Stockland Australia - Industrial

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Industrial Portfolio as at 30 June 2009
PAGE	PROPERTY	STATE	GLA (m2)*	BOOK VALUE# ($m)	% OF INDUSTRIA L PORTFOLIO	PASSING WAREHOUSE RENT ($/m2)	NET/GROSS
24	Yennora Distribution Centre, Yennora	NSW	293,003	$335.7	30.8%	$85	Net
24	Defence National Storage and Distribution Centre, Moorebank**	NSW	238,876	$138.0	12.7%	$70	Net
24	Hendra Distribution Centre, Brisbane	QLD	83,735	$80.0	7.3%	$86	Net
25	Port Adelaide Distribution Centre, Port Adelaide	SA	166,838	$76.5	7.0%	$45	Net
25	Brooklyn Estate, Brooklyn	VIC	130,719	$72.1	6.6%	$59	Net
25	9-11a Ferndell Street, Granville	NSW	48,280	$50.4	4.6%	$106	Net
26	Toll Business Park, Toll Drive, Altona	VIC	52,603	$47.1	4.3%	$81	Net
26	20-50 and 76-82 Fillo Drive and 10 Stubb Street, Somerton	VIC	71,326	$41.5	3.8%	$60	Net
26	1090-1124 Centre Road, Oakleigh	VIC	46,930	$35.0	3.2%	$66	Net
27	3676 Ipswich Road, Wacol	QLD	19,639	$30.1	2.8%	$115	Net
27	1-11 Amour Street, Revesby	NSW	19,452	$20.5	1.9%	$96	Net
27	Altona Distribution Centre, Altona	VIC	29,169	$19.6	1.8%	$65	Net
28	509 Boundary Road, Richlands	QLD	16,440	$18.0	1.6%	$107	Net
28	2 Davis Road, Wetherill Park	NSW	16,813	$17.5	1.6%	$103	Net
28 Prestons Industrial Estate, Prestons	NSW	13,215	$16.9	1.5%	$139	Net
29	17 and 40 Scanlon Drive, Epping	VIC	22,276	$15.2	1.4%	$75	Net
29 Export Park, 9-13 Viola Place, Brisbane Airport	QLD 8,468	$13.2	1.2%	$170	Net
29	159-163 Newton Road, Wetherill Park	NSW	12,264	$12.3	1.1%	$93	Net
30 Lidcombe Industrial Park, 42 Birnie Avenue, Lidcombe	NSW	8,069	$11.9	1.1%	$147	Net
30	735 Boundary Road, Richlands	QLD	9,884	$11.9	1.1%	$117	Net
30	M1 Yatala Enterprise Park, Yatala	QLD	N/A	$11.6	1.1%	N/A	N/A
31	17 McNaughton Road, Clayton	VIC	17,356	$9.5	0.9%	$48	Net
31	9-11 Somerton Park Drive, Somerton	VIC	8,017	$6.3	0.6%	$72	Net
Total			1,333,372	$1,090.8	100.0%

# R epresents the full carrying value of the investment property. * Excludes hardstand. ** Book value represents Stockland's 55% ownership interest.

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Stockland Property Portfolio 2009