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MIRVAC GROUP — Investor Presentation 2007
Nov 13, 2007
65328_rns_2007-11-13_70eb8c2f-c921-4e27-acfe-015a6b792d17.pdf
Investor Presentation
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14 November 2007
MIRVAC’S QUEENSLAND ANALYST/INVESTOR TOUR
Attached is an information booklet produced for an analyst/investor tour of Mirvac’s Queensland assets being conducted today.
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Michael Smith
Group Company Secretary
Mirvac is a leading ASX-listed, integrated real estate group with more than $26.3 billion of activities under control across the real estate funds management and development spectrum.
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Analyst & Investor QLD Tour Showcasing commercial, industrial, retail and residential developments
14th November 2007
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Analyst & Investor QLD Tour November 2007
Contents
| External Attendees | 3 |
|---|---|
| Mirvac Attendees | 4 |
| Map | 5 |
| Itinerary | 6 |
| Internal Funds Management | 7 |
| 127 Creek Street | 8 |
| 189 Grey Street | 9 |
| John Oxley Centre | 10 |
| Mojo Building | 11 |
| Logan Mega Centre | 12 |
| Orion Springfield Town Centre | 13 |
| Hinkler Central | 14 |
| Kawana Shopping Centre | 15 |
| Residential Development | 16 |
| Park Hill Village, Murarrie | 17 |
| Waterline, Bulimba | 18 |
| Mossvale on Manly, Wakerley | 19 |
| Mossvale on Manly, Wakerley(MWRDP) | 20 |
| Ephraim Island, Paradise Point | 21 |
| The Sanctuary on Moggill | 22 |
| Newstead River Park | 23 |
| Tennyson Riverside Development | 24 |
| Fairways, Brookwater | 25 |
| Mariner’s Peninsula, Townsville | 26 |
| Mariner’s Peninsula, Townsville (MWRDP) | 27 |
| Gainsborough Greens/Paddy’s Farm Pimpama | 28 |
| Hope Island Resort | 29 |
| Hope Island Resort (MWRDP) | 30 |
| Non Residental Development | 31 |
| Education City, Springfield | 32 |
| Ormeau Shopping Centre | 33 |
| Nambour Shopping Centre | 34 |
| Mirvac Industrial Land Banks | 35 |
| Location Map | 36 |
| Beaudesert Boonah Road, Bromelton | 37 |
| Lot 226, Cunningham Highway, Mutdapilly | 39 |
| 133 South Pine Road, Brendale | 41 |
| 525-597 Pumicestone Road, Caboolture | 42 |
| 29, 31 & 61 Boundary Road, Mackay | 44 |
| Key Terms | 45 |
2
Analyst & Investor QLD Tour November 2007
External Attendees
Robert Bitomsky ABN AMRO Morgans Kieran Osborne Brook Asset Management Michael Mayrseidi Burrell Stockbroking Ben Dalling Challenger Financial Services Alexandra Rogers Citi Group David Burgess Credit Suisse Equities Philip Cheetham Deutsche Asset Management Anna Chen Deutsche Bank Peter Zuk Goldman Sachs JBwere Catriona Forrester ING Investment Richard Jones J.P. Morgan Securities Paul Checchin Macquarie Securities Mario Saccoccio MacarthurCook Michael Frearson Macquarie Private Portfolio Management Winston Sammut Maxim Asset Management John Kim Merrill Lynch Equities Australia John Richmond Merrill Lynch Equities Todd McFarlane Morgan Stanley Van Morris Orchard Funds Management Jeffrey Mak Perennial Real Estate Investments Brett McNeil Portfolio Partners John Freedman UBS Guests Mark Goodman ICPS Paul McDonald ICPS
3
Analyst & Investor QLD Tour November 2007
Mirvac Attendees
Greg Paramor Managing Director Chris Freeman CEO QLD Justin Mitchell Chief Financial Officer Matthew Wallace Development Director Peters Gibbs Operations Manager QLD Gerald Vandermeyde Financial Controller QLD Brett Robinson Senior Development Manager Stuart Penklis National Industrial Director Ben James Trust Manager MPT Greg Chubb Director Retail MPT Adam Crowe Investor Relations Manager Deborah Robinson Investor Relations Coordinator
4
Analyst & Investor QLD Tour November 2007
Investment Portfolio & Developments
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Hinkler Central
Mariner’s Peninsula,
Townsville
Nambour Shopping Centre
Kawana Shopping Centre
BRISBANE AIRPORT
BRISBANE CBD
Newstead
Riverpark
Waterline
127 Creek St
Bulimba
John Oxley Centre Park Hill Village
Mojo Building
189 Grey St Mossvale on
Manly
Tennyson
Riverside
The Sanctuary
Moggill
Ormeau Shopping Centre
Gainsborough Greens
Logan Mega Centre
Pimpama
Education Orion Fairways Hope IslandEphraim Island
City Springfield Brookwater
LOGAN MWY
GATEWAY HWY
CENTENNARY HWY
M1
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LEGEND
-
INtErNaL fuNDs maNaGEmENt
-
rEsIDENtIaL DEvELopmENt
-
NoN-rEsIDENtIaL DEvELopmENt
5
Analyst & Investor QLD Tour November 2007
Itinerary
| Time | Activity/Location | Tour Guides |
|---|---|---|
| 8:00am | Meeting point | |
| Quay West Suites Reception | ||
| 8:15am | Depart Quay West Suites | Matt Wallace |
| Introduction, state overview & update | ||
| Safety & site induction | ||
| Drive by - Newstead River Park, Newstead | Matt Wallace | |
| Update - Office portfolio | Ben James | |
| 8:45am - 9:15am | Site visit | |
| 133 South Pine Rd, Brendale | Stuart Penklis & ICPS | |
| Update - Industrial portfolio | Stuart Penklis | |
| 10:15am - 10:45am | Site visit | |
| 525-597 Pumicestone Rd, Caboolture | Stuart Penklis & ICPS | |
| 12:30pm - 1:45pm | LUNCH | |
| Gainsborough Green Golf Club | ||
| 1:45pm - 2:15pm | Site visit | |
| Gainsborough Greens & Paddy’s Farm, | Brett Robinson | |
| Pimpana | ||
| Update - Retail portfolio | Greg Chubb | |
| 3:00 - 3:30pm | Site visit | |
| Orion Springfield Town Centre | Greg Chubb | |
| 4:00pm - 4:30pm | Site Visit | |
| Tennyson Reach Display Suite | Matt Wallace | |
| 5:00pm | Arrive Brisbane Airport |
6
Analyst & Investor QLD Tour November 2007
Internal Funds Management
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Orion Springfield Town Centre, Springfield
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| 127 Creek Street | 8 |
|---|---|
| 189 Grey Street | 9 |
| John Oxley Centre | 10 |
| Mojo Building | 11 |
| Logan Mega Centre | 12 |
| Orion Springfield | 13 |
| Hinkler Central | 14 |
| Kawana Shoppingworld | 15 |
7
Analyst & Investor QLD Tour November 2007
Commercial Funds Management
127 Creek Street, Brisbane
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127 Creek Street, Brisbane, QLD
DESCRIPTION
The property comprises 26 office floors and two levels of basement car parking. The building features 790sqm floor plates with good natural light on all slides and is close to Central railway station, Queen Street Mall and the financial heart of the CBD.
SUMMARY INFORMATION
| SUMMARY INFORMATION | ||
|---|---|---|
| GRADe | B Grade | |
| OwNeRshIp | 100% MPT | |
| NLA | 18,408 sqm | |
| CAR spACes | 123 | |
| ACQuIsITION DATe | May1998 | |
| BOOk VALue | $89.0m | |
| VALuATION | $72.0m | |
| VALuATION DATe | 30 June 2006 | |
| CApITALIsATION RATe | 7.50% | |
| DIsCOuNT RATe | 9.50% | |
| GROss OFFICe ReNT | $319/sqm | |
| MAJOR TENANTS* | NLA SQM | LEASE EXPIRY |
| QLD sTATe GOVeRNMeNT | 3,160 | Oct 08 |
| CORpORATe exeCuTIVe OFFICes | 2,370 | Jun 18 |
LEASE EXPIRY PROFILE % AREA*
| LEASE EXPIRY PROFILE % AREA* | LEASE EXPIRY PROFILE % AREA* | LEASE EXPIRY PROFILE % AREA* | LEASE EXPIRY PROFILE % AREA* |
|---|---|---|---|
| VACANCy0.0% | |||
| Fy08 15.7% |
|||
| Fy09 27.1% |
|||
| Fy10 18.1% |
|||
| Fy11 19.5% |
|||
| Fy12 1.5% |
|||
| BeyOND 18.1% |
|||
| wALe 3.17 yEARS |
- As at 30 september 2007
8
Analyst & Investor QLD Tour November 2007
Commercial Funds Management
South Bank 189 Grey Street,
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189 Grey Street South Bank, Brisbane, QLD
DESCRIPTION
This 12 level complex was developed by Mirvac in February 2005. The building features excellent natural light, large efficient floor plates of approximately 1,600sqm, and spectacular river and city views. The Southbank precinct provides the benefits of the parklands, retail services and public transport.
SUMMARY INFORMATION
| SUMMARY INFORMATION | ||
|---|---|---|
| GRADe | A Grade | |
| OwNeRshIp | 100% MPT | |
| NLA | 12,728 sqm | |
| CAR spACes | 180 | |
| ACQuIsITION DATe | February2005 | |
| BOOk VALue | $65.0m | |
| VALuATION | $65.0m | |
| VALuATION DATe | 30 June 2007 | |
| CApITALIsATION RATe | 7% | |
| DIsCOuNT RATe | 8.75% | |
| GROss OFFICe ReNT | $328/sqm | |
| MAJOR TENANTS* | NLA SQM | LEASE EXPIRY |
| IAG | 7,281 | Mar 15 |
| ThIess pTy LTD | 4,659 | Feb 13 |
LEASE EXPIRY PROFILE % AREA*
| LEASE EXPIRY PROFILE % AREA* | LEASE EXPIRY PROFILE % AREA* |
|---|---|
| VACANCy0.0% | |
| Fy08 2.2% |
|
| Fy09 0.0% |
|
| Fy10 3.6% |
|
| Fy11 0.0% |
|
| Fy12 0.4% |
|
| BeyOND 93.8% |
|
| wALe 6.33 yEARS |
- As at 30 september 2007
9
Analyst & Investor QLD Tour November 2007
Commercial Funds Management
Brisbane John Oxley Centre,
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John Oxley Centre 339 Coronation Drive, Brisbane, QLD
DESCRIPTION
A campus style commercial office building, with five levels of office accommodation and two levels of basement car parking. Large floor plates across two towers connect to provide 2,700sqm floor plates. Constructed in 1989, the building is well located on Coronation Drive with views across the river to the CBD.
SUMMARY INFORMATION
| SUMMARY INFORMATION | ||
|---|---|---|
| GRADe | B Grade | |
| OwNeRshIp | 100% MPT | |
| NLA | 13,172 sqm | |
| CAR spACes | 319 | |
| ACQuIsITION DATe | May2002 | |
| BOOk VALue | $58.5m | |
| VALuATION | $58.5m | |
| VALuATION DATe | 30 June 2007 | |
| CApITALIsATION RATe | 7.75% | |
| DIsCOuNT RATe | 9.00% | |
| GROss OFFICe ReNT | $321/sqm | |
| MAJOR TENANTS* | NLA SQM | LEASE EXPIRY |
| ORIGIN eNeRGy | 6,304 | Jun 18 |
| AusTRALIA pOsT CORpORATION | 1,661 | Jun 10 |
LEASE EXPIRY PROFILE % AREA*
| VACANCy | 0.0% | |
|---|---|---|
| Fy08 | 0.0% | |
| Fy09 | 13.8% | |
| Fy10 | 12.6% | |
| Fy11 | 9.7% | |
| Fy12 | 10.7% | |
| BeyOND | 53.2% | |
| wALe | 6.94 | yEARS |
- As at 30 september 2007
10
Analyst & Investor QLD Tour November 2007
Commercial Funds Management
Brisbane Mojo Building,
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MOJO Building 164 Grey Street, South Bank, Brisbane, QLD
DESCRIPTION
Developed by Mirvac in 2001, this boutique office building is located in the fringe office market of Southbank. Over three levels, the building offers sensational views across the Brisbane River to the CBD and is the head office to Mirvac Queensland.
SUMMARY INFORMATION
| SUMMARY INFORMATION | ||
|---|---|---|
| GRADe | A Grade | |
| OwNeRshIp | 100% MPT | |
| NLA | 3,079 sqm | |
| CAR spACes | 37 | |
| ACQuIsITION DATe | June 2001 | |
| BOOk VALue | $14.5m | |
| VALuATION | $14.1m | |
| VALuATION DATe | 31 December 2006 | |
| CApITALIsATION RATe | 7.00% | |
| DIsCOuNT RATe | 9.00% | |
| GROss OFFICe ReNT | $382/sqm | |
| MAJOR TENANTS* | NLA SQM | LEASE EXPIRY |
| MIRVAC QLD | 1,590 | May08 |
| MOjO pARTNeRs | 1,016 | August 2009 |
LEASE EXPIRY PROFILE % AREA*
| VACANCy | 0.0% | |
|---|---|---|
| Fy08 | 64% | |
| Fy09 | 0% | |
| Fy10 | 36% | |
| Fy11 | 0.0% | |
| Fy12 | 0.0% | |
| BeyOND | 0.0% | |
| wALe | 1.09 | yEARS |
- As at 30 september 2007
11
Analyst & Investor QLD Tour November 2007
Retail Funds Management
Logan Mega Centre, Logan
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Logan Mega Centre, Pacific Hwy Logan, QLD
DESCRIPTION
Opened in March 2007, the centre is the premiere homemaker facility of Brisbane. Co located with IKEA, the centre includes 30 homemaker retailers.
SUMMARY INFORMATION
| SUMMARY INFORMATION | ||
|---|---|---|
| GRADe | BulkyGoods Centre | |
| OwNeRshIp | 100% MPT | |
| GLA | 27,102 sqm | |
| CAR spACes | 600 | |
| ACQuIsITION DATe | September 2005 | |
| BOOk VALue | $82.5m | |
| VALuATION | $82.5m | |
| VALuATION DATe | 30 June 2007 | |
| CApITALIsATION RATe | 7.00% | |
| DIsCOuNT RATe | 8.75% | |
| CeNTRe MAT (As AT 30 sepT 07) | N/A | |
| MAJOR TENANTS* | NLA SQM | LEASE EXPIRY |
| spOTLIGhT | 3,509 | September 17 |
| ANACONDA | 3,425 | March 17 |
| FReeDOM | 2,415 | March 17 |
| DICk sMITh pOweRhOuse | 1,984 | March 17 |
LEASE EXPIRY PROFILE % AREA*
| VACANCy | 0.0% | |
|---|---|---|
| Fy08 | 0.0% | |
| Fy09 | 0.0% | |
| Fy10 | 0.0% | |
| Fy11 | 0.0% | |
| Fy12 | 17.3% | |
| BeyOND | 82.7% | |
| wALe | 7.96 | yEARS |
- As at 30 september 2007
12
Analyst & Investor QLD Tour November 2007
Retail Funds Management
Orion Springfield Town Centre, Springfield
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Orion Springfield Town Centre, Main Street, Springfield, QLD
DESCRIPTION
Located in Brisbane’s rapidly growing Southwestern corridor, the centre was opened in March 2007 including Woolworths, Big W and 100 specialty stores. This town centre breaks new ground in terms of environmentally sustainable initiatives. Planning for a second stage is underway.
SUMMARY INFORMATION
| SUMMARY INFORMATION | ||
|---|---|---|
| GRADe | Regional | |
| OwNeRshIp | 67% | MPT 33% MREIT |
| GLA | 33,366 sqm | |
| CAR spACes | 2,200 | |
| ACQuIsITION DATe | August 2002 | |
| BOOk VALue | $103.3m (67% interest) | |
| VALuATION | $103.3m (67% interest) | |
| VALuATION DATe | 30 June 2007 | |
| CApITALIsATION RATe | 6.25% | |
| DIsCOuNT RATe | 8.75% | |
| CeNTRe MAT (As AT 30 sepT 07) | N/A | |
| MAJOR TENANTS* | NLA SQM | LEASE EXPIRY |
| BIG w | 8,044 | March 27 |
| wOOLwORThs | 4,188 | March 27 |
LEASE EXPIRY PROFILE % AREA*
| LEASE EXPIRY PROFILE % AREA* | LEASE EXPIRY PROFILE % AREA* |
|---|---|
| VACANCy0.0% | |
| Fy08 0.1% |
|
| Fy09 0.0% |
|
| Fy10 0.4% |
|
| Fy11 0.0% |
|
| Fy12 38.1% |
|
| BeyOND 61.5% |
|
| wALe 10.83 yEARS |
- As at 30 september 2007
13
Analyst & Investor QLD Tour November 2007
Retail Funds Management
Hinkler Central, Bundaberg
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Hinkler Central
Maryborough Street, Bundaberg, QLD
DESCRIPTION
Located in the growing town of Bundaberg, the centre is enjoying the benefits of the redevelopment completed in June 2006. The Centre comprises Woolworths, Coles, Kmart and 70 specialty stores.
SUMMARY INFORMATION
| SUMMARY INFORMATION | ||
|---|---|---|
| GRADe | Sub Regional | |
| OwNeRshIp | 100% MPT | |
| GLA | 21,049 sqm | |
| CAR spACes | 1046 | |
| ACQuIsITION DATe | August 2003 | |
| BOOk VALue | $92.4m | |
| VALuATION | $91.0m | |
| VALuATION DATe | 30 June 2006 | |
| CApITALIsATION RATe | 6.50% | |
| DIsCOuNT RATe | 9.25% | |
| CeNTRe MAT (As AT 30 sepT 07) | $132m | |
| MAJOR TENANTS* | NLA SQM | LEASE EXPIRY |
| kMART | 6,208 | July09 |
| wOOLwORThs | 3,548 | March 20 |
| COLes | 3,313 | December 08 |
LEASE EXPIRY PROFILE % AREA*
| VACANCy1.3% | |
|---|---|
| Fy08 1.1% |
|
| Fy09 17.0% |
|
| Fy10 30.7% |
|
| Fy11 13.9% |
|
| Fy12 6.4% |
|
| BeyOND 29.6% |
|
| wALe 4.48 yEARS |
- As at 30 september 2007
14
Analyst & Investor QLD Tour November 2007
Retail Funds Management
Buddina Kawana Shoppingworld,
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Kawana Shoppingworld Nicklin Way, Buddina, QLD
DESCRIPTION
Located on the Queensland Sunshine Coast, the centre comprises Woolworths, Big W, Bi-Lo and 102 specialty shops. Planning is underway for significant centre expansion.
SUMMARY INFORMATION
| SUMMARY INFORMATION | ||
|---|---|---|
| GRADe | Sub Regional | |
| OwNeRshIp | 100% MPT | |
| GLA | 29,787 sqm | |
| CAR spACes | 1,710 | |
| ACQuIsITION DATe | Dec 93 (50%) June 98 (50%) | |
| BOOk VALue | $176.0m | |
| VALuATION | $175.0m | |
| VALuATION DATe | 31 December 2005 | |
| CApITALIsATION RATe | 6.75% | |
| DIsCOuNT RATe | 8.75% | |
| CeNTRe MAT (As AT 30 sepT 07) | $220m | |
| MAJOR TENANTS* | NLA SQM | LEASE EXPIRY |
| BIG w | 8,383 | June 21 |
| wOOLwORThs | 3,648 | November 14 |
| BILO | 3,351 | October 17 |
LEASE EXPIRY PROFILE % AREA*
| VACANCy0.1% | |
|---|---|
| Fy08 15.4% |
|
| Fy09 8.5% |
|
| Fy10 9.0% |
|
| Fy11 6.2% |
|
| Fy12 0.6% |
|
| BeyOND 60.3% |
|
| wALe 6.98 yEARS |
- As at 30 september 2007
15
Analyst & Investor QLD Tour November 2007
Residential Development
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Ephraim Island, Gold Coast
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| Park Hill Village | 17 |
|---|---|
| Waterline | 18 |
| Mossvale on Manly | 19 |
| Mossvale on Manly - MWRDP | 20 |
| Ephraim Island | 21 |
| The Sanctuary on Moggill | 22 |
| Newstead River Park | 23 |
| Tennyson Riverside Development | 24 |
| Fairways, Brookwater | 25 |
| Mariner’s Peninsula | 26 |
| Mariner’s Peninsula - MWRDP | 27 |
| Gainsborough Greens/Paddy’s Farm | 28 |
| Hope Island | 29 |
| Hope Island - MWRDP | 30 |
16
Analyst & Investor QLD Tour November 2007
Residential Development
Murarrie Park Hill Village,
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Park Hill Village Address: Mitchell Boulevard, Murarrie, QLD
DesCRIpTION
Park Hill Village incorporates a mix of well planned homes, townhouses and land only lots surrounded by Parkland only 8kms from the Brisbane CBD.
LOT suMMARy INFORMATION[1]
| LOT suMMARy INFORMATION1 | |
|---|---|
| TOTAL LOTs | 281 |
| ReLeAseD | 281 |
| exChANGeD | 281 |
| seTTLeD | 277 |
| OwNeRshIp sTRuCTuRe | |
| Joint venture with Cannon Hill Developments | |
| COsT/ReVeNue suMMARy | |
| TOTAL pROjeCT VALue | $111.0m |
| CuRReNT pRICe RANGe | $520,000 - $710,000 |
pROjeCT TIMING
ACQuIsITION DATe Joint venture commenced late 2000, noacquisition as land was owned and provided by joint venture partner with land price apportioned at settlement.
CONsTRuCTION peRIOD Progressive staged releases and construction. Final homes due for completion in December 2007.
pROjeCT upDATe
Almost complete, construction then settlements of final 4 lots underway before demobilisation and finalisation of joint venture.
CONsTRuCTION pROGRess
| esTIMATeD | CONsTRuCTION pROGRess | 99% |
|---|---|---|
| 0% | 50% | 100% |
DeVeLOpMeNT DIReCTOR
Simon Norris
- settlement dates may vary as circumstances change
17
Analyst & Investor QLD Tour November 2007
Residential Development
Waterline, Bulimba
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Waterline
Address: Cnr Stuart Street and Love Street, Bulimba
DesCRIpTION
Set on 9.5 hectares of prime Brisbane Riverfront land Waterline Bulimba offers buyers the lifestyle benefits of living and working close to the Brisbane City heart and the shopping and cafe precinct of Oxford St Bulimba. Includes an apartment building with 18 apartments as well as a range of premium waterfront home and land lots.
LOT suMMARy INFORMATION[1]
| LOT suMMARy INFORMATION1 | |
|---|---|
| TOTAL LOTs | 141 |
| ReLeAseD | 141 |
| exChANGeD | 138 |
| seTTLeD | 133 |
OwNeRshIp sTRuCTuRe
JV with Roche Group (Roche Group owns land)
| COsT/ReVeNue suMMARy | TOTAL |
|---|---|
| TOTAL pROjeCT VALue | $132.0m |
| CuRReNT pRICe RANGe | $1.3m - $1.6m |
| pROjeCT TIMING | |
| ACQuIsITION DATe | October 2000 – June 2008 |
| CONsTRuCTION peRIOD | June 2002 – February2008 |
pROjeCT upDATe
Construction of dwellings complete. Remaining works consist of remediation works to the parkland to be dedicated to council.
CONsTRuCTION pROGRess
| esTIMATeD | CONsTRuCTION pROGRess | 99% |
|---|---|---|
| 0% | 50% | 100% |
DeVeLOpMeNT DIReCTOR
Simon Norris
- settlement dates may vary as circumstances change
18
Analyst & Investor QLD Tour November 2007
Residential Development
Mossvale On Manly, Wakerley
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Mossvale on Manly Address: Moss Road, Wakerley, QLD
DesCRIpTION
Mossvale on Manly is located 14km from the city and minutes from Moreton Bay. The cornerstone of Mossvale’s popularity comes from its exceptional masterplanned and architecturally designed Mirvac series homes, which feature many environmental attributes along with it’s waterway corridor incorporating a wildlife habitat oasis.
LOT suMMARy INFORMATION[1]
| LOT suMMARy INFORMATION1 | |
|---|---|
| TOTAL LOTs | 323 |
| ReLeAseD | 315 |
| exChANGeD | 302 |
| seTTLeD | 266 |
OwNeRshIp sTRuCTuRe
100% Mirvac
| COsT/ReVeNue suMMARy | TOTAL |
|---|---|
| TOTAL pROjeCT VALue | $176.0m |
| CuRReNT pRICe RANGe | $550,000 - $640,000 |
pROjeCT TIMING
ACQuIsITION DATe Progressive acquisition, main purchase in 2001 CONsTRuCTION peRIOD Progressive staged releases and construction. Final homes due for completion mid 2008.
pROjeCT upDATe
Currently half way through construction of homes, with final homes due for completion in mid 2008.
CONsTRuCTION pROGRess
| esTIMATeD | CONTsTRuCTION pROGRess | 85% |
|---|---|---|
| 0% | 50% | 100% |
DeVeLOpMeNT DIReCTOR
Simon Norris
- settlement dates may vary as circumstances change
19
Analyst & Investor QLD Tour November 2007
Residential Development
Mossvale On Manly, Wakerley (MWRDP)
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Mossvale on Manly Address: Moss Road, Wakerley, QLD
DesCRIpTION
Mossvale on Manly is located 14km from the city and minutes from Moreton Bay. The cornerstone of Mossvale’s popularity comes from it’s exceptional masterplanned and architecturally designed Mirvac series homes, which feature many environmental attributes along with it’s waterway corridor incorporating a wildlife habitat oasis.
| LOT suMMARy INFORMATION1 | |
|---|---|
| TOTAL LOTs | 180 |
| ReLeAseD | 0 |
| exChANGeD | 0 |
| seTTLeD | 0 |
OwNeRshIp sTRuCTuRe
| OwNeRshIp sTRuCTuRe | |
|---|---|
| Land owned byMWRDP | |
| COsT/ReVeNue suMMARy | TOTAL |
| TOTAL pROjeCT VALue | $112.0m |
| CuRReNT pRICe RANGe | $550,000 - $640,000 |
| pROjeCT TIMING | |
| ACQuIsITION DATe | June 2007 |
| CONsTRuCTION peRIOD | |
| Progressive stage releases and construction. Final homes due for | |
| completion early2012 |
pROjeCT upDATe
| CONsTRuCTION pROGRess | ||
|---|---|---|
| esTIMATeD CONTsTRuCTION | pROGRess | 1% |
| 0% | 50% | 100% |
DeVeLOpMeNT DIReCTOR Simon Norris
- settlement dates may vary as circumstances change
20
Analyst & Investor QLD Tour November 2007
Residential Development
Paradise Point Ephraim Island,
==> picture [241 x 200] intentionally omitted <==
Ephraim Island
Address: Entry via bridge at corner of the esplanade and Ephraim Island Parade, QLD
DesCRIpTION
Located in the middle of the beautiful Broadwater on Queensland’s Gold Coast, Ephraim Island. Features stunning apartments, waterfront villas and beach homes. Residents can enjoy 75% dedicated area to parkland, a 115 berth marina, day spa and Darcys restaurant.
LOT suMMARy INFORMATION[1]
| LOT suMMARy INFORMATION1 | |
|---|---|
| TOTAL LOTs | 498 |
| ReLeAseD | 445 |
| exChANGeD | 358 |
| seTTLeD | 344 |
OwNeRshIp sTRuCTuRe
| OwNeRshIp sTRuCTuRe | |
|---|---|
| Joint Venture with Lewis Land Group | |
| COsT/ReVeNue suMMARy | TOTAL |
| TOTAL pROjeCT VALue | $557.0m |
| CuRReNT pRICe RANGe | $720,000-$4.8m |
| pROjeCT TIMING | |
| ACQuIsITION DATe | November 2001 |
| CONsTRuCTION peRIOD | May2003 - June 2008 |
pROjeCT upDATe
Construction of final two apartment buildings to be completed mid 2008. A start date for construction of the final 7 houses has yet to be finalised.
CONsTRuCTION pROGRess
esTIMATeD CONTsTRuCTION pROGRess 90%
0% 50% 100%
DeVeLOpMeNT DIReCTOR
Matthew Wallace
1. settlement dates may vary as circumstances change
21
Analyst & Investor QLD Tour November 2007
Residential Development
The Sanctuary Moggill, Moggill
==> picture [241 x 200] intentionally omitted <==
The Sanctuary Moggill Address: Cnr Moggill Road and Sanctuary Way Moggill, QLD
DesCRIpTION
The Sanctuary on Moggill’s masterplan is a demonstrated response to the physical environment, topography and established flora and fauna creating a natural and enjoyable place to live.
LOT suMMARy INFORMATION[1]
| LOT suMMARy INFORMATION1 | |
|---|---|
| TOTAL LOTs | 356 |
| ReLeAseD | 109 |
| exChANGeD | 85 |
| seTTLeD | 30 |
| OwNeRshIp sTRuCTuRe | |
|---|---|
| Mirvac 100% | |
| COST/REvENUE SUMMARY | TOTAL |
| TOTAL pROjeCT VALue | $126.1m |
| CuRReNT pRICe RANGe | $215,000 - $532,600 |
| pROjeCT TIMING | |
| ACQuIsITION DATe | September 2004 |
| CONsTRuCTION peRIOD | March 2006 - January2014 |
pROjeCT upDATe sTAGe 1A AND 1B Civil works are now complete sTAGe 4 Will be the next stage to be developed Civil works will commence in early 2008.
| CONsTRuCTION pROGRess | ||
|---|---|---|
| esTIMATeD CONsTRuCTION | pROGRess | 16% |
| 0% | 50% | 100% |
DeVeLOpMeNT DIReCTOR
Simon Norris
- settlement dates may vary as circumstances change
22
Analyst & Investor QLD Tour November 2007
Residential Development
Newstead River Park, Newstead
==> picture [241 x 200] intentionally omitted <==
Newstead River Park Address: Skyring Terrace, Newstead, QLD
DesCRIpTION
Located 2kms from the Brisbane CBD on a premium parcel of Brisbane riverfront, Newstead Riverpark will soon be transformed into a world class residential retail and parkland precinct. Newstead Riverpark is planned for public release in early 2008 and will be Brisbane’s largest and most anticipated Urban Renewal Project.
| LOT suMMARy INFORMATION1 | |
|---|---|
| TOTAL LOTs | 582 |
| ReLeAseD | 0 |
| exChANGeD | 0 |
| seTTLeD | 0 |
OwNeRshIp sTRuCTuRe
100% Mirvac
| COST/REvENUE SUMMARY | TOTAL |
|---|---|
| TOTAL pROjeCT VALue | $775.0m |
| CuRReNT pRICe RANGe | $650,000 - $5.0m |
| pROjeCT TIMING | |
| ACQuIsITION DATe | December 2007- January2008 |
| CONsTRuCTION peRIOD | |
| Expected commencement in April | 2008. Early civil works to |
| commence in late 2007 |
pROjeCT upDATe
sTAGe 1 Development Approval obtained. Market launch targeted in Q1 2008 with construction to commence soon after.
ReVIsION OF MAsTeRpLAN Underway for balance stages with potential 25% yield increase. sTAGe 2
Development application submission targeted for end 2007 with market launch in Q4 2008
CONsTRuCTION pROGRess
Expected commencement in May 2008. Early civil works to commence in late 2007.
| Expected commencement in May 2008. Early civil works to commence in late 2007. |
|
|---|---|
| esTIMATeD CONsTRuCTION pROGRess 5% |
|
| 0% 50% 100% |
|
| DEvELOPMENT DIRECTOR |
Michael Lynch
- settlement dates may vary as circumstances change
23
Analyst & Investor QLD Tour November 2007
Residential Development
Tennyson Riverside Development, Tennyson
==> picture [241 x 200] intentionally omitted <==
Tennyson Riverside Development Address: 21 Softstone St, Tennyson, QLD
DesCRIpTION
Tennyson Reach comprises six premium apartment buildings along an intimate, north facing stretch of the Brisbane River. On a site of approximately 12ha the 393 apartments will be delivered along with a range of lifestyle amenities and a parkland. In association with the Queensland State Government, Mirvac will also deliver the adjoining new State Tennis Centre.
| LOT suMMARy INFORMATION1 | |
|---|---|
| TOTAL LOTs | 393 |
| ReLeAseD | 115 |
| exChANGeD | 112 |
| seTTLeD | 0 |
OwNeRshIp sTRuCTuRe
100% Mirvac
| COST/REvENUE SUMMARY | TOTAL |
|---|---|
| TOTAL pROjeCT VALue | $604.0m |
| sTAGe 1 - pRICe RANGe | $955,000 – $4.4m |
| pROjeCT TIMING | |
| DeVeLOpMeNT AGReeMeNT exeCuTeD | September 2005 |
| CONsTRuCTION peRIOD | July2007 – June 2011 |
pROjeCT upDATe
sTATe TeNNIs CeNTRe Is currently under construction and will be completed in Dec 2008. sTAGe 1 Construction commenced in August with programmed completion in March 2009. Settlements April – July 2009.
sTAGe 2 (92 apartments) will be released on 8 December 2007. Construction will commence in February 2008 with settlement occurring from September 2009.
OVeRALL pROjeCT Completion is programmed for November 2011.
CONsTRuCTION pROGRess
| CONsTRuCTION pROGRess | CONsTRuCTION pROGRess | |
|---|---|---|
| esTIMATeD CONsTRuCTION pROGRess | 5% | |
| 0% | 50% | 100% |
| DeVeLOpMeNT DIReCTOR | ||
| Matthew Wallace |
- settlement dates may vary as circumstances change
24
Analyst & Investor QLD Tour November 2007
Residential Development
Brookwater Fairways,
==> picture [241 x 200] intentionally omitted <==
Fairways
Address: Melaleuca Drive, Brookwater, QLD
DesCRIpTION
Fairways, Brookwater is an exceptional example of modern golf course living. This boutique, architecturally designed and integrated community will immerse with the landscape and introduce a truly innovative urban design and theme, within a natural setting. A boutique residential development surrounded by the Greg Norman designed Brookwater Golf Course.
| LOT suMMARy INFORMATION1 | |
|---|---|
| TOTAL LOTs | 202 |
| ReLeAseD | 0 |
| exChANGeD | 0 |
| seTTLeD | 0 |
OwNeRshIp sTRuCTuRe
Development Services Deed
| COST/REvENUE SUMMARY | TOTAL |
|---|---|
| TOTAL pROjeCT VALue | $125.0m |
| CuRReNT pRICe RANGe | $400,000-$1.0m |
| pROjeCT TIMING TIL MID 2011 | |
|---|---|
| ACQuIsITION DATe | July2006 |
| CONsTRuCTION peRIOD | November 2007-July2011 |
| pROjeCT upDATe | |
| CIVIL wORks | |
| Are due to commence late 2007 with the frst release to occur | |
| mid 2008. |
| CONsTRuCTION pROGRess | ||
|---|---|---|
| esTIMATeD CONsTRuCTION | pROGRess | 0% |
| 0% | 50% | 100% |
| DeVeLOpMeNT DIReCTOR | ||
| Simon Norris |
- settlement dates may vary as circumstances change
25
Analyst & Investor QLD Tour November 2007
Mariner’s Peninsula, Townsville
==> picture [238 x 200] intentionally omitted <==
Mariner’s Peninsula
Address: Mariner’s Peninsula, Townsville, QLD
DesCRIpTION
Mixed residential comprising of 83 apartments and 18 house lots. An address that simply cannot be ignored, Mariner’s Peninsula, Townsville is a waterfront, residential address with views over the Breakwater Marina, along the Strand and out towards Magnetic Island. Consisting of a mix of apartments and waterfront homes, Mariner’s Peninsula represents a new standard of living in the everchanging region of Townsville.
| LOT suMMARy INFORMATION1 | |
|---|---|
| TOTAL LOTs | 101 |
| ReLeAseD | 0 |
| exChANGeD | 0 |
| seTTLeD | 0 |
OwNeRshIp sTRuCTuRe
| OwNeRshIp sTRuCTuRe | |
|---|---|
| 100% Mirvac | |
| COsT/ReVeNue suMMARy | TOTAL |
| TOTAL pROjeCT VALue | $154.0m |
| CuRReNT pRICe RANGe | $795,000-$3.0m |
| pROjeCT TIMING | |
| ACQuIsITION DATe | June 2006 |
| CONsTRuCTION peRIOD | April 2008 - November 21010 |
pROjeCT upDATe pLANNING Is underway with construction of first 4 houses to commence in April 2008.
| CONsTRuCTION pROGRess | ||
|---|---|---|
| esTIMATeD CONTsTRuCTION | pROGRess | 0% |
| 0% | 50% | 100% |
DeVeLOpMeNT DIReCTOR
Michael Lynch
- settlement dates may vary as circumstances change
26
Analyst & Investor QLD Tour November 2007
Mariner’s Peninsula, Townsville MWRDP
==> picture [238 x 200] intentionally omitted <==
Mariner’s Peninsula
Address: Mariner’s Peninsula, Townsville, QLD
DesCRIpTION
Mixed residential comprising of 101 apartments. Mariner’s Peninsula, Townsville is a waterfront, residential address with views over the Breakwater Marina, along the Strand and out towards Magnetic Island. Consisting of a mix of apartments and waterfront homes, Mariner’s Peninsula represents a new standard of living in the everchanging region of Townsville.
| LOT suMMARy INFORMATION1 | |
|---|---|
| TOTAL LOTs | 101 |
| ReLeAseD | 101 |
| exChANGeD | 97 |
| seTTLeD | - |
OwNeRshIp sTRuCTuRe
| OwNeRshIp sTRuCTuRe | ||
|---|---|---|
| Land owned byMWRDP | ||
| COsT/ReVeNue suMMARy | TOTAL | |
| TOTAL pROjeCT VALue | $89.0m | |
| CuRReNT pRICe RANGe | $650,000-$2.5m | |
| pROjeCT TIMING | ||
| ACQuIsITION DATe | June 2007 | |
| CONsTRuCTION peRIOD | October | 2007 - March 2009 |
| pROjeCT upDATe | ||
| CONsTRuCTION | ||
| Recentlycommenced bulk execution underway. | ||
| CONsTRuCTION pROGRess | ||
| esTIMATeD CONTsTRuCTION | pROGRess | 5% |
| 0% | 50% | 100% |
DeVeLOpMeNT DIReCTOR
Michael Lynch
- settlement dates may vary as circumstances change
27
Analyst & Investor QLD Tour November 2007
Residential Development
Gainsborough Greens/Paddy’s Farm, Pimpama
==> picture [241 x 137] intentionally omitted <==
Gainsborough Greens/Paddy’s Farm Address: yawalpah Road, Pimpama
DesCRIpTION
Gainsborough Greens and Paddy’s Farm are located 52kms from the Brisbane CBD and 23kms from Surfers Paradise in the suburb of Pimpama. The property is located 3km north of the future Coomera Town Centre. A residential community centred around a redesigned 18 hole championship golf course, the retained vegetation and parklands within Gainsborough Greens.
| LOT suMMARy INFORMATION1 | |
|---|---|
| TOTAL LOTs | 2300 |
| ReLeAseD | 0 |
| exChANGeD | 0 |
| seTTLeD | 0 |
OwNeRshIp sTRuCTuRe
| OwNeRshIp sTRuCTuRe | OwNeRshIp sTRuCTuRe | |
|---|---|---|
| 50/50joint venture with CityPacifc. | ||
| COST/REvENUE SUMMARY | TOTAL | |
| TOTAL pROjeCT VALue | $950.0m | |
| CuRReNT pRICe RANGe | Land $350,000 - $650,000 | |
| Homes $530,000 - $1.1m | ||
| pROjeCT TIMING | ||
| AQuIsITION DATe | October 2006 | |
| CONsTRuCTION peRIOD | Commence mid 2008 | |
| CONsTRuCTION pROGRess | ||
| esTIMATeD CONsTRuCTION | pROGRess | 0% |
| 0% | 50% | 100% |
| DeVeLOpMeNT DIReCTOR | ||
| Simon Norris |
- settlement dates may vary as circumstances change
28
Analyst & Investor QLD Tour November 2007
Residential Development
Hope Island Resort, Hope Island
==> picture [241 x 199] intentionally omitted <==
Hope Island Address: Hope Island Road, Hope Island, QLD
DesCRIpTION
Hope Island comprises vacant land, apartments and marina berths.
| LOT suMMARy INFORMATION1 | |
|---|---|
| TOTAL LOTs | 223 |
| ReLeAseD | 21 |
| exChANGeD | 20 |
| seTTLeD | 12 |
| OwNeRshIp sTRuCTuRe |
100% Mirvac
| COST/REvENUE SUMMARY | TOTAL |
|---|---|
| TOTAL pROjeCT VALue | $135.0m |
| CuRReNT pRICe RANGe | $240,000 - $1.5m |
| pROjeCT TIMING | |
| ACQuIsITION DATe | January2007 |
| CONsTRuCTION peRIOD | January2008-March 2008 |
pROjeCT upDATe
Remaining stock is being sold. Planning is underway for the Harbour Village site.
CONsTRuCTION pROGRess
| esTIMATeD | CONsTRuCTION pROGRess | 0% |
|---|---|---|
| 0% | 50% | 100% |
DEvELOPMENT DIRECTOR
Simon Norris
- settlement dates may vary as circumstances change
29
Analyst & Investor QLD Tour November 2007
Residential Development
Hope Island Resort, Hope Island (MWRDP)
==> picture [241 x 199] intentionally omitted <==
Hope Island Address: Hope Island Road, Hope Island, QLD
DesCRIpTION
This development comprises vacant land and walk-up apartments withing the exclusive private Hope Island Resort.
| LOT suMMARy INFORMATION1 | |
|---|---|
| TOTAL LOTs | 59 |
| ReLeAseD | 37 |
| exChANGeD | 25 |
| seTTLeD | 0 |
OwNeRshIp sTRuCTuRe 100% MWRDP
| COsT/ReVeNue suMMARy | TOTAL |
|---|---|
| TOTAL pROjeCT VALue | $31.0m |
| CuRReNT pRICe RANGe | $275,000 - $890,000 |
| pROjeCT TIMING | |
| ACQuIsITION DATe | June 2007 |
| CONsTRuCTION peRIOD | June 2007-June 2008 |
| pROjeCT upDATe |
Construction and marketing is underway. The project is due for completion in mid 2008.
CONsTRuCTION pROGRess
esTIMATeD CONsTRuCTION pROGRess
| The LINks | The LINks | 40% | |
|---|---|---|---|
| 0% | 50% | 100% | |
| 7Th FAIRwAy | 95% | ||
| 0% | 50% | 100% | |
| MAGNOLIA New | 100% | ||
| 0% | 50% | 100% |
DEvELOPMENT DIRECTOR
Simon Norris
- settlement dates may vary as circumstances change
30
Analyst & Investor QLD Tour November 2007
Non-Residential Development
Non Residential Development
==> picture [596 x 390] intentionally omitted <==
----- Start of picture text -----
Education CIty, Springfield
----- End of picture text -----
Education City 32 Mirvac Industrial Land Banks 35 Ormeau Shopping Centre 33 Beaudesert Boonah Road, Bromelton 37 Nambour Shopping Centre 34 Lot 226, Cunningham Highway, Mutdapilly 39 133 South Pine Road, Brendale 41 525-597 Pumicestone Road, Caboolture 42 29, 31 & 61 Boundary Road, Mackay 44
31
Analyst & Investor QLD Tour November 2007
Non-Residential Development
Education City - Stage 1
==> picture [241 x 200] intentionally omitted <==
Education City – Stage 1 Address: Sinnathamby Boulevard, Springfield, QLD
DesCRIpTION
Education City brings together education, training and learning providers in the one location and offer programs for people of all backgrounds ranging from childcare through to postgraduate studies. The current student population is 1,400 and is expected to reach 10,000 upon completion with 750 students living on campus in student accommodation.
OwNeRshIp
| OwNeRshIp | ||
|---|---|---|
| 50% Mirvac, 50% Springfeld Land Corporation | Limited | |
| COST / REvENUE SUMMARY | STAgE | 1(100%) |
| LAND (INCL. COsTs) | $5.7m | |
| esT. DeVeLOpMeNT, CONsTRuCTION & FINANCe COsTs | $73.2m | |
| TOTAL DeVeLOpMeNT COsTs | $78.9m | |
| FOReCAsT NeT INCOMe ON COMpLeTION | $7.1m | |
| CApITALIsATION RATe | 7.43% | |
| FOReCAsT VALue ON COMpLeTION | $95.2m | |
| pROjeCT TIMING | ||
| LAND ACQuIsITION | – | |
| DesIGN COMMeNCeMeNT | – | |
| CONsTRuCTION peRIOD | – | |
| COMpLeTION | – |
pROjeCT upDATe
sTAGe 1
Is now complete. Further stages of the project are now being planned.
0% 50%
100%
32
Analyst & Investor QLD Tour November 2007
Non-Residential Development
Ormeau Shopping Centre - Stage 1
==> picture [241 x 200] intentionally omitted <==
Ormeau Shopping Centre – Stage 1 Address: 37, 49 and 59 Eggesdorf Road, Ormeau, QLD
DesCRIpTION
A significant town centre development on the Gold Coast, South East Queensland. Stage 1 of a neighbourhood shopping centre incorporates a 3,500sqm supermarket and approximately 2,800sqm of specialty floor space.
| OwNeRshIp | |
|---|---|
| 100% Mirvac | |
| COsT / ReVeNue suMMARy | TOTAL |
| LAND (INCL. COsTs) | $11.2m |
| esT. DeVeLOpMeNT, CONsTRuCTION & FINANCe | COsTs$35.1m |
| TOTAL DeVeLOpMeNT COsTs | $46.3m |
| FOReCAsT NeT INCOMe ON COMpLeTION | – |
| CApITALIsATION RATe | – |
| FOReCAsT VALue ON COMpLeTION | $46.3m |
| pROjeCT TIMING | |
| LAND ACQuIsITION | January2007 |
| COMMeNCeMeNT DATe | December 2008 |
| DeVeLOpMeNT peRIOD | – |
| FOReCAsT COMpLeTION | November 10 |
pROjeCT upDATe
A Development Application is currently being prepared.
0% 50% 100%
33
Analyst & Investor QLD Tour November 2007
Non-Residential Development
Nambour Shopping Centre
==> picture [241 x 200] intentionally omitted <==
Nambour Shopping Centre Address: 21 - 25 Mill Street, Nambour, QLD
DesCRIpTION
The project is a development of the vacated Morton Sugar Mill in the heart of Nambour, into a sub regional shopping centre.
OwNeRshIp
100% Mirvac
| COsT/ReVeNue suMMARy | TOTAL |
|---|---|
| LAND (INCL COsTs) | $24.3m |
| esT. DeVeLOpMeNT, CONsTRuCTION & FINANCe | COsTs$86.7m |
| TOTAL DeVeLOpMeNT COsTs | $111.0m |
| FOReCAsT NeT INCOMe ON COMpLeTION | – |
| CApITALIsATION RATe | – |
| FOReCAsT VALue ON COMpLeTION | $111.0m |
| pROjeCT TIMING | |
| LAND ACQuIsITION | January07 |
| COMMeNCeMeNT DATe | December 08 |
| CONsTRuCTION peRIOD | – |
| FOReCAsT COMpLeTION | November 10 |
| pROjeCT upDATe |
Preparation of a Development Application for a sub regional shopping centre is underway.
0% 50% 100%
34
Analyst & Investor QLD Tour November 2007
Non-Residential Development
Mirvac Industrial Land Banks
This strategically located industrial portfolio of land banks is contained within the Queensland Government’s growth corridors. These sites will provide Mirvac with the ability to service the needs of major users both on a pre-lease and turn-key basis.
The control of the these land banks will provide Mirvac and its related entities with a strong pipeline of quality institutional product. The geographic diversity will provide opportunity to facilitate national relations with major warehousing (third party logistic operators), manufacturers and rail users.
portfolio summary
==> picture [420 x 164] intentionally omitted <==
----- Start of picture text -----
site Location Gross site Area status
South Pine Road, Brendale 5.74ha DA aproved – settled October 2007
DA approved – settled October 2007
Boundary Road, Mackay 32.2ha
(Negotiated Decision pending)
Beaudesert Boonah Road, Bromelton 196.4ha Approval & settlement - September 2008
Pumicestone Rd, Caboolture 64.5ha Approval & settlement - September 2009
Cunningham Hwy, Mutdapilly 266.3ha Approval & settlement - September 2009
Total 565.1ha
----- End of picture text -----
settlement schedule
==> picture [341 x 19] intentionally omitted <==
----- Start of picture text -----
site Location settlement Date
----- End of picture text -----
| site Location | settlement Date |
|---|---|
| South Pine Road, Brendale | October 2007 |
| Boundary Road, Mackay | October 2007 |
| Beaudesert Boonah Road, Bromelton | September 2008 |
| Pumicestone Road, Caboolture | September 2009 |
| Cunningham Hwy, Mutdapilly | September 2009 |
35
Analyst & Investor QLD Tour November 2007
Non-Residential Development
Location Map
==> picture [397 x 543] intentionally omitted <==
----- Start of picture text -----
Mackay Cabooluture
Brendale
Brisbane
Mutdapilly
Bromelton
Beaudesert Boonah Road
Logan Motorway
Warrego Highway
Ipswich Motorway
Logan Motorway
Ipswich Motorway
Cunningham Highway
Pacific Motorway
Mt Lindsey Highway
South East Freeway
Pacific Motorway
Centenary Highway
Gateway Motorway
Cunningham Highway
Pacific Motorway
Gateway Motorway
Mt Lindsey Highway
Bruce Highway
Gympie Road
Bruce Highway
----- End of picture text -----
36
Analyst & Investor QLD Tour November 2007
Non-Residential Development
Beaudesert Boonah Road, Bromelton
==> picture [237 x 287] intentionally omitted <==
LOCATION pLAN
Beaudesert Boonah Road, Bromelton
DesCRIpTION
Bromelton is as an emerging industrial precinct with opportunities for major transport, logistics, manufacturing and multi modal activities.
sITe ADDRess
Beaudesert – Boonah Road, Bromelton QLD. Approximately 70km south of Brisbane and 4km west of Beaudesert
GROss LAND AReA
196.42Ha
ReGIONAL pLAN
Urban Footprint (Major Development area)
ZONING
Major Industry - Current use predominately used for rural purposes
LOCAL AuThORITy
Beaudesert Shire Council
==> picture [341 x 284] intentionally omitted <==
----- Start of picture text -----
Bromelton Investments
1,400ha (1,000ha developable)
Bromelton
Station
Tiley
1076ha
Williams 58ha
$325K 1997
AJ Bush
76ha
12haResourcesDept Natural
Dunn
62ha
Beaudesert Shire Council
91haReicken Pty
Platell
168ha
Murray
212ha
Cowan
of QLDPublic Trustee 62ha
SUBJECT SITE
196HA
Buildev Site
747ha
↑
Specialised Container Transport (SCT) 135ha
Beaudesert Shire Council
Consolidated Meat Holdings - 63ha
Specialised Container Transport (SCT) 135ha
y
a
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i
a
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y
e
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y
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o
t
y
e
n
d
y
S
a
w
l
i
a
R
e
n
a
b
s
i
r
a
b
s
i
r
B
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e
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y
----- End of picture text -----
37
Analyst & Investor QLD Tour November 2007
Non-Residential Development
Beaudesert Boonah Road, Bromelton
==> picture [424 x 530] intentionally omitted <==
----- Start of picture text -----
WATER
HARVESTING
UTILITY
STAGE 2
STAGE 1
STAGE 5
STAGE 4
STAGE 6
STAGE 3
Site Boundary
----- End of picture text -----
38
Analyst & Investor QLD Tour November 2007
Non-Residential Development
Lot 226, Cunningham Highway, Mutdapilly
==> picture [239 x 193] intentionally omitted <==
LOCATION pLAN
Lot 226, Cunningham Highway, Mutdapilly
DesCRIpTION
Mutdapilly is located south west of Ipswich and on the Cunningham Highway (Major inland arterial connecting Sydney to Brisbane). The site is adjacent to a Queensland Government industrial land precinct currently under investigation for infrastructure supply; therefore presenting a significant development opportunity.
sITe ADDRess
Lot 226, Cunningham Hwy Mutdapilly QLD; approximately 60km from Brisbane CBD and 25km from the Ipswich CBD
GROss LAND AReA
266.3ha
ReGIONAL pLAN
Major Development Area
ZONING
Regional Business & Industry Investigation
LOCAL AuThORITy
Ipswich City Council
==> picture [351 x 292] intentionally omitted <==
----- Start of picture text -----
Ipswich CBD 14km Brisbane CBD
Amberley Air Base 9km 45km
Powerlink
163ha
Collex
148haState Government
Green Buffer
58ha
250haWillowbank Raceway
Cooper/SEP
45ha SEP
42ha
Edwards
22ha
SUBJECT SITE
265HA
↑
↑ ↑
State Government 133ha Sky Diving25ha
----- End of picture text -----
39
Analyst & Investor QLD Tour November 2007
Non-Residential Development
Lot 226, Cunningham Highway, Mutdapilly
==> picture [426 x 484] intentionally omitted <==
----- Start of picture text -----
‘Land Only’ Sales
Site Boundary
----- End of picture text -----
==> picture [147 x 136] intentionally omitted <==
40
Analyst & Investor QLD Tour November 2007
Non-Residential Development
133 South Pine Road, Brendale
133 So ~~u~~ th P ~~i~~ ne Road, Brendale
DesCRIpTION
Brend ~~a~~ le is an established industrial locale in the Northern Suburbs of Brisbane, which has seen significant growth in land values in recent ~~t~~ imes and offers a cost effective alternative to the more traditional markets of Banyo, Geebung and Zillmere.
sITe ADDRess
133 South Pine Road, Brendale, approximately 19km north of the Brisba ~~n~~ e CBD.
GROss LAND AReA
5.74 ha
ReGIONAL pLAN
Urban Footprint
ZONING
General Industry (GI-1) and (GI-2)
LOCAL AuThORITy
Pine Rivers Shire Council
==> picture [305 x 254] intentionally omitted <==
----- Start of picture text -----
Pradella/ Investor
85ha (62ha net)
Mixed Use - 30 Industrial Lots
2,500 - 8,000sqm, $350 - $400/sqm
SUBJECT SITE
----- End of picture text -----
41
Analyst & Investor QLD Tour November 2007
Non-Residential Development
525-597 Pumicestone Road, Caboolture
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525-597 Pumicestone Road, Caboolture
DesCRIpTION
Caboolture is located halfway between Brisbane and the Sunshine Coast presenting an opportunity to access a large land bank. The site is ideally located adjacent the Bruce Highway.
sITe ADDRess
525 – 597 Pumicestone Road, Caboolture QLD, approximately 45km (45 minutes) north of Brisbane CBD and 48km (40 minutes) south of Caloundra on the Sunshine Coast.
GROss LAND AReA
64.59ha
ReGIONAL pLAN
Regional Landscape & Rural Production Area
ZONING
Rural
LOCAL AuThORITy
Caboolture Shire Council
LOCATION pLAN
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State Forest
State Forest
Council
Reserve
SUBJECT SITE
64HA
Blatchford
91ha
Indigo
71ha
Little
18ha
‘Big Fish’
3.7ha
Dale
63ha
Caboolture Air Field 60ha
Hams Holdings 26ha
Lewis 16ha
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Analyst & Investor QLD Tour November 2007
Non-Residential Development
525-597 Pumicestone Road, Caboolture
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Site Boundary
‘Land Only’ Sales
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Analyst & Investor QLD Tour November 2007
Non-Residential Development
29, 31 & 61 Boundary Road, Mackay
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Cane Fields
Mackay
Turf
Club
Cane Fields
Rural Zoning
Cane Fields
Rural Zoning
Cane Fields
Rural Zoning
Borg 7.1ha
‘Interlink’
SUBJECT
PROPERTY
32HA
Buildev
23.3ha
54 lots ‘Central Park’
49 LotsStage 3A & 3B
33haBarry
40haFKP/Valad 18 LotsStage 1 32 LotsStage 2
Silverton Site
FKP
47 ha Balance 4 stages
further 59 lots
Feris
81ha
56 Lots‘Southgate Park’
Stockland Residential 22ha Established Industrial Area
West Hill11.5ha
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29, 31 & 61 Boundary Road, Mackay
DesCRIpTION
Mackay (Boundary Rd) offers an opportunity to capitalise on the growth driven by a number of factors including the minerals boom in central Queensland.
sITe ADDRess
29, 31 & 61 Boundary Road, Mackay QLD; approximately 4km south of Mackay CBD.
GROss LAND AReA
32.2 ha
ReGIONAL pLAN
N/A
ZONING
Industry (High Impact)
LOCAL AuThORITy
Mackay City Council; Subdivision of 30 industrial lots have been approved by Mackay City Council.
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s t a ge 1
s t a ge 2
stage 1
Site Boundary
‘Land Only’ Sales
stage 1
3
e
tag
s
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Analyst & Investor QLD Tour November 2007
Key Terms
Term
Definition
Land Land including acquisition costs Project cost Development, construction & finance costs incl. infrastructure for future stages Total development costs Land + project cost Forecast net income Estimated net income per annum on completion of the development Released Total number of lots released for sale to 30/09/07 Exchanged Total number of lots exchanged as at 30/09/07 Settled Total number of lots settled as at 30/09/07 Construction progress An estimate of construction percentage complete
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DIsCLAIMeR: The information made available through this document, including any expression of opinion or forecast, has been obtained from or based on sources believed by Mirvac Group to be reliable. Mirvac Group does not warrant the accuracy, completeness or currency of the information. Mirvac Group and its related companies will not be liable for any inaccuracies, omissions or errors in the content nor for any loss or damage arising from action taken in reliance on the information.