INVESTOR SITE TOUR MAY 2004 SITE VISIT MAY 2004 3 1 2 4 1 The - - PDF document
INVESTOR SITE TOUR MAY 2004 SITE VISIT MAY 2004 3 1 2 4 1 The Sebel Pier One Sydney 7 Pier 8/9 13 Bond Store 3 2 Pier 2/3 8 T owns Place North 14 Sydney Theatre 3 Shore Studios 2/3 9 T owns Place Apartments 15 The P arbury
1 The Sebel Pier One Sydney 2 Pier 2/3 3 Shore Studios 2/3 4 Wharf 4/5 5 Pier Apartment 6/7 6 Shore Apartments 6/7 and 8/9 7 Pier 8/9 8 T
9 T
10 T
11 Bond Store 1 12 Bond Store 2 13 Bond Store 3 14 Sydney Theatre 15 The P arbury Apartments 16 Walsh Bay Homes on P
17 Bond Stores 5-7
1 2 3 4
2
MIRVAC SYDNEY INVESTOR TOUR
10 11 12 13 14 15 16 17 5 6 7 8 9
3
MIRVAC SYDNEY INVESTOR TOUR
PROJECT ADDRESS
Hickson Road, Walsh Bay
DESCRIPTION
An A Grade office building in the Walsh Bay
and floor plates of approximately 1500sqm. Includes 178 car spaces.
SUMMARY INFORMATION
Ownership: 100% Area SQ M: 9,100 Estimated Value: $50m Estimated Completion: TBA
4
MIRVAC SYDNEY INVESTOR TOUR
DESCRIPTION
The final residential offering at Walsh Bay. The majority of apartments feature harbour views. Includes gymnasium, pool and other facilities. Commercial carpark of 190 spaces is below apartment building.
SUMMARY INFORMATION
Acquisition Date: 1998 T
$100m Sales P eriod: 2004 - 2006 Apartments: 65 Current Price Range: $850,000 - $3.5m * Joint Venture
5
MIRVAC SYDNEY INVESTOR TOUR
DESCRIPTION
Three bedroom luxury apartments with a variety
Darling Island P
strata commercial space.
SUMMARY INFORMATION
Acquisition Date: December 2002 T
$80m Project P eriod: 2004 - 2006 T
27 apartments / 900m2 strata commercial Current Price Range: $2.1m - $4.6m
6
MIRVAC SYDNEY INVESTOR TOUR
PROJECT ADDRESS
Pirrama Rd, Darling Harbour.
DESCRIPTION
Following the success of Bay Centre, Darling Island will be an A Grade office building offering large floor plates, with NLA in some floors of 4.472sqm.
SUMMARY INFORMATION
Ownership: 100% Area SQ M: 22,175 Acquisition Date: December 2002 Valuation: N/A Valuation Date: N/A Estimated Cost: $100m Capitalisation Rate: N/A Discount Rate: N/A
MAJOR TENANTS
SQ M N/A
LEASE EXPIRY PROFILE
Vacant N/A FY04 FY05 FY06 FY07 FY08 FY09+
MIRVAC SYDNEY INVESTOR TOUR
DESCRIPTION
Large luxury small lot detached and attached homes, currently under construction. Will feature extensive landscaping. Acquired from the Department of Defence with an existing Master Plan.
SUMMARY INFORMATION
Acquisition Date: May 2003 T
$150m Sales P eriod: 2004 - 2006 T
80 Current Price Range: $1.5m - $2m+
8
8
MIRVAC SYDNEY INVESTOR TOUR
DESCRIPTION
Mix of integrated lifestyle attached homes.
SUMMARY INFORMATION
Acquisition Date: November 2002 T
$90m Sales P eriod: 2006 - 2007 T
255 Current Price Range: $340,000 - $360,000
9
MIRVAC SYDNEY INVESTOR TOUR
DESCRIPTION
Lifestyle estate comprising detached homes.
SUMMARY INFORMATION
Acquisition Date: January 2003 T
$26m Sales P eriod: 2005 - 2006 T
106 Current Price Range: $335,000 - $600,000
10
MIRVAC SYDNEY INVESTOR TOUR
DESCRIPTION
Mix of integrated lifestyle and retail lots, ranging from attached terraces to 600 sqm lots.
SUMMARY INFORMATION
Acquisition Date: May 2001 T
$172m Sales P eriod: 2006 - 2013 T
435 Current Price Range: $280,000 - $485,000
PROJECT ADDRESS
Kurrajong Road, Prestons, Sydney
DESCRIPTION
The undeveloped former Liverpool Showground site is zoned 4(a) Industrial, which is able to accommodate a variety of users. It fronts the M7 Orbital, near its intersection with the M5.
SUMMARY INFORMATION
Ownership: 100% Area SQ M: 17,000 Acquisition Date: December 2003 Valuation: TBA Valuation Date: TBA Cost Inc. Additions: $23,210,000 Capitalisation Rate: N/A Discount Rate: N/A
MAJOR TENANTS
SQ M N/A
LEASE EXPIRY PROFILE
Vacant N/A FY04 FY05 FY06 FY07 FY08 FY09+
11
MIRVAC SYDNEY INVESTOR TOUR
12
MIRVAC SYDNEY INVESTOR TOUR
DESCRIPTION
Mix of integrated lifestyle and retail lots, ranging from attached terraces to 600 sqm lots.
SUMMARY INFORMATION
Acquisition Date: June 2001 T
$250m Sales P eriod: 2005 - 2008 T
599 Current Price Range: $295,000 - $475,000
13
MIRVAC SYDNEY INVESTOR TOUR
14
MIRVAC SYDNEY INVESTOR TOUR
PROJECT ADDRESS
Charles Hacket Drive, Street Marys, Sydney
DESCRIPTION
A sub regional centre in Sydney's western suburbs, Street Marys services an area extending between P enrith and Blacktown.
SUMMARY INFORMATION
Grade: Sub Regional Ownership: 100% Area SQ M: 16,020 Car spaces: 555 Acquisition Date: 17 January 2003 Valuation: $34,250,000 Valuation Date: 30 April 2003 Cost Inc. Additions: $34,577,000 Capitalisation Rate: 8.0% Discount Rate: 10% Sales MAT Feb '04: $81.4m Variance: + 2.3%
MAJOR TENANTS
SQ M Woolworths 4,234 T arget 8,023
15
MIRVAC SYDNEY INVESTOR TOUR
DESCRIPTION
Mix of integrated and retail lots.
SUMMARY INFORMATION
Acquisition Date: April 2003 T
$92m Sales P eriod: 2004 - 2007 T
393 Current Price Range: $270,000 - $320,000 * Joint Venture
16
MIRVAC SYDNEY INVESTOR TOUR
PROJECT ADDRESS
Blacktown Road, Blacktown
DESCRIPTION
Blacktown Mega Centa is located on the fringe of the Blacktown CBD and comprises a broad range
servicing the growing region.
SUMMARY INFORMATION
Grade: Bulky Goods Centre Ownership: 100% Area SQ M: 25,189 Car Spaces: 550 Acquisition Date: 30 June 2002 Valuation: $30,000,000 Valuation Date: 1 March 2002 Cost Inc. Additions: $30,035,000 Capitalisation Rate: 9.25% Discount Rate: 11.25% Sales MAT Dec '03: N/A Variance: N/A
MAJOR TENANTS
Bunnings 11,606 Harvey Norman 5,705
17
MIRVAC SYDNEY INVESTOR TOUR
DESCRIPTION
Lifestyle estate comprising attached 120sqm to 150sqm product and detached 180sqm four bed- room product.
SUMMARY INFORMATION
Acquisition Date: December 2003 T
$50m Project P eriod: 2003 - 2006 T
116 Current Price Range: $350,000 - $450,000
18
MIRVAC SYDNEY INVESTOR TOUR
PROJECT ADDRESS
Sentry Drive, Stanhope Gardens
DESCRIPTION
Developed by Mirvac as part of its joint venture residential development at Newbury Estate, Stanhope Village opened in late 2003. The centre is anchored by a Coles Supermarket.
SUMMARY INFORMATION
Grade: Convenience Centre Ownership: 100% Area SQ M: 7,225 Car spaces: 333 Acquisition Date: 14 November 2003 Valuation: TBA Valuation Date: TBA Cost Inc. Additions: $19,151,000 Capitalisation Rate: TBA Discount Rate: TBA Sales MAT : N/A Variance: N/A
MAJOR TENANTS
SQM Coles Supermarket 3,500
19
MIRVAC SYDNEY INVESTOR TOUR
DESCRIPTION
Mix of integrated lifestyle and retail lots, ranging from attached terraces to 600 sqm lots.
SUMMARY INFORMATION
Acquisition Date: December 1999 T
$420m Sales P eriod: 2002 - 2007 T
1790 Current Price Range: $290,000 - $540,000 * Joint Venture
20
MIRVAC SYDNEY INVESTOR TOUR
DESCRIPTION
Lifestyle estate comprising detached homes.
SUMMARY INFORMATION
Acquisition Date: June 2002 T
$50m Project P eriod: 2002 - 2006 T
64 Current Price Range: $765,000 - $900,000
21
MIRVAC SYDNEY INVESTOR TOUR
DESCRIPTION
Lifestyle estate comprising attached and detached homes.
SUMMARY INFORMATION
Acquisition Date: December 1998 T
$113m Sales P eriod: 2003 - 2005 T
189 Current Price Range: $412,000 - $710,000
22
MIRVAC SYDNEY INVESTOR TOUR
DESCRIPTION
Comprises more than 500 houses and resort villas, a 5 star all-suite Quay West Resort with associated conference and recreational facilities, and an 18-hole resort golf course. The 100 Ha site features absolute beach frontage and is approximately 4.5km north of The Entrance city centre.
SUMMARY INFORMATION
Acquisition Date: September 2002 T
$500m Sales P eriod: 2005 - 2010 T
96 Hotel Apartments 143 Villas 375 Houses Current Price Range: $410,000 - $1.5m
23
MIRVAC SYDNEY INVESTOR TOUR
DESCRIPTION
Low rise apartment buildings designed to appeal to existing Ku-ring-gai residents. One of six sites recently rezoned by the NSW Government.
SUMMARY INFORMATION
Acquisition Date: May 2003 T
$45m Sales P eriod: 2005 - 2007 T
50 Current Price Range: $600,000 - $1.3m
24
MIRVAC SYDNEY INVESTOR TOUR
PROJECT ADDRESS
6 Boundary Road, Northmead
DESCRIPTION
A modern multi-tenanted office/warehouse estate comprising five separate industrial buildings situ- ated on the north-western side of Boundary Road.
SUMMARY INFORMATION
Ownership: 100% Area SQ M: 26,306 Acquisition Date: 14 July 1994 Valuation: $27,100,000 Valuation Date: 30 June 2002 Cost Inc. Additions: $19,050,000 Capitalisation Rate: 9.5% Discount Rate: 11.25%
MAJOR TENANTS
SQ M Brambles: 9,609 Argus T echnologies 4,258 Winnings
LEASE EXPIRY PROFILE
Vacant 0% FY04 0% FY05 0% FY06 32% FY07 52% FY08 16% FY09+ 0%
25
MIRVAC SYDNEY INVESTOR TOUR
DESCRIPTION
Lifestyle estate with attached two bedroom product and detached four bedroom product.
SUMMARY INFORMATION
Acquisition Date: October 2003 T
$130m Sales P eriod: 2005 - 2006 T
261 Current Price Range: $340,000 - $655,000
26
MIRVAC SYDNEY INVESTOR TOUR
DESCRIPTION
The former Olympic Village, the suburb is currently around 1500 homes and apartments. Newington is the most awarded suburb in Australia.
SUMMARY INFORMATION
Acquisition Date: December 1996 T
$1billion Sales P eriod: 1999 - 2007 T
2000 Houses and Apartments Current Price Range: $275,000 - $825,000 * Joint Venture
27
MIRVAC SYDNEY INVESTOR TOUR
DESCRIPTION
Integrated housing and apartment development
Chicken Bay. Next to Cabarita P ark.
SUMMARY INFORMATION
Acquisition Date: June 2000 T
$278m Sales P eriod: 2001 - 2005 T
275 Homes and Apartments Current Price Range: $550,000 - $2.7m
28
MIRVAC SYDNEY INVESTOR TOUR
DESCRIPTION
Three high rise apartment buildings and four low rise buildings. The project features extensively landscaped gardens and public space.
SUMMARY INFORMATION
Acquisition Date: November 1999 T
$410m Sales P eriod: 2001 - 2009+ T
Altura - 137 b2e - 64 Epica - 221 Building H - 129 Current Price Range: $420,000 - $1.9m
29
MIRVAC SYDNEY INVESTOR TOUR
DESCRIPTION
Approximately 70 apartments in low rise build- ings, on north facing block. As with Warrawee site, designed to appeal to local buyers.
SUMMARY INFORMATION
Acquisition Date: April 2004 T
$98m Sales P eriod: 2006 - 2008 T
70 Current Price Range: $1m - $1.9m
30
MIRVAC SYDNEY INVESTOR TOUR
PROJECT ADDRESS
Forrest Way, Belrose
DESCRIPTION
Lifestyle estate comprising attached and detached homes
SUMMARY INFORMATION
Acquisition Date: September 1999 T
$34m Sales P eriod: 2004 - 2005 T
41 Current Price Range: $780,000 - $928,000
PROJECT ADDRESS
P erentie & Dawes, Belrose
DESCRIPTION
Large detached product
SUMMARY INFORMATION
Acquisition Date: June 2001 T
$26m Sales P eriod: 2004 - 2005 T
28 Current Price Range: $900,000 - $920,000,
31
MIRVAC SYDNEY INVESTOR TOUR
PROJECT ADDRESS
Warriewood A
DESCRIPTION
Detached homes from 160 sqm to 200sqm.
SUMMARY INFORMATION
Acquisition Date: April, 2003 T
$19m Sales P eriod: 2006 - 2007 T
26 Current Price Range: $700,000 - $760,000
PROJECT ADDRESS
Warriewood B
DESCRIPTION
Detached homes from 160 sqm to 200sqm.
SUMMARY INFORMATION
Acquisition Date: July, 2003 T
$40m Sales P eriod: 2005 - 2006 T
61 Current Price Range: $650,000 - $735,000
32
MIRVAC SYDNEY INVESTOR TOUR
MIRVAC RESIDENTIAL PROPERTY PORTFOLIO DECEMBER 2003 1
NEW SOUTH WALES HOMES– CURRENT PROJECTS
Property/ Acquistion Date Location Total Project Value Total Lots Project Period Current Price Range Description Acacia Gardens Dec 03 Sunnyholt Road $50m 116 2003- 2006 $385,000 to $450,000 Lifestyle estate comprising attached 120sqm to 150sqm product and detached 180sqm four bedroom product Auburn Oct 03 Auburn $130m 261 2003- 2005 $340,000 to $655,000 Lifestyle estate with atached two bedroom product and detached four bedroom product Arnold Ave June 02 Kellyville $8m 22 2002- 2005 $350,000 to $420,000 Retail lots Ayres Rd Jul 00 St Ives $11.3m 13 2000- 2004 $820,000 to $875,000 Single storey SEEP 5 Cascades Aug 00 Kellyville $43.3m 94 2000- 2004 $445,000 to $495,000 Lifestyle estate comprising attached and detached homes Dalmar Mar 98 Carlingford $70.4m 128 1998- 2004 $390,000 to $680,000 Lifestyle estate comprising attached and detached homes Duffy Ave Dec 98 Westleigh $113m 189 1998- 2004 $412,000 to $710,000 Lifestyle estate comprising attached and detached homes Entrance Rd Apr 01 Bateau Bay $40m 89 2001- 2004 $195,000 to $270,000 Retail lots Forest Way Sep 99 Belrose $34m 41 1999- 2005 $780,000 to $928,000 Lifestyle estate comprising attached and detached homes Perentie & Dawes Jun 01 Belrose $26m 28 2001- 2005 $920,000 Large detached product Glenfield Rd Jun 01 Glenfield $250m 599 2001- 2008 $295,000 to $475,000 Mix of integrated lifestyle and retail lots, ranging from attached terraces to 600sqm lots Hammondville Jan 03 $26m 106 2003- 2006 $335,000 to $600,000 Lifestyle estate comprising detached homes Holsworthy Nov 02 $90m 255 2002- 2007 $350,000 Mix of integrated lifestyle attached homes Moss Vale Rd Jun 01 Bowral $12m 27 2001- 2005 $475,000 Single storey, three bedroom product Old Castle Hill Jun 02 Castle Hill $50m 64 2002- 2006 $765,000 to $900,000 Lifestyle estate comprising detached homes Riverstone Sep 03 $80m 247 2003- 2008 $295,000 Retail lots Spring Farm May 01 $172m 435 2001- 2013 $280,000 to $485,000 Mix of integrated lifestyle and retail lots, ranging from attached terraces to 600sqm lots WarriewoodA Apr 03 $19m 26 2003- 2007 $700,000 to $760,000 Detached homes from 160sqm to 200sqm WarriewoodB Jul 03 $40m 61 2003- 2006 $650,000 to $735,000 Detached homes from 160sqm to 200sqm
MIRVAC RESIDENTIAL PROPERTY PORTFOLIO DECEMBER 2003 2
Newbury Estate* Dec 99 Stanhope $420m 1790 1999- 2007 $290,000 to $540,000 Mix of integrated lifestyle and retail lots, ranging from attached terraces to 600sqm lots Doonside Rd* Apr 03 Woodcroft $92m 393 2003- 2006 $270,00 to $320,000 Mix of integrated and retail lots *MGR does not own 100% of this project