BRANDSMART ONE TRUST

[FULLY SUBSCRIBED]

Brand Smart Premium Outlet Centre is a Discount Factory Outlet ("DFO") Shopping Centre situated on the Golden Mile in Nunawading, Victoria; 18 km east of Melbourne CBD. Brand Smart Premium Outlet Centre is where consumer and retail favourites integrate seamlessly with over 60 local and international brands.

Opened on 1999 and extensively redesigned and extended in 2013, the centre has 9,315 sqm of Net Lettable Area and has a site area of 25,824sqm as well as parking for 455 cars.

Investment Highlights

Purchase Price - $67m

Equity $39.58m

Projected Returns on Equity

Year 1 Distribution Forecast - 9.1%
Average (5yr) Distribution forecast - 9.6%
Projected Internal Rate of Return (IRR) - 10.1%
Monthly Distributions from Settlement

Weighted Average Lease Expiry (WALE) of 2.7 years (as at 1/7/2016)

63 local and international retail brand tenants and 2 ATM's

Net Lettable Area of 9,315sqm

Brandsmart Premium Outlet Centre

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