST EXTERNAL VALUATION DATE 31 Dec 13
VALUATION AT 30 JUN 15 $83.1m
VALUER Directors Valuation
CAPITALISATION RATE 7.63%
DISCOUNT RATE 8.50%
GROSS OFFICE RENT $475/SQM
Major Tenants NLA SQM Lease Expiry
Insurance Australia 7,281 Mar 20
Thiess 4,659 Dec 20
Lease Expiry Profile % Income
VACANCY 0.4%
FY16 1.5%
FY17 1.8%
FY18 2.7%
FY19 2.3%
FY20 46.2%
FY21+ 45.1%
WALE 4.8 YEARS
----- End of picture text -----

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Office

ALLENDALE SQUARE, 77 ST GEORGES TERRACE

PERTH, WA

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Allendale Square is an iconic and well-regarded 31-level, A-grade office tower, prominently located in the heart of Perth CBD. It sits above a retail arcade which acts as a pedestrian link to Perth's central shopping mall, train station and the new Elizabeth Quay development, which, once complete, will provide water-front amenities such as restaurants, hotels, a marina and shops. The property enjoys a column-free floor plate, conference facilities and views of the Swan River from the upper levels.

==> picture [445 x 346] intentionally omitted <==

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

Summary Information
GRADE A
NABERS Rating 2.0 Star
OWNERSHIP 100% MPT
NLA 27,909 SQM
CAR SPACES 101
ACQUISITION DATE May 13
LAST EXTERNAL VALUATION DATE 30 Jun 14
VALUATION AT 30 JUN 15 $227.7m
VALUER Directors Valuation
CAPITALISATION RATE 8.00%
DISCOUNT RATE 9.25%
GROSS OFFICE RENT $878/SQM
Major Tenants NLA SQM Lease Expiry
ANZ Banking Group 6,464 Sep 20
WA Bar Chambers 5,175 Jan 18
Lease Expiry Profile % Income
VACANCY 8.8%
FY16 5.7%
FY17 0.9%
FY18 19.4%
FY19 16.7%
FY20 14.6%
FY21+ 33.9%
WALE 5.1 YEARS
----- End of picture text -----

MIRVAC GROUP PROPERTY COMPENDIUM 30 JUNE 2015

RETAIL m $2,139.5 across 14 investment grade assets Rhodes Waterside, NSW

Comprising 28% of Mirvac investment’s invested capital, the retail portfolio is 99% occupied with 67% of the portfolio located in metropolitan Sydney.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Retail

GRADE DIVERSIFICATION[ 1]

GEOGRAPHIC DIVERSIFICATION[ 1]

==> picture [235 x 52] intentionally omitted <==

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

SUB REGIONAL 57% NSW 67%
CBD RETAIL 21% VIC 4%
NEIGHBOURHOOD 7% QLD 26%
OUTLET 15% ACT 3%
----- End of picture text -----

==> picture [395 x 296] intentionally omitted <==

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% OF RETAIL VALUATION
PORTFOLIO AT 30 JUNE
PROPERTY LOCATION GLA BOOK VALUE CENTRE MAT [2] 2015 [3]
BIRKENHEAD POINT OUTLET CENTRE DRUMMOYNE, NSW 32,895 SQM 15.0% $242.7m $320.7m
BROADWAY SHOPPING CENTRE BROADWAY, NSW 49,436 SQM 13.7% $512.4m $292.1m
CHERRYBROOK VILLAGE SHOPPING CENTRE CHERRYBROOK, NSW 9,559 SQM 4.3% $126.3m $91.0m
GREENWOOD PLAZA NORTH SYDNEY, NSW 8,771 SQM 4.4% $82.2m $93.7m
HARBOURSIDE SYDNEY, NSW 20,667 SQM 12.2% $153.7m $262.0m
METCENTRE SYDNEY, NSW 6,565 SQM 3.2% $76.6m $67.6m
RHODES WATERSIDE RHODES, NSW 32,662 SQM 7.0% $191.0m $149.0m
ST MARYS VILLAGE CENTRE ST MARYS, NSW 15,956 SQM 2.3% $98.1m $48.2m
STANHOPE VILLAGE STANHOPE GARDENS, NSW 18,022 SQM 5.4% $152.0m $116.0m
ORION SPRINGFIELD CENTRAL SPRINGFIELD, QLD 37,743 SQM 11.0% $216.4m $235.0m
KAWANA SHOPPINGWORLD BUDDINA, QLD 38,431 SQM 15.1% $308.2m $322.0m
COMO CENTRE SOUTH YARRA, VIC 6,660 SQM 1.0% $17.7m $21.2m
MOONEE PONDS CENTRAL MOONEE PONDS, VIC 18,663 SQM 3.2% $123.7m $68.6m
COOLEMAN COURT WESTON, ACT 10,689 SQM 2.4% $114.2m $52.4m
TOTAL 306,719 SQM 100.0% $2,139.5m
WEIGHTED AVERAGE LEASE EXPIRY (BY INCOME) 3.8 YEARS
OCCUPANCY % (BY AREA) 99.4%
----- End of picture text -----

BY BOOK VALUE.
2 12 MONTHS TO 30 JUN 2015, IN ACCORDANCE WITH SCCA GUIDELINES.
BOOK VALUES REPRESENT MPT’S OWNERSHIP.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Retail

BIRKENHEAD POINT OUTLET CENTRE

DRUMMOYNE, NSW

==> picture [195 x 125] intentionally omitted <==

Birkenhead Point Outlet Centre is situated five kilometres from the Sydney CBD on a prime 3.7 hectare waterfront site. The asset incorporates a premium outlet centre complemented by a convenience based retail offering, and is anchored by Coles and Aldi, with over 145 specialty tenancies. It also incorporates 3,500sqm of commercial office suites and a marina comprising 201 berths. The centre was extensively refurbished in 2010 and 2011.

==> picture [445 x 347] intentionally omitted <==

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Summary Information
GRADE Outlet Centre
OWNERSHIP 100% MPT1
GLA 32,895 SQM
CAR SPACES 1,395
ACQUISITION DATE Dec 14
LAST EXTERNAL VALUATION DATE 30 Jun 15
VALUATION AT 30 JUN 15 $320.7m2
VALUER CBRE
CAPITALISATION RATE 6.25% - 8.00%
DISCOUNT RATE 8.50% - 9.50%
CENTRE MAT $242.7m
SPECIALTY OCCUPANCY COST 12.5%
Major Tenants GLA SQM Lease Expiry
Coles 2,692 Nov 26
Aldi 1,448 Nov 25
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 23.1%
FY17 17.6%
FY18 14.5%
FY19 16.1%
FY20 9.1%
FY21+ 19.6%
WALE 3.3 YEARS
----- End of picture text -----

Marina operating business owned by Mirvac Limited.
Includes Marina and nearby property 64 Roseby St, Drummoyne.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Retail

BROADWAY SHOPPING CENTRE

BROADWAY, NSW

==> picture [194 x 123] intentionally omitted <==

This dominant sub-regional centre is located on the fringe of the Sydney CBD and services the growing catchment of Sydney's inner city and inner west. The centre is anchored by Coles, Kmart, Target, Hoyts, Aldi and Apple and includes over 140 specialty stores. Broadway Shopping Centre ranked "Number 1" in Shopping Centre News Big Guns Awards for annual turnover per square metre in 2013, 2014 and 2015.

==> picture [440 x 380] intentionally omitted <==

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

Summary Information
GRADE Sub Regional
OWNERSHIP 50% MPT, 50% Perron
GLA 49,436 SQM
CAR SPACES 1,852
ACQUISITION DATE Jan 07
LAST EXTERNAL VALUATION DATE 30 Jun 14
VALUATION AT 30 JUN 15 $292.1m1
VALUER Directors Valuation
CAPITALISATION RATE 6.00%
DISCOUNT RATE 8.75%
CENTRE MAT $512.4m
SPECIALTY OCCUPANCY COST 16.6%
Major Tenants GLA SQM Lease Expiry
Kmart 7,394 Mar 23
Hoyts 4,857 Jul 18
Target 4,721 Apr 27
Coles 4,122 Jul 24
Aldi 1,398 Aug 24
Lease Expiry Profile % Income
VACANCY 0.5%
FY16 17.5%
FY17 11.3%
FY18 11.5%
FY19 20.6%
FY20 10.1%
FY21+ 28.5%
WALE 4.3 YEARS
----- End of picture text -----

Book value represents MPT's ownership. Also includes adjoining property 52-60 Francis St, Glebe.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Retail

CHERRYBROOK VILLAGE SHOPPING CENTRE

CHERRYBROOK, NSW

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Located in north-west Sydney, Cherrybrook Village was constructed in 1989 and was extensively refurbished and expanded in 2004. This single level neighbourhood centre is anchored by a Woolworths supermarket and over 55 specialty tenancies, including a strong fresh food precinct.

==> picture [445 x 346] intentionally omitted <==

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

Summary Information
GRADE Neighbourhood
OWNERSHIP 100% MPT
GLA 9,559 SQM
CAR SPACES 474
ACQUISITION DATE Dec 09
LAST EXTERNAL VALUATION DATE 30 Jun 15
VALUATION AT 30 JUN 15 $91.0m
VALUER JLL
CAPITALISATION RATE 7.00%
DISCOUNT RATE 8.75%
CENTRE MAT $126.3m
SPECIALTY OCCUPANCY COST 16.3%
Major Tenants GLA SQM Lease Expiry
Woolworths 3,832 Mar 25
Martelli's Fruit Market 682 Aug 23
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 26.3%
FY17 12.9%
FY18 14.5%
FY19 5.2%
FY20 13.7%
FY21+ 27.4%
WALE 3.7 YEARS
----- End of picture text -----

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Retail

GREENWOOD PLAZA

NORTH SYDNEY, NSW

==> picture [195 x 125] intentionally omitted <==

Greenwood Plaza is a three level centre at the base of North Sydney's iconic 101-103 Miller Street, providing a major pedestrian thoroughfare to the busy North Sydney train station, with approximately 18 million visitations per annum. It comprises over 95 specialty retail and service outlets, including IGA express.

==> picture [445 x 346] intentionally omitted <==

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

Summary Information
GRADE CBD Retail
OWNERSHIP 50% MPT, 50% TIAA Henderson Real Estate
GLA 8,771 SQM
CAR SPACES 273
ACQUISITION DATE Jun 94
LAST EXTERNAL VALUATION DATE 31 Dec 14
VALUATION AT 30 JUN 15 $93.7m1
VALUER Directors Valuation
CAPITALISATION RATE 6.25%
DISCOUNT RATE 8.75%
CENTRE MAT $82.2m
SPECIALTY OCCUPANCY COST 20.3%
Major Tenants GLA SQM Lease Expiry
Greenwood Hotel 856.3 Nov 17
IGA Express 713 Apr 17
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 29.2%
FY17 15.5%
FY18 30.3%
FY19 9.1%
FY20 9.5%
FY21+ 6.4%
WALE 2.3 YEARS
----- End of picture text -----

Book value represents MPT's ownership.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Retail

HARBOURSIDE

SYDNEY, NSW

==> picture [195 x 125] intentionally omitted <==

Harbourside is a CBD retail centre which stretches over 240 metres of water frontage within Sydney's iconic Darling Harbour. Situated over three levels, the centre is predominantly focused on food catering/restaurants and entertainment. The centre is well-positioned to benefit from the $3 billion urban regeneration of the Darling Harbour precinct currently underway.

==> picture [445 x 360] intentionally omitted <==

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

Summary Information
GRADE CBD Retail
OWNERSHIP 100% MPT
GLA 20,667 SQM
CAR SPACES -
ACQUISITION DATE Jan 14
LAST EXTERNAL VALUATION DATE 31 Dec 14
VALUATION AT 30 JUN 15 $262.0m
VALUER Directors Valuation
CAPITALISATION RATE 6.50%
DISCOUNT RATE 9.00%
CENTRE MAT $153.7m
SPECIALTY OCCUPANCY COST 18.2%
Major Tenants GLA SQM Lease Expiry
Kingpin 2,708 Sep 22
Hard Rock Cafe 1,445 Oct 21
Cyren 1,250 Sep 27
Lease Expiry Profile % Income
VACANCY 4.0%
FY16 21.2%
FY17 9.4%
FY18 14.2%
FY19 8.4%
FY20 11.4%
FY21+ 31.4%
WALE 3.9 YEARS
----- End of picture text -----

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Retail

METCENTRE

SYDNEY, NSW

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The Metcentre is located at the base of 60 Margaret Street, Sydney and adjoins Wynyard train station. It has excellent exposure to George Street drawing approximately 11 million visitations per annum. The centre is anchored by a recently expanded Woolworths supermarket and comprises over 70 specialty stores.

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Summary Information
GRADE CBD Retail
OWNERSHIP 50% MPT, 50% MTAA
GLA 6,565 SQM
CAR SPACES -
ACQUISITION DATE Aug 98
LAST EXTERNAL VALUATION DATE 31 Dec 14
VALUATION AT 30 JUN 15 $67.6m1
VALUER Directors Valuation
CAPITALISATION RATE 6.50%
DISCOUNT RATE 8.75%
CENTRE MAT $76.6m
SPECIALTY OCCUPANCY COST 22.9%
Major Tenants GLA SQM Lease Expiry
Woolworths 1,486 Aug 29
Lease Expiry Profile % Income
VACANCY 0.7%
FY16 31.5%
FY17 12.6%
FY18 12.1%
FY19 13.0%
FY20 13.3%
FY21+ 16.8%
WALE 3.3 YEARS
----- End of picture text -----

Book value represents MPT's ownership.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Retail

RHODES WATERSIDE

RHODES, NSW

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Rhodes Waterside is co-located with IKEA in the vibrant Rhodes residential and office precinct. Major retailers include Coles, Target, Bing Lee and Reading Cinemas in addition to over 110 specialty stores. The centre features a recently introduced outdoor dining and reasturant precinct.

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Summary Information
GRADE Sub Regional
OWNERSHIP 50% MPT, 50% Perron
GLA 32,662 SQM
CAR SPACES 2,460
ACQUISITION DATE Jan 07
LAST EXTERNAL VALUATION DATE 30 Jun 15
VALUATION AT 30 JUN 15 $149.0m1
VALUER Urbis
CAPITALISATION RATE 6.25%
DISCOUNT RATE 8.50%
CENTRE MAT $191.0m
SPECIALTY OCCUPANCY COST 17.5%
Major Tenants GLA SQM Lease Expiry
Target 3,795 Nov 24
Coles 3,497 Dec 19
Reading Cinema 2,841 Dec 19
Bing Lee 2,005 Dec 16
Lease Expiry Profile % Income
VACANCY 0.6%
FY16 23.7%
FY17 17.5%
FY18 6.3%
FY19 8.0%
FY20 17.3%
FY21+ 26.6%
WALE 3.5 YEARS
----- End of picture text -----

Book value represents MPT's ownership.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Retail

ST MARYS VILLAGE CENTRE

ST MARYS, NSW

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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 ground level parking.

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Summary Information
GRADE Sub Regional
OWNERSHIP 100% MPT
GLA 15,956 SQM
CAR SPACES 551
ACQUISITION DATE Jan 03
LAST EXTERNAL VALUATION DATE 31 Dec 14
VALUATION AT 30 JUN 15 $48.2m
VALUER Directors Valuation
CAPITALISATION RATE 7.25%
DISCOUNT RATE 9.00%
CENTRE MAT $98.1m
SPECIALTY OCCUPANCY COST 11.5%
Major Tenants GLA SQM Lease Expiry
Target 8,109 Jul 21
Woolworths 4,046 Nov 25
Lease Expiry Profile % Income
VACANCY 1.0%
FY16 16.7%
FY17 14.8%
FY18 6.3%
FY19 9.1%
FY20 20.7%
FY21+ 31.4%
WALE 4.2 YEARS
----- End of picture text -----

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Retail

STANHOPE VILLAGE

STANHOPE GARDENS, NSW

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Developed by Mirvac in the rapidly growing north-west corridor of Sydney, Stanhope Village is conveniently situated adjacent to the area's busy leisure centre and pool facility. The centre, which has undergone extensive refurbishment in the last two years, is anchored by Coles, Kmart and Aldi and features more than 70 specialty stores, including a vibrant new dining precinct completed in March 2015.

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Summary Information
GRADE Sub Regional
OWNERSHIP 100% MPT
GLA 18,022 SQM
CAR SPACES 760
ACQUISITION DATE Nov 03
LAST EXTERNAL VALUATION DATE 31 Dec 13
VALUATION AT 30 JUN 15 $116.0m
VALUER Directors Valuation
CAPITALISATION RATE 7.00%
DISCOUNT RATE 9.00%
CENTRE MAT $152.0m
SPECIALTY OCCUPANCY COST 10.6%
Major Tenants GLA SQM Lease Expiry
Kmart 5,060 Mar 22
Coles 3,500 Nov 18
Aldi 1,329 Aug 28
Lease Expiry Profile % Income
VACANCY 0.5%
FY16 12.2%
FY17 3.8%
FY18 2.2%
FY19 30.5%
FY20 14.1%
FY21+ 36.7%
WALE 4.7 YEARS
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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Retail

KAWANA SHOPPINGWORLD

BUDDINA, QLD

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Located in the growing region of Queensland's Sunshine Coast, the centre was redeveloped and expanded in 2014, repositioning Kawana as a dominant convenience-based centre. The centre incorporates Woolworths, Coles, Aldi, Big W, six mini majors and approximately 140 specialty stores, including the introduction of youth fashion and lifestyle retailers and a casual dining precinct.

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Summary Information
GRADE Sub Regional
OWNERSHIP 100% MPT
GLA 38,431 SQM
CAR SPACES 1,720
ACQUISITION DATE Dec 93 (50%) Jun 98 (50%)
LAST EXTERNAL VALUATION DATE 31 Dec 14
VALUATION AT 30 JUN 15 $322.0m
VALUER Directors Valuation
CAPITALISATION RATE 6.25%
DISCOUNT RATE 8.75%
CENTRE MAT $308.2m
SPECIALTY OCCUPANCY COST 14.3%
Major Tenants GLA SQM Lease Expiry
Big W 8,383 Jun 21
Woolworths 3,649 Nov 19
Coles 3,351 Oct 17
Aldi 1,430 Jul 24
Lease Expiry Profile % Income
VACANCY 0.5%
FY16 23.2%
FY17 7.8%
FY18 6.1%
FY19 15.2%
FY20 18.0%
FY21+ 29.2%
WALE 3.6 YEARS
----- End of picture text -----

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Retail

ORION SPRINGFIELD CENTRAL

SPRINGFIELD, QLD

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Located in Brisbane's rapidly growing south-western corridor, the centre, which was developed by Mirvac and opened in March 2007, incorporates Woolworths, Big W, Aldi, Spotlight and over 110 specialty stores, as well as nine pad sites. Construction of the Stage 2 expansion (approximately 32,000sqm), is currently underway and will include Coles, Target, Event Cinemas, mini-majors and approximately 60 specialty tenants and commercial office suites. On completion, which is expected in the second half of FY16, Orion Springfield Central will form a major town centre of over 65,000sqm.

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Summary Information
GRADE Sub Regional
OWNERSHIP 100% MPT
GLA 37,743 SQM
CAR SPACES 2,094
ACQUISITION DATE Aug 02
LAST EXTERNAL VALUATION DATE 31 Dec 14
VALUATION AT 30 JUN 15 $235.0m1
VALUER Directors Valuation
CAPITALISATION RATE 6.50%
DISCOUNT RATE 9.00%
CENTRE MAT $216.4m
SPECIALTY OCCUPANCY COST 11.6%
Major Tenants GLA SQM Lease Expiry
Big W 7,988 Mar 27
Woolworths 4,471 Mar 27
Spotlight 2,285 Oct 17
Aldi 1,293 Dec 19
Lease Expiry Profile % Income
VACANCY 0.8%
FY16 18.6%
FY17 21.8%
FY18 10.6%
FY19 9.4%
FY20 8.8%
FY21+ 30.0%
WALE 4.3 YEARS
----- End of picture text -----

Book value excludes development costs to complete on stage 2 expansion.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Retail

COMO CENTRE

SOUTH YARRA, VIC

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Como Centre is a mixed-use office, retail and hotel complex, with the retail component comprising over 25 specialty stores and an art house cinema. The centre is located on the corner of the popular retail strips of Chapel Street and Toorak Road, in the affluent Melbourne area of South Yarra.

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Summary Information
GRADE CBD Retail
OWNERSHIP 100% MPT
GLA 6,660 SQM
CAR SPACES -
ACQUISITION DATE Aug 98
LAST EXTERNAL VALUATION DATE 30 Jun 15
VALUATION AT 30 JUN 15 $21.2m
VALUER Knight Frank
CAPITALISATION RATE 7.50%
DISCOUNT RATE 8.50%
CENTRE MAT $17.7m
SPECIALTY OCCUPANCY COST 15.0%
Major Tenants GLA SQM Lease Expiry
Cinema Como 1,911 Feb 20
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 33.5%
FY17 23.3%
FY18 6.3%
FY19 4.7%
FY20 23.9%
FY21+ 8.3%
WALE 2.7 YEARS
----- End of picture text -----

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Retail

MOONEE PONDS CENTRAL

MOONEE PONDS, VIC

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Moonee Ponds Central is a sub-regional centre located 7 kilometres north of the Melbourne CBD and 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 includes Kmart, Coles and an Aldi Supermarket as well as over 55 specialty stores.

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Summary Information
GRADE Sub Regional
OWNERSHIP 100% MPT
GLA 18,663 SQM
CAR SPACES 380
ACQUISITION DATE May 03 & Feb 08
LAST EXTERNAL VALUATION DATE 30 Jun 14
VALUATION AT 30 JUN 15 $68.6m
VALUER Directors Valuation
CAPITALISATION RATE 7.75%
DISCOUNT RATE 9.00%
CENTRE MAT $123.7m
SPECIALTY OCCUPANCY COST 17.0%
Major Tenants GLA SQM Lease Expiry
Kmart 4,728 Mar 24
Coles 4,000 May 22
Aldi 1,221 Mar 23
Lease Expiry Profile % Income
VACANCY 1.8%
FY16 26.2%
FY17 11.2%
FY18 4.3%
FY19 7.7%
FY20 5.8%
FY21+ 43.0%
WALE 4.2 YEARS
----- End of picture text -----

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Retail

COOLEMAN COURT

WESTON, ACT

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Cooleman Court is a neighbourhood centre located in the Canberra suburb of Weston. The centre comprises two supermarkets, Woolworths and Aldi, a Target Country, Best & Less and over 35 specialty stores. The new residential area of Molonglo Valley is currently being developed a few kilometres from Cooleman Court and is having a positive impact on the centre.

==> picture [445 x 347] intentionally omitted <==

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

Summary Information
GRADE Neighbourhood
OWNERSHIP 100% MPT
GLA 10,689 SQM
CAR SPACES 500
ACQUISITION DATE Dec 09
LAST EXTERNAL VALUATION DATE 31 Dec 13
VALUATION AT 30 JUN 15 $52.4m
VALUER Directors Valuation
CAPITALISATION RATE 7.50%
DISCOUNT RATE 9.00%
CENTRE MAT $114.2m
SPECIALTY OCCUPANCY COST 13.5%
Major Tenants GLA SQM Lease Expiry
Woolworths 3,102 Jul 23
Aldi 1,396 Jan 19
Lease Expiry Profile % Income
VACANCY 1.2%
FY16 12.5%
FY17 21.5%
FY18 17.4%
FY19 10.8%
FY20 9.7%
FY21+ 26.9%
WALE 3.8 YEARS
----- End of picture text -----

MIRVAC GROUP PROPERTY COMPENDIUM 30 JUNE 2015

INDUSTRIAL

m $661.0 across 15 investment grade assets Hoxton Park Distribution Centre, NSW

Comprising 9% of Mirvac investment’s invested capital, the industrial portfolio is 98.7% occupied with a weighted average lease expiry of 7.6 years.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Industrial

GEOGRAPHIC DIVERSIFICATION[ 1]

==> picture [75 x 41] intentionally omitted <==

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SYDNEY 90%
MELBOURNE 3%
USA 7%
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==> picture [395 x 292] intentionally omitted <==

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% OF
INDUSTIRAL VALUATION
PORTFOLIO AT 30 JUNE
PROPERTY LOCATION NLA BOOK VALUE 2015 [2]
HOXTON DISTRIBUTION PARK HOXTON PARK, NSW 128,379 SQM 20.0% $131.7m
39 HERBERT STREET ST LEONARDS, NSW 36,607 SQM 23.2% $153.5m
NEXUS INDUSTRY PARK (BUILDING 1), LYN PARADE PRESTONS, NSW 13,120 SQM 3.3% $21.6m
NEXUS INDUSTRY PARK (BUILDING 2), LYN PARADE PRESTONS, NSW 9,709 SQM 2.2% $14.6m
NEXUS INDUSTRY PARK (BUILDING 3), LYN PARADE PRESTONS, NSW 17,250 SQM 4.2% $27.5m
NEXUS INDUSTRY PARK (BUILDING 4), LYN PARADE PRESTONS, NSW 23,356 SQM 6.0% $39.7m
NEXUS INDUSTRY PARK (BUILDING 5), LYN PARADE PRESTONS, NSW 12,339 SQM 3.1% $20.6m
1-47 PERCIVAL ROAD SMITHFIELD, NSW 22,546 SQM 5.4% $35.9m
8 BRABHAM DRIVE HUNTINGWOOD, NSW 6,249 SQM 3.0% $19.7m
39 BRITTON STREET SMITHFIELD, NSW 13,390 SQM 3.2% $21.1m
34-39 ANZAC AVENUE SMEATON GRANGE, NSW 22,062 SQM 3.5% $23.3m
271 LANE COVE ROAD NORTH RYDE, NSW 11,516 SQM 4.9% $32.3m
60 WALLGROVE ROAD EASTERN CREEK, NSW – 8.4% $55.7m
47-67 WESTGATE DRIVE ALTONA NORTH, VIC 26,911 SQM 2.8% $18.7m
1900-2060 PRATT BOULEVARD CHICAGO ILLINOIS, USA 49,982 SQM 6.8% $45.1m
TOTAL 393,416 SQM 100.0% $661.0m
WEIGHTED AVERAGE LEASE EXPIRY (BY INCOME) 7.6 YEARS
OCCUPANCY % (BY AREA) 98.7%
----- End of picture text -----

BY BOOK VALUE.
BOOK VALUES REPRESENT MPT’S OWNERSHIP.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Industrial

HOXTON DISTRIBUTION PARK

HOXTON PARK, NSW

==> picture [195 x 125] intentionally omitted <==

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

==> picture [445 x 307] intentionally omitted <==

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Summary Information
OWNERSHIP 50% MPT, 50% Aviva Australia
NLA 128,379 SQM
CAR SPACES 787
ACQUISITION DATE Jul 10
LAST EXTERNAL VALUATION DATE 30 Jun 15
VALUATION AT 30 JUN 15 $131.7m1
VALUER CBRE
CAPITALISATION RATE 6.00%
DISCOUNT RATE 8.00%
Major Tenants NLA SQM Lease Expiry
Woolworths (Big W) 84,910 Feb 37
Woolworths (Dick Smith) 43,469 Jan 32
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 0.0%
FY17 0.0%
FY18 0.0%
FY19 0.0%
FY20 0.0%
FY21+ 100.0%
WALE 20.0 YEARS
----- End of picture text -----

Book value represents MPT's ownership.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Industrial

39 HERBERT STREET

ST LEONARDS, NSW

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39 Herbert Street is a high-quality 3.7ha business park on Sydney's lower North Shore, located 3 kilometres from North Sydney CBD, 6 kilometres from the Sydney CBD and near St Leonards train station. It comprises two commercial buildings, 22 industrial/warehouse/office units as well as a childcare centre and a multi-storey carpark.

==> picture [445 x 307] intentionally omitted <==

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

Summary Information
OWNERSHIP 100% MPT
NLA 36,607 SQM
CAR SPACES 548
ACQUISITION DATE Jan 15
LAST EXTERNAL VALUATION DATE -
VALUATION AT 30 JUN 15 $153.5m
VALUER Directors Valuation
CAPITALISATION RATE 6.75%
DISCOUNT RATE 8.75%
Major Tenants NLA SQM Lease Expiry
Interactive Pty Limited 11,504 Nov 30
Westcon Group Pty Limited 4,731 Jun 19
Lease Expiry Profile % Income
VACANCY 8.2%
FY16 6.7%
FY17 4.5%
FY18 6.8%
FY19 19.3%
FY20 6.0%
FY21+ 48.5%
WALE 8.2 YEARS
----- End of picture text -----

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Industrial

NEXUS INDUSTRY PARK (BUILDING 1), LYN PARADE

PRESTONS, NSW

==> picture [195 x 125] intentionally omitted <==

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

==> picture [445 x 294] intentionally omitted <==

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

Summary Information
OWNERSHIP 100% MPT
NLA 13,120 SQM
CAR SPACES 125
ACQUISITION DATE Aug 04
LAST EXTERNAL VALUATION DATE 30 Jun 15
VALUATION AT 30 JUN 15 $21.6m
VALUER Savills
CAPITALISATION RATE 7.25%
DISCOUNT RATE 8.75%
Major Tenants NLA SQM Lease Expiry
Atlas Steel (Australia) 13,120 Apr 21
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 0.0%
FY17 0.0%
FY18 0.0%
FY19 0.0%
FY20 0.0%
FY21+ 100.0%
WALE 5.8 YEARS
----- End of picture text -----

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Industrial

NEXUS INDUSTRY PARK (BUILDING 2), LYN PARADE

PRESTONS, NSW

==> picture [195 x 125] intentionally omitted <==

Developed by Mirvac, this building was purpose built for NatSteel Australia in 2006. It adjoins four other industrial facilities on the former Liverpool Showground site, with excellent exposure and access to the M5 and M7 Motorways.

==> picture [445 x 294] intentionally omitted <==

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

Summary Information
OWNERSHIP 100% MPT
NLA 9,709 SQM
CAR SPACES 70
ACQUISITION DATE Aug 04
LAST EXTERNAL VALUATION DATE 31 Dec 14
VALUATION AT 30 JUN 15 $14.6m
VALUER Directors Valuation
CAPITALISATION RATE 7.25%
DISCOUNT RATE 8.75%
Major Tenants NLA SQM Lease Expiry
Best Bar (NSW) Pty Ltd 9,709 Nov 21
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 0.0%
FY17 0.0%
FY18 0.0%
FY19 0.0%
FY20 0.0%
FY21+ 100.0%
WALE 6.4 YEARS
----- End of picture text -----

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Industrial

NEXUS INDUSTRY PARK (BUILDING 3), LYN PARADE

PRESTONS, NSW

==> picture [195 x 125] intentionally omitted <==

Developed and built by Mirvac in 2007, this building adjoins four other industrial facilities developed on the former Liverpool Showground site, with excellent exposure and access to the M5 and M7 Motorways.

==> picture [445 x 294] intentionally omitted <==

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

Summary Information
OWNERSHIP 100% MPT
NLA 17,250 SQM
CAR SPACES 163
ACQUISITION DATE Aug 04
LAST EXTERNAL VALUATION DATE 30 Jun 15
VALUATION AT 30 JUN 15 $27.5m
VALUER Savills
CAPITALISATION RATE 7.50%
DISCOUNT RATE 8.75%
Major Tenants NLA SQM Lease Expiry
De'longhi Australia 17,250 Feb 18
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 0.0%
FY17 0.0%
FY18 100.0%
FY19 0.0%
FY20 0.0%
FY21+ 0.0%
WALE 2.7 YEARS
----- End of picture text -----

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Industrial

NEXUS INDUSTRY PARK (BUILDING 4), LYN PARADE

PRESTONS, NSW

==> picture [195 x 125] intentionally omitted <==

Developed by Mirvac, this building was purpose built for HPM Legrand Australia in 2011. It adjoins four other industrial facilities developed on the former Liverpool Showground site, with excellent exposure and access to the M5 and M7 Motorways.

==> picture [445 x 294] intentionally omitted <==

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

Summary Information
OWNERSHIP 100% MPT
NLA 23,356 SQM
CAR SPACES 212
ACQUISITION DATE Aug 04
LAST EXTERNAL VALUATION DATE 31 Dec 13
VALUATION AT 30 JUN 15 $39.7m
VALUER Directors Valuation
CAPITALISATION RATE 7.25%
DISCOUNT RATE 8.75%
Major Tenants NLA SQM Lease Expiry
Legrand Australia Pty Ltd 23,356 Oct 21
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 0.0%
FY17 0.0%
FY18 0.0%
FY19 0.0%
FY20 0.0%
FY21+ 100.0%
WALE 6.3 YEARS
----- End of picture text -----

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Industrial

NEXUS INDUSTRY PARK (BUILDING 5), LYN PARADE

PRESTONS, NSW

==> picture [195 x 125] intentionally omitted <==

Developed by Mirvac in 2008, this building adjoins four other industrial facilities developed on the former Liverpool Showground site, with excellent exposure and access to the M5 and M7 Motorways.

==> picture [445 x 294] intentionally omitted <==

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

Summary Information
OWNERSHIP 100% MPT
NLA 12,339 SQM
CAR SPACES 103
ACQUISITION DATE Aug 04
LAST EXTERNAL VALUATION DATE 31 Dec 14
VALUATION AT 30 JUN 15 $20.6m
VALUER Directors Valuation
CAPITALISATION RATE 7.25%
DISCOUNT RATE 8.75%
Major Tenants NLA SQM Lease Expiry
Australian Brushware Corporation Pty Ltd 12,339 Mar 22
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 0.0%
FY17 0.0%
FY18 0.0%
FY19 0.0%
FY20 0.0%
FY21+ 100.0%
WALE 6.8 YEARS
----- End of picture text -----

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Industrial

1-47 PERCIVAL ROAD

SMITHFIELD, NSW

==> picture [195 x 125] intentionally omitted <==

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

==> picture [445 x 307] intentionally omitted <==

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

Summary Information
OWNERSHIP 100% MPT
NLA 22,545 SQM
CAR SPACES 207
ACQUISITION DATE Nov 02
LAST EXTERNAL VALUATION DATE 31 Dec 13
VALUATION AT 30 JUN 15 $35.9m
VALUER Directors Valuation
CAPITALISATION RATE 7.50%
DISCOUNT RATE 8.75%
Major Tenants NLA SQM Lease Expiry
Sandvik Australia Pty Ltd 12,115 Jun 22
Voith Turbo Pty Ltd 4,993 Jul 24
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 0.0%
FY17 20.4%
FY18 0.0%
FY19 0.0%
FY20 0.0%
FY21+ 79.6%
WALE 6.5 YEARS
----- End of picture text -----

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Industrial

39 BRITTON STREET

SMITHFIELD, NSW

==> picture [195 x 125] intentionally omitted <==

Developed in 1998, 39 Britton Street is a high-clearance warehouse with six loading docks and an adjoining twostorey office and amenities block.

==> picture [445 x 294] intentionally omitted <==

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

Summary Information
OWNERSHIP 100% MPT
NLA 13,390 SQM
CAR SPACES -
ACQUISITION DATE Jan 15
LAST EXTERNAL VALUATION DATE -
VALUATION AT 30 JUN 15 $21.1m
VALUER Directors Valuation
CAPITALISATION RATE 7.25%
DISCOUNT RATE 8.75%
Major Tenants NLA SQM Lease Expiry
Snack Brands Industries Pty Ltd 13,390 Jul 20
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 0.0%
FY17 0.0%
FY18 0.0%
FY19 0.0%
FY20 0.0%
FY21+ 100.0%
WALE 5.1 YEARS
----- End of picture text -----

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Industrial

8 BRABHAM DRIVE

HUNTINGWOOD, NSW

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

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Summary Information
OWNERSHIP 100% MPT
NLA 6,249 SQM
CAR SPACES -
ACQUISITION DATE Jan 15
LAST EXTERNAL VALUATION DATE -
VALUATION AT 30 JUN 15 $19.7m
VALUER Directors Valuation
CAPITALISATION RATE 7.00%
DISCOUNT RATE 8.75%
Major Tenants NLA SQM Lease Expiry
BagTrans Pty Ltd 6,249 Apr 24
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 0.0%
FY17 0.0%
FY18 0.0%
FY19 0.0%
FY20 0.0%
FY21+ 100.0%
WALE 8.8 YEARS
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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Industrial

34-39 ANZAC AVENUE

SMEATON GRANGE, NSW

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

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Summary Information
OWNERSHIP 100% MPT
NLA 22,062 SQM
CAR SPACES 181
ACQUISITION DATE Jan 15
LAST EXTERNAL VALUATION DATE -
VALUATION AT 30 JUN 15 $23.3m
VALUER Directors Valuation
CAPITALISATION RATE 8.00%
DISCOUNT RATE 9.00%
Major Tenants NLA SQM Lease Expiry
Schneider Electric IT Australia Pty Ltd 11,009 Nov 17
Moxon & Company Pty Limited 3,698 Dec 15
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 17.6%
FY17 17.3%
FY18 47.9%
FY19 0.0%
FY20 17.2%
FY21+ 0.0%
WALE 2.3 YEARS
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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Industrial

271 LANE COVE ROAD

NORTH RYDE, NSW

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271 Lane Cove Road is located approximately 12km from the Sydney CBD and comprises two office/warehouse buildings with ample onsite parking. It is situated adjacent to the Macquarie Park railway station on the corner of Lane Cove and Waterloo Roads, and has development approval for future commercial development in place.

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Summary Information
OWNERSHIP 100% MPT
NLA 11,516 SQM
CAR SPACES 282
ACQUISITION DATE Apr 00
LAST EXTERNAL VALUATION DATE 30 Jun 14
VALUATION AT 30 JUN 15 $32.3m
VALUER Directors Valuation
CAPITALISATION RATE 8.25%
DISCOUNT RATE 9.00%
Major Tenants NLA SQM Lease Expiry
Foxtel Management Pty Ltd 6,718 Mar 18
Work Arena Pty Limited 2,816 May 18
Lease Expiry Profile % Income
VACANCY 11.3%
FY16 0.0%
FY17 0.0%
FY18 88.7%
FY19 0.0%
FY20 0.0%
FY21+ 0.0%
WALE 2.5 YEARS
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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Industrial

60 WALLGROVE ROAD

EASTERN CREEK, NSW

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60 Wallgrove Road, Eastern Creek was purchased by Mirvac in January 2014 and is leased to the Commonwealth of Australia (Department of Agriculture, Fisheries & Forestry) until March 16. The site is located at the junction of the M4 and M7 Motorways in Eastern Creek, providing unparalleled connectivity to Sydney's key motorways. Mirvac has received master plan concept approval for the development of a prime grade industrial transport and logistics business park, comprising five buildings, to be delivered on a staged basis. A State Significant Development Application has been lodged, with approval anticipated towards the end of 2015.

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Summary Information
OWNERSHIP 100% MPT
NLA -
CAR SPACES -
ACQUISITION DATE Jan 14
LAST EXTERNAL VALUATION DATE 30 Jun 14
VALUATION AT 30 JUN 15 $55.7m
VALUER Directors Valuation
CAPITALISATION RATE -
DISCOUNT RATE -
Major Tenants NLA SQM Lease Expiry
Dept of Agriculture Fisheries & Forestry - Mar 16
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 100.0%
FY17 0.0%
FY18 0.0%
FY19 0.0%
FY20 0.0%
FY21+ 0.0%
WALE 0.8 YEARS
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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Industrial

47-67 WESTGATE DRIVE

ALTONA NORTH, VIC

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

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Summary Information
OWNERSHIP 100% MPT
NLA 26,911 SQM
CAR SPACES 183
ACQUISITION DATE Dec 09
LAST EXTERNAL VALUATION DATE 31 Dec 13
VALUATION AT 30 JUN 15 $18.7m
VALUER Directors Valuation
CAPITALISATION RATE 9.50%
DISCOUNT RATE 9.75%
Major Tenants NLA SQM Lease Expiry
Brands Collective Pty Ltd 26,911 Apr 17
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 0.0%
FY17 100.0%
FY18 0.0%
FY19 0.0%
FY20 0.0%
FY21+ 0.0%
WALE 1.8 YEARS
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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Industrial

1900-2060 PRATT BOULEVARD

CHICAGO ILLINOIS, USA

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This versatile industrial facility is located in the Chicago Metropolitan area, the largest industrial market in the USA, and lies adjacent to the O'Hare International Airport. The property is currently leased and provides a medium-term redevelopment opportunity.

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Summary Information
OWNERSHIP 100% MPT
NLA 49,982 SQM
CAR SPACES 1,638
ACQUISITION DATE Dec 07
LAST EXTERNAL VALUATION DATE 31 Dec 13
VALUATION AT 30 JUN 15 $45.1m
VALUER Directors Valuation
CAPITALISATION RATE 7.25%
DISCOUNT RATE 8.50%
Major Tenants NLA SQM Lease Expiry
Clear Lam 39,638 Apr 21
D & W Wine Pack 10,344 Apr 21
Lease Expiry Profile % Income
VACANCY 0.0%
FY16 0.0%
FY17 0.0%
FY18 0.0%
FY19 0.0%
FY20 0.0%
FY21+ 100.0%
WALE 5.8 YEARS
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MIRVAC GROUP PROPERTY COMPENDIUM 30 JUNE 2015 OTHER

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Other

PROPERTY LOCATION AREA % OF OTHER PORTFOLIO BOOK VALUE VALUATION AT 30 JUNE 2015	PROPERTY LOCATION AREA % OF OTHER PORTFOLIO BOOK VALUE VALUATION AT 30 JUNE 2015	PROPERTY LOCATION AREA % OF OTHER PORTFOLIO BOOK VALUE VALUATION AT 30 JUNE 2015	PROPERTY LOCATION AREA % OF OTHER PORTFOLIO BOOK VALUE VALUATION AT 30 JUNE 2015
THE COMO MELBOURNE SOUTH YARRA, VIC	107 ROOMS	33.6%	$29.5m
QUAY WEST CAR PARK, 109-111 HARRINGTON STREET SYDNEY, NSW	598 CAR SPACES	34.2%	$30.0m
THE COMO CENTRE CAR PARK, CHAPEL STREET SOUTH YARRA, VIC	627 CAR SPACES	32.2%	$28.3m
TOTAL		100.0%	$87.8m

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Other

THE COMO MELBOURNE

SOUTH YARRA, VIC

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The Como is a five star boutique hotel which forms part of the mixed-use Como complex in the sought-after inner south-eastern suburb of South Yarra. A full refurbishment of all 107 rooms was completed in September 2012.

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Summary Information
OWNERSHIP 100% MPT
ROOMS 107 Rooms
OCCUPANCY 80.00%
AVERAGE ROOM RATE $250
STAR RATING 5 Star
ACQUISITION DATE Aug 98
LAST EXTERNAL VALUATION DATE 30 Jun 15
VALUATION AT 30 JUN 15 $29.5m
VALUER Knight Frank
CAPITALISATION RATE 8.00%
DISCOUNT RATE 12.00%
AREA 107 Rooms
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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment

Other

QUAY WEST CAR PARK, 109-111 HARRINGTON STREET

SYDNEY, NSW

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

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Summary Information
OWNERSHIP 100% MPT
CAR SPACES 598
ACQUISITION DATE Nov 89
LAST EXTERNAL VALUATION DATE 30 Jun 15
VALUATION AT 30 JUN 15 $30.0m
VALUER Colliers International
CAPITALISATION RATE 7.25%
DISCOUNT RATE 9.25%
AREA 598 car spaces
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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment Other

THE COMO CENTRE CAR PARK, CHAPEL STREET

SOUTH YARRA, VIC

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This property is a multi-level car park servicing the Como Centre complex, including office, hotel, cinemas and retail.

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Summary Information
OWNERSHIP 100% MPT
CAR SPACES 627 car spaces
ACQUISITION DATE Aug 98
LAST EXTERNAL VALUATION DATE 30 Jun 15
VALUATION AT 30 JUN 15 $28.3m
VALUER Knight Frank
CAPITALISATION RATE 7.50%
DISCOUNT RATE 9.50%
AREA 627 car spaces
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MIRVAC GROUP
PROPERTY
COMPENDIUM
30 JUNE 2015
MIRVAC
INVESTMENT
MANAGEMENT
Seascapes, WA
71
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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Investment Management

INVESTMENT MANAGEMENT

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WHOLESALE FUNDS UNDER MANAGEMENT
$682.9 MILLION
FUNDS
TUCKER BOX HOTEL GROUP
MIRVAC WHOLESALE RESIDENTIAL DEVELOPMENT PARTNERSHIP
JF INFRASTRUCTURE YIELD FUND
FUNDS UNDER MANAGEMENT
RETAIL
$16.0 MILLION
UNLISTED
MIRVAC DEVELOPMENT FUND – SEASCAPES
MIRVAC DEVELOPMENT FUND – MEADOW SPRINGS
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INVESTMENT MANAGEMENT / WHOLESALE

TUCKER BOX HOTEL GROUP
FOCUS FUM ($M)1	NO OF INVESTORS
Wholesale 480.4	2

The Tucker Box Hotel Group is a sector specific wholesale fund established in March 2005 and focuses on the 3 to 3.5 star, limited service hotel market in Australia and New Zealand. The portfolio comprises 12 hotels and 1,963 rooms with a value of $464.3m all of which are leased to Value Lodging Pty Limited, a subsidiary of Toga Hospitality.

MIRVAC WHOLESALE RESIDENTIAL DEVELOPMENT PARTNERSHIP

FOCUS FUM	($M)1 NO	OF	INVESTORS
Wholesale	147.4		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 2,285 lots and 1,152 medium density units.

JF INFRASTRUCTURE YIELD FUND

FOCUS FUM	($M)1 NO	OF	INVESTORS
Wholesale	55.1		40

The principal activity of the Fund is investment in unlisted Australian public infrastructure assets.

INVESTMENT MANAGEMENT / UNLISTED

MIRVAC DEVELOPMENT FUNDS — SEASCAPES & MEADOW SPRINGS

FOCUS FUM ($M)1	NO OF INVESTORS
Retail 16.0	440

The Mirvac Development Fund – Seascapes, is an unlisted, closed-end, single project fund, established in November 2005 for the purposes of acquiring, developing and selling Stages 17 – 27 of the Seascapes Estate in Mandurah, Western Australia. Following final distributions to the unit holders as the project is completed, the fund terminated effective 30 June 2015.

The Mirvac Development Fund – Meadow Springs, is an unlisted, closed-end, single project fund, established in May 2006 for the purposes of acquiring, developing and selling Stages 17 and 19 – 24 of the Meadow Springs Estate in Mandurah, Western Australia.

1 SUBJECT TO FINAL AUDIT AND BOARD APPROVAL.

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MIRVAC GROUP
PROPERTY
COMPENDIUM
30 JUNE 2015
DEVELOPMENT
Harcrest, VIC
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,
in the residential, office, retail & industrial sectors, that
exceed customers’ expectations and lead the market.
73
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MIRVAC GROUP
PROPERTY
COMPENDIUM
30 JUNE 2015
RESIDENTIAL
Tullamore, Melbourne
74
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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Residential Development

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EXPECTED REVENUE LOTS UNDER CONTROL
$12.3 BILLION 33,064 LOTS
NSW 44.9% NSW 34.6%
VIC 34.6% VIC 40.5%
WA 7.5% WA 7.4%
QLD 13.0% QLD 17.5%
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MIRVAC SHARE EXPECTED REVENUE MASTERPLANNED COMMUNITIES $9.8 BILLION $5.1 BILLION

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NSW 41.9% NSW 31.4%
VIC 35.1 % VIC 44.3%
WA 7.0 % WA 5.0%
QLD 16.1 % QLD 19.3%
APARTMENTS
$4.7 BILLION
NSW 53.7%
VIC 24.9%
WA 9.0%
QLD 12.5%
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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

New South Wales

PROPERTY	LOCATION
THE AVENUE, ALEX AVENUE	SCHOFIELDS, NSW
BONDI MORETON, WELLINGTON STREET	BONDI, NSW
ELIZABETH HILLS, CNR OF STIRLING & FEODORE DRIVE	ELIZABETH HILLS, NSW
ELIZABETH POINT, CNR OF AVIATION ROAD & AIRFIELD DRIVE	ELIZABETH HILLS, NSW
GILLIESTON, SADDLER DRIVE (OFF CESSNOCK ROAD)	GILLIESTON HEIGHTS, NSW
GOOGONG, GOOGONG DAM ROAD	GOOGONG, NSW
GREEN SQUARE, BOTANY ROAD	ZETLAND, NSW
HAROLD PARK, ROSS STREET	GLEBE, NSW
NEW BRIGHTON, BRICKMAKERS DRIVE	MOOREBANK, NSW
NEWBURY ESTATE, OLD WINDSOR ROAD	STANHOPE GARDENS, NSW
PANORAMA, 23 BODDINGTONS ROAD	GLENFIELD, NSW

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development New South Wales

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MIRVAC SHARE EXPECTED REVENUE LOTS UNDER CONTROL
$4.1 BILLION 11,454
MasterplannedCommunities 39% MasterplannedCommunities 71%
Apartments 61% Apartments 29%
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IN PROGRESS

PROPERTY ACQUISITION DATE LOCATION PROJECT VALUE (INC GST) TOTAL LOTS RELEASED EXCHANGED SETTLED SETTLEMENT/EXPECTED SETTLEMENT DATE1 CURRENT PRICE RANGE FROM TO FROM TO CONSTRUCTION PROGRESS2 DESCRIPTION Alex Avenue (The Avenue) Schofields $163.9m 389 320 267 247 FY14 FY19 $280,000 $731,533 MPC - Mix of land & housing Precinct 1 Jul 12 $106.9m 260 242 234 214 FY14 FY19 $295,000 $731,533 90% Precinct 2 Jan 13 $13.9m 41 33 33 33 FY15 FY19 $312,900 $550,000 80% Precinct 3 Jul 14 $43.1m 88 45 0 0 FY16 FY16 $280,000 $373,000 0% Bondi Dec 13 Bondi $250.2m 191 190 189 0 FY17 FY17 $725,000 $3,795,000 20% Apartments Elizabeth Hills Elizabeth Hills $220.7m 651 648 648 648 FY12 FY16 $260,000 $746,000 MPC - Mix of land & housing Completed Stages Sep 07 $217.4m 646 646 646 646 FY12 FY15 $260,000 $746,000 100% Post Buyout Stage 1 and 3 Sep 13 $3.2m 5 2 2 2 FY14 FY16 $359,900 $550,000 100% Elizabeth Point Elizabeth Hills $144.2m 249 247 247 247 FY12 FY17 $245,000 $4,664,000 MPC - Mix of land & housing Completed Stages Dec 10 $118.4m 191 191 191 191 FY12 FY15 $245,000 $4,664,000 100% Stage 2 Dec 10 $25.8m 58 56 56 56 FY13 FY17 $245,000 $315,000 100% Gillieston Jul 06 Gillieston $99.0m 444 442 368 366 FY08 FY16 $135,000 $446,000 99% MPC - Mix of land & housing Googong Googong $1,830.8m 6,055 1,014 944 546 FY14 FY33 $110,000 $541,000 MPC - Land lots Stage 1 Dec 11 $63.2m 238 236 235 235 FY14 FY16 $173,000 $541,000 100% Stage 2 Dec 11 $22.9m 99 99 97 97 FY14 FY16 $172,000 $304,000 100% Stage 3 Dec 11 $54.6m 260 234 215 187 FY15 FY16 $110,000 $383,000 85% Stage 4 Dec 11 $49.3m 192 138 138 27 FY15 FY19 $179,000 $374,000 75%	OWNERSHIP STRUCTURE
	100% Mirvac Limited



	100% Mirvac Limited
	100% Mirvac Limited


	100% Mirvac Limited


	100% Mirvac Limited
	JV with CIC Australia Ltd

EXPECTED SETTLEMENT DATES MAY VARY AS CIRCUMSTANCES CHANGE.
CONSTRUCTION PROGRESS AS A PERCENTAGE OF COST. WHICH INCLUDES LAND SUBDIVISION BUT NOT LAND ACQUISITION.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development New South Wales

								SETTLEMENT/EXPECTED	SETTLEMENT/EXPECTED
								SETTLEMENT	DATE1	CURRENT	PRICE RANGE
			PROJECT
	ACQUISITION		VALUE	TOTAL								CONSTRUCTION
PROPERTY	DATE	LOCATION	(INC GST)	LOTS	RELEASED	EXCHANGED	SETTLED	FROM	TO	FROM	TO	PROGRESS2	DESCRIPTION	OWNERSHIP STRUCTURE
Stage 5	Dec 11		$37.8m	152	132	104	0	FY16	FY17	$199,000	$347,000	70%
Stage 6	Dec 11		$45.9m	277	85	82	0	FY16	FY20	$169,000	$363,000	50%
Stage 1B	Dec 11		$183.5m	611	90	73	0	FY16	FY20	$188,000	$450,000	20%
Future Stages	Dec 11		$1,373.6m	4,226	0	0	0	FY19	FY33	$140,000	$730,000	0%
Green Square		Zetland	$1,186.9m	1,188	463	459	0	FY16	FY21	$498,000	$145,000,000		Apartments with mixed use	PDA with Urban Growth NSW
Englobo Sale	Mar 12		$145.0m	1	1	0	0	FY16	FY16	$145,000,000	$145,000,000	0%
Ebsworth	Mar 12		$160.8m	174	174	174	0	FY17	FY17	$498,000	$1,280,000	20%
No.8 Ebsworth & Ovo	Mar 12		$309.7m	288	288	285	0	FY18	FY18	$520,000	$1,555,000	0%
Future Stages	Mar 12		$571.4m	725	0	0	0	FY19	FY21	$600,000	$1,400,000	0%
Harold Park		Glebe	$1,264.0m	1,302	1,178	1,132	482	FY15	FY18	$499,000	$6,000,000		Apartments (and terraces)	100% Mirvac Limited
Completed Stages	Dec 10		$453.6m	482	482	482	482	FY15	FY15	$499,000	$1,895,000	100%
Precinct 3	Dec 10		$314.0m	345	345	345	0	FY16	FY16	$545,000	$1,795,000	90%
Precinct 4A	Dec 10		$56.7m	49	49	48	0	FY16	FY17	$610,000	$1,930,000	10%
Precinct 4B	Dec 10		$132.1m	111	111	110	0	FY16	FY16	$675,000	$2,161,500	30%
Precinct 5	Dec 10		$223.9m	232	108	71	0	FY18	FY18	$545,000	$1,800,000	0%
Precinct 6B	Dec 10		$77.7m	82	82	75	0	FY16	FY16	$650,000	$1,545,000	30%
Tramsheds	Dec 10		$6.0m	1	1	1	0	FY16	FY16	$6,000,000	$6,000,000	0%	Retail
New Brighton Golf Course	Dec 10	New Brighton	$195.3m	298	0	0	0	FY16	FY18	$420,000	$940,000	15%	MPC - Housing	PDA with New Brighton Golf Club
Newbury Estate	Dec 99	Stanhope Gardens	$227.9m	1,762	1,762	1,762	1,762	FY02	FY15	$150,000	$817,000	100%	MPC - Mix of land & housing	PDA with Landcom
Panorama		Glenfield	$285.9m	749	735	719	673	FY06	FY16	$10,000	$1,664,000		MPC - Mix of land & housing	100% Mirvac Limited
Completed Stages	Jun 01		$135.2m	392	392	392	392	FY06	FY15	$25,000	$1,664,000	100%
Stage 1D (Panorama)	Jun 01		$7.6m	21	12	12	12	FY14	FY16	$315,000	$420,000	50%
Stage 2A (Vista)	Jun 01		$54.0m	138	137	137	137	FY11	FY16	$10,000	$509,000	100%
Stage 3A	Jun 01		$32.8m	62	62	62	53	FY13	FY16	$290,000	$540,000	85%
Stage 3B	Jun 01		$32.6m	58	58	58	32	FY15	FY16	$320,000	$660,000	50%
Stage 3D	Jun 01		$17.0m	57	57	41	41	FY15	FY16	$105,000	$620,000	0%
Balance	Sep 12		$6.8m	21	17	17	6	FY15	FY16	$310,000	$515,000	30%

EXPECTED SETTLEMENT DATES MAY VARY AS CIRCUMSTANCES CHANGE.
CONSTRUCTION PROGRESS AS A PERCENTAGE OF COST. WHICH INCLUDES LAND SUBDIVISION BUT NOT LAND ACQUISITION.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development New South Wales

PROPOSED

					ESTIMATED	SETTLEMENT
PROPERTY	ACQUISITION DATE	LOCATION	PROJECT VALUE (INC GST)	TOTAL LOTS	START	FINISH	DESCRIPTION	OWNERSHIP STRUCTURE
Gledswood Hills	Sep 14	Gledswood Hills	$172.4m	577	FY16	FY21	MPC - Mix of land & housing	100% Mirvac Limited
Marsden Park North	Nov 14	Marsden Park	$415.8m	1,261	FY18	FY26	MPC - Mix of land & housing	PDA with MAC 1 MP Pty Ltd
Moorebank	Dec 14	Moorebank	$112.8m	179	FY18	FY19	MPC - Medium density housing	PDA with Benedict Industries
St Leonards	Jun 15	St Leonards	$608.8m	499	FY20	FY20	Apartments (with mixed use)	100% Mirvac Limited
Sydney Olympic Park	Nov 14	Sydney Olympic Park	$261.5m	405	FY18	FY19	Apartments	PDA with Sydney Olympic Park Authority
Waterloo	Jun 14	Waterloo	$198.7m	226	FY18	FY18	Apartments	100% Mirvac Limited

EXPECTED SETTLEMENT DATES MAY VARY AS CIRCUMSTANCES CHANGE.
CONSTRUCTION PROGRESS AS A PERCENTAGE OF COST. WHICH INCLUDES LAND SUBDIVISION BUT NOT LAND ACQUISITION.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential

New South Wales

THE AVENUE, ALEX AVENUE

SCHOFIELDS, NSW

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Located approximately 45km from the Sydney CBD, this land and housing project sits in the north-west growth corridor of Sydney in the Blacktown LGA.

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Summary Information - In Progress
ACQUISITION DATE Jul 12 - Jul 14
LOCATION Schofields
PROJECT VALUE (INCL. GST) $163.9m
TOTAL LOTS 389
EXPECTED SETTLEMENT PERIOD FY14 - FY19
OWNERSHIP STRUCTURE 100% Mirvac Limited
Project Update
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The project has three precincts: Precincts 1 and 2 (totalling 310 lots) have been substantially completed and the first release of Precinct 3 is 100% pre sold. The final release of Precinct 3 is expected in 1H16.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential New South Wales

MORETON, WELLINGTON STREET

BONDI, NSW

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The Moreton, is located in the inner eastern suburb of Bondi and benefits from its close proximity to the iconic Bondi Beach. The completed development will comprise 190 apartments over five buildings with the heritage-listed Scarba House to be retained.

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Summary Information - In Progress
ACQUISITION DATE Dec 13
LOCATION Bondi
PROJECT VALUE (INCL. GST) $250.2m
TOTAL LOTS 191
EXPECTED SETTLEMENT DATE FY17
OWNERSHIP STRUCTURE 100% Mirvac Limited
Project Update
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The project was launched in early 2015, with construction commencing soon after. The project is 100% pre-sold and completion is anticipated in FY17.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential New South Wales

ELIZABETH HILLS, CNR OF STIRLING & FEODORE DRIVE

CECIL HILLS, NSW

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Elizabeth Hills is located in the Liverpool City Council LGA on the eastern side of Sydney's M7 Motorway, adjacent to the established suburb of Cecil Hills and 10 minutes from the Liverpool CBD. The 56 hectare masterplanned community offers a diverse range of land lots and medium density product.

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Summary Information - In Progress
ACQUISITION DATE Sep 07 & Sept 13
LOCATION Elizabeth Hills
PROJECT VALUE (INCL. GST) $220.7m
TOTAL LOTS 651
EXPECTED SETTLEMENT PERIOD FY12 - FY16
OWNERSHIP STRUCTURE 100% Mirvac Limited
Project Update
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Delivered in six stages, the project is fully sold and all stages have now settled. The project was originally a PDA with UrbanGrowth NSW, however they exited the project in 2014. The sales office and carpark lots remain.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential New South Wales

ELIZABETH POINT, CNR OF AVIATION ROAD & AIRFIELD DRIVE

CECIL HILLS, NSW

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Elizabeth Point is located on the eastern side of Sydney's M7 Motorway, to the south of Mirvac's Elizabeth Hills residential development and north of Mirvac's Hoxton Park large scale industrial development. The project sits within the Liverpool City Council LGA.

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Summary Information - In Progress
ACQUISITION DATE Dec 10
LOCATION Elizabeth Hills
PROJECT VALUE (INCL. GST) $144.2m
TOTAL LOTS 249
EXPECTED SETTLEMENT PERIOD FY12 - FY17
OWNERSHIP STRUCTURE 100% Mirvac Limited
Project Update
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Delivered over five stages, the project is fully sold and all stages have now settled.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential

New South Wales

GILLIESTON, SADDLER DRIVE (OFF CESSNOCK ROAD)

GILLIESTON HEIGHTS, NSW

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Gillieston Heights is a 70 hectare site located within the Maitland City Council LGA, 3km south of Maitland and approximately 1.5 hours north of Sydney. The project consists of residential land lots to be developed over nine stages.

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Summary Information - In Progress
ACQUISITION DATE Jul 06
LOCATION Gillieston
PROJECT VALUE (INCL. GST) $99.0m
TOTAL LOTS 444
EXPECTED SETTLEMENT PERIOD FY08 - FY16
OWNERSHIP STRUCTURE 100% Mirvac Limited
Project Update
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Subdivision work for Stages 1-9 are complete with majority of lots sold. Settlements have been completed for Stages 1-7. The majority of lots in Stage 8 have been settled, with Stage 9 released in June 2015.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential New South Wales

GOOGONG, GOOGONG DAM ROAD GOOGONG, NSW

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Googong is a new township located on former grazing land on the NSW/ACT border, just 16 kilometres south-east of Parliament House, and 8km south of Queanbeyan. The project, which sits within the Queanbeyan City Council LGA, is being developed on a 780 hectare site over 20-25 years and will eventually be home to approximately 16,000 people. As a new, self-contained township, Googong will provide housing, community and recreational facilities, shops, schools and employment opportunities. Over 20 per cent of the site will be dedicated to Council as open space for parklands and playing fields.

Summary Information - In Progress

ACQUISITION DATE Dec 11 LOCATION Googong PROJECT VALUE (INCL. GST) $1,830.8m TOTAL LOTS 6,055 EXPECTED SETTLEMENT PERIOD FY14 - FY33 OWNERSHIP STRUCTURE JV with CIC Australia Ltd

Project Update

Googong continues its sales momentum with an average of approximately 24 sales per month to date. Neighbourhood 1A is well progressed with approximately 870 exchanges and 540 settlements as at 30 June 2015. Neighbourhood 1B has recently commenced, with over 70 exchanged pre-sales, and construction is progressing. Construction works for the water recycling plant are also underway.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential New South Wales

GREEN SQUARE, BOTANY ROAD

ZETLAND, NSW

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A large portion of the Green Square Town Centre is being developed in partnership with Urban Growth NSW. Mirvac and Urban Growth NSW will deliver a six hectare mixed-use development located within the Green Square Urban Renewal Area which lies approximately 3.5 kilometres south of Central Sydney and 4 kilometres north of Sydney Airport. Green Square is one of the largest urban redevelopment projects in Australia, and when complete, Mirvac and Urban Growth NSW will have delivered approximately 2,000 apartments, office and retail space and substantial public domain and parkland.

Summary Information - In Progress

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ACQUISITION DATE Mar 12
LOCATION Zetland
PROJECT VALUE (INCL. GST) $1,186.9m
TOTAL LOTS 1,188
EXPECTED SETTLEMENT PERIOD FY16 - FY21
OWNERSHIP STRUCTURE PDA with UrbanGrowth NSW
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Project Update

Stage 1, comprising 174 apartments, was launched in November 2014 and is 100% pre-sold. Construction commenced in early 2015 with completion expected FY17. The first building in Stage 2 was released in December 2014 and is 100% pre-sold. The second building in Stage 2 was released in April 2015 and is 99% pre-sold. Construction of these buildings is due to commence in 1H16.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential

New South Wales

HAROLD PARK, ROSS STREET

GLEBE, NSW

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Harold Park is located in the inner city suburb of Glebe, approximately 2.5 kilometres from the Sydney CBD and within close proximity to light rail, major bus routes, Sydney harbour and two of Sydney's largest universities. The project includes approximately 1,300 apartments and terraces, the adaptive re-use of the former Rozelle Tram Depot and will include 3.8 hectares of public open space dedicated to the City of Sydney Council.

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Summary Information - In Progress
ACQUISITION DATE Dec 10
LOCATION Glebe
PROJECT VALUE (INCL. GST) $1,264.0m
TOTAL LOTS 1,302
EXPECTED SETTLEMENT PERIOD FY15 - FY18
OWNERSHIP STRUCTURE 100% Mirvac Limited
Project Update
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Construction and settlement of all 482 lots within Precincts 1 and 2 is complete. Construction of Precinct 3 commenced in early 2014 and is scheduled for completion in FY16. Construction of Precincts 4A, 4B and 6 is also underway. All stages under construction are predominantly presold. Development approval for the final stage, Precinct 5, has been received and the first sales launch of this stage occurred in June 2015.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential New South Wales

NEW BRIGHTON, BRICKMAKERS DRIVE

MOOREBANK, NSW

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Brighton Lakes is a residential subdivision located in Sydney's south-west. It is being delivered under a project delivery agreement with New Brighton Golf Club, with plans for approximately 300 homes. Works also include a new clubhouse and upgrades to the existing golf course.

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Summary Information - In Progress
ACQUISITION DATE Dec 10
LOCATION Brighton Lakes
PROJECT VALUE (INCL. GST) $195.3m
TOTAL LOTS 298
EXPECTED SETTLEMENT PERIOD FY16 - FY18
OWNERSHIP STRUCTURE PDA with New Brighton Golf Club
Project Update
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Civil works are underway on Stages 1 and 2. The project was launched in July 2015, with construction expected to commence in 1H16.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential

New South Wales

NEWBURY ESTATE, OLD WINDSOR ROAD STANHOPE GARDENS, NSW

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Newbury Estate is a 156 hectare masterplanned community located within the Blacktown City Council LGA, in the north-west corridor of Sydney. Complete with schools, playing fields and a local retail district, the estate comprises eight separate community title subdivisions. Each subdivision boasts its own community facility, which includes a clubhouse, tennis court, pool, spa and BBQ facilities.

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Summary Information - In Progress
ACQUISITION DATE Dec 99
LOCATION Stanhope Gardens
PROJECT VALUE (INCL. GST) $227.9m
TOTAL LOTS 1,762
EXPECTED SETTLEMENT PERIOD FY02 - FY15
OWNERSHIP STRUCTURE PDA with Landcom
Project Update
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The project is now complete, with final settlements occurring in early 2015

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential

New South Wales

PANORAMA, BODDINGTONS ROAD

GLENFIELD, NSW

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The project is located in the south-west corridor of Sydney in Glenfield, and is within minutes drive of the M7/M5 intersection and Glenfield railway station. The site is bordered by Hurlstone Agricultural High School, Campbelltown Rd and Glenfield Rd and sits within the Campbelltown City Council Glenfield Rd Area DCP. The project is being developed over three stages: Panorama, Vista and Parkside.

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Summary Information - In Progress
ACQUISITION DATE Jun 01 & Sept 12
LOCATION Glenfield
PROJECT VALUE (INCL. GST) $285.9m
TOTAL LOTS 749
EXPECTED SETTLEMENT PERIOD FY06 - FY16
OWNERSHIP STRUCTURE 100% Mirvac Limited
Project Update
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Stage 1 is near complete with 270 settlements of a total 279 lots. Stage 2 is complete with 213 lot settlements and only one lot unsold. Stage 3 has achieved 157 settlements of a total 208 lots. The project is forecast to complete in FY16.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Queensland

PROPERTY	LOCATION
ART HOUSE, HOPE STREET	SOUTH BRISBANE, QLD
ASTON GROVE, DARIEN STREET	BRIDGEMAN DOWNS, QLD
GAINSBOROUGH GREENS	PIMPAMA, QLD
GREYSTONE TERRACES, RUSSELL STREET	EVERTON PARK, QLD
MARINER'S PENINSULA, MARINER'S DRIVE, NORTH WARD	TOWNSVILLE, QLD
WATERFRONT, PIER PRECINCT, NEWSTEAD TERRACE	NEWSTEAD, QLD
WATERFRONT, PARK PRECINCT, UNISON & SKYRING TERRACES, CUNNINGHAM STREET	NEWSTEAD, QLD

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Queensland

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MIRVAC SHARE EXPECTED REVENUE LOTS UNDER CONTROL
$1.6 BILLION 5,785
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MasterplannedCommunities 63% MasterplannedCommunities 84%
Apartments 37% Apartments 16%
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IN PROGRESS

PROPERTY ACQUISITION DATE LOCATION PROJECT VALUE (INC GST) TOTAL LOTS	RELEASED EXCHANGED	SETTLED SETTLEMENT/EXPECTED SETTLEMENT DATE1 CURRENT PRICE RANGE OWNERSHIP STRUCTURE FROM TO FROM TO CONSTRUCTION PROGRESS2 DESCRIPTION 0 FY17 FY19 $397,000 $1,484,000 Apartments 100% Mirvac Limited 0 FY17 FY18 $439,000 $1,484,000 0% 0 FY19 FY19 $397,000 $805,000 0% 0 FY16 FY17 $350,000 $480,000 4% MPC - Land lots 100% Mirvac Limited 557 FY11 FY23 $143,000 $6,500,000 MPC - Mix of land & housing 100% Mirvac Limited 248 FY11 FY15 $143,000 $6,500,000 100% 0 FY16 FY22 $200,000 $340,000 20% 12 FY15 FY18 $195,000 $330,000 17% 75 FY15 FY16 $218,000 $349,000 100% 128 FY12 FY16 $188,000 $350,000 100% 94 FY14 FY16 $187,000 $320,000 100% 0 FY16 FY17 $215,000 $351,000 54% 0 FY16 FY23 $195,000 $390,000 0% 0 FY16 FY16 $450,000 $645,000 14% MPC - Medium density housing 100% Mirvac Limited
Art House South Brisbane $213.4m 356	188 147
Stage 1 Jul 14 $115.0m 188	188 147
Future Stages Sep 15 $98.4m 168	0 0
Darien Street Aug 14 Bridgeman Downs $47.0m 124	65 10
Gainsborough Greens Pimpama $498.1m 1,913	763 572
Completed Stages Oct 06 $41.4m 248	248 248
Precinct 1b - Forest Green Oct 06 $62.2m 242	89 0
Precinct 5.1 - Green Park Oct 06 $40.9m 139	16 16
Precinct 6 - Green Park Oct 06 $20.3m 83	83 80
Precinct 6.1 - Green Park Oct 06 $31.7m 134	131 131
Precinct 6.3 - Green Park Oct 06 $22.3m 95	95 94
Precinct 7.1 - Green Park Oct 06 $24.1m 103	100 3
Future Stages Oct 06 $255.1m 869	1 0
Greystone Terraces Oct 14 Everton Park $30.6m 56	36 21

EXPECTED SETTLEMENT DATES MAY VARY AS CIRCUMSTANCES CHANGE.
CONSTRUCTION PROGRESS AS A PERCENTAGE OF COST. WHICH INCLUDES LAND SUBDIVISION BUT NOT LAND ACQUISITION.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Queensland

PROPERTY ACQUISITION DATE LOCATION PROJECT VALUE (INC GST) TOTAL LOTS RELEASED EXCHANGED SETTLED SETTLEMENT/EXPECTED SETTLEMENT DATE1 CURRENT PRICE RANGE FROM TO FROM TO CONSTRUCTION PROGRESS2 DESCRIPTION	OWNERSHIP STRUCTURE
Mariner's Peninsula Townsville $21.8m 19 19 19 17 FY09 FY17 $547,000 $2,625,000 MPC - Land, Housing & Ap	artments 100% Mirvac Limited
Completed Stages Jun 06 $10.1m 4 4 4 4 FY09 FY10 $2,330,000 $2,625,000 100%
The Point - Land Jun 06 $11.8m 15 15 15 13 FY12 FY17 $547,000 $1,165,000 100%
Waterfront MWRDP, Pier Precinct Jun 08 Newstead $320.9m 99 99 88 88 FY11 FY17 $1,850,000 $14,250,000 100% Apartments	100% MWRDP (Mirvac Limited 20% equity interest)
Waterfront, Park Precinct Newstead $505.3m 682 392 326 102 FY12 FY21 $415,000 $2,500,000 Apartments	100% Mirvac Limited
Completed Stages Apr 08 $91.8m 102 102 102 102 FY12 FY14 $450,000 $1,485,000 100%
Unison Stage 1 Apr 08 $105.6m 144 144 120 0 FY16 FY17 $415,000 $1,895,000 30%
Unison Stage 2 Apr 08 $100.3m 146 146 104 0 FY17 FY18 $420,000 $2,050,000 5%
Future Staging Apr 08 $207.6m 290 0 0 0 FY19 FY21 $500,000 $2,500,000 0%
PROPOSED
PROPERTY ACQUISITION DATE LOCATION PROJECT VALUE (INC GST) TOTAL LOTS ESTIMATED SETTLEMENT START FINISH DESCRIPTION	OWNERSHIP STRUCTURE
Greenbank Feb 16 Greenbank $622.0m 3,300 FY19 FY34 MPC - Land lots	100% Mirvac Limited

EXPECTED SETTLEMENT DATES MAY VARY AS CIRCUMSTANCES CHANGE.
CONSTRUCTION PROGRESS AS A PERCENTAGE OF COST. WHICH INCLUDES LAND SUBDIVISION BUT NOT LAND ACQUISITION.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential Queensland

ART HOUSE, HOPE STREET

SOUTH BRISBANE, QLD

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The site is located in South Brisbane, a short walk from the Southbank parklands and arts precinct and across the river from the Brisbane CBD. The site was acquired in mid-2014 with planning approval for a two apartment towers and ground floor retail.

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Summary Information - In Progress
ACQUISITION DATE Jul 14 & Sep 15
LOCATION South Brisbane
PROJECT VALUE (INCL. GST) $213.4m
TOTAL LOTS 356
EXPECTED SETTLEMENT PERIOD FY17 - FY19
OWNERSHIP STRUCTURE 100% Mirvac Limited
Project Update
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Stage 1 was released to market in-mid 2014 and construction commenced in mid-2015. An amended planning approval for Stage 2 is being progressed.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential Queensland

ASTON GROVE, DARIEN STREET

BRIDGEMAN DOWNS, QLD

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Located in the northern Brisbane suburb of Bridgeman Downs, Aston Grove is a land-only development comprising approximately 120 lots to be constructed over two stages.

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Summary Information - In Progress
ACQUISITION DATE Aug 14
LOCATION Bridgeman Downs
PROJECT VALUE (INCL. GST) $47.0m
TOTAL LOTS 124
EXPECTED SETTLEMENT PERIOD FY16 - FY17
OWNERSHIP STRUCTURE 100% Mirvac Limited
Project Update
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All project approvals are in place. Stage 1 was released to market in June 2015 and civil works are currently underway.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential Queensland

GAINSBOROUGH GREENS

PIMPAMA, QLD

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Gainsborough Greens is a large-scale masterplanned community located at Pimpama in the northern Gold Coast area and 50 kilometres south of the Brisbane CBD. The project will consist of approximately 1,800 lots, along with recreational and retail facilities. The project incorporates the existing Gainsborough Greens Golf Course and part of the site is subject to a body corporate structure.

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Summary Information - In Progress
ACQUISITION DATE Oct 06
LOCATION Pimpama
PROJECT VALUE (INCL. GST) $498.1m
TOTAL LOTS 1,913
EXPECTED SETTLEMENT PERIOD FY11 - FY23
OWNERSHIP STRUCTURE 100% Mirvac Limited
Project Update
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All major project approvals are in place and sales commenced on the project in early 2010. To date, over 570 lots have been sold. Releases are ongoing.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential Queensland

GREYSTONE, RUSSELL STREET

EVERTON PARK, QLD

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Located in Everton Park, 8 kilometres north of the Brisbane CBD, Greystone is a boutique development which will provide 56 townhouses and a resident's recreation area.

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Summary Information - In Progress
ACQUISITION DATE Oct 14
LOCATION Everton Park
PROJECT VALUE (INCL. GST) $30.6m
TOTAL LOTS 56
EXPECTED SETTLEMENT DATE FY16
OWNERSHIP STRUCTURE 100% Mirvac Limited
Project Update
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All project approvals are in place. Stage 1 was released to market in January 2015 and construction is underway.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential

Queensland

MARINER'S PENINSULA, MARINER'S DRIVE, NORTH WARD

TOWNSVILLE, QLD

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The site is located on "The Strand" in Townsville, North Queensland and enjoys 270 degree views across the adjacent marina and Cleveland Bay. The development comprises beachfront houses, land and apartments.

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Summary Information - In Progress
ACQUISITION DATE Jun 06
LOCATION Townsville
PROJECT VALUE (INCL. GST) $21.8m
TOTAL LOTS 19
EXPECTED SETTLEMENT PERIOD FY09 - FY17
OWNERSHIP STRUCTURE 100% Mirvac Limited
Project Update
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Construction of the final stage was completed in mid-2009. The englobo apartment superlot site was settled in early 2014. Six land lots were settled in mid-2014 and the final two land lots are contracted to settle in late 2016.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential

Queensland

WATERFRONT, PIER PRECINCT, NEWSTEAD TERRACE

NEWSTEAD, QLD

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Waterfront is a premium residential, retail and parkland development, located on a 10.5 hectare north-east facing riverfront site. The site is located in the inner city suburb of Newstead which is 2 kilometres from the Brisbane CBD and 8 kilometres from Brisbane airport. Pier comprises luxury three and four bedroom and penthouse apartments across two buildings.

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Summary Information - In Progress
ACQUISITION DATE Jun 08
LOCATION Newstead
PROJECT VALUE (INCL. GST) $320.9m
TOTAL LOTS 99
EXPECTED SETTLEMENT PERIOD FY11 - FY17
OWNERSHIP STRUCTURE 100% MWRDP (Mirvac Limited 20% equity interest)
Project Update
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Construction was completed in early 2011 and 11 apartments remain to be sold.

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential Queensland

WATERFRONT, PARK PRECINCT, UNISON & SKYRING TERRACES, CUNNINGHAM STREET

NEWSTEAD, QLD

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Waterfront is a premium residential, retail and parkland development, located on a prime 10.5 hectare north-east facing riverfront site. The site is located in the inner city suburb of Newstead which is 2 kilometres from the Brisbane CBD and 8 kilometres from Brisbane airport.

Summary Information - In Progress

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ACQUISITION DATE Apr 08
LOCATION Newstead
PROJECT VALUE (INCL. GST) $505.3m
TOTAL LOTS 682
EXPECTED SETTLEMENT PERIOD FY12 - FY21
OWNERSHIP STRUCTURE 100% Mirvac Limited
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Project Update

Stage 1, Park, comprising 102 apartments, was completed in mid-2012 and all lots have been sold and settled. Stage 1 of Unison is currently under construction and comprises 144 apartments. Construction of Stage 2 of Unison, comprising 146 apartments, commenced in the first half of 2015. Design of the next stage is being progressed.

100

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Victoria

PROPERTY	LOCATION
ENCLAVE, NEWSOM STREET	ASCOT VALE, VIC
HACREST MWRDP, CNR OF HARCRET BLVD & APPLEDALE WAY	WANTIRNA SOUTH, VIC
JACK ROAD, JACK ROAD	CHELTENHAM,VIC
TULLAMORE, DONCASTER ROAD	DONCASTER, VIC
WOODLEA, LEAKES ROAD	ROCKBANK, VIC
WAVERLEY PARK, GOODISON COURT	MULGRAVE, VIC
YARRA'S EDGE, LORIMER STREET	DOCKLANDS, VIC

101

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Victoria

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MIRVAC SHARE EXPECTED REVENUE LOTS UNDER CONTROL
$3.4 BILLION 13,380
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MasterplannedCommunities 66% MasterplannedCommunities 91%
Apartments 34% Apartments 9%
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IN PROGRESS

PROPERTY ACQUISITION DATE LOCATION PROJECT VALUE (INC GST)	TOTAL LOTS RELEASED EXCHANGED SETTLED SETTLEMENT/EXPECTED SETTLEMENT DATE1 CURRENT PRICE RANGE OWNERSHIP STRUCTURE FROM TO FROM TO CONSTRUCTION PROGRESS2 DESCRIPTION 246 246 246 133 FY14 FY17 $445,000 $975,000 MPC - Mix of land & housing 50% Mirvac Limited 50% Gresham Partners 133 133 133 133 FY14 FY15 $445,000 $894,000 100% 10 10 10 0 FY16 FY16 $575,000 $775,000 5% Housing 9 9 9 0 FY16 FY16 $475,000 $635,000 100% Land lots 11 11 11 0 FY16 FY16 $545,000 $625,000 95% Land lots 61 61 61 0 FY17 FY17 $610,000 $975,000 0% Land & housing 22 22 22 0 FY16 FY16 $520,000 $785,000 0% Land lots 901 818 815 428 FY11 FY17 $310,000 $1,000,000 MPC - Mix of land & housing 100% MWRDP (Mirvac Limited 20% equity interest) 212 212 212 212 FY12 FY14 $310,000 $615,000 100% 104 103 103 103 FY11 FY17 $325,000 $1,000,000 100% 100 100 100 66 FY15 FY16 $310,000 $810,000 70% 100 100 100 0 FY16 FY17 $345,000 $670,000 0% 81 59 59 0 FY16 FY17 $365,000 $585,000 0% 74 74 74 47 FY15 FY16 $325,000 $605,000 70% 121 65 62 0 FY17 FY17 $340,000 $575,000 0% 109 105 105 0 FY16 FY17 $335,000 $725,000 10% 184 54 47 0 FY16 FY17 $570,000 $995,000 5% MPC - Housing 100% Mirvac Limited 627 195 189 0 FY16 FY20 $570,000 $3,690,000 MPC - Mix of land, housing & medium density housing 100% Mirvac Limited 133 133 128 0 FY16 FY18 $570,000 $1,300,000 0%
Enclave Ascot Vale $164.3m
Completed Stages Mar 13 $83.5m
Stage 3B Mar 13 $6.4m
Stage 3B Mar 13 $5.1m
Stage 3C Mar 13 $6.4m
Stage 5 Mar 13 $49.1m
Stage 5 Mar 13 $13.7m
Harcrest MWRDP Wantirna South $430.9m
Completed Stages Feb 08 $96.3m
Stage 1 Feb 08 $53.3m
Stage 5 Feb 08 $49.9m
Stage 6 Feb 08 $50.0m
Stage 7 Feb 08 $38.3m
Stage 8 Feb 08 $34.9m
Stage 9 Feb 08 $51.5m
Stage 10 Feb 08 $56.5m
Jack Road Oct 14 Cheltenham $132.9m
Tullamore (formerly Eastern Golf Club) Doncaster $530.7m
Stage 1 Jul 15 $106.0m

EXPECTED SETTLEMENT DATES MAY VARY AS CIRCUMSTANCES CHANGE.
CONSTRUCTION PROGRESS AS A PERCENTAGE OF COST. WHICH INCLUDES LAND SUBDIVISION BUT NOT LAND ACQUISITION.

102

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development

Victoria

PROPERTY ACQUISITION DATE LOCATION PROJECT VALUE (INC GST) TOTAL LOTS RELEASED EXCHANGED	SETTLED SETTLEMENT/EXPECTED SETTLEMENT DATE1 CURRENT PRICE RANGE FROM TO FROM TO CONSTRUCTION PROGRESS2 0 FY17 FY18 $625,000 $1,880,000 0% 0 FY17 FY20 $615,000 $3,690,000 0% 0 FY16 FY34 $140,000 $300,000 0 FY16 FY19 $160,000 $222,000 90% 0 FY16 FY16 $155,000 $251,000 70% 0 FY16 FY16 $149,000 $253,000 20% 0 FY16 FY16 $155,000 $238,000 10% 0 FY17 FY18 $159,000 $216,000 0% 0 FY17 FY34 $140,000 $300,000 0% 1,143 FY04 FY20 $225,000 $1,075,000 895 FY04 FY07 $225,000 $1,075,000 100% 114 FY10 FY18 $475,000 $1,050,000 100% 25 FY11 FY20 $495,000 $935,000 50% 54 FY08 FY20 $407,000 $935,000 60% 55 FY14 FY19 $515,000 $940,000 35%	DESCRIPTION MPC - Land lots MPC - Housing	OWNERSHIP STRUCTURE
Stage 2 Jul 15 $110.4m 122 62 61
Future Staging Jul 15 $314.4m 372 0 0
Woodlea Rockbank $1,378.0m 6,080 265 265			50% Mirvac Limited 50% Jayaland Corporation
Stage 1 Nov 06 $10.2m 52 37 37
Stage 2 Nov 06 $16.8m 87 83 83
Stage 3 Nov 06 $14.5m 78 72 72
Stage 4 Nov 06 $11.8m 63 41 41
Stage 5 Nov 06 $10.0m 52 32 32
Future Staging Nov 06 $1,314.7m 5,748 0 0
Waverley Park Mulgrave $732.2m 1,317 1,143 1,143			100% Mirvac Limited
Completed Stages Dec 01 $468.6m 895 895 895
Stage 05 Dec 01 $81.8m 118 114 114
Stage 06 Dec 01 $38.3m 55 25 25
Stage 07 Dec 01 $48.1m 93 54 54
Stage 09 Dec 01 $95.4m 156 55 55
Yarra's Edge Docklands $1,351.8m 1,441 795 664	489 FY05 FY22 $120,000 $7,000,000	Apartments (and townhouses)	100% Mirvac Limited
Completed Stages Apr 11 $191.9m 201 201 201	201 FY13 FY15 $500,000 $2,400,000 100%	Apartments and townhouses
Marina Berths Mar 04 $18.3m 149 149 117	112 FY05 FY20 $120,000 $225,000 100%	Marina berths
Array - Tower 6 Jul 13 $218.8m 199 199 187	176 FY15 FY17 $500,000 $7,000,000 100%	Apartments
Wharf's Entrance Tower 10 (Forge) Nov 15 $197.7m 228 228 144	0 FY17 FY18 $490,000 $1,550,000 10%	Apartments
Wharf's Entrance - Townhouse Stage 1 Nov 15 $47.0m 18 18 15	0 FY17 FY17 $1,850,000 $4,100,000 10%	Townhouses
Future Staging Dec 15 $678.1m 646 0 0	0 FY18 FY22 $490,000 $6,000,000 0%	Apartments and townhouses

PROPOSED

PROPERTY ACQUISITION DATE LOCATION PROJECT VALUE (INC GST) TOTAL LOTS ESTIMATED SETTLEMENT START FINISH DESCRIPTION	OWNERSHIP STRUCTURE
Dallas Brooks Hall Dec 12 East Melbourne $306.6m 259 FY19 FY21 Apartments	PDA
Donnybrook Road Jun 12 Donnybrook $448.1m 2,296 FY18 FY31 MPC - Land lots	Combination of 100% balance sheet and PDA
Smith's Lane Nov 11 Clyde North $510.1m 2,222 FY18 FY28 MPC - Land lots	100% Mirvac Limited

EXPECTED SETTLEMENT DATES MAY VARY AS CIRCUMSTANCES CHANGE.
CONSTRUCTION PROGRESS AS A PERCENTAGE OF COST. WHICH INCLUDES LAND SUBDIVISION BUT NOT LAND ACQUISITION.

103

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential Victoria

ENCLAVE, NEWSOM STREET

ASCOT VALE, VIC

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Enclave is a 10 hectare infill development, comprising vacant land and terrace housing. Located 7 kilometres from Melbourne's CBD and adjacent to the Maribyrnong River, the project offers a rare combination of inner-city living as well as direct access to parkland, sporting clubs and river trails, including a wetland centre-piece and expansive views of the CBD.

==> picture [445 x 117] intentionally omitted <==

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

Summary Information - In Progress
ACQUISITION DATE Mar 13
LOCATION Ascot Vale
PROJECT VALUE (INCL. GST) $164.3m
TOTAL LOTS 246
EXPECTED SETTLEMENT PERIOD FY14 - FY17
OWNERSHIP STRUCTURE 50% Mirvac Limited 50% Gresham Partners
Project Update
----- End of picture text -----

The project is sold out with over 50% of the site settled. Construction of the wetlands is approaching completion and commencement of the final stage of civil works is due August 2015. Settlements are due to continue into FY17.

104

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential Victoria

HARCREST MWRDP, CNR OF HARCREST BLVD & APPLEDALE WAY

WANTIRNA SOUTH, VIC

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Harcrest is a 56 hectare infill development, comprising vacant land and integrated housing. Nestled amongst wellestablished suburbs, Harcrest offers buyers a unique opportunity to buy or build a brand new home at the foothills of the Dandenong Ranges on what used to be the Austral Bricks Quarry.

Summary Information - In Progress

==> picture [445 x 81] intentionally omitted <==

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

ACQUISITION DATE Feb 08
LOCATION Wantirna South
PROJECT VALUE (INCL. GST) $430.9m
TOTAL LOTS 901
EXPECTED SETTLEMENT PERIOD FY11 - FY17
OWNERSHIP STRUCTURE 100% MWRDP (Mirvac Limited 20% equity interest)
----- End of picture text -----

Project Update

Construction of Stages 1-4 is now complete and construction of the lake and wetlands area has commenced. Strong sales have been achieved throughout FY15 and the project is expected to be sold out by late 2015. The construction of the civil stages continues to progress, with completion of the project expected in FY17.

105

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential Victoria

JACK ROAD, JACK ROAD

CHELTENHAM, VIC

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Jack Rd is a 4.2 hectare site located in the Bayside suburb of Cheltenham, approximately 20 kilometres south of the Melbourne CBD. The development comprises approximately 184 dwellings, consisting of boutique style apartments and two, three and four bedroom townhouses. The project offers a unique opportunity to live in a masterplanned community within close proximity to the beach and established amenity.

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

Summary Information - In Progress
ACQUISITION DATE Oct 14
LOCATION Cheltenham
PROJECT VALUE (INCL. GST) $132.9M
TOTAL LOTS 184
EXPECTED SETTLEMENT PERIOD FY16 - FY17
OWNERSHIP STRUCTURE 100% Mirvac Limited
Project Update
----- End of picture text -----

The project launched in March 2015, with construction of Stage 1 commencing in April 2015. Over 85% of the first stage is pre sold, with the majority of these settlements expected to take place in FY16.

106

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential Victoria

TULLAMORE, DONCASTER ROAD

DONCASTER, VIC

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Tullamore is a 42 hectare infill development, comprising vacant land and integrated housing. Located 13 kilometres from Melbourne's CBD, Tullamore is nestled among the highly-sought-after suburb of Doncaster. Formally the Eastern Golf Course, the project is within close proximity of leading retail, education and transport hubs.

Summary Information - In Progress

==> picture [445 x 81] intentionally omitted <==

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

ACQUISITION DATE Jul 15
LOCATION Doncaster
PROJECT VALUE (INCL. GST) $530.7m
TOTAL LOTS 627
EXPECTED SETTLEMENT PERIOD FY16 - FY20
OWNERSHIP STRUCTURE 100% Mirvac Limited
----- End of picture text -----

Project Update

The project launched in May 2015, with the first release of 195 lots pre sold on the launch weekend. The product mix comprises townhouses, premium homes and land lots. The next release is scheduled to take place later in 2015, and has already attracted strong interest. Planning permits for Stages 1 and 2 and for the Doncaster Road intersection have been issued. Construction works commenced on site in July 2015.

107

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential Victoria

WOODLEA, LEAKES ROAD

ROCKBANK, VIC

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Woodlea is a 711 hectare greenfield masterplanned community situated 29 kilometres west of Melbourne's CBD. The community will accommodate approximately 6,000 lots, four schools, community and childcare facilities, a local Town Centre, a Major Town Centre and 30 hectares of sporting facilities linked by 200 hectares of open space. The project is being developed in joint venture with Victorian Investments & Properties and is expected to house approximately 20,000 residents upon completion.

==> picture [445 x 117] intentionally omitted <==

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

Summary Information - In Progress
ACQUISITION DATE Nov 06
LOCATION Rockbank
PROJECT VALUE (INCL. GST) $1,378.0m
TOTAL LOTS 6,080
EXPECTED SETTLEMENT PERIOD FY16 - FY34
OWNERSHIP STRUCTURE 50% Mirvac Limited 50% Jayaland Corporation
Project Update
----- End of picture text -----

Woodlea launched in March 2015, with over 250 sales achieved to date. Stages 1-4, comprising 280 lots, are currently under construction. Settlements are expected to commence in FY16.

108

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential Victoria

WAVERLEY PARK, GOODISON COURT

MULGRAVE, VIC

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Waverley Park is a masterplanned community located in the south-eastern suburb of Mulgrave, approximately 23 kilometres from the Melbourne CBD. The site, which is over 80 hectares, was previously an Australian Rules Football venue. The oval and a portion of the stadium have been retained and converted into a retail precinct.

==> picture [445 x 117] intentionally omitted <==

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

Summary Information - In Progress
ACQUISITION DATE Dec 01
LOCATION Mulgrave
PROJECT VALUE (INCL. GST) $732.2m
TOTAL LOTS 1,317
EXPECTED SETTLEMENT PERIOD FY04 - FY20
OWNERSHIP STRUCTURE 100% Mirvac Limited
Project Update
----- End of picture text -----

Stages 1-5, 8 and 10-12, comprising over 1,000 lots have been completed and settled. A planning amendment application is being sought for development of the balance of the project (a portion of Stages 6,7 and 9, totalling approximately 170 lots).

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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential Victoria

YARRA'S EDGE, LORIMER STREET

DOCKLANDS, VIC

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Yarra's Edge is a 14 hectares site located on the southern bank of the Yarra River in Melbourne's Docklands. Mirvac commenced works at Yarra's Edge in 1999 and on completion the project will include around 2,000 dwellings, with a component of retail and commercial space.

==> picture [445 x 94] intentionally omitted <==

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

Summary Information - In Progress
ACQUISITION DATE Various
LOCATION Docklands
PROJECT VALUE (INCL. GST) $1,351.8m
TOTAL LOTS 1,441
EXPECTED SETTLEMENT PERIOD FY05 - FY22
OWNERSHIP STRUCTURE 100% Mirvac Limited
----- End of picture text -----

Project Update

Yarra's Edge comprises four precincts: Marina Precinct; River Homes Precinct; Park Precinct; and Wharf's Entrance Precinct. Park Precinct comprises 532 apartments across Yarra Point, Array and Tower 9. Yarra Point is now fully sold and settled. Array was completed in March 2015 with settlements continuing. Wharf's Entrance comprises 644 apartments across Towers 10, 11 and 12; 80 midrise apartments; and 36 townhouse homes. The first release of Forge (Tower 10) and Stage 1 of the townhouses occurred in late 2014, with construction commencing early 2015.

110

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Western Australia

PROPERTY	LOCATION
BEACHSIDE LEIGHTON, 1 FREEMAN LOOP	NORTH FREMANTLE, WA
HIGHLAND RESERVE AT JANE BROOK, JANE BROOK DRIVE	JANE BROOK, WA
MANDURAH SYNDICATES MIRVAC FUNDS MANAGEMENT	MANDURAH, WA
MANDURAH SYNDICATES, MWRDP	MANDURAH, WA
OSPREY WATERS, BRIDGEWATER BLVD	MANDURAH, WA
THE PENINSULA, THE CIRCUS	BURSWOOD, WA

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MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Western Australia

==> picture [255 x 48] intentionally omitted <==

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

MIRVAC SHARE EXPECTED REVENUE LOTS UNDER CONTROL
$0.7 BILLION 2,445
MasterplannedCommunities 38% MasterplannedCommunities 75%
Apartments 62% Apartments 25%
----- End of picture text -----

IN PROGRESS

								SETTLEMENT/EXPECTED	SETTLEMENT/EXPECTED
								SETTLEMENT	DATE1	CURRENT	PRICE RANGE
			PROJECT
	ACQUISITION		VALUE	TOTAL								CONSTRUCTION
PROPERTY	DATE	LOCATION	(INC GST)	LOTS	RELEASED	EXCHANGED	SETTLED	FROM	TO	FROM	TO	PROGRESS2	DESCRIPTION	OWNERSHIP STRUCTURE
Beachside Leighton		Leighton	$353.4m	280	182	99	68	FY11	FY20	$490,000	$8,950,000		Apartments with mixed use	100% Mirvac Limited
Completed Stages	Aug 06		$169.0m	68	68	68	68	FY11	FY15	$840,000	$8,950,000	100%
Meridian & Prima	Aug 06		$184.4m	212	114	31	0	FY16	FY20	$490,000	$1,860,000	0%
Highland Reserve At Jane Brook		Jane Brook	$68.3m	234	234	215	204	FY11	FY16	$239,000	$700,000		MPC - Land lots	100% Mirvac Limited
Completed Stages	Jul 06		$39.7m	135	135	135	135	FY11	FY14	$239,000	$560,000	100%
Stage 2 (urban)	Jul 06		$17.0m	60	60	60	50	FY13	FY16	$244,000	$700,000	100%
Stage 5 (rural)	Jul 06		$10.4m	26	26	20	19	FY14	FY16	$280,000	$585,000	100%
Stage 6	Jul 06		$1.3m	13	13	0	0	FY16	FY16	$100,000	$100,000	14%
Mandurah Syndicates - Meadow Springs		Mandurah	$125.5m	648	636	592	590	FY07	FY16	$127,917	$3,080,131		MPC - Land lots	100% Mirvac Development Fund - Meadow Springs
Completed Stages	Jun 06		$89.3m	451	451	451	451	FY07	FY15	$127,917	$3,080,131	100%
Stage 21	Jun 06		$19.5m	102	90	48	46	FY12	FY16	$129,000	$495,000	100%
Stage 23	Jun 06		$16.6m	95	95	93	93	FY14	FY16	$139,000	$225,000	100%
Mandurah Syndicates MWRDP		Mandurah	$145.7m	683	605	523	514	FY09	FY17	$118,000	$2,310,000		MPC - Land lots	100% MWRDP (Mirvac Limited 20% equity interest)
Meadow Springs MWRDP Syndicate	Jun 07		$88.5m	479	401	349	345	FY09	FY17	$120,000	$239,500	84%
Seascapes Town Centre MWRDP Syndicate	Jun 08		$57.2m	204	204	174	169	FY09	FY16	$118,000	$2,310,000	100%

EXPECTED SETTLEMENT DATES MAY VARY AS CIRCUMSTANCES CHANGE.
CONSTRUCTION PROGRESS AS A PERCENTAGE OF COST. WHICH INCLUDES LAND SUBDIVISION BUT NOT LAND ACQUISITION.

112

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Western Australia

								SETTLEMENT/EXPECTED	SETTLEMENT/EXPECTED
								SETTLEMENT	DATE1	CURRENT	PRICE RANGE
			PROJECT
	ACQUISITION		VALUE	TOTAL								CONSTRUCTION
PROPERTY	DATE	LOCATION	(INC GST)	LOTS	RELEASED	EXCHANGED	SETTLED	FROM	TO	FROM	TO	PROGRESS2	DESCRIPTION	OWNERSHIP STRUCTURE
Osprey Waters		Mandurah	$85.4m	470	142	104	90	FY14	FY19	$122,000	$251,000		MPC - Land lots	100% Mirvac Limited
Completed Stages	Dec 13		$3.5m	21	21	21	21	FY14	FY15	$139,000	$215,000	100%
Stage 2	Dec 13		$11.9m	69	62	48	46	FY15	FY16	$122,000	$219,000	100%
Stage 3	Dec 13		$12.2m	64	28	12	0	FY16	FY17	$122,000	$251,000	11%
Stage 2a	Dec 13		$5.6m	31	31	23	23	FY14	FY16	$132,000	$220,000	100%
Stage 3a	Dec 13		$4.7m	26	0	0	0	FY16	FY17	$122,000	$205,000	14%
Future Staging	Dec 13		$47.5m	259	0	0	0	FY17	FY19	$122,000	$249,000	0%
														50% Mirvac Limited
The Peninsula		Burswood	$666.7m	587	410	402	402	FY07	FY21	$425,000	$13,395,000		Apartments	50% AustralianSuper Fund
Completed Stages	Feb 03		$252.8m	213	213	213	213	FY07	FY14	$425,000	$13,395,000	100%
Tower 4	Feb 03		$149.9m	133	133	129	129	FY10	FY16	$550,000	$4,200,000	100%
Tower 5	Feb 03		$70.1m	64	64	60	60	FY10	FY17	$599,000	$2,600,000	100%
Future Staging	Feb 03		$193.9m	177	0	0	0	FY16	FY21	$480,000	$3,300,000	0%

PROPOSED

					ESTIMATED	SETTLEMENT
	ACQUISITION
PROPERTY	DATE	LOCATION	PROJECT VALUE (INC GST)	TOTAL LOTS	START	FINISH	DESCRIPTION	OWNERSHIP STRUCTURE
Baldivis	Dec 13	Baldivis	$88.3m	422	FY16	FY19	MPC - Land lots	100% Mirvac Limited
Claremont	Jan 15	Claremont	$175.1m	234	FY18	FY19	Apartments	100% Mirvac Limited
Kennedy Bay	Oct 06	Port Kennedy	$126.2m	390	FY18	FY21	MPC - Land lots	PDA with WABGR
West Swan	Dec 14	West Swan	$106.4m	365	FY17	FY20	MPC - Land lots	100% Mirvac Limited

EXPECTED SETTLEMENT DATES MAY VARY AS CIRCUMSTANCES CHANGE.
CONSTRUCTION PROGRESS AS A PERCENTAGE OF COST. WHICH INCLUDES LAND SUBDIVISION BUT NOT LAND ACQUISITION.

113

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential Western Australia

BEACHSIDE LEIGHTON, FREEMAN LOOP

NORTH FREMANTLE, WA

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The site occupies a coastal location approximately 20 kilometres south-west of the Perth CBD, and is a mixed-use development, comprising apartments, terraces, retail and a future hotel.

==> picture [445 x 117] intentionally omitted <==

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

Summary Information - In Progress
ACQUISITION DATE Aug 06
LOCATION Leighton
PROJECT VALUE (INCL. GST) $353.4m
TOTAL LOTS 280
EXPECTED SETTLEMENT PERIOD FY11 - FY20
OWNERSHIP STRUCTURE 100% Mirvac Limited
Project Update
----- End of picture text -----

Stage 1, comprising 68 lots, is complete and settled. Stage 2 spanning two buildings, Meridian and Prima, was released to market in late 2014.

114

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential

Western Australia

HIGHLAND RESERVE AT JANE BROOK, JANE BROOK DRIVE

JANE BROOK, WA

==> picture [195 x 124] intentionally omitted <==

Highland Reserve at Jane Brook is located 20 kilometres north-east of the Perth CBD and offers a mix of standard residential and rural lifestyle lots. The project adjoins the John Forrest National Park and is set in a bushland landscape, enjoying uninterrupted views over the Perth metropolitan area.

==> picture [445 x 117] intentionally omitted <==

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

Summary Information - In Progress
ACQUISITION DATE Jul 06
LOCATION Jane Brook
PROJECT VALUE (INCL. GST) $68.3m
TOTAL LOTS 234
EXPECTED SETTLEMENT PERIOD FY11 - FY16
OWNERSHIP STRUCTURE 100% Mirvac Limited
Project Update
----- End of picture text -----

The project has been developed in five stages. Construction works on the majority of stages is complete, with over 90% of the development pre sold to date.

115

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential Western Australia

MANDURAH SYNDICATES MIRVAC FUNDS MANAGEMENT

MANDURAH, WA

==> picture [195 x 125] intentionally omitted <==

The Mandurah Syndicates Mirvac Funds Management comprises the masterplanned communities of Meadow Springs and Seascapes. The communities are all located within the Mandurah metropolitan area, with Meadow Springs offering a golf course lifestyle and Seascapes offering coastal living.

==> picture [445 x 94] intentionally omitted <==

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

Summary Information - In Progress
ACQUISITION DATE Jun 06
LOCATION Mandurah
PROJECT VALUE (INCL. GST) $125.5m
TOTAL LOTS 648
EXPECTED SETTLEMENT PERIOD FY07 - FY16
OWNERSHIP STRUCTURE 100% Mirvac Development Fund
----- End of picture text -----

Project Update

The Seascapes precinct has been completed and approximately 90% of the Meadow Springs precinct has been sold and settled. Construction is complete and sales are ongoing.

116

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential Western Australia

MANDURAH SYNDICATES, MWRDP

MANDURAH, WA

==> picture [195 x 125] intentionally omitted <==

The Mandurah Syndicates MWRDP comprises the masterplanned communities of Meadow Springs and The Village at Seascapes. Mirvac Limited has a 20% interest in the MWRDP. The communities are all located within the Mandurah metropolitan area, with Meadow Springs offering a golf course lifestyle and The Village at Seascapes offering coastal living.

==> picture [445 x 94] intentionally omitted <==

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

Summary Information - In Progress
ACQUISITION DATE Jun 07 & Jun 08
LOCATION Mandurah
PROJECT VALUE (INCL. GST) $145.7m
TOTAL LOTS 683
EXPECTED SETTLEMENT PERIOD FY09 - FY17
OWNERSHIP STRUCTURE 100% MWRDP (Mirvac Limited 20% equity interest)
----- End of picture text -----

Project Update

Over 70% of both the Meadow Springs and Seascapes Syndicates are sold and settled. Sales continue to progress.

117

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential Western Australia

OSPREY WATERS, BRIDGEWATER BLVD

MANDURAH, WA

==> picture [195 x 125] intentionally omitted <==

Osprey Waters is a masterplanned community located 45 minutes from Perth. The site will contain 15 hectares of high-quality landscaped public open space, 2.2 hectares of spectacular foreshore reserve, retained natural bushland, boardwalks, walking trails, playgrounds and other community spaces.

==> picture [445 x 117] intentionally omitted <==

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

Summary Information - In Progress
ACQUISITION DATE Dec 13
LOCATION Mandurah
PROJECT VALUE (INCL. GST) $85.4m
TOTAL LOTS 470
EXPECTED SETTLEMENT PERIOD FY14 - FY19
OWNERSHIP STRUCTURE 100% Mirvac Limited
Project Update
----- End of picture text -----

Stages 1 to 3 of a total eight stages have been released to date. Construction on Stage 1, comprising 21 lots, is complete and fully sold, with Stages 2 and 3 currently under construction.

118

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Residential

Western Australia

THE PENINSULA, THE CIRCUS

BURSWOOD, WA

==> picture [195 x 125] intentionally omitted <==

The 17 hectare site is located within the town of Victoria Park, approximately 5 kilometres east of Perth CBD and adjacent to the Burswood Casino and entertainment complex.

Summary Information - In Progress

==> picture [445 x 104] intentionally omitted <==

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

ACQUISITION DATE Feb 03
LOCATION Burswood
PROJECT VALUE (INCL. GST) $666.7m
TOTAL LOTS 587
EXPECTED SETTLEMENT PERIOD FY07 - FY21
OWNERSHIP STRUCTURE 50% Mirvac Limited 50% AustralianSuper Fund
Project Update
----- End of picture text -----

Construction of the current released stages, which comprise a total 410 lots, is complete with only eight lots left unsold. Planning approval for the next stage, Tower 6 has been received with market release date yet to be determined.

119

==> picture [596 x 842] intentionally omitted <==

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

MIRVAC GROUP
PROPERTY
COMPENDIUM
30 JUNE 2015
COMMERCIAL
200George, Sydney
120
----- End of picture text -----

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Commercial

PROPERTY LOCATION OWNERSHIP 200 GEORGE STREET SYDNEY, NSW 50% MIRVAC, 50% AWOF 664 COLLINS STREET MELBOURNE, VIC 100% MIRVAC 2 RIVERSIDE QUAY MELBOURNE, VIC 50% MIRVAC, 50% ISPT TREASURY BUILDING, CNR BARRACK STREET & ST GEORGES TERRACE PERTH, WA 50% MIRVAC, 50% KEPPEL REIT

121

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Commercial Commercial

200 GEORGE STREET

SYDNEY, NSW

==> picture [195 x 125] intentionally omitted <==

The 200 George Street development site is located at the northern end of the Sydney CBD and incorporates three existing buildings: 190 & 200 George Street and 4 Dalley Street. The completed office tower will comprise approximately 38,900sqm of net lettable area over 33 office levels and 63 tenant car spaces. The development has achieved a 6 Star Green Star V3 Design rating and is targeting as built 6 Star Green Star rating. It is also targeting a 5 Star NABERS Energy rating, and aims to achieve a PCA "Premium Grade" rating.

==> picture [445 x 93] intentionally omitted <==

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

Summary Information
VALUATION AS AT 30 JUN 15 $133.5m1
VALUER DIRECTORS VALUATION
LAST EXTERNAL VALUATION 31 Dec 14
EXPECTED VALUE ON COMPLETION $625m2
ACQUISITION DATE Aug 03
TARGET COMPLETION FY16
----- End of picture text -----

Ownership

50% MIRVAC, 50% AWOF

Project Update

In July 2013, Mirvac entered into an agreement with AMP Capital Wholesale Office Fund for the sale of a 50% interest in the development, via a fund through arrangement. Mirvac secured EY as the major tenant for the building in January 2013. Mirvac also announced that it was relocating its head office to 200 George Street, taking the committed net lettable area to 81%. Construction is progressing well, with practical completion targeted for mid 2016.

Represents Mirvac's ownership.
Represents 100% of expected end value, Mirvac's interest on completion is 50%.

122

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Commercial

Commercial

664 COLLINS STREET

MELBOURNE, VIC

==> picture [195 x 125] intentionally omitted <==

The 664 Collins Street development is located at the southern end of the development site which also includes recently completed 699 Bourke Street (this site forms part of an air rights development that sits above the western edge of major Melbourne transport hub - Southern Cross Station). The total proposed building area is 25,330sqm.

Summary Information

VALUATION AS AT 30 JUN 15 N/A VALUER N/A LAST EXTERNAL VALUATION N/A EXPECTED VALUE ON COMPLETION $202m1 ACQUISITION DATE Sep 07

Ownership

100% MIRVAC

Project Update

"Development Approval has been received and detailed design documentation has been completed. Through the construction of adjoining 699 Bourke Street, enabling works for 664 Collins Street have been complete. Mirvac is currently seeking a major tenant pre-commitment before it commences tower construction."

Represents 100% of expected end value, Mirvac's interest on completion is 50%.

123

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Commercial Commercial

2 RIVERSIDE QUAY

MELBOURNE, VIC

==> picture [195 x 125] intentionally omitted <==

The Riverside Quay development will comprise approximately 21,000sqm of net lettable area over 11 levels. The A- Grade commercial office development is to be built above the existing 9-level car park structure. The existing car park is held within MPT.

==> picture [445 x 81] intentionally omitted <==

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

VALUATION AS AT 30 JUN 15 $23.7m 1
VALUER Directors valuation
LAST EXTERNAL VALUATION -
EXPECTED VALUE ON COMPLETION $212.5m2
ACQUISITION DATE Site acquired as part of Riverside Quay portfolio in April 2002
TARGET COMPLETION FY17
----- End of picture text -----

Ownership

50% MIRVAC, 50% ISPT

Project Update

An Agreement for Lease has been executed with PwC for 91% (includes 9% secured July 2015) of office net lettable area, and a new car park lease has been executed with Wilson Parking for the lower level car parking. Mirvac sold a 50% interest in the development, via a fund through arrangement, to ISPT in December 2014. Construction works are well underway and remain on track, with practical completion targeted for FY17.

Represents Mirvac's ownerships.
Represnts 100% of expected end value, Mirvac's interest on completion is 50%.

124

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

Development Commercial Commercial

TREASURY BUILDING, CNR BARRACK STREET & ST GEORGES TERRACE

PERTH, WA

==> picture [195 x 125] intentionally omitted <==

The Treasury Building will comprise approximately 30,800sqm of net lettable area over 33 levels and will target a 4.5 star NABERS rating and 5 Star Green Star rating. The tower is fully committed to the WA Government for a 25 year lease term.

==> picture [445 x 94] intentionally omitted <==

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

Summary Information
VALUATION AS AT 30 JUN 15 $166.2m1
VALUER Directors valuation
LAST EXTERNAL VALUATION Dec 14
EXPECTED VALUE ON COMPLETION $330m2
ACQUISITION DATE Jul 12
TARGET COMPLETION FY16
----- End of picture text -----

Ownership

50% MIRVAC, 50% KEPPEL REIT

Project Update

Mirvac sold a 50% share of its interest in the development to Keppel REIT in early 2013. Completion is anticipated for 1H16.

Represents Mirvac's ownership.
Represents 100% of expected end value, Mirvac's interest on completion is 50%.

125

MIRVAC PROPERTY COMPENDIUM 30 JUNE 2015

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.

The information contained in this Property Compendium is dated 30 June 2015, unless otherwise stated.

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MIRVAC GROUP
PROPERTY
COMPENDIUM
30 JUNE 2015
CONTACT
60 Margaret Street, Sydney
Phone
+61 2 9080 8000
Email
[email protected]
Twitter
@mirvac
Website
www.mirvac.com
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AI assistant

MIRVAC GROUP — Fund Information / Factsheet 2015

65328_rns_2015-08-12_3c8d0bdb-13a6-45f3-9289-ec13b6a02ed3.pdf

WELCOME TO THE MIRVAC PROPERTY COMPENDIUM

INVESTMENT

INVESTED CAPITAL SUMMARY AS AT 30 JUNE 2015

INVESTED CAPITAL DIVERSIFICATION

SECTOR DIVERSIFICATION[4]

GEOGRAPHIC DIVERSIFICATION[5]

LEASE EXPIRY PROFILE[6]

TOTAL PORTFOLIO

OFFICE PORTFOLIO

RETAIL PORTFOLIO

INDUSTRIAL PORTFOLIO

Office

101-103 MILLER STREET

Office

40 MILLER STREET

NORTH SYDNEY, NSW

Investment

Office

275 KENT STREET

SYDNEY, NSW

Office

8 CHIFLEY SQUARE

SYDNEY, NSW

Office

10-20 BOND STREET

SYDNEY, NSW

Office

60 MARGARET STREET

SYDNEY, NSW

Investment

Office

37 PITT STREET

SYDNEY, NSW

Office

51 PITT STREET

Office

6-8 UNDERWOOD STREET

SYDNEY, NSW

Office

1 DARLING ISLAND

PYRMONT, NSW

Office

65 PIRRAMA ROAD

PYRMONT, NSW

Office

3 RIDER BOULEVARD

RHODES, NSW

Office

5 RIDER BOULEVARD

Investment

Office

1 WOOLWORTHS WAY

BELLA VISTA, NSW

Office

55 COONARA AVENUE

Office

699 BOURKE STREET

MELBOURNE, VIC

Investment Office

90 COLLINS STREET

Office

367 COLLINS STREET

Office

477 COLLINS STREET

MELBOURNE, VIC

Office

RIVERSIDE QUAY

Investment

Office

380 ST KILDA ROAD

MELBOURNE, VIC

Office

COMO CENTRE, CNR TOORAK ROAD AND CHAPEL STREET

SOUTH YARRA, VIC

Office

23 FURZER STREET

PHILLIP, ACT

MIRVAC GROUP Fund Information / Factsheet 2015