For Personal Use Only Use Personal for Contents

2016 INTERIM RESULT

Property Compendium For personal use only use personal For Contents

Retail Portfolio 3 GWSCF Portfolio 18 Office Portfolio 36 GWOF Portfolio 51 Logistics Portfolio 81

GMF Portfolio 97 For personal use only use personal For 2016 INTERIM RESULT

Retail Portfolio For personal use only use personal For For personal use only use personal For Casuarina Square Northern Territory Casuarina Square, Northern Territory GPT

Casuarina Square is the premier shopping destination in Darwin and the Northern Territory. The centre is located in the northern suburbs of Darwin, a 15 minute drive from Darwin’s Central Business District (CBD) and 20 minutes from the satellite town of Palmerston. The centre includes two discount department stores, two supermarkets, a variety of specialty stores and a cinema entertainment offer. The centre is also complimented by a 303 bed student accommodation facility operated by Unilodge. Casuarina Square is also home to Australia’s largest solar rooftop system after installation of the 1.25MW (megawatt) system in 2015. A new entertainment and leisure precinct named “The Quarter” was successfully launched in July 2016. The project saw the introduction of 12 new dining tenancies and a Timezone entertainment centre.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 50% GPT Fair Value1 $304.8m Co-Owner GWSCF (50%) Capitalisation Rate2 5.75% Acquired (by GPT) October 1973 Valuation Type External Asset Type Regional Centre Income (6 months) $8.3m Construction/Refurbishment Completed 1973 / Refurbished 1998

Centre Details Sales Information Total GLA 53,000 sqm Total Centre Specialties Number of Tenancies 181 Sales Turnover per Square Metre $8,499 $11,582 Car Parking Spaces 2,410 Occupancy Costs 10.2% 15.9% Specialty Expiry Profile by Base Rent 2H 2016: 17% Annual Centre Turnover $388.1m 2017: 18% 2018: 16% Key Tenants Retail Occupancy 99.4% Area (sqm) Expiry Date Kmart 7,450 September 2030 Big W 6,130 December 2030 Woolworths 5,020 June 2018 BCC Cinemas 4,120 December 2018 Water intensity Emissions intensity (litres/m2) Coles 3,750 December 2020 (litres/m2) Sustainability

Water Intensity Emissions Intensity Operational Waste 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 3,000 115 45% 40% Recycling

2,500 only use personal For 110 rate of 35% 2,000 105 30% 41% 25% 1,500 100 CAS 20% 49% 45% 1,000 reduction 95 reduction 15% since 2005 since 2005 10% 500 90 5% 0 85 0% 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 1. Includes retail and student accommodation. 2. Retail component only. Note: Sustainability data as at 31 December 2015. 5 For personal use only use personal For Charlestown Square New South Wales Charlestown Square, New South Wales GPT

Charlestown Square is the largest shopping and entertainment destination in the Newcastle and Hunter region. The super regional centre comprises a Myer department store, two discount department stores and two full line supermarkets. In addition, the centre has a strong entertainment, leisure and lifestyle component. In July 2016 Charlestown Square saw the introduction of global fast fashion retailer H&M, the first store to open in Regional NSW.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GPT Fair Value $882.0m Acquired (by GPT) December 1977 Capitalisation Rate 5.75% Asset Type Super Regional Centre Valuation Type External Construction/Refurbishment Completed 1979 / Refurbished 1989, 2011 Income (6 months) $22.2m

Centre Details Sales Information Total GLA¹ 90,200 sqm Total Centre Specialties Number of Tenancies¹ 315 Sales Turnover per Square Metre $6,969 $11,150 Car Parking Spaces 3,450 Occupancy Costs 10.4% 14.7% Specialty Expiry Profile by Base Rent 2H 2016: 22% 2017: 27% Annual Centre Turnover $527.5m 2018: 10% Key Tenants Retail Occupancy 99.0% Area (sqm) Expiry Date Myer 11,500 October 2035 Big W 7,750 October 2030 Target 5,590 January 2027 Woolworths 4,800 August 2030 Reading Cinemas 4,580 October 2025 Coles 4,320 August 2030 Aldi 790 June 2026

Sustainability

Water Intensity Emissions Intensity Operational Waste (litres/m2) (kg C0 -e/m2) (% reused/recycled) 1,400 100 2 90% 1,200 80% 80

For personal use only use personal For 70% 1,000 60% 60 800 50% CSQ 600 40% 40 Recycling 30% 400 70% 68% rate of reduction reduction 20 20% since 2005 since 2005 200 10% 70% 0 0 0% 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015

1. Pre-Development Impact. Note: Sustainability data as at 31 December 2015. 7 For personal use only use personal For Highpoint Shopping Centre Victoria Highpoint Shopping Centre, Victoria GPT

Highpoint Shopping Centre is located in Maribyrnong, eight kilometres north-west of the Melbourne CBD and is one of Australia’s leading retail destinations. Highpoint is one of the largest shopping centres in Australia and incorporates close to 500 stores including western Melbourne’s first David Jones, as well as several international retailers including Zara, Topshop, Apple and Samsung. The centre provides a strong retail experience for customers and provides the western region of Melbourne with an extensive retail, entertainment and lifestyle offer.

Key Metrics as at 30 June 2016 General Current Valuation Ownership Interest 16.67% GPT Fair Value $363.2m Co-Owners GWSCF (58.33%) Capitalisation Rate 5.00% Highpoint Property Group (25%) Valuation Type Internal Acquired (by GPT) August 2009 Income (6 months) $9.4m Asset Type Super Regional Centre Construction/Refurbishment Main Centre: Completed 1975 Refurbished 1989, 1995, 2006, 2013 Homemaker Centre: Completed 1990 Centre Details Sales Information Total GLA 153,100 sqm Total Centre Specialties Number of Tenancies 483 Sales Turnover per Square Metre $6,917 $10,740 Car Parking Spaces 7,276 Occupancy Costs 13.5% 19.2% Specialty Expiry Profile by Base Rent 2H 2016: 15% Annual Centre Turnover $990.1m 2017: 18% 2018: 24% Key Tenants Retail Occupancy 98.7% Area (sqm) Expiry Date Myer 19,120 June 2021 David Jones 14,000 March 2033 Target 9,920 July 2020 Hoyts 9,030 April 2019 Big W 8,160 June 2025 Woolworths 4,240 October 2032

Sustainability

Water Intensity Emissions Intensity Operational Waste 2 2 1,200 (litres/m ) 120 (kg C02-e/m ) 35% (% reused/recycled)

1,000 30%

For personal use only use personal For 90 25% 800 20% 600 60 15% Recycling HIGH 16% 66% rate of 400 reduction reduction 10% since 2005 30 since 2005 200 5% 30% 0 0 0% 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015

Note: Sustainability data as at 31 December 2015. 9 For personal use only use personal For Melbourne Central Victoria Melbourne Central, Victoria GPT

Melbourne Central is a landmark office and retail property, located in the Melbourne CBD. Surrounding the historic Shot Tower, Melbourne Central features contemporary fashion retailers as well as a vibrant entertainment precinct. With over 300 retailers, the shopping centre covers two city blocks and is conveniently located directly above Melbourne Central train station. A GPT managed retail asset, the urban shopping centre attracts a wide variety of customers including CBD workers, tourists, students and residents from the inner ring suburbs of Melbourne.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GPT Fair Value1 $1,136.3m Acquired (by GPT) May 1999 Capitalisation Rate2 5.25% Asset Type City Centre Valuation Type Internal Construction/Refurbishment Completed 1991 / Refurbished 2005, 2011 Income (6 months) $33.2m

Centre Details Sales Information Total GLA 54,700 sqm Total Centre Specialties Number of Tenancies 301 Sales Turnover per Square Metre $9,554 $11,674 Car Parking Spaces 822 Occupancy Costs 15.5% 19.0% Specialty Expiry Profile by Base Rent 2H 2016: 15% 2017: 14% Annual Centre Turnover $468.7m 2018: 13% Retail Occupancy 99.4% Key Tenants Area (sqm) Expiry Date Hoyts 7,710 September 2020 Coles 1,310 September 2019

Sustainability

Water Intensity Emissions Intensity Operational Waste (litres/m2) (kg C0 -e/m2) (% reused/recycled) 2,100 250 2 30%

2,050 200 25% For personal use only use personal For 20% 2,000 150 15% MC 1,950 100 Recycling 58% 10% rate of reduction 1,900 50 since 2005 5% 18% 1,850 0 0% 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015

1. Includes retail and car park. 2. Retail component only. Note: Sustainability data as at 31 December 2015. 11 For personal use only use personal For Rouse Hill Town Centre New South Wales Rouse Hill Town Centre, New South Wales GPT

Rouse Hill Town Centre is located approximately 35km north-west of the Sydney CBD. Rouse Hill Town Centre combines the traditional values and streetscape of a contemporary market town with the latest shopping, dining and lifestyle choices, and has set a new standard for sustainable retail developments. The centre is located along Windsor Road in the Baulkham Hills Local Government Area and features two discount department stores, two supermarkets and a cinema/entertainment precinct.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GPT Fair Value $543.9m Acquired (by GPT) Stage 1: September 2007 Capitalisation Rate 5.75% Stage 2: March 2008 Valuation Type Internal Asset Type Regional Centre Income (6 months) $16.5m Construction/Refurbishment Completed 2008

Centre Details Sales Information Total GLA 69,700 sqm Total Centre Specialties Number of Tenancies 245 Sales Turnover per Square Metre $6,973 $8,264 Car Parking Spaces 2,767 Occupancy Costs 9.1% 14.6% Specialty Expiry Profile by Base Rent 2H 2016: 5% Annual Centre Turnover $422.7m 2017: 15% 2018: 29% Key Tenants Retail Occupancy 100.0% Area (sqm) Expiry Date Big W 8,560 March 2028 Target 6,820 March 2028 Reading Cinemas 5,780 April 2023 Woolworths 4,610 September 2027 Coles 4,120 September 2027

Sustainability

Water Intensity Emissions Intensity Operational Waste 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 1,200 70 90% 80% 1,000 60 For personal use only use personal For 70% 50 800 60% 40 50% 600 40% RHTC 30 Recycling 400 30% 20 rate of 20% 200 10 10% 60% 0 0 0% 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015

Note: This asset not operational in baseline year (2005). Sustainability data as at 31 December 2015. 13 For personal use only use personal For Sunshine Plaza Queensland Sunshine Plaza, Queensland GPT

Sunshine Plaza is located in Maroochydore on Queensland’s Sunshine Coast. The centre includes the region’s only Myer department store, two discount department stores and two full line supermarkets. In addition, the centre has a strong entertainment, leisure and lifestyle component. Sunshine Plaza is owned jointly with Australian Prime Property Fund Retail and is managed by Lend Lease. GPT and Lend Lease continue to progress development plans for Sunshine Plaza. The proposed scheme incorporates a 34,000 square metre retail expansion to include David Jones, Big W, International Mini Majors, over 100 specialty stores and additional 1,420 car parking spaces. The project forecasts a fourth quarter 2018 completion date.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 50% GPT Fair Value $396.0m Co-Owner Australian Prime Property Fund Retail (50%) Capitalisation Rate 5.75% Acquired (by GPT) December 1992 Valuation Type External Asset Type Major Regional Centre Income (6 months) $12.4m Construction/Refurbishment Completed 1994 / Refurbished 2002

Centre Details Sales Information Total GLA 73,400 sqm Total Centre Specialties Number of Tenancies 249 Sales Turnover per Square Metre $8,624 $11,768 Car Parking Spaces 3,546 Occupancy Costs 11.2% 18.5% Specialty Expiry Profile by Base Rent 2H 2016: 16% Annual Centre Turnover $532.0m 2017: 22% 2018: 21% Key Tenants Retail Occupancy 99.8% Area (sqm) Expiry Date Myer 12,890 July 2024 Target 6,920 July 2018 Kmart 6,590 September 2020 Coles 5,850 February 2033 BCC Cinemas 4,690 November 2022 Woolworths 3,880 November 2022 Sustainability

Water Intensity Emissions Intensity Operational Waste 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 1,400 92 60% 1,200 90

For personal use only use personal For 50% 88 1,000 86 40% 800 84 30% SUN 600 35% 82 25% Recycling rate of 400 reduction 80 reduction 20% since 2005 78 since 2005 10% 44% 200 76 0 74 0% 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015

Note: Sustainability data as at 31 December 2015. 15 For personal use only use personal For Westfield Penrith New South Wales Westfield Penrith, New South Wales GPT

Westfield Penrith is a super-regional shopping centre located in the heart of Penrith, which is approximately a one hour drive west of the Sydney CBD. The centre includes a Myer department store, two discount department stores, a cinema complex and two supermarkets. Westfield Penrith is owned jointly with, and managed by Scentre.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 50% GPT Fair Value $632.5m Co-Owner Scentre Group (50%) Capitalisation Rate 5.25% Acquired (by GPT) June 1971 Valuation Type External Asset Type Super Regional Centre Income (6 months) $16.3m Construction/Refurbishment Completed 1971 / Refurbished 2005

Centre Details Sales Information Total GLA 90,400 sqm Total Centre Specialties Number of Tenancies 313 Sales Turnover per Square Metre $7,749 $11,978 Car Parking Spaces 3,603 Occupancy Costs 12.0% 17.7% Specialty Expiry Profile by Base Rent 2H 2016: 22% Annual Centre Turnover $630.5m 2017: 21% 2018: 15% Key Tenants Retail Occupancy 100.0% Area (sqm) Expiry Date Myer 20,110 July 2033 Big W 8,740 March 2037 Target 7,100 July 2019 Hoyts 4,790 April 2018 Woolworths 3,800 March 2032 Aldi 1,620 November 2028

Sustainability

Water Intensity Emissions Intensity Operational Waste 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 1,600 140 50% 1,580 19% 120 1,560 only use personal For reduction 40% 1,540 since 2005 100 1,520 30% 1,500 80 1,480 60 Recycling WEST P 1,460 38% 20% rate of 1,440 40 reduction since 2005 10% 1,420 20 45% 1,400 1,380 0 0% 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015

Note: Sustainability data as at 31 December 2015. 17 For personal use only use personal For Casuarina Square Northern Territory Casuarina Square, Northern Territory GWSCF PORTFOLIO

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 50% GWSCF Fair Value1 $304.8m Co-Owner GPT (50%) Capitalisation Rate2 5.75% Acquired (by GWSCF) October 1973 Valuation Type External Asset Type Regional Centre Construction/Refurbishment Completed 1973 / Refurbished 1998

Centre Details Sales Information Total GLA 53,000 sqm Total Centre Specialties Number of Tenancies 181 Sales Turnover per Square Metre $8,499 $11,582 Car Parking Spaces 2,410 Occupancy Costs 10.2% 15.9% Specialty Expiry Profile by Base Rent 2H 2016: 17% Annual Centre Turnover $388.1m 2017: 18% 2018: 16% Key Tenants Retail Occupancy 99.4% Area (sqm) Expiry Date Kmart 7,450 September 2030 Big W 6,130 December 2030 Woolworths 5,020 June 2018 Water intensity Emissions intensity (litres/m2) BCC Cinemas 4,120 December 2018 (litres/m2) Coles 3,750 December 2020 Sustainability

Water Intensity Emissions Intensity Operational Waste 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 3,000 115 45% 40% Recycling

1. Includes retail and student accomodation. 2. Retail component only. Note: Sustainability data as at 31 December 2015. 19 For personal use only use personal For Chirnside Park Victoria Chirnside Park, Victoria GWSCF PORTFOLIO

Chirnside Park is a regional shopping centre that has been servicing the community of outer eastern Melbourne since 1979. The centre offers customers an extensive selection of stores, with a strong focus on convenience and value-driven fresh food. Situated approximately 30 kilometres north-east of the Melbourne CBD, Chirnside Park incorporates two discount department stores, three supermarkets, over 100 specialty stores and an eight-screen Reading Cinema. The centre provides an excellent convenience offer in the north-eastern region of Melbourne.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GWSCF Fair Value $261.5m Acquired (by GWSCF) March 2007 Capitalisation Rate 6.25% Asset Type Regional Centre Valuation Type Internal Construction/Refurbishment Completed 1979 / Refurbished 1999, 2002

Centre Details Sales Information Total GLA 37,900 sqm Total Centre Specialties Number of Tenancies 115 Sales Turnover per Square Metre $8,083 $11,490 Car Parking Spaces 2,045 Occupancy Costs 7.9% 15.8% Specialty Expiry Profile by Base Rent 2H 2016: 26% Annual Centre Turnover $272.7m 2017: 14% 2018: 19% Key Tenants Retail Occupancy 100.0% Area (sqm) Expiry Date Kmart 8,250 June 2028 Target 4,770 July 2018 Woolworths 4,180 September 2019 Reading Cinemas 3,500 June 2026 Coles 3,290 September 2024 Aldi 1,530 July 2028

Sustainability

Water Intensity Emissions Intensity Operational Waste 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 1,200 80 35% 34% Recycling 1,000 For personal use only use personal For rate of 60 33% 800 32% 33% 31% 600 40 CHIRN 30% 400 24% 60% 29% reduction reduction 20 28% 200 since 2005 since 2005 27% 0 0 26% 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015

Note: Sustainability data as at 31 December 2015. 21 For personal use only use personal For Highpoint Shopping Centre Victoria Highpoint Shopping Centre, Victoria GWSCF PORTFOLIO

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 58.33% GWSCF Fair Value¹ $1,271.1m Co-Owners GPT (16.67%) Capitalisation Rate 5.00% Highpoint Property Group (25%) Valuation Type Internal Acquired (by GWSCF) March 2007 Asset Type Super Regional Centre Construction/Refurbishment Main Centre: Completed 1975 Refurbished 1989, 1995, 2006, 2013 Homemaker Centre: Completed 1990 Sales Information Centre Details Total Centre Specialties Total GLA 153,100 sqm Sales Turnover per Square Metre $6,917 $10,740 Number of Tenancies 483 Occupancy Costs 13.5% 19.2% Car Parking Spaces 7,276 Specialty Expiry Profile by Base Rent 2H 2016: 15% Annual Centre Turnover $990.1m 2017: 18% Key Tenants 2018: 24% Area (sqm) Expiry Date Retail Occupancy 98.7% Myer 19,120 June 2021 David Jones 14,000 March 2033 Target 9,920 July 2020 Hoyts 9,030 April 2019 Big W 8,160 June 2025 Woolworths 4,240 October 2032 Sustainability

Water Intensity Emissions Intensity Operational Waste (litres/m2) (kg C0 -e/m2) (% reused/recycled) 1,200 120 2 35% 30%

1,000 only use personal For 100 25% 800 80 20% HIGH GWSCF 600 60 16% 66% 15% Recycling 400 40 rate of reduction reduction 10% since 2005 since 2005 200 20 5% 30% 0 0 0% 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015

1. Includes Homemaker City Maribyrnong. Note: Sustainability data as at 31 December 2015. 23 For personal use only use personal For Macarthur Square New South Wales Macarthur Square, New South Wales GWSCF PORTFOLIO

Macarthur Square is located in Campbelltown, 50 kilometres south-west of the Sydney CBD, in an area of strong population growth. As the only regional centre in its trade area, the centre provides customers with a unique retail, entertainment and community destination. The centre includes a department store, two discount department stores, two supermarkets, a variety of specialty stores and a cinema entertainment offer. In July 2015, the co-owners announced that work has begun on a $240 million re-development of the centre, adding approximately 16,000 square metres to the property and including a new full line Coles, Aldi and Harris Scarfe, and refurbished David Jones, Woolworths and Target stores. The development also adds approximately 45 specialty stores, a fresh food market hall, new dining offer and improved car parking. Macarthur Square is jointly owned with Australian Prime Property Fund Retail and is managed by Lend Lease.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 50% GWSCF Fair Value $457.9m Co-Owner Australian Prime Property Fund Retail (50%) Capitalisation Rate 5.75% Acquired (by GWSCF) March 2007 Valuation Type External Asset Type Major Regional Centre Construction/Refurbishment Completed 1979 / Refurbished 2006 Centre Details Sales Information Total GLA¹ 94,600 sqm Total Centre Specialties Number of Tenancies¹ 303 Sales Turnover per Square Metre $6,499 $10,289 Car Parking Spaces¹ 3,600 Occupancy Costs 10.8% 16.4% Specialty Expiry Profile by Base Rent 2H 2016: 7% Annual Centre Turnover $562.6m 2017: 10% 2 2018: 20% Key Tenants Retail Occupancy n/a Area (sqm) Expiry Date Big W 8,790 September 2019 David Jones 6,900 March 2032 Event Cinemas 6,090 March 2021 Target 5,310 April 2028 Woolworths 4,190 November 2035 Coles 4,650 November 2033 Aldi 1,500 June 2032 Sustainability

Water Intensity Emissions Intensity Operational Waste 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 1,240 90 60% 1,220 80 1,200 only use personal For 50% 70 1,180 1,160 60 40% 1,140 50 MAC 30% 1,120 24% 40 38% Recycling 1,100 30 20% rate of 1,080 reduction reduction since 2005 20 since 2005 1,060 10% 37% 1,040 10 1,020 0 0% 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015

1. Pre-development impact. 2. Post development completion. Note: Sustainability data as at 31 December 2015. 25 For personal use only use personal For Northland Shopping Centre Victoria Northland Shopping Centre, Victoria GWSCF PORTFOLIO

Northland Shopping Centre is located in East Preston, approximately 11 kilometres north of Melbourne’s CBD. The centre includes a department store, two discount department stores, three supermarkets and a cinema entertainment offer. The trade area in which the centre is located is supported by strong demographic trends including above average household income levels and continued infill and high density development which will drive future population growth. Northland Shopping Centre is jointly owned with, and managed by Vicinity Centres.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 50% GWSCF Fair Value $478.5m Co-Owner Vicinity Centres (50%) Capitalisation Rate 5.75% Acquired (by GWSCF) May 2014 Valuation Type External Asset Type Super Regional Centre Construction/Refurbishment Completed 1966 / Last refurbished 2009

Centre Details Sales Information Total GLA 97,200 sqm Total Centre Specialties Number of Tenancies 322 Sales Turnover per Square Metre $5,970 $8,441 Car Parking Spaces 4,640 Occupancy Costs 13.5% 20.1% Specialty Expiry Profile by Base Rent 2H 2016: 24% Annual Centre Turnover $520.5m 2017: 12% 2018: 11% Key Tenants Retail Occupancy 99.8% Area (sqm) Expiry Date Myer 18,510 June 2028 Target 6,890 November 2024 Kmart 6,500 March 2024 Hoyts 6,180 December 2017 Coles 4,220 December 2023 Woolworths 4,030 July 2019 Aldi 1,500 November 2024

For personal use only use personal For

27 For personal use only use personal For Norton Plaza New South Wales Norton Plaza, New South Wales GWSCF PORTFOLIO

Norton Plaza is located in Leichhardt, six kilometres west of the Sydney CBD and is a high performing neighbourhood shopping centre anchored by a full line Coles supermarket.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GWSCF Fair Value $132.9m Acquired (by GWSCF) March 2007 Capitalisation Rate 6.00% Asset Type Neighbourhood Centre Valuation Type Internal Construction/Refurbishment Completed late 1990s and 2000

Centre Details Sales Information Total GLA 11,800 sqm Total Centre Specialties Number of Tenancies 51 Sales Turnover per Square Metre $14,470 $11,975 Car Parking Spaces 485 Occupancy Costs 6.4% 13.6% Specialty Expiry Profile by Base Rent 2H 2016: 10% Annual Centre Turnover $126.0m 2017: 15% 2018: 13% Key Tenants Retail Occupancy 100.0% Area (sqm) Expiry Date Coles 3,770 November 2019

Sustainability

Water Intensity Emissions Intensity Operational Waste 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 1,420 140 60% 1,400 30% 120 50% Recycling For personal use only use personal For rate of 1,380 reduction 100 since 2007 40% 50% 1,360 80 NORTON 30% 1,340 60 70% 20% 1,320 40 reduction 1,300 20 since 2007 10% 1,280 0 0% 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015

Note: This asset not operational in baseline year (2005). Sustainability data as at 31 December 2015. 29 For personal use only use personal For Parkmore Shopping Centre Victoria Parkmore Shopping Centre, Victoria GWSCF PORTFOLIO

Parkmore Shopping Centre is a regional shopping centre offering an extensive selection of stores and services in a modern and convenient environment. The centre is located approximately 35 kilometres from the Melbourne CBD, in the suburb of Keysborough and has been servicing the eastern suburbs of Melbourne since 1973. Parkmore Shopping Centre incorporates two discount department stores and two supermarkets as well as a strong convenience and service offering, with approximately 130 stores.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GWSCF Fair Value $252.0m Acquired (by GWSCF) March 2007 Capitalisation Rate 6.25% Asset Type Regional Centre Valuation Type External Construction/Refurbishment Completed 1973 / Refurbished 1995, 2007

Centre Details Sales Information Total GLA 36,800 sqm Total Centre Specialties Number of Tenancies 131 Sales Turnover per Square Metre $7,446 $8,874 Car Parking Spaces 2,630 Occupancy Costs 7.8% 15.2% Specialty Expiry Profile by Base Rent 2H 2016: 21% Annual Centre Turnover $255.6m 2017: 22% 2018: 11% Key Tenants Retail Occupancy 99.2% Area (sqm) Expiry Date Kmart 8,390 September 2017 Big W 6,670 November 2020 Coles 3,850 August 2024 Woolworths 3,490 July 2027

Sustainability

Water Intensity Emissions Intensity Operational Waste (litres/m2) (kg C0 -e/m2) (% reused/recycled) 1,000 120 2 50% 900 45% 100

800 only use personal For 40% 700 80 35% 600 30% PARK 500 60 25% 400 20% Recycling 15% 49% rate of 300 reduction 40 reduction 15% since 2005 since 2005 200 20 10% 42% 100 5% 0 0 0% 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015

Note: Sustainability data as at 31 December 2015. 31 For personal use only use personal For Westfield Woden Australian Capital Territory Westfield Woden, Australian Capital Territory GWSCF PORTFOLIO

Westfield Woden is one of the largest shopping, leisure and lifestyle destinations in Canberra, and is approximately a 10 minute drive south of the CBD. The centre includes a strong retail offer, with a department store, discount department store and two supermarkets, as well as a cinema complex and over 230 specialty retailers. Westfield Woden is owned jointly with, and managed by Scentre.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 50% GWSCF Fair Value $299.5m Co-Owner Scentre Group (50%) Capitalisation Rate 6.00% Acquired (by GWSCF) June 2012 Valuation Type External Asset Type Major Regional Centre Construction/Refurbishment Completed 1972 / Refurbished 2000

Centre Details Sales Information Total GLA 74,400 sqm Total Centre Specialties Number of Tenancies 234 Sales Turnover per Square Metre $5,835 $9,026 Car Parking Spaces 2,335 Occupancy Costs 12.0% 18.7% Specialty Expiry Profile by Base Rent 2H 2016: 17% Annual Centre Turnover $362.6m 2017: 19% 2018: 15% Key Tenants Retail Occupancy 99.0% Area (sqm) Expiry Date David Jones 13,630 March 2030 Big W 8,490 August 2019 Woolworths 4,080 March 2019 Hoyts 3,780 June 2020 Coles 3,400 March 2024

Sustainability

Water Intensity Emissions Intensity Operational Waste 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 1,500 100 45% 1,450 90 40% 23% 80 For personal use only use personal For 35% 1,400 reduction 70 30% 1,350 since 2005 60 25% 1,300 50 20% 40 Recycling WEST W 1,250 40% rate of 30 reduction 15% 1,200 20 since 2005 10% 42% 1,150 10 5% 1,100 0 0% 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015

Note: Sustainability data as at 31 December 2015. 33 For personal use only use personal For Wollongong Central New South Wales Wollongong Central, New South Wales GWSCF PORTFOLIO

Wollongong Central is located in the CBD of Wollongong, approximately 90 kilometres south of Sydney. The centre includes approximately 230 tenancies stores, a Coles supermarket, a Target and over 650 car spaces. David Jones have recently announced it will introduce a new generation department store to Wollongong Central and global fashion retailer H&M will open its first Illawarra store at the centre later this year.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GWSCF Fair Value1 $391.3m Acquired (by GWSCF) March 2007 Capitalisation Rate 5.75% Asset Type City Centre Valuation Type External Construction/Refurbishment Completed 1975 / Refurbished 1985, 2009, 2014

Centre Details Sales Information2 Total GLA 56,600 sqm Total Centre Specialties Number of Tenancies 230 Sales Turnover per Square Metre $6,082 $8,158 Car Parking Spaces 2,000 Occupancy Costs 12.1% 17.2% Specialty Expiry Profile by Base Rent 2H 2016: 16% Annual Centre Turnover $268.3m 2017: 9% 2018: 6% Key Tenants Retail Occupancy 97.2% Area (sqm) Expiry Date David Jones3 8,180 April 2036 Coles 4,080 October 2034 Target 2,640 October 2024

Sustainability

Water Intensity Emissions Intensity Operational Waste 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 1,000 100 60%

800 80 50% 40% GONG 600 only use personal For 60 30% 400 40 Recycling 55% 38% 20% rate of reduction reduction 200 since 2005 20 since 2005 10% 32% 0 0 0% 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015 2011 2012 2013 2014 2015

1. Includes ancillary properties. 2. Development impacted. 3. Post development completion. Note: Sustainability data as at 31 December 2015. 35 For personal use only 2016 INTERIM RESULT

Office Portfolio For personal use only use personal For For personal use only use personal For Australia Square 264 George Street, Sydney Australia Square, 264 George Street, Sydney GPT

One of the most iconic prime office properties, Australia Square is situated in the core of Sydney’s CBD, spanning George, Bond and Pitt Streets, and Curtin Place. The complex comprises the 48 level circular tower building, the adjacent 13 level plaza building, the O Bar revolving restaurant, a substantial car park, and external plaza courtyard. The Tower at Australia Square has achieved a 4.5 star NABERS Energy rating and a 3.5 star NABERS Water rating, with the Plaza achieving a 5.5 star NABERS Energy rating and a 3.5 star NABERS Water rating.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 50% GPT Fair Value $399.5m Co-Owner Dexus Property Group (50%) Capitalisation Rate 5.57% Acquired (by GPT) September 1981 Valuation Type External Asset Quality A-Grade Income (6 months) $11.1m Construction/Refurbishment Completed 1967 / Refurbished 2004

Property Details Office Occupancy Office 51,400 sqm Actual 97.5% Retail 1,600 sqm Including Signed Leases 99.3% Car Parking Spaces 385 Including Heads of Agreement 99.6% Typical Floor Plate 1,030 sqm Office Tenant Details Key Tenants Number of Office Tenants 80 Area (sqm) Expiry Date WALE (by income) 4.1 years HWL Ebsworth 6,200 September 2026 Origin Energy 5,150 August 2019 WaterWater intensity intensity (litres/m2)(litres/m2)

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income (litres/m2) (kg C0 -e/m2) (% reused/recycled) 2 2H 2H2016 2016 1,2001,200 120120 64%64% 2017201711%11% 63%63% 1,0001,000 100100 2018201822%22% 62%62% 2019201919%19% 800800 8080 61%61% 2020202019%19% AusAus Square Square 60%60% 600600 6060 2021202111%11% For personal use only use personal For 59%59% 1%1% RecyclingRecycling 20222022 400400 25%25% 4040 30%30% 58%58% raterate of of 20232023 2%2% reductionreduction reductionreduction 57%57% 20242024 3%3% 200200 sincesince 2005 2005 2020 sincesince 2005 2005 56%56% 63%63% 20252025 0 0 0 0 55%55% 2026+2026+11%11% 20112011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015

Note: Sustainability data as at 31 December 2015. 38 For personal use only use personal For Citigroup Centre 2 Park Street, Sydney Citigroup Centre, 2 Park Street, Sydney GPT

The Citigroup Centre at 2 Park Street is a landmark Premium Grade office building located on the corner of George and Park Streets, Sydney. Completed in 2000, the 47 level building has large, highly efficient floor plates and upper levels that command panoramic city and harbour views. The asset is connected to a four level retail podium which has access to Town Hall Station, offering easy access to public transport to all areas of the Sydney CBD. Citigroup Centre has achieved a 5.0 star NABERS Energy rating and a 3.5 star NABERS Water rating.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 50% GPT Fair Value $542.0m Co-Owner Charter Hall Office Trust (50%) Capitalisation Rate 5.50% Acquired (by GPT) December 2001 Valuation Type External Asset Quality Premium Grade Income (6 months) $16.1m Construction/Refurbishment Completed 2000 Property Details Office Occupancy Office 73,200 sqm Actual 84.2% Retail 500 sqm Including Signed Leases 99.5% Car Parking Spaces 282 Including Heads of Agreement 99.5% Typical Floor Plate 1,770 sqm Office Tenant Details Key Tenants Number of Office Tenants 47 Area (sqm) Expiry Date WALE (by income) 6.0 years Citibank 15,030 July 2024 Amazon 11,070 December 2016/2023

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 4% 4% 700700 100100 84%84% 2H 20162H 2016 201720179% 9% 680680 90 90 82%82% 201820181% 1% 660660 80 80 80%80% 201920198% 8% 640640 70 70 CitigroupCitigroup 60 60 2020202010%10% 620620 78%78% 50 50 2021202111%11% 600600only use personal For RecyclingRecycling 58%58% 40 40 41%41% 76%76% 202220228% 8% 580580 raterate of of 13%13% reductionreduction 30 30 reductionreduction 74%74% 20232023 560560 sincesince 2005 2005 20 20 sincesince 2005 2005 2024202426%26% 72%72% 75%75% 540540 10 10 2025202527%27% 520520 0 0 70%70% 2026+2026+10%10% 20112011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015

Note: Sustainability data as at 31 December 2015. 40 For personal use only use personal For MLC Centre 19 Martin Place, Sydney MLC Centre, 19 Martin Place, Sydney GPT

The MLC Centre dominates the Sydney skyline, and is located in the core of the Sydney CBD, bordered by Martin Place, Castlereagh and King Streets. The MLC Centre is in the heart of Sydney’s commercial, legal and financial district and comprises a 67 level tower, an extensive retail complex, expansive outdoor areas, car parking and the Theatre Royal. The retail precinct includes a dominant food court and a number of international fashion brands. The MLC Centre has achieved a 5.5 star NABERS Energy rating and a 2.5 star NABERS Water rating.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 50% GPT Fair Value $518.5m Co-Owner QIC (50%) Capitalisation Rate 5.64% Acquired (by GPT) April 1987 Valuation Type External Asset Quality A-Grade Income (6 months) $12.7m Construction/Refurbishment Completed 1978 / Refurbished late 1990s and 2015

Property Details Office Occupancy Office 67,400 sqm Actual 90.6% Retail 5,400 sqm Including Signed Leases 97.8% Car Parking Spaces 311 Including Heads of Agreement 97.8% Typical Floor Plate 1,200 sqm Office Tenant Details Key Tenants Number of Office Tenants 59 Area (sqm) Expiry Date WALE (by income) 5.8 years Sparke Helmore 5,200 February 2026 Government – NSW 5,000 January 2017 / March 2020

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 2H2H 2016 2016 1,0001,000 140140 80%80% 201720178%8% 120120 70%70% 2018 7% 800800 2018 7% 60% MLCMLC 100100 60% 2019201910%10% 50%50% 2020202016%16% 600600 8080 2021202112%12% For personal use only use personal For 40%40% Recycling 6060 Recycling 202220226%6% 400400 63%63% 65%65% 30% rate of 30% rate of 2023 10% reductionreduction 40 reductionreduction 2023 10% 40 20%20% 200200 sincesince 2005 2005 sincesince 2005 2005 30%30% 2024202413%13% 2020 10%10% 202520253%3% 0 0 0 0 0%0% 2026+2026+14%14% 20112011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015

Note: Sustainability data as at 31 December 2015. 42 For personal use only use personal For Governor Phillip & Governor Macquarie Towers

1 Farrer Place, Sydney Governor Phillip & Governor Macquarie Towers, 1 Farrer Place, Sydney GPT

1 Farrer Place is regarded as Sydney’s pre-eminent office building with expansive harbour views. The complex consists of 84,800 sqm of Premium Grade accommodation comprising Governor Phillip tower, a 64 level office building; Governor Macquarie Tower, a 41 level office building; Phillip Street Terraces, being five restored historic terraces; and nine levels of basement car parking for over 654 cars. Governor Macquarie Tower has achieved a 4.5 star NABERS Energy rating and a 3.0 star NABERS Water rating. Governor Phillip Tower has achieved a 3.5 star NABERS Energy rating and a 3.0 star NABERS Water rating.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 25% GPT Fair Value $426.3m Co-Owners Dexus Property Group (50%) Capitalisation Rate 5.16% APPF Commercial (25%) Valuation Type External Acquired (by GPT) December 2003 Income (6 months) $9.9m Asset Quality Premium Grade Construction/Refurbishment Completed 1993/1994

Property Details Office Occupancy Office 84,500 sqm Actual 64.7% Retail 300 sqm Including Signed Leases 77.8% Car Parking Spaces 654 Including Heads of Agreement 91.7% Typical Floor Plate GPT: 1,450 sqm GMT: 1,240 sqm Office Tenant Details Key Tenants Number of Office Tenants 65 Area (sqm) Expiry Date WALE (by income) 6.8 years King & Wood Mallesons 10,430 September 2026 Minter Ellison 9,500 October 2028

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income (litres/m2) (kg C0 -e/m2) (% reused/recycled) 2 2H 20162H 20163%3% 900900 120120 80%80% 201720176%6% 70%70% 850850 100100 201820189%9% 60%60% 20192019 4%4% FarrerFarrer Pl Pl 80 80 800800 50%50% 202020203%3% 202120218%8%

For personal use only use personal For 60 60 40%40% 2022202220%20% 750750 30%30% RecyclingRecycling 31%31% 40 40 56%56% 202320237%7% reductionreduction reductionreduction raterate of of 20%20% 20242024 700700 sincesince 2005 2005 20 20 sincesince 2005 2005 10%10% 58%58% 202520258%8% 650650 0 0 0%0% 2026+2026+31%31% 20112011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015

Note: Sustainability data as at 31 December 2015. 44 For personal use only use personal For Melbourne Central Tower 360 Elizabeth Street, Melbourne Melbourne Central Tower, 360 Elizabeth Street, Melbourne GPT

Melbourne Central is a landmark office and retail property located in the Melbourne CBD. Melbourne Central Tower is a 51 level, Premium Grade office tower located adjacent to Melbourne Central’s retail component. Completed in 1991, the Tower is dominant in the Melbourne skyline. The asset is occupied by blue chip, banking and Government tenants. The building has a 5.0 star NABERS Energy rating and a 3.0 star NABERS Water rating.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GPT Fair Value $508.0m Acquired (by GPT) May 1999 Capitalisation Rate 5.75% Asset Quality Premium Grade Valuation Type External Construction/Refurbishment Completed 1991 Income (6 months) $15.9m

Property Details Office Occupancy Office 65,600 sqm Actual 99.3% Retail n/a Including Signed Leases 99.3% Car Parking Spaces n/a Including Heads of Agreement 100.0% Typical Floor Plate 1,480 sqm

Office Tenant Details Key Tenants Number of Office Tenants 21 Area (sqm) Expiry Date WALE (by income) 3.4 years Members Equity Bank 12,200 January 2021 NBN Co 11,340 January/February/March 2020

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income (litres/m2) (kg C0 -e/m2) (% reused/recycled) 2 2H 20162H 201614%14% 800800 80 80 70%70% 2017201711%11% 700700 70 70 60%60% 2018201812%12% 600600 60 60 50%50% 201920195% 5% MCMC Tower Tower 500500 50 50 2020202020%20% 40%40% 2021202129%29%

400400only use personal For 40 40 30%30% 20222022 300300 30 30 RecyclingRecycling 25%25% 64%64% raterate of of 202320236% 6% reductionreduction reductionreduction 20%20% 200200 20 20 20242024 3% 3% sincesince 2005 2005 sincesince 2005 2005 100100 10 10 10%10% 18%18% 20252025 0 0 0 0 0%0% 2026+2026+ 20112011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015

Note: Sustainability data as at 31 December 2015. 46 For personal use only use personal For CBW Corner of Bourke & William Streets, Melbourne CBW, Corner of Bourke & William Streets, Melbourne GPT

CBW is an A-Grade office complex located in the core of Melbourne’s CBD and comprises a mixed use development incorporating 181 William Street, 550 Bourke Street and Goldsbrough Lane. 181 William Street comprises a 26 level office tower which occupies a prominent position on the north west corner of William Street and Bourke Street. 550 Bourke Street comprises a 19 level office tower located west of 181 William Street and borders Ramsay Lane. Goldsbrough Lane is the retail precinct of the complex and comprises an undercover retail plaza and laneway which provides pedestrian access between the two office towers. CBW has achieved a 5.0 star Green Star rating, a 5.0 star NABERS Energy rating and a 4.5 star NABERS Water rating.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 50% GPT Fair Value $321.0m Co-Owner GWOF (50%) Capitalisation Rate 5.63% Acquired (by GPT) October 2014 Valuation Type External Asset Quality A-Grade Income (6 months) $9.5m Construction/Refurbishment Completed 2009

Property Details Office Occupancy Office 76,100 sqm Actual 100.0% Retail 5,300 sqm Including Signed Leases 100.0% Car Parking Spaces 413 Including Heads of Agreement 100.0% 181 William: 1,920 sqm Typical Floor Plate 550 Bourke: 1,510 sqm

Office Tenant Details Key Tenants Number of Office Tenants 16 Area (sqm) Expiry Date WALE (by income) 4.0 years IAG 28,520 June 2020 Deloitte 18,120 May 2020

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income (litres/m2) (kg C0 -e/m2) (% reused/recycled) 2 2H 20162H 20163% 3% 600600 40 40 25%25% 201720173% 3% 35 35 20182018 500500 20%20% 30 30 20192019 9% 9% 400400

CBWCBW only use personal For 2020202062%62% 25 25 15%15% 300300 20 20 2021202118%18% 202220225% 5% 15 15 10%10% RecyclingRecycling 200200 raterate of of 20232023 10 10 20242024 100100 5%5% 5 5 23%23% 20252025 0 0 0 0 0%0% 2026+2026+ 20112011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015

Note: Sustainability data as at 31 December 2015. 48 For personal use only use personal For One One One Eagle Street Brisbane One One One Eagle Street, Brisbane GPT

One One One Eagle Street is a Premium Grade, 63,800 sqm, 54 level office tower in Brisbane’s prime commercial ‘Golden Triangle’ precinct. The recently developed tower is designed to take advantage of the outstanding location and Brisbane River views. The building has achieved the highest rating available, a 6 star Green Star As Built rating from the Green Building Council of Australia. One One One Eagle Street has also achieved a 5.5 star NABERS Energy rating and 4.5 star NABERS Water Rating. Featuring the latest Tri-generation technology, the building can generate its own power, reducing peak demand on energy supply and lowering greenhouse gas emissions.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 33% GPT Fair Value $277.0m Co-Owners GWOF (33%) Capitalisation Rate 5.50% Third Party Investor (33%) Valuation Type External Acquired (by GPT) October 2008 Income (6 months) $8.0m Asset Quality Premium Grade Construction/Refurbishment Completed 2012

Property Details Office Occupancy Office 63,800 sqm Actual 97.6% Retail 400 sqm Including Signed Leases 97.6% Car Parking Spaces 115 Including Heads of Agreement 97.6% Typical Floor Plate 1,450 sqm

Office Tenant Details Key Tenants Number of Office Tenants 21 Area (sqm) Expiry Date WALE (by income) 7.1 years Arrow Energy 14,800 February 2018/2019/2021 EY 9,000 June 2024

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income (litres/m2) (kg C0 -e/m2) (% reused/recycled) 600700 4560 2 70%50% 2H 2016 600700 4560 70%50% 2H 2016 600 40 2017 1% 600500 40 50 60%40% 2017 1% 500 5035 60%40% 2018 5% 500 35 50% 2018 5% 500400 3040 50% 2019 10% 400 3040 30% 2019 10% 400only use personal For 30%40% 2020 3% 400 2530 40% 2020 3% 111 Eagle St 300 2530 Recycling 2021 19% 111 Eagle St 300300 20 30%20% Recycling 2021 19% 300 81% 20 76% 30% Recyclingrate of 2022 5% 200 81%reduction 1520 76%reduction 20% Recyclingrate of 2022 5% 200200 reduction 1520 reduction 20% rate of 2023 6% 200 since 2005 since 2005 20% rate of 2023 6% since 2005 10 since 2005 10% 45% 2024 26% 100100 10 10 10%10% 45%44% 2024 26% 100100 10 5 10% 44% 2025 10% 5 2025 10% 00 00 0%0 2026+ 20% 00 2011 2012 2013 2014 201500 2011 2012 2013 2014 20150%0 2011 2012 2013 2014 2015 2026+ 20% 20112009 2012 2010 2013 2011 2014 2012 2015 2013 2011 2009 2012 2010 2013 2011 2014 2012 2015 2013 2011 2009 2012 2010 2013 2011 2014 2012 2015 2013 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013 2009 2010 2011 2012 2013

Note: Sustainability data as at 31 December 2015. 50 For personal use only use personal For Liberty Place 161 Castlereagh Street, Sydney Liberty Place, 161 Castlereagh Street, Sydney GWOF

Liberty Place is a Premium Grade office complex in the heart of the Sydney CBD comprising ANZ Tower, Legion House, 167 Castlereagh Street, an outdoor retail plaza and a car park. The 42 level ANZ Tower features unrivalled harbour and city views and incorporates a dual street frontage, connecting Castlereagh and Pitt Streets. The asset has achieved a 6 star Green Star rating for Office Design, a 5.0 star NABERS Energy rating and a 3.5 star NABERS Water rating. Liberty Place has been awarded the Heritage Award at the 2013 API NSW Excellence in Property Awards and in 2014 was awarded ‘Best Building’ in the Office category at the World Architecture Festival in Singapore.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 50% GWOF Fair Value $575.0m Co-Owners Blackstone (25%) Capitalisation Rate 5.00% ISPT (25%) Valuation Type External Acquired (by GWOF) April 2010 Asset Quality Premium Grade Construction/Refurbishment Completed 2013

Property Details Office Occupancy Office 56,400 sqm Actual 100.0% Retail 2,900 sqm Including Signed Leases 100.0% Car Parking Spaces 144 Including Heads of Agreement 100.0% Typical Floor Plate 1,625 sqm

Office Tenant Details Key Tenants Number of Office Tenants 10 Area (sqm) Expiry Date WALE (by income) 9.2 years ANZ 28,410 June 2028 Herbert Smith Freehills 19,970 June 2023

Sustainability Lease Expiry Profile Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 900 80 70% 900 80 70% 2H 20162H 2016 800 70 2017 800 70 60%60% 2017 700 2018 700 60 60 50% 2018 600 50% 2019 600 50 2019 LibertyLiberty Place Place 161 161 Castlereagh Castlereagh only use personal For 50 40% 2020 500500 40% 2020 40 2021 3% 400 40 30% RecyclingRecycling 2021 3% 400 30 30% 2022 300 30 raterate of of 2022 300 20% 50% 20 20% 2023202350% 200200 20 58% 10% 58% 20242024 100 10 10 10% 100 20252025 0 0 0% 46% 0 0 0% 2026+2026+46% 20112011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015

Note: Sustainability data as at 31 December 2015. This asset not operational in baseline year (2005). 52 For personal use only use personal For Darling Park 1 & 2 and Cockle Bay Wharf 201 Sussex Street, Sydney Darling Park 1 & 2 and Cockle Bay Wharf, 201 Sussex Street, Sydney GWOF

Darling Park is a landmark commercial and retail complex located in Sydney’s popular Darling Harbour precinct. The site comprises three Premium Grade office buildings and a retail and entertainment complex, known as Cockle Bay Wharf. The towers and Cockle Bay Wharf are connected by plazas, galleries and business lounges. Darling Park provides its tenants with a complete environment, including the crescent gardens, waterfront restaurants and cafes, and large, efficient, column-free floor plates with expansive water views. Darling Park Tower 1 has achieved a 5.5 star NABERS Energy rating and 3.5 star NABERS Water rating, with Darling Park Tower 2 achieving a 5.5 star NABERS Energy rating and 3.5 star NABERS Water rating. Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 50% GWOF Fair Value $785.0m Co-Owners AWOF (20%) Capitalisation Rate 5.43% Brookfield (30%) Valuation Type External Acquired (by GWOF) July 2006 Asset Quality Premium Grade Construction/Refurbishment Tower 1: Completed 1994 Tower 2: Completed 1999

Property Details Office Occupancy Office 101,900 sqm Actual 100.0% Retail 9,800 sqm Including Signed Leases 100.0% Car Parking Spaces 691 Including Heads of Agreement 100.0% Typical Floor Plate 1,900 sqm

Office Tenant Details Key Tenants Number of Office Tenants 8 Area (sqm) Expiry Date WALE (by income) 7.0 years1 CBA 54,060 December 2020/2021/2022 PwC 36,420 July 2016 / December 2018

Sustainability Lease Expiry Profile Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 2H 2016 22%22% 10001000 6060 70%70% 2H 2016 20172017 50 60%60% 2018 800800 50 2018 DPDP 1&2 1&2 50% 2019201915%15% 40 50% 40 2020202034%34% 7%7% 600600only use personal For 40%40% 33% 3030 20212021 33% 30% 2022 34%34% 400400 30% Recycling 2022 20 Recycling 22%22% 20 72%72% rate of 20232023 reduction reduction 20%20% rate of 200 reduction reduction 20242024 200 since 2005 1010 since 2005 since 2005 since 2005 10%10% 56%56% 20252025 0 0 0 0 0%0% 2026+2026+56%56% 20112011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 DP1DP1 DP2 DP2

1. The future IAG lease has been included in the lease expiry profile. Note: Sustainability data as at 31 December 2015. 54 For personal use only use personal For Darling Park 3 201 Sussex Street, Sydney Darling Park 3, 201 Sussex Street, Sydney GWOF

The Premium Grade Darling Park 3, the third stage of the Darling Park complex, was completed in November 2005. The 18 level building was the first office tower to be rated a 5.0 star Base Building under the NABERS Energy ratings, the highest rating available at the time. Since 2011, Tower 3 has achieved a 5.5 star NABERS Energy rating and a 3.5 star NABERS Water rating.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GWOF Fair Value $405.0m Acquired (by GWOF) July 2006 Capitalisation Rate 5.50% Asset Quality Premium Grade Valuation Type External Construction/Refurbishment Completed 2005

Property Details Office Occupancy Office 29,800 sqm Actual 100.0% Retail 20 sqm Including Signed Leases 100.0% Car Parking Spaces 160 Including Heads of Agreement 100.0% Typical Floor Plate 1,500 sqm

Office Tenant Details Key Tenants Number of Office Tenants 3 Area (sqm) Expiry Date WALE (by income) 5.4 years Marsh Mercer 17,780 November 2016 RaboBank 9,060 June 2026

Sustainability Lease Expiry Profile Water Intensity Emissions Intensity Operational Waste By Income (litres/m2) (kg C0 -e/m2) (% reused/recycled) 2 2H 20162H 2016 860860 70 70 90%90% 36%36% 20172017 840840 80%80% 60 60 20182018 820820 70%70% 50 50 20192019 DPDP 3 3 800800 60%60% 780780 20202020 40 40 50%50% 760760 2021202115%15%

For personal use only use personal For 40%40% RecyclingRecycling 740740 30 30 20222022 30%30% raterate of of 20232023 720720 20 20 700700 20%20% 57%57% 2024202418%18% 10 10 680680 10%10% 20252025 660660 0 0 0% 0% 2026+2026+31%31% 20112011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015

Note: Sustainability data as at 31 December 2015. This asset not operational in baseline year (2005). 56 For personal use only use personal For HSBC Centre 580 George Street, Sydney HSBC Centre, 580 George Street, Sydney GWOF

HSBC Centre comprises an A-Grade office and retail asset prominently located in the midtown precinct of the Sydney CBD. The building comprises 33 office levels and a retail precinct which is linked by a pedestrian underpass to Town Hall Railway Station. A $25 million refurbishment has recently been completed, providing a dramatic new office entry area and prime George Street retail space. HSBC Centre has achieved a 5.5 star NABERS Energy rating and a 3.5 star NABERS Water rating.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GWOF Fair Value $443.0m Acquired (by GWOF) July 2006 Capitalisation Rate 6.00% Asset Quality A-Grade Valuation Type External Construction/Refurbishment Completed 1988 / Refurbished 2002/2015

Property Details Office Occupancy Office 37,300 sqm Actual 86.3% Retail 4,200 sqm Including Signed Leases 96.5% Car Parking Spaces 141 Including Heads of Agreement 100.0% Typical Floor Plate 1,300 sqm

Office Tenant Details Key Tenants Number of Office Tenants 22 Area (sqm) Expiry Date WALE (by income) 3.3 years HSBC Bank Australia 10,680 March 2017 / December 2020 Avant Insurance 3,810 March 2017

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 2H 20162H 2016 900900 120120 80%80% 2017201733%33% 800800 70%70% 100100 20182018 5% 5% 700700 60%60% 2019201911%11% HSBCHSBC 600600 80 80 50%50% 2020202036%36%

500500only use personal For 60 60 40%40% 2021202112%12% 400400 20222022 30%30% RecyclingRecycling 300300 40 40 202320231% 1% 67%67% 61%61% raterate of of 200200 reductionreduction reductionreduction 20%20% 20242024 sincesince 2005 2005 20 20 sincesince 2005 2005 100100 10%10% 50%50% 20252025 0 0 0 0 0%0% 2026+2026+2% 2% 20112011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015

Note: Sustainability data as at 31 December 2015. 58 6 For personal use only use personal For workplace 48 Pirrama Road, Sydney 6 workplace , 48 Pirrama Road, Sydney GWOF

workplace6 is a waterfront A-Grade office building achieving world leading standards in environmental design and resource efficiency. workplace6 comprises 18,200 sqm of accommodation over six levels. The building, which was developed by GPT, was the first office development to achieve 6 star Green Star ratings for Design and As Built in NSW. The asset features spectacular harbour views, large campus-style floor plates, two levels of basement parking with 135 car spaces and the award-winning Doltone House function centre occupying the waterfront retail. workplace6 has achieved a 5.5 star NABERS Energy rating and a 4.0 star NABERS Water rating.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GWOF Fair Value $220.0m Acquired (by GWOF) December 2007 Capitalisation Rate 6.00% Asset Quality A-Grade Valuation Type External Construction/Refurbishment Completed 2008

Property Details Office Occupancy Office 16,300 sqm Actual 100.0% Retail 1,900 sqm Including Signed Leases 100.0% Car Parking Spaces 135 Including Heads of Agreement 100.0% Typical Floor Plate 3,600 sqm

Office Tenant Details Key Tenants Number of Office Tenants 2 Area (sqm) Expiry Date WALE (by income) 3.4 years Google Australia 9,850 December 2018 Accenture 6,460 February 2021

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 2H 20162H 2016 900900 70 70 58%58% 20172017 800800 60 60 56%56% 2018201859%59% 700700 workplace6workplace6 only use personal For 50 50 54%54% 20192019 600600 20202020 40 40 52%52% 500500 2021202141%41% 400400 30 30 50%50% RecyclingRecycling 20222022 300300 raterate of of 20232023 20 20 48%48% 200200 51%51% 20242024 100100 10 10 46%46% 20252025 0 0 0 0 44%44% 2026+2026+ 20112011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015

Note: Sustainability data as at 31 December 2015. This asset not operational in the baseline year (2005). 60 For personal use only use personal For 2 Southbank Boulevard Melbourne 2 Southbank Boulevard, Melbourne GWOF

2 Southbank Boulevard is located on the Southbank of the Yarra River in Melbourne. The A-Grade office tower benefits from a piazza which includes a retail area incorporating a café and a supermarket. The asset comprises a 38 storey tower and eight podium levels comprising approximately 53,500 sqm of office accommodation. 2 Southbank Boulevard has a 5.5 star NABERS Energy rating and a 4.0 star NABERS Water rating.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 50% GWOF Fair Value $227.5m Co-Owner Frasers Property Australia (50%) Capitalisation Rate 5.88% Acquired (by GWOF) June 2014 Valuation Type External Asset Quality A-Grade Construction/Refurbishment Completed 2008

Property Details Office Occupancy Office 53,500 sqm Actual 97.9% Retail 1,400 sqm Including Signed Leases 97.9% Car Parking Spaces 544 Including Heads of Agreement 97.9% Typical Floor Plate 1,860 sqm

Office Tenant Details Key Tenants Number of Office Tenants 15 Area (sqm) Expiry Date WALE (by income) 2.8 years PwC 22,970 May 2017 Ausnet Services 8,110 September 2020

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 600700 600700 6045 4560 60%50%50%60% 2H 20162H 20163% 3% 40 40 2017201745%45% 500600 500600 50 50 50%50% 35 35 40%40% 201820182% 2% 500 500 400 400 4030 3040 40%40% 2019201912%12% 30%30% 2 2Southbank Southbank Blvd Blvd 400 400 25 25 2020202028%28%

300 300only use personal For 30 30 30%30% RecyclingRecycling 202120211% 1% 300 300 20 20 RecyclingRecycling 81%81% 76%76% 20%20% rate rateof of 202220224% 4% 200 200 2015 1520 20%20% rate ofrate of 200 200 reductionreduction reductionreduction 20232023 sincesince 2005 2005 10 10 sincesince 2005 2005 48%48% 100 100 10 10 10%10% 45%45% 202420243% 3% 100 100 5 5 20252025 0 0 0 0 0%0 0%0 2026+2026+2% 2% 2011200820112008 2012 2009 2012 2009 2013 2010 2013 2010 2014 2011 2014 2011 2015 2012 2015 2012 2011 2008 2011 2008 2012 2009 2012 2009 2013 2010 2013 2010 2014 2011 2014 2011 2015 2012 2015 2012 20112008 20112008 2012 2009 2012 2009 2013 2010 2013 2010 2014 2011 2014 2011 2015 2015

Note: Sustainability data as at 31 December 2015. 62 For personal use only use personal For 8 Exhibition Street Melbourne 8 Exhibition Street, Melbourne GWOF

Located at the East or ‘Paris’ end of Melbourne’s CBD, 8 Exhibition Street is a 44,900 sqm, 35 level, Premium Grade office tower. Central to public transport and road systems, the building offers views over The Domain, Royal Botanic Gardens, Southbank and further out towards Port Phillip Bay. Built in 2005, the asset has water and energy efficient systems in place and has achieved a 4.5 star NABERS Energy rating and 4.5 star NABERS Water Rating.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 50% GWOF Fair Value $204.0m Co-Owner KREIT (50%) Capitalisation Rate 5.25% Acquired (by GWOF) April 2013 Valuation Type External Asset Quality Premium Grade Construction/Refurbishment Completed 2005

Property Details Office Occupancy Office 44,600 sqm Actual 83.8% Retail 300 sqm Including Signed Leases 88.1% Car Parking Spaces 0 Including Heads of Agreement 88.1% Typical Floor Plate 1,620 sqm

Office Tenant Details Key Tenants Number of Office Tenants 15 Area (sqm) Expiry Date WALE (by income) 5.6 years EY 16,510 November 2017/2022 UBS 4,850 November 2025

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled)

600700600700 6090 9060 70%50%50%70% 2H 20162H 2016 80 80 201720177% 7% 500600500600 50 50 60%60% 70 70 40%40% 2018201814%14% 500500 50%50% 400400 4060 6040 201920196% 6%

For personal use only use personal For 30%30% 8 8Exhibition Exhibition St St 400400 50 50 40%40% 20202020 300300 30 30 RecyclingRecycling 2021202111%11% 300300 40 40 30%30% RecyclingRecycling 81%81% 76%76% 20%20% raterate of of 2022202237%37% 200200 2030 3020 rate rateof of 200200 reductionreduction reductionreduction 20%20% 20232023 sincesince 2005 2005 20 20 sincesince 2005 2005 61%61% 100100 10 10 10%10% 45%45% 202420248% 8% 100100 10 10 10%10% 2025202517%17% 0 0 0 0 0%0 0%0 2026+2026+ 2011200820112008 2012 2009 2012 2009 2013 2010 2013 2010 2014 2011 2014 2011 2015 2012 2015 2012 2011 2008 2011 2008 2012 2009 2012 2009 2013 2010 2013 2010 2014 2011 2014 2011 2015 2012 2015 2012 20112008 20112008 2012 2009 2012 2009 2013 2010 2013 2010 2014 2011 2014 2011 2015 2015

Note: This asset not operational in the baseline year (2005). Sustainability data as at 31 December 2015. 64 For personal use only use personal For 150 Collins Street Melbourne 150 Collins Street, Melbourne GWOF

Located in the exclusive ‘Paris’ end of Collins Street, 150 Collins Street is an A-Grade building with Premium Grade services. The development of 150 Collins Street reached completion in November 2014 and features 20,200 sqm of office and retail space. The asset has world-leading Environmentally Sustainable Design features that together, helped the building achieve a 6 star Green Star (Version 2 Office As Built) rating and is targeting a 5 star NABERS Energy rating.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GWOF Fair Value $209.1m Acquired (by GWOF) July 2012 Capitalisation Rate 5.38% Asset Quality A-Grade Valuation Type External Construction/Refurbishment Completed 2014

Property Details Office Occupancy Office 19,200 sqm Actual 100.0%1 Retail 1,000 sqm Including Signed Leases 100.0%1 Car Parking Spaces 143 Including Heads of Agreement 100.0%1 Typical Floor Plate 1,520 sqm

Office Tenant Details Key Tenants Number of Office Tenants 3 Area (sqm) Expiry Date WALE (by income) 9.5 years1 Westpac Group 12,310 November 2026 VECCI 2,800 September 2025

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled)

700700 6045 4560 35%50%35%50% 201620162H 20162H 20167% 7% 40 40 20172017 600600 50 50 30%30% 20172017 35 35 40%40% 20182018 20182018 500500 25%25% 4030 3040 20192019 20192019 30%30% 400400only use personal For 25 25 20%20% 20202020 20202020 30 30 20 20 RecyclingRecyclingRecyclingRecycling 20212021 20212021 300300 15%20%15%20% 81%81% 76%76% rateraterate ofrateof ofof 20222022 20222022 reductionreduction 2015 1520 reductionreduction 200200 10%10% 20232023 20232023 sincesince 2005 2005 10 10 sincesince 2005 2005 33%33% 10 10 10%10% 45%45% 20242024 20242024 100100 5 5 5% 5% 20252025 20252025 14%14% 0 0 0 0 0%0 0%0 2026+2026+ 2026+2026+79%79% 2011200820112008 2012 2009 2012 2009 2013 2010 2013 2010 2014 2011 2014 2011 2015 2012 2015 2012 2011 2008 2011 2008 2012 2009 2012 2009 2013 2010 2013 2010 2014 2011 2014 2011 2015 2012 2015 2012 20112008 20112008 2012 2009 2012 2009 2013 2010 2013 2010 2014 2011 2014 2011 2015 2015

1. Includes rental guarantee. Note: Sustainability data as at 31 December 2015. 66 For personal use only use personal For 530 Collins Street Melbourne 530 Collins Street, Melbourne GWOF

Located in the heart of Melbourne’s corporate precinct, on the north east corner of Collins and King Streets, 530 Collins Street is a Premium Grade commercial office building which was completed in 1991. The asset is highly sought after with large, flexible floor plates, a prime location and spectacular city views. Serviced by major public transport routes, 530 Collins Street also has four levels of basement car parking. 530 Collins Street has a 5.0 star NABERS Energy rating and a 3.0 star NABERS Water rating.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GWOF Fair Value $547.5m Acquired (by GWOF) July 2006 Capitalisation Rate 5.75% Asset Quality Premium Grade Valuation Type External Construction/Refurbishment Completed 1991 / Refurbished 2009

Property Details Office Occupancy Office 65,700 sqm Actual 98.0% Retail 1,600 sqm Including Signed Leases 98.0% Car Parking Spaces 308 Including Heads of Agreement 98.0% Typical Floor Plate Tower: 1,300 sqm Podium: 3,500 sqm Office Tenant Details Key Tenants Number of Office Tenants 24 Area (sqm) Expiry Date WALE (by income) 4.7 years Suncorp 15,450 June 2023 Bank of Melbourne 7,030 July 2017

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 2H 20162H 2016 700700 80 80 80%80% 1% 1% 2017201718%18% 600600 70 70 70%70% 201820189% 9% 530530 Collins Collins 500500 60 60 60%60% 201920191% 1% 50 50 50%50% 2020202014%14% 400400only use personal For 40 40 40%40% 2021202113%13% 300300 202220228% 8% 30 30 30%30% RecyclingRecycling 10%10% 66%66% raterate of of 2023202331%31% 200200 reductionreduction reductionreduction 20 20 20%20% 202420243% 3% sincesince 2005 2005 sincesince 2005 2005 100100 10 10 10%10% 57%57% 20252025 0 0 0 0 0%0% 2026+2026+2% 2% 20112011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015

Note: Sustainability data as at 31 December 2015. 68 For personal use only use personal For 655 Collins Street Melbourne 655 Collins Street, Melbourne GWOF

655 Collins Street is an eight level, A-Grade office building, prominently located on the corner of Collins and Spencer Streets. The asset is situated opposite the major railway and transport hub of Southern Cross Station. The asset was constructed in 2009 and comprises large campus-style floors, all with excellent natural light and strong tenant appeal. 655 Collins Street has a 5.0 star NABERS Energy rating and a 3.5 star NABERS Water rating.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GWOF Fair Value $137.8m Acquired (by GWOF) May 2014 Capitalisation Rate 5.25% Asset Quality A-Grade Valuation Type External Construction/Refurbishment Completed 2009

Property Details Office Occupancy Office 16,600 sqm Actual 100.0% Retail 0 sqm Including Signed Leases 100.0% Car Parking Spaces 89 Including Heads of Agreement 100.0% Typical Floor Plate 2,500 sqm

Office Tenant Details Key Tenants Number of Office Tenants 1 Area (sqm) Expiry Date WALE (by income) 13.4 years The Age 16,600 December 2029

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 700 700 6070 7060 35%50%50%35% 2H 20162H 2016 600 600 5060 6050 30%30% 20172017 40%40% 20182018 500 500 50 50 25%25% 655655 Collins Collins St St 40 40 20192019 30%30%

400 400only use personal For 40 40 20%20% 20202020 30 30 RecyclingRecycling 20212021 300 300 30 30 15%15% RecyclingRecycling 81%81% 76%76% 20%20% rate rateof of 20222022 20 20 rate ofrate of 200 200 reductionreduction 20 20 reductionreduction 10%10% 20232023 sincesince 2005 2005 sincesince 2005 2005 10%10% 45%29%45%29% 20242024 100 100 10 10 5% 5% 20252025 0 0 0 0 0% 0% 0 0 0 0 0 0 2026+2026+100%100% 2011200820112008 2012 2009 2012 2009 2013 2010 2013 2010 2014 2011 2014 2011 2015 2012 2015 2012 2011 2008 2011 2008 2012 2009 2012 2009 2013 2010 2013 2010 2014 2011 2014 2011 2015 2012 2015 2012 20112008 20112008 2012 2009 2012 2009 2013 2010 2013 2010 2014 2011 2014 2011 2015 2015

Note: Sustainability data as at 31 December 2015. 70 For personal use only use personal For 750 Collins Street Melbourne 750 Collins Street, Melbourne GWOF

750 Collins Street is an A-Grade office building completed in 2007. Situated in Melbourne’s dynamic Docklands precinct, the property occupies a 7,700 sqm site on the corner of Collins Street and Batman’s Hill Drive. The property comprises a 10 level campus-style building with super-sized office floor plates of approximately 5,550 square metres, featuring excellent natural light to each elevation. 750 Collins Street has a 5.5 star NABERS Energy rating and a 5.0 star NABERS Water rating.

Key Metrics as at 30 June 2016 General Current Valuation Ownership Interest 100% GWOF Fair Value $250.0m Acquired (by GWOF) May 2014 Capitalisation Rate 6.75% Asset Quality A-Grade Valuation Type External Construction/Refurbishment Completed 2007

Property Details Office Occupancy Office 37,300 sqm Actual 100.0% Retail 2,500 sqm Including Signed Leases 100.0% Car Parking Spaces 422 Including Heads of Agreement 100.0% Typical Floor Plate 5,550 sqm Office Tenant Details Key Tenants Number of Office Tenants 1 Area (sqm) Expiry Date WALE (by income) 3.4 years AMP 37,300 November 2019

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 300700 4560 50%40% 2H 2016 300700 6045 40%50% 2H 2016 40 35% 2017 250600 40 50 35% 2017 250600 50 40% 35 40%30% 2018 500 35 30% 2018 500200 3040 2019 100% 200 4030 30%25% 2019 100% 400 25 25%30% 2020 100% 750 Collins St 400150 25 30 20% 2020 100% 750 Collins St 150 30 20 20% RecyclingRecycling 2021 300 20 20% RecyclingRecycling 2021 300 only use personal For 81% 76% 15% 100 81% 15 76% 15%20% raterate ofof 2022 100 reduction 15 20 reduction raterate ofof 2022 200 reduction 20 reduction 10% 2023 200 since 2005 10 since 2005 10% 45%36% 2023 50 since 2005 10 10 since 2005 10% 45%36%45% 2024 50100 10 5 10%5% 45% 2024 100 5 5% 2025 0 0 0% 2025 0 0 0 0 0% 0 2026+ 0 20112008 2012 2009 2013 2010 2014 2011 2015 20120 2011 2008 2012 2009 2013 2010 2014 2011 2015 2012 0 20112008 2012 2009 2013 2010 2014 2011 2015 2026+ 20112008 2012 2009 2013 2010 2014 2011 2015 2012 2011 2008 2012 2009 2013 2010 2014 2011 2015 2012 20112008 2012 2009 2013 2010 2014 2011 2015

Note: Sustainability data as at 31 December 2015. 72 For personal use only use personal For CBW Corner of Bourke & William Streets, Melbourne CBW, Corner of Bourke & William Streets, Melbourne GWOF

CBW is an A-Grade office complex located in the core of Melbourne’s CBD and comprises a mixed use development incorporating 181 William Street, 550 Bourke Street and Goldsbrough Lane. 181 William Street comprises a 26 level office tower which occupies a prominent position on the north west corner of William Street and Bourke Street. 550 Bourke Street comprises a 19 level office tower located west of 181 William Street and borders Ramsay Lane. Goldsbrough Lane is the retail precinct of the complex and comprises an undercover retail plaza and laneway which provides pedestrian access between the two office towers. CBW has achieved a 5.0 star GreenStar rating, a 5.0 star NABERS Energy rating and a 4.5 star NABERS Water rating.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 50% GWOF Fair Value $321.0m Co-Owner GPT (50%) Capitalisation Rate 5.63% Acquired (by GWOF) October 2014 Valuation Type External Asset Quality A-Grade Construction/Refurbishment Completed 2009

Office Tenant Details Key Tenants Number of Office Tenants 16 Area (sqm) Expiry Date WALE (by income) 4.0 years IAG 28,520 June 2020 Deloitte 18,120 May 2020

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 2H 20162H 20163% 3% 600600 40 40 25%25% 201720173% 3% 35 35 20182018 500500 20%20% 30 30 For personal use only use personal For 20192019 9% 9% CBWCBW 400400 2020202062%62% 25 25 15%15% 300300 20 20 2021202118%18% 202220225% 5% 15 15 10%10% RecyclingRecycling 200200 raterate of of 20232023 10 10 20242024 100100 5% 5% 5 5 23%23% 20252025 0 0 0 0 0% 0% 2026+2026+ 20112011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015

Note: Sustainability data as at 31 December 2015. 74 For personal use only use personal For 800/808 Bourke Street Melbourne 800/808 Bourke Street, Melbourne GWOF

800 and 808 Bourke Street were completed in 2004. This contemporary home to the Australian head office of the National Australia Bank (NAB) is located on a prime, north-facing waterfront site in the Docklands Precinct in Melbourne. The asset embodies the key design elements of a modern workplace such as large open plan floors, open atria, operable windows, balconies, terraces, sunshades and extensive use of natural light. 800/808 Bourke Street has a 5.5 star NABERS Energy rating and 3.0 star NABERS Water rating, and is the first building to be rated using the Green Star Performance Pilot, rating 4 stars.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GWOF Fair Value $508.5m Acquired (by GWOF) July 2006 Capitalisation Rate 5.25% Asset Quality A-Grade Valuation Type External Construction/Refurbishment Completed 2004

Property Details Office Occupancy Office 59,600 sqm Actual 100.0% Retail 1,700 sqm Including Signed Leases 100.0% Car Parking Spaces 416 Including Heads of Agreement 100.0% Typical Floor Plate 3,500 sqm

Office Tenant Details Key Tenants Number of Office Tenants 1 Area (sqm) Expiry Date WALE (by income) 11.1 years NAB 59,600 August 2027

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 2H 20162H 2016 800800 30 30 50%50% 20172017 700700 45%45% 800800 & & 808 808 25 25 40%40% 20182018 600600 20192019 20 20 35%35% 500500 20202020

For personal use only use personal For 30%30% 400400 15 15 25%25% 20212021 RecyclingRecycling 20222022 300300 83% 83% 20%20% 34%34% 10 10 raterate of of 20232023 reductionreduction reduction reduction 15%15% 200200 sincesince 2005 2005 20242024 sincesince 2005 2005 5 5 10%10% 41%41% 100100 5%5% 20252025 0 0 0 0 0%0% 2026+2026+100%100% 20112011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015

Note: Sustainability data as at 31 December 2015. NAB has procured offsets for its emissions at 800/808 Bourke Street. 76 For personal use only use personal For One One One Eagle Street Brisbane One One One Eagle Street, Brisbane GWOF

One One One Eagle Street is a Premium Grade, 63,800 sqm, 54 level office tower in Brisbane’s prime commercial ‘Golden Triangle’ precinct. The recently developed tower is designed to take advantage of the outstanding location and Brisbane River views. The building has achieved the highest rating available, a 6 star Green Star As Built rating from the Green Building Council of Australia. One One One Eagle Street has also achieved a 5.5 star NABERS Energy rating and 4.5 star NABERS Water rating. Featuring the latest Tri-generation technology, the building can generate its own power, reducing peak demand on energy supply and lowering greenhouse gas emissions.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 33% GWOF Fair Value $277.0m Co-Owners GPT (33%) Capitalisation Rate 5.50% Third Party Investor (33%) Valuation Type External Acquired (by GWOF) October 2008 Asset Quality Premium Grade Construction/Refurbishment Completed 2012

Property Details Office Occupancy Office 63,800 sqm Actual 97.6% Retail 400 sqm Including Signed Leases 97.6% Car Parking Spaces 115 Including Heads of Agreement 97.6% Typical Floor Plate 1,450 sqm

Office Tenant Details Key Tenants Number of Office Tenants 21 Area (sqm) Expiry Date WALE (by income) 7.1 years Arrow Energy 14,800 February 2018/2019/2021 EY 9,000 June 2024

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 600700600700 45604560 70%50%70%50% 2H 2H2016 2016 600600 40 40 201720171%1% 500500 50 50 60%40%60%40% 35 35 20182018 5%5% 500500 50%50% 400400 30403040 2019201910%10% For personal use only use personal For 30%30% 400400 40%40% 20202020 3%3% 25302530 111111 Eagle Eagle St St 300300 RecyclingRecycling 2021202119%19% 300300 20 20 30%30% 81%81% 76%76% 20%20% RecyclingRecyclingraterate of of 202220225%5% 200200 reductionreduction 15201520 reductionreduction 200200 20%20% raterate of of 202320236%6% sincesince 2005 2005 sincesince 2005 2005 10 10 10%10% 45%45% 2024202426%26% 100100100100 10 10 10%10% 44%44% 5 5 2025202510%10% 00 00 00 00 0%00%0 2026+2026+20%20% 20112011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 20092009 2010 2010 2011 2011 2012 2012 2013 2013 2009 2009 2010 2010 2011 2011 2012 2012 2013 2013 2009 2009 2010 2010 2011 2011 2012 2012 2013 2013

Note: Sustainability data as at 31 December 2015. 78 For personal use only use personal For Riverside Centre 123 Eagle Street, Brisbane Riverside Centre, 123 Eagle Street, Brisbane GWOF

This pre-eminent landmark complex comprises a modern 41 level Premium Grade commercial building located in the heart of the ‘Golden Triangle’ in the Brisbane CBD, designed by one of Australia’s leading architects Harry Seidler. The building incorporates quality office accommodation, waterfront restaurants, a car park for over 500 cars and an open plaza surrounded by retail accommodation. The Riverside Centre has a 5.5 star NABERS Energy rating and a 3.5 star NABERS Water rating.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GWOF Fair Value $605.0m Acquired (by GWOF) July 2006 Capitalisation Rate 5.88% Asset Quality Premium Grade Valuation Type External Construction/Refurbishment Completed 1986 / Refurbished 1998/2015

Property Details Office Occupancy Office 51,800 sqm Actual 87.3% Retail 4,500 sqm Including Signed Leases 87.3% Car Parking Spaces 500 Including Heads of Agreement 88.2% Typical Floor Plate 1,500 sqm

Office Tenant Details Key Tenants Number of Office Tenants 29 Area (sqm) Expiry Date WALE (by income) 3.3 years PwC 9,560 July 2016 / January 2019 Deloitte 5,800 October 2018

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 2H 2016 1% 840840 90 90 80%80% 2H 2016 1% 20172017 4% 4% 820820 80 80 70%70% 2018201832%32% Riverside 70 70 Riverside 800800 60%60% 2019201920%20% 60 60 780780 50%50% 2020202025%25% For personal use only use personal For 50 50 2021 14% 760760 40%40% 2021 14% 40 40 202220222% 2% 740740 30%30% RecyclingRecycling 65%65% 30 30 62%62% rate of 202320232% 2% 720 reduction reduction 20% rate of 720 reduction 20 20 reduction 20% 20242024 sincesince 2005 2005 sincesince 2005 2005 700700 10 10 10%10% 71%71% 20252025 680680 0 0 0%0% 2026+2026+ 20112011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015

Note: Sustainability data as at 31 December 2015. 80 For personal use only 2016 INTERIM RESULT

Logistics Portfolio For personal use only use personal For Rosehill Business Park, Camellia, NSW GPT

Rosehill Business Park is a modern industrial asset located in the established central west industrial area of Sydney. The property features 41,900 sqm of lettable area across three buildings that were completed in separate stages. The property benefits from its close proximity to James Ruse Drive and the M4 motorway.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GPT Fair Value $79.0m Acquired (by GPT) May 1998 Capitalisation Rate 7.25% Valuation Type Internal Income (6 months) $3.0m

Property Details GLA 41,900 sqm Site Area 79,700 sqm Occupancy (Actual) 100.0% Occupancy (Including Signed Leases) 100.0% Occupancy (Including Heads of Agreement) 100.0%

WALE (by income) 2.3 years For personal use only use personal For

82 10 Interchange Drive, Eastern Creek, NSW xxxxGPT

10 Interchange Drive is located at the intersection of the M4 and the M7 motorways, with direct exposure to the M7 motorway. The property comprises a modern, purpose built warehouse and office facility, that is fully leased to Asics. The property features undercover parking and a showroom.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GPT Fair Value $30.8m Acquired (by GPT) August 2012 Capitalisation Rate 7.00% Valuation Type Internal Income (6 months) $1.2m

Property Details GLA 15,100 sqm Site Area 30,200 sqm Occupancy (Actual) 100.0% Occupancy (Including Signed Leases) 100.0% Occupancy (Including Heads of Agreement) 100.0%

WALE (by income) 4.0 years For personal use only use personal For

83 Connect@Erskine Park, Cnr Lockwood and Templar Road, Erskine Park, NSW xxxxGPT

Connect@Erskine Park is a 27.8 hectare site situated on the corner of Lockwood and Templar Road, Erskine Park. It is located approximately 26 kilometres west of the Parramatta CBD and 46 kilometres west of the Sydney CBD with good access to the major M4 and M7 motorways junctions.

Key Metrics as at 30 June 2016

General Ownership Interest 100% GPT Acquired (by GPT) May 2008

Property Details 16–34 Templar Road 36–52 Templar Road 54–70 Templar Road 67–75 Templar Road 29–55 Lockwood Road (Goodman Fielder) (Rand) (Coles RRM) (Target) (TNT Express)

GLA 15,200 sqm 24,500 sqm 21,000 sqm 12,700 sqm 32,200 sqm Site Area 39,700 sqm 62,200 sqm 43,300 sqm 22,900 sqm 75,000 sqm Occupancy (Actual) 100.0% 100.0% 100.0% 100.0% 100.0% Occupancy (Including Signed Leases) 100.0% 100.0% 100.0% 100.0% 100.0% Occupancy (Including Heads of Agreement) 100.0% 100.0% 100.0% 100.0% 100.0% WALE (by income) 13.0 years 18.6 years 19.0 years 5.6 years 13.5 years

Current Valuation Fair Value $54.5m $97.0m $138.0m $22.5m $85.5m Capitalisation Rate 6.00% 5.75% 6.00% 6.75% 5.75% Valuation Type External External External Internal External

Income (6 months) $1.8m $2.8m $4.9m $0.9m $2.5m For personal use only use personal For

84 407 Pembroke Road, Minto, NSW GPT

The property is located within easy access to major road networks (M5 and M7 motorways) and has the benefit of access to a railway siding from the Main Southern Railway. Current improvements comprise 15,300 sqm of modern office, warehouse and cold storage.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 50% GPT Fair Value $26.5m Co-Owner Austrak (50%) Capitalisation Rate 7.25% Acquired (by GPT) October 2008 Valuation Type External Income (6 months) $1.2m

Property Details GLA 15,300 sqm Site Area 21,100 sqm Occupancy (Actual) 100.0% Occupancy (Including Signed Leases) 100.0% Occupancy (Including Heads of Agreement) 100.0%

WALE (by income) 3.4 years For personal use only use personal For

85 4 Holker Street, Newington, NSW GPT

4 Holker Street, Newington comprises a modern, hi-tech data centre built in 2002. The property is well located close to major transport routes, approximately one kilometre north of the M4 Motorway, and in close proximity to Newington Shopping Centre and Sydney Olympic Park.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GPT Fair Value $30.5m Acquired (by GPT) March 2006 Capitalisation Rate 8.50% Valuation Type Internal Income (6 months) $1.7m

Property Details GLA 7,400 sqm Site Area 6,800 sqm Occupancy (Actual) 100.0% Occupancy (Including Signed Leases) 100.0% Occupancy (Including Heads of Agreement) 100.0%

WALE (by income) 1.0 years For personal use only use personal For

86 83 Derby Street, Silverwater, NSW GPT

A well located property comprising a freestanding warehouse, with associated office space. The warehouse is separated into three units, however is currently being leased in one line to a single tenant. The improvements were completed between 2001 and 2003, and features 52 per cent site coverage and 142 car spaces.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GPT Fair Value $30.4m Acquired (by GPT) August 2012 Capitalisation Rate 6.50% Valuation Type Internal Income (6 months) $1.1m

Property Details GLA 17,000 sqm Site Area 31,900 sqm Occupancy (Actual) 100.0% Occupancy (Including Signed Leases) 100.0% Occupancy (Including Heads of Agreement) 100.0%

WALE (by income) 9.5 years For personal use only use personal For

87 Town Centre, Sydney Olympic Park, NSW GPT

The Town Centre located at Sydney Olympic Park consists of five neighbouring GPT assets that form a five hectare consolidated holding. The Town Centre provides GPT with a potential mixed- use development site.

Key Metrics as at 30 June 2016

General Ownership Interest 100% GPT Acquired (by GPT) 2013 / 2005 / 2004 / 2010 / 2004

Property Details 3 Figtree Drive 5 Figtree Drive 7 Figtree Drive 6 Herb Elliott Avenue 8 Herb Elliott Avenue

GLA 6,800 sqm 8,800 sqm 3,500 sqm 4,100 sqm 3,300 sqm Site Area 12,900 sqm 12,900 sqm 9,600 sqm 8,400 sqm 9,100 sqm Occupancy (Actual) 100.0% 100.0% 100.0% 26.8% 100.0% Occupancy (Including Signed Leases) 100.0% 100.0% 100.0% 26.8% 100.0% Occupancy (Including Heads of Agreement) 100.0% 100.0% 100.0% 26.8% 100.0% WALE (by income) 3.5 years 3.9 years 1.0 years 1.8 years 3.6 years

Current Valuation Fair Value $24.0m $26.6m $15.0m $11.0m $11.3m Capitalisation Rate n/a 7.50% n/a n/a n/a Valuation Type External External External External External

Income (6 months) $1.0m $1.1m $0.5m $0.0m $0.4m For personal use only use personal For

88 Quad 1 & Quad 4, Sydney Olympic Park, NSW GPT

Quad 1 and Quad 4 form part of an integrated office precinct located at Sydney Olympic Park, close to significant infrastructure and public recreational amenities. Set within a fully landscaped environment the business park is an outstanding example of progressive, environmentally responsible and innovative design. The Quad 1 building has achieved 5.0 Star NABERS Energy and 5.0 Star NABERS Water rating. The Quad 4 building has achieved a 5.5 Star NABERS Energy rating and a 5.0 Star NABERS Water rating.

Key Metrics as at 30 June 2016

General Ownership Interest 100% GPT Acquired (by GPT) Completed 2001 / 2007

Property Details Current Valuation Quad 1 Quad 4 Quad 1 Quad 4 GLA 4,400 sqm 8,100 sqm Fair Value $23.0m $49.3m Site Area 9,400 sqm 8,000 sqm Capitalisation Rate 7.25% 6.50% Occupancy (Actual) 88.3% 100.0% Valuation Type External External Occupancy (Including Signed Leases) 88.3% 100.0% Income (6 months) $0.8m $1.2m Occupancy (Including Heads of Agreement) 94.9% 100.0%

WALE (by income) 3.4 years 13.7 years For personal use only use personal For

89 372–374 Victoria Street, Wetherill Park, NSW GPT

The property comprises a high bay warehouse and associated offices. Wetherill Park is a traditional industrial area popular with transport, storage and distribution users. Victoria Street provides direct access to the Cumberland Highway, and proximity to the M4 and M7 motorways.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GPT Fair Value $20.9m Acquired (by GPT) July 2006 Capitalisation Rate 8.00% Valuation Type Internal Income (6 months) $1.0m

Property Details GLA 20,500 sqm Site Area 40,900 sqm Occupancy (Actual) 100.0% Occupancy (Including Signed Leases) 100.0% Occupancy (Including Heads of Agreement) 100.0%

WALE (by income) 3.7 years For personal use only use personal For

90 38 Pine Road, Yennora, NSW GPT

38 Pine Road Yennora is located within the established industrial precinct in Western Sydney. The property, comprising two separate warehouses, is well positioned to nearby transport connections including the Cumberland and Hume Highways, the M4 and M5 motorways and is opposite the Yennora Intermodal Terminal.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GPT Fair Value $52.0m Acquired (by GPT) November 2013 Capitalisation Rate 7.50% Valuation Type External Income (6 months) $1.9m

Property Details GLA 33,200 sqm Site Area 73,900 sqm Occupancy (Actual) 100.0% Occupancy (Including Signed Leases) 100.0% Occupancy (Including Heads of Agreement) 100.0%

WALE (by income) 2.7 years For personal use only use personal For

91 Citiwest Industrial Estate, Altona North, VIC GPT

The estate comprises a complex of six high clearance warehouse distribution centres, 15 kilometres south west of the Melbourne CBD. The estate is bounded by Dohertys Road to the north, Grieve Parade to the east and Pinnacle Road to the south. Access to the Westgate Freeway and the Western Ring Road are available from Grieve Parade.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GPT Fair Value $67.4m Acquired (by GPT) August 1994 Capitalisation Rate 7.90% Valuation Type Internal Income (6 months) $1.8m

Property Details GLA 90,000 sqm Site Area 201,800 sqm Occupancy (Actual) 65.5% Occupancy (Including Signed Leases) 65.5% Occupancy (Including Heads of Agreement) 65.5%

WALE (by income) 1.7 years For personal use only use personal For

92 Citiport Business Park, Port Melbourne, VIC GPT

Citiport Business Park is a well located office and warehouse estate comprising a low-rise office building and 10 warehouse office units with adjoining showrooms. The property is located in the Port Melbourne precinct and features a good level of underground and on-grade parking.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GPT Fair Value $71.0m Acquired (by GPT) February 2012 Capitalisation Rate 7.50% Valuation Type External Income (6 months) $2.5m

Property Details GLA 27,000 sqm Site Area 25,500 sqm Occupancy (Actual) 92.9% Occupancy (Including Signed Leases) 92.9% Occupancy (Including Heads of Agreement) 92.9%

WALE (by income) 3.0 years For personal use only use personal For

93 Austrak Business Park, Somerton, VIC GPT

Austrak Business Park comprises approximately 99 hectares of industrial zoned land, located 20 kilometres north of the Melbourne CBD. The property offers a key point of difference with access to one of Australia’s first fully integrated inter-modal rail terminals.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 50% GPT Fair Value $159.1m Co-Owner Austrak (50%) Capitalisation Rate 6.67% Acquired (by GPT) October 2003 Valuation Type Internal Income (6 months) $4.9m

Property Details GLA 211,300 sqm Site Area 661,000 sqm Occupancy (Actual) 92.3% Occupancy (Including Signed Leases) 92.3% Occupancy (Including Heads of Agreement) 92.3%

WALE (by income) 8.6 years For personal use only use personal For

94 16–28 Quarry Road, Yatala, QLD GPT

The property comprises two standalone warehouses, each providing approximately 20,400 sqm of clear span internal space and are strategically located in the Yatala Enterprise Area, approximately 40 kilometres south of the Brisbane CBD and approximately 40 kilometres north of the Gold Coast CBD.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GPT Fair Value $47.7m Acquired (by GPT) November 2013 Capitalisation Rate 8.25% Valuation Type Internal Income (6 months) $2.2m

Property Details GLA 40,800 sqm Site Area 81,500 sqm Occupancy (Actual) 94.9% Occupancy (Including Signed Leases) 94.9% Occupancy (Including Heads of Agreement) 94.9%

WALE (by income) 0.6 years For personal use only use personal For

95 59 Forest way, Karawatha, QLD GPT

59 Forest Way is a new, state-of-the-art logistics facility located at Karawatha which is approximately 22 kilometres south of Brisbane’s CBD. The 44,000 sqm of warehouse and office was custom-built for Toll Group on a 13.4 hectare site. The property is situated in the Logan Motorway precinct of South East Queensland which is now established as a prime location for large scale logistics facilities.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GPT Fair Value $102.5m Acquired (by GPT) Completed April 2014 Capitalisation Rate 6.25% Valuation Type External Income (6 months) $3.4m

Property Details GLA 44,000 sqm Site Area 134,300 sqm Occupancy (Actual) 100.0% Occupancy (Including Signed Leases) 100.0% Occupancy (Including Heads of Agreement) 100.0%

WALE (by income) 12.7 years For personal use only use personal For

96 3 Murray Rose Avenue, Sydney Olympic Park, NSW GMF

3 Murray Rose Avenue is a campus style business park A-Grade office building which comprises approximately 13,400 sqm of office space and 226 car spaces. The five floor suburban office building was completed in March 2015 and was developed as the national headquarters for Samsung. 3 Murray Rose Avenue incorporates modern urban design and has achieved a 5 star Green Star Design Rating. The asset has sustainability targets of a 5 star Green Star As Built Rating and 5 star NABERS Energy and Water Ratings.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GMF Fair Value $91.5m Acquired (by GMF) September 2014 Capitalisation Rate 6.50% Asset Quality A-Grade Valuation Type Internal Construction/Refurbishment Completed 2015

Property Details Office Occupancy Office 13,400 sqm Actual 100.0% Retail 0 sqm Including Signed Leases 100.0% Car Parking Spaces 226 Including Heads of Agreement 100.0% Typical Floor Plate 2,700 sqm

Office Tenant Details Key Tenants Area (sqm) Expiry Date Number of Office Tenants 1 Samsung 13,400 March 2022

WALE (by income) 5.7 years For personal use only use personal For

97 5 Murray Rose Avenue, Sydney Olympic Park, NSW GMF

5 Murray Rose Avenue forms part of the Sydney Olympic Park precinct and is a 12,300 sqm commercial building over five levels, with a 6 star Green Star As Built Rating. The asset is award- winning, being recognised by the Property Council of Australia for Best Sustainable Development in 2014 and the Urban Development Institute of Australia NSW for Excellence in Sustainable Development in 2013.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GMF Fair Value $90.5m Acquired (by GMF) August 2014 Capitalisation Rate 6.25% Asset Quality A-Grade Valuation Type Internal Construction/Refurbishment Completed 2012

Property Details Office Occupancy Office 12,300 sqm Actual 100.0% Retail 100 sqm Including Signed Leases 100.0% Car Parking Spaces 229 Including Heads of Agreement 100.0% Typical Floor Plate 2,600 sqm

Office Tenant Details Key Tenants Area (sqm) Expiry Date Number of Office Tenants 1 Lion 12,300 April 2024

WALE (by income) 7.8 years For personal use only use personal For

98 Quad 2, Sydney Olympic Park, NSW GMF

Quad 2 is part of the Quad Business Park which is characterised by low rise buildings set in a parkland environment, with large floorplates, good natural light and a high car parking ratio. The asset, with 5,100 sqm of office space over four levels, is located close to significant infrastructure, public recreational and retail amenities.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GMF Fair Value $29.0m Acquired (by GMF) August 2014 Capitalisation Rate 7.25% Asset Quality A-Grade Valuation Type Internal Construction/Refurbishment Completed 2002

Property Details Office Occupancy Office 5,100 sqm Actual 100.0% Retail 0 sqm Including Signed Leases 100.0% Car Parking Spaces 135 Including Heads of Agreement 100.0% Typical Floor Plate 1,700 sqm

Office Tenant Details Key Tenants Area (sqm) Expiry Date Number of Office Tenants 6 Universities Admissions Centre 2,100 March 2022

WALE (by income) 3.1 years BSA 1,730 July 2017 For personal use only use personal For

99 Quad 3, Sydney Olympic Park, NSW GMF

Quad 3 is part of the Quad Business Park which is characterised by low rise buildings set in a parkland environment, with large floorplates, good natural light and a high car parking ratio. The asset, with 5,200 sqm of office space over three levels, is located close to significant infrastructure, public recreational and retail amenities.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GMF Fair Value $29.3m Acquired (by GMF) August 2014 Capitalisation Rate 7.25% Asset Quality A-Grade Valuation Type Internal Construction/Refurbishment Completed 2004

Property Details Office Occupancy Office 5,200 sqm Actual 95.1% Retail 0 sqm Including Signed Leases 95.1% Car Parking Spaces 133 Including Heads of Agreement 95.1% Typical Floor Plate 1,800 sqm

Office Tenant Details Key Tenants Area (sqm) Expiry Date Number of Office Tenants 7 Alstom Grid 1,990 April 2019

WALE (by income) 2.8 years Suzanne Grae 1,280 April 2020 For personal use only use personal For

100 Vantage, 109 Burwood Road, Hawthorn, VIC GMF

Vantage is located in Hawthorn, six kilometres east of the Melbourne CBD. The A-Grade office building has 12,300 sqm of space across five floors of office accommodation and a car park for 455 vehicles. The property benefits from its prominent corner location, is close to a range of amenities and is easily accessible via car, tram or train.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GMF Fair Value $72.9m Acquired (by GMF) April 2014 Capitalisation Rate 7.00% Asset Quality A-Grade Valuation Type Internal Construction/Refurbishment Completed 2008

Property Details Office Occupancy Office 12,300 sqm Actual 69.6% Retail 100 sqm Including Signed Leases 76.3% Car Parking Spaces 455 Including Heads of Agreement 89.2% Typical Floor Plate 2,500 sqm

Office Tenant Details Key Tenants Area (sqm) Expiry Date Number of Office Tenants 4 Orora Limited 4,900 June 2018

WALE (by income) 4.7 years McConnell Dowell 3,250 March 2023 For personal use only use personal For

101 Optus Centre, 15 Green Square Close, Fortitude Valley, QLD GMF

The Optus Centre is located within the growing Fortitude Valley precinct, two kilometres from the Brisbane CBD and benefits from being at the northern gateway of the Brisbane CBD. It is a modern 5 star Green Star Design building with large 1,500 square metre floor plates.

Key Metrics as at 30 June 2016

General Current Valuation Ownership Interest 100% GMF Fair Value $127.1m Acquired (by GMF) November 2013 Capitalisation Rate 6.75% Asset Quality A-Grade Valuation Type Internal Construction/Refurbishment Completed 2013

Property Details Office Occupancy Office 16,200 sqm Actual 97.8% Retail 300 sqm Including Signed Leases 97.8% Car Parking Spaces 150 Including Heads of Agreement 97.8% Typical Floor Plate 1,500 sqm

Office Tenant Details Key Tenants Area (sqm) Expiry Date Number of Office Tenants 4 Queensland Urban Utilities 7,310 May 2023 WALE (by income) 5.7 years Optus 5,920 June 2020 Papuan Oil Search 1,840 January 2024

Regus 1,090 August 2021 For personal use only use personal For

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