Delivering Value Through Performance INVESTA OFFICE CORPORATE PROFILE 1
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INVESTA OFFICE Delivering value through performance INVESTA OFFICE CORPORATE PROFILE 1 Investa, committed to innovation and leadership in the Australian real estate sector. 2 INVESTA OFFICE Investa HeaDQUARteRS, 126 PHILLip stReet, SYDneY CORPORATE PROFILE 3 The Investa story Market leadership, proven performance AT A GLANCE With a long history of managing Office Portfolio AU$7 billion institutional grade office buildings Tenants 1,000+ in core CBD markets around Australia, Net lettable area Investa Property Group’s office 1 million m2+ portfolio is valued at over AU$7 billion. Funds under management in our listed and unlisted funds total more than AU$4.4 billion, managed on behalf of over 17,500 investors. “We believe we are a best-of-breed owner and manager of quality office buildings in Australia and continually strive to enhance our operational performance while maintaining the highest quality business practices.” Scott MacDonaLD, CHaiRman & CEO All figures as at 30 June 2012. 4 INVESTA OFFICE Our core capabilities We know office buildings SYDNEY CBD Investa’s office business functions on the principle that success and continued performance is contingent on creating measurable value in our office assets at every level. Scale Quality Investa is one of the largest owners Investa’s commitment to quality and managers of institutional grade applies at every level of the business office real estate in Australia controlling – our office assets are located more than 1 million square metres of primarily in major capital city CBD office space which accommodates markets and are of prime grade quality. some of the world’s leading companies. Our in-house portfolio, asset and property services platform and market- leading sustainability practices enhance the performance of our assets. CORPORATE PROFILE 5 Expertise Focus Leadership The depth of experience of our Investa’s vision is to be the category Investa’s long track record of people extends across all divisions leader in the Australian office market, responsible property ownership which encompass funds, asset, a dedicated specialist, with depth and and management positions the property, facilities and project breadth of expertise in the sector. company as a world leader in management, development, capital Our unique, integrated real estate sustainability in the real estate transactions, finance, tax and platform covers the entire spectrum sector. Our environmental initiatives research. We ensure our people have of office ownership and management, result in better performing assets opportunities to develop their skills and translating to more control, better and higher returns to our investors. are incentivised through performance. efficiency and greater innovation. Our transparency in reporting real environmental results gives investors peace of mind. 6 INVESTA OFFICE The Investa integrated real estate platform A competitive advantage Investa’s competitive strength is being a specialist owner and manager of high quality office buildings in core CBD markets in Australia. The office management platform A SUSTAINABLE DIFFERENCE Listed Fund services both Investa’s balance Investa Office Fund (IOF) sheet portfolio as well as the assets Investa has been internationally within our listed and unlisted funds. recognised for leadership in the environmental management of Unlisted Fund Investa is unique in that it operates an buildings and for addressing climate Investa Commercial Property integrated office management platform change through sophisticated with an end-to-end service offering Fund (ICPF) energy and water efficiency incorporating: practices and innovative facilities Balance Sheet Portfolio > Portfolio and asset management. While we remain Investa Property Trust (IPT) management services; committed to ever more stringent > Property services; efficiency targets, our focus is Mandates and increasingly on sustainability > Development; Joint Ventures initiatives that complement other > Sustainability, safety core strategies which are designed and environment; to attract and retain tenants, making > Research. us a business partner of choice. This integrated platform allows Investa to better manage office buildings to optimise performance, refurbish or redevelop sites to create value, and collaborate with tenants to deliver market leading property solutions. Continued growth and enhanced scale will be achieved through our focus on the listed and institutional capital environments and by leveraging our integrated real estate platform to deliver superior performance. CORPORATE PROFILE 7 LISTED FUND A OFFICE FUND (I EST OF) INV SUSTAIN ABIL ET & ITY S ENVIR , S AS ES ON A IC M FE D V E T N R N Y A E T S I N O T B I V L N A E E O R L M S F E A E S T T N G E A C R A A P O R E N R C S P S A O H E H M P R E E U E INVESTA OFFICE R T T T D S N MANAGEMENT Y P E E N O T V V PLATFORM O R R E I T L U L T T N A O S F I C T O T P I A O M L S P J ( I I P E A N O N T A C ) T R T S P CE S RO VI IE T M P PE ER IT N RO RTY S IL E AN J C M A EC FA GE GE T A M PR RTY AN ENT OPE M MANAGEMENT F) IN P V IC ES ( T D ND A C UNLISTED FUN FU OM TY MERCIAL PROPER 8 INVESTA OFFICE Our funds Proven performance “ As a best in class fund manager, we develop a strategic plan for each asset. Once established, our integrated platform enables our fund managers to focus on broader markets and trends while our asset and property services team implement the asset strategy and drive operational efficiencies.” CampbeLL Hanan, GROUP EXecUtive HeaD OF INVESTA OFFICE 120 COLLINS STREET, MELBOURNE CORPORATE PROFILE 9 126 PHILLIP STREET, SYDNEY 232 ADELAIDE STReet, BRisbane 242 EXHibition STReet, MELboURNE Investa manages two real estate investment funds Investa’s funds management that provide exposure to quality office assets for both division prides itself on: institutional and retail investors. Funds under management > Experienced fund in Investa funds total more than AU$4.4 billion* in both the managers with extensive listed and unlisted sectors. knowledge of property Through Investa’s unique and fully integrated operational and capital markets platform, the funds consistently deliver strong financial > Strong relationships with and environmental performance for investors. investors and advisors Investa is committed to the highest standards of corporate > Delivery of innovative governance and ethical conduct, recognising it as an fund strategies essential component of our responsibility to investors. Through our commitment to transparency, Investa has > Strategic transaction developed a robust framework to ensure each Fund’s and capital management governance objectives are met, risk is monitored and initiatives assessed, and performance is optimised. > Best practice reporting > Strong corporate governance > Environmental sustainability integrated into our management approach *As at 30 June 2012. 10 INVESTA OFFICE Listed fund Investa Office Fund (IOF) Investa Office Fund (ASX code: IOF) is an ASX-listed real estate investment trust with total assets under management of AU$2.5 billion. IOF is a leading owner of investment grade office buildings with investments located in core CBD markets in Australia, and select offshore markets in Europe. 1 2 3 4 5 FUND SNAPSHOT The fund’s current Australian office > Taking advantage of cap rates at GFC assets under management total levels to acquire high quality Australian Total assets AU$2.5 billion over AU$2.2 billion, with the fund CBD office assets with attractive receiving rental income from a tenant risk-adjusted return profiles; Number of investments 191 register comprising predominantly > Diversifying sources of funding government and blue chip tenants. WALE 5.1 years and extending debt maturities; IOF’s overarching strategy is to be > Maintaining a disciplined3 approach Fund manager Toby Phelps Australia’s leading CBD office fund, to capital expenditure by focusing consistently delivering high risk-adjusted on yield on cost and value creation; returns. The Fund’s key areas of focus include: > Continuing to report transparently and consistently, while maintaining > Continuing to reposition the portfolio the highest standards of corporate towards being 100% Australian; governance and improving > Leveraging Investa’s integrated environmental performance. management platform to address short-term expiries and vacant space, while aligning the lease expiry profiles to demand and supply cycles in each market; 96.0% 4.0 Occupancy Star NABERS Energy rating2 All figures as at 30 June 2012. 1. Excludes 14.2% ownership of Dutch Office Fund. 2. Portfolio weighted average. CORPORATE PROFILE 11 Investa Office Fund (IOF) 1. 105-151 Miller Street, North Sydney 2. 347 Kent Street, Sydney 3. 383 La Trobe Street, Melbourne 4. 239 George Street, Brisbane 5. 232 Adelaide Street, Brisbane 6. 111 Pacific Highway, North Sydney 6 126 PHILLIP STREET, SYDNEY 12 INVESTA OFFICE Unlisted fund Investa Commercial Property Fund (ICPF) ICPF is a core prime wholesale office fund with a mix of major domestic and international investors. The fund is focused on investing in prime Australian CBD office properties. 1 2 3 4 5 FUND SNAPSHOT ICPF’s strategy is to be Australia’s With assets under management premier unlisted wholesale office fund. of more than AU$1.8 billion, the fund Total assets AU$1.8 billion The key strategic objectives of the fund is well diversified by market, tenant are to: and industry type, with an active Number of investments 12 capital management approach, > Achieve a high level of risk adjusted and a conservative gearing profile. WALE 4.8 years total return for investors through The fund’s portfolio of 12 assets includes quality acquisitions and proactive interests in some of Australia’s leading Fund manager Peter Menegazzo portfolio management; office buildings, including Deutsche > Reduce investment risk and provide Bank Place at 126 Phillip Street, Sydney long term liquidity to unitholders; and 120 Collins Street, Melbourne.