Portfolio Summary - challengergroup.net · Portfolio Summary Challenger Diversified Property Group as at 30 June 2012 Challenger Diversified Property Group comprising: ... Australian

Portfolio SummaryChallenger Diversified Property Group as at 30 June 2012

Challenger Diversified Property Groupcomprising:

Challenger Diversified Property Trust 1(ARSN 121 484 606)

Challenger Diversified Property Trust 2(ARSN 121 484 713)

Responsible EntityChallenger Listed Investments Limited (ABN 94 055 293 644) (AFSL 236887)

2

Portfolio summary

Property Location

Net lettable

area (sqm)

Occupancy at 30 June

2012 (by income)

(%)

Weighted average lease

expiry (by income)

(years)Date

acquired

Prior period

valuation ($m)

Prior market

cap rate (%)

Currentvaluation1

($m)

Current market

cap rate (%)

Valuation change

($m)

Discount rate (%) Valuer

Book value

30 June 2012 ($m)

Average gross

passing rent

($/sqm)

Average gross

market rent

($/sqm)

Asset values

($/sqm)Office portfolioABS House Belconnen, ACT 31,050 100.0 4.7 Oct-2006 88.8 7.75 87.6 8.25 (1.2) 9.25 m3 87.6 457 420 4,702

31 Queen Street Melbourne, VIC 19,339 97.4 3.7 Mar-2011 89.0 8.00 91.0 8.00 2.0 9.50 m3 91.0 456 471 4,705

DIAC Building Belconnen, ACT 29,530 100.0 7.3 Oct-2006 68.4 7.75 69.0 8.00 0.6 9.25 m3 69.0 347 375 3,894

The Forum, Cisco St Leonards, NSW 16,584 99.1 2.4 Oct-2006 62.4 8.25 63.1 8.25 0.7 9.50 Internal 63.1 576 548 6,338

Discovery House Woden, ACT 22,239 100.0 10.2 Oct-2006 60.6 7.75 61.4 7.75 0.8 9.00 Internal 61.4 415 415 4,605

Makerston House Brisbane, QLD 14,652 100.0 2.8 Oct-2006 44.4 8.50 45.1 8.50 0.7 9.75 Internal 45.1 509 520 5,132

The Forum, Verizon St Leonards, NSW 11,711 69.0 3.2 Oct-2006 41.0 8.50 41.8 8.50 0.8 9.75 Internal 41.8 534 526 5,952

Elder House Adelaide, SA 14,086 100.0 3.8 Oct-2006 28.3 8.75 27.9 9.00 (0.4) 9.75 m3 27.9 434 368 3,301

Executive Building Hobart, TAS 9,887 100.0 3.0 Oct-2006 20.6 8.75 20.4 8.75 (0.2) 9.50 Savills 20.4 379 389 3,439

Office portfolio total/average 169,078 96.8 4.7 503.4 8.08 507.3 8.21 3.9 9.42 507.3 443 436 4,647

Retail portfolioJam Factory South Yarra, VIC 20,1271 98.7 8.0 Oct-2006 70.2 8.25 71.1 7.75 0.8 9.00 JLL 71.1 517 517 5,884Century City Walk Glen Waverley, VIC 8,289 100.0 5.2 Jun-2008 30.0 8.50 30.0 8.50 – 9.50 Savills 30.0 443 443 3,619Innaloo Cinema Centre Innaloo, WA 11,549 100.0 6.1 Oct-2006 25.0 8.00 25.5 8.00 0.5 9.25 JLL 25.5 388 388 3,680Kings Langley Kings Langley, NSW 4,157 100.0 7.4 Oct-2006 9.7 8.75 9.4 8.75 (0.3) 9.75 Savills 9.4 420 420 3,753Retail portfolio total/average 44,122 99.3 7.0 134.9 8.30 135.9 8.03 1.0 9.21 135.9 445 445 4,563

Industrial portfolioDistribution centresThe Junction, Stage 2 Enfield, NSW 20,360 99.3 9.9 Jul-2012 34.0 7.75 34.0 7.75 – 9.50 Colliers 34.0 146 146 1,682The Junction, Stage 1 Enfield, NSW 13,437 100.0 3.5 Dec-2008 20.4 8.25 20.4 8.50 – 9.50 Internal 20.4 152 146 1,5186 Foray Street Fairfield, NSW 22,960 71.6 2.1 Oct-2006 16.3 10.00 15.3 10.00 (1.0) 10.00 Colliers 15.3 90 88 664Spotlight Laverton North, VIC 20,723 100.0 9.0 Oct-2006 16.8 8.25 17.3 8.25 0.4 9.75 Internal 17.3 77 77 83512-30 Toll Drive Altona North, VIC 13,885 100.0 3.6 Oct-2006 13.5 8.75 14.0 8.75 0.5 11.00 Colliers 14.0 114 107 1,0082-10 Toll Drive Altona North, VIC 6,244 100.0 0.6 Oct-2006 6.4 8.75 6.4 8.75 0.1 9.75 Internal 6.4 125 110 1,0251-9 Toll Drive Altona North, VIC 3,239 100.0 3.6 Oct-2006 3.5 8.50 3.9 8.50 0.4 10.50 Colliers 3.9 134 133 1,204Distribution portfolio total/average 100,848 94.5 5.5 110.8 8.45 111.3 8.48 0.5 9.85 111.3 115 112 1,103

High techTaylors House Waterloo, NSW 11,084 99.2 4.7 Oct-2006 26.9 8.25 26.9 8.25 – 9.25 Internal 26.9 465 377 4,042187 Todd Road Port Melbourne, VIC 9,308 24.9 1.0 Oct-2006 13.6 9.50 13.6 9.50 – 10.00 Internal 13.6 303 296 2,428Giffnock Avenue North Ryde, NSW 5,973 – 0.0 Jun-2008 12.0 8.75 9.9 9.50 (2.1) 9.75 Colliers 9.9 – 240 1,657High tech portfolio total/average 26,365 55.6 2.6 52.4 8.69 50.3 8.83 (2.1) 9.55 50.3 247 310 2,765Industrial portfolio total/average 127,213 80.1 4.4 163.2 8.53 161.6 8.59 (1.6) 9.75 161.6 132 137 1,357

Australian portfolio total/average 340,413 93.7 5.0 801.5 8.21 804.8 8.26 3.3 9.45 804.8 296 295 3,119

French portfolio m m m $ $ $Sully Sully sur Loire 15,500 100.0 5.5 Jun–2007 9.2 9.00 8.9 9.20 (0.3) – Knight Frank 8.9 104 83 713Aulnay Aulnay sous Bois, Paris 5,105 100.0 3.3 Jun–2007 8.9 6.50 9.3 6.25 0.4 – Knight Frank 9.3 217 193 2,243Beziers Beziers 8,944 100.0 3.2 Jun–2007 8.1 8.25 8.2 8.25 0.2 – Knight Frank 8.2 113 103 1,141Gennevilliers Gennevilliers, Paris 7,409 100.0 8.7 Jun–2007 7.0 7.21 7.2 7.10 0.3 – Knight Frank 7.2 134 134 1,210Tours Parcay-Meslay, Tours 5,610 100.0 6.2 Jun–2007 4.2 8.25 4.4 8.65 0.2 – Knight Frank 4.4 116 105 971

French portfolio total/average 42,568 100.0 5.3 37.4 7.82 38.1 7.81 0.8 – 38.1 114 101 1,107Investment portfolio total/average

382,981 94.1 5.0 847.9 8.19 852.0 8.23 4.1 9.45 852.0 269 266 2,834

Development portfolio $m $m $mThe Junction, Stage 3 Enfield, NSW N/A – – Mar–2007 6.8 – 6.8 – – – Colliers 6.8 – – –Australian development portfolio total/average

– – – 6.8 – 6.8 – – – 6.8 – – –

1 Excludes development (strategic) vacancies.

3

Property Location

Net lettable

area (sqm)

Occupancy at 30 June

2012 (by income)

(%)

Weighted average lease

expiry (by income)

(years)Date

acquired

Prior period

valuation ($m)

Prior market

cap rate (%)

Currentvaluation1

($m)

Current market

cap rate (%)

Valuation change

($m)

Discount rate (%) Valuer

Book value

30 June 2012 ($m)

Average gross

passing rent

($/sqm)

Average gross

market rent

($/sqm)

Asset values

($/sqm)Office portfolioABS House Belconnen, ACT 31,050 100.0 4.7 Oct-2006 88.8 7.75 87.6 8.25 (1.2) 9.25 m3 87.6 457 420 4,702

31 Queen Street Melbourne, VIC 19,339 97.4 3.7 Mar-2011 89.0 8.00 91.0 8.00 2.0 9.50 m3 91.0 456 471 4,705

DIAC Building Belconnen, ACT 29,530 100.0 7.3 Oct-2006 68.4 7.75 69.0 8.00 0.6 9.25 m3 69.0 347 375 3,894

The Forum, Cisco St Leonards, NSW 16,584 99.1 2.4 Oct-2006 62.4 8.25 63.1 8.25 0.7 9.50 Internal 63.1 576 548 6,338

Discovery House Woden, ACT 22,239 100.0 10.2 Oct-2006 60.6 7.75 61.4 7.75 0.8 9.00 Internal 61.4 415 415 4,605

Makerston House Brisbane, QLD 14,652 100.0 2.8 Oct-2006 44.4 8.50 45.1 8.50 0.7 9.75 Internal 45.1 509 520 5,132

The Forum, Verizon St Leonards, NSW 11,711 69.0 3.2 Oct-2006 41.0 8.50 41.8 8.50 0.8 9.75 Internal 41.8 534 526 5,952

Elder House Adelaide, SA 14,086 100.0 3.8 Oct-2006 28.3 8.75 27.9 9.00 (0.4) 9.75 m3 27.9 434 368 3,301

Executive Building Hobart, TAS 9,887 100.0 3.0 Oct-2006 20.6 8.75 20.4 8.75 (0.2) 9.50 Savills 20.4 379 389 3,439

Office portfolio total/average 169,078 96.8 4.7 503.4 8.08 507.3 8.21 3.9 9.42 507.3 443 436 4,647

Retail portfolioJam Factory South Yarra, VIC 20,1271 98.7 8.0 Oct-2006 70.2 8.25 71.1 7.75 0.8 9.00 JLL 71.1 517 517 5,884Century City Walk Glen Waverley, VIC 8,289 100.0 5.2 Jun-2008 30.0 8.50 30.0 8.50 – 9.50 Savills 30.0 443 443 3,619Innaloo Cinema Centre Innaloo, WA 11,549 100.0 6.1 Oct-2006 25.0 8.00 25.5 8.00 0.5 9.25 JLL 25.5 388 388 3,680Kings Langley Kings Langley, NSW 4,157 100.0 7.4 Oct-2006 9.7 8.75 9.4 8.75 (0.3) 9.75 Savills 9.4 420 420 3,753Retail portfolio total/average 44,122 99.3 7.0 134.9 8.30 135.9 8.03 1.0 9.21 135.9 445 445 4,563

Industrial portfolioDistribution centresThe Junction, Stage 2 Enfield, NSW 20,360 99.3 9.9 Jul-2012 34.0 7.75 34.0 7.75 – 9.50 Colliers 34.0 146 146 1,682The Junction, Stage 1 Enfield, NSW 13,437 100.0 3.5 Dec-2008 20.4 8.25 20.4 8.50 – 9.50 Internal 20.4 152 146 1,5186 Foray Street Fairfield, NSW 22,960 71.6 2.1 Oct-2006 16.3 10.00 15.3 10.00 (1.0) 10.00 Colliers 15.3 90 88 664Spotlight Laverton North, VIC 20,723 100.0 9.0 Oct-2006 16.8 8.25 17.3 8.25 0.4 9.75 Internal 17.3 77 77 83512-30 Toll Drive Altona North, VIC 13,885 100.0 3.6 Oct-2006 13.5 8.75 14.0 8.75 0.5 11.00 Colliers 14.0 114 107 1,0082-10 Toll Drive Altona North, VIC 6,244 100.0 0.6 Oct-2006 6.4 8.75 6.4 8.75 0.1 9.75 Internal 6.4 125 110 1,0251-9 Toll Drive Altona North, VIC 3,239 100.0 3.6 Oct-2006 3.5 8.50 3.9 8.50 0.4 10.50 Colliers 3.9 134 133 1,204Distribution portfolio total/average 100,848 94.5 5.5 110.8 8.45 111.3 8.48 0.5 9.85 111.3 115 112 1,103

High techTaylors House Waterloo, NSW 11,084 99.2 4.7 Oct-2006 26.9 8.25 26.9 8.25 – 9.25 Internal 26.9 465 377 4,042187 Todd Road Port Melbourne, VIC 9,308 24.9 1.0 Oct-2006 13.6 9.50 13.6 9.50 – 10.00 Internal 13.6 303 296 2,428Giffnock Avenue North Ryde, NSW 5,973 – 0.0 Jun-2008 12.0 8.75 9.9 9.50 (2.1) 9.75 Colliers 9.9 – 240 1,657High tech portfolio total/average 26,365 55.6 2.6 52.4 8.69 50.3 8.83 (2.1) 9.55 50.3 247 310 2,765Industrial portfolio total/average 127,213 80.1 4.4 163.2 8.53 161.6 8.59 (1.6) 9.75 161.6 132 137 1,357

Australian portfolio total/average 340,413 93.7 5.0 801.5 8.21 804.8 8.26 3.3 9.45 804.8 296 295 3,119

French portfolio m m m $ $ $Sully Sully sur Loire 15,500 100.0 5.5 Jun–2007 9.2 9.00 8.9 9.20 (0.3) – Knight Frank 8.9 104 83 713Aulnay Aulnay sous Bois, Paris 5,105 100.0 3.3 Jun–2007 8.9 6.50 9.3 6.25 0.4 – Knight Frank 9.3 217 193 2,243Beziers Beziers 8,944 100.0 3.2 Jun–2007 8.1 8.25 8.2 8.25 0.2 – Knight Frank 8.2 113 103 1,141Gennevilliers Gennevilliers, Paris 7,409 100.0 8.7 Jun–2007 7.0 7.21 7.2 7.10 0.3 – Knight Frank 7.2 134 134 1,210Tours Parcay-Meslay, Tours 5,610 100.0 6.2 Jun–2007 4.2 8.25 4.4 8.65 0.2 – Knight Frank 4.4 116 105 971

French portfolio total/average 42,568 100.0 5.3 37.4 7.82 38.1 7.81 0.8 – 38.1 114 101 1,107Investment portfolio total/average

382,981 94.1 5.0 847.9 8.19 852.0 8.23 4.1 9.45 852.0 269 266 2,834

Development portfolio $m $m $mThe Junction, Stage 3 Enfield, NSW N/A – – Mar–2007 6.8 – 6.8 – – – Colliers 6.8 – – –Australian development portfolio total/average

– – – 6.8 – 6.8 – – – 6.8 – – –

1 Excludes development (strategic) vacancies.

Our properties…

4

5

Property summaries

1 % of gross income.2 Office only.

ABS House

45 Benjamin Way, Belconnen, ACT

Property details

Ownership interest 60%

Net lettable area 31,050 sqm

Car spaces 400

Occupancy 100%

WALE 4.7 years

Tenancy Multi-tenant

Review type/s Fixed annual reviews

Average gross passing rent $457 psm

Average gross market rent $420 psm

Date acquired October 2006

Book value $87.6 million

Valuation $87.6 million

Valuation date June 2012

Capitalisation rate 8.25%

NABERS energy rating 4.5 star

Property description

The property is located in Belconnen, approximately 10 kilometres north-west of the Canberra CBD. The ‘A’ grade building was completed in 2002 as the national headquarters for the Australian Bureau of Statistics (ABS), and comprises two seven-level office wings joined by a glazed roof atrium. The property provides basement parking for 60 vehicles and on-grade for 340 vehicles.

Major tenants

% Lease leased 1 expiry

Government 99 FY 2017

31 Queen Street

31 Queen Street, Melbourne, VIC

Property details



Car spaces 172

Occupancy 97.4%

WALE 3.7 years


Review type/s Mix of CPI-linked and fixed reviews

Average gross passing rent 2 $456 psm

Average gross market rent 2 $471 psm

Date acquired March 2011







A 27 level office building comprising ground floor retail, 21 upper levels of office accommodation and five levels of basement parking for 172 vehicles. The building has recently undergone a progressive refurbishment program including upgrade of the ground floor foyer and facade, lifts, numerous upper level lift lobbies, and major items of plant and equipment.

Major tenants


OZ Minerals 14.0 FY 2013/ FY 2016

Defence Bank 8.3 FY 2021Hyder Consulting 10.3 FY 2016

DIAC Building

6 Chan Street, Belconnen, ACT

Property details



Car spaces 525

Occupancy 100%

WALE 7.3 years












The property is located in Belconnen, approximately 10 kilometres north-west of the Canberra CBD. The ‘A’ grade building was completed in November 2004 as the national headquarters for the Department of Immigration and Citizenship (DIAC), and comprises two six-level office wings, basement parking for 100 vehicles and on-grade for approximately 425 vehicles. The site also includes vacant land available for development.

Major tenants


Government 97.8 FY 2020


The Forum, Cisco

201 Pacific Highway, St Leonards, NSW

Property details



Car spaces 262

Occupancy 99.1%

WALE 2.4 years


Review type/s Mix of turnover-linked, CPI-linked and fixed reviews








NABERS energy rating 3 star


The property is a landmark development located directly above the St Leonards railway station on Sydney’s lower north shore, approximately six kilometres north of the Sydney CBD. The ‘A’ grade building was completed in 2000 and comprises 20 retail tenancies, 10 floors of office accommodation and basement parking for 262 vehicles.

Major tenants


Cisco Systems 36.6 FY 2014

Flexi Rent 23.6 FY 2015

HCN 7.2 FY 2017

NAB 6.5 FY 2018

6

Discovery House

47 Bowes Street, Woden, ACT

Property details



Car spaces 238

Occupancy 100%

WALE 10.2 years

Tenancy Single-tenant









NABERS energy rating Stage 1 – 4.5 star Stage 2 – 5 star


The property is located in Woden, approximately 10 kilometres south of the Canberra CBD. The property comprises two stages, the first completed in 1997 and the second in 2007, when the building was extended and IP Australia renewed its lease for 15 years.

The whole building now comprises a well integrated design and construction between the new and old sections, with contemporary accommodation and finishes. The total accommodation comprises 20,642 sqm of office, 1,441 sqm of storage, 156 sqm of retail (café), 180 basement car parks and 58 on-grade car parks.

Major tenants


Government 100 FY 2023

Makerston House

30 Makerston Street, Brisbane, QLD

Property details



Car spaces 180

Occupancy 100%

WALE 2.8 years












The property is located on the western fringe of the legal precinct of the Brisbane CBD, approximately 65 metres south-west of the Brisbane Transit Centre. The building comprises a ground floor, 11 upper levels of office and five levels of basement parking and storage.

Major tenants


QLD Police 34.8 FY 2015

Tourism Queensland 26.3 FY 2013/ FY2019

Shine Lawyers 13.8 FY2016

Property summaries (continued)


The Forum, Verizon

203 Pacific Highway, St Leonards, NSW

Property details



Car spaces 151

Occupancy 69.0%

WALE 3.2 years


Review type/s Mixture of fixed, market and CPI-linked reviews








NABERS energy rating 3 star


The property is a landmark development located directly above the St Leonards railway station on Sydney’s lower north shore, approximately six kilometres north of the Sydney CBD. The ‘A’ grade building was completed in 2000 and comprises seven retail tenancies, 10 floors of office accommodation and basement parking for 151 vehicles.

Major tenants


Verizon 27.3 FY 2015

Cardno 28.1 FY 2019

Elder House

27-39 Currie Street, Adelaide, SA

Property details



Car spaces 0

Occupancy 100%

WALE 3.8 years



Average gross passing rent2 $434 psm

Average gross market rent2 $368 psm








The property is located in the core of the Adelaide CBD, and incorporates the heritage section of the former Elder House, constructed in 1940. The ‘A’ grade building comprises a ground level, six upper levels of office accommodation and a basement area, which were substantially refurbished and extended in 2001.

Major tenants


Elders Limited 100 FY 2016

Executive Building

15 Murray Street, Hobart, TAS

Property details



Car spaces 125

Occupancy 100%

WALE 3.0 years


Review type/s Market reviews










The property is located in the core of the Hobart CBD. The ‘A’ grade building was completed in March 1987 and comprises nine levels of modern office accommodation and two levels of parking for 125 vehicles.

Major tenants


The Crown in Right of the State of Tasmania 100 FY 2015

Innaloo Cinema Centre

57 Liege Street, Woodlands, Perth, WA

Property details



Car spaces 1,046

Occupancy 100%

WALE 6.1 years


Review type/s Mix of CPI-linked, fixed and market reviews









The property is located in Innaloo, approximately 11 kilometres north-west of the Perth CBD. Originally a small cinema and drive-in complex, the property has undergone a staged redevelopment and today comprises a modern 16-screen cinema complex with on-site parking for in excess of 1,046 vehicles.

Major tenants


Greater Union 75.1 FY 2019

Sizzlers 8.8 FY 2020

8

Jam Factory

500 Chapel Street, South Yarra, VIC

Property details


Net lettable area 3 20,127 sqm

Car spaces 970

Occupancy 98.7%

WALE 8.0 years











The property is located on Chapel Street, South Yarra, approximately six kilometres south-east of the Melbourne CBD. Originally a manufacturing plant for jams and preserves, the property has been converted into a popular cinema and retail complex. The building comprises a 15-screen cinema complex, a retail precinct, level two office precinct and a five-level car park for 970 vehicles.

Major tenants


Village Cinemas 31.6 FY 2018

Village Office 20.6 FY 2025

Topshop 7.2 FY 2022


1 % of gross income.2 Initial 60% purchased October 2006, balance purchased 30 June 2008.3 Ex Strategy’s/Development vacancy.

Century City Walk

285-287 Springvale Road, Glen Waverley, VIC

Property details



Car spaces N/A

Occupancy 100%

WALE 5.2 years





Date acquired 2 June 2008






The property is located adjacent to the Novotel Hotel on Springvale Road, Glen Waverley, approximately 26 kilometres south-east of the Melbourne CBD. The building was originally completed in 1998 and refurbished in 2010. It comprises a 10-screen cinema centre, Strike bowling alley, seven restaurant and café tenancies and a bar plus gaming area situated around a ground level pedestrian mall.

Major tenants


Village Cinemas 46.0 FY 2020

Century City 20.1 FY 2015 Entertainment

91 % of gross income.2 Development completion date.

Kings Langley Shopping Centre

13 Ravenhill Street, Kings Langley, NSW

Property details



Car spaces 140

Occupancy 100%

WALE 7.4 years


Review type/s Mix of turnover-linked, CPI-linked and fixed reviews









The property is located in Kings Langley, approximately 40 kilometres north-west of the Sydney CBD. The property is a neighbourhood shopping centre which comprises a Woolworths supermarket, a mezzanine area, nine specialty retail shops and on-site parking for 140 vehicles.

Major tenants


Woolworths 66.0 FY 2022

Network Video 5.0 FY 2016

Commonwealth Bank 7.0 FY 2018 of Australia

The Junction Industrial Park (Stage 2)

34-48 Cosgrove Road Enfield, NSW

Property details



Car spaces 155

Occupancy 99%

WALE 9.9 years


Review type/s Mix CPI/Fixed with market



Date acquired 2 July 2012

Book value $34 million

Valuation $34 million




CDI has secured a ten year lease pre-commitment with Bunzl Australaisa Limited for construction of a new 20,200 sqm distribution facility on Stage 2, with the Stage 2 development also including 150 sqm café facilities. Construction commenced in September 2011 and practical completion was achieved 2 July 2012 with rent commencement 3 July 2012.

Major tenants


Bunzl Australasia Ltd 99.3 FY 2022


34-48 Cosgrove Road, Enfield, NSW

Property details



Car spaces 73

Occupancy 100%

WALE 3.5 years





Date acquired 2 December 2008






The property comprises a recently constructed industrial facility extending to a lettable area of 13,437 sqm.

The property is located on the fringe of the established central Sydney suburb of Enfield.

Major tenants


K.W. Doggetts 100 FY 2016

1 % of gross income.10


12-30 Toll Drive

12-30 Toll Drive, Altona North, VIC

Property details



Car spaces 215

Occupancy 100%

WALE 3.6 years











The property is located in Altona North, approximately 12 kilometres south-west of the Melbourne CBD. The site includes a warehouse facility, office accommodation, hardstand space, a security gatehouse, canopied areas, a weigh bridge, landscaping and parking for 215 vehicles.

Major tenants


Toll Transport Pty Ltd 100 FY 2016

Spotlight

217-225 Boundary Road, Laverton North, VIC

Property details



Car spaces N/A

Occupancy 100%

WALE 9.0 years











The property is located on Boundary Road, Laverton North, approximately 15 kilometres west of the Melbourne CBD. This is an established industrial area that is well serviced by major roads including Princes Freeway, which provides excellent access to the Western Ring Road, Westgate Freeway and Melbourne CityLink. The building was completed in November 1999 and comprises warehouse and office facilities which were purpose built for Spotlight Stores Pty Ltd.

Major tenants


Spotlight Stores Pty Ltd 100 FY 2021

6 Foray Street

6 Foray Street, Fairfield, NSW

Property details



Car spaces N/A

Occupancy 71.6%

WALE 2.1 years











The property is located at Fairfield, approximately 29 kilometres west of the Sydney CBD, within close proximity of several major arterial roads including the Cumberland Highway, the M4 Motorway, Horsley Drive and Woodville Road. The property has been developed in various stages over the past 30 years, and today comprises two main manufacturing and warehouse buildings, commercial office facilities and a large parking area.

Major tenants


IFC Warehousing 71.6 FY 2015 and Distribution

1 % of gross income. 11


2-10 Toll Drive


Property details



Car spaces N/A

Occupancy 100%

WALE 0.6 years











The property is located in Altona North, approximately 12 kilometres south-west of the Melbourne CBD. The site includes a warehouse facility, office accommodation, hardstand space and canopied areas.

Major tenants



1-9 Toll Drive


Property details



Car spaces 42

Occupancy 100%

WALE 3.6 years











The property is located in Altona North, approximately 12 kilometres south-west of the Melbourne CBD. The site is currently utilised as a truck depot and comprises a single-level office, amenities and sleeping quarters building, a high clearance mechanic workshop and truck wash facility and a large four-bay undercover fuelling station. It also includes hardstand space and truck manoeuvring areas, landscaping and parking for 42 vehicles.

Major tenants



Taylors House

965 Bourke Street, Waterloo, NSW

Property details



Car spaces 96

Occupancy 99.2%

WALE 4.7 years










NABERS energy rating Exempt


The property is located in Waterloo, approximately five kilometres south of the Sydney CBD. The building was completed in January 2001, and comprises a ground floor retail area, four levels of office and college accommodation and basement parking for 96 vehicles.

Major tenants


Taylors College 84.0 FY 2018

Possum Furniture 7.4 FY 2013

12


Property details



Car spaces 350

Occupancy 24.9%

WALE 1.0 years










NABERS energy rating Exempt


A modern commercial building located in a prime commercial/industrial high tech precinct on a corner allotment enjoying three street frontages in close proximity to the Melbourne CBD and major transport linkages (Westgate Freeway and CityLink Tollway). The property provides three levels of modern office accommodation, together with ancillary laboratory and warehouse/storage areas. 333 undercover car parks are provided on-site over two levels, plus 17 original parking spaces fronting Wirraway Drive.

Major tenants


George Western 24.9 FY 2017

187 Todd Road

187 Todd Road, Port Melbourne, VIC

Property details



Car spaces N/A

Occupancy 100%

WALE 5.5 years


Review type/s Annual reviews to INSEE Construction Cost Index

Average gross passing rent a84 psm ($104 psm)

Average gross market rent a67 psm ($83 psm)

Date acquired June 2007

Book value a8.9 million ($11.1 million)

Valuation a8.9 million ($11.1 million)




The property is a modern factory and office headquarters located approximately 50 kilometres east of Orleans and 160 kilometres south of Paris. The property is leased to Inteva, a major European car component manufacturer.

Major tenants


Inteva 100 FY 2018

Sully

105 Route d’Orleans, Sully sur Loire, France

1 % of gross income.2 Excludes amenities.

Property details


Net lettable area 2 5,972 sqm

Car spaces 133

Occupancy –

WALE 0 years

Tenancy Vacant

Review type/s N/A

Average gross passing rent NIL psm









This is a key strategic holding approximately 12 kilometres north-west of the Sydney CBD within close proximity to Lane Cove Road and the new Chatswood-Epping rail link. Within 200 metres of Macquarie Park station, the site offers potential for capital growth through future redevelopment. The property comprises a two-storey office building with an attached high clearance warehouse to the rear and on-grade parking for 133 vehicles.

Major tenants


Vacant

Giffnock Avenue

2-4 Giffnock Avenue, North Ryde, NSW

1 % of gross income.

Property details



Car spaces 285

Occupancy 100%

WALE 3.3 years











The property is a modern retail warehouse located in a suburban centre approximately 19 kilometres to the north-east of central Paris in a high tech industrial precinct. The property is leased to Bricoman, a hardware retailer.

Major tenants


Bricoman 100 FY 2016

13

Property details



Car spaces N/A

Occupancy 100%

WALE 3.2 years











The property is a modern chillstore/logistics facility located in Beziers’ prime logistics estate adjacent to the A9 – the main east/west road link between Spain, France and Italy. The property is leased to Exel, a major French logistics and distribution operator.

Major tenants


Exel 100 FY 20192

Beziers

Rue Charles Nicolle Villeneuve les Beziers, France

Property details

Ownership interest 100% (Leasehold until 2047)


Car spaces N/A

Occupancy 100%

WALE 8.7 years











The property is a modern industrial warehouse facility located in the established North Paris mixed commercial area of Zac de Louvresses. The property is leased to GrDF, a major French gas supplier and distributor.

Major tenants


GrDF 100 FY 2021

Gennevilliers

ZAC des Louvresses, Gennevilliers, Paris, France

1 % of gross income.2 Tenant can break lease in FY 2016 and this is reflected in the WALE.

Property details



Car spaces 285

Occupancy 100%

WALE 3.3 years











The property is a modern retail warehouse located in a suburban centre approximately 19 kilometres to the north-east of central Paris in a high tech industrial precinct. The property is leased to Bricoman, a hardware retailer.

Major tenants


Bricoman 100 FY 2016

Aulnay

54 Avenue de Savigny, Aulnay sous Bois, Paris, France

1 % of gross income.2 Tenant can break least in FY 2019 and this is reflected in the WALE.14


Tours

ZI du Papillon, Parcay-Meslay, Tours, France

Property details



Car spaces N/A

Occupancy 100%

WALE 6.2 years











The property is a modern chillstore/logistics facility centrally located in a prime logistics park in Tours, the regional centre of the Indie et Loire. The property is leased to ATAC, a major French logistics and distribution operator.

Major tenants


ATAC 100 FY 20222


34-48 Cosgrove Road Enfield, NSW

Property details

Ownership Interest 100%


The 8.56 ha site is located near the intersection of the Hume Highway and Roberts Road and opposite the Enfield Intermodal Logistics Centre in the established central western industrial area of Enfield.

Stage 1 and 2 comprising 33,637 sqm of warehouse facilities are fully leased and CDI is continuing to pursue a tenant pre-commitment for Stage 3.

Stage 3 comprises the remaining developable portion of the site, extending to an area of 22,828 sqm with master plan approval to construct a 12,660 sqm warehouse/distribution facility.

Property details



In May 2008, CDI signed two leases and a development deed with the Royal Botanic Gardens Trust (BGT) to manage and upgrade the Domain car park. CDI has two leases – four years and 21 years. The Domain car park is a three-level 1,123 bay car park located in close proximity to Sydney’s midcity CBD, Royal Botanic Gardens and Art Gallery of NSW. The car park is one of the largest car parks in Sydney and benefits from recent refurbishment works including lift installations, increased upgrades to building safety and security systems.

Refurbishment works reached practical completion on 18 July.

Domain

Royal Botanic Gardens, Sydney, NSW

Level 15 255 Pitt Street Sydney NSW 2000 telephone 02 9994 7000 facsimile 02 9994 7777

www.challenger.com.au

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Documents

Portfolio Summary - challengergroup.net · Portfolio Summary Challenger Diversified Property Group as at 30 June 2012 Challenger Diversified Property Group comprising: ... Australian