Growthpoint Canberra Office Trust

Opportunity to invest alongside Growthpoint in the Canberra Office Trust (the Fund) for the acquisition of 2 Constitution Avenue, Canberra, ACT.

Investment highlights:

• Deep value buying, purchasing at $4,626 / sqm, with replacement cost (incl. land value) c.80% higher and peak asset valuation c.44% higher than the purchase price
• 88% of the passing income secured by Commonwealth and ACT Government tenants with staggered lease expiries²
  Proven ability to attract government and corporate tenants with 8,379 sqm of leases executed since May 2023 (c.43% of building)
• New build economic rents 64% higher than 2 Constitution Avenue passing rents, supporting tenant retention and future rental growth
• Brown to Green Energy strategy to achieve Net Zero and 5.5-star NABERS Energy rating by 2029, improving ability to attract additional Government and corporate tenants
• Value upside through leasing the vacancy (4.4%), upgrading foyer / streetscape / EOT, major tenant lease re-signs / extensions and substantial energy upgrades
• Strong market fundamentals with Canberra CBD vacancy rate equal lowest amongst major capital city markets (9.5% vacancy)³

The Growthpoint Canberra Office Trust is open to wholesale investors only.

Core property rates the Fund as Recommended⁴

1. Forecast / estimate as at 1 January 2025 (all returns are quoted post asset management fees, pre performance fee).

2. Includes Government funded/affiliated tenants.

3. PCA June 2024. Equal to Brisbane (9.5% vacancy). Excluding Hobart (2.8% vacancy).

4. The Core Property rating (assigned in September 2024) presented in this document has been prepared and issued by Core Property Research Pty Ltd (“Core Property”), which is an Authorised Representative ASIC number 1280479 of Core Property Research Holdings Pty Ltd (ACN 633 170 751, AFS License No. 518320) (Licensee), and trading as Core Property. Whilst the information contained in the report has been prepared with all reasonable care from sources that Core Property believes are reliable, no responsibility or liability is accepted by Core Property for any errors, omissions or misstatements however caused. Past performance information is for illustrative purposes only and is not indicative of future performance. The Core Property publication is not and should not be construed as, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information only. Neither Core Property nor the Participant is aware that any recipient intends to rely on this Report or of the manner in which a recipient intends to use it. To access the full report, please visit www.coreprop.com.au. The rating is subject to change without notice and Core Property assumes no obligation to update the report.

IMPORTANT INFORMATION | The information on this webpage has been prepared by Growthpoint Investment Management Pty Ltd (ACN 093 111 641) (AFSL No. 289 244) (GIMPL). This offer for investment has been prepared for wholesale clients only (as defined by section 761G of the Corporations Act 2001 (Cth)), is confidential and is not for distribution to the general public. 
Information in this webpage is current as at 6 September 2024 (unless otherwise indicated) and is for general purposes only. This overview does not constitute personal financial product advice and has been prepared without taking account of the recipient’s objectives, financial situation and needs, and does not purport to contain all information necessary for making an investment decision. Before deciding to act on the information in this overview, recipients should consider the information memorandum for the Fund (IM) and their own objectives, financial situation and needs, and seek independent financial advice. Any investment is subject to investment risk, including possible delays in repayment and loss of income and principal invested, and there is no guarantee on the performance of the Fund or the return of any capital. In preparing this overview, GIMPL has relied upon information provided to it by third parties. GIMPL, its related bodies corporate and its directors, officers or employees do not represent or warrant that the information relied upon to prepare this content is complete or accurate or that it has been audited. Any forward-looking statements, opinions and estimates in this page are based on assumptions related to economic, market and other conditions that are inherently subject to significant uncertainties, risks and contingencies, and the assumptions may change at any time without notice. Actual results may differ materially from those predicted or implied by any forward-looking statements. Past performance is not an indication of future performance. No representations or warranties, express or implied, are given by GIMPL, its related bodies corporate or its directors, officers or employees that any expected future performance will be met. Any forward-looking statements are made as at 6 September 2024, and except as required by law, GIMPL disclaims any duty to update them. Subject to any law to the contrary and to the maximum extent permitted by law, GIMPL, its related bodies corporate and its directors, officers and employees disclaim all liability for any and all direct and indirect losses, damages, costs, expenses and liabilities arising in connection with any person acting or relying on the information provided in, or omitted from, this page.  GIMPL and/or any related body corporate or its directors, officers or employees may have an interest in the Fund. When you make an application to invest in the Fund, Growthpoint Properties Australia and its controlled entities (Group, we) will collect personal information from you in the Application Form or otherwise as part of the application process. We collect your personal information primarily so we can verify your identity and consider and potentially establish your investment in the Fund. We will also collect and may use and disclose your personal information purpose that include: 
•    managing our property investment portfolio; 
•    facilitating investments in the Group; 
•    maintaining and updating our records; 
•    communicating with you and carrying out the administration of our relationship with you;
•    complying with our obligations under applicable laws and regulations; and 
•    for direct marketing purposes, including to market new or existing products managed or issued by members of the Group to you (unless you request us not to use your personal information for such purposes). If you do not provide us with all the personal information we request, we will be unable to establish your investment in the Fund, process your application and administer your investment, or provide you with any, some, or all of the features of our products or services available to you. We may be required by the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 and corporate and taxation legislation to collect your personal information. For certain investors, we may also be required to collect and disclose certain personal information to the Australian Taxation Office in order to comply with the Foreign Account Tax Compliance Act (FATCA). The types of organisations to which we may disclose the personal information provided by you include: 
•    your organisation, colleagues and representatives;
•    our financial institutions; and 
•    third parties who require the information in order to provide services to us.
You can request access to or seek correction of your personal information by notifying us in writing at any time or by phone, subject to passing our security checks. The Group Privacy Policy provides information about how you may access and correct the personal information we hold about you. Our Privacy Policy also includes information about how you may complain about a breach by us of the Australian Privacy Principles and how we will deal with such a complaint. A copy of the Group Privacy Policy is available here, or you can request a copy by calling us on (02) 9236 4700.
Any inquiries, complaints or feedback you may have regarding privacy matters can be directed to:
Growthpoint Properties Australia 
Attention: Privacy Officer
Level 18, 101 Collins Street, Melbourne VIC 3000 
Telephone: (03) 8681 2900
Email: privacy@growthpoint.com.au