Property Compendium Contents

2018 ANNUAL RESULT

PROPERTY COMPENDIUM CONTENTS

Retail Portfolio 3

GWSCF Portfolio 18

Office Portfolio 34

GWOF Portfolio 54

Logistics Portfolio 86 2018 ANNUAL RESULT

RETAIL PORTFOLIO Casuarina Square Northern Territory

4 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 complemented by a 303 bed student accommodation facility operated by Unilodge. Casuarina Square is also home to one of Australia’s largest solar rooftop systems after installation of the 1.25MW (megawatt) system in 2015.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 50% GPT Fair Value1 $300.8m Co-Owner 50% GWSCF Capitalisation Rate2 5.50% Acquired (by GPT) October 1973 Valuation Type Independent Asset Type Regional Centre Income (12 months) $18.1m Construction Completed 1973 Latest Refurbishment/Development 2016 (Entertainment and Leisure Precinct)

Centre Details Sales Information Total GLA 55,100 sqm Total Centre Specialties Number of Tenancies 200 Sales Turnover per Square Metre $7,455 $9,872 Car Parking Spaces 2,400 Occupancy Costs 11.6% 17.9% Retail Occupancy 98.9% Annual Centre Turnover $366.4m Key Tenants Area (sqm) Kmart 7,450 Big W 6,130 Woolworths 5,020 BCC Cinemas 4,120 Water intensity Emissions intensity (litres/m2) Coles 3,750 (litres/m2) Sustainability

Water Intensity Emissions Intensity Operational Waste 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 3,000 120 30%

2,500 100 25%

2,000 80 20% Casuarina 1,500 60 15%

1,000 40 10%

500 20 5%

0 0 0% 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 1. Includes retail and student accommodation. 2. Retail component only. Note: Sustainability data as at 31 December 2018, as presented for external assurance. 5 Charlestown Square New South Wales

6 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, three supermarkets and a Reading Cinema complex. In addition to over 280 specialty stores, the centre includes international retailers H&M, Sephora and Apple.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GPT Fair Value $977.3m Acquired (by GPT) December 1977 Capitalisation Rate 5.25% Asset Type Super Regional Centre Valuation Type Internal Construction Completed 1979 Income (12 months) $55.8m Latest Refurbishment/Development 2016 (International Mini-Major Remix)

Centre Details Sales Information Total GLA 94,800 sqm Total Centre Specialties Number of Tenancies 287 Sales Turnover per Square Metre $7,033 $12,221 Car Parking Spaces 3,450 Occupancy Costs 10.4% 14.8% Retail Occupancy 99.3% Annual Centre Turnover $584.2m

Key Tenants Area (sqm) Myer 11,500 Big W 7,750 Target 5,590 Woolworths 4,800 Reading Cinemas 4,580 Coles 4,320 Aldi 790

Sustainability

Water Intensity Emissions Intensity Operational Waste 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 800 70 90% 700 60 80% 70% 600 50 60% 500 40 50% 400 Charlestown Sq 30 40% 300 30% 20 200 20% 100 10 10% 0 0 0% 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018

Note: Sustainability data as at 31 December 2018, as presented for external assurance. 7 Highpoint Shopping Centre Victoria

8 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 over 460 stores including western Melbourne’s only David Jones, as well as several international retailers including Zara, Apple, Uniqlo and Sephora. The centre provides an exciting retail experience for customers providing the western region of Melbourne with an extensive retail, entertainment and lifestyle offer.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 16.67% GPT Fair Value $435.0m Co-Owner 83.33% GWSCF Capitalisation Rate 4.13% Acquired (by GPT) August 2009 Valuation Type Independent Asset Type Super Regional Centre Income (12 months) $18.4m Construction Completed 1975 Latest Refurbishment/Development 2015 (Entertainment and Dining precinct)

Centre Details Sales Information Total GLA 152,500 sqm Total Centre Specialties Number of Tenancies 468 Sales Turnover per Square Metre $7,336 $11,355 Car Parking Spaces 7,341 Occupancy Costs 13.2% 19.0% Retail Occupancy 99.8% Annual Centre Turnover $1,022.4m Key Tenants Area (sqm) Myer 19,120 David Jones 13,760 Target 9,920 Hoyts 9,030 Big W 8,160 Woolworths 4,240

Sustainability

Water Intensity Emissions Intensity Operational Waste 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 1,200 100 40% 90 35% 1,000 80 30% 800 70 60 25% 600 50 20% Highpoint ShpCntr 40 15% 400 30 10% 200 20 10 5% 0 0 0% 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018

Note: Sustainability data as at 31 December 2018, as presented for external assurance. 9 Melbourne Central Victoria

10 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 including a Hoyts cinema complex. With 300 retailers, the shopping centre covers two city blocks and is conveniently located directly above Melbourne Central train station. This 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 31 December 2018

General Current Valuation Ownership Interest 100% GPT Fair Value1 $1,513.0m Acquired (by GPT) May 1999 Capitalisation Rate2 4.50% Asset Type City Centre Valuation Type Independent Construction Completed 1991 Income (12 months) $78.4m Latest Refurbishment/Development Underway (Existing Centre Upgrades)

Centre Details Sales Information Total GLA 56,300 sqm Total Centre Specialties Number of Tenancies 301 Sales Turnover per Square Metre $11,410 $13,432 Car Parking Spaces 879 Occupancy Costs 14.2% 18.0% Retail Occupancy 100.0% Annual Centre Turnover $572.2m

Key Tenants Area (sqm) Hoyts 7,710 Coles 1,310

Sustainability

Water Intensity Emissions Intensity Operational Waste (litres/m2) (kg C0 -e/m2) (% reused/recycled) 2,200 250 2 30% 2,000 1,800 200 25% 1,600 20% 1,400 150 1,200 15% 1,000

MC 800 100 10% 600 400 50 5% 200 0 0 0% 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018

1. Includes retail and car park. 2. Retail only. Note: Sustainability data as at 31 December 2018, as presented for external assurance. 11 Rouse Hill Town Centre New South Wales

12 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 features two discount department stores, two supermarkets and a cinema/entertainment precinct and over 250 specialty stores.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GPT Fair Value $635.2m Acquired (by GPT) Stage 1: September 2007 Capitalisation Rate 5.50% Stage 2: March 2008 Valuation Type Independent Asset Type Regional Centre Income (12 months) $38.1m Construction Completed 2008

Centre Details Sales Information Total GLA 69,800 sqm Total Centre Specialties Number of Tenancies 254 Sales Turnover per Square Metre $7,334 $9,460 Car Parking Spaces 2,767 Occupancy Costs 9.6% 14.1% Retail Occupancy 99.6% Annual Centre Turnover $453.7m

Key Tenants Area (sqm) Big W 8,560 Target 6,820 Reading Cinemas 5,780 Woolworths 4,610 Coles 4,120

Sustainability

Water Intensity Emissions Intensity Operational Waste 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 1,600 50 80% 1,400 45 70% 40 1,200 60% Rouse Hill 35 1,000 30 50% 800 25 40% 600 20 30% Town Centre 15 400 20% 10 200 5 10% 0 0 0% 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018

Note: Sustainability data as at 31 December 2018, as presented for external assurance. 13 Sunshine Plaza Queensland

14 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 offer including a 12 screen Birch Carroll and Coyle cinema complex. Sunshine Plaza is owned jointly with Australian Prime Property Fund Retail and is managed by Lendlease. In August 2016, the co-owners announced that work has begun on a $420 million re-development of the centre. The scheme incorporates a 34,400 square metre retail expansion to include David Jones, Big W, International Mini Majors, 105 specialty stores and additional 1,420 car parking spaces. Stage one opened on 15 November 2018, introducing a range of new speciality stores and a refurbished Myer. Stage two is scheduled to open end of March 2019.

Key Metrics as at 31 December 2018 General Current Valuation Ownership Interest 50% GPT Fair Value $607.5m Co-Owner 50% Australian Prime Property Fund Retail Capitalisation Rate 5.00% Acquired (by GPT) December 1992 Valuation Type Independent Asset Type Major Regional Centre Income (12 months) $22.3m Construction Completed 1994 Latest Refurbishment/Development Underway (Centre Expansion)

Centre Details Sales Information2 Total GLA1 73,400 sqm Total Centre Specialties Number of Tenancies1 249 Sales Turnover per Square Metre $8,449 $12,121 Car Parking Spaces1 3,546 Occupancy Costs 11.0% 17.8% Retail Occupancy2 N/A Annual Centre Turnover $501.2m

Key Tenants1 Area (sqm) Myer 12,890 Target 6,920 Kmart 6,590 Coles 5,850 BCC Cinemas 4,690 Woolworths 3,880 Sustainability

Water Intensity Emissions Intensity Operational Waste 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 1,400 100 60% 1,200 90 80 50% 1,000 70 40% 800 60 50 30% 600 Sunshine Plaza 40 400 30 20% 20 200 10% 10 0 0 0% 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018

1. Pre-Development Impact. 2. Development impacted. Note: Sustainability data as at 31 December 2018, as presented for external assurance. 15 Westfield Penrith New South Wales

16 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 the region's only Myer department store, in addition to two discount department stores, a Hoyts Cinema complex and two supermarkets. Westfield Penrith is owned jointly with, and managed by Scentre Group.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 50% GPT Fair Value $716.3m Co-Owner 50% Scentre Group Capitalisation Rate 4.75% Acquired (by GPT) June 1971 Valuation Type Internal Asset Type Super Regional Centre Income (12 months) $35.6m Construction Completed 1971 Latest Refurbishment/Development 2005 (Major Redevelopment)

Centre Details Sales Information Total GLA 91,600 sqm Total Centre Specialties Number of Tenancies 307 Sales Turnover per Square Metre $7,864 $11,919 Car Parking Spaces 3,521 Occupancy Costs 12.3% 18.8% Retail Occupancy 99.7% Annual Centre Turnover $653.6m Key Tenants Area (sqm) Myer 20,110 Big W 8,740 Target 7,100 Hoyts 4,790 Woolworths 3,800 Aldi 1,620 Sustainability

Water Intensity Emissions Intensity Operational Waste 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) Westfield 1,700 120 50% 1,650 100 40% 1,600 80 1,550 30% Penrith 60 1,500 20% 40 1,450 10% 1,400 20 1,350 0 0% 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018

Note: Sustainability data as at 31 December 2018, as presented for external assurance. 17 Casuarina Square Northern Territory

18 Casuarina Square, Northern Territory GWSCF PORTFOLIO

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 50% GWSCF Fair Value1 $300.8m Co-Owner 50% GPT Capitalisation Rate2 5.50% Acquired (by GWSCF) June 2012 Valuation Type Independent Asset Type Regional Centre Construction Completed 1973 Latest Refurbishment/Development 2016 (Entertainment and Leisure Precinct)

Key Tenants Area (sqm) Kmart 7,450 Big W 6,130 Woolworths 5,020 BCC Cinemas 4,120 Water intensity Emissions intensity (litres/m2) Coles 3,750 (litres/m2) Sustainability

Water Intensity Emissions Intensity Operational Waste 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 3,000 120 30%

2,500 100 25%

2,000 80 20% Casuarina 1,500 60 15%

1,000 40 10%

500 20 5%

0 0 0% 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018

1. Includes retail and student accommodation. 2. Retail component only. Note: Sustainability data as at 31 December 2018, as presented for external assurance. 19 Chirnside Park Victoria

20 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 31 December 2018

General Current Valuation Ownership Interest 100% GWSCF Fair Value $308.7m Acquired (by GWSCF) March 2007 Capitalisation Rate 5.50% Asset Type Regional Centre Valuation Type Internal Construction Completed 1979 Latest Refurbishment/Development 2017 (Existing Centre Upgrades)

Centre Details Sales Information Total GLA 37,800 sqm Total Centre Specialties Number of Tenancies 117 Sales Turnover per Square Metre $8,707 $12,454 Car Parking Spaces 2,045 Occupancy Costs 7.4% 15.2% Retail Occupancy 100% Annual Centre Turnover $300.6m Key Tenants Area (sqm) Kmart 8,250 Target 4,770 Woolworths 4,180 Reading Cinemas 3,500 Coles 3,290 Aldi 1,520

Sustainability

Water Intensity Emissions Intensity Operational Waste 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 1,200 70 40% 35% 1,000 60 50 30% 800 Chirnside Park 25% 40 600 20% 30 15% 400 20 10% 200 10 5% 0 0 0% 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018

Note: Sustainability data as at 31 December 2018, as presented for external assurance. 21 Highpoint Shopping Centre Victoria

22 Highpoint Shopping Centre, Victoria GWSCF PORTFOLIO

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 over 460 stores including western Melbourne’s first David Jones, as well as several international retailers including Zara, Apple, Uniqlo and Sephora. The centre provides an exciting retail experience for customers and provides the western region of Melbourne with an extensive retail, entertainment and lifestyle offer.

Key Metrics as at 31 December 2018 General Current Valuation Ownership Interest 83.33% GWSCF Fair Value $2,175.0m Co-Owner 16.67% GPT Capitalisation Rate 4.13% Acquired (by GWSCF) March 2007 Valuation Type Independent Asset Type Super Regional Centre Construction Completed 1975 Latest Refurbishment/Development 2015 (Entertainment and Dining Precinct)

Centre Details Sales Information Total GLA 152,500 sqm Total Centre Specialties Number of Tenancies 468 Car Parking Spaces 7,341 Sales Turnover per Square Metre $7,336 $11,355 Retail Occupancy 99.8% Occupancy Costs 13.2% 19.0% Annual Centre Turnover $1,022.4m Key Tenants Area (sqm) Myer 19,120 David Jones 13,760 Target 9,920 Hoyts 9,030 Big W 8,160 Woolworths 4,240

Sustainability Water Intensity Emissions Intensity Operational Waste 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 1,200 100 40% 90 35% 1,000 80 30% 800 70 60 25% 600 50 20% Highpoint ShpCntr 40 15% 400 30 10% 200 20 10 5% 0 0 0% 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018

Note: Sustainability data as at 31 December 2018, as presented for external assurance. 23 Macarthur Square New South Wales

24 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, three supermarkets, a variety of specialty stores and a cinema entertainment offer. In July 2015, the co-owners commenced a $240 million re-development of the centre, adding approximately 16,000 square metres to the property including a new full line Coles, Aldi, Harris Scarfe and H&M, in addition to refurbished David Jones, Woolworths and Target stores. The development added approximately 45 specialty stores, a fresh food market hall, new dining offer and improved car parking. The main extension opened in March 2017. Macarthur Square is jointly owned with Australian Prime Property Fund Retail and is managed by Lendlease.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 50% GWSCF Fair Value $614.5m Co-Owner 50% Australian Prime Property Fund Retail Capitalisation Rate 4.75% Acquired (by GWSCF) March 2007 Valuation Type Internal Asset Type Super Regional Centre Construction Completed 1979 Sales Information1 Latest Refurbishment/Development 2017 (Centre Expansion) Total Centre Specialties Sales Turnover per Square Metre $5,907 $8,904 Centre Details Occupancy Costs 11.9% 17.6% Total GLA 107,600 sqm Annual Centre Turnover $565.9m Number of Tenancies 352 Car Parking Spaces 4,142 Key Tenants Retail Occupancy1 98.1% Area (sqm) Big W 8,790 David Jones 6,900 Event Cinemas 6,090 Target 4,450 Coles 4,560 Woolworths 4,190 Aldi 1,510

Sustainability

Water Intensity Emissions Intensity Operational Waste 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 1,400 100 40% 90 1,200 35% 80 30% 1,000 70 25% 800 60 Macarthur Square 50 20% 600 40 15% 30 400 10% 20 200 10 5% 0 0 0% 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018

1. Development Impacted. Note: Sustainability data as at 31 December 2018, as presented for external assurance. 25 Northland Shopping Centre Victoria

26 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 is supported by above average household income levels, continued infill and high density development which will continue to drive future population growth. Northland Shopping Centre is jointly owned with, and managed by Vicinity Centres.

Key Metrics as at 31 December 2018 General Current Valuation Ownership Interest 50% GWSCF Fair Value $504.0m Co-Owner 50% Vicinity Centres Capitalisation Rate 5.25% Acquired (by GWSCF) May 2014 Valuation Type Internal Asset Type Super Regional Centre Construction Completed 1966 Latest Refurbishment/Development 2014 (Centre Expansion)

Centre Details Sales Information Total GLA 98,600 sqm Total Centre Specialties Number of Tenancies 296 Sales Turnover per Square Metre $6,058 $8,976 Car Parking Spaces 4,640 Occupancy Costs 12.3% 18.8% Retail Occupancy 99.5% Annual Centre Turnover $541.9m Key Tenants Area (sqm) Myer 18,510 Target 6,890 Kmart 6,500 Hoyts 6,180 Coles 4,220 Woolworths 4,030 Aldi 1,500 Sustainability

Water Intensity Emissions Intensity Operational Waste 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 1,000 140 40% 900 120 35% 800 30% 700 100 25% 600 80 NORTHLAND 500 20% 60 400 15% 300 40 10% 200 20 100 5% 0 0 0% 2016 2017 2018 2016 2017 2018 2016 2017 2018

Note: Sustainability data as at 31 December 2018, as presented for external assurance. 27 Norton Plaza New South Wales

28 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 and Harris Farm Market.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GWSCF Fair Value $149.3m Acquired (by GWSCF) November 2007 Capitalisation Rate 5.50% Asset Type Neighbourhood Centre Valuation Type Independent Construction Completed late 1990s and 2000

Centre Details Sales Information Total GLA 11,800 sqm Total Centre Specialties Number of Tenancies 50 Sales Turnover per Square Metre $13,935 $11,538 Car Parking Spaces 460 Occupancy Costs 7.0% 15.0% Retail Occupancy 100.0% Annual Centre Turnover $119.1m Key Tenants Area (sqm) Coles 3,770

Sustainability

Water Intensity Emissions Intensity Operational Waste 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 1,600 100 60% 1,400 90 80 50% 1,200 70 40% 1,000 60 NORTON 800 50 30% 600 40 30 20% 400 20 10% 200 10 0 0 0% 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018

Note: Sustainability data as at 31 December 2018, as presented for external assurance. 29 Parkmore Shopping Centre Victoria

30 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 close to 130 stores.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GWSCF Fair Value $264.1m Acquired (by GWSCF) March 2007 Capitalisation Rate 6.00% Asset Type Regional Centre Valuation Type Internal Construction Completed 1973 Latest Refurbishment/Development 2007 (Centre Expansion)

Centre Details Sales Information Total GLA 36,800 sqm Total Centre Specialties Number of Tenancies 127 Sales Turnover per Square Metre $7,807 $9,704 Car Parking Spaces 2,648 Occupancy Costs 7.9% 14.7% Retail Occupancy 99.9% Annual Centre Turnover $266.2m

Key Tenants Area (sqm) Kmart 8,390 Big W 6,670 Coles 3,850 Woolworths 3,490

Sustainability

Water Intensity Emissions Intensity Operational Waste 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 1,000 140 50% 900 45% 120 800 40% 700 100 35% 600 80 30% Parkmore Shp Cntr 500 25% 400 60 20% 300 40 15% 200 10% 20 100 5% 0 0 0% 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018

Note: Sustainability data as at 31 December 2018, as presented for external assurance. 31 Wollongong Central New South Wales

32 Wollongong Central, New South Wales GWSCF PORTFOLIO

Wollongong Central is located in the CBD of Wollongong, approximately 90 kilometres south of Sydney. The centre comprises over 200 tenancies including a latest format David Jones department store, Coles supermarket, a Target discount department store, H&M and over 2,000 car spaces.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GWSCF Fair Value1 $485.6m Acquired (by GWSCF) March 2007 Capitalisation Rate 5.75% Asset Type City Centre Valuation Type Internal Construction Completed 1975 Latest Refurbishment/Development 2017 (David Jones Remix)

Centre Details Sales Information2 Total GLA 54,900 sqm Total Centre Specialties Number of Tenancies 208 Sales Turnover per Square Metre $7,231 $8,751 Car Parking Spaces 2,104 Occupancy Costs 10.7% 15.5% 2 Retail Occupancy 97.9% Annual Centre Turnover $318.3m Key Tenants Area (sqm) David Jones 8,120 Coles 4,080 Target 2,640

Sustainability

Water Intensity Emissions Intensity Operational Waste 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 800 90 60% 700 80 50% 600 70 60 40% 500 GONG 50 400 30% 40 300 30 20% 200 20 10% 100 10 0 0 0% 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018 2014 2015 2016 2017 2018

1. Includes ancillary properties. 2. Development impacted. Note: Sustainability data as at 31 December 2018, as presented for external assurance. 33

2018 ANNUAL RESULT

OFFICE PORTFOLIO Australia Square 264 George Street, Sydney

36 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 5.0 star NABERS Energy rating (including Green Power) and a 3.5 star NABERS Water rating, with the Plaza achieving a 5.5 star NABERS Energy rating.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 50% GPT Fair Value $557.5m Co-Owner 50% Dexus Capitalisation Rate 4.92% Acquired (by GPT) September 1981 Valuation Type Independent Asset Quality A-Grade Income (12 months) $26.7m Construction/Refurbishment Completed 1967 / Refurbished 2004

Property Details Office Occupancy Office 51,600 sqm Actual 91.7% Retail 1,700 sqm Including Signed Leases 91.7% Car Parking Spaces 376 Including Heads of Agreement 93.0% Typical Floor Plate 1,030 sqm Office Tenant Details Key Tenants Number of Office Tenants 80 Area (sqm) WALE (by income) 3.6 years HWL Ebsworth 7,300 Ninemsn 4,130 WaterWater intensity intensity (litres/m2)(litres/m2)

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 2019201911%11% 1,0001,000 100100 70%70% 2020202023%23% 980980 9090 60%60% 2021202114%14% 960960 8080 50%50% 2022202211%11% 940940 7070 6060 2023202315%15% AusAus SquareSquare 920920 40%40% 5050 202420249%9% 900900 4040 30%30% 20252025 880880 2026202616%16% 3030 20%20% 860860 2020 20272027 10%10% 840840 1010 20282028 820820 00 0%0% 2029+2029+ 20142014 20152015 20162016 20172017 20182018 20142014 20152015 20162016 20172017 20182018 20142014 20152015 20162016 20172017 20182018

Note: Sustainability data as at 31 December 2018, as presented for third party assurance. Some tenants procure offsets for their portion of building emissions. 37 Citigroup Centre 2 Park Street, Sydney

38 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 (including Green Power) and a 4.0 star NABERS Water rating. Citigroup Centre has been awarded a 6 star Green Star – Performance rating by the Green Building Council of Australia.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 50% GPT Fair Value $762.5m Co-Owner 50% Charter Hall Office Trust Capitalisation Rate 4.88% Acquired (by GPT) December 2001 Valuation Type Independent Asset Quality Premium Grade Income (12 months) $35.9m Construction/Refurbishment Completed 2000 Property Details Office Occupancy Office 73,400 sqm Actual 99.0% Retail 500 sqm Including Signed Leases 99.0% Car Parking Spaces 270 Including Heads of Agreement 99.0% Typical Floor Plate 1,770 sqm Office Tenant Details Key Tenants Number of Office Tenants 36 Area (sqm) WALE (by income) 4.7 years Amazon Web Services 18,280 Citibank 13,280

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 201920191% 1% 680 680 80 80 90% 90% 2020202011% 11% 80% 80% 660 660 70 70 2021202112% 12% 70% 70% 640 640 60 60 2022202213% 13% 60% 60% CitigroupCitigroup 50 50 2023202325% 25% 620 620 50% 50% 40 40 2024202424% 24% 600 600 40% 40% 2025 2025 30 30 30% 30% 2026 20263% 3% 580 580 20 20 20% 20% 2027 202711% 11% 560 560 10 10 10% 10% 2028 2028 540 540 0 0 0% 0% 2029+2029+ 2014201420152015201620162017201720182018 2014201420152015201620162017201720182018 2014201420152015201620162017201720182018

Note: Sustainability data as at 31 December 2018, as presented for third party assurance. 39 MLC Centre 19 Martin Place, Sydney

40 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 fashion brands. The MLC Centre has achieved a 5.0 star NABERS Energy rating (including Green Power) and a 2.5 star NABERS Water rating.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 50% GPT Fair Value $775.0m Co-Owner 50% Dexus Capitalisation Rate 4.86% Acquired (by GPT) April 1987 Valuation Type Independent Asset Quality A-Grade Income (12 months) $32.0m Construction/Refurbishment Completed 1978 / Refurbished late 1990s and 2015

Property Details Office Occupancy Office 66,900 sqm Actual 92.7% Retail 5,600 sqm Including Signed Leases 96.0% Car Parking Spaces 308 Including Heads of Agreement 96.8% Typical Floor Plate 1,200 sqm Office Tenant Details Key Tenants Number of Office Tenants 78 Area (sqm) WALE (by income) 4.4 years Sparke Helmore 5,200 The GPT Group 3,760

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 201920195%5% 1,4001,400 100100 80%80% 2020202016%16% 1,2001,200 90 90 70%70% 80 80 2021202118%18% 60%60% MLCMLC 1,0001,000 70 70 202220229%9% 50%50% 2023202312%12% 800800 60 60 50 50 40%40% 2024202420%20% 600600 202520253%3% 40 40 30%30% 202620267%7% 400400 30 30 20%20% 20 20 202720274%4% 200200 10 10 10%10% 20282028 0 0 0 0 0%0% 2029+2029+7%7% 2014201420152015201620162017201720182018 2014201420152015201620162017201720182018 2014201420152015201620162017201720182018

Note: Sustainability data as at 31 December 2018, as presented for third party assurance. Some tenants procure offsets for their portion of building emissions. 41 Governor Phillip & Governor Macquarie Towers

1 Farrer Place, Sydney

42 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 84,700 sqm of Premium Grade office 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 Phillip Tower has achieved a 5.0 star NABERS Energy rating (including Green Power) and a 3.5 star NABERS Water rating. Governor Macquarie Tower has achieved a 4.5 star NABERS Energy rating (including Green Power) and a 3.5 star NABERS Water rating.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 25% GPT Fair Value $564.5m Co-Owners 50% Dexus, 25% APPF Commercial Capitalisation Rate 4.63% Acquired (by GPT) December 2003 Valuation Type Independent Asset Quality Premium Grade Income (12 months) $25.3m Construction/Refurbishment Completed 1993 / 1994

Property Details Office Occupancy Office 84,400 sqm Actual 98.1% Retail 300 sqm Including Signed Leases 98.1% Car Parking Spaces 654 Including Heads of Agreement 98.7% Typical Floor Plate GPT: 1,450 GMT: 1,240 Office Tenant Details Key Tenants Number of Office Tenants 101 Area (sqm) WALE (by income) 5.5 years King & Wood Mallesons 11,020 Minter Ellison 10,980

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 201920191%1% 780780 120120 70%70% 202020205%5% 760760 100100 60%60% 2021202112%12% 740 740 50%50% 2022202222%22% FarrerFarrer Pl Pl 8080 720720 202320239%9% 40% 40% 2024 2% 700700 6060 2024 2% 30%30% 2025202514%14% 680680 4040 2026202621%21% 20%20% 660660 202720274%4% 2020 640640 10%10% 202820289%9% 2029+ 620620 0 0 0%0% 2029+ 20142014 20152015 20162016 20172017 20182018 20142014 20152015 20162016 20172017 20182018 20142014 20152015 20162016 20172017 20182018

Note: Sustainability data as at 31 December 2018, as presented for third party assurance. 43 Eclipse Tower

60 Station Street, Parramatta

44 Eclipse Tower, 60 Station Street, Parramatta GPT

60 Station Street, also known as ‘Eclipse Tower’, is an A-Grade office building located approximately 22 kilometres west of the Sydney CBD in Parramatta. The property is situated in close proximity to Parramatta Square, Parramatta train station and bus interchange and Westfield Parramatta. The property comprises a 19 level modern office building with a 5.0 star NABERS Energy rating and a 4.0 star NABERS Water rating.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GPT Fair Value $278.0m Acquired (by GPT) September 2018 Capitalisation Rate 5.25% Asset Quality A-Grade Valuation Type Independent Construction/Refurbishment 2012 Income (12 months) $4.7m Property Details Office Occupancy Office 25,100 sqm Actual 100.0% Retail 600 sqm Including Signed Leases 100.0% Car Parking Spaces 145 Including Heads of Agreement 100.0% Typical Floor Plate 1,320 sqm

Office Tenant Details Key Tenants Number of Office Tenants 5 Area (sqm) WALE (by income) 3.8 years QBE 11,910 Deloitte 5,290

Lease Expiry Profile

By Income

2019 600 45 70% 2020 40 500 60% 2021 6% 35 50% 2022 67% 400 30 2023 27% 25 40% 300 2024 To be updated 20 To be updated 30% To be updated 2025 200 15 2026 20% 10 2027 100 5 10% 2028 0 0 0% 2029+ 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016

Note: Site not reported for sustainability until a full year of ownership. 45 4 Murray Rose Avenue

Sydney Olympic Park

46 4 Murray Rose Avenue, Sydney Olympic Park GPT

4 Murray Rose Avenue is an A-Grade office building comprising 15,800 sqm of accommodation over six levels. The building, which was developed by GPT in 2018 has achieved a 5 star Green Star - Design rating, and is designed to achieve a 5.0 star NABERS rating.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GPT Fair Value $125.0m Construction/Refurbishment Completed 2018 Capitalisation Rate 5.50% Asset Quality A-Grade Valuation Type Independent Construction/Refurbishment 2018 Income (12 months) $0.8m

Property Details Office Occupancy Office 15,700 sqm Actual 59.1% Retail 100 sqm Including Signed Leases 80.9% Car Parking Spaces 301 Including Heads of Agreement 80.9% Typical Floor Plate 3,010 sqm

Office Tenant Details Key Tenants Number of Office Tenants 1 Area (sqm) WALE (by income) 11.4 years NSW Rural Fire Service 9,290

Lease Expiry Profile

By Income

2019 600 45 70% 2020 40 500 60% 2021 35 50% 2022 400 30 2023 25 40% 300 2024 To be updated 20 To be updated 30% To be updated 2025 200 15 2026 20% 10 2027 100 5 10% 2028 0 0 0% 2029+ 100% 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016

Note: Site not reported for sustainability until a full year of ownership. 47 Melbourne Central Tower 360 Elizabeth Street, Melbourne

48 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 (including Green Power) and a 3.0 star NABERS Water rating.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GPT Fair Value $603.0m Acquired (by GPT) May 1999 Capitalisation Rate 5.13% Asset Quality Premium Grade Valuation Type Independent Construction/Refurbishment Completed 1991 Income (12 months) $34.9m

Property Details Office Occupancy Office 65,500 sqm Actual 99.3% Retail N/A Including Signed Leases 99.3% Car Parking Spaces N/A Including Heads of Agreement 99.3% Typical Floor Plate 1,480 sqm

Office Tenant Details Key Tenants Number of Office Tenants 41 Area (sqm) WALE (by income) 3.1 years NBN Co 14,760 Members Equity Bank 13,520

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 1 (litres/m ) (kg C02-e/m ) (% reused/recycled) 201920197% 7% 650 650 80 80 45%45% 2020202020%20% 40%40% 640 640 70 70 2021202135%35% 35%35% 630 630 60 60 202220223% 3% 30%30% MCMC Tower Tower 620 620 50 50 2023202319%19% 25%25% 610 610 40 40 202420248% 8% 20%20% 202520252% 2% 600 600 30 30 15%15% 20262026 590 590 20 20 10%10% 20272027 580 580 10 10 5% 5% 202820286% 6% 570 570 0 0 0% 0% 2029+2029+ 2014201420152015201620162017201720182018 2014201420152015201620162017201720182018 2014201420152015201620162017201720182018

Note: Sustainability data as at 31 December 2018, as presented for third party assurance. Some tenants procure offsets for their portion of building emissions. 1. Figure reflects combined Melbourne Central Tower and Melbourne Central Retail recycling service. 49 CBW 181 William and 550 Bourke Streets, Melbourne

50 CBW, 181 William and 550 Bourke 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. Both 181 William Street and 550 Bourke Street achieved 5 star Green Star ratings. 181 William Street has achieved a 5.5 star NABERS Energy rating (including Green Power) and achieved a 3.5 star NABERS Water rating. 550 Bourke Street has a 5.5 star NABERS Energy rating (including Green Power) and a 3.5 star NABERS Water rating.

Key Metrics as at 31 December 2018 General Current Valuation Ownership Interest 50% GPT Fair Value $380.0m Co-Owner 50% GWOF Capitalisation Rate 5.00% Acquired (by GPT) October 2014 Valuation Type Independent Asset Quality A-Grade Income (12 months) $21.1m 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% Typical Floor Plate 181 William: 1,920 sqm 550 Bourke: 1,510 sqm

Office Tenant Details Key Tenants Number of Office Tenants 13 Area (sqm) WALE (by income) 4.6 years IAG 26,650 Deloitte 23,080

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 700 40 30% 2019 5% 700 40 30% 2019 5% 35 2020 38% 600 35 25% 2020 38% 600 25% 2021 19% 30 2021 19% 500 30 500 20% 2022 4% 25 20% 2022 4% CBW 400 25 2023 CBW 400 2023 20 15% 2024 9% 300 20 15% 2024 9% 300 15 2025 15 10% 2025 200 10% 2026 200 10 2026 10 5% 2027 100 5 5% 2027 100 5 2028 2028 0 0 0% 2029+ 25% 0 2015 2016 2017 2018 0 2015 2016 2017 2018 0% 2016 2017 2018 2029+ 25% 2015 2016 2017 2018 2015 2016 2017 2018 2016 2017 2018

Note: Sustainability data as at 31 December 2018, as presented for third party assurance. 51 One One One Eagle Street Brisbane

52 One One One Eagle Street, Brisbane GPT

One One One Eagle Street is a Premium Grade, 63,700 sqm, 54 level office tower in Brisbane’s prime commercial ‘Golden Triangle’ precinct. The 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 – Design and 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 (including Green Power) and 4.5 star NABERS Water rating. The building uses a mixture of energy efficiency, renewable energy purchase and on-site energy generation through trigeneration to lower its greenhouse gas emissions.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 33.33% GPT Fair Value $300.0m Co-Owners 66.67% GWOF Capitalisation Rate 5.00% Acquired (by GPT) October 2008 Valuation Type Independent Asset Quality Premium Grade Income (12 months) $18.8m Construction/Refurbishment Completed 2012

Property Details Office Occupancy Office 63,700 sqm Actual 99.1% Retail 400 sqm Including Signed Leases 99.1% Car Parking Spaces 114 Including Heads of Agreement 99.1% Typical Floor Plate 1,450 sqm

Office Tenant Details Key Tenants Number of Office Tenants 23 Area (sqm) WALE (by income) 5.6 years Arrow Energy 11,970 EY 9,000

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 2019 4%4% 700 700 40 40 50%50% 2019 20202020 3%3% 35 45%45% 600 600 35 2021 19% 40%40% 2021 19% 30 30 500 500 35%35% 202220225%5% 25 25 20232023 400 400 30%30% 111111 Eagle Eagle St St 20 20 25%25% 2024202431%31% 300 300 2025202510%10% 15 15 20%20% 20266%6% 200 15%15% 2026 200 10 10 10%10% 202720274%4% 100 100 5 5 5% 5% 202820289%9% 0 0 0 0 0% 0% 2029+2029+9%9% 2014 20142015 20152016 20162017 201720182018 2014201420152015201620162017201720182018 2014201420152015201620162017201720182018

Note: Sustainability data as at 31 December 2018, as presented for third party assurance. Some tenants procure offsets for their portion of building emissions. 53 Liberty Place 161 Castlereagh Street, Sydney

54 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 – Design, As Built and Performance rating, a 5.0 star NABERS Energy rating (including Green Power) and a 4.0 star NABERS Water rating. Liberty Place was 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 31 December 2018

General Current Valuation Ownership Interest 50% GWOF Fair Value $725.0m Co-Owners 25% Blackstone, 25% ISPT Capitalisation Rate 4.50% Acquired (by GWOF) April 2010 Valuation Type Independent Asset Quality Premium Grade Construction/Refurbishment Completed 2013

Property Details Office Occupancy Office 56,500 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 1,630 sqm

Office Tenant Details Key Tenants Number of Office Tenants 9 Area (sqm) WALE (by income) 10.0 years ANZ 28,410 Herbert Smith Freehills 15,560

Sustainability Lease Expiry Profile Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 880880 4040 70%70% 20192019 860860 20202020 3535 60%60% 840840 202120213%3% 3030 820820 50%50% 20222022 LibertyLiberty Place Place 161 161 Castlereagh Castlereagh 800800 2525 2023202315%15% 780780 40%40% 2020 20242024 760760 30%30% 740740 1515 20252025 20262026 720720 1010 20%20% 20272027 700700 10%10% 680680 5 5 2028202845%45% 660660 0 0 0%0% 2029+2029+36%36% 20142014 20152015 20162016 20172017 20182018 20142014 20152015 20162016 20172017 20182018 20142014 20152015 20162016 20172017 20182018

Note: Sustainability data as at 31 December 2018, as presented for third party assurance. Some tenants procure offsets for their portion of building emissions. 55 Darling Park 1 & 2 and Cockle Bay Wharf 201 Sussex Street, Sydney

56 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 (including Green Power) and 3.5 star NABERS Water rating, with Darling Park Tower 2 achieving a 5.0 star NABERS Energy rating (including Green Power) and 3.5 star NABERS Water rating.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 50% GWOF Fair Value $969.9m Co-Owners 30% Brookfield, 20% AWOF Capitalisation Rate DP1: 5.40% Acquired (by GWOF) July 2006 DP2: 4.94% Asset Quality Premium Grade Valuation Type Internal Construction/Refurbishment Tower 1: Completed 1994 Tower 2: Completed 1999 / Refurbished 2018

Property Details Office Occupancy Office 101,800 sqm Actual DP1: 100% DP2: 34.5%1 Retail 9,800 sqm Including Signed Leases DP1: 100% DP2: 100%1 Car Parking Spaces 670 Including Heads of Agreement DP1: 100% DP2: 100%1 Typical Floor Plate 1,900 sqm

Office Tenant Details Key Tenants Number of Office Tenants 12 Area (sqm) WALE (by income) CBA 52,200 DP1: 3.0 years DP2: 9.3 years1 IAG 30,670

Sustainability Lease Expiry Profile1 Water Intensity Emissions Intensity Operational Waste By Income (litres/m2) (kg C0 -e/m2) (% reused/recycled) 2 20195%5% 1,0001,000 4040 70%70% 2019 2020202034%34% 6% 6% 900900 35 35 60%60% 2021 33% 800800 2021 33% DP 1&2 3030 2022 34% 2% DP 1&2 700700 50%50% 2022 34% 2% 9% 600600 2525 20232023 9% 40%40% 9% 500500 2020 20242024 9% 30%30% 20252025 400400 1515 300300 20% 20262026 1010 20% 200200 20272027 10%10% 100100 5 5 202820284% 4% 0 0 0 0 0%0% 2029+2029+66%66% 20142014 20152015 20162016 20172017 20182018 20142014 20152015 20162016 2017201720182018 2014201420152015201620162017201720182018 DP1DP1 DP2 DP2

Note: Sustainability data as at 31 December 2018, as presented for third party assurance. Some previous tenants procured offsets for their portion of building emissions. 1. The future IAG lease has been included in the lease expiry profile. 57 Darling Park 3 201 Sussex Street, Sydney

58 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. Tower 3 has achieved a 5.0 star NABERS Energy rating (including Green Power) and a 3.5 star NABERS Water rating.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GWOF Fair Value $550.1m Acquired (by GWOF) July 2006 Capitalisation Rate 5.06% Asset Quality Premium Grade Valuation Type Internal Construction/Refurbishment Completed 2005 / Refurbished 2017

Property Details Office Occupancy Office 29,800 sqm Actual 100.0% Retail 30 sqm Including Signed Leases 100.0% Car Parking Spaces 137 Including Heads of Agreement 100.0% Typical Floor Plate 1,500 sqm

Office Tenant Details Key Tenants Number of Office Tenants 8 Area (sqm) WALE (by income) 6.8 years Rabobank 7,560 Dimension Data 5,990

Sustainability Lease Expiry Profile Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 800 800 60 60 90%90% 20192019 20202020 700 700 80%80% 50 50 2021202119%19% 70%70% 600 600 20222022 DPDP 3 3 40 40 60%60% 500 500 20232023 50%50% 20% 400 400 30 30 2024202420% 40%40% 20252025 300 300 20 20 30%30% 2026202630%30% 200 200 20%20% 202720275%5% 10 10 100 100 10%10% 2028202826%26% 0 0 0 0 0%0% 2029+2029+ 2014201420152015201620162017201720182018 2014201420152015201620162017201720182018 2014201420152015201620162017201720182018

Note: Sustainability data as at 31 December 2018, as presented for third party assurance. 59 580 George Street Sydney

60 580 George Street, Sydney GWOF

580 George Street 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. The recently completed foyer refurbishment provides a dramatic new office entry area and prime George Street retail space. 580 George Street has achieved a 5.0 star NABERS Energy rating (including Green Power) and a 3.0 star NABERS Water rating.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GWOF Fair Value $622.0m Acquired (by GWOF) July 2006 Capitalisation Rate 5.00% Asset Quality A-Grade Valuation Type Independent Construction/Refurbishment Completed 1988 / Refurbished 2002 / 2015

Property Details Office Occupancy Office 37,000 sqm Actual 94.2% Retail 4,400 sqm Including Signed Leases 96.5% Car Parking Spaces 141 Including Heads of Agreement 99.8% Typical Floor Plate 1,300 sqm

Office Tenant Details Key Tenants Number of Office Tenants 30 Area (sqm) WALE (by income) 4.9 years Arcadis Australia 4,260

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 2%2% 900900 9090 60%60% 20192019 2020202011%11% 800800 8080 50%50% 2021202112%12% 700700 7070 2022202212%12% 580580 GeorgeGeorge StSt 600 60 40% 600 60 40% 2023202319%19% 500500 5050 2024 18% 30%30% 2024 18% 400 40 5% 400 40 20252025 5% 300300 3030 20%20% 20262026 2%2% 200200 2020 2027202718%18% 10%10% 100100 1010 20282028 2029+ 2% 00 00 0%0% 2029+ 2% 2014 2015 2016 20172017 20182018 20142014 20152015 20162016 20172017 20182018 20142014 20152015 20162016 20172017 20182018

Note: Sustainability data as at 31 December 2018, as presented for third party assurance. Some tenants procure offsets for their portion of building emissions. 61 workplace6 48 Pirrama Road, Sydney

62 workplace6, 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 a 6 star Green Star – Design and As Built rating, and has achieved a 5.5 star NABERS Energy rating (including Green Power) and a 4.5 star NABERS Water rating.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GWOF Fair Value $285.0m Acquired (by GWOF) December 2007 Capitalisation Rate 5.38% Asset Quality A-Grade Valuation Type Independent 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 3,620 sqm

Office Tenant Details Key Tenants Number of Office Tenants 1 Area (sqm) WALE (by income) 4.2 years Google Australia 16,300

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income (litres/m2) (kg C0 -e/m2) (% reused/recycled) 800800 6060 2 60%60% 20192019 20202020 700700 5050 50%50% 20212021 600600 20222022 workplace6workplace6 4040 40%40% 500500 20232023100%100% 400400 3030 30%30% 20242024100%100% 20252025 300300 2020 20%20% 20262026 200200 20272027 1010 10%10% 100100 20282028 0 0 0 0 0%0% 2029+2029+ 20142014 20152015 20162016 20172017 20182018 20142014 20152015 20162016 20172017 20182018 20142014 20152015 20162016 20172017 20182018

Note: Sustainability data as at 31 December 2018, as presented for third party assurance. 63 2 Southbank Boulevard Melbourne

64 2 Southbank Boulevard, Melbourne GWOF

2 Southbank Boulevard is located on the Southbank of the Yarra River in Melbourne. The A-Grade office tower boasts a brand new contemporary 6 star lobby completed in January 2018. The tower also benefits from a piazza which includes a retail area incorporating a café and a supermarket. The tower comprises 37 levels with approximately 53,400 sqm of office accommodation providing CBD and water views. 2 Southbank Boulevard has a 6 star Green Star – Performance rating, a 4.5 star NABERS Energy rating (including Green Power) and a 3.5 star NABERS Water rating.

Key Metrics as at 31 December 2018 General Current Valuation Ownership Interest 50% GWOF Fair Value $294.6m Co-Owner 50% Frasers Property Australia Capitalisation Rate 5.00% Acquired (by GWOF) June 2014 Valuation Type Internal Asset Quality A-Grade Construction/Refurbishment Completed 2008 / Refurbished 2018

Property Details Office Occupancy Office 53,400 sqm Actual 94.5% Retail 1,500 sqm Including Signed Leases 94.5% Car Parking Spaces 541 Including Heads of Agreement 94.5% Typical Floor Plate 1,860 sqm

Office Tenant Details Key Tenants Number of Office Tenants 24 Area (sqm) WALE (by income) 6.2 years AusNet Services 8,110 CUB 6,390

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 201920195%5% 600600 45 45 70%70% 2020202014%14% 40 40 500500 60%60% 202120214%4% 35 35 50% 2022202212%12% 400 30 50% 22 Southbank Southbank Blvd Blvd 400 30 202320234%4% 25 25 40%40% 2024 15% 300300 2024 15% 20 20 30%30% 2025202512%12% 200200 15 15 20262026 20%20% 10 10 20272027 100100 10% 5 5 10% 2028202816%16% 0 0 0 0 0%0% 2029+2029+17%17% 20152015201620162017201720182018 20152015201620162017201720182018 20152015201620162017201720182018

Note: Sustainability data as at 31 December 2018, as presented for third party assurance. Some tenants procure offsets for their portion of building emissions.

65 8 Exhibition Street Melbourne

66 8 Exhibition Street, Melbourne GWOF

Located at the East or ‘Paris’ end of Melbourne’s CBD, 8 Exhibition Street is a 44,800 sqm 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 (including GreenPower) and 3.5 star NABERS Water rating.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 50% GWOF Fair Value $267.8m Co-Owner 50% KREIT Capitalisation Rate 4.88% Acquired (by GWOF) April 2013 Valuation Type Internal Asset Quality Premium Grade Construction/Refurbishment Completed 2005

Property Details Office Occupancy Office 44,500 sqm Actual 98.9% Retail 300 sqm Including Signed Leases 98.9% Car Parking Spaces 0 Including Heads of Agreement 98.9% Typical Floor Plate 1,620 sqm

Office Tenant Details Key Tenants Number of Office Tenants 18 Area (sqm) WALE (by income) 4.8 years EY 14,940 State of Victoria 4,840

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 201920196%6% 500500 90 90 70%70% 20202020 80 80 60%60% 202120216%6% 400400 70 70 50% 2022202240%40% 60 50% 60 2023202312%12% 8 Exhibition St 300300 40% 8 Exhibition St 50 50 40% 202420249%9% 40 40 30% 2025 11% 200200 30% 2025 11% 30 30 202620265%5% 20%20% 2027 11% 100100 20 20 2027 11% 10% 10 10 10% 20282028 2029+ 0 0 0 0 0%0% 2029+ 2014201420152015201620162017201720182018 2014201420152015201620162017201720182018 20152015 20162016 20172017 20182018

Note: Sustainability data as at 31 December 2018, as presented for third party assurance. Some tenants procure offsets for their portion of building emissions. 67 100 Queen Street Melbourne

68 100 Queen Street, Melbourne GWOF

100 Queen Street is the former headquarters of the ANZ Banking Group which incorporates 100 Queen Street comprising a 35 level A-Grade office tower flanked by three integrated heritage buildings known as 380 Collins Street (five level former Stock Exchange Building), 90 Queen Street (seven level Safe Deposit Building) and 388 Collins Street (five level ANZ Branch building). The property is located on the corner of Collins and Queen Streets, within the Western Core of the Melbourne CBD. The property benefits from a central Collins Street location and is situated within close proximity to the retail core and nearby transport linkages. 100 Queen Street has a 3.0 star NABERS Energy rating and a 2.0 star NABERS Water rating.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GWOF Fair Value $285.0m Acquired (by GWOF) December 2016 Capitalisation Rate 5.00% Asset Quality A-Grade Valuation Type Independent Construction/Refurbishment Completed 1993 (Office Tower)

Property Details Office Occupancy Office 34,900 sqm Actual 100.0% Retail 1,400 sqm Including Signed Leases 100.0% Car Parking Spaces 81 Including Heads of Agreement 100.0% Typical Floor Plate 935 sqm

Office Tenant Details Key Tenants Number of Office Tenants 1 Area (sqm) WALE (by income) 0.5 years ANZ 34,900

Lease Expiry Profile

By Income 100% 600 45 70% 2019 40 2020 500 60% 2021 35 50% 2022 400 30 2023 25 40% 300 2024 To be updated 20 To be updated 30% To be updated 2025 200 15 20% 2026 10 2027 100 5 10% 2028 0 0 0% 2029+ 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016

Note: No sustainability data reported as site is under external management and asset is scheduled for redevelopment. 69 150 Collins Street Melbourne

70 150 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 20,100 sqm of office and retail space. 150 Collins Street has achieved a 6 star Green Star – Design and As Built rating, a 5.0 star NABERS Energy rating (including Green Power) and a 4.0 star NABERS Water rating.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GWOF Fair Value $250.3m Acquired (by GWOF) July 2012 Capitalisation Rate 4.88% Asset Quality A-Grade Valuation Type Internal Construction/Refurbishment Completed 2014

Property Details Office Occupancy Office 19,100 sqm Actual 100.0% Retail 1,000 sqm Including Signed Leases 100.0% Car Parking Spaces 143 Including Heads of Agreement 100.0% Typical Floor Plate 1,520 sqm

Office Tenant Details Key Tenants Number of Office Tenants 5 Area (sqm) WALE (by income) 7.5 years Westpac Group 14,600 VECCI 2,800

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 2019 2019 700 700 16 16 45% 45% 2020 2020 14 40% 40% 600 600 14 2021 2021 35% 12 35% 2022 500 500 12 2022 30% 30% 10 10 2023 20235% 5% 400 400 25% 25% 2024 2% 8 8 2024 2% 300 300 20% 20% 2025 14%2025 14% 6 6 15% 15% 2026 79%2026 79% 200 200 4 4 10% 10% 2027 2027 100 100 2 2 5% 5% 2028 2028 2029+ 0 0 0 0 0% 0% 2029+ 2015 20152016 20162017 20172018 2018 2015 20152016 20162017 20172018 2018 2015 20152016 20162017 20172018 2018

Note: Sustainability data as at 31 December 2018, as presented for third party assurance. Some tenants procure offsets for their portion of building emissions. 71 530 Collins Street Melbourne

72 530 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 (including Green Power) and a 3.0 star NABERS Water rating.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GWOF Fair Value $676.0m Acquired (by GWOF) July 2006 Capitalisation Rate 5.00% Asset Quality Premium Grade Valuation Type Independent Construction/Refurbishment Completed 1991 / Refurbished 2009

Property Details Office Occupancy Office 65,700 sqm Actual 89.3% Retail 1,600 sqm Including Signed Leases 89.3% Car Parking Spaces 304 Including Heads of Agreement 89.3% Typical Floor Plate Tower: 1,260 sqm Podium: 3,510 sqm Office Tenant Details Key Tenants Number of Office Tenants 27 Area (sqm) WALE (by income) 4.4 years Suncorp 15,450 Australian Energy Market Operator 5,280

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 201920191%1% 600 600 80 80 70%70% 2020202011%11% 70 70 500 500 60%60% 2021202114%14% 60 60 50%50% 2022202210%10% 400 400 50 50 2023202348%48% 530530 Collins Collins 40%40% 2024 5% 300 300 40 40 2024 5% 30%30% 20252025 30 30 200 200 202620262%2% 20%20% 20 20 202720271%1% 100 100 10 10 10%10% 20282028 2029+ 7% 0 0 0 0 0% 0% 2029+ 7% 2014201420152015201620162017201720182018 2014201420152015201620162017201720182018 2014201420152015201620162017201720182018

Note: Sustainability data as at 31 December 2018, as presented for third party assurance. Some tenants procure offsets for their portion of building emissions. 73 655 Collins Street Melbourne

74 655 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 achieved a 5 star Green Star - Design and As Built Rating, a 4.5 star NABERS Energy rating (including Green Power) and a 3.0 star NABERS Water rating.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GWOF Fair Value $155.9m Acquired (by GWOF) May 2014 Capitalisation Rate 4.75% Asset Quality A-Grade Valuation Type Internal 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) WALE (by income) 10.9 years The Age 16,620

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 20192019 700700 70 70 40%40% 20202020 600 60 35% 600 60 35% 20212021 30% 2022 655655 Collins Collins St St 500500 50 50 30% 2022 25%25% 20232023 400400 40 40 2024 20%20% 2024 300300 30 30 20252025 15%15% 20262026 200200 20 20 10% 10% 20272027 100 10 100 10 5%5% 20282028 2029+ 100% 0 0 0 0 0%0% 2029+ 100% 20152015201620162017201720182018 20152015201620162017201720182018 20152015201620162017201720182018

Note: Sustainability data as at 31 December 2018, as presented for third party assurance. 75 750 Collins Street Melbourne

76 750 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 square metre site on the corner of Collins Street and Batmans Hill Drive. The property comprises a 10 level campus-style building with super-sized floor plates of approximately 5,660 square metres, featuring excellent natural light to each elevation. 750 Collins Street has achieved a 5 star Green Star - Design and As Built Rating, a 5.0 star NABERS Energy rating (including Green Power) and a 4.5 star NABERS Water rating.

Key Metrics as at 31 December 2018 General Current Valuation Ownership Interest 100% GWOF Fair Value $290.2m Acquired (by GWOF) May 2014 Capitalisation Rate 4.75% Asset Quality A-Grade Valuation Type Internal Construction/Refurbishment Completed 2007

Property Details Office Occupancy Office 37,300 sqm Actual 100.0% Retail 3,200 sqm Including Signed Leases 100.0% Car Parking Spaces 422 Including Heads of Agreement 100.0% Typical Floor Plate 5,660 sqm Office Tenant Details Key Tenants Number of Office Tenants 1 Area (sqm) WALE (by income) 16.8 years1 AMP 37,250

Sustainability Lease Expiry Profile1

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 20192019 450450 50 50 50%50% 20202020 400400 45 45 45%45% 40 40% 20212021 350350 40 40% 35 35% 20222022 300300 35 35% 2023 30 30 30%30% 2023 750750 Collins Collins St St 250250 2024 25 25 25%25% 2024 200200 2025 20 20 20%20% 2025 150 2026 150 15 15 15%15% 2026 100 2027 100 10 10 10%10% 2027 2028 50 50 5 5 5%5% 2028 2029+ 100% 0 0 0 0 0%0% 2029+ 100% 20152015201620162017201720182018 20152015201620162017201720192019 20152015201620162017201720182018

1. The future Monash College lease of 41,400 sqm has been included in the lease expiry profile. Note: Sustainability data as at 31 December 2018, as presented for third party assurance. 77 CBW 181 William and 550 Bourke Streets, Melbourne

78 CBW, 181 William and 550 Bourke 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. Both 181 William Street and 550 Bourke Street achieved 5 star Green Star ratings. 181 William Street has achieved 5.5 star NABERS Energy rating (including Green Power) and a 3.5 star NABERS Water rating. 550 Bourke Street has achieved a 5.5 star NABERS Energy rating (including Green Power) and a 3.5 star NABERS Water rating.

Key Metrics as at 31 December 2018 General Current Valuation Ownership Interest 50% GWOF Fair Value $380.0m Co-Owner 50% GPT Capitalisation Rate 5.00% Acquired (by GWOF) October 2014 Valuation Type Independent Asset Quality A-Grade 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 13 Area (sqm) WALE (by income) 4.6 years IAG 26,650 Deloitte 23,080

Sustainability Lease Expiry Profile

Note: Sustainability data as at 31 December 2018, as presented for third party assurance. 79 800/808 Bourke Street Melbourne

80 800/808 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 (including Green Power) and 3.5 star NABERS Water rating, and was the first building to be rated using the Green Star Performance Pilot.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GWOF Fair Value $586.0m Acquired (by GWOF) July 2006 Capitalisation Rate 4.88% Asset Quality A-Grade Valuation Type Independent 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) WALE (by income) 8.6 years NAB 59,620

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income (litres/m2) (kg C0 -e/m2) (% reused/recycled) 2 20192019 580580 10 10 50%50% 20202020 9 9 45%45% 570 20212021 800800 & & 808 808 570 8 8 40%40% 20222022 7 7 35%35% 560560 20232023 6 6 30%30% 2024 550550 5 5 25%25% 2024 2025 4 4 20%20% 2025 540 2026 540 3 3 15%15% 2026 2027 2 2 10%10% 2027 100%100% 530530 2028 1 1 5%5% 2028 520520 0 0 0%0% 2029+2029+ 20142014 20152015 20162016 20172017 20182018 2014201420152015 201620162017201720182018 2014201420152015201620162017201720182018

Note: Sustainability data as at 31 December 2018, as presented for third party assurance. Some tenants procure offsets for their portion of building emissions.

81 One One One Eagle Street Brisbane

82 One One One Eagle Street, Brisbane GWOF

One One One Eagle Street is a Premium Grade, 63,700 sqm, 54 level office tower in Brisbane’s prime commercial ‘Golden Triangle’ precinct. The 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 – Design and 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. The building uses a mixture of energy efficiency, renewable energy purchase and on-site energy generation through trigeneration to lower its greenhouse gas emissions.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 66.67% GWOF Fair Value $600.0m Co-Owners 33.33% GPT Capitalisation Rate 5.00% Acquired (by GWOF) October 2008 (33.33%) and December 2016 (33.33%) Valuation Type Independent Asset Quality Premium Grade Construction/Refurbishment Completed 2012

Property Details Office Occupancy Office 63,700 sqm Actual 99.1% Retail 400 sqm Including Signed Leases 99.1% Car Parking Spaces 114 Including Heads of Agreement 99.1% Typical Floor Plate 1,450 sqm

Office Tenant Details Key Tenants Number of Office Tenants 23 Area (sqm) WALE (by income) 5.6 years Arrow Energy 11,970 EY 9,000

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 4% 4% 700 700 40 40 50% 50% 2019 2019 3% 3% 45% 45% 2020 2020 600 600 35 35 40% 40% 2021 202119% 19% 30 30 500 500 35% 35% 2022 20225% 5% 25 25 2023 2023 400 400 30% 30% 111111 Eagle Eagle St St 20 20 25% 25% 2024 202431% 31% 300 300 2025 202510% 10% 15 15 20% 20% 15% 15% 2026 20266% 6% 200 200 10 10 10% 10% 2027 20274% 4% 100 100 5 5 5% 5% 2028 20289% 9% 0 0 0 0 0% 0% 2029+2029+9% 9% 2014 20142015 20152016 20162017 20172018 2018 2014 20142015 20152016 20162017 20172018 2018 2014 20142015 20152016 20162017 20172018 2018

Note: Sustainability data as at 31 December 2018, as presented for third party assurance. Some tenants procure offsets for their portion of building emissions. 83 Riverside Centre 123 Eagle Street, Brisbane

84 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 490 cars and an open plaza surrounded by retail accommodation. The building has recently been refurbished, including new lobby and landscaped plaza, vertical transport upgrade and major mechanical services upgrade. The Riverside Centre has a 5.0 star NABERS Energy rating (including Green Power) and a 3.5 star NABERS Water rating.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GWOF Fair Value $693.6m Acquired (by GWOF) July 2006 Capitalisation Rate 5.13% Asset Quality Premium Grade Valuation Type Internal Construction/Refurbishment Completed 1986 / Refurbished 2017

Property Details Office Occupancy Office 51,500 sqm Actual 77.5% Retail 4,500 sqm Including Signed Leases 83.8% Car Parking Spaces 497 Including Heads of Agreement 87.4% Typical Floor Plate 1,500 sqm

Office Tenant Details Key Tenants Number of Office Tenants 38 Area (sqm) WALE (by income) 6.6 years Deloitte 6,830 Grocon 6,660

Sustainability Lease Expiry Profile

Water Intensity Emissions Intensity Operational Waste By Income 2 2 (litres/m ) (kg C02-e/m ) (% reused/recycled) 201920195% 5% 1,2001,200 90 90 70%70% 202020209% 9% 80 80 60% 1,0001,000 60% 202120219% 9% Riverside 70 70 Riverside 50% 202220224% 4% 800 60 50% 800 60 202320235% 5% 50 40%40% 600 50 202420245% 5% 600 40 40 30%30% 2025202520%20% 400400 30 30 202620265% 5% 20%20% 20 20 202720271% 1% 200200 10% 2028 21% 10 10 10% 2028 21% 2029+ 16% 0 0 0 0 0% 0% 2029+ 16% 2014201420152015201620162017201720182018 2014201420152015201620162017201720182018 2014201420152015201620162017201720182018

Note: Sustainability data as at 31 December 2018, as presented for third party assurance. Some tenants procure offsets for their portion of building emissions. 85

2018 ANNUAL RESULT

LOGISTICS PORTFOLIO 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 31 December 2018

General Current Valuation Ownership Interest 100% GPT Fair Value $86.0m Acquired (by GPT) May 1998 Capitalisation Rate 5.75% Valuation Type Independent Income (12 months) $5.9m

Property Details GLA 41,900 sqm Site Area 79,700 sqm Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0% WALE (by income) 1.8 years

88 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 31 December 2018

General Current Valuation Ownership Interest 100% GPT Fair Value $33.3m Acquired (by GPT) August 2012 Capitalisation Rate 5.75% Valuation Type Independent Income (12 months) $2.7m

Property Details GLA 15,100 sqm Site Area 30,200 sqm Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0% WALE (by income) 1.5 years

89 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 31 December 2018

General Ownership Interest 100% GPT Developed (by GPT) June 2015

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 Actual 100.0% 100.0% 100.0% 100.0% 100.0% Including Signed Leases 100.0% 100.0% 100.0% 100.0% 100.0% Including Heads of Agreement 100.0% 100.0% 100.0% 100.0% 100.0% WALE (by income) 10.5 years 16.1 years 16.5 years 3.1 years 11.0 years

Current Valuation Fair Value $65.0m $107.0m $152.0m $26.0m $104.5m Capitalisation Rate 5.25% 5.25% 5.50% 5.75% 5.25% Valuation Type Independent Independent Independent Independent Independent Income (12 months) $3.8m $5.9m $10.6m $1.9m $5.7m

90 407 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 18,400 sqm of modern office, warehouse and cold storage.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 50% GPT Fair Value $30.5m Co-Owner Austrak (50%) Capitalisation Rate 6.25% Acquired (by GPT) October 2008 Valuation Type Independent Income (12 months) $2.6m Property Details GLA 18,400 sqm Site Area 46,100 sqm Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0% WALE (by income) 5.9 years

91 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 31 December 2018

General Current Valuation Ownership Interest 100% GPT Fair Value $35.5m Acquired (by GPT) March 2006 Capitalisation Rate 6.25% Valuation Type Independent Income (12 months) $2.2m

Property Details GLA 7,400 sqm Site Area 6,800 sqm Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0% WALE (by income) 7.7 years

92 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 the site now features 142 car spaces.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GPT Fair Value $40.0m Acquired (by GPT) August 2012 Capitalisation Rate 5.50% Valuation Type Independent Income (12 months) $2.3m

Property Details GLA 17,000 sqm Site Area 31,900 sqm Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0% WALE (by income) 7.0 years

93 Sydney Olympic Park Town Centre, NSW GPT

The Sydney Olympic Park Town Centre 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 31 December 2018

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 Actual 100.0% 100.0% 100.0% 100.0% 100.0% Including Signed Leases 100.0% 100.0% 100.0% 100.0% 100.0% Including Heads of Agreement 100.0% 100.0% 100.0% 100.0% 100.0% WALE (by income) 1.0 years 4.9 years 0.7 years 3.1 years 5.1 years

Current Valuation Fair Value $28.5m $31.0m $29.8m $15.5m $16.7m Capitalisation Rate N/A 7.00% N/A N/A N/A Valuation Type Independent Independent Independent Independent Independent Income (12 months) $2.1m $2.3m $0.3m $0.1m $0.8m

94 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 5.5 Star NABERS Water rating.

Key Metrics as at 31 December 2018

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

Property Details Current Valuation Quad 1 Quad 4 Quad 1 Quad 4 NLA 4,700 sqm 8,100 sqm Fair Value $28.0m $58.0m Site Area 9,400 sqm 8,000 sqm Capitalisation Rate 6.50% 5.75% Actual 100.0% 100.0% Valuation Type Independent Independent Including Signed Leases 100.0% 100.0% Income (12 months) $2.0m $3.4m Including Heads of Agreement 100.0% 100.0% WALE (by income) 3.1 years 11.2 years

95 372–374 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 31 December 2018

General Current Valuation Ownership Interest 100% GPT Fair Value $26.5m Acquired (by GPT) July 2006 Capitalisation Rate 6.50% Valuation Type Independent Income (12 months) $2.0m

Property Details GLA 20,500 sqm Site Area 41,700 sqm Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0% WALE (by income) 1.1 years

96 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 31 December 2018

General Current Valuation Ownership Interest 100% GPT Fair Value $61.0m Acquired (by GPT) November 2013 Capitalisation Rate 6.13% Valuation Type Independent Income (12 months) $3.9m

Property Details GLA 33,200 sqm Site Area 73,900 sqm Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0% WALE (by income) 1.2 years

97 18-24 Abbott Road, Seven Hills, NSW GPT

This modern warehouse facility was developed by GPT and completed in April 2017. The asset is well located, being less than one kilometre from the M2/M7 motorway.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GPT Fair Value $39.3m Developed (by GPT) April 2017 Capitalisation Rate 5.50% Valuation Type Independent Income (12 months) $2.2m

Property Details GLA 18,100 sqm Site Area 40,500 sqm Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0% WALE (by income) 5.7 years

98 1A Huntingwood Drive, Huntingwood, NSW GPT

The property is located on the corner of Huntingwood Drive and Great Western Highway. Acquired by GPT as a vacant possession site in 2016, the facility has been upgraded, including significant internal refurbishment, to allow for more adaptive warehouse use. The asset is fully leased to IVE Group.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GPT Fair Value $46.0m Acquired (by GPT) November 2016 Capitalisation Rate 5.25% Valuation Type Independent Income (12 months) $2.4m

Property Details GLA 21,000 sqm Site Area 38,700 sqm Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0% WALE (by income) 8.6 years

99 1B Huntingwood Drive, Huntingwood, NSW xxxxGPT

The property is located on the corner of Huntingwood Drive and Great Western Highway. Acquired by GPT as a vacant possession site in August 2016, the surplus land component of the site was developed into a standalone 11,300sqm facility. The development reached practical completion in August 2018, fully leased to a third party logistics operator.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GPT Fair Value $25.5m Developed (by GPT) August 2018 Capitalisation Rate 5.50% Valuation Type Independent Income (12 months) $0.6m

Property Details GLA 11,300 sqm Site Area 31,100 sqm Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0% WALE (by income) 4.7 years

100 54 Eastern Creek Drive, Eastern Creek, NSW GPT

The property is located 1.2 kilometres from the M7 Interchange and 2.0 kilometres from the M4 Interchange. GPT acquired the 5.1 hectare site in 2016 and completed the development of a 25,4000 square metre distribution centre in October 2017, fully leased to a third party logistics provider.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GPT Fair Value $51.8m Developed (by GPT) October 2017 Capitalisation Rate 5.50% Valuation Type Independent Income (12 months) $2.6m

Property Details GLA 25,400 sqm Site Area 51,100 sqm Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0% WALE (by income) 4.1 years

101 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 31 December 2018

General Current Valuation Ownership Interest 100% GPT Fair Value $90.0m Acquired (by GPT) August 1994 Capitalisation Rate 6.29% Valuation Type Independent Income (12 months) $6.2m

Property Details GLA 90,100 sqm Site Area 201,800 sqm Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0% WALE (by income) 3.4 years

102 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 31 December 2018

General Current Valuation Ownership Interest 100% GPT Fair Value $82.5m Acquired (by GPT) March 2012 Capitalisation Rate 6.25% Valuation Type Independent Income (12 months) $5.5m

Property Details GLA 27,000 sqm Site Area 25,500 sqm Actual 89.1% Including Signed Leases 89.1% Including Heads of Agreement 89.1% WALE (by income) 2.6 years

103 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 includes an intermodal rail terminal.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 50% GPT Fair Value $182.4m Co-Owner Austrak (50%) Capitalisation Rate 5.85% Acquired (by GPT) October 2003 Valuation Type Independent Income (12 months) $11.7m

Property Details GLA 209,900 sqm Site Area 661,000 sqm Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0% WALE (by income) 5.8 years

104 Sunshine Business Estate, Sunshine, VIC GPT

Located in the suburb of at Sunshine, in Melbourne’s west, the estate comprises four properties, fully leased to the listed print and communications operator, IVE Group.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GPT Fair Value $78.0m Acquired (by GPT) January 2018 Capitalisation Rate 5.75% Valuation Type Independent Income (12 months) $4.3m

Property Details GLA 52,800 sqm Site Area 88,700 sqm Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0% WALE (by income) 7.9 years

105 396 Mount Derrimut Road, Derrimut, VIC GPT

The property is located in the established industrial suburb of Derrimut in Melbourne’s West and is fully leased to construction supplier, Mesh and Bar. The property was purpose built in 2013 for the sitting tenant, with further works completed in 2017. Improvements include 20 on grade roller shutters and full drive around access.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GPT Fair Value $12.4m Acquired (by GPT) November 2018 Capitalisation Rate 6.50% Valuation Type Independent Income (12 months) $0.1m

Property Details GLA 10,700 sqm Site Area 18,700 sqm Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0% WALE (by income) 3.0 years

106 399 Boundary Road, Truganina, VIC GPT

The property is located in the established industrial suburb of Truganina in Melbourne’s West and is fully leased to semi trailer manufacturer, Krueger Transport. The property was purpose built in 2014 for the sitting tenant and includes 18 on grade roller shutter doors and full drive around access.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GPT Fair Value $15.6m Acquired (by GPT) December 2018 Capitalisation Rate 5.75% Valuation Type Independent Income (12 months) $0m

Property Details GLA 11,000 sqm Site Area 24,400 sqm Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0% WALE (by income) 10.1 years

107 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 31 December 2018

General Current Valuation Ownership Interest 100% GPT Fair Value $44.8m Acquired (by GPT) November 2013 Capitalisation Rate 7.25% Valuation Type Independent Income (12 months) $2.1m

Property Details GLA 40,800 sqm Site Area 81,500 sqm Actual 55.1% Including Signed Leases 55.1% Including Heads of Agreement 55.1% WALE (by income) 1.2 years

108 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 31 December 2018

General Current Valuation Ownership Interest 100% GPT Fair Value $114.0m Acquired (by GPT) Completed April 2014 Capitalisation Rate 5.75% Valuation Type Independent Income (12 months) $7.3m

Property Details GLA 44,000 sqm Site Area 134,300 sqm Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0% WALE (by income) 10.2 years

109 55 Whitelaw Place, Wacol, QLD xxxxGPT

55 Whitelaw Place was the first facility to be constructed at the 60 hectare Metroplex site located in Wacol, QLD. The asset includes 5,600 square metres of warehouse accommodation along with over 12,000 square metres of hardstand, reflecting purpose built specifications for pre-lease tenant, Loscam Australia.

Key Metrics as at 31 December 2018

General Current Valuation Ownership Interest 100% GPT Fair Value $16.5m Developed (by GPT) August 2018 Capitalisation Rate 5.75% Valuation Type Independent Income (12 months) $0.9m

Property Details GLA 5,600 sqm Site Area 20,900 sqm Actual 100.0% Including Signed Leases 100.0% Including Heads of Agreement 100.0% WALE (by income) 13.4 years

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