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Property Summary Property Name:                    Aurora on Pirie Location:                                Adelaide, SA Type:                                       Commercial Expected Completion:         Late 2009 Tenant Profile:                      Small to medium businesses                                                    (including medical related)

PROJECT DESCRIPTION

PROJECT FEATURES

• A dedicated Business Centre offering full receptionist and secretarial services and access to executive boardrooms and meeting rooms equipped with the latest technology.
• A unique rooftop recreational and entertaining area offering owners and employees a heated lap pool, sauna, spa gymnasium and executive function facilities - with the Adelaide skyline as a backdrop.
• Convenient on-site childcare^# facility and cafe.
• 24 hour security with CCTV and after-hours access.
• On-site and valet car parking and an abundance of public car parking in close proximity.
• The Latest ergonomically designed office suite layouts - including purpose built medical suites.

INVESTMENT OUTLOOK

Capital Growth:             

• With a lack of genuine premium "A" grade offices in the CBD Aurora should quickly become one of Adelaide's most sought after office premises.
• Adelaide's Core vacancy rate has reached a 18-year record low and growing yields indicate the extent of demand in Adelaide's tight office market.
• The South Australia economy is in its best shape in more than a decade with infrastructure and CBD investment and development high on the Government's agenda.

Rental Return:               

• 7% Gross Rental Return 12 Months*

"X" FACTORS / KEY GROWTH DRIVERS

• Extension of the tram line through King William Street and North Terrace.
• Mining and defence industries boom.

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# Subject to statutory approvals
* Conditions apply

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