STOCKLAND - Fund Information / Factsheet 2016

Results built on solid foundations

PROPERTY PORTFOLIO 30 June 2016

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About
Stockland
We have a long and proud history
of creating places that meet the
needs of our customers and
communities.
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Our PrOPerty POrtfOliO

StocklAnd iS onE oF AuStrAliA’S lEAdinG divErSiFiEd ProPErty GrouPS. WE’rE ActivE in rEtAil, loGiSticS And buSinESS PArkS, oFFicE ProPErtiES, rESidEntiAl communitiES And rEtirEmEnt livinG villAGES. thiS PortFolio idEntiFiES All oF our ProPErtiES AcroSS AuStrAliA.

morE inFormAtion on StocklAnd’S ActivitiES And An onlinE vErSion oF thE PortFolio dAtA iS AvAilAblE At www.stOckland.cOm.au

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Wetherill Park, NSW
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Ervin Graf, 1952
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Our stOry

When Stockland was founded in 1952, Ervin Graf had a vision “to not merely achieve growth and profits but to make a worthwhile contribution to the development of our cities and great country”.

Pursuing that vision has seen Stockland grow to become one of Australia’s largest diversified property groups. We develop and manage retail centres, logistics and business parks, office properties, residential communities and retirement living villages. With the benefit of our diverse property skills, we connect different types of properties in shared locations, to create places that inspire people to gather, to share and to live life. We recognise our responsibilities to the environment and are a leader in sustainable business practices.

For over 60 years, we have worked hard to grow our portfolio of assets and projects. We have a long and proud history of creating places that meet the needs of our customers and communities.

Property Portfolio

cOmmercial POrtfOliO

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residential POrtfOliO

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retail

(page 9)

42 properties

1,046,629 sqm GlA Stockland’s ownership interests valued at $6.8 billion and gross book value of $7.2* billion

Reflects 100% interest

residential communities (page 45)

56 communities 76,800 lots remaining End-market value approximately $18.8 billion

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retirement POrtfOliO

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Office (page 39)

logistics & Business Parks (page 27)

9 properties 153,895 sqm nlA Stockland’s ownership interests valued at $0.8 billion and gross book value of $1.1* billion * Reflects 100% interest

27 properties

1,299,308 sqm GlA*

Stockland’s ownership interests valued at $2.0 billion and gross book value of $2.2 billion

Reflects 100% interest

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unlisted PrOPerty funds
unlisted
Property funds
(page 77)
Funds under
management
$85.3 million
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retirement living

(page 63)

70 established villages over 9,600 units development pipeline of over 3,100 units Funds employed $1.3 billion

STOCKLAND PROPERTY PORTFOLIO Jun 2016 1

australia Property Portfolio

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KEY
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retail office logistics & business Parks residential communities retirement living unlisted Property Funds

new sOuth wales sydney cBd and north shore 601 Pacific Highway 110 Walker Street 77 Pacific Highway North Sydney The Rocks 135 King Street/Glasshouse Stockland Piccadilly, 133 Castlereagh Street

KEY retail office

new sOuth wales

new sOuth wales /act

Greater sydney

Elara Altrove Castle Ridge Resort Maybrook Village Stockland Baulkham Hills Lourdes Retirement Village Forrester Distribution Centre Macquarie Park, The Willows Retirement Village B North Ryde Ryde Wonderland Drive, Stockland Balgowlah/The Village Eastern Creek Chatswood North 89 Quarry Rd, Erskine Park Parramatta Sydney Merrylands Court Stockland Cammeray 9-11a Ferndell Street, Granville Stockland Merrylands Stockland Wetherill Park Davis Road, Wetherill Park Yennora Distribution Centre

Cardinal Freeman The Residences Sydney Coopers Paddock, Warwick Farm Sydney Airport Bexley Gardens Baker St, Botany Ingleburn Distribution Centre

Willowdale Retirement Village

KEY retail

B retail macquarie technology centre logistics & business Parks 16 Giffnock Avenue residential communities optus centre, macquarie Park retirement living 60–66 Waterloo road triniti business campus

north/south coast canberra and surrounds

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Hundred Hills
Tamworth Homespace
F
E
Stockland Forster/Woolworths Forster
Golden Ponds Resort
Anambah
Lochinvar McKeachie’s Run
Newcastle
C The Village Swansea
Murrays Beach/Wallarah Peninsula
Stockland Bathurst Wamberal Gardens Retirement Village
The Cove Village
Sydney
Macarthur Gardens Retirement Village
Macquarie Grove Retirement Village
Waratah Highlands Village
Brooks Reach/Illawarra/West Dapto 2 Stockland Corrimal
Stockland Shellharbour
Shellharbour Retail Park
Stockland Nowra
Vincentia Shopping Centre
ACT
D
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KEY C E retail Stockland Green hills Queens lake village office Stockland Glendale camden view village residential communities Stockland Jesmond F retirement living Stockland Wallsend Parklands village unlisted Property Funds D lincoln Gardens retirement village 40 cameron Avenue, belconnen bellevue Gardens retirement village ridgecrest village

STOCKLAND PROPERTY PORTFOLIO Jun 2016

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Queensland Queensland
Greater
Brisbane Gold coast
Caboolture West/Ripeford Vale
Stone Ridge Newport Bahrs Scrub
Fig Tree Village Ormeau Ridge
G North Lakes Hope Island
Highland Reserve
Oxenford
Riverstone Crossing
Pacific Pines Shopping Centre
Southport
Farrington Grove Retirement Estate
Hendra Distribution Centre Export Park
Surfers Paradise
Benowa Gardens
Brisbane
Woolworths Toowong
80-88 Jephson Street,
23 and 27-29 High Street, Toowong
Stockland
Cleveland
Burleigh Central
Stockland Burleigh Heads
The Observatory
Garden Square, Mt Gravatt Greenleaves Retirement Village Burleigh Heads
Salford Waters Retirement Estate
Ipswich Pallara Pine Lake Village
Sovereign Pocket
Augustine Heights
M1 Yatala Enterprise Park
Paradise Waters Jimboomba Village Shopping Centre
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KEY
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retail office logistics & business Parks residential communities retirement living

G

north lakes north lakes business Park north lakes Enterprise Precinct north lakes retirement resort

KEY

retail

residential communities retirement living unlisted Property Funds

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Queensland Queensland
sunshine
coast far north
Noosa Heads
Cairns
Stockland Cairns
Townsville
North Shore
Stockland Townsville
Twin Waters West
Maroochydore
Mackay
Brightwater
Kawana Business Village Bokarina Beach
Lake Kawana
Birtinya Island
Bellcarra Retirement Resort Rockhampton
Stockland Rockhampton
Stockland Caloundra
Gladstone
Stockland Gladstone
Aura
Stockland Bundaberg
Caloundra Stockland Hervey Bay
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KEY retail residential communities retirement living

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KEY
retail
residential communities
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STOCKLAND PROPERTY PORTFOLIO Jun 2016

VictOria

Greater melbourne

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Cloverton
Highlands/Craigieburn/
Highlands Retirement Village Mernda Retirement Village
Eucalypt
20-50 & 76-82 Fillo Drive &
10 Stubb Street, Somerton 40 Scanlon Drive, Epping
Arilla Village Stockland Wendouree Midlands Terrace
Plenty Valley Village Melbourne
Bundoora Village
The Lakes Estate Gowanbrae Village Geelong Stockland Traralgon
Rosebud Village
Taylors Hill Village Keilor Village Gillin Park Retirement Village
Latrobe Village
Templestowe Village
Burnside Village Arve Stockland The Pines
Donvale Village
Allura Brooklyn Estate
The Grove 72-76 Cherry Ln, Laverton North Stockland Tooronga
Tarneit Skies Retirement Village Toll Business Park, Altona Cameron Close Village
Altona Distribution Centre Vermont Village Salford Park Community Village
Satellite Corporate Centre, Wantirna Village
Stockland Point Cook Mulgrave Knox Village
The Address Oak Grange
Stamford Park, Rowville
1090-1124 Centre Road, Oakleigh
Patterson Lakes Village
Selandra Rise Retirement Village
Long Island Village Clyde North
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KEY

retail

logistics & business Parks residential communities medium density retirement living

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western sOuth
australia australia
Perth and adelaide and
surrounds surrounds
Amberton
Ridgehaven Rise Seniors’ Living Community
Port Adelaide Distribution Centre
Vale Lightsview Retirement Village
Whiteman Edge The Grange Retirement Estate
Adelaide
Balcatta Distribution Centre
The Villas on Milton Avenue
K Perth Somerton Park Seniors’ Living Community
Stockland Riverton The Villas in Brighton
Stockland Bull Creek Salford Retirement Estate
Unity Retirement Village
Calleya Newhaven/Stockland Harrisdale Walnut Grove Retirement Estate Hillsview Retirement Village
Sienna Wood
L Baldivis
Stockland Baldivis
Halls Head Murray River Village
Village
Bay Village Retirement Estate
Leschenault Village
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KEY
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retail office residential communities retirement living logistics & business Parks

K

L

263 Adelaide terrace baldivis town centre river Parks village Settlers hills townside river Pines village Affinity village 2 victoria Ave

KEY

retirement living logistics & business Parks

STOCKLAND PROPERTY PORTFOLIO Jun 2016

retail cOmmercial POrtfOliO

WEThERILL PARK, NSW

WEthERill PaRk haS REcENtly uNdERGoNE a $228 millioN REdEvEloPmENt With StaGE tWo comPlEtEd iN dEcEmbER 2015. thE NEW look cENtRE NoW fEatuRES colES, WoolWoRthS, biG W, a REfuRbiShEd taRGEt; NiNE miNi-majoRS aNd 200 SPEcialtiES. it alSo iNcludES aN ENtERtaiNmENt, diNiNG aNd lEiSuRE PREciNct With a REfuRbiShEd 12 ScREEN hoytS ciNEma, 24 houR Gym aNd a RaNGE of alfRESco diNiNG oPtioNS. thE REfuRbiShmENt of thE fRESh food PREciNct iS thE fiNal StaGE of thE dEvEloPmENt, Which Will bE comPlEtEd iN SEPtEmbER 2016.

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retail cOmmercial POrtfOliO

retail

Stockland is one of the largest retail property owners, developers and managers in Australia. At 30 June 2016 the portfolio comprises 42 retail centres with Stockland’s ownership interests valued at $6.8 billion and gross book value of $7.2 billion. the properties accommodate more than 3,500 tenants and generate in excess of $6.6 billion in retail sales per annum.

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Wetherill Park, nSW

Lease expiry profile %*

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2 11 11 11 8 57
includes non-comparable development Gla
vacant Fy
17 18 19 20 21+
Geographic split %
56 11 27 6
nSW vic Qld WA
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STOCKLAND PROPERTY PORTFOLIO Jun 2016

retail cOmmercial POrtfOliO

hARRISDALE, WA

haRRiSdalE iS a bRaNd NEW NEiGhbouRhood cENtRE oPENEd iN juNE 2016. it iS locatEd WithiN thE StocklaNd NEWhavEN RESidENtial commuNity, 20 kilomEtRES SouthEaSt of thE PERth cbd. thE cENtRE iS aNchoREd by WoolWoRthS aNd aldi, tWo miNimajoRS, 27 SPEcialty StoRES aNd 5 kioSkS With a StRoNG focuS oN REtail SERvicES aNd food iNcludiNG aN alfRESco diNiNG PREciNct.

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retail cOmmercial POrtfOliO

Retail Portfolio as at 30 June 2016

								Annual sales	Specialty
				Book value	FY16 AIFRS	Funds from	% of Retail	June 2016	occupancy	Specialty
Page	Property	Location	GLA (m2)	($m)	NOI ($m)	operations ($m)	Portfolio	($m)	costs (%)**	sales ($/m2)***
12	Stockland Shellharbour	nSW	76,130	700.1	33.3	39.0	10.4	425.3	16.7	9,093
12	Shellharbour retail Park	nSW	22,145	53.3	3.9	3.9	0.8	134.5	10.8	3,706
12	Stockland Wetherill Park	nSW	71,356	685.1	31.7	32.7	10.1	312.2^^	n/A	n/A
13	Stockland merrylands	nSW	59,386	537.1	26.9	31.8	7.9	365.3	16.7	8,996
–	Stockland merrylands court	nSW	3,556	10.2	0.2	0.3	0.2	n/A	n/A	n/A
13	Stockland rockhampton	Qld	56,284	406.1	22.4	24.2	6.0	354.9	15.5	9,552
13	Stockland Green hills	nSW	41,590	354.2	20.0	20.2	5.2	325.1	n/A	n/A
14	Stockland Glendale	nSW	55,131	300.6	18.8	19.7	4.4	314.7	15.7	8,488
14	Stockland cairns	Qld	47,685	235.4	12.4	13.5	3.5	239.2	14.0	9,399
14	Stockland Point cook	vic	43,108	230.3	13.9	14.6	3.4	200.6^^	n/A	n/A
15	Stockland townsville#^	Qld	60,904*	227.5	11.1	13.1	3.4	351.7	17.4	8,700
15	Stockland baldivis	WA	31,081	200.3	10.7	11.3	3.0	224.1^^	n/A	n/A
15	Stockland herveybay	Qld	36,896	195.3	8.6	9.8	2.9	180.4^^	n/A	n/A
16	Stockland burleigh heads	Qld	26,752	170.5	10.4	11.5	2.5	182.9	12.8	8,996
–	Stockland burleigh central	Qld	7,914	20.4	1.4	1.6	0.3	14.5	n/A	n/A
16	Stockland the Pines	vic	25,074	170.4	11.4	12.1	2.5	173.9	18.6	7,853
16	Stockland Forster*	nSW	38,901	167.1	10.7	11.3	2.5	233.7	12.0	9,284
17	Stockland Jesmond	nSW	19,995	160.6	10.0	10.7	2.4	156.3	13.9	10,529
17	Stockland Wendouree	vic	25,109	148.5	9.1	9.9	2.2	177.5	14.0	8,877
17	Stockland balgowlah	nSW	12,954	148.2	8.3	9.0	2.2	152.9	14.2	8,725
18	Stockland baulkham hills	nSW	18,096	145.2	8.9	9.5	2.1	147.3	15.0	6,622
18	Stockland Gladstone	Qld	27,465	142.1	10.1	10.4	2.1	197.0	13.9	12,670
18	Stockland bundaberg	Qld	22,802	138.9	5.6	5.7	2.1	174.3	11.8	10,816
19	Stockland caloundra/Stockland South	Qld	22,166	126.8	7.9	8.2	1.9	179.3	10.8	12,471
19	Stockland nowra	nSW	15,978	120.2	7.3	7.7	1.8	148.2	12.7	12,400
19	Stockland traralgon	vic	19,611	107.8	7.3	7.7	1.6	127.9	14.7	8,508
20	Stockland bull creek	WA	16,900	103.0	6.4	7.0	1.5	108.6	14.8	9,406
20	Stockland cleveland	Qld	15,482	102.7	7.1	7.3	1.5	146.7	13.8	8,027
20	Stockland bathurst	nSW	19,305	94.7	6.3	6.6	1.4	106.2	12.6	9,786
21	Stockland corrimal	nSW	9,795	75.2	4.8	5.1	1.1	98.4	14.5	8,035
21	Stockland Wallsend	nSW	11,921	70.7	4.9	5.2	1.0	98.5	10.3	7,598
21	Glasshouse - 135 kingStreet,Sydney^	nSW	5,822	64.7	1.9	1.9	1.0	n/A	n/A	n/A
22	Stockland riverton^	WA	19,741	64.5	4.6	4.5	1.0	145.0	14.0	8,235
22	Stockland tooronga	vic	9,009	63.0	3.3	3.9	0.9	110.1	13.9	7,772
22	Stockland harrisdale	WA	11,998	47.7	0.2	0.2	0.7	n/A	n/A	n/A
23	Stockland cammeray	nSW	4,792	45.4	2.4	2.8	0.7	27.7	14.8	8,198
23	Stockland Piccadilly^	nSW	2,999	35.6	2.1	2.3	0.5	29.2	25.9	7,951
23	Stockland highlands	vic	7,766	34.0	1.9	2.1	0.5	47.3	11.2	6,894
24	Stockland north Shore	Qld	5,207	23.0	1.1	1.4	0.3	52.4	6.6	10,024
24	Jimboomba village Shoppingcentre^	Qld	11,449*	14.0	1.4	1.5	0.2	49.9	8.1	8,753
24	Stockland vincentia Shoppingcentre	nSW	4,099	10.7	1.0	1.0	0.2	45.4	8.5	6,006
25	Woolworths toowong	Qld	2,275	6.6	0.2	0.2	0.1	n/A	n/A	n/A
			1,046,629	6,757.7	371.9	402.4	100.0

includes townsville kmart centre.

Excludes adjacent land holdings.
** only includes tenants which have been trading for 24 months or more.
*** this is based on the mla calculation.
^ book value represents Stockland’s 50% ownership.

Nb Excludes capital works in progress and sundry properties.

STOCKLAND PROPERTY PORTFOLIO Jun 2016 11

^^ transitional mat

retail cOmmercial POrtfOliO

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Stockland Shellharbour

Shellharbour is located on the south coast of nSW and is the largest regional shopping centre located within the trade area. it includes myer, kmart, target, coles, Woolworths, 14 mini-majors and over 230 specialty stores. the centre boasts an alfresco dining precinct, children’s play area and five star parents’ facilities, while the retail mix offers a strong fresh food, fashion and service provision. A redevelopment of the dining precinct to include an additional two restaurants is due to open September 2016. there are 2.8 hectares of additional land for future development.

Location: Shellharbour, NSW

Location: Shellharbour, NSW
acquisition date:	jun 2003
ownership/title:	100%/freehold
cost includingadditions:	$484.2 million

Last independent valuation
date:	dec 2015
valuation:	$700.0 million
valuation $/m2:	$9,195/m²
capitalisation rate:	5.75%
discount rate:	8.00%
carparkingspaces:	3,645
Gross lettable area:	76,130m2
annual sales:	$425.3 million
Specialtyoccupancycost:	16.7%
Weighted average lease expiry:	9.6years
NabERS:	4.5(Energy)1.5(Water)
Green Star rating:	4.0(as built)2.0(Performance)

Major tenants	GLA(m2)	Lease expiry
myer	11,939	may2038
kmart	6,500	may2032
coles	4,500	may2032
Woolworths	3,870	dec 2032
target	7,171	jul 2025

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Shellharbour Retail Park

Shellharbour retail Park is a strategically significant property located on a 7.5 hectare site, which is in close proximity to Stockland Shellharbour. this successful retail park development is anchored by Woolworths, dan murphy’s, toys r us and bunnings Warehouse.

Location: Shellharbour, NSW

Location: Shellharbour, NSW
acquisition date:	jun 2003
ownership/title:	100%/freehold
cost includingadditions:	$42.9 million

Last independent valuation

Last independent valuation
date:	dec 2015
valuation:	$53.0 million
valuation $/m2:	$2,393/m²
capitalisation rate:	7.75%
discount rate:	9.00%
carparkingspaces:	741
Gross lettable area:	22,145m2
annual sales:	$134.5 million
Specialtyoccupancycost:	10.8%
Weighted average lease expiry:	2.9years
NabERS:	Na
Green Star rating:	4.0(design)

Major tenants	GLA(m2)	Lease expiry
bunnings	7,762	feb 2018
Woolworths	4,370	Nov 2018
dan murphy’s	1,500	Sep2025

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Stockland Wetherill Park

Wetherill Park has recently undergone a $228 million redevelopment with stage two completed in december 2015. the new look centre now features coles, Woolworths, big W, a refurbished target; nine mini-majors and 200 specialties. it also includes an entertainment, dining and leisure precinct with a refurbished 12 screen hoyts cinema, 24 hour gym and a range of alfresco dining options. the refurbishment of the Fresh Food precinct is the final stage of the development, which will be completed in September 2016.

Location: Western Sydney, NSW

Location: Western Sydney, NSW
acquisition date:	aug1983
ownership/title:	100%/freehold
cost includingadditions:	$331.7 million

Last independent valuation
date:	dec 2011
valuation:	$358.0 million
valuation $/m2:	$6,534/m²##
capitalisation rate:	6.75%
discount rate:	9.00%
carparkingspaces:	2,637
Gross lettable area:	71,356m2
annual sales:	$312.2 million^^
Specialtyoccupancycost:	N/a
Weighted average lease expiry:	7.6years
NabERS:	Na
Green Star rating:	5.0(design)

Major tenants	GLA(m2)	Lease expiry
bigW	8,097	jun 2025
target	7,020	jul 2028
hoyts	4,613	Nov 2043
Woolworths	4,346	jun 2021
coles	4,193	dec 2035

Lease expiry profile %

1 11 8 8 5 67

Nb includes vacancies held for remix

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2 49 24 25
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4 4 4 13 7 68
Nb includes vacancies held for development^^ transitional mat
Pre-development valuation

vacant Fy

17 18 19 20 21+

retail cOmmercial POrtfOliO

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~~Stockland Merrylands~~

merrylands is a regional shopping centre located 25 kilometres west of the Sydney cbd and has serviced the local community since 1972. the centre includes six major retailers, Aldi, coles, Woolworths, big W, kmart and target. there are also five mini-majors and over 200 specialty stores. the centre is adjacent to our 1.24 hectare merrylands court site where a mixed used dA has been submitted.

Location: Merrylands, NSW

Location: Merrylands, NSW
acquisition date:	Sep1982
ownership/title:	100%/freehold
cost includingadditions:	$426.0 million

Last independent valuation
date:	dec 2015
valuation:	$540.0 million
valuation $/m2:	$9,093/m²
capitalisation rate:	5.75%
discount rate:	8.00%
carparkingspaces:	3,000
Gross lettable area:	59,386m2
annual sales:	$365.3 million
Specialtyoccupancycost:	16.7%
Weighted average lease expiry:	8.5years
NabERS:	Na
Green Star rating:	5.0(design)

Major tenants	GLA(m2)	Lease expiry
bigW	7,900	oct 2032
kmart	7,159	Nov 2023
target	6,088	Nov 2028
coles	4,424	Nov 2031
Woolworths	3,820	oct 2032

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~~Stockland Rockhampton~~

rockhampton is the largest shopping centre between maroochydore and mackay and includes Woolworths, coles, kmart, big W, 11 mini-majors and 168 specialty stores. the centre also includes an extensive mix of national and local retailers, plus birch carroll and coyle cinemas, Sizzler, a Fitness centre, a swim school and a medical centre. the centre has recently opened a new all-weather casual dining precinct incorporating six food specialty retailers including GyG, burger urge, max brenner, rozzi’s italian canteen, Schnitz and Gelatissimo.

Location: Rockhampton, Qld

Location: Rockhampton, Qld
acquisition date:	jun 2003
ownership/title:	100%/freehold
cost includingadditions:	$272.6 million

Last independent valuation
date:	jun 2015
valuation:	$404.0 million
valuation $/m2:	$7,178/m²
capitalisation rate:	6.00%
discount rate:	8.50%
carparkingspaces:	3,015
Gross lettable area:	56,284m2
annual sales:	$354.9 million
Specialtyoccupancycost:	15.5%
Weighted average lease expiry:	5.1years
NabERS:	3.5(Energy)2.5(Water)
Green Star rating:	2.0(Performance)

Major tenants	GLA(m2)	Lease expiry
bigW	8,211	Nov 2028
kmart	6,000	aug2024
Woolworths	4,223	aug2020
coles	3,642	aug2024
birch carroll and coyle cinemas	3,392	dec 2018

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Stockland Green hills

this strongly performing centre includes Woolworths, coles, big W, a food court and 90 specialty stores and is ranked number one in Australia for specialty mAt/sqm in the Shopping centre news little Guns 2015. Work has commenced on a $372 million expansion of the centre, which allows for a brand new david Jones, target, up to eight mini-majors, outdoor dining precinct, with over 230 specialty stores and expanding to 3,100 parking spaces upon completion early 2018. A dA was secured in may 2016 for the establishment of a full scale cinema.

Location: East Maitland, NSW

Location: East Maitland, NSW
acquisition date:	dec 2000
ownership/title:	100%/freehold
cost includingadditions:	$152.4 million

Last independent valuation
date:	Sep2015
valuation:	$354.0 million
valuation $/m2:	$11,122/m²##
capitalisation rate:	5.75%
discount rate:	8.00%
carparkingspaces:	1,172
Gross lettable area:	41,590m2
annual sales:	$325.1 million
Specialtyoccupancycost:	N/a
Weighted average lease expiry:	5.4years
NabERS:	3.5(Energy)3.0(Water)
Green Star rating:	3.0(Performance)

Major tenants	GLA(m2)	Lease expiry
bigW	8,024	Sep2022
Woolworths	4,871	Sep2022
coles	3,702	Sep2017

Lease expiry profile %

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5 11 17 12 64

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Pre-development valuation

STOCKLAND PROPERTY PORTFOLIO Jun 2016

retail cOmmercial POrtfOliO

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Stockland Glendale

located on the northern fringe of lake macquarie, Glendale was the first of the true super centre outdoor shopping concepts combining retail, leisure and entertainment on a large 19.6 hectare site. the retail mix includes kmart, target, Aldi, coles, Woolworths, Event cinemas, harris Farm markets, Jb hi-Fi, trade Secret, 84 specialty stores and is complemented by approximately 2,300 car parking spaces on one single level. A dA has been approved for redevelopment to expand the centre by 7,700 sqm.

Location: Newcastle, NSW

acquisition date:				mar 1996
ownership/title:				100%/freehold
cost includingadditions:				$104.4 million

Last independent valuation
date:				dec 2015
valuation:				$298.5 million
valuation $/m2:				$5,414/m²
capitalisation rate:				6.25%
discount rate:				8.00%
carparkingspaces:				2,312
Gross lettable area:				55,131m2
annual sales:				$314.7 million
Specialtyoccupancycost:				15.7%
Weighted average lease expiry:				4.1years
NabERS:				6.0(Energy)3.5(Water)
Green Star rating:				3.0(Performance)

Major tenants				GLA(m2)	Lease expiry
target				8,522	jul 2021
kmart				6,425	Nov 2020
coles				5,109	mar 2026
Woolworths				4,952	mar 2026
Events cinemas				5,324	dec 2016
Lease expiry profle %
1 28	4	5	6	56

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Stockland Cairns

located on the main southern arterial road accessing cairns, the centre occupies an 11 hectare site. the centre includes a brand new harris Scarfe, coles, a recently refurbished target, big W, Woolworths, 110 specialty stores, a 750 seat food court and a six screen cinema.

Location: Cairns, Qld

Location: Cairns, Qld
acquisition date:	jun 1992
ownership/title:	100%/freehold
cost includingadditions:	$187.0 million

Last independent valuation
date:	dec 2015
valuation:	$230.0 million
valuation $/m2:	$4,823/m²
capitalisation rate:	6.00%
discount rate:	8.00%
carparkingspaces:	2,381
Gross lettable area:	47,685m2
annual sales:	$239.2 million
Specialtyoccupancycost:	14.0%
Weighted average lease expiry:	6.9years
NabERS:	4.0(Energy)4.0(Water)
Green Star rating:	3.0(Performance)

Major tenants	GLA(m2)	Lease expiry
bigW	8,259	jun 2024
target	4,730	jul 2022
Woolworths	4,254	jun 2036
coles	3,698	mar 2029
birch carroll and coyle cinemas	3,184	Nov 2021

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Stockland Point Cook

Point cook is a sub-regional centre located in the Wyndham region, 21 kilometres west of the melbourne cbd. the centre is anchored by target, coles, Woolworths, Aldi, dan murphy’s, rebel Sport, ten mini-majors, 119 specialty stores and 19 commercial suites. the centre is located in one of melbourne’s fastest growing population corridors. the centre has grown to 43,108 sqm with the recent addition of Woolworths, specialties and a new kFc restaurant.

Location: Point Cook, Vic

Location: Point Cook, Vic
acquisition date:	jun 2011
ownership/title:	100%/freehold
cost includingadditions:	$216.2 million

Last independent valuation
date:	dec 2015
valuation:	$229.5 million
valuation $/m2:	$5,324/m²
capitalisation rate:	6.25%
discount rate:	8.25%
carparkingspaces:	1,729
Gross lettable area:	43,108m2
annual sales:	$200.6 million^^
Specialtyoccupancycost:	N/a
Weighted average lease expiry:	6.8years
NabERS:	2.5(Energy)4.0(Water)
Green Star rating:	Na

Major tenants	GLA(m2)	Lease expiry
target	6,500	aug2028
coles	4,008	aug2028
aldi	1,300	aug2018
Woolworths	3,995	aug2035

2 13 6 20 6 53 ^^Nb includes vacancies held for developmenttransitional mat

vacant Fy

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~~Stockland Townsville~~

the centre is located in the geographical heart of townsville and houses the region’s only full-line myer department store. the retail precinct includes the townsville and nathan Street centres, featuring Woolworths and big W in the townsville centre and coles and kmart in the nathan Street centre. Along with six mini-majors, a 750-seat Food court and over 180 specialty stores. A first stage dA for the creation of an entertainment and lifestyle precinct was approved in may 2014.

Location: Townsville, Qld

Location: Townsville, Qld
acquisition date:	jun 1987/mar 2012
ownership/title:	50%/freehold
cost includingadditions:	$168.6 million

Last independent valuation
date:	dec 2015
valuation:	$229.0 million
valuation $/m2:	$7,520/m²^
capitalisation rate:	6.00%-6.75%
discount rate:	8.00%-8.25%
carparkingspaces:	1,991
Gross lettable area:	60,904m2*
annual sales:	$351.7 million
Specialtyoccupancycost:	17.4%
Weighted average lease expiry:	9.2years
NabERS:	3.5(Energy)4.0(Water)
Green Star rating:	4.0(as built)2.0(Performance)

Major tenants	GLA(m2)	Lease expiry
myer	12,023	oct 2037
bigW	7,205	jun 2034
Woolworths	4,200	dec 2031
kmart	7,416	Sep2021
coles	3,377	jul 2018

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~~Stockland Baldivis~~

baldivis is located within one of the strongest growth corridors in Western Australia. the centre sits within the Settlers hills residential community, directly opposite the Affinity retirement village, as part of a Stockland masterplanned community. redevelopment of the centre was completed in mid-2015. the centre includes a full-line coles, Woolworths, kmart, two mini-majors, 95 specialty stores, a 275 seat indoor/outdoor dining terrace, and main street restaurant precinct. there are 8.6 hectares of land available for future development.

Location: Baldivis, WA

Location: Baldivis, WA
acquisition date:	aug2006
ownership/title:	100%/freehold
cost includingadditions:	$141.9 million

Last independent valuation
date:	dec 2015
valuation:	$200.0 million
valuation $/m2:	$6,435/m²
capitalisation rate:	6.00%
discount rate:	8.00%
carparkingspaces:	1,350
Gross lettable area:	31,081m2
annual sales:	$224.1 million^^
Specialtyoccupancycost:	N/a
Weighted average lease expiry:	10.7years
NabERS:	Na
Green Star rating:	4.0(as built)

Major tenants GLA (m[2] ) Lease expiry coles 4,119 Sep 2029 Woolworths 4,097 may 2035 kmart 5,990 mar 2035

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Stockland hervey Bay

hervey bay is a single level sub-regional shopping centre located on the Fraser coast, 300 kilometres north of brisbane. the centre is anchored by target, kmart, coles, Supa iGA, Spotlight and 104 specialty stores. A 20,000 sqm expansion successfully opened in 2015. A second stage dA has been approved to add another supermarket, an entertainment leisure precinct and associated specialties. the centre is the largest fully enclosed air conditioned mall between rockhampton and maroochydore.

Location: hervey Bay, Qld

Location: hervey Bay, Qld
acquisition date:	apr 2011
ownership/title:	100%/freehold
cost includingadditions:	$185.6 million

Last independent valuation
date:	jun 2015
valuation:	$195.0 million
valuation $/m2:	$5,285/m²
capitalisation rate:	6.25%
discount rate:	8.25%
carparkingspaces:	1,682
Gross lettable area:	36,896m2
annual sales:	$180.4 million^^
Specialtyoccupancycost:	N/a
Weighted average lease expiry:	8.6years
NabERS:	4.5(Energy)4.5(Water)
Green Star rating:	4.0(as built)

Major tenants	GLA(m2)	Lease expiry
target	5,592	jan 2023
kmart	5,598	jul 2034
coles	4,000	jul 2034
Supa iGa	2,349	mar 2020

Lease expiry profile %

4 6 13 10 7 60

Nb includes vacancies held for remix

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^ 100% interest
** includes the townsville kmart centre

STOCKLAND PROPERTY PORTFOLIO Jun 2016 15

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~~Stockland Burleigh heads~~

burleigh heads is a fully enclosed, single level shopping centre located on the Gold coast, 80 kilometres south of brisbane. Situated near the intersection of two arterial roads, the centre is anchored by big W, Woolworths and Aldi. the centre also includes best & less, the reject Shop and 105 specialty stores. A dA was submitted may 2016 for the inclusion of a mini-major.

Location: Burleigh heads, Qld
acquisition date:	aug2003
ownership/title:	100%/freehold
cost includingadditions:	$127.3 million

Last independent valuation
date:	dec 2015
valuation:	$170.0 million
valuation $/m2:	$6,355/m²
capitalisation rate:	6.75%
discount rate:	8.25%
carparkingspaces:	1,446
Gross lettable area:	26,752m2
annual sales:	$182.9 million
Specialtyoccupancycost:	12.8%
Weighted average lease expiry:	5.9years
NabERS:	3.5(Energy)5.0(Water)
Green Star rating:	3.0(Performance)

Major tenants	GLA(m2)	Lease expiry
bigW	6,673	mar 2025
Woolworths	4,356	apr 2026
aldi	1,745	apr 2024

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Stockland The Pines

the Pines is strategically located in one of melbourne’s strong socio-economic trade areas. the retail mix includes coles, Aldi, Woolworths, target, and over 100 specialty stores. the centre is well regarded within the community for its high level of convenience, complemented by representation from the major banks, Australia Post, a medical clinic and a 200-seat food court.

Location: Doncaster East, Vic

Location: Doncaster East, Vic
acquisition date:	Nov 2004
ownership/title:	100%/freehold
cost includingadditions:	$135.6 million

Last independent valuation
date:	dec 2015
valuation:	$170.0 million
valuation $/m2:	$6,780/m²
capitalisation rate:	6.25%
discount rate:	8.00%
carparkingspaces:	1,440
Gross lettable area:	25,074m2
annual sales:	$173.9 million
Specialtyoccupancycost:	18.6%
Weighted average lease expiry:	5.3years
NabERS:	2.5(Energy)3.0(Energy)
Green Star rating:	Na

Major tenants	GLA(m2)	Lease expiry
target	6,829	jul 2022
Woolworths	3,830	jul 2024
coles	3,197	oct 2024
aldi	1,406	oct 2019

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Stockland Forster

Forster is located on the mid-north coast of nSW and includes coles, Woolworths, Aldi, kmart and target country. the centre has 69 specialty stores, an outdoor take-away food/café precinct, children’s play area and fully equipped parents’ room. the adjoining retail park includes large format retail tenancies including bunning’s Warehouse.

Location: Forster, NSW

Location: Forster, NSW
acquisition date:	jul 2003/may2010
ownership/title:	100%/freehold
cost includingadditions:	$117.4 million

Last independent valuation
date:	dec 2015
valuation:	$167.0 million
valuation $/m2:	$4,293/m²
capitalisation rate:	6.50%
discount rate:	8.50%
carparkingspaces:	1,196
Gross lettable area:	38,901m2
annual sales:	$233.7 million
Specialtyoccupancycost:	12.0%
Weighted average lease expiry:	3.0years
NabERS:	6.0(Energy)4.5(Water)
Green Star rating:	3.0(Performance)

Major tenants	GLA(m2)	Lease expiry
bunnings	8,310	mar 2019
kmart	5,838	jan 2020
coles	4,083	jan 2020
Woolworths	3,800	Nov 2020
target country	1,487	Nov 2016

Lease expiry profile %

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~~Stockland Jesmond~~

located in the suburb of Jesmond, newcastle, the centre is constructed on five hectares and anchored by Woolworths, Aldi and big W as well as 75 specialty stores. A brand new casual dining precinct opened in march 2015 together with a new medical precinct. the centre is supported by extensive car parking, a new parents’ room and public transport facilities. the centre is located in close proximity to the university of newcastle.

Location: Newcastle, NSW

Location: Newcastle, NSW
acquisition date:	feb 1984
ownership/title:	100%/freehold
cost includingadditions:	$59.0 million

Last independent valuation
date:	dec 2015
valuation:	$160.0 million
valuation $/m2:	$8,002/m²
capitalisation rate:	6.50%
discount rate:	8.00%
carparkingspaces:	900
Gross lettable area:	19,995m2
annual sales:	$156.3 million
Specialtyoccupancycost:	13.9%
Weighted average lease expiry:	9.8years
NabERS:	4.5(Energy)2.0(Water)
Green Star rating:	3.0(Performance)

Major tenants	GLA(m2)	Lease expiry
bigW	7,944	jun 2029
Woolworths	3,053	jun 2035
aldi	1,473	jun 2025

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~~Stockland Wendouree~~

located in the historic city of ballarat, 110 kilometres west of melbourne, this sub-regional shopping centre includes kmart, coles, Woolworths, plus 80 specialty stores. the centre also includes a fully equipped parents’ room and the regional library. Additional land surrounding Wendouree allows for future development. A dA was approved in mid 2016 which will include a new 4,000 sqm supermarket, additional specialties and a new casual dining precinct.

Location: Wendouree, Vic

Location: Wendouree, Vic
acquisition date:	jun 2003
ownership/title:	100%/freehold
cost includingadditions:	$76.6 million

Last independent valuation
date:	dec 2015
valuation:	$148.0 million
valuation $/m2:	$5,894/m²
capitalisation rate:	6.50%
discount rate:	8.00%
carparkingspaces:	1,109
Gross lettable area:	25,109m2
annual sales:	$177.5 million
Specialtyoccupancycost:	14.0%
Weighted average lease expiry:	7.2years
NabERS:	4.0(Energy)4.5(Water)
Green Star rating:	Na

Major tenants GLA (m[2] ) Lease expiry kmart 7,831 oct 2028 coles 3,252 aug 2022 Woolworths 3,463 Nov 2020

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Stockland Balgowlah

located in the northern suburbs of Sydney, the centre occupies 13,000 sqm of a mixed-use development with 240 residential apartments. the centre includes a coles supermarket, harbord Growers market, Platinum Fitness First and 60 specialty stores, including a quality fresh food market, a fashion precinct and 714 retail car parking spaces. the second level is an open air plaza with a number of restaurants and service offerings. recent remixing has added high end fashion apparel to the centre.

Location: Balgowlah, NSW

acquisition date: jun 2009/Nov 2009 ownership/title: 100%/freehold cost including additions: $133.1 million Last independent valuation date: dec 2015 valuation: $148.0 million valuation $/m[2] : $11,425/m² capitalisation rate: 6.00% discount rate: 8.00% car parking spaces: 714 Gross lettable area: 12,954m[2] annual sales: $152.9 million Specialty occupancy cost: 14.2% Weighted average lease expiry: 7.1 years NabERS: Na Green Star rating: Na Major tenants GLA (m[2] ) Lease expiry coles 4,443 jun 2029

Lease expiry profile %

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STOCKLAND PROPERTY PORTFOLIO Jun 2016 17

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Stockland Baulkham hills

baulkham hills is conveniently located near the intersection of two arterial roads within the hills Shire; 30 kilometres north-west of the Sydney cbd. the centre includes Woolworths, coles, Aldi, harris Farm markets, over 70 specialty stores and services, 831 car parking spaces, an outdoor children’s play area and a fully equipped parents’ room.

Location: Baulkham hills, NSW

Location: Baulkham hills, NSW
acquisition date:	Sep1982
ownership/title:	100%/freehold
cost includingadditions:	$92.4 million

Last independent valuation
date:	dec 2015
valuation:	$145.0 million
valuation $/m2:	$8,013/m²
capitalisation rate:	6.25%
discount rate:	8.00%
carparkingspaces:	831
Gross lettable area:	18,096m2
annual sales:	$147.3 million
Specialtyoccupancycost:	15.0%
Weighted average lease expiry:	5.8years
NabERS:	4.0(Energy)0.0(Water)
Green Star rating:	2.0(Performance)

Major tenants	GLA(m2)	Lease expiry
Woolworths	3,855	jul 2027
coles	3,034	jun 2027
aldi	1,385	dec 2021

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Stockland Gladstone

Gladstone is located on the dawson highway and is the only major shopping centre in the region. the property comprises of a coles, Woolworths, kmart, big W, target and 47 specialty stores. over 3.2 hectares of rezoned land borders the property, with a dA approved to redevelop over 26,000 sqm.

Location: Gladstone, Qld

Location: Gladstone, Qld
acquisition date:	oct 2000
ownership/title:	100%/freehold
cost includingadditions:	$89.5 million

Last independent valuation
date:	dec 2015
valuation:	$140.2 million
valuation $/m2:	$5,105/m²
capitalisation rate:	7.00%
discount rate:	8.25%
carparkingspaces:	1,303
Gross lettable area:	27,465m2
annual sales:	$197.0 million
Specialtyoccupancycost:	13.9%
Weighted average lease expiry:	1.2years
NabERS:	4.5(Energy)3.0(Water)
Green Star rating:	3.0(Performance)

Major tenants	GLA(m2)	Lease expiry
kmart	6,687	Sep2017
bigW	7,203	aug2021
Woolworths	3,609	aug2021
coles	2,995	Sep2017
target	1,481	Sep2017

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Stockland Bundaberg

100% ownership of this centre is now secured. it is anchored by Woolworths, big W, Jb hi-Fi, best & less and 63 specialty stores. in addition, a Stage 1 development has commenced on an adjoining Stockland site opposite the centre, anchored by coles.

Location: Bundaberg, Qld

Location: Bundaberg, Qld
acquisition date:	oct 2014
ownership/title:	100%/freehold
cost includingadditions:	$123.9 million

Last independent valuation
date:	dec 2015
valuation:	$138.9 million
valuation $/m2:	$6,092/m²
capitalisation rate:	6.50%
discount rate:	8.00%
carparkingspaces:	1,311
Gross lettable area:	22,802m2
annual sales:	$174.3 million
Specialtyoccupancycost:	11.8%
Weighted average lease expiry:	9.1years
NabERS:	5.0(Energy)4.0(Water)
Green Star rating:	3.0(Performance)

Major tenants	GLA(m2)	Lease expiry
bigW	8,173	Sep2036
Woolworths	4,184	Sep2018

Lease expiry profile %

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Stockland Caloundra/Stockland South

caloundra is located within the southern part of the Sunshine coast in a population growth corridor. the main centre includes a coles, kmart and 48 specialty stores and there is over one hectare of land adjacent for future expansion. opposite the centre is Stockland South, a neighbourhood shopping centre anchored by Woolworths and five specialty stores. A dA is being documented for the creation of an entertainment and leisure precinct.

Location: Caloundra, Qld

Location: Caloundra, Qld
acquisition date:	jun 2003/dec 2009
ownership/title:	100%/freehold
cost includingadditions:	$81.7 million

Last independent valuation
date:	dec 2015
valuation:	$126.5 million
valuation $/m2:	$5,707/m²
capitalisation rate:	6.50%
discount rate:	8.00%-8.25%
carparkingspaces:	1,141
Gross lettable area:	22,166m2
annual sales:	$179.3 million
Specialtyoccupancycost:	10.8%
Weighted average lease expiry:	4.6years
NabERS:	Na
Green Star rating:	Na

Major tenants GLA (m[2] ) Lease expiry kmart 7,075 mar 2018 Woolworths 4,288 dec 2029 coles 3,957 jul 2020

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~~Stockland Nowra~~

nowra is a sub-regional centre conveniently located on the Princes highway, a major arterial road, 160 kilometres south of Sydney. the centre is anchored by kmart, Woolworths and 48 specialty stores. the centre has six hectares of zoned land adjacent to the site with development approval.

Location: Nowra, NSW

acquisition date: jun 2003 ownership/title: 100%/freehold cost including additions: $69.8 million Last independent valuation date: dec 2015 valuation: $117.7 million valuation $/m[2] : $7,366/m² capitalisation rate: 6.50% discount rate: 8.25% car parking spaces: 821 Gross lettable area: 15,978m[2] annual sales: $148.2 million Specialty occupancy cost: 12.7% Weighted average lease expiry: 6.6 years NabERS: 4.5 (Energy) 4.5 (Water) Green Star rating: 3.0 (Performance)

Major tenants GLA (m[2] ) Lease expiry kmart 7,190 Nov 2018 Woolworths 4,230 july 2035

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Stockland Traralgon

traralgon is located in the latrobe valley region of victoria, 160 kilometres east of melbourne. the centre is anchored by coles and kmart and has 50 specialty stores. the majority of the car parking is undercover.

Location: Traralgon, Vic

acquisition date: jun 2003 ownership/title: 100%/freehold cost including additions: $53.8 million Last independent valuation date: dec 2015 valuation: $106.6 million valuation $/m[2] : $5,436/m² capitalisation rate: 6.75% discount rate: 8.50% car parking spaces: 750 Gross lettable area: 19,611m[2] annual sales: $127.9 million Specialty occupancy cost: 14.7% Weighted average lease expiry: 2.7 years NabERS: 4.0 (Energy) 4.0 (Water) Green Star rating: Na Major tenants GLA (m[2] ) Lease expiry kmart 8,107 Nov 2018 coles 4,737 Nov 2018

Lease expiry profile %

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Excludes caloundra South

STOCKLAND PROPERTY PORTFOLIO Jun 2016 19

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~~Stockland Bull Creek~~

bull creek is a single level sub-regional centre located 15 kilometres south of the Perth cbd. the centre is anchored by Woolworths, target and 49 specialty stores. the centre is positioned as a convenience and value destination in this dense trade area. Woolworths have recently completed a full refit of their store.

Location: Bull Creek, WA

Location: Bull Creek, WA
acquisition date:	jun 2003
ownership/title:	100%/freehold
cost includingadditions:	$64.2 million

Last independent valuation
date:	dec 2015
valuation:	$102.0 million
valuation $/m2:	$6,036/m²
capitalisation rate:	6.50%
discount rate:	8.00%
carparkingspaces:	893
Gross lettable area:	16,900m2
annual sales:	$108.6 million
Specialtyoccupancycost:	14.8%
Weighted average lease expiry:	5.6years
NabERS:	4.0(Energy)
Green Star rating:	2.0(Performance)

Major tenants	GLA(m2)	Lease expiry
target	8,131	jul 2018
Woolworths	3,426	may2035

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Stockland Cleveland

located 25 kilometres south-east of the brisbane cbd, Stockland cleveland is a successful example of an integrated town centre development. the centre comprises two separate malls, anchored by coles, Woolworths and 56 specialty stores.

Location: Cleveland, Qld

Location: Cleveland, Qld
acquisition date:	oct 2002
ownership/title:	100%/freehold
cost includingadditions:	$78.6 million

Last independent valuation
date:	dec 2015
valuation:	$102.0 million
valuation $/m2:	$6,588/m²
capitalisation rate:	6.75%
discount rate:	8.50%
carparkingspaces:	780
Gross lettable area:	15,482m2
annual sales:	$146.7 million
Specialtyoccupancycost:	13.8%
Weighted average lease expiry:	2.8years
NabERS:	Na
Green Star rating:	Na

Major tenants GLA (m[2] ) Lease expiry Woolworths 4,031 aug 2019 coles 3,536 oct 2017

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Stockland Bathurst

bathurst is located in the bathurst cbd, 200 kilometres west of Sydney. bathurst is a single level sub regional shopping centre anchored by target, big W, Woolworths and 38 specialty stores. new leases have been entered into with big W and Woolworths with both stores completing brand new fit outs in 2015.

Location: Bathurst, NSW

Location: Bathurst, NSW
acquisition date:	jun 2003
ownership/title:	100%/freehold
cost includingadditions:	$65.2 million

Last independent valuation
date:	dec 2015
valuation:	$94.0 million
valuation $/m2:	$4,869/m²
capitalisation rate:	6.75%
discount rate:	8.00%
carparkingspaces:	519
Gross lettable area:	19,305m2
annual sales:	$106.2 million
Specialtyoccupancycost:	12.6%
Weighted average lease expiry:	10.3years
NabERS:	4.0(Water)3.5(Water)
Green Star rating:	3.0(Performance)

Major tenants	GLA(m2)	Lease expiry
bigW	6,150	jun 2034
target	5,973	Nov 2019
Woolworths	2,940	Nov 2034

Lease expiry profile %

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vacant Fy

17 18 19 20 21+

retail cOmmercial POrtfOliO

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~~Stockland Corrimal~~

located seven kilometres north of Wollongong, corrimal is a neighbourhood centre anchored by a large full range Woolworths, a full range dan murphy’s and 38 specialty stores.

Location: Corrimal, NSW

acquisition date: jun 2003 ownership/title: 100%/freehold cost including additions: $45.3 million Last independent valuation date: dec 2015 valuation: $75.0 million valuation $/m[2] : $7,657/m² capitalisation rate: 6.75% discount rate: 8.00% car parking spaces: 524 Gross lettable area: 9,795m[2] annual sales: $98.4 million Specialty occupancy cost: 14.5% Weighted average lease expiry: 7.9 years NabERS: Na Green Star rating: Na Major tenants GLA (m[2] ) Lease expiry Woolworths 5,974 jun 2027

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~~Stockland Wallsend~~

Wallsend is located ten kilometres north-west of the newcastle cbd. the centre has a GlA of over 12,000 sqm and provides the Wallsend community with coles, Aldi, 43 specialty stores and an extensive range of services including Service nSW, Australia Post and a range of major banks. A new mcdonalds full-line family restaurant opened in december 2014.

Location: Wallsend, NSW

Location: Wallsend, NSW
acquisition date:	Sep2007
ownership/title:	100%/freehold
cost includingadditions:	$68.4 million

Last independent valuation
date:	dec 2015
valuation:	$70.3 million
valuation $/m2:	$5,897/m²
capitalisation rate:	7.00%
discount rate:	8.25%
carparkingspaces:	569
Gross lettable area:	11,921m2
annual sales:	$98.5 million
Specialtyoccupancycost:	10.3%
Weighted average lease expiry:	3.7years
NabERS:	Na
Green Star rating:	Na

Major tenants GLA (m[2] ) Lease expiry coles 4,185 oct 2018 aldi 1,292 jun 2020

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~~Glasshouse - 135 King Street, Sydney~~

Glasshouse is strategically located in the heart of Sydney cbd. the recently developed centre is home to international flagships h&m and Zara home.

Location: Sydney CBD, NSW

Location: Sydney CBD, NSW
acquisition date:	jun 2003
ownership/title:	50%/freehold
cost includingadditions:	$33.0 million

Last independent valuation
date:	dec 2015
valuation:	$66.0 million
valuation $/m2:	$22,673/m²^
capitalisation rate:	4.75%
discount rate:	6.75%
carparkingspaces:	N/a
Gross lettable area:	5,822m2
annual sales:	N/a
Specialtyoccupancycost:	N/a
Weighted average lease expiry:	13.7years
NabERS:	Na
Green Star rating:	Na

Major tenants	GLA(m2)	Lease expiry
h&m	5,173	oct 2030
Zara home	649	dec 2025

Lease expiry profile %

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1 10 7 6 3 73
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100
^ 100% interest

STOCKLAND PROPERTY PORTFOLIO Jun 2016

retail cOmmercial POrtfOliO

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~~Stockland Riverton~~

the centre occupies a 6.3 hectare site on a major arterial road in riverton, 11 kilometres south-east of Perth’s cbd. the centre includes Woolworths, big W, two mini-majors, over 60 specialty stores and five pad sites, including an alfresco dining area and fully equipped parents’ room.

Location: Riverton, WA

Location: Riverton, WA
acquisition date:	aug2006
ownership/title:	50%/freehold
cost includingadditions:	$27.9 million

Last independent valuation
date:	dec 2015
valuation:	$64.0 million
valuation $/m2:	$6,484/m²^
capitalisation rate:	6.50%
discount rate:	8.25%
carparkingspaces:	1,193
Gross lettable area:	19,741m2
annual sales:	$145.0 million
Specialtyoccupancycost:	14.0%
Weighted average lease expiry:	1.4years
NabERS:	4.5(Energy)
Green Star rating:

Major tenants	GLA(m2)	Lease expiry
bigW	7,294	Sep2021
Woolworths	3,963	Sep2016

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Stockland Tooronga
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tooronga is 12 kilometres south-east of the melbourne cbd. the centre provides a coles supermarket, 1st choice liquor and over 25 specialty stores over two retail levels. the first level is fully enclosed with a fresh food market and premium specialty stores. the second level is an open-air piazza which provides a café/restaurant precinct.

Location: Glen Iris, Vic

Location: Glen Iris, Vic
acquisition date:	aug2010
ownership/title:	100%/freehold
cost includingadditions:	$48.6 million

Last independent valuation
date:	dec 2015
valuation:	$63.0 million
valuation $/m2:	$6,993/m²
capitalisation rate:	6.00%
discount rate:	8.00%
carparkingspaces:	488
Gross lettable area:	9,009m2
annual sales:	$110.1 million
Specialtyoccupancycost:	13.9%
Weighted average lease expiry:	7.4years
NabERS:	Na
Green Star rating:	Na

Major tenants	GLA(m2)	Lease expiry
coles	4,139	aug2025

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Stockland harrisdale

harrisdale is a brand new neighbourhood centre which opened in June 2016. it is located within the Stockland newhaven residential community, 20 kilometres south-east of the Perth cbd. the centre is anchored by Woolworths and Aldi, two mini-majors, 27 specialty stores and 5 kiosks with a strong focus on retail services and food including an alfresco dining precinct.

Location: Newhaven, WA

Location: Newhaven, WA
acquisition date:	feb 2007
ownership/title:	100%/freehold
cost includingadditions:	$47.6 million

Last independent valuation
date:	N/a
valuation:	N/a
valuation $/m2:	N/a
capitalisation rate:	N/a
discount rate:	N/a
carparkingspaces:	531
Gross lettable area:	11,998m2
annual sales:	N/a
Specialtyoccupancycost:	N/a
Weighted average lease expiry:	10.7years
NabERS:	Na
Green Star rating:	4.0(design)

Major tenants	GLA(m2)	Lease expiry
Woolworths	4,235	jun 2036
aldi	1,529	jun 2026

Lease expiry profile %

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3 69 5 1 10 12 2 8 3 1 86
^ 100% interest
vacant Fy
17 18 19 20 21+
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19 2 1 78
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Nb lease expiry includes sites leased but not yet commenced to trade

retail cOmmercial POrtfOliO

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~~Stockland Cammeray~~

cammeray is a 4,700 sqm lifestyle centre, located in the northern suburbs of Sydney, seven kilometres from the cbd. the centre is anchored by harris Farm markets and provides a unique combination of boutique specialty retailers. there is a focus on fresh food including restaurants and iconic Sydney fine food retailers, such as Simmone logue and hudson meats. the centre also includes a childcare centre and 850 sqm of commercial suites.

Location: Cammeray, NSW

acquisition date: dec 2008 ownership/title: 100%/Stratum cost including additions: $57.3 million Last independent valuation date: dec 2015 valuation: $45.5 million valuation $/m[2] : $9,495/m² capitalisation rate: 6.25% discount rate: 8.50% car parking spaces: 80 Gross lettable area: 4,792m[2] annual sales: $27.7 million Specialty occupancy cost: 14.8% Weighted average lease expiry: 7.9 years NabERS: Na Green Star rating: Na Major tenants GLA (m[2] ) Lease expiry harris farm markets 711 oct 2023

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Stockland Piccadilly

Piccadilly is a two level shopping centre located in Sydney’s premier cbd retail precinct, 100 metres from Pitt Street mall and opposite the Sheraton on the Park and hilton international hotels. the centre benefits from main entrances off both Pitt and castlereagh Streets and adjoining thoroughfare to david Jones. Stockland Piccadilly is home to the award-winning Palace chinese restaurant, food court and cafe dining, as well as fashion and a number of services.

Location: Sydney CBD, NSW

acquisition date: oct 2000 ownership/title: 50%/leasehold cost including additions: $22.1 million

Last independent valuation

date: dec 2015 valuation: $34.7 million valuation $/m[2] : $23,141/m²[^] capitalisation rate: 6.00% discount rate: 8.25% car parking spaces: N/a Gross lettable area: 2,999m[2] annual sales: $29.2 million Specialty occupancy cost: 25.9% Weighted average lease expiry: 4.1 years* NabERS: Na Green Star rating: Na

Major tenants GLA (m[2] ) N/a

Lease expiry

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Stockland highlands

highlands is a convenient neighbourhood shopping centre located within the Stockland highlands community in craigieburn, 27 kilometres north of the melbourne cbd. it is anchored by Woolworths, the reject Shop plus 17 specialty stores including a medical centre. A new full-line mcdonald’s family restaurant is now open.

Location: Craigieburn, Vic

acquisition date: Nov 2011 ownership/title: 100%/freehold cost including additions: $31.4 million

Last independent valuation date: dec 2015 valuation: $34.0 million valuation $/m[2] : $4,378/m² capitalisation rate: 6.50% discount rate: 8.00% car parking spaces: 343 Gross lettable area: 7,766m[2] annual sales: $47.3 million Specialty occupancy cost: 11.2% Weighted average lease expiry: 9.8 years NabERS: Na Green Star rating: 4.0 (as built) Major tenants GLA (m[2] ) Lease expiry Woolworths 3,946 Nov 2031

Lease expiry profile %

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4 3 8 11 74
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5 9 8 22 56
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4 17 5 74
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^ 100% interest
Retail only

STOCKLAND PROPERTY PORTFOLIO Jun 2016

retail cOmmercial POrtfOliO

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Stockland North Shore

A convenient neighbourhood centre located within the Stockland north Shore residential community in townsville, Qld. the centre includes a new Woolworths and 15 specialty stores. A dA has been approved to expand the centre to 20,000 sqm. there is further land to expand the bulky goods precinct.

Location: North Shore, Qld

Location: North Shore, Qld
acquisition date:	mar 2011
ownership/title:	100%/freehold
cost includingadditions:	$20.9 million

Last independent valuation
date:	dec 2015
valuation:	$23.0 million
valuation $/m2:	$4,417/m²
capitalisation rate:	6.75%
discount rate:	8.25%
carparkingspaces:	250
Gross lettable area:	5,207m2
annual sales:	$52.4 million
Specialtyoccupancycost:	6.6%
Weighted average lease expiry:	4.3years
NabERS:	Na
Green Star rating:	4.0(as built)

Major tenants	GLA(m2)	Lease expiry
Woolworths	3,609	mar 2021

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~~Jimboomba Village Shopping Centre~~

located 40 kilometres south of brisbane in one of the fastest population growth corridors. Stockland owns a 50 per cent interest together with management and development rights over the existing centre and associated land parcels. the centre includes a Woolworths and 32 specialty stores.

Location: Jimboomba, Qld

Location: Jimboomba, Qld
acquisition date:	jan 2007
ownership/title:	50%/freehold
cost includingadditions:	$26.3 million

Last independent valuation
date:	jun 2015
valuation:	$13.9 million
valuation $/m2:	$2,428/m²^
capitalisation rate:	8.00%
discount rate:	9.50%
carparkingspaces:	504
Gross lettable area:	11,449m2*
annual sales:	$49.9 million
Specialtyoccupancycost:	8.1%
Weighted average lease expiry:	3.5years
NabERS:	Na
Green Star rating:	Na

Major tenants	GLA(m2)	Lease expiry
Woolworths	3,716	dec 2017

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Stockland Vincentia Shopping Centre

vincentia Shopping centre is a single level, open air neighbourhood shopping centre. the property is situated in vincentia, a developing residential and tourist township on the south coast of nSW. the centre is anchored by a strong performing coles and 21 specialty stores.

Location: Vincentia, NSW

Location: Vincentia, NSW
acquisition date:	jan 2007
ownership/title:	100%/freehold
cost includingadditions:	$16.5 million

Last independent valuation
date:	dec 2015
valuation:	$11.0 million
valuation $/m2:	$2,684/m²
capitalisation rate:	8.25%
discount rate:	8.50%
carparkingspaces:	169
Gross lettable area:	4,099m2
annual sales:	$45.4 million
Specialtyoccupancycost:	8.5%
Weighted average lease expiry:	2.6years
NabERS:	Na
Green Star rating:	Na

Major tenants	GLA(m2)	Lease expiry
coles	1,973	mar 2019

Lease expiry profile %

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16 48 9 10 26
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3 8 16 56 2 15
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^ 100% interest * Excludes adjacent land holdings

vacant Fy

17 18 19 20 21+

retail cOmmercial POrtfOliO

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Woolworths Toowong

Woolworths toowong is a freestanding supermarket located opposite toowong village Shopping centre. this property and the adjoining data3 office tower plus high Street shops is held for its long term development potential. the site will best suit a medium-term mixed-use development.

Location: Toowong, Qld
acquisition date:	oct 2000
ownership/title:	100%/freehold
cost includingadditions:	$6.7 million

Last independent valuation
date:	dec 2015
valuation:	$6.2 million
valuation $/m2:	N/a
capitalisation rate:	N/a
discount rate:	N/a
carparkingspaces:	130
Gross lettable area:	2,275m2
annual sales:	N/a
Specialtyoccupancycost:	N/a
Weighted average lease expiry:	0.0years
NabERS:	Na
Green Star rating:	Na

Major tenants	GLA(m2)	Lease expiry
Woolworths	2,275	monthlytenancy

Lease expiry profile %

100

STOCKLAND PROPERTY PORTFOLIO Jun 2016 25

lOGistics & Business Parks cOmmercial POrtfOliO

MULGRAVE, VIC

thiS tWo hEctaRE buSiNESS PaRk iS locatEd iN thE EaStERN SubuRb of mulGRavE, 25 kilomEtRES fRom mElbouRNE cbd. thE SitE ENjoyS Good accESS to thE moNaSh fREEWay aNd aRtERial RoadS, SPRiNGvalE Road, WElliNGtoN Road aNd fERNtREE Gully Road.

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lOGistics & Business Parks cOmmercial POrtfOliO

logistics & business Parks

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yennora, nSW

Lease expiry profile %

At 30 June 2016 the portfolio comprises 27 properties encompassing 1.3 million square metres of building area with Stockland’s ownership interests valued at $2.0 billion and gross book value of $2.2 billion. Properties are strategically positioned in key locations for logistics, infrastructure and employment.

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5 16 10 14 9 46
vacant Fy
17 18 19 20 21+
Geographic split %
67 20 5 3 5
nSW vic Qld WA SA
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STOCKLAND PROPERTY PORTFOLIO Jun 2016

lOGistics & Business Parks cOmmercial POrtfOliO

YENNORA, NSW

yENNoRa diStRibutioN cENtRE iS oNE of thE laRGESt diStRibutioN cENtRES of itS kiNd iN thE SouthERN hEmiSPhERE With 300,000 Sqm of WaREhouSiNG aNd 70,000 Sqm of dEdicatEd coNtaiNER haRdStaNd. thE 70 hEctaRE SitE oPERatES aS aN ‘iNtERmodal’ Rail tERmiNal With SEvEN kilomEtRES of Rail SidiNGS coNNEctEd to thE maiN SouthERN Rail liNE. a da haS bEEN lodGEd foR tWo NEW buildiNGS totalliNG 22,600 Sqm (buildiNG 3 aNd SitE 8a).

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lOGistics & Business Parks cOmmercial POrtfOliO

~~Logistics & Business Parks Portfolio as at 30 June 2016~~
Page
Property
Location
GLA (m2)
Book value#
($m)
FY16 AIFRS
NOI ($m)
Funds from
operations ($m)
% of Logistics &
Business Parks
Portfolio
Passing
rent ($/m2)
Net/Gross
Logistics
30
yennora distribution centre,yennora
nSW
296,991
384.3
23.0
25.5
19.6
96
net
30
Forrester distribution centre,St mary’s
nSW
60,239
81.5
6.1
6.0
4.1
106
net
30
ingleburn distribution centre,ingleburn
nSW
6,700
77.8^^
5.8
5.3
4.0
101
net
31
9-11a Ferndell Street,Granville
nSW
47,865
54.2
2.2
4.2
2.8
96
net
31
23 Wonderland drive,Eastern creek
nSW
23,117
36.3
1.7
1.7
1.8
115
net
31
2 davis road,Wetherill Park
nSW
16,263
25.6
1.0
1.2
1.3
101
net
32
2-8 baker St,botany
nSW
9,492
24.2
1.6
1.6
1.2
165
net
32
89 Quarryrd,Erskine Park
nSW
11,690
19.2
0.0
0.0
1.0
n/A
net
32
brooklyn Estate,brooklyn
vic
130,001
82.3
7.1
8.4
4.2
70
net
33
toll business Park,Altona
vic
52,448
49.6
3.7
4.2
2.5
79
net
33
20-50 and 76-82 Fillo drive and 10 Stubb Street,Somerton
vic
71,326
45.0
2.3
2.9
2.3
73
net
33
1090-1124 centre road,oakleigh South
vic
44,814
39.6
1.9
2.5
2.0
86
net
34
72-76 cherrylane,laverton north
vic
20,500
31.9
2.4
2.3
1.6
69
net
34
Altona distribution centre,Altona
vic
34,259
30.6
2.7
3.0
1.6
79
net
34
40 Scanlon drive,Epping
vic
9,371
9.0
0.8
0.8
0.5
92
net
35
hendra distribution centre,brisbane
Qld
83,809
88.0
7.3
8.0
4.5
100
net
35
Export Park,9-13 viola Place,brisbane Airport
Qld
8,468
9.2
1.2
1.4
0.5
216
net
35
Port Adelaide distribution centre,Port Adelaide
SA
167,608
100.8
7.1
8.2
5.1
59
net
36
balcatta distribution centre,balcatta
WA
25,516
58.5^^
4.9
3.9
3.0
125
net
1,120,477
1,247.6
82.8
91.1
63.6
Logistics Development Land##
36
coopers Paddock,Warwick Farm
nSW
52,000^
18.7
0.0
0.0
1.0
n/A
n/A
30
ingleburn distribution centre,ingleburn(Stage one)
nSW
28,800^
n/A
n/A
n/A
n/A
n/A
n/A
36
yatala distribution centre,yatala
Qld
44,000^
6.7
0.0
0.0
0.3
n/A
n/A
36
balcatta distribution centre,balcatta
WA
20,000^
n/A
n/A
n/A
n/A
n/A
n/A
25.4
1.3
Business Parks
37
optus centre,macquarie Park^^^
nSW
84,194
227.0
14.7
14.8
11.6
294
net
37
triniti campus,north ryde
nSW
28,157
176.1^^
9.7
12.4
9.0
375
net
37
60-66 Waterloo road,macquarie Park
nSW
18,310
96.8
5.9
6.9
4.9
332
net
38
macquarie technologycentre,macquarie Park
nSW
15,443
53.6
2.7
3.3
2.7
225
net
38
16 Giffnock Avenue,macquarie Park
nSW
11,684
42.8
2.2
3.0
2.2
270
net
38
Satellite corporate centre,mulgrave
vic
21,043
92.6
1.2
1.0
4.7
219
net
178,831
688.9
36.4
41.4
35.1
Business Parks Development Land
37
triniti campus,north ryde
nSW
30,098^
n/A
n/A
n/A
n/A
n/A
n/A
1,299,308
1,961.9
119.2
132.5
100.0*

Excludes hardstand and vehicle storage and reflects 100% interest.
** Gla post construction of buildings 1 and 3.
Represents the full carrying value of the investment property.
^ Excluding 22 hectares of development land in Willawong, queensland, valued at $10 million. title and ownership to be transferred from Stockland corporation on subdivision.Estimated Gla on completion, not included in total Gla.
^^ includes development land value.
^^^ book value represents Stockland’s 51% ownership interest.

STOCKLAND PROPERTY PORTFOLIO Jun 2016 29

lOGistics & Business Parks cOmmercial POrtfOliO

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~~Yennora Distribution Centre~~

yennora distribution centre is one of the largest distribution centres of its kind in the southern hemisphere with 300,000 sqm of warehousing and 70,000 sqm of dedicated container hardstand. the 70 hectare site operates as an ‘intermodal’ rail terminal with seven kilometres of rail sidings connected to the main Southern rail line. A dA has been lodged for two new buildings totalling 22,600 sqm (building 3 and Site 8A).

Location: Yennora, NSW

acquisition date: jul 2000/Nov 2010 ownership/title: 100%/freehold cost including additions: $273.0 million Last independent valuation date: dec 2015 valuation: $381.0 million valuation $/m[2] : $1,283/m[2] capitalisation rate: 7.00% discount rate: 8.25% lettable area: 296,991m[2] Site area: 70ha hardstand: 70,000m[2] Weighted average lease expiry: 4.0 years

Major tenants GLA (m[2] ) australian Wool handlers 67,647 qube logistics 44,677 austpac Pty ltd 22,636 toll holdings limited 20,240

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~~Forrester Distribution Centre~~

Forrester distribution centre is a modern and flexible facility conveniently located within close proximity to rail and the Great Western highway, the m4 and m7 motorways. the 12 hectare site also features drivearound access to all three warehouse buildings. the premises are fully occupied by Aci Packaging, a wholly-owned subsidiary of owens-illinois, a u.S. Fortune 500 company.

Location: St Mary’s, NSW

Location: St Mary’s, NSW
acquisition date:	dec 2013
ownership/title:	100%/freehold
cost includingadditions:	$77.7 million

Last independent valuation
date:	dec 2015
valuation:	$81.3 million
valuation $/m2:	$1,350/m2
capitalisation rate:	7.25%
discount rate:	8.50%
lettable area:	60,239m2
Site area:	12ha
hardstand:
Weighted average lease expiry:	2.8years

Major tenants GLA (m[2] ) aci 60,239

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~~Ingleburn Distribution Centre~~

this 28 hectare site is located in the established industrial precinct of ingleburn, approximately 44 kilometres south west of the Sydney cbd. it provides a substantial development offering and is located within close proximity to the m5 and other key south western Sydney industrial markets. ingleburn distribution centre (Stage one) includes 5.1 hectares of land with 28,800 sqm currently being developed. A further 7.3 and 15.5 hectares is leased to Patrick Autocare until 2017 and 2024 respectively.

Location: Ingleburn, NSW

Location: Ingleburn, NSW
acquisition date:	jun 2014
ownership/title:	100%/freehold
cost includingadditions:	$76.7 million

Last independent valuation
date:	N/a
valuation:	N/a
valuation $/m2:	N/a
capitalisation rate:	N/a
discount rate:	N/a
lettable area:	6,700m2
Site area:	28ha
hardstand:
Weighted average lease expiry:	5.9years

Major tenants GLA (m[2] ) Patrick autocare Pty ltd 6,700

Lease expiry profile %

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8 17 24 1 7 43
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100
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29 71
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vacant Fy

17 18 19 20 21+

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~~9-11a Ferndell Street~~

Situated on a 5.4 hectare site, 9-11 Ferndell Street comprises three modern office and warehouse buildings. 11a is a factory warehouse building made up of three warehouse bays and an ancillary office. both properties are located in the established industrial suburb of Granville, 20 kilometres west of the Sydney cbd.

Location: Granville, NSW

acquisition date: apr 2003/jun 2003 ownership/title: 100%/freehold cost including additions: $55.2 million Last independent valuation date: dec 2015 valuation: $55.9 million valuation $/m[2] : $1,171/m[2] capitalisation rate: 7.25-9.00% discount rate: 8.50-9.00% lettable area: 47,865m[2] Site area: 9ha hardstand: Weighted average lease expiry: 5.0 years

Major tenants GLA (m[2] ) visy industrial Packaging 17,546 Williams Enterprise Group 13,574 bluestar Group 13,203 hellofresh australia 3,543

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23 Wonderland Drive
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the property consists of a modern freestanding warehouse situated in the key western Sydney industrial market of Eastern creek. the property offers excellent access to the m4 and m7 interchange, with a total GlA of 23,117 sqm. A new lease to icehouse logistics for five years has recently been signed over 17,770 sqm.

Location: Eastern Creek, NSW acquisition date: Sep 2015 ownership/title: 100%/freehold cost including additions: $36.3 million Last independent valuation date: N/a valuation: N/a valuation $/m[2] : N/a capitalisation rate: N/a discount rate: N/a lettable area: 23,117m[2] Site area: 4ha hardstand: Weighted average lease expiry: 5.2 years

Major tenants GLA (m[2] ) icehouse logistics Pty ltd 17,770

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2 Davis Road

this property is a modern office warehouse building offering flexible warehousing solutions. Works are underway to redevelop the rear of the property, increasing the hardstand and improving the functionality of the site. Stora Enso Australia has recently leased the remaining vacant space.

Location: Wetherill Park, NSW

Location: Wetherill Park, NSW
acquisition date:	apr 2003
ownership/title:	100%/freehold
cost includingadditions:	$23.0 million

Last independent valuation
date:	jun 2016
valuation:	$25.6 million
valuation $/m2:	$1,574/m2
capitalisation rate:	7.25%
discount rate:	8.25%
lettable area:	16,263m2
Site area:	4ha
hardstand:
Weighted average lease expiry:	4.0years

Major tenants GLA (m[2] ) freight Specialists Pty limited 10,274 Stora Enso australia 5,989

Lease expiry profile %

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40 60
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23 77
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54 46
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STOCKLAND PROPERTY PORTFOLIO Jun 2016

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~~2-8 Baker St~~

this well located property offers a flexible warehouse located within close proximity to Port botany, 11 kilometres south of the Sydney cbd. Gross lettable area includes 7,900 sqm of warehouse and 1,600 sqm of office and showroom area. A new seven year lease to Smeg, with major refurbishment works has recently been completed.

Location: Botany, NSW

Location: Botany, NSW
acquisition date:	mar 2015
ownership/title:	100%/freehold
cost includingadditions:	$22.6 million

Last independent valuation
date:	dec 2015
valuation:	$23.2 million
valuation $/m2:	$2,444/m2
capitalisation rate:	6.25%
discount rate:	8.75%
lettable area:	9,492m2
Site area:	2ha
hardstand:
Weighted average lease expiry:	7.0years

Major tenants GLA (m[2] ) Smeg australia Pty ltd 9,492

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~~89 Quarry Rd~~

recently completed 11,500 sqm warehouse located in Erskine Park, one of Sydney’s premier industrial locations. this property was acquired on a fund through basis with a one year income guarantee from practical completion. the property benefits from excellent proximity to the m4/m7 interchange.

Location: Erskine Park, NSW

Location: Erskine Park, NSW
acquisition date:	jan 2016
ownership/title:	100%/freehold
cost includingadditions:	$19.2 million

Last independent valuation
date:	N/a
valuation:	N/a
valuation $/m2:	N/a
capitalisation rate:	N/a
discount rate:	N/a
lettable area:	11,690m2
Site area:	2ha
hardstand:
Weighted average lease expiry:	N/a

GLA (m[2] )

Major tenants

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Brooklyn Estate

brooklyn Estate is a flexible distribution centre, located ten kilometres west of the melbourne cbd, adjacent to the four-way interchange of West Gate Freeway and the Princes highway. the estate comprises ten separate warehouses over 22 hectares. Planning is underway for partial redevelopment of the site.

Location: Brooklyn, Vic

Location: Brooklyn, Vic
acquisition date:	jun 2003
ownership/title:	100%/freehold
cost includingadditions:	$67.6 million

Last independent valuation
date:	dec 2015
valuation:	$82.5 million
valuation $/m2:	$635/m2
capitalisation rate:	8.00%
discount rate:	9.00%
lettable area:	130,001m2
Site area:	22ha
hardstand:	10,500m2
Weighted average lease expiry:	2.2years

Major tenants	GLA(m2)
unitised building (aust)Ptyltd	32,809
ceva	23,625
isuzu	11,814
RSh	10,754

Lease expiry profile %

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100
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62 25 11 2
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vacant Fy 17 18 19 20 21+

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~~Toll Business Park~~

toll business Park comprises three modern warehouse and distribution facilities. 11-25 toll drive has recently been leased to Seaway logistics for 10 years and is undergoing a major refurbishment. 32-54 toll drive and 56-60 toll drive are both fully leased.

Location: Altona, Vic

Location: Altona, Vic
acquisition date:	Sep2006
ownership/title:	100%/freehold
cost includingadditions:	$67.2 million

Last independent valuation
date:	dec 2015 and june 2016*
valuation:	$49.6 million
valuation $/m2:	$946/m2
capitalisation rate:	6.75-7.25%
discount rate:	8.25%
lettable area:	52,448m2
Site area:	13ha
hardstand:
Weighted average lease expiry:	4.4years

Major tenants GLA (m[2] ) toll holdings limited 18,727 deliver.com.au 17,577 Seaway logistics 16,144

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20-50 and 76-82 Fillo Drive and 10 Stubb Street
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the property consists of three warehouse facilities with adjacent boundaries. 20-50 Fillo drive is a 31,000 sqm distribution facility with good clearance and multiple loading points. 10 Stubb Street is located on the same title and comprises a modern distribution facility consisting of a two-level office and warehouse, drive around access and multiple loading points. 76-82 Fillo drive is a modern industrial building with loading docks, functional awning areas and future expansion potential.

Location: Somerton, Vic
acquisition date:	Sep2006/jul 2006
ownership/title:	100%/freehold
cost includingadditions:	$65.1 million

Last independent valuation
date:	dec 2015
valuation:	$44.1 million
valuation $/m2:	$618/m2
capitalisation rate:	8.25%
discount rate:	8.25%
lettable area:	71,326m2
Site area:	16ha
hardstand:
Weighted average lease expiry:	3.9years

Major tenants GLA (m[2] ) yakka Pty ltd 18,822 integrated Packaging Group 10,702 Super amart Pty ltd 10,617

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1090-1124 Centre Road
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the property is well located in melbourne’s south-eastern suburbs, 17 kilometres from the melbourne cbd. the eight hectare site is situated on a prominent main road location and is currently undergoing a substantial development. A new 10,702 sqm building for Specialty Packaging has recently been completed in June 2016, with a further 8,300 sqm currently under construction.

Location: Oakleigh South, Vic

Location: Oakleigh South, Vic
acquisition date:	feb 2007
ownership/title:	100%/freehold
cost includingadditions:	$60.0 million

Last independent valuation
date:	dec 2012
valuation:	$31.8 million
valuation $/m2:	$710/m2
capitalisation rate:	9.25%
discount rate:	10.00%
lettable area:	44,814m2
Site area:	8ha
hardstand:
Weighted average lease expiry:	4.6years

Major tenants GLA (m[2] ) Specialty Packaging Group Pty ltd 22,209 avery dennison 7,470 amcor 6,846

Lease expiry profile %

38 62

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39 15 31 15
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31 69
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11-25 toll drive was valued in june 2016

STOCKLAND PROPERTY PORTFOLIO Jun 2016 33

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72-76 Cherry Lane

this property is a large single tenanted industrial facility located in melbourne’s western industrial precinct, 18 kilometres from the melbourne cbd. the 10 hectare site has a large warehouse with significant container-rated hardstand and is leased to the toll Group until 2020. there is scope for further redevelopment in the future due to low site coverage.

Location: Laverton North, Vic

acquisition date: feb 2015 ownership/title: 100%/freehold cost including additions: $31.0 million Last independent valuation date: dec 2015 valuation: $31.7 million valuation $/m[2] : $1,546/m[2] capitalisation rate: 7.00% discount rate: 8.25% lettable area: 20,500m[2] Site area: 10ha hardstand: 45,000m[2] Weighted average lease expiry: 4.5 years

Major tenants GLA (m[2] ) toll holdings limited 20,500

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Altona Distribution Centre

the Altona distribution centre comprises nine separate buildings located in the western industrial precinct of melbourne adjacent to the Western ring road. the estate is currently 100% leased with low site coverage and offers future redevelopment potential.

Location: Altona, Vic

acquisition date: jul 2000 ownership/title: 100%/freehold cost including additions: $29.4 million Last independent valuation date: dec 2015 valuation: $30.3 million valuation $/m[2] : $883/m[2] capitalisation rate: 8.25% discount rate: 8.50% lettable area: 34,259m[2] Site area: 15ha hardstand: 65,500m[2] Weighted average lease expiry: 1.3 years

Major tenants GLA (m[2] ) ceva 13,968 autonexus Pty ltd 6,165 Petrogas 4,877 knauf Plasterboard Pty ltd 3,189

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40 Scanlon Drive
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40 Scanlon drive is a modern warehouse facility of 9,371 sqm. the building offers high quality warehouse and office accommodation and is located 20 kilometres north of the melbourne cbd. Access is available to the craigieburn bypass via cooper Street interchange and is currently fully leased.

Location: Epping, Vic

Location: Epping, Vic
acquisition date:	Sep2007
ownership/title:	100%/freehold
cost includingadditions:	$8.9 million

Last independent valuation
date:	dec 2015
valuation:	$9.0 million
valuation $/m2:	$960/m2
capitalisation rate:	7.50%
discount rate:	8.50%
lettable area:	9,371m2
Site area:	2ha
hardstand:
Weighted average lease expiry:	3.6years

GLA (m[2] )

Major tenants Gruma oceania 5,306 Grace australia 4,065

Lease expiry profile %

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100
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41 41 5 13 49 51
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vacant Fy 17 18 19 20 21+

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~~hendra Distribution Centre~~

~~Export Park~~

9-13 viola Place is a high-tech office and warehouse facility located in brisbane Airport on leasehold title. the property is fully leased to dhl Australia and Ansaldo. this facility benefits from excellent access to the Gateway motorway and port of brisbane.

hendra distribution centre comprises 17 warehouses including one large, modern distribution centre with further warehousing and amenities. the 17 hectare site is well situated in brisbane’s trade coast precinct and boasts excellent road, port and air accessibility. Surplus land adjacent is available for further development. major refurbishment to building 1 was recently completed.

Location: Brisbane, Qld

Location: 9-13 Viola Place, Brisbane Airport, Qld acquisition date: Nov 2007 ownership/title: 100%/leasehold (Expiry 2047) cost including additions: $16.1 million Last independent valuation date: dec 2015 valuation: $9.3 million valuation $/m[2] : $1,092/m[2] capitalisation rate: 9.29% discount rate: 8.75% lettable area: 8,468m[2] Site area: N/a hardstand: Weighted average lease expiry: 1.1 years

acquisition date: jul 2000 ownership/title: 100%/freehold cost including additions: $53.9 million Last independent valuation date: jun 2016 valuation: $88.0 million valuation $/m[2] : $1,050/m[2] capitalisation rate: 8.25% discount rate: 8.50% lettable area: 83,809m[2] Site area: 17ha hardstand: Weighted average lease expiry: 2.7 years

Major tenants GLA (m[2] ) bevchain 14,810 kmart distribution 14,213 queensland Rail limited 7,902 Global Express (fastway) 6,889

Major tenants GLA (m[2] ) dhl Global forwarding 4,322 ansaldo 4,146

Lease expiry profile %

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23 29 3 4 27 14 100
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~~Port Adelaide Distribution Centre~~

Port Adelaide distribution centre is a large industrial estate comprising over 160,000 sqm across 12 large warehouses, together with hardstand area and surplus development land. the 32 hectare site is well located within close proximity to the port and main arterial routes. Aci Packaging, a subsidiary of owens-illinois, has recently renewed its lease on buildings d and G for 33,000 sqm. Additionally, a dA has been granted for a new 7,500 sqm warehouse on surplus land.

Location: Port Adelaide, SA

acquisition date: jul 2000 ownership/title: 100%/freehold cost including additions: $62.3 million Last independent valuation date: dec 2015 valuation: $99.9 million valuation $/m[2] : $596/m[2] capitalisation rate: 9.00% discount rate: 9.25% lettable area: 167,608m[2] Site area: 32ha hardstand: Weighted average lease expiry: 2.1 years

GLA (m(mm[[2]] )

Major tenants GLA (m(mm[[2]] ) aci 72,792 koch fertiliser 23,481 Wengfu australia 20,770 Spendless Shoes Pty limited 12,383 4 14 15 56 11

STOCKLAND PROPERTY PORTFOLIO Jun 2016 35

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~~Balcatta Distribution Centre~~

balcatta distribution centre is located in one of Western Australia’s premier industrial precincts, 12 kilometres north of the Perth cbd. Situated on a 12 hectare site, it is the largest, single industrial site in balcatta. the property comprises the brownes dairy head office, processing and distribution centre. the surplus development land of 3.9 hectares is in the process of being subdivided, of which 1.8 hectares is under contract for sale.

Location: Balcatta, WA

Location: Balcatta, WA
acquisition date:	jun 2014
ownership/title:	100%/freehold
cost includingadditions:	$56.5 million

Last independent valuation
date:	dec 2015
valuation:	$58.0 million
valuation $/m2:	$2,273/m2
capitalisation rate:	7.00%
discount rate:	9.00%
lettable area:	25,516m2
Site area:	12ha
hardstand:
Weighted average lease expiry:	18.0years

Major tenants GLA (m[2] ) brownes food operations Pty ltd 25,516

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artist’s impression
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~~Coopers Paddock~~

Situated at Warwick Farm in the heart of South West Sydney, coopers Paddock offers a prime location for logistics and distribution providing good access to metropolitan Sydney and to interstate markets. the site comprises 11 hectares of industrial land with dA approval for approximately 52,000 sqm of industrial warehouses.

Location: Warwick Farm, NSW
acquisition date:	apr 2015
ownership/title:	100%/freehold
cost includingadditions:	$18.7 million

Last independent valuation
date:	N/a
valuation:	N/a
valuation $/m2:	N/a
capitalisation rate:	N/a
discount rate:	N/a
lettable area:	52,000m2
Site area:	11ha
hardstand:
Weighted average lease expiry:	N/a

GLA (m[2] )

Major tenants

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artist’s impression
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~~Yatala Distribution Centre~~

yatala distribution centre is located 33 kilometres south of the brisbane cbd. the property has direct access to the Pacific (m1) motorway via darlington drive. this site can deliver 44,000 sqm of prime warehousing and distribution facilities. A dA has been secured for stages one and two (21,100 sqm), with a further 23,100 sqm (stage three) being sought.

Location: Yatala, Qld

Location: Yatala, Qld
acquisition date:	Nov 2006
ownership/title:	100%/freehold
cost includingadditions:	$28.5 million

Last independent valuation
date:	jun 2016
valuation:	$6.7 million
valuation $/m2:	N/a
capitalisation rate:	N/a
discount rate:	N/a
lettable area:	44,000m2
Site area:	9ha
hardstand:
Weighted average lease expiry:	N/a

Major tenants GLA (m[2] )

Lease expiry profile %

100

vacant Fy 17 18 19 20 21+

lOGistics & Business Parks cOmmercial POrtfOliO

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~~Optus Centre~~

optus centre is located 12 kilometres north-west of Sydney cbd in macquarie Park. Situated on a 7.6 hectare site, the integrated campus comprises six low rise, A grade buildings with a combined nlA of 84,194 sqm together with 2,100 car parking spaces. optus centre is within close proximity to key amenities and is one of Australia’s largest single tenant office campuses.

Location: Macquarie Park, NSW

Location: Macquarie Park, NSW
acquisition date:	jul 2000
ownership/title:	51%/freehold
cost includingadditions:	$175.9 million

Last independent valuation
date:	mar 2016
valuation:	$227.0 million
valuation $/m2:	$5,287/m2*
capitalisation rate:	6.75%
discount rate:	7.50%
lettable area:	84,194m2
Site area:	8ha
hardstand:
Weighted average lease expiry:	6.0years
NabERS energyrating:	5.0
NabERS water rating:	3.5
Green Star Rating:	N/a

Major tenants NLA (m[2] )* optus administration 84,194

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~~Triniti Campus~~

located within riverside corporate Park, triniti is in close proximity to the north ryde railway station and provides Sydney cbd and district views. the campus currently houses blue chip companies including Goodman Fielder, cSr and downer Edi Engineering. the adjacent site has an approved dA for future office development.

Location: North Ryde, NSW acquisition date: jun 2001 ownership/title: 100%/freehold cost including additions: $151.7 million Last independent valuation date: dec 2015 valuation: $177.8 million valuation $/m[2] : $6,315/m[2] capitalisation rate: 7.00% discount rate: 8.25% lettable area: 28,157m[2] Site area: 3ha hardstand: Weighted average lease expiry: 2.9 years NabERS energy rating: t1 5.5 t2 5.0 t3 5.0 NabERS water rating: t1 5.0 t2 4.0 t3 3.5 Green Star Rating: t1 5.0 t2 5.0 t3 5.0 as built**

Major tenants NLA (m[2] ) downer Edi Engineering 10,199 Goodman fielder 8,521 cSR 5,752 Wilmar Sugar Pty ltd 734

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60-66 Waterloo Road
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60-66 Waterloo road is located in macquarie Park, 12 kilometres north-west of the Sydney cbd. 60 Waterloo road comprises a modern office, laboratory and warehouse building leased to laverty health until 2024. 66 Waterloo road offers A-grade office accommodation and is fully leased to both citrix and Jansen cilag.

Location: Macquarie Park, NSW

acquisition date: oct 2000 ownership/title: 100%/freehold cost including additions: $54.8 million Last independent valuation date: dec 2015 valuation: $95.2 million valuation $/m[2] : $5,199/m[2] capitalisation rate: 6.50-7.00% discount rate: 7.50-7.75% lettable area: 18,310m[2] Site area: 2ha hardstand: Weighted average lease expiry: 6.9 years NabERS energy rating: 5.0 NabERS water rating: 4.5 Green Star Rating: N/a

NLA (m[2] )

Major tenants laverty health 8,167 citrix 5,266 jansen cilag Pty ltd 4,857

Lease expiry profile %

100

100% interest

4 35

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2 36 23
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triniti 1, triniti 2 and triniti 3 respectively

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

29 71
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66 Waterloo Road only
** Green Star office as built v.2 - www.gbca.org.au

STOCKLAND PROPERTY PORTFOLIO Jun 2016

lOGistics & Business Parks cOmmercial POrtfOliO

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~~Macquarie Technology Centre~~

macquarie technology centre is located in macquarie Park, 12 kilometres north-west of the Sydney cbd. the site consists of two buildings, 33-39 talavera road and 11-17 khartoum road, both comprising office and warehouse accommodation with onsite parking for over 400 vehicles. the site has recently been refurbished and leased and is suitable for future redevelopment.

Location: Macquarie Park, NSW

acquisition date: oct 2000 ownership/title: 100%/freehold cost including additions: $45.8 million Last independent valuation date: dec 2015 valuation: $48.8 million valuation $/m[2] : $3,160/m[2] capitalisation rate: 7.00%-8.25% discount rate: 8.25% lettable area: 15,443m[2] Site area: 3ha hardstand: Weighted average lease expiry: 5.6 years NabERS energy rating: 4.0 (11 khartoum Road) NabERS water rating: N/a Green Star Rating: N/a

Major tenants NLA (m[2] ) chubb Security holdings australia Pty ltd 9,147 Noel arnold & associates 1,235 tardis Services 692 twin loop binding 556

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16 Giffnock Avenue
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located in macquarie Park, 12 kilometres north-west of the Sydney cbd, 16 Giffnock Avenue sits adjacent to the optus centre. the building consists of a modern commercial office, an ancillary warehouse and parking for 270 vehicles.

Location: Macquarie Park, NSW
acquisition date:	jul 2000
ownership/title:	100%/freehold
cost includingadditions:	$32.8 million

Last independent valuation
date:	dec 2015
valuation:	$42.4 million
valuation $/m2:	$3,629/m2
capitalisation rate:	7.75%
discount rate:	8.25%
lettable area:	11,684m2
Site area:	1ha
hardstand:
Weighted average lease expiry:	3.1years
NabERS energyrating:	3.5
NabERS water rating:	3.5
Green Star Rating:	N/a

NLA (m[2] )

Major tenants alstom Power 2,970 apotex 1,951 Endress + hauser australia Pty ltd 1,690 Sonartech atlas 1,672

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Satellite Corporate Centre

this two hectare business park is located in the eastern suburb of mulgrave, 25 kilometres from melbourne cbd. the site enjoys good access to the monash Freeway and arterial roads, Springvale road, Wellington road and Ferntree Gulley road.

Location: Mulgrave, Vic

Location: Mulgrave, Vic
acquisition date:	apr 2016
ownership/title:	100%/freehold
cost includingadditions:	$92.4 million

Last independent valuation
date:	N/a
valuation:	N/a
valuation $/m2:	N/a
capitalisation rate:	N/a
discount rate:	N/a
lettable area:	21,043m2
Site area:	2ha
hardstand:
Weighted average lease expiry:	8.2years
NabERS energyrating:	350W 3.0 352W 3.5 690S 1.5*
NabERS water rating:	N/a
Green Star Rating:	N/a

NLA (m[2] )


Major tenants	NLA(m2)
kmart australia ltd	15,626
toll transport Ptyltd	2,668
coles Groupltd	2,482

Lease expiry profile %

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6 6 9 4 1 74
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9 8 50 12 21
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2 29 69

350 Wellington St, 352 Wellington St and 690 Springvale Rd respectively

vacant Fy 17 18 19 20 21+

Office cOmmercial POrtfOliO

office

At 30 June 2016 the portfolio comprises 9 properties with Stockland’s ownership interests valued at $0.8 billion and gross book value of $1.1 billion. our focus is on maximising investment returns across the portfolio.

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77 Pacific highway, nSW

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Lease expiry profile %
5 8 22 18 14 33
vacant Fy
17 18 19 20 21+
Geographic split %
72 9 15 4
nSW Qld WA Act
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STOCKLAND PROPERTY PORTFOLIO Jun 2016

Office cOmmercial POrtfOliO

PICCADILLY COMPLEx AND 135 KING STREET, NSW

StocklaNd haS tWo PRomiNENt officE buildiNGS locatEd iN thE hEaRt of thE SydNEy cbd. thE Piccadilly comPlEx comPRiSES Piccadilly toWER, aN a-GRadE 32 StoREy officE buildiNG aNd a b-GRadE 14 StoREy officE buildiNG. iN additioN, thERE iS a tWo-StoREy REtail ShoPPiNG cENtRE. 135 kiNG StREEt comPRiSES a PRomiNENt 24 lEvEl, a-GRadE officE toWER aNd GlaSShouSE ShoPPiNG cENtRE, aNchoREd by SydNEy’S flaGShiP h&m StoRE.

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Office cOmmercial POrtfOliO

Offce Portfolio as at 30 June 2016

Page	Property	Location	NLA (m2)	Book value# ($m)	FY16 AIFRS NOI ($m)	Funds from operations ($m)	% of Offce Portfolio	Passing rent ($/m2)	Net/Gross
42	Piccadillycomplex,133-145 castlereagh Street,Sydney^**	nSW	39,306	209.0	11.4	13.8	27.6	665*	net
42	135 kingStreet,Sydney^**	nSW	27,221	140.9	6.3	9.3	18.6	830	Gross
42	601 Pacifc highway,St leonards	nSW	12,589	96.7	5.3	7.3	12.7	521	net
43	77 Pacifc highway,north Sydney	nSW	9,392	68.7	3.8	5.4	9.1	554	net
43	110 Walker Street,north Sydney	nSW	4,382	29.6	2.0	2.5	3.9	499	net
43	40 cameron Avenue,belconnen	Act	15,338	32.8	1.8	2.5	4.3	416	Gross
44	Garden Square,mt Gravatt	Qld	12,597	35.4	3.2	4.2	4.7	432	Gross
44	80-88 Jephson Street,23 and 27-29 high Street,toowong	Qld	7,888	28.8	1.9	2.3	3.8	441	Gross
44	durack centre,263 Adelaide terrace and 2 victoria Ave,Perth	WA	25,182	116.0	12.9	15.1	15.3	643	net
			153,895	757.9	48.6	62.4	100.0

Represents passing rent for tower only. Net court passing rent is $468/sqm.
** book value represents Stockland’s 50% ownership interest.
Represents the full carrying value of the investment property.
^ book value and Nla, office component only. Retail component included in Retail Portfolio.

STOCKLAND PROPERTY PORTFOLIO Jun 2016

Office cOmmercial POrtfOliO

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Piccadilly Complex

the Piccadilly complex comprises Piccadilly tower, an A-grade 32 storey office building, which includes Stockland’s head office and Piccadilly court, a b-grade 14 storey office building. in addition there is a two-storey retail shopping centre. Piccadilly court features recently refurbished ground floor lobby and both assets have recently undergone lift refurbishments. the asset is a joint venture between Stockland and investa office Fund.

Location: 133-145 Castlereagh Street, Sydney, NSW

acquisition date:	oct 2000
ownership/title:	50%/leasehold(Expiry2091)
cost includingadditions:	$121.3 million

Last independent valuation
date:	dec 2015
valuation:	$207.3 million
valuation $/m2:	$10,545/m2*
capitalisation rate:	6.13-7.00%
discount rate:	7.50%
carparkingspaces:	274
Net lettable area:	39,306m2
Weighted average lease expiry:	5.1years
NabERS energyrating:	5.0/5.0**
NabERS water rating:	4.5/4.0**
Green Star rating:	6 Star***(Stockland offce only)

Major tenants	NLA(m2)*
Stockland	10,151
unitingchurch	4,940
Ghd Services	3,739
the universityof Sydney	3,648
Smartsalary	3,264

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~~135 King Street~~

135 king Street comprises a prominent 24 level, A-grade office tower and Glasshouse Shopping centre, a three-level retail centre in the heart of Pitt Street mall. lifts have recently been refurbished and the building will soon benefit from new end of trip facilities. the asset is a joint venture between Stockland and investa commercial Property Fund.

Location: Sydney, NSW

Location: Sydney, NSW
acquisition date:	jun 2003
ownership/title:	50%/freehold
cost includingadditions:	$90.1 million

Last independent valuation
date:	dec 2015
valuation:	$141.0 million*
valuation $/m2:	$10,366/m2**
capitalisation rate:	6.00%
discount rate:	7.50%
carparkingspaces:	76
Net lettable area:	27,221m2
Weighted average lease expiry:	4.3years
NabERS energyrating:	4
NabERS water rating:	3.0
Green Star rating:	N/a

Major tenants	NLA(m2)**
brookfeld australia	4,428
Russell investments	3,696
uxc limited	3,626
moore Stephens	2,443
m&d Services Ptyltd	2,316

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~~601 Pacifc highway~~

601 Pacific highway is a high profile A-grade office tower located 200 metres east of St leonards railway station. the property comprises 13 office levels, ground floor showroom, two retail tenancies and basement car parking. ibm’s Australian head office occupies eight floors across 7,200 sqm, with all upper levels providing district and harbour views. the asset offers future development potential.

Location: St Leonards, NSW

Location: St Leonards, NSW
acquisition date:	jun 2003
ownership/title:	100%/freehold
cost includingadditions:	$74.0 million

Last independent valuation
date:	dec 2015
valuation:	$97.5 million
valuation $/m2:	$7,745/m2
capitalisation rate:	7.00%
discount rate:	7.75%
carparkingspaces:	158
Net lettable area:	12,589m2
Weighted average lease expiry:	2.9years
NabERS energyrating:	5
NabERS water rating:	4.0
Green Star rating:	N/a

Major tenants	NLA(m2)
ibm Global Services	7,283
fleet Partners	1,818
brown consulting	912
incorpinterior designs Ptyltd	434
Westpac bank	353

Lease expiry profile %

2 2 25 23 48

100% interest
** Piccadilly tower and Piccadilly court respectively

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25 7
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Excludes Retail
** 100% interest

2 62 20 16

*** Green Star office interiors v.1 - www.gbca.org.au

vacant Fy

17 18 19 20 21+

Office cOmmercial POrtfOliO

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~~77 Pacifc highway~~

Situated in a high profile location and in close proximity to north Sydney railway station, 77 Pacific highway offers extensive harbour and city views. the property comprises 15 levels of commercial tenants, ground floor café and two levels of basement parking. the A-grade property includes floor to ceiling glass façade and a doubleheight entry foyer.

Location: North Sydney, NSW

Location: North Sydney, NSW
acquisition date:	jan 2000
ownership/title:	100%/freehold
cost includingadditions:	$61.8 million

Last independent valuation
date:	dec 2015
valuation:	$68.0 million
valuation $/m2:	$7,240/m2
capitalisation rate:	7.00%
discount rate:	8.00%
carparkingspaces:	41
Net lettable area:	9,392m2
Weighted average lease expiry:	2.7years
NabERS energyrating:	4.5
NabERS water rating:	1.0
Green Star rating:	N/a

Major tenants	NLA(m2)
infosys technologies australia	1,321
health administration corporation	1,266
Saville & holdsworth australia	900
talent 2 Works Ptylimited	728
insurance house	710

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~~110 Walker Street~~

comprising over 4,000 sqm of office accommodation, 110 Walker Street is a seven level property located within the north Sydney cbd. it includes several terrace areas, a new café, ground floor retail and 80 basement car parking bays.

Location: North Sydney, NSW
acquisition date:	oct 2000
ownership/title:	100%/freehold
cost includingadditions:	$27.6 million

Last independent valuation
date:	dec 2015
valuation:	$29.6 million
valuation $/m2:	$6,755/m2
capitalisation rate:	7.25%
discount rate:	8.50%
carparkingspaces:	80
Net lettable area:	4,382m2
Weighted average lease expiry:	2.0years
NabERS energyrating:	4.5
NabERS water rating:	3.5
Green Star rating:	N/a

Major tenants	NLA(m2)
Rice daubney	1,454
Super iq	1,025
accor advantage Plus	664
j-Power australia	328
Wynyard(australia)Ptylimited	299

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~~40 Cameron Avenue~~

40 cameron Avenue occupies a prominent corner site in the southeastern precinct of the belconnen town centre. the property comprises four upper levels of office accommodation, basement car parking for 45 cars and on-grade parking for 176 cars. the building has floor plates in excess of 3,500 sqm.

Location: Belconnen, ACT

Location: Belconnen, ACT
acquisition date:	feb 2007/Nov 2009
ownership/title:	100%/leasehold(Expiry2096)
cost includingadditions:	$77.3 million

Last independent valuation
date:	dec 2015
valuation:	$33.0 million
valuation $/m2:	$2,152/m2
capitalisation rate:	11.00%
discount rate:	11.00%
carparkingspaces:	221
Net lettable area:	15,338m2
Weighted average lease expiry:	1.7years
NabERS energyrating:	Exempt
NabERS water rating:	Na
Green Star rating:	N/a

Major tenants	NLA(m2)
hewlett Packard Ptyltd	7,695

Lease expiry profile %

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52 28 17 3
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42 55
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111
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20 11 32 31

STOCKLAND PROPERTY PORTFOLIO Jun 2016 43

Office cOmmercial POrtfOliO

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~~Garden Square~~

Garden Square occupies a high profile location in the regional business district of upper mt Gravatt, 11 kilometres south of brisbane’s cbd. Garden Square is a commercial office park comprising two buildings, large flexible floorplates, and both basement and on-grade parking for over 400 vehicles.

Location: Mt Gravatt, Qld

Location: Mt Gravatt, Qld
acquisition date:	feb 2007
ownership/title:	100%/freehold
cost includingadditions:	$68.0 million

Last independent valuation
date:	jun 2014
valuation:	$36.5 million
valuation $/m2:	$2,898/m2
capitalisation rate:	9.25%
discount rate:	9.25%
carparkingspaces:	410
Net lettable area:	12,597m2
Weighted average lease expiry:	2.7years
NabERS energyrating:	4.5
NabERS water rating:	4.5
Green Star rating:	N/a

Major tenants	NLA(m2)
(department Public Works)Smart Services	2,774
(department Public Works)Education	1,920
(department Public Works)disabilityServices	1,856
(department Public Works)justice attorneyGeneral	1,515
(department Public Works)child Safety	935

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80-88 Jephson Street, 23 and 27-29 high Street
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80-88 Jephson, 23 and 27-29 high Street are located in the heart of toowong’s commercial district. 80-88 Jephson Street is a five-level office building that adjoins Stockland’s Woolworths toowong. 23 and 27-29 high Street offer both retail and office accommodation over two levels and are held as part of the toowong development site, which offers medium term mixed-use development potential.

Location: Toowong, Qld

Location: Toowong, Qld
acquisition date:	jun 2006/jul 2006/jan 2008
ownership/title:	100%/freehold
cost includingadditions:	$42.8 million

Last independent valuation
date:	dec 2015
valuation:	$25.9 million
valuation $/m2:	$3,283/m2
capitalisation rate:	7.50-8.75%
discount rate:	8.75-9.00%
carparkingspaces:	129
Net lettable area:	7,888m2
Weighted average lease expiry:	2.7years
NabERS energyrating:	2.0*
NabERS water rating:	4.0*
Green Star rating:	N/a

Major tenants	NLA(m2)
auto & General Services Ptyltd	1,896
Sonic healthcare	1,468
clinical Network Services	704
Webb australia Group (qld)P/l	603
bodycorporate Services	384

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Durack Centre

the durack centre is well located close to cbd and recreational parks. it comprises a 13-storey building and parking for 158 cars. the complex includes a second building at 2 victoria Avenue which holds a 6-Star Green Star design rating. both buildings enjoy large floor plates and extensive views across the Swan river.

Location: 263 Adelaide Terrace and 2 Victoria Ave, Perth, WA

acquisition date:	oct-06
ownership/title:	100%/leasehold
cost includingadditions:	$109.3 million

Last independent valuation
date:	jun 2016
valuation:	$116.0 million
valuation $/m2:	$4,606/m2
capitalisation rate:	8.00%
discount rate:	8.00-8.75%
carparkingspaces:	158
Net lettable area:	25,182m2
Weighted average lease expiry:	3.9years
NabERS energyrating:	5.0/5.0*
NabERS water rating:	3.5/4.0*
Green Star rating:	5 Star as built(2 victoria avenue)**

Major tenants	NLA(m2)
jacobs	9,280
Shell	5,670
australian bureau of Statistics	3,044
Stockland development	815
college of law	560

Lease expiry profile %

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7 58 2 7 26
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3 25 4 21 14 33
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80-88 jephson Street only

5 16 31 11 46

263 adelaide terrace and 2 victoria ave respectively
** Green Star office design v.2 (2 victoria avenue only) - www.gbca.org.au

vacant Fy

17 18 19 20 21+

residential cOmmunities residential POrtfOliO

residential communities

Stockland is the leading residential developer in Australia and is focused on delivering a range of masterplanned communities and medium density housing in growth areas across the country. Stockland has over 76,800 lots remaining in its portfolio with a total end value of approximately $18.8 billion*.

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north Shore, Qld

Geographic split %*

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14 27 47 12
by current lots
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nSW vic Qld WA
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Excluding value on projects identified for disposal.

STOCKLAND PROPERTY PORTFOLIO Jun 2016

residential cOmmunities residential POrtfOliO

WILLOWDALE, NSW WilloWdalE iS a GRoWiNG maStERPlaNNEd commuNity offERiNG oPPoRtuNitiES to PuRchaSE laNd lotS, toWNhomES aNd REtiREmENt villaGE liviNG. SEt amoNG hEctaRES of PaRkS, GaRdENS, WalkiNG aNd ExERciSE aNd bikE tRailS, WilloWdalE alSo haS futuRE PlaNS to iNcludE a NEiGhbouRhood ShoPPiNG cENtRE aNd SPEcialty StoRES, aloNG With a PRoPoSEd StatE PRimaRy School, a REGioNal PaRk aNd PlayGRouNd, aNd PlayiNG fiEldS. cloSE to thE lEPPiNGtoN tRaiN StatioN aNd iN EaSy REach of thE m5 aNd m7 motoRWayS thiS commuNity iS vERy WEll coNNEctEd.

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residential cOmmunities residential POrtfOliO

NSW – released to market

Property/		Total project
Acquisition date	Location	value ($m)*	Total lots	% Sold^	Price range ($)	Project description
Willowdale**	denham court	1,182	3,282#	37	260,000 – 514,000	the site is located 1.5 kilometres from leppington railway station, ten minutes to
2011						the m5 & m7 motorways, and approximately 50 kilometres from the Sydney cbd.
						once complete, a community of over 3,000 new homes including a 200 townhouse
						medium density development, completed homes, retirement living and capacity for
						future retail opportunities,communitycentre,sports ovals and aproposed school.
Elara**	marsden Park	971	2,496#	22	280,000 – 511,000	Elara is an exciting new community in Sydney’s north-west and will feature tree-
2012, 2014						lined streets, parks and green open spaces in a picturesque setting with views
						to the blue mountains. Elara will eventually include over 2,000 homes including a
						228 lot townhouse medium density development across the 198 hectare site. the
						development is close to key transport links, employment centres and has easy
						access to blacktown, Parramatta and the Sydney cbd, which is less than an hour
						bytrain.
mckeachie’s run	maitland	197	1,069	78	155,000 – 330,000	located 40 minutes west of newcastle in maitland, mckeachie’s run has a strong
2003, 2011						community feel and amenities such as the sporting felds, shopping village and
						childcare centre.
macarthur Gardens***	campbelltown	175	473#	40	n/A	macarthur Gardens is a 276 lot townhome development in the well-established
2003, 2011						suburb of campbelltown, 60 kilometres from the Sydney cbd. the development is
						adjacent to the university of Western Sydney, campbelltown tAFE, macarthur train
						station and close to the major campbelltown shoppingcentre.
Waterside	Penrith	170	610	92	240,000 – 350,000	Waterside is located close to Penrith and offers a community facility comprising a
2003						swimming pool,community pavilion andplayground.
brooks reach	South coast	131	597	75	209,000 – 356,000	located 1.5 hours south of Sydney in the foothills of the illawarra escarpment. it is
2003						appealingto local upgradingfamilies and frst home buyers.
Altrove	Schofelds	424	1,193#	1	400,000 – 560,000	located approximately 40 kilometres north-west of the Sydney cbd, the
2015						development adjoins the Schofelds train Station and is a few minutes drive to
						the rouse hill town centre. the community will feature 264 residential lots, 371
						townhouses and a 12,000 sqm town centre with retail facilities adjacent to 558 new
						apartments.
murrays beach^^^	lake macquarie	n/A	489	63	n/A	located 1.5 hours drive north of Sydney having frontage to lake macquarie. this
2004						project offers superb natural environments and lakeside living.
		3,250	10,209

total revenue generated throughout the life of the project.
^ % sold relates to contracts settled.
** includes options taken over land.
*** Represents Stockland’s estimated share of joint development income including an option for future development.
^^^ identified for disposal.
dwellings

STOCKLAND PROPERTY PORTFOLIO Jun 2016

residential cOmmunities residential POrtfOliO

ALTROVE, NSW

altRovE Will fEatuRE fREEStaNdiNG homES, tERRacES, aPaRtmENtS, SENioR’S liviNG, aNd a REtail cENtRE. With PlaNS foR a 1.6 hEctaRE hilltoP PaRk, PlayGRouNdS, WalkiNG tRailS, fitNESS StatioNS, a doG PaRk aNd a REtail PREciNct. SchofiEldS tRaiN StatioN iS locatEd diREctly oPPoSitE thE commuNity, With diREct RoutES to cENtRal aNd PaRRamatta aNd EaSy accESS by caR to thE m7 motoRWay.

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artist’s impression
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residential cOmmunities residential POrtfOliO

NSW – development pipeline

Property/		Total project
Acquisition date	Location	value ($m)*	Total lots	Price range ($)	Project description
Anambah^^^	hunter/north coast	n/A	2,305	n/A	Future release area located 45 minutes west of newcastle and is a continuation of the maitland growth
2003	regions				corridor.
illawarra**	South coast	186	642	166,000 – 265,000	located 1.5 hours south of Sydney in the foothills of the illawarra escarpment.
2003
lochinvar**^^^	hunter/north coast	n/A	692	153,000 – 275,000	located 45 minutes west of newcastle in the maitland hinterland.
2003	regions
Wallarah Peninsula (coast &	lake macquarie	n/A	594	n/A	located 1.5 hours drive north of Sydney. this project will offer superb natural living environments,
north Sectors)^^^					located high on the hills and within close proximity to nearby beaches.
2004
West dapto 2**^^^	South coast	n/A	623	n/A	located 1.5 hours south of Sydney in the foothills of the illawarra escarpment.
2003
		186	4,856

total revenue generated throughout the life of the project.
** includes options taken over land.

^^^ identified for disposal.

STOCKLAND PROPERTY PORTFOLIO Jun 2016

residential cOmmunities residential POrtfOliO

AURA, QLD

auRa Will EStabliSh a WoRld claSS StaNdaRd iN SuStaiNablE commuNity cREatioN dElivERiNG ovER 20,000 NEW homES aNd attRactiNG Global buSiNESS oPPoRtuNitiES. a thRiviNG city hEaRt, buSiNESS aNd ENtERPRiSE hubS, SchoolS, a uNivERSity, REtiREmENt aNd aGEd caRE oPtioNS, SPoRtiNG aNd cultuRal cENtRES, REcREatioN PaRkS, ExtENSivE tRaNSPoRt NEtWoRk, aNd coNSERvatioN aREaS Will all fEatuRE iN auRa.

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artist’s impression
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residential cOmmunities residential POrtfOliO

Queensland – released to market

~~Queensland – released~~	~~to market~~
Property/		Total project
Acquisition date	Location	value ($m)*	Total lots	% Sold^	Price range ($)	Project description
Aura	caloundra	5,000	20,000#	1	n/A	Australia’s largest master planned community in single ownership and largest 6 star
2004						Green Star community, Aura will be a city that caters for every life stage. distinctive
						urban villages will blend seamlessly with a thriving city heart, business and enterprise
						hubs, schools, a university, retirement and aged care options, sporting and cultural
						centres, endless recreation parks, extensive transport network and over 700 hectares
						of conservation areas.
north lakes	north lakes,	1,225	4,951#	93	238,000 – 490,000	An award winning major residential masterplanned community. Situated 30 kilometres
2004	moreton bay					north of brisbane with multiple schools, a town centre, a major retail shopping
						area, commercial property precinct and golf course. north lakes has successfully
						introduced a medium density offering in Fy16. marketed as SolA and in partnership
						with metricon, this development is located in the heart of the town centre next door
						to Westfeld Shoppingcentre and north lakes rail link station.
north Shore	townsville	1,082	5,544	32	105,000 – 265,000	An innovative and award winning masterplanned community, 12 kilometres north
2001						of the townsville cbd, offers schools, parks, aquatic centre, town square and a
						neighbourhood Stockland shopping centre. 30 per cent of north Shore is dedicated
						to natural open spaces.
brightwater	Sunshine coast	500	1,695#	91	365,000 – 650,000	A vibrant residential community, which is situated on the southern end of the
2004						Sunshine coast close to mooloolaba. brightwater includes a school, childcare
						centre and shopping precinct. it also has its own central lake and nine pocket
						parks. the exquisitely designed mainwaring collection of townhomes across four
						sites surrounding the central brightwater lake was brought to market in Fy16,
						complimentingthe existing product offeringat brightwater.
birtinya island	Sunshine coast	446	982#	61	215,000 – 500,000	A precinct in the oceanside community, situated on the impressive lake kawana,
2004						with its own private rowing course, birtinya is a stylish residential community full of
						quality designer homes. located just one hour north of brisbane, birtinya is right on
						the doorstep of the future kawana town centre and just minutes to pristine golden
						surf beaches.
the observatory	kingsmore	264	906	98	415,000 – 640,000	Elevated central Gold coast location with sweeping coastline views from Surfers
2002						Paradise to coolangatta. close to Gold coast’s best shopping, private and public
						schools.
highland reserve	upper coomera	263	1,167	89	209,000 – 324,000	25 kilometres north-west of Surfers Paradise in the northern Gold coast growth
2003						corridor, only 40 minutes south of brisbane, providing easy access to shops, schools
						and children’s playground. At the heart of the community is the picturesque lake and
						communityhub with a café,convenience store and childcare centre.
Augustine heights	Greater Springfeld	240	1,010	85	227,500 – 404,000	located in the Springfeld growth corridor of ipswich, this boutique community offers
2003						wide open-space living, a private and public school and is minutes from shops,
						transport,cafés,universities and health services.
riverstone crossing***	maudsland	200	762	82	249,000 – 400,000	located 20 kilometres north-west of Surfers Paradise set on a magnifcent 194
2002						hectares at the foot of mount tamborine, riverstone crossing offers residents
						exclusive access to the riverhouse lifestyle centre with pool, gym, spa, sauna and
						tennis courts.
north lakes business Park	north lakes,	181	110	63	n/A	the north lakes business Park is a commercial site situated on the edge of the
2004	moreton bay					north lakes masterplanned communities.

total revenue generated throughout the life of the project.
^ % sold relates to contracts settled.
dwellings
*** includes Stockland’s estimated share of joint development income (Stage 1 only). total lots represents 100% of the project.

STOCKLAND PROPERTY PORTFOLIO Jun 2016

residential cOmmunities residential POrtfOliO

SOVEREIGN POCKET, QLD

SovEREiGN PockEt, at dEEbiNG hEiGhtS PRovidES EaSy accESS to thE iPSWich cbd, ShoPPiNG, EducatioN, hEalth SERvicES aNd Public tRaNSPoRt, toGEthER With thE cuNNiNGham aNd cENtENaRy hiGhWayS. familiES aRE dRaWN to itS NatuRal oPEN SEttiNG, WidE StREEtS, kilomEtRES of WalkiNG aNd bikE PathS, bEautiful PaRklaNdS aNd itS oWN StatE School. thE RESidENtial commuNity offERS a RaNGE of affoRdablE laNd foR SalE aNd a SElEctioN of houSE aNd laNd PackaGES toGEthER With a GRoWiNG diSPlay villaGE.

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residential cOmmunities residential POrtfOliO

Queensland – released to market (continued)

Property/		Total project
Acquisition date	Location	value ($m)*	Total lots	% Sold^	Price range ($)	Project description
kawana business village	Sunshine coast	143	61	41	n/A	the kawana business village is a commercial and retail precinct of the kawana
2004						community. it is located on the southern end of the Sunshine coast approximately
						one hour drive north of brisbane, adjacent to the Sunshine coast university hospital,
						which is under construction.
ormeau ridge****	ormeau	146	665	60	207,000 – 327,000	conveniently located halfway between brisbane and the Gold coast. the community
2008						features include a one hectare park with adventure playground and a commercial site
						planned for childcare and convenience amenity.
Sovereign Pocket	deebing heights	127	707	48	130,500 – 250,000	Sovereign Pocket is six kilometres from the ipswich cbd. it has easy access to both
2010						the cunningham and centenary highways. the development includes large open
						spaces, a recently opened school, a natural parkland, barbecue facilities, biking and
						walkingtracks.
Stone ridge	narangba	126	593	64	186,000 – 280,000	Stone ridge is located in the moreton bay shire, situated between brisbane and the
2010						Sunshine coast. the community features an 8.5 hectare eco-corridor and views to
						the Glasshouse mountains.
vale	logan	122	637	55	140,000 – 250,000	located within logan city catchment just two kilometres from beenleigh town
2010						centre and 30 kilometres to the brisbane cbd. the community appeals strongly to
						frst home buyers with shops and a large range of schools close by.
hundred hills****	murwillumbah	44	236	46	165,000 – 180,000	located 25 kilometres south of the Qld/nSW border, hundred hills appeals to frst
2007						home buyers and downsizers alike with spectacular views to mt Warning. A range of
						shops and schools are also close by.
north lakes Enterprise	north lakes,	n/A	1	0	n/A	A 32 hectare site that is approved for General industry. located on boundary road
Precinct^^^	moreton bay					in the suburb of north lakes, the project is proximate to the bruce highway, which
2009						facilitates direct travel routes to keylocations.
newport	Scarborough	631	1,677	0	237,000 – 750,000	located in close proximity to north lakes, newport will provide a range of living
2015						options includingwaterfrontproperties with access to moreton bay.
Pallara	Pallara	194	719	0	250,000 – 395,000	Pallara is one of the last remaining greenfeld residential development opportunities
2003						within brisbane city council, located 19 kilometres from the cbd. it will offer a
						variety of housing choice – all complemented by a district park, two local parks and
						conservation area.
		10,934	42,423

total revenue generated throughout the life of the project.
^ % sold relates to contracts settled.
**** Represents Stockland’s 50% share until december 2015 when Stockland acquired 100% ownership. Post december 2015, 100% of the total project value is included.^^^ identified for disposal.

STOCKLAND PROPERTY PORTFOLIO Jun 2016

residential cOmmunities residential POrtfOliO

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NEWPORT, QLD
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takiNG PRidE of PlacE iN thE REdcliffE PENiNSula, thE NEWPoRt commuNity Will PRovidE a WidE RaNGE of WatERSidE aNd WatERfRoNt homES SuitablE foR diffERENt lifEStylE NEEdS. NEWPoRt Will fEatuRE a PRoPoSEd REtail aNd diNiNG PREciNct iN thE toWN cENtRE, a PRoPoSEd child caRE cENtRE, a REtiREmENt villaGE, foREShoRE PaRkS aNd a uNiquE 23 hEctaRE NoN-tidal lakE offERiNG hiGh maSt boat accESS to moREtoN bay.

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artist’s impression
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residential cOmmunities residential POrtfOliO

Queensland – development pipeline

Property/		Total project
Acquisition date	Location	value ($m)*	Total lots	Price range ($)	Project description
rockhampton	rockhampton	575	2,272	120,000 – 170,000	located seven kilometres north of Stockland rockhampton and ten kilometres north of the
2010					rockhampton cbd.
Paradise Waters	deebing heights	563	2,080	126,000 – 240,000	Paradise Waters is located in the ripley valley growth corridor and enjoys access from the newly
2010					constructed centenaryhighway.
caboolture West/ripeford**	caboolture	359	1,403	110,000 – 180,000	located approximately 45 kilometres north of brisbane and 25 kilometres north-west of north lakes.
2008
bokarina beach	Sunshine coast	135	295	n/A	A future oceanfront development precinct of the oceanside community, which is situated on the
2004					southern end of the Sunshine coast. one hour drive north of brisbane.
bahrs Scrub^^^	logan	n/A	2	n/A	located within a local development area 35 kilometres south of brisbane in the northern Gold coast
2008					corridor.
coomera	coomera	157	498	218,000 – 397,000	located in the high growth suburb of coomera, approximately 56 kilometres south of the brisbane
2016					cbd. bordering the coomera river and oakey creek, it will be an ecologically integrated community
					with an outlook to the Gold coast skyline and hinterland.
twin Waters West	Sunshine coast	n/A	849	n/A	located eight kilometres from maroochydore, bordered by the maroochy river, the motorway, the
2005					david low Wayand ocean drive.
		1,789	7,399

total revenue generated throughout the life of the project.
** includes options taken over land.

^^^ identified for disposal.

STOCKLAND PROPERTY PORTFOLIO Jun 2016

residential cOmmunities residential POrtfOliO

CLOVERTON, VIC

clovERtoN iS victoRia’S laRGESt maStERPlaNNEd city With thE PlaN comPRiSiNG ovER 11,000 RESidENtial lotS, a 60 hEctaRE PRiNciPal activity cENtRE iNcludiNG thE REGioNal ShoPPiNG cENtRE foR mElbouRNE’S ExPaNdEd NoRth, a NumbER of commuNity hubS aNd uP to EiGht PRimaRy aNd SEcoNdaRy SchoolS. thE fiRSt homES aRE NoW uNdER coNStRuctioN at clovERtoN aNd fiRSt RESidENtS Will bE WElcomEd latER thiS yEaR.

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artist’s impression
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residential cOmmunities residential POrtfOliO

Victoria – released to market

Property/		Total project
Acquisition date	Location	value ($m)*	Total lots	% Sold^	Price range ($)	Project description
cloverton**	kalkallo/beveridge	3,430	11,042	1	148,000 – 248,000	cloverton is a large consolidated development site within melbourne’s urban growth
2010						boundary. it is located on the hume highway in kalkallo, about 35 kilometres north of
						the melbourne cbd in the city of hume, Whittlesea and mitchell. it will be developed
						as a masterplanned community and will support approximately 11,000 houses and a
						major activity centre including a regional shopping centre and train station. there will
						also be an extensive range of schools, community and recreation facilities and open
						space. A diverse range of products are being offered including completed homes in
						partnershipwith a range ofqualityhome builders.
highlands (including mt	craigieburn	1,921	8,980#	59	145,000 – 277,000	An award winning masterplanned community located in melbourne’s northern
ridley road and lakeside)						suburbs with picturesque views of surrounding hills and the melbourne cbd skyline.
2004, 2010, 2013, 2015						the project provides for residential, medium density, retirement living and schools,
						together with retail and commercial amenity. included is a 108 hectare site (formerly
						known as craigieburn) of residential zoned land acquired from Places victoria in
						december 2013. the site is located within close proximity to the newly completed
						$330 million craigieburn town centre development: craigieburn central. highlands
						has successfully launched a medium density offering in partnership with metricon.
						marketed as townliving, this 285 townhouse development is located on the edge of
						the highlands lake. this complements the existing land, home and land, completed
						homes and retirement village offerings that will continue to be offered at highlands.
the Grove	tarneit	637	2,547	7	149,000 – 288,000	this site is within melbourne’s urban growth boundary and adjoins the existing
2010						urban area of tarneit. it is 28 kilometres west of the melbourne cbd in the city
						of Wyndham. the masterplanned community will include over 2,500 homes, a
						neighbourhood activity centre, schools and a network of parks linked to davis creek
						and Werribee river.
mernda villages	mernda	569	2,991	84	139,000 – 260,000	A major masterplanned community, located 29 kilometres north of melbourne,
2002						appealingto a broad market including youngand mature families.
Eucalypt	Epping	386	1,695	61	142,000 – 280,000	residential community located in melbourne’s north-eastern suburbs with frontage to
2009,2011						Findon creek. theprojectprovides for residential,medium densityand mixed-use.
Allura	truganina	315	1,345#	81	165,500 – 294,500	A masterplanned community incorporating residential, a proposed medium density
2009						development with approximately30 dwellings,localparks and schools.
the Address	Point cook	148	486	47	238,500 – 545,000	A premium boutique 33 hectare community in Point cook that will compromise 486
2015						new homes,a childcare centre and a two hectare central Park.
Arve	ivanhoe	69	81#	0	n/A	located 10 kilometres from the cbd the development comprises 81 townhomes
2015						and is serviced by well-established amenity including shopping, transport and sought
						afterpublic andprivate schools.
		7,475	29,167

total revenue generated throughout the life of the project.
^ % sold relates to contracts settled.
** includes options taken over land.
dwellings

STOCKLAND PROPERTY PORTFOLIO Jun 2016

residential cOmmunities residential POrtfOliO

ThE ADDRESS, VIC thE addRESS iS locatEd iN thE hiGhly dESiRablE PockEt of PoiNt cook, 25 kilomEtRES WESt of mElbouRNE’S cbd. a boutiquE commuNity of 486 lotS, it offERS a childcaRE cENtRE aNd cENtRal PaRk With EStabliShEd amENity juSt momENtS aWay.

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residential cOmmunities residential POrtfOliO

Victoria – development pipeline

Property/		Total project
Acquisition date	Location	value ($m)*	Total lots	Price range ($)	Project description
mickleham	mickleham	239	914	n/A	mickleham is an 80 hectare site fronting mickleham road which is located within the urban growth
2015					boundary in the northern suburbs of melbourne. the site is located within close proximity to
					Stockland’s existing highlands project and the newly completed $330 million craigieburn town centre
					development: craigieburn central. the site will require Precinct Structure Plan (PSP) approval prior to
					the commencement of future residential development.
clyde north	clyde north	186	797	n/A	the tuckers rd property is a 65 hectare parcel in clyde north, approximately 50 kilometres from the
2015					melbourne cbd and 1.6 kilometres east of Stockland’s existing Selandra rise project. the property
					is within the fast growing casey corridor in melbourne’s South East. the land is included within the
					clyde creek Precinct Structure Plan (PSP) that was approved for development by the victorian State
					Government in november 2014. the project is expected to yield 797 residential lots and feature an
					attractive open space corridor alongclyde creek.
Stamford Park	rowville	108	180#	n/A	Stamford Park is a 6.3 hectare medium density site, 26 kilometres south east of melbourne cbd.
2015					located adjacent to kingston links Golf course, the new community will comprise a diverse mix of
					around 150 single, two and three storey townhouses and approximately 30 apartments in a low-rise
					building with ground foor parking. the property will be developed into the medium density residential
					component of a wider 40 hectareparkland,wetland and heritageprecinct.
		533	1,891

total revenue generated throughout the life of the project.
dwellings

STOCKLAND PROPERTY PORTFOLIO Jun 2016

residential cOmmunities residential POrtfOliO

WhITEMAN EDGE, WA

WhitEmaN EdGE iS a maStERPlaNNEd commuNity iN bRabham, offERiNG a mix of laNd, comPlEtEd homES aNd futuRE toWNhouSE oPPoRtuNitiES, oPPoSitE to thE 4,000 hEctaRE REcREatioN aNd coNSERvatioN RESERvE, WhitEmaN PaRk. homE to touchEd by olivia’S fiRSt Wa all abilitiES PlayGRouNd ‘livvi’S PlacE’, WhitEmaN EdGE PRovidES a commuNity ENviRoNmENt WhERE youNG aNd GRoWiNG familiES caN thRivE. WhitEmaN EdGE alSo haS futuRE PlaNS to iNcludE a NEiGhbouRhood ShoPPiNG cENtRE aNd SPEcialty StoRES.

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residential cOmmunities residential POrtfOliO

Western Australia – released to market

Property/		Total project
Acquisition date	Location	value ($m)*	Total lots	% Sold^	Price range ($)	Project description
vale	Aveley	736	3,461#	52	129,000 – 400,000	An award-winning, masterplanned community located near the picturesque
2011						Swan valley wine region 21 kilometres north-east of Perth’s cbd. the estate will
						incorporate schools, medium density residential and completed homes, a district
						Sportingcomplex,a retail centre, public open spaces and lakes.
newhaven	Piara Waters	653	2,667	85	192,000 – 392,000	outstanding quality and originality of design have culminated in this award-winning
2001, 2005, 2007, 2014						masterplanned community. the project has combined residential, educational and
						recreational facilities within a sought after location resulting in a popular established
						neighbourhood.
calleya	banjup	571	1,932#	30	171,500 – 376,500	calleya is an exciting 145 hectare community that will ultimately feature over 1,900
2008						residential lots including a future medium density offering with a proposed 175
						townhouse development to commence in Fy17. other amenity offerings include a
						primary school and neighbourhood centre with 13 percent of the project dedicated to
						natural open space. located 18 kilometres from the Perth cbd, calleya is perfectly
						positioned close to key transport links; the kwinana Freeway and cockburn central
						railwaystation.
Whiteman Edge	brabham	467	2,139	59	95,000 – 327,500	Situated 20 kilometres north-east of Perth’s cbd, this masterplanned community will
2011, 2014						include over 2,000 homes. Whiteman Edge residents will enjoy a town centre, several
						parks and direct links to Whiteman Park.
Sienna Wood***	brookdale	382	3,639	13	134,000 – 267,000	this joint venture with the department of housing in WA will create a new
2004, 2007, 2010						masterplanned community 30 kilometres south-east of the cbd. the project is set to
						produce over 3,600 lots over the next 15 years and will see the land transformed into
						a vibrant, cohesive community which will include multiple schools, a destination park
						and future town centre.
Amberton***	Eglinton	323	2,531	31	139,500 – 435,000	A private joint venture to create a well-designed community on Perth’s northern
2010						beaches. located approximately 45 kilometres from Perth’s cbd along a stretch
						of pristine coastline, the estate will feature tree-lined streets, public open spaces,
						children’splayground,shops and a beachside café.
baldivis town centre	baldivis	47	161	98	n/A	baldivis town centre is comprised of retail, commercial, mixed-use lots and
2001						residential.
		3,179	16,530

total revenue generated throughout the life of the project.
^ % sold relates to contracts settled.
*** includes Stockland’s estimated share of joint development income.
dwellings

STOCKLAND PROPERTY PORTFOLIO Jun 2016

retirement liVinG retirement POrtfOliO

CARDINAL FREEMAN ThE RESIDENCES, NSW

caRdiNal fREEmaN thE RESidENcES iS iN thE SouGht aftER iNNER-WESt SubuRb of aShfiEld. cloSE to ShoPS aNd tRaNSPoRt, thE villaGE fEatuRES a maGNificENt chaPEl aloNG With thE hERitaGE liStEd GlENtWoRth houSE. thERE iS aN oNSitE aGEd caRE facility oWNEd aNd oPERatEd by oPal aGEd caRE uNdER thE PaRtNERShiP EStabliShEd bEtWEEN StocklaNd aNd oPal aGEd caRE. StocklaNd REcENtly commENcEd a majoR REdEvEloPmENt of caRdiNal fREEmaN, Which Will iNcludE 240 NEW aPaRtmENtS. thE fiRSt tWo NEW buildiNGS WERE SEttlEd aNd comPlEtEd iN 2016.

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retirement liVinG retirement POrtfOliO

retirement living

Stockland is a top 3 retirement living operator within Australia, with over 9,600 established units across five states and the Act. the portfolio includes a short to medium term development pipeline of over 3,100 units.

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Fig tree village, Qld

Geographic split %*

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26 42 15 5 1 11
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Established and pipeline units

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nSW vic Qld WA Act SA
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STOCKLAND PROPERTY PORTFOLIO Jun 2016

retirement liVinG retirement POrtfOliO

GREENLEAVES RETIREMENT VILLAGE, QLD

GREENlEavES REtiREmENt villaGE iS locatEd iN thE hEaRt of a thRiviNG local commuNity, adjacENt to a ShoPPiNG cENtRE aNd ciNEma comPlEx. a boWliNG GREEN, libRaRy, Pool aNd baRbEcuE aREa aRE SomE of thE facilitiES oN offER at GREENlEavES.

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retirement liVinG retirement POrtfOliO

Retirement Living – established villages

Property/
Opening date	Location	Total units	Price range ($)#	Project description
north lakes retirement resort	north lakes, Qld	354	135,500 – 610,000	located in one of Australia’s fastest growing regions, the north lakes retirement resort is only 35 minutes
2005				from brisbane and 30 minutes from brisbane international Airport. the resort layout provides security as well
				as an outstanding array of amenities. the resort is within the expanding north lakes town centre and easy
				walkingdistance from the shoppingcentre,health and educationprecincts.
macarthur Gardens retirement village	campbelltown, nSW	264	331,500 – 600,000	the village is conveniently located between macarthur Square shopping centre and campbelltown Golf club.
2011				village facilities include bowling green, indoor pool, bar, café, outdoor chessboard, work shed, putting green
				andpractice drivingnet.
the Willows retirement village	Winston hills, nSW	262	132,000 – 806,000	the Willows retirement village is situated at Winston hills in north-west Sydney. the village is close to
1988				shopping centres, sports clubs, hospitals, 24-hour medical facilities and less than one kilometre to the m2
				freewayleadingto Sydney’s cbd. A future opal Aged care facilityis earmarked for the village.
burnside village	burnside, vic	258	157,000 – 387,000	burnside village is located off the Western highway in melbourne’s burgeoning west, approximately 20
2002				minutes from the melbourne cbd. virtually next door is burnside Shopping centre complete with two
				supermarkets and specialtyretail.
latrobe village	reservoir, vic	249	121,000 – 415,000	At latrobe village residents enjoy a convenient lifestyle, living within walking distance of Summerhill village
1989				Shoppingcentre and close to transport,major hospitals,bundoora Park and Preston markets.
Somerton Park Seniors’ living community	Somerton Park, SA	246	206,000 – 574,500	Somerton Park Seniors’ living community provides a wonderfully safe and secure environment with a wide
1968				range of activities and facilities on offer. there is a thriving residents’ vegetable garden, family barbecue areas
				and comfortable indoor and outdoor social spots.
bundoora village	bundoora, vic	242	183,000 – 619,000	bundoora village is situated close to the northern ring road, rmit university, shopping strips and is well
2003				serviced by public transport. the 6.7 hectare site enjoys excellent views over the PlentyvalleyGorge.
hillsview retirement village	happy valley, SA	233	214,000 – 366,500	hillsview retirement village is situated on a premier hillside site in happy valley with most of the units having
1982				spectacular views over the happyvalleyreservoir,or to the coastline of Gulf St vincent.
Patterson lakes village	Patterson lakes, vic	207	126,500 – 355,500	Patterson lakes village is located directly opposite Patterson lakes Shopping centre and marina and features
1980				a central lake as the focal point of the village. local bus services passing the front gate link to carrum railway
				station. Patterson lakes village has both independent livingvillas and serviced apartments.
knox village	Wantirna South, vic	204	272,500 – 506,500	knox village enjoys an excellent location directly opposite knox Shopping centre, comprising cafés,
1978				restaurants,a cinema complex and a wide range ofgroceryand retail outlets.
Plenty valley village	Epping, vic	204	178,000 – 575,500	Plenty valley village is situated off mcdonalds road in Epping, within close proximity to the nearby Epping
2006				shoppingcomplex. the location is well serviced with transport,healthcare,medical and aged care facilities.
Golden Ponds resort	Forster, nSW	203	151,000 – 497,000	Golden Ponds resort is set between Wallis lake and the beaches of Forster on the nSW mid-north coast.
1988				the resort is surrounded by13 hectares of landscapedgrounds, ponds and rainforest.
cardinal Freeman the residences (formerly	Ashfeld, nSW	201	154,000 – 1,260,000	cardinal Freeman the residences is in the sought after inner-west suburb of Ashfeld. close to shops and
cardinal Freeman retirement village)^				transport, the village features a magnifcent chapel along with the heritage listed Glentworth house. there
1980				is an onsite aged care facility owned and operated by opal Aged care under the partnership established
				between Stockland and opal Aged care. Stockland recently commenced a major redevelopment of cardinal
				Freeman, which will include 240 new apartments. the frst two new buildings were settled and completed in
				2016.
taylors hill village	taylors hill, vic	199	242,500 – 464,500	taylors hill village is located approximately fve minutes from the calder Freeway and Watergardens regional
2005				Shopping centre. the village features modern community facilities with both independent living units and
				apartments.
Arilla village	South morang, vic	197	304,500 – 651,500	Arilla village is situated in melbourne’s north, home to over 250 residents offering a range of luxury apartments
2010				and villas with foor plans to suit every budget and lifestyle. the health and wellbeing centre, located on
				the ground foor of the apartment building features a pool, gym and hair salon. the village offers a range of
				activities and the communitycentre features a cafe,library,town hall and bowling green.
keilor village	keilor, vic	191	122,000 – 504,000	keilor village benefts from close proximity to the Western ring road and calder Freeway and bus services
1997				runningdirectly past the site. it is a short distance to numerous shoppingoptions.

occupied units as proportion of Established units available for occupancy
Price range based on Established units
^ currently under development

STOCKLAND PROPERTY PORTFOLIO Jun 2016

retirement liVinG retirement POrtfOliO

SELANDRA RISE RETIREMENT VILLAGE, VIC

SElaNdRa RiSE offERS a StatE of thE aRt clubhouSE facility dEdicatEd to thE NEEdS of ouR RESidENtS, With a GymNaSium, iNdooR hEatEd SWimmiNG Pool aNd SPa, libRaRy, haiR SaloN, moviE thEatRE, louNGE ZoNES, cafÉ, baR, aNd a toWN hall foR daNciNG, commuNity EvENtS aNd iNdooR boWlS. thE villaGE Will bE homE to ovER 300 RESidENtS.

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retirement liVinG retirement POrtfOliO

Retirement Living – established villages (continued)

Property/
Opening date	Location	Total units	Price range ($)#	Project description
Gowanbrae village	Gowanbrae, vic	189	315,000 – 670,000	Gowanbrae village enjoys an excellent location ten kilometres north of melbourne’s cbd, providing quick
2008				access to the city, airport and surrounding suburbs. it has spacious grounds and the community centre
				includes apool,libraryand bowling green.
Fig tree village	murrumba downs,	187	330,000 – 520,000	Fig tree village is well located adjacent to a neighbourhood shopping centre with access to medical and
2009	Qld			recreational facilities. the village offers a heated indoor pool, bowling green, bar, library, gym, billiards room
				and hair salon.
cameron close village	burwood, vic	184	158,500 – 1,033,500	cameron close village is situated in burwood, close to the exclusive shopping and restaurant precincts
1989				of camberwell and canterbury and is well serviced by bus and tram routes linking to rail and chadstone
				shoppingcentre. Elevatedparts of thepropertyenjoydistrict and cbd skyline views.
Salford Waters retirement Estate	victoria Point, Qld	181	123,500 – 682,000	Situated on the moreton bay waterfront in victoria Point, Salford Waters retirement Estate is less than three
1993				kilometres to victoria Point Shoppingcentre and a half-hour drive to brisbane’s cbd.
Wantirna village	Wantirna, vic	180	128,500 – 493,000	Wantirna village benefts from an outstanding range of retail and transport amenities. the 6.3 hectare site
1986				adjoins the blind creek reserve and is close to the dandenong ranges national Park, morack and ringwood
				Golf course,knox libraryand several hospitals.
ridgehaven rise Seniors’ living community	ridgehaven, SA	176	182,000 – 423,000	this well established village has excellent community facilities including a community hall, library, caravan
1984				storage, the Gums community centre and a village bus. this is complemented by an excellent range of
				communityactivities such as sewingand craft,bingo and exercisegroups.
bellevue Gardens retirement village	Port macquarie, nSW	175	209,000 – 419,000	the village is centrally located less than two kilometres from the Port macquarie city centre and is set on fve
1994				hectares of landscaped gardens. Facilities include a restaurant, coffee shop, auditorium, library, hair salon,
				medical consulting room, bowling green and resident clubhouse adjoining a heated indoor swimming pool
				and barbecue area.
the lakes Estate	taylors lake, vic	170	115,000 – 499,000	the lakes Estate is ideally located on the corner of kings road and melton highway, directly opposite
2000				Watergardens Shoppingcentre and railwaystation.
Salford Park community village	Wantirna, vic	170	288,000 – 489,000	residents at Salford Park community village live independently in one or two bedroom low maintenance villas
1983				within a friendly community surrounded by lush green gardens. there is an onsite aged care facility owned
				and operated byopal Aged care under thepartnershipestablished between Stockland and opal Aged care.
highlands retirement village^	craigieburn, vic	167	275,000 – 525,200	highlands retirement village is situated within Stockland’s highlands masterplanned community and a short
2010				walk from a major shopping centre, hume Global learning centre and soon-to-be completed Splash Aqua
				Park and leisure centre. the village offers a great range of new homes and foor plans to choose from.
				the community centre features a self-serve cafe, town hall, billiards, theatre room, bowling green, outdoor
				barbecue area and much more.
bay village retirement Estate	victor harbor, SA	160	210,000 – 363,500	located in one of South Australia’s most sought after resort areas just minutes away from the town centre of
1984				victor harbor -great for shoppingand entertainment.
long island village	Seaford, vic	158	127,500 – 362,500	long island village is located just off the nepean highway, a short stroll from the Seaford foreshore. retail
1987				amenities servicing the village include Frankston, Patterson lakes and mt Eliza centres, all of which have
				grown substantiallyin recentyears.
tarneit Skies retirement village	tarneit, vic	158	192,000 – 423,500	tarneit Skies retirement village is located less than 35 kilometres from the melbourne cbd in the Western
2003				suburbs. the village features an indoor swimming pool, gymnasium, dance foor and theatrette. the new
				tarneit shoppingcentre is within walkingdistance and there is also a bus service from the maingates.
lourdes retirement village	killara, nSW	156	259,000 – 871,500	located in killara on Sydney’s north Shore, the village overlooks Garigal national Park. the village offers a
1983				central clubhouse with coffee shop as well as a dining room, lounge, chapel, billiards room, hair salon, library,
				heated swimming pool and spa. there is an onsite aged care facility owned and operated by opal Aged care
				under thepartnershipestablished between Stockland and opal Aged care.
templestowe village	templestowe, vic	153	130,500 – 515,000	templestowe village is set in a park-like environment opposite beautiful Westerfolds Park, which features
1983				walkingtracks alongthe banks of the yarra river,barbecue facilities andpicnic areas.
Pine lake village	Elanora, Qld	147	155,000 – 356,500	Pine lake village is located at Elanora on Queensland’s Gold coast and features a swimming pool and views
1982				of a nearbylake.

occupied units as proportion of Established units available for occupancy
Price range based on Established units
^ currently under development

STOCKLAND PROPERTY PORTFOLIO Jun 2016

retirement liVinG retirement POrtfOliO

AFFINITY VILLAGE, WA locatEd WithiN thE EStabliShEd StocklaNd SEttlERS hill commuNity aNd oPPoSitE StocklaNd baldiviS ShoPPiNG cENtRE, affiNity villaGE offERS a RaNGE of fREEStaNdiNG homES With a 5 StaR RatEd clubhouSE, boWliNG GREEN, Pool aNd WEllbEiNG cENtRE foR RESidENtS to ENjoy.

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retirement liVinG retirement POrtfOliO

Retirement Living – established villages (continued)

~~Retirement Living – established~~	~~villages (continued)~~
Property/
Opening date	Location	Total units	Price range ($)#	Project description
donvale village	donvale, vic	145	135,500 – 562,000	donvale village is located on Springvale road in one of melbourne’s prime eastern suburbs, surrounded by
1990				highqualityhousingand a strongcatchment to the north and north-east.
Parklands village	Port macquarie, nSW	144	77,000 – 259,000	Parklands village is a private retreat set on fve hectares of landscaped parkland, just minutes from transport,
1985				medical facilities and the centre of Port macquarie. the village has a full-length artifcial grass bowling green
				and heated indoor swimming pool and spa.
Selandra rise retirement village^	clyde north, vic	142	295,000 – 570,000	the village is located within the Selandra rise residential community, opposite a Woolworths and specialty
2013				shopping centre. the clubhouse features an indoor heated pool, bowling green, bocce pitch and self-service
				café. the Green building council of Australia awarded the village an Australian frst 4 Star Green Star –
				custom design certifed rating. the village will be home to over 300 residents.
the village Swansea	Swansea, nSW	141	259,000 – 435,000	located in the seaside peninsula township of Swansea, on the nSW central coast, the village is situated
1988				in close proximity to lake macquarie and Swansea Shopping centre. the village features three salt-water
				swimming pools and two communitycentres.
Waratah highlands village	bargo, nSW	132	306,500 – 403,000	Set on ten hectares of woodland, Waratah highlands village is in close proximity to the Southern highlands
2002				and 500 metres to bargo railway station. the village features a hairdresser, beautician, library and billiards
				room.
unity retirement village	Aberfoyle Park, SA	129	119,000 – 328,000	located in Aberfoyle Park, unity’s facilities include a bowling green, recreation hall, dining room, and half-court
1985				tennis. it is walkingdistance to Aberfoyle Park shoppingcentre.
ridgecrest village	Page, Act	127	343,500 – 565,000	ridgecrest village at Page in canberra is spread over 5.4 hectares and has facilities including barbecue areas,
1986				a bowling green and residents’ lounge.
vermont village	vermont South, vic	125	267,000 – 396,500	vermont village benefts from an excellent location, plenty of open space and established gardens. located
1981				on burwood highway near koomba Park, the village is close to several large shopping centres including
				vermont South,knox,the Glen and Forest hill.
bellcarra retirement resort	caloundra, Qld	124	294,000 – 355,000	located in the newly established suburb of bellvista, bellcarra retirement resort is close to the centre of
2003				caloundra and kings beach. the village features a swimming pool,bowling green and billiards room.
Queens lake village	laurieton, nSW	124	200,000 – 413,000	Situated on the Queens lake waterfront, Queens lake village is equipped with its own private jetty. it is
1987				convenientlylocatedjust one kilometre from laurieton’s town centre.
Affnity village^	baldivis, WA	116	299,000 – 544,500	incorporated into the Stockland residential Settlers hills community and adjacent to Stockland baldivis retail,
2011				medical and other amenities. the clubhouse is the frst and only retirement living building in Australia to be
				awarded a 5 Star Green Star Public buildingratingfrom the Green buildingcouncil of Australia.
castle ridge resort	castle hill, nSW	113	356,000 – 717,000	castle ridge resort is less than two kilometres from castle towers shopping centre in castle hill with dural,
1987				carlingford, north rocks and Pennant hills within easy reach. it offers a swimming pool and spa, snooker and
				billiard room and a hairdresser.
the cove village	daleys Point, nSW	111	263,000 – 652,000	Situated on the nSW central coast, the village boasts absolute water frontage with most units having views
1983				of brisbane Waters. the village has two outdoor barbecue areas, three swimming pools, a spa and a private
				jetty.
oak Grange	brighton East, vic	110	297,500 – 530,500	oak Grange is located on hawthorn road, brighton East, close to brighton’s famous beaches, shops and
1984				cafés. the nepean highway provides easyaccess to the city.
mernda retirement village^	mernda, vic	105	290,000 – 530,500	located within the Stockland residential community, mernda retirement village is conveniently positioned
2014				within walking distance to mernda villages shopping centre which features Woolworths, medical facilities and
				a range of specialty stores, cafés and services. the retirement village’s modern clubhouse features a heated
				indoor pool, gym, café and alfresco entertaining area and bowling green. the village has been awarded a 4
				Star Green Star accreditation from the Green buildingcouncil of Australia.
rosebud village	rosebud, vic	105	182,000 – 363,500	rosebud village is located in the heart of the mornington Peninsula and is well serviced by the region’s
1980				many championship golf courses, wineries and beaches. Several bowling clubs and the rosebud rSl are
				convenient to the site. Public transport services link to rosebud town centre and Frankston railwaystation.
Greenleaves retirement village	upper mt Gravatt,	104	130,000 – 449,000	Greenleaves retirement village is located in the heart of a thriving local community, adjacent to a shopping
1986	Qld			centre and cinema complex. A bowling green, library, pool and barbecue area are some of the facilities on
				offer at Greenleaves.

occupied units as proportion of Established units available for occupancy
Price range based on Established units

^ currently under development

STOCKLAND PROPERTY PORTFOLIO Jun 2016

retirement liVinG retirement POrtfOliO

MERNDA RETIREMENT VILLAGE, VIC

mERNda villaGE RESidENtS ENjoy mEEtiNG family aNd fRiENdS iN thE NEW clubhouSE Which oPENEd iN fEbRuaRy 2015. thE villaGE iS oNly a ShoRt Walk to WoolWoRthS, SPEcialty StoRES aNd a mEdical cENtRE.

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retirement liVinG retirement POrtfOliO

Retirement Living – established villages (continued)

Property/
Opening date	Location	Total units	Price range ($)#	Project description
Gillin Park retirement village	Warrnambool, vic	98	99,000 – 359,000	located in Warrnambool, near the banks of the hopkins river on the south-west victorian coast, it is close
1990				to the city centre, hospital and shopping centres. there is an onsite aged care facility owned and operated by
				opal Aged care under thepartnershipestablished between Stockland and opal Aged care.
maybrook village	cromer, nSW	97	135,000 – 710,500	Perched on the ridge at cromer on Sydney’s northern beaches, the village has a bushland outlook. it features
1992				a libraryand billiards room,agym and indoor-heatedpool and spa.
Farrington Grove retirement Estate	Ferny hills, Qld	95	174,000 – 569,000	Farrington Grove retirement Estate is a popular village located in the quiet outer brisbane suburb of Ferny
1998				hills. village facilities include billiards, solar-heated pool, barbecue area, hairdresser, piano lounge, computer
				room,libraryand hobbyshed.
midlands terrace	ballarat, vic	89	183,500 – 223,500	midlands terrace enjoys strong demand from prospective residents and is well positioned in its local market
1976				area. the village adjoins northwayShoppingcentre withproximityto medical and communityfacilities.
Salford retirement Estate	Aberfoyle Park, SA	74	273,500 – 321,000	located in the tree-studded foothills of South Australia’s Aberfoyle Park, Salford retirement Estate is 20
1990				kilometres from Adelaide’s cbd and less than three kilometres to the local shoppingcentre.
Walnut Grove retirement Estate	old reynella, SA	65	305,000 – 363,000	Walnut Grove retirement Estate is located in historic old reynella, a short distance from some of South
1995				Australia’s oldest vineyards and ideallysituated near supermarkets and specialtyshops.
Wamberal Gardens retirement village	Wamberal, nSW	61	293,000 – 339,000	Wamberal Gardens retirement village is located on the nSW central coast adjacent to Wamberal lagoon
1983				with the beach just one block away. the village features two swimming pools, two outdoor barbecue areas,
				an activities room and library.
the Grange retirement Estate	Grange, SA	57	416,000 – 428,000	the Grange retirement Estate is located just over one kilometre from the seafront suburb of Grange and 12
1992				kilometres from Adelaide’s cbd. the village is in close proximity to public transport, hospital and shopping
				centres.
camden view village	laurieton, nSW	54	275,000 – 419,000	camden view village is situated between north brother mountain and the camden haven river on the nSW
2002				mid-north coast. camden view is about 100 metres awayfrom the centre of laurieton.
lincoln Gardens retirement village	Port macquarie, nSW	54	329,000 – 386,000	lincoln Gardens retirement village is ideally located in a quiet suburban enclave and is in close proximity to
2001				Port macquarie’s hospital and town centre.
lightsview retirement village^	northgate, SA	51	302,000 – 470,000	A new retirement development, forming part of lightsview – one of Adelaide’s newest suburbs, located just
2012				eight kilometres from the city centre. this new suburb features 15 hectares of public reserves and green
				spaces all interlinked with walkingtrails,manicuredgardens and recreation areas.
macquarie Grove retirement village	tahmoor, nSW	43	229,000 – 247,000	macquarie Grove retirement village is located at the gateway to the Southern highlands. it is close to local
1996				clubs, recreational activities, medical services and transport. it features computer facilities, hairdresser, library
				and barbecue facilities.
the villas in brighton	brighton, SA	29	420,000 – 468,000	the villas in brighton is a small tight knit community offering stylish two and three bedroom villas in an idyllic
1994				location, just a short walk to Jettyroad brighton,beaches,shoppingand connections topublic transport.
bexley Gardens	bexley north, nSW	22	112,500 – 201,500	located in south-west Sydney, bexley Gardens is only 800 metres from bexley north railway station that
1974				serves the East hills line into Sydney cbd. it is also in close proximity to major shopping centres in hurstville,
				rockdale and kogarah.
Willowdale retirement village^	leppington, nSW	13	456,000 – 577,000	Willowdale retirement village is situated within Stockland’s existing Willowdale masterplanned community,
2016				50 kilometres south-west of Sydney cbd and 1.5 kilometres from the new leppington train station. the
				retirement living display home and sales centre was completed and launched in october 2015. the
				frst stage was completed in June 2016 with future stage and clubhouse under construction. Willowdale
				retirement village includes home designs and community spaces with a 4 Star Green Star rating from the
				Green buildingcouncil of Australia
the villas on milton Avenue	Fullarton, SA	4	530,500 – 534,500	located in the quiet, leafy streets of Fullarton are the four delightful villas known as the villas on milton
2001				Avenue.
		9,428**

occupied units as proportion of Established units available for occupancy
Price range based on Established units
^ currently under development
** on 1 july 2016 Stockland completed settlement for the sale of five established villages located in Wa. the villages comprised of halls head village, leschenault village, murray River village, River Pines village and River Parks village with a combined total of 188 units. the total number of established units held by Stockland as at 30 june 2016 was 9,616.

STOCKLAND PROPERTY PORTFOLIO Jun 2016

retirement liVinG retirement POrtfOliO

WILLOWDALE RETIREMENT VILLAGE, NSW

WilloWdalE REtiREmENt villaGE iS SituatEd WithiN StocklaNd’S ExiStiNG WilloWdalE maStERPlaNNEd commuNity, 50 kilomEtRES South-WESt of SydNEy cbd aNd 1.5 kilomEtRES fRom thE NEW lEPPiNGtoN tRaiN StatioN. thE clubhouSE iS uNdER coNStRuctioN aNd Will fEatuRE aN iNdooR Pool, Gym, baR, haiRdRESSER, viSitiNG doctoR RoomS, boccE couRt aNd activity cENtRE.

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retirement liVinG retirement POrtfOliO

Retirement Living – development pipeline

Property	Location	Future settlements	Project description
completed
Arilla village	South morang, vic		Arilla village is situated in melbourne’s north, home to over 250 residents offering a range of luxury apartments and
			villas with foor plans to suit every budget and lifestyle. the health and wellbeing centre, located on the ground foor of
			the apartment building features a pool, gym and hair salon. the village offers a range of activities and the community
			centre features a cafe,library,town hall and bowling green.
Somerton Park Seniors’ living community	Somerton Park, SA		Somerton Park Seniors’ living community provides a wonderfully safe and secure environment with a wide range of
			activities and facilities on offer. there is a thriving residents’ vegetable garden, family barbecue areas and comfortable
			indoor and outdoor social spots.
Golden Ponds resort	Forster, nSW		Golden Ponds resort is set between Wallis lake and the beaches of Forster on the nSW mid-north coast. the resort
			is surrounded by13 hectares of landscapedgrounds, ponds and rainforest.
SubTotal		10
current development Projects
mernda retirement village	mernda, vic		located within the Stockland residential community, mernda retirement village is conveniently positioned within
			walking distance to mernda villages shopping centre which features Woolworths, medical facilities and a range of
			specialty stores, cafés and services. the retirement village’s modern clubhouse features a heated indoor pool, gym,
			café and alfresco entertaining area and bowling green. the village has been awarded a 4 Star Green Star accreditation
			from the Green buildingcouncil of Australia.
cardinal Freeman the residences (formerly	Ashfeld, nSW		cardinal Freeman the residences is in the sought after inner-west suburb of Ashfeld. close to shops and transport,
cardinal Freeman retirement village)			the village features a magnifcent chapel along with the heritage listed Glentworth house. there is an onsite aged
			care facility owned and operated by opal Aged care under the partnership established between Stockland and opal
			Aged care. Stockland recently commenced a major redevelopment of cardinal Freeman, which will include 240 new
			apartments. the frst two new buildings were settled and completed in 2016.
Affnity village	baldivis, WA		incorporated into the Stockland residential Settlers hills community and adjacent to Stockland baldivis retail, medical
			and other amenities. the clubhouse is the frst and only retirement living building in Australia to be awarded a 5 Star
			Green Star Public buildingratingfrom the Green buildingcouncil of Australia.
Selandra rise retirement village	clyde north, vic		the village is located within the Selandra rise residential community, opposite a Woolworths and specialty shopping
			centre. the clubhouse features an indoor heated pool, bowling green, bocce pitch and self-service café. the Green
			building council of Australia awarded the village an Australian frst 4 Star Green Star – custom design certifed
			rating. the village will be home to over 300 residents.
highlands retirement village	craigieburn, vic		highlands retirement village is situated within Stockland’s highlands masterplanned community and a short walk from
			a major shopping centre, hume Global learning centre and soon-to-be completed Splash Aqua Park and leisure
			centre. the village offers a great range of new homes and foor plans to choose from. the community centre features
			a self-serve cafe,town hall,billiards,theatre room,bowling green,outdoor barbecue area and much more.
Willowdale retirement village	leppington, nSW		Willowdale retirement village is situated within Stockland’s existing Willowdale masterplanned community, 50
			kilometres south-west of Sydney cbd and 1.5 kilometres from the new leppington train station. the retirement
			living display home and sales centre was completed and launched in october 2015. the frst stage was completed in
			June 2016 with future stage and clubhouse under construction. Willowdale retirement village includes home designs
			and communityspaces with a 4 Star Green Star ratingfrom the Green buildingcouncil of Australia
lightsview retirement village	northgate, SA		A new retirement development, forming part of lightsview – one of Adelaide’s newest suburbs, located just eight
			kilometres from the city centre. this new suburb features 15 hectares of public reserves and green spaces all
			interlinked with walkingtrails,manicuredgardens and recreation areas.
SubTotal		910

STOCKLAND PROPERTY PORTFOLIO Jun 2016 73

retirement liVinG retirement POrtfOliO

LIGhTSVIEW RETIREMENT VILLAGE, SA

liGhtSviEW iS a NEW REtiREmENt dEvEloPmENt iN oNE of adElaidE’S NEWESt SubuRbS, locatEd juSt EiGht kilomEtRES fRom thE city cENtRE. thE clubhouSE iS SEt to bE thE hEaRt of thE villaGE offERiNG RESidENtS a commuNal SPacE to mEEt aNd SocialiSE. it Will PRovidE a RESidENt RuN cafÉ, Gym, multi-fuNctioN RoomS, louNGE aREaS aNd laRGE activity aREa foR villaGE WidE EvENtS. coNStRuctioN of thE clubhouSE iS ExPEctEd to StaRt iN SEPtEmbER 2016.

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retirement liVinG retirement POrtfOliO

Retirement Living – development pipeline (continued)

Property	Location	Future settlements	Project description
to start: within 18 months
Altrove	Schofelds, nSW		A seniors living opportunity exists within Stockland’s planned Altrove masterplanned community, located directly
			opposite Schofelds train station in Sydney’sgrowingnorth West region.
calleya	banjup, WA		incorporated within Stockland’s calleya masterplanned community just south of Perth’s cbd, the village is close to
			shopping, parkland and transport options.
Elara	marsden Park, nSW		A seniors living opportunity exists within Stockland’s Elara masterplanned community located at marsden Park, 50
			kilometres north-west of Sydney cbd. the site is conveniently situated close to public transport and services, with
			views of the blue mountains.
oceanside	birtinya, Qld		A retirement living opportunity is being actively explored within kawana’s ‘health hub’ in Stockland’s oceanside
			community, birtinya. located approximately 10 kilometres from the Sunshine coast city and approximately 81
			kilometres north of the brisbane cbd. the proposed site sits alongside the opal Aged care facility currently under
			development and within closeproximityto the Sunshine coast universityhospital.
Somerton Park Seniors’ living community	Somerton Park, SA		Following the acquisition of Somerton Park Seniors’ community, an opportunity exists on a parcel of vacant land
			earmarked for future development at this centrallylocated village.
newport	newport, Qld		there is an opportunity for a retirement living community within the newport masterplanned site. newport is
			uniquely located with direct access to moreton bay on the western edge of the existing newport canal and marina
			development. the Stockland community is in walking distance to the new kippa ring train station and effcient access
			to the m1 for travel to the brisbane cbd or the Sunshine coast.
SubTotal		715
masterplanning/futureprojects
the Grove	tarneit, vic		there is an opportunity for retirement communities within Stockland’s the Grove masterplanned community, 28
			kilometres west of melbourne cbd.
cloverton	kalkallo/beveridge, vic		A retirement living opportunity exists within Stockland’s cloverton masterplanned community, 35 kilometres north of
			melbourne cbd.
Aura	caloundra, Qld		there is an opportunity for retirement communities within Stockland’s 3,700 hectare Aura project which will include at
			least 20,000 residential dwellings, employment and retail. these will be developed as the broader project comes to
			market.
SubTotal		750
Brownfeld redevelopments
Potential redevelopments			Potential opportunities exist for major redevelopments and minor extensions at a number of villages across the
			retirement living portfolio.
SubTotal		780
Total unitsyet to be released		3,165

STOCKLAND PROPERTY PORTFOLIO Jun 2016 75

retirement liVinG retirement POrtfOliO

BELLEVUE GARDENS RETIREMENT VILLAGE, NSW

thE villaGE iS cENtRally locatEd lESS thaN tWo kilomEtRES fRom thE PoRt macquaRiE city cENtRE aNd iS SEt oN fivE hEctaRES of laNdScaPEd GaRdENS. facilitiES iNcludE a REStauRaNt, coffEE ShoP, auditoRium, libRaRy, haiR SaloN, mEdical coNSultiNG Room, boWliNG GREEN aNd RESidENt clubhouSE adjoiNiNG a hEatEd iNdooR SWimmiNG Pool aNd baRbEcuE aREa.

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unlisted PrOPerty funds

unlisted Property Funds

==> picture [230 x 304] intentionally omitted <==

Pacific Pines town centre, Qld

STOCKLAND PROPERTY PORTFOLIO Jun 2016

unlisted PrOPerty funds

Unlisted Property Funds – summary

~~Unlisted Property Funds – summary~~
		Funds under	Establishment	Expiry/
Fund	Type of fund	management ($m)	date	review date
Stockland direct retail trust no. 1(Sdrt1)	retail	85.3*	dec 2006	Jun 2019
Stockland residential Estates EquityFund no.1(SrEEF1)	Wholesale	n/A**	Aug2006	Aug2016
		85.3

Represents gross assets.

** SREEf1 was wound up on 31 march 2016.

~~Unlisted~~	~~Property Funds – asset overview~~
				%	Valuation		% age of fund’s
	Property type	Property	State	Ownership	($m)	GLA (m2)	total gross assets	Page
Sdrt1	retail	benowa Gardens Shopping centre	Qld	100	40.0	5,804	47	79
		Pacifc Pines town centre	Qld	100	27.0	5,529	32
		tamworth homespace	nSW	100	16.9	13,053	20

unlisted PrOPerty funds

==> picture [230 x 123] intentionally omitted <==

~~Benowa Gardens Shopping Centre~~

benowa Gardens is a neighbourhood shopping centre located on the Gold coast. the centre was originally constructed in 1992. the centre is anchored with a coles supermarket and over 35 specialty retailers. there is on-site parking for 437 vehicles, including 200 covered bays.

Location: Qld

Location: Qld
acquisition date:	dec 2006
ownership/title:	100%/freehold
cost includingadditions:	$30.3 million

Last Independent Valuation
date:	jun-16
valuation/($/m2):	$40.0 million($6,892/m2)
capitalisation rate:	7.00%
discount rate:	8.50%
carparkingspaces:	437

Gross lettable area:	5,804
annual sales:	$56.4 million
Weighted average lease expiry:	3.7years

Major tenants	GLA(m2)
coles	1,960

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~~Pacifc Pines Town Centre~~

Pacific Pines town centre was developed by Stockland as part of a masterplanned community, situated in the northern Gold coast region, near helensvale. the neighbourhood shopping centre has an open plan style and is anchored by Woolworths plus 12 specialty stores and parking for 355 vehicles.

Location: Qld

Location: Qld
acquisition date:	dec 2006
ownership/title:	100%/freehold
cost includingadditions:	$18.9 million

Last Independent Valuation
date:	jun-16
valuation/($/m2):	$27.0 million($4,883/m2)
capitalisation rate:	6.50%
discount rate:	8.25%
carparkingspaces:	355

Gross lettable area:	5,529
annual sales:	$56.2 million
Weighted average lease expiry:	6.3years

Major tenants	GLA(m2)
Woolworths	3,541

==> picture [230 x 123] intentionally omitted <==

~~Tamworth homespace~~

tamworth homespace is a single level bulky goods shopping centre located on the new England highway, four kilometres south of the tamworth cbd. developed by Stockland, the centre commenced trading in november 2004 and is anchored by the Good Guys. there are 14 other tenancies with on-site parking for 416 vehicles.

Location: NSW

Location: NSW
acquisition date:	dec 2006
ownership/title:	100%/freehold
cost includingadditions:	$22.4 million

Last Independent Valuation
date:	jun-16
valuation/($/m2):	$16.9 million($1,295/m2)
capitalisation rate:	9.00%
discount rate:	9.25%
carparkingspaces:	416

Gross lettable area:	13,053
annual sales:	N/a
Weighted average lease expiry:	2.8years

Major tenants	GLA(m2)
the Good Guys	2,404
Pillowtalk	1,794
lincraft	1,214

Lease expiry profile %

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8 3 2 3 84
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17 21 20 19 23
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vacant Fy

STOCKLAND PROPERTY PORTFOLIO Jun 2016

17 18 19 20 21+

unlisted PrOPerty funds

TAMWORTh hOMESPACE, NSW tamWoRth homESPacE iS a SiNGlE lEvEl bulky GoodS ShoPPiNG cENtRE locatEd oN thE NEW ENGlaNd hiGhWay, fouR kilomEtRES South of thE tamWoRth cbd. dEvEloPEd by StocklaNd, thE cENtRE commENcEd tRadiNG iN NovEmbER 2004 aNd iS aNchoREd by thE Good GuyS. thERE aRE 14 othER tENaNciES With oNSitE PaRkiNG foR 416 vEhiclES.

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asset addresses

Asset Addresses

STOCKLAND PROPERTY PORTFOLIO Jun 2016 81

retail PrOPerty POrtfOliO asset addresses

~~ASSET NAME~~
~~ADDRESS~~
~~SUBURB~~
~~STATE~~
~~POSTCODE~~
Glasshouse - 135 king Street, Sydney
135 king Street
Sydney cbd
nSW
2000
Stockland balgowlah
cnr Sydney road & condomine Street
balgowlah
nSW
2093
Stockland bathurst
121 howick Street
bathurst
nSW
2795
Stockland baulkham hills
375-383 Windsor road
baulkham hills
nSW
2153
Stockland cammeray
450 miller Street
cammeray
nSW
2062
Stockland corrimal
270 Princes highway
corrimal
nSW
2518
Stockland Forster
breese Parade
Forster
nSW
2428
Stockland Glendale
387 lake road
Glendale
nSW
2285
Stockland Green hills
1 molly morgan drive
East maitland
nSW
2323
Stockland Jesmond
28 blue Gum road
Jesmond
nSW
2299
Stockland merrylands
mcFarlane Street
merrylands
nSW
2160
Stockland merrylands court
mcFarlane Street
merrylands
nSW
2160
Stockland nowra
32-60 East Street
nowra
nSW
2541
Stockland Piccadilly
210 Pitt Street
Sydney cbd
nSW
2000
Stockland Shellharbour
lake Entrance road
Shellharbour
nSW
2529
Shellharbour retail Park
lake Entrance road
Shellharbour
nSW
2529
Stockland vincentia Shopping centre
5 burton Street
vincentia
nSW
2540
Stockland Wallsend
cnr cowper Street & kokera Street
Wallsend
nSW
2287
Stockland Wetherill Park
Polding Street
Wetherill Park
nSW
2164
Stockland bundaberg
115-119 takalvan Street
bundaberg
Qld
4670
Stockland burleigh central
149 West burleigh road
burleigh heads
Qld
4220
Stockland burleigh heads
149 West burleigh road
burleigh heads
Qld
4220
Stockland cairns
537 mulgrave road
Earlville
Qld
4870
Stockland caloundra
47 bowman road
caloundra
Qld
4551
Stockland cleveland
91 middle Street
cleveland
Qld
4163
Stockland Gladstone
cnr Philip Street & dawson highway
Gladstone
Qld
4680
Stockland hervey bay
6 central Ave
hervey bay
Qld
4655
Jimboomba village Shopping centre
cnr mount lindesay highway & cusack lane
Jimboomba
Qld
4280
Stockland north Shore
16-38 main Street
north Shore
Qld
4818
Stockland rockhampton
cnr yaamba road & highway one
rockhampton
Qld
4701
Stockland townsville
310 ross river road
Aitkenvale
Qld
4814
Woolworths toowong
31 high Street
toowong
Qld
4066

retail PrOPerty POrtfOliO asset addresses

~~ASSET NAME~~
~~ADDRESS~~
~~SUBURB~~
~~STATE~~
~~POSTCODE~~
Stockland highlands
cnr Aitken & Grand boulevards
craigieburn
vic
3064
Stockland Point cook
cnr murnong & main Streets
Point cook
vic
3030
Stockland the Pines
181 reynolds road
doncaster East
vic
3109
Stockland tooronga
766 toorak road
Glen iris
vic
3146
Stockland traralgon
166-188 Franklin Street
traralgon
vic
3844
Stockland Wendouree
cnr norman & Gillies Streets
Wendouree
vic
3355
Stockland baldivis
Safety bay road
baldivis
WA
6171
Stockland bull creek
cnr South Street & benningfeld road
bull creek
WA
6149
Stockland harrisdale
cnr nicholson road & yellowwood Avenue
harrisdale
WA
6112
Stockland riverton
cnr high road & Willeri drive
riverton
WA
6151

STOCKLAND PROPERTY PORTFOLIO Jun 2016

lOGistics & Business Parks PrOPerty POrtfOliO asset addresses

~~ASSET NAME~~
~~ADDRESS~~
~~SUBURB~~
~~STATE~~
~~POSTCODE~~
2 davis road, Wetherill Park
2 davis road
Wetherill Park
nSW
2164
23 Wonderland drive, Eastern creek
23 Wonderland drive
Eastern creek
nSW
2766
2-8 baker St, botany
2-8 baker Street
botany
nSW
2019
89 Quarry road, Erskine Park
89 Quarry road
Erskine Park
nSW
2759
9-11a Ferndell Street, Granville
9-11a Ferndell Street
South Granville
nSW
2142
coopers Paddock, Warwick Farm
200 Governor macquarie drive
Warwick Farm
nSW
2170
Forrester distribution centre, St marys
44-88 Forrester road
St marys
nSW
2760
ingleburn distribution centre, ingleburn
41-47 Stennett road
ingleburn
nSW
2565
yennora distribution centre, yennora
byron road
yennora
nSW
2161
Export Park, 9-13 viola Place, brisbane Airport
9-13 viola Place
brisbane Airport
Qld
4007
hendra distribution centre, brisbane
cnr hedley Avenue & nudgee road
hendra
Qld
4011
yatala distribution centre, yatala
cnr darlington drive & Elderslie road
yatala
Qld
4207
Port Adelaide distribution centre, Port Adelaide
bedford Street
Port Adelaide
SA
5015
1090-1124 centre road, oakleigh South
1090-1124 centre road
oakleigh South
vic
3167
20-50 and 76-82 Fillo drive and 10 Stubb Street, Somerton
20-50, 76-82 Fillo drive & 10 Stubb Street
Somerton
vic
3061
40 Scanlon drive, Epping
40 Scanlon drive
Epping
vic
3076
72-76 cherry lane, laverton north
72-76 cherry lane
laverton north
vic
3026
Altona distribution centre, Altona
Slough road
Altona
vic
3018
brooklyn Estate, brooklyn
413 Francis Street
brooklyn
vic
3012
Satellite corporate centre, mulgrave
690 Springvale road
mulgrave
vic
3170
toll business Park, Altona
11-25, 32-54 & 56-60 toll drive
Altona
vic
3025
balcatta distribution centre, balcatta
22 Geddes Street
balcatta
WA
6021
16 Giffnock Avenue, macquarie Park
16 Giffnock Avenue
macquarie Park
nSW
2113
60-66 Waterloo road, macquarie Park
60-66 Waterloo road
macquarie Park
nSW
2113
macquarie technology centre, macquarie Park
11 khartoum road and 33-39 talavera road
macquarie Park
nSW
2113
optus centre, macquarie Park
1 lyonpark road
macquarie Park
nSW
2113
triniti business campus, north ryde
39 delhi road
north ryde
nSW
2113

Office PrOPerty POrtfOliO asset addresses

~~ASSET NAME~~
~~ADDRESS~~
~~SUBURB~~
~~STATE~~
~~POSTCODE~~
40 cameron Avenue, belconnen
40 cameron Avenue
belconnen
Act
2617
110 Walker Street, north Sydney
110 Walker Street
north Sydney
nSW
2060
135 king Street, Sydney
135 king Street
Sydney cbd
nSW
2000
601 Pacifc highway, St leonards
601 Pacifc highway
St leonards
nSW
2065
77 Pacifc highway, north Sydney
77 Pacifc highway
north Sydney
nSW
2060
Piccadilly complex, 133-145 castlereagh Street, Sydney
133-145 castlereagh Street & 222 Pitt Street
Sydney cbd
nSW
2000
80-88 Jephson Street, 23 and 27-29 high Street, toowong
80-88 Jephson Street, 23 & 27-29 high Street
toowong
Qld
4066
Garden Square, mt Gravatt
643 kessels road
upper mount Gravatt
Qld
4122
durack centre
263 Adelaide terrace & 2 victoria Avenue
Perth cbd
WA
6000

STOCKLAND PROPERTY PORTFOLIO Jun 2016

residential PrOPerty POrtfOliO asset addresses

~~ASSET NAME~~
~~ADDRESS~~
~~SUBURB~~
~~STATE~~
~~POSTCODE~~
Altrove
200 bridge Street
Schofelds
nSW
2762
Anambah
Anambah road
rutherford
nSW
2320
brooks reach
359 bong bong road
horsley
nSW
2530
Elara
Elara boulevard
marsden Park
nSW
2765
illawarra
cleveland road
dapto
nSW
2530
lochinvar
new England highway
lochinvar
nSW
2321
macarthur Gardens
Goldsmith Avenue
macarthur
nSW
2560
mckeachies run
Shop 6, 8 mckeachie drive
Aberglasslyn
nSW
2320
murrays beach
11 Shoreside row
murrays beach
nSW
2281
Wallarah Peninsula (coast & north Sectors)
Shoreside row
murrays beach
nSW
2281
Waterside
Waterside boulevard
cranebrook
nSW
2749
West dapto 2
bong bong road
horsley
nSW
2530
Willowdale
Willowdale boulevard
denham court
nSW
2565
Augustine heights
cnr christopher Street & Santa monica drive
Augustine heights
Qld
4300
Aura
bellvista boulevard
caloundra West
Qld
4551
bahrs Scrub
bahrs Scrub road
logan
Qld
4207
birtinya island
cnr birtinya & lake kawana boulevard
birtinya
Qld
4575
bokarina beach
nicklin Way
bokarina
Qld
4575
brightwater
kawana Way
mountain creek
Qld
4575
caboolture West/ripeford
caboolture river road
upper caboolture
Qld
4510
highland reserve
cnr Santa clara rise & rose valley drive
upper coomera
Qld
4209
hundred hills
riveroak drive
murwillumbah
Qld
2484
kawana business village
kawana Way
kawana Waters
Qld
4575
newport
cnr Griffth road & boardman road
newport
Qld
4020
north lakes
9 Wallarah Parade
north lakes
Qld
4509
north lakes business Park
north-South Arterial road
north lakes
Qld
4509
north lakes Enterprise Precinct
boundary road
north lakes
Qld
4509
north Shore
126 Sunhaven boulevard
burdell
Qld
4818
ormeau ridge
1 landsdowne drive
ormeau hills
Qld
4208
Pallara
cnr Gooderham road & brookebent road
Pallara
Qld
4110
Paradise Waters
Grampian drive
deebing heights
Qld
4301
riverstone crossing
110 riverstone crossing
maudsland
Qld
4210
rockhampton
William Palfrey road
Parkhurst
Qld
4702
Sovereign Pocket
cnr Sovereign drive & Wollemi Street
deebing heights
Qld
4306
Stone ridge
cnr of banyan Street and Jinibara crescent
narangba
Qld
4504
the observatory
27 observatory drive
reedy creek
Qld
4228

residential PrOPerty POrtfOliO asset addresses

~~ASSET NAME~~
~~ADDRESS~~
~~SUBURB~~
~~STATE~~
~~POSTCODE~~
twin Waters West
david low Way
Pacifc Paradise
Qld
4564
vale
43 ridgevale boulevard
holmview
Qld
4207
Allura
11 mainview boulevard
truganina
vic
3029
Arve
cnr banksia Street & Wadham road
ivanhoe
vic
3079
cloverton
cnr donnybrook road & dwyer Street
kalkallo
vic
3064
clyde north
tuckers rd
clydne north
vic
3978
Eucalypt
290 Epping road
Wollert
vic
3750
highlands (including mt ridley road and lakeside)
1 north Shore drive
craigieburn
vic
3064
mernda villages
cnr bridge inn road & Galloway drive
mernda
vic
3754
mickleham
michelham road
mickleham
vic
3064
Stamford Park
Emmeline row
rowville
vic
3178
the Address
333 Point cook road
Point cook
vic
3030
the Grove
534 hogans road
tarneit
vic
3029
Amberton
cnr cinnabar drive & leeward Avenue
Eglinton
WA
6034
baldivis town centre
Safety bay road
baldivis
WA
6171
calleya
cilantro Parkway
banjup
WA
6164
newhaven
cnr mason road & doryanthes Avenue
Piara Waters
WA
6112
Sienna Wood
cnr Forrest road & Eleventh road
hilbert
WA
6112
vale
96 Egerton drive
Aveley
WA
6069
Whiteman Edge
Fairmount boulevard
brabham
WA
6055

STOCKLAND PROPERTY PORTFOLIO Jun 2016

retirement liVinG PrOPerty POrtfOliO asset addresses

~~ASSET NAME~~
~~ADDRESS~~
~~SUBURB~~
~~STATE~~
~~POSTCODE~~
ridgecrest village
55 burkitt Street
Page
Act
2614
bellevue Gardens retirement village
1 Parker Street
Port macquarie
nSW
2444
bexley Gardens
30-32 Ellerslie road
bexley north
nSW
2207
camden view village
12 laurie Street
laurieton
nSW
2443
cardinal Freeman the residences (formerly cardinal Freeman retirement village)
137 victoria Street
Ashfeld
nSW
2131
castle ridge resort
350 old northern road
castle hill
nSW
2154
Golden Ponds resort
cape hawke drive
Forster
nSW
2428
lincoln Gardens retirement village
marian drive
Port macquarie
nSW
2444
lourdes retirement village
95 Stanhope road
killara
nSW
2071
macarthur Gardens retirement village
100 Gilchrist drive
campbelltown
nSW
2560
macquarie Grove retirement village
24 macquarie Place
tahmoor
nSW
2573
maybrook village
6 Jersey Place
cromer
nSW
2099
Parklands village
cnr central road & hindman Street
Port macquarie
nSW
2444
Queens lake village
349 ocean drive
laurieton
nSW
2443
the cove village
36 Empire bay drive
daleys Point
nSW
2257
the village Swansea
21-35 Wallace Street
Swansea
nSW
2281
the Willows retirement village
226 Windsor road
Winston hills
nSW
2153
Wamberal Gardens retirement village
1 Spencer Street
Wamberal
nSW
2260
Waratah highlands village
25 tylers road
bargo
nSW
2574
Willowdale
245 Jamboree Avenue
denham court
nSW
2565
bellcarra retirement resort
17 carree Street
caloundra
Qld
4551
Farrington Grove retirement Estate
55 linkwood drive
Ferny hills
Qld
4055
Fig tree village
1 mcclintock drive
murrumba downs
Qld
4503
Greenleaves retirement village
91 tryon Street
upper mount Gravatt
Qld
4122
north lakes retirement resort
60 Endeavour boulevard
north lakes
Qld
4509
Pine lake village
11 Araucaria Way
Elanora
Qld
4221
Salford Waters retirement Estate
9 Salford Street
victoria Point
Qld
4165
bay village retirement Estate
Philip Avenue
victor harbor
SA
5211
hillsview retirement village
18 mcharg road
happy valley
SA
5159
lightsview retirement village
26 East Parkway
northgate
SA
5085
ridgehaven rise Seniors’ living community
33 Golden Grove road
ridgehaven
SA
5097
Salford retirement Estate
1A lyn Street
Aberfoyle Park
SA
5159
Somerton Park Seniors’ living community
91 diagonal road
Somerton Park
SA
5044
the Grange retirement Estate
Sylvan Way
Grange
SA
5022
the villas in brighton
noble close
brighton
SA
5048
the villas on milton Avenue
1 milton Avenue
Fullarton
SA
5063

retirement liVinG PrOPerty POrtfOliO asset addresses

~~ASSET NAME~~
~~ADDRESS~~
~~SUBURB~~
~~STATE~~
~~POSTCODE~~
unity retirement village
38 taylors road East
Aberfoyle Park
SA
5159
Walnut Grove retirement Estate
13 Walnut Street
old reynella
SA
5161
Arilla village
65 Gordons road
South morang
vic
3752
bundoora village
100 Janefeld drive
bundoora
vic
3083
burnside village
16 nicol Avenue
burnside
vic
3023
cameron close village
155 Warrigal road
burwood
vic
3125
donvale village
160 Springvale road
donvale
vic
3111
Gillin Park retirement village
21-57 mahoneys road
Warrnambool
vic
3280
Gowanbrae village
Gowanbrae drive
Gowanbrae
vic
3043
highlands retirement village
236-238 Waterview boulevard
craigieburn
vic
3064
keilor village
868 old calder highway
keilor
vic
3036
knox village
466 burwood highway
Wantirna South
vic
3152
latrobe village
village drive
reservoir
vic
3073
long island village
1 overton road
Seaford
vic
3198
mernda retirement village
89 Galloway drive
mernda
vic
3754
midlands terrace
1111 doveton Street north
ballarat
vic
3350
oak Grange
695-707 hawthorn road
brighton East
vic
3187
Patterson lakes village
130 mcleod road
Patterson lakes
vic
3197
Plenty valley village
208 mcdonalds road
Epping
vic
3076
rosebud village
287-323 bayview road
rosebud
vic
3939
Salford Park community village
100 harrold Street
Wantirna
vic
3152
Selandra rise retirement village
5 harmony chase
clyde north
vic
3978
tarneit Skies retirement village
250 thames boulevard
tarneit
vic
3029
taylors hill village
17 Amber Way
taylors hill
vic
3037
templestowe village
29 Fitzsimons lane
templestowe
vic
3106
the lakes Estate
800 kings road
taylors lake
vic
3038
vermont village
562-584 burwood hwy
vermont South
vic
3133
Wantirna village
2 old Stud road
Wantirna
vic
3152
Affnity village
38 norwood Avenue
baldivis
WA
6171

Nb on 1 july 2016 Stockland completed settlement for the sale of five established villages located in Wa. the villages comprised of halls head village, leschenault village, murray River village, River Pines village and River Parks village.

STOCKLAND PROPERTY PORTFOLIO Jun 2016 89

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STOCKLAND PROPERTY PORTFOLIO Jun 2016

this page has been left blank intentionally.

Important Notice

this report is printed on monza Satin 55 per cent recycled paper, sourced from post consumer waste. the paper is certified against the forest Stewardship council (fSc[®] ) standards, which supports the responsible use of the world’s forest resources.

==> picture [88 x 74] intentionally omitted <==

While every effort is made to provide accurate and complete information, Stockland does not warrant or represent that the information in this presentation is free from errors or omissions or is suitable for your intended use. this presentation contains forward-looking statements, including statements regarding future earnings and distributions that are based on information and assumptions available to us as of the date of this presentation. actual results, performance or achievements could be significantly different from those expressed in, or implied by these forward looking statements. these forward-looking statements are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results to differ materially from those expressed in the statements contained in the release.

the information provided in this presentation may not be suitable for your specific needs and should not be relied upon by you in substitution of you obtaining independent advice. Subject to any terms implied by law and which cannot be excluded, Stockland accepts no responsibility for any loss, damage, cost or expense (whether direct or indirect) incurred by you as a result of any error, omission or misrepresentation in this presentation. all information in this presentation is subject to change without notice.

this presentation is not an offer or an invitation to acquire Stockland stapled securities or any other financial products in any jurisdictions, and is not a prospectus, product disclosure statements or other offering document under australian law or any other law. it is for information purposes only.

==> picture [360 x 331] intentionally omitted <==

==> picture [326 x 45] intentionally omitted <==

==> picture [427 x 552] intentionally omitted <==

Stockland Corporation Ltd ACN 000 181 733 Stockland Trust Management Limited ACN 001 900 741; AFSL 241190 As a responsible entity for Stockland Trust ARSN 092 897 348 Level 25, 133 Castlereagh Street Sydney NSW 2000

AI assistant

STOCKLAND — Fund Information / Factsheet 2016

65781_rns_2016-08-16_634067e8-1d06-447b-8a41-41903d2504c4.pdf

Our stOry

Property Portfolio

~~cOmmercial POrtfOliO~~

~~residential POrtfOliO~~

retail

residential communities (page 45)

~~retirement POrtfOliO~~

retirement living

G

KEY

Greater melbourne

K

L

KEY

WEThERILL PARK, NSW

retail

Lease expiry profile %*

hARRISDALE, WA

~~Retail Portfolio as at 30 June 2016~~

includes townsville kmart centre.

~~Stockland Shellharbour~~

Location: Shellharbour, NSW

~~Shellharbour Retail Park~~

Location: Shellharbour, NSW

Last independent valuation

~~Stockland Wetherill Park~~

Location: Western Sydney, NSW

Lease expiry profile %

Pre-development valuation

Location: Merrylands, NSW

Location: Rockhampton, Qld

~~Stockland Green hills~~

Location: East Maitland, NSW

Lease expiry profile %

Pre-development valuation

~~Stockland Glendale~~

Location: Newcastle, NSW

~~Stockland Cairns~~

Location: Cairns, Qld

~~Stockland Point Cook~~

Location: Point Cook, Vic

Location: Townsville, Qld

Location: Baldivis, WA

~~Stockland hervey Bay~~

Location: hervey Bay, Qld

Lease expiry profile %

~~Stockland The Pines~~

Location: Doncaster East, Vic

~~Stockland Forster~~

Location: Forster, NSW

Lease expiry profile %

Location: Newcastle, NSW

Location: Wendouree, Vic

~~Stockland Balgowlah~~

Location: Balgowlah, NSW

Lease expiry profile %

~~Stockland Baulkham hills~~

Location: Baulkham hills, NSW

~~Stockland Gladstone~~

Location: Gladstone, Qld

~~Stockland Bundaberg~~

Location: Bundaberg, Qld

Lease expiry profile %

~~Stockland Caloundra/Stockland South~~

Location: Caloundra, Qld

Location: Nowra, NSW

~~Stockland Traralgon~~

Location: Traralgon, Vic

Lease expiry profile %

retail cOmmercial POrtfOliO

Location: Bull Creek, WA

~~Stockland Cleveland~~

Location: Cleveland, Qld

~~Stockland Bathurst~~

Location: Bathurst, NSW

Lease expiry profile %

Location: Corrimal, NSW

STOCKLAND Fund Information / Factsheet 2016

cOmmercial POrtfOliO

residential POrtfOliO

retirement POrtfOliO

Retail Portfolio as at 30 June 2016

Stockland Shellharbour

Shellharbour Retail Park

Stockland Wetherill Park

Stockland Green hills

Stockland Glendale

Stockland Cairns

Stockland Point Cook

Stockland hervey Bay

Stockland The Pines

Stockland Forster

Stockland Balgowlah

Stockland Baulkham hills

Stockland Gladstone

Stockland Bundaberg

Stockland Caloundra/Stockland South

Stockland Traralgon

Stockland Cleveland

Stockland Bathurst

Stockland harrisdale

Stockland Piccadilly

Stockland highlands

Stockland North Shore

Stockland Vincentia Shopping Centre

Woolworths Toowong

2 Davis Road

Brooklyn Estate

72-76 Cherry Lane

Altona Distribution Centre

Satellite Corporate Centre

Offce Portfolio as at 30 June 2016