King Street Wharf, Sydney

King Street Wharf comprises five stages with an overall forecast completion value of approx $1 billion.

Covering approx five hectares, the total development includes commercial, residential, retail, entertainment, serviced apartments and a hotel.

It also involves associated infrastructure such as roadworks, carparking, charter vessel berthing facilities and coach parking.

The development includes:

Stage 1 - $165 million

Restaurant strip consisting of 3,200 sqm of restaurant area plus outdoor areas. Owned by Multiplex Property Trust.
8-level building comprising 95 residential apartments and single retail area.
7-level building comprising 114-key serviced apartments with associated retail areas below. Owned by Medina Group.
4 buildings comprising 51 strata commercial office suites over 3 levels, totalling 6,117 sqm.
Charter boat facilities and berthing pontoons, plus a public promenade.
Roads and infrastructure.
Completed in August 2000.

Stage 2 - $211 million

Two towers (14 and 10 storeys) comprising 268 apartments, 26 commercial office and retail strata suites and parking.
Completed in November 2001.

Stage 4A - $59 million

Mixture of 32 strata commercial office suites, totalling 3,900 sqm and 2,300 sqm of retail space over two levels (latter owned by Multiplex Property Trust). Also includes charter facilities and basement parking.
Completed in November 2002.

Stage 3A - $220 million

KPMG office tower, comprising 28,000 sqm of net lettable area across 16 levels. Also incorporates 4 levels of basement parking.
Building has been designed to achieve a 4.5 star Australian Building Greenhouse Rating.
KPMG lease term – 12 years plus further option periods.
Multiplex Property Trust owns 50%, with the remainder held by Colonial Property Office Fund.
Completed in December 2003.

Stage 3B - $124 million

American Express tower, comprising 14,000 sqm of net lettable area across 11 levels. Also incorporates 4 levels of basement parking.
Building has been designed to achieve a 4.5 star Australian Building Greenhouse Rating.
American Express lease terms – 11 years, plus three four year options.
Owned by Multiplex Acumen Prime Property Fund.
Currently under construction, with completion due in December 2007.

Stage 3C – $15 million

Plans to develop a 90 room hotel, along with a restaurant/bar featuring an outdoor plaza.
Development Application is currently before Council, with completion expected in mid-2008.

Stage 4B - $350 million

Macquarie Bank tower, comprising 33,000 square metres of net lettable area across 11 levels. Also incorporates 4 levels of basement.
Building has been designed to achieve a minimum 5 star Green Star rating
Macquarie Bank lease term – 15 years, plus two five year options.
Construction started in mid 2007, with completion due in Feb 2009.
Public carpark accommodating 158 cars.
Coach Layover Facility accommodating 55 coaches.