Portfolio Overview

Key Metrics

As at 31 December 2018

    Office Industrial
Total
Number of properties no. 28 31 59
Total value
$m 2,675.5 1,185.3 3,860.8
% of portfolio value % 69 31 100
Occupancy % 98 99 99
Total lettable area sqm 321,616 717,067 1,038,683
Weighted average valuation cap rate % 5.8 6.5 6.0
WALE
years 5.4 4.4 5.1
WARR#
% 3.6 2.8 3.3
Average value (per sqm) $ 8,319 1,653 3,717
Average rent (per sqm, per annum) $ 566 117 256
FY18 net property income $m. 68.5 40.3 108.8
Number of tenants* no. 114 37 151

# Assumes CPI change of 1.8% per annum as per Australian Bureau of Statistics released for CY18.

*Orora is a tenant of both the Office and Industrial portfolios.

Sector diversity

Geographic diversity

Top ten tenants

Portfolio lease expiry profile

View Office Portfolio View Industrial Portfolio

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2019 
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Results Presentation

Latest Acquisitions

100 Skyring Terrace, Newstead, QLD

Modern A-grade office with high sustainability credentials, including 5.5 Star NABERS Energy Rating, located in Brisbane's prestigious Urban Renewal precinct. Built in 2014 with architecture by ML Designs and high-quality fit out by Bates Smart.

   
Interest Freehold
Book Value as at 31/12/2018: $250.0 million
Valuer: Directors
Cap Rate: 5.8%
Discount Rate: 6.5%
Major tenant: Bank of Queensland
Weighted Average Lease Expiry: 7.4 years
Lettable area: 24,665 sqm
Site area: 5,157 sqm

836 Wellington Street, West Perth, WA

This is a 6-level modern A-Grade office building with 138 secured car bays. The building has a 5.5 Star NABERS Energy rating.

   
Interest Freehold
Book Value as at 31/12/2018: $91.3 million
Valuer: Directors
Cap Rate: 6.3%
Discount Rate: 7.3%
Major tenant: Commonwealth of Australia (Department of Home Affairs)
Weighted Average Lease Expiry: 8.1 years
Lettable area: 11,973 sqm
Site area: 4,304 sqm