14 November 2007 MIRVAC’S QUEENSLAND ANALYST/INVESTOR TOUR Attached is an information booklet produced for an analyst/investor tour of Mirvac’s Queensland assets being conducted today. Michael Smith Group Company Secretary Mirvac is a leading ASX-listed, integrated real estate group with more than $26.3 billion of activities under control across the real estate funds management and development spectrum.
Analyst & Investor QLD Tour Showcasing commercial, industrial, retail and residential developments 14th November 2007
Analyst & Investor QLD Tour November 2007 Contents External Attendees 3 Mirvac Attendees 4 Map 5 Itinerary 6 Internal Funds Management 7 127 Creek Street 8 189 Grey Street 9 John Oxley Centre 10 Mojo Building 11 Logan Mega Centre 12 Orion Springfield Town Centre 13 Hinkler Central 14 Kawana Shopping Centre 15 Residential Development 16 Park Hill Village, Murarrie 17 Waterline, Bulimba 18 Mossvale on Manly, Wakerley 19 Mossvale on Manly, Wakerley(MWRDP) 20 Ephraim Island, Paradise Point 21 The Sanctuary on Moggill 22 Newstead River Park 23 Tennyson Riverside Development 24 Fairways, Brookwater 25 Mariner’s Peninsula, Townsville 26 Mariner’s Peninsula, Townsville (MWRDP) 27 Gainsborough Greens/Paddy’s Farm Pimpama 28 Hope Island Resort 29 Hope Island Resort (MWRDP) 30 Non Residental Development 31 Education City, Springfield 32 Ormeau Shopping Centre 33 Nambour Shopping Centre 34 Mirvac Industrial Land Banks 35 Location Map 36 Beaudesert Boonah Road, Bromelton 37 Lot 226, Cunningham Highway, Mutdapilly 39 133 South Pine Road, Brendale 41 525-597 Pumicestone Road, Caboolture 42 29, 31 & 61 Boundary Road, Mackay 44 Key Terms 45 2
Analyst & Investor QLD Tour November 2007 External Attendees Robert Bitomsky ABN AMRO Morgans Kieran Osborne Brook Asset Management Michael Mayrseidi Burrell Stockbroking Ben Dalling Challenger Financial Services Alexandra Rogers Citi Group David Burgess Credit Suisse Equities Philip Cheetham Deutsche Asset Management Anna Chen Deutsche Bank Peter Zuk Goldman Sachs JBwere Catriona Forrester ING Investment Richard Jones J.P. Morgan Securities Paul Checchin Macquarie Securities Mario Saccoccio MacarthurCook Michael Frearson Macquarie Private Portfolio Management Winston Sammut Maxim Asset Management John Kim Merrill Lynch Equities Australia John Richmond Merrill Lynch Equities Todd McFarlane Morgan Stanley Van Morris Orchard Funds Management Jeffrey Mak Perennial Real Estate Investments Brett McNeil Portfolio Partners John Freedman UBS Guests Mark Goodman ICPS Paul McDonald ICPS 3
Analyst & Investor QLD Tour November 2007 Mirvac Attendees Greg Paramor Managing Director Chris Freeman CEO QLD Justin Mitchell Chief Financial Officer Matthew Wallace Development Director Peters Gibbs Operations Manager QLD Gerald Vandermeyde Financial Controller QLD Brett Robinson Senior Development Manager Stuart Penklis National Industrial Director Ben James Trust Manager MPT Greg Chubb Director Retail MPT Adam Crowe Investor Relations Manager Deborah Robinson Investor Relations Coordinator 4
Analyst & Investor QLD Tour November 2007 Investment Portfolio & Developments Hinkler Central Mariner’s Peninsula, Townsville Nambour Shopping Centre Kawana Shopping Centre BRISBANE AIRPORT BRISBANE CBD Newstead Riverpark Waterline 127 Creek St Bulimba Park Hill Village John Oxley Centre Mojo Building Mossvale on 189 Grey St Manly Y W Y W H Tennyson H Y A Y Riverside W R The Sanctuary A E N M1 T Moggill A N G E T N E Ormeau Shopping Centre C L O G A N Gainsborough Greens M W Logan Mega Centre Y Pimpama Hope Island Education Orion Fairways Ephraim Island City Springfield Brookwater LEGEND INtErNaL fuNDs maNaGEmENt rEsIDENtIaL DEvELopmENt NoN-rEsIDENtIaL DEvELopmENt 5
Analyst & Investor QLD Tour November 2007 Itinerary Time Activity/Location Tour Guides 8:00am Meeting point Quay West Suites Reception 8:15am Depart Quay West Suites Matt Wallace Introduction, state overview & update Safety & site induction Drive by - Newstead River Park, Newstead Matt Wallace Update - Office portfolio Ben James 8:45am - 9:15am Site visit 133 South Pine Rd, Brendale Stuart Penklis & ICPS Update - Industrial portfolio Stuart Penklis 10:15am - 10:45am Site visit 525-597 Pumicestone Rd, Caboolture Stuart Penklis & ICPS 12:30pm - 1:45pm LUNCH Gainsborough Green Golf Club 1:45pm - 2:15pm Site visit Gainsborough Greens & Paddy’s Farm, Brett Robinson Pimpana Update - Retail portfolio Greg Chubb 3:00 - 3:30pm Site visit Orion Springfield Town Centre Greg Chubb 4:00pm - 4:30pm Site Visit Tennyson Reach Display Suite Matt Wallace 5:00pm Arrive Brisbane Airport 6
Analyst & Investor QLD Tour November 2007 Internal Funds Management Orion Springfjeld Town Centre, Springfjeld 127 Creek Street 8 189 Grey Street 9 John Oxley Centre 10 Mojo Building 11 Logan Mega Centre 12 Orion Springfield 13 Hinkler Central 14 Kawana Shoppingworld 15 7
Analyst & Investor QLD Tour November 2007 Commercial Funds Management 127 Creek Street, Brisbane 127 Creek Street, Brisbane, QLD DESCRIPTION The property comprises 26 offjce fmoors and two levels of basement car parking. The building features 790sqm fmoor plates with good natural light on all slides and is close to Central railway station, Queen Street Mall and the fjnancial heart of the CBD. SUMMARY INFORMATION GRADe B Grade OwNeRshIp 100% MPT NLA 18,408 sqm CAR spACes 123 ACQuIsITION DATe May 1998 BOOk VALue $89.0m VALuATION $72.0m VALuATION DATe 30 June 2006 CApITALIsATION RATe 7.50% DIsCOuNT RATe 9.50% GROss OFFICe ReNT $319/sqm MAJOR TENANTS* NLA SQM LEASE EXPIRY QLD sTATe GOVeRNMeNT 3,160 Oct 08 CORpORATe exeCuTIVe OFFICes 2,370 Jun 18 LEASE EXPIRY PROFILE % AREA* VACANCy 0.0% Fy08 15.7% Fy09 27.1% Fy10 18.1% Fy11 19.5% Fy12 1.5% BeyOND 18.1% wALe 3.17 yEARS * As at 30 september 2007 8
Analyst & Investor QLD Tour November 2007 Commercial Funds Management 189 Grey Street, South Bank 189 Grey Street South Bank, Brisbane, QLD DESCRIPTION This 12 level complex was developed by Mirvac in February 2005. The building features excellent natural light, large effjcient fmoor plates of approximately 1,600sqm, and spectacular river and city views. The Southbank precinct provides the benefjts of the parklands, retail services and public transport. SUMMARY INFORMATION GRADe A Grade OwNeRshIp 100% MPT NLA 12,728 sqm CAR spACes 180 ACQuIsITION DATe February 2005 BOOk VALue $65.0m VALuATION $65.0m VALuATION DATe 30 June 2007 CApITALIsATION RATe 7% DIsCOuNT RATe 8.75% GROss OFFICe ReNT $328/sqm MAJOR TENANTS* NLA SQM LEASE EXPIRY IAG 7,281 Mar 15 ThIess pTy LTD 4,659 Feb 13 LEASE EXPIRY PROFILE % AREA* VACANCy 0.0% Fy08 2.2% Fy09 0.0% Fy10 3.6% Fy11 0.0% Fy12 0.4% BeyOND 93.8% wALe 6.33 yEARS * As at 30 september 2007 9
Analyst & Investor QLD Tour November 2007 Commercial Funds Management John Oxley Centre, Brisbane John Oxley Centre 339 Coronation Drive, Brisbane, QLD DESCRIPTION A campus style commercial offjce building, with fjve levels of offjce accommodation and two levels of basement car parking. Large fmoor plates across two towers connect to provide 2,700sqm fmoor plates. Constructed in 1989, the building is well located on Coronation Drive with views across the river to the CBD. SUMMARY INFORMATION GRADe B Grade OwNeRshIp 100% MPT NLA 13,172 sqm CAR spACes 319 ACQuIsITION DATe May 2002 BOOk VALue $58.5m VALuATION $58.5m VALuATION DATe 30 June 2007 CApITALIsATION RATe 7.75% DIsCOuNT RATe 9.00% GROss OFFICe ReNT $321/sqm MAJOR TENANTS* NLA SQM LEASE EXPIRY ORIGIN eNeRGy 6,304 Jun 18 AusTRALIA pOsT CORpORATION 1,661 Jun 10 LEASE EXPIRY PROFILE % AREA* VACANCy 0.0% Fy08 0.0% Fy09 13.8% Fy10 12.6% Fy11 9.7% Fy12 10.7% BeyOND 53.2% wALe 6.94 yEARS * As at 30 september 2007 10
Analyst & Investor QLD Tour November 2007 Commercial Funds Management Mojo Building, Brisbane MOJO Building 164 Grey Street, South Bank, Brisbane, QLD DESCRIPTION Developed by Mirvac in 2001, this boutique offjce building is located in the fringe offjce market of Southbank. Over three levels, the building offers sensational views across the Brisbane River to the CBD and is the head offjce to Mirvac Queensland. SUMMARY INFORMATION GRADe A Grade OwNeRshIp 100% MPT NLA 3,079 sqm CAR spACes 37 ACQuIsITION DATe June 2001 BOOk VALue $14.5m VALuATION $14.1m VALuATION DATe 31 December 2006 CApITALIsATION RATe 7.00% DIsCOuNT RATe 9.00% GROss OFFICe ReNT $382/sqm MAJOR TENANTS* NLA SQM LEASE EXPIRY MIRVAC QLD 1,590 May 08 MOjO pARTNeRs 1,016 August 2009 LEASE EXPIRY PROFILE % AREA* VACANCy 0.0% Fy08 64% Fy09 0% Fy10 36% Fy11 0.0% Fy12 0.0% BeyOND 0.0% wALe 1.09 yEARS * As at 30 september 2007 11
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