The Investment Portfolio consists of 7 properties located in Brisbane, Sydney, Canberra, Melbourne and Goulburn.
The following table summarises the key details of the portfolio:
Property
Location
Asset Type
Major Tenant
Initial Lease
Duration
Lease Start Date
Value Base Capitalisation Rate
Director's Valuation
$m(2)
Portfolio %
Thiess Corporate HQ
QLD
A-grade Office
A subsidiary of Leighton Holdings
10 yrs
June 03
8.50%
$61.50
27.7%
Fujitsu Centre
QLD
A-grade Office
Fujitsu
5 yrs
June 10
8.50%
$22.50
10.2%
ATO Hurstville
NSW
A-grade Office
Commonwealth Government
10 yrs
February 05
8.75%
$54.90
24.7%
Gouldburn
NSW
B-grade Industrial
Vacant
N/A
N/A
12.00%
$7.00
3.2%
EDI Rail HQ
NSW
A-grade Industrial
EDI Limited
10 yrs
September 00
9.50%
$5.85
2.6%
DOTARS building
ACT
B-grade Office
Department of Infrastructure
7 yrs
August 10
9.50%
$15.65
7.1%
Melbourne Broadcast Centre (1)
VIC
A-grade Office
Seven Network
15 yrs
June 03
7.50%
$54.22
24.5%
Totals
(Weighted Yield)
8.54%
$221.62
100%
Notes
1) Melbourne Broadcast Centre - included in June 2010 Financial Report as 'Asset Held For Sale'. This asset has sold post FY 2010.
2) Director's Valuations are supported by independant valuations dated June 2010
