Capital Markets ANZ Industrial Australia Q1 Market Environment There has been consistent performance trends in industrial prime assets observed across Sydney, Melbourne and Brisbane markets with the major drivers of demand being: • The infrastructure boom - NSW, VIC and QLD will see a record $150 billion of combined infrastructure investment over the next four years • Precincts well serviced by connecting road transport routes • Labour market improvements and growth in industrial industry sectors • Tenant retention, with many instances of expansionary requirements • Low interest rate environment • Strong GDP growth • Retail turnover growth • A weaker local dollar, boosting net exports Key Trends Domestic investors dominant Corporate sale and leaseback programs e infrastructure boom 18 A Colliers International publication 00