The Direct Properties
The main asset class of the fund is direct property. The fund invests in direct property to provide above average, tax-effective income, and for capital gains potential. The fund currently has direct property in NSW, QLD, VIC, WA and Tasmania.

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11 Queens Road
11 Queens Road located in the “St Kilda Road precinct” of Melbourne. The building consists of 2 basements, a ground floor, and 11 levels of office accommodation.
Acquired by the Fund in June 08. |

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14 Queens Road
14 Queens Rd is located in the “St Kilda Road precinct” of Melbourne. The property comprises a basement, a ground floor, 11 office floors and a roof plant area.
Acquired by the Fund in June 08. |

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Highviews Building 81-85 Flushcombe Rd
The Highviews Building is a commercial office building located in Blacktown City, 35 km from the Sydney CBD.
Acquired by the Fund in June 08. |
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Parkinson Shopping Centre
Parkinson Shopping Centre is located on the south side of Brisbane, some 19km from the CBD. The center comprises an Actions Supermarket and 12 speciality tenants.
Acquired by the Fund in June 08 |

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Centrelink
The Centerlink property is a single level commercial building located in a well established commercial/retail precinct 8.5km north of the Perth CBD.
Acquired by the Fund in June 08. |

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Summerhill Village Shopping Centre
Summerhill Village is located in Reservoir, VIC. The center is a single level shopping centre comprising a Woolworths Supermarket and 11 speciality tenants.
Currently Under Contract. |

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Oxley Mall Shopping Centre
Oxley Mall is a community based shopping centre located in Bowral NSW. The center comprising a Coles supermarket, 18 specialty shops and 2 kiosks.
Acquired by the Fund in March 08. |

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City Centre Campbelltown
City Centre Campbelltown is located in the heart of the Campbelltown NSW central business district. The centre is a modern ten level mixed retail and office complex.
Acquired by the Fund in March 08. |

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Elermore Vale Shopping Centre
The centre is located approximately six kilometres west of the Newcastle CBD and is anchored by BiLo Supermarket as well as 16 specialty stores.
Acquired by the Fund in November 07 |
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34 - 36 Chandos Street, St Leonards NSW
Erected upon the site is a modern commercial complex substantially refurbished during 1988. The St Leonards building comprises a ground floor office and 2 upper levels of office accommodation consisting of 4 tenancy areas.
Acquired by the Fund in March 07 |

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Nightowl Convenience Centre, Underwood QLD
The centre was completed in August 2005 and is a modern style single level convenience based retail centre including 11 tenancies and an ATM.
Acquired by the Fund in January 07 |

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The Devonport C-Max Complex, Tasmania
The Devonport Complex is a modern development with a variety of tenants, which include local and international retailers, Government offices and a large entertainment complex with 4 C-Max cinemas.
Acquired by the Fund in October 04 |
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Southern River Syndicate
Southern River is situated approximately 19 kms south-east from the Perth CBD. The Syndicate involves the purchase of approximately 23.8 hectares of land which is to be developed into 305 residential lots and one commercial site, to be progressively sold over approximately four years.
The Property Fund holds 1,834,000 ordinary units and 1,320,480 bonus units in the Syndicate. |

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