3. Discuss risk associated with this lease by identifying:
a. Two idiosyncratic financial risks you – as the potential landlord – face that is
specific to this lease
b. an action your firm could take to minimize each of these risks.
c. Two systemic risks that can be associated with the Sydney market. Elaborate and
explain why you perceive these as systemic risks.
Req:R672315 Ref: /Src:D /Doc:DL AG324880 ,1 /Rev:04-Jul-2011 /Sts:SC.OK /Prt:26-Aug-2011 14:22 /Pgs:ALL /Seq:1 of 121 , " ,; Form: 07L Release: 2.8 www.lpma.nsw.gov.au \ LEASE AG324880F New South Wales r-g¥· .• ,.-., •• t" ••••.•• _._-_ ........ . Real Property Ac11900 PRIVACY NOTE: Section 31B of Ihe Real Property Acl1900 (RP Act) authorises the Registrar General to collect the information required by this form for the establishment and maintenance of the Real Property Act Register. Section 96B RP Act requires that the Register is made available to any person for search upon payment of a fee, If any. STAM P DUTY Office of State Revenue use only (A) TORRE NS TITLE Property leased U()IA./ ;; I . ).'1-k F I 'i £ Folio Identifier 1/628553 ~\'ir6 PART being Levels 6 and 7, 10 Bond Street. Sydney , / (8) LODG EO BY Document Name, Address or DX. Telephone. and Customer Account Number ifany CODE Collection Corrs Chambers Westgarth utIJ: iZ3(,/ffF Box 1 Farrer Place, Sydney NSW 2000 8Q8s Telephone: 02 9210 6500 Reference: rLlm Ci 0 iI1J"7l1 (C) LESSO R THE TRUST COMPANY LIMITED ACN 004 021 149 AND ING MANAGEMENT (D) (E) (F) LESSEE 006 065 032 The lessor leases to the lessee the property referred to above. Encumbrances (if applicable): THE MAC SERVICES GR01!P.'!.IMITEi\ ACN 003 651 510 TENANCY: (0) I. TERM ~e,yen j7) ye~Es 2. COMMENCING DATE \S ... ~r.~,. ?,o\\. 3. TERMINATING DATE ,,,,,_~.,.d-- ~\~ 4. With an OPTI9N TO RENEW for a period of .0n.e .11) o!'tion .".L thre.~ .• (3) y~aE"-. set out in clause 2 6 of Annexure .t A" 5. With an OPTION TO PURCHASE set out in clause N. A. of N. A. 6. Together with and reserving the RIGHTS sel out in clause N. A. of N.A. 7. Incorporates the provisions or additional material set out in ANNEXURE{S) A hereto. 8. Incorporates the provisions set out in .~, 7 .~.;., . Property Management Authority as No. N. A. 9. The RENT is set oul in item No. 9 of reference schedule and clause 3 L LIMITED ACN with the Land and ALL HANDWRITING MUST BE IN BLOCK CAPITALS. 1008 LAND AND PROPERTY MANAGEMENT AUTHORITY Page 1 of IL.\ Req:R672315 /Doc:DL AG324880 /Rev:04-Jul-2011 /Sts:SC.OK /Prt:26-Aug-2011 14:22 /Pgs:ALL /Seq:2 of 121 Ref: /Src:D DATE .\~_ .. _~~._~S>.'..~_. (H) I certify tbat the person(s) signing opposite, with wbom I am personally acquainted or as to wbose identity I am otherwise satisfied, signed this instrument in my presence. Signature of witness: Name of witness: Address of witness: Certified correct for the purposes of the Real Property Act 1900 and executed on bebalf of the corporation named below by tbe authorised person(s) whose signature(s) appear(s) below pursuant to the authority specified. Corporation: . .E.~?:?_~._ T91 Not applicable whilst The MAC Services GrOup.Dmited ACN 003 657 510 is the Lessee. BANK GUARANTEE (clause 20) An amount equivalent to six (6) times of the aggregate of: (a) the monthly instalment of the Rent; (b) the monthly instalment of the Lessor's estimate of the Lessee's Proportion of the Operating Costs; and (c) the GST payable in relation to (a) and (b). At the Commencing Date the amount is $353,100.00. MIRVAC TRUST (clause 22) Name of Trust 10-20 Bond Street Trust ING TRUST (clause 22) Name of Trust Armstrong Jones Office Fund PUBLIC ACCESS HOURS (Rules Schedule) 8:00 am to 6:00 pm each Monday to Friday which is a Business Day BUILDING SERVICES OPERATING HOURS (Rules Schedule and clause 14.6) 8:00 am to 6:00 pm each Monday to Friday which is a Business Day OPTION LEASE (clause 26) One (1) option of three (3) years MlPQ4 (NSW)/Version: 2112 January 2010 5645367/5 Page 7 of \ 2-\ Req:R672315 /Doc:DL AG324880 /Rev:04-Jul-2011 /Sts:SC.OK /Prt:26-Aug-2011 14:22 /Pgs:ALL /Seq:8 of 121 Ref: /Src:D Rules Schedule 1 The Lessee must: (a) comply with each direction of the Lessor about the receipt, delivery or other movement of any goods, wares or merchandise or articles of bulk or quantity; (b) use the parts of the Complex at the times the Lessor pennits; and (c) comply with each reasonable requirement of the Lessor about these matters. 2 Subject to the provisions of this Lease, the Lessor must ensure that: (a) each lift operates daily during the Building Services Operating Hours. Outside of the Building Services Operating Hours, at least one lift