WORKING OUR PROPERTY ASSETS– ACHIEVING VALUE

FOR OUR COMMUNITIES

2014 Local Authority Property Association Conference

David Rankin, Chief Executive, Auckland Council Property Ltd

Service Portfolio categories

Transport Project 59%

Auckland Council Commercial on Reserve/

Community Facility 15%

Auckland Council House on Park/Reserve

7%

Auckland Council Project 14%

Potential development project

4%

REPORT DEFINITION:

CommercialCommercial use of

Council LandResidential

Overall Average

Increase %

ACPL % Increase in Rent Value Jun 12 - Jun 14 2.77% 1.86% 13.17% 5.93%

Commercial - Colliers International

Market % Increase in Rent ValueJun 12 - Jun 14 2.20% N/A

Residential - MBIE - Building and Housing

Market % Increase in Rent ValueJun 12 - Jun 14 7.32%

ACPL's % difference performance compared

to Market20.58% N/A 44.42% 19.78%

# of Like for Like Tenancies analysed for this

report230 71 206 507

NOTE:Source: Commercial average of Colliers International (research of extensive commercial market data carried out with Colliers showing best match to ACPL's portfolio)

Source: 'Market data' for land is not separated out from the Commercial data, thus a specific % will not be provided

Source: Residential Bonds lodged at the MBIE - Building and Housing

To compare ACPL annual gross rent increases with annual market rent increases at one point in time with another for the same

group of like for like properties (tenancies) with the same circumstance. This will provide a measure of ACPL’s rent increase %

compared to market rent increase %.

4.76%

1

2

1

3

2

3

Market % difference

Rationalisation process

Disposals Numbers Total presented for approval to sell 2011- July 2014 $185m

Deferred $17.5m

Total approved $167.5m

Total legacy approvals as researched $129.5 m

Total approved for sale $297m

Sold $68.5m

Old Papatoetoe

Cambridge Terrace

Site Plan Concept

Cambridge Terrace

Cambridge Terrace

1 Trent Street

1 Trent Street

Lot 59 Manukau Transit Orientated Development

Lot 59 Manukau – TOD Master Plan

16 Bay Bus Terminal

40,000sqm Commercial & Residential

MIT & Railway Station

Civic Building

Lot 59 Manukau – Artist Impression

Hobsonville

Hobsonville Master plan

MIP the AIRFIELDS

Hobsonville Launch Road

Ormiston Town Centre Stage 1 Residential

Ormiston Town Centre Stage One Earthworks

Link Crescent Whangaparoa

DRAFT CONCEPT PLAN

Wilsher Housing Project

Wilsher Housing Project