Northgate Shopping Centre, Glenorchy, Tasmania

- Dominant & solid performing sub regional shopping complex, featuring a Coles supermarket, Target discount department store, Best & Less discount variety store, a mini-major & 63 specialty shops, providing a total GLA of 19,213sqm (approx.) & on-site parking for 867 cars (approx.)

- Significant main trade area catchment, estimated to comprise 58,990 persons (approx.), with positive demographic characteristics (Source: Pitney Bowes Business Insight)

- Situated on a high profile 3.6ha (approx.) site, positioned within the retail & commercial heart of the busy Glenorchy town centre, located an estimated 8km north-west of the Hobart CBD

- Well balanced food, service, fashion & convenience oriented tenancy mix, with attractive in-built growth

- Secure income stream via major, national & chain tenants, which combined comprise 89% (approx.) of GLA & 79% (approx.) of the gross rental income

- Various potential value-add opportunities

- Fully leased net income - $6,722,000 p.a. (approx.)

EXPRESSIONS OF INTEREST Closing Date: 12 Noon (AEST), Thursday, 21 May 2009

For further information please contact:

Simon Rooney - National
Jones Lang LaSalle
Telephone: (02) 9220 8497
Mobile: 0418 284 680
Email: simon.rooney@ap.jll.com

Phil O'Donovan - National
Knight Frank
Telephone: (02) 9036 6666
Mobile: 0427 666 690
Email: phil.o'donovan@au.knightfrank.com

Rod Parker - Hobart
Knight Frank
Telephone: (03) 6234 5866
Mobile: 0418 121 195
Email: rod.parker@au.knightfrank.com