1. 115 Hyde Road|Yeronga Industrial Prospects Hyde Rd Industrial Precinct Scoping Workshop – September 2015

2. INTRODUCTION Sam Stewart – Qld Industrial Services Sales and leasing executive with a focus on the central southern industrial regions of Brisbane. Hyde Road Involvement Appointed by AkzoNobel to sell the Hyde Road asset Items for discussion today Overview of current industrial leasing market Industrial potential for Hyde Road – Strengths & challenges Leasing options and industrial redevelopment Anticipated rental rates Leasing target market and example tenants

3. CURRENT INDUSTRIAL LEASING MARKET Recent increase in enquiry and leasing activity in second half of 2015 after a slower start Competitive pre-commitment deals – up to 17% incentives Downward pressure on prime rents for new existing industrial facilities Divided secondary grade leasing market Generic older style facilities in core industrial areas still attracting interest Large high site cover manufacturing facilities experiencing lengthy let-up periods

4. HYDE ROAD – INDUSTRIAL POTENTIAL Strengths / Opportunities Proximity and access to the CBD Local amenity and public transport for staff Potential for short to medium term tenants for existing improvements Regular shaped block with good proportions allowing flexible industrial development schemes Redevelopment opportunities Alternative option for industrial fringe users Ability to achieve a premium industrial rental rate Ability to provide flexible areas and office warehouse breakdowns (STCA) Challenges / Threats Predominantly residential - limited surrounding industrial occupiers / tenants Existing facility – Quality of tenants Limited access routes Restricted truck access and hours of operation Distance from major arterial transport routes Smaller target market for tenants More affordable alternatives Competing facilities with General Industry zoning codes

5. INDUSTRIAL DEVELOPMENT / LEASING OPTIONS EXISTING HYDE ROAD FACILITY Description: Approximately 8,000sqm of GFA comprising a mixture office, factory & workshop, warehousing and storage space. Rental Rates: Office/Admin$150 - 175/sqm Warehouse$50 – 70/sqm

6. INDUSTRIAL DEVELOPMENT / LEASING OPTIONS INDUSTRIAL UNIT SCHEME Description: Generic industrial units with 10-20% office content over one or two levels. Clear span, high clearance warehouse with single or multiple roller door access. Rental Rates: $125 – 150/sqm

7. INDUSTRIAL DEVELOPMENT / LEASING OPTIONS BUSINESS PARK / HIGHTECH INDUSTRIAL Description: High office content industrial units, generally anything over 30% office. Usually comprise corporate grade office accommodation over 2 levels with small warehouse component. Rental Rates: $220 – 280/sqm

8. Target Market Immediate Rule-outs Transport & Logistics Medium to heavy manufacturing industry Medium to Large scale storage and distribution tenants Tenants requiring unrestricted hours of operation Companies requiring main road exposure

9. Target Market – Existing Facility Example Tenants Short – medium term leases Reconfiguration to allow for self-storage facility Smaller scale engineering firms with light manufacturing requirements Moving and storage tenants Furniture storage companies Steel storage and distribution Office / admin building – fringe alternative for near city smaller office users Auction houses

10. Target Market - Industrial Unit Redevelopment Example Tenants IT companies Business and trade training centres Service style businesses Pharmaceuticals Smaller cold room users Small architecture and construction firms Satellite offices for larger national firms requiring small storage area Gym operators Café

11. Questions?