Portfolio Overview

Key Metrics

As at 31 March 2018

    Office Industrial
Total
Number of properties no. 26 31 57
Total value
$m 2,157.7 1,127.3 3,285.0
% of portfolio value % 66 34 100
Occupancy % 97 99 98
Total / average lettable area sqm 286,518 / 11,020 717,026 / 23,130 1,003,543 / 17,606
Weighted average valuation cap rate % 6.1 6.8 6.4
WALE
years 5.6 5.1 5.5
WARR*
% 3.5 2.8 3.3
Average value (per sqm) $ 7,531 1,572 3,273
Average rent (per sqm, per annum) $ 544 115 236
Number of tenants
No. 101 38 139

* Assumes Consumer Price Index change of 1.9% per annum as per Australian Bureau of Statistics release for year to 31 December 2017.

Sector diversity

Geographic diversity

Top ten tenants

Portfolio lease expiry profile

View Office Portfolio View Industrial Portfolio

Download the
2017 
Annual Report

Download the 2017 Annual
Results Presentation

Latest Acquisitions

36 & 58 Tarlton Crescent and 2 & 10 Hugh Edwards Drive, Perth Airport, WA

Four modern warehouses which form part of the Perth Airport precinct

   
Interest Leasehold expiring 2047 plus 49 year option
Book Value as at 30/12/2017: $46.0 million
Valuer: Directors
Cap Rate: 8.08%
Discount Rate: 8.67%
Major tenant: Mainfreight Distribution Pty Ltd
Weighted Average Lease Expiry: 6.8 years
Lettable area: 31,948 sqm
Site area: 57,617 sqm