MIRVAC'S DISCIPLINED APPROACH TO ALLOCATING CAPITAL DRIVING RETURNS
URBAN STRATEGY (SYDNEY/MELBOURNE OVERWEIGHT)
85-90% Investment
10-15% Development
Secure yield - underpins Group distribution
Disciplined growth
$ .
$ .
109bn
18bn
Office & Industrial
Retail
Residential
Office, Industrial & Retail
30 APRIL 2019
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Macquarie Australia Conference
FOCUSED URBAN ASSET CREATION CAPABILITY DRIVING LONGER TERM GROWTH
>>Asset creation capability improving portfolio quality and recurring earnings
>>Investing incremental capital in the creation of $3.1bn of modern high quality assets
>>Consistent growth from passive recurring earnings funding distribution growth
>>IPUC1 increased 37% in 1H19 and will continue to increase in FY20
>>Expected strong future returns on active capital, but timing variable
5%
$
$
2.7bn
3.1bn
Forecast average passive
of modern office and
Active
earnings growth p.a.
industrial buildings delivered
development
FY19-21
over the past six years
pipeline2
1.Investment Properties Under Construction $389m as at 1H19.
2.As at 31 March 2019.
EXECUTED STRATEGY TO SELL REGIONAL/NON-CORE ASSETS & CREATE A MODERN CORE PORTFOLIO
120,000 sqm
8%
477 Collins St
MEL
RSQ
MEL
80,000
6
275 Kent St
SYD
367 Collins St
Bldg 2 ATP
MEL
SYD
80 Ann St
699 Bourke St
2 RSQ
BRIS
40,000
MEL
MEL
4
Locomotive
Workshops
664
SYD
8 Chifley Square
Collins St
SYD
200
MEL
Bldg
DMJC
George St
1 & 3,
SYD
ATP
PER
0
SYD
2
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
New Oice developments Reposition / refurbish Australian composite cap rate (RHS)
Source: Mirvac and MSCI.
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Macquarie Australia Conference
OUR PURPOSE: TO REIMAGINE URBAN LIFE
Shaping the future of Australia's cities & urban areas
TRAMSHEDS, SYD
WOODLEA, MEL
GREEN SQUARE, SYD
664 COLLINS STREET, MEL
CALIBRE, SYD
ATP, SOUTH EVELEIGH, SYD
We leave a legacy of sustainable, connected & vibrant urban environments
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Macquarie Australia Conference
AUSTRALIA'S FIRST INDIGENOUS ROOFTOP FARM AT SOUTH EVELEIGH
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Mirvac Group published this content on 30 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 April 2019 22:52:06 UTC
Mirvac Group is an Australia-based company, which is property investment for the purpose of deriving rental income and investments in unlisted funds. It owns and manages assets across the residential, office and industrial, retail and build to rent sectors. The Companyâs residential properties include houses, apartments, townhouses and land. It has residential apartment projects and communities across New South Wales, Queensland, Victoria & Western Australia. Its portfolio of office properties includes 101-103 Miller Street, North Sydney; 410 Ann Street, Brisbane; Locomotive Workshop, South Eveleigh; 380 St Kilda Road, Melbourne; 31 Market Street, Sydney; 367 Collins Street, Melbourne; 10-20 Bond Street, Sydney and others. Its portfolio of industrial properties includes 39 Herbert Street, St Leonards. Its Birkenhead Point Brand Outlet is situated five kilometers from Sydney CBD on a prime 3.7-hectare waterfront site.
MIRVAC GROUP 
