Growthpoint Interactive Half Year Report 2019

$548.3m accretive opportunities committed since June 2018. $ 150.0 m July 2018 1 $ 91.3 m October 2018 2 West Perth office acquisition Botanicca 3 development Construction of new 19,300 sqm office building underway in Richmond, Victoria t t Construction currently tracking ahead of schedule with completion expected in first half of 2020 t t Strong engagement from a number of prospective tenants t t Expected to deliver fully let yield on development cost of between 7.5% and 8.5% with opportunity for capital gain above development cost Inaugural office investment in Perth, Western Australia t t Modern, A-Grade office building t t 100% leased to Commonwealth of Australia t t Long WALE (8.1 years) t t Annual rent reviews of 3.75% 1. Market value as if complete, assuming vacant possession. 2. Prior to acquisition costs. 6 Growthpoint Properties Australia | 2019 Half Year Report