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					JUNE 2008 PROPERTY SYNOPSIS DATA




Property address                                              Sector   State   Country



Garema Court, 140-180 City Walk, Canberra                     Office   ACT     AUS




14 Moore Street, Canberra                                     Office   ACT     AUS




The Zenith, 821 Pacific Highway, Chatswood                    Office   NSW     AUS




11 Talavera Road, Macquarie Park                              Office   NSW     AUS




40-50 Talavera Road, Macquarie Park                           Office   NSW     AUS




144 Wicks Road, North Ryde 5 11                               Office   NSW     AUS




Victoria Cross, 60 Miller Street, North Sydney                Office   NSW     AUS




130 George Street & 105 Phillip Street, Parramatta            Office   NSW     AUS



1 Bligh Street, Sydney2 8 11                                  Office   NSW     AUS


Sydney CBD Floor Space (1 Chifley Square, Sydney)             Office   NSW     AUS



45 Clarence Street, Sydney                                    Office   NSW     AUS



201-217 Elizabeth Street, Sydney                              Office   NSW     AUS




Governor Phillip & Macquarie Tower Complex, 1 Farrer Place,
Sydney                                                        Office   NSW     AUS
Australia Square Complex, 264-278 George Street, Sydney             Office     NSW        AUS


343 George Street, Sydney 11                                        Office     NSW        AUS




30 The Bond, 30-34 Hickson Road, Sydney                             Office     NSW        AUS




309-321 Kent Street, Sydney                                         Office     NSW        AUS



383-395 Kent Street, Sydney                                         Office     NSW        AUS



One Margaret Street, Sydney                                         Office     NSW        AUS



44 Market Street, Sydney                                            Office     NSW        AUS




123 Albert Street, Brisbane 11                                      Office     QLD        AUS




Flinders Gate Complex, 172 Flinders Street and 189 Flinders Lane,
Melbourne                                                           Office     VIC        AUS



8 Nicholson Street, Melbourne                                       Office     VIC        AUS




Southgate Complex, 3 Southgate Avenue, Southbank                    Office     VIC        AUS



Woodside Plaza, 240 St Georges Terrace, Perth                       Office     WA         AUS


Lumley Centre, 88 Shortland Street, Auckland                        Office     Auckland   NZ



383-395 Kent Street, Sydney                                         Car Park   NSW        AUS



32-44 Flinders Street, Melbourne                                    Car Park   VIC        AUS



Flinders Gate Complex, 172 Flinders Street, Melbourne               Car Park   VIC        AUS
34-60 Little Collins Street, Melbourne         Car Park     VIC   AUS



52 Holbeche Road, Arndell Park                 Industrial   NSW   AUS




79-97 St Hilliers Road, Auburn                 Industrial   NSW   AUS




                                          11
3 Brookhollow Avenue, Baulkham Hills           Industrial   NSW   AUS



1 Garigal Road, Belrose                        Industrial   NSW   AUS




2 Minna Close, Belrose                         Industrial   NSW   AUS




3-7 Bessemer Street, Blacktown                 Industrial   NSW   AUS




30-32 Bessemer Street, Blacktown               Industrial   NSW   AUS




114-120 Old Pittwater Road, Brookvale          Industrial   NSW   AUS



2 Alspec Place, Eastern Creek                  Industrial   NSW   AUS




145-151 Arthur Street, Flemington              Industrial   NSW   AUS



436-484 Victoria Road, Gladesville             Industrial   NSW   AUS




1 Foundation Place, Greystanes                 Industrial   NSW   AUS




SEL, Greystanes Estate, Greystanes 4 11        Industrial   NSW   AUS
27-29 Liberty Road, Huntingwood                        Industrial   NSW   AUS




Kings Park Industrial Estate, Vardys Road, Marayong    Industrial   NSW   AUS




154 O'Riordan Street, Mascot                           Industrial   NSW   AUS




5-15 Rosebery Avenue, Rosebery                         Industrial   NSW   AUS
25-55 Rothschild Avenue, Rosebery                      Industrial   NSW   AUS



10-16 South Street, Rydalmere                          Industrial   NSW   AUS



DEXUS Industrial Estate, Egerton Street, Silverwater   Industrial   NSW   AUS




19 Chifley Street, Smithfield                          Industrial   NSW   AUS



239-251 Woodpark Road, Smithfield                      Industrial   NSW   AUS




12 Frederick Street, St Leonards                       Industrial   NSW   AUS



40 Biloela Street, Villawood                           Industrial   NSW   AUS




30 Bellrick Street, Acacia Ridge                       Industrial   QLD   AUS




25 Donkin Street, West End Brisbane                    Industrial   QLD   AUS




15-23 Whicker Road, Gillman                            Industrial   SA    AUS
Target Distribution Centre, Tarras Road, Altona North               Industrial   VIC       AUS




114 Fairbank Road, Clayton                                          Industrial   VIC       AUS



Pound Road West, Dandenong                                          Industrial   VIC       AUS




                                                            6
Redwood Gardens Industrial Estate, Boundary Road, Dingley           Industrial   VIC       AUS



352 Macaulay Road, Kensington                                       Industrial   VIC       AUS



Knoxfield Industrial Estate, Henderson Road, Knoxfield              Industrial   VIC       AUS




250 Forest Road South, Lara                                         Industrial   VIC       AUS



DEXUS Industrial Estate, Boundary Road, Laverton North (including
440 Doherty's Road) 3 11                                            Industrial   VIC       AUS




12-18 Distribution Drive, Laverton North 3                          Industrial   VIC       AUS




Axxess Corporate Park, Cnr Ferntree Gully & Gilby Roads, Mount
Waverley                                                            Industrial   VIC       AUS




68 Hasler Road, Herdsman                                            Industrial   WA        AUS


844 44th Avenue, Phoenix                                            Industrial   Arizona   USA


3802-3922 East University Drive, Phoenix                            Industrial   Arizona   USA


431 North 47th Avenue, Phoenix                                      Industrial   Arizona   USA


220 South 9th Street, Phoenix                                       Industrial   Arizona   USA


1429-1439 South 40th Avenue, Phoenix                                Industrial   Arizona   USA


105-107 South 41st Avenue, Phoenix                                  Industrial   Arizona   USA
601 South 55th Avenue, Phoenix                                       Industrial   Arizona      USA


1000 South Priest Drive, Phoenix                                     Industrial   Arizona      USA



1858 East Encanto Drive, Tempe                                       Industrial   Arizona      USA


1120-1150 West Alameda Drive, Tempe                                  Industrial   Arizona      USA



10397 West Van Buren Street, Tolleson                                Industrial   Arizona      USA


4190 East Santa Ana Street, Bloomington                              Industrial   California   USA


14555 Alondra Boulevard, La Mirada & 6530 Altura Boulevard,
Buena Park                                                           Industrial   California   USA




5823 Newton Drive, Carlsbad                                          Industrial   California   USA


13602 12th Street, Chino                                             Industrial   California   USA



14489 Industry Circle, La Mirada                                     Industrial   California   USA



3550 Tyburn Street & 3332–3424 N.San Fernando Road, Los Angeles      Industrial   California   USA


3590 De Forest Circle, Mira Loma                                     Industrial   California   USA


1450 E Francis Street, 4200 E Santa Ana Street, 1951 S Parco Street,
1401 E Cedar Street, 1777 Vintage Avenue, Ontario                    Industrial   California   USA




                                      4
3691 North Perris Boulevard, Perris                                  Industrial   California   USA


12000 Jersey Court, Rancho Cucamonga                                 Industrial   California   USA



11653 6th Street, Santa Anita Avenue, 9357 Richmond Place, & 9371
Buffalo Avenue, Rancho Cucamonga                                  Industrial      California   USA



7510-7520 Airway Road, San Diego                                     Industrial   California   USA



                                             9 &11
Summit Oaks, Vanderbilt Way, Santa Clarita                           Industrial   California   USA



9210 San Fernando Road, Sun Valley                                   Industrial   California   USA
2210 Oak Ridge Way, Vista                                         Industrial   California   USA



7500 Exchange Drive, Orlando                                      Industrial   Florida      USA


Orlando Central Park, 7600 Kingspointe Parkway, 8259 Exchange
Drive, 7451-7488 Brokerage Dirve, 2900-2901 Titan Row, Orlando    Industrial   Florida      USA




13201 South Orange Avenue, Orlando                                Industrial   Florida      USA



Turnpike Distribution Centre, 1580 NW 27th Avenue, Pompano
Beach                                                             Industrial   Florida      USA


Northpoint Business Park, 300-1400 Northpoint Parkway, West Palm
Beach                                                            Industrial    Florida      USA




3765 Atlanta Industrial Drive NW, Atlanta                         Industrial   Georgia      USA



1000-1200 Williams Street NW, Atlanta                             Industrial   Georgia      USA


300 Townpark Drive, Kennesaw                                      Industrial   Georgia      USA



7100 Highlands Parkway SE, Smyrna                                 Industrial   Georgia      USA




5111-5151 Royal Atlanta Drive, Tucker                             Industrial   Georgia      USA
850 E Devon Avenue, 1260 N Ellis Street, 371 Meyer Road,
Bensenville 4                                                     Industrial   Ilinois      USA


1825 Airport Exchange Boulevard, Erlanger                         Industrial   Kentucky     USA


3368-3372 Turfway Road, Erlanger                                  Industrial   Kentucky     USA



7453 Empire Drive, Florence                                       Industrial   Kentucky     USA



7930 & 7940 Kentucky Drive, Florence                              Industrial   Kentucky     USA


5-11 Spiral Drive, Florence                                       Industrial   Kentucky     USA


1910 International Way, Hebron                                    Industrial   Kentucky     USA
Fort Holabird Industrial, 1811 & 1831 Portal Street, & 6615
Tributary Street, Baltimore                                        Industrial   Maryland         USA


9112 Guilford Road, Columbia                                       Industrial   Maryland         USA



8350 & 8351 Bristol Court, Jessup                                  Industrial   Maryland         USA
MD Wholesale Food Market, 7951 Ocean Avenue & 7970 Tarbay
Drive, Jessup                                                      Industrial   Maryland         USA



8306 Patuxent Range Road & 8332 Bristol Court, Jessup              Industrial   Maryland         USA


8155 Stayton Drive, Jessup                                         Industrial   Maryland         USA



1015 & 1025 West Nursery Road, Linthicum Heights                   Industrial   Maryland         USA


Cabot Techs, 989-991 Corporate Boulevard, Linthicum Heights        Industrial   Maryland         USA


NE Baltimore, 21 & 23 Fontana Lane, Rosedale                       Industrial   Maryland         USA


10 Kenwood Circle, Franklin                                        Industrial   Massachusetts    USA




Braemar Ridge, 7500 West 78th Street, Bloomington                  Industrial   Minnesota        USA




Brooklyn Park Interstate Center, 7700 68th Avenue, Brooklyn Park   Industrial   Minnesota        USA



Eagandale Business Campus, 1285 & 1301 Corporate Centre Drive
1230 & 1270 Eagan Industrial Road, Eagan                           Industrial   Minnesota        USA



7401 Cahill Road, Minneapolis                                      Industrial   Minnesota        USA



6105 Trenton Lane North, Minneapolis                               Industrial   Minnesota        USA



8575 Monticello Lane, Osseo                                        Industrial   Minnesota        USA



2950 Lexington Avenue South, St Paul                               Industrial   Minnesota        USA



2222-2298 Wooddale Drive, St Paul                                  Industrial   Minnesota        USA



9900 Brookford Street, Charlotte                                   Industrial   North Carolina   USA
Commerce Park, 11517 Cordage Street & 10900 S Commerce
Boulevard, Charlotte                                              Industrial   North Carolina   USA



3520-3600 Westinghouse Boulevard, Charlotte                       Industrial   North Carolina   USA


4560 & 4570 Lake Forest Drive, Cincinnati                         Industrial   Ohio             USA



World Park, 9756 & 9842 International Boulevard, Cincinnati       Industrial   Ohio             USA



10013-11093 Kenwood Road, Cincinnati                              Industrial   Ohio             USA


4343 & 4401 Equity Drive, 1614-1634 & 1999 Westbelt Drive & 1901-
1919 Dividend Drive, Columbus                                     Industrial   Ohio             USA


2700 International Street, Columbus                               Industrial   Ohio             USA


SE Columbus, 2550 John Glenn Avenue & 2626 Port Road, Columbus Industrial      Ohio             USA


3800 Twin Creeks Drive, Columbus                                  Industrial   Ohio             USA


124 Commerce Boulevard, Loveland                                  Industrial   Ohio             USA



Mechanicsburg, 5045 Ritter Road & 201 Cumberland Parkway,
Harrisburg                                                        Industrial   Pennsylvania     USA



6350 & 6360 Brackbill Boulevard, Mechanicsburg                    Industrial   Pennsylvania     USA



181 Fulling Mill Road, Middletown                                 Industrial   Pennsylvania     USA


Memphis Industrial, 3965 Pilot Drive, Memphis                     Industrial   Tennessee        USA



912 113th Street & 2300 East Randoll Mill Road, Arlington         Industrial   Texas            USA



1413 Bradley Lane, Carrollton                                     Industrial   Texas            USA



455 Airline Drive, Coppell                                        Industrial   Texas            USA



555 Airline Drive, Coppell                                        Industrial   Texas            USA



1900 Diplomat Drive, Dallas                                       Industrial   Texas            USA
2055 Diplomat Drive, Dallas                                        Industrial   Texas   USA


11411, 11460-11480 & 11550-11560 Hillguard Road, Dallas            Industrial   Texas   USA



CTC at Valwood, 13755 Hutton Drive, Dallas                         Industrial   Texas   USA



11011 Regency Crest Drive, Garland                                 Industrial   Texas   USA


Garland Jupiter, Garland 5 11                                      Industrial   Texas   USA


Plano Parkway, Plano 5 11                                          Industrial   Texas   USA


1800-1808 10th Street, Plano                                       Industrial   Texas   USA


820-860 F Avenue, Plano                                            Industrial   Texas   USA


1600-1700 Capital Avenue, Plano                                    Industrial   Texas   USA



3601 East Plano Parkway & 1000 Shiloh Road, Plano                  Industrial   Texas   USA



2701, 2801, 2805 East Plano Parkway & 2700 Summit Avenue, Plano Industrial      Texas   USA



885 East Collins Boulevard, Richardson                             Industrial   Texas   USA
Cornerstone Building, 5411 I-10 East & 1228 Cornerway Boulevard,
San Antonio                                                        Industrial   Texas   USA


302-402 N Tayman Road, San Antonio                                 Industrial   Texas   USA

                                  11
202 S Tayman Road, San Antonio                                     Industrial   Texas   USA
1803 Grandstand Drive, San Antonio                                 Industrial   Texas   USA
8151-8161 Interchange Parkway, San Antonio                         Industrial   Texas   USA

                                         11
8171 Interchange Parkway, San Antonio                              Industrial   Texas   USA


8181 Interchange Parkway, San Antonio11                            Industrial   Texas   USA


8191 Interchange Parkway, San Antonio11                            Industrial   Texas   USA


Interchange North 1, 3003, 3005 NE I-410 Loop, San Antonio11       Industrial   Texas   USA


Tri-County 2, Tri-County Parkway, Schertz11                        Industrial   Texas   USA


Tri-County 5, Tri-County Parkway, Schertz11                        Industrial   Texas   USA


Tri-County 6, Tri-County Parkway, Schertz11                        Industrial   Texas   USA
850 North Lake Drive, Weatherford                               Industrial   Texas        USA


300 & 405-444 Swann Avenue, 2402-2520 Oakville Street & 2412-
2610 Jefferson Davis Highway, Alexandria                        Industrial   Virginia     USA



326-446 Calvert Avenue & 401-403 Murry's Avenue, Alexandria     Industrial   Virginia     USA




Beaumeade Telecom, 21561-21571 Beaumeade Circle, Ashburn        Industrial   Virginia     USA


Beaumeade, Ashburn5 11                                          Industrial   Virginia     USA




44633-44645 Guilford Road & 21641 Beaumeade Circle, Ashburn     Industrial   Virginia     USA



CTC at Dulles, 13555 EDS Drive, Herndon                         Industrial   Virginia     USA



45901-45905 Nokes Boulevard, Sterling                           Industrial   Virginia     USA




Atlantic Corporate Park, Sterling11                             Industrial   Virginia     USA




Kent West Corporate Park, 21902 64th Avenue S, Kent             Industrial   Washington   USA



Riverbend Commerce Park, 8005 South 266th Street, Kent          Industrial   Washington   USA



Riverbend Commerce Park, 26507 79th Avenue South, Kent          Industrial   Washington   USA
8574 Boston Church Road Milton 4                                Industrial   Ontario      Canada


21 rue du Chemin Blanc, 91160 Champlan                          Industrial   Paris        France



Zone industrielle Epône II, 78680 Epône                         Industrial   Paris        France




Servon 1, Route Nationale 19 L'Orme Rond, 77170 Servon          Industrial   Paris        France




Servon 2, Route Nationale 19 L'Orme Rond, 77170 Servon          Industrial   Paris        France
32 avenue de l'Océanie, 91140 Villejust                    Industrial   Paris                 France




19 rue de Bretagne, 38070 Saint-Quentin Fallavier          Industrial   Lyon                  France




Im Holderbusch 3, Sulmstraße, Ellhofen                     Industrial   Baden-Wurttemberg     Germany




Schillerstraße 51, Ellhofen                                Industrial   Baden-Wurttemberg     Germany




Schillerstraße 42, 42a, Bahnhofstraße 44, 50, Ellhofen     Industrial   Baden-Wurttemberg     Germany




Im Steinbruch 4, 6, Knetzgau                               Industrial   Bayern                Germany




Bremer Ring & Hansestraße, Wustermark, Berlin              Industrial   Brandenburg           Germany




Nordstraße 1, Löbau                                        Industrial   Brandenburg           Germany




Im Gewerbegebiet 18, Friedewald                            Industrial   Hesse                 Germany



Niedesheimer Straße 24, Worms                              Industrial   Hesse                 Germany




Über der Dingelstelle, Langenweddingen                     Industrial   Neidersachsen         Germany


Liverpooler Straße, Kopenhagener Straße, Osloer Straße,
Friemersheim, Duisburg                                     Industrial   Nordrhein Westfalen   Germany




Theodorstraße, Düsseldorf                                  Industrial   Nordrhein Westfalen   Germany



Carl-Leverkus-Straße 3-5, Winkelsweg 182-184, Langenfeld   Industrial   Nordrhein Westfalen   Germany
Schneiderstraße 82, Langenfeld                                        Industrial      Nordrhein Westfalen     Germany




Former Straße 6, Unna                                                 Industrial      Nordrhein Westfalen     Germany



Westfield Whitford City Shopping Centre, Whitford Avenue & Lot 6
Endeavour Road, Hillarys                                              Retail          WA                      AUS


Notes:
1. All data is based on 30 June 2008 values including future committed acquisitions or disposals and is represented in Australian dollars.
  Book value and valuation conversion rates as at 30 June 2008: AUD/USD 0.9626, AUD/NZD 1.2609, AUD/EUR 0.6096 AUD/CAD 0.9715
2. Properties are equity accounted.
3. Asset sold prior to 30 June 2008. In Dec 07, 50% of the Coles facility at DEXUS Industrial Estate, Boundary Road, Laverton North was sold and is shown separat
4. New acquisitions in the period to 30 June 2008.
5. Vacant land.
6. DEXUS owns 76% of the Redwood Gardens Industrial Estate. The remaining 24% was sold as strata lots.
7. Net income excludes assets sold during the year to 30 June 2008.
8. The 5 properties comprising 2 & 4 O'Connell Street, 1 & 9 Bligh Street and O'Connell House, Sydney have been consolidated as part of Space, 1 Bligh Street, Sy
9. Under construction. Net lettable area and percentage of ownership is on completion.
10. US net income conversion to AUD based on DEXUS ownership using weighted average exchange rate of 0.8966 (June 2008).
11. Book values include PP&E component. The book value of Summit Oaks & San Antonio assets are included at 100%.
All public car parking revenue is assumed to have an income expiry of 10 years.
Description


Garema Court is located on City Walk, Civic, in Canberra’s CBD, close to Canberra’s shopping precinct, bus
interchange and major car parks.


The property is a 14-level office tower, which was built in 1986. The building underwent a major refurbishment,
which was completed in February 2002. The property is located at 14 Moore Street in the north-west quandrant of
Civic, which is the main financial precinct in Canberra and caters for both public and private sector tenants.


A twin-tower office complex, this property is located in the commercial precinct in Chatswood, between the
Pacific Highway and the North Shore railway line. The towers each have 21 levels of A-grade office
accommodation. There is also ground floor retail space, a 250 seat theatre and 5 levels of basement parking.

The property is located in the Macquarie Park corridor approximately 10 kilometres north of the Sydney CBD. The
office park consists of 3 modern office buildings, with two street frontages (inclusive of a wide frontage to Lane
Cove Road), the estate has a very good exposure to passing traffic. The complex is also serviced by a childcare
centre, gym and sporting facilities.

40-50 Talavera Road is a three-level office/warehouse mixed building, with an approx. 50% office component. The
building was partially refurbished in 1997 and upgraded by the Trust in 2007. The property is located at the corner
of Talavera and Khartoum Roads in North Ryde, NSW. It has four different access points, which provides further
flexibility for individual tenancies.

This 5.9ha development site, formerly the Peter Board High School, located in Macquarie Park in North Ryde is
surrounded by Epping Road, Wicks Road and Waterloo Road. The surrounding developments predominatly consist
of high tech industrial and commercial uses. Master planning of the site has commenced for a "Campus Office"
estate.

Victoria Cross is located in a prominent position within the North Sydney CBD. The building comprises 12 levels of
office accommodation, ground and upper ground retail and three levels of basement parking for 180 vehicles.
Construction is underway on a 5 story adjoining development, expanding the lower floors to over 2000 square
metres, with completion expected early 2009.


A 16-level office tower of approximately 19,900 square metres. A major refurbishment of the property was
completed in April 2006. Initial works to to develop an additional office have commenced. The site has dual
frontage and access to George and Phillip Streets, which constitutes the primary office precinct in Parramatta.


This development site is the consolidation of 5 adjoining assets being 2 & 4 O'Connell Street, 1 & 9 Bligh Street and
O'Connell House, Sydney. DA has been approved for circa 42,000 square metre office tower.




A modern A-grade office building located in the western corridor of the Sydney CBD overlooking Darling Harbour,
this high rise building includes 28 levels of office accommodation and five levels of basement parking. Major
upgrade works to the upper levels, lobby and lifts were completed in 2005.

The building is a prominent A-grade 42-storey office tower directly opposite Sydney’s Hyde Park. It comprises 34
levels of office accommodation, a lower ground plaza of retail shops and two basement parking levels. Major
refurbishment in 1994.


Governor Phillip Tower and Governor Macquarie Tower are amongst Sydney’s leading premium grade commercial
office buildings. The complex is located in the heart of Sydney’s financial district. The complex consists of
Governor Phillip Tower, a 64 level premium office building; Governor Macquarie Tower, a 42 level premium office
building; Phillip Street Terraces, five restored historic terraces; and nine levels of basement parking for 654 cars.
One of Sydney’s most enduring prime office properties, Australia Square is situated in the heart of Sydney’s CBD.
The complex comprises a 48-level circular Tower and the smaller 13-level Plaza building. The external Plaza
courtyard is a feature of this landmark building. Major upgrade works to the public areas and to the Plaza building
were completed in the first half of 2004.
Heritage listed commercial building comprising 11 office floors, ground floor retail and basement storage. The
building is the head office of DEXUS Property Group.

This contemporary office building was the first in Australia to achieve a 5-star Australian Building Greenhouse
Rating. Located at Millers Point, the building provides over 19,700 square metres of office space and basement
parking for 113 cars. The building features the very latest in environmental design, including chilled beam air-
conditioning, a first for a office building in Australia.


A two-office tower complex located in the western corridor of the Sydney CBD overlooking Darling Harbour. The
complex comprises 36 levels of office accommodation, with 19 levels in 321 Kent Street and 17 levels in Lumely
House (309 Kent Street), a ground level retail plaza and five levels of basement parking for 424 vehicles.

A 14-level A-Grade office tower which was completed in May 2002. The tower was constructed above the Trust’s
car park. 383 Kent Street is located along the western corridor of Sydney and has dual frontage to Kent and Sussex
Streets.

One Margaret Street is located in the western corridor of the Sydney CBD overlooking Darling Harbour. The
building includes 18 levels of A-grade office accommodation and three levels of car parking for 103 vehicles. The
building was completely refurbished in 2002.


A 26-level freestanding office tower. The building is of A-Grade standing following a substantial upgrade in 1996.
It is located along the western corridor of the Sydney CBD at the corner of Market, York and Clarence Streets.

A 31-level, 38,000 square metre A-grade office tower has been designed to achieve a 6 Star Green Star rating and a
5 star Australian Building Greenhouse Rating. Comprising of 23 levels of office space, eight levels of car parking
(five above ground) with low rise floors of about 1,570 square metres and high rise floors up to 1,630 square
metres.


Flinders Gate comprises two small boutique office buildings totalling around 9,000 square metres. They have
undergone progressive refurbishment since their acquisition by the Trust in 1999. The buildings are located close
to Flinders Street Station, Swanston Street and, in the case of 172 Flinders Street, opposite Federation Square.


A freestanding 18-level office tower with 3 levels of basement parking. It is located on the eastern edge of the
Melbourne CBD close to Parliament Station. The property is located in a State/Federal Government precinct.

The Southgate Complex is one of Melbourne’s most prestigious commercial and retail properties, located on the
banks of the Yarra River in the Southbank arts leisure precinct of Melbourne. The complex comprises two high-
quality office towers, IBM and HWT, of 29 and 24 levels respectively, a three level retail plaza and a large
underground car park for 1,041 vehicles.

Woodside Plaza is Perth’s newest premium-grade office building, located in a prime position along the northern
side of St Georges Terrace. The building comprises over 47,000 square metres of office space over 24 levels, a
ground floor retail arcade and basement parking for 247 cars.
A premium grade office tower located within the Auckland CBD which was completed in October 2005. The tower is
fully tenanted to major legal and insurance companies.

A 785 bay car park below an 18,000 square metre office tower, which is also owned by the Trust and was
completed in May 2002. It is located along the western corridor of the Sydney CBD and has dual street frontage
with Kent and Sussex Streets.

A 530 bay car park built over 10 levels, which was constructed in 1998. It services residential and office patrons,
as well as entertainment, including the MCG, Melbourne Park and Federation Square. Located at the “Paris” end of
Flinders Street with dual access to Flinders Lane.


A 1,077 bay car park attached to two small office buildings also owned by the Trust. It is located centrally in the
Melbourne CBD diagonally opposite Flinders Street Railway Station and directly opposite Federation Square.
A 960 bay, freestanding car park with a coffee shop and rental car outlet on the ground floor. It is located in the
eastern corridor of the Melbourne CBD providing convenient access to Melbourne’s premium office and
entertainment precincts.

The property is located at the intersection of Holbeche Road and Martha Street at Arndell Park, an established
industrial suburb located along the M4 corridor within western Sydney. Arndell Park is approximately 10 kilometres
west of Parramatta and 35 kilometres from the Sydney CBD.

St Hilliers Estate is situated on the north eastern side of Parramatta Rd and St Hilliers Rd at Auburn, approximately
20 kilometres west of the Sydney CBD and four kilometres south-east of the Parramatta CBD. Entry and exit points
to the M4 Motorway are situated 400 metres to the north.




Norwest Business Park is one of Australia's leading technology and business parks and provides campus style office,
high-technology and manufacturing/production facilities within proximity to the M2 Motorway, providing rapid
access to the Sydney CBD. It has extensive frontage to both Norwest Boulevard and Brookhollow Avenue


The property is situated on the south eastern corner of Garigal Rd and Forest Way at Belrose within Austlink
Business Park. Austlink Business Park is located approximately 24 kilometres north west of the Sydney CBD.

The property is located in the Austlink Corporate Park, Terrey Hills, approximately 24 kilometres north west of the
Sydney CBD and is situated on the south east corner of Forest Way and Mona Vale Road, Terrey Hills. Mona Vale
Road (Route 3) provides a major ring road from the northern suburbs of Sydney to the western and southern
regions.

The property forms part of the comprehensive, old established Blacktown Industrial area situated three kilometres
north of the commercial/retail centre of Blacktown. Bessemer Street extends off the western side of Sunnyholt
Road which forms part of a major north-south road system extending from the Great Western Highway and M4
Motorway north to the Old Windsor & Windsor Roads.

The property forms part of the comprehensive, old established Blacktown Industrial area situated three kilometres
north of the commercial/retail centre of Blacktown. Bessemer Street extends off the western side of Sunnyholt
Road which forms part of a major north-south road system extending from the Great Western Highway and M4
Motorway north to the Old Windsor & Windsor Roads. The M2 Motorway is easily accessed some four kilometres to
the east.

The property is located on the western side of Old Pittwater Road Brookvale. Brookvale is a northern suburb of
Sydney situated about 15 kilometres from the CBD. The property has good access to Pittwater Road and is the main
thoroughfare between the northern beaches and the city, with Route 3 linking the area to each of Sydney's major
arterial routes.

The premises consists of a newly completed 16,875 square metre distribution facility. The facility is located within
one kilometre of the M7 Westlink currently under construction. Eastern Creek is recognised as the premier
industrial precinct in the Sydney Metropolitan area.

Flemington is approximately 16 kilometres west of the Sydney CBD and eight kilometres east of Parramatta. The
property forms part of a relatively minor industrial location but enjoys good exposure and access to Arthur Street
and major traffic arteries in western Sydney including Centenary Drive, Great Western Highway, M4 Motorway,
Silverwater and St Hilliers Roads.

The property is located in a prominent position on the intersection of Victoria Road and Tennyson Road,
Gladesville, approximately 10 kilometres north west of the Sydney CBD and 11 kilometres east of the Parramatta
CBD.


The property is well located within the Sydney metropolitan area being approximately six kilometres west of
Parramatta and 26 kilometres west of the Sydney CBD. The estate is situated in close proximity to the M4
Motorway, which is situated approximately 500 metres to the west and accessed via the Prospect Highway. The
Great Western Highway, Horsley Drive and Cumberland Highway are also located nearby.


47.6 ha development site located to the south of the established Greystanes Business Hub. Zoned Employment
under SEPP 59, the site provides the opportunity to develop a range of investment product in a strategic industrial
location situated in close proximity to the M7 and M4 Motorway interchange.
The property is located on the northern side of Liberty Road, Huntingwood in a well established good quality
industrial location. Liberty Road is a loop road leading from Huntingwood Drive, which joins the Great Western
Highway and Horsley Road. The Great Western Highway provides a direct link between Penrith and Parramatta.
Huntingwood is located about 10 kilometres west of Parramatta and 35 kilometres west of the Sydney CBD.



An industrial estate of over 60,000 square metres, comprising eight office/warehouses developed by the Trust
since 1993. The buildings range from 2,500-27,000 square metres and include major tenants such as VisyPet and
Allied Pickford. Kings Park is located in Marayong near the Marayong Railway Station. Its location has been
substantially enhanced over recent years following the completion of the M2 Motorway.


The property is located in Mascot, an established industrial suburb of Sydney, located approximately nine
kilometres by road from the Sydney CBD. The Sydney Kingsford Smith Airport is located one to two kilometres
south and the Botany Port Container Terminals are located approximately five kilometres to the south east.

The location provides excellent main road exposure and has a four street frontage. Rosebery Avenue runs parallel
to Botany Road which is one of the major thoroughfares of the locality, providing direct access to the CBD.
Convenient access is also available to Southern Cross Drive, The Eastern Distributor and the Sydney Kingsford Smith
Airport.
See 5-15 Rosebery Avenue, Rosebery

The property is located towards the western end of South Street, with the Parramatta River located at the
southern boundary of the property. Rydalmere is a western suburb of Sydney located approximately 20 kilometres
from the Sydney CBD.

The estate is located primarily on Egerton Street which is in close proximity to Silverwater Road in the Silverwater
industrial area. Silverwater is regarded as one of the premier established industrial regions in Sydney and is
accessed via Victoria Road, the M4 Motorway and Parramatta Road.


The property is located at the northern end of Chifley Street, Smithfield. Smithfield is a western suburb of Sydney
situated about 35 kilometres from the CBD and seven kilometres south west of Parramatta. The property has good
access to the M4 Motorway to the north and the M5 Motorway to the south.

The property is located on the northern side of Woodpark Road approximately one kilometre west of the
intersection with the Cumberland Highway in Smithfield. The property is situated in a well-established and popular
industrial location with good access to transport facilities.

The estate includes 13 office/warehouse units with a total gross lettable area of approximately 19,300 square
metres. The units offer modern quality accommodation ranging between 901 square metres to 2,049 square
metres. Frederick Street is located within the St Leonards/Artarmon industrial precinct approximately six
kilometres north of the Sydney CBD.

The building is located on the northern side of Biloela Street between Marple Avenue and Miller Road in Villawood.
The property is local to major transport routes with the Hume Highway approximately one kilometre to the south
and the M4 Motorway approximately six kilometres to the north.


The property is located on the southern side of Bellrick Street in Acacia Ridge and forms part of a modern
industrial estate which offers good access to major arterial roadways and is located within the southern industrial
hub of Brisbane. The property is located 13 kilometres south of the Brisbane CBD.

The complex is located in the inner city, south side suburb of West End. The property is located approximately
two kilometres south west of the Brisbane CBD. The immediate surrounding development comprises recently
constructed high-tech office/warehouse developments together with semi-modern warehouses and light industrial
premises.

The property is situated within an established industrial precinct in the north-western suburb of Gillman,
approximately 12 kilometres from the Adelaide CBD. The Gillman precinct is dominated by large warehousing
facilities, dockyards and harbour facilities. Transport to the CBD is via the major transport corridors of the Grand
Junction Road and Port Road.
A state-of-the-art 41,447 square metre distribution warehouse purpose built for Target. It is their national
distribution centre, which currently caters for 130 stores and can accommodate up to 200 stores. The centre is
located in Altona North, which is approximately 12 kilometres west of the Melbourne CBD.

The property is located in an established and well-regarded industrial location approximately 20 kilometres south
east of the Melbourne CBD. The Clayton industrial precinct is serviced by major road networks including the
Monash Freeway, approximately five kilometres east of the property and Dandenong Road approximately three
kilometres east of the property.


The property is located in the south east of Melbourne, approximately 36 kilometres from the CBD. The property
has excellent access to the South Gippsland Freeway (Monash Freeway) and South Gippsland Highway.


An estate of freestanding larger office/warehouses comprising a total of around 34,382 square metres. The estate
underwent a major refurbishment during 2002 at a cost of $1.6 million, which included upgraded façades and
landscaping. The estate is located on Boundary Road opposite the Moorabbin Airport.

The property is situated on the northern side of Macaulay Road within the suburb of Kensington and the municipal
boundaries of the City of Moonee Valley. The estate is situated approximately four kilometres north west of
Melbourne's CBD.

The property consists of two substantial office/warehouses for Toll Holdings (36,000 square metres) and the
Distribution Group (12,600 square metres). The estate is located on Henderson Road in the south-eastern suburb of
Knoxfield.


The property is located at Lara, between the ports of Melbourne and Geelong approximately 57 kilometres south-
west of Melbourne and 10 kilometres north of Geelong. The property is situated on the western side of Forest
Road South approximately 400 metres north of the Heales Road intersection.

The property is located in Laverton North, approximately 17 kilometres to the east of the Melbourne CBD and
Ports. The site is within close proximity to the Western Ring Road which is accessed at the interchange at Boundary
Road approximately three kilometres to the east and the interchange at Fitzgerald Road approximately three
kilometres to the north.

Recently completed chilled distribution facility within the Dexus Industrial Estate at Laverton North. The facility
provides temperature zones ranging from -1 degree to 25 degrees. Laverton situated in close proximity to major
transport infrastructure including the Western Ring Road, Princess Freeway, Westgate Freeway and the proposed
Deer Park Bypass.

Axxess comprises around 84,400 square metres of freestanding office buildings and traditional industiral
office/warehouse units. Axxess provides smaller units of around 250-1,000 square metres, as well as modern
office/warehouses ranging from 1,500-6,000 square metres. Axxess also fronts onto Forster and Gilby Roads and is
located 250 metres from the Monash Freeway.


The property is located in the Herdsman Business Park which is approximately seven kilometres north-west of the
Perth CBD. The Herdsman Business Park is well serviced by the surrounding roads and freeways including the
Mitchell Freeway which extends from the Perth CBD to link with the north western suburban coastal locations.
The property is located 1 mile south of I-10 off 43rd Avenue, south of Roosevelt. One-story, concrete tilt-up,
multi-tenant, warehouse building. Roof system is built-up tar.
The property is located east of I-10 and south of Sky Harbor Airport on University Drive. Five one-story, concrete
tilt-up, multi-tenant, flex buildings. Roof systems are built-up tar.
The property is located approximately one mile south of I-10 at the northwest corner of Polk and 47th Avenue.
One-story, concrete tilt-up, single tenant, warehouse building. Roof system is built-up tar.
The property is located northwest of the I-10 and I-17 interchange. One-story, concrete tilt-up, multi-tenant,
warehouse building. Roof system is built-up tar.
The property is located approximately 2-1/2 miles west of I-17 and south of West Buckeye Road. Two, one-story,
concrete tilt-up, multi-tenant, warehouse buildings. Roof systems are built-up tar.
The property is located one mile south of I-10 at West Van Buren Street and South 41st Avenue. Two, concrete tilt-
up, multi-tenant, warehouse buildings. Roof system is built-up tar.
The property is located south of I-10 and west of I-17 between West Van Buren and West Buckeye Road. One-
story, concrete tilt-up, single tenant, warehouse building. Roof system is built-up tar.
The property is located east of I-10 between University Drive and Broadway Road. One-story, concrete tilt-up,
single tenant, flex building. Roof system is built-up tar.


The property is located southwest of the 202 and 101 Freeway interchange between University Drive and Broadway
Road. Single, concrete tilt-up, multi-tenant, warehouse building. Roof system is built-up tar.
The property is located just east of I-10 and I-53 interchange Broadway Road and Southern Avenue . Four,
concrete tilt-up, multi-tenant, flex buildings. Roof systems are built-up tar.


The property is located at 84th Avenue between Harrison and Jefferson, approximately 1/4 mile from I-10 loop and
Loop 101. One-story, concrete tilt-up, multi-tenant, warehouse building. Roof system is built-up tar.
The property is located southwest of the I-10 and I-15 interchange just north of Jurupa Street. Single, concrete
tilt-up, multi-tenant, warehouse/flex building. Roof system is built-up tar.

Adjacent to I-5 at the Los Angeles County/Orange County in the city of La Mirada and Buena Park. Access to I-5 at
Valley View or Knott Avenue are within one mile of both buildings. Two, concrete tilt-up, single tenant, warehouse
buildings. Roof systems are built up tar.


The property is located at the end of a cul-de-sac at Newton Drive just north of the intersection of College Blvd.
and Palomar Road, approximately three miles east of the of the I-5 and five miles west of the 78 Freeway off
College Boulevard. Single, concrete tilt-up, single tenant, flex building. Roof system is built-up tar.
The property is located one mile south of the Pomona (60) Freeway between Central and Mountain Avenues. One-
story, concrete tilt-up, multi-tenant, industrial building. Roof system is built-up tar.

Adjacent to I-5 at the Los Angeles County/Orange County in the city of La Mirada. Access to Interstate 5 at Valley
View or Knott Avenue are within one mile of the building. Seven, concrete tilt-up, multi-tenant, warehouse
buildings. Roof systems are built up tar.

Regional access is provided via I-5 at Glendale Boulevard or the Glendale (2) Freeway at San Fernando Road. The
property is located between Glendale Blvd. and Fletcher Drive. Seven, concrete tilt-up, multi-tenant, warehouse
buildings. Roof systems are built up tar.
The property is located northeast of the I-15 and 60 Freeway interchange off Etiwanda. Single, concrete tilt-up,
multi-tenant, warehouse building. Roof system is built-up tar.

The properties are located at the northeast end of Ontario, and accessed via the San Bernardino (10), Pomona (60),
and the Ontario (15) freeways. Five, concrete tilt-up, multi-tenant, warehouse/flex buildings. Roof systems are
built-up tar.


The property is rectangular, except for a 1 acre parcel at the southwest corner of Perris Boulevard and Morgan
Street, and makes up an entire block along Perris Boulevard, between Dawes Street and Morgan Street. Access to
the site is possible from both Perris Boulevard at the front of the property and Redlands Avenue .
The property is located northwest of the I-10 and I-15 interchange off of Rochester Avenue with I-15 visibility.
Single, concrete tilt-up, single tenant, warehouse building. Roof system is built-up tar.

Three of the buildings (Richmond Pl., Buffalo Ave. and Sixth St.) are located northwest of the I-10 and I-15
interchange. Santa Anita is located northeast of the I-10 and I-15 interchange. The properties are also easily
accessed via the Pomona (60) Freeway. Four, concrete tilt-up, multi-tenant, warehouse/flex buildings. Roof
systems are built-up tar.

The property is located in Otay Mesa off the 905 Freeway at the corner of Britannia Way and Airway Road. The 905
Freeway is located 12 miles east of the San Diego (5) Freeway. Single, concrete tilt-up, multi-tenant,
warehouse/flex building. Roof system is built-up tar.

A development comprising 139,392 sf Class A multi-tenant office space in the Valencia community of Santa Clarita,
California, with covered parking for 380 cars. The development is being undertaken in joint venture with Parker
Properties and is scheduled for completion in 2008.

The property is located north of the intersection of the Golden State (5) Freeway and the Hollywood (170) Freeway
on San Fernando Road at Sheldon Street. One, concrete tilt-up, multi-tenant, warehouse/flex building. Roof
system is membrane/EPDM.
The property is located west of the 78 Freeway and south of Sycamore Avenue on the corner of Melrose and Oak
Ridge Way. Single, concrete tilt-up, single tenant, flex building. Roof system is built-up tar.

The property is located in Orlando Central Park in Southwest Orlando. Access is provided by I-4 to the west (2
miles), the Beeline Expressway to the south (2 miles) and Florida's Turnpike to the east (1 mile). One, concrete
tilt-up, multi-tenant, warehouse/flex building. Roof system is membrane/EPDM.

 The properties are located in Orlando Central Park in Southwest Orlando and are accessible by I-4, the Beeline
Expressway and Florida's Turnpike. Seven, concrete tilt-up, multi-tenant, warehouse/flex buildings. Roof systems
are membrane/EPDM and built up tar.

A one-story building with tilt up concrete panel wall and steel columns. The slab is 6" reinforced concrete which
can handle 4,000 PSI. The roof is a steel bar joist and metal decking structure with a three ply roof system with
modified bitumen cap. The building has a 32' clear height and 2 drive-in doors and 44 dock-high doors and 250
trailer parking stalls.

268,000 sf distribution centre under construction, located in the Medley submarket 8 miles northwest of Miami Int'l
airport, with access to the Florida Turnpike. The building has a +/-30 foot clear height ceiling, 4 loading doors per
bay, a 60 foot deep interior staging area, tilt wall construction with a metal bar joist/steel roof deck and a ESFR
fire sprinkler system.

The buildings are located in the Northpoint Business Park three miles east of the FLA Turnpike interchange and 1/2
mile west of I-95 interchange via 45th Street. Three one-story, concrete tilt-up, multi-tenant, warehouse
buildings. Roof systems are built up tar.

I-20 West Fulton Submarket, approximately two miles from the intersection of the I-285 and Bankhead Hwy and
five miles from the I-20 Fulton Industrial Pkwy Intersection. Fifteen miles west of Downtown Atlanta.
Approximately ten miles from the Atlanta airport. One-story, concrete tilt up, multi-tenant warehouse building.
Roof system is membrane/EPDM.

Northwest submarket, along I-75 and I-575. Nearby to Canton Road (Hwy Spur 5) at the intersection of Williams Dr.
and Guffen. Three one-story, brick and steel, single/multi-tenant warehouse buildings. Roof systems are modified
bitumen and roof membrane.
Northwest submarket, proximate to both I-75 and I-575 via Chastain Road. Two one-story, concrete tilt up, multi-
tenant flex buildings. Roof system is membrane/EPDM.


I-20 West Fulton Submarket, three miles from I-285, approximately 15 miles from downtown Atlanta and ten miles
from the Atlanta airport. One-story, concrete tilt up, single tenant flex building. Roof system is membrane/EPDM.

Approximately 10 miles from I-85 and 3 miles from US 78. Stone Mountain is located approx. 23 miles from
Downtown Atlanta and 28 miles from the Atlanta airport. The property is one mile from the intersection of South
Royal Drive and Mountain Industrial/Jimmy Carter Boulevard. Three one-story, brick, multi-tenant warehouse
buildings. Roof systems are built up tar and metal.


Three buildings totalling 255,387sf with 28' clear heights and 4% office buildout.
The property is located north of the I-275, Mineola Pike exit. One story, concrete tilt-up multi-tenant flex
building. Roof system is membrane/EPDM.
The property is located at the I -71/ I-275 interchange. Three one story, masonry and metal, multi-tenant
warehouse/flex buildings. Roof systems are membrane/EPDM.


Proximate to I-71/I-75 & Dixie Hwy just southwest of the Dixie Highway and Industrial Road intersection. Three
one story, masonry single/multi-tenant warehouse buildings. Roof systems are membrane/EPDM.

The property is located just east of I-71/I-75, proximate to Dixie Highway and Industrial Road intersection. Two
one story, concrete tilt-up & masonry and metal, single/multi- tenant warehouse/flex buildings. Roof systems are
membrane/EPDM and metal.
The property is located just north of the I-71/ Houston Road exit. Two one story, brick on block, single/multi-
tenant flex buildings. Roof systems are built-up tar.
Located at the intersection of I-275 and North Bend Road at South Park. One story, concrete tilt-up, single tenant
warehouse building. Roof system is membrane/EPDM.
The buildings are located within one mile of the Interstate 95, Interstate 895 and the Port of Baltimore. Three, one
story, brick and block composite flex buildings.
Located off Route 32, just East of I-95. One story, masonry, single tenant, flex building. Roof system is
membrane/EPDM.


Located in the Balt./Wash Industrial Park (BWIP), which is just off US Route 1 between Rte. 175 and Rte. 32. Two,
one story, concrete tilt up multi-tenant warehouse buildings. Roof systems are membrane/EPDM.
The buildings are located in the MD Wholesale Food Market which is just off Route US 1 at Route 175. Two, one
story, masonry and metal, multi-tenant warehouse buildings. Roof systems are metal.


Located in the Balt./Wash Industrial Park (BWIP), which is just off of US Route 1 between Route 175 and Route 32.
One story, concrete tilt up multi-tenant warehouse buildings. Roof system is membrane/EPDM.
Located in the Balt./Wash. Industrial Park ("BWIP"), which is just off Route 1 between Route 175 and Route 32.
One story, masonry, multi-tenant warehouse/flex building. Roof system is built-up tar.


Located just east of the intersection of I-295 (Balt./Wash. Expressway) and I-695 (Balt. Beltway) interchange.
Two one-story, masonry and metal, multi-tenant, warehouse/flex buildings. Roof systems are metal.
Located just northeast of the intersection of I-295 (Balt./Wash. Expressway) and I-95. One-story, masonry, multi-
tenant, flex buildings. Roof systems are membrane/EPDM.
The buildings are located just off Route 7, one-half mile north of I-695 (Balt. Beltway). Two, one story, masonry
multi-tenant warehouse/flex buildings. Roof systems are membrane/EPDM.
The property is located at the intersection of 495 and Route 140 (Exit 17) at Grove Street One story, masonry
multi-tenant warehouse buildings. Roof system is built up tar.

The property is located in the Southwest submarket, on the north side of Interstate 494 frontage road between
Highway 169 and Highway 100. One-story, concrete block construction with steel columns and brick veneer and
decorative metal canopies, multi-tenant flex building. Roof system is 3-ply built-up asphalt, bituminous membrane
over rigid insulation.


The property is located in the Northwest submarket, on Interstate 694 with access from the intersection of
Interstate 694 and County Road 81. One-story, concrete block with steel frame construction, multi-tenant
warehouse building. Roof system is 3-ply built-up asphalt, bituminous membrane over rigid insulation.

The property is located in the South Central submarket, just south of Interstate 494 and Pilot Knob Road. The
Minneapolis International Airport is located within 5 miles of the property. Four one-story, concrete block with
brick fascia, multi-tenant flex buildings. Roof system is 3-ply built-up asphalt, bituminous membrane over rigid
insulation.


Cahill Road is located off Hwy 169, just south of the Hwy 169 and I-694 interchange. I-694 serves as a beltway for
the Twin Cities. One story, masonry, multi-tenant, warehouse building. Roof system is built up tar.

Trenton Lane is located off Hwy 169, just south of the Hwy 169 and I-694 interchange. I-694 serves as a beltway
for the Twin Cities. One story, pre-cast concrete tilt-up, single tenant, warehouse building. Roof system is built
up tar.


Monticello Lane is located off Hwy 169, just north of the Hwy 169 and I-694 interchange. I-694 serves as a beltway
for the Twin Cities. One story, masonry, single tenant, warehouse building. Roof system is membrane/EPDM.

Located off the Loan Oak Rd. exit 35E, just south of the I-35 E/I- 494 interchange. I-494 connects with I-694
serving as a belt way for the twin cities. One story, concrete tilt-up, multi-tenant, warehouse building. Roof
system is built up tar.


Located off Hwy 10 and 35E, just north of the I-35 / I-694 interchange. I-694 serves as a beltway for the Twin
Cities. Four one story, masonry, multi-tenant, warehouse buildings. Roof systems are membrane/EPDM.


The property is located northwest Intersection of I-77, Westinghouse Blvd. exit and southwest of the I-485, Tyron
Avenue exit. One story, masonry, multi-tenant warehouse building. Roof systems are membrane EPDM.
Located at the intersection of I-77 and Westinghouse Blvd. Three one story, concrete tilt-up/masonry, multi-tenant
warehouse buildings. Roof systems are membrane EPDM and built up tar.

The property is southwest of I-485 and northeast of Route 160 at the intersection of Westinghouse Blvd. and
Goodrich Drive. Four one story, concrete tilt-up masonry, single tenant warehouse buildings. Roof systems are
membrane EPDM.
Northwest of I-71 and proximate to the Blue Ash Airport, just off Reed Hartman Highway. Two one story, masonry
and metal, multi- tenant warehouse buildings. Roof systems are built up tar.


West of I-75 and east of Route 747. The property is located near the intersection of International Blvd. and Duff
Drive. Two one story, concrete tilt-up, single tenant warehouse buildings. Roof systems are built up tar.


The property is located just west of the I -71/I-275 interchange. Seven one story, concrete tilt-up/masonry and
metal, single/multi- tenant warehouse buildings. Roof systems are built up tar and metal.

The properties are located just north of the I-70 and I-270 interchange, between Tribune Road and Roberts Road.
Five one story, concrete tilt up, multi tenant warehouse/flex buildings. Roof systems are built-up tar and
membrane/EPDM.
Northwest of the I-270 and Roberts Road interchange. Single one story concrete tilt up, multi tenant warehouse
building. Roof system is membrane/EPDM.
Intersection of 270 and Alum Creek Drive at Rickenbacker Airport. Two one story, concrete tilt up, multi tenant
warehouse buildings.
The property is located just east of the I-70/ I-270 interchange, at the N. Wilson Road Exit. One story, concrete
tilt up, multi tenant warehouse building. New fully adhered EPDM roof.
The property is located just south of the I -71/Fields Ertel Road exit at Loveland Industrial Park. One story,
masonry, single tenant warehouse building. Roof system is metal.

Located in Cumberland County approximately 15 minutes west of Harrisburg. 201 Cumberland is located just off
Route 15 and Winding Hill Road (1 exit south of I-76). 5045 Ritter Rd. is located off Route 15 and Rossmoyne Rd.
(1 exit north of I-76) Two, one story, masonry and concrete tilt-up, single tenant, warehouse buildings. Roof
systems are membrane/EPDM.

Located in Cumberland County approximately 15 minutes west of Harrisburg off Silver Springs Road between
Routes 641 and 11 (north of I-76). Two, one story, masonry and metal, single tenant, warehouse buildings. Roof
systems are membrane/EPDM and built up tar.


The property is located off I-283 (north of I-76) at N. Union Street and Fulling Mill Road in Dauphin County near
Harrisburg. One story, masonry and metal, multi-tenant, warehouse building. Roof system is metal.
Due north of the intersection of I-240 and 78 (Lamer Avenue) on Pilot Drive. One story, brick and steel, single
tenant, warehouse building. Roof system is metal.

912 113th St is located near Interstate Highway 30 in Arlington, TX, Tarrant County. 2300 Randol Mill Rd. is located
between Interstate Highway 30 and Interstate Highway 20 just west of Highway 360. Two single story, concrete tilt
up, single tenant flex buildings. Roof systems are membrane/EPDM.

Situated east of Highway 35 in Carrollton, TX, Denton County. The property can be accessed from Dickerson
Parkway or Bradley Lane. One single story, concrete tilt up, single tenant office/warehouse building. Roof
system is membrane/EPDM.

Located east of Highway 635 in the city of Coppell, Dallas County, TX. This property is accessible from Airline
Drive. One single story, concrete tilt up, single tenant warehouse/distribution building. Roof system is
membrane/EPDM.

Situated east of Highway 35 in Carrollton, TX, Denton County. The property can be accessed from Dickerson
Parkway or Bradley Lane. One single story, concrete tilt up, single tenant office/warehouse building. Roof
system is membrane/EPDM.


Located west of Highway 35 in Carrollton, TX, Denton County. The property is accessible by Benchmark Drive and
Diplomat Drive. One single story, concrete tilt up, multi-tenant flex building. Roof system is built up tar.
Located west of Highway 35 in Carrollton, TX, Denton County. The property is accessible by Benchmark Drive and
Diplomat Drive. One single story, concrete tilt up, single tenant flex building. Roof system is built up tar.
The properties are located east of I 635 between Forest Lane and Miller Road. Three single story, concrete tilt up,
multi-tenant warehouse/flex buildings. Roof systems are membrane/EPDM.

This building is located in the northwest region of of Dallas County on the southwest corner of the intersection of
Hutton Drive and Hutton Court between Route 175 and Route 32. Concrete tilt wall panels with glass storefront,
multi-tenant, flex building. Roof system is membrane/EPDM.

The property is located east of I 635 in the city of Dallas, Dallas County, TX. It is accessible from Sanden Drive and
Regency Crest Drive. One single story, concrete tilt up, multi-tenant warehouse building. Roof system is built up
tar.
This 25.6-acre development land site was purchased on 30 June 2006 and is located in Garland, Dallas, in the state
of Texas.
This 13.5-acre development land site was purchased on 30 June 2006 and is located in Plano, Dallas, in the state of
Texas.
These properties are located north of I-90 in the city of Plano, Collin County, TX. Two, multi-tenant, concrete tilt-
up, warehouse/flex buildings. Roof systems are built up tar.
The property is located east of North Central Expressway in the city of Plano, Collin County, TX. Three single
story, masonry, multi-tenant flex buildings. Roof system is built up tar.
These buildings are located north of I-90 in the city of Plano, Collin County, TX. Two, single story, concrete tilt-
up, multi-tenant, warehouse/flex buildings. Roof systems are built up tar.


North of I-90 and east of North Central Expressway. The properties are accessible from East Plano Parkway. Two
one story, concrete tilt-up, multi-tenant warehouse/flex buildings. Roof systems are membrane/EPDM.


North of I-90 and east of North Central Expressway. The properties are accessible from East Plano Parkway. Four
one story, concrete tilt-up, multi-tenant warehouse/flex buildings. Roof systems are built up tar.

The property is located east of North Central Expressway in the city of Richardson, Dallas County, TX. It is
accessible from Firman Drive and Collins Blvd. One single story, concrete tilt-up, multi-tenant flex building. Roof
system is membrane/EPDM.


Two buildings totalling 288,000sf with 30' clear heights and 10% office buildout.
Two buildings totalling 416,000sf. 402 Tayman has 16' clear heights and 0% office buildout while 302 Tayman has
30' clear heights and 2% office buildout.


This 10.3 acre development land site was purchased in November 2007 and is located in San Antonio, Texas.
Single 133,500sf building with 24' clear heights and 23% office buildout.
Two buildings totalling 209,500sf with 24' clear heights and 22% office buildout.


This 3.0 acre development land site was purchased in July 2007 and is located in San Antonio, Texas.


This 3.0 acre development land site was purchased in July 2007 and is located in San Antonio, Texas.


This 2.3 acre development land site was purchased in July 2007 and is located in San Antonio, Texas.


This 5.6 acre development land site was purchased in July 2007 and is located in San Antonio, Texas.


This 5.8 acre development land site was purchased in July 2007 and is located in Schertz/San Antonio, Texas.


This 2.9 acre development land site was purchased in July 2007 and is located in Schertz/San Antonio, Texas


This 4.1 acre development land site was purchased in July 2007 and is located in Schertz/San Antonio, Texas
Located just north of Beltline Road in the city of Coppell, Dallas County, TX. It is accessible from Beltline Road
and North Lake Drive. One single story, concrete tilt up, multi-tenant warehouse/distribution building. Roof
system is built up tar.

Located in the I-395 Corridor submarket at the rear of Oakville Industrial Park along Route 1, approximately 3
miles south of Washington DC and one mile south of Ronald Reagan Airport. Five industrial, masonry and metal,
multi-tenant, warehouse buildings. Roof systems are built up tar.

Located in the I-395 Corridor submarket at the rear of Oakville Industrial Park along Route 1, approximately 3
miles south of Washington DC and one mile south of Ronald Reagan Airport. Three, masonry and metal, multi-
tenant, warehouse buildings. Roof systems are built up tar.

The Beaumeade Circle buildings are located on Beaumeade Circle in the Beaumeade Corporate Park located just
off of Waxpool Road in Ashburn, VA approximately 6 miles north of the Dulles International Airport and
approximately 30 miles west of DC. Two one story, concrete tilt-up, single tenant, flex buildings. Roof systems
are membrane/EPDM.


This 10.7-acre development land site was purchased on 30 June 2006 and is located in Ashburn, Virginia.


The buildings are located on Beaumeade Circle in the Beaumeade Corporate Park located just off of Waxpool Road
in Ashburn, approximately 6 miles north of the Dulles International Airport and approximately 30 miles west of DC.
The property is readily accessible from State Road 28 via public road ways.

The property is located just east of the Washington-Dulles International Airport. It is proximate to Sully Road at
the intersection of Mclearen Road and EDS Drive. One story, concrete tilt-up, single tenant, office building. Roof
system is membrane/EPDM.

The Nokes Boulevard buildings are in the eastern portion of Loudon County, in the city of Sterling. The property is
situated in Loudon Techcenter, a 280-acre park along Route 7 and Route 28. Two one story, concrete tilt-up, multi-
tenant, flex buildings. Roof systems are membrane/EPDM.

This 14-acre development land site was purchased on 30 June 2006 and is located in Sterling, Virginia. The site is
approximately 1.5 miles south of Dulles Town Centre and 5.7 miles from Washington Dulles International Airport.
Ground breaking has commenced on a 220,000 sf Class A suburban office complex to be named Atlantic Corporate
Park.

Kent West Corporate Park is located along the west side of the West Valley Highway (68th Avenue South), one half
mile south of S. 212th Street. The property has excellent frontage on West Valley Highway, with easy access to
Interstate 5 and Highway 167. Five one-story, concrete tilt-up, multi-tenant, warehouse/flex buildings. Roof
systems are built-up tar.


Riverbend Commerce Park is located approximately 2 miles east of SR 167 and south of S. 259th Street and Green
River Road. One-story, concrete tilt-up, multi-tenant, warehouse building. Roof system is built-up tar.


Riverbend Commerce Park is located approximately 2 miles east of SR 167 and south of S. 259th Street and Green
River Road. One-story, concrete tilt-up, multi-tenant, flex building. Roof system is built-up tar.
Single 754,704sf building with 32' clear heights and 2% office buildout.
Longjumeau is located 19 km to the South of Paris and 20 km from Evry, at the junction of the motorways A6, A10
and N20.

Epône is located 40 km West of Paris (porte de Saint Cloud) and 15 km from the A13 / A14 motorway junction. The
property is located within the industrial area "La Couronne des Près" next to the town of Epône, 1.5 km from the
A13 motorway.

The property is located 20 km to the South-east of Paris. The town of Servon is located next to the "Francilienne"
Paris outer motorway ring road. The site is also served by the N19 road. The property is situated within the "L'Orme
Rond" industrial area which extends to 10 hectares between the N19 and the TGV line. The industrial area is
currently fully occupied.

The property is located 20 km to the South-east of Paris. The town of Servon is located next to the "Francilienne"
Paris outer motorway ring road. The site is also served by the N19 road. The property is situated within the "L'Orme
Rond" industrial area which extends to 10 hectares between the N19 and the TGV line. The industrial area is
currently fully occupied.
The property is located to the South of Paris within the International Business Park of Courtaboeuf, a major
business and transportation hub with good access by road, rail and air.


The property is located at Isle d'Abeau, next to the town of Saint Quentin Fallavier to the South-east of Lyon. The
site benefits from direct access to the A43 motorway and within proximity of the Saint Exupéry airport and TGV
station. Isle d'Abeau is the second largest logistics location in France after the Paris region.


The property consists of a warehouse complex, divided into several functional units, one single storey warehouse
and an office floor. The warehouse construction is reinforced concrete framework, partly brick walls with thermal
insulation and partly trapezoidal metal cladding. Warehouse clearance ranges from 9.6 to 15 meters. The property
is well located with good access and visiblility from busy intersection of motorways A81 and A6.


The property consists of a distribution complex, divided into several functional units; one single storey
refridgerated warehouse with an office/canteen located on the upper floor. Warehouse clearance is 7 meters. The
property is well located with good access and visiblility from busy intersection of motorways A81 and A6.

The complex consists of a warehouse/office building, and 3 ancilliary office/storage buildings, as well as a petrol
station and car wash. The main 3-storey warehouse has a supermarket on the ground floor, with storage and office
facilities in the remainder. The site is located in an industrial area adjacent to residential areas, with good access
to the A81 motorway.


The property consists of 2 state-of-the-art interconnected warehouse/logistics buildings. Both buildings are built
using reinforced concrete framework, partly with brick walls and metal panel facades. Warehouse clearance
ranges from 5.5 to 12 metres. The property is located in a modern industrial area within 200m of motorway A70.


A recently constructed state-of-the-art logistics building with cross-docking facilities and office space. The
warehouse building is constructed of reinforced concrete elements with sandwich façade. Located within newly
established cargo transport centre with excellent access to motorway and railway.


The complex consists of single storey warehouse facilities with integrated double storey office area. It is
constructed of prefabricated concrete walls with sandwich panelling. Internal clearnce ranges from 6.5m to 8m in
the newer part. The property is strategically located to serve Poland or Czech Republic from Germany.

The property consists of 3 separate lots, consisting of a warehouse, an outdoor parking area and a vacant
development lot. The warehouse consists of a logistics building with integrated office facilities. Construction is
reinforced concrete elements, with partly bricked walls and steel sandwich facade. The property is well located
within 800m of highway A4.

The property consists of a warehouse building with office units in two upper floors. The building construction is
reinforced concrete framework with a flat roof, partly with brick walls. The façade is predominantly rendered.
Warehouse clearance ranges from 9 to 10 metres.

The property consists of a warehouse complex of 5 interconnected storage halls and two main office areas, and is
configured as a grocery distribution centre. Construction is reinforced concrete elements, with partly bricked walls
and steel sandwich facade. Located in a strategic logistics area directly between Berlin and Hannover, and within
90km of Leipzig Airport freight hub.

A recently completed state-of-the-art warehouse with office and workshop/paint shop facilities. Internal clearance
is 10 metres. The property is situated in a popular established logistics site with immediate access to the harbour
of Duisberg (Germany's biggest inland harbour).

The warehouse complex consisting of a warehouse with ancilliary office space divisible into 4 units, is reinforced
concrete frame, partly with brick walls and profiled metal cladding facade. Warehouse clearance is 10 metres.
Location offers good infrastructure with excellent access to A44 motorway and airport, within one of Germany's
strongest economies.

The complex consists of a 3 buildings, a three-storey office building, a warehouse and an additional warehouse
with office/administration use. The site is located in the commercial area of Langenfeld, with good access from
motorway via B229 and exellent visibility from main road.
                           The complex consists of a warehouse/office complex erected in 3 phases. The main 4-storey warehouse is
                           constructed of reinforced concrete frame, partly with brick walls with washed concrete facade. The site is located
                           with immediate access to the A3 motorway (Netherlands to Austria) within 3km.

                           The property is a modern office/warehouse facility with expansion potential. It has a reinforced concrete frame
                           partly with brick wallsand the façade consists of profiled metal cladding with thermal insulation. Internal clearace
                           is between 6.7m and 10m. Excellent logistics infrastructure due to location at the junction of the A1 and A2
                           motorways.

                           Whitford City is a regional shopping centre located in Hillarys approx. 24 kilometres north-west from the Perth
                           CBD. The centre accomodates five major, three mini-major tenants, approx. 250 specialty retailers and 19 office
                           tenancies. Whitfords Avenue located opposite the Centre, is a retail bulky goods/showroom site incorporating
                           Bunnings Warehouse and 11 showrooms.




ls and is represented in Australian dollars.
1.2609, AUD/EUR 0.6096 AUD/CAD 0.9715


ate, Boundary Road, Laverton North was sold and is shown separately.




 Sydney have been consolidated as part of Space, 1 Bligh Street, Sydney development.


ange rate of 0.8966 (June 2008).
Metro area       Building Type            Title       Ownership
                                                      %


Canberra CBD     A Grade - office         Leasehold          100%




Canberra CBD     B Grade - office         Leasehold          100%




Chatswood        A Grade - office         Freehold            50%




North Ryde       Office Park              Freehold           100%




North Ryde       Business Park            Freehold           100%




North Ryde       Land                     Freehold            50%




North Sydney     A Grade - office         Freehold           100%




Parramatta CBD   B Grade - office         Freehold           100%



Sydney CBD       Premium Grade - office   Freehold            68%


Sydney CBD       Other



Sydney CBD       A Grade - office         Freehold           100%



Sydney CBD       A Grade - office         Freehold            50%




Sydney CBD       Premium Grade - office   Freehold            50%
Sydney CBD      A Grade - office         Freehold   50%


Sydney CBD      B Grade - office         Freehold   100%




Sydney CBD      A Grade - office         Freehold   100%




Sydney CBD      A Grade - office         Freehold   50%



Sydney CBD      A Grade - office         Freehold   100%



Sydney CBD      A Grade - office         Freehold   100%



Sydney CBD      A Grade - office         Freehold   100%




Brisbane CBD    Premium Grade - office   Freehold   100%




Melbourne CBD   B Grade - office         Freehold   100%



Melbourne CBD   A Grade - office         Freehold   100%




Melbourne CBD   A Grade - office         Freehold   100%



Perth CBD       Premium Grade - office   Freehold   100%


Auckland CBD    Premium Grade - office   Freehold   100%



Sydney CBD      Carpark                  Freehold   100%



Melbourne CBD   Carpark                  Freehold   100%



Melbourne CBD   Carpark                  Freehold   100%
Melbourne CBD        Carpark               Leasehold   100%



Sydney, Outer West   Distribution Centre   Freehold    100%




Sydney, Inner West   Business Park         Freehold    100%




Sydney, Outer West   Business Park         Freehold    100%



Sydney, North        Business Park         Freehold    100%




Sydney, North        Business Park         Freehold    100%




Sydney, Outer West   Distribution Centre   Freehold    100%




Sydney, Outer West   Distribution Centre   Freehold    100%




Sydney, North        Business Park         Freehold    100%



Sydney, Outer West   Distribution Centre   Freehold    100%




Sydney, Inner West   Business Park         Freehold    100%



Sydney, North        Business Park         Freehold    100%




Sydney, Outer West   Industrial Estate     Freehold    100%




Sydney, Outer West   Land                  Freehold    100%
Sydney, Outer West   Distribution Centre   Freehold   100%




Sydney, Outer West   Industrial Estate     Freehold   100%




Sydney, South        Industrial Estate     Freehold   100%




Sydney, South        Business Park         Freehold   100%
Sydney, South        Business Park         Freehold   100%



Sydney, Inner West   Industrial Estate     Freehold   100%



Sydney, Inner West   Business Park         Freehold   100%




Sydney, Outer West   Industrial Estate     Freehold   100%



Sydney, Outer West   Distribution Centre   Freehold   100%




Sydney, North        Business Park         Freehold   100%



Sydney, Outer West   Distribution Centre   Freehold   100%




Brisbane             Distribution Centre   Freehold   100%




Brisbane             Business Park         Freehold   100%




Adelaide             Distribution Centre   Freehold   100%
Melbourne, West         Distribution Centre   Freehold   100%




Melbourne, South East   Distribution Centre   Freehold   100%



Melbourne, South East   Industrial Estate     Freehold   100%




Melbourne, South East   Industrial Estate     Freehold   100%



Melbourne, North West   Industrial Estate     Freehold   100%



Melbourne, South East   Distribution Centre   Freehold   100%




Melbourne, South West   Distribution Centre   Freehold   100%




Melbourne, West         Distribution Centre   Freehold   100%




Melbourne, West         Distribution Centre   Freehold    50%




Melbourne, South East   Industrial Estate     Freehold   100%




Perth                   Business Park         Freehold   100%


Phoenix                 Distribution Centre   Freehold   100%


Phoenix                 Business Park         Freehold   100%


Phoenix                 Distribution Centre   Freehold   100%


Phoenix                 Distribution Centre   Freehold   100%


Phoenix                 Distribution Centre   Freehold   100%


Phoenix                 Distribution Centre   Freehold   100%
Phoenix       Distribution Centre   Freehold                  100%


Phoenix       Business Park         Freehold                  100%



Phoenix       Distribution Centre   Freehold                  100%


Phoenix       Business Park         Freehold                  100%



Phoenix       Distribution Centre   Freehold                  100%


Riverside     Industrial Estate     Freehold                  100%



Los Angeles   Distribution Centre   Freehold                  100%




San Diego     Business Park         Freehold                  100%


Riverside     Distribution Centre   Freehold                  100%



Los Angeles   Distribution Centre   Freehold                  100%


                                    Freehold with Leasehold
Los Angeles   Industrial Estate     Parcel                    100%


Riverside     Distribution Centre   Freehold                  100%



Riverside     Industrial Estate     Freehold                  100%




Riverside     Warehouse             Freehold                  100%


Riverside     Distribution Centre   Freehold                  100%




Riverside     Industrial Estate     Freehold                  100%



San Diego     Industrial Estate     Freehold                  100%



Los Angeles   Office Park           Freehold                  92%



Los Angeles   Industrial Estate     Freehold                  100%
San Diego       Business Park          Freehold   100%



Orlando         Industrial Estate      Freehold   100%



Orlando         Industrial Estate      Freehold   100%




Orlando         Distribution Centre    Freehold   100%




South Florida   Distribution Centre    Freehold   100%



South Florida   Distribution Centre    Freehold   100%




Atlanta         Distribution Centre    Freehold   100%



Atlanta         Distribution Centre    Freehold   100%


Atlanta         Business Park          Freehold   100%



Atlanta         Business Park          Freehold   100%




Atlanta         Industrial Estate      Freehold   100%


Chicago         Industrial/Warehouse   Freehold   100%


Cincinnati      Distribution Centre    Freehold   100%


Cincinnati      Industrial Estate      Freehold   100%



Cincinnati      Distribution Centre    Freehold   100%



Cincinnati      Industrial Estate      Freehold   100%


Cincinnati      Business Park          Freehold   100%


Cincinnati      Industrial Estate      Freehold   100%
Baltimore     Distribution Centre   Freehold   100%


Baltimore     Business Park         Freehold   100%



Baltimore     Distribution Centre   Freehold   100%


Baltimore     Distribution Centre   Freehold   100%



Baltimore     Business Park         Freehold   100%


Baltimore     Industrial Estate     Freehold   100%



Baltimore     Industrial Estate     Freehold   100%


Baltimore     Business Park         Freehold   100%


Baltimore     Industrial Estate     Freehold   100%


Boston        Distribution Centre   Freehold   100%




Minneapolis   Business Park         Freehold   100%




Minneapolis   Distribution Centre   Freehold   100%




Minneapolis   Business Park         Freehold   100%



Minneapolis   Industrial Estate     Freehold   100%



Minneapolis   Distribution Centre   Freehold   100%



Minneapolis   Distribution Centre   Freehold   100%



Minneapolis   Distribution Centre   Freehold   100%



Minneapolis   Distribution Centre   Freehold   100%



Charlotte     Distribution Centre   Freehold   100%
Charlotte    Distribution Centre   Freehold   100%



Charlotte    Distribution Centre   Freehold   100%


Cincinnati   Distribution Centre   Freehold   100%



Cincinnati   Distribution Centre   Freehold   100%



Cincinnati   Distribution Centre   Freehold   100%



Columbus     Industrial Estate     Freehold   100%


Columbus     Industrial Estate     Freehold   100%


Columbus     Distribution Centre   Freehold   100%


Columbus     Industrial Estate     Freehold   100%


Cincinnati   Distribution Centre   Freehold   100%




Harrisburg   Distribution Centre   Freehold   100%



Harrisburg   Distribution Centre   Freehold   100%



Harrisburg   Distribution Centre   Freehold   100%


Memphis      Distribution Centre   Freehold   100%



Dallas       Business Park         Freehold   100%



Dallas       Business Park         Freehold   100%



Dallas       Industrial Estate     Freehold   100%



Dallas       Industrial Estate     Freehold   100%



Dallas       Business Park         Freehold   100%
Dallas        Business Park          Freehold    100%


Dallas        Industrial Estate      Freehold    100%



Dallas        Business Park          Freehold    100%



Dallas        Distribution Centre    Freehold    100%


Dallas        Land                   Freehold    100%


Dallas        Land                   Freehold    100%


Dallas        Industrial Estate      Freehold    100%


Dallas        Business Park          Freehold    100%


Dallas        Industrial Estate      Freehold    100%



Dallas        Industrial Estate      Freehold    100%



Dallas        Industrial Estate      Freehold    100%



Dallas        Business Park          Freehold    100%


San Antonio   Industrial/Warehouse   Freehold    100%


San Antonio   Industrial/Warehouse   Leasehold   100%


San Antonio   Land                   Leasehold   97%
San Antonio   Industrial/Warehouse   Freehold    100%
San Antonio   Industrial/Warehouse   Freehold    100%


San Antonio   Land                   Freehold    97%


San Antonio   Land                   Freehold    97%


San Antonio   Land                   Freehold    97%


San Antonio   Land                   Freehold    97%


San Antonio   Land                   Freehold    97%


San Antonio   Land                   Freehold    97%


San Antonio   Land                   Freehold    97%
Dallas              Distribution Centre    Freehold                  100%



Northern Virginia   Industrial Estate      Freehold                  100%


                                           Freehold with Leasehold
Northern Virginia   Industrial Estate      Parcel                    100%




Northern Virginia   Business Park          Freehold                  100%


Northern Virginia   Land                   Freehold                  100%




Northern Virginia   Business Park          Freehold                  100%



Northern Virginia   Business Park          Freehold                  100%



Northern Virginia   Business Park          Freehold                  100%




Northern Virginia   Office Park            Freehold                  100%




Seattle             Industrial Estate      Freehold                  100%



Seattle             Distribution Centre    Freehold                  100%



Seattle             Business Park          Freehold                  100%
Toronto             Industrial/Warehouse   Freehold                  100%


Paris               Distribution Centre    Full Freehold             100%



Paris               Distribution Centre    Full Freehold             100%




Paris               Distribution Centre    Full Freehold             100%




Paris               Distribution Centre    Part financial lease      100%
Paris             Distribution Centre   Co - ownership   100%




Lyon              Distribution Centre   Full Freehold    100%




Ellhofen          Distribution Centre   Freehold         100%




Ellhofen          Distribution Centre   Freehold         100%




Ellhofen          Distribution Centre   Freehold         100%




Knetzgau          Distribution Centre   Freehold         100%




Berlin            Distribution Centre   Freehold         100%




Löbau             Distribution Centre   Freehold         100%




Friedewald        Distribution Centre   Freehold         100%



Worms             Distribution Centre   Freehold         100%




Langenweddingen   Distribution Centre   Freehold         100%



Duisburg          Distribution Centre   Freehold         100%




Düsseldorf        Distribution Centre   Freehold         100%



Langenfeld        Distribution Centre   Freehold         100%
Langenfeld         Distribution Centre            Freehold   100%




Unna               Distribution Centre            Freehold   100%



                   Regional - shopping centre /
North West Perth   Bulky Goods                                50%
            Co-Owner                  Zoning                                          Year Built     Site Area
                                                                                                       hectares


                                      CZ1 Core Zone - City Centre Precinct               1997               0.2




                                      Commercial A - Precinct b1                         1986               0.2




    GPT Wholesale Office Fund         3(c2) - Business Commercial                        1987               0.8


                                      Lot 2- Business Special 3g (Employment) Lot
                                      3- Business Special 3f (Research and
                                      Development)                                  2000 2001 2003          3.6



                                      Business Special 3f (Research and
                                      Development)                                       1974               2.5


                                      3f Business Special (Research &
                                      Development) & 3g Business Special
 DEXUS Wholesale Property Fund        (Employment)                                                          5.9




                                      Commercial (3a)                                    1987               0.4




                                      City Core                                          1984               1.0



 DEXUS Wholesale Property Fund        City Centre                                                           0.3


                                      City Centre



                                      City Centre                                        1990               0.4



        Perron Investments            City Centre                                        1993               0.4




General Property Trust & Australian
       Prime Property Fund            City Centre                                     1993 1994             0.6
General Property Trust   City Centre                                1964 1968   0.6


                         City Centre                                1923 1925   0.1




                         City Centre                                  2004      0.4




         AMP             City Centre                                1976 1991   0.6



                         City Centre                                  2002      0.4



                         City Centre                                  1984      0.2



                         City Centre                                  1978      0.3




                         Multi Purpose Centre - MPI - City Centre




                         Capital City Zone (CCZ1)                     1920      0.4



                         Business 2 Zone 1 (B2Z)                      1991      0.3




                         Capital City Zone (CCZ1)                   1992 1993   2.1



                         Central City Area - St Georges               2003      0.6
                         Central Area District - Strategic
                         Management Area 1                            2005      0.5



                         City Centre                                  1977



                         Capital City Zone 1                          1998



                         Capital City Zone 1                          1998
Capital City Zone                      1965



General Industrial 4(a)                1999       1.9




Industrial Enterprise Zone 4(c)        1989       3.5




Employment area 10(a)                  1995       5.2



Locality C9 Austlink Business Park     1992       2.6




Locality C9 Austlink Business Park     1993       2.6




General Industrial 4(a)                1995       1.6




General Industrial 4(a)                1980       4.5




G10 Brookvale Industrial West        1976 1987    4.2



Employment Lands                       2004       2.6




Industrial 4                         1985 2001    3.2



Industrial 4 (b1) and 4 (b2) Light     1991       2.0




Employment Zone (SEPP59)               2004       5.8




Employment                                       47.6
4(d) Huntingwood Industrial Zone        1996       1.4




4(a) General Industrial               1991 2006   13.7




Industrial 4(a)                         1985       1.4




Mixed Use Zone 10(e)                    1986       3.0
Mixed Use Zone 10(e)                    1984       1.9



Technology and Enterprise               1980       5.3



General Industrial 4(a)               1969 1990    8.8




General Industrial 4(a)                 1988       2.7



General Industrial 4(a)                 1980       2.0




General Industrial 4(a)               1974 1992    2.5



General Industrial 4(a)                 1985       1.5




General Industry                        1988       3.5



Special Purpose Centre SP12 - Mixed
Industry & Business                     1987       1.7




General Industry 2                    1970 1980    9.7
      Special Use Zone 4       1996         10.2




      Industrial 1             1986          3.6



      Business 3            2001 2006       19.0




      Industrial 1             1980          9.0



      Industrial Zone 1        1985          1.0



      Industrial 1         1990 to 1996      7.4




      Industrial 2         1985 and 1990    24.6




      Industrial 2         2005 to 2006    121.9




AXA   Industrial 2             2007         16.6




      Business 3 Zone      1980 to 2006     19.6




      General Industrial       1989          0.8


      I2                       1987          3.2


      A-2                      1988          3.4


      I -1                     1986          4.0


      A-1                      1983          1.7


      A-2                   1989 1990        5.0


      A-2                      1988          9.5
                    A-2                                 1986       3.1


                    I-1                                 1988       1.5



                    I-2                                 1990       1.9


                    I-2                                 1984       2.4



                    I-1 City of Tolleson                1997       5.9


                    M2 - 1 Light Industrial             1989       2.0



                    Industrial                        1967 1969    6.3




                    RLI - Research Light Industrial     1999       6.0


                    M2 - 1 Light Industrial             1987       1.9



                    Industrial                        1967 1973    2.1



                    LA MZ-1                           1966 1994    8.4


                    M2 - 1 Light Industrial             1992       4.3



                    M2 - 1 Light Industrial           1989 1999   15.2




                    Light Industrial (FTZ)              2007      32.4


                    M2 - 1 Light Industrial             1989       1.7




                    M2 - 1 Light Industrial           1988 2001    9.4



                    M2-1 Light Industrial             1988 1997    4.7



Parker Properties                                                  1.7



                    M1 - 1                              1980       3.4
RLI - Research Light Industrial            1972 1999    1.4



I-3 by Orange County Planning and Zoning     1979       2.1



I-3 by Orange County Planning and Zoning   1984 1992   24.3




S-2 Low Hazard Storage                       2007      11.3




M-1, Medley Industrial                       2007       7.2



CPD Commercial Planned Development         2000 2001    5.2




I2, Heavy Industrial                         1986       4.2



LI                                           1987       5.8


OS                                           1995       4.0



HI                                           1997      10.1




M (Light Industrial)                       1987 1989    2.6
I-2, Light Industrial in the Village of
Bensenville                                  2007       5.1


I-1                                          1997       2.3


I-1                                        1990 1996    4.9



I-2                                        1991 1997    9.1



I-2                                        1991 1998   11.2


I-1                                        1988 1989    2.4


I-1                                          1990       4.2
M-2-1 Industrial                               1987 1990   4.4


NT                                               1999      1.9



M-2 Maufacturing Heavy                         1986 1987   4.3


M-1                                            1987 1990   8.0



M-2 Maufacturing Heavy                           1985      3.7


M-2 Manufacturing Heavy                          1985      3.6



W1 - Industrial Park District                    1990      3.2


W1 - Industrial Park District                    1999      4.2


ML-IM                                            1988      2.8


M1                                               1987      4.7



FD-2, Freeway Development and FD-2 (FH),
Freeway Development Flood Hazard                 1983      2.5




I-1, Limited Industrial District                 1997      2.4



I-1, Limited Industrial District and located
in MSP Noise Exposure Zone 3                     1986      8.3



PID - Planned Industrial District                1979      1.3



I-2 Industrial, City of Plymouth                 1994      4.8



I - Industrial, City of Maple Grove              1986      1.2



I 1 - Limited Industrial                         1979      5.1



PUD, City of Mounds View                       1989 1992   9.2



I-2                                              1984      4.4
I-2                                          1981 1988    4.6



I-2                                          1984 1994   12.6


M-1 Industrial District                      1978 1979    9.3



M-2 General Industrial                         1990       9.5



M-1 Industrial District                      1964 1975   16.4



M-2 Manufacturing District                     1980      22.6


M Manufacturing District                       1988       5.0


Industrial, City of Columbus                   1995       7.1


LM Manufacturing District, Limited Overlay     1989       4.0


L-1 Light Industrial                           1989       1.7




Industrial Zone                              1986 1992   11.1



Industrial Zone                              1984 1986   11.5



Industrial Zone                                1999       4.3


I L - Light Industrial                         1987       6.5



IM - Industrial Manufacturing                1979 2000    3.0



Office/Warehouse                               1984       1.2



LI 1 - Light Industrial                        1991       1.4



Office/Warehouse                               1990       2.7



LI -1 Light Industrial                         1984       1.8
                                     LI -1 Light Industrial                    1997           1.1


                                     IR - Industrial Research District         1980           5.1



                                     LI -1 Light Industrial                    2001           1.3



                                     IR - Industrial Research                  1999           3.6


                                                                                             10.3


                                                                                              5.6


                                     LI -1 Light Industrial                 1986 1999         4.6


                                     LI 1 - Light Industrial                   1984           2.2


                                     LI -1 Light Industrial                 1986 1999         2.3



                                     RT - Research Technology                  1998           7.9



                                     RT - Research Technology               1998 1999         8.6



                                     IM (1) SPL                                1985           1.8


                                     Industrial or Light Manufacturing         2007           6.9
                                                                         302 2007 402 1965
                                     Industrial or Light Manufacturing         2006          12.0


Santa Barbara Development Services                                                            4.2
                                     Industrial or Light Manufacturing         2007           3.4
                                     Industrial or Light Manufacturing         2006           5.6


Santa Barbara Development Services                                                            1.2


Santa Barbara Development Services                                                            1.2


Santa Barbara Development Services                                                            0.9


Santa Barbara Development Services                                                            2.3


Santa Barbara Development Services                                                            2.4


Santa Barbara Development Services                                                            1.2


Santa Barbara Development Services                                                            1.7
LI 1 - Light Industrial          1982       4.6



I - Industrial                 1946 1989    4.5



I - Industrial                 1940 1961    0.9




PD - IP, Loudon County           2000       5.7


                                            4.3




PD - IP, Loudon County         1987 1990    5.5



                                 2001       3.4



PD - IP, Loudon County         1998 1999    5.0




                                            5.7




M-1 Industrial Park District   1989 2000    7.9



M-1 Industrial Park District     2000       4.9



M-1 Industrial Park District     2000       1.1
M-1 Industrial/Employment        2007      18.2


                                 1967



                                 1981




                               1973 1992




                               1999 2003
                                       1977




                                       1975




Gewerbegebiet B1 - (Commercial)   1977 1980 1991




Gewerbegebiet B1 - (Commercial)        1992




                                  1954 1966 1970
Various                                1988




Industriegebiet - (industrial)      1991 2004




Industriegebiet - (industrial)         2006




Gewerbegebiet B1 - (Commercial)     1967 1990




Gewerbegebiet B1 - (Commercial)        1991



Gewerbegebiet B1 - (Commercial)     1984 1993




Industriegebiet - (industrial)      1993 1995



Gewerbegebiet B1 - (Commercial)        2006




Gewerbegebiet - (Commercial)           2007



Industriegebiet - (industrial)      1962, 1988
            Industriegebiet - (industrial)      1983 1990




            Gewerbegebiet B1 - (Commercial)       1990




Westfield                                     1978 1995 1997   23.5
                                 Lettable Area
                                adjusted for                                                               Number of
Site Area    Lettable Area      Ownership               Lettable Area   Typical Floor Area   Site Coverage Buildings
     acres            '000 m2              '000 m2           '000 ft2                 m2                %


                         11.4                    11.4                               1,625                              1




                         11.1                    11.1                                 870                              1




                         44.7                    22.4                               1,050                              1




                         36.2                    36.2                                                                  3




                         12.9                    12.9                                                                  1




                         14.8                    14.8                               1,150                              1




                         19.9                    19.9                               1,440                              1




                         32.2                    32.2                               1,250                              1




                         38.8                    19.4                               1,085                              1




                         86.9                    43.4                          1,500 1,150                             3
52.7   26.3    1,050 785    2


 9.4    9.4          940    1




19.8   19.8        2,000    1




47.1   23.6   1,065 1,550   2




18.1   18.1        1,577    1




20.6   20.6        1,000    1




30.2   30.2        1,000    1




 8.7    8.7      710 510    2




23.5   23.5        1,650    1




76.0   76.0        1,250    3




47.2   47.2        2,000    1


19.8   19.8        1,315    1




 3.6    3.6



 2.1    2.1



 4.2    4.2
 3.5    3.5



 9.6    9.6   52%    1




25.8   25.8   74%    2




13.4   13.4   26%    1




12.6   12.6   49%    1




13.6   13.6   52%    1




 8.1    8.1   50%    1




14.7   14.7   33%    4




30.6   30.6   73%    2




16.9   16.9   65%    1




19.2   19.2   60%    2




19.9   19.9   100%   2




30.8   30.8   53%    4




               0%
 6.8    6.8   48%    1




68.9   68.9   50%   10




 8.2    8.2   57%    3




27.9   27.9   93%    7
16.9   16.9   88%    1




34.7   34.7   66%    6




29.3   29.3   33%    9




18.5   18.5   69%   13




 5.2    5.2   26%    1




19.3   19.3   77%    1




 7.3    7.3   50%    2




17.8   17.8   51%    5




11.3   11.3   67%    3




72.1   72.1   74%    2
         41.4    41.4           41%    1




         18.2    18.2           50%    1




         89.3    89.3           47%    5




         34.4    34.4           38%   14




          6.4     6.4           66%    3




         48.5    48.5           66%    2




        117.3   117.3           48%    4




         73.4    73.4           6%     3




         43.0    21.5           26%    1




         84.4    84.4           43%   29




          4.7     4.7           60%    2


 7.80    13.4    13.4   144.6   43%   1


 8.50    10.2    10.2   109.7   30%   5


 9.83    15.2    15.2   163.2   38%   1


 4.16     8.3     8.3    89.4   49%   1


12.36    23.5    23.5   253.4   47%   2


23.53    35.8    35.8   385.2   34%   2
 7.68     9.3     9.3    100.0    30%       1


 3.80     5.1     5.1     54.9    33%       1



 4.67     7.6     7.6     81.8    40%       1


 5.84    11.4    11.4    122.4    48%       4



14.63    25.8    25.8    278.1    44%       1


 4.89     9.2     9.2     98.8    46%       1



15.58    28.3    28.3    304.4    45%       2




14.85    16.7    16.7    179.7    28%       1


 4.80     9.7     9.7    104.6    50%       1



 5.18    10.5    10.5    112.9    50%       1



20.74    41.9    41.9    451.4    50%       8


10.66    23.3    23.3    250.6    54%       1



37.53    53.1    53.1    571.8    35%       5




80.00   156.7   156.7   1,686.6   48%       1


 4.28     8.2     8.2     88.1    47%       1




23.27    39.9    39.9    429.5    42%       4



11.57    11.2    11.2    120.8    24%       2



 4.29                             0%    -



 8.44    16.9    16.9    181.6    49%       1
 3.40     4.9     4.9     53.2    36%   1



 5.24    10.8    10.8    115.7    51%   1



60.14   118.4   118.4   1,274.8   49%   7




28.00    46.8    46.8    503.5    41%   1




17.72    24.9    24.9    268.0    35%   1



12.84    13.7    13.7    147.3    26%   3




10.29    15.0    15.0    162.0    36%   1



14.23    19.4    19.4    208.3    34%   3


10.00    11.3    11.3    121.4    28%   2



25.00    13.9    13.9    150.0    14%   1




 6.54    12.5    12.5    134.2    47%   3


12.52    23.7    23.7    255.4    47%   3


 5.70     6.3     6.3     67.7    27%   1


12.00    10.4    10.4    111.9    21%   3



22.42    18.3    18.3    196.9    20%   3



27.70    32.3    32.3    347.4    29%   2


 5.95     5.8     5.8     61.9    24%   2


10.40    27.9    27.9    300.0    66%   1
10.79   16.0   16.0   172.4   37%   3


 4.75    5.1    5.1    55.0   27%   1



10.61   12.4   12.4   133.1   29%   2


19.73   42.2   42.2   453.9   53%   2



 9.13   14.1   14.1   151.9   38%   2


 8.94   11.7   11.7   125.6   32%   1



 7.80    8.2    8.2    88.1   26%   2


10.47   12.1   12.1   130.7   29%   2


 7.00   10.1   10.1   108.8   36%   2


11.58   14.2   14.2   153.4   30%   1




 6.09    6.9    6.9    74.1   28%   1




 5.95    8.5    8.5    91.7   35%   1




20.42   22.3   22.3   240.1   27%   4



 3.23    4.3    4.3    45.8   33%   1



11.80   11.3   11.3   122.0   24%   1



 3.00    3.6    3.6    39.1   30%   1



12.55   17.1   17.1   184.4   34%   1



22.70   29.8   29.8   321.1   32%   4



10.84   11.3   11.3   122.0   26%   1
11.31   17.9   17.9   192.6   39%   2



31.12   52.8   52.8   568.5   42%   4


23.02   38.9   38.9   419.0   42%   2



23.43   36.9   36.9   396.8   39%   2



40.60   71.5   71.5   770.1   44%   7



55.94   85.4   85.4   919.7   38%   5


12.42   14.2   14.2   152.8   28%   1


17.50   33.6   33.6   361.8   47%   2


 9.80   16.4   16.4   176.0   41%   1


 4.30    3.2    3.2    34.6   18%   1




27.51   35.1   35.1   377.8   32%   2



28.45   45.9   45.9   494.4   40%   2



10.58   17.3   17.3   186.0   40%   1


15.96   31.2   31.2   336.1   48%   1



 7.34   12.1   12.1   130.6   41%   2



 3.02    5.3    5.3    56.5   43%   1



 3.44    7.0    7.0    75.0   50%   1



 6.61   13.1   13.1   140.8   49%   1



 4.41    7.7    7.7    82.8   43%   1
 2.64    5.0    5.0    53.4   46%   1


12.55   23.0   23.0   247.9   45%   3



 3.16    4.4    4.4    46.8   34%   1



 8.80   16.4   16.4   176.6   46%   1


25.56


13.76


11.30   19.2   19.2   206.9   42%   2


 5.34    6.8    6.8    73.1   31%   1


 5.73    9.3    9.3   100.5   40%   2



19.53   26.7   26.7   286.9   34%   2



21.20   28.5   28.5   306.6   33%   4



 4.47    5.2    5.2    56.5   29%   1


17.12   26.8   26.8   288.0   39%   2


29.63   38.6   38.6   416.0   32%   2


10.27    -      -
 8.50   12.4   12.4   133.5   36%   1
13.72   19.5   19.5   209.5   35%   2


 3.02    -      -


 3.00    -      -


 2.30    -      -


 5.57    -      -


 5.83    -      -


 2.94    -      -


 4.10    -      -
11.43   21.4   21.4   230.4            46%       1



11.16   40.9   40.9   440.5            91%       7



 2.23    4.5    4.5    48.6            50%       3




14.10   15.3   15.3   164.5            27%       2


10.73    -      -                            -




13.67   16.5   16.5   177.3            30%       3



 8.51    9.6    9.6   103.5            28%       1



12.26   15.5   15.5   167.2            31%       2




14.00                                  0%




19.64   37.4   37.4   402.8            47%       5



12.23    8.6    8.6    92.4            17%       1



 2.60    3.3    3.3    35.9            32%       1
45.00   70.1   70.1   754.7            39%       1


11.26   20.0   20.0           19,970   44%       1



 6.18   11.3   11.3           11,265   45%       1




13.60   27.4   27.4            5,195   50%       1




 3.61    8.7    8.7            4,374   60%       1
 8.10   15.9   15.9   15,865   48%   1




15.15   27.4   27.4   27,350   45%   1




13.01   27.7   27.7            53%   1




 8.75   19.2   19.2            54%   1




 8.86   20.5   20.5            57%   3




18.24   21.4   21.4            29%   1




10.60   10.1   10.1            24%   1




 9.23    9.0    9.0            24%   1




17.09   15.5   15.5            22%   1



 7.70   11.8   11.8            38%   1




24.22   26.3   26.3            27%   1



12.20   27.1   27.1            55%   1




 7.09   13.8   13.8            48%   1



 9.01   25.4   25.4            70%   2
 6.97   11.1   11.1   39%   1




17.57   27.4   27.4   39%   1




        79.9   40.0
Number of    Average Unit      Average Unit                      Car parking          Car Parking Space
Units       Size              Size                Office Content spaces               Ratio             Acquisition Date
                    '000 m2            '000 ft2               %


                                                                                 68                                   Aug-2000




                                                                                 63                                  May-2002




                                                                                799                                   Dec-1998




                                                                               1030                                   Jun-2002




                                                                                328                                   Oct-2002




                                                                                                                      Nov-2006




                                                                                180                                   Dec-1998




                                                                                352                                  May-1997




                                                                                162                                   Dec-1998



                                                                                175                                   Aug-2000




                                                                                654                                   Dec-1998
 400   Aug-2000


   0   Dec-2004




 113   May-2002




 497   Dec-1998



  55   Sep-1987



 103   Dec-1998



 138   Sep-1987




       Oct-1984




   0   Mar-1999



  91   Nov-1993




1041   Aug-2000



 247   Jan-2001


 194   Aug-2004



 785   Sep-1987



 530   Jun-1998



1077   Mar-1999
                   960   Nov-1984



 1    9.6    6%     54   Jul-1998




13    2.0   43%    466   Sep-1997




 1   13.4   100%   163   Dec-2002



 2    6.3   49%    300   Dec-1998




 7    1.9   74%    419   Dec-1998




 1    8.1   42%    101   Jun-1997




 1   14.7    4%    185   May-1997




 6    5.1   46%    587   Sep-1997



 1   16.9    2%    144   Mar-2004




 9    2.1   51%    401   Sep-1997



10    2.0   66%    414   Sep-1997




 5    6.2   12%    278   Apr-2003




             0%      0   Dec-2007
 1    6.8   19%   105   Jul-1998




11    6.3   8%    484   May-1990




 7    1.2   27%   130   Jun-1997




42    0.7   52%   407   Apr-1998
 2    8.4   41%    71   Oct-2001



20    1.7   32%   476   Sep-1997



 9    3.3   30%   290   May-1997




13    1.4   10%   196   Dec-1998



 1    5.2   7%    125   May-1997




13    1.5   26%   330   Jul-2000



 2    3.6   15%    23   Jul-1997




 3    5.9   9%    100   Jun-1997




31    0.4   65%   203   Dec-1998




 2   36.1   0%      0   Dec-2002
  1   41.4            5%     210          Oct-1995




  1   18.2            2%      12          Jul-1997



  5   17.9            7%     191          Jan-2004




 14    2.5            26%    798          Dec-1994



  6    1.1            63%    100          Oct-1998



  2   24.3            3%     275          Aug-1996




  1   117.3           1%     122          Dec-2002




  3   24.5            3%       0          Jul-2002




  1   43.0            6%                  Jul-2002




119    0.7            48%   1240          Oct-1996




  1    4.7            67%    128          Jul-1998


 2             72.3   5%           0.93   Sep-2004


21              5.2   72%          3.22   Sep-2004


 1            163.2   2%           0.38   Sep-2004


 5             17.9   7%           2.20   Sep-2004


 5             50.7   4%           0.64   Sep-2004


 8             48.1   4%           0.92   Sep-2004
    1    100.0    9%    0.50   Sep-2004


    1     54.9    22%   3.22   Sep-2004




    4     20.5    9%    1.77   Sep-2004


14          8.7   16%   1.69   Sep-2004




    1    278.1    0%    0.62   Sep-2004


    1     98.8    10%   1.20   Sep-2004




    2    152.2    9%    0.85   Sep-2004




    2     89.9    50%   2.37   Sep-2004


    2     52.3    5%    1.61   Sep-2004




    1    112.9    12%   1.04   Sep-2004




28        16.1    13%   1.33   Sep-2004


    1    250.6    2%    0.60   Sep-2004




12        47.6    5%    1.35   Sep-2004




    1   1,686.6   1%    0.18   Jan-2008


    4     22.0    2%    1.34   Sep-2004




14        30.7    5%    1.78   Sep-2004




    5     24.2    19%   2.56   Sep-2004




-                 0%           Dec-2006




    2     90.8    2%    1.77   Sep-2004
 1    53.2   33%    2.63   Sep-2004




 5    23.1    8%    0.84   Sep-2004




25    51.0    9%    0.96   Sep-2004




 1   503.5    2%    0.30   Jun-2007




 4    67.0    5%    1.25   Sep-2005




12    12.3   43%    3.00   Sep-2004




 3    54.0   12%    1.73   Sep-2004




14    14.9   15%    2.38   Sep-2004


 8    15.2   24%    1.70   Sep-2004




 1   150.0   100%   0.70   Sep-2004




17     7.9   22%    1.48   Sep-2004


 9    28.4    4%    0.99   Dec-2007


 5    13.5   21%    1.98   Sep-2004


 9    12.4   17%    1.05   Sep-2004




 8    24.6   12%     -     Sep-2004




 3   115.8   17%    1.07   Sep-2004


12     5.2   74%    4.10   Sep-2004


 1   300.0    1%    0.45   Sep-2004
15    11.5   23%    1.32   Jun-2005


 1    55.0   100%   2.93   Sep-2004




15     8.9   14%    0.86   Sep-2004


 4   113.5    1%    0.24   Sep-2004




17     8.9   22%    0.88   Sep-2004


 3    41.9    6%    0.72   Sep-2004




 5    17.6   46%    2.38   Sep-2004


 5    26.1   81%    5.05   Sep-2004


14     7.8   33%    2.17   Sep-2004


 3    51.1    4%    1.03   Sep-2004




13     5.7   48%    2.81   Nov-2005




 3    30.6    7%    1.59   Nov-2005




39     6.2   66%    4.07   Nov-2005




 4    11.5   22%    1.64   Sep-2004




 1   122.0   36%    3.34   Sep-2004




 1    39.1    5%    1.36   Sep-2004




 6    30.7   12%    1.47   Sep-2004




11    29.2   21%    2.23   Sep-2004




 2    61.0   12%    0.66   Sep-2004
10    19.3   10%   0.63   Sep-2004




 6    94.8   6%    0.71   Sep-2004


10    41.9   5%    0.43   Sep-2004




 2   198.4   4%    0.91   Sep-2004




12    64.2   4%    0.44   Sep-2004




12    76.6   31%   1.06   Sep-2004


 2    76.4   7%    2.55   Sep-2004


 4    90.4   10%   0.63   Sep-2004


 5    35.2   11%   0.54   Sep-2004


 1    34.6   13%   2.49   Sep-2004




 2   188.9   3%    0.50   Sep-2004




 2   247.2   2%    0.19   Sep-2004




 3    62.0   3%    0.61   Sep-2004


 1   336.1   1%    1.02   Sep-2004




 2    65.3   52%   2.10   Sep-2004




 1    56.5   6%    1.34   Sep-2004




 1    75.0   4%    1.09   Sep-2004




 2    70.4   14%   1.72   Sep-2004




 2    41.4   35%   1.90   Sep-2004
 1    53.4   30%   2.17   Sep-2004


 8    31.0   14%   1.34   Sep-2004




 2    23.4   0%    4.00   Sep-2004




 4    44.2   5%    1.62   Sep-2004


                          Jun-2006


                          Jun-2006


 7    29.6   12%   2.05   Sep-2004


10     7.3   80%   3.17   Sep-2004


 5    20.1   32%   2.24   Sep-2004




 7    41.0   8%    2.09   Sep-2004




 9    34.1   39%   2.93   Sep-2004




 4    14.1   31%   4.34   Sep-2004


 2   144.0   10%   1.11   Aug-2007


 4   104.0   2%    0.38   Aug-2007


                          Nov-2007
 3    44.5   23%   1.62   Aug-2007
 4    52.4   22%   2.06   Jul-2007


                          Jul-2007


                          Jul-2007


                          Jul-2007


                          Jul-2007


                          Jul-2007


                          Jul-2007


                          Jul-2007
    2          115.2   24%          0.92   Sep-2004




29              15.2   22%          0.56   Sep-2004




10               4.9   25%          0.89   Sep-2004




    2           82.2   80%          3.22   Sep-2004


-                                          Jun-2006




16              11.1   31%          1.83   Sep-2004




    1          103.5   100%         4.23   Sep-2004




    2           83.6   45%          3.12   Sep-2004




                                           Jun-2006




12              33.6   15%          0.82   Sep-2004




    5           18.5   11%          1.05   Sep-2004




    2           17.9   16%          0.95   Sep-2004
    1          754.7    2%          0.11   Dec-2007


    1   20.0           16%    115          Jul-2006




    1   11.3            2%    71           Jul-2006




    1   27.3            3%    90           Jul-2006




    1    8.5            1%    90           Jul-2006
 1   15.9   7%    95   Jul-2006




11    2.5   8%    45   Jul-2006




 1   27.7   7%         Jan-2007




 1   19.2   16%        Jan-2007




 4    5.1   26%        Jan-2007




 2   10.7   10%        Jan-2007




 1   10.1   19%        Jan-2007




 6    1.5   5%         Jan-2007




 6    2.6   8%    40   Jan-2007




 1   11.8   21%        Jan-2007




 5    5.3   6%         Jan-2007




 1   27.1   7%    87   Jan-2007




 4    3.4   17%   65   Jun-2007




 4    6.4   25%        Jan-2007
3    3.7   14%          Jan-2007




1   27.4   6%           Jan-2007




                 4165   Oct-1984
 Acquisition                              Acquisition         Acquisition
Price plus             Acquisition Price Price plus          Price plus         Acquisition Price Book Value 30 Book Value 30
Additions             plus Additions     Additions           Additions         plus Additions     Jun 08        Jun 08
               A$m                US$m                  €m              NZ$m             CAD$m            A$m           US$m


               44.0                                                                                      60.0




               37.7                                                                                      46.5




          108.4                                                                                          130.0




          135.2                                                                                          160.0




               33.5                                                                                      33.9




                                                                                                         31.4




               95.1                                                                                      110.1




          102.7                                                                                          92.0



                                                                                                         117.0


                2.2                                                                                        2.2



          221.4                                                                                          290.2



          119.2                                                                                          164.1




          490.6                                                                                          745.0
210.7           303.0


                56.4




118.0           179.0




170.3           210.5



106.6           153.0



144.1           194.0



180.2           225.0




                62.6




 15.6           21.3



 69.8           99.0




363.6           370.0



240.1           446.5


 89.7   113.1   122.9



 30.3           65.0



 21.3           32.6



 47.3           39.3
16.2   41.0



11.4   13.5




38.6   47.3




34.6   54.8



23.4   28.8




35.2   33.0




11.2   11.1




12.4   19.0




36.1   51.5



23.6   24.8




24.8   35.0



29.5   55.0




39.3   48.0




73.5   73.5
 8.2    9.7




81.0   104.0




11.3   15.0




45.7   62.2
28.4   40.5



37.1   48.0



37.6   48.2




12.3   18.4



 5.1    6.8




26.2   37.0



 7.0    8.1




13.4   22.7




19.7   35.8




20.3   25.8
 25.5           34.2




 16.3           16.2



 72.2           91.5




 25.2           30.3



  7.7            9.1



 30.3           35.3




 33.8           44.8




128.0           131.5




 52.1           55.2




158.6           192.7




  9.7           17.5


   6.6    6.4     8.4    8.1


  10.1    9.7    11.9   11.5


   6.3    6.0     9.2    8.9


   7.3    7.1    10.5   10.1


  10.5   10.1    15.1   14.5


  14.5   14.0    22.2   21.3
  4.8     4.6     5.9     5.7


  5.2     5.0     6.2     6.0



  4.5     4.3     6.6     6.4


  8.2     7.9    10.4    10.0



  8.8     8.5    15.4    14.8


  5.1     4.9     9.3     9.0



 18.2    17.5    24.4    23.5




 17.1    16.4    24.0    23.1


  6.4     6.1     9.7     9.3



  7.5     7.2    12.5    12.1



 53.2    51.2    73.8    71.0


 10.8    10.4    20.8    20.0



 30.0    28.9    50.4    48.5




134.0   129.0   131.9   127.0


  4.3     4.2     7.7     7.4




 22.4    21.6    37.9    36.5



  9.6     9.2    10.4    10.0



 37.2    35.8    37.2    35.8



 15.2    14.6    26.0    25.0
 5.2    5.0    6.7    6.5



 5.7    5.5    7.4    7.1



62.5   60.2   76.3   73.4




23.6   22.7   30.6   29.5




22.8   22.0   29.9   28.8



22.0   21.2   21.3   20.5




 5.5    5.3    4.6    4.4



10.4   10.0   10.3    9.9


 6.8    6.6    8.9    8.6



15.3   14.7   13.4   12.9




 7.6    7.3    6.2    6.0


31.5   30.3   30.6   29.5


 4.6    4.4    3.5    3.4


 5.5    5.3    5.3    5.1



 6.5    6.3    7.0    6.7



11.7   11.2   15.8   15.2


 6.3    6.0    6.2    6.0


10.8   10.4   12.3   11.8
11.0   10.6   12.3   11.8


 8.5    8.2    9.6    9.2



11.3   10.9   12.5   12.0


20.6   19.8   24.1   23.2



12.5   12.0   13.6   13.1


 7.3    7.0    9.0    8.7



 8.3    8.0    9.0    8.7


21.7   20.9   30.6   29.5


 7.8    7.5    9.0    8.7


11.1   10.7   10.6   10.2




 5.2    5.0    5.4    5.2




 5.8    5.6    4.5    4.3




19.5   18.8   16.1   15.5



 3.6    3.4    3.3    3.2



 8.1    7.8    8.2    7.9



 1.8    1.7    2.2    2.1



 9.2    8.9    9.4    9.0



21.9   21.1   22.0   21.2



 4.3    4.1    4.6    4.4
 7.7    7.4    9.2    8.9



21.3   20.5   25.7   24.7


12.7   12.2   14.6   14.1



13.2   12.7   13.2   12.8



19.5   18.8   21.8   21.0



39.1   37.6   41.6   40.0


 4.7    4.5    5.2    5.0


14.2   13.7   12.2   11.7


 4.9    4.7    5.7    5.5


 2.4    2.3    2.6    2.5




18.9   18.2   19.9   19.2



23.2   22.4   21.6   20.8



 9.4    9.0   10.1    9.7


 9.8    9.4    6.4    6.2



 9.1    8.8    9.3    9.0



 3.2    3.1    2.8    2.7



 3.2    3.1    3.5    3.4



 6.7    6.5    6.6    6.4



 4.8    4.6    4.3    4.1
 3.8    3.6    3.0    2.9


 9.1    8.8   10.1    9.7



 3.6    3.4    4.2    4.0



 7.5    7.2    8.2    7.9


 3.4    3.2    3.7    3.6


 2.1    2.0    2.4    2.3


10.1    9.8   11.1   10.7


 7.1    6.8    6.2    6.0


 6.4    6.2    6.5    6.3



13.6   13.1   18.4   17.7



22.1   21.2   25.5   24.5



 3.7    3.6    3.7    3.6


14.4   13.9   13.9   13.4


17.4   16.8   19.8   19.1


 3.7    3.6    3.7    3.6
11.2   10.8   11.1   10.7
16.8   16.2   16.1   15.5


 1.4    1.3    1.4    1.3


 1.6    1.5    1.6    1.5


 1.6    1.5    1.6    1.5


 3.3    3.2    3.3    3.2


 2.0    2.0    2.0    2.0


 1.0    1.0    1.0    1.0


 1.6    1.5    1.6    1.5
10.1    9.7                 12.5   12.0



47.3   45.6                 54.2   52.1



 5.5    5.3                  5.1    4.9




33.7   32.4                 45.7   44.0


 4.4    4.2                  4.4    4.3




18.2   17.5                 22.2   21.4



25.5   24.5                 30.6   29.5



20.8   20.0                 48.2   46.4




33.5   32.3                 34.6   33.3




29.4   28.3                 36.4   35.0



 7.2    7.0                  9.0    8.7



 2.7    2.6                  3.7    3.6
72.5                 70.4   70.3


23.9          14.6          16.9



12.6           7.7          10.4




31.7          19.3          21.9




10.9           6.6           7.9
18.2   11.1   13.5




22.7   13.8   18.4




26.2   16.0   23.4




21.7   13.2   19.5




13.6    8.3   12.2




17.2   10.5   17.5




18.4   11.2   17.1




 2.1    1.3    1.4




 8.8    5.4    6.6



 6.8    4.2    6.6




12.5    7.6   10.7



34.0   20.7   33.2




28.1   17.1   25.5



17.2   10.5   15.1
   9.9    6.0        8.8




  28.7   17.5       27.3




136.0             280.0
                8,736.6
 Book Value 30    Book Value 30    Book Value 30 Independent            Independent         Independent
Jun 08           Jun 08           Jun 08         Valuation Date         Valuation           Valuation
            €m             NZ$m          CAD$m                                        A$m                 US$m


                                                             Jun-2008             60.0




                                                             Dec-2007             49.5




                                                             Jun-2007            130.0




                                                             Jun-2008            160.0




                                                             Dec-2006             31.2




                                                             Dec-2005             90.0




                                                             Jun-2006             80.0




                                                             Jun-2007            265.0



                                                             Jun-2007            158.8




                                                             Dec-2006            638.8
        Dec-2007   312.5


        Dec-2004    44.0




        Jun-2006   150.0




        Dec-2006   183.5



        Jun-2008   153.0



        Dec-2007   200.0



        Jun-2008   225.0




        Jun-2006    38.5




        Jun-2006    18.0



        Dec-2007   106.5




        Jun-2007   380.0



        Jun-2008   446.5


155.0   Jun-2008   122.9



        Jun-2008    65.0



        Jun-2006    32.5



        Jun-2006    39.0
Jun-2006   37.5



Jun-2008   13.5




Jun-2007   45.3




Jun-2008   54.8



Jun-2007   31.0




Jun-2007   35.0




Sep-2006   10.3




Jun-2006   17.9




Jun-2006   45.5



Dec-2006   26.0




Dec-2007   37.9



Jun-2007   53.0




Jun-2008   48.0




Nov-2007   83.8
Jun-2008    9.7




Jun-2008   104.0




Dec-2006    16.0




Jun-2008    62.2
Jun-2008    40.5



Dec-2006    47.0



Dec-2007    50.0




Jun-2008    18.4



Jun-2006    6.5




Jun-2007    38.0



Jun-2006    8.8




Jun-2008    22.7




Dec-2007    35.6




Dec-2006    25.5
Dec-2007        37.5




Jun-2006        12.8



Dec-2007        81.6




Jun-2008        30.3



Dec-2007        10.0



Jun-2006        37.1




Jun-2008        44.8




Dec-2007       132.5




Jun-2008       192.7




Jun-2008        17.5


Jun-2008 $       8.4    8.1


Jun-2008   $    11.9   11.5


Jun-2008 $       9.2    8.9


Jun-2008   $    10.5   10.1


Jun-2008   $    15.1   14.5


Jun-2008   $    21.4   20.6
Jun-2008 $       5.9     5.7


Jun-2008 $       6.2     6.0



Jun-2008 $       6.6     6.4


Jun-2008   $    10.4    10.0



Jun-2008   $    15.4    14.8


Jun-2008 $       9.3     9.0



Jun-2008   $    24.4    23.5




Jun-2008   $    24.0    23.1


Jun-2008 $       9.7     9.3



Jun-2008   $    11.6    11.2



Jun-2008   $    73.8    71.0


Jun-2008   $    20.8    20.0



Jun-2008   $    50.4    48.5




Jun-2008   $   131.9   127.0


Jun-2008 $       7.7     7.4




Jun-2008   $    37.9    36.5



Jun-2008   $    10.4    10.0




Jun-2008   $    26.0    25.0
Jun-2008 $      6.7    6.5



Jun-2008 $      7.4    7.1



Jun-2008   $   76.3   73.4




Jun-2008   $   30.6   29.5




Jun-2008   $   29.9   28.8



Jun-2008   $   21.3   20.5




Jun-2008 $      4.6    4.4



Jun-2008   $   10.3    9.9


Jun-2008 $      8.9    8.6



Jun-2008   $   13.4   12.9




Jun-2008 $      6.2    6.0


Jun-2008   $   30.6   29.5


Jun-2008 $      3.5    3.4


Jun-2008 $      5.2    5.0



Jun-2008 $      7.0    6.7



Jun-2008   $   15.8   15.2


Jun-2008 $      6.2    6.0


Jun-2008   $   12.3   11.8
Jun-2008   $   12.3   11.8


Jun-2008 $      9.6    9.2



Jun-2008   $   12.5   12.0


Jun-2008   $   23.6   22.7



Jun-2008   $   13.6   13.1


Jun-2008 $      9.0    8.7



Jun-2008 $      9.0    8.7


Jun-2008   $   30.6   29.5


Jun-2008 $      9.0    8.7


Jun-2008   $   10.6   10.2




Jun-2008 $      5.4    5.2




Jun-2008 $      4.5    4.3




Jun-2008   $   16.1   15.5



Jun-2008 $      3.3    3.2



Jun-2008 $      8.2    7.9



Jun-2008 $      2.2    2.1



Jun-2008 $      8.7    8.4



Jun-2008   $   22.0   21.2



Jun-2008 $      4.6    4.4
Jun-2008 $      9.2    8.9



Jun-2008   $   25.7   24.7


Jun-2008   $   14.6   14.1



Jun-2008   $   13.2   12.8



Jun-2008   $   21.8   21.0



Jun-2008   $   41.6   40.0


Jun-2008 $      5.2    5.0


Jun-2008   $   12.2   11.7


Jun-2008 $      5.7    5.5


Jun-2008 $      2.6    2.5




Jun-2008   $   19.9   19.2



Jun-2008   $   19.7   19.0



Jun-2008   $   10.1    9.7


Jun-2008 $      6.4    6.2



Jun-2008 $      9.3    9.0



Jun-2008 $      2.8    2.7



Jun-2008 $      3.5    3.4



Jun-2008 $      6.6    6.4



Jun-2008 $      4.3    4.1
Jun-2008 $          3.0    2.9


Jun-2008   $       10.1    9.7



Jun-2008 $          4.2    4.0



Jun-2008 $          8.2    7.9




Jun-2008   $       11.1   10.7


Jun-2008 $          6.2    6.0


Jun-2008 $          6.5    6.3



Jun-2008   $       17.8   17.1



Jun-2008   $       25.5   24.5



Jun-2008 $          3.7    3.6


Jun-2008   $       13.9   13.4


Jun-2008   $       19.8   19.1


               $      -
Jun-2008   $       11.1   10.7
Jun-2008   $       16.1   15.5


               $      -


               $      -


               $      -


               $      -


               $      -


               $      -


               $      -
              Jun-2008   $       12.5   12.0



              Jun-2008   $       53.1   51.1



              Jun-2008 $          5.1    4.9




              Jun-2008   $       45.7   44.0


                             $      -




              Jun-2008   $       22.2   21.4



              Jun-2008   $       30.6   29.5



              Jun-2008   $       48.2   46.4




              Jun-2008   $       36.4   35.0



              Jun-2008 $          9.0    8.7



              Jun-2008 $          3.7    3.6
       68.3   Jun-2008   $       70.3


10.3          Jun-2008   $       16.9




 6.4          Jun-2008   $       10.4




13.3          Jun-2008   $       21.9




 4.8          Jun-2008 $          7.9
 8.3   Jun-2008   $   13.5




11.2   Jun-2008   $   18.4




14.3   Jun-2008   $   23.4




11.9   Jun-2008   $   19.5




 7.4   Jun-2008   $   12.2




10.7   Jun-2008   $   17.5




10.5   Jun-2008   $   17.1




 0.9   Jun-2008 $      1.4




 4.0   Jun-2008 $      6.6




 4.0   Jun-2008 $      6.6




 6.5   Jun-2008   $   10.7




20.2   Jun-2008   $   33.2




15.6   Jun-2008   $   25.5




 9.2   Jun-2008   $   15.1
 5.4   Jun-2008 $       8.8




16.6   Jun-2008   $    27.3




       Jun-2007       277.0
Independent        Independent          Independent
Valuation          Valuation            Valuation                 Valuer
              €m                 NZ$m             CAD$m


                                                          Steven Flannery




                                                             Scott Young
        Andrew Pannifex




             Peter Inglis




            Jason Fenner


155.0   Campbell Stewart
   Matthew Ball




   Matthew Ball




Robert Anderson
   Daniel Norman




  Matthew Russell




Christopher Carver
Christopher Carver




    Craig Renshaw




      Ian Gregory
                 Julian Vautin




                    Peter Fay




                 Jason Fenner


                    Bob Ryan


Brit Chamberlain, Steve Gragg


Brit Chamberlain, Steve Gragg


Brit Chamberlain, Steve Gragg


                    Bob Ryan


                    Bob Ryan
       Brit Chamberlain, Steve Gragg


       Brit Chamberlain, Steve Gragg



       Brit Chamberlain, Steve Gragg


       Brit Chamberlain, Steve Gragg



                           Bob Ryan


Jim Myers, Vicky Oates, Clay Blockley



        Kevin Thene, Wyatt Buttrose




   Gary Alexander, Vincent Cardenas


Jim Myers, Vicky Oates, Clay Blockley



Jim Myers, Vicky Oates, Clay Blockley



   Gary Alexander, Vincent Cardenas


   Gary Alexander, Vincent Cardenas



   Gary Alexander, Vincent Cardenas




   Gary Alexander, Vincent Cardenas


   Gary Alexander, Vincent Cardenas




   Gary Alexander, Vincent Cardenas



        Kevin Thene, Wyatt Buttrose




Jim Myers, Vicky Oates, Clay Blockley
                 Kevin Thene, Wyatt Buttrose



  Oliver Hedge, Steve Saunders, Steve Mauriell



  Oliver Hedge, Steve Saunders, Steve Mauriell




  Oliver Hedge, Steve Saunders, Steve Mauriell




Michael McNamara, Adrian Sanchez, Ryan Maker



Michael McNamara, Adrian Sanchez, Ryan Maker




          Bo Cheek, Kirk McCoy, Clayton Davie



          Bo Cheek, Kirk McCoy, Clayton Davie


          Bo Cheek, Kirk McCoy, Clayton Davie



          Bo Cheek, Kirk McCoy, Clayton Davie




          Bo Cheek, Kirk McCoy, Clayton Davie


                                  Mark Krause


                               Wayne Lanham


                               Wayne Lanham



                               Wayne Lanham



                               Wayne Lanham


                               Wayne Lanham


                               Wayne Lanham
    David Masters, Travis Walsh


    David Masters, Travis Walsh



    David Masters, Travis Walsh


    David Masters, Travis Walsh



    David Masters, Travis Walsh


    David Masters, Travis Walsh



    David Masters, Travis Walsh


    David Masters, Travis Walsh


    David Masters, Travis Walsh


Stefan Sargeant, Randy Harwood




                  Patrick Lynch




                  Patrick Lynch




                  Patrick Lynch



                  Patrick Lynch



                  Patrick Lynch



                  Patrick Lynch



                  Patrick Lynch



                  Patrick Lynch



        jeff Smith, Travis Walsh
      jeff Smith, Travis Walsh



      jeff Smith, Travis Walsh


Rob Vodinelic, Matt Mondanile



Rob Vodinelic, Matt Mondanile



Rob Vodinelic, Matt Mondanile



Rob Vodinelic, Matt Mondanile


Rob Vodinelic, Matt Mondanile


Rob Vodinelic, Matt Mondanile


Rob Vodinelic, Matt Mondanile


Rob Vodinelic, Matt Mondanile




 Gabe Vizza, Jerry McNamara



 Gabe Vizza, Jerry McNamara



 Gabe Vizza, Jerry McNamara


 Chris Lassiter, Clayton Davie



                Jerry Fulwiler



                Jerry Fulwiler



    Ben Langford, Todd Huey



    Ben Langford, Todd Huey



    Ben Langford, Todd Huey
Jerry Fulwiler


Jerry Fulwiler



Jerry Fulwiler



Jerry Fulwiler


Jerry Fulwiler




Jerry Fulwiler


Jerry Fulwiler



Jerry Fulwiler



Jerry Fulwiler



Jerry Fulwiler


Jerry Fulwiler


 Andy Mantis


 Andy Mantis


 Andy Mantis


 Andy Mantis
                      Brock Boatman, Todd Canterbuy



                      Brock Boatman, Todd Canterbuy




                Miles Loo, Todd Canterbury, Jim Myers




                           Fred Irby, Todd Canterbury



                Miles Loo, Todd Canterbury, Jim Myers



                Miles Loo, Todd Canterbury, Jim Myers




              Whitney Haucke, Theddi Wright Chappell



              Whitney Haucke, Theddi Wright Chappell



              Whitney Haucke, Theddi Wright Chappell
       68.3                            Gary Williams


10.3                                   Michael Morris



 6.4                                   Michael Morris




13.3                                   Michael Morris




 4.8                                   Michael Morris
 8.3                     Michael Morris




11.2                     Michael Morris




14.3   Frank Dietlein / Andrew M. Groom




11.9   Frank Dietlein / Andrew M. Groom




 7.4   Frank Dietlein / Andrew M. Groom




10.7   Frank Dietlein / Andrew M. Groom




10.5   Frank Dietlein / Andrew M. Groom




 0.9   Frank Dietlein / Andrew M. Groom




 4.0   Frank Dietlein / Andrew M. Groom



 4.0   Frank Dietlein / Andrew M. Groom




 6.5   Frank Dietlein / Andrew M. Groom



20.2   Frank Dietlein / Andrew M. Groom




15.6   Frank Dietlein / Andrew M. Groom



 9.2   Frank Dietlein / Andrew M. Groom
 5.4   Frank Dietlein / Andrew M. Groom




16.6   Frank Dietlein / Andrew M. Groom
                                         Average Net     Average Net        Average Passing    Average Market
Valuation Agency Market Cap Rate        Passing Rent     Market Rent        Rent               Rent
                                   %            A$/m2              A$/m2              A$/ft2             A$/ft2


           CBRE                 7.25%           333.00            377.00




                                7.50%           312.00            335.00




                                7.00%           308.00            384.57




          Savills               7.00%           275.00            280.23




                                7.50%           272.30            255.85




                                6.75%           411.00            470.00




                                7.25%           268.00            283.24




                                6.00%           473.00            565.82



                                6.25%           465.33            544.05




                                              931(GPT)
                                              632(GMT)         1064(GPT)
                    5.25/5.5%                  300(PST) 783(GMT) 269(PST)
                                  567(Twr)     631(Twr)
                          5.75%   455(Ret)    2445(Ret)


                                    308.00      469.00




                          6.00%     477.48      579.13




                6/6.25%             457.00      524.00



      Savills             6.00%     458.00      517.50



                          6.00%     494.70      566.93



Knight Frank              6.25%     453.74      518.75




                          7.75%     218.00      216.00



                          7.00%     316.86      315.72




                                  351(Twrs)   334(Twrs)
                          7.00%    990(Ret)   1005(Ret)



       CBRE               6.25%     421.76      767.85


       CBRE               7.00%     309.18      387.42



                          6.75%



                          7.75%



                          7.75%
                         8.50%



               Savills   7.25%   114.63   110.00




                         7.25%   144.71   137.43




               Savills   7.50%   267.88   267.88



                         8.00%   216.15   187.63




                         8.00%   231.39   210.34




                         7.75%   116.14   110.00




                         7.75%    88.14    87.50




                         7.75%   135.04   132.96



                         7.25%   116.76   105.00




                         7.50%   150.11   144.76



                         7.50%   214.79   211.29




Colliers International   7.25%   118.67   112.93
Colliers International   7.75%   116.27   110.00




        Knight Frank     7.50%   119.25   115.49




                         7.00%   148.13   140.33




  Jones Lang LaSalle     7.25%   151.09   171.53
  Jones Lang LaSalle     7.00%    97.87   184.93



                         7.50%   116.73   110.79



                         7.50%   134.57   128.99




                CBRE     8.00%    83.29    83.29



                         7.75%   108.49   105.00




                         7.75%   161.36   157.75



                         7.75%    95.79    90.00




        Knight Frank     7.50%   101.12   101.12




                         7.25%   234.26   259.32




                         8.00%    30.53    28.00
                             7.75%    87.12    60.00




                             7.25%    67.88    62.00



                             7.00%    75.53    72.67




                             8.00%    67.68    71.00



                             7.75%   116.87   117.76



                             7.75%    66.14    60.00




    Colliers International   9.00%    35.33    35.33




                             7.00%    66.67    65.00




                             7.00%   187.13   182.36




                    CBRE     7.25%   170.51   164.05




                    CBRE     7.25%   162.06   281.05


Cushman & Wakefield          6.50%                     4.01    4.36


Cushman & Wakefield          6.50%                     10.47   11.84


Cushman & Wakefield          6.50%                     4.18    4.36


Cushman & Wakefield          6.50%                     7.54    7.79


Cushman & Wakefield          6.50%                     4.33    4.28


Cushman & Wakefield          6.50%                     3.96    4.24
Cushman & Wakefield   6.50%   4.24    4.49


Cushman & Wakefield   6.50%      -    9.35




Cushman & Wakefield   6.50%   5.32    6.23


Cushman & Wakefield   6.50%   7.10    8.10




Cushman & Wakefield   6.00%   3.62    4.11


Cushman & Wakefield   5.50%   5.74    5.73




Cushman & Wakefield   6.50%   5.11    6.23




Cushman & Wakefield   7.00%   10.72   11.22


Cushman & Wakefield   5.50%   5.53    5.49




Cushman & Wakefield   5.75%   6.48    6.86




Cushman & Wakefield   5.75%   9.70    9.29


Cushman & Wakefield   5.50%   5.29    5.24




Cushman & Wakefield   5.50%   6.02    6.30




Cushman & Wakefield   6.50%   5.15    4.49


Cushman & Wakefield   5.75%   6.76    6.81




Cushman & Wakefield   5.75%   6.62    6.75




Cushman & Wakefield   7.00%   8.65    6.61



                                 -       -




Cushman & Wakefield   5.25%   7.67    8.10
Cushman & Wakefield   6.50%   9.94    9.97




Cushman & Wakefield   6.50%   4.48    4.67




Cushman & Wakefield   6.50%   4.21    4.42




Cushman & Wakefield   6.50%   3.76    4.16




Cushman & Wakefield   6.75%   8.05    7.79




Cushman & Wakefield   7.00%   7.80    7.46




Cushman & Wakefield   7.50%   2.66    2.41




Cushman & Wakefield   7.25%   5.66    5.47


Cushman & Wakefield   6.75%   8.08    6.46




Cushman & Wakefield   7.50%   8.14    7.79




Cushman & Wakefield   7.75%   5.31    4.99


Cushman & Wakefield   6.00%   8.25    8.05


Cushman & Wakefield   8.50%   7.17    5.45


Cushman & Wakefield   8.25%   4.51    4.56




Cushman & Wakefield   8.25%   2.89    3.13




Cushman & Wakefield   7.25%   4.73    3.72


Cushman & Wakefield   7.75%   11.28   8.83


Cushman & Wakefield   7.00%   2.80    2.86
Cushman & Wakefield   7.00%   6.30    5.71


Cushman & Wakefield   6.75%   12.26   12.99




Cushman & Wakefield   7.00%   7.44    6.88


Cushman & Wakefield   7.25%   4.49    4.42




Cushman & Wakefield   7.00%   7.03    6.75


Cushman & Wakefield   6.75%   4.80    5.45




Cushman & Wakefield   6.75%   7.45    7.79


Cushman & Wakefield   6.75%   16.27   16.10


Cushman & Wakefield   6.75%   6.66    5.97


Cushman & Wakefield   7.75%   6.49    5.71




Cushman & Wakefield   8.25%   7.25    6.40




Cushman & Wakefield   8.00%   5.31    5.45




Cushman & Wakefield   8.00%   7.06    6.53




Cushman & Wakefield   7.50%   5.97    5.55




Cushman & Wakefield   7.00%   5.25    5.71




Cushman & Wakefield   7.75%   4.93    5.19




Cushman & Wakefield   8.00%   4.45    4.76




Cushman & Wakefield   7.50%   5.52    5.07




Cushman & Wakefield   8.00%   3.27    3.38
Cushman & Wakefield   7.00%   3.91   4.04




Cushman & Wakefield   7.50%   3.55   3.44


Cushman & Wakefield   7.50%   2.98   2.86




Cushman & Wakefield   7.50%   2.68   2.86




Cushman & Wakefield   7.50%   3.08   2.23




Cushman & Wakefield   7.50%   3.94   3.92


Cushman & Wakefield   7.50%   2.78   2.86


Cushman & Wakefield   7.75%   2.94   3.12


Cushman & Wakefield   7.50%   2.80   2.86


Cushman & Wakefield   7.50%   6.06   6.23




Cushman & Wakefield   7.50%   4.26   4.21




Cushman & Wakefield   8.00%   3.51     -




Cushman & Wakefield   7.50%   4.08   4.42


Cushman & Wakefield   8.00%   3.27   2.34




Cushman & Wakefield   7.50%   6.63   5.54




Cushman & Wakefield   7.50%   4.16   3.90




Cushman & Wakefield   7.00%   3.90   3.38




Cushman & Wakefield   7.00%   3.72   3.45




Cushman & Wakefield   7.50%   4.07   4.16
Cushman & Wakefield   7.50%   5.72    4.67


Cushman & Wakefield   7.50%   3.58    3.53




Cushman & Wakefield   7.50%   6.89    7.18




Cushman & Wakefield   7.00%   3.37    3.58


Cushman & Wakefield




                      7.50%   4.43    4.58


Cushman & Wakefield   8.00%   10.25   10.39


Cushman & Wakefield   7.50%   5.50    5.45




Cushman & Wakefield   7.00%   4.44    4.93




Cushman & Wakefield   7.50%   5.69    6.75




Cushman & Wakefield   8.00%   9.03    8.83


Cushman & Wakefield   7.50%   6.22    4.67


Cushman & Wakefield   7.50%   3.73    4.31


Cushman & Wakefield
                      7.50%   6.94    6.97
Cushman & Wakefield   7.50%   6.66    5.65


Cushman & Wakefield
                      7.00%   4.36    3.64




Cushman & Wakefield   7.50%   11.28   13.39




Cushman & Wakefield   7.25%   11.13   11.21




Cushman & Wakefield   8.25%   15.97   37.40




Cushman & Wakefield   7.00%   9.70    9.87




Cushman & Wakefield   6.50%   6.75    17.66




Cushman & Wakefield   8.25%   10.97   37.40




Cushman & Wakefield   5.75%   5.50    5.74




Cushman & Wakefield   6.50%   7.12    6.03




Cushman & Wakefield   5.75%   6.61    6.64
Cushman & Wakefield   6.50%   6.18    5.97


Jones Lang LaSalle    6.75%



Jones Lang LaSalle    7.00%




Jones Lang LaSalle    7.15%




Jones Lang LaSalle    7.15%
Jones Lang LaSalle   6.75%




Jones Lang LaSalle   7.15%




Jones Lang LaSalle   6.75%




Jones Lang LaSalle   7.20%




Jones Lang LaSalle   8.30%




Jones Lang LaSalle   7.20%




Jones Lang LaSalle   6.15%




Jones Lang LaSalle   9.40%




Jones Lang LaSalle   7.60%



Jones Lang LaSalle   7.80%




Jones Lang LaSalle   7.30%



Jones Lang LaSalle   6.00%




Jones Lang LaSalle   6.30%



Jones Lang LaSalle   7.90%
Jones Lang LaSalle   7.90%




Jones Lang LaSalle   6.90%




                     5.75%
Average Passing      Average Market      Average Passing     Average Market     Average Passing     Average Market
Rent                 Rent                Rent                Rent               Rent                Rent
           US$/ft2             US$/ft2                €/m2               €/m2              NZ$/m2             NZ$/m2
386.07   483.77
 3.86    4.20


10.08   11.40


 4.02    4.20


 7.26    7.50


 4.17    4.12


 3.81    4.08
 4.08    4.32


   -     9.00



 5.12    6.00


 6.83    7.80



 3.48    3.96


 5.53    5.52



 4.92    6.00




10.32   10.80


 5.32    5.28



 6.24    6.60



 9.34    8.94


 5.09    5.04



 5.80    6.06




 4.96    4.32


 6.51    6.56




 6.38    6.49



 8.33    6.36




 7.38    7.80
 9.57   9.60



 4.31   4.50



 4.05   4.25




 3.62   4.00




 7.75   7.50



 7.51   7.18




 2.56   2.32



 5.45   5.27


 7.78   6.22



 7.84   7.50




 5.11   4.80


 7.94   7.75


 6.90   5.25


 4.34   4.39



 2.78   3.01



 4.55   3.58


10.86   8.50


 2.70   2.75
 6.06    5.50


11.80   12.50



 7.16    6.62


 4.32    4.25



 6.77    6.50


 4.62    5.25



 7.17    7.50


15.66   15.50


 6.41    5.75


 6.25    5.50




 6.98    6.16




 5.11    5.25




 6.80    6.29



 5.75    5.34



 5.05    5.50



 4.75    5.00



 4.28    4.59



 5.31    4.88



 3.15    3.25
3.76   3.89



3.42   3.31


2.87   2.75



2.58   2.75



2.96   2.15



3.79   3.77


2.68   2.75


2.83   3.00


2.70   2.75


5.83   6.00




4.10   4.05



3.38    -



3.93   4.25


3.15   2.25



6.38   5.34



4.00   3.75



3.75   3.25



3.58   3.32



3.92   4.00
5.51    4.50


3.45    3.40



6.63    6.92



3.24    3.45




4.27    4.41


9.87   10.00


5.29    5.25



4.28    4.75



5.48    6.50



8.69    8.50


5.99    4.50


4.18    4.15



6.68    6.71
6.41    5.44
 4.20    3.50



10.86   12.89



10.71   10.79




15.37   36.00




 9.34    9.50



17.81   17.00



10.56   36.00




 5.29    5.53



 6.85    5.80



 6.36    6.39



                47.57   50.00



                51.71   44.60




                38.00   45.00




                43.63   45.00
47.04   45.00




36.03   35.00




41.84   42.40




44.63   56.65




44.20   41.56




28.09   42.60




71.42   67.99




18.10   18.00




25.65   29.09



41.89   32.51




29.99   24.28



49.33   48.56




76.01   76.73



40.80   36.32
41.30   48.90




39.66   45.01
                                                                        Moving Annual
Average Passing      Average Market                     Discount       Turnover (GST     Occupancy       Speciality
Rent                 Rent                 Initial Yield Rate           included)         Costs           Occupancy Costs
          CAD$/ft2            CAD$/frt2              %             %              A$'m               %                     %


                                                 7.29%        8.25%




                                                 8.18%        8.75%




                                                 7.96%        8.75%




                                                 7.30%        8.75%




                                                 8.27%        8.75%




                                                 6.78%        8.75%




                                                 7.32%        8.75%




                                                 5.68%        8.25%



                                                 6.09%        8.25%




                                                 5.30%        8.00%
5.71%   8.50%




5.61%   8.25%




6.03%   8.25%



5.56%   8.25%



5.83%   8.25%



5.90%   8.25%




8.77%   9.25%



7.94%   8.50%




7.77%   8.75%



4.72%   8.75%


5.82%   9.25%



6.84%   8.50%



6.90%   9.25%



9.79%   9.25%
8.06%   9.50%



8.18%   8.50%




7.93%   8.50%




8.27%   8.75%



9.44%   9.00%




9.55%   9.00%




8.42%   8.75%




6.98%   8.75%




8.04%   8.75%



7.94%   8.50%




8.23%   8.75%



7.76%   8.75%




7.60%   8.75%
8.23%   8.75%




7.90%   9.00%




8.05%   8.25%




6.77%   8.50%
4.22%   8.50%



8.43%   8.75%



8.19%   8.75%




8.40%   9.50%



8.28%   8.75%




8.42%   8.75%



8.59%   8.75%




7.93%   9.00%




7.34%   8.75%




8.53%   9.00%
10.56%   8.75%




 7.63%   8.50%



 7.58%   8.50%




 7.69%   8.75%



 8.16%   9.00%



 9.10%   8.75%




 9.26%   9.25%




 7.16%   8.75%




 7.28%   8.75%




 7.46%   8.75%




 4.36%   9.00%


6.96%    8.50%


3.16%    8.50%


6.32%    8.50%


5.71%    8.50%


6.29%    8.50%


4.19%    8.50%
6.19%   8.50%


7.85%   9.00%



6.08%   8.50%


3.67%   8.50%



5.77%   8.50%


4.90%   7.00%



6.64%   7.50%




5.68%   8.50%


2.20%   7.00%



4.45%   7.00%



5.64%   7.00%


5.87%   7.00%



5.39%   7.25%




2.99%   7.50%


4.19%   7.00%




5.18%   7.25%



9.80%   8.00%




5.18%   7.00%
7.23%   8.50%



5.78%   8.00%



6.18%   8.00%




5.92%   8.00%




5.48%   8.00%



8.80%   8.25%




6.11%   8.25%



7.02%   8.75%


6.80%   8.25%



7.65%   8.50%




5.39%   9.00%


0.92%   7.00%


1.60%   9.00%


4.35%   9.25%



6.75%   9.00%



6.56%   7.75%


7.41%   8.25%


7.35%   8.25%
6.25%   8.00%


7.41%   8.25%



2.53%   8.25%


8.66%   9.00%



4.21%   8.25%


4.35%   8.25%



4.67%   8.00%


6.03%   8.00%


6.27%   8.00%


7.98%   9.00%




7.59%   9.50%




2.87%   9.50%




5.10%   9.00%



2.17%   8.50%



7.22%   8.25%



7.75%   8.75%



6.26%   9.00%



6.74%   8.00%



4.47%   9.00%
 7.06%   8.50%



 7.09%   8.00%


 6.76%   8.25%



 5.38%   8.25%



 7.41%   8.75%



 7.41%   8.75%


 4.87%   8.25%


 7.76%   8.75%


 6.98%   8.50%


 6.03%   8.25%




 7.69%   8.75%



 9.96%   9.00%



 7.67%   8.00%


13.98%   9.50%



 7.96%   8.50%



 8.12%   8.50%



 7.12%   8.00%



 7.02%   8.00%



 7.14%   8.50%
4.64%   8.50%


5.68%   8.50%



7.01%   8.00%



4.32%   8.00%




3.83%   8.50%


6.38%   8.50%


5.20%   8.50%



5.09%   7.50%



6.80%   7.75%



5.11%   9.00%


6.65%   8.50%


2.65%   8.25%



7.62%   8.50%
8.07%   8.25%
              8.46%    8.00%



              7.21%    8.75%



              5.76%    8.75%




              5.73%   11.00%




              7.35%    8.25%



              6.44%    7.00%



              3.30%   11.00%




              4.22%    7.25%



              5.77%    7.25%



              6.91%    7.25%
5.95   5.75   5.49%    7.50%


              8.62%    8.50%



              8.74%    8.50%




              9.70%    8.75%




              7.21%    8.50%
 8.57%   8.25%




 4.60%   8.50%




 7.38%   6.75%




 6.96%   7.20%




 9.86%   8.30%




 5.38%   7.20%




 6.66%   6.15%




16.01%   9.40%




 4.37%   7.60%



11.78%   7.80%




 6.53%   7.30%



 6.16%   6.00%




 7.02%   6.30%



 4.65%   7.90%
6.58%   7.90%




5.29%   6.90%




5.81%   8.50%   $   468.1   8.3%   13.1%
                                                                   Weighted Lease
Major Tenant                                Leased by Area         Term by Income Available         Year 2009        Year 2010
                                                              %              Years             %                %                %


Commonwealth of Australia (DEWRSB)                           98%              3.0             5%                5%               0%




Commonwealth of Australia (Comcare)                      100%                 4.1             0%                1%               0%




Transport Infrastructure Development Corp                    81%              3.2             21%           10%              18%




AC Nielson Holdings Pty Ltd                                  98%              3.2             2%                3%           27%




BAE Systems                                              100%                 2.8             0%                3%           22%




NDY Management Pty Ltd                                       96%              3.9             4%            16%                  3%




Commonwealth of Australia (CSA/Medicare)                 100%                 5.0             0%                0%           36%




HBOS Australia                                           100%                 4.1             0%            13%                  8%



State of NSW                                             100%                 4.6             1%                7%               4%




State of NSW (HMGMQE II)                                 100%                 6.1             0%                2%               6%
Stats Management (HWL Ebsworth)                 100%    4.8   0%    11%   12%


DEXUS Property Group                            77%     1.6   22%   14%   13%




Lend Lease Corporation Limited                  100%    5.3   0%    0%    10%




Sparke Helmore                                  98%     6.4   2%    6%    5%



Grant Thorton                                   100%    3.6   0%    2%    40%


Credit Union Services Corporation (Australia)
Limited                                         98%     5.2   1%    4%    3%



Maunsell Australia                              93%     3.2   8%    13%   19%




Rio Tinto




State of Victoria (Film Victoria)               87%     2.8   13%   9%    12%



State of Victoria                               100%    5.0   0%    0%    0%




IBM Australia Limited                           99%     6.5   1%    19%   1%



Woodside Energy Corporation Limited             100%    8.8   0%    1%    5%


Simpson Grierson                                100%    7.7   0%    0%    0%



S&K Parking                                     100%   10.0   0%    0%    0%



Wilson Parking                                  100%    9.6   0%    2%    1%



S&K Parking                                     100%   10.0   0%    0%    0%
S&K Parking                             100%   9.8    0%    2%     0%



DHL Exel Supply Chain (Aust) Pty Ltd    100%   1.1    0%    0%    100%




Legrand Australia Pty Ltd               95%    2.7    4%    29%    6%




IBM Global Services Australia Limited   100%   5.3    0%    0%     0%



Panasonic Australia Pty Ltd             100%   2.2    0%    24%    0%




Getronics Pty Ltd                       100%   1.8    0%    14%   74%




Atlas Copco Australia Pty Ltd           100%   1.4    0%    0%    100%




Chips n Mixes Pty Ltd                   100%   2.2    0%    0%     0%




Avon Products Pty Ltd                   100%   5.0    0%    11%    0%



Controlled Climate Logistics            100%   6.8    0%    0%     0%




Acer Computer Australia                 100%   2.5    0%    41%    0%



Spotless Services Australia Limited     91%    3.6    8%    8%     5%




Allied Pickfords Pty Limited            100%   5.2    0%    0%     0%




                                                     100%   0%     0%
Entertainment Distributors Company Pty
Limited                                   100%   1.4   0%    0%    100%




Visy Pet Pty Ltd                          100%   3.2   0%    0%    28%




Toll Priority                             100%   0.7   0%    77%   15%




Trimex Pty Ltd                            96%    2.2   4%    7%    20%
Commonwealth of Australia (AQIS)          70%    3.3   30%   0%     0%



Altech Computers                          100%   1.4   0%    48%   18%



Fidax Foundry                             100%   3.3   0%    24%   28%




BOC Ltd                                   100%   1.5   0%    51%   22%



Gunnsersen Timbermark Pty Ltd             100%   1.6   0%    0%    100%




Australian Surgical Design                100%   2.7   0%    26%    7%



Bishop Manufacturing Technology Limited   100%   1.3   0%    42%   58%




Twentieth Superstar Nominees Pty Ltd      100%   4.2   0%    0%     0%




Datacom Systems                           99%    2.5   1%    11%   27%




Elders Limited                            100%   4.0   0%    0%     0%
Target Australia                  100%    3.8     0%    0%    0%




Annex Holdings Pty Ltd            100%   11.3     0%    0%    0%



L'Oreal                           100%    5.0     0%   17%    0%




EDAG Future Pty Ltd               100%    2.4     0%   42%    11%



Chubb Security Pty Ltd            100%    1.6     0%   25%    33%



Toll Transport                    100%    0.7     0%   73%    27%




Elders Limited                    100%    4.0     0%    0%    0%




Fosters                           100%    9.8     0%    0%    0%




Coles                             100%   13.8     0%    0%    0%




Alinta Limited                     97%    4.5     2%   10%    14%




Canon Australia Pty Limited       100%    1.3     0%    0%   100%


Pierce Leahy Corp.                100%     3.3   0%    44%    0%


Southwest Shield Services, Inc.   80%      1.9   22%   18%   30%


Freeport Logistics, Inc.          100%     1.4   0%    0%    100%


Chompies Bada Bing Bakery, Inc.   100%     3.8   0%    0%    26%


S.P. Richards Company             100%     4.2   0%    20%   42%


Warren Industries, Inc.           75%      0.7   31%   38%   31%
U.S. Greenfiber, LLC              100%   0.9   0%    100%    0%


Vacant                            100%   0.0   0%    100%    0%



World Wide Parts & Accessories    100%   2.4   0%     0%    56%


Arizona Board of Regents          95%    1.7   6%    28%    10%



States Logistics Services, Inc.   100%   3.8   0%     0%     0%


Halsteel, Inc.                    100%   3.6   0%     0%     0%



Kittrich Corporation              100%   1.4   0%    70%     0%




Graham Webb International         100%   1.1   0%     0%    98%


Wayne-Dalton Corporation          100%   0.8   0%    100%    0%



Damac Products, Inc.              55%    4.5   45%    0%     0%



A & A Amalgamated Printing        99%    3.7   1%    12%    19%


Domtar Paper Company              100%   1.9   0%     0%    100%



Skechers USA, Inc.                97%    1.4   4%    17%    63%




Whirlpool Corporation             100%   9.6   0%     0%     0%


Metro Express, Inc.               81%    1.8   21%   20%     0%




Weber Distribution Warehouses     100%   1.4   0%    14%    73%



Illinois Tool Works, Inc.         100%   2.2   0%    56%     0%



                                               0%     0%     0%



Fedex Ground Package System       100%   1.4   0%    83%     0%
Solatube International, Inc.            100%   0.7   0%    100%   0%



Kaycan Ltd                              100%   1.6   0%    33%    16%



Universal City Develppment Partners     100%   3.1   0%    13%    14%




Whirlpool Corporation                   100%   9.0   0%     0%    0%




Mattress Giant Corporation              100%   6.0   0%     0%    0%



Lockheed Martin Aerospace Corporation   77%    2.8   16%    2%    28%




Easoon USA, Llc                         100%   2.3   0%     0%    69%



CDE Services, Inc.                      94%    2.1   6%    41%    7%


Healthtronics, Inc.                     95%    1.4   7%    43%    0%



International Business Machines         100%   4.0   0%     0%    0%




Bionew USA Corporation                  96%    2.0   4%    35%    18%


Levantina, USA                          43%    6.5   67%    0%    0%


Kuehne + Nagel Inc.                     51%    3.2   37%   10%    0%


Cintas Corporation                      68%    1.0   27%   31%    23%



Bluegrass Products LLC                  96%    1.9   5%     5%    72%



Continental Pet Technologies            100%   1.7   0%     0%    62%


Internal Revenue Service                94%    5.0   4%    14%    13%


Qualis Automotive                       100%   6.3   0%     0%    0%
Fedex Ground Package System        90%    1.1   9%    42%   43%


Sandy Spring National Bank         100%   6.6   0%    0%    0%



Projection Video Services, Inc     95%    2.9   5%    21%   10%


B&E Storage                        88%    4.0   12%   21%   0%



National Coatings, Inc.            100%   2.1   0%    6%    51%


Builder Resource Supply            89%    2.0   14%   31%   0%



DHL Express (USA), Inc.            100%   3.5   0%    0%    0%


Erickson Retirement Communitie     100%   3.0   0%    0%    0%


Goodman Distribution, Inc.         100%   2.8   0%    13%   27%


KSI Trading Corporation            80%    7.1   18%   25%   0%




Stirling Critical Products         78%    2.4   20%   22%   23%




Jl Rosewood Corporation            25%    1.4   71%   0%    29%




Micromedics, Inc.                  86%    2.3   13%   29%   7%



Professional Reproductions, Inc.   100%   4.3   0%    0%    0%



Select Comfort Corporation         100%   9.3   0%    0%    0%



Palco Marketing                    100%   2.5   0%    0%    0%



Florstar Sales, Inc                67%    2.2   30%   29%   0%



Quanex Corporation                 95%    3.4   6%    0%    24%



Visy Recycling, Inc.               51%    4.1   50%   0%    0%
General Dynamics Inf Tech, Inc        90%    1.9   10%    27%    23%



Northern Tool & Equipment Co.         100%   2.2    0%    14%    48%


Patheon Pharmaceuticals               90%    2.7   10%     7%    33%



Nfi-Quick Pak, LLC                    100%   0.6    0%    100%   0%



Commonwealth, Inc.                    94%    2.7    4%    22%    30%



United Stationers Supply Co.          100%   2.4    0%    36%    6%


USF Distribution Services             100%   1.3    0%    35%    65%


Chasm Industries Ohio, Inc.           100%   5.6    0%     6%    0%


R.J. Schinner & Co., Inc.             100%   2.1    0%    37%    0%


Federal Express Kinkos Corp           100%   2.6    0%     0%    0%




Square D Company                      100%   6.4    0%    10%    0%



Vacant                                 0%    0.0   100%    0%    0%



ORS Nasco                             100%   3.2    0%     0%    37%


Reebok International Limited          100%   0.8    0%    100%   0%



Donruss Playoff, L.P.                 100%   2.8    0%     0%    0%



Allmetal, Inc.                        100%   5.2    0%     0%    0%



Toyo Tire (USA) Corporation           100%   3.3    0%     0%    0%



Rediform, Inc.                        100%   2.6    0%    75%    0%



Mcdonald Technologies International   100%   3.6    0%     0%    0%
Natural Health Trends, Corporation   100%    3.4   0%    0%    0%


Jack Engle & Company                 84%     3.3   15%   17%   0%



Lanvera, Ltd                         100%    3.4   0%    0%    0%



Trane                                100%    3.1   0%    18%   0%


                                                   0%    0%    0%


                                                   0%    0%    0%


The Picture People, Inc.             88%     5.4   14%   12%   0%


Soletron USA, Inc.                   95%     2.3   5%    25%   12%


Probity Electronics                  100%    3.2   0%    18%   0%



Tekelec                              79%     1.7   27%   51%   0%



Adams Golf                           100%    3.2   0%    17%   6%



Air System Components                75%     2.9   25%   0%    23%


Forward Air, Inc.                    13%     5.0   83%   0%    0%


Fiesta Warehousing & Distribution    89%    10.0   11%   0%    0%


                                                   0%    0%    0%
Twigland Fashions, Ltd.              72%     6.6   28%   0%    0%
Lancer FBD Partnership, Ltd.         93%     5.8   11%   0%    0%
Michaels Stores, Inc.           100%   7.9   0%    0%     0%



Chesapeake Resource DBA Vault   89%    4.0   20%   11%    6%



United Refrigeration, Inc.      86%    1.8   13%   59%   11%




AT&T Corporation                100%   7.5   0%    0%     0%


                                             0%    0%     0%




Old Dominion Brewing Company    97%    1.6   3%    47%   12%



US Government (TSA)             100%   5.4   0%    0%     0%



Exodus Communications, Inc.     100%   0.8   0%    54%   46%




                                             0%    0%     0%




Graebel/Quality Movers, Inc.    100%   2.8   0%    25%    5%



JFC International Inc.          100%   4.0   0%    10%    0%



Northern Sales Company, Inc.    100%   4.1   0%    0%     0%
Whirlpool Corporation           100%   9.5   0%    0%     0%


CAE                             100%   2.1   0%    0%     0%



Auchan France                   100%   1.7   0%    0%    100%




ID Logistics France             29%    0.2   74%   26%    0%




ID Logistics France             100%   4.1   0%    0%     0%
Coca-Cola Enterprise                  100%   3.9   0%     0%     0%




Norma                                 56%    1.6   41%    6%     0%




Edeka Südwest eG                      100%   5.0   0%     0%     0%




Edeka Südwest eG                      100%   5.0   0%     0%     0%




Edeka Südwest eG                      92%    4.8   8%     5%     0%




Schober Grundstucksverwaltungs GmbH   100%   1.4   0%     0%    100%




Deutsche Post Immobilien GmbH         100%   8.3   0%     0%     0%




Jelenia Plast GmbH                    100%   0.8   0%    100%    0%




Schenker Deutschland AG               53%    0.3   47%   53%     0%



Alfred Talke GmbH & Co.KG             100%   1.5   0%     0%    100%




PCG GmbH                              85%    2.6   15%    0%    33%



Industriereifenkontor Lüdtke          100%   3.3   0%     0%     0%




Compass Security Logistik             100%   5.2   0%     0%     0%



Enthone GmbH                          54%    5.8   46%    0%     0%
Thiel Fashion Lifestyle GmbH           100%   3.5   0%   0%    0%




Karstadt Vermietungsgesellschaft mbH   100%   5.5   0%   0%    0%




Woolworths Ltd (Woolworths/Big W)       99%   4.5   0%   25%   12%
                                                                                                                                    Encumbered
Year 2011        Year 2012        Year 2013        Year 2014       Year 2015       Year 2016       Year 2017       Year 2018+          Status
            %                %                %                %               %               %               %                %


            5%           85%                  0%           0%              0%              0%              0%               0%         No




            0%           11%              88%              0%              0%              0%              0%               0%         No




            2%           11%              13%             12%              4%              2%              0%               8%         No




        32%              18%                  6%           0%              0%              5%              7%               0%         No




        58%                  0%               0%           0%              9%              8%              0%               0%         No




                                                                                                                                       No




        23%              15%                  0%           2%             34%              0%              0%               3%         Yes




            0%               2%               1%           0%              0%             61%              0%               0%         No



                                                                                                                                       No


                                                                                                                                        No



            4%           23%              34%              0%              7%             10%              0%               0%         No



        14%                  3%           32%              3%             32%              0%              0%               4%         Yes




            4%               5%           10%             16%             19%             11%             22%               6%         Yes
12%   8%    13%    9%    11%   8%    1%    14%    Yes


44%   1%     4%    1%    0%    0%    0%     0%    No




0%    0%     0%    90%   0%    0%    0%     0%    yes




8%    1%    18%    0%    2%    25%   20%   13%    No



5%    2%    35%    0%    16%   1%    0%     0%    No



13%   0%    23%    17%   19%   11%   8%     0%    Yes



19%   11%    7%    7%    5%    0%    4%     7%    No




                                                  No




5%    25%   35%    0%    0%    0%    0%     0%    No



0%    0%    100%   0%    0%    0%    0%     0%    No




5%    7%     3%    3%    1%    31%   0%    29%    Yes



1%    0%     0%    14%   9%    0%    0%    70%    Yes


0%    3%     0%    0%    28%   26%   0%    43%    No



0%    0%     0%    0%    0%    0%    0%    100%   No



0%    0%     0%    0%    0%    0%    0%    98%    No



0%    0%     0%    0%    0%    0%    0%    100%   No
 0%    0%    0%    0%     0%    0%    0%    98%   No



 0%    0%    0%    0%     0%    0%    0%    0%    No




 9%    24%   5%   22%     0%    0%    0%    0%    No




 0%    0%    0%   100%    0%    0%    0%    0%    No



76%    0%    0%    0%     0%    0%    0%    0%    No




 0%    0%    0%    0%     0%    13%   0%    0%    No




 0%    0%    0%    0%     0%    0%    0%    0%    No




100%   0%    0%    0%     0%    0%    0%    0%    No




44%    2%    0%    0%     0%    0%    43%   0%    No



 0%    0%    0%    0%    100%   0%    0%    0%    No




20%    28%   0%   12%     0%    0%    0%    0%    No



10%    29%   5%   35%     0%    0%    0%    0%    No




 0%    32%   0%   28%    40%    0%    0%    0%    No




 0%    0%    0%    0%     0%    0%    0%    0%    No
0%     0%     0%    0%   0%   0%   0%   0%    No




18%   40%    14%    0%   0%   0%   0%   0%    No




7%     0%     0%    0%   0%   0%   0%   0%    No




39%   30%     0%    0%   0%   0%   0%   0%    No
0%     0%    70%    0%   0%   0%   0%   0%    No



31%    3%     0%    0%   0%   0%   0%   0%    No



0%    29%     4%    0%   0%   0%   0%   16%   No




28%    0%     0%    0%   0%   0%   0%   0%    No



0%     0%     0%    0%   0%   0%   0%   0%    No




27%    8%    32%    0%   0%   0%   0%   0%    No



0%     0%     0%    0%   0%   0%   0%   0%    No




0%     0%    100%   0%   0%   0%   0%   0%    No




33%    6%    23%    0%   0%   0%   0%   0%    No




0%    100%    0%    0%   0%   0%   0%   0%    No
 0%   100%   0%     0%   0%    0%    0%     0%    No




 0%    0%    0%     0%   0%    0%    0%    100%   No



 0%   22%    10%   29%   0%    0%    0%    22%    No




15%   13%    6%     0%   13%   0%    0%     0%    No



28%   14%    0%     0%   0%    0%    0%     0%    No



 0%    0%    0%     0%   0%    0%    0%     0%    No




 0%   100%   0%     0%   0%    0%    0%     0%    No




 0%    0%    0%     0%   0%    0%    12%   88%    No




 0%    0%    0%     0%   0%    0%    0%    100%   No




 5%   16%    12%    6%   2%    18%   15%    1%    No




 0%    0%    0%     0%   0%    0%    0%     0%    No


0%     0%    0%    56%   0%    0%    0%     0%    Yes


19%   11%    0%    0%    0%    0%    0%     0%    Yes


0%     0%    0%    0%    0%    0%    0%     0%    No


16%   15%    0%    43%   0%    0%    0%     0%    No


0%     0%    0%    0%    0%    0%    0%    38%    Yes


0%     0%    0%    0%    0%    0%    0%     0%    No
0%     0%    0%    0%   0%    0%    0%     0%    No


0%     0%    0%    0%   0%    0%    0%     0%    Yes



26%    0%    0%    0%   0%    18%   0%     0%    Yes


46%   11%    0%    0%   0%    0%    0%     0%    Yes



0%    100%   0%    0%   0%    0%    0%     0%    Yes


0%    100%   0%    0%   0%    0%    0%     0%    Yes



0%    30%    0%    0%   0%    0%    0%     0%    Yes




2%     0%    0%    0%   0%    0%    0%     0%    No


0%     0%    0%    0%   0%    0%    0%     0%    Yes



0%     0%    55%   0%   0%    0%    0%     0%    Yes



10%   22%    9%    6%   11%   0%    10%    0%    No


0%     0%    0%    0%   0%    0%    0%     0%    Yes



11%    5%    0%    0%   0%    0%    0%     0%    Yes




0%     0%    0%    0%   0%    0%    0%    100%   No


59%    0%    0%    0%   0%    0%    0%     0%    Yes




9%     4%    0%    0%   0%    0%    0%     0%    Yes



0%     0%    44%   0%   0%    0%    0%     0%    Yes



0%     0%    0%    0%   0%    0%    0%     0%    No



0%     0%    17%   0%   0%    0%    0%     0%    Yes
0%    0%     0%    0%     0%    0%    0%     0%    No



51%   0%     0%    0%     0%    0%    0%     0%    Yes



23%   28%   10%    5%     0%    0%    6%     0%    Yes




0%    0%     0%    0%     0%    0%    0%    100%   No




0%    0%    65%    0%     0%    0%    0%    35%    No



29%   2%    22%    0%     0%    0%    0%     0%    No




0%    0%    31%    0%     0%    0%    0%     0%    Yes



7%    36%    0%    0%     0%    0%    0%     4%    No


43%   0%     7%    0%     0%    0%    0%     0%    Yes



0%    0%    100%   0%     0%    0%    0%     0%    No




18%   13%    0%    11%    0%    0%    0%     0%    Yes


0%    0%     0%    0%    33%    0%    0%     0%    No


17%   0%    35%    0%     0%    0%    0%     0%    Yes


19%   0%     0%    0%     0%    0%    0%     0%    No



8%    10%    0%    0%     0%    0%    0%     0%    Yes



38%   0%     0%    0%     0%    0%    0%     0%    Yes


2%    11%    4%    0%     0%    34%   17%    0%    Yes


0%    0%     0%    0%    100%   0%    0%     0%    Yes
 0%    2%    4%    0%     0%    0%   0%     0%    Yes


 0%    0%    0%    0%    100%   0%   0%     0%    No



19%    8%    38%   0%     0%    0%   0%     0%    No


20%    0%    0%    0%    46%    0%   0%     0%    Yes



20%    23%   0%    0%     0%    0%   0%     0%    No


 0%    54%   0%    0%     0%    0%   0%     0%    No



59%    0%    22%   19%    0%    0%   0%     0%    Yes


60%    14%   8%    18%    0%    0%   0%     0%    No


23%    22%   5%    0%     0%    0%   10%    0%    No


 0%    0%    0%    0%     0%    0%   0%    56%    Yes




 0%    22%   0%    0%    12%    0%   0%     0%    No




 0%    0%    0%    0%     0%    0%   0%     0%    No




14%    31%   1%    2%     3%    0%   0%     0%    No



13%    33%   0%    54%    0%    0%   0%     0%    Yes



 0%    0%    0%    0%     0%    0%   0%    100%   No



100%   0%    0%    0%     0%    0%   0%     0%    Yes



16%    0%    24%   0%     0%    0%   0%     0%    Yes



25%    21%   20%   0%     0%    0%   0%     4%    Yes



 0%    0%    50%   0%     0%    0%   0%     0%    No
20%    12%    8%     0%    0%    0%    0%    0%   Yes



27%     0%    0%     0%    0%    0%    10%   0%   Yes


19%     9%    0%    22%    0%    0%    0%    0%   Yes



 0%     0%    0%     0%    0%    0%    0%    0%   Yes



 3%     5%    0%    35%    0%    0%    0%    0%   Yes



44%     0%    0%     0%    14%   0%    0%    0%   No


 0%     0%    0%     0%    0%    0%    0%    0%   No


 0%     8%    40%    0%    0%    46%   0%    0%   No


20%    43%    0%     0%    0%    0%    0%    0%   No


100%    0%    0%     0%    0%    0%    0%    0%   Yes




 0%     0%    0%     0%    0%    90%   0%    0%   Yes



 0%     0%    0%     0%    0%    0%    0%    0%   No



 0%    34%    0%    29%    0%    0%    0%    0%   No


 0%     0%    0%     0%    0%    0%    0%    0%   Yes



100%    0%    0%     0%    0%    0%    0%    0%   Yes



 0%     0%    0%    100%   0%    0%    0%    0%   Yes



 0%    100%   0%     0%    0%    0%    0%    0%   Yes



 0%     0%    0%     0%    0%    0%    25%   0%   Yes



64%     0%    0%     0%    36%   0%    0%    0%   Yes
0%    100%   0%    0%    0%   0%    0%    0%    Yes


35%   20%    0%    0%    0%   0%    0%    13%   No



36%   64%    0%    0%    0%   0%    0%    0%    Yes



26%    0%    56%   0%    0%   0%    0%    0%    No


0%     0%    0%    0%    0%   0%    0%    0%    No


0%     0%    0%    0%    0%   0%    0%    0%    No


19%    0%    17%   0%    0%   13%   0%    24%   Yes


33%    0%    25%   0%    0%   0%    0%    0%    No


32%   12%    13%   25%   0%   0%    0%    0%    No



0%    16%    5%    0%    0%   0%    0%    0%    Yes



5%    45%    5%    23%   0%   0%    0%    0%    Yes



32%    0%    0%    20%   0%   0%    0%    0%    Yes


0%     0%    17%   0%    0%   0%    0%    0%    No


0%    12%    0%    0%    0%   0%    0%    77%   No


0%     0%    0%    0%    0%   0%    0%    0%    Yes
0%     0%    39%   0%    0%   0%    0%    33%   No
15%    0%    40%   0%    0%   0%    34%   0%    No


                                                No


                                                No


                                                No


                                                No


                                                No


                                                No


                                                No
 0%    0%     0%     0%    0%    100%   0%    0%    No



17%    8%    10%     5%    22%    0%    0%    2%    Yes



 7%    0%     0%     0%    9%     0%    0%    0%    No




 0%    0%     0%     0%    0%    100%   0%    0%    No


 0%    0%     0%     0%    0%     0%    0%    0%    No




28%    10%    0%     0%    0%     0%    0%    0%    No



 0%    0%     0%    100%   0%     0%    0%    0%    Yes



 0%    0%     0%     0%    0%     0%    0%    0%    No




 0%    0%     0%     0%    0%     0%    0%    0%    No




27%    17%   27%     0%    0%     0%    0%    0%    No



 0%    10%   80%     0%    0%     0%    0%    0%    No



 0%    60%   40%     0%    0%     0%    0%    0%    No
 0%    0%     0%     0%    0%     0%    0%   100%   No


100%   0%     0%     0%    0%     0%    0%    0%    No



 0%    0%     0%     0%    0%     0%    0%    0%    No




 0%    0%     0%     0%    0%     0%    0%    0%    No




 0%    0%    100%    0%    0%     0%    0%    0%    No
0%    100%    0%    0%   0%   0%    0%    0%   No




53%    0%     0%    0%   0%   0%    0%    0%   No




0%     0%    100%   0%   0%   0%    0%    0%   No




0%     0%    100%   0%   0%   0%    0%    0%   No




0%     0%    85%    2%   0%   0%    0%    0%   No




0%     0%     0%    0%   0%   0%    0%    0%   No




0%     0%     0%    0%   0%   0%   100%   0%   No




0%     0%     0%    0%   0%   0%    0%    0%   No




0%     0%     0%    0%   0%   0%    0%    0%   No



0%     0%     0%    0%   0%   0%    0%    0%   No




31%    0%    20%    0%   0%   0%    0%    0%   No



0%    100%    0%    0%   0%   0%    0%    0%   No




0%    100%    0%    0%   0%   0%    0%    0%   No



0%     0%     0%    0%   0%   0%   54%    0%   No
0%       100%        0%        0%   0%   0%   0%   0%    No




0%         0%        0%      100%   0%   0%   0%   0%    No




19%        9%       12%        6%   1%   3%   0%   14%   No
Lease maturity profile by income
                         Development,
                        Land Cost PP&E           AIFRS               AIFRS          AIFRS           AIFRS
Classification as Inv   only (included in     Net Income          Net Income     Net Income      Net Income
  Prop, Equity or          Book Value        12 months to        12 months to   12 months to    12 months to
        PP&E                columns)        30 Jun 08 7,10       30 Jun 08 10   30 Jun 08 10    30 Jun 08 10
                           A$m/US$m/€m                 A$m               US$m              €m            NZ$m


      Inv Prop                                          4.2




      Inv Prop                                          3.7




      Inv Prop                                          7.5




      Inv Prop                                         10.5




      Inv Prop                                          2.5




       PP&E                          31.4                    -




      Inv Prop                                          5.3




      Inv Prop                                          5.1



       PP&E                         117.0               1.9


      Inv Prop                                          -



      Inv Prop                                         12.8



      Inv Prop                                          7.9




      Inv Prop                                         34.5
Inv Prop          14.4


 PP&E      56.4    2.9




Inv Prop           9.9




Inv Prop          10.4



Inv Prop           7.3



Inv Prop           9.7



Inv Prop          11.5




 PP&E      62.6    1.9




Inv Prop           1.3



Inv Prop           7.8




Inv Prop          28.3



Inv Prop          20.2


Inv Prop           7.7   9.0



Inv Prop           5.0



Inv Prop           2.2



Inv Prop           3.3
Inv Prop          3.2



Inv Prop          1.1




Inv Prop          3.2




Inv Prop   10.0   3.6



Inv Prop          2.7




Inv Prop          2.9




Inv Prop          0.9




Inv Prop          1.2




Inv Prop          3.8



Inv Prop          2.0




Inv Prop          2.4



Inv Prop          3.2




Inv Prop          3.5




 PP&E      73.5    -
Inv Prop   0.7




Inv Prop   7.3




Inv Prop   1.0




Inv Prop   4.4
Inv Prop   1.6



Inv Prop   3.4



Inv Prop   3.6




Inv Prop   1.4



Inv Prop   0.6




Inv Prop   2.8



Inv Prop   0.6




Inv Prop   1.7




Inv Prop   2.0




Inv Prop   2.2
     Inv Prop                   3.3




     Inv Prop                   0.7



     Inv Prop                   5.0




     Inv Prop                   2.0



     Inv Prop                   0.7



     Inv Prop                   3.0




     Inv Prop                   3.8


Visy and Wrightson
Seeds are Inv Prop -
  remainder PP&E       107.2    3.6




     Inv Prop                   5.7




     Inv Prop                  13.4




     Inv Prop                   0.7


     Inv Prop                  0.6    0.6


     Inv Prop                  0.4    0.4


     Inv Prop                  0.6    0.6


     Inv Prop                  0.6    0.6


     Inv Prop                  1.0    0.9


     Inv Prop                  1.0    0.9
Inv Prop          0.4   0.4


Inv Prop          0.5   0.5



Inv Prop          0.4   0.4


Inv Prop          0.4   0.4



Inv Prop          1.0   0.9


Inv Prop          0.5   0.4



Inv Prop          1.7   1.6




Inv Prop          1.5   1.3


Inv Prop          0.2   0.2



Inv Prop          0.6   0.5



Inv Prop          4.5   4.0


Inv Prop          1.3   1.2



Inv Prop          2.9   2.6




Inv Prop          4.2   3.8


Inv Prop          0.3   0.3




Inv Prop          2.1   1.9



Inv Prop          1.1   1.0



 PP&E      35.8   -



Inv Prop          1.4   1.3
Inv Prop   0.5   0.5



Inv Prop   0.5   0.4



Inv Prop   5.1   4.5




Inv Prop   1.9   1.7




Inv Prop   1.8   1.6



Inv Prop   2.0   1.8




Inv Prop   0.3   0.3



Inv Prop   0.8   0.7


Inv Prop   0.7   0.6



Inv Prop   1.1   1.0




Inv Prop   0.4   0.3


Inv Prop   0.3   0.3


Inv Prop   0.1   0.1


Inv Prop   0.2   0.2



Inv Prop   0.5   0.5



Inv Prop   1.1   1.0


Inv Prop   0.5   0.4


Inv Prop   1.0   0.9
Inv Prop   0.8   0.7


Inv Prop   0.8   0.7



Inv Prop   0.3   0.3


Inv Prop   2.2   2.0



Inv Prop   0.6   0.6


Inv Prop   0.4   0.4



Inv Prop   0.5   0.4


Inv Prop   2.0   1.8


Inv Prop   0.6   0.5


Inv Prop   0.9   0.8




Inv Prop   0.4   0.4




Inv Prop   0.1   0.1




Inv Prop   0.9   0.8



Inv Prop   0.1   0.1



Inv Prop   0.6   0.6



Inv Prop   0.2   0.2



Inv Prop   0.6   0.6



Inv Prop   1.6   1.4



Inv Prop   0.2   0.2
Inv Prop   0.7   0.6



Inv Prop   2.0   1.8


Inv Prop   1.1   1.0



Inv Prop   0.8   0.7



Inv Prop   1.7   1.6



Inv Prop   3.3   3.0


Inv Prop   0.3   0.2


Inv Prop   1.0   0.9


Inv Prop   0.4   0.4


Inv Prop   0.2   0.2




Inv Prop   1.6   1.5



Inv Prop   2.3   2.1



Inv Prop   0.8   0.7


Inv Prop   1.0   0.9



Inv Prop   0.8   0.7



Inv Prop   0.2   0.2



Inv Prop   0.3   0.2



Inv Prop   0.5   0.4



Inv Prop   0.3   0.3
Inv Prop           0.2       0.1


Inv Prop           0.6       0.6



Inv Prop           0.3       0.3



Inv Prop           0.4       0.3


 PP&E      3.6 -   0.1 -     0.1


 PP&E      2.3     -     -   0.0


Inv Prop           0.5       0.4


Inv Prop           0.4       0.4


Inv Prop           0.4       0.3



Inv Prop           1.0       0.9



Inv Prop           1.9       1.7



Inv Prop           0.2       0.2


Inv Prop           1.0       0.9


Inv Prop           0.6       0.5


 PP&E      3.6     -
Inv Prop           0.9       0.8
Inv Prop           1.4       1.3


 PP&E      1.3     -


 PP&E      1.5     -


 PP&E      1.5     -


 PP&E      3.2     -


 PP&E      2.0     -


 PP&E      1.0     -


 PP&E      1.5     -
Inv Prop          1.1   1.0



Inv Prop          4.2   3.8



Inv Prop          0.3   0.3




Inv Prop          2.8   2.5


 PP&E      4.3    -




Inv Prop          1.8   1.6



Inv Prop          2.1   1.9



Inv Prop          1.7   1.5




 PP&E      33.3   -




Inv Prop          1.6   1.5



Inv Prop          0.7   0.6



Inv Prop          0.2   0.2
Inv Prop          2.6   2.4


Inv Prop          1.5         0.9



Inv Prop          0.9         0.6




Inv Prop          2.1         1.3




Inv Prop          0.6         0.3
Inv Prop   1.2   0.7




Inv Prop   0.8   0.5




Inv Prop   1.7   1.1




Inv Prop   1.4   0.8




Inv Prop   1.2   0.7




Inv Prop   0.9   0.6




Inv Prop   1.1   0.7




Inv Prop   0.2   0.1




Inv Prop   0.3   0.2



Inv Prop   0.8   0.5




Inv Prop   0.7   0.4



Inv Prop   2.0   1.2




Inv Prop   1.8   1.1



Inv Prop   0.7   0.4
Inv Prop     0.6   0.4




Inv Prop     1.4   0.9




Inv Prop    15.4
           495.8
    AIFRS
 Net Income
12 months to
30 Jun 08 10
        CAD$m
2.4
Reconciliation of Statutory Accounts to Property Synopsis
                                                                                   2008
Book value reconciliation                                     Note                  $m                $m


Balance Sheet line items
Investment Properties                                        Note 13         8,182.3
Property Plant & Equipment                                   Note 14           443.6
Investments accounted for using equity method                Note 16           107.7
Total Property Book Value                                                                     8,733.6


Less Adjustments - items not included in Property Synopsis
  Non-property components of equity accounted properties     Note 16    -           9.3
  John Martins carpark                                                              0.1
  105 Phillip Street in PP&E                                                        0.1
  DXO IT & office asset value                                Note 14                6.1


  Total adjustments                                                                       -       3.0


Property Synopsis Book Value                                                                  8,736.6



Variance                                                                                          -



Reconciliation of AIFRS Net Income 12 Months to 30 June 2008 to Operating Income


                                                                               A$m             A$m
Operating Income
Office                                                                         242.6
Industrial                                                                     237.6
Retail                                                                             27.6
Total Property Sector Income                                                                   507.8


AIFRS Net Income in the Property Synopsis
Office                                                                         227.3
Car Park (including 123 Albert St)                                                 15.6
Total Office                                                                                   242.9
Industrial                                                                                     237.5
Retail                                                                                          15.4
Total AIFRS Net Income                                                                         495.8
Properties sold not in the synopsis                                                             12.2
Total Property Sector Income                                                                   508.0


Rounding variance                                                                         -       0.2




                                                                            0b6ea5aa-63d0-4002-b4bb-ebced40e0603.xls

				
DOCUMENT INFO
Description: Property Sales Minneapolis Minnesota document sample