Investor Site Tour ― Sydney November 2007
The New Rouse Hill Appropriate photo Nick Saclley Retail Strategic Business Unit − Bovis Lend Lease Bovis Lend Lease – Retail Strategic Business Unit
Who We Are Aside from Westfield, we are the only business dedicated to Retail Project Management in Australia Team consists of 55 project managers (Design & Construction) and cost planners Where We Operate National focus Current Projects in A$1.089 billion Delivery Projects in Design A$2.1 billion Development / Conversion Our Services End to end role from masterplanning, feasibility to project completion and ongoing operations “Traditionally” Design & Construction Project Management consulting role, e.g. masterplanning Value Management exercises Our substantial shopping centre experience with Lend Lease as owner / developer / centre manager for over 40 years Our Clients QIC, Stockland, DB REEF, Colonial, Australian Prime Property Fund, The GPT Group, AMP and Delfin Lend Lease
2 Competitor Positioning
Competitor Service Offering Bovis Lend Lease end-to-end offering Westfield Consultant Development Managers Internal Development Managers, Catylist, One-man shows Design & Construct Multiplex, Probuild, Leighton, Grocon, Laing O’Rourke Construct Construction Engineering, Hansen Yuncken, ADCO, Mainbrace
3 Our Value Proposition
Our Value Proposition Value to Client Focus on optimising owners’, customers’ and Inherent knowledge of retail industry retailers’ end outcome Understanding of owner’s business case & ability of Greater leverage of client’s investment and project managers to work autonomously development managers Improved lease negotiations via technical support Improved commercial outcome Early capping of Design & Construction risk Shoring up commerce Increased speed to market incorporating stakeholders’ needs via fast tracked Design & Earlier income stream Construction Improved tenancy management during development Abatement budget savings Upfront, in-house, specialist architectural & Streamlined development process resulting in time technical design services embedded in the Bovis saving & creating value through innovative front-end Lend Lease Approach to Project Management focus and problem solving
4 Our Projects – Recent
Erina Fair Redevelopment Location Central Coast, NSW Value A$220m Client APPF & The GPT Group Completion September 2003 Bovis Lend Lease Services Fully integrated, fast tracked design and construction services from masterplanning to project delivery
Melbourne Central Location Melbourne, VIC Value A$225m Client The GPT Group Completion November 2004 Bovis Lend Lease Services Fully integrated, fast tracked design and construction services from masterplanning to project delivery 5 Our Projects – Recent
Macarthur Square Redevelopment Location Campbelltown, NSW Value A$150m Client APPF & The GPT Group Completion Main works − October 2005 Final stage − March 2006 Bovis Lend Lease Services Project design and construction management services
Westfield Penrith Redevelopment Location Penrith, NSW Value A$100m Client Westfield & The GPT Group Completion November 2005 Bovis Lend Lease Services Fully integrated design and construction services, including masterplanning and all project management 6 Our Projects – Recent
Bay Village Location Central Coast, NSW Value A$34m Client Stockland Development Trust Completion September 2005 Bovis Lend Lease Services Project management, design and construction
Myer Refurbishment & Fitout Location Brisbane, QLD Value A$20m Client Myer Stores Ltd Completion 2005 Bovis Lend Lease Services Project and construction management
7 Our Projects – Current
Top Ryde Shopping Centre Location Ryde, NSW Value A$470m Client The Beville Group Completion Under construction Bovis Lend Lease Services Fully integrated, fast tracked design and construction (project management, design, construction management, tenancy coordination)
Mid City Centre Location Sydney, NSW Value A$260m Client Fortius / APPF Completion Under construction Bovis Lend Lease Services Fully integrated, fast tracked design and construction (project management, design, construction management, tenancy coordination) 8 Our Projects – Current
Robina Centre Location Gold Coast, QLD Value A$180m Client QIC Completion Under construction Bovis Lend Lease Services Fully integrated, fast tracked design and construction (project management, design, construction management, tenancy coordination)
Rouse Hill Town Centre Location Rouse Hill, NSW Value A$420m Client The GPT Group Completion Stage 1 – 25 September 2007 Stage 2 – April 2008 Bovis Lend Lease Services Fully integrated, fast tracked design and construction (project management, design, construction management, tenancy coordination) 9