Investor Presentaiton

FOREIGN INVESTORS ARE PURSUING THESE DEVELOPMENT OPPORTUNITIES 140 120 100 Number of deals 4 % 800 60 40 Inner City Development Site Acquisitions (Sydney, Melbourne, Brisbane) year to April Comprising: • Sydney (37) - average site price $65m · · Melbourne (52) - average site price $20m Brisbane (26) average site price $20m 20 0 2012 2013 Local ■Foreign other CBRE 2014 2015 ■China 19 Source: Real Capital Analytics; CBRE CBRE | AUSTRALIAN COMMERCIAL PROPERTY

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