Investa Office Sustainability Report 2014

14

30 June 2014Investa Office

Sustainability Report

INVESTA OFFICE

INVESTA OFFICE

What’s inside

Proactively delivering value through a high performing, service focused platform

Overview 01

Letter from the CEO, Investa Office 02

Letter from the Joint Managing Directors, The Group 03

About Investa Office 04

Highlights 06

Our Customers 08

Buildings for people 08

Stakeholder approach 10

Our Strategy 11

First Choice for Tenants 12

Leadership in Responsible Investment 20

Research and Innovation 25

Optimising Operational Performance 26

Our People 33

Development and Diversity 34

Our Community 36

Methodology and approach 38

Assurance Statement 39

Glossary 40

Investa Office (Investa) is an Australian office sector specialist and part of the Investa Property Group (The Group). Investa operates across the entire spectrum of office ownership, management and development to create value for our investors.

In everything we do we are guided by our values: innovation, integrity, teamwork, performance and customer first.

> investa.com.au/2014-sustainability-report

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01

To find out more about Investa Office’s latest performance visit:

02 INVESTA OFFICE SUSTAINABILITY REPORT 2014

Campbell Hanan, CEO, Investa OfficeJonathan Callaghan, Joint Managing Director, Investa Property Group and

Ming Long, Joint Managing Director and Finance Director, Investa Property Group

Letter from the CEO

Letter from the Managing Directors

1. FY14 – Australian Financial Year which covers the period 1st July 2013 to 30th June 2014. All financial values as at 30th June 2014.2. Environmental performance statistics are reported three months in arrears from 1st April 2013 to 31st March 2014 to enable more timely reporting of billing data from utilities. *excludes private mandates

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0302 INVESTA OFFICE FUND SUSTAINABILITY REPORT 2014

It has been a great year for Investa Office. Our customer centric approach has been well-received following the repositioning of the business to deliver better service to our customers and continued value creation in our funds and assets under management.

More on-site management offices have delivered impressive leasing and tenant satisfaction scores, despite some of the most challenging CBD market conditions in decades. Over 195,000sqm was leased in the period, delivering solid returns to our investors and thriving business communities in our buildings.

We continue to focus on innovative ways to engage tenants and their staff in the environmental performance of our buildings. Successful tenant partnerships have enabled vertical community programs, including the innovative ‘Building Run’ digital art project. New end-of-trip facilities across the portfolio are supporting healthy lifestyles for building occupants, who are increasingly taking advantage of new city cycleways.

Environmental performance continues to be proactively managed with a 50%2 reduction in emissions intensity since FY041 despite Australia experiencing another year of record high average temperatures and changes in the use of office space increasing the heat loads on our buildings.

Investa Office’s managed funds, Investa Office Fund (IOF), Investa Commercial Property Fund (ICPF) and Investa Property Trust (IPT) were again recognised internationally as “Green Stars” by the Global Real Estate Sustainability Benchmark (GRESB).

Both IOF and ICPF have improved the quality of their portfolios and environmental outcomes whilst delivering attractive, risk adjusted returns.

Our diverse and committed employees continue to be the driving force behind the financial and environmental value we create for our tenants, investors and stakeholders. Congratulations to all of our people for making Investa the partner of choice in Australian office.

Yours sincerely,

Campbell HananChief Executive Officer, Investa Office

Financial Year 2014 has been a successful one for Investa Property Group. Following a strategic reorganisation in 2013, both the Investa Office and Investa Land businesses delivered strong results, respectively generating 88% and 12% of Group operating revenue in FY14. The Group continues to respond to environmental and social challenges, with innovations benefitting our customers, engaging our people and delivering value and transparency to our investors.

Celebrating over a decade of sustainability performance reporting, the Group continues to be noted as a leader in creating a sustainable built environment. With our partners, the Australian Business Roundtable for Disaster Resilience and Safer Communities released a second research paper to urge Government to prioritise cost effective, pro-active resilience solutions for Australian communities.

Investa people have continued to support social change through fundraising and volunteering initiatives, providing ongoing support for the Property Industry Foundation, alongside other employee-led giving.

The Group Diversity Committee is now in place, with statistics confirming our employees are culturally diverse and highly trained. Our business actively participated in the Property Council of Australia’s Women in Property Mentoring Program in FY14, supporting broader social change in our industry.

On behalf of the Board we would like to take this opportunity to congratulate the Investa Office and Investa Land businesses on continuing to generate social and financial value for our stakeholders and for their increasing customer focus across our business operations.

Yours sincerely,

Ming Long, Joint Managing Director and Finance Director, Investa Property Group

Jonathan Callaghan, Joint Managing Director, Investa Property Group

Investa Office celebrates 10 years of best practice environmental management and successful repositioning to meet our customer needs – now and into the future.”Campbell Hanan, Chief Executive Officer, Investa Office

Our investors are increasingly interested in how we manage climate change and environmental, social and governance risks across our business.” Ming Long, Joint Managing Director, Investa Property Group

INVESTA LANDA$3.1 billion (end value)

INVESTA OFFICE*AUM: A$8.45 billion

INVESTA OFFICE FUND

(IOF)

AUM: A$3.1 billion

INVESTA COMMERCIAL

PROPERTY FUND

AUM: A$2.2 billion

INVESTA PROPERTY

TRUST

AUM: A$2.6 billion

INVESTA PROPERTY

GROUP

ASSET MANAGER

CO-INVESTOR

OWNER AND MANAGER

48Australian

Office Buildings

Integrated service platform

Funds

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Lega

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Finance, tax

and treasury

Human Resources

Development

Marketing

Sustain

ability,

safety an

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Rese

arch

Proj

ects

and

tech

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Asset servicesAsset management

Property managementFacilities management

Capital transactions

Real estate operations

Investa’s integrated platf

orm

In

vesta’s integrated platform

INVESTAOFFICE

All values as at 30th June 2014.

Who is Investa?> Investa Office Fund (IOF)

an ASX listed real estate investment trust, $3.1bn

> Investa Commercial Property Trust (ICPF) an unlisted wholesale investment fund, $2.2bn

> Investa Property Trust (IPT) the Group’s internal fund, $2.6bn

> Other Mandates

One of the largest office managers in Australia A$8.45bn

assets owned/managed

Geographic diversification of assetsBy building area sqm NLA

REGION sqm NLA (%)

Sydney CBD 42

North Sydney 12

Macquarie Park 2

Melbourne CBD 19

Brisbane CBD 15

Brisbane Fringe 2

Perth CBD 8

Canberra 1

Total 100

1m+sqmTotal net lettable area

48Commercial office buildings

Investa is an Australian office sector specialist which provides a comprehensive range of services through its integrated real estate management platform. In FY14, Investa owned or managed 48 institutional grade commercial office buildings located in major Australian CBD markets. It also managed listed and unlisted funds invested in these assets on behalf of over 17,000 institutional and retail investors world-wide.

42%

12%

19%

15%

8%

2%

2%

1.0%

Including

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About Investa OfficeOverview

Office specialist with scaleInvesta is an office sector specialist and one of the largest office managers in the country, with broad market reach and tenant relationships.

Australian onlyInvesta has an Australian-only focus, resulting in deep knowledge and experience in the local market, underpinned by strong in-house research capabilitiy.

Customer firstWe are a tenant-focused manager with a team of people focused and rewarded for delivering the highest level of service in the market.

Active portfolio managementInvesta actively manages its assets via an integrated platform which incorporates asset and leasing management, property management, facilities and project management, marketing, sustainability and safety.

Environmental leadershipInvesta has a long track record of responsible property management and ownership, and is a recognised leader in environmental management in the real estate sector.

Offering our customers;

Funds Management including development of fund strategy, stakeholder consultation, strategic allocation of capital expenditure, targeted acquisitions and divestments and commitment to responsible investment strategy and guidelines.

Asset Management including the implementation of strategic initiatives by engaging with tenants, suppliers, partners and contractors through property management, real estate operations and facilities management services.

Transactions and Developments including capital transactions, acquisitions, divestments and new commercial office developments.

Corporate Services providing business performance optimisation including treasury, legal, training, recruitment and development, information technology, and executive governance.

Our point of difference

Overview

195,000sqmof leasing, including introduction of new Best Practice Lease

$127,145The Property Industry Foundation (PIF) raises fund to support 20 grass roots charities providing services to homeless and at-risk youth

94%Portfolio occupancy rate of assets

4.88 yearsWeighted average lease expiry of whole portfolio (by area)

$8.45bnoffice assets across Investa's integrated platform 0

LTIFR for over 690,000 supplier contractor hours worked2

Business GovernanceSocial Environmental

85%of tenants would recommend Investa as a building manager1

Investa funds ranked in the top quartile of the Global Real Estate Sustainability Benchmark

IOF listed on the 2014 CDP Climate Performance Leadership Index

1 For Investa managed sites as part of the independent 2014 Campbell Scholtens Tenant Survey, 12% above Australian peer average2 Lost Time Injury Frequency Rate

Diversity Committee established with representation across the business

Highly Commended, National Resilience Award 2013 for the Australian Business Roundtable for Disaster Resilience and Safer Communities

4.28 StarsNABERS Energy portfolio weighted average (without GreenPower)

78%of rated buildings NABERS 4.0 Energy Stars or higher

97%Safety score from National Safety Council of Australia

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Highlights

98%construction and demolition waste recycled in FY14

44%reduction in water use intensity since FY04

09

Our customers

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1. Estimate based on 1:12 per sqm building occupant space ratio for all properties under Investa management, including private mandates.

Buildings for peopleCustomers are at the heart of Investa's buildings, investments and business. Our people provide meaningful and engaged services for our customers including tenant organisations who operate within our buildings, and retail and institutional investors who increasingly expect positive financial, social and environmental performance to be achieved through their investments with us.

representing Millionsof individual investments

Number of tenant businesses

>900

Investors

>17,000

People working within our buildings1

~100,000

Number of Investa Office buildings

48

In 2013, Investa introduced a new customer centric operating platform, following more than 18 months of consultation with internal staff and external stakeholders including tenants, industry and occupants.

FY14 has seen an ongoing commitment to the alignment and understanding of our customers' needs and re-engineering of our organisation to ensure we have the capability to deliver now and into the years ahead.

INVESTA OFFICE


InvestorsRobust, market leading governance framework

Transparency of disclosure and reporting

Leverage Investa management platform to optimise performance

TenantsTap into Investa’s national contracts and procurement management system to achieve operating savings

Optimise tenancy environmental performance through tenant-focused, green initiatives

Apply Investa’s customer centric model to deliver market leading tenant service

Leverage Investa’s stringent Work, Health and Safety platform to provide a safe environment for Investa tenants and their visitors

EnvironmentContinual improvement across key environ-mental measures including green-house gas emissions, electricity, water and gas use and NABERS Energy and Water ratings

Develop new tools and innovations to enable more effective and efficient building management and operation

Maintain and expand partnerships and initiatives that stimulate progress and continual improvement in responsible investment and climate change mitigation and adaption

Our PeopleAttract and retain talented, engaged people to implement to implement investment strategies and manage and operate the assets

SuppliersMonitor supply chains and align contractor processes, conduct and material use to Investa’s environmental and operational standards

Community Engage with the wider community through charities and community investment to deliver societal benefits

Contribute to thought leadership in our industry

Stakeholder approachInvesta recognises that the way in which it operates its assets, manages its investors’ capital and conducts its business, impacts a range of stakeholders. As a result, the management approach takes into account the interests of each stakeholder group, ensuring that outperformance is achieved across a combination of financial, environmental, social and governance measures.

At Investa, the measures used to track our performance include:

Our performance

Half year and full year fund financial reports

Brand, customer and stakeholder research

Corporate Confidence Index (CCI)

Building and portfolio environmental performance scorecards

Tenant satisfaction surveys – Campbell Scholtens industry benchmark

Australian and international sustainability and responsible investment rankings and certifications

Staff satisfaction surveys

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Our StrategyOur Customers

The objectives Strategic objectives include establishing targets, processes and action plans through our integrated organisational platform, delivering financial, environmental and social value to our stakeholders groups. Performance objectives are reviewed annually for the business and funds, relating to four key pillars.

Meeting tenant needs and harnessing human capitalKPIs for employees regarding environmental performance

Tenant Satisfaction Scores, against benchmark

First choice for tenants

Leadership in responsible investment

Focus on targets and alignment of strategies across the businessBest practice disclosure and sustainability accreditation for funds

Policy commitments, internal an external for diversity, climate change, risk and performance management

Research and innovation

Adding value through research and innovationPartnership projects for research outputs and industry change

Action-based research using our buildings as a real-world test environment

Active management to deliver operational outperformanceStrategic asset planning and ESG KPIs

Investment to improve NABERS Ratings, Indoor Environment Quality and reduce costs

Optimising operational performance

The four pillars of the Investa management strategy incorporate:

ESG – Environmental, Social and Governance KPIs – Employees are measured on Key Performance Indicators


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1. This does not apply to assets where Property Management is outsourced including 66 St Georges Terrace Perth, 836 Wellington Street Perth, 388 George Street Sydney and 10-20 Bond Street Sydney. Tenant ratings or scores refer to results achieved by the Investa managed portfolio as a whole in the 2014 Campbell Scholtens Tenant Survey.

1. NLA – Net Lettable Area

What is the customer centric service model?

Dedicated, cross functional asset service teams:

By having on-site management teams we are closer to our tenants to ensure we can better service their needs

Building operations directly managed by Investa personnel1

Directly accountable for the financial and operational performance of their portfolio

First choice for tenantsInvesta focuses on delivering solutions to our current and prospective tenants by providing the highest levels of customer service and amenity

OURTENANTS

GENERAL MANAGER

PROPERTY MANAGER

OPERATIONS MANAGER

FACILITIES MANAGER

82%Tenant Satisfaction Score for Investa asset service teams

57%of tenants consider the NABERS Base Building Energy rating is a significant factor in their organisation’s selection of office space

60%of tenants consider communication of sustainability information by the building owner is important to their organisation

Investa has continued to improve the quality of information available to our tenants including the development of new interactive Tenant Information Manuals. Our new Best Practice Lease provides further incentives and savings for tenants to improve the efficiency of their workspace.

In addition, Investa’s experienced sustainability and asset teams provide numerous presentations, workshops and consultancy sessions with tenants at all stages of the lease cycle including:

Sustainability Factsheets

Sustainability Report

Online Performance Scorecards

Sustainability presentations and consultancy


Brisbane

>179,000sqmNLA1 including 259 Queen Street and 179 Turbot Street

100%of NABERS Water ratings 4.0 Stars or higher in Brisbane Portfolio

Investa portfolio teams in Brisbane relocated their office in 2014, opening premises in the newly acquired 259 Queen Street building.

Located in the heart of the CBD, the teams are able to deliver fast and efficient service to tenants.

In what has been one of the most challenging markets in decades, strategic asset plans have enabled amenities to be improved to attract tenants, whilst maintaining environmental performance. Changes in the business economy of Brisbane and the growth of innovation hubs and technology firms are encouraging for leasing in the year ahead.

Investa onsite management delivers strong performance resultsInvesta’s dedicated and highly skilled building services team continued to deliver significant operational performance improvements across the Brisbane portfolio.

With property and building services localised and aligned, our facilities management teams have delivered improved performance despite changes in occupancy, through the fine-tuning of building management control systems to deliver efficiency and improved energy and water performance.

Foyer at 259 Queen Street, Brisbane Ground floor lift lobby and on-site café at 239 George Street, Brisbane

80%of NABERS Energy ratings 4.5 Stars or higher in Brisbane Portfolio


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Melbourne

>204,000sqmNLA across Melbourne

20%reduction in electricity intensity at 628 Bourke Street since FY13

73%New 567 Collins Street premises commences construction, with pre-commitment of 73%

Over 1,300members join 120 Collins tenant portal in FY14

Providing comprehensive management servicesIn FY14, Investa’s local asset services teams in Melbourne worked with tenants and contractors to drive performance improvements for the Melbourne CBD portfolio. Facilities management engaged tenants on best practice water use to reduce consumption at 120 Collins Street by 22% when compared to the same period in the previous year, whilst a new Building Management and Control System (BMCS) at 628 Bourke Street enabled the facilities management team to fine tune building energy use.

Andria Carniato, GM, Melbourne CBD PortfolioIn 2013 Andria Carniato was the worthy recipient of the inaugural Investa Chairman’s Award. As General Manager of the Melbourne CBD portfolio, Andria manages approximately $1.5 billion dollars worth of assets.

In FY14, Andria assisted the successful divestment of 628 Bourke Street, and with the Commercial Development team successfully secured 73% occupancy for 567 Collins Street, Melbourne, currently under construction.

Andria joined Investa in 2004 as a Team Assistant and has developed extensive property experience, including a Master of Business (Property) from RMIT, ensuring tenants in the Melbourne CBD Portfolio receive outstanding service.

567 Collins Street under development567 Collins Street is a new, 55,000sqm Premium Grade office building under construction in Melbourne. The building offers direct access to train, tram and bus transport and large 2,000-2,500sqm floor plates with many floors enjoying panoramic city skyline views.

The building was designed in consultation with technical and facilities management teams from across the business.

Targeting a 5 Star Green Star (by design) rating and a NABERS Energy Rating of 5.0 Stars, the building will also incorporate a range of Environmentally Sustainable Development features with extensive end-of-trip facilities and secure bike parking available to tenants.

Rooftop garden at 628 Bourke Street, Melbourne Artists impression of foyer at 567 Collins Street 120 Collins Street, MelbourneAndria Carniato, GM, Melbourne CBD Portfolio


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Sydney

18,400sqmof new Best Practice leasing in FY14

>458,000sqmNLA across Sydney CBD

67%of tenant and common areas had LEDS installed

>$392,000estimated tenant electricity savings at 126 Phillip Street per annum1

4.5 StarsNABERS Energy rating at 126 Phillip Street

>70%of buildings rated NABERS Energy 4.5 Stars or higher in Sydney CBD

Promoting wellbeingSydney’s cycleways continue to expand, with people powered transport in the city increasing in popularity.

At 400 George Street, the installation of new best in class end of trip facilities has provided showers, change rooms, lockers, moveable bike racks and comprehensive bike maintenance facilities which are popular with occupants throughout the building.

The design incorporates research into use patterns and is being used to establish new benchmarks in NSW.

End of Journey facilities at 400 George Street, SydneySydney CBD 126 Phillip Street, Sydney The Assembly, 126 Phillip Street

Vertical community for changeIn August 2013 Deutsche Bank Place at 126 Phillip Street launched a unique Vertical Community bringing together tenants to improve the efficiency and environmental performance of tenancies.

With Investa’s support, the Community identified priorities, held workshops with efficiency experts, shared energy data, undertook extensive LED lighting initiatives and conducted NABERS tenancy rating assessments with the assistance of CitySwitch.

The project continues to improve outcomes through this whole of building approach for building occupants, tenants and the environment.

1. Electricity price based on 20c per kWh


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North Sydney Perth Canberra

>87,000sqmNLA including increasing presence via 66 St George’s Terrace, Perth

Proactive management delivers value to tenants and fundsAs General Manager of the North Sydney portfolio, Victoria Tavendale established this local team at new premises at 111 Pacific Highway in 2013. They have been warmly welcomed in the precinct and tenants have recognised improved level of service.

Following the strategic acquisition of 99 Walker Street by IOF, Victoria’s team have developed a strategic asset plan delivering leasing, an improved retail offering and building environmental performance. Long term investment in BMCS controls and plant and equipment at 105 Miller Street is now delivering results with the building achieving a 5 Star NABERS Energy rating following $12 million refurbishment works in FY13.

Increasing presence in PerthEconomic outlook is expected to remain strong in Perth with continuing demand for resource exports and stabilisation of demand conditions. Investa management is currently reviewing opportunities for strategic capital expenditure upgrades at 66 St George’s Terrace and 250 St George’s Terrace to deliver improved building performance and amenity for tenants.

Integrated sustainable approachFollowing a lease to Telstra, a major refurbishment project was conducted at 16-18 Mort Street, Canberra to upgrade building foyers and tenant facilities and achieve a target of 4.5 Star NABERS Energy rating. The building now also presents an integrated green wall in the foyer to add ambience, improve aesthetics and indoor air quality for occupants.

99 Walker Street, North Sydney 250 St George's Terrace, Perth 16-18 Mort Street, Canberra105 Miller Street, North Sydney

5.0 StarsNABERS Energy rating for 66% of buildings in Perth

4.5 StarsNABERS Energy rating target for refurbishment works at 16-18 Mort Street, Canberra

>146,000sqmNLA across North Sydney

59%Electricity demand met by trigeneration at 40 Mount Street in FY14

5.5 StarsNABERS Energy rating for 40 Mount Street, North Sydney

75%tenant renewals across North Sydney portfolio

21

INVESTORS BOARDS RISK & SUSTAINABILITY COMMITTEE (RSC)

AUDIT COMMITTEE

REAL ESTATE OPERATIONSSafety, Health and Environment Management System (SHEMS)

Embedded Sustainability Platform

FUNDS MANAGEMENT

Sustainable Responsible Investment (SRI)1

Sustainability Strategies and Action Plans

ASSET SERVICES

Tenants

Workplaces

Suppliers

Tenant Services, Incentives and Products

Stakeholder and Community Engagement

1. Investa Commercial Property Fund (ICPF) awarded SRI Certification from the Responsible Investment Association Australasia. Investa Property Group has been certified by RIAA according to the strict disclosure practices required under the Responsible Investment Certification Program. See www.responsibleinvestment.org for details.

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Managing risk and sustainabilityThe Risk and Sustainability Committee (RSC) of the Group Boards has a majority of independent directors and is the senior decision making body regarding sustainability, safety, health and environment at Investa.

Environmental, social and governance (ESG) strategies and performance are aligned through our responsible sustainable investment guidelines. Sustainability is embedded into working practices, strategies and processes throughout the business.

The Safety, Health and Environmental Management System (SHEMS) provides a framework for company-wide identification and management of risks and opportunities in Sustainability, Safety, Health and Environment across the business.

In asset co-ownership instances, Investa Office has influence over sustainability outcomes through contractual arrangements and ongoing engagement.

Sustainable Responsible Investment (SRI)1

Investa Office and Investa Funds re-committed to SRI Guidelines during 2013. ICPF has SRI Certification from the Responsible Investment Association of Australiasia (RIAA).

Investa continues to be a global leader in responsible management of real estate, with a clear strategy for embedding environmental, social and governance focused practices into core activities across fund management, executive and property management teams.


Investa understands the benefits of responsible investment to drive long term value, returns to investors and great service to tenants.”Beck Dawson, General Manager, Corporate Sustainability

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CDP Climate Disclosure Leader Index 2013 and CDP Climate Performance Leader Index 2014.www.cdp.net

In 2013 and 2014, Investa funds named as GRESB Green stars in the top quartile of funds internationally. Investa became a corporate member of GRESB in FY14. www.gresb.com

Investa Funds Management is certified for Sustainable Responsible Investment (SRI) by the Responsible Investment Association of Australasia (RIAA)2

www.responsibleinvestment.org

2. Investa Funds Management has been certified by RIAA according to the strict disclosure practices required under the Responsible Investment Certification Program. See: responsibleinvestment.org for details

National Resilient Australia Award

Investa was jointly recognised when the Australian Business Roundtable for Disaster Resilience and Safer Communities was awarded a Highly Commended for the Roundtable’s contribution to public policy to help government, business and communities better prepare for natural disasters.www.australianbusiness roundtable.com.au

JLL Award for Best Sustainable Development

In 2010, 10-20 Bond Street underwent a $60m refurbishment following the relocation of Macquarie Bank tenant which represented 82% of the 20 Bond Street lease space. The owners recognised this as an opportunity to refurbish and reposition the property, giving it a new identity and making it a new landmark address. The refurbished 20 Bond Street tower has achieved a 5.0 Star NABERS Energy rating and a 4.0 Star Green Star Design rating.

Other memberships and associationsMemberships include international and national peak bodies in the fields of real estate, responsible investing, finance and sustainability. The Group is currently a member and participant in the following associations and advocacy organisations:

ABRT Australian Business Roundtable for Disaster Resilience and Safer Communities

AIRA Australasian Investor Relations Associations: http://aira.org.au/

AMI Australian Marketing Institute: www.ami.org.au/

ANREV Asian Association for Investors: www.anrev.org/

API Australian Property Institute: www.api.org.au/

BBP City of Sydney Better Buildings Partnership: www.sydneybetterbuildings.com.au/

CitySwitch National tenancy energy efficiency program

DCA Diversity Council of Australia

GBCA Green Building Council of Australia: www.gbca.com.au/

GRESB Global Real Estate Sustainability Benchmark

PCA Property Council of Australia: www.propertyoz.com.au/

PIF Property Industry Foundation

RIAA Responsible Investment Association Australasia: www.responsibleinvestment.org/

UDIA Urban Development Institute of Australia: www.udia.com.au/

ULI Urban Land Institute www.uli.org/

UNEPFI United Nations Environment Program Finance Initiative: www.unepfi.org/

UN Global Compact Women's Empowerment Principles www.unglobalcompact.org.au

UNPRI United Nations Principles for Responsible Investment: www.unpri.org/


Recognition and awards

20 Bond Street, SydneyBeck Dawson receiving National Resilient Australia Award

Investa has continued to actively contribute to wider industry and responsible investment forums which focus on delivering meaningful results to our investors, tenants and the wider community including:

In FY14, Investa became a signatory of the UN Global Compact Women’s Empowerment Principles, a set of Principles for businesses which provide guidance on the empowerment of women in the workplace, marketplace and wider community. www.unglobalcompact.org.au

UN Global Compact – Women’s Empowerment Principles

Investa has been a signatory to the UN Principles of Responsible Investment since 2007. www.unpri.org

Investa is an active contributor to the Better Buildings Partnership in Sydney to implement innovative industry change.


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Adding value through market researchInvesta’s in-house research team has developed a suite of market leading proprietary models that predict future office space demand, rental levels, office market yields and tenant incentives. This includes analysis of macro-economic conditions and combining this with deep market knowledge of our asset management teams operating on the ground across Australian CBD markets.

1Research on the economic factors influencing office market conditions and the drivers of office market investment returns, including

supply, tenant demand, vacancy rates, rental growth, tenant incentives, investment yields and transaction volumes.

2 Research to understand and improve the operational performance of buildings using new building management

technologies, and leveraging data visualisation and engagement tools for building managers and stakeholders.

Building Run Building innovation through data-art

In partnership with the City of Sydney and Deutsche Bank, Investa commissioned and hosted an innovative, interactive artwork exploring the energy efficiency performance of five Sydney CBD buildings, as part of the City of Sydney 2013 Art and About Festival. Building Run, the work by internationally acclaimed video artist Keith Deverell was set up in the foyer of 126 Phillip Street, Sydney. The work showcased four Investa buildings and Customs House as human avatars competing daily against their ‘personal best’ in energy performance. Over the course of the installation, Investa buildings competed to deliver an average electricity saving of 7% whilst bringing to life the daily challenge of managing office buildings to a new audience.

7%Average electricity savings recorded for Building Run

207,547Website views via Art and About for Building Run

Finalist 2014

Investa continues to be a global leader in responsible management of real estate, with a clear strategy for embedding environmental, social and governance focused practices into core activities across fund management, executive and property management teams.

Workplace Health and Safety

Investa’s Safety, Health and Environmental Management System has undergone continued revision in FY14 including:

The introduction of an electronic auditing platform to improve monitoring of audit recommendations and associated workflow actions;

Review of all operating procedures;

Process improvements to the electronic reporting of compliance in all key risk management activities.

55% Reduction in average site findings per property since FY13

360,000 Number of Investa Office Employee hours worked: LTIFR = 0 MTIFR = 0

690,000 Number of contractor hours worked: LTIFR = 0 MTIFR = 6.7


Managing workplace health and safety

Research and innovationAdding value through research and innovation

Group Safetyscore: 97.2%★ ★ ★ ★ ★5 star rating


These results reflect a period of substantial growth for Investa which is aligned to our continuing commitment to the responsible management of environmental, financial and social impacts.” Shaun Condon GM, Environment and Safety

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Optimising operational performanceCelebrating over 10 years of environmental performance improvements

Since launching its first sustainability report in FY04, Investa has focused on providing proactive onsite building management and highly-skilled people to deliver improvements in environmental performance year on year.

These results reflect the success achieved in optimising investment returns through the active transformation of buildings. This is a strategy which we continue to apply on all levels across our engagement with assets, funds, vertical communities and cities.

4.28 StarsWeighted average NABERS Energy rating

37%reduction in electricity intensity since FY04

44%reduction in water intensity since FY04

51%reduction in natural gas intensity since FY04

3.60 StarsWeighted average NABERS Water rating

50%reduction in greenhouse gas emissions intensity since FY04

7,624tonnes of CO2-e emissions saved through low carbon electricity since FY11First Australian

property company to release Sustainability Report

Winner of Award for Excellence in Facilities Management from Facilities Management Australia

Awarded a 5 Star ‘Green Star – Office Interiors’ rating for Investa’s 126 Phillip Street tenancy, highest rating at the time from Green Building Council of Australia (GBCA)

The world leader on Dow Jones Sustainability Index (Real Estate Sector and Financial Services Supersector)

Winner of the Best New Sustainable Development (National) | The Ark Development @ 40 Mount Street, North Sydney at Property Council of Australia’s 2011 Innovation and Excellence Awards

Completion of The Ark Development at 40 Mount Street, North Sydney.

Establishes Australia's first tri-generation precinct in Sydney

Commences independent climate risk assessment and internal consultation across assets

IOF is recognised on the CDP Global Performance Leadership Index 2014

Launches Australia's first publicly available Online Quarterly Performance Scorecards for tenants and stakeholders

for two categories:– Built Environment &– Clean Technology

Winner of the national Banksia Foundation Awards for Addressing Climate Change

Investa Sustainability Institute (ISI) launches to support action-based research in the built environment.

Winner of Leadership in Socially Responsible Investment from national Banksia Foundation Awards

Launches Green Lease and sustainability incentives

First company to rate its entire portfolio using ABGR (now NABERS)

Founding member of the Better Buildings Partnership, Sydney

Launches first Vertical Community

Launches customer service platform consulting with tenants across more than 195,000 sqm on sustainability

Launches new Best Practice Lease

FY04 FY09FY05 FY10FY06 FY11FY07 FY12FY08 FY13 FY14YEARS OF ENVIRONMENTAL PERFORMANCE IMPROVEMENTS

Winner

Winner

FY14


* Of buildings as described in Investa Office Intensity Statistics Reporting Rules. (See page 39)1. To allow for more timely reporting of billing data from utilities, the period for reporting environmental performance data is (1st April 2013-31st March 2014).2. Investa Office NABERS Ratings are based on building performance, no GreenPower included.3. NABERS Australian industry average is equal to 3.0 Stars

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1%Reduction since FY13 1.68 Stars

Improvement since FY04

8%Reduction since FY13

4%Reduction since FY13

0.2%Reduction since FY13

Portfolio Intensity Statistics – FY14 Summary1

Intensity statistics are a measure of the energy, water and emissions efficiency of buildings owned or managed by Investa Office. They are calculated as units per square metre of net lettable building floor area. The results are based on supply authority billing information and provide a meaningful year to year comparison of portfolio performance. Reporting rules are provided online: www.investa.com.au/2014-sustainability-report

Electricity

Base Year FY04

CY11 CY12 FY13 FY14

Buildings in program* 23 32 34 32 29Floor area* (NLA) (sqm) 463,150 731,832 868,113 844,997 788,317Metered electricity consumption* (MWh) 62,746 68,941 77,516 72,932 67,138Consumption intensity (kWh/sqm/yr) 135 94 89 86 85

Gas

Base Year FY04

CY11 CY12 FY13 FY14

Buildings in program* 22 23 26 25 22Floor area* (NLA) (sqm) 615,511 618,423 697,262 681,202 624,075Metered gas consumption* (GJ) 85,253 44,003 50,586 50,244 42,508Consumption intensity (MJ/sqm/yr) 139 71 73 74 68

Water

Base Year FY04

CY11 CY12 FY13 FY14

Buildings in program* 37 33 34 32 29Floor area* (NLA) (sqm) 801,143 738,591 868,113 844,997 788,317Metered water consumption* (kL) 928,635 484,043 597,986 550,420 512,428Consumption intensity (L/sqm/yr) 1,159 655 689 651 650

NABERS Energy Rating (stars)2

Base Year FY04

CY11 CY12 FY13 FY14

Investa Office managed and/or owned assets

2.60 3.99 4.22 4.32 4.28

NABERS Water Rating (stars)

Base Year FY06

CY11 CY12 FY13 FY14

Investa Office managed and/or owned assets

2.87 3.54 3.49 3.67 3.60

Greenhouse gas emissions

Base Year FY04

CY11 CY12 FY13 FY14

Emissions Intensity (kg.CO2-e/sqm/yr)

164 94 87 84 81

FY14

85 kWh/sqm/yr

FY14

68 MJ/sqm/yr

FY14

81 kgCO2-e/sqm/yr

FY14

650 L/sqm/yr

78% of buildings rated 4.0 Stars or higher

85% of buildings rated higher than industry average3

Optimising operational performance

Our performance


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Our performance

Fund Investment Portfolio footprint – by percentage ownership of assets

Fund Emissions (t.CO2-e) Water (kL)

FY13 FY14 FY13 FY14IPT 26,943 25,875 225,824 219,181IOF 28,185 23,544 244,047 218,454ICPF 20,155 20,352 137,856 146,267IEF* 1,118 – 8,909 –Investa Office Total 76,400 69,771 616,637 583,903

Construction & Demolition

FY13 FY14General Waste (Landfill) 151 36% 90 2%Recycling tonnes: 268 64% 4,002 98%

Plasterboard 63 15% 80 2%Steel / Ferrous metal 65 16% 226 6%Timber 12 3% 2 0%Concrete/masonry 46 11% 248 6%Glass 12 3% 22 1%Carpet/underlay 41 10% 46 1%Light fittings 4 1% 2,748 67%Paper 2 0% 32 1%Other recycling 23 5% 598 15%

Total Waste 419 100% 4,092 100%

Commercial & Industrial (Office operational waste)

FY13 FY14General Waste (Landfill) 2,573 54% 1,581 54%Recycling: 2,167 46% 1,332 46%

Secure documents 178 4% 0 0%Commingled 749 16% 180 6%Recovered general waste 58 1% 51 2%Food waste 84 2% 102 4%Paper 1,086 23% 817 28%Cardboard 9 0% 18.2 1%Other recycling 3 0% 3.9 0%

Total Waste 4,740 100% 2,913 100%

39%Reduction in total office waste collected since FY13

Recycling for our tenants

46%General office waste collected and recycled

Waste and recyclingWaste from general commercial operations is primarily collected from tenancies is referred to as ‘Commercial & Industrial Waste’. Waste resulting from refurbishments, tenancy interior fit-outs and other projects is referred to as ‘Construction & Demolition Waste’. An increase in internal education programs and improvements at the Material Recovery Facility (MRF) in NSW aims to improve results, following a temporary closure of the MRF in 2013.

Footprint of emissions and water use by FundThe main environmental impacts of Investa relate to the provision of energy and water for air-conditioning and building services. For our stakeholders, the returns of investing in good management are reflected through improved building performance, lower outgoing costs, and assets that are more attractive and healthy for tenants. For more information visit: www.investa.com.au/sustainability

FY14

98% Construction and demolition waste recycled

4,092tTonnes of construction and demolition waste collected in FY14, of which 98% is reused or recycled

Group emissions by resource

FY13 Proportion Confidence

Scope 1 5,512 t.CO2-e 5.75% 81.23%

Diesel 2,421 t.CO2-e 2.52% 60.00%

Natural Gas 3,036 t.CO2-e 3.16% 98.55%

Refrigerant 0 t.CO2-e 0.00% –

Vehicle Fuel 56 t.CO2-e 0.06% 60.00%

Scope 2 90,421 t.CO2-e 94.25% 98.67%

Electricity 82,811 t.CO2-e 86.32% 98.55%

Trigeneration 7,197 t.CO2-e 7.50% 100.00%

Incidental emissions = 0.5% of electricity

413 t.CO2-e 0.43% 98.55%

Group emissions 95,932 t.CO2-e 100.00% 97.53%

Investa Office Business Travel FY14

Scope 3

Investa Office FY14 kms per person Tonnes CO2-e per

person

Staff air travel 6,239 0.69

Staff taxi travel 753 0.17

9% Total emissions reduced

5%Total water use reduced

0.69Tonnes CO2-e per person

6,239km/person taxi travel

Scope 1 and 2 Group Emissions by Resource data relates to the National Greenhouse Emissions Reporting Scheme (NGERS) emissions reported for the Group for the period 1st July 2012 to 30th June 2013.*IEF has divested all assets. The fund is now closed.

1. Waste is collected and separated at source where possible, and again at the MRF into numerous recycling streams. 2. Waste data is measured by weight (in tonnes) and reported by contractors to Investa on a monthly basis.


At Investa Property Group, our people are central to our success as an organisation. In FY14 we have continued to support greater diversity and flexibility in our workplace. This enables a truly collaborative approach to business which has been a fundamental part of our ongoing success.”Jonathan Callaghan – Joint Managing Director, Investa Property Group

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Australian portfolio environmental performance statistics

State Property

Electricity intensity

(kWh/sqm)

Gas intensity

(MJ/sqm)

Water intensity (L/sqm)

Emissions intensity

(kg.CO2-e/sqm)

NABERS Energy ratingB (Stars)

NABERS Water

ratingB (Stars)

ACT 16-18 Mort Street, Canberra A A A A A ANSW 1 Market Street, Sydney 86 35 780 76 4.5 3.5NSW 10-20 Bond Street, Sydney F F F F 5.0 3.5

NSW 105-151 Miller Street, North Sydney 76 96 766 71 5.0 3.5

NSW 111 Pacific Highway, North Sydney 84 198 640 84 4.0 3.5

NSW 126 Phillip Street, Sydney 95 77 863 79 4.5 3.0NSW 130 Pitt Street, Sydney 70 D 1,581 61 4.5 0.0G

NSW 133 Castlereagh Street, Sydney B B B B 5.0 4.5

NSW 135 King Street, Sydney B B B B 3.5 3.0

NSW 146 Arthur Street, North Sydney 128 D 478 111 3.5 4.5

NSW 151 Clarence Street, Sydney 121 63 737 108 3.0 3.0

NSW 20 Bridge Street, Sydney B B B B 2.5 0.0

NSW 201 Kent Street, Sydney F F F F 5.0 3.5

NSW 225 George Street, Sydney F F F F 4.0 4.0

NSW 231 Elizabeth Street, Sydney 122 119 657 112 4.5 4.0

NSW 255 Elizabeth Street, Sydney 56 5 423 49 5.0 4.5

NSW 260 Elizabeth Street, Sydney B B B B E E



NSW 31 Market Street, Sydney 80 54 1,038 72 4.5 2.5

NSW 347 Kent Street, Sydney 87 0 1,082 76 4.5 2.5

NSW 388 George St, Sydney F F F F 4.5 4.0

NSW 40 Mount Street, North Sydney 59 34 542 41 5.5 4.0

NSW 400 George Street, Sydney 99 36 599 88 4.0 3.5

NSW 55 Market Street, Sydney 94 21 540 83 4.0 4.0

NSW 60 Martin Place, Sydney 78 35 943 70 4.5 3.0

NSW 6 O’Connell Street, Sydney B B B B 4.5 4.0

NSW 6-7 Eden Park Drive, Macquarie Park 51 50 516 47 5.0 4.0

NSW 73 Miller Street, North Sydney 70 131 904 68 4.5 3.0

NSW 80 Pacific Highway, North Sydney 89 31 772 79 4.5 3.5

NSW 99 Walker Street, North Sydney B B B B 2.5 2.5

QLD 140 Creek Street, BrisbaneH

66 D 487 555.0 4.0

QLD 295 Ann Street & 232 Adelaide Street, BrisbaneH 5.0 4.5

QLD 239 George Street & 15 Adelaide Street, BrisbaneH 82 D 678 68 4.5 4.0

QLD 259 Queen Street, Brisbane B B B B 4.5 4.0

QLD 363 Adelaide Street, Brisbane 108 D 471 89 4.0 4.5

QLD 179 Turbot Street, Brisbane B B B B 5.0 4.0

QLD 40 McDougall Street, Milton 125 D 581 103 3.5 4.5

QLD 410 Ann Street, Brisbane 52 D 509 43 5.0 4.5

VIC 120 Collins Street, Melbourne 100 123 531 124 2.5 3.0

VIC 242 Exhibition Street, Melbourne 87 99 471 107 3.5 4.5

VIC 383 La Trobe Street, Melbourne C C C C C C

VIC 567 Collins Street, Melbourne B B B B B B

VIC 595 Collins Street, Melbourne 64 70 563 78 4.5 3.5

VIC 628 Bourke Street, Melbourne 51 83 359 64 4.0 4.0

VIC 737 Bourke Street, Melbourne B B B B 4.5 4.0

VIC 800 Toorak Road, Melbourne C C C C C C

WA 250 St George's Terrace, Perth F F F F 5.0 3.5

WA 66 St George's Terrace, Perth 209 12 803 166 3.5 2.5

WA 836 Wellington Street, West Perth 55 14 533 44 5.0 4.0

Portfolio Weighted Average 85 68 650 81 4.28 3.60

Our performance

Notes: A: Excludes assets with low occupancy due to major refurbishment activitiesB: Excludes assets not owned or managed for full report period and sites under constructionC: Not reported as management control of the building is assigned to the tenant under the terms of the lease. D: Gas is not used at this site.

E: NABERS Ratings included for all sites owned as at 30th June 2014F: Externally managed sitesG: Water metering issue at this site identified and resolved.H: Aggregated data is collected for this group of assets.


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Flexible workspace

13% part-time

87% full-time

12% HAVE FORMAL FLEXIBLE WORKING ARRANGEMENTS

24% HAVE INFORMAL FLEXIBILITY

15% MAKE USE OF SUMMER HOURS POLICY

OUR MOST COMMON INFORMAL FLEXIBILITY IS AMENDED START AND FINISH TIMES.

> over 50% work flexibly

Travel to work

< 30MINS

31%30MINS – 60MINS

50%> AN HOUR

19%

>

5km 10km 15km 30km 50km

15% 22% 12% 28% 23%

<

1. Includes primary and secondary parental care givers

Diversity and Inclusion achievements so far:Classified roles for Workplace Gender Equality Agency (WGEA) reporting of comprehensive gender workforce data.

Released Diversity and Inclusion and Remuneration Policies.

Launched Formal Flexible Working Arrangements Policy and associated training for people managers.

Enrolled two women in the inaugural PCA Women in Property Mentoring Program.

Identified three key areas of focus for remainder of 2014; Gender, Cultural and Workplace Flexibility.

1,713 hoursTotal hours of training completed by Investa Office people in FY14

93%have professional qualifications

241 people43% WOMEN

57% MEN

35%of Investa people were born overseas.

45%of Investa people have both parents born overseas.

A multicultural organisation

Development and Diversity

Our People

Our people are central to delivering high performance through our service focused real estate platform. In FY14, training and coaching focused on equipping our people with the skills and tools to deliver excellence in customer service and management. In addition, the Group has established an employee-led Diversity Committee to further harness the existing skills and talents within our organisation. The Group has a total of 241 employees, 186 of whom work with Investa Office.

Supporting work/life balance

48% of these have 2 kids.

16%of us are single

58%of us are parents

99%of all our partners are employed.

18% part-time

82% full-time

2.5%identify as LGBTI

12%care for or support someone due to age, disability or ill health

Flexible Work PolicyIn FY14, the Group has formally reviewed its Flexible Work Policy and is proud to support growing families.

1,858 hours Number of hours of paid parental leave1

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Revegetation45,000 trees and more than 275,000 shrubs and ground covers were planted on Investa Land sites in Australia. These trees equate to absorbing 1,350 tonnes of CO2 from the atmosphere per annum.

Property Industry Foundation (PIF)The Property Industry Foundation (PIF) raises funds to support 20 grass roots charities providing services to homeless and at-risk youth.

McGrath FoundationIn May 2014, Sonia Jacobs of Investa Office coordinated a major fundraising drive with employees, suppliers and the business donating over $25,000 towards the McGrath Foundation to support the work of Breast Care Nurses.www.mcgrathfoundation.com.au

Australian Red CrossInvesta employees donate blood throughout the year for this vital public service.

Breezes Muirhead Indigenous Landcare Breezes Muirhead Indigenous Landcare Together with Greening Australia and Defence Housing Australia, this program supports local indigenous students to attain qualifications and employment in land care, whilst working at this Investa Land site.

12 students successfully completed the program in FY14, with two continuing their studies at Charles Darwin University

Australian Business Roundtable for Disaster Resilience and Safe Communities Working together with community focused organisations (heading)

Investa encourages in-kind board level executive and senior management participation on a number of community focused board organisations. These include: the Property Council of and Australia, Property Industry Foundation, Australian Business Roundtable to champion the work of organisations addressing social issues which positively impact Australian communities.

Active in the Community As part of Investa’s Active in the Community program, Investa employees volunteer effort and raise funds for local charities.

$127,145Money raised for PIF

$25,972Money raised for the McGrath Foundation

170 hrsHours volunteered for PIF Golf Day

140Hours volunteered to Vision Australia Gift Wrapping

1,350tonnes of CO2-e absorbed from the atmosphere per annum

250books and toys for the Smith Family Xmas Appeal

Supporting our community

Our Community

The Group’s community program focuses on utilising our skills and expertise to deliver local, regional and national initiatives to benefit Australian communities and the environment in the places we work and for the issues that matter to our people. The program encourages community action, representation, volunteering, philanthropy and corporate partnerships. In FY14, Investa has engaged with a range of organisations and communities across Australia.

Cameron Holt, Rosemary Smithson, from PIF and Craig ParryBreezes. Muirhead


Methodology and approach Assurance Statement

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Why we reportInvesta Office publically reports against a range of financial, social, governance and environmental metrics and approaches that broadly address noted global megatrends or are of material interest to our investors, customers, partners, stakeholders and employees. During the year, the business undertook stakeholder engagement surveys to refine the business and reporting approach, surveying over 270 customers and occupants, influencers, potential customers and external influencers, and over 150 employees. Investa has a long track record of transparency and prides itself on allowing interested parties to access full data sets in order to draw their own conclusions about company performance.

FY14 Report FrameworkThe information and corresponding time period presented in this report is for the Australian financial year FY14. A 12 month period is covered, the financial year 2014 – July 2013-June 2014. To allow for the timely collection of billing data from utilities, the periods for reporting environmental performance data are 2013/14 (FY14): 1st April 2013-31st March 2014.

The Sustainability Reports for Investa Property Group are provided in two separate documents this year, which correspond to the Group’s two main businesses – Investa Office and Investa Land. Where applicable, a summary of sustainability performance items that relate to the whole of Investa Property Group are noted alongside the data, as appropriate.

The GRI Index provides further information in accordance with G3.1 framework and is provided online. All monetary figures are shown in Australian dollars.

*Currency: All financial metrics are presented in Australian dollars (AUD).

Management Statement

Since 2003, Investa has published twelve sustainability reports, including one ‘interim report’. Reporting years have previously transitioned between ‘calendar year’ and ‘financial year’ reporting due to business requirements. Since FY13, Investa reports to the Australian financial year reporting framework in line with Investa’s funds.

A full explanation of Investa’s approach to reporting data is detailed in our Reporting Rules, available at: www.investa.com.au/2014-sustainability-report

Independent Assurance

Investa Asset Management Ltd, on behalf of Investa Office, have engaged KPMG to provide limited assurance on selected performance data for the year ended 31 March 2014. KPMG have provided assurance on the following data;

> Electricity – consumption intensity (kWh/sqm)> Gas – consumption intensity (MJ/sqm)> Scope 1 & 2 emissions intensity - (electricity and gas) (kg.CO2-e/sqm)> Water – consumption intensity (L/sqm) and;> Net Lettable Area – floor area (NLA) of buildings in the dataset.

KPMG’s engagement is consistent with the scope of work performed in prior periods and has been conducted in accordance with the Australian Standard on Assurance Engagements ASAE 3000 and ASAE 3410.

KPMG’s assurance statement, including the selected performance data and the relevant reporting criteria, can be found online: www.investa.com.au/2014-sustainability-report

Global Reporting Initiative

The report has been prepared using the Global Reporting Initiative’s (GRI) G3.1 Guidelines. Investa’s online reporting is consistent with the guidelines and address more than 20 indicators. A full index of indicators and company responses and initiatives for each indicator is available online: www.investa.com.au/2014-sustainability-report

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S40 INVESTA OFFICE SUSTAINABILITY REPORT 2014

The document is printed on paper that is FSC certified, carries the ISO 14001 EMS accreditation and is manufactured with elemental chlorine free pulps.

PRINTERTO

REPLACE

DisclaimerThis report has been prepared by Investa Office Management Pty Limited (Investa) for the purpose of providing general information only. Information contained in this report is based on information as at 30 June 2014, unless otherwise stated. Whilst reasonable care has been taken in the preparation of this report, Investa makes no representation or warranty (express or implied) in respect of this document including as to the accuracy or completeness of any statement in it including, without limitation, any forecasts. In preparing this report, Investa may use and rely upon information from sources generally regarded as authoritative and reputable, but the information obtained from these sources may not have been independently verified by Investa.

Term Meaning

Board The Board of Directors of Investa Property Group and its related entities.

CBD Central Business District refers to the business and financial area of an Australian state capital city.

Investa Property Group (“The Group”)

Investa Property Group (The Group) is one of Australia’s largest unlisted owners and managers of quality real estate controlling assets worth more than $9.4 billion across the commercial, industrial and residential sectors.

Investa Office (“Investa”)

Investa Office (Investa) is one of Australia's largest owners and managers and provides an integrated property platform incorporating property services, funds, portfolio and asset management, development and sustainability.

IOF Investa Office Fund, which comprises of the AJO Fund and the PCP Trust, is an ASX-listed Real Estate Investment Trust which is included in the S&P/ASX 100 index.

ICPF Investa Commercial Property Fund is a core prime unlisted office fund for institutional investors, concentrating on premium grade office assets in major Australian CBD markets.

IPT Investa Property Trust is a private unlisted managed fund, with assets to the value of $2.6 billion.

NABERS National Australian Built Environment Ratings System, is a national rating system that measures the environmental performance of Australian buildings, tenancies, homes, shopping centres and hotels.

NLA Net Lettable Area

sqm Square metres (m²)

tCO2-e Tonnes of carbon dioxide equivalent is a distinct measure for describing how much global warming a given type and amount of greenhouse gas may cause, using the functionally equivalent amount or concentration of carbon dioxide (CO2-e) as the reference.

WALE Weighted Average Lease Expiry – Measures the weighted average lease term remaining to expire across an asset or the portfolio.

Glossary

The first choice in Australian Office

Investa Office Management Pty. Limited. Level 6, Deutsche Bank Place126 Phillip StreetSydney NSW 2000T +61 2 8226 9300 F +61 2 9844 9300

ABN 61 161 354 016s

investa.com.au/2014-sustainability-report

If you have any questions about this report or would like further information about Investa Office, go to >[email protected]

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Investa Office Sustainability Report 2014

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