Growthpoint Interactive Half Year Report 2018

What’s inside Directors’ Report Introduction from the Chairman and Managing Director 3 HY18 at a glance 5 Overview of Growthpoint 6 Financial management 8 Property portfolio overview 14 Office portfolio review 18 Industrial portfolio review 22 Board of Directors 26 Executive management 26 Interim Financial Report Contents 27 Financial Statements 28 Notes to the Financial Statements 33 Directors’ Declaration 50 Auditor’s Independence Declaration 51 Independent Auditor’s Report 52 Additional information Detailed Portfolio information 54 About Growthpoint South Africa 57 Securityholder information 58 Frequently asked questions 59 Glossary 60 Securityholder calendar 60 Contact details 63 Corporate directory 63 About this Report This is the Half Year Report for Growthpoint Properties Australia (comprising Growthpoint Properties Australia Limited, Growthpoint Properties Australia Trust and their controlled entities) for the six months ended 31 December 2017. It is available online at www.growthpoint.com.au and in hard copy. Persons can request a hard copy through any of the communication methods listed on the inside back cover of this report. This report provides readers with an overview of Growthpoint’s business including summaries of the strategies, objectives, assets, operating model, achievements, key risks and opportunities at 20 February 2018 as well as detailed financial information over the last six months, one year and five year periods. There are also references which enable readers to obtain more information should they wish to. About the Directors’ Report The Directors’ Report which follows is signed in Melbourne on 20 February 2018 in accordance with a resolution of the Directors of Growthpoint Properties Australia Limited. The Directors’ Report comprises pages 3 to 26 of this report except where referenced otherwise. 3 Murray Rose Avenue, Sydney Olympic Park, NSW