INVESTOR SITE TOUR MAY 2004
SITE VISIT MAY 2004 3 1 2 4 1 The Sebel Pier One Sydney 7 Pier 8/9 13 Bond Store 3 2 Pier 2/3 8 T owns Place North 14 Sydney Theatre 3 Shore Studios 2/3 9 T owns Place Apartments 15 The P arbury Apartments 4 Wharf 4/5 10 T owns Place East 16 Walsh Bay Homes on 5 Pier Apartment 6/7 11 Bond Store 1 P ottinger Street 6 Shore Apartments 6/7 and 8/9 12 Bond Store 2 17 Bond Stores 5-7
13 15 16 17 14 12 11 10 6 5 8 7 9 2 MIRVAC SYDNEY INVESTOR TOUR
SITE VISIT MAY 2004 Bond One, Walsh Bay Commercial Development PROJECT ADDRESS Hickson Road, Walsh Bay DESCRIPTION An A Grade office building in the Walsh Bay precinct. It features quality finishes and services and floor plates of approximately 1500sqm. Includes 178 car spaces. SUMMARY INFORMATION Ownership: 100% Area SQ M: 9,100 Estimated Value: $50m Estimated Completion: TBA 3 MIRVAC SYDNEY INVESTOR TOUR
SITE VISIT MAY 2004 T owns Place, Walsh Bay * Apartment Development DESCRIPTION The final residential offering at Walsh Bay. The majority of apartments feature harbour views. Includes gymnasium, pool and other facilities. Commercial carpark of 190 spaces is below apartment building. SUMMARY INFORMATION Acquisition Date: 1998 T otal Project Value: $100m Sales P eriod: 2004 - 2006 Apartments: 65 Current Price Range: $850,000 - $3.5m * Joint Venture 4 MIRVAC SYDNEY INVESTOR TOUR
SITE VISIT MAY 2004 Saunders Wharf, Darling Island Residential Development Site DESCRIPTION Three bedroom luxury apartments with a variety of floor plans up to 213 sqm (internal). On the Darling Island P eninsula. Includes 900sqm of strata commercial space. SUMMARY INFORMATION Acquisition Date: December 2002 T otal Project Value: $80m Project P eriod: 2004 - 2006 27 apartments / 900m 2 T otal Lots: strata commercial Current Price Range: $2.1m - $4.6m 5 MIRVAC SYDNEY INVESTOR TOUR
SITE VISIT MAY 2004 Darling Island Commercial Development Site PROJECT ADDRESS Capitalisation Rate: N/A Discount Rate: N/A Pirrama Rd, Darling Harbour. MAJOR TENANTS DESCRIPTION SQ M N/A Following the success of Bay Centre, Darling Island will be an A Grade office building offering LEASE EXPIRY PROFILE Vacant N/A large floor plates, with NLA in some floors of 4.472sqm. FY04 SUMMARY INFORMATION FY05 Ownership: 100% FY06 Area SQ M: 22,175 FY07 Acquisition Date: December 2002 FY08 Valuation: N/A FY09+ Valuation Date: N/A Estimated Cost: $100m 6 MIRVAC SYDNEY INVESTOR TOUR
SITE VISIT MAY 2004 Bundock Street, Randwick Residential Development Site DESCRIPTION Large luxury small lot detached and attached homes, currently under construction. Will feature extensive landscaping. Acquired from the Department of Defence with an existing Master Plan. SUMMARY INFORMATION Acquisition Date: May 2003 T otal Project Value: $150m Sales P eriod: 2004 - 2006 T otal Lots: 80 Current Price Range: $1.5m - $2m+ 8 MIRVAC SYDNEY INVESTOR TOUR
SITE VISIT MAY 2004 Heathcote Road, Holsworthy Mirvac Homes Development Site DESCRIPTION Mix of integrated lifestyle attached homes. SUMMARY INFORMATION Acquisition Date: November 2002 T otal Project Value: $90m Sales P eriod: 2006 - 2007 T otal Lots: 255 Current Price Range: $340,000 - $360,000 8 MIRVAC SYDNEY INVESTOR TOUR
SITE VISIT MAY 2004 Cantello Avenue, Hammondville Mirvac Homes Development Site DESCRIPTION Lifestyle estate comprising detached homes. SUMMARY INFORMATION Acquisition Date: January 2003 T otal Project Value: $26m Sales P eriod: 2005 - 2006 T otal Lots: 106 Current Price Range: $335,000 - $600,000 9 MIRVAC SYDNEY INVESTOR TOUR
SITE VISIT MAY 2004 Spring Farm Mirvac Homes Development Site DESCRIPTION Mix of integrated lifestyle and retail lots, ranging from attached terraces to 600 sqm lots. SUMMARY INFORMATION Acquisition Date: May 2001 T otal Project Value: $172m Sales P eriod: 2006 - 2013 T otal Lots: 435 Current Price Range: $280,000 - $485,000 10 MIRVAC SYDNEY INVESTOR TOUR
SITE VISIT MAY 2004 Nexus Industry Park Industrial Development Site PROJECT ADDRESS MAJOR TENANTS SQ M N/A Kurrajong Road, Prestons, Sydney LEASE EXPIRY PROFILE DESCRIPTION Vacant N/A The undeveloped former Liverpool Showground site is zoned 4(a) Industrial, which is able to FY04 accommodate a variety of users. It fronts the M7 Orbital, near its intersection with the M5. FY05 SUMMARY INFORMATION FY06 Ownership: 100% FY07 Area SQ M: 17,000 FY08 Acquisition Date: December 2003 FY09+ Valuation: TBA Valuation Date: TBA Cost Inc. Additions: $23,210,000 Capitalisation Rate: N/A Discount Rate: N/A 11 MIRVAC SYDNEY INVESTOR TOUR
SITE VISIT MAY 2004 Glenfield Road, Casula Mirvac Homes Development Site DESCRIPTION Mix of integrated lifestyle and retail lots, ranging from attached terraces to 600 sqm lots. SUMMARY INFORMATION Acquisition Date: June 2001 T otal Project Value: $250m Sales P eriod: 2005 - 2008 T otal Lots: 599 Current Price Range: $295,000 - $475,000 12 MIRVAC SYDNEY INVESTOR TOUR
SITE VISIT MAY 2004 Casula Display Village 13 MIRVAC SYDNEY INVESTOR TOUR
SITE VISIT MAY 2004 Village Centre, St Marys Retail PROJECT ADDRESS Valuation Date: 30 April 2003 Cost Inc. Additions: $34,577,000 Charles Hacket Drive, Street Marys, Sydney DESCRIPTION Capitalisation Rate: 8.0% Discount Rate: 10% A sub regional centre in Sydney's western suburbs, Street Marys services an area extending between Sales MAT Feb '04: $81.4m P enrith and Blacktown. Variance: + 2.3% SUMMARY INFORMATION MAJOR TENANTS SQ M Grade: Sub Regional Woolworths 4,234 Ownership: 100% T arget 8,023 Area SQ M: 16,020 Car spaces: 555 Acquisition Date: 17 January 2003 Valuation: $34,250,000 14 MIRVAC SYDNEY INVESTOR TOUR
SITE VISIT MAY 2004 Doonside Road, Woodcroft * Mirvac Homes Development Site DESCRIPTION Mix of integrated and retail lots. SUMMARY INFORMATION Acquisition Date: April 2003 T otal Project Value: $92m Sales P eriod: 2004 - 2007 T otal Lots: 393 Current Price Range: $270,000 - $320,000 * Joint Venture 15 MIRVAC SYDNEY INVESTOR TOUR
SITE VISIT MAY 2004 Blacktown Mega Centa Retail PROJECT ADDRESS Valuation Date: 1 March 2002 Blacktown Road, Blacktown Cost Inc. Additions: $30,035,000 DESCRIPTION Capitalisation Rate: 9.25% Blacktown Mega Centa is located on the fringe of Discount Rate: 11.25% the Blacktown CBD and comprises a broad range of household and bulky good stores aimed at Sales MAT Dec '03: N/A servicing the growing region. Variance: N/A SUMMARY INFORMATION MAJOR TENANTS Grade: Bulky Goods Centre Bunnings 11,606 Ownership: 100% Harvey Norman 5,705 Area SQ M: 25,189 Car Spaces: 550 Acquisition Date: 30 June 2002 Valuation: $30,000,000 16 MIRVAC SYDNEY INVESTOR TOUR
SITE VISIT MAY 2004 Sunnyholt Road, Acacia Gardens Mirvac Homes Development Site DESCRIPTION Lifestyle estate comprising attached 120sqm to 150sqm product and detached 180sqm four bed- room product . SUMMARY INFORMATION Acquisition Date: December 2003 T otal Project Value: $50m Project P eriod: 2003 - 2006 T otal Lots: 116 Current Price Range: $350,000 - $450,000 17 MIRVAC SYDNEY INVESTOR TOUR
SITE VISIT MAY 2004 Stanhope Village, Sentry Drive Retail PROJECT ADDRESS Valuation Date: TBA Sentry Drive, Stanhope Gardens Cost Inc. Additions: $19,151,000 DESCRIPTION Capitalisation Rate: TBA Developed by Mirvac as part of its joint venture Discount Rate: TBA residential development at Newbury Estate, Stanhope Village opened in late 2003. The centre Sales MAT : N/A is anchored by a Coles Supermarket. Variance: N/A SUMMARY INFORMATION MAJOR TENANTS SQM Grade: Convenience Centre Coles Supermarket 3,500 Ownership: 100% Area SQ M: 7,225 Car spaces: 333 Acquisition Date: 14 November 2003 Valuation: TBA 18 MIRVAC SYDNEY INVESTOR TOUR
SITE VISIT MAY 2004 Newbury Estate, Stanhope Gardens * Mirvac Homes Development Site DESCRIPTION Mix of integrated lifestyle and retail lots, ranging from attached terraces to 600 sqm lots. SUMMARY INFORMATION Acquisition Date: December 1999 T otal Project Value: $420m Sales P eriod: 2002 - 2007 T otal Lots: 1790 Current Price Range: $290,000 - $540,000 * Joint Venture 19 MIRVAC SYDNEY INVESTOR TOUR
SITE VISIT MAY 2004 Old Castle Hill Road, Castle Hill Mirvac Homes Development Site DESCRIPTION Lifestyle estate comprising detached homes. SUMMARY INFORMATION Acquisition Date: June 2002 T otal Project Value: $50m Project P eriod: 2002 - 2006 T otal Lots: 64 Current Price Range: $765,000 - $900,000 20 MIRVAC SYDNEY INVESTOR TOUR
SITE VISIT MAY 2004 Duffy Avenue, Westleigh Mirvac Homes Development Site DESCRIPTION Lifestyle estate comprising attached and detached homes. SUMMARY INFORMATION Acquisition Date: December 1998 T otal Project Value: $113m Sales P eriod: 2003 - 2005 T otal Lots: 189 Current Price Range: $412,000 - $710,000 21 MIRVAC SYDNEY INVESTOR TOUR
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