Stockland North Lakes Brisbane, Queensland

Information Memorandum

Contents 1. About Stockland .................................................................................................................................... 3

1.1 North Lakes Residential Community ............................................................................................. 5

1.2 North Lakes from the air ............................................................................................................... 6

2. Introduction to Stockland North Lakes ................................................................................................. 7

3. The Location .......................................................................................................................................... 7

4. Local Growth Drivers ............................................................................................................................. 8

4.1 Education & Childcare Facilities .................................................................................................... 8

4.2 Sport and Recreation .................................................................................................................... 9

4.3 Travel and Transport Facilities .................................................................................................... 10

4.4 Shopping ..................................................................................................................................... 10

4.5 Business and Employment Opportunities................................................................................... 11

4.6 Entertainment and Health .......................................................................................................... 11

4.7 Queensland’s Fastest Growing Areas ......................................................................................... 12

5. Regional Growth Drivers ..................................................................................................................... 12

1. About Stockland

Stockland was founded in 1952 with a vision to “not merely achieve growth and profits but to make a worthwhile contribution to the development of our cities and great country.” Stockland is Australia's largest diversified property group and a top 50 ASX-listed company. They develop and manage residential communities, retirement living villages, office and industrial properties and are one of the largest retail property owners, developers and managers in Australia. For over half a century, Stockland has worked hard to grow their diverse portfolio of assets and projects while maintaining a conservative balance sheet. Stockland has diverse property skills, which connect Stockland to different types of properties in shared locations, to create places that inspire people to gather, to share and to live life. Stockland recognize their responsibilities to the environment and are a leader in sustainable business practices. Stockland is focused on five key areas – Residential, Retail, Retirement Living, Offices and Industrial properties. Residential Communities Stockland is focused on delivering a range of master-planned and mixed-use communities in growth areas across Australia. At 30th June 2012, Stockland has 88,000 lots in its portfolio and projects with a total end value of approximately $23 billion. Retail At 30th June 2012, Stockland’s portfolio comprises 42 retail centres accommodate more than 2,900 tenants and generate in excess of $5.6 billion in retail sales per annum. 1 Retirement Living Stockland is a top 3 retirement living operator within Australia, with 8,000 established units across five states and ACT. At 30th June 2012, Stockland’s portfolio includes a short-medium term development pipeline of around 3,800 units. Offices At 30th June 2012, Stockland office portfolio comprises 21 properties in key locations, with a total NLA of over 400 square metres and a total end value of approximately $1.9 billion. Their focus is on maximizing investment returns across the portfolio. Industrial Stockland’s industrial properties comprises just under one million square metres of building area and are strategically positioned in key locations for logistics, infrastructure and employment. At 30th June 2012, Stockland industrial portfolio comprises 13 properties with a total end value of approximately $0.8 billion. 2

1 http://www.stockland.com.au/about-stockland.htm

2 http://www.stockland.com.au/about-stockland.htm

1.1 National Assets

1.1 North Lakes Residential Community

FAST FACTS

North Lakes is bigger than Brisbane’s CBD, Southbank and Fortitude Valley combined – the heart of the New North

It’s the north side’s most famous address

It surrounds the picturesque North lakes 18-hole championship golf course, and hectares of lakes, including serene Lake Eden, along with over 53 lush parks and hectares of open spaces

It’s home to a thriving Town Centre, with its own Westfield

It’s a hub for employment, where one can spend more time living and less working, staying close to home and those important to the residents

North Lakes is well connected with direct access to the Brisbane CBD, airport and Sunshine Coast

Being active and healthy is easy at North Lakes with plenty of walking and bike trails, local pools, sporting fields and playgrounds to name a few

North Lakes has a true community spirit and immense community pride – one can see it at events like Christmas Carols and Fun Run and in the many sporting and community groups

North Lakes offers something for everyone – whatever style of home you need or whatever stage of life you are in

Everything here is at one’s finger tips – there’s no need to leave

1.2 North Lakes from the air

2. Introduction to Stockland North Lakes Stockland’s North Lakes is an engaging, vibrant and energetic community that offers the very best in leisure, health, learning, business and employment opportunities. Designed for easy living with parks, playgrounds, schools, a golf course and the Westfield, North Lakes is a premier Stockland master-planned community. With more than 10 years of careful planning, North Lakes is the heart of the ‘New North’. One can shop at North Lake's own Westfield, relax at one of the cafes in the Town Centre, go for a lunch time swim in the leisure centre or tee off on the championship golf course. The private and state schools are also located within North Lakes.

3. The Location Stockland’s North Lakes is perfectly positioned midway between Brisbane and the Sunshine Coast; at North Lakes one can have all the required conveniences close to home.

30km to Brisbane CBD

Approx 25 minutes to Brisbane Airport

40 minutes’ drive to the Glasshouse Mountains 40 minutes to Sunshine Coast beaches

4. Local Growth Drivers

Being a North Laker means being part of a very special community. The contributions and involvement of North Lakes residents, with special community events and support for one another, has created immense community pride.

4.1 Education & Childcare Facilities

North Lakes has been designed to ensure that it provides excellent educational facilities for all ages.

There are six childcare centres, along with some of the finest schools in the region close by like Bounty Boulevard State School, The Lakes College and North Lakes State College. Even TAFE Skills Tech is coming soon for providing more educational opportunities close to home. The facilities include:

Six childcare centres

The finest schools in the region, which caters for Preparatory to 12 standard

A range of tertiary education opportunities close by the community.

A good education is the most important part of a child’s life. That’s why North lakes provide educational facilities for all ages, from early month’s right through to tertiary schooling. Educational Facilities: North Lakes State College – An innovative learning centre focussed on meeting the needs of each student. The college offers a seamless transition through 13 years of schooling, from prep to year 12. Educational Facilities within 10km

11 pre-schools

12 state primary schools

6 non-government primary schools

5 state secondary schools

5 non-government secondary schools Further Education The future North Lakes Skills Tech Australia, to be located in the Business Park, is the lead TAFE Institute in trade and technician training. This facility will offer more opportunities to continue closer to home.

The Lakes College – A Uniting Church private school, The Lakes College provides quality future-focussed education, expanding each year until Year 12 is offered, enrolling students from Prep to Year 12 in 2014.

Bounty Boulevard State School – It is Prep to Year 7 school of excellence in science, technology, engineering and mathematics. Child Care Centres – There are number of centres offering care for children from 6 weeks to 5 years, before and after school care and vacation care. The Lakes College offers outside-school hours care.

North Lakes Library As a part of the council’s brand new first-class facility being constructed opposite Westfield, the new North Lakes Library will become a centreplace that provides the community with exceptional resources and convenient meeting spaces. In the interim, the Moreton Bay Regional Council has a temporary library in the Town Centre.

4.2 Sport and Recreation Great opportunities exist for residents, new and old, to meet and feel part of something special. There are various sports activities including golf, swimming and many more.

One of the top ranking 18-hole championship golf courses designed by leading golf course designer Graham Marsh

Aquatic centre with three pools

80kms of bikeways and walkways

53 local and village parks and three district parks containing eight sports fields

Four major lake systems, 40 wetlands and 32 rain gardens

Children’s Adventure Playgrounds North Lakes pride itself on its range of local, village and signature playgrounds. Catering for all ages, each playground is positioned so that almost everyone lives within 400 metres of one. There are many different activities for kids to explore, from flying foxes to climbing ropes, slides and swings. There is even a bocce green for the adults.

Community Leisure Centres North Lakes’ own leisure centre will keep one and his family active. It includes a 25-metre heated pool, indoor heated programs pool and leisure pool with water features. Located in the Town Centre, the leisure centre also offers learn –to-swim and squad programs. Parks, Sporting fields, Bike paths and Walkways Being active and healthy is easy at North Lakes, with 53 parks and 80 kilometres of bike and walkways to explore. A resident’s home is never far from open space and being well connected means the kids will be able to walk or ride to one of their local schools. They have also remembered the other members of the family, with dedicated dog parks at Woodside and Edenvale. There are also sporting fields for a variety of clubs sports including cricket, soccer, AFL and rugby league. There is also an international-size rugby field.

Gyms and Outdoor Fitness Equipment If someone is looking to take their fitness level to new heights, then there is several fitness stations dotted throughout the community. One will find a choice of gyms in the Town Centre offering weights, cardio and fitness classes. Activities for All Ages At North lakes they understand that as the residents children grow, their interests do too. That’s why they are focussed on providing fun and healthy activities for small children right through to teenagers. With an indoor skating rink, basketball courts, youth cultural programs and a new skate park planned, kids of all ages will have something to do close to home.

4.3 Travel and Transport Facilities Stockland’s North Lakes is perfectly positioned midway between Brisbane and the Sunshine Coast. At North Lakes one will have all the required conveniences close to home. One will also benefit from a range of transport options which includes:

Regular local bus trips run between North Lakes and Redcliffe, Rothwell, Mango Hill, Kallangur, Murrumba Downs, Petrie, Strathpine and Chermside

Bus connections to Petrie Train Station, Westfield Strathpine and Chermside

Mango Hill train station under construction 2012-2016 at North Lakes front door

New public transport interchange located in the Town Centre

Easy access to the Bruce Highway

It’s perfect position and easy access means that North Lakes is a key location for business investment, with a thriving Town Centre and Business Park.

30kms to Brisbane CBD

Approximately 25 minutes to Brisbane Airport

Easy access to the Glasshouse Mountains and the Sunshine Coast beaches

New public transport interchange located in the Town Centre

4.4 Shopping Most of the daily required shopping outlets are nearby the community. It includes:

Cafés and restaurants

Westfield Shopping Centre

Hilltop Village Convenience Centre, including Supa IGA, BWS, chemist and Australia Post

Major stores include Myer, Coles, Woolworths, Big W, Aldi, Target, Bunnings, Costco and Masters Home Improvement

It’s the CBD of the North. Treat yourself to the latest fashions, shop at more than 200 speciality retailers and catch a quick latte at any one of the coffee spots at North Lakes’ own Westfield and Town Centre. With Myer, Big W and Target on the doorstep, one will never be far from some of Brisbane’s best shopping centres. FAST FACTS The Town Centre is growing with many new developments and businesses joining the community. From big name retailers to multi-level apartments and the new Moreton Bay Regional Council Library and youth facility. The North lakes Town Centre is transforming into a cosmopolitan hub.

Westfield Shopping Centre and neighbourhood shops

Regional bus interchange connecting North Lakes to Brisbane City and surrounds

4.5 Business and Employment Opportunities North Lakes provides various business and employment opportunities like:

Over 6,500 people currently employed and 13,500 people will eventually be employed at North Lakes, when it will be completed.

The Town Centre and North Lakes Business Park cater for a range of businesses including Budget Direct, Toyota, Snowdonia and Aquatic Achievers

North Lakes Business Park will be a world class workplace integrated into the community.

With this healthy work-life balance, one can spend more time with their family and with every necessity close by. North Lakes is also well positioned for easy access to Brisbane city, Brisbane Airport, the Northside and Sunshine Coast employment districts.

4.6 Entertainment and Health

North Lakes’ own leisure centre complete with 25 metre heated pool, indoor heated programs pool and leisure pool with water features will keep the family active while having fun. Located in the Town centre, the leisure centre also offers learn to swim and squad programs. One can even have a coffee while they watch their kids train.

More than 60 organized clubs and social groups in the area

Summer Movies by the Lake and annual Christmas Carols

Choice of cafes and restaurants in the Town Centre

Health hub including private hospital, medical facilities and vet services

Police Station and Ambulance Station

Retirement village and nursing home

4.7 Queensland’s Fastest Growing Areas

North Lakes is the fastest population growth area in Queensland and the 4th fastest in Australia.

5. Regional Growth Drivers Moreton Bay includes a diverse range of urban, coastal, hinterland and rural communities. In 2006 the population was approximately 333,000. Two major areas of urban settlement have been established in Moreton Bay—a southern area and a northern growth corridor. The southern area is extensively developed and extends north from Brisbane to the North Pine River and the Pine River. It is focused around the Strathpine major regional activity centre. The northern growth corridor is focused around the Caboolture–Morayfield principal regional activity centre, and the major regional activity centres of North Lakes and Redcliff. Riparian and biodiversity corridors provide east–west links across the Moreton Bay sub-region. This includes The Mangroves to Mountains corridor, linking the Boondall Wetlands to Brisbane Forest Park in the west. Opportunities in new residential communities, economy and employment growth, and infrastructure provision are as follows:

Residential - An estimated 84 000 additional dwellings will be required by 2031 to accommodate Moreton Bay’s expected regional growth, population increase and demographic change. Urban growth will continue in the major residential development of North Lakes, Mango Hill, Griffin and Dakabin. These large broad hectare areas will provide Moreton Bay with a range of housing types and densities. The Caboolture–Morayfield principal regional activity centre will be the focus for infill development within the northern growth corridors. Higher density residential development and mixed-use development will be located within the Caboolture CBD, particularly in the vicinity of Caboolture’s railway station. Other significant infill opportunities will be generated through efficient use of land close to the Brisbane–Sunshine Coast rail corridor, particularly the conversion of suitable rural residential lands and other remnant broad hectare lands at Narangba, and between Morayfield and Burpengary. Moreton Bay Regional Council will undertake planning and coordination to achieve orderly conversion to urban development. Economy and employment – Moreton Bay requires strong employment growth to prevent a future shortfall in jobs and improve employment diversity. Development Areas will assist by providing high levels of self-containment and employment choice. Historically Moreton Bay’s economy has been supported by retail, manufacturing, health care and social assistance, education and training, and construction. Regional activity centres at Caboolture–Morayfield, Redcliffe, North Lakes and Strathpine are Moreton Bay’s major centres for business, employment, research, education, services, higher density living and social interaction. Caboolture–Morayfield accommodates regional offices of health, education, cultural and entertainment facilities that are centred around public transport nodes. Redcliffe, North Lakes and Strathpine each provide a sub-regional focus for administration. They accommodate subregional or branch offices of government, cultural and entertainment facilities of regional significance, and provide a focus for residential intensification. Bellara, Burpengary, Deception Bay, Kallangur, Petrie, Warner, Albany Creek, Arana Hills, Dakabin, Kippa Ring, Margate, Clontarf, Scarborough, Woody Point, Woodford, Dayboro and Samford all provide district level services. This network of centres will continue to provide an appropriate mix of business, community and government services, facilities and employment. Mixed-use development in accessible local and district centres will create additional business and employment opportunities. Promoting home-based businesses and community uses throughout urban and rural areas, and encouraging rural and tourism-related business opportunities outside the Urban Footprint, will achieve further economic and employment diversity. Other business and industry employment in Moreton Bay will be contained predominately within Caboolture, Morayfield, Burpengary, Narangba, Strathpine, Brendale, Lawnton, Petrie, North lakes, Rothwell and Clontarf. Continuing to develop these areas will produce a diverse range of employment and business opportunities, and increase the level of employment self-containment in the region. Elimbah East will be a light industry area that benefits from direct access to the Bruce Highway. Any urban development in Elimbah East will be subject to infrastructure and servicing requirements.

Identified Growth Areas - The SEQ Regional Plan identifies additional land west of Caboolture that, subject to further investigation, may in the long-term accommodate significant growth in the Moreton Bay region. The Caboolture West Identified Growth Areas is located adjacent to the Caboolture Urban Footprint. It includes lands east of the north branch of the Caboolture River and South of the D’ Aguilar Highway. Further investigation includes investigations into land capability and suitability, infrastructure requirements and responsibilities, appropriate land uses, necessary corridors and other relevant matters. This development also depends on:

Achieving compliance with the Urban Footprint principles

Providing road and public transport infrastructure that connects the Caboolture West Identified Growth Areas to the urban communities and activity centres of northern Moreton Bay

Achieving leading environmental performance for any urban development and related infrastructure

Coordinating the delivery of infrastructure, including public transport aligned with growth

Demonstrating high levels of employment self-containment

Demonstrating sufficient demand for further urban land in this northern corridor.

In the meantime, development in Caboolture West is subject to the relevant RLRPA requirements within the SEQ Regional Plan regulatory provisions. Infrastructure The Moreton Bay area requires further capital investment to meet the demand driven by growth and change. Key projects identified in SEQIPP to support the delivery of the SEQ Regional Plan include:

North–south arterial roads

Upgrades to east–west links

Upgrades to the Bruce Highway and intersections

The Houghton Highway duplication and bus priority

The Lawnton to Petrie third rail track

The Petrie to Redcliffe Rail Corridor

The North Lakes health precincts

The Caboolture health precincts

An upgrade to Redcliffe’s Aquatic Centre