55 Elizabeth St Brisbane

55 Elizabeth St Brisbane. PC022083 55 Elizabeth Street, Brisbane Nathan Murray Flickr Client: Grocon Developments Project Value: $75 million (base building) Project Design: BVN Architecture Contractor: Grocon WT has provided cost planning services on this proposed 5 Star Greenstar project with the second largest pre-leasing deal done in Brisbane with a lease in excess of 18,000m2 signed between the ATO and Grocon in January 2011. March 2023 55 Elizabeth Street, Brisbane Deep value CBD investment opportunity STRICTLY CONFIDENTIAL Investment rationale • Counter cyclical pricing • Acquisition market yield of 8.5% reflects significant discount to current market • Unlevered yield of 9.9% - 300 bps softer than the 23 year average • Capital value of $9,351 per sqm of NLA - 50% below current replacement value

The 55 Elizabeth Street (Brisbane) Fund is a closed-ended, single asset, unlisted property fund that invests in the commercial A-grade office property located at 55 Elizabeth Street, Brisbane QLD The property benefits from direct exposure to Elizabeth Street, a strategic position opposite the Myer Centre and close proximity to the Queen Street Mall

PC022086 55 Elizabeth Street, Brisbane Nathan Murray Flickr

The property benefits from direct exposure to Elizabeth Street, a strategic position opposite the Myer Centre and close proximity to the Queen Street Mall The Property, 55 Elizabeth Street, Brisbane QLD, is a high quality, A-grade CBD office building that was purpose built in 2013 for the Australian Taxation Office (ATO) Constructed in 2013, the property was purpose built to service the long-term requirements for the Australian Taxation Office (ATO) who currently occupies 97% of the building.

P2172861 55 Elizabeth Street, Brisbane Nathan Murray Flickr. 55 Elizabeth Street is a 15-level A-grade office building located in the Brisbane CBD Client: Grocon Developments Project Value: $75 million (base building) Project Design: BVN Architecture Contractor: Grocon WT has provided cost planning services on this proposed 5 Star Greenstar project with the second largest pre-leasing deal done in Brisbane with a lease in excess of 18,000m2 signed between the ATO and Grocon in January 2011.

55 Elizabeth Street BVN. The development won the 2014 Royal Australian Institute of Architects (RAIA) Queensland Beatrice Hutton Award for Commercial Architecture and the 2014 RAIA Brisbane Regional Commendation for Commercial Architecture. 55 Elizabeth Street Brisbane Significant commercial office development demonstrating sensitive urban design within a heritage context, with activated street frontage and public laneway