Stockland Australia

80-88 Jephson Street, 23 and 27-29 High Street,
Toowong, QLD

80-88 Jephson, 23 & 27-29 High Street are located in the heart of Toowong’s commercial district.

80-88 Jephson Street includes 6,388m2 of accommodation over five levels and adjoins Stockland’s Woolworths Toowong property.

23 & 27-29 High Street offer 1,487m2 of retail and office accommodation over two levels and are held as part of the Toowong development site which offers medium term mixed-use development potential.

Location: Toowong, QLD
Acquisition date: June 2006/July 2006/January 2008
Ownership/title: 100%/Freehold
Cost including additions: $37.4 million
Independent valuation: June 2009
Valuation/($/m2): $27.7 million ($3,517/m2)
Capitalisation rate: 7.75% - 9.00%
Discount rate: 8.75% - 9.25%
Net lettable area: 7,875m2
Car parking spaces: 125
Major Tenants NLA (m2)
Data #3 1,907
State Government 1,468
Lease expiry profile
Vacant 3%
FY10 25%
FY11 53%
FY12 7%
FY13 2%
FY14+ 10%

1 Havelock Street,
West Perth, WA

1 Havelock Street comprises a five level A grade office building, with two basement levels of car parking for 207 vehicles. The property is situated within the prime commercial locality of West Perth.

The property is fully leased to five separate office tenants with Golder Associates occupying over 50% of the NLA.

Location: West Perth, WA
Acquisition date: April 2007
Ownership/title: 100%/Freehold
Cost including additions: $30.8 million
Independent valuation: June 2009
Valuation/($/m2): $31.8 million ($6,251/m2)
Capitalisation rate: 8.75%
Discount rate: 9.50%
Net lettable area: 5,087m2
Car parking spaces: 207
Major Tenants NLA (m2)
Golder Associates 2,706
Unisys West 1,234

Lease expiry profile
Vacant 0%
FY10 29%
FY11 11%
FY12 12%
FY13 0%
FY14+ 48%

110 Walker Street,
North Sydney, NSW

The seven level property is located in the heart of the North Sydney CBD.

The building comprises six upper levels of office accommodation, with several terrace areas, ground floor retail and 80 basement car parking bays.

Location: North Sydney CBD, NSW
Acquisition date: October 2000
Ownership/title: 100%/Freehold
Cost including additions: $23.8 million
Independent valuation: June 2009
Valuation/($/m2): $26.5 million ($5,847/m2)
Capitalisation rate: 8.00%
Discount rate: 9.25%
Net lettable area: 4,532m2
Car parking spaces: 80
Major Tenants NLA (m2)
Rice Daubney 1,454
Lease expiry profile
Vacant 0%
FY10 15%
FY11 15%
FY12 29%
FY13 36%
FY14+ 5%

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80-88 Jephson Street, 23 and 27-29 High Street, Toowong, QLD

1 Havelock Street, West Perth, WA

110 Walker Street, North Sydney, NSW

Stockland Property Portfolio 2009

80-88 Jephson Street, 23 and 27-29 High Street,
Toowong, QLD

1 Havelock Street,
West Perth, WA

110 Walker Street,
North Sydney, NSW