MIRVAC GROUP

MIRVAC GROUP

FY24 Property Compendium

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FY24 Property Compendium

Investment Office Industrial Retail Build to Rent Land Lease Funds Development Commercial & Mixed Use Residential Important Notice

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Contact Us
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1
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Contents
10 Investment
12 Office
35 Industrial
49 Retail
60 Build to Rent
66 Land Lease
68 Funds
73 Development
74 Commercial & Mixed Use
82 Residential
117 Important Notice
118 Contact Us
Mirvac is a leading,
diversified Australian
property group
Reimagine Urban Life NT
QLD
1 2 1 3 12
WA
1 5 10
SA
18 14 6 1 12 2 4 NSW
ACT
1
119 VIC
Total Assets / Developments [1] 11 1 3 9 2
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32 14 9 5 29 2 28
Office [1] Industrial [1] Retail [1] Build to Residential [1] Mixed Use [1] Land Lease [1]
Rent [1]
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Asset numbers include investment properties, investment properties under construction (IPUC), MWOF office properties (excludes properties that are jointly held with Mirvac directly), BTR venture properties, and residential projects. Excludes residential proposed projects and 367 Collins St, Melbourne.

FY24 Property Compendium

Investment Office Industrial Retail Build to Rent Land Lease Funds Development Commercial & Mixed Use Residential Important Notice Contact Us

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NSW

New South Wales

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Office Office
10 Office 1 7
development MWOF
Industrial
12 Industrial 2
development
Mixed Use
6 Retail 2
development
1 Build to Rent
12 Residential
4 Land Lease
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Total Assets / Developments

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Greater Sydney CBD
1 Darling Island Rd Angel Place
Harbourside Quay Quarter Tower
275 Kent St Darling Park
200 George St 33 Alfred St
The Avenue 255 George St Brookfield Place NORTH SYDNEY
10-20 Bond St Quay Quarter Lanes 101-103 Miller St
8 Chifley Square 55 Pitt St Greenwood Plaza
M7
Highforest
M2
M4 Calibre Estate 8 Brabham Dr
274 Victoria Rd
NINE Willoughby
Mulgoa 75 George St 39 Herbert St
Aspect PARRAMATTA
Switchyard Auburn Rhodes Waterside
Aspect B1 39 Britton St
1-47 Percival Rd
Elizabeth Enterprise LIV Indigo
Birkenhead Point
Brand Outlet Broadway Sydney
South Eveleigh Waterloo Metro Quarter
Hoxton Distribution Park South Eveleigh Precinct The Langlee, Waverley
WESTERN SYDNEY Locomotive Workshop East Village
INTERNATIONAL Green Square
AIRPORT WSU Milperra 36 Gow St
Georges Cove
M5
Nexus Industry Park Riverlands Milperra SYDNEY INTERNATIONAL
AIRPORT
Cobbitty
34-38 Anzac Ave South Village Shopping Centre
2
The Village, Menangle
Googong
A8
Western Motorway
Great Western Hwy
Hume Hwy
Canterbury Rd
Camden Bypass
The Northern Rd
Heathcote Rd
Warringah Rd
Mona Vale Rd
King Georges Rd
Hume Motorway
Old Windsor Rd
Westlink M7
Princes Hwy
Davies Rd
Appin Rd
Pittwater Rd
Rockwood Rd
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FY24 Property Compendium

Investment Office Industrial Retail Build to Rent Land Lease Funds Development Commercial & Mixed Use Residential Important Notice Contact Us

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NSW New South Wales

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57 Total Assets / Developments

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NORTH SYDNEY
Sydney CBD North Sydney
SYDNEY HARBOUR BRIDGE
NINE Willoughby
39 Herbert St
CIRCULAR QUAY
Quay Quarter Lanes
200 George St 33 Alfred St
55 Pitt St
Quay Quarter T
255 George St
1 Darling Island Rd 10-20 Bond St
Brookfield Place
275 Kent St Angel Place
8 Chifley Square
65 Pirrama Rd
Harbourside
Darling Park
DARLING HYDE PARK 101-103 Miller St
HARBOUR
Greenwood Plaza
NORTH SYDNEY
STATION
3
Cahill Expy
Park St
Pier St
Bridge Rd
Pacific Hwy
Harbour St
Western Distributor
Gore Hill Fwy
Darling Dr
Sydney Harbour Tunnel
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FY24 Property Compendium

Investment Office Industrial Retail Build to Rent Land Lease Funds Development Commercial & Mixed Use Residential Important Notice Contact Us

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NSW New South Wales

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Total Assets / Developments

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QUEENSLAND BORDER
BALLINA
NSW Mid North Coast Pacific Palms and Southern Cross
TENTERFIELD
Thyme Lifestyle Resort Evans Head
YAMBA
GRAFTON
GLEN INNES
COFFS HARBOUR
ARMIDALE
TAMWORTH
PORT MACQUARIE
Great Lakes Riverside Living
SYDNEY FORSTER
Thyme Lifestyle Resort Forster
Waterfall Way
Oxley Hwy
Bruxner Hwy
Gwydir Hwy
Kamilaroi Hwy
Pacific Hwy
New England Hwy
New England Hwy
Cobbadah Rd
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FY24 Property Compendium

Investment Office Industrial Retail Build to Rent Land Lease Funds Development Commercial & Mixed Use Residential Important Notice Contact Us

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[VIC] Victoria

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Office Office
7 Office 1 3
development MWOF
0 Industrial
1 Retail
Build to Rent
1 Build to Rent 2
development
9 Residential
2 Land Lease
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26 Total Assets / Developments

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Olivine
Greater Melbourne
Thyme Lifestyle Resort Sunbury
Lucas Lifestyle Estate
MELBOURNE AIRPORT
Woodlea
Moonee Ponds Central LIV Albert Fields
Prince & Parade
Tullamore
Yarra's Edge
The Fabric
The Albertine
Wantirna South
CBD
699 Bourke St
664 Collins St
7 Spencer St
LIV Aston
Olderfleet 477 Collins St
2 Riverside Quay
Riverside Quay
90 Collins St
LIV Munro
380 St Kilda Rd
Collins Place
Bourke Place
700 Bourke Street
5
Dohertys Rd
Centre Rd
Melton Hwy
Western Fwy
Princes Fwy
Calder Fwy
Monash Fwy
Ballan Rd
Sunbury Rd
Nepean Hwy
Burke Rd
Sydney Rd
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Smiths Lane

FY24 Property Compendium

Investment Office Industrial Retail Build to Rent Land Lease Funds Development Commercial & Mixed Use Residential Important Notice Contact Us

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[VIC] Victoria

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Build to Rent
1 Build to Rent 2
development
9 Residential
26
2 Land Lease
Total Assets / Developments
Melbourne CBD
MELBOURNE MUSEUM
LIV Munro
FITZROY GARDENS
CBD 90 Collins St
Collins Place
Bourke Place
700 Bourke St
699 Bourke St
Olderfleet 477 Collins St
664 Collins St
MELBOURNE CRICKET GROUND
2 Riverside Quay Riverside Quay
7 Spencer St
LIV Aston
NATIONAL GALLERY OF VICTORIA
SOUTHBANK
Yarra's Edge
380 St Kilda Rd
Lorimer St
Victoria St
Victoria Parade
Swan St
Albert St
Yarra River
West Gate Fwy
Flinders St
Brunton Avenue
Dudley St
Clarendon St
King St
Rathdowne St
Brunswick St
Punt Rd
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FY24 Property Compendium

Investment Office Industrial Retail Build to Rent Land Lease Funds Development Commercial & Mixed Use Residential Important Notice Contact Us

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QLD

Queensland

Office

Industrial

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Retail

Build to Rent Build to Rent 1 development

Residential

Land Lease

Brisbane

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Golden Downs
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BRISBANE AIRPORT
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Sandgate Rd
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Ascot Green Waterfront LIV Anura Heritage Lanes 80 Ann St Monte Carlo

Orion Springfield Central

Everleigh

19 Total Assets / Developments

Greater QLD

Thyme Li f estyle Resort Mareeba

ROCKHAMPTON

Spring Lakes Resort

HERVEY BAY

Thyme Li f estyle Resort Hervey Bay

Anchorage Latitude 25

RV Homebase

NOOSA HEADS

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SUNSHINE COAST
AIRPORT
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Kawana Shoppingworld

Thyme Li f estyle Resort Moreton Bay Thyme Lifestyle Resort Rothwell

BRISBANE

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7
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Thyme Li f estyle Resort Canungra Burleigh Town Village

FY24 Property Compendium

Investment Office Industrial Retail Build to Rent Land Lease Funds Development Commercial & Mixed Use Residential Important Notice Contact Us

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WA Western Australia

Office

Industrial

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Retail

Build to Rent

Residential

Land Lease

Total Assets / Developments

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Pineview
Lake Joondalup
Perth
Henley Brook
SWAN VALLEY
Iluma Private Estate
Helena Valley
David Malcolm Justice Centre CBD Hillview
The Peninsula
PERTH AIRPORT
ROTTNEST ISLAND
FREMANTLE
Madox
GARDEN ISLAND
JARRAHDALE
STATE FOREST
Tuart Lakes
One71 Baldivis
Vibe Baldivis
8
Vantage at Vasse
Bridgewater
Busselton Outlook at Albany
Albany Hwy
Tonkin Hwy
S Western Hwy
Kwinana Hwy
Mitchell Fwy
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FY24 Property Compendium

Investment Office Industrial Retail Build to Rent Land Lease Funds Development Commercial & Mixed Use Residential Important Notice Contact Us

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ACT

Australian Capital Territory

Office

Industrial

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Retail

Build to Rent

Residential

Land Lease

Total Assets / Developments

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Canberra
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AUSTRALIAN
WAR MEMORIAL
Lake Burley Griffin
CANBERRA AIRPORT
PARLIAMENT HOUSE
23 Furzer St
Canberra Ave
Tuggeranong Pkwy
Majura Pkwy
Northbourne Ave
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BULLEN RANGE NATURE RESERVE

NSW

Googong

FY24 Property Compendium Investment Office Industrial Retail Build to Rent Land Lease Funds Development Commercial & Mixed Use Residential Important Notice Contact Us

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Investment

Mirvac owns and manages a diverse portfolio of investment assets across the office, industrial, retail and living sectors, including build to rent and land lease.

Thyme Lifestyle Resort, Evans Head NSW (artist impression, final design may differ)

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10
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Mirvac FY24 Property Compendium

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Investment Overview

Property Portfolio

as at 30 JUNE 2024

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NO. OF CO- GLA/NLA [1,3 ] WALE [4 ] OCCUPANCY [4 ] CAP
TYPE OF PROPERTY PROPERTIES [1 ] VALUATION [2] INVESTMENTS (sqm) (by income) (by area) RATE [5]
OFFICE 21 $5,921m $359m 772,111 sqm 5.9 yrs 95.1% 5.86%
INDUSTRIAL 12 $1,450m - 577,529 sqm 6.1 yrs 99.3% 5.46%
RETAIL 9 $2,183m - 313,986 sqm 3.3 yrs 98.0% 5.70%
BUILD TO RENT 2 - $386m - n/a 94% 4.26%
LAND LEASE 28 - $235m - n/a 100% 5.42%
TOTAL 72 $9,554m $980m 1,663,626 sqm 5.3 yrs 97.1% 5.67%
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Property Portfolio Diversification

Sector Diversification[6]

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OFFICE 59%
INDUSTRIAL 14%
RETAIL 21%
LIVING 6%
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Geographic Diversification[7]

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NSW 63%
VIC 20%
QLD 11%
ACT 4%
WA 2%
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Lease Expiry Profile[8]

Total Portfolio

Office Portfolio

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60%
60%
52%
50%
50% 46%
40% 40%
30% 30%
20% 15% 20% 17%
11% 10%
10% 4% 6% 8% 10% 5% 6% 5% 6% 9%
0%
0%
Vacant FY25 FY26 FY27 FY28 FY29 FY30+
Vacant FY25 FY26 FY27 FY28 FY29 FY30+
Industrial Portfolio Retail Portfolio
70% 80% 60% 70%
60% 70% 55% 50% 60%
60% 55%
50%
50%
50% 40%
40%
40%
40% 30% 28%
30% 30% 30% 28% 23% 23%
20%10% 20%10% 7% 7% 6% 6% 5% 5% 9% 9% 16% 16% 20%10% 20%10% 11% 11% 13% 13% 12% 12% 11% 11%
2% 2% 2% 1%
0% 0% 0% 0%
Vacant Vacant FY25 FY25 FY26 FY26 FY27 FY27 FY28 FY28 FY29 FY29 FY30+ FY30+ Vacant Vacant FY25 FY25 FY26 FY26 FY27 FY27 FY28 FY28 FY29 FY29 FY30+ FY30+
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Includes BTR, assets held for sale, and excludes properties under construction (IPUC), MWOF co-investment properties, properties being held for development and 53 Walker Street & 97 Pacific Highway, North Sydney, South Eveleigh Carpark and 80 Bay Street, Ultimo (Sydney).
Includes assets held for sale, and properties being held for development and excludes IPUC and AASB 16 lease liability gross up amounts. Subject to rounding.
Retail GLA excludes 80 Bay Street, Ultimo (Sydney).
Excludes IPUC, asset held for sale (367 Collins Street, Melbourne) and properties being held for development. BTR and Land Lease occupancy calculated by lot number and are excluded from total.
Excludes IPUC and MWOF.
By valuation, including Mirvac co-investments, asset held for sale, properties being held for development, and 53 Walker Street & 97 Pacific Highway, North Sydney, and South Eveleigh Carpark, but excludes IPUC. Subject to rounding.
By valuation, including assets held for sale, properties being held for development, and 53 Walker Street & 97 Pacific Highway, North Sydney, and South Eveleigh Carpark, but excludes Mirvac co-investments, and IPUC.
By income, excluding assets held for sale, IPUC, BTR, Land Lease, Mirvac co-investments, and properties being held for development.

FY24 Property Compendium

Investment Office Industrial Retail Build to Rent Land Lease Funds

Development Commercial & Mixed Use Residential Important Notice Contact Us

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Office

Comprising 59% of Mirvac’s investment property portfolio, the office portfolio is focused on the core markets of Sydney and Melbourne and has a weighted average lease expiry of 5.9 years.

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Olderfleet, Melbourne
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12
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Mirvac FY24 Property Compendium

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Office

Grade Diversification[1]

Geographic Diversification[2]

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Premium 48% A Grade 52%

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Sydney 53%Sydney 53% Melbourne 30%Melbourne 30% Brisbane 7%Brisbane 7% Canberra 6% Canberra 6% Perth 4% Perth 4%

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% OF VALUATION
OFFICE AT
PORTFOLIO GROSS 30 JUN CAP NABERS
PROPERTY LOCATION NLA [3] VALUE [3] OFFICE RENT 2024 [4] RATE RATING
1 101-103 MILLER STREET NORTH SYDNEY, NSW 37,406 SQM 4.5% $1,177/SQM $265.0m 6.13% 5.0 Star
2 10-20 BOND STREET SYDNEY, NSW 38,318 SQM 4.9% $1,316/SQM $291.3m 6.25% 5.5 Star
3 275 KENT STREET SYDNEY, NSW 76,070 SQM 13.7% $1,420/SQM $812.6m 5.25% 5.5 Star
4 SOUTH EVELEIGH PRECINCT EVELEIGH, NSW 102,292 SQM 7.0% $838/SQM $417.0m 5.75% 6.0 Star
5 75 GEORGE STREET PARRAMATTA, NSW 9,568 SQM 0.8% $664/SQM $47.0m 8.00% -
6 1 DARLING ISLAND PYRMONT, NSW 22,197 SQM 4.3% $1,024/SQM $252.5m 6.25% 6.0 Star
7 65 PIRRAMA ROAD PYRMONT, NSW 15,931 SQM 3.1% $983/SQM $185.1m 6.38% 6.0 Star
8 699 BOURKE STREET MELBOURNE, VIC 19,303 SQM 1.2% $761/SQM $73.8m 6.25% 5.5 Star
9 90 COLLINS STREET MELBOURNE, VIC 21,262 SQM 3.8% $794/SQM $227.0m 5.88% 4.0 Star
10 OLDERFLEET 477 COLLINS STREET MELBOURNE, VIC 58,594 SQM 7.0% $956/SQM $416.0m 5.50% 5.5 Star
11 664 COLLINS STREET MELBOURNE, VIC 26,386 SQM 2.1% $780/SQM $125.2m 6.25% 5.5 Star
12 380 ST KILDA ROAD MELBOURNE, VIC 23,798 SQM 3.4% $690/SQM $200.2m 6.25% 4.5 Star
4.0 Star &
13 RIVERSIDE QUAY SOUTHBANK, VIC 31,792 SQM 5.1% $929/SQM $301.9m 6.25%
4.5 Star
14 2 RIVERSIDE QUAY SOUTHBANK, VIC 21,132 SQM 2.1% $831/SQM $126.7m 6.00% 5.5 Star
15 23 FURZER STREET PHILLIP, ACT 46,167 SQM 5.8% $512/SQM $345.0m 6.25% 6.0 Star
16 HERITAGE LANES 80 ANN STREET BRISBANE, QLD 62,165 SQM 7.0% $930/SQM $413.0m 5.50% 5.5 Star
OFFICE INVESTMENT PROPERTIES TOTAL 612,381 SQM $4,544.0m [5]
17 8 CHIFLEY SQUARE SYDNEY, NSW 19,346 SQM 3.6% $1,671/SQM $211.3m 5.50% 4.5 Star
18 200 GEORGE STREET SYDNEY, NSW 39,030 SQM 7.5% $1,728/SQM $442.4m 5.25% 5.5 Star
19 LOCOMOTIVE WORKSHOP EVELEIGH, NSW 31,438 SQM 3.1% $910/SQM $184.7m 6.00% 5.5 Star
20 DAVID MALCOLM JUSTICE CENTRE, 28 BARRACK STREET PERTH, WA 31,880 SQM 4.0% $880/SQM $238.3m 5.88% 5.0 Star
OFFICE INVESTMENT PROPERTIES HELD IN JOINT VENTURES TOTAL 121,694 SQM $1,076.7m
21 367 COLLINS STREET MELBOURNE, VIC 38,036 SQM $855/SQM n/a 4.5 Star
OFFICE INVESTMENT PROPERTIES CLASSIFIED AS HELD FOR SALE TOTAL 38,036 SQM
OFFICE TOTAL 772,111 SQM $5,920.7m [5] 5.86%
MWOF CO-INVESTMENT $359m
TOTAL OFFICE INVESTMENT $6,279.7m [5]
WEIGHTED AVERAGE LEASE EXPIRY (BY INCOME) [6] 5.9 YEARS
OCCUPANCY % (BY AREA) [6] 95.1%
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By valuation, including property held for sale, but excluding IPUC and Mirvac's MWOF co-investment at equity value.
By valuation, including properties being held for development, and property held for sale but excluding IPUC and Mirvac's MWOF co-investment at equity value.
Subject to rounding.
Valuations represent Mirvac’s ownership. Subject to rounding.
This total value includes asset held for sale at fair market value, 53 Walker Street & 97 Pacific Highway, North Sydney, and South Eveleigh Carpark. These assets are excluded from all other operational metrics. Subject to rounding.
Excludes asset held for sale, 367 Collins Street, Melbourne and assets held for development.

Mirvac FY24 Property Compendium

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Investment Property 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. A premium grade office tower in North Sydney, it has achieved a 5 Star Green Star rating and a 5 Star NABERS Energy rating.

Summary Information

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GRADE Premium
NABERS RATING 5.0 Star
OWNERSHIP 50% Mirvac, 50% CapitaLand Integrated Commercial Trust
NLA 37,406 SQM
CAR SPACES 187
ACQUISITION DATE Jun-94
LAST EXTERNAL VALUATION DATE 30-Jun-24
VALUATION AT 30 JUNE 2024 $265.0m [1]
VALUER Savills
CAPITALISATION RATE 6.13%
DISCOUNT RATE 7.00%
GROSS OFFICE RENT $1,177/SQM
Major Tenants NLA SQM Lease Expiry
Commonwealth of Australia 10,324 Nov-26
Allianz 5,658 Jun-28
Lease Expiry Profile % Income
VACANCY 5.3%
FY25 6.5%
FY26 0.0%
FY27 39.4%
FY28 17.9%
FY29 15.3%
FY30+ 15.6%
WALE 3.6 YEARS
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Book value represents Mirvac's ownership.

Mirvac FY24 Property Compendium

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Investment Property Office

10-20 BOND STREET SYDNEY, NSW

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With a newly refurbished lobby and end of trip facility, 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 office tower 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 4 Star Green Star design rating, and a 5.5 Star NABERS Energy rating.

Summary Information

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GRADE A
NABERS RATING 5.5 Star
50% Mirvac, 50% Prime Property Fund Asia
OWNERSHIP
Limited Partnership
NLA 38,318 SQM
CAR SPACES 150
ACQUISITION DATE Dec-09
LAST EXTERNAL VALUATION DATE 30-Jun-23
VALUATION AT 30 JUNE 2024 $291.3m [1]
VALUER Directors Valuation
CAPITALISATION RATE 6.25%
DISCOUNT RATE 7.00%
GROSS OFFICE RENT $1,316/SQM
Major Tenants NLA SQM Lease Expiry
ClearView Administration Services 3,436 Apr-26
Australian Energy Market Operator (AEMO) 1,935 Jun-27
Lease Expiry Profile % Income
VACANCY 2.5%
FY25 17.8%
FY26 14.4%
FY27 14.5%
FY28 12.8%
FY29 16.6%
FY30+ 21.4%
WALE 3.5 YEARS
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Book value represents Mirvac's ownership.

Mirvac FY24 Property Compendium

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Investment Property 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 accommodation and is the head office of Westpac Banking Corporation. The precinct also includes a sun-filled urban park available for public use, a newly renovated 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 6 Star Green Star Performance rating, and a 5.5 Star NABERS Energy rating.

Summary Information

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GRADE Premium
NABERS RATING 5.5 Star
OWNERSHIP 50% Mirvac, 50% ISPT
NLA 76,070 SQM
CAR SPACES 214
ACQUISITION DATE Aug-10
LAST EXTERNAL VALUATION DATE 30-Jun-23
VALUATION AT 30 JUNE 2024 $812.6m [1]
VALUER Directors Valuation
CAPITALISATION RATE 5.25%
DISCOUNT RATE 6.50%
GROSS OFFICE RENT $1,420/SQM
Major Tenants NLA SQM Lease Expiry
Westpac 58,728 Oct-30
Optiver 9,225 Jan-36
Lease Expiry Profile % Income
VACANCY 0.4%
FY25 11.3%
FY26 0.2%
FY27 0.0%
FY28 0.0%
FY29 1.3%
FY30+ 86.8%
WALE 6.3 YEARS
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Book value represents Mirvac's ownership.

Mirvac FY24 Property Compendium

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Investment Property Office

SOUTH EVELEIGH PRECINCT EVELEIGH, NSW

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Located on Sydney's CBD fringe, South Eveleigh is Mirvac's largest office development to date, with the site having convenient direct links to Redfern train station. The precinct includes office space, leased to Commonwealth Bank of Australia, ground plane retail, public artworks and range of community facilities, including sports courts, an oval and skate park. Axle (Building 1) and Yerrabingin House (Building 3) reached completion in March 2019. Axle comprises 8 levels and over 44,000 square metres of NLA with premium end of trip facilities and has achieved a 6 star Green Star rating, a 6 star NABERS energy rating and a 5 star NABERS water rating. Yerrabingin House is the precinct’s cultural hub that brings together Aboriginal and eco-tourism history and knowledge into a multi-layered heritage experience. The Foundry (Building 2) was completed in May 2020 and spans over 50,000 square metres of NLA over 6 levels and has achieved a 6 Star Green Star rating, and 6 Star NABERS Energy rating. With expansive floorplates nearing 9,000 square metres, it has earned the title of one of Australia’s first ‘groundscrapers’ in reference to its large-scale, low-level design.

Summary Information

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GRADE A
NABERS RATING 6.0 Star [1]
OWNERSHIP 33.3% Mirvac, 33.3% MWOF, 33.3% Australian Retirement Trust (ART)
NLA 102,292 SQM
CAR SPACES 700
ACQUISITION DATE Aug-19
LAST EXTERNAL VALUATION DATE 30-Jun-24
VALUATION AT 30 JUNE 2024 $417.0m [2]
VALUER Savills
CAPITALISATION RATE 5.75%
DISCOUNT RATE 6.50%
GROSS OFFICE RENT $838/SQM
Major Tenants NLA SQM Lease Expiry
CBA (The Foundry) 51,272 Oct-35
CBA (Axle and Yerrabingin House) 46,569 Aug-34
Lease Expiry Profile % Income
VACANCY 1.3%
FY25 0.2%
FY26 0.0%
FY27 0.1%
FY28 0.8%
FY29 1.8%
FY30+ 95.8%
WALE 10.4 YEARS
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Axle & Foundry buildings only.
Book value represents Mirvac's ownership.

Mirvac FY24 Property Compendium

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Investment Property Office

75 GEORGE STREET

PARRAMATTA, NSW

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75 George Street is an A-grade tower comprising six levels. Prominently positioned in the heart of Parramatta CBD, at the intersection of George Street and Smith Street, the asset benefits from being located between the traditional centre of Parramatta, and the new development precinct concentrated around Parramatta Square and the future Parramatta metro train station.

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Summary Information
GRADE A
NABERS RATING -
OWNERSHIP 100%
NLA 9,568 SQM
CAR SPACES 104
ACQUISITION DATE Jan-18
LAST EXTERNAL VALUATION DATE 30-Jun-24
VALUATION AT 30 JUNE 2024 $47.0m
VALUER Directors Valuation
CAPITALISATION RATE 8.00%
DISCOUNT RATE 8.00%
GROSS OFFICE RENT $664/SQM
Major Tenants NLA SQM Lease Expiry
Australian Chiropractors Association 460 Mar-25
Lease Expiry Profile % Income
VACANCY 87.2%
FY25 8.1%
FY26 4.7%
FY27 0.0%
FY28 0.0%
FY29 0.0%
FY30+ 0.0%
WALE 0.1 YEARS
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Mirvac FY24 Property Compendium

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Investment Property Office

1 DARLING ISLAND PYRMONT, NSW

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Developed by Mirvac in 2006, this fully leased 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 4,400 square metres each and has achieved a 6 Star NABERS Energy rating.

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Summary Information
GRADE A
NABERS RATING 6.0 Star
OWNERSHIP 100%
NLA 22,197 SQM
CAR SPACES 131
ACQUISITION DATE Apr-04
LAST EXTERNAL VALUATION DATE 31-Dec-23
VALUATION AT 30 JUNE 2024 $252.5m
VALUER Directors Valuation
CAPITALISATION RATE 6.25%
DISCOUNT RATE 7.00%
GROSS OFFICE RENT $1,024/SQM
Major Tenants NLA SQM Lease Expiry
Google Australia 22,197 Jun-27
Lease Expiry Profile % Income
VACANCY 0.0%
FY25 0.0%
FY26 0.0%
FY27 100.0%
FY28 0.0%
FY29 0.0%
FY30+ 0.0%
WALE 3.0 YEARS
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Mirvac FY24 Property Compendium

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Investment Property Office

65 PIRRAMA ROAD

PYRMONT, NSW

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Developed by Mirvac in 2002 with a full lobby and end of trip refurbishment completed in 2021, 65 Pirrama Road is an A grade, waterfront commercial office complex, comprising five office levels. Also known as Bay Centre, located next to Darling Harbour and The Star casino, the building has large floor plates in excess of 3,000 square metres each, and offers tenants a flexible and modern working environment with city and harbour views from all levels. The building has achieved a 6.0 Star NABERS Energy rating.

Summary Information

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GRADE A
NABERS RATING 6.0 Star
OWNERSHIP 100%
NLA 15,931 SQM
CAR SPACES 112
ACQUISITION DATE Jun-01
LAST EXTERNAL VALUATION DATE 30-Jun-23
VALUATION AT 30 JUNE 2024 $185.1m
VALUER Directors Valuation
CAPITALISATION RATE 6.38%
DISCOUNT RATE 6.88%
GROSS OFFICE RENT $983/SQM
Major Tenants NLA SQM Lease Expiry
John Holland 6,243 Dec-29
Australian Communications & Media Authority 3,889 Feb-28
Lease Expiry Profile % Income
VACANCY 0.0%
FY25 4.0%
FY26 0.0%
FY27 8.5%
FY28 26.7%
FY29 21.0%
FY30+ 39.8%
WALE 4.2 YEARS
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Mirvac FY24 Property Compendium

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Investment Property Office

699 BOURKE STREET

MELBOURNE, VIC

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Developed by Mirvac and completed in 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 vertical connectivity for employees, boasting 270 degree views and natural light provided via floor to ceiling glazing. The building has received a 6 Star Green Star Design rating and a 5.5 Star NABERS Energy rating.

Summary Information

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GRADE A
NABERS RATING 5.5 Star
50% Mirvac, 50% Prime Property Fund Asia Limited
OWNERSHIP
Partnership
NLA 19,303 SQM
CAR SPACES 86
ACQUISITION DATE Jun-15
LAST EXTERNAL VALUATION DATE 31-Dec-23
VALUATION AT 30 JUNE 2024 $73.8m [1]
VALUER Directors Valuation
CAPITALISATION RATE 6.25%
DISCOUNT RATE 7.13%
GROSS OFFICE RENT $761/SQM
Major Tenants NLA SQM Lease Expiry
AGL Energy 19,303 May-33
Secure Parking - Holdover
Lease Expiry Profile % Income
VACANCY 0.0%
FY25 3.3%
FY26 0.0%
FY27 0.0%
FY28 0.0%
FY29 0.0%
FY30+ 96.7%
WALE 8.6 YEARS
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Book value represents Mirvac's ownership.

Mirvac FY24 Property Compendium

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Investment Property 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. Mirvac originally purchased the asset in 2013. The asset is home to premium retail frontage including Cartier. The building has achieved a 4.0 Star NABERS rating.

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Summary Information
GRADE A
NABERS RATING 4.0 Star
OWNERSHIP 100%
NLA 21,262 SQM
CAR SPACES 111
ACQUISITION DATE May-13
LAST EXTERNAL VALUATION DATE 30-Jun-24
VALUATION AT 30 JUNE 2024 $227.0m
VALUER Savills
CAPITALISATION RATE 5.88%
DISCOUNT RATE 6.50%
GROSS OFFICE RENT $794/SQM
Major Tenants NLA SQM Lease Expiry
Whitbread Associates 1,461 Dec-26
Regus 1,137 Mar-27
Lease Expiry Profile % Income
VACANCY 12.7%
FY25 8.5%
FY26 8.3%
FY27 29.0%
FY28 29.2%
FY29 0.0%
FY30+ 12.3%
WALE 2.9 YEARS
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Mirvac FY24 Property Compendium

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Investment Property Office

OLDERFLEET 477 COLLINS STREET

MELBOURNE, VIC

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Completed in 2020 and located on Melbourne’s premier office street in the heart of the CBD, Olderfleet 477 Collins Street is an iconic 58,000 square metre Premium grade office tower designed by award winning architects Grimshaw, with interiors by Carr Design. The building pays homage to Melbourne’s past with its sympathetic refurbishment of three prominent heritage buildings fronting Collins Street. The development includes smart technology, leading sustainability features and premium amenities, including hotel-style end-of trip facilities, childcare, a concierge and flexible space options. Anchor tenant Deloitte has 26,000 square metres of space and they are joined by several other organisations including Norton Rose Fulbright, Lander & Rogers and Urbis. Olderfleet was the first office building in the country to achieve a Platinum Core and Shell WELL Pre-Certification. The building has achieved a 5.5 Star NABERS Energy and 6 Star Green Star ratings.

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Summary Information
GRADE Premium
NABERS RATING 5.5 Star
OWNERSHIP 50% Mirvac, 50% Suntec
NLA 58,594 SQM
CAR SPACES 416
ACQUISITION DATE Jul-20
LAST EXTERNAL VALUATION DATE 30-Jun-24
VALUATION AT 30 JUNE 2024 $416.0m [1]
VALUER Colliers
CAPITALISATION RATE 5.50%
DISCOUNT RATE 6.63%
GROSS OFFICE RENT $956/SQM
Major Tenants NLA SQM Lease Expiry
Deloitte 26,839 Jun-32
Landers & Rogers 5,924 Dec-32
Lease Expiry Profile % Income
VACANCY 2.1%
FY25 7.7%
FY26 0.0%
FY27 0.6%
FY28 2.1%
FY29 6.4%
FY30+ 81.1%
WALE 7.0 YEARS
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Book value represents Mirvac's ownership.

Mirvac FY24 Property Compendium

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Investment Property Office

664 COLLINS STREET

MELBOURNE, VIC

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Developed by Mirvac and completed in 2018, 664 Collins Street provides 26,000 square metres of office space across nine levels, with expansive floor plates of over 3,100 square metres. In its unique urban location above Southern Cross Station, 664 Collins Street provides its tenants with uninterrupted city views on all sides, as well as pedestrian access to the station, major tram routes, and both Collins and Bourke streets through a unique elevated open-air public walkway. The building is equipped with smart technology that collects real-time data to improve operational efficiency, as well as pioneering sustainability features driving its 5.5 star NABERS Energy rating. The building also boasts best in class end-of-trip facilities exclusive to its tenants, along with onsite car parking.

Summary Information

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GRADE A
NABERS RATING 5.5 Star
50% Mirvac, 50% Prime Property Fund Asia Limited
OWNERSHIP
Partnership
NLA 26,386 SQM
CAR SPACES 101
ACQUISITION DATE Apr-18
LAST EXTERNAL VALUATION DATE 31-Dec-23
VALUATION AT 30 JUNE 2024 $125.2m [1]
VALUER Directors Valuation
CAPITALISATION RATE 6.25%
DISCOUNT RATE 6.75%
GROSS OFFICE RENT $780/SQM
Major Tenants NLA SQM Lease Expiry
Pitcher Partners 9,086 Jun-30
EPA 5,395 Jun-29
Lease Expiry Profile % Income
VACANCY 0.0%
FY25 14.8%
FY26 0.0%
FY27 4.2%
FY28 16.4%
FY29 31.3%
FY30+ 33.3%
WALE 4.3 YEARS
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Book value represents Mirvac's ownership.

Mirvac FY24 Property Compendium

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Investment Property Office

380 ST KILDA ROAD

MELBOURNE, VIC

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image
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This 15-level, A-grade office building comprises six podium levels of up to 2,800 square metres each, with tower floors of 1,200 square metres 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. Refurbishment works including a lobby refurbishment, ground floor plane repositioning and end of trip upgrades were completed in 2024.

Summary Information

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GRADE A
NABERS RATING 4.5 Star
OWNERSHIP 100%
NLA 23,798 SQM
CAR SPACES 312
ACQUISITION DATE Oct 95 (50%), Apr 01 (50%)
LAST EXTERNAL VALUATION DATE 30-Jun-22
VALUATION AT 30 JUNE 2024 $200.2m
VALUER Directors Valuation
CAPITALISATION RATE 6.25%
DISCOUNT RATE 7.13%
GROSS OFFICE RENT $690/SQM
Major Tenants NLA SQM Lease Expiry
Toll Transport 2,800 Nov-25
Defence Health 2,778 May-28
Lease Expiry Profile % Income
VACANCY 33.6%
FY25 16.0%
FY26 19.8%
FY27 7.3%
FY28 13.7%
FY29 0.0%
FY30+ 9.6%
WALE 2.2 YEARS
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Mirvac FY24 Property Compendium

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Investment Property Office

RIVERSIDE QUAY

SOUTHBANK, VIC

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Riverside Quay is a modern A-grade office complex comprising three individual buildings, 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 & 4.5 Star
OWNERSHIP 100%
NLA 31,792 SQM
CAR SPACES 82
ACQUISITION DATE Apr 02 (1&3), Jul 03 (2)
LAST EXTERNAL VALUATION DATE 30-Jun-23
VALUATION AT 30 JUNE 2024 $301.9m
VALUER Directors Valuation
CAPITALISATION RATE 6.25%
DISCOUNT RATE 6.88%
GROSS OFFICE RENT $929/SQM
Major Tenants NLA SQM Lease Expiry
Veris Australia 1,565 Oct-25
UGL 1,528 Dec-27
Lease Expiry Profile % Income
VACANCY 16.1%
FY25 8.4%
FY26 18.4%
FY27 20.1%
FY28 12.8%
FY29 6.8%
FY30+ 17.4%
WALE 3.1 YEARS
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Mirvac FY24 Property Compendium

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Investment Property Office

2 RIVERSIDE QUAY SOUTHBANK, VIC

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Developed by Mirvac and completed in 2016, 2 Riverside Quay is located along the waterfront of Southbank, directly across from Melbourne's CBD. The office development was built above an existing eight-level car park structure and comprises 12 levels of office with ground floor retail and a roof top terrace. Leading sustainability initiatives were implemented within the building, including high-performance air conditioning, rainwater capture and recycling, and the use of high-performance glazing and façade systems to reduce solar loads resulting in a 5.5 star NABERS energy rating.

Summary Information

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GRADE A
NABERS RATING 5.5 Star
OWNERSHIP 50% Mirvac, 50% ISPT
NLA 21,132 SQM
CAR SPACES 567
ACQUISITION DATE Dec-16
LAST EXTERNAL VALUATION DATE 31-Dec-23
VALUATION AT 30 JUNE 2024 $126.7m [1]
VALUER Directors Valuation
CAPITALISATION RATE 6.00%
DISCOUNT RATE 6.63%
GROSS OFFICE RENT $831/SQM
Major Tenants NLA SQM Lease Expiry
PwC 17,257 Jan-29
Wilson Parking - Jan-29
Lease Expiry Profile % Income
VACANCY 0.0%
FY25 0.0%
FY26 0.1%
FY27 7.9%
FY28 8.5%
FY29 83.5%
FY30+ 0.0%
WALE 4.3 YEARS
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Book value represents Mirvac's ownership.

Mirvac FY24 Property Compendium

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Investment Property 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 Aged Care and comprises 10 office levels with floors of approximately 4,500 square metres each, as well as two levels of basement parking. The building has achieved a 6 Star NABERS Energy rating, a 6 star NABERS Water rating and a 6 Star Green Star performance rating.

Summary Information

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GRADE A
NABERS RATING 6.0 Star
OWNERSHIP 100%
NLA 46,167 SQM
CAR SPACES 374
ACQUISITION DATE Feb-10
LAST EXTERNAL VALUATION DATE 30-Jun-24
VALUATION AT 30 JUNE 2024 $345.0m
VALUER JLL
CAPITALISATION RATE 6.25%
DISCOUNT RATE 6.75%
GROSS OFFICE RENT $512/SQM
Major Tenants NLA SQM Lease Expiry
Department of Health & Aged Care 45,967 Feb-35
Lease Expiry Profile % Income
VACANCY 0.0%
FY25 0.0%
FY26 0.0%
FY27 0.4%
FY28 0.0%
FY29 0.0%
FY30+ 99.6%
WALE 10.6 YEARS
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Mirvac FY24 Property Compendium

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Investment Property Office

HERITAGE LANES 80 ANN STREET

BRISBANE, QLD

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80 Ann Street, or "Heritage Lanes", is a 35 level, approximately 62,100 square metre premium office building in Brisbane’s CBD with dual frontage to Turbot and Ann Streets. The building reached practical completion in April 2022, being anchored by Suncorp and KPMG. The building’s design provides a number of breathable spaces throughout to take advantage of the local climate and also pays homage to the old Brisbane Produce Exchange which was located on the site until the mid-1900s. This is reflected in the heritage façade fronting Turbot Street and the marketplace experience being created on the ground plane which extends through to the main lobby on Level 1. Designed by Woods Bagot Architects, the building has achieved platinum WELL and 6- star Green Star in Building design & construction ratings.

Summary Information

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GRADE Premium
NABERS RATING 5.5 Star
OWNERSHIP 50% Mirvac, 50% M&G Real Estate
NLA 62,165 SQM
CAR SPACES 125
ACQUISITION DATE Jul-18
LAST EXTERNAL VALUATION DATE 31-Dec-23
VALUATION AT 30 JUNE 2024 $413.0m [1]
VALUER Directors Valuation
CAPITALISATION RATE 5.50%
DISCOUNT RATE 6.50%
GROSS OFFICE RENT $930/SQM
Major Tenants NLA SQM Lease Expiry
Suncorp 34,739 Jun-32
KPMG 7,740 Sep-33
Lease Expiry Profile % Income
VACANCY 0.0%
FY25 3.8%
FY26 7.2%
FY27 1.9%
FY28 1.5%
FY29 1.5%
FY30+ 84.1%
WALE 7.1 YEARS
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Book value represents Mirvac's ownership.

Mirvac FY24 Property Compendium

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Investment in Joint Ventures Office

8 CHIFLEY SQUARE SYDNEY, NSW

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8 Chifley Square 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 commitment to delivering exceptional environmental performance and sustainability, 8 Chifley Square has achieved a 6 Star Green Star Office Design v2 certified rating, and 6 Star Green Star for As-Built rating.

Summary Information

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GRADE Premium
NABERS RATING 4.5 Star
OWNERSHIP 50% Mirvac, 50% Keppel REIT
NLA 19,346 SQM
CAR SPACES 27
ACQUISITION DATE Dec-13
LAST EXTERNAL VALUATION DATE 31-Dec-22
VALUATION AT 30 JUNE 2024 $211.3m [1]
VALUER Directors Valuation
CAPITALISATION RATE 5.50%
DISCOUNT RATE 6.63%
GROSS OFFICE RENT $1,671/SQM
Major Tenants NLA SQM Lease Expiry
RBA 10,118 Jul-28
Gadens 2,836 Jun-32
Lease Expiry Profile % Income
VACANCY 0.2%
FY25 0.1%
FY26 0.4%
FY27 9.8%
FY28 0.5%
FY29 51.9%
FY30+ 37.1%
WALE 5.2 YEARS
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Book value represents Mirvac's ownership.

Mirvac FY24 Property Compendium

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Investment in Joint Ventures Office

200 GEORGE STREET

SYDNEY, NSW

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Completed in 2016, EY Centre is an iconic Premium-grade office tower, designed by award winning architects Francis-Jones Morehen Thorp. The tower is one of the first 'smart' office buildings in Australia, with market leading technology that adjusts the internal environment to meet the needs of tenants. In March 2017, Mirvac received Australia's first Gold WELL-certification for its tenancy at 200 George Street, in addition to a 6 Star Green Star Interior rating. The building has achieved a 6 Green Star As-Built rating, and a 5.5 Star NABERS rating.

Summary Information

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GRADE Premium
NABERS RATING 5.5 Star
OWNERSHIP 50.1% Mirvac, 49.9% M&G Real Estate
NLA 39,030 SQM
CAR SPACES 62
ACQUISITION DATE Jun-16
LAST EXTERNAL VALUATION DATE 31-Dec-23
VALUATION AT 30 JUNE 2024 $442.4m [1]
VALUER Directors Valuation
CAPITALISATION RATE 5.25%
DISCOUNT RATE 6.50%
GROSS OFFICE RENT $1,728/SQM
Major Tenants [2] NLA SQM Lease Expiry
EY 25,850 Dec-26
AGL Energy 3,457 Jun-29
Lease Expiry Profile % Income
VACANCY 0.5%
FY25 0.0%
FY26 19.3%
FY27 62.9%
FY28 0.5%
FY29 9.7%
FY30+ 7.1%
WALE 3.1 YEARS
----- End of picture text -----

Book value represents Mirvac's ownership.
Excludes Mirvac tenancy.

Mirvac FY24 Property Compendium

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Investment in Joint Ventures Office

LOCOMOTIVE WORKSHOP

EVELEIGH, NSW

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Completed in 2021 and located in Sydney’s CBD Fringe, the Locomotive Workshop provides 31,000 square metres of A grade space over 15 bays, with anchor tenants Quantium Group and OMG. The adaptive re-use and redevelopment of the 1880’s-built heritage listed Locomotive Workshop includes a combination of bespoke retail, and modern infill office with innovative heritage design and interpretation. The Locomotive Workshop is of high heritage significance and as such the redevelopment preserved and celebrated the building fabric, its collections and blacksmith activity to create an industry leading example of adaptive reuse and heritage interpretation.

Summary Information

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GRADE A
NABERS RATING 5.5 Star
OWNERSHIP 51% Mirvac, 49% ART
NLA 31,438 SQM
CAR SPACES -
ACQUISITION DATE Apr-16
LAST EXTERNAL VALUATION DATE 31-Dec-23
VALUATION AT 30 JUNE 2024 $184.7m [1]
VALUER Directors Valuation
CAPITALISATION RATE 6.00%
DISCOUNT RATE 6.63%
GROSS OFFICE RENT $910/SQM
Major Tenants NLA SQM Lease Expiry
Quantium Group 12,369 Oct-31
OMG 4,122 Jun-32
Lease Expiry Profile % Income
VACANCY 9.9%
FY25 0.1%
FY26 0.0%
FY27 0.0%
FY28 0.0%
FY29 2.6%
FY30+ 87.4%
WALE 7.1 YEARS
----- End of picture text -----

Book value represents Mirvac's ownership.

Mirvac FY24 Property Compendium

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Investment in Joint Ventures Office

DAVID MALCOLM JUSTICE CENTRE, 28 BARRACK STREET

PERTH, WA

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Developed by Mirvac and completed in late 2015, the David Malcolm Justice Centre (previously Treasury Building) is a 33 level office tower, which fronts on to Barrack Street and is immediately south of Town Hall. The property offers a vaulted multi-storey ground floor lobby, column-free floor plates and views of the Swan River above Level 4. The office tower received a 5 Star Green Star Design rating, a 6 Star Green Star Performance rating and has achieved a 5 Star NABERS Energy rating.

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Summary Information
GRADE Premium
NABERS RATING 5.0 Star
OWNERSHIP 50% Mirvac, 50% Keppel REIT
NLA 31,880 SQM
CAR SPACES 200
ACQUISITION DATE Sep-15
LAST EXTERNAL VALUATION DATE 31-Dec-23
VALUATION AT 30 JUNE 2024 $238.3m [1]
VALUER Directors Valuation
CAPITALISATION RATE 5.88%
DISCOUNT RATE 7.13%
GROSS OFFICE RENT $880/SQM
Major Tenants NLA SQM Lease Expiry
Minister for Works 30,588 Nov-40
Lease Expiry Profile % Income
VACANCY 0.0%
FY25 0.0%
FY26 0.3%
FY27 0.4%
FY28 0.3%
FY29 0.0%
FY30+ 99.0%
WALE 16.7 YEARS
----- End of picture text -----

Book value represents Mirvac's ownership.

Mirvac FY24 Property Compendium

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Investment Property Held for Sale Office

367 COLLINS STREET

MELBOURNE, VIC

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Refurbished in 2018, 367 Collins Street is ideally located in the centre of the Melbourne CBD, close to public transport, retail, the theatre and arts district and is a short tram ride to the MCG and Etihad Stadium. Lobby and retail upgrades have added to its surrounding aspect, the tower offers spectacular views of the Yarra River and is five minutes walk to Flinders Street Station. The building has achieved a 4.5 Star NABERS energy rating.

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Summary Information
GRADE A
NABERS RATING 4.5 Star
OWNERSHIP 100%
NLA 38,036 SQM
CAR SPACES 196
ACQUISITION DATE Nov-13
LAST EXTERNAL VALUATION DATE Held for sale
VALUATION AT 30 JUNE 2024 Held for sale
VALUER Held for sale
CAPITALISATION RATE n/a
DISCOUNT RATE n/a
GROSS OFFICE RENT $855/SQM
Major Tenants NLA SQM Lease Expiry
Sportsbet 8,817 Jun-29
Australian Institute of Company Directors 1,814 Jun-26
Lease Expiry Profile % Income
VACANCY 28.3%
FY25 13.6%
FY26 14.6%
FY27 0.5%
FY28 15.6%
FY29 22.4%
FY30+ 5.0%
WALE 2.3 YEARS
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FY24 Property Compendium

Investment Office Industrial Retail Build to Rent Land Lease Funds

Development Commercial & Mixed Use Residential Important Notice Contact Us

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Industrial

Comprising 14% of Mirvac’s investment property portfolio, the industrial portfolio is 99.3% occupied with a weighted average lease expiry of 6.1 years.

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Aspect Industrial Estate, Sydney
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35
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Mirvac FY24 Property Compendium

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Industrial

Geographic Diversification[1]

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Sydney 100%
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% OF INDUSTRIAL
PORTFOLIO VALUATION AT CAP
PROPERTY LOCATION NLA VALUE [2] 30 JUN 2024 [3] RATE
1 CALIBRE ESTATE (BUILDINGS 1-5), 60 WALLGROVE ROAD EASTERN CREEK, NSW 110,276 SQM 12.6% $181.1m 5.49%
2 HOXTON DISTRIBUTION PARK HOXTON PARK, NSW 139,607 SQM 14.9% $216.1m 5.30%
3 8 BRABHAM DRIVE HUNTINGWOOD, NSW 6,084 SQM 2.3% $33.5m 5.13%
4 36 GOW STREET PADSTOW, NSW 20,389 SQM 3.8% $55.0m 5.75%
5 NEXUS INDUSTRY PARK (BUILDINGS 1-5), LYN PARADE PRESTONS, NSW 75,791 SQM 16.7% $241.4m 5.51%
6 274 VICTORIA ROAD RYDALMERE, NSW 22,734 SQM 4.6% $67.0m 5.25%
7 34-38 ANZAC AVENUE SMEATON GRANGE, NSW 22,062 SQM 4.6% $66.5m 5.75%
8 1-47 PERCIVAL ROAD SMITHFIELD, NSW 24,146 SQM 4.9% $71.7m 5.63%
9 39 BRITTON STREET SMITHFIELD, NSW 13,390 SQM 2.7% $39.0m 5.75%
10 39 HERBERT STREET ST LEONARDS, NSW 36,407 SQM 17.3% $251.2m 5.64%
INDUSTRIAL INVESTMENT PROPERTIES TOTAL 470,886 SQM $1,222.5m
11 SWITCHYARD, 161 MANCHESTER ROAD AUBURN, NSW 72,594 SQM 12.3% $179.0m 5.13%
12 ASPECT (BUILDING 1), 788-824 MAMRE ROAD KEMPS CREEK, NSW 34,049 SQM 3.3% $48.5m 5.50%
INDUSTRIAL INVESTMENT PROPERTIES HELD IN JOINT VENTURES TOTAL 106,643 SQM $227.5m [4]
INDUSTRIAL TOTAL INVESTMENT 577,529 SQM $1,450.0m 5.46%
WEIGHTED AVERAGE LEASE EXPIRY (BY INCOME) 6.1 YEARS
OCCUPANCY % (BY AREA) 99.3%
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By valuation.
Excludes IPUC. Subject to rounding.
Valuations represent Mirvac’s ownership. Subject to rounding.
Total reflects the value of Mirvac's ownership share of Mirvac Industrial Venture (MIV) properties valuations, excluding Aspect North & South buildings currently under construction.

Mirvac FY24 Property Compendium

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Investment Property Industrial

CALIBRE ESTATE (BUILDINGS 1-5), 60 WALLGROVE ROAD

EASTERN CREEK, NSW

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Calibre Industrial Estate is located in Eastern Creek, NSW, approximately 40 kilometres west of the Sydney CBD and Sydney Airport. The site is positioned on the northwestern corner of the M4 and M7 motorway intersection with an exclusive signalised intersection on Wallgrove Road providing excellent access to the site. The estate comprises of five modern freestanding warehouse buildings that are fully leased.

Summary Information

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OWNERSHIP 50% Mirvac, 50% MILP
NLA 110,276 SQM
CAR SPACES 544
ACQUISITION DATE Dec-16
LAST EXTERNAL VALUATION DATE 30-Jun-24
VALUATION AT 30 JUNE 2024 $181.1m [1]
VALUER Knight Frank
CAPITALISATION RATE 5.49%
DISCOUNT RATE 7.43%
Major Tenants NLA SQM Lease Expiry
Sheldon & Hammond 31,221 Jun-28
ACFS Logistics 21,718 Jan-34
Lease Expiry Profile % Income
VACANCY 0.0%
FY25 0.0%
FY26 14.1%
FY27 0.0%
FY28 61.2%
FY29 0.0%
FY30+ 24.7%
WALE 4.9 YEARS
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Book value represents Mirvac's ownership.

Mirvac FY24 Property Compendium

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Investment Property Industrial

HOXTON DISTRIBUTION PARK

HOXTON PARK, NSW

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Hoxton Distribution Park is one of Australia's largest industrial facilities, 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 close proximity to the M7 Westlink Motorway, a major interchange, facilitating north and south bound access to Sydney's orbital network. Both facilities are 100% leased to Woolworths Limited.

Summary Information

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OWNERSHIP 50% Mirvac, 50% JP Morgan
NLA 139,607 SQM
CAR SPACES 787
ACQUISITION DATE Jul-10
LAST EXTERNAL VALUATION DATE 30-Jun-23
VALUATION AT 30 JUNE 2024 $216.1m [1]
VALUER Directors Valuation
CAPITALISATION RATE 5.30%
DISCOUNT RATE 6.88%
Major Tenants NLA SQM Lease Expiry
Woolworths 88,914 Feb-37
Woolworths 50,693 Jan-32
Lease Expiry Profile % Income
VACANCY 0.0%
FY25 0.0%
FY26 0.0%
FY27 0.0%
FY28 0.0%
FY29 0.0%
FY30+ 100.0%
WALE 10.8 YEARS
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Book value represents Mirvac's ownership.

Mirvac FY24 Property Compendium

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Investment Property 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. Leased to a 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%
NLA 6,084 SQM
CAR SPACES 83
ACQUISITION DATE Jan-15
LAST EXTERNAL VALUATION DATE 30-Jun-23
VALUATION AT 30 JUNE 2024 $33.5m
VALUER Directors Valuation
CAPITALISATION RATE 5.13%
DISCOUNT RATE 6.75%
Major Tenants NLA SQM Lease Expiry
BagTrans 6,084 Apr-31
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Lease Expiry Profile % Income

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VACANCY 0.0%
FY25 0.0%
FY26 0.0%
FY27 0.0%
FY28 0.0%
FY29 0.0%
FY30+ 100.0%
WALE 6.8 YEARS
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Mirvac FY24 Property Compendium

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Investment Property Industrial

36 GOW STREET

PADSTOW, NSW

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36 Gow Street is a modern high clearance warehouse with high quality offices and is located near the M5 Motorway, providing quick and easy access to Port Botany and the Sydney CBD.

Summary Information

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OWNERSHIP 100%
NLA 20,389 SQM
CAR SPACES 161
ACQUISITION DATE Feb-17
LAST EXTERNAL VALUATION DATE 30-Jun-24
VALUATION AT 30 JUNE 2024 $55.0m
VALUER Savills
CAPITALISATION RATE 5.75%
DISCOUNT RATE 6.75%
Major Tenants NLA SQM Lease Expiry
WSI Logistics 20,389 Jul-24 [1]
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Lease Expiry Profile % Income

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VACANCY 0.0%
FY25 100.0% [1]
FY26 0.0%
FY27 0.0%
FY28 0.0%
FY29 0.0%
FY30+ 0.0%
WALE 0.0 YEARS [1]
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WSI Logistics vacated in July 2024.

Mirvac FY24 Property Compendium

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Investment Property Industrial

NEXUS INDUSTRY PARK (BUILDINGS 1-5), LYN PARADE

PRESTONS, NSW

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Nexus Industry Park comprises a multi-building industrial estate consisting of five modern A grade, freestanding buildings with generous hardstands. It is located on the western alignment of Lyn Parade within the established industrial precinct of Prestons, within close proximity of the M5/M7 interchange, and approximately 40 kilometres south-west of the Sydney CBD.

Summary Information

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OWNERSHIP 100%
NLA 75,791 SQM
CAR SPACES 616
ACQUISITION DATE Aug-04
LAST EXTERNAL VALUATION DATE 31-Dec-22
VALUATION AT 30 JUNE 2024 $241.4m
VALUER Directors Valuation
CAPITALISATION RATE 5.51%
DISCOUNT RATE 7.00%
Major Tenants NLA SQM Lease Expiry
Legrand Australia 23,356 Oct-28
De'Longhi 17,267 Feb-31
Lease Expiry Profile % Income
VACANCY 0.0%
FY25 0.0%
FY26 0.0%
FY27 16.1%
FY28 0.0%
FY29 46.1%
FY30+ 37.8%
WALE 5.0 YEARS
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Mirvac FY24 Property Compendium

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Investment Property Industrial

274 VICTORIA ROAD

RYDALMERE, NSW

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274 Victoria Road is an industrial facility located two kilometres north-east of the Parramatta CBD, in close proximity to several major roads, including James Ruse Drive, the M4 Motorway, the Cumberland Highway and Parramatta Road.

Summary Information

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OWNERSHIP 100%
NLA 22,734 SQM
CAR SPACES 301
ACQUISITION DATE Jul-16
LAST EXTERNAL VALUATION DATE 31-Dec-22
VALUATION AT 30 JUNE 2024 $67.0m
VALUER Directors Valuation
CAPITALISATION RATE 5.25%
DISCOUNT RATE 6.88%
Major Tenants NLA SQM Lease Expiry
Thales Australia 22,734 Nov-32
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Lease Expiry Profile % Income

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VACANCY 0.0%
FY25 0.0%
FY26 0.0%
FY27 0.0%
FY28 0.0%
FY29 0.0%
FY30+ 100.0%
WALE 8.4 YEARS
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Mirvac FY24 Property Compendium

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Investment Property Industrial

34-38 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 Hume Motorway and close to the M5/M7 junction.

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Summary Information
OWNERSHIP 100%
NLA 22,062 SQM
CAR SPACES 183
ACQUISITION DATE Jan-15
LAST EXTERNAL VALUATION DATE 30-Jun-24
VALUATION AT 30 JUNE 2024 $66.5m
VALUER CBRE
CAPITALISATION RATE 5.75%
DISCOUNT RATE 7.25%
Major Tenants NLA SQM Lease Expiry
Hurford Wholesale Pty Ltd 7,356 Apr-25
Precision Paper Coatings 3,697 Sep-31
Lease Expiry Profile % Income
VACANCY 0.0%
FY25 30.5%
FY26 0.0%
FY27 16.2%
FY28 0.0%
FY29 23.0%
FY30+ 30.3%
WALE 4.0 YEARS
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Mirvac FY24 Property Compendium

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Investment Property Industrial

1-47 PERCIVAL ROAD

SMITHFIELD, NSW

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

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Summary Information
OWNERSHIP 100%
NLA 24,146 SQM
CAR SPACES 543
ACQUISITION DATE Nov-02
LAST EXTERNAL VALUATION DATE 30-Jun-23
VALUATION AT 30 JUNE 2024 $71.7m
VALUER Directors Valuation
CAPITALISATION RATE 5.63%
DISCOUNT RATE 7.13%
Major Tenants NLA SQM Lease Expiry
Vulcan Steel Pty Ltd 13,716 Jun-37
Clark Equipment 5,437 Feb-26
Lease Expiry Profile % Income
VACANCY 0.0%
FY25 0.0%
FY26 24.2%
FY27 0.0%
FY28 0.0%
FY29 0.0%
FY30+ 75.8%
WALE 10.3 YEARS
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Mirvac FY24 Property Compendium

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Investment Property Industrial

39 BRITTON STREET

SMITHFIELD, NSW

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Developed in 1998, 39 Britton Street is a high clearance standalone warehouse with six loading docks and six on-grade roller doors plus an adjoining two-storey office and amenities block. The property is well positioned to major infrastructure, being approximately one kilometre from the Cumberland Highway and five kilometres to the M4 Motorway providing easy access to Port Botany and the Sydney CBD.

Summary Information

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OWNERSHIP 100%
NLA 13,390 SQM
CAR SPACES 34
ACQUISITION DATE Jan-15
LAST EXTERNAL VALUATION DATE 31-Dec-23
VALUATION AT 30 JUNE 2024 $39.0m
VALUER Directors Valuation
CAPITALISATION RATE 5.75%
DISCOUNT RATE 7.25%
Major Tenants NLA SQM Lease Expiry
Tyres 4u 13,390 Sep-28
Lease Expiry Profile % Income
VACANCY 0.0%
FY25 0.0%
FY26 0.0%
FY27 0.0%
FY28 0.0%
FY29 100.0%
FY30+ 0.0%
WALE 4.2 YEARS
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Mirvac FY24 Property Compendium

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Investment Property Industrial

39 HERBERT STREET

ST LEONARDS, NSW

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39 Herbert Street is a high quality 3.7 hectare business park on Sydney's lower North Shore, located three kilometres from North Sydney CBD, six kilometres from the Sydney CBD in close proximity to St Leonards train station. It comprises two commercial buildings, 21 industrial/warehouse/office units as well as a childcare centre and a multi-storey carpark.

Summary Information

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OWNERSHIP 100%
NLA 36,407 SQM
CAR SPACES 593
ACQUISITION DATE Jan-15
LAST EXTERNAL VALUATION DATE 31-Dec-23
VALUATION AT 30 JUNE 2024 $251.2m
VALUER Directors Valuation
CAPITALISATION RATE 5.64%
DISCOUNT RATE 6.80%
Major Tenants NLA SQM Lease Expiry
Interactive 12,897 Nov-30
Westcon Group 2,681 Jul-25
Lease Expiry Profile % Income
VACANCY 6.6%
FY25 10.6%
FY26 12.1%
FY27 10.4%
FY28 2.9%
FY29 2.1%
FY30+ 55.3%
WALE 4.1 YEARS
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Mirvac FY24 Property Compendium

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Investment in Joint Ventures Industrial

SWITCHYARD, 161 MANCHESTER ROAD

AUBURN, NSW

Switchyard is located approximately 3.3 kilometres from Parramatta CBD and 18 kilometres from Sydney CBD. It is well placed to benefit from significant infrastructure investment including the WestConnex project which will provide motorway connectivity to Port Botany and Sydney Airport. The 14-hectare site is a state-of-the-art industrial estate as well as a vibrant employment precinct delivering premium facilities that blend flexible warehousing, office space and small-scale local amenities such as a local café totalling approximately 72,000 square metres of floor space.

Summary Information

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OWNERSHIP MIV JV: 51% Mirvac, 49% ART
NLA 72,594 SQM
CAR SPACES 590
ACQUISITION DATE Nov-21
LAST EXTERNAL VALUATION DATE 30-Jun-24
VALUATION AT 30 JUNE 2024 $179.0m [1]
VALUER JLL
CAPITALISATION RATE 5.13%
DISCOUNT RATE 7.38%
Major Tenants NLA SQM Lease Expiry
Nippon Foods 7,848 Sep-33
Gilbarco 5,873 Aug-33
Lease Expiry Profile % Income
VACANCY 2.5%
FY25 0.0%
FY26 0.0%
FY27 0.0%
FY28 6.4%
FY29 44.3%
FY30+ 46.8%
WALE 6.2 YEARS
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Book value represents Mirvac's ownership.

Mirvac FY24 Property Compendium

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Investment in Joint Ventures Industrial

ASPECT (BUILDING 1), 788-824 MAMRE ROAD

KEMPS CREEK, NSW

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Aspect Industrial Estate is a 56 hectare site located with direct frontage to Mamre Road in the Mamre Road precinct in Kemps Creek, close to Western Sydney International (Nancy-Bird Walton) Airport, due for completion in 2026. Building 1 was completed in 2024 and is 100% leased to Ceva Logistics. The estate, once complete, will include 9 state-of-the-art industrial warehouses.

Summary Information

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OWNERSHIP MIV JV: 51% Mirvac, 49% ART
NLA 34,049 SQM
CAR SPACES 196
ACQUISITION DATE Dec 19 & Dec 21
LAST EXTERNAL VALUATION DATE n.a.
VALUATION AT 30 JUNE 2024 $48.5m [1]
VALUER Directors Valuation
CAPITALISATION RATE 5.50%
DISCOUNT RATE 7.75%
Major Tenants NLA SQM Lease Expiry
CEVA Logistics 34,049 Jan-34
Lease Expiry Profile % Income
VACANCY 0.0%
FY25 0.0%
FY26 0.0%
FY27 0.0%
FY28 0.0%
FY29 0.0%
FY30+ 100.0%
WALE 9.6 YEARS
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Book value represents Mirvac's ownership.

FY24 Property Compendium

Investment Office Industrial Retail Build to Rent Land Lease Funds

Development Commercial & Mixed Use Residential Important Notice Contact Us

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Retail

Comprising 21% of Mirvac’s investment property portfolio, the retail portfolio is 98.0% occupied with 65% of the portfolio located in metropolitan Sydney.

Orion Springfield Central, Brisbane

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49
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Mirvac FY24 Property Compendium

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Retail

Grade Diversification[1]

Geographic Diversification[2]

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Regional 47%
Sub regional 27% NSW 65%
Outlet 19% QLD 30%
Neighbourhood 4% VIC 5%
CBD Retail 3%
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% OF RETAIL VALUATION
PORTFOLIO CENTRE AT 30 JUN CAP
PROPERTY LOCATION GLA [3] VALUE [4] MAT [5] 2024 [6] RATE [7]
1 BIRKENHEAD POINT BRAND OUTLET DRUMMOYNE, NSW 33,313 SQM 18.8% $334.3m $411.3m 5.75%
2 BROADWAY SYDNEY GLEBE, NSW 52,545 SQM 17.6% $615.3m $384.6m 5.00%
3 EAST VILLAGE ZETLAND, NSW 32,973 SQM 13.7% $200.4m $300.0m 5.75%
4 GREENWOOD PLAZA NORTH SYDNEY, NSW 8,986 SQM 2.8% $49.3m $60.0m 6.50%
5 RHODES WATERSIDE RHODES, NSW 35,234 SQM 8.1% $229.7m $176.5m 5.75%
6 SOUTH VILLAGE SHOPPING CENTRE KIRRAWEE, NSW 14,062 SQM 4.4% $176.6m $97.0m 5.75%
7 KAWANA SHOPPINGWORLD BUDDINA, QLD 45,452 SQM 8.2% $371.3m $178.0m 6.25%
8 ORION SPRINGFIELD CENTRAL SPRINGFIELD, QLD 72,483 SQM 21.7% $571.8m $472.5m 5.50%
9 MOONEE PONDS CENTRAL MOONEE PONDS, VIC 18,938 SQM 4.7% $183.8m $103.0m 6.25%
RETAIL INVESTMENT PROPERTIES TOTAL 313,986 SQM $2,182.9m
RETAIL TOTAL 313,986 SQM $2,182.9m 5.70%
WEIGHTED AVERAGE LEASE EXPIRY (BY INCOME) 3.3 YEARS
OCCUPANCY % (BY AREA) 98.0%
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By valuation, excluding IPUC/properties held for development. As per PCA classification.
By valuation, excluding IPUC/properties held for development.
GLA excludes 80 Bay Street, Ultimo (Sydney).
Excludes IPUC/properties held for development. Subject to rounding.
12 months to 30 June 2024, in accordance with SCCA guidelines.
Valuations represent Mirvac’s ownership. Total portfolio value excludes the gross up of lease liabilities under AASB 16. Subject to rounding.
Relates to retail component only, and excludes IPUC.

Mirvac FY24 Property Compendium

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Investment Property Retail

BIRKENHEAD POINT BRAND OUTLET

DRUMMOYNE, NSW

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Birkenhead Point Brand Outlet 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 small convenience-based retail offering anchored by Coles and ALDI. With over 10 mini majors and approximately 120 specialty tenancies, the centre features a range of quality brands including Armani Outlet, Bally, Coach, Michael Kors, Nike, Polo Ralph Lauren and Peter's of Kensington. The centre also incorporates approximately 3,600 square metres of bespoke office and a 5 star Gold Anchor Platinum marina with 200 berths and a fuel wharf.

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Summary Information
CLASSIFICATION OUTLET CENTRE
OWNERSHIP 100%
GLA 33,313 SQM
CAR SPACES 1,346
ACQUISITION DATE Dec-14
LAST EXTERNAL VALUATION DATE 31-Dec-22
VALUATION AT 30 JUNE 2024 $411.3m [1]
VALUER Directors Valuation
CAPITALISATION RATE 5.75% [2]
DISCOUNT RATE 7.00% [2]
CENTRE MAT $334.3m
SPECIALTY OCCUPANCY COSTS 11.7% [3]
SPECIALTY SALES $11,573/SQM [4]
Major Tenants GLA SQM Lease Expiry
Coles 2,692 Nov-26
Spotlight 1,796 Sep-26
ALDI 1,448 Nov-25
Peters of Kensington 1,132 Jan-23
Lease Expiry Profile % Income
VACANCY 1.4%
FY25 36.1%
FY26 11.1%
FY27 18.8%
FY28 18.2%
FY29 12.5%
FY30+ 1.9%
WALE 2.0 YEARS
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Includes Marina operating business (owned by Mirvac Limited) and nearby property 64 Roseby St, Drummoyne.
Relates to retail component only.
Includes contracted COVID-19 tenant support.
In line with SCCA guidelines.

Mirvac FY24 Property Compendium

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Investment Property Retail

BROADWAY SYDNEY

GLEBE, NSW

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Broadway Sydney is located on the fringe of the Sydney CBD and services the densely populated and growing catchment of Sydney's inner city and inner west. The centre is anchored by two discount department stores (Kmart and Target), two supermarkets (Coles and ALDI) and a cinema (Hoyts). The centre also features key retailers including Harris Farm Markets, Apple, JB Hi-Fi, Harvey Norman, Mecca, LEGO, with approximately 130 specialty stores. The centre ranked “Number 1” in the Shopping Centre News Big Guns annual turnover per square metre awards in NSW in 2024.

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Summary Information
CLASSIFICATION REGIONAL
OWNERSHIP 50% Mirvac, 50% Perron
GLA 52,545 SQM
CAR SPACES 1,650
ACQUISITION DATE Jan-07
LAST EXTERNAL VALUATION DATE 31-Dec-23
VALUATION AT 30 JUNE 2024 $384.6m [1]
VALUER Directors Valuation
CAPITALISATION RATE 5.00% [2]
DISCOUNT RATE 6.50% [2]
CENTRE MAT $615.3m
SPECIALTY OCCUPANCY COSTS 17.1% [3]
SPECIALTY SALES $15,105/SQM [4]
Major Tenants GLA SQM Lease Expiry
Kmart 7,394 Mar-33
Hoyts 4,857 Jul-28
Target 4,721 Apr-27
Coles 4,122 Jul-34
H&M 2,475 Aug-31
Lease Expiry Profile % Income
VACANCY 3.3%
FY25 32.2%
FY26 6.5%
FY27 15.3%
FY28 6.9%
FY29 17.3%
FY30+ 18.5%
WALE 3.0 YEARS
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Book value represents Mirvac's ownership. Also includes adjoining properties 52-60 Francis St, Glebe and 80 Bay Street, Ultimo.
Relates to retail component only.
Includes contracted COVID-19 tenant support.
In line with SCCA guidelines.

Mirvac FY24 Property Compendium

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Investment Property Retail

EAST VILLAGE

ZETLAND, NSW

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East Village is an award-winning mixed-use retail centre, located three kilometres south of the Sydney CBD and services the rapidly densifying urban area of Zetland. The centre is anchored by Coles, Virgin Active Health Club and approximately 50 specialty stores. The centre ranked “Number 1” in Australia eight years in a row (2016-2023), in Shopping Centre News Little Guns for annual turnover per square metre, and is set to benefit from strong forecast population growth in its catchment.

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Summary Information
CLASSIFICATION SUB REGIONAL
OWNERSHIP 100%
GLA 32,973 SQM
CAR SPACES 677
ACQUISITION DATE Jul 16 (49.9%) Aug 17 (50.1%)
LAST EXTERNAL VALUATION DATE 30-Jun-24
VALUATION AT 30 JUNE 2024 $300.0m
VALUER JLL
CAPITALISATION RATE 5.75%
DISCOUNT RATE 6.75%
CENTRE MAT $200.4m
SPECIALTY OCCUPANCY COSTS 15.4% [1]
SPECIALTY SALES $11,018/SQM [2]
Major Tenants GLA SQM Lease Expiry
Audi Australia Retail 13,172 Oct-34
Virgin Active 4,321 Nov-35
Coles 4,015 Oct-34
East Phoenix 1,280 Dec-27
Victoria Park Montessori Academy 1,173 Dec-26
Lease Expiry Profile % Income
VACANCY 0.0%
FY25 15.3%
FY26 12.2%
FY27 11.9%
FY28 16.5%
FY29 8.6%
FY30+ 35.5%
WALE 4.6 YEARS
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Includes contracted COVID-19 tenant support.
In line with SCCA guidelines.

Mirvac FY24 Property Compendium

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Investment Property Retail

GREENWOOD PLAZA

NORTH SYDNEY, NSW

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Greenwood Plaza is a three-level centre at the base of Mirvac's iconic 101-103 Miller Street office tower, providing a major pedestrian thoroughfare to the busy North Sydney train station and excellent exposure to Pacific Hwy and Miller Street. The asset services North Sydney CBD and has over 90 specialty retail and service outlets, including Romeo's IGA supermarket and the historic Greenwood Hotel.

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Summary Information
CLASSIFICATION CBD RETAIL
OWNERSHIP 50% Mirvac, 50% CapitaLand Integrated Commercial Trust
GLA 8,986 SQM
CAR SPACES 312
ACQUISITION DATE Jun-94
LAST EXTERNAL VALUATION DATE 30-Jun-24
VALUATION AT 30 JUNE 2024 $60.0m [1]
VALUER Savills
CAPITALISATION RATE 6.50%
DISCOUNT RATE 7.25%
CENTRE MAT $49.3m
SPECIALTY OCCUPANCY COSTS 25.3% [2]
SPECIALTY SALES $7,123/SQM [3]
Major Tenants GLA SQM Lease Expiry
IGA Romeo's 864 Feb-31
Greenwood Hotel 856 Apr-26
Lease Expiry Profile % Income
VACANCY 7.9%
FY25 57.1%
FY26 15.5%
FY27 4.0%
FY28 3.0%
FY29 6.2%
FY30+ 6.3%
WALE 1.3 YEARS
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Book value represents Mirvac's ownership and includes the 101-103 Miller St car park.
Includes contracted COVID-19 tenant support.
In line with SCCA guidelines.

Mirvac FY24 Property Compendium

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Investment Property Retail

RHODES WATERSIDE

RHODES, NSW

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Rhodes Waterside is co-located with IKEA in the significant Rhodes residential and office precinct. Major retailers include Coles, ALDI, Kmart, Bing Lee and Reading Cinemas in addition to approximately 120 specialty stores and office suites. The centre features a strong dining offering and has seen significant growth through catchment population expansion, remixing and customer-focussed initiatives.

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Summary Information
CLASSIFICATION REGIONAL
OWNERSHIP 50% Mirvac, 50% Perron
GLA 35,234 SQM
CAR SPACES 2,414
ACQUISITION DATE Jan-07
LAST EXTERNAL VALUATION DATE 30-Jun-24
VALUATION AT 30 JUNE 2024 $176.5m [1]
VALUER CBRE
CAPITALISATION RATE 5.75%
DISCOUNT RATE 6.75%
CENTRE MAT $229.7m
SPECIALTY OCCUPANCY COSTS 17.0% [2]
SPECIALTY SALES $10,060/SQM [3]
Major Tenants GLA SQM Lease Expiry
Reading Cinemas 4,122 Mar-30
Kmart 3,795 Nov-29
Coles 3,497 Jun-30
ALDI 1,597 Jul-33
Bing Lee 1,022 Feb-25
Lease Expiry Profile % Income
VACANCY 0.4%
FY25 29.4%
FY26 17.0%
FY27 9.5%
FY28 9.8%
FY29 10.1%
FY30+ 23.8%
WALE 2.9 YEARS
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Book value represents Mirvac's ownership.
Includes contracted COVID-19 tenant support.
In line with SCCA guidelines.

Mirvac FY24 Property Compendium

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Investment Property Retail

SOUTH VILLAGE SHOPPING CENTRE

KIRRAWEE, NSW

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South Village Shopping Centre is a neighbourhood centre which is part of a broader mixed-use precinct incorporating approximately 750 residential apartments and a significant public park. Located in Kirrawee, 25 kilometres south of Sydney, the centre is serviced by nearby public transport and the Princes Highway. The centre is anchored by Coles and ALDI, and over 30 specialty stores, with key uses including dining, fresh food and services.

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Summary Information
CLASSIFICATION NEIGHBOURHOOD
OWNERSHIP 100%
GLA 14,062 SQM
CAR SPACES 541
ACQUISITION DATE Oct 16 (50%) Jun 17 (50%)
LAST EXTERNAL VALUATION DATE 30-Jun-24
VALUATION AT 30 JUNE 2024 $97.0m
VALUER Cushman & Wakefield
CAPITALISATION RATE 5.75%
DISCOUNT RATE 6.75%
CENTRE MAT $176.6m
SPECIALTY OCCUPANCY COSTS 14.1% [1]
SPECIALTY SALES $9,241/SQM [2]
Major Tenants GLA SQM Lease Expiry
Coles 4,501 Nov-38
ALDI 1,518 Nov-28
Panetta Mercato 982 Dec-30
Lease Expiry Profile % Income
VACANCY 1.3%
FY25 2.0%
FY26 6.9%
FY27 12.6%
FY28 9.6%
FY29 21.9%
FY30+ 45.7%
WALE 7.1 YEARS
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Includes contracted COVID-19 tenant support.
In line with SCCA guidelines.

Mirvac FY24 Property Compendium

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Investment Property Retail

KAWANA SHOPPINGWORLD

BUDDINA, QLD

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Kawana Shoppingworld is a convenience and lifestyle centre located one hour north of Brisbane in the growing lifestyle region of the Sunshine Coast. The centre incorporates Woolworths, Coles, ALDI, Big W, Event Gold Class Cinemas, 6 minimajors and approximately 150 specialty stores.

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Summary Information
CLASSIFICATION SUB REGIONAL
OWNERSHIP 50% Mirvac, 50% ISPT
GLA 45,452 SQM
CAR SPACES 1,990
ACQUISITION DATE Dec 93 (50%) Jun 98 (50%) Dec 17 (-50%)
LAST EXTERNAL VALUATION DATE 31-Dec-23
VALUATION AT 30 JUNE 2024 $178.0m [1]
VALUER Directors Valuation
CAPITALISATION RATE 6.25%
DISCOUNT RATE 7.50%
CENTRE MAT $371.3m
SPECIALTY OCCUPANCY COSTS 13.8% [2]
SPECIALTY SALES $9,909/SQM [3]
Major Tenants GLA SQM Lease Expiry
Big W 8,383 Jun-31
Event Cinemas 5,865 Jul-34
Woolworths 3,710 Apr-34
Coles 3,351 Oct-27
ALDI 1,753 Jul-29
Lease Expiry Profile % Income
VACANCY 3.9%
FY25 29.9%
FY26 9.6%
FY27 12.7%
FY28 11.4%
FY29 6.4%
FY30+ 26.1%
WALE 3.4 YEARS
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Book value represents Mirvac's ownership.
Includes contracted COVID-19 tenant support.
In line with SCCA guidelines.

Mirvac FY24 Property Compendium

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Investment Property Retail

ORION SPRINGFIELD CENTRAL

SPRINGFIELD, QLD

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Orion Springfield Central was developed by Mirvac and is located in the rapidly growing city of Springfield. The centre is anchored by Woolworths, Coles, ALDI, Target, Big W, Timezone and Event Cinemas with over 150 specialty stores and 11 pad sites. Connected directly to Springfield Central Town Station and Orion Lagoon, this well connected centre also has significant land holdings for future expansion.

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Summary Information
CLASSIFICATION REGIONAL
OWNERSHIP 100%
GLA 72,483 SQM
CAR SPACES 3,166
ACQUISITION DATE Aug-02
LAST EXTERNAL VALUATION DATE 30-Jun-23
VALUATION AT 30 JUNE 2024 $472.5m [1]
VALUER Directors Valuation
CAPITALISATION RATE 5.50%
DISCOUNT RATE 7.00%
CENTRE MAT $571.8m
SPECIALTY OCCUPANCY COSTS 10.9% [2]
SPECIALTY SALES $12,242/SQM [3]
Major Tenants GLA SQM Lease Expiry
Big W 7,988 Jun-34
Target 6,021 Nov-30
Events Cinemas 5,801 Jun-31
Coles 5,618 Oct-30
Woolworths 4,471 Mar-32
Lease Expiry Profile % Income
VACANCY 2.0%
FY25 21.0%
FY26 15.2%
FY27 9.7%
FY28 12.4%
FY29 6.4%
FY30+ 33.3%
WALE 3.6 YEARS
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Includes sundry vacant land.
Includes contracted COVID-19 tenant support.
In line with SCCA guidelines.

Mirvac FY24 Property Compendium

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Investment Property Retail

MOONEE PONDS CENTRAL

MOONEE PONDS, VIC

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Moonee Ponds Central is located seven kilometres north of the Melbourne CBD and conveniently connected to the bustling Puckle Street retail strip. Moonee Ponds is experiencing strong population growth and densification including immediate neighbouring residents of nearly 1,500 apartments. At the heart of that is Moonee Ponds Central, comprising Kmart, Coles, ALDI, and over 60 specialty stores.

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Summary Information
CLASSIFICATION SUB REGIONAL
OWNERSHIP 100%
GLA 18,938 SQM
CAR SPACES 854
ACQUISITION DATE May 03 & Feb 08
LAST EXTERNAL VALUATION DATE 31-Dec-23
VALUATION AT 30 JUNE 2024 $103.0m
VALUER Directors Valuation
CAPITALISATION RATE 6.25%
DISCOUNT RATE 6.75%
CENTRE MAT $183.8m
SPECIALTY OCCUPANCY COSTS 12.6% [1]
SPECIALTY SALES $9,803/SQM [2]
Major Tenants GLA SQM Lease Expiry
Kmart 4,728 Mar-29
Coles 4,000 May-32
ALDI 1,221 Sep-24
Lease Expiry Profile % Income
VACANCY 0.0%
FY25 26.0%
FY26 7.7%
FY27 12.9%
FY28 9.1%
FY29 15.7%
FY30+ 28.6%
WALE 3.6 YEARS
----- End of picture text -----

Includes contracted COVID-19 tenant support.
In line with SCCA guidelines.

FY24 Property Compendium Investment Office Industrial Retail Build to Rent Land Lease

Funds Development Commercial & Mixed Use Residential Important Notice Contact Us

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Build to Rent

The Build to Rent portfolio, consisting of 2 operational assets and 3 pipeline projects, is held in a venture with 2 aligned long-term capital partners, with Mirvac retaining ~44% ownership.

LIV Anura, Brisbane (artist impression, final design may differ)

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60
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Mirvac FY24 Property Compendium

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Funds & Ventures

Build to Rent Venture

LIV INDIGO

SYDNEY OLYMPIC PARK, NSW

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LIV Indigo is located in Sydney Olympic Park, conveniently located in the middle ring of Sydney, approximately 16 kilometres from the Sydney CBD and eight kilometres to the Parramatta CBD. The property is located within walking distance of the future planned Metro station.

The property provides a mix of 315 quality one, two, three and four-bedroom apartments built and designed exclusively for renters. It boasts unparalleled amenity, including a resident amenities floor which incorporates co-working and meeting spaces, a multimedia room, a demonstration-style chefs' kitchen and bar with entertaining areas for dining, BBQ space, and open plan function space with connected outdoor terraces, training studio, gym and outdoor landscaped spaces for recreation, bicycle parking and shared transport facilities. The building also features several sustainable initiatives such as Electric Vehicle (EV) charging, double glazing, solar panels, recycled water and bike sharing.

Summary Information

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|||
|---|---|
|OWNERSHIP|44% Mirvac, 56% Unlisted Partners|
|TOTAL APARTMENTS|315|
|ACQUISITION DATE|Jun-19|

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Mirvac FY24 Property Compendium

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Funds & Ventures

Build to Rent Venture

LIV MUNRO

MELBOURNE, VIC

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LIV Munro is located within the broader Queen Victoria Market (QVM) precinct which is situated in the Melbourne CBD northwest corridor and is on the doorstep of West Melbourne, North Melbourne and Carlton. The QVM precinct occupies a pivotal location between the City North Urban Renewal Precinct to the north; the education and health precincts to the north and northeast; the central city and the broader ‘Hoddle Grid’ to the southeast.

LIV Munro, designed by Bates Smart comprises 490 Build to Rent apartments across Levels 5-39, 136 car spaces, a wellness centre (including a gym, pool, spa, steam room, sauna, ballet and yoga studios and outdoor deck), co-working facilities, multimedia rooms, a pet park and numerous entertaining dining areas. The building has achieved an 8.1 Star NatHERS and 5 Star Green Star rating for the “Design" component. The building is targeting minimum 5 Star Green Star as-built rating.

Summary Information

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|||
|---|---|
|OWNERSHIP|44% Mirvac, 56% Unlisted Partners|
|TOTAL APARTMENTS|490|
|ACQUISITION DATE|Apr-21|

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Mirvac FY24 Property Compendium

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Funds & Ventures - Under construction

Build to Rent Venture

LIV ALBERT FIELDS

BRUNSWICK, VIC

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LIV Albert Fields is located in the cultural and artistic suburb, Brunswick, approximately 6 kilometres north of the Melbourne CBD. The site benefits from its substantial natural amenity being surrounded by 20 hectares of parkland, whilst still having close proximity to Brunswick train station (650m) and established retail, food and beverage offerings on Sydney Road. LIV Albert Fields will be among the first of its kind: a neighbourhood designed and built entirely for renters, that puts people at the centre of the design process.

The property will comprise 498 build to rent apartments including approximately 15 affordable housing units, 800 square metres retail and 2,350 square metres of resident amenity comprising resident’s lounge, dining, kitchen, wellness centre, co-working, BTR lobby, communal laundry, workshop and vegetable garden. LIV Albert Fields will also have 254 car parking bays, 564 bike parks, 241 storage cages.

Intended to be truly 'green', it will mark a turning point in urban sustainability in Australia, providing residents with the infrastructure to live well now and into the future. LIV Albert Fields will be 100% fossil fuel free, and is targeting certified 5 Star Green Star Buildings and 7.5 NatHERS rating.

Summary Information

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|||
|---|---|
|OWNERSHIP|44% Mirvac, 56% Unlisted Partners|
|TOTAL EXPECTED APARTMENTS|498|
|MIRVAC ACQUISITION DATE|Various from September 2020|

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Note: Image is an artist impression only, final design may differ.

Mirvac FY24 Property Compendium

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Funds & Ventures - Under construction Build to Rent Venture

LIV ASTON

MELBOURNE, VIC

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LIV Aston is Mirvac’s second Build to Rent project in Melbourne and is located at 7 Siddeley Street Docklands, southwest of the Hoddle Street Grid. Bound by Flinders Street to the north, Spencer Street to the east, Crowne Plaza and Mirvac’s 7 Spencer Street commercial tower (under development) to the south and the World Trade Centre to the south west, this key central city site is a unique asset of significant scale which provides an opportunity for Mirvac to deliver an exemplar land use and development outcome at the entrance to Melbourne’s CBD.

The property will comprise 474 apartments, including approximately 20 affordable housing units, 2,690 square metres of flexible office space, 670 square metres retail GLAR and 2,600 square metres of curated resident amenity including a communal lounge and kitchen, outdoor dining and BBQ facilities, multipurpose and media rooms, workers club, pool, spa, infra-red sauna, yoga deck, rooftop lounge and private dining, library, pet park and washroom. LIV Aston will also have 77 car parking bays, 486 bike parks and 247 storage cages.

With sustainability front of mind, LIV Aston is targeting 5 star Green Star Design and As Built rating, 7.5 NatHERS rating for the BTR component and a 5 star NABERS rating for the commercial.

Summary Information

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|||
|---|---|
|OWNERSHIP|44% Mirvac, 56% Unlisted Partners|
|TOTAL EXPECTED APARTMENTS|474|
|MIRVAC ACQUISITION DATE|Aug-21|

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Note: Image is an artist impression only, final design may differ.

Mirvac FY24 Property Compendium

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Funds & Ventures - Under construction

Build to Rent Venture

LIV ANURA

NEWSTEAD, QLD

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LIV Anura is Mirvac’s first BTR asset in QLD and is being delivered in partnership with the QLD State government through their BTR Pilot Project process. LIV Anura is located 3 kilometres north of the Brisbane CBD in the inner-city suburb of Newstead, within the Mirvac Waterfront Masterplan development. It is well-known as an established residential location in Brisbane’s inner north with pockets of light commercial, retail, and open space providing a mix of amenity for Newstead residents. The Brisbane River borders the suburb directly to the east and the Gasworks Precinct to the west.

LIV Anura includes plans to deliver 396 high quality rental apartments including approximately 99 Affordable Housing units as part of the QLD BTR Pilot Project. The property will encompass over 3,000 square metres of indoor and outdoor amenity for residents including a dedicated amenity floor with a variety of offerings including gym, pool, spa, media room and co-working facilities. LIV Anura also includes approximately 1,300 square metres of boutique retail space on the ground floor. Sustainability is a key focus, with LIV Anura targeting 5 Star Green Star Design and As-built rating, 8.0 Weighted Average NatHERS rating and 4 Star NABERS Apartment Water and Energy rating.

Summary Information

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|---|---|
|OWNERSHIP|44% Mirvac, 56% Unlisted Partners|
|TOTAL EXPECTED APARTMENTS|396|
|MIRVAC ACQUISITION DATE|Mar-21|

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Note: Image is an artist impression only, final design may differ.

FY24 Property Compendium Investment Office Industrial Retail Build to Rent Land Lease Funds Development Commercial & Mixed Use Residential Important Notice Contact Us

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Land Lease

Mirvac acquired a 47.5% interest in one of Australia’s leading land lease operators, Serenitas, in partnership with Pacific Equity Partners Secure Assets and Tasman Capital Partners. Serenitas is a pure-play land lease operator, with an established and proven national platform, comprising 28 communities with over 6,400 sites.

Thyme Moreton Bay, Brisbane (Image credit - Florian Groehn)

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Mirvac FY24 Property Compendium

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Investment

Land Lease

(Serenitas)

Geographic Diversification[1] Occupied Sites

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WA 56%
QLD 35%
NSW 7%
VIC 2%
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Development Sites

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QLD 46%
WA 26%
VIC 16%
NSW 12%
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Serenitas Summary as at 30 June 2024

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|||
|---|---|
|Mirvac Co-investment|47.5%|
|Number of communities|28|
|Occupancy|100%|

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OCCUPIED SITES TO BE TOTAL
PROPERTY STATE CATEGORY SITES DEVELOPED SITES
1 Lake Joondalup Lifestyle Village WA Mature 316 - 316
2 Pineview Lifestyle Village WA Mature 231 - 231
3 Hillview Lifestyle Village WA Mature 268 - 268
4 Bridgewater Lifestyle Village WA Mature 371 3 374
5 Busselton Lifestyle Village WA Mature 227 2 229
6 Vibe Baldivis Lifestyle Village WA Mature 297 20 317
7 Tuart Lakes Lifestyle Resort WA Under Development 283 194 477
8 The Outlook Lifestyle Resort WA Under Development 111 120 231
9 The Vantage Lifestyle Resort - Vasse WA Under Development 150 58 208
10 Helena Valley Lifestyle Village WA Under Development 295 85 380
11 RV Homebase Fraser Coast QLD Mature 280 - 280
12 Thyme Lifestyle Resort Hervey Bay QLD Under Development 166 167 333
13 Thyme Lifestyle Resort Moreton Bay QLD Under Development 133 49 182
14 The Anchorage Lifestyle Resort QLD Under Development 78 17 95
15 Latitude 25 RV Lifestyle Community QLD Under Development 235 46 281
16 Monte Carlo Lifestyle Community QLD Mature 104 41 145
17 Golden Downs Lifestyle Community QLD Mature 231 - 231
18 Thyme Lifestyle Resort Mareeba QLD Under Development 139 36 175
19 Burleigh Town Lifestyle Community QLD Mature 200 - 200
20 Thyme Lifestyle Resort Canungra QLD Under Development - 167 167
21 Thyme Lifestyle Resort Rothwell QLD Under Development - 190 190
22 Spring Lakes Resort QLD Under Development 59 144 203
23 Great Lakes Riverside Living NSW Mature 95 16 111
24 Pacific Palms Village & Southern Cross Village Ballina NSW Mature 118 - 118
25 Thyme Lifestyle Resort Evans Head NSW Under Development 103 61 164
26 Thyme Lifestyle Resort Forster NSW Under Development - 161 161
27 Lucas Lifestyle Estate VIC Under Development 97 109 206
28 Thyme Lifestyle Resort Sunbury VIC Under Development - 186 186
TOTAL 4,587 1,872 6,459
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FY24 Property Compendium Investment Office Industrial Retail Build to Rent Land Lease Funds Development Commercial & Mixed Use Residential Important Notice Contact Us

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Funds

Mirvac is a top tier manager of prime real estate in Australia with the Funds management platform covering the office, industrial and living sectors.

Collins Place, Melbourne

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68
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Mirvac FY24 Property Compendium

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Funds

Third Party Capital Under Management Vehicle Diversification[1]

Geographic Diversification[1]

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Funds & Ventures 40% NSW 64%
VIC 29%
Joint Ventures 38%
QLD 4%
Mandates 21%
Other 3%
TOTAL 3RD
PARTY CAPITAL
UNDER MANAGEMENT
TYPE AS AT 30 JUN 2024 [2]
1 FUNDS & VENTURES $6.2bn
2 JOINT VENTURES $5.9bn
3 MANDATES $3.3bn
TOTAL ASSETS $15.4bn
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By third party capital under management value.
Third party capital under management represents the the total value of third party capital that we generate fees for providing management services (either Funds Management, Asset Management or Development Management services). This only includes third party capital and excludes Mirvac's investment in managed funds, assets or developments.

Mirvac FY24 Property Compendium

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Funds & Ventures

Mirvac Wholesale Office Fund

(MWOF)

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Geographic Diversification [1] Grade Diversification [1]
Sydney 60%
Melbourne 40%
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Premium 45%
A Grade 55%
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MWOF Summary as at 30 June 2024

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Fund gross assets $6.0bn
Mirvac co-investment 8%
Number of assets 11
WALE (by income) 5.3 years
Occupancy (by income) 89.8%
Gearing 23.4%
NABERS energy rating (average) 5.3 Star
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FUND
OWNERSHIP NLA NABERS
PROPERTY LOCATION GRADE (%) (SQM) RATING
1 ANGEL PLACE SYDNEY, NSW A GRADE 100% 48,000 SQM 5.5 Star
2 255 GEORGE STREET SYDNEY, NSW A GRADE 50% 39,000 SQM 5.5 Star
3 QUAY QUARTER TOWER SYDNEY, NSW PREMIUM 33% 92,000 SQM 5.0 Star
4 DARLING PARK (1&2) SYDNEY, NSW PREMIUM 25% 114,000 SQM 5.0/5.5 Star
5 SOUTH EVELEIGH SYDNEY, NSW A GRADE 33% 102,000 SQM 6.0 Star
6 33 ALFRED STREET SYDNEY, NSW PREMIUM 50% 32,000 SQM n/a
7 BROOKFIELD PLACE SYDNEY, NSW PREMIUM 25% 73,000 SQM 5.5 Star
8 QUAY QUARTER LANES SYDNEY, NSW A GRADE 51% 5,000 SQM n/a
9 COLLINS PLACE MELBOURNE, VIC A GRADE 100% 104,000 SQM n/a [2]
10 BOURKE PLACE MELBOURNE, VIC PREMIUM 100% 66,000 SQM 4.5 Star
11 700 BOURKE STREET MELBOURNE, VIC A GRADE 100% 64,000 SQM 5.5 Star
MWOF TOTAL 739,000 SQM 5.3 Star
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By gross asset value.
55 Collins St is not currently rated and has been excluded from the Fund Weighted Average rating calculations. As at 30 June 2024 the 35 Collins St Energy rating has expired. Following quarter end the asset was awarded a 4 Star Energy rating which will be reflected in the September 2024 portfolio rating.

Mirvac FY24 Property Compendium

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Funds & Ventures

Build to Rent Venture

Geographic Diversification[1]

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Sydney 15%
Melbourne 67%
Brisbane 18%
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FUND ACQUISITION
OWNERSHIP APARTMENTS DATE
PROPERTY LOCATION (%) (#) INTO VENTURE
1 LIV INDIGO SYDNEY OLYMPIC PARK, NSW 100% 315 Jun-23
2 LIV MUNRO MELBOURNE, VIC 100% 490 Jun-23
BTR COMPLETED PROPERTIES TOTAL 805
3 LIV ALBERT FIELDS BRUNSWICK, VIC 100% 498 Jun-23
4 LIV ASTON MELBOURNE, VIC 100% 474 Jun-23
5 LIV ANURA NEWSTEAD, QLD 100% 396 Jun-23
BTR PROPERTIES UNDER CONSTUCTION TOTAL 1,368
BUILD TO RENT TOTAL 2,173
LEASED % (BY APARTMENT NUMBER) [2] 95%
MIRVAC CO-INVESTMENT 44%
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By apartments, including committed pipeline.
Completed assets only, excludes IPUC and display apartments.

Mirvac FY24 Property Compendium

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Mandates

Mirvac Industrial Venture

(MIV)

Geographic Diversification

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Sydney 100%
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FUND ACQUISITION
OWNERSHIP NLA DATE
PROPERTY LOCATION (%) (SQM) INTO VENTURE
1 SWITCHYARD, 161 MANCHESTER ROAD AUBURN, NSW 100% 72,594 SQM Jun-23
MIV COMPLETED PROPERTIES TOTAL 72,594 SQM
2 ASPECT NORTH, 788-824 MAMRE ROAD KEMPS CREEK, NSW 100% ~79,700 SQM Dec-23
3 ASPECT SOUTH, 788-824 MAMRE ROAD KEMPS CREEK, NSW 100% ~132,800 SQM Jun-24
MIV PROPERTIES UNDER CONSTUCTION TOTAL ~212,500 SQM
MIV TOTAL ~285,094 SQM
MIRVAC OWNERSHIP 51%
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FY24 Property Compendium Investment Office Industrial Retail Build to Rent Land Lease Funds Development Commercial & Mixed Use Residential Important Notice Contact Us

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Development

Mirvac has over 50 years experience of development with a track record of quality award winning projects. Mirvac’s integrated model and in-house capability to design and develop commercial assets, mixed-use precincts, and residential communities across apartments and masterplanned communities is a unique competitive advantage.

Smiths Lane, Melbourne

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73
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FY24 Property Compendium Investment Office Industrial Retail Build to Rent Land Lease Funds Development Commercial & Mixed Use Residential

Important Notice Contact Us

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Commercial & Mixed Use

Mirvac has a diversified future Commercial & Mixed Use development pipeline of > $10bn, with projects across office, industrial, retail, build to rent and mixed use sectors.

55 Pitt Street, Sydney (artist impression, final design may differ)

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74
74
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Mirvac FY24 Property Compendium

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Development

Committed Pipeline - Sector Diversification[1]

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Build to Rent 25%
Industrial 13%
Office 57%
Mixed Use 5%
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COMMITTED AS
AT 30 JUN 2024 TOTAL PIPELINE
(APPROX (APPROX
ESTIMATED VALUE ESTIMATED VALUE % PIPELINE
SECTOR ON COMPLETION) [2] ON COMPLETION) [2] COMMITTED
BUILD TO RENT $1.1bn $1.1bn 100%
INDUSTRIAL $0.6bn $2.5bn 24%
OFFICE $2.6bn $3.3bn 79%
MIXED USE $0.2bn $3.2bn 7%
COMMERCIAL & MIXED USE TOTAL $4.5bn $10.1bn 45%
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Committed projects, by estimated 100% value on completion.
Represents 100% expected end value / revenue (including GST) including where Mirvac is only providing Development Management Services, subject to various factors outside Mirvac’s control such as planning outcomes, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Mirvac FY24 Property Compendium

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Investment Property Under Construction Office

55 PITT STREET SYDNEY, NSW

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With frontages to Pitt, Underwood and Dalley Streets, 55 Pitt Street is a development set to deliver approximately 63,000 square metres of premium commercial and activated retail space as part of a vibrant new destination that will contribute towards the revitalisation of the iconic Circular Quay precinct.

Following a successful public exhibition of the Planning Proposal and Voluntary Planning Agreement (VPA), City of Sydney provided consent for Mirvac to commence a design excellence competition in November 2020, resulting in the appointment of SHoP Architects and Woods Bagot to design the precinct in February 2021. Basement construction works are underway with suspended slabs to ground level nearing completion. In June 2024, Mirvac partnered with Mitsui Fudosan Australia, who completed an acquisition of a 67% stake in this premium grade office development.

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||||
|---|---|---|
|Summary Information|
|VALUATION AT 30 JUNE 2024|[1]|$149m|
|EXPECTED DEVELOPMENT VALUE ON COMPLETION|[2]|~$2.0bn|
|ACQUISITION DATE|May-13|
|TARGET COMPLETION|FY27|
|OWNERSHIP|33% Mirvac, 67% Mitsui Fudosan|

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Note: Image is an artist impression only, final design may differ.

Represents the IPUC book value, excludes any interest in the asset held in inventories.
Represents 100% expected end value, subject to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties.

Mirvac FY24 Property Compendium

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Investment Property Under Construction Office

7 SPENCER STREET MELBOURNE, VIC

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7 Spencer Street is located in the emerging Northbank Precinct, located to the north bank of the Yarra River, bound by Spencer and Flinders Street. A series of new redevelopments and refurbishments in the Northbank Precinct, are transforming a somewhat forgotten yet historical plot of waterside land, improving ground plane activation and pedestrian links, both within the local area and beyond.

7 Spencer Street development is a 21 level, 46,500 sqm PCA A Grade Building with Premium Grade Services and will feature over 10 individual terraces, making the most of the river views and abundance of natural light. Floor plates range from 3,000 sqm on Level 4 to 1,000 sqm on Level 20, supported by a central core to optimise natural light to all sides and to maximise city / river views.

Mirvac’s in-house design and construction teams have commenced works on this next generation workplace development, targeting completion in FY26.

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||||
|---|---|---|
|Summary Information|
|VALUATION AT 30 JUNE 2024|[1]|$107m|
|EXPECTED DEVELOPMENT VALUE ON COMPLETION|[2]|~$640m|
|ACQUISITION DATE|Aug-21|
|TARGET COMPLETION|FY26|
|OWNERSHIP|50% Mirvac, 50% Daibiru|

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Note: Image is an artist impression only, final design may differ.

Represents the IPUC book value, excludes any interest in the asset held in inventories.
Represents 100% expected end value, subject to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties.

Mirvac FY24 Property Compendium

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Investment Property Under Construction Industrial

ELIZABETH ENTERPRISE

BADGERYS CREEK, NSW

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Mirvac entered into an agreement in August 2018 to acquire Stage 1 of a future 244-hectare industrial estate at Badgerys Creek resulting in the acquisition of Stage 1 (56 hectares) in August 2021 and Stage 2 (76 hectares) in April 2021.

Located approximately 800 metres from the Western Sydney International (Nancy-Bird Walton) Airport and approximately eight kilometres from the M7 motorway, Elizabeth Enterprise is expected to benefit from its proximity to approximately $20 billion in infrastructure improvements in the Western Sydney area, including the Western Sydney International Airport, M12 motorway, Sydney Metro and the planned $800m upgrades to Elizabeth Drive.

Stage 1 and 2 were rezoned to permit industrial uses in September 2020 as part of Tranche 5 of the NSW Planning Acceleration Protocol.

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||||
|---|---|---|
|Summary Information|
|VALUATION AT 30 JUNE 2024|[1]|$143m|
|EXPECTED DEVELOPMENT VALUE ON COMPLETION|[2]|~$1.8bn|
|ACQUISITION DATE|Apr-21 & Aug-21|
|TARGET COMPLETION|FY28+|
|OWNERSHIP|100% Mirvac|

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Note: Image is an artist impression only, final design may differ.

Represents the IPUC book value, excludes any interest in the asset held in inventories.
Represents 100% expected end value, subject to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties.

Mirvac FY24 Property Compendium

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Investment Property Under Construction Industrial

ASPECT

KEMPS CREEK, NSW

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Aspect Industrial Estate is a 56 hectare site located with direct frontage to Mamre Road in the Mamre Road precinct, and is set to benefit from the planned $1 billion upgrades to Mamre Road.

Rezoning of the precinct was achieved in June 2020 with rezoning of the Mamre Road precinct included in the second Tranche of NSW Planning Acceleration Protocol. The initial State Significant Development Application (SSD) was approved in June 2022. Construction commenced on site in 1H23, with the first building completed in FY24.

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||||
|---|---|---|
|Summary Information|
|VALUATION AT 30 JUNE 2024|1|$202m|
|EXPECTED DEVELOPMENT VALUE ON COMPLETION|[2]|~$820m|
|ACQUISITION DATE|Dec-19 & Dec-21|
|TARGET COMPLETION|FY24+ (staged completions)|
|North & South: MIV JV: 51% Mirvac, 49% ART|
|OWNERSHIP|Central: 100% Mirvac|

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Represents the IPUC book value for remaining Aspect North, South & Central in development, excludes any interest in the asset held in inventories.

Represents 100% expected end value including completed building, subject to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties.

Mirvac FY24 Property Compendium

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Investment Property Under Construction Mixed Use

HARBOURSIDE

SYDNEY, NSW

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The Harbourside redevelopment is located within Sydney’s Darling Harbour precinct. The new Harbourside will reimagine the Darling Harbour waterfront for the 21st century, reconnect the people and places of Pyrmont, and create a network of new public spaces that seamlessly bring together residents, workers, tourists, and locals as part of a world class mixed-use precinct.

The redevelopment will deliver a total gross floor area (GFA) of 87,000 square metres, including 45,000 square metres of commercial / retail space, and 42,000 square metres of residential space, yielding 263 luxury apartments within a 42-storey residential tower.

Construction has commenced and it is due for staged completion from 2026/2027. This new destination will see a new era in placemaking and mixed-use, delivering exciting new retail, a campus-style commercial space and residential, all integrated with an abundance of accessible green public domains.

Harbourside is an example of the private sector working in partnership with the NSW Government to develop a project that can be beneficial for all people across NSW. This redevelopment demonstrates Mirvac’s capability to partner with Government and unlock large scale complex mixed-use projects.

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||||
|---|---|---|
|Summary Information|
|VALUATION AT 30 JUNE 2024|[1]|$188m|
|EXPECTED DEVELOPMENT VALUE ON COMPLETION|[2]|~$2.2bn|
|TOTAL RESIDENTIAL LOTS|[3]|263|
|NLA|~27,000 sqm office & ~7,000 sqm retail|
|ACQUISITION DATE|Jan-14|
|TARGET COMPLETION|FY27+|
|OWNERSHIP|100% Mirvac|

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Note: Image is an artist impression only, final design may differ.

Reflects IPUC value, including gross up of AASB 16 lease liabilities, subject to rounding. A portion of IPUC was transferred to inventories during the year.
Represents 100% expected end value, subject to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties.
Indicative only and subject to change. Settlement timing and lot numbers subject to change depending on various factors outside of Mirvac’s control such as planning outcomes, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties.

Mirvac FY24 Property Compendium

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Investment Property Under Construction Mixed Use

WATERLOO METRO QUARTER

SYDNEY, NSW

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Mirvac and John Holland will deliver the Waterloo Metro Quarter development in a joint venture. The site is located approximately 3.3 kilometres south of the Sydney CBD and has frontages to Cope Street, Botany Road, Raglan Street and Wellington Street. Construction of the new Sydney Metro Waterloo Station is complete. All development approvals have been obtained. The project will deliver residential, office and retail space, along with student accommodation, affordable and social housing. The precinct will also have community facilities which are intended to be operated as a childcare centre.

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Summary Information
VALUATION AT 30 JUNE 2024 [1] $0m
EXPECTED DEVELOPMENT VALUE ON COMPLETION [2] ~$960m
TOTAL LOTS [3] 655 (505 social and student accommodation, 150 BTS)
TOTAL RESIDENTIAL LOTS [3] 150
NLA [3] ~32,300 sqm office & ~4,500 sqm retail
ACQUISITION DATE Dec-19
TARGET COMPLETION FY25+
OWNERSHIP JV
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Note: Image is an artist impression only, final design may differ.

Investment carried as an Investment in Joint Venture, not held in IPUC.
Represents 100% expected end value, subject to various factors outside of Mirvac’s control such as planning, market demand and COVID-19 uncertainties.
Indicative only and subject to change. Settlement timing and lot numbers subject to change depending on various factors outside of Mirvac’s control such as planning outcomes, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Includes 24 affordable housing lots.

FY24 Property Compendium

Investment Office Industrial Retail Build to Rent Land Lease Funds Development Commercial & Mixed Use Residential Important Notice Contact Us

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Residential

Mirvac is one of the leading residential brands in the Australian development and construction industry and has a proven track record of delivering innovative and quality products that exceed customers’ expectations and lead the market.

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Highforest, Sydney (artist impression, final design may differ)
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82
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Mirvac FY24 Property Compendium

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Residential

Overview

Expected Revenue

$19.3 billion[1]

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NSW 40%
VIC 31%
QLD 24%
WA 5%
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Pipeline Lots
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28,219 lots[2]

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Insert Pie Chart
NSW 23%
QLD 38%
VIC 35%
WA 4%
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Residential Expected Revenue

Mirvac Share Expected Revenue

$16.6 billion[3]

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NSW 42%
VIC 28%
QLD 25%
WA 5%
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Masterplanned Communities

$9.7 billion[3]

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NSW 38%
VIC 32%
QLD 28%
WA 2%
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Apartments

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$6.9 billion [3]
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NSW 47%
QLD 22%
VIC 21%
WA 10%
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Represents 100% expected future revenue subject to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Includes GST. Subject to rounding.
Subject to change, depending on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties.
Represents Mirvac's share of expected future revenue subject to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Includes GST. Subject to rounding.

Mirvac FY24 Property Compendium

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Residential

NEW SOUTH WALES

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Mirvac Share Expected Revenue [1] Pipeline Lots [2]
$6.9 billion 6,616 lots
pie chart
Masterplanned Masterplanned
Communities 53% Communities 76%
Apartments 47% Apartments 24%
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In Progress

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ACQUISITION/ PROJECT
AGREEMENT VALUE TOTAL SETTLEMENT DATE [3] CURRENT PRICE RANGE [6] CONSTRUCTION
PROPERTY DATE LOCATION (INCL. GST) [2] LOTS [2] RELEASED EXCHANGED SETTLED FROM TO FROM TO PROGRESS [4] PRODUCT TYPE OWNERSHIP STRUCTURE
The Avenue, Alex Avenue Various (from 2012) Schofields $278.6m 492 492 492 492 FY14 FY24 $295,000 $819,900 100% MPC - Land & housing 100% Mirvac
Cobbitty by Mirvac, COBBITTY ROAD Dec 21 Cobbitty $629.3m 881 150 124 116 FY24 FY27 $464,000 $830,000 [6] 19% MPC - Land & housing 100% Mirvac
Completed Stages $68.7m 116 116 116 116 FY24 FY24 $464,000 $830,000 100%
Released Stages $21.4m 34 34 8 0 FY25 FY25 $550,000 $766,000 0%
Future Stages $539.2m 731 0 0 0 FY25 FY27 TBC TBC 0%
Georges Cove, NEWBRIDGE ROAD Dec 14 Moorebank $189.2m 179 173 173 135 FY23 FY25 $783,000 $1,700,000 [6] 83% MPC - Medium density housing PDA with Benedict Industries
Googong, Googong Dam Road Dec 11 Googong $2,114.4m 5,072 3,239 3,112 3,078 FY14 FY33 $180,000 $736,000 MPC - Land & housing JV with PEET Limited
Completed Stages $479.5m 1,942 1,942 1,942 1,942 FY14 FY22 $180,000 $470,000 100%
Released Stages $771.1m 1,605 1,297 1,170 1,136 FY19 FY32 $260,000 $736,000 67%
Future Stages $863.8m 1,525 0 0 0 FY26 FY33 TBC TBC 5%
Green Square, Botany Road Mar 12 Zetland $2,300.0m 1,612 [5] 795 789 783 FY17 FY31 $498,000 $4,850,000 Apartments with mixed use PDA with Landcom / 100% Mirvac
Completed Stages [8] $508.6m 477 477 476 476 FY17 FY20 $498,000 $2,080,000 100%
Portman on the Park $170.8m 116 116 115 114 FY24 FY25 $770,000 $2,558,000 100%
Portman House $59.1m 44 44 44 44 FY24 FY24 $746,000 $3,288,000 100%
The Frederick $213.3m 151 151 150 149 FY24 FY25 $725,000 $4,595,000 100%
Portman Street Terraces $32.1m 7 7 4 0 FY25 FY25 $4,320,000 $4,850,000 100%
Future Stages $1,316.1m 817 0 0 0 FY29 FY31 TBC TBC 0%
Highforest, Coonara Avenue May 20 West Pennant Hills $828.9m 414 89 65 0 FY26 FY28 $725,000 $3,330,000 6% Apartments & housing 100% Mirvac
Apartments $395.6m 249 63 40 0 FY27 FY27 $725,000 $3,330,000 6%
MPC $433.3m 165 26 25 0 FY26 FY28 $1,930,000 $2,895,000 6%
WSU Milperra, Horsley Road Aug 19 Milperra $476.8m 383 0 0 0 FY26 FY30 TBC TBC 0% MPC - Medium density housing PDA with Western Sydney University
Mulgoa, Chain-O-Ponds Road Nov 23 Mulgoa $1,231.1m 1,199 0 0 0 FY27 FY32 TBC TBC 0% MPC - Land & housing 100% Mirvac
NINE by Mirvac, ARTARMON ROAD Feb 20 Willoughby $790.2m 417 [7] 381 221 211 FY24 FY25 $699,000 [6] $4,975,000 [6] 96% Apartments with mixed use 100% Mirvac
Riverlands Milperra, PRESCOT PARADE Oct 19 Milperra $414.1m 312 23 18 0 FY25 FY28 $1,125,000 $1,625,000 15% MPC - Medium density housing 100% Mirvac
The Langlee, BIRRELL STREET Dec 20 Waverley $171.9m 55 55 46 42 FY24 FY25 $1,850,000 $5,295,000 100% Apartments with mixed use PDA with Eastern Suburbs Leagues Club Ltd
The Village, STATION STREET Jan 17 Menangle $206.2m 378 221 190 181 FY22 FY27 $444,900 $793,000 [6] 63% MPC - Land & housing PDA with SouWest Developments Pty Ltd
Proposed
ACQUISITION/ PROJECT
AGREEMENT VALUE SETTLEMENT DATE [3]
PROPERTY DATE LOCATION (INCL. GST) TOTAL LOTS [2] FROM TO PRODUCT TYPE OWNERSHIP STRUCTURE
505 George Street May 20 Sydney TBC 260 TBC TBC Apartments with mixed use PDA with Coombes Property Group
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Represents Mirvac's share of expected future revenue subject to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Includes GST. Subject to rounding.
Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties.
Settlement dates may vary as circumstances change, due to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Settlements relate to residential lots only.
Construction progress as a percentage of cost, which includes land subdivision but not land acquisition.
Includes retail lots.
Price range relates to released lots and is not indicative of future releases. Includes GST.
Excludes affordable housing lots.
Includes 1 retail lot.

Mirvac FY24 Property Compendium

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Residential Development New South Wales

THE AVENUE, ALEX AVENUE

SCHOFIELDS, NSW

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A land and housing project, The Avenue at Schofields is in the north-west growth corridor of Sydney approximately 45 kilometres from the Sydney CBD. Within the masterplanned community, Mirvac delivered a 1.2 hectare public park, featuring a children’s playground, open playing fields and bushland areas. This masterplanned community is now complete, with the final lots delivered in 2H24.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Various (from 2012)
LOCATION Schofields
PROJECT VALUE (INCL. GST) [1] $278.6m
TOTAL LOTS [1] 492
RESIDENTIAL LOTS SETTLEMENT PERIOD FY14-FY24
OWNERSHIP STRUCTURE 100% Mirvac
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Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Mirvac FY24 Property Compendium

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Residential Development

New South Wales

COBBITTY BY MIRVAC, COBBITTY ROAD

COBBITTY, NSW

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Cobbitty is a 80-hectare parcel of zoned land in the south-west of Sydney in the Camden Local Government Area. The site, which adjoins the existing suburbs of Oran Park and Harrington Grove, has the potential to deliver approximately 880 lots, as well as a playing field, a future town centre and high-quality community facilities.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Dec-21
LOCATION Cobbitty
PROJECT VALUE (INCL. GST) [1] $629.3m
TOTAL LOTS [1] 881
RESIDENTIAL LOTS SETTLEMENT PERIOD FY24-FY27
OWNERSHIP STRUCTURE 100% Mirvac
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Note: Image is an artist impression, final design may differ from above image.

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Mirvac FY24 Property Compendium

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Residential Development

New South Wales

GEORGES COVE, NEWBRIDGE ROAD

MOOREBANK, NSW

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Georges Cove is located in Moorebank, approximately 27 kilometres south-west of Sydney CBD, and on the banks of the Georges River. The 179 lot estate includes a mix of Mirvac designed and built detached, semi-detached and terrace homes as well as a community facility comprising landscaped green space, a swimming pool, and covered BBQ area.

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||||
|---|---|---|
|Summary Information - In Progress|
|ACQUISITION/AGREEMENT DATE|Dec-14|
|LOCATION|Moorebank|
|PROJECT VALUE (INCL. GST)|[1]|$189.2m|
|TOTAL LOTS|[1]|179|
|RESIDENTIAL LOTS SETTLEMENT PERIOD|FY23-FY25|
|OWNERSHIP STRUCTURE|PDA with Benedict Industries|

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Note: Image is an artist impression, final design may differ from above image.

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Mirvac FY24 Property Compendium

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Residential Development New South Wales

GOOGONG, GOOGONG DAM ROAD

GOOGONG, NSW

==> picture [427 x 226] intentionally omitted <==

Googong is a township located on former grazing land on the NSW/ACT border, just 16 kilometres south-east of Parliament House and eight kilometres south of Queanbeyan. The project is being developed over 20 to 23 years on a 780-hectare site and will eventually be home to approximately 18,000 people. As a self-contained township, Googong will ultimately provide housing, community and recreational facilities, shops, schools and employment opportunities. Over 20 percent of the site will be dedicated to Council as open space for parklands and playing fields. Googong holds a Green Star accreditation as a 5-star community, equating to Australian Excellence approved by Green Building Council. The project has won numerous awards including UDIA NSW Award for Excellence – Masterplanned Communities and NSW Regional Development, PCA ACT Development of the Year award and UDIA NSW Marketing Award.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Dec-11
LOCATION Googong
PROJECT VALUE (INCL. GST) [1] $2,114.4m
TOTAL LOTS [1] 5,072
RESIDENTIAL LOTS SETTLEMENT PERIOD FY14-FY33
OWNERSHIP STRUCTURE JV with PEET Limited
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Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Mirvac FY24 Property Compendium

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Residential Development

New South Wales

GREEN SQUARE, BOTANY ROAD

ZETLAND, NSW

==> picture [332 x 232] intentionally omitted <==

Green Square is a mixed use development located just over four kilometres south of Sydney’s CBD, approximately four kilometres from Sydney airport, and is conveniently located near the Green Square train station. The Green Square precinct is one of the largest urban renewal projects in Australia and when complete, this development will aim to deliver over 1,400 apartments, along with office and retail space and a substantial public domain within the Green Square Town Centre. In 2020, Mirvac acquired Landcom’s ownership of the future stages of Green Square Town Centre, including future apartments, commercial and retail space.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Mar-12
LOCATION Zetland
PROJECT VALUE (INCL. GST) [1] $2,300.0m
TOTAL LOTS [1] 1,612 [2]
RESIDENTIAL LOTS SETTLEMENT PERIOD FY17-FY31
OWNERSHIP STRUCTURE PDA with Landcom / 100% Mirvac
----- End of picture text -----

Note: Image is an artist impression, final design may differ from above image.

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties
Includes retail lots.

Mirvac FY24 Property Compendium

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Residential Development

New South Wales

HIGHFOREST, COONARA AVENUE

WEST PENNANT HILLS, NSW

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Highforest, West Pennant Hills is an approximately 25.87 hectare site located within 800 metres of the Cherrybrook Metro Station, three kilometres from the Northconnex interchange and 21 kilometres from the CBD. Highforest will consist of a new family friendly residential community comprising 165 houses, 259 apartments, community facilities and significant public open space. As part of the rezoning, approximately 10 hectares of remnant forest is proposed to be dedicated to the State Government as public open space, being an extension of the adjoining Cumberland State Forest.

Summary Information - In Progress

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

ACQUISITION/AGREEMENT DATE May-20
LOCATION West Pennant Hills
PROJECT VALUE (INCL. GST) [1] $828.9m
TOTAL LOTS [1] 414
RESIDENTIAL LOTS SETTLEMENT PERIOD FY26-FY28
OWNERSHIP STRUCTURE 100% Mirvac
----- End of picture text -----

Note: Image is an artist impression, final design may differ from above image.

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Mirvac FY24 Property Compendium

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Residential Development

New South Wales

WSU MILPERRA, HORSLEY ROAD

MILPERRA, NSW

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The Western Sydney University (WSU) Milperra site is located within the Canterbury-Bankstown Local Government Area and is situated approximately 30 kilometres south-west of the Sydney CBD. The 19.6 hectare site is bound by the M5 to the south, Ashford Avenue and low-density residential to the west, Bullecourt Avenue and industrial uses to the north and east. WSU has transitioned its operations to the high-rise Bankstown CBD campus and entered into a Project Delivery Agreement (PDA) with Mirvac in 2019. The proposed redevelopment of the campus land permits dwellings made up of two storey-built form, with some three storey homes permitted in selected locations to provide visual screening from adjoining industrial land uses. Proposed housing will consist of a mix of dwelling types and sizes, with the current masterplan consisting of attached (terrace), semi-detached and detached dwellings. Supporting infrastructure for the proposed community includes three local parks, small scale commercial hub, drainage land and a 2 hectare conservation area ensuring protection of remnant vegetation.

Summary Information - In Progress

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

ACQUISITION/AGREEMENT DATE Aug-19
LOCATION Milperra
PROJECT VALUE (INCL. GST) [1] $476.8m
TOTAL LOTS [1] 383
RESIDENTIAL LOTS SETTLEMENT PERIOD FY26-FY30
OWNERSHIP STRUCTURE PDA with Western Sydney University
----- End of picture text -----

Note: Image is an artist impression, final design may differ from above image.

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Mirvac FY24 Property Compendium

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Residential Development

New South Wales

MULGOA, CHAIN-O-PONDS ROAD MULGOA, NSW

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Mulgoa is a masterplanned community, located south of the existing residential suburb of Glenmore Park within the Greater Penrith Area. This masterplanned community will provide a diverse mix of land lots starting from 300m2 and proposes a range of quality homes designed and constructed by Mirvac. Future residents will be able to enjoy extensive open space areas, including proposed district and local parks with sporting facilities, playgrounds, a community facility and café and walking trails traversing scenic environmental corridors.

Summary Information - In Progress

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

ACQUISITION/AGREEMENT DATE Nov-23
LOCATION Mulgoa
PROJECT VALUE (INCL. GST)1 $1,231.1m
TOTAL LOTS [1] 1,199
RESIDENTIAL LOTS SETTLEMENT PERIOD FY27-FY32
OWNERSHIP STRUCTURE 100% Mirvac
----- End of picture text -----

Note: Locational image only. Image is an artist impression, final design may differ from above image.

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Mirvac FY24 Property Compendium

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Residential Development

New South Wales

NINE BY MIRVAC, ARTARMON ROAD

WILLOUGHBY, NSW

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==> picture [462 x 119] intentionally omitted <==

Located approximately six kilometres north of the Sydney CBD at the former Channel Nine Studios and headquarters, the circa 3-hectare site will accommodate 417 luxury residential apartments and small-scale non-residential uses across a collection of ten boutique buildings. The buildings will integrate with the surrounding landscape and local character of Willoughby. The development provides significant open space showcasing the unique natural qualities of Sydney’s Lower North Shore landscape for relaxation, socialisation and coming together as a community. The development also included the removal of the 233 metre high transmission tower which was previously located on the site and has now been dismantled, significantly improving the skyline in the local area and the vista from the apartments.

Summary Information - In Progress

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

ACQUISITION/AGREEMENT DATE Feb-20
LOCATION Willoughby
PROJECT VALUE (INCL. GST) [1 ] $790.2m
TOTAL LOTS [1 ] 417
RESIDENTIAL LOTS SETTLEMENT PERIOD FY24-FY25
OWNERSHIP STRUCTURE 100% Mirvac
----- End of picture text -----

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties Excludes affordable housing lots to be delivered.

Mirvac FY24 Property Compendium

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Residential Development

New South Wales

RIVERLANDS MILPERRA, PRESCOT PARADE

MILPERRA, NSW

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Riverlands, Milperra is a residential masterplanned community infill site located approximately 30 kilometres south-west of the Sydney CBD with direct access to the Georges River foreshore. The site will include over 300 attached and detached dwellings to be constructed by Mirvac, along with a community facility, a 2.5 kilometre riverfront public walkway, recreational opportunities, and approximately 12 hectares of revegetation works.

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

||||
|---|---|---|
|Summary Information - In Progress|
|ACQUISITION/AGREEMENT DATE|Oct-19|
|LOCATION|Milperra|
|PROJECT VALUE (INCL. GST)|[1]|$414.1m|
|TOTAL LOTS|[1]|312|
|RESIDENTIAL LOTS SETTLEMENT PERIOD|FY25-FY28|
|OWNERSHIP STRUCTURE|100% Mirvac|

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

Note: Image is an artist impression, final design may differ from above image.

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Mirvac FY24 Property Compendium

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Residential Development New South Wales

THE LANGLEE, BIRRELL STREET WAVERLEY, NSW

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Located in Waverley, the site is approximately one hectare in area and in the premium coastal eastern suburbs of Sydney, approximately six kilometres from the CBD. The project is being delivered on behalf of the landowner, Eastern Suburbs Leagues Club (ESLC). With a strong focus on amenity and private open space for its residents, the site is also nestled amongst an array of local infrastructure and amenity including Waverley Oval, Waverley College, Tamarama Beach and Westfield Bondi Junction. With construction works now completed, the project has delivered a boutique selection of 55 luxury apartments for those aged over 55, integrated with a new Waverley Bowling Club and bowling greens retained by the ESLC.

Summary Information - In Progress

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

ACQUISITION/AGREEMENT DATE Dec-20
LOCATION Waverley
PROJECT VALUE (INCL. GST) [1] $171.9m
TOTAL LOTS 55
RESIDENTIAL LOTS SETTLEMENT PERIOD FY24-FY25
OWNERSHIP STRUCTURE PDA with Eastern Suburbs Leagues Club Ltd
----- End of picture text -----

Indicative only and subject to change. Project value will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Mirvac FY24 Property Compendium

==> picture [60 x 32] intentionally omitted <==

Residential Development New South Wales

THE VILLAGE, STATION STREET

MENANGLE, NSW

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The Village, Menangle is a residential masterplanned community located in Sydney’s south-west within the Wollondilly Shire LGA. The 40-hectare site is adjacent to the historical Menangle train station and Menangle village. The site will include approximately 380 residential lots, of which 214 lots have been delivered to date. Mirvac has also delivered a 1.35 hectare public park featuring a flying fox, an area for nature play, open lawn, barbecues, picnic shelters and an allabilities playground for children. A second park is proposed in a future stage within the masterplanned community.

Summary Information - In Progress

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

ACQUISITION/AGREEMENT DATE Jan-17
LOCATION Menangle
PROJECT VALUE (INCL. GST) [1] $206.2m
TOTAL LOTS [1] 378
RESIDENTIAL LOTS SETTLEMENT PERIOD FY22-FY27
OWNERSHIP STRUCTURE PDA with SouWest Developments Pty Ltd
----- End of picture text -----

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Mirvac FY24 Property Compendium

==> picture [60 x 32] intentionally omitted <==

Residential

QUEENSLAND

Mirvac Share Expected Revenue[1] $4.2 billion

==> picture [102 x 103] intentionally omitted <==

Masterplanned Communities 65% Apartments 35%

Pipeline Lots[2] 10,730 lots

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

Masterplanned
Communities 89%
Apartments 11%
----- End of picture text -----

In Progress

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Represents Mirvac's share of expected future revenue subject to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Includes GST. Subject to rounding.
Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties.
Settlement dates may vary as circumstances change, due to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Settlements relate to residential lots only.
Construction progress as a percentage of cost, which includes land subdivision but not land acquisition.
Agreement date relates to Waterfront Newstead precinct.
Price range relates to released lots and is not indicative of future releases. Includes GST.

Mirvac FY24 Property Compendium

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Residential Development Queensland

ASCOT GREEN, LANCASTER ROAD

ASCOT, QLD

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Ascot Green is a joint residential development project with Brisbane Racing Club located in the blue-chip suburb of Ascot in Brisbane. On completion, the project is intended to deliver over 900 apartments situated along the iconic Eagle Farm Racecourse. The project’s first building, Ascot House, was completed in June 2018 and Tulloch House, the second building, was completed in October 2021. Charlton House, the third building in the masterplan, was launched to the market in March 2022, and is currently under construction. Charlton House comprises 112 apartments over 13 levels, a resort style pool and a rooftop terrace featuring an indoor dining room with panoramic views over the Eagle Farm racecourse and across to the Brisbane CBD.

Summary Information - In Progress

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

ACQUISITION/AGREEMENT DATE Sep-15
LOCATION Ascot
PROJECT VALUE (INCL. GST) [1] $967.0m
TOTAL LOTS [1] 946
RESIDENTIAL LOTS SETTLEMENT PERIOD FY18-FY36
OWNERSHIP STRUCTURE PDA with Brisbane Racing Club
----- End of picture text -----

Note: Image is an artist impression, final design may differ from above image.

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Mirvac FY24 Property Compendium

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Residential Development Queensland

EVERLEIGH, TEVIOT ROAD

GREENBANK, QLD

==> picture [425 x 232] intentionally omitted <==

Everleigh is a multi-award winning, 481-hectare masterplanned community located 30 kilometres south of the Brisbane CBD. It is anticipated to yield over 3,300 residential land lots on completion, in addition to over 25 hectares of Sub-Regional Sports and Recreation parkland, a neighbourhood retail centre and schools, including the new Everleigh State Primary School, which opened to students in February 2022. More recently, in November 2023, Mirvac opened the state-of-the-art Everleigh AFL Oval and welcomed the Greenbank Giants as its home team along with over 2,500 people to the Festival of Footy Grand Opening. Everleigh won the Master Planning Award at the 2022 Logan Urban Design Awards and has enjoyed a suite of awards and industry recognition in prior years.

Summary Information - In Progress

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

ACQUISITION/AGREEMENT DATE Feb-16
LOCATION Greenbank
PROJECT VALUE (INCL. GST) [1] $990.4m
TOTAL LOTS [1] 3,277
RESIDENTIAL LOTS SETTLEMENT PERIOD FY19-FY33
OWNERSHIP STRUCTURE 100% Mirvac
----- End of picture text -----

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

Mirvac FY24 Property Compendium

==> picture [60 x 32] intentionally omitted <==

Residential Development Queensland

WATERFRONT, SKYRING TERRACE

NEWSTEAD, QLD

==> picture [391 x 155] intentionally omitted <==

==> picture [391 x 78] intentionally omitted <==

Mirvac’s ‘Waterfront’ precinct is located in Newstead alongside the Brisbane River, and only two kilometres from the Brisbane CBD. The three proposed landmark architectural buildings in the precinct are designed for owner-occupiers and will offer premium residential amenity including resort style rooftops featuring resident dining rooms, wellness centres with gyms, spas and saunas, and infinity pools with panoramic views over the Brisbane River. The first two stages, Quay and Isle, are currently under construction, with completion expected late 2024 and mid2026.

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

||||
|---|---|---|
|Summary Information - In Progress|
|ACQUISITION/AGREEMENT DATE|Apr-08|[1]|
|LOCATION|Newstead|
|PROJECT VALUE (INCL. GST)|[2]|$781.0m|
|TOTAL LOTS|[2]|385|
|RESIDENTIAL LOTS SETTLEMENT PERIOD|FY25-FY30|
|OWNERSHIP STRUCTURE|100% Mirvac|

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

Note: Image is an artist impression, final design may differ from above image.

Agreement date relates to Waterfront Newstead precinct.
Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

100

Mirvac FY24 Property Compendium

==> picture [60 x 32] intentionally omitted <==

Residential

VICTORIA

Mirvac Share Expected Revenue[1] $4.6 billion

==> picture [151 x 101] intentionally omitted <==

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

Masterplanned
Communities 68%
Apartments 32%
----- End of picture text -----

Pipeline Lots[2] 9,831 lots

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

Masterplanned
Communities 89%
Apartments 11%
----- End of picture text -----

In Progress

==> picture [1069 x 410] intentionally omitted <==

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

ACQUISITION/ PROJECT
AGREEMENT VALUE TOTAL SETTLEMENT DATE [3] CURRENT PRICE RANGE [6] CONSTRUCTION
PROPERTY DATE LOCATION (INCL. GST) LOTS [2] RELEASED EXCHANGED SETTLED FROM TO FROM TO PROGRESS [4] PRODUCT TYPE OWNERSHIP STRUCTURE
The Albertine, 31 Queens Road May 22 Melbourne $204.4m 98 89 26 0 FY26 FY26 $670,000 $4,630,000 10% Apartments 100% Mirvac
The Fabric, Blackshaws Road Jul 20 Altona North $489.9m 580 160 151 120 FY22 FY29 $660,000 $1,462,000 MPC - Mix of housing & apartments 100% Mirvac
Completed Stages $84.9m 90 90 90 90 FY22 FY24 $660,000 $1,400,000 100%
Released Stages $77.0m 77 70 61 30 FY24 FY25 $729,000 $1,462,000 60%
Future Stages (MPC) $95.1m 73 0 0 0 FY26 FY27 $850,000 $1,347,000 0%
Future Stages (apartments) $232.9m 340 0 0 0 FY27 FY29 TBC TBC 0%
Olivine, Donnybrook Road Jun 12 Donnybrook $1,731.1m 4,623 1,327 1,280 1,218 FY18 FY38 $127,000 $648,000 MPC - Land & medium density housing Combination of balance sheet and DMA with Boral
Completed Stages $317.9m 1,061 1,061 1,061 1,061 FY18 FY24 $127,000 $648,000 100%
Released Stages $132.1m 380 266 219 157 FY23 FY26 $151,000 $636,000 83%
Future Stages $1,281.1m 3,182 0 0 0 FY25 FY38 TBC TBC 5%
Prince and Parade, 699 Park Street Jun 21 Brunswick $286.2m 160 136 35 0 FY27 FY27 $645,000 $6,750,000 7% Apartments 100% Mirvac
Smiths Lane, Smiths Lane Nov 11 Clyde North $1,379.6m 3,179 1,523 1,444 1,376 FY19 FY29 $173,000 $796,000 MPC - Land & medium density housing Combination of 100% Mirvac and 50/50 Joint Operation with Supalai
Completed Stages $101.7m 364 364 364 364 FY19 FY22 $173,000 $578,000 100%
Released Stages $520.0m 1,231 1,159 1,080 1,012 FY21 FY26 $213,000 $796,000 77%
Future Stages $757.9m 1,584 0 0 0 FY24 FY29 TBC TBC 0%
Tullamore, Doncaster Road Jul 15 Doncaster $890.4m 913 912 906 906 FY16 FY25 $380,000 $2,750,000 MPC - Land, medium density housing & apartments 100% Mirvac
Completed Stages $564.9m 537 537 537 537 FY16 FY24 $540,000 $2,595,000 100%
Released Stages $69.2m 48 47 41 41 FY17 FY25 [5] $1,040,000 $2,545,000 99%
Apartments Building A (Phoenix) $92.9m 134 134 134 134 FY19 FY21 $380,000 $1,519,000 100%
Apartments Building B (Folia) $79.7m 102 102 102 102 FY21 FY22 $395,000 $1,835,000 100%
Apartments Building C (Forme) $83.7m 92 92 92 92 FY23 FY24 $415,000 $2,750,000 100%
Wantirna South, George Street Jun 19 Wantirna South $1,357.4m 1,717 0 0 0 FY27 FY36 TBC TBC 0% MPC - Land, housing & medium density housing PDA with Boral
Woodlea, Leakes Road Nov 06 Aintree / Bonnie Brook $2,036.0m 6,466 5,253 5,149 4,759 FY16 FY32 $135,500 $1,088,888 MPC - Land & medium density housing 50% Mirvac 50% Jayaland Corporation
Completed Stages $1,149.4m 4,150 4,150 4,150 4,150 FY16 FY24 $135,500 $1,088,888 100%
Released Stages $434.1m 1,278 1,103 999 609 FY20 FY28 $216,949 $685,000 77%
Future Stages $452.5m 1,038 0 0 0 FY25 FY32 TBC TBC 0%
Yarra's Edge, Lorimer Street Docklands $1,758.8m 1,568 1,300 1,185 1,094 FY05 FY29 $120,000 $6,000,000 Apartments and townhouses, with mixed use 100% Mirvac
Completed Stages Apr 11 $714.4m 664 664 664 664 FY13 FY20 $500,000 $6,000,000 100%
Marina Berths Mar 04 $18.1m 149 149 116 116 FY05 FY27 $120,000 $285,000 100%
Voyager - Tower 11 Oct 16 $294.2m 315 315 314 314 FY22 FY25 $475,000 $2,000,000 100%
Trielle - Tower 9 - $400.7m 191 172 91 0 FY27 FY28 $650,000 $5,250,000 0%
Future Stages - $331.4m 249 0 0 0 FY27 FY29 TBC TBC 0%
----- End of picture text -----

Represents Mirvac's share of expected future revenue subject to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Includes GST. Subject to rounding.
Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties.
Settlement dates may vary as circumstances change, due to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Settlements relate to residential lots only.
Construction progress as a percentage of cost, which includes land subdivision but not land acquisition.
Retail lots expected to settle in the future.
Price range relates to released lots and is not indicative of future releases. Includes GST.

101

Mirvac FY24 Property Compendium

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Residential Development

Victoria

THE ALBERTINE, 31 QUEENS ROAD

MELBOURNE, VIC

==> picture [478 x 217] intentionally omitted <==

The Albertine is a permit approved site with park frontage and CBD/park views situated in Melbourne’s city fringe. Mirvac Design has re-imagined the space to include 98 luxury apartments benefiting from several resident amenities including resident's pool, spa, gym, sauna, lounge, secret garden and elevated dining/lounge 'The Elysium Room' with expansive views over Albert Park Lake. The Albertine was launched to market in mid-2023.

Summary Information - In Progress

==> picture [480 x 103] intentionally omitted <==

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

ACQUISITION/AGREEMENT DATE May-22
LOCATION Melbourne
PROJECT VALUE (INCL. GST) [1] $204.4m
TOTAL LOTS [1] 98
RESIDENTIAL LOTS SETTLEMENT PERIOD FY26
OWNERSHIP STRUCTURE 100% Mirvac
----- End of picture text -----

Note: Image is an artist impression, final design may differ from above image.

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

102

Mirvac FY24 Property Compendium

==> picture [60 x 32] intentionally omitted <==

Residential Development Victoria

THE FABRIC, BLACKSHAWS ROAD ALTONA NORTH, VIC

==> picture [477 x 202] intentionally omitted <==

The Fabric is an 11.4 hectare urban infill site located in Altona North, nine kilometres west of Melbourne’s CBD. The masterplan comprises a total of over 550 dwellings offering 2, 3 and 4- bedroom townhouses and mid-rise apartments. The Fabric townhouses achieve a strong, contemporary architectural style and deliver sustainable outcomes for residents with all townhouses achieving a 7-star energy rating and provisioned with solar panels and fully electric appliances. Over one hectare of public open space will be delivered, including a main local park, a pocket park and linear trails linking green areas throughout the development.

Summary Information - In Progress

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

ACQUISITION/AGREEMENT DATE Jul-20
LOCATION Altona North
PROJECT VALUE (INCL. GST) [1] $489.9m
TOTAL LOTS [1] 580
RESIDENTIAL LOTS SETTLEMENT PERIOD FY22-FY29
OWNERSHIP STRUCTURE 100% Mirvac
----- End of picture text -----

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

103

Mirvac FY24 Property Compendium

==> picture [60 x 32] intentionally omitted <==

Residential Development Victoria

OLIVINE, DONNYBROOK ROAD

DONNYBROOK, VIC

==> picture [359 x 231] intentionally omitted <==

Olivine is located approximately 30 kilometres north of Melbourne’s CBD in Donnybrook within the City of Whittlesea municipality. The masterplanned community spans 465 hectares and is expected to deliver circa 4,500 lots over approximately 20 years. Olivine is expected to become home to approximately 11,000 residents and will include a new local town centre, education facilities, health, sports and community infrastructure, whilst 30% of the site will be dedicated to open space and conservation. Hume Anglican Grammar Donnybrook is currently open with students across Prep to Grade 6 and will ultimately expand to a Prep – Year 12 school. The Olivine Community Hub, encompassing a social enterprise café, community space and sales office, opened in 2020, in parallel with Gumnut Adventure Park. The nine hectare active open space precinct is expected to be ready for use in late 2024. The Donnybrook Government Primary School and Wallaby Early Learning centre both opened in 2023, complementing the existing Murnong Kindergarten.

Summary Information - In Progress

==> picture [480 x 103] intentionally omitted <==

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

ACQUISITION/AGREEMENT DATE Jun-12
LOCATION Donnybrook
PROJECT VALUE (INCL. GST) [1] $1,731.1m
TOTAL LOTS [1] 4,623
RESIDENTIAL LOTS SETTLEMENT PERIOD FY18-FY38
OWNERSHIP STRUCTURE Combination of balance sheet and DMA with Boral
----- End of picture text -----

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

104

Mirvac FY24 Property Compendium

==> picture [60 x 32] intentionally omitted <==

Residential Development Victoria

PRINCE AND PARADE, 699 PARK STREET

BRUNSWICK, VIC

==> picture [470 x 231] intentionally omitted <==

Prince and Parade is an apartment site located in the inner northern suburb of Brunswick, situated four kilometres north of Melbourne’s CBD and with direct frontage to Princes Park. The proposed development features 160 luxury apartments across 2 buildings and a combined 2 storey basement with adaptable resident amenity on the ground floor and a central landscaped courtyard. The project includes a ground floor café, commercial space and heritage building that will be refurbished for future use. The project has received planning approval and was released to the market in September 2023. Construction of an early works package commenced in November 2023.

Summary Information - In Progress

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

ACQUISITION/AGREEMENT DATE Jun-21
LOCATION Brunswick
PROJECT VALUE (INCL. GST) [1] $286.2m
TOTAL LOTS [1] 160
RESIDENTIAL LOTS SETTLEMENT PERIOD FY27
OWNERSHIP STRUCTURE 100% Mirvac
----- End of picture text -----

Note: Image is an artist impression, final design may differ from above image.

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

105

Mirvac FY24 Property Compendium

==> picture [60 x 32] intentionally omitted <==

Residential Development Victoria

SMITHS LANE, SMITHS LANE

CLYDE NORTH, VIC

==> picture [354 x 236] intentionally omitted <==

Smiths Lane is a 260-hectare site located approximately 55 kilometres south-east of the Melbourne CBD in Clyde North in the City of Casey growth area. The masterplanned community is expected to deliver over 3,000 lots over 12 years and be home to over 7,500 residents, with over 56 hectares of public open space planned. It will include a new local town centre, a government primary school, a private primary and secondary school, a childcare facility, an active open space precinct with sporting ovals, seven local parks, community facility, wetlands and walking and cycle trails along Cardinia Creek.

Summary Information - In Progress

==> picture [481 x 115] intentionally omitted <==

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

ACQUISITION/AGREEMENT DATE Nov-11
LOCATION Clyde North
PROJECT VALUE (INCL. GST) [1] $1,379.6m
TOTAL LOTS [1] 3,179
RESIDENTIAL LOTS SETTLEMENT PERIOD FY19-FY29
Combination of 100% Mirvac and 50/50 Joint Operation with
OWNERSHIP STRUCTURE
Supalai
----- End of picture text -----

Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

106

Mirvac FY24 Property Compendium

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Residential Development Victoria

TULLAMORE, DONCASTER ROAD

DONCASTER, VIC

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Tullamore is a 47 hectare infill development, comprising vacant land, integrated housing and residential apartments. 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 to leading retail, education and transport hubs. Near 30% of Tullamore is devoted to green open spaces, with parks, playgrounds, picnic areas, exercise equipment and walking tracks. The Stables Provedore Café and Next Gen Health and Lifestyle club are both repurposed heritage buildings providing superior on site amenity to the community. Tullamore is set for completion in 2024 and will comprise more than 900 residences at completion. The third and final apartment building Forme was completed in 2023.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Jul-15
LOCATION Doncaster
PROJECT VALUE (INCL. GST) [1] $890.4m
TOTAL LOTS [1] 913
RESIDENTIAL LOTS SETTLEMENT PERIOD FY16-FY25
OWNERSHIP STRUCTURE 100% Mirvac
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Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

107

Mirvac FY24 Property Compendium

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Residential Development Victoria

WANTIRNA SOUTH, GEORGE STREET

WANTIRNA SOUTH, VIC

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Wantirna South is a 171 hectare site located approximately 25 kilometres south-east of the Melbourne CBD. In June 2019, Mirvac and Boral agreed jointly to develop the quarry and brickworks site into a future masterplanned community. The development of this site will include both the rehabilitation from its previous quarrying and brick production use and the rezoning and subsequent subdivision. It is envisaged the community will comprise over 1,700 lots, with the masterplan allowing for a mix of residential land and smaller format townhouses, as well as a potential mixed-use zone comprising of a retail offering and higher density affordable housing. It is anticipated that the community will include over 66 hectares of new parkland, designed to invite and extend the adjacent Dandenong Valley Parklands into the site, and over 12 hectares of local public open space.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Jun-19
LOCATION Wantirna South
PROJECT VALUE (INCL. GST) [1] $1,357.4m
TOTAL LOTS [1] 1,717
RESIDENTIAL LOTS SETTLEMENT PERIOD FY27-FY36
OWNERSHIP STRUCTURE PDA with Boral
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Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

108

Mirvac FY24 Property Compendium

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Residential Development Victoria

WOODLEA, LEAKES ROAD

AINTREE AND BONNIEBROOK, VIC

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Woodlea is a 711 hectare, greenfield masterplanned community, situated 29 kilometres west of Melbourne’s CBD in Aintree and Bonnie Brook (formerly Rockbank) within the City of Melton municipality. The development comprises land lots as well as a townhouse product built by Mirvac. Upon completion, the community will accommodate approximately 20,000 residents, with 14,500 already residing at Woodlea. Community amenity includes a Local Town Centre (Woodlea Town), 16 established parks (including a dog park, adventure park and sporting precinct), private childcares and Council community hub. Woodlea is also home to a number of schools, all at full capacity, with expansion plans underway as well as an additional State Government Secondary School currently under construction. Next to the Local Town Centre is the 7-hectare Lifestyle Community Village, providing a downsizer product within the heart of Woodlea. Works have commenced on an exciting new precinct at Woodlea which will be supported by a new display village, active open space with sporting pavilion and vet clinic.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Nov-06
LOCATION Aintree / Bonnie Brook
PROJECT VALUE (INCL. GST) [1] $2,036.0m
TOTAL LOTS [1] 6,466
RESIDENTIAL LOTS SETTLEMENT PERIOD FY16-FY32
OWNERSHIP STRUCTURE 50% Mirvac 50% Jayaland Corporation
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Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

109

Mirvac FY24 Property Compendium

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Residential Development Victoria

YARRA'S EDGE, LORIMER STREET

DOCKLANDS, VIC

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Yarra’s Edge is a 14 hectare site located on the north facing bank of the Yarra River in Melbourne's Docklands. Mirvac commenced works at Yarra's Edge in 1999 and on completion, the precinct will include around 2,300 dwellings[1] , with a component of retail, commercial space and a marina. The next premium residential offering at Yarra's Edge, Trielle (Tower 9), was released to the market in March 2023 with construction commencing in August 2024.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Various (from 2004)
LOCATION Docklands
PROJECT VALUE (INCL. GST) [2] $1,758.8m
TOTAL LOTS [2] 1,568
RESIDENTIAL LOTS SETTLEMENT PERIOD FY05-FY29
OWNERSHIP STRUCTURE 100% Mirvac
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Note: Image is an artist impression, final design may differ from above image.

Figure includes previously completed stages no longed reported in the property compendium.
Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

110

Mirvac FY24 Property Compendium

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Residential

WESTERN AUSTRALIA

Mirvac Share Expected Revenue[1] $0.9 billion

Pipeline Lots[2] 1,042 lots

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Masterplanned
Communities 24%
Apartments 76%
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Masterplanned
Communities 64%
Apartments 36%
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In Progress

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Represents Mirvac's share of expected future revenue subject to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Includes GST. Subject to rounding.
Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties.
Settlement dates may vary as circumstances change, due to various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties. Settlements relate to residential lots only.
Construction progress as a percentage of cost, which includes land subdivision but not land acquisition.
Price range relates to released lots and is not indicative of future releases. Includes GST.

111

Mirvac FY24 Property Compendium

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Residential Development

Western Australia

HENLEY BROOK, PARK STREET

HENLEY BROOK, WA

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Henley Brook is a masterplanned community located 22 kilometres north-east of the Perth CBD in Perth’s fastest growing corridor and within the municipality of the City of Swan. The 44-hectare site will comprise over 800 land lots[1 ] and was recently awarded the UDIA National Award for Excellence - Residential Subdivision.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Nov-18
LOCATION Henley Brook
PROJECT VALUE (INCL. GST) [1] $247.0m
TOTAL LOTS [1] 839
RESIDENTIAL LOTS SETTLEMENT PERIOD FY22-FY29
OWNERSHIP STRUCTURE 100% Mirvac
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Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

112

Mirvac FY24 Property Compendium

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Residential Development

Western Australia

ILUMA PRIVATE ESTATE, MARSHALL ROAD

BENNETT SPRINGS, WA

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Iluma Private Estate is a masterplanned community within the City of Swan’s urban growth corridor, approximately 15 kilometres north-east of Perth’s CBD. The 44-hectare site will ultimately provide almost 700 residential dwellings[1] linked by a series of central linear public open spaces and parks.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Dec-14
LOCATION Bennett Springs
PROJECT VALUE (INCL. GST) [1] $184.7m
TOTAL LOTS [1] 690
RESIDENTIAL LOTS SETTLEMENT PERIOD FY18-FY25
OWNERSHIP STRUCTURE 100% Mirvac
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Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

113

Mirvac FY24 Property Compendium

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Residential Development

Western Australia

MADOX, NICHOLSON ROAD

PIARA WATERS, WA

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Madox is a masterplanned community located 22 kilometres south east of the Perth CBD and is intended to deliver close to 400 lots[1] .

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Feb-16
LOCATION Piara Waters
PROJECT VALUE (INCL. GST) [1] $120.2m
TOTAL LOTS [1] 398
RESIDENTIAL LOTS SETTLEMENT PERIOD FY18-FY25
OWNERSHIP STRUCTURE 100% Mirvac
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Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

114

Mirvac FY24 Property Compendium

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Residential Development

Western Australia

ONE71 BALDIVIS, BALDIVIS ROAD

BALDIVIS, WA

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One71 Baldivis is a masterplanned community located 40 minutes from Perth’s CBD in the southwest corridor. The site is approximately 30 hectares and is expected to contain over 400 lots[1] at completion.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Dec-13
LOCATION Baldivis
PROJECT VALUE (INCL. GST) [1] $78.3m
TOTAL LOTS [1] 411
RESIDENTIAL LOTS SETTLEMENT PERIOD FY16-FY26
OWNERSHIP STRUCTURE 100% Mirvac
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Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

115

Mirvac FY24 Property Compendium

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Residential Development Western Australia

THE PENINSULA, THE CIRCUS

BURSWOOD, WA

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This 17 hectare site is located within the town of Victoria Park on the Burswood Peninsula, approximately five kilometres east of Perth’s CBD and strategically located near the Crown Casino and Optus Stadium. To date, Mirvac has delivered five apartment towers, a series of midrise buildings, as well as land and built form lots. The newest stage, Ador by Mirvac, is a boutique apartment project consisting of 82 luxury apartments, located on the western edge of Mirvac’s master planned community, The Peninsula Burswood.

Summary Information - In Progress

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ACQUISITION/AGREEMENT DATE Feb-03
LOCATION Burswood
PROJECT VALUE (INCL. GST) [1] $1,175.8m
TOTAL LOTS [1] 816
RESIDENTIAL LOTS SETTLEMENT PERIOD FY07-FY31
OWNERSHIP STRUCTURE 100% Mirvac
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Indicative only and subject to change. Project value and final lot number will depend on various factors outside of Mirvac’s control such as planning, market conditions, construction cost escalation, supply chain risks, weather and other uncertainties

116

FY24 Property Compendium Investment Office Industrial Retail Build to Rent Land Lease Funds Development Commercial & Mixed Use Residential Important Notice Contact Us

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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. Forwardlooking 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 does it 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 2024 unless otherwise stated.

117

FY24 Property Compendium Investment Office Industrial Retail Build to Rent Land Lease Funds Development Commercial & Mixed Use Residential Important Notice Contact Us

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Contact Us

Level 28, 200 George Street Sydney NSW 2000

mirvac.com +61 2 9080 8000 [email protected]

Iluma Private Estate, Perth

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AI assistant

MIRVAC GROUP — Fund Information / Factsheet 2024

65328_rns_2024-08-07_2f968ffb-c8a0-4d05-b48c-a9c4128fc04c.pdf

FY24 Property Compendium

NSW

[VIC] Victoria

[VIC] Victoria

QLD

Brisbane

Greater QLD

ROCKHAMPTON

HERVEY BAY

ACT

Investment

Investment Overview

Property Portfolio

Property Portfolio Diversification

Sector Diversification[6]

Geographic Diversification[7]

Lease Expiry Profile[8]

Total Portfolio

Office Portfolio

Office

Office

Grade Diversification[1]

Geographic Diversification[2]

Investment Property Office

101-103 MILLER STREET

NORTH SYDNEY, NSW

Summary Information

Investment Property Office

10-20 BOND STREET SYDNEY, NSW

Summary Information

Investment Property Office

275 KENT STREET SYDNEY, NSW

Summary Information

Investment Property Office

SOUTH EVELEIGH PRECINCT EVELEIGH, NSW

Summary Information

Investment Property Office

75 GEORGE STREET

PARRAMATTA, NSW

Investment Property Office

1 DARLING ISLAND PYRMONT, NSW

Investment Property Office

65 PIRRAMA ROAD

PYRMONT, NSW

Summary Information

Investment Property Office

699 BOURKE STREET

MELBOURNE, VIC

Summary Information

Investment Property Office

90 COLLINS STREET

MELBOURNE, VIC

Investment Property Office

OLDERFLEET 477 COLLINS STREET

MELBOURNE, VIC

Investment Property Office

664 COLLINS STREET

MELBOURNE, VIC

Summary Information

Investment Property Office

380 ST KILDA ROAD

MELBOURNE, VIC

Summary Information

Investment Property Office

RIVERSIDE QUAY

SOUTHBANK, VIC

Investment Property Office

2 RIVERSIDE QUAY SOUTHBANK, VIC

Summary Information

Investment Property Office

23 FURZER STREET

PHILLIP, ACT

Summary Information

Investment Property Office

HERITAGE LANES 80 ANN STREET

BRISBANE, QLD

Summary Information

MIRVAC GROUP Fund Information / Factsheet 2024