D - Economic Impact Assessment Addendum by Location IQ (6.08.19)

     ­   Step 2: Project sales for existing and proposed centres in the 2021/22, the first full year of trading
         for the proposed Noosa Marketplace. These projections allow for retail market growth and new
         retailers/centres. All sales projections in 2021/22 are presented in constant 2019 dollars (i.e.
         excluding inflation);

     ­   Step 3: Outline the change in sales at each precinct in 2022 as a result of the development of the
         proposed Noosa Marketplace. Again, all sales are expressed in constant 2019 dollars;

     ­   Step 4: Shows the impact on competitor sales in 2021/22, both in dollar terms and percentage of
         estimated sales.

v.   In economic impact assessments, an impact of 10% or less is considered to be within the normal
     competitive range. Impacts of 10% - 15% are high and impacts above 15% are considered to be very
     high. Key impacts are summarised as follows:

     ­   Noosaville: In total, the Noosaville area is projected to be impacted by $14.6 million (or 9.0%).
         The largest impact in dollar terms is estimated to be on the Noosaville Industrial Precinct (given its
         scale), projected at $10.2 million. This is equivalent to a sales impact of 9.0% which is within the
         normal competitive bounds of 10% impact on retail facilities. No one particular facility would be
         impacted more significantly than another within the Noosaville Industrial precinct, with impacts
         spread across a range of large format retail and non-retail showroom operators.

         Noosa Business Precinct and the Mary Street/Gibson Road Precinct in Noosaville are both
         anticipated to be impacted by around 9.0%, although the exact distribution of impacts will depend
         on the final composition of the proposed Noosa Marketplace development;

     ­   Other Total Trade Area: facilities in the Gympie region are estimated to be impacted by $4.5
         million (or 3.5%). Yandina, Coolum Beach and Peregian Springs/Beach are all estimated to be
         impacted by less than $1.5 million (or less than 5% or less).

     ­   Beyond Total Trade Area: given that the proposed development would likely comprise new
         traders to the region and would not provide a direct replication of any existing tenant or facility
         within the immediate region, the amount of escape expenditure (primarily to the Maroochydore and
         Kawana/Birtinya regions) would likely be reduced. On this basis, approximately 25% of total sales
         ($8.0 million) projected to be generated by the new Noosa Marketplace development are estimated
         to be as a result of retention of spending redirected to facilities from beyond the total trade area.
         Projected impacts on the Maroochydore and Kawana/Birtinya regions are 1.2% and 0.7%,
         respectively.

vi. It is important to note that each of these impacts will be one-off impacts resulting from the opening of
     the proposed Noosa Marketplace. No one precinct is projected to be impacted by more than $10.2




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