Office Portfolio

1 Charles Street, Parramatta, NSW

A 5 star NABERS Energy rated, A-grade office building constructed in 2003, which is fully leased to NSW Police.

   
Interest Freehold
Book Value as at 31/12/2016: $292.0 million
Valuer: Savills
Cap Rate: 6.00%
Discount Rate: 7.50%
Major tenant: NSW Police
Weighted Average Lease Expiry: 7.4 years
Lettable area: 32,356 sqm
Site area: 6,460 sqm

75 Dorcas Street, South Melbourne, VIC

A 3.5 star NABERS Energy rated, 11 level A-grade office, showroom and car park building with 690 car parks. The building was constructed in 2002 and partly refurbished in 2015.

   
Interest Freehold
Book Value as at 31/12/2016: $172.8 million
Valuer: Directors' valuation
Cap Rate: 6.50%
Discount Rate: 7.25%
Major tenant: ANZ Banking Group
Weighted Average Lease Expiry: 4.9 years
Lettable area: 23,811 sqm
Site area: 9,632 sqm

15 Green Square Close, Fortitude Valley, QLD

Located within the growing Fortitude Valley precinct, two kilometres from the Brisbane CBD. This A-Grade office building is 5 star Green Star (by design) rated and features large 1,500 sqm floor plates.

   
Interest Freehold
Book Value as at 31/12/2016: $129.8 million
Valuer: Directors' valuation
Cap Rate: 6.50%
Discount Rate: 7.50%
Major tenant: Queensland Urban Utilities
Weighted Average Lease Expiry: 5.2 years
Lettable area: 16,442 sqm
Site area: 2,519 sqm

Building C, Gore Hill Technology Park, 219-247 Pacific Hwy, Artarmon, NSW

A modern 5 star Green Star rated (by design), A-grade office building, comprising two ground and five upper office levels.

   
Interest Freehold
Book Value as at 31/12/2016: $115.0 million
Valuer: Savills
Cap Rate: 6.25%
Discount Rate: 7.75%
Major tenant: Fox Sports
Weighted Average Lease Expiry: 6.1 years
Lettable area: 14,496 sqm
Site area: 4,212 sqm

333 Ann Street, Brisbane, QLD

This is a 24-level A-grade office building in the Brisbane CBD, the property includes 92 car spaces. The building is 4 star Green Star rated (by design) and 3.5 star NABERS Energy rated.

   
Interest Freehold
Book Value as at 31/12/2016: $103.0 million
Valuer: Directors' valuation
Cap Rate: 7.25%
Discount Rate: 8.00%
Major tenant: Federation University
Weighted Average Lease Expiry: 4.9 years
Lettable area: 16,426 sqm
Site area: 1,563 sqm

CB1, 22 Cordelia Street, South Brisbane, QLD

A 4 star NABERS Energy rated, A-grade office building on the fringe of the Brisbane CBD, comprising nine levels and two levels of basement parking.

   
Interest 999 year leasehold interest
Book Value as at 31/12/2016: $95.5 million
Valuer: Directors' valuation
Cap Rate: 6.50%
Discount Rate: 7.75%
Major tenant: Downer EDI Mining
Weighted Average Lease Expiry: 5.4 years
Lettable area: 11,529 sqm
Site area: 5,772 sqm
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