Robust 1Q 2022 Portfolio Performance
Australia Office Market
Sydney CBD
Prime Grade occupancy
decreased to 88.4%
91.3%
94.9%
96.0%
95.2%
87.5% 88.6% 88.4%
90.8% 92.1% 90.4%
89.9%
82.7%
75.5%
79.9%
1,032
1,045
964
930
799
885
891
North Sydney
641
676
729
688
580
651
662
Prime Grade occupancy
increased to 82.7%
4Q16
4Q17
4Q20 4Q21 1Q22
4Q16
4Q17
4Q18
4Q19 4Q20 4Q21
Prime Gross Effective Rent (AUD psm/year)
Prime Grade Occupancy (%)
1Q22
4Q18 4Q19
Prime Gross Effective Rent (AUD psm/year)
Prime Grade Occupancy (%)
94.3%
93.7% 93.6% 94.7%
92.1%
94.0%
97.0% 98.2%
86.2%
84.7%
84.7%
89.6%
88.8%
88.3%
Macquarie Park
Melbourne CBD
503
538
573
546
516
519
448
Prime Grade occupancy
decreased to 88.3%
321
344
367
391
378
379
379
Prime Grade occupancy
maintained at 84.7%
4Q16
4Q17
4Q18
4Q19
4Q20 4Q21 1Q22
Prime Gross Effective Rent (AUD psm/year)
Prime Grade Occupancy (%)
Perth CBD
Prime Grade occupancy
decreased to 84.6%
Keppel REIT
Source: JLL Research, 1Q 2022.
4Q16
4Q17
4Q18 4Q19 4Q20 4Q21
Prime Gross Effective Rent (AUD psm/year)
Prime Grade Occupancy (%)
1Q22
81.4%
84.0% 86.5% 84.3%
86.0%
84.6%
77.7%
431
435
447
453
444
447
448
4Q16
4Q17
4Q19 4Q20 4Q21
1Q22
4Q18
Prime Gross Effective Rent (AUD psm/year)
Prime Grade Occupancy (%)
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