Investor Presentaiton
Celebrating 50 years FY22 Additional Information
Commercial & Mixed Use: recently completed & committed projects
50
mirvac
%
Pre-leased on
Recently completed projects
Locomotive Workshop, Sydney
Sector
Area
Ownership
completion¹
Estimated
value on
completion 2
80 Ann Street, Brisbane
Mixed Use
Office
~31,400 sqm5
51%
97%5
$472m
Estimated
yield on cost ³
6.1%
Lease
PC/OC date
commencement
Aug 2021
~62,800 sqm
50%
98%
$867m
6.0%
Apr 2022
FY22
FY23
Total
~94,200 sqm
98%
$1,339m
%
Committed
Sector
Area / lots
Ownership
Pre-leased 1
Estimated
value on
completion 2
Estimated project timing"
Estimated
yield on cost ³
FY23
FY24
FY25+
Switchyard Auburn, Sydney
Industrial
~72,000 sqm
51%
58%
~$345m
~5.3%
LIV Munro, Melbourne
BTR
490
100%
n/a
~$355m6
> 4.5%
LIV Aston, Melbourne
BTR
474
100%
n/a
TBC
> 4.5%
LIV Anura, Brisbane
BTR
396
100%
n/a
TBC
> 4.5%
Aspect Kemps Creek, Sydney
Industrial
~211,000 sqm
100%
48%
~$720m
~4.8%
1. % of space pre-leased, including non-binding heads of agreements. Areas are approximate, subject to rounding.
2. Represents 100% of expected development end value based on agreed cap rate, subject to various factors outside of Mirvac's control such as planning outcomes, market demand and COVID-19 uncertainties.
3. Expected yield on cost including land and interest. Subject to COVID-19 impact on market conditions.
4. Project timing subject to change due to various factors outside of Mirvac's control such as planning outcomes, market demand and COVID-19 uncertainties.
5. Office component -23,000 sqm, 96% pre-let and retail component -8,000 sqm, 100% pre-let.
6. Represents forecast value on completion incorporating a stabilisation allowance and subject to various factors outside of Mirvac's control such as planning, market demand and COVID-19 uncertainties.
11 AUGUST 2022 | 75View entire presentation