DEXUS Property Group PROPERTY SYNOPSIS JUNE 2008 Contents

DEXUS ProPErty GroUP PROPERTY SYNOPSIS JUNE 2008 cONTENTS

introduction 1 summary of properties 2 maps 16 office portfolio – australia and new zealand 22 car park portfolio – australia 32 industrial portfolio – australia 35 industrial portfolio – nortH america 49 industrial portfolio – europe 90 retail portfolio – australia 98 index 100 directory 102

front cover: Governer phillip tower, sydney above: Governer phillip tower and Governer macquarie tower, sydney INTRODUcTION

DExUS Property Group dexus is one of tHe larGest diversified property Groups in australia, witH over a$15.2 Billion or 194 properties under manaGement. tHe Group Has extensive experience in owninG, manaGinG and developinG HiGH quality office, industrial and retail properties in australia, new zealand, tHe united states, canada, Germany and france. we offer our tenants and investors access to a world-class at dexus, we strive to be a market leader in corporate property portfolio managed by our expert team of property responsibility & sustainability initiatives and we have been and funds management professionals. implementing programs in this area for almost a decade. dexus property Group is the fifth largest property group on local expertise, international reacH the australian stock exchange (asx:dxs) and has a standard and poors (s&p) rating of BBB+. the group has two areas of in australia, dexus has over 300 employees nationwide. operation: the group also has a number of strategic relationships with major australian and international property owners, property n our a$8.9 billion direct property portfolio, dexus managers and corporate partners. property Group, which is focused on developing, owning and managing high quality office and industrial assets in this includes a strategic relationship with rreef alternative australia, new zealand, north america and europe; and investments – deutsche Bank’s global alternative investment management business – which facilities international n our a$6.4 billion funds management business, one of acquisitions and the management of our property assets in the largest third party fund management businesses in selected international markets. australia, which develops and manages office, industrial and retail properties on behalf of third party investors; to find out more, visit our website at www.dexus.com dexus wholesale property fund, two blue-chip private client mandates and two property syndicates.

DEXUS ProPErty GroUP property synopsis 2008 1 SUMMARY OF PROPERTIES

Property address Location Metro area Building type Ownership at Net lettable Acquisition Book value at Independent Independent Market Leased Weighted Net Income 30 June 2008 area adjusted date 30 June 2008 valuation date valuation cap rate by area lease term 12 months to (%) for ownership (A$m) (A$m) (%) (%) by income 30 June 200810 (‘000 sqm) (years) (A$m) Australian Office Garema Court, 140-180 City Walk, Canberra ACT Canberra CBD A Grade - Office 100 11.4 Aug 2000 60.0 Jun 2008 60.0 7. 3 0 98 3.0 4.2 14 Moore Street, Canberra ACT Canberra CBD B Grade – Office 100 11.1 May 2002 46.5 Dec 2007 49.5 7.5 0 100 4.1 3.7 The Zenith, 821 Pacific Highway, Chatswood NSW Chatswood A Grade – Office 50 22.4 Dec 1998 130.0 Jun 2007 130.0 7.0 0 81 3.2 7.5 11 Talavera Road, Macquarie Park NSW North Ryde Office Park 100 36.2 Jun 2002 160.0 Jun 2008 160.0 7.0 0 98 3.2 10.5 40–50 Talavera Road, Macquarie Park NSW North Ryde Business Park 100 12.9 Oct 2002 33.9 Dec 2006 31.2 7.5 0 100 2.8 2.5 144 Wicks Road, North Ryde5, 11 NSW North Ryde Land 50 Nov 2006 31.4 0.0 Victoria Cross, 60 Miller Street, North Sydney NSW North Sydney A Grade – Office 100 14.8 Dec 1998 110.1 Dec 2005 90.0 6.80 96 3.9 5.3 130 George Street & 105 Phillip Street, Parramatta NSW Parramatta CBD B Grade – Office 100 19.9 May 1997 92.0 Jun 2006 80.0 7. 3 0 100 5.0 5.1 1 Bligh Street, Sydney2, 8, 11 NSW Sydney CBD Premium 68 117.0 1.9 Grade – Office Development 45 Clarence Street, Sydney NSW Sydney CBD A Grade – Office 100 32.2 Dec 1998 290.2 Jun 2007 265.0 6.00 100 4.1 12.8 201–217 Elizabeth Street, Sydney NSW Sydney CBD A Grade – Office 50 19.4 Aug 2000 164.1 Jun 2007 158.8 6.30 100 4.6 7.9 Governor Phillip & Macquarie Tower Complex, NSW Sydney CBD Premium Grade 50 43.4 Dec 1998 745.0 Dec 2006 638.8 5.32 100 6.1 34.5 1 Farrer Place, Sydney – Office Australia Square Complex, 264–278 George Street, Sydney NSW Sydney CBD A Grade – Office 50 26.3 Aug 2000 303.0 Dec 2007 312.5 5.80 100 4.8 14.4 343 George Street, Sydney11 NSW Sydney CBD B Grade – Office 100 9.4 Dec 2004 56.4 Dec 2004 44.0 77 1.6 2.9 30 The Bond, 30–34 Hickson Road, Sydney NSW Sydney CBD A Grade – Office 100 19.8 May 2002 179.0 Jun 2006 150.0 6.00 100 5.3 9.9 309–321 Kent Street, Sydney NSW Sydney CBD A Grade – Office 50 23.6 Dec 1998 210.5 Dec 2006 183.5 6.08 98 6.4 10.4 383–395 Kent Street, Sydney NSW Sydney CBD A Grade – Office 100 18.1 Sep 1987 153.0 Jun 2008 153.0 6.00 100 3.6 7.3 One Margaret Street, Sydney NSW Sydney CBD A Grade – Office 100 20.6 Dec 1998 194.0 Dec 2007 200.0 6.00 98 5.2 9.7 44 Market Street, Sydney NSW Sydney CBD A Grade – Office 100 30.2 Sep 1987 225.0 Jun 2008 225.0 6.30 93 3.2 11.5 123 Albert Street, Brisbane11 QLD Brisbane CBD Premium 100 Oct 1984 62.6 Jun 2006 38.5 1.9 Grade – Office Development Flinders Gate Complex, 172 Flinders Street VIC Melbourne CBD B Grade – Office 100 8.7 Mar 1999 21.3 Jun 2006 18.0 7.8 0 87 2.8 1.3 and 189 Flinders Lane, Melbourne 8 Nicholson Street, Melbourne VIC Melbourne CBD A Grade – Office 100 23.5 Nov 1993 99.0 Dec 2007 106.5 7.0 0 100 5.0 7.8 Southgate Complex, VIC Melbourne CBD A Grade – Office 100 76.0 Aug 2000 370.0 Jun 2007 380.0 7.0 0 99 6.5 28.3 3 Southgate Avenue, Southbank Woodside Plaza, WA Perth CBD Premium Grade 100 47.2 Jan 2001 446.5 Jun 2008 446.2 6.30 100 8.8 20.2 240 St Georges Terrace, Perth – Office New Zealand Office Lumley Centre, 88 Shortland Street, Auckland NZ Auckland CBD Premium Grade 100 19.8 Aug 2004 122.9 Jun 2008 122.9 7.0 0 100 7.7 7.7 – Office Australian Car Parks 383–395 Kent Street, Sydney NSW Sydney CBD Car Park 100 3.6 Sep 1987 65.0 Jun 2008 65.0 6.80 100 10.0 5.0 32–44 Flinders Street, Melbourne VIC Melbourne CBD Car Park 100 2.1 Jun 1998 32.6 Jun 2006 32.5 7.8 0 100 9.6 2.2 Flinders Gate Complex, VIC Melbourne CBD Car Park 100 4.2 Mar 1999 39.3 Jun 2006 39.0 7.8 0 100 10.0 3.3 172 Flinders Street, Melbourne 34–60 Little Collins Street, Melbourne VIC Melbourne CBD Car Park 100 3.5 Nov 1984 41.0 Jun 2006 37.5 8.50 100 9.8 3.2

2 DEXUS property group PROPERTY SYNOPSIS 2008 Property address Location Metro area Building type Ownership at Net lettable Acquisition Book value at Independent Independent Market Leased Weighted Net Income 30 June 2008 area adjusted date 30 June 2008 valuation date valuation cap rate by area lease term 12 months to (%) for ownership (A$m) (A$m) (%) (%) by income 30 June 200810 (‘000 sqm) (years) (A$m) Australian Office Garema Court, 140-180 City Walk, Canberra ACT Canberra CBD A Grade - Office 100 11.4 Aug 2000 60.0 Jun 2008 60.0 7. 3 0 98 3.0 4.2 14 Moore Street, Canberra ACT Canberra CBD B Grade – Office 100 11.1 May 2002 46.5 Dec 2007 49.5 7.5 0 100 4.1 3.7 The Zenith, 821 Pacific Highway, Chatswood NSW Chatswood A Grade – Office 50 22.4 Dec 1998 130.0 Jun 2007 130.0 7.0 0 81 3.2 7.5 11 Talavera Road, Macquarie Park NSW North Ryde Office Park 100 36.2 Jun 2002 160.0 Jun 2008 160.0 7.0 0 98 3.2 10.5 40–50 Talavera Road, Macquarie Park NSW North Ryde Business Park 100 12.9 Oct 2002 33.9 Dec 2006 31.2 7.5 0 100 2.8 2.5 144 Wicks Road, North Ryde5, 11 NSW North Ryde Land 50 Nov 2006 31.4 0.0 Victoria Cross, 60 Miller Street, North Sydney NSW North Sydney A Grade – Office 100 14.8 Dec 1998 110.1 Dec 2005 90.0 6.80 96 3.9 5.3 130 George Street & 105 Phillip Street, Parramatta NSW Parramatta CBD B Grade – Office 100 19.9 May 1997 92.0 Jun 2006 80.0 7. 3 0 100 5.0 5.1 1 Bligh Street, Sydney2, 8, 11 NSW Sydney CBD Premium 68 117.0 1.9 Grade – Office Development 45 Clarence Street, Sydney NSW Sydney CBD A Grade – Office 100 32.2 Dec 1998 290.2 Jun 2007 265.0 6.00 100 4.1 12.8 201–217 Elizabeth Street, Sydney NSW Sydney CBD A Grade – Office 50 19.4 Aug 2000 164.1 Jun 2007 158.8 6.30 100 4.6 7.9 Governor Phillip & Macquarie Tower Complex, NSW Sydney CBD Premium Grade 50 43.4 Dec 1998 745.0 Dec 2006 638.8 5.32 100 6.1 34.5 1 Farrer Place, Sydney – Office Australia Square Complex, 264–278 George Street, Sydney NSW Sydney CBD A Grade – Office 50 26.3 Aug 2000 303.0 Dec 2007 312.5 5.80 100 4.8 14.4 343 George Street, Sydney11 NSW Sydney CBD B Grade – Office 100 9.4 Dec 2004 56.4 Dec 2004 44.0 77 1.6 2.9 30 The Bond, 30–34 Hickson Road, Sydney NSW Sydney CBD A Grade – Office 100 19.8 May 2002 179.0 Jun 2006 150.0 6.00 100 5.3 9.9 309–321 Kent Street, Sydney NSW Sydney CBD A Grade – Office 50 23.6 Dec 1998 210.5 Dec 2006 183.5 6.08 98 6.4 10.4 383–395 Kent Street, Sydney NSW Sydney CBD A Grade – Office 100 18.1 Sep 1987 153.0 Jun 2008 153.0 6.00 100 3.6 7.3 One Margaret Street, Sydney NSW Sydney CBD A Grade – Office 100 20.6 Dec 1998 194.0 Dec 2007 200.0 6.00 98 5.2 9.7 44 Market Street, Sydney NSW Sydney CBD A Grade – Office 100 30.2 Sep 1987 225.0 Jun 2008 225.0 6.30 93 3.2 11.5 123 Albert Street, Brisbane11 QLD Brisbane CBD Premium 100 Oct 1984 62.6 Jun 2006 38.5 1.9 Grade – Office Development Flinders Gate Complex, 172 Flinders Street VIC Melbourne CBD B Grade – Office 100 8.7 Mar 1999 21.3 Jun 2006 18.0 7.8 0 87 2.8 1.3 and 189 Flinders Lane, Melbourne 8 Nicholson Street, Melbourne VIC Melbourne CBD A Grade – Office 100 23.5 Nov 1993 99.0 Dec 2007 106.5 7.0 0 100 5.0 7.8 Southgate Complex, VIC Melbourne CBD A Grade – Office 100 76.0 Aug 2000 370.0 Jun 2007 380.0 7.0 0 99 6.5 28.3 3 Southgate Avenue, Southbank Woodside Plaza, WA Perth CBD Premium Grade 100 47.2 Jan 2001 446.5 Jun 2008 446.2 6.30 100 8.8 20.2 240 St Georges Terrace, Perth – Office New Zealand Office Lumley Centre, 88 Shortland Street, Auckland NZ Auckland CBD Premium Grade 100 19.8 Aug 2004 122.9 Jun 2008 122.9 7.0 0 100 7.7 7.7 – Office Australian Car Parks 383–395 Kent Street, Sydney NSW Sydney CBD Car Park 100 3.6 Sep 1987 65.0 Jun 2008 65.0 6.80 100 10.0 5.0 32–44 Flinders Street, Melbourne VIC Melbourne CBD Car Park 100 2.1 Jun 1998 32.6 Jun 2006 32.5 7.8 0 100 9.6 2.2 Flinders Gate Complex, VIC Melbourne CBD Car Park 100 4.2 Mar 1999 39.3 Jun 2006 39.0 7.8 0 100 10.0 3.3 172 Flinders Street, Melbourne 34–60 Little Collins Street, Melbourne VIC Melbourne CBD Car Park 100 3.5 Nov 1984 41.0 Jun 2006 37.5 8.50 100 9.8 3.2

DEXUS property group PROPERTY SYNOPSIS 2008 3 SUMMARY OF PROPERTIES (continued)

Property address Location Metro area Building type Ownership at Net lettable Acquisition Book value at Independent Independent Market Leased Weighted Net Income 30 June 2008 area adjusted date 30 June 2008 valuation date valuation cap rate by area lease term 12 months to (%) for ownership (A$m) (A$m) (%) (%) by income 30 June 200810 (‘000 sqm) (years) (A$m) Australian Industrial 52 Holbeche Road, Arndell Park NSW Sydney, Outer West Distribution Centre 100 9.6 Jul 1998 13.5 Jun 2008 13.5 7. 3 0 100 1.1 1.1 79–97 St Hilliers Road, Auburn NSW Sydney, Inner West Business Park 100 25.8 Sep 1997 47. 3 Jun 2007 45.3 7. 3 0 95 2.7 3.2 3 Brookhollow Avenue, Baulkham Hills11 NSW Sydney, Outer West Business Park 100 13.4 Dec 2002 54.8 Jun 2008 54.8 7.5 0 100 5.3 3.6 1 Garigal Road, Belrose NSW Sydney, North Business Park 100 12.6 Dec 1998 28.8 Jun 2007 31.0 8.00 100 2.2 2.7 2 Minna Close, Belrose NSW Sydney, North Business Park 100 13.6 Dec 1998 33.0 Jun 2007 35.0 8.00 100 1.8 2.9 3–7 Bessemer Street, Blacktown NSW Sydney, Outer West Distribution Centre 100 8.1 Jun 1997 11.1 Sep 2006 10.3 7.8 0 100 1.4 0.9 30–32 Bessemer Street, Blacktown NSW Sydney, Outer West Distribution Centre 100 14.7 May 1997 19.0 Jun 2006 17.9 7.8 0 100 2.2 1.2 114–120 Old Pittwater Road, Brookvale NSW Sydney, North Business Park 100 30.6 Sep 1997 51.5 Jun 2006 45.5 7.8 0 100 5.0 3.8 2 Alspec Place, Eastern Creek NSW Sydney, Outer West Distribution Centre 100 16.9 Mar 2004 24.8 Dec 2006 26.0 7. 3 0 100 6.8 2.0 145–151 Arthur Street, Flemington NSW Sydney, Inner West Business Park 100 19.2 Sep 1997 35.0 Dec 2007 37.9 7.5 0 100 2.5 2.4 436–484 Victoria Road, Gladesville NSW Sydney, North Business Park 100 19.9 Sep 1997 55.0 Jun 2007 53.0 7.5 0 91 3.6 3.2 1 Foundation Place, Greystanes NSW Sydney, Outer West Industrial Estate 100 30.8 Apr 2003 48.0 Jun 2008 48.0 7. 3 0 100 5.2 3.5 SEL, Greystanes Estate, Greystanes4, 11 NSW Sydney, Outer West Land 100 Dec 2007 73.5 Nov 2007 83.8 27–29 Liberty Road, Huntingwood NSW Sydney, Outer West Distribution Centre 100 6.8 Jul 1998 9.7 Jun 2008 9.7 7.8 0 100 1.4 0.7 Kings Park Industrial Estate, Vardys Road, Marayong NSW Sydney, Outer West Industrial Estate 100 68.9 May 1990 104.0 Jun 2008 104.0 7.5 0 100 3.2 7.3 154 O’Riordan Street, Mascot NSW Sydney, South Industrial Estate 100 8.2 Jun 1997 15.0 Dec 2006 16.0 7.0 0 100 0.7 1.0 5–15 Rosebery Avenue, Rosebery NSW Sydney, South Business Park 100 27.9 Apr 1998 62.2 Jun 2008 62.2 7. 3 0 96 2.2 4.4 25–55 Rothschild Avenue, Rosebery NSW Sydney, South Business Park 100 16.9 Oct 2001 40.5 Jun 2008 40.5 7.0 0 70 3.3 1.6 10–16 South Street, Rydalmere NSW Sydney, Inner West Industrial Estate 100 34.7 Sep 1997 48.0 Dec 2006 47.0 7.5 0 100 1.4 3.4 DEXUS Industrial Estate, Egerton Street, Silverwater NSW Sydney, Inner West Business Park 100 29.3 May 1997 48.2 Dec 2007 50.0 7.5 0 100 3.3 3.6 19 Chifley Street, Smithfield NSW Sydney, Outer West Industrial Estate 100 18.5 Dec 1998 18.4 Jun 2008 18.4 8.00 100 1.5 1.4 239–251 Woodpark Road, Smithfield NSW Sydney, Outer West Distribution Centre 100 5.2 May 1997 6.8 Jun 2006 6.5 7.8 0 100 1.6 0.6 12 Frederick Street, St Leonards NSW Sydney, North Business Park 100 19.3 Jul 2000 37.0 Jun 2007 38.0 7.8 0 100 2.7 2.8 40 Biloela Street, Villawood NSW Sydney, Outer West Distribution Centre 100 7.3 Jul 1997 8.1 Jun 2006 8.8 7.8 0 100 1.3 0.6 30 Bellrick Street, Acacia Ridge QLD Brisbane Distribution Centre 100 17.8 Jun 1997 22.7 Jun 2008 22.7 7.5 0 100 4.2 1.7 25 Donkin Street, West End QLD Brisbane Business Park 100 11.3 Dec 1998 35.8 Dec 2007 35.6 7. 3 0 99 2.5 2.0 15–23 Whicker Road, Gillman SA Adelaide Distribution Centre 100 72.1 Dec 2002 25.8 Dec 2006 25.5 8.00 100 4.0 2.2 Target Distribution Centre, Tarras Road, Altona North VIC Melbourne, West Distribution Centre 100 41.4 Oct 1995 34.2 Dec 2007 37.5 7.8 0 100 3.8 3.3 114 Fairbank Road, Clayton VIC Melbourne, South East Distribution Centre 100 18.2 Jul 1997 16.2 Jun 2006 12.8 7. 3 0 100 11.3 0.7 Pound Road West, Dandenong VIC Melbourne, South East Industrial Estate 100 89.3 Jan 2004 91.5 Dec 2007 81.6 7.0 0 100 5.0 5.0 Redwood Gardens Industrial Estate, VIC Melbourne, South East Industrial Estate 100 34.4 Dec 1994 30.3 Jun 2008 30.3 8.00 100 2.4 2.0 Boundary Road, Dingley6 352 Macaulay Road, Kensington VIC Melbournen, North West Industrial Estate 100 6.4 Oct 1998 9.1 Dec 2007 10.0 7.8 0 100 1.6 0.7 Knoxfield Industrial Estate, Henderson Road, Knoxfield VIC Melbourne, South East Distribution Centre 100 48.5 Aug 1996 35.3 Jun 2006 37.1 7.8 0 100 0.7 3.0 250 Forest Road South, Lara VIC Melbourne, South West Distribution Centre 100 117.3 Dec 2002 44.8 Jun 2008 44.8 9.00 100 4.0 3.9 DEXUS Industrial Estate, Boundary Road, Laverton North VIC Melbourne, West Distribution Centre 100 73.4 Jul 2002 and 131.5 Dec 2007 132.5 7.0 0 100 9.8 3.6 (including 440 Doherty’s Road)3, 11 Nov 2006 12–18 Distribution Drive, Laverton North VIC Melbourne, West Distribution Centre 50 21.5 Stage 1 Land 55.2 7.0 0 100 13.8 5.7 Jul 2002 Axxess Corporate Park, Cnr Ferntree Gully & Gilby Roads, VIC Melbourne, South East Industrial Estate 100 84.4 Oct 1996 192.7 Jun 2008 192.7 7. 3 0 97 4.5 13.4 Mount Waverley 68 Hasler Road, Herdsman WA Perth Business Park 100 4.7 Jul 1998 17.5 Jun 2008 17.5 7. 3 0 100 1.3 0.7

4 DEXUS property group PROPERTY SYNOPSIS 2008 Property address Location Metro area Building type Ownership at Net lettable Acquisition Book value at Independent Independent Market Leased Weighted Net Income 30 June 2008 area adjusted date 30 June 2008 valuation date valuation cap rate by area lease term 12 months to (%) for ownership (A$m) (A$m) (%) (%) by income 30 June 200810 (‘000 sqm) (years) (A$m) Australian Industrial 52 Holbeche Road, Arndell Park NSW Sydney, Outer West Distribution Centre 100 9.6 Jul 1998 13.5 Jun 2008 13.5 7. 3 0 100 1.1 1.1 79–97 St Hilliers Road, Auburn NSW Sydney, Inner West Business Park 100 25.8 Sep 1997 47. 3 Jun 2007 45.3 7. 3 0 95 2.7 3.2 3 Brookhollow Avenue, Baulkham Hills11 NSW Sydney, Outer West Business Park 100 13.4 Dec 2002 54.8 Jun 2008 54.8 7.5 0 100 5.3 3.6 1 Garigal Road, Belrose NSW Sydney, North Business Park 100 12.6 Dec 1998 28.8 Jun 2007 31.0 8.00 100 2.2 2.7 2 Minna Close, Belrose NSW Sydney, North Business Park 100 13.6 Dec 1998 33.0 Jun 2007 35.0 8.00 100 1.8 2.9 3–7 Bessemer Street, Blacktown NSW Sydney, Outer West Distribution Centre 100 8.1 Jun 1997 11.1 Sep 2006 10.3 7.8 0 100 1.4 0.9 30–32 Bessemer Street, Blacktown NSW Sydney, Outer West Distribution Centre 100 14.7 May 1997 19.0 Jun 2006 17.9 7.8 0 100 2.2 1.2 114–120 Old Pittwater Road, Brookvale NSW Sydney, North Business Park 100 30.6 Sep 1997 51.5 Jun 2006 45.5 7.8 0 100 5.0 3.8 2 Alspec Place, Eastern Creek NSW Sydney, Outer West Distribution Centre 100 16.9 Mar 2004 24.8 Dec 2006 26.0 7. 3 0 100 6.8 2.0 145–151 Arthur Street, Flemington NSW Sydney, Inner West Business Park 100 19.2 Sep 1997 35.0 Dec 2007 37.9 7.5 0 100 2.5 2.4 436–484 Victoria Road, Gladesville NSW Sydney, North Business Park 100 19.9 Sep 1997 55.0 Jun 2007 53.0 7.5 0 91 3.6 3.2 1 Foundation Place, Greystanes NSW Sydney, Outer West Industrial Estate 100 30.8 Apr 2003 48.0 Jun 2008 48.0 7. 3 0 100 5.2 3.5 SEL, Greystanes Estate, Greystanes4, 11 NSW Sydney, Outer West Land 100 Dec 2007 73.5 Nov 2007 83.8 27–29 Liberty Road, Huntingwood NSW Sydney, Outer West Distribution Centre 100 6.8 Jul 1998 9.7 Jun 2008 9.7 7.8 0 100 1.4 0.7 Kings Park Industrial Estate, Vardys Road, Marayong NSW Sydney, Outer West Industrial Estate 100 68.9 May 1990 104.0 Jun 2008 104.0 7.5 0 100 3.2 7.3 154 O’Riordan Street, Mascot NSW Sydney, South Industrial Estate 100 8.2 Jun 1997 15.0 Dec 2006 16.0 7.0 0 100 0.7 1.0 5–15 Rosebery Avenue, Rosebery NSW Sydney, South Business Park 100 27.9 Apr 1998 62.2 Jun 2008 62.2 7. 3 0 96 2.2 4.4 25–55 Rothschild Avenue, Rosebery NSW Sydney, South Business Park 100 16.9 Oct 2001 40.5 Jun 2008 40.5 7.0 0 70 3.3 1.6 10–16 South Street, Rydalmere NSW Sydney, Inner West Industrial Estate 100 34.7 Sep 1997 48.0 Dec 2006 47.0 7.5 0 100 1.4 3.4 DEXUS Industrial Estate, Egerton Street, Silverwater NSW Sydney, Inner West Business Park 100 29.3 May 1997 48.2 Dec 2007 50.0 7.5 0 100 3.3 3.6 19 Chifley Street, Smithfield NSW Sydney, Outer West Industrial Estate 100 18.5 Dec 1998 18.4 Jun 2008 18.4 8.00 100 1.5 1.4 239–251 Woodpark Road, Smithfield NSW Sydney, Outer West Distribution Centre 100 5.2 May 1997 6.8 Jun 2006 6.5 7.8 0 100 1.6 0.6 12 Frederick Street, St Leonards NSW Sydney, North Business Park 100 19.3 Jul 2000 37.0 Jun 2007 38.0 7.8 0 100 2.7 2.8 40 Biloela Street, Villawood NSW Sydney, Outer West Distribution Centre 100 7.3 Jul 1997 8.1 Jun 2006 8.8 7.8 0 100 1.3 0.6 30 Bellrick Street, Acacia Ridge QLD Brisbane Distribution Centre 100 17.8 Jun 1997 22.7 Jun 2008 22.7 7.5 0 100 4.2 1.7 25 Donkin Street, West End QLD Brisbane Business Park 100 11.3 Dec 1998 35.8 Dec 2007 35.6 7. 3 0 99 2.5 2.0 15–23 Whicker Road, Gillman SA Adelaide Distribution Centre 100 72.1 Dec 2002 25.8 Dec 2006 25.5 8.00 100 4.0 2.2 Target Distribution Centre, Tarras Road, Altona North VIC Melbourne, West Distribution Centre 100 41.4 Oct 1995 34.2 Dec 2007 37.5 7.8 0 100 3.8 3.3 114 Fairbank Road, Clayton VIC Melbourne, South East Distribution Centre 100 18.2 Jul 1997 16.2 Jun 2006 12.8 7. 3 0 100 11.3 0.7 Pound Road West, Dandenong VIC Melbourne, South East Industrial Estate 100 89.3 Jan 2004 91.5 Dec 2007 81.6 7.0 0 100 5.0 5.0 Redwood Gardens Industrial Estate, VIC Melbourne, South East Industrial Estate 100 34.4 Dec 1994 30.3 Jun 2008 30.3 8.00 100 2.4 2.0 Boundary Road, Dingley6 352 Macaulay Road, Kensington VIC Melbournen, North West Industrial Estate 100 6.4 Oct 1998 9.1 Dec 2007 10.0 7.8 0 100 1.6 0.7 Knoxfield Industrial Estate, Henderson Road, Knoxfield VIC Melbourne, South East Distribution Centre 100 48.5 Aug 1996 35.3 Jun 2006 37.1 7.8 0 100 0.7 3.0 250 Forest Road South, Lara VIC Melbourne, South West Distribution Centre 100 117.3 Dec 2002 44.8 Jun 2008 44.8 9.00 100 4.0 3.9 DEXUS Industrial Estate, Boundary Road, Laverton North VIC Melbourne, West Distribution Centre 100 73.4 Jul 2002 and 131.5 Dec 2007 132.5 7.0 0 100 9.8 3.6 (including 440 Doherty’s Road)3, 11 Nov 2006 12–18 Distribution Drive, Laverton North VIC Melbourne, West Distribution Centre 50 21.5 Stage 1 Land 55.2 7.0 0 100 13.8 5.7 Jul 2002 Axxess Corporate Park, Cnr Ferntree Gully & Gilby Roads, VIC Melbourne, South East Industrial Estate 100 84.4 Oct 1996 192.7 Jun 2008 192.7 7. 3 0 97 4.5 13.4 Mount Waverley 68 Hasler Road, Herdsman WA Perth Business Park 100 4.7 Jul 1998 17.5 Jun 2008 17.5 7. 3 0 100 1.3 0.7

DEXUS property group PROPERTY SYNOPSIS 2008 5 SUMMARY OF PROPERTIES (continued)

Property address Location Metro area Building type Ownership Net lettable 100% Acquisition Book value at Independent Independent Market Leased Weighted Net Income at 30 June area adjusted US assets date 30 June 2008 valuation date valuation cap rate by area lease term 12 months to 2008 (%) for ownership lettable area (A$m) (A$m) (%) (%) by income 30 June 200810 (‘000 sqm) (‘000 sf) (years) (A$m) North American Industrial 844 44th Avenue, Phoenix Arizona Phoenix Distribution Centre 100 13.4 144.6 Sep 2004 8.4 Jun 2008 8.4 6.50 100 3.3 0.6 3802-3922 East University Drive, Phoenix Arizona Phoenix Business Park 100 10.2 109.7 Sep 2004 11.9 Jun 2008 11.9 6.50 80 1.9 0.4 431 North 47th Avenue, Phoenix Arizona Phoenix Distribution Centre 100 15.2 163.2 Sep 2004 9.2 Jun 2008 9.2 6.50 100 1.4 0.6 220 South 9th Street, Phoenix Arizona Phoenix Distribution Centre 100 8.3 89.4 Sep 2004 10.5 Jun 2008 10.5 6.50 100 3.8 0.6 1429-1439 South 40th Avenue, Phoenix Arizona Phoenix Distribution Centre 100 23.5 253.4 Sep 2004 15.1 Jun 2008 15.1 6.50 100 4.2 1.0 105-107 South 41st Avenue, Phoenix Arizona Phoenix Distribution Centre 100 35.8 385.2 Sep 2004 22.2 Jun 2008 21.4 6.50 75 0.7 1.0 601 South 55th Avenue, Phoenix Arizona Phoenix Distribution Centre 100 9.3 100.0 Sep 2004 5.9 Jun 2008 5.9 6.50 100 0.9 0.4 1000 South Priest Drive, Phoenix Arizona Phoenix Business Park 100 5.1 54.9 Sep 2004 6.2 Jun 2008 6.2 6.50 100 0.5 1858 East Encanto Drive, Tempe Arizona Phoenix Distribution Centre 100 7.6 81.8 Sep 2004 6.6 Jun 2008 6.6 6.50 100 2.4 0.4 1120-1150 West Alameda Drive, Tempe Arizona Phoenix Business Park 100 11.4 122.4 Sep 2004 10.4 Jun 2008 10.4 6.50 95 1.7 0.4 10397 West Van Buren Street, Tolleson Arizona Phoenix Distribution Centre 100 25.8 278.1 Sep 2004 15.4 Jun 202008 15.4 6.00 100 3.8 1.0 4190 East Santa Ana Street, Bloomington California Riverside Industrial Estate 100 9.2 98.8 Sep 2004 9.3 Jun 202008 9.3 5.50 100 3.6 0.5 14555 Alondra Boulevard, La Mirada California Los Angeles Distribution Centre 100 28.3 304.4 Sep 2004 24.4 Jun 2008 24.4 6.50 100 1.4 1.7 & 6530 Altura Boulevard, Buena Park 5823 Newton Drive, Carlsbad California San Diego Business Park 100 16.7 179.7 Sep 2004 24.0 Jun 2008 24.0 7.0 0 100 1.1 1.5 13602 12th Street, Chino California Riverside Distribution Centre 100 9.7 104.6 Sep 2004 9.7 Jun 2008 9.7 5.50 100 0.8 0.2 14489 Industry Circle, La Mirada California Los Angeles Distribution Centre 100 10.5 112.9 Sep 2004 12.5 Jun 2008 11.6 5.75 55 4.5 0.6 3550 Tyburn Street & 3332 3424 California Los Angeles Industrial Estate 100 41.9 451.4 Sep 2004 73.8 Jun 2008 73.8 5.75 99 3.7 4.5 N.San Fernando Road, Los Angeles 3590 De Forest Circle, Mira Loma California Riverside Distribution Centre 100 23.3 250.6 Sep 2004 20.8 Jun 2008 20.8 5.50 100 1.9 1.3 1450 E Francis Street, 4200 E Santa Ana Street, California Riverside Industrial Estate 100 53.1 571.8 Sep 2004 50.4 Jun 2008 50.4 5.50 97 1.4 2.9 1951 S Parco Street, 1401 E Cedar Street, 1777 Vintage Avenue, Ontario 3691 North Perris Boulevard, Perris4 California Riverside Warehouse 100 156.7 1686.6 Jan 2008 131.9 Jun 2008 131.9 6.50 100 9.6 4.2 12000 Jersey Court, Rancho Cucamonga California Riverside Distribution Centre 100 8.2 88.1 Sep 2004 7.7 Jun 2008 7.7 5.75 81 1.8 0.3 11653 6th Street, Santa Anita Avenue, California Riverside Industrial Estate 100 39.9 429.5 Sep 2004 37.9 Jun 2008 37.9 5.75 100 1.4 2.1 9357 Richmond Place, & 9371 Buffalo Avenue, Rancho Cucamonga 7510-7520 Airway Road, San Diego California San Diego Industrial Estate 100 11.2 120.8 Sep 2004 10.4 Jun 2008 10.4 7.0 0 100 2.2 1.1 Summit Oaks, Vanderbilt Way, Santa Clarita9, 11 California Los Angeles Office Park 92 Dec 2006 74.4 9210 San Fernando Road, Sun Valley California Los Angeles Industrial Estate 100 16.9 181.6 Sep 2004 26.0 Jun 2008 26.0 5.25 100 1.4 1.4 2210 Oak Ridge Way, Vista California San Diego Business Park 100 4.9 53.2 Sep 2004 6.7 Jun 2008 6.7 6.50 100 0.7 0.5 7500 Exchange Drive, Orlando Florida Orlando Industrial Estate 100 10.8 115.7 Sep 2004 7.4 Jun 2008 7.4 6.50 100 1.6 0.5 Orlando Central Park, 7600 Kingspointe Parkway, Florida Orlando Industrial Estate 100 118.4 1274.8 Sep 2004 76.3 Jun 2008 76.3 6.50 100 3.1 5.1 8259 Exchange Drive, 7451-7488 Brokerage Drive, 2900-2901 Titan Row, Orlando 13201 South Orange Avenue, Orlando Florida Orlando Distribution Centre 100 46.8 503.5 Jun 2007 30.6 Jun 2008 30.6 6.50 100 9.0 1.9 Turnpike Distribution Centre, 1580 NW 27th Avenue, Florida South Florida Distribution Centre 100 24.9 268.0 Sep 2005 29.9 Jun 2008 29.9 6.75 100 6.0 1.8 Pompano Beach Northpoint Business Park, 300-1400 Northpoint Florida South Florida Distribution Centre 100 13.7 147. 3 Sep 2004 21.3 Jun 2008 21.3 7.0 0 77 2.8 2.0 Parkway, West Palm Beach 3765 Atlanta Industrial Drive NW, Atlanta Georgia Atlanta Distribution Centre 100 15.0 162.0 Sep 2004 4.6 Jun 2008 4.6 7.5 0 100 2.3 0.3 1000-1200 Williams Street NW, Atlanta Georgia Atlanta Distribution Centre 100 19.4 208.3 Sep 2004 10.3 Jun 2008 10.3 7. 25 94 2.1 0.8

6 DEXUS property group PROPERTY SYNOPSIS 2008 Property address Location Metro area Building type Ownership Net lettable 100% Acquisition Book value at Independent Independent Market Leased Weighted Net Income at 30 June area adjusted US assets date 30 June 2008 valuation date valuation cap rate by area lease term 12 months to 2008 (%) for ownership lettable area (A$m) (A$m) (%) (%) by income 30 June 200810 (‘000 sqm) (‘000 sf) (years) (A$m) North American Industrial 844 44th Avenue, Phoenix Arizona Phoenix Distribution Centre 100 13.4 144.6 Sep 2004 8.4 Jun 2008 8.4 6.50 100 3.3 0.6 3802-3922 East University Drive, Phoenix Arizona Phoenix Business Park 100 10.2 109.7 Sep 2004 11.9 Jun 2008 11.9 6.50 80 1.9 0.4 431 North 47th Avenue, Phoenix Arizona Phoenix Distribution Centre 100 15.2 163.2 Sep 2004 9.2 Jun 2008 9.2 6.50 100 1.4 0.6 220 South 9th Street, Phoenix Arizona Phoenix Distribution Centre 100 8.3 89.4 Sep 2004 10.5 Jun 2008 10.5 6.50 100 3.8 0.6 1429-1439 South 40th Avenue, Phoenix Arizona Phoenix Distribution Centre 100 23.5 253.4 Sep 2004 15.1 Jun 2008 15.1 6.50 100 4.2 1.0 105-107 South 41st Avenue, Phoenix Arizona Phoenix Distribution Centre 100 35.8 385.2 Sep 2004 22.2 Jun 2008 21.4 6.50 75 0.7 1.0 601 South 55th Avenue, Phoenix Arizona Phoenix Distribution Centre 100 9.3 100.0 Sep 2004 5.9 Jun 2008 5.9 6.50 100 0.9 0.4 1000 South Priest Drive, Phoenix Arizona Phoenix Business Park 100 5.1 54.9 Sep 2004 6.2 Jun 2008 6.2 6.50 100 0.5 1858 East Encanto Drive, Tempe Arizona Phoenix Distribution Centre 100 7.6 81.8 Sep 2004 6.6 Jun 2008 6.6 6.50 100 2.4 0.4 1120-1150 West Alameda Drive, Tempe Arizona Phoenix Business Park 100 11.4 122.4 Sep 2004 10.4 Jun 2008 10.4 6.50 95 1.7 0.4 10397 West Van Buren Street, Tolleson Arizona Phoenix Distribution Centre 100 25.8 278.1 Sep 2004 15.4 Jun 202008 15.4 6.00 100 3.8 1.0 4190 East Santa Ana Street, Bloomington California Riverside Industrial Estate 100 9.2 98.8 Sep 2004 9.3 Jun 202008 9.3 5.50 100 3.6 0.5 14555 Alondra Boulevard, La Mirada California Los Angeles Distribution Centre 100 28.3 304.4 Sep 2004 24.4 Jun 2008 24.4 6.50 100 1.4 1.7 & 6530 Altura Boulevard, Buena Park 5823 Newton Drive, Carlsbad California San Diego Business Park 100 16.7 179.7 Sep 2004 24.0 Jun 2008 24.0 7.0 0 100 1.1 1.5 13602 12th Street, Chino California Riverside Distribution Centre 100 9.7 104.6 Sep 2004 9.7 Jun 2008 9.7 5.50 100 0.8 0.2 14489 Industry Circle, La Mirada California Los Angeles Distribution Centre 100 10.5 112.9 Sep 2004 12.5 Jun 2008 11.6 5.75 55 4.5 0.6 3550 Tyburn Street & 3332 3424 California Los Angeles Industrial Estate 100 41.9 451.4 Sep 2004 73.8 Jun 2008 73.8 5.75 99 3.7 4.5 N.San Fernando Road, Los Angeles 3590 De Forest Circle, Mira Loma California Riverside Distribution Centre 100 23.3 250.6 Sep 2004 20.8 Jun 2008 20.8 5.50 100 1.9 1.3 1450 E Francis Street, 4200 E Santa Ana Street, California Riverside Industrial Estate 100 53.1 571.8 Sep 2004 50.4 Jun 2008 50.4 5.50 97 1.4 2.9 1951 S Parco Street, 1401 E Cedar Street, 1777 Vintage Avenue, Ontario 3691 North Perris Boulevard, Perris4 California Riverside Warehouse 100 156.7 1686.6 Jan 2008 131.9 Jun 2008 131.9 6.50 100 9.6 4.2 12000 Jersey Court, Rancho Cucamonga California Riverside Distribution Centre 100 8.2 88.1 Sep 2004 7.7 Jun 2008 7.7 5.75 81 1.8 0.3 11653 6th Street, Santa Anita Avenue, California Riverside Industrial Estate 100 39.9 429.5 Sep 2004 37.9 Jun 2008 37.9 5.75 100 1.4 2.1 9357 Richmond Place, & 9371 Buffalo Avenue, Rancho Cucamonga 7510-7520 Airway Road, San Diego California San Diego Industrial Estate 100 11.2 120.8 Sep 2004 10.4 Jun 2008 10.4 7.0 0 100 2.2 1.1 Summit Oaks, Vanderbilt Way, Santa Clarita9, 11 California Los Angeles Office Park 92 Dec 2006 74.4 9210 San Fernando Road, Sun Valley California Los Angeles Industrial Estate 100 16.9 181.6 Sep 2004 26.0 Jun 2008 26.0 5.25 100 1.4 1.4 2210 Oak Ridge Way, Vista California San Diego Business Park 100 4.9 53.2 Sep 2004 6.7 Jun 2008 6.7 6.50 100 0.7 0.5 7500 Exchange Drive, Orlando Florida Orlando Industrial Estate 100 10.8 115.7 Sep 2004 7.4 Jun 2008 7.4 6.50 100 1.6 0.5 Orlando Central Park, 7600 Kingspointe Parkway, Florida Orlando Industrial Estate 100 118.4 1274.8 Sep 2004 76.3 Jun 2008 76.3 6.50 100 3.1 5.1 8259 Exchange Drive, 7451-7488 Brokerage Drive, 2900-2901 Titan Row, Orlando 13201 South Orange Avenue, Orlando Florida Orlando Distribution Centre 100 46.8 503.5 Jun 2007 30.6 Jun 2008 30.6 6.50 100 9.0 1.9 Turnpike Distribution Centre, 1580 NW 27th Avenue, Florida South Florida Distribution Centre 100 24.9 268.0 Sep 2005 29.9 Jun 2008 29.9 6.75 100 6.0 1.8 Pompano Beach Northpoint Business Park, 300-1400 Northpoint Florida South Florida Distribution Centre 100 13.7 147. 3 Sep 2004 21.3 Jun 2008 21.3 7.0 0 77 2.8 2.0 Parkway, West Palm Beach 3765 Atlanta Industrial Drive NW, Atlanta Georgia Atlanta Distribution Centre 100 15.0 162.0 Sep 2004 4.6 Jun 2008 4.6 7.5 0 100 2.3 0.3 1000-1200 Williams Street NW, Atlanta Georgia Atlanta Distribution Centre 100 19.4 208.3 Sep 2004 10.3 Jun 2008 10.3 7. 25 94 2.1 0.8

DEXUS property group PROPERTY SYNOPSIS 2008 7 SUMMARY OF PROPERTIES (continued)

Property address Location Metro area Building type Ownership Net lettable 100% Acquisition Book value at Independent Independent Market Leased Weighted Net Income at 30 June area adjusted US assets date 30 June 2008 valuation date valuation cap rate by area lease term 12 months to 2008 (%) for ownership lettable area (A$m) (A$m) (%) (%) by income 30 June 200810 (‘000 sqm) (‘000 sf) (years) (A$m) North American Industrial (continued) 300 Townpark Drive, Kennesaw Georgia Atlanta Business Park 100 11.3 121.4 Sep 2004 8.9 Jun 2008 8.9 6.75 95 1.4 0.7 7100 Highlands Parkway SE, Smyrna Georgia Atlanta Business Park 100 13.9 150.0 Sep 2004 13.4 Jun 2008 13.4 7.5 0 100 4.0 1.1 5111-5151 Royal Atlanta Drive, Tucker Georgia Atlanta Industrial Estate 100 12.5 134.2 Sep 2004 6.2 Jun 2008 6.2 7.75 96 2.0 0.4 850 E Devon Avenue, 1260 N Ellis Street, Ilinois Chicago Industrial/Warehouse 100 23.7 255.4 Dec 2007 30.6 Jun 2008 30.6 6.00 43 6.5 0.3 371 Meyer Road, Bensenville 1825 Airport Exchange Boulevard, Erlanger Kentucky Cincinnati Distribution Centre 100 6.3 67.7 Sep 2004 3.5 Jun 2008 3.5 8.50 51 3.2 0.1 3368-3372 Turfway Road, Erlanger Kentucky Cincinnati Industrial Estate 100 10.4 111.9 Sep 2004 5.3 Jun 2008 5.2 8.25 68 1.0 0.2 7453 Empire Drive, Florence Kentucky Cincinnati Distribution Centre 100 18.3 196.9 Sep 2004 7.0 Jun 2008 7.0 8.25 96 1.9 0.5 7930 & 7940 Kentucky Drive, Florence Kentucky Cincinnati Industrial Estate 100 32.3 3 47.4 Sep 2004 15.8 Jun 2008 15.8 7. 25 100 1.7 1.1 5-11 Spiral Drive, Florence Kentucky Cincinnati Business Park 100 5.8 61.9 Sep 2004 6.2 Jun 2008 6.2 7.75 94 5.0 0.5 1910 International Way, Hebron Kentucky Cincinnati Industrial Estate 100 27.9 300.0 Sep 2004 12.3 Jun 2008 12.3 7.0 0 100 6.3 1.0 Fort Holabird Industrial, 1811 & 1831 Portal Street, Maryland Baltimore Distribution Centre 100 16.0 172.4 Jun 2005 12.3 Jun 2008 12.3 7.0 0 90 1.1 0.8 & 6615 Tributary Street, Baltimore 9112 Guilford Road, Columbia, Maryland Baltimore Business Park 100 5.1 55.0 Sep 2004 9.6 Jun 2008 9.6 6.75 100 6.6 0.8 8350 & 8351 Bristol Court, Jessup Maryland Baltimore Distribution Centre 100 12.4 133.1 Sep 2004 12.5 Jun 2008 12.5 7.0 0 95 2.9 0.3 MD Wholesale Food Market, 7951 Ocean Avenue Maryland Baltimore Distribution Centre 100 42.2 453.9 Sep 2004 24.1 Jun 2008 23.6 7. 25 88 4.0 2.2 & 7970 Tarbay Drive, Jessup 8306 Patuxent Range Road & 8332 Bristol Court, Maryland Baltimore Business Park 100 14.1 151.9 Sep 2004 13.6 Jun 2008 13.6 7.0 0 100 2.1 0.6 Jessup 8155 Stayton Drive, Jessup Maryland Baltimore Industrial Estate 100 11.7 125.6 Sep 2004 9.0 Jun 2008 9.0 6.75 89 2.0 0.4 1015 & 1025 West Nursery Road, Linthicum Heights Maryland Baltimore Industrial Estate 100 8.2 88.1 Sep 2004 9.0 Jun 2008 9.0 6.75 100 3.5 0.5 Cabot Techs, 989-991 Corporate Boulevard, Maryland Baltimore Business Park 100 12.1 130.7 Sep 2004 30.6 Jun 2008 30.6 6.75 100 3.0 2.0 Linthicum Heights NE Baltimore, 21 & 23 Fontana Lane, Rosedale Maryland Baltimore Industrial Estate 100 10.1 108.8 Sep 2004 9.0 Jun 2008 9.0 6.75 100 2.8 0.6 10 Kenwood Circle, Franklin Massachusetts Boston Distribution Centre 100 14.2 153.4 Sep 2004 10.6 Jun 2008 10.6 7.75 80 7.1 0.9 Braemar Ridge, 7500 West 78th Street, Bloomington Minnesota Minneapolis Business Park 100 6.9 74.1 Nov 2005 5.4 Jun 2008 5.4 8.25 78 2.4 0.4 Brooklyn Park Interstate Center, 7700 68th Avenue, Minnesota Minneapolis Distribution Centre 100 8.5 91.7 Nov 2005 4.5 Jun 2008 4.5 8.00 25 1.4 0.1 Brooklyn Park Eagandale Business Campus, Minnesota Minneapolis Business Park 100 22.3 240.1 Nov 2005 16.1 Jun 2008 16.1 8.00 86 2.3 0.9 1285 & 1301 Corporate Centre Drive 1230 & 1270 Eagan Industrial Road, Eagan 7401 Cahill Road, Minneapolis Minnesota Minneapolis Industrial Estate 100 4.3 45.8 Sep 2004 3.3 Jun 2008 3.3 7.5 0 100 4.3 0.1 6105 Trenton Lane North, Minneapolis Minnesota Minneapolis Distribution Centre 100 11.3 122.0 Sep 2004 8.2 Jun 2008 8.2 7.0 0 100 9.3 0.6 8575 Monticello Lane, Osseo Minnesota Minneapolis Distribution Centre 100 3.6 39.1 Sep 2004 2.2 Jun 2008 2.2 7.75 100 2.5 0.2 2950 Lexington Avenue South, St Paul Minnesota Minneapolis Distribution Centre 100 17.1 184.4 Sep 2004 9.4 Jun 2008 8.7 8.00 67 2.2 0.6 2222-2298 Wooddale Drive, St Paul Minnesota Minneapolis Distribution Centre 100 29.8 321.1 Sep 2004 22.0 Jun 2008 22.0 7.5 0 95 3.4 1.6 9900 Brookford Street, Charlotte North Carolina Charlotte Distribution Centre 100 11.3 122.0 Sep 2004 4.6 Jun 2008 4.6 8.00 51 4.1 0.2 Commerce Park, 11517 Cordage Street North Carolina Charlotte Distribution Centre 100 17.9 192.6 Sep 2004 9.2 Jun 2008 9.2 7.0 0 90 1.9 0.7 & 10900 S Commerce Boulevard, Charlotte 3520-3600 Westinghouse Boulevard, Charlotte North Carolina Charlotte Distribution Centre 100 52.8 568.5 Sep 2004 25.7 Jun 2008 25.7 7.5 0 100 2.2 2.0 World Park, 9756 & 9842 International Boulevard, Ohio Cincinnati Distribution Centre 100 36.9 396.8 Sep 2004 13.2 Jun 2008 13.2 7.5 0 100 0.6 0.8 Cincinnati

8 DEXUS property group PROPERTY SYNOPSIS 2008 Property address Location Metro area Building type Ownership Net lettable 100% Acquisition Book value at Independent Independent Market Leased Weighted Net Income at 30 June area adjusted US assets date 30 June 2008 valuation date valuation cap rate by area lease term 12 months to 2008 (%) for ownership lettable area (A$m) (A$m) (%) (%) by income 30 June 200810 (‘000 sqm) (‘000 sf) (years) (A$m) North American Industrial (continued) 300 Townpark Drive, Kennesaw Georgia Atlanta Business Park 100 11.3 121.4 Sep 2004 8.9 Jun 2008 8.9 6.75 95 1.4 0.7 7100 Highlands Parkway SE, Smyrna Georgia Atlanta Business Park 100 13.9 150.0 Sep 2004 13.4 Jun 2008 13.4 7.5 0 100 4.0 1.1 5111-5151 Royal Atlanta Drive, Tucker Georgia Atlanta Industrial Estate 100 12.5 134.2 Sep 2004 6.2 Jun 2008 6.2 7.75 96 2.0 0.4 850 E Devon Avenue, 1260 N Ellis Street, Ilinois Chicago Industrial/Warehouse 100 23.7 255.4 Dec 2007 30.6 Jun 2008 30.6 6.00 43 6.5 0.3 371 Meyer Road, Bensenville 1825 Airport Exchange Boulevard, Erlanger Kentucky Cincinnati Distribution Centre 100 6.3 67.7 Sep 2004 3.5 Jun 2008 3.5 8.50 51 3.2 0.1 3368-3372 Turfway Road, Erlanger Kentucky Cincinnati Industrial Estate 100 10.4 111.9 Sep 2004 5.3 Jun 2008 5.2 8.25 68 1.0 0.2 7453 Empire Drive, Florence Kentucky Cincinnati Distribution Centre 100 18.3 196.9 Sep 2004 7.0 Jun 2008 7.0 8.25 96 1.9 0.5 7930 & 7940 Kentucky Drive, Florence Kentucky Cincinnati Industrial Estate 100 32.3 3 47.4 Sep 2004 15.8 Jun 2008 15.8 7. 25 100 1.7 1.1 5-11 Spiral Drive, Florence Kentucky Cincinnati Business Park 100 5.8 61.9 Sep 2004 6.2 Jun 2008 6.2 7.75 94 5.0 0.5 1910 International Way, Hebron Kentucky Cincinnati Industrial Estate 100 27.9 300.0 Sep 2004 12.3 Jun 2008 12.3 7.0 0 100 6.3 1.0 Fort Holabird Industrial, 1811 & 1831 Portal Street, Maryland Baltimore Distribution Centre 100 16.0 172.4 Jun 2005 12.3 Jun 2008 12.3 7.0 0 90 1.1 0.8 & 6615 Tributary Street, Baltimore 9112 Guilford Road, Columbia, Maryland Baltimore Business Park 100 5.1 55.0 Sep 2004 9.6 Jun 2008 9.6 6.75 100 6.6 0.8 8350 & 8351 Bristol Court, Jessup Maryland Baltimore Distribution Centre 100 12.4 133.1 Sep 2004 12.5 Jun 2008 12.5 7.0 0 95 2.9 0.3 MD Wholesale Food Market, 7951 Ocean Avenue Maryland Baltimore Distribution Centre 100 42.2 453.9 Sep 2004 24.1 Jun 2008 23.6 7. 25 88 4.0 2.2 & 7970 Tarbay Drive, Jessup 8306 Patuxent Range Road & 8332 Bristol Court, Maryland Baltimore Business Park 100 14.1 151.9 Sep 2004 13.6 Jun 2008 13.6 7.0 0 100 2.1 0.6 Jessup 8155 Stayton Drive, Jessup Maryland Baltimore Industrial Estate 100 11.7 125.6 Sep 2004 9.0 Jun 2008 9.0 6.75 89 2.0 0.4 1015 & 1025 West Nursery Road, Linthicum Heights Maryland Baltimore Industrial Estate 100 8.2 88.1 Sep 2004 9.0 Jun 2008 9.0 6.75 100 3.5 0.5 Cabot Techs, 989-991 Corporate Boulevard, Maryland Baltimore Business Park 100 12.1 130.7 Sep 2004 30.6 Jun 2008 30.6 6.75 100 3.0 2.0 Linthicum Heights NE Baltimore, 21 & 23 Fontana Lane, Rosedale Maryland Baltimore Industrial Estate 100 10.1 108.8 Sep 2004 9.0 Jun 2008 9.0 6.75 100 2.8 0.6 10 Kenwood Circle, Franklin Massachusetts Boston Distribution Centre 100 14.2 153.4 Sep 2004 10.6 Jun 2008 10.6 7.75 80 7.1 0.9 Braemar Ridge, 7500 West 78th Street, Bloomington Minnesota Minneapolis Business Park 100 6.9 74.1 Nov 2005 5.4 Jun 2008 5.4 8.25 78 2.4 0.4 Brooklyn Park Interstate Center, 7700 68th Avenue, Minnesota Minneapolis Distribution Centre 100 8.5 91.7 Nov 2005 4.5 Jun 2008 4.5 8.00 25 1.4 0.1 Brooklyn Park Eagandale Business Campus, Minnesota Minneapolis Business Park 100 22.3 240.1 Nov 2005 16.1 Jun 2008 16.1 8.00 86 2.3 0.9 1285 & 1301 Corporate Centre Drive 1230 & 1270 Eagan Industrial Road, Eagan 7401 Cahill Road, Minneapolis Minnesota Minneapolis Industrial Estate 100 4.3 45.8 Sep 2004 3.3 Jun 2008 3.3 7.5 0 100 4.3 0.1 6105 Trenton Lane North, Minneapolis Minnesota Minneapolis Distribution Centre 100 11.3 122.0 Sep 2004 8.2 Jun 2008 8.2 7.0 0 100 9.3 0.6 8575 Monticello Lane, Osseo Minnesota Minneapolis Distribution Centre 100 3.6 39.1 Sep 2004 2.2 Jun 2008 2.2 7.75 100 2.5 0.2 2950 Lexington Avenue South, St Paul Minnesota Minneapolis Distribution Centre 100 17.1 184.4 Sep 2004 9.4 Jun 2008 8.7 8.00 67 2.2 0.6 2222-2298 Wooddale Drive, St Paul Minnesota Minneapolis Distribution Centre 100 29.8 321.1 Sep 2004 22.0 Jun 2008 22.0 7.5 0 95 3.4 1.6 9900 Brookford Street, Charlotte North Carolina Charlotte Distribution Centre 100 11.3 122.0 Sep 2004 4.6 Jun 2008 4.6 8.00 51 4.1 0.2 Commerce Park, 11517 Cordage Street North Carolina Charlotte Distribution Centre 100 17.9 192.6 Sep 2004 9.2 Jun 2008 9.2 7.0 0 90 1.9 0.7 & 10900 S Commerce Boulevard, Charlotte 3520-3600 Westinghouse Boulevard, Charlotte North Carolina Charlotte Distribution Centre 100 52.8 568.5 Sep 2004 25.7 Jun 2008 25.7 7.5 0 100 2.2 2.0 World Park, 9756 & 9842 International Boulevard, Ohio Cincinnati Distribution Centre 100 36.9 396.8 Sep 2004 13.2 Jun 2008 13.2 7.5 0 100 0.6 0.8 Cincinnati

DEXUS property group PROPERTY SYNOPSIS 2008 9 SUMMARY OF PROPERTIES (continued)

Property address Location Metro area Building type Ownership Net lettable 100% Acquisition Book value at Independent Independent Market Leased Weighted Net Income at 30 June area adjusted US assets date 30 June 2008 valuation date valuation cap rate by area lease term 12 months to 2008 (%) for ownership lettable area (A$m) (A$m) (%) (%) by income 30 June 200810 (‘000 sqm) (‘000 sf) (years) (A$m) North American Industrial (continued) 10013-11093 Kenwood Road, Cincinnati Ohio Cincinnati Distribution Centre 100 71.5 770.1 Sep 2004 21.8 Jun 2008 21.8 7.5 0 94 2.7 1.7 4560 & 4570 Lake Forest Drive, Cincinnati Ohio Cincinnati Distribution Centre 100 38.9 419.0 Sep 2004 14.6 Jun 2008 14.6 7.5 0 90 2.7 1.1 4343 & 4401 Equity Drive, 1614-1634 & 1999 Ohio Columbus Industrial Estate 100 85.4 919.7 Sep 2004 41.6 Jun 2008 41.6 7.5 0 100 2.4 3.3 Westbelt Drive & 1901-1919 Dividend Drive, Columbus 2700 International Street, Columbus Ohio Columbus Industrial Estate 100 14.2 152.8 Sep 2004 5.2 Jun 2008 5.2 7.5 0 100 1.3 0.3 SE Columbus, 2550 John Glenn Avenue Ohio Columbus Distribution Centre 100 33.6 361.8 Sep 2004 12.2 Jun 2008 12.2 7.75 100 5.6 1.0 & 2626 Port Road, Columbus 3800 Twin Creeks Drive, Columbus Ohio Columbus Industrial Estate 100 16.4 176.0 Sep 2004 5.7 Jun 2008 5.7 7.5 0 100 2.1 0.4 124 Commerce Drive, Boulevard, Loveland Ohio Cincinnati Distribution Centre 100 3.2 34.6 Sep 2004 2.6 Jun 2008 2.6 7.5 0 100 2.6 0.2 Mechanicsburg, 5045 Ritter Road Pennsylvania Harrisburg Distribution Centre 100 35.1 377.8 Sep 2004 19.9 Jun 2008 19.9 7.5 0 100 6.4 1.6 & 201 Cumberland Parkway, Harrisburg 6350 & 6360 Brackbill Boulevard, Mechanicsburg Pennsylvania Harrisburg Distribution Centre 100 45.9 494.4 Sep 2004 21.6 Jun 2008 19.7 8.00 2.3 181 Fulling Mill Road, Middletown Pennsylvania Harrisburg Distribution Centre 100 17. 3 186.0 Sep 2004 10.1 Jun 2008 10.1 7.5 0 100 3.2 0.8 Memphis Industrial, 3965 Pilot Drive, Memphis Tennessee Memphis Distribution Centre 100 31.2 336.1 Sep 2004 6.4 Jun 2008 6.4 8.00 100 0.8 1.0 912 113th Street & Texas Dallas Business Park 100 12.1 130.6 Sep 2004 9.3 Jun 2008 9.3 7.5 0 100 2.8 0.8 2300 East Randoll Mill Road, Arlington 1413 Bradley Lane, Carrollton Texas Dallas Business Park 100 5.3 56.5 Sep 2004 2.8 Jun 2008 2.8 7.5 0 100 5.2 0.2 455 Airline Drive, Coppell Texas Dallas Industrial Estate 100 7.0 75.0 Sep 2004 3.5 Jun 2008 3.5 7.0 0 100 3.3 0.3 555 Airline Drive, Coppell Texas Dallas Industrial Estate 100 13.1 140.8 Sep 2004 6.6 Jun 2008 6.6 7.0 0 100 2.6 0.5 1900 Diplomat Drive, Dallas Texas Dallas Business Park 100 7.7 82.8 Sep 2004 4.3 Jun 2008 4.3 7.5 0 100 3.6 0.3 2055 Diplomat Drive, Dallas Texas Dallas Business Park 100 5.0 53.4 Sep 2004 3.0 Jun 2008 3.0 7.5 0 100 3.4 0.2 11411, 11460-11480 & 11550-11560 Texas Dallas Industrial Estate 100 23.0 247.9 Sep 2004 10.1 Jun 2008 10.1 7.5 0 84 3.3 0.6 Hillguard Road, Dallas CTC at Valwood, 13755 Hutton Drive, Dallas Texas Dallas Business Park 100 4.4 46.8 Sep 2004 4.2 Jun 2008 4.2 7.5 0 100 3.4 0.3 11011 Regency Crest Drive, Garland Texas Dallas Distribution Centre 100 16.4 176.6 Sep 2004 8.2 Jun 2008 8.2 7.0 0 100 3.1 0.4 Garland Jupiter, Garland5, 11 Texas Dallas Land 100 Jun 2006 3.7 – 0.1 Plano Parkway, Plano5, 11 Texas Dallas Land 100 Jun 2006 2.4 1800-1808 10th Street, Plano Texas Dallas Industrial Estate 100 19.2 206.9 Sep 2004 11.1 Jun 2008 11.1 7.5 0 88 5.4 0.5 820-860 F Avenue, Plano Texas Dallas Business Park 100 6.8 73.1 Sep 2004 6.2 Jun 2008 6.2 8.00 95 2.3 0.4 1600-1700 Capital Avenue, Plano Texas Dallas Industrial Estate 100 9.3 100.5 Sep 2004 6.5 Jun 2008 6.5 7.5 0 100 3.2 0.4 3601 East Plano Parkway & 1000 Shiloh Road, Plano Texas Dallas Industrial Estate 100 26.7 286.9 Sep 2004 18.4 Jun 2008 17.8 7.0 0 79 1.7 1.0 2701, 2801, 2805 East Plano Parkway Texas Dallas Industrial Estate 100 28.5 306.6 Sep 2004 25.5 Jun 2008 25.5 7.5 0 100 3.2 1.9 & 2700 Summit Avenue, Plano 885 East Collins Boulevard, Richardson Texas Dallas Business Park 100 5.2 56.5 Sep 2004 3.7 Jun 2008 3.7 8.00 75 2.9 0.2 Cornerstone Building, 5411 I-10 East Texas San Antonio Industrial/Warehouse 100 26.8 288.0 Aug 2007 13.9 Jun 2008 13.9 7.5 0 13 5.0 1.0 & 1228 Cornerway Boulevard, San Antonio 302-402 N Tayman Road, San Antonio Texas San Antonio Industrial/Warehouse 100 38.6 416.0 Aug/Oct 2007 19.8 Jun 2008 19.8 7.5 0 13 3.8 0.6 202 S Tayman Road, San Antonio11 Texas San Antonio Land 97 Nov 2007 3.7 1803 Grandstand Drive, San Antonio Texas San Antonio Industrial/Warehouse 100 12.4 133.5 Aug 2007 11.1 Jun 2008 11.1 7.5 0 72 6.6 0.9 8151-8161 Interchange Parkway, San Antonio Texas San Antonio Industrial/Warehouse 100 19.5 209.5 Jul 2007 16.1 Jun 2008 16.1 7.5 0 93 5.8 1.4 8171 Interchange Parkway, San Antonio11 Texas San Antonio Land 97 Jul 2007 1.4 8181 Interchange Parkway, San Antonio11 Texas San Antonio Land 97 Jul 2007 1.6

10 DEXUS property group PROPERTY SYNOPSIS 2008 Property address Location Metro area Building type Ownership Net lettable 100% Acquisition Book value at Independent Independent Market Leased Weighted Net Income at 30 June area adjusted US assets date 30 June 2008 valuation date valuation cap rate by area lease term 12 months to 2008 (%) for ownership lettable area (A$m) (A$m) (%) (%) by income 30 June 200810 (‘000 sqm) (‘000 sf) (years) (A$m) North American Industrial (continued) 10013-11093 Kenwood Road, Cincinnati Ohio Cincinnati Distribution Centre 100 71.5 770.1 Sep 2004 21.8 Jun 2008 21.8 7.5 0 94 2.7 1.7 4560 & 4570 Lake Forest Drive, Cincinnati Ohio Cincinnati Distribution Centre 100 38.9 419.0 Sep 2004 14.6 Jun 2008 14.6 7.5 0 90 2.7 1.1 4343 & 4401 Equity Drive, 1614-1634 & 1999 Ohio Columbus Industrial Estate 100 85.4 919.7 Sep 2004 41.6 Jun 2008 41.6 7.5 0 100 2.4 3.3 Westbelt Drive & 1901-1919 Dividend Drive, Columbus 2700 International Street, Columbus Ohio Columbus Industrial Estate 100 14.2 152.8 Sep 2004 5.2 Jun 2008 5.2 7.5 0 100 1.3 0.3 SE Columbus, 2550 John Glenn Avenue Ohio Columbus Distribution Centre 100 33.6 361.8 Sep 2004 12.2 Jun 2008 12.2 7.75 100 5.6 1.0 & 2626 Port Road, Columbus 3800 Twin Creeks Drive, Columbus Ohio Columbus Industrial Estate 100 16.4 176.0 Sep 2004 5.7 Jun 2008 5.7 7.5 0 100 2.1 0.4 124 Commerce Drive, Boulevard, Loveland Ohio Cincinnati Distribution Centre 100 3.2 34.6 Sep 2004 2.6 Jun 2008 2.6 7.5 0 100 2.6 0.2 Mechanicsburg, 5045 Ritter Road Pennsylvania Harrisburg Distribution Centre 100 35.1 377.8 Sep 2004 19.9 Jun 2008 19.9 7.5 0 100 6.4 1.6 & 201 Cumberland Parkway, Harrisburg 6350 & 6360 Brackbill Boulevard, Mechanicsburg Pennsylvania Harrisburg Distribution Centre 100 45.9 494.4 Sep 2004 21.6 Jun 2008 19.7 8.00 2.3 181 Fulling Mill Road, Middletown Pennsylvania Harrisburg Distribution Centre 100 17. 3 186.0 Sep 2004 10.1 Jun 2008 10.1 7.5 0 100 3.2 0.8 Memphis Industrial, 3965 Pilot Drive, Memphis Tennessee Memphis Distribution Centre 100 31.2 336.1 Sep 2004 6.4 Jun 2008 6.4 8.00 100 0.8 1.0 912 113th Street & Texas Dallas Business Park 100 12.1 130.6 Sep 2004 9.3 Jun 2008 9.3 7.5 0 100 2.8 0.8 2300 East Randoll Mill Road, Arlington 1413 Bradley Lane, Carrollton Texas Dallas Business Park 100 5.3 56.5 Sep 2004 2.8 Jun 2008 2.8 7.5 0 100 5.2 0.2 455 Airline Drive, Coppell Texas Dallas Industrial Estate 100 7.0 75.0 Sep 2004 3.5 Jun 2008 3.5 7.0 0 100 3.3 0.3 555 Airline Drive, Coppell Texas Dallas Industrial Estate 100 13.1 140.8 Sep 2004 6.6 Jun 2008 6.6 7.0 0 100 2.6 0.5 1900 Diplomat Drive, Dallas Texas Dallas Business Park 100 7.7 82.8 Sep 2004 4.3 Jun 2008 4.3 7.5 0 100 3.6 0.3 2055 Diplomat Drive, Dallas Texas Dallas Business Park 100 5.0 53.4 Sep 2004 3.0 Jun 2008 3.0 7.5 0 100 3.4 0.2 11411, 11460-11480 & 11550-11560 Texas Dallas Industrial Estate 100 23.0 247.9 Sep 2004 10.1 Jun 2008 10.1 7.5 0 84 3.3 0.6 Hillguard Road, Dallas CTC at Valwood, 13755 Hutton Drive, Dallas Texas Dallas Business Park 100 4.4 46.8 Sep 2004 4.2 Jun 2008 4.2 7.5 0 100 3.4 0.3 11011 Regency Crest Drive, Garland Texas Dallas Distribution Centre 100 16.4 176.6 Sep 2004 8.2 Jun 2008 8.2 7.0 0 100 3.1 0.4 Garland Jupiter, Garland5, 11 Texas Dallas Land 100 Jun 2006 3.7 – 0.1 Plano Parkway, Plano5, 11 Texas Dallas Land 100 Jun 2006 2.4 1800-1808 10th Street, Plano Texas Dallas Industrial Estate 100 19.2 206.9 Sep 2004 11.1 Jun 2008 11.1 7.5 0 88 5.4 0.5 820-860 F Avenue, Plano Texas Dallas Business Park 100 6.8 73.1 Sep 2004 6.2 Jun 2008 6.2 8.00 95 2.3 0.4 1600-1700 Capital Avenue, Plano Texas Dallas Industrial Estate 100 9.3 100.5 Sep 2004 6.5 Jun 2008 6.5 7.5 0 100 3.2 0.4 3601 East Plano Parkway & 1000 Shiloh Road, Plano Texas Dallas Industrial Estate 100 26.7 286.9 Sep 2004 18.4 Jun 2008 17.8 7.0 0 79 1.7 1.0 2701, 2801, 2805 East Plano Parkway Texas Dallas Industrial Estate 100 28.5 306.6 Sep 2004 25.5 Jun 2008 25.5 7.5 0 100 3.2 1.9 & 2700 Summit Avenue, Plano 885 East Collins Boulevard, Richardson Texas Dallas Business Park 100 5.2 56.5 Sep 2004 3.7 Jun 2008 3.7 8.00 75 2.9 0.2 Cornerstone Building, 5411 I-10 East Texas San Antonio Industrial/Warehouse 100 26.8 288.0 Aug 2007 13.9 Jun 2008 13.9 7.5 0 13 5.0 1.0 & 1228 Cornerway Boulevard, San Antonio 302-402 N Tayman Road, San Antonio Texas San Antonio Industrial/Warehouse 100 38.6 416.0 Aug/Oct 2007 19.8 Jun 2008 19.8 7.5 0 13 3.8 0.6 202 S Tayman Road, San Antonio11 Texas San Antonio Land 97 Nov 2007 3.7 1803 Grandstand Drive, San Antonio Texas San Antonio Industrial/Warehouse 100 12.4 133.5 Aug 2007 11.1 Jun 2008 11.1 7.5 0 72 6.6 0.9 8151-8161 Interchange Parkway, San Antonio Texas San Antonio Industrial/Warehouse 100 19.5 209.5 Jul 2007 16.1 Jun 2008 16.1 7.5 0 93 5.8 1.4 8171 Interchange Parkway, San Antonio11 Texas San Antonio Land 97 Jul 2007 1.4 8181 Interchange Parkway, San Antonio11 Texas San Antonio Land 97 Jul 2007 1.6

DEXUS property group PROPERTY SYNOPSIS 2008 11 SUMMARY OF PROPERTIES (continued)

12 DEXUS property group PROPERTY SYNOPSIS 2008 Property address Location Metro area Building type Ownership Net lettable 100% Acquisition Book value at Independent Independent Market Leased Weighted Net Income at 30 June area adjusted US assets date 30 June 2008 valuation date valuation cap rate by area lease term 12 months to 2008 (%) for ownership lettable area (A$m) (A$m) (%) (%) by income 30 June 200810 (‘000 sqm) (‘000 sf) (years) (A$m) North American Industrial (continued) 8191 Interchange Parkway, San Antonio11 Texas San Antonio Land 97 Jul 2007 1.6 Interchange North 1, 3003, Texas San Antonio Land 97 Jul 2007 3.3 3005 NE I-410 Loop, San Antonio11 Tri-County 2, Tri-County Parkway, Schertz11 Texas San Antonio Land 97 Jul 2007 2.0 Tri-County 5, Tri-County Parkway, Schertz11 Texas San Antonio Land 97 Jul 2007 1.0 Tri-County 6, Tri-County Parkway, Schertz11 Texas San Antonio Land 97 Jul 2007 1.6 850 North Lake Drive, Weatherford Texas Dallas Distribution Centre 100 21.4 230.4 Sep 2004 12.5 Jun 2008 12.5 7.0 0 100 7.9 1.1 300 & 405-444 Swann Avenue, 2402-2520 Oakville Virginia Northern Industrial Estate 100 40.9 440.5 Sep 2004 54.2 Jun 2008 53.1 7.5 0 89 4.0 4.2 Street & 2412-2610 Jefferson Davis Highway, Virginia Alexandria 326-446 Calvert Avenue Virginia Northern Industrial Estate 100 4.5 48.6 Sep 2004 5.1 Jun 2008 5.1 7. 25 86 1.8 0.3 & 401-403 Murry’s Avenue, Alexandria Virginia Beaumeade Telecom, 21561-21571 Virginia Northern Business Park 100 15.3 164.5 Sep 2004 45.7 Jun 2008 45.7 8.25 100 7.5 2.8 Beaumeade Circle, Ashburn Virginia Beaumeade, Ashburn5 Virginia Northern Land 100 Jun 2006 4.4 Virginia 44633-44645 Guilford Road Virginia Northern Business Park 100 16.5 177. 3 Sep 2004 22.2 Jun 2008 22.2 7.0 0 97 1.6 1.8 & 21641 Beaumeade Circle, Ashburn Virginia CTC at Dulles, 13555 EDS Drive, Herndon Virginia Northern Business Park 100 9.6 103.5 Sep 2004 30.6 Jun 2008 30.6 6.50 100 5.4 2.1 Virginia 45901-45905 Nokes Boulevard, Sterling Virginia Northern Business Park 100 15.5 167. 2 Sep 2004 48.2 Jun 2008 48.2 8.25 100 0.8 1.7 Virginia Atlantic Corporate Park, Sterling11 Virginia Northern Office Park 100 Jun 2006 34.6 Virginia Kent West Corporate Park, 21902 64th Avenue S, Kent Washington Seattle Industrial Estate 100 37.4 402.8 Sep 2004 36.4 Jun 2008 36.4 5.75 100 2.8 1.6 Riverbend Commerce Park, 8005 South 266th Street, Kent Washington Seattle Distribution Centre 100 8.6 92.4 Sep 2004 9.0 Jun 2008 9.0 6.50 100 4.0 0.7 Riverbend Commerce Park, 26507 79th Avenue Washington Seattle Business Park 100 3.3 35.9 Sep 2004 3.7 Jun 2008 3.7 5.75 100 4.1 0.2 South, Seattle 8574 Boston Chruch Road Milton4 Ontario Toronto Industrial/Warehouse 100 70.1 754.7 Dec 2007 70.3 Jun 2008 70.3 6.50 100 9.5 2.6

DEXUS property group PROPERTY SYNOPSIS 2008 13 SUMMARY OF PROPERTIES (continued)

Property address Location Metro area Building type Ownership at Net lettable area Acquisition Book value at Independent Independent Market Leased Weighted Net Income 30 June 2008 adjusted for date 30 June 2008 valuation date valuation cap rate by area lease term 12 months to (%) ownership (A$m) (A$m) (%) (%) by income 30 June 20087, 10 (‘000 sqm) (years) (A$m) French Industrial 21 rue du Chemin Blanc, 91160 Champlan Paris Paris Distribution Centre 100 20.0 Jul 2006 16.9 Jun 08 16.9 6.75 100 2.1 1.5 Zone industrielle Epône II, 78680 Epône Paris Paris Distribution Centre 100 11.3 Jul 2006 10.4 Jun 08 10.4 7.0 0 100 1.7 0.9 Servon 1, Route Nationale 19 L’Orme Rond, 77170 Servon Paris Paris Distribution Centre 100 27.4 Jul 2006 21.9 Jun 08 21.9 7.15 29 0.2 2.1 Servon 2, Route Nationale 19 L’Orme Rond, 77170 Servon Paris Paris Distribution Centre 100 8.7 Jul 2006 7.9 Jun 08 7.9 7.15 100 4.1 0.6 32 avenue de l’Océanie, 91140 Villejust Paris Paris Distribution Centre 100 15.9 Jul 2006 13.5 Jun 08 13.5 6.75 100 3.9 1.2 19 rue de Bretagne, 38070 Saint Quentin Fallavier Lyon Lyon Distribution Centre 100 27.4 Jul 2006 18.4 Jun 08 18.4 7.15 56 1.6 0.8 German Industrial Im Holderbusch 3, Sulmstraße, Ellhofen Baden – Ellhofen Distribution Centre 100 27.7 Jan 2007 23.4 Jun 08 23.4 6.75 100 5.0 1.7 Wurttemberg Schillerstraße 42, 42a, Bahnhofstraße 44, 50, Ellhofen Baden – Ellhofen Distribution Centre 100 20.5 Jan 2007 12.2 Jun 08 12.2 8.30 92 4.8 1.2 Wurttemberg Schillerstraße 51, Ellhofen Baden – Ellhofen Distribution Centre 100 19.2 Jan 2007 19.5 Jun 08 19.5 7. 20 100 5.0 1.4 Wurttemberg Im Steinbruch 4, 6, Knetzgau Bayern Knetzgau Distribution Centre 100 21.4 Jan 2007 17.5 Jun 08 17.5 7. 20 100 1.4 0.9 Bremer Ring & Hansestraße, Wustermark, Berlin Brandenburg Berlin Distribution Centre 100 10.1 Jan 2007 17.1 Jun 08 17.1 6.15 100 8.3 1.1 Nordstraße 1, Löbau Brandenburg Löbau Distribution Centre 100 9.0 Jan 2007 1.4 Jun 08 1.4 9.40 100 0.8 0.2 Im Gewerbegebiet 18, Friedewald Hesse Friedewald Distribution Centre 100 15.5 Jan 2007 6.6 Jun 08 6.6 7.6 0 53 0.3 0.3 Niedesheimer Straße 24, Worms Hesse Worms Distribution Centre 100 11.8 Jan 2007 6.6 Jun 08 6.6 7.8 0 100 1.5 0.8 Über der Dingelstelle, Langenweddingen Neidersachsen Langenweddingen Distribution Centre 100 26.3 Jan 2007 10.7 Jun 08 10.7 7. 3 0 85 2.6 0.7 Liverpooler Straße, Kopenhagener Straße, Osloer Nordrhein Duisburg Distribution Centre 100 27.1 Jan 2007 33.2 Jun 08 33.2 6.00 100 3.3 2.0 Straße, Friemersheim, Duisburg Westfalen Theodorstraße, Düsseldorf Nordrhein Düsseldorf Distribution Centre 100 13.8 Jun 2007 25.5 Jun 08 25.5 6.30 100 5.2 1.8 Westfalen Carl Leverkus Straße 3 5, Winkelsweg 182 184, Nordrhein Langenfeld Distribution Centre 100 25.4 Jan 2007 15.1 Jun 08 15.1 7.9 0 54 5.8 0.7 Langenfeld Westfalen Schneiderstraße 82, Langenfeld Nordrhein Langenfeld Distribution Centre 100 11.1 Jan 2007 8.8 Jun 08 8.8 7.9 0 100 3.5 0.6 Westfalen Former Straße 6, Unna Nordrhein Unna Distribution Centre 100 27.4 Jan 2007 27.3 Jun 08 27.3 6.90 100 5.5 1.4 Westfalen Australian Retail Westfield Whitford City Shopping Centre, Whitford WA North West Regional – Shopping 50 40.0 Oct 1984 280.0 Jun 07 277.0 5.8 100 4.5 15.4 Avenue & Lot 6 Endeavour Road, Hillarys Perth Centre/Bulky Goods Dec 1992

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 December 2007, 50 percent of the Coles Group facility at DEXUS Industrial Estate, Boundary Road, Laverton North was sold and is shown separately. 4 new acquisitions in the period to 30 June 2008. 5 vacant land. 6 dexus owns 76 percent of the Redwood Gardens Industrial Estate. The remaining 24 percent was sold as strata lots. 7 net income excludes assets sold during the year to 30 June 2008. 8 the five 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, Sydney development. 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 value contains PP&E values. All public car parking revenue is assumed to have an income expiry of 10 years.

14 DEXUS property group PROPERTY SYNOPSIS 2008 Property address Location Metro area Building type Ownership at Net lettable area Acquisition Book value at Independent Independent Market Leased Weighted Net Income 30 June 2008 adjusted for date 30 June 2008 valuation date valuation cap rate by area lease term 12 months to (%) ownership (A$m) (A$m) (%) (%) by income 30 June 20087, 10 (‘000 sqm) (years) (A$m) French Industrial 21 rue du Chemin Blanc, 91160 Champlan Paris Paris Distribution Centre 100 20.0 Jul 2006 16.9 Jun 08 16.9 6.75 100 2.1 1.5 Zone industrielle Epône II, 78680 Epône Paris Paris Distribution Centre 100 11.3 Jul 2006 10.4 Jun 08 10.4 7.0 0 100 1.7 0.9 Servon 1, Route Nationale 19 L’Orme Rond, 77170 Servon Paris Paris Distribution Centre 100 27.4 Jul 2006 21.9 Jun 08 21.9 7.15 29 0.2 2.1 Servon 2, Route Nationale 19 L’Orme Rond, 77170 Servon Paris Paris Distribution Centre 100 8.7 Jul 2006 7.9 Jun 08 7.9 7.15 100 4.1 0.6 32 avenue de l’Océanie, 91140 Villejust Paris Paris Distribution Centre 100 15.9 Jul 2006 13.5 Jun 08 13.5 6.75 100 3.9 1.2 19 rue de Bretagne, 38070 Saint Quentin Fallavier Lyon Lyon Distribution Centre 100 27.4 Jul 2006 18.4 Jun 08 18.4 7.15 56 1.6 0.8 German Industrial Im Holderbusch 3, Sulmstraße, Ellhofen Baden – Ellhofen Distribution Centre 100 27.7 Jan 2007 23.4 Jun 08 23.4 6.75 100 5.0 1.7 Wurttemberg Schillerstraße 42, 42a, Bahnhofstraße 44, 50, Ellhofen Baden – Ellhofen Distribution Centre 100 20.5 Jan 2007 12.2 Jun 08 12.2 8.30 92 4.8 1.2 Wurttemberg Schillerstraße 51, Ellhofen Baden – Ellhofen Distribution Centre 100 19.2 Jan 2007 19.5 Jun 08 19.5 7. 20 100 5.0 1.4 Wurttemberg Im Steinbruch 4, 6, Knetzgau Bayern Knetzgau Distribution Centre 100 21.4 Jan 2007 17.5 Jun 08 17.5 7. 20 100 1.4 0.9 Bremer Ring & Hansestraße, Wustermark, Berlin Brandenburg Berlin Distribution Centre 100 10.1 Jan 2007 17.1 Jun 08 17.1 6.15 100 8.3 1.1 Nordstraße 1, Löbau Brandenburg Löbau Distribution Centre 100 9.0 Jan 2007 1.4 Jun 08 1.4 9.40 100 0.8 0.2 Im Gewerbegebiet 18, Friedewald Hesse Friedewald Distribution Centre 100 15.5 Jan 2007 6.6 Jun 08 6.6 7.6 0 53 0.3 0.3 Niedesheimer Straße 24, Worms Hesse Worms Distribution Centre 100 11.8 Jan 2007 6.6 Jun 08 6.6 7.8 0 100 1.5 0.8 Über der Dingelstelle, Langenweddingen Neidersachsen Langenweddingen Distribution Centre 100 26.3 Jan 2007 10.7 Jun 08 10.7 7. 3 0 85 2.6 0.7 Liverpooler Straße, Kopenhagener Straße, Osloer Nordrhein Duisburg Distribution Centre 100 27.1 Jan 2007 33.2 Jun 08 33.2 6.00 100 3.3 2.0 Straße, Friemersheim, Duisburg Westfalen Theodorstraße, Düsseldorf Nordrhein Düsseldorf Distribution Centre 100 13.8 Jun 2007 25.5 Jun 08 25.5 6.30 100 5.2 1.8 Westfalen Carl Leverkus Straße 3 5, Winkelsweg 182 184, Nordrhein Langenfeld Distribution Centre 100 25.4 Jan 2007 15.1 Jun 08 15.1 7.9 0 54 5.8 0.7 Langenfeld Westfalen Schneiderstraße 82, Langenfeld Nordrhein Langenfeld Distribution Centre 100 11.1 Jan 2007 8.8 Jun 08 8.8 7.9 0 100 3.5 0.6 Westfalen Former Straße 6, Unna Nordrhein Unna Distribution Centre 100 27.4 Jan 2007 27.3 Jun 08 27.3 6.90 100 5.5 1.4 Westfalen Australian Retail Westfield Whitford City Shopping Centre, Whitford WA North West Regional – Shopping 50 40.0 Oct 1984 280.0 Jun 07 277.0 5.8 100 4.5 15.4 Avenue & Lot 6 Endeavour Road, Hillarys Perth Centre/Bulky Goods Dec 1992

DEXUS property group PROPERTY SYNOPSIS 2008 15 MAPS AUSTRALIA AND NEW ZEALAND property portfolio

Australia New Zealand Auckland Sydney Melbourne Perth office office office office 2 2 4 87,9 0 0m 2 2 19,800m 118,000m 47,20 0m 1.0% port/area 25.7% port/area 6.2% port/area 2.5% port/area $3,260m value $123m value $603m value $447m value 1.9% portfolio 50.0% portfolio 9.3% portfolio 6.9% portfolio 1 property 18 properties 6 properties 1 property industrial industrial industrial 2 458,200m 556,300m2 4,700m2 24.2% port/area 29.3% port/area 0.2% port/area $893m value $641m value $18m value 13.7% portfolio 9.8% portfolio 0.3% portfolio 24 properties 10 properties 1 property Canberra Brisbane retail 2 office 79,900m office 4.2% port/area 2 22,500 m 0m2 $280m value 1.2% port/area 0.0% port/area 4.3% portfolio $107m value $63m value 1 property 1.6% portfolio 1.0% portfolio 2 properties 1 property Adelaide industrial industrial 29,100 m2 72,100m2 1.5% port/area 3.8% port/area $59m value $26m value 0.9% portfolio 0.4% portfolio 2 properties 1 property

16 DEXUS property group PROPERTY SYNOPSIS 2008 australia

new zealand

industrial properties office properties retail properties

DEXUS property group PROPERTY SYNOPSIS 2008 17 MAPS (continued) north american property portfolio

united states canada Atlanta Cincinnati Memphis Riverside Toronto 775,900sf 2,706,300sf 336,100sf 3,230,000sf 754,700sf 3.2% port/area 11.3% port/area 1.4% port/area 13.5% port/area 100% port/area US$42m value US$99m value US$6m value US$258m value CAD$68m value 2.4% port/value 5.6% port/value 0.4% port/value 14.6% port/value 100% port/value 5 properties 10 properties 1 property 7 properties 1 property Baltimore Columbus Minneapolis San Antonio 1,419,500sf 1,610,300sf 1,118,300sf 1,047,000sf 5.9% port/area 6.7% port/area 4.7% port/area 4.4% port/area US$125m value US$62m value US$68m value US$74m value 7.1% port/value 3.5% port/value 3.9% port/value 4.2% port/value 9 properties 4 properties 8 properties 12 properties Boston Dallas Nth Virginia San Diego 153,400sf 2,271,300sf 1,101,600sf 353,700sf 0.6% port/area 9.5% port/area 4.6% port/area 1.5% port/area US$10m value US$137m value US$236m value US$40m value 0.6% port/value 7.8% por t / value 13.4% port/value 2.2% port/value 1 property 18 properties 8 properties 3 properties Charlotte Harrisburg Orlando Seattle 883,100sf 1,058,200sf 1,894,000sf 531,100sf 3.7% port/area 4.4% port/area 7.9% port/area 2.2% port/area US$38m value US$50m value US$110m value US$47m value 2.2% port/value 2.8% port/value 6.2% port/value 2.7% port/value 3 properties 3 properties 3 properties 3 properties Chicago Los Angeles Phoenix Sth Florida 255,400sf 1,050,300sf 1,782,700sf 415,300sf 1.1% port/area 4.4% port/area 7.4% port/area 1.7% port/area US$30m value US$167m value US$117m value US$49m value 1.7% port/value 9.5% port/value 6.6% port/value 2.8% port/value 1 property 5 properties 11 properties 2 properties

18 DEXUS property group PROPERTY SYNOPSIS 2008 united states of america and canada

DEXUS property group PROPERTY SYNOPSIS 2008 19 MAPS (continued) european portfolio

France Germany Paris Elhofen Langenweddingen Duisburg 83,300m2 67,4 0 0m 2 26,300m2 27,10 0m 2 22.1% port/area 17.9% port/area 7.0% port/area 7.2% port/area €43m value €34m value €7m value €20m value 22.5% portfolio 17.5% portfolio 3.4% portfolio 10.5% portfolio 5 properties 3 properties 1 property 1 property Lyon Friedewald Löbau Düsseldorf 27,4 0 0m 2 15,500m2 9,000m2 13,800m2 7.3% port/area 4.1% port/area 2.4% port/area 3.7% port/area €11m value €4m value €1m value €16m value 5.8% portfolio 2.1% portfolio 0.5% portfolio 8.1% portfolio 1 property 1 property 1 property 1 property Knetzgau Unna Berlin 21,400m2 27,4 0 0m 2 10,100m2 5.7% port/area 7.3% port/area 2.7% port/area €11m value €17m value €11m value 5.6% portfolio 8.7% portfolio 5.5% portfolio 1 property 1 property 1 property Langenfeld Worms 36,500m2 11,800m2 9.7% port/area 3.1% port/area €15m value €4m value 7.6% portfolio 2.1% portfolio 2 properties 1 property

20 DEXUS property group PROPERTY SYNOPSIS 2008 France and Germany

DEXUS property group PROPERTY SYNOPSIS 2008 21 office PORTFOLIO AUSTRALIA AND NEW ZEALAND

30 The Bond, Sydney

22 DEXUS property group PROPERTY SYNOPSIS 2008 Garema Court, 140-180 City Walk, 14 Moore Street, Canberra, ACT The Zenith, 821 Pacific Highway, Canberra, ACT Chatswood, NSW

Garema Court is located on City Walk, Civic, in The property is a 14-level office tower, which A twin-tower office complex, this property Canberra’s CBD, close to Canberra’s shopping was built in 1986. The building underwent a is located in the commercial precinct in precinct, bus interchange and major car parks. major refurbishment, which was completed Chatswood, between the Pacific Highway in February 2002. The property is located at and the North Shore railway line. The 14 Moore Street in the north-west quandrant towers each have 21 levels of A-grade office of Civic, which is the main financial precinct accommodation. There is also ground floor in Canberra and caters for both public and retail space, a 250 seat theatre and 5 levels of private sector tenants. basement parking.

Details Details Details Metro area Canberra CBD Metro area Canberra CBD Metro area Chatswood Building Type A Grade - office Building Type B Grade - office Building Type A Grade - office Title Leasehold Title Leasehold Title Freehold Ownership (%) 100 Ownership (%) 100 Ownership (%) 50 Co-Owner - Co-Owner - Co-Owner GPT Wholesale Office Fund Year Built 1997 Year Built 1986 Year Built 1987 Site Area (ha) 0.2 Site Area (ha) 0.2 Site Area (ha) 0.8 Lettable Area (‘000m2) 11.400 Lettable Area (‘000m2) 11.100 Lettable Area (‘000m2) 44.700 Typical Floor Area (m2) 1,625 Typical Floor Area (m2) 870 Typical Floor Area (m2) 1,050 Number of Buildings 1 Number of Buildings 1 Number of Buildings 1 Car Parking Spaces 68 Car Parking Spaces 63 Car Parking Spaces 799 Acquisition Date Aug-2000 Acquisition Date May-2002 Acquisition Date Dec-1998 Acquisition Price plus Additions (A$m) 44.0 Acquisition Price plus Additions (A$m) 37.7 Acquisition Price plus Additions (A$m) 108.4 Book Value (A$m) 60.0 Book Value (A$m) 46.5 Book Value (A$m) 130.0 Independent Valuation Date Jun-2008 Independent Valuation Date Dec-2007 Independent Valuation Date Jun-2007 Independent Valuation (A$m) 60.0 Independent Valuation (A$m) 49.5 Independent Valuation (A$m) 130.0 Market Cap Rate (%) 7.25 Market Cap Rate (%) 7.50 Market Cap Rate (%) 7.00 Average Net Passing Rent (A$/m2) 333.00 Average Net Passing Rent (A$/m2) 312.00 Average Net Passing Rent (A$/m2) 308.00 Average Net Market Rent (A$/m2) 377.00 Average Net Market Rent (A$/m2) 335.00 Average Net Market Rent (A$/m2) 384.57 Initial Yield (%) 7.29 Initial Yield (%) 8.18 Initial Yield (%) 7.96 Discount Rate (%) 8.25 Discount Rate (%) 8.75 Discount Rate (%) 8.75 Major Tenant commonwealth of Australia (DEWRSB) Major Tenant commonwealth of Australia (Comcare) Major Tenant Transport Infrastructure Leased By Area (%) 98 Leased By Area (%) 100 Development Corp Weighted Lease Term by Income (years) 3.0 Weighted Lease Term by Income (years) 4.1 Leased By Area (%) 81 Available (%) 5 Available (%) 0 Weighted Lease Term by Income (years) 3.2 Year 2009 (%) 5 Year 2009 (%) 1 Available (%) 21 Year 2010 (%) 0 Year 2010 (%) 0 Year 2009 (%) 10 Year 2011 (%) 5 Year 2011 (%) 0 Year 2010 (%) 18 Year 2012 (%) 85 Year 2012 (%) 11 Year 2011 (%) 2 Year 2013 (%) 0 Year 2013 (%) 88 Year 2012 (%) 11 Year 2014 (%) 0 Year 2014 (%) 0 Year 2013 (%) 13 Year 2015 (%) 0 Year 2015 (%) 0 Year 2014 (%) 12 Year 2016 (%) 0 Year 2016 (%) 0 Year 2015 (%) 4 Year 2017 (%) 0 Year 2017 (%) 0 Year 2016 (%) 2 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2017 (%) 0 Year 2018+ (%) 8

DEXUS property group PROPERTY SYNOPSIS 2008 23 Office Portfolio – Australia and New Zealand (continued)

11 Talavera Road, Macquarie 40-50 Talavera Road, Macquarie 144 Wicks Road, North Ryde, Park, NSW Park, NSW NSW

The property is located in the Macquarie Park 40-50 Talavera Road is a three-level office/ This 5.9ha development site, formerly the corridor approximately 10 kilometres north warehouse mixed building, with an approx. Peter Board High School, located in Macquarie of the Sydney CBD. The office park consists 50% office component. The building was Park in North Ryde is surrounded by Epping of 3 modern office buildings, with two street partially refurbished in 1997 and upgraded by Road, Wicks Road and Waterloo Road. The frontages (inclusive of a wide frontage to the Trust in 2007. The property is located at surrounding developments predominatly Lane Cove Road), the estate has a very good the corner of Talavera and Khartoum Roads in consist of high tech industrial and commercial exposure to passing traffic. The complex is North Ryde, NSW. It has four different access uses. Master planning of the site has also serviced by a childcare centre, gym and points, which provides further flexibility for commenced for a Campus Office estate. sporting facilities. individual tenancies.

Details Details Details Metro area North Ryde Metro area North Ryde Metro area North Ryde Building Type Office Park Building Type Business Park Building Type Land Title Freehold Title Freehold Title Freehold Ownership (%) 100 Ownership (%) 100 Ownership (%) 50 Co-Owner - Co-Owner - Co-Owner dexus Wholesale Property Fund Year Built 2000 Year Built 1974 Year Built - Site Area (ha) 3.6 Site Area (ha) 2.5 Site Area (ha) 5.9 Lettable Area (‘000m2) 36.200 Lettable Area (‘000m2) 12.900 Lettable Area (‘000m2) - Typical Floor Area (m2) - Typical Floor Area (m2) - Typical Floor Area (m2) - Number of Buildings 3 Number of Buildings 1 Number of Buildings - Car Parking Spaces 1,030 Car Parking Spaces 328 Car Parking Spaces - Acquisition Date Jun-2002 Acquisition Date Oct-2002 Acquisition Date Nov-2006 Acquisition Price plus Additions (A$m) 135.2 Acquisition Price plus Additions (A$m) 33.5 Acquisition Price plus Additions (A$m) - Book Value (A$m) 160.0 Book Value (A$m) 33.9 Book Value (A$m) 31.4 Independent Valuation Date Jun-2008 Independent Valuation Date Dec-2006 Independent Valuation Date - Independent Valuation (A$m) 160.0 Independent Valuation (A$m) 31.2 Independent Valuation (A$m) - Market Cap Rate (%) 7.00 Market Cap Rate (%) 7.50 Market Cap Rate (%) - Average Net Passing Rent (A$/m2) 275.00 Average Net Passing Rent (A$/m2) 272.30 Average Net Passing Rent (A$/m2) - Average Net Market Rent (A$/m2) 280.23 Average Net Market Rent (A$/m2) 255.85 Average Net Market Rent (A$/m2) - Initial Yield (%) 7.30 Initial Yield (%) 8.27 Initial Yield (%) - Discount Rate (%) 8.75 Discount Rate (%) 8.75 Discount Rate (%) - Major Tenant AC Nielson Holdings Pty Ltd Major Tenant BAE Systems Major Tenant - Leased By Area (%) 98 Leased By Area (%) 100 Leased By Area (%) - Weighted Lease Term by Income (years) 3.2 Weighted Lease Term by Income (years) 2.8 Weighted Lease Term by Income (years) - Available (%) 2 Available (%) 0 Available (%) 0 Year 2009 (%) 3 Year 2009 (%) 3 Year 2009 (%) 0 Year 2010 (%) 27 Year 2010 (%) 22 Year 2010 (%) 0 Year 2011 (%) 32 Year 2011 (%) 58 Year 2011 (%) 0 Year 2012 (%) 18 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 6 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 9 Year 2015 (%) 0 Year 2016 (%) 5 Year 2016 (%) 8 Year 2016 (%) 0 Year 2017 (%) 7 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

24 DEXUS property group PROPERTY SYNOPSIS 2008 Victoria Cross, 60 Miller Street, 130 George Street & 105 Phillip 1 Bligh Street, Sydney, NSW North Sydney, NSW Street, Parramatta, NSW

Victoria Cross is located in a prominent position A 16-level office tower of approximately This development site is the consolidation within the North Sydney CBD. The building 19,900 square metres. A major refurbishment of 5 adjoining assets being 2 & 4 O’Connell comprises 12 levels of office accommodation, of the property was completed in April 2006. Street, 1 & 9 Bligh Street and O’Connell House, ground and upper ground retail and three Initial works to to develop an additional office Sydney. DA has been approved for circa levels of basement parking for 180 vehicles. tower have commenced. The site has dual 42,000 square metres office tower. Construction is underway on a 5 story adjoining frontage and access to George and Phillip development, expanding the lower floors to Streets, which constitutes the primary office over 2000 square metres, with completion precinct in Parramatta. expected early 2009.

Details Details Details Metro area North Sydney Metro area Parramatta CBD Metro area Sydney CBD Building Type A Grade - office Building Type B Grade - office Building Type Premium Grade - office Title Freehold Title Freehold Title Freehold Ownership (%) 100 Ownership (%) 100 Ownership (%) 68.2 Co-Owner - Co-Owner - Co-Owner dexus Wholesale Property Fund Year Built 1987 Year Built 1984 Year Built - Site Area (ha) 0.4 Site Area (ha) 1.0 Site Area (ha) 0.3 Lettable Area (‘000m2) 14.800 Lettable Area (‘000m2) 19.900 Lettable Area (‘000m2) - Typical Floor Area (m2) 1,150 Typical Floor Area (m2) 1,440 Typical Floor Area (m2) - Number of Buildings 1 Number of Buildings 1 Number of Buildings - Car Parking Spaces 180 Car Parking Spaces 352 Car Parking Spaces - Acquisition Date Dec-1998 Acquisition Date May-1997 Acquisition Date - Acquisition Price plus Additions (A$m) 95.1 Acquisition Price plus Additions (A$m) 102.7 Acquisition Price plus Additions (A$m) - Book Value (A$m) 110.1 Book Value (A$m) 92.0 Book Value (A$m) 117.0 Independent Valuation Date Dec-2005 Independent Valuation Date Jun-2006 Independent Valuation Date - Independent Valuation (A$m) 90.0 Independent Valuation (A$m) 80.0 Independent Valuation (A$m) - Market Cap Rate (%) 6.75 Market Cap Rate (%) 7.25 Market Cap Rate (%) - Average Net Passing Rent (A$/m2) 411.00 Average Net Passing Rent (A$/m2) 268.00 Average Net Passing Rent (A$/m2) - Average Net Market Rent (A$/m2) 470.00 Average Net Market Rent (A$/m2) 283.24 Average Net Market Rent (A$/m2) - Initial Yield (%) 6.78 Initial Yield (%) 7.32 Initial Yield (%) - Discount Rate (%) 8.75 Discount Rate (%) 8.75 Discount Rate (%) - Major Tenant NDY Management Pty Ltd Major Tenant Commonwealth of Australia Major Tenant - Leased By Area (%) 96 (CSA/Medicare) Leased By Area (%) - Weighted Lease Term by Income (years) 3.9 Leased By Area (%) 100 Weighted Lease Term by Income (years) - Available (%) 4 Weighted Lease Term by Income (years) 5.0 Available (%) 0 Year 2009 (%) 16 Available (%) 0 Year 2009 (%) 0 Year 2010 (%) 3 Year 2009 (%) 0 Year 2010 (%) 0 Year 2011 (%) 23 Year 2010 (%) 36 Year 2011 (%) 0 Year 2012 (%) 15 Year 2011 (%) 0 Year 2012 (%) 0 Year 2013 (%) 0 Year 2012 (%) 2 Year 2013 (%) 0 Year 2014 (%) 2 Year 2013 (%) 1 Year 2014 (%) 0 Year 2015 (%) 34 Year 2014 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2016 (%) 61 Year 2017 (%) 0 Year 2018+ (%) 3 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 25 Office Portfolio – Australia and New Zealand (continued)

45 Clarence Street, Sydney, NSW 201-217 Elizabeth Street, Sydney, Governor Phillip & Macquarie NSW Tower Complex, 1 Farrer Place, Sydney, NSW

A modern A-grade office building located The building is a prominent A-grade 42-storey Governor Phillip Tower and Governor in the western corridor of the Sydney CBD office tower directly opposite Sydney’s Macquarie Tower are amongst Sydney’s overlooking Darling Harbour, this high Hyde Park. It comprises 34 levels of office leading premium grade office buildings. The rise building includes 28 levels of office accommodation, a lower ground plaza of retail complex consists of Governor Phillip Tower, accommodation and five levels of basement shops and two basement parking levels. Major a 64 level premium office building; Governor parking. Major upgrade works to the upper refurbishment of the asset occurred in 1994. Macquarie Tower, a 42 level premium office levels, lobby and lifts were completed in 2005. building; Phillip Street Terraces, five restored historic terraces; and nine levels of basement parking for 654 cars.

Details Details Details Metro area Sydney CBD Metro area Sydney CBD Metro area Sydney CBD Building Type A Grade - office Building Type A Grade - office Building Type Premium Grade - office Title Freehold Title Freehold Title Freehold Ownership (%) 100 Ownership (%) 50 Ownership (%) 50 Co-Owner - Co-Owner Perron Investments Co-Owner General Property Trust & Australian Prime Year Built 1990 Year Built 1993 Property Fund Site Area (ha) 0.4 Site Area (ha) 0.4 Year Built 1993 Lettable Area (‘000m2) 32.200 Lettable Area (‘000m2) 38.800 Site Area (ha) 0.6 2 Typical Floor Area (m2) 1,250 Typical Floor Area (m2) 1,085 Lettable Area (‘000m ) 86.900 2 Number of Buildings 1 Number of Buildings 1 Typical Floor Area (m ) 1,500 Car Parking Spaces 162 Car Parking Spaces 175 Number of Buildings 3 Acquisition Date Dec-1998 Acquisition Date Aug-2000 Car Parking Spaces 654 Acquisition Price plus Additions (A$m) 221.4 Acquisition Price plus Additions (A$m) 119.2 Acquisition Date Dec-1998 Book Value (A$m) 290.2 Book Value (A$m) 164.1 Acquisition Price plus Additions (A$m) 490.6 Independent Valuation Date Jun-2007 Independent Valuation Date Jun-2007 Book Value (A$m) 745.0 Independent Valuation (A$m) 265.0 Independent Valuation (A$m) 158.8 Independent Valuation Date Dec-2006 Market Cap Rate (%) 6.00 Market Cap Rate (%) 6.25 Independent Valuation (A$m) 638.8 Average Net Passing Rent (A$/m2) 473.00 Average Net Passing Rent (A$/m2) 465.33 Market Cap Rate (%) 5.32 2 Average Net Market Rent (A$/m2) 565.82 Average Net Market Rent (A$/m2) 544.05 Average Net Passing Rent (A$/m ) 817.00 2 Initial Yield (%) 5.68 Initial Yield (%) 6.09 Average Net Market Rent (A$/m ) 954.00 Discount Rate (%) 8.25 Discount Rate (%) 8.25 Initial Yield (%) 5.30 Major Tenant HBOS Australia Major Tenant State of NSW Discount Rate (%) 8.00 Leased By Area (%) 100 Leased By Area (%) 100 Major Tenant State of NSW (HMGMQE II) Weighted Lease Term by Income (years) 4.1 Weighted Lease Term by Income (years) 4.6 Leased By Area (%) 100 Available (%) 0 Available (%) 1 Weighted Lease Term by Income (years) 6.1 Year 2009 (%) 13 Year 2009 (%) 7 Available (%) 0 Year 2010 (%) 8 Year 2010 (%) 4 Year 2009 (%) 2 Year 2011 (%) 4 Year 2011 (%) 14 Year 2010 (%) 6 Year 2012 (%) 23 Year 2012 (%) 3 Year 2011 (%) 4 Year 2013 (%) 34 Year 2013 (%) 32 Year 2012 (%) 5 Year 2014 (%) 0 Year 2014 (%) 3 Year 2013 (%) 10 Year 2015 (%) 7 Year 2015 (%) 32 Year 2014 (%) 16 Year 2016 (%) 10 Year 2016 (%) 0 Year 2015 (%) 19 Year 2017 (%) 0 Year 2017 (%) 0 Year 2016 (%) 11 Year 2018+ (%) 0 Year 2018+ (%) 4 Year 2017 (%) 22 Year 2018+ (%) 6

26 DEXUS property group PROPERTY SYNOPSIS 2008 Australia Square Complex, 343 George Street, Sydney, NSW 30 The Bond, 30-34 Hickson 264-278 George Street, Sydney, Road, Sydney, NSW NSW

One of Sydney’s most enduring prime office Heritage listed commercial building comprising This contemporary office building was the properties, Australia Square is situated in the 11 office floors, ground floor retail and first in Australia to achieve a 5-star Australian heart of Sydney’s CBD. The complex comprises basement storage. The building is the head Building Greenhouse Rating. Located at Millers a 48-level circular Tower and the smaller office of DEXUS Property Group. Point, the building provides approximately 13-level Plaza building. The external Plaza 19,800 square metres of office space and courtyard is a feature of this landmark building. basement parking for 113 cars. The building Major upgrade works to the public areas and to features the very latest in environmental the Plaza building were completed in the first design, including chilled beam air-conditioning, half of 2004. a first for a office building in Australia.

Details Details Details Metro area Sydney CBD Metro area Sydney CBD Metro area Sydney CBD Building Type A Grade - office Building Type B Grade - office Building Type A Grade - office Title Freehold Title Freehold Title Freehold Ownership (%) 50 Ownership (%) 100 Ownership (%) 100 Co-Owner General Property Trust Co-Owner - Co-Owner - Year Built 1964 Year Built 1923 Year Built 2004 Site Area (ha) 0.6 Site Area (ha) 0.1 Site Area (ha) 0.4 Lettable Area (‘000m2) 52.700 Lettable Area (‘000m2) 9.400 Lettable Area (‘000m2) 19.800 Typical Floor Area (m2) 1,050 Typical Floor Area (m2) 940 Typical Floor Area (m2) 2,000 Number of Buildings 2 Number of Buildings 1 Number of Buildings 1 Car Parking Spaces 400 Car Parking Spaces - Car Parking Spaces 113 Acquisition Date Aug-2000 Acquisition Date Dec-2004 Acquisition Date May-2002 Acquisition Price plus Additions (A$m) 210.7 Acquisition Price plus Additions (A$m) - Acquisition Price plus Additions (A$m) 118.0 Book Value (A$m) 303.0 Book Value (A$m) 56.4 Book Value (A$m) 179.0 Independent Valuation Date Dec-2007 Independent Valuation Date Dec-2004 Independent Valuation Date Jun-2006 Independent Valuation (A$m) 312.5 Independent Valuation (A$m) 44.0 Independent Valuation (A$m) 150.0 Market Cap Rate (%) 5.75 Market Cap Rate (%) - Market Cap Rate (%) 6.00 Average Net Passing Rent (A$/m2) 575.00 Average Net Passing Rent (A$/m2) 308.00 Average Net Passing Rent (A$/m2) 477.48 Average Net Market Rent (A$/m2) 666.00 Average Net Market Rent (A$/m2) 469.00 Average Net Market Rent (A$/m2) 579.13 Initial Yield (%) 5.71 Initial Yield (%) - Initial Yield (%) 5.61 Discount Rate (%) 8.50 Discount Rate (%) - Discount Rate (%) 8.25 Major Tenant stats Management (HWL Ebsworth) Major Tenant DEXUS Property Group Major Tenant lend Lease Corporation Limited Leased By Area (%) 100 Leased By Area (%) 77 Leased By Area (%) 100 Weighted Lease Term by Income (years) 4.8 Weighted Lease Term by Income (years) 1.6 Weighted Lease Term by Income (years) 5.3 Available (%) 0 Available (%) 22 Available (%) 0 Year 2009 (%) 11 Year 2009 (%) 14 Year 2009 (%) 0 Year 2010 (%) 12 Year 2010 (%) 13 Year 2010 (%) 10 Year 2011 (%) 12 Year 2011 (%) 44 Year 2011 (%) 0 Year 2012 (%) 8 Year 2012 (%) 1 Year 2012 (%) 0 Year 2013 (%) 13 Year 2013 (%) 4 Year 2013 (%) 0 Year 2014 (%) 9 Year 2014 (%) 1 Year 2014 (%) 90 Year 2015 (%) 11 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 8 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 1 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 14 Year 2018+ (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 27 Office Portfolio – Australia and New Zealand (continued)

309-321 Kent Street, Sydney, NSW 383-395 Kent Street, Sydney, NSW One Margaret Street, Sydney, NSW

A two-office tower complex located in A 14-level A-Grade office tower which was One Margaret Street is located in the western the western corridor of the Sydney CBD completed in May 2002. The tower was corridor of the Sydney CBD overlooking Darling overlooking Darling Harbour. The complex constructed above the Trust’s car park. Harbour. The building includes 18 levels of comprises a combined 36 levels of office 383 Kent Street is located along the western A-grade office accommodation and three levels accommodation, with 19 levels in 321 Kent corridor of Sydney and has dual frontage to of car parking for 103 vehicles. The building Street and 17 levels in Lumely House (309 Kent and Sussex Streets. was completely refurbished in 2002. Kent Street), a ground level retail plaza and five levels of basement parking for 497 vehicles.

Details Details Details Metro area Sydney CBD Metro area Sydney CBD Metro area Sydney CBD Building Type A Grade - office Building Type A Grade - office Building Type A Grade - office Title Freehold Title Freehold Title Freehold Ownership (%) 50 Ownership (%) 100 Ownership (%) 100 Co-Owner AMP Co-Owner - Co-Owner - Year Built 1976 Year Built 2002 Year Built 1984 Site Area (ha) 0.6 Site Area (ha) 0.4 Site Area (ha) 0.2 Lettable Area (‘000m2) 47.100 Lettable Area (‘000m2) 18.100 Lettable Area (‘000m2) 20.600 Typical Floor Area (m2) 1,065 Typical Floor Area (m2) 1,577 Typical Floor Area (m2) 1,000 Number of Buildings 2 Number of Buildings 1 Number of Buildings 1 Car Parking Spaces 497 Car Parking Spaces 55 Car Parking Spaces 103 Acquisition Date Dec-1998 Acquisition Date Sep-1987 Acquisition Date Dec-1998 Acquisition Price plus Additions (A$m) 170.3 Acquisition Price plus Additions (A$m) 106.6 Acquisition Price plus Additions (A$m) 144.1 Book Value (A$m) 210.5 Book Value (A$m) 153.0 Book Value (A$m) 194.0 Independent Valuation Date Dec-2006 Independent Valuation Date Jun-2008 Independent Valuation Date Dec-2007 Independent Valuation (A$m) 183.5 Independent Valuation (A$m) 153.0 Independent Valuation (A$m) 200.0 Market Cap Rate (%) 6.08 Market Cap Rate (%) 6.00 Market Cap Rate (%) 6.00 Average Net Passing Rent (A$/m2) 457.00 Average Net Passing Rent (A$/m2) 458.00 Average Net Passing Rent (A$/m2) 494.70 Average Net Market Rent (A$/m2) 524.00 Average Net Market Rent (A$/m2) 517.50 Average Net Market Rent (A$/m2) 566.93 Initial Yield (%) 6.03 Initial Yield (%) 5.56 Initial Yield (%) 5.83 Discount Rate (%) 8.25 Discount Rate (%) 8.25 Discount Rate (%) 8.25 Major Tenant Sparke Helmore Major Tenant Grant Thorton Major Tenant credit Union Services Corporation Leased By Area (%) 98 Leased By Area (%) 100 (Australia) Limited Weighted Lease Term by Income (years) 6.4 Weighted Lease Term by Income (years) 3.6 Leased By Area (%) 98 Available (%) 2 Available (%) 0 Weighted Lease Term by Income (years) 5.2 Year 2009 (%) 6 Year 2009 (%) 2 Available (%) 1 Year 2010 (%) 5 Year 2010 (%) 40 Year 2009 (%) 4 Year 2011 (%) 8 Year 2011 (%) 5 Year 2010 (%) 3 Year 2012 (%) 1 Year 2012 (%) 2 Year 2011 (%) 13 Year 2013 (%) 18 Year 2013 (%) 35 Year 2012 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2013 (%) 23 Year 2015 (%) 2 Year 2015 (%) 16 Year 2014 (%) 17 Year 2016 (%) 25 Year 2016 (%) 1 Year 2015 (%) 19 Year 2017 (%) 20 Year 2017 (%) 0 Year 2016 (%) 11 Year 2018+ (%) 13 Year 2018+ (%) 0 Year 2017 (%) 8 Year 2018+ (%) 0

28 DEXUS property group PROPERTY SYNOPSIS 2008 44 Market Street, Sydney, NSW 123 Albert Street, Brisbane, QLD Flinders Gate Complex, 172 Flinders Street and 189 Flinders Lane, Melbourne, VIC

A 26-level freestanding office tower. The A 31-level, 38,600 square metre A-grade office Flinders Gate comprises two small boutique building is of A-Grade standing following a tower under construction has been designed to office buildings totalling around 9,000 square substantial upgrade in 1996. It is located along achieve a 6 Star Green Star rating and a metres. They have undergone progressive the western corridor of the Sydney CBD at the 5 star Australian Building Greenhouse Rating. refurbishment since their acquisition by the corner of Market, York and Clarence Streets. Comprising of 23 levels of office space, eight Trust in 1999. The buildings are located close levels of car parking (five above ground) with to Flinders Street Station, Swanston Street and, low rise floors of about 1,570 square metres in the case of 172 Flinders Street, opposite and high rise floors up to 1,630 square metres. Federation Square.

Details Details Details Metro area Sydney CBD Metro area Brisbane CBD Metro area Melbourne CBD Building Type A Grade - office Building Type Premium Grade - office Building Type B Grade - office Title Freehold Title Freehold Title Freehold Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Year Built 1978 Year Built - Year Built 1920 Site Area (ha) 0.3 Site Area (ha) - Site Area (ha) 0.4 Lettable Area (‘000m2) 30.200 Lettable Area (‘000m2) - Lettable Area (‘000m2) 8.700 Typical Floor Area (m2) 1,000 Typical Floor Area (m2) - Typical Floor Area (m2) 710 Number of Buildings 1 Number of Buildings - Number of Buildings 2 Car Parking Spaces 138 Car Parking Spaces - Car Parking Spaces - Acquisition Date Sep-1987 Acquisition Date Oct-1984 Acquisition Date Mar-1999 Acquisition Price plus Additions (A$m) 180.2 Acquisition Price plus Additions (A$m) - Acquisition Price plus Additions (A$m) 15.6 Book Value (A$m) 225.0 Book Value (A$m) 62.6 Book Value (A$m) 21.3 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2006 Independent Valuation Date Jun-2006 Independent Valuation (A$m) 225.0 Independent Valuation (A$m) 38.5 Independent Valuation (A$m) 18.0 Market Cap Rate (%) 6.25 Market Cap Rate (%) - Market Cap Rate (%) 7.75 Average Net Passing Rent (A$/m2) 453.74 Average Net Passing Rent (A$/m2) - Average Net Passing Rent (A$/m2) 218.00 Average Net Market Rent (A$/m2) 518.75 Average Net Market Rent (A$/m2) - Average Net Market Rent (A$/m2) 216.00 Initial Yield (%) 5.90 Initial Yield (%) - Initial Yield (%) 8.77 Discount Rate (%) 8.25 Discount Rate (%) - Discount Rate (%) 9.25 Major Tenant Maunsell Australia Major Tenant Rio Tinto Major Tenant state of Victoria (Film Victoria) Leased By Area (%) 93 Leased By Area (%) - Leased By Area (%) 87 Weighted Lease Term by Income (years) 3.2 Weighted Lease Term by Income (years) - Weighted Lease Term by Income (years) 2.8 Available (%) 8 Available (%) 0 Available (%) 13 Year 2009 (%) 13 Year 2009 (%) 0 Year 2009 (%) 9 Year 2010 (%) 19 Year 2010 (%) 0 Year 2010 (%) 12 Year 2011 (%) 19 Year 2011 (%) 0 Year 2011 (%) 5 Year 2012 (%) 11 Year 2012 (%) 0 Year 2012 (%) 25 Year 2013 (%) 7 Year 2013 (%) 0 Year 2013 (%) 35 Year 2014 (%) 7 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 5 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 4 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 7 Year 2018+ (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 29 Office Portfolio – Australia and New Zealand (continued)

8 Nicholson Street, Melbourne, VIC Southgate Complex, 3 Southgate Woodside Plaza, 240 St Georges Avenue, Southbank, VIC Terrace, Perth, WA

A freestanding 18-level office tower with 3 The Southgate Complex is one of Melbourne’s Woodside Plaza is Perth’s newest premium- levels of basement parking. It is located on the most prestigious commercial and retail grade office building, located in a prime eastern edge of the Melbourne CBD close to properties, located on the banks of the Yarra position along the northern side of St Georges Parliament Station. The property is located in a River in the Southbank arts leisure precinct of Terrace. The building comprises over State/Federal Government precinct. Melbourne. The complex comprises two high- 47,000 square metres of office space over quality office towers, IBM and HWT, a three 24 levels, a ground floor retail arcade and level retail plaza and a large underground car basement parking for 247 cars. park for 1,041 vehicles.

Details Details Details Metro area Melbourne CBD Metro area Melbourne CBD Metro area Perth CBD Building Type A Grade - office Building Type A Grade - office Building Type Premium Grade - office Title Freehold Title Freehold Title Freehold Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Year Built 1991 Year Built 1992 Year Built 2003 Site Area (ha) 0.3 Site Area (ha) 2.1 Site Area (ha) 0.6 Lettable Area (‘000m2) 23.500 Lettable Area (‘000m2) 76.000 Lettable Area (‘000m2) 47.200 Typical Floor Area (m2) 1,650 Typical Floor Area (m2) 1,250 Typical Floor Area (m2) 2,000 Number of Buildings 1 Number of Buildings 3 Number of Buildings 1 Car Parking Spaces 91 Car Parking Spaces 1,041 Car Parking Spaces 247 Acquisition Date Nov-1993 Acquisition Date Aug-2000 Acquisition Date Jan-2001 Acquisition Price plus Additions (A$m) 69.8 Acquisition Price plus Additions (A$m) 363.6 Acquisition Price plus Additions (A$m) 240.1 Book Value (A$m) 99.0 Book Value (A$m) 370.0 Book Value (A$m) 446.5 Independent Valuation Date Dec-2007 Independent Valuation Date Jun-2007 Independent Valuation Date Jun-2008 Independent Valuation (A$m) 106.5 Independent Valuation (A$m) 380.0 Independent Valuation (A$m) 446.2 Market Cap Rate (%) 7.00 Market Cap Rate (%) 7.00 Market Cap Rate (%) 6.25 Average Net Passing Rent (A$/m2) 316.86 Average Net Passing Rent (A$/m2) 375.00 Average Net Passing Rent (A$/m2) 421.76 Average Net Market Rent (A$/m2) 315.72 Average Net Market Rent (A$/m2) 362.00 Average Net Market Rent (A$/m2) 767.85 Initial Yield (%) 7.94 Initial Yield (%) 7.77 Initial Yield (%) 4.72 Discount Rate (%) 8.50 Discount Rate (%) 8.75 Discount Rate (%) 8.75 Major Tenant State of Victoria Major Tenant IBM Australia Limited Major Tenant woodside Energy Corporation Limited Leased By Area (%) 100 Leased By Area (%) 99 Leased By Area (%) 100 Weighted Lease Term by Income (years) 5.0 Weighted Lease Term by Income (years) 6.5 Weighted Lease Term by Income (years) 8.8 Available (%) 0 Available (%) 1 Available (%) 0 Year 2009 (%) 0 Year 2009 (%) 19 Year 2009 (%) 1 Year 2010 (%) 0 Year 2010 (%) 1 Year 2010 (%) 5 Year 2011 (%) 0 Year 2011 (%) 5 Year 2011 (%) 1 Year 2012 (%) 0 Year 2012 (%) 7 Year 2012 (%) 0 Year 2013 (%) 100 Year 2013 (%) 3 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 3 Year 2014 (%) 14 Year 2015 (%) 0 Year 2015 (%) 1 Year 2015 (%) 9 Year 2016 (%) 0 Year 2016 (%) 31 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 29 Year 2018+ (%) 70

30 DEXUS property group PROPERTY SYNOPSIS 2008 Lumley Centre, 88 Shortland Street, Auckland

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.

Details Metro area Auckland CBD Building Type Premium Grade - office Title Freehold Ownership (%) 100 Co-Owner - Year Built 2005 Site Area (ha) 0.5 Lettable Area (‘000m2) 19.800 Typical Floor Area (m2) 1,315 Number of Buildings 1 Car Parking Spaces 194 Acquisition Date Aug-2004 Acquisition Price plus Additions (NZ$m) 113.1 Book Value (NZ$m) 155.0 Independent Valuation Date Jun-2008 Independent Valuation (NZ$m) 155.0 Market Cap Rate (%) 7.00 Average Net Passing Rent (NZ$/m2) 386.07 Average Net Market Rent (NZ$/m2) 483.77 Initial Yield (%) 5.82 Discount Rate (%) 9.25 Major Tenant Simpson Grierson Leased by Area (%) 100 Weighted Lease Term by Income (years) 7.7 Available (%) 0 Year 2009 (%) 0 Year 2010 (%) 0 Year 2011 (%) 0 Year 2012 (%) 3 Year 2013 (%) 0 Year 2014 (%) 0 Year 2015 (%) 28 Year 2016 (%) 26 Year 2017 (%) 0 Year 2018+ (%) 43

DEXUS property group PROPERTY SYNOPSIS 2008 31 CARPARK PORTFOLIO AUSTRALIA

383–395 Kent Street, Sydney

32 DEXUS property group PROPERTY SYNOPSIS 2008 383-395 Kent Street, Sydney, NSW 32-44 Flinders Street, Melbourne, Flinders Gate Complex, 172 VIC Flinders Street, Melbourne, VIC

A 785 bay car park below an 18,000 square A 530 bay car park built over 10 levels, which A 1,077 bay car park attached to two small metre office tower, which is also owned by was constructed in 1998. It services residential office buildings also owned by the Trust. It the Trust and was completed in May 2002. and office patrons, as well as entertainment, is located centrally in the Melbourne CBD It is located along the western corridor of the including the MCG, Melbourne Park and diagonally opposite Flinders Street Railway Sydney CBD and has dual street frontage with Federation Square. Located at the “Paris” end Station and directly opposite Federation Kent and Sussex Streets. of Flinders Street with dual access to Flinders Square. Lane.

Details Details Details Metro area Sydney CBD Metro area Melbourne CBD Metro area Melbourne CBD Building Type Car park Building Type Car park Building Type Car park Title Freehold Title Freehold Title Freehold Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Zoning City Centre Zoning Capital City Zone 1 Zoning Capital City Zone 1 Year Built 1977 Year Built 1998 Year Built 1998 Lettable Area (‘000m2) 3.600 Lettable Area (‘000m2) 2.100 Lettable Area (‘000m2) 4.200 Car Parking Spaces 785 Car Parking Spaces 530 Car Parking Spaces 1,077 Acquisition Date Sep-1987 Acquisition Date Jun-1998 Acquisition Date Mar-1999 Acquisition Price plus Additions (A$m) 30.3 Acquisition Price plus Additions (A$m) 21.3 Acquisition Price plus Additions (A$m) 47.3 Book Value (A$m) 65.0 Book Value (A$m) 32.6 Book Value (A$m) 39.3 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2006 Independent Valuation Date Jun-2006 Independent Valuation (A$m) 65.0 Independent Valuation (A$m) 32.5 Independent Valuation (A$m) 39.0 Market Cap Rate (%) 6.75 Market Cap Rate (%) 7.75 Market Cap Rate (%) 7.75 Average Net Passing Rent (A$/m2) - Average Net Passing Rent (A$/m2) - Average Net Passing Rent (A$/m2) - Average Net Market Rent (A$/m2) - Average Net Market Rent (A$/m2) - Average Net Market Rent (A$/m2) - Initial Yield (%) 6.84 Initial Yield (%) 6.90 Initial Yield (%) 9.79 Discount Rate (%) 8.50 Discount Rate (%) 9.25 Discount Rate (%) 9.25 Major Tenant S&K Parking Major Tenant Wilson Parking Major Tenant S&K Parking Leased By Area (%) 100 Leased By Area (%) 100 Leased By Area (%) 100 Weighted Lease Term by Income (years) 10.0 Weighted Lease Term by Income (years) 9.6 Weighted Lease Term by Income (years) 10.0 Available (%) 0 Available (%) 0 Available (%) 0 Year 2009 (%) 0 Year 2009 (%) 2 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 1 Year 2010 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 100 Year 2018+ (%) 98 Year 2018+ (%) 100

DEXUS property group PROPERTY SYNOPSIS 2008 33 Car Park Portfolio – Australia (continued)

34-60 Little Collins Street, Melbourne, VIC

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.

Details Metro area Melbourne CBD Building Type Car park Title Leasehold Ownership (%) 100 Zoning Capital City Zone Year Built 1965 Lettable Area (‘000m2) 3.500 Car Parking Spaces 960 Acquisition Date Nov-1984 Acquisition Price plus Additions (A$m) 16.2 Book Value (A$m) 41.0 Independent Valuation Date Jun-2006 Independent Valuation (A$m) 37.5 Market Cap Rate (%) 8.50 Average Net Passing Rent (A$/m2) - Average Net Market Rent (A$/m2) - Initial Yield (%) 8.06 Discount Rate (%) 9.50 Major Tenant S&K Parking Leased By Area (%) 100 Weighted Lease Term by Income (years) 9.8 Available (%) 0 Year 2009 (%) 2 Year 2010 (%) 0 Year 2011 (%) 0 Year 2012 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 98

34 DEXUS property group PROPERTY SYNOPSIS 2008 INDUSTRiaL PORTFOLIO AUSTRALIA

Pound Road West, Dandenong

DEXUS property group PROPERTY SYNOPSIS 2008 35 Industrial Portfolio – Australia (continued)

52 Holbeche Road, Arndell Park, 79-97 St Hilliers Road, Auburn, 3 Brookhollow Avenue, Baulkham NSW NSW Hills, NSW

The property is located at the intersection of St Hilliers Estate is situated on the north Norwest Business Park is one of Australia’s Holbeche Road and Martha Street at Arndell eastern side of Parramatta Rd and St Hilliers leading technology and business parks and Park, an established industrial suburb located Rd at Auburn, approximately 20 kilometres provides campus style office, high-technology along the M4 corridor within western Sydney. west of the Sydney CBD and four kilometres and manufacturing/production facilities within Arndell Park is approximately 10 kilometres south-east of the Parramatta CBD. Entry and proximity to the M2 Motorway, providing rapid west of Parramatta and 35 kilometres from the exit points to the M4 Motorway are situated access to the Sydney CBD. It has extensive Sydney CBD. 400 metres to the north. frontage to both Norwest Boulevard and Brookhollow Avenue

Details Details Details Metro area Sydney, Outer West Metro area Sydney, Inner West Metro area Sydney, Outer West Building Type Distribution Centre Building Type Business Park Building Type Business Park Title Freehold Title Freehold Title Freehold Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Zoning General Industrial 4(a) Zoning Industrial Enterprise Zone 4(c) Zoning Employment area 10(a) Year Built 1999 Year Built 1989 Year Built 1995 Site Area (ha) 1.9 Site Area (ha) 3.5 Site Area (ha) 5.2 Lettable Area (‘000m2) 9.600 Lettable Area (‘000m2) 25.800 Lettable Area (‘000m2) 13.400 Site Coverage (%) 52 Site Coverage (%) 74 Site Coverage (%) 26 Number of Buildings 1 Number of Buildings 2 Number of Buildings 1 Number of Units 1 Number of Units 13 Number of Units 1 Average Unit Size (‘000m2) 9.628 Average Unit Size (‘000m2) 1.982 Average Unit Size (‘000m2) 13.422 Office Content (%) 6 Office Content (%) 43 Office Content (%) 100 Car Parking Spaces 54 Car Parking Spaces 466 Car Parking Spaces 163 Acquisition Date Jul-1998 Acquisition Date Sep-1997 Acquisition Date Dec-2002 Acquisition Price plus Additions (A$m) 11.4 Acquisition Price plus Additions (A$m) 38.6 Acquisition Price plus Additions (A$m) 34.6 Book Value (A$m) 13.5 Book Value (A$m) 47.3 Book Value (A$m) 54.8 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2007 Independent Valuation Date Jun-2008 Independent Valuation (A$m) 13.5 Independent Valuation (A$m) 45.3 Independent Valuation (A$m) 54.8 Market Cap Rate (%) 7.25 Market Cap Rate (%) 7.25 Market Cap Rate (%) 7.50 Average Net Passing Rent (A$/m2) 114.63 Average Net Passing Rent (A$/m2) 144.71 Average Net Passing Rent (A$/m2) 267.88 Average Net Market Rent (A$/m2) 110.00 Average Net Market Rent (A$/m2) 137.43 Average Net Market Rent (A$/m2) 267.88 Initial Yield (%) 8.18 Initial Yield (%) 7.93 Initial Yield (%) 8.27 Discount Rate (%) 8.50 Discount Rate (%) 8.50 Discount Rate (%) 8.75 Major Tenant dHL Exel Supply Chain (Aust) Pty Ltd Major Tenant Legrand Australia Pty Ltd Major Tenant iBM Global Services Australia Limited Leased By Area (%) 100 Leased By Area (%) 95 Leased By Area (%) 100 Weighted Lease Term by Income (years) 1.1 Weighted Lease Term by Income (years) 2.7 Weighted Lease Term by Income (years) 5.3 Available (%) 0 Available (%) 4 Available (%) 0 Year 2009 (%) 0 Year 2009 (%) 29 Year 2009 (%) 0 Year 2010 (%) 100 Year 2010 (%) 6 Year 2010 (%) 0 Year 2011 (%) 0 Year 2011 (%) 9 Year 2011 (%) 0 Year 2012 (%) 0 Year 2012 (%) 24 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 5 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 22 Year 2014 (%) 100 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

36 DEXUS property group PROPERTY SYNOPSIS 2008 1 Garigal Road, Belrose, NSW 2 Minna Close, Belrose, NSW 3-7 Bessemer Street, Blacktown, NSW

The property is situated on the south eastern The property is located in the Austlink The property forms part of the comprehensive, corner of Garigal Rd and Forest Way at Belrose Corporate Park, Terrey Hills, approximately 24 old established Blacktown Industrial area within Austlink Business Park. Austlink kilometres north west of the Sydney CBD and situated three kilometres north of the Business Park is located approximately 24 is situated on the south east corner of Forest commercial/retail centre of Blacktown. kilometres north west of the Sydney CBD. Way and Mona Vale Road, Terrey Hills. Mona Bessemer Street extends off the western side Vale Road (Route 3) provides a major ring road of Sunnyholt Road which forms part of a major from the northern suburbs of Sydney to the north-south road system. western and southern regions.

Details Details Details Metro area Sydney, North Metro area Sydney, North Metro area Sydney, Outer West Building Type Business Park Building Type Business Park Building Type Distribution Centre Title Freehold Title Freehold Title Freehold Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Zoning Locality C9 Austlink Business Park Zoning Locality C9 Austlink Business Park Zoning General Industrial 4(a) Year Built 1992 Year Built 1993 Year Built 1995 Site Area (ha) 2.6 Site Area (ha) 2.6 Site Area (ha) 1.6 Lettable Area (‘000m2) 12.600 Lettable Area (‘000m2) 13.600 Lettable Area (‘000m2) 8.100 Site Coverage (%) 49 Site Coverage (%) 52 Site Coverage (%) 50 Number of Buildings 1 Number of Buildings 1 Number of Buildings 1 Number of Units 2 Number of Units 7 Number of Units 1 Average Unit Size (‘000m2) 6.292 Average Unit Size (‘000m2) 1.947 Average Unit Size (‘000m2) 8.050 Office Content (%) 49 Office Content (%) 74 Office Content (%) 42 Car Parking Spaces 300 Car Parking Spaces 419 Car Parking Spaces 101 Acquisition Date Dec-1998 Acquisition Date Dec-1998 Acquisition Date Jun-1997 Acquisition Price plus Additions (A$m) 23.4 Acquisition Price plus Additions (A$m) 35.2 Acquisition Price plus Additions (A$m) 11.2 Book Value (A$m) 28.8 Book Value (A$m) 33.0 Book Value (A$m) 11.1 Independent Valuation Date Jun-2007 Independent Valuation Date Jun-2007 Independent Valuation Date Sep-2006 Independent Valuation (A$m) 31.0 Independent Valuation (A$m) 35.0 Independent Valuation (A$m) 10.3 Market Cap Rate (%) 8.00 Market Cap Rate (%) 8.00 Market Cap Rate (%) 7.75 Average Net Passing Rent (A$/m2) 216.15 Average Net Passing Rent (A$/m2) 231.39 Average Net Passing Rent (A$/m2) 116.15 Average Net Market Rent (A$/m2) 187.63 Average Net Market Rent (A$/m2) 210.34 Average Net Market Rent (A$/m2) 110.00 Initial Yield (%) 9.44 Initial Yield (%) 9.55 Initial Yield (%) 8.42 Discount Rate (%) 9.00 Discount Rate (%) 9.00 Discount Rate (%) 8.75 Major Tenant Panasonic Australia Pty Ltd Major Tenant Getronics Pty Ltd Major Tenant atlas Copco Australia Pty Ltd Leased By Area (%) 100 Leased By Area (%) 100 Leased By Area (%) 100 Weighted Lease Term by Income (years) 2.2 Weighted Lease Term by Income (years) 1.8 Weighted Lease Term by Income (years) 1.4 Available (%) 0 Available (%) 0 Available (%) 0 Year 2009 (%) 24 Year 2009 (%) 14 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 74 Year 2010 (%) 100 Year 2011 (%) 76 Year 2011 (%) 0 Year 2011 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 13 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 37 Industrial Portfolio – Australia (continued)

30-32 Bessemer Street, 114-120 Old Pittwater Road, 2 Alspec Place, Eastern Creek, Blacktown, NSW Brookvale, NSW NSW

The property forms part of the comprehensive, The property is located on the western side of The premises consists of a modern old established Blacktown Industrial area Old Pittwater Road Brookvale. Brookvale is a 16,900 square metre distribution facility. situated three kilometres north of the northern suburb of Sydney situated about 15 The facility is located within one kilometre of commercial/retail centre of Blacktown. kilometres from the CBD. The property has the M7 Westlink currently under construction. Bessemer Street extends off the western side good access to Pittwater Road and is the main Eastern Creek is recognised as the premier of Sunnyholt Road which forms part of a major thoroughfare between the northern beaches industrial precinct in the Sydney north-south road system. and the city, with Route 3 linking the area to Metropolitan area. each of Sydney’s major arterial routes.

Details Details Details Metro area Sydney, Outer West Metro area Sydney, North Metro area Sydney, Outer West Building Type Distribution Centre Building Type Business Park Building Type Distribution Centre Title Freehold Title Freehold Title Freehold Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Zoning General Industrial 4(a) Zoning G10 Brookvale Industrial West Zoning Employment Lands Year Built 1980 Year Built 1976 Year Built 2004 Site Area (ha) 4.5 Site Area (ha) 4.2 Site Area (ha) 2.6 Lettable Area (‘000m2) 14.700 Lettable Area (‘000m2) 30.600 Lettable Area (‘000m2) 16.900 Site Coverage (%) 33 Site Coverage (%) 73 Site Coverage (%) 65 Number of Buildings 4 Number of Buildings 2 Number of Buildings 1 Number of Units 1 Number of Units 6 Number of Units 1 Average Unit Size (‘000m2) 14.652 Average Unit Size (‘000m2) 5.108 Average Unit Size (‘000m2) 16.875 Office Content (%) 4 Office Content (%) 46 Office Content (%) 2 Car Parking Spaces 185 Car Parking Spaces 587 Car Parking Spaces 144 Acquisition Date May-1997 Acquisition Date Sep-1997 Acquisition Date Mar-2004 Acquisition Price plus Additions (A$m) 12.4 Acquisition Price plus Additions (A$m) 36.1 Acquisition Price plus Additions (A$m) 23.6 Book Value (A$m) 19.0 Book Value (A$m) 51.5 Book Value (A$m) 24.8 Independent Valuation Date Jun-2006 Independent Valuation Date Jun-2006 Independent Valuation Date Dec-2006 Independent Valuation (A$m) 17.9 Independent Valuation (A$m) 45.5 Independent Valuation (A$m) 26.0 Market Cap Rate (%) 7.75 Market Cap Rate (%) 7.75 Market Cap Rate (%) 7.25 Average Net Passing Rent (A$/m2) 88.14 Average Net Passing Rent (A$/m2) 135.04 Average Net Passing Rent (A$/m2) 116.76 Average Net Market Rent (A$/m2) 87.50 Average Net Market Rent (A$/m2) 132.96 Average Net Market Rent (A$/m2) 105.00 Initial Yield (%) 6.98 Initial Yield (%) 8.04 Initial Yield (%) 7.94 Discount Rate (%) 8.75 Discount Rate (%) 8.75 Discount Rate (%) 8.50 Major Tenant Chips n Mixes Pty Ltd Major Tenant Avon Products Pty Ltd Major Tenant Controlled Climate Logistics Leased By Area (%) 100 Leased By Area (%) 100 Leased By Area (%) 100 Weighted Lease Term by Income (years) 2.2 Weighted Lease Term by Income (years) 5.0 Weighted Lease Term by Income (years) 6.8 Available (%) 0 Available (%) 0 Available (%) 0 Year 2009 (%) 0 Year 2009 (%) 11 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2011 (%) 100 Year 2011 (%) 44 Year 2011 (%) 0 Year 2012 (%) 0 Year 2012 (%) 2 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 100 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 43 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

38 DEXUS property group PROPERTY SYNOPSIS 2008 145-151 Arthur Street, Flemington, 436-484 Victoria Road, Gladesville, 1 Foundation Place, Greystanes, NSW NSW NSW

Flemington is approximately 16 kilometres The property is located in a prominent position The property is well located within the Sydney west of the Sydney CBD and eight kilometres on the intersection of Victoria Road and metropolitan area being approximately east of Parramatta. The property forms part of Tennyson Road, Gladesville, approximately 10 six kilometres west of Parramatta and 26 a relatively minor industrial location but enjoys kilometres north west of the Sydney CBD and kilometres west of the Sydney CBD. The good exposure and access to Arthur Street and 11 kilometres east of the Parramatta CBD. estate is situated in close proximity to the M4 major traffic arteries in western Sydney. Motorway, which is situated approximately 500 metres to the west and accessed via the Prospect Highway.

Details Details Details Metro area Sydney, Inner West Metro area Sydney, North Metro area Sydney, Outer West Building Type Business Park Building Type Business Park Building Type Industrial Estate Title Freehold Title Freehold Title Freehold Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Zoning Industrial 4 Zoning Industrial 4 (b1) and 4 (b2) Light Zoning Employment Zone (SEPP59) Year Built 1985 Year Built 1991 Year Built 2004 Site Area (ha) 3.2 Site Area (ha) 2.0 Site Area (ha) 5.8 Lettable Area (‘000m2) 19.200 Lettable Area (‘000m2) 19.900 Lettable Area (‘000m2) 30.800 Site Coverage (%) 60 Site Coverage (%) 100 Site Coverage (%) 53 Number of Buildings 2 Number of Buildings 2 Number of Buildings 4 Number of Units 9 Number of Units 10 Number of Units 5 Average Unit Size (‘000m2) 2.131 Average Unit Size (‘000m2) 1.988 Average Unit Size (‘000m2) 6.152 Office Content (%) 51 Office Content (%) 66 Office Content (%) 12 Car Parking Spaces 401 Car Parking Spaces 414 Car Parking Spaces 278 Acquisition Date Sep-1997 Acquisition Date Sep-1997 Acquisition Date Apr-2003 Acquisition Price plus Additions (A$m) 24.8 Acquisition Price plus Additions (A$m) 29.5 Acquisition Price plus Additions (A$m) 39.3 Book Value (A$m) 35.0 Book Value (A$m) 55.0 Book Value (A$m) 48.0 Independent Valuation Date Dec-2007 Independent Valuation Date Jun-2007 Independent Valuation Date Jun-2008 Independent Valuation (A$m) 37.9 Independent Valuation (A$m) 53.0 Independent Valuation (A$m) 48.0 Market Cap Rate (%) 7.50 Market Cap Rate (%) 7.50 Market Cap Rate (%) 7.25 Average Net Passing Rent (A$/m2) 150.11 Average Net Passing Rent (A$/m2) 214.79 Average Net Passing Rent (A$/m2) 118.67 Average Net Market Rent (A$/m2) 144.76 Average Net Market Rent (A$/m2) 211.29 Average Net Market Rent (A$/m2) 112.93 Initial Yield (%) 8.23 Initial Yield (%) 7.76 Initial Yield (%) 7.60 Discount Rate (%) 8.75 Discount Rate (%) 8.75 Discount Rate (%) 8.75 Major Tenant Acer Computer Australia Major Tenant spotless Services Australia Limited Major Tenant Allied Pickfords Pty Limited Leased By Area (%) 100 Leased By Area (%) 91 Leased By Area (%) 100 Weighted Lease Term by Income (years) 2.5 Weighted Lease Term by Income (years) 3.6 Weighted Lease Term by Income (years) 5.2 Available (%) 0 Available (%) 8 Available (%) 0 Year 2009 (%) 41 Year 2009 (%) 8 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 5 Year 2010 (%) 0 Year 2011 (%) 20 Year 2011 (%) 10 Year 2011 (%) 0 Year 2012 (%) 28 Year 2012 (%) 29 Year 2012 (%) 32 Year 2013 (%) 0 Year 2013 (%) 5 Year 2013 (%) 0 Year 2014 (%) 12 Year 2014 (%) 35 Year 2014 (%) 28 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 40 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 39 Industrial Portfolio – Australia (continued)

SEL, Greystanes Estate, 27-29 Liberty Road, Huntingwood, Kings Park Industrial Estate, Greystanes, NSW NSW Vardys Road, Marayong, NSW

47.6 ha development site located to the south The property is located on the northern An industrial estate of over 68,000 square of the established Greystanes Business Hub. side of Liberty Road, Huntingwood in a well metres, comprising eight office/warehouses Zoned Employment under SEPP 59, the site established good quality industrial location. developed by the Trust since 1993. The provides the opportunity to develop a range Liberty Road is a loop road leading from buildings range from 2,500-27,000 square of investment product in a strategic industrial Huntingwood Drive, which joins the Great metres and include major tenants such as location situated in close proximity to the M7 Western Highway and Horsley Road. The VisyPet and Allied Pickford. Kings Park is and M4 Motorway interchange. Great Western Highway provides a direct link located in Marayong near the Marayong between Penrith and Parramatta. Railway Station. Details Details Details Metro area Sydney, Outer West Metro area Sydney, Outer West Metro area Sydney, Outer West Building Type Land Building Type Distribution Centre Building Type Industrial Estate Title Freehold Title Freehold Title Freehold Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Zoning Employment Zoning 4(d) Huntingwood Industrial Zone Zoning 4(a) General Industrial Year Built - Year Built 1996 Year Built 1991 Site Area (ha) 47.6 Site Area (ha) 1.4 Site Area (ha) 13.7 Lettable Area (‘000m2) - Lettable Area (‘000m2) 6.800 Lettable Area (‘000m2) 68.900 Site Coverage (%) - Site Coverage (%) 48 Site Coverage (%) 50 Number of Buildings - Number of Buildings 1 Number of Buildings 10 Number of Units - Number of Units 1 Number of Units 11 Average Unit Size (‘000m2) - Average Unit Size (‘000m2) 6.829 Average Unit Size (‘000m2) 6.260 Office Content (%) - Office Content (%) 19 Office Content (%) 8 Car Parking Spaces - Car Parking Spaces 105 Car Parking Spaces 484 Acquisition Date Dec-2007 Acquisition Date Jul-1998 Acquisition Date May-1990 Acquisition Price plus Additions (A$m) 73.5 Acquisition Price plus Additions (A$m) 8.2 Acquisition Price plus Additions (A$m) 81.0 Book Value (A$m) 73.5 Book Value (A$m) 9.7 Book Value (A$m) 104.0 Independent Valuation Date Nov-2007 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (A$m) 83.8 Independent Valuation (A$m) 9.7 Independent Valuation (A$m) 104.0 Market Cap Rate (%) - Market Cap Rate (%) 7.75 Market Cap Rate (%) 7.50 Average Net Passing Rent (A$/m2) - Average Net Passing Rent (A$/m2) 116.27 Average Net Passing Rent (A$/m2) 119.25 Average Net Market Rent (A$/m2) - Average Net Market Rent (A$/m2) 110.00 Average Net Market Rent (A$/m2) 115.49 Initial Yield (%) - Initial Yield (%) 8.23 Initial Yield (%) 7.90 Discount Rate (%) - Discount Rate (%) 8.75 Discount Rate (%) 9.00 Major Tenant - Major Tenant Entertainment Distributors Major Tenant Visy Pet Pty Ltd Leased By Area (%) - Company Pty Limited Leased By Area (%) 100 Weighted Lease Term by Income (years) - Leased By Area (%) 100 Weighted Lease Term by Income (years) 3.2 Available (%) 100 Weighted Lease Term by Income (years) 1.4 Available (%) 0 Year 2009 (%) 0 Available (%) 0 Year 2009 (%) 0 Year 2010 (%) 0 Year 2009 (%) 0 Year 2010 (%) 28 Year 2011 (%) 0 Year 2010 (%) 100 Year 2011 (%) 18 Year 2012 (%) 0 Year 2011 (%) 0 Year 2012 (%) 40 Year 2013 (%) 0 Year 2012 (%) 0 Year 2013 (%) 14 Year 2014 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

40 DEXUS property group PROPERTY SYNOPSIS 2008 154 O’Riordan Street, Mascot, 5-15 Rosebery Avenue, Rosebery, 25-55 Rothschild Avenue, NSW NSW Rosebery, NSW

The property is located in Mascot, an The location provides excellent main road See 5-15 Rosebery Avenue, Rosebery. established industrial suburb of Sydney, exposure and has a four street frontage. located approximately nine kilometres by road Rosebery Avenue runs parallel to Botany Road from the Sydney CBD. The Sydney Kingsford which is one of the major thoroughfares of the Smith Airport is located one to two kilometres locality, providing direct access to the CBD. south and the Botany Port Container Terminals Convenient access is also available to Southern are located approximately five kilometres to the Cross Drive, The Eastern Distributor and the south east. Sydney Kingsford Smith Airport.

Details Details Details Metro area Sydney, South Metro area Sydney, South Metro area Sydney, South Building Type Industrial Estate Building Type Business Park Building Type Business Park Title Freehold Title Freehold Title Freehold Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Zoning Industrial 4(a) Zoning Mixed Use Zone 10(e) Zoning Mixed Use Zone 10(e) Year Built 1985 Year Built 1986 Year Built 1984 Site Area (ha) 1.4 Site Area (ha) 3.0 Site Area (ha) 1.9 Lettable Area (‘000m2) 8.200 Lettable Area (‘000m2) 27.900 Lettable Area (‘000m2) 16.900 Site Coverage (%) 57 Site Coverage (%) 93 Site Coverage (%) 88 Number of Buildings 3 Number of Buildings 7 Number of Buildings 1 Number of Units 7 Number of Units 42 Number of Units 2 Average Unit Size (‘000m2) 1.165 Average Unit Size (‘000m2) 0.663 Average Unit Size (‘000m2) 8.429 Office Content (%) 27 Office Content (%) 52 Office Content (%) 41 Car Parking Spaces 130 Car Parking Spaces 407 Car Parking Spaces 71 Acquisition Date Jun-1997 Acquisition Date Apr-1998 Acquisition Date Oct-2001 Acquisition Price plus Additions (A$m) 11.3 Acquisition Price plus Additions (A$m) 45.7 Acquisition Price plus Additions (A$m) 28.4 Book Value (A$m) 15.0 Book Value (A$m) 62.2 Book Value (A$m) 40.5 Independent Valuation Date Dec-2006 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (A$m) 16.0 Independent Valuation (A$m) 62.2 Independent Valuation (A$m) 40.5 Market Cap Rate (%) 7.00 Market Cap Rate (%) 7.25 Market Cap Rate (%) 7.00 Average Net Passing Rent (A$/m2) 148.13 Average Net Passing Rent (A$/m2) 151.09 Average Net Passing Rent (A$/m2) 97.87 Average Net Market Rent (A$/m2) 140.33 Average Net Market Rent (A$/m2) 171.53 Average Net Market Rent (A$/m2) 184.93 Initial Yield (%) 8.05 Initial Yield (%) 6.77 Initial Yield (%) 4.22 Discount Rate (%) 8.25 Discount Rate (%) 8.50 Discount Rate (%) 8.50 Major Tenant Toll Priority Major Tenant Trimex Pty Ltd Major Tenant commonwealth of Australia (AQIS) Leased By Area (%) 100 Leased By Area (%) 96 Leased By Area (%) 70 Weighted Lease Term by Income (years) 0.7 Weighted Lease Term by Income (years) 2.2 Weighted Lease Term by Income (years) 3.3 Available (%) 0 Available (%) 4 Available (%) 30 Year 2009 (%) 77 Year 2009 (%) 7 Year 2009 (%) 0 Year 2010 (%) 15 Year 2010 (%) 20 Year 2010 (%) 0 Year 2011 (%) 7 Year 2011 (%) 39 Year 2011 (%) 0 Year 2012 (%) 0 Year 2012 (%) 30 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 70 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 41 Industrial Portfolio – Australia (continued)

10-16 South Street, Rydalmere, DEXUS Industrial Estate, Egerton 19 Chifley Street, Smithfield, NSW NSW Street, Silverwater, NSW

The property is located towards the western The estate is located primarily on Egerton The property is located at the northern end end of South Street, with the Parramatta Street which is in close proximity to Silverwater of Chifley Street, Smithfield. Smithfield is a River located at the southern boundary of the Road in the Silverwater industrial area. western suburb of Sydney situated about 35 property. Rydalmere is a western suburb of Silverwater is regarded as one of the premier kilometres from the CBD and seven kilometres Sydney located approximately 20 kilometres established industrial regions in Sydney and is south west of Parramatta. The property has from the Sydney CBD. accessed via Victoria Road, the M4 Motorway good access to the M4 Motorway to the north and Parramatta Road. and the M5 Motorway to the south.

Details Details Details Metro area Sydney, Inner West Metro area Sydney, Inner West Metro area Sydney, Outer West Building Type Industrial Estate Building Type Business Park Building Type Industrial Estate Title Freehold Title Freehold Title Freehold Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Zoning Technology and Enterprise Zoning General Industrial 4(a) Zoning General Industrial 4(a) Year Built 1980 Year Built 1969 Year Built 1988 Site Area (ha) 5.3 Site Area (ha) 8.8 Site Area (ha) 2.7 Lettable Area (‘000m2) 34.700 Lettable Area (‘000m2) 29.300 Lettable Area (‘000m2) 18.500 Site Coverage (%) 66 Site Coverage (%) 33 Site Coverage (%) 69 Number of Buildings 6 Number of Buildings 9 Number of Buildings 13 Number of Units 20 Number of Units 9 Number of Units 13 Average Unit Size (‘000m2) 1.733 Average Unit Size (‘000m2) 3.259 Average Unit Size (‘000m2) 1.423 Office Content (%) 32 Office Content (%) 30 Office Content (%) 10 Car Parking Spaces 476 Car Parking Spaces 290 Car Parking Spaces 196 Acquisition Date Sep-1997 Acquisition Date May-1997 Acquisition Date Dec-1998 Acquisition Price plus Additions (A$m) 37.1 Acquisition Price plus Additions (A$m) 37.6 Acquisition Price plus Additions (A$m) 12.3 Book Value (A$m) 48.0 Book Value (A$m) 48.2 Book Value (A$m) 18.4 Independent Valuation Date Dec-2006 Independent Valuation Date Dec-2007 Independent Valuation Date Jun-2008 Independent Valuation (A$m) 47.0 Independent Valuation (A$m) 50.0 Independent Valuation (A$m) 18.4 Market Cap Rate (%) 7.50 Market Cap Rate (%) 7.50 Market Cap Rate (%) 8.00 Average Net Passing Rent (A$/m2) 116.73 Average Net Passing Rent (A$/m2) 134.57 Average Net Passing Rent (A$/m2) 83.29 Average Net Market Rent (A$/m2) 110.79 Average Net Market Rent (A$/m2) 128.99 Average Net Market Rent (A$/m2) 83.29 Initial Yield (%) 8.43 Initial Yield (%) 8.19 Initial Yield (%) 8.40 Discount Rate (%) 8.75 Discount Rate (%) 8.75 Discount Rate (%) 9.50 Major Tenant Altech Computers Major Tenant Fidax Foundry Major Tenant BOC Ltd Leased By Area (%) 100 Leased By Area (%) 100 Leased By Area (%) 100 Weighted Lease Term by Income (years) 1.4 Weighted Lease Term by Income (years) 3.3 Weighted Lease Term by Income (years) 1.5 Available (%) 0 Available (%) 0 Available (%) 0 Year 2009 (%) 48 Year 2009 (%) 24 Year 2009 (%) 51 Year 2010 (%) 18 Year 2010 (%) 28 Year 2010 (%) 22 Year 2011 (%) 31 Year 2011 (%) 0 Year 2011 (%) 28 Year 2012 (%) 3 Year 2012 (%) 29 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 4 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 16 Year 2018+ (%) 0

42 DEXUS property group PROPERTY SYNOPSIS 2008 239-251 Woodpark Road, 12 Frederick Street, St Leonards, 40 Biloela Street, Villawood, NSW Smithfield, NSW NSW

The property is located on the northern side of The estate includes 13 office/warehouse units The building is located on the northern side Woodpark Road approximately one kilometre with a total gross lettable area of approximately of Biloela Street between Marple Avenue west of the intersection with the Cumberland 19,300 square metres. The units offer modern and Miller Road in Villawood. The property is Highway in Smithfield.T he property is situated quality accommodation ranging between local to major transport routes with the Hume in a well-established and popular industrial 901 square metres to 2,049 square metres. Highway approximately one kilometre to the location with good access to transport facilities. Frederick Street is located within the St south and the M4 Motorway approximately six Leonards/Artarmon industrial precinct. kilometres to the north.

Details Details Details Metro area Sydney, Outer West Metro area Sydney, North Metro area Sydney, Outer West Building Type Distribution Centre Building Type Business Park Building Type Distribution Centre Title Freehold Title Freehold Title Freehold Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Zoning General Industrial 4(a) Zoning General Industrial 4(a) Zoning General Industrial 4(a) Year Built 1980 Year Built 1974 Year Built 1985 Site Area (ha) 2.0 Site Area (ha) 2.5 Site Area (ha) 1.5 Lettable Area (‘000m2) 5.200 Lettable Area (‘000m2) 19.300 Lettable Area (‘000m2) 7.300 Site Coverage (%) 26 Site Coverage (%) 77 Site Coverage (%) 50 Number of Buildings 1 Number of Buildings 1 Number of Buildings 2 Number of Units 1 Number of Units 13 Number of Units 2 Average Unit Size (‘000m2) 5.187 Average Unit Size (‘000m2) 1.484 Average Unit Size (‘000m2) 3.632 Office Content (%) 7 Office Content (%) 26 Office Content (%) 15 Car Parking Spaces 125 Car Parking Spaces 330 Car Parking Spaces 23 Acquisition Date May-1997 Acquisition Date Jul-2000 Acquisition Date Jul-1997 Acquisition Price plus Additions (A$m) 5.1 Acquisition Price plus Additions (A$m) 26.2 Acquisition Price plus Additions (A$m) 7.0 Book Value (A$m) 6.8 Book Value (A$m) 37.0 Book Value (A$m) 8.1 Independent Valuation Date Jun-2006 Independent Valuation Date Jun-2007 Independent Valuation Date Jun-2006 Independent Valuation (A$m) 6.5 Independent Valuation (A$m) 38.0 Independent Valuation (A$m) 8.8 Market Cap Rate (%) 7.75 Market Cap Rate (%) 7.75 Market Cap Rate (%) 7.75 Average Net Passing Rent (A$/m2) 108.49 Average Net Passing Rent (A$/m2) 161.36 Average Net Passing Rent (A$/m2) 95.79 Average Net Market Rent (A$/m2) 105.00 Average Net Market Rent (A$/m2) 157.75 Average Net Market Rent (A$/m2) 90.00 Initial Yield (%) 8.28 Initial Yield (%) 8.42 Initial Yield (%) 8.59 Discount Rate (%) 8.75 Discount Rate (%) 8.75 Discount Rate (%) 8.75 Major Tenant Gunnsersen Timbermark Pty Ltd Major Tenant Australian Surgical Design Major Tenant Bishop Manufacturing Technology Leased By Area (%) 100 Leased By Area (%) 100 Limited Weighted Lease Term by Income (years) 1.6 Weighted Lease Term by Income (years) 2.7 Leased By Area (%) 100 Available (%) 0 Available (%) 0 Weighted Lease Term by Income (years) 1.3 Year 2009 (%) 0 Year 2009 (%) 26 Available (%) 0 Year 2010 (%) 100 Year 2010 (%) 7 Year 2009 (%) 42 Year 2011 (%) 0 Year 2011 (%) 27 Year 2010 (%) 58 Year 2012 (%) 0 Year 2012 (%) 8 Year 2011 (%) 0 Year 2013 (%) 0 Year 2013 (%) 32 Year 2012 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2013 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2014 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2015 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2016 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 43 Industrial Portfolio – Australia (continued)

30 Bellrick Street, Acacia Ridge, 25 Donkin Street, West End 15-23 Whicker Road, Gillman, SA QLD Brisbane, QLD

The property is located on the southern side The complex is located in the inner city, south The property is situated within an established of Bellrick Street in Acacia Ridge and forms side suburb of West End. The property is industrial precinct in the north-western suburb part of a modern industrial estate which offers located approximately two kilometres south of Gillman, approximately 12 kilometres from good access to major arterial roadways and is west of the Brisbane CBD. The immediate the Adelaide CBD. The Gillman precinct is located within the southern industrial hub of surrounding development comprises recently dominated by large warehousing facilities, Brisbane. The property is located 13 kilometres constructed high-tech office/warehouse dockyards and harbour facilities. Transport to south of the Brisbane CBD. developments together with semi-modern the CBD is via the major transport corridors of warehouses and light industrial premises. the Grand Junction Road and Port Road. Details Details Details Metro area Brisbane Metro area Brisbane Metro area Adelaide Building Type Distribution Centre Building Type Business Park Building Type Distribution Centre Title Freehold Title Freehold Title Freehold Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Zoning General Industry Zoning Special Purpose Centre SP12 Zoning General Industry 2 Year Built 1988 - Mixed Industry & Business Year Built 1970 Site Area (ha) 3.5 Year Built 1987 Site Area (ha) 9.7 Lettable Area (‘000m2) 17.800 Site Area (ha) 1.7 Lettable Area (‘000m2) 72.100 2 Site Coverage (%) 51 Lettable Area (‘000m ) 11.300 Site Coverage (%) 74 Number of Buildings 5 Site Coverage (%) 67 Number of Buildings 2 Number of Units 3 Number of Buildings 3 Number of Units 2 Average Unit Size (‘000m2) 5.934 Number of Units 31 Average Unit Size (‘000m2) 36.058 2 Office Content (%) 9 Average Unit Size (‘000m ) 0.364 Office Content (%) - Car Parking Spaces 100 Office Content (%) 65 Car Parking Spaces - Acquisition Date Jun-1997 Car Parking Spaces 203 Acquisition Date Dec-2002 Acquisition Price plus Additions (A$m) 13.4 Acquisition Date Dec-1998 Acquisition Price plus Additions (A$m) 20.3 Book Value (A$m) 22.7 Acquisition Price plus Additions (A$m) 19.7 Book Value (A$m) 25.8 Independent Valuation Date Jun-2008 Book Value (A$m) 35.8 Independent Valuation Date Dec-2007 Independent Valuation (A$m) 22.7 Independent Valuation Date Dec-2007 Independent Valuation (A$m) 25.5 Market Cap Rate (%) 7.50 Independent Valuation (A$m) 35.6 Market Cap Rate (%) 8.00 Average Net Passing Rent (A$/m2) 101.12 Market Cap Rate (%) 7.25 Average Net Passing Rent (A$/m2) 30.53 2 Average Net Market Rent (A$/m2) 101.12 Average Net Passing Rent (A$/m ) 234.26 Average Net Market Rent (A$/m2) 28.00 2 Initial Yield (%) 7.93 Average Net Market Rent (A$/m ) 259.32 Initial Yield (%) 8.53 Discount Rate (%) 9.00 Initial Yield (%) 7.34 Discount Rate (%) 9.00 Major Tenant twentieth Superstar Nominees Pty Ltd Discount Rate (%) 8.75 Major Tenant Elders Limited Leased By Area (%) 100 Major Tenant Datacom Systems Leased By Area (%) 100 Weighted Lease Term by Income (years) 4.2 Leased By Area (%) 99 Weighted Lease Term by Income (years) 4.0 Available (%) 0 Weighted Lease Term by Income (years) 2.5 Available (%) 0 Year 2009 (%) 0 Available (%) 1 Year 2009 (%) 0 Year 2010 (%) 0 Year 2009 (%) 11 Year 2010 (%) 0 Year 2011 (%) 0 Year 2010 (%) 27 Year 2011 (%) 0 Year 2012 (%) 0 Year 2011 (%) 33 Year 2012 (%) 100 Year 2013 (%) 100 Year 2012 (%) 6 Year 2013 (%) 0 Year 2014 (%) 0 Year 2013 (%) 23 Year 2014 (%) 0 Year 2015 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

44 DEXUS property group PROPERTY SYNOPSIS 2008 Target Distribution Centre, Tarras 114 Fairbank Road, Clayton, VIC Pound Road West, Dandenong, Road, Altona North, VIC VIC

A state-of-the-art 41,447 square metre The property is located in an established and The property is located in the south east of distribution warehouse purpose built for well-regarded industrial location approximately Melbourne, approximately 36 kilometres from Target. It is their national distribution centre, 20 kilometres south east of the Melbourne the CBD. The property has excellent access which currently caters for 130 stores and can CBD. The Clayton industrial precinct is to the South Gippsland Freeway (Monash accommodate up to 200 stores. The centre is serviced by major road networks including the Freeway) and South Gippsland Highway. located in Altona North, which is approximately Monash Freeway and Dandenong Road. 12 kilometres west of the Melbourne CBD.

Details Details Details Metro area Melbourne, West Metro area Melbourne, South East Metro area Melbourne, South East Building Type Distribution Centre Building Type Distribution Centre Building Type Industrial Estate Title Freehold Title Freehold Title Freehold Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Zoning Special Use Zone 4 Zoning Industrial 1 Zoning Business 3 Year Built 1996 Year Built 1986 Year Built 2001 Site Area (ha) 10.2 Site Area (ha) 3.6 Site Area (ha) 19.0 Lettable Area (‘000m2) 41.400 Lettable Area (‘000m2) 18.200 Lettable Area (‘000m2) 89.300 Site Coverage (%) 41 Site Coverage (%) 50 Site Coverage (%) 47 Number of Buildings 1 Number of Buildings 1 Number of Buildings 5 Number of Units 1 Number of Units 1 Number of Units 5 Average Unit Size (‘000m2) 41.447 Average Unit Size (‘000m2) 18.200 Average Unit Size (‘000m2) 17.854 Office Content (%) 5 Office Content (%) 2 Office Content (%) 7 Car Parking Spaces 210 Car Parking Spaces 12 Car Parking Spaces 191 Acquisition Date Oct-1995 Acquisition Date Jul-1997 Acquisition Date Jan-2004 Acquisition Price plus Additions (A$m) 25.5 Acquisition Price plus Additions (A$m) 16.3 Acquisition Price plus Additions (A$m) 72.2 Book Value (A$m) 34.2 Book Value (A$m) 16.2 Book Value (A$m) 91.5 Independent Valuation Date Dec-2007 Independent Valuation Date Jun-2006 Independent Valuation Date Dec-2007 Independent Valuation (A$m) 37.5 Independent Valuation (A$m) 12.8 Independent Valuation (A$m) 81.6 Market Cap Rate (%) 7.75 Market Cap Rate (%) 7.25 Market Cap Rate (%) 7.00 Average Net Passing Rent (A$/m2) 87.12 Average Net Passing Rent (A$/m2) 67.88 Average Net Passing Rent (A$/m2) 75.53 Average Net Market Rent (A$/m2) 60.00 Average Net Market Rent (A$/m2) 62.00 Average Net Market Rent (A$/m2) 72.67 Initial Yield (%) 10.56 Initial Yield (%) 7.63 Initial Yield (%) 7.58 Discount Rate (%) 8.75 Discount Rate (%) 8.50 Discount Rate (%) 8.50 Major Tenant Target Australia Major Tenant Annex Holdings Pty Ltd Major Tenant L’Oreal Leased By Area (%) 100 Leased By Area (%) 100 Leased By Area (%) 100 Weighted Lease Term by Income (years) 3.8 Weighted Lease Term by Income (years) 11.3 Weighted Lease Term by Income (years) 5.0 Available (%) 0 Available (%) 0 Available (%) 0 Year 2009 (%) 0 Year 2009 (%) 0 Year 2009 (%) 17 Year 2010 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2012 (%) 100 Year 2012 (%) 0 Year 2012 (%) 22 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 10 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 29 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 100 Year 2018+ (%) 22

DEXUS property group PROPERTY SYNOPSIS 2008 45 Industrial Portfolio – Australia (continued)

Redwood Gardens Industrial 352 Macaulay Road, Kensington, KnoxfieldI ndustrial Estate, Estate, Boundary Road, Dingley, VIC Henderson Road, Knoxfield, VIC VIC

An estate of freestanding larger office/ The property is situated on the northern The property consists of two substantial office/ warehouses comprising a total of around side of Macaulay Road within the suburb of warehouses for Toll Holdings (36,000 square 34,400 square metres. The estate underwent Kensington and the municipal boundaries of metres) and the Distribution Group (12,600 a major refurbishment during 2002, which the City of Moonee Valley. The estate is situated square metres). The estate is located on included upgraded façades and landscaping. approximately four kilometres north west of Henderson Road in the south-eastern suburb The estate is located on Boundary Road Melbourne’s CBD. of Knoxfield. opposite the Moorabbin Airport.

Details Details Details Metro area Melbourne, South East Metro area Melbourne, North West Metro area Melbourne, South East Building Type Industrial Estate Building Type Industrial Estate Building Type Distribution Centre Title Freehold Title Freehold Title Freehold Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Zoning Industrial 1 Zoning Industrial Zone 1 Zoning Industrial 1 Year Built 1980 Year Built 1985 Year Built 1990 Site Area (ha) 9.0 Site Area (ha) 1.0 Site Area (ha) 7.4 Lettable Area (‘000m2) 34.400 Lettable Area (‘000m2) 6.400 Lettable Area (‘000m2) 48.500 Site Coverage (%) 38 Site Coverage (%) 66 Site Coverage (%) 66 Number of Buildings 14 Number of Buildings 3 Number of Buildings 2 Number of Units 14 Number of Units 6 Number of Units 2 Average Unit Size (‘000m2) 2.456 Average Unit Size (‘000m2) 1.060 Average Unit Size (‘000m2) 24.274 Office Content (%) 26 Office Content (%) 63 Office Content (%) 3 Car Parking Spaces 798 Car Parking Spaces 100 Car Parking Spaces 275 Acquisition Date Dec-1994 Acquisition Date Oct-1998 Acquisition Date Aug-1996 Acquisition Price plus Additions (A$m) 25.2 Acquisition Price plus Additions (A$m) 7.7 Acquisition Price plus Additions (A$m) 30.3 Book Value (A$m) 30.3 Book Value (A$m) 9.1 Book Value (A$m) 35.3 Independent Valuation Date Jun-2008 Independent Valuation Date Dec-2007 Independent Valuation Date Jun-2006 Independent Valuation (A$m) 30.3 Independent Valuation (A$m) 10.0 Independent Valuation (A$m) 37.1 Market Cap Rate (%) 8.00 Market Cap Rate (%) 7.75 Market Cap Rate (%) 7.75 Average Net Passing Rent (A$/m2) 67.68 Average Net Passing Rent (A$/m2) 116.87 Average Net Passing Rent (A$/m2) 66.14 Average Net Market Rent (A$/m2) 71.00 Average Net Market Rent (A$/m2) 117.76 Average Net Market Rent (A$/m2) 60.00 Initial Yield (%) 7.69 Initial Yield (%) 8.16 Initial Yield (%) 9.10 Discount Rate (%) 8.75 Discount Rate (%) 9.00 Discount Rate (%) 8.75 Major Tenant EDAG Future Pty Ltd Major Tenant Chubb Security Pty Ltd Major Tenant Toll Transport Leased By Area (%) 100 Leased By Area (%) 100 Leased By Area (%) 100 Weighted Lease Term by Income (years) 2.4 Weighted Lease Term by Income (years) 1.6 Weighted Lease Term by Income (years) 0.7 Available (%) 0 Available (%) 0 Available (%) 0 Year 2009 (%) 42 Year 2009 (%) 25 Year 2009 (%) 73 Year 2010 (%) 11 Year 2010 (%) 33 Year 2010 (%) 27 Year 2011 (%) 15 Year 2011 (%) 28 Year 2011 (%) 0 Year 2012 (%) 13 Year 2012 (%) 14 Year 2012 (%) 0 Year 2013 (%) 6 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 13 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

46 DEXUS property group PROPERTY SYNOPSIS 2008 250 Forest Road South, Lara, VIC DEXUS Industrial Estate, Boundary 12-18 Distribution Drive, Laverton Road, Laverton North (including North, VIC 440 Doherty’s Road), VIC

The property is located at Lara, between the The property is located in Laverton North, Recently completed chilled distribution facility ports of Melbourne and Geelong approximately approximately 17 kilometres to the east of within the Dexus Industrial Estate at Laverton 57 kilometres south-west of Melbourne and the Melbourne CBD and Ports. The site is North. The facility provides temperature zones 10 kilometres north of Geelong. The property within close proximity to the Western Ring ranging from -1 degree to 25 degrees. Laverton is situated on the western side of Forest Road Road which is accessed at the interchange at situated in close proximity to major transport South approximately 400 metres north of the Boundary Road approximately three kilometres infrastructure including the Western Ring Heales Road intersection. east and the interchange at Fitzgerald Road Road, Princess Freeway, Westgate Freeway approximately three kilometres north. and the proposed Deer Park Bypass.

Details Details Details Metro area Melbourne, South West Metro area Melbourne, West Metro area Melbourne, West Building Type Distribution Centre Building Type Distribution Centre Building Type Distribution Centre Title Freehold Title Freehold Title Freehold Ownership (%) 100 Ownership (%) 100 Ownership (%) 50 Zoning Industrial 2 Zoning Industrial 2 Zoning Industrial 2 Year Built 1985 Year Built 2005 Year Built 2007 Site Area (ha) 24.6 Site Area (ha) 121.9 Site Area (ha) 16.6 Lettable Area (‘000m2) 117.300 Lettable Area (‘000m2) 73.400 Lettable Area (‘000m2) 43.000 Site Coverage (%) 48 Site Coverage (%) 6 Site Coverage (%) 26 Number of Buildings 4 Number of Buildings 3 Number of Buildings 1 Number of Units 1 Number of Units 3 Number of Units 1 Average Unit Size (‘000m2) 117.294 Average Unit Size (‘000m2) 24.469 Average Unit Size (‘000m2) 42.954 Office Content (%) 1 Office Content (%) 3 Office Content (%) 6 Car Parking Spaces 122 Car Parking Spaces - Car Parking Spaces - Acquisition Date Dec-2002 Acquisition Date Jul-2002 Acquisition Date Jul-2002 Acquisition Price plus Additions (A$m) 33.8 Acquisition Price plus Additions (A$m) 128.0 Acquisition Price plus Additions (A$m) 52.1 Book Value (A$m) 44.8 Book Value (A$m) 131.5 Book Value (A$m) 55.2 Independent Valuation Date Jun-2008 Independent Valuation Date Dec-2007 Independent Valuation Date - Independent Valuation (A$m) 44.8 Independent Valuation (A$m) 132.5 Independent Valuation (A$m) - Market Cap Rate (%) 9.00 Market Cap Rate (%) 7.00 Market Cap Rate (%) 7.00 Average Net Passing Rent (A$/m2) 35.33 Average Net Passing Rent (A$/m2) 66.67 Average Net Passing Rent (A$/m2) 187.13 Average Net Market Rent (A$/m2) 35.33 Average Net Market Rent (A$/m2) 65.00 Average Net Market Rent (A$/m2) 182.36 Initial Yield (%) 9.26 Initial Yield (%) 7.16 Initial Yield (%) 7.28 Discount Rate (%) 9.25 Discount Rate (%) 8.75 Discount Rate (%) 8.75 Major Tenant Elders Limited Major Tenant Fosters Major Tenant Coles Leased By Area (%) 100 Leased By Area (%) 100 Leased By Area (%) 100 Weighted Lease Term by Income (years) 4.0 Weighted Lease Term by Income (years) 9.8 Weighted Lease Term by Income (years) 13.8 Available (%) 0 Available (%) 0 Available (%) 0 Year 2009 (%) 0 Year 2009 (%) 0 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2012 (%) 100 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 12 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 88 Year 2018+ (%) 100

DEXUS property group PROPERTY SYNOPSIS 2008 47 Industrial Portfolio – Australia (continued)

Axxess Corporate Park, Cnr 68 Hasler Road, Herdsman, WA Ferntree Gully & Gilby Roads, Mount Waverley, VIC

Axxess comprises around 84,400 square The property is located in the Herdsman metres of freestanding office buildings and Business Park which is approximately seven traditional industiral office/warehouse units. kilometres north-west of the Perth CBD. The Axxess provides smaller units of around Herdsman Business Park is well serviced by 250-1,000 square metres, as well as modern the surrounding roads and freeways including office/warehouses ranging from 1,500-6,000 the Mitchell Freeway which extends from square metres. the Perth CBD to link with the north western suburban coastal locations.

Details Details Metro area Melbourne, South East Metro area Perth Building Type Industrial Estate Building Type Business Park Title Freehold Title Freehold Ownership (%) 100 Ownership (%) 100 Zoning Business 3 Zone Zoning General Industrial Year Built 1980 Year Built 1989 Site Area (ha) 19.6 Site Area (ha) 0.8 Lettable Area (‘000m2) 84.400 Lettable Area (‘000m2) 4.700 Site Coverage (%) 43 Site Coverage (%) 60 Number of Buildings 29 Number of Buildings 2 Number of Units 119 Number of Units 1 Average Unit Size (‘000m2) 0.708 Average Unit Size (‘000m2) 4.703 Office Content (%) 48 Office Content (%) 67 Car Parking Spaces 1,240 Car Parking Spaces 128 Acquisition Date Oct-1996 Acquisition Date Jul-1998 Acquisition Price plus Additions (A$m) 158.6 Acquisition Price plus Additions (A$m) 9.7 Book Value (A$m) 192.7 Book Value (A$m) 17.5 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (A$m) 192.7 Independent Valuation (A$m) 17.5 Market Cap Rate (%) 7.25 Market Cap Rate (%) 7.25 Average Net Passing Rent (A$/m2) 170.51 Average Net Passing Rent (A$/m2) 162.06 Average Net Market Rent (A$/m2) 164.05 Average Net Market Rent (A$/m2) 281.05 Initial Yield (%) 7.46 Initial Yield (%) 4.36 Discount Rate (%) 8.75 Discount Rate (%) 9.00 Major Tenant Alinta Limited Major Tenant Canon Australia Pty Limited Leased By Area (%) 97 Leased By Area (%) 100 Weighted Lease Term by Income (years) 4.5 Weighted Lease Term by Income (years) 1.3 Available (%) 2 Available (%) 0 Year 2009 (%) 10 Year 2009 (%) 0 Year 2010 (%) 14 Year 2010 (%) 100 Year 2011 (%) 5 Year 2011 (%) 0 Year 2012 (%) 16 Year 2012 (%) 0 Year 2013 (%) 12 Year 2013 (%) 0 Year 2014 (%) 6 Year 2014 (%) 0 Year 2015 (%) 2 Year 2015 (%) 0 Year 2016 (%) 18 Year 2016 (%) 0 Year 2017 (%) 15 Year 2017 (%) 0 Year 2018+ (%) 1 Year 2018+ (%) 0

48 DEXUS property group PROPERTY SYNOPSIS 2008 INDUSTRiaL PORTFOLIO north america

5411 Interstate 10 East, San Antonio

DEXUS property group PROPERTY SYNOPSIS 2008 49 Industrial Portfolio – North America (continued)

844 44th Avenue, Phoenix, 3802-3922 East University Drive, 431 North 47th Avenue, Phoenix, Arizona Phoenix, Arizona Arizona

The property is located 1 mile south of I-10 off The property is located east of I-10 and south The property is located approximately one mile 43rd Avenue, south of Roosevelt. One-story, of Sky Harbor Airport on University Drive. Five south of I-10 at the northwest corner of Polk concrete tilt-up, multi-tenant, warehouse one-story, concrete tilt-up, multi-tenant, flex and 47th Avenue. One-story, concrete tilt-up, building. Roof system is built-up tar. buildings. Roof systems are built-up tar. single tenant, warehouse building. Roof system is built-up tar.

Details Details Details Metro area Phoenix Metro area Phoenix Metro area Phoenix Building Type Distribution Centre Building Type Business Park Building Type Distribution Centre Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning I2 Zoning A-2 Zoning I -1 Year Built 1987 Year Built 1988 Year Built 1986 Site Area (acres) 7.8 Site Area (acres) 8.5 Site Area (acres) 9.8 Lettable Area (‘000sf) 144.600 Lettable Area (‘000sf) 109.700 Lettable Area (‘000sf) 163.200 Site Coverage (%) 43 Site Coverage (%) 30 Site Coverage (%) 38 Number of Buildings 1 Number of Buildings 5 Number of Buildings 1 Number of Units 2 Number of Units 21 Number of Units 1 Average Unit Size (‘000sf) 72.296 Average Unit Size (‘000sf) 5.223 Average Unit Size (‘000sf) 163.200 Office Content (%) 5 Office Content (%) 72 Office Content (%) 2 Parking Space Ratio 0.93 Parking Space Ratio 3.22 Parking Space Ratio 0.38 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 6.4 Acquisition Price plus Additions (US$m) 9.7 Acquisition Price plus Additions (US$m) 6.0 Book Value (US$m) 8.1 Book Value (US$m) 11.5 Book Value (US$m) 8.9 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 8.1 Independent Valuation (US$m) 11.5 Independent Valuation (US$m) 8.9 Market Cap Rate (%) 6.50 Market Cap Rate (%) 6.50 Market Cap Rate (%) 6.50 Average Net Passing Rent (US$/sf) 3.86 Average Net Passing Rent (US$/sf) 10.08 Average Net Passing Rent (US$/sf) 4.02 Average Net Market Rent (US$/sf) 4.20 Average Net Market Rent (US$/sf) 11.40 Average Net Market Rent (US$/sf) 4.20 Initial Yield (%) 6.96 Initial Yield (%) 3.16 Initial Yield (%) 6.32 Discount Rate (%) 8.50 Discount Rate (%) 8.50 Discount Rate (%) 8.50 Major Tenant Pierce Leahy Corp. Major Tenant southwest Shield Services, Inc. Major Tenant Freeport Logistics, Inc. Leased By Area (%) 100 Leased By Area (%) 80 Leased By Area (%) 100 Weighted Lease Term by Income (years) 3.3 Weighted Lease Term by Income (years) 1.9 Weighted Lease Term by Income (years) 1.4 Available (%) 0 Available (%) 22 Available (%) 0 Year 2009 (%) 44 Year 2009 (%) 18 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 30 Year 2010 (%) 100 Year 2011 (%) 0 Year 2011 (%) 19 Year 2011 (%) 0 Year 2012 (%) 0 Year 2012 (%) 11 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 56 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

50 DEXUS property group PROPERTY SYNOPSIS 2008 220 South 9th Street, Phoenix, 1429-1439 South 40th Avenue, 105-107 South 41st Avenue, Arizona Phoenix, Arizona Phoenix, Arizona

The property is located northwest of the I-10 The property is located approximately 2-1/2 The property is located one mile south of I-10 and I-17 interchange. One-story, concrete miles west of I-17 and south of West Buckeye at West Van Buren Street and South 41st tilt-up, multi-tenant, warehouse building. Roof Road. Two, one-story, concrete tilt-up, multi- Avenue. Two, concrete tilt-up, multi-tenant, system is built-up tar. tenant, warehouse buildings. Roof systems are warehouse buildings. Roof system is built-up built-up tar. tar.

Details Details Details Metro area Phoenix Metro area Phoenix Metro area Phoenix Building Type Distribution Centre Building Type Distribution Centre Building Type Distribution Centre Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning A-1 Zoning A-2 Zoning A-2 Year Built 1983 Year Built 1989 Year Built 1988 Site Area (acres) 4.2 Site Area (acres) 12.4 Site Area (acres) 23.5 Lettable Area (‘000sf) 89.400 Lettable Area (‘000sf) 253.400 Lettable Area (‘000sf) 385.200 Site Coverage (%) 49 Site Coverage (%) 47 Site Coverage (%) 34 Number of Buildings 1 Number of Buildings 2 Number of Buildings 2 Number of Units 5 Number of Units 5 Number of Units 8 Average Unit Size (‘000sf) 17.885 Average Unit Size (‘000sf) 50.680 Average Unit Size (‘000sf) 48.147 Office Content (%) 7 Office Content (%) 4 Office Content (%) 4 Parking Space Ratio 2.20 Parking Space Ratio 0.64 Parking Space Ratio 0.92 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 7.1 Acquisition Price plus Additions (US$m) 10.1 Acquisition Price plus Additions (US$m) 14.0 Book Value (US$m) 10.1 Book Value (US$m) 14.5 Book Value (US$m) 21.3 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 10.1 Independent Valuation (US$m) 14.5 Independent Valuation (US$m) 20.6 Market Cap Rate (%) 6.50 Market Cap Rate (%) 6.50 Market Cap Rate (%) 6.50 Average Net Passing Rent (US$/sf) 7.26 Average Net Passing Rent (US$/sf) 4.17 Average Net Passing Rent (US$/sf) 3.81 Average Net Market Rent (US$/sf) 7.50 Average Net Market Rent (US$/sf) 4.12 Average Net Market Rent (US$/sf) 4.08 Initial Yield (%) 5.71 Initial Yield (%) 6.29 Initial Yield (%) 4.19 Discount Rate (%) 8.50 Discount Rate (%) 8.50 Discount Rate (%) 8.50 Major Tenant chompies Bada Bing Bakery, Inc. Major Tenant S.P. Richards Company Major Tenant Warren Industries, Inc. Leased By Area (%) 100 Leased By Area (%) 100 Leased By Area (%) 75 Weighted Lease Term by Income (years) 3.8 Weighted Lease Term by Income (years) 4.2 Weighted Lease Term by Income (years) 0.7 Available (%) 0 Available (%) 0 Available (%) 31 Year 2009 (%) 0 Year 2009 (%) 20 Year 2009 (%) 38 Year 2010 (%) 26 Year 2010 (%) 42 Year 2010 (%) 31 Year 2011 (%) 16 Year 2011 (%) 0 Year 2011 (%) 0 Year 2012 (%) 15 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 43 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 38 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 51 Industrial Portfolio – North America (continued)

601 South 55th Avenue, Phoenix, 1000 South Priest Drive, Phoenix, 1858 East Encanto Drive, Tempe, Arizona Arizona Arizona

The property is located south of I-10 and west The property is located east of I-10 between The property is located southwest of the of I-17 between West Van Buren and West University Drive and Broadway Road. One- 202 and 101 Freeway interchange between Buckeye Road. One-story, concrete tilt-up, story, concrete tilt-up, single tenant, flex University Drive and Broadway Road. Single, single tenant, warehouse building. Roof system building. Roof system is built-up tar. concrete tilt-up, multi-tenant, warehouse is built-up tar. building. Roof system is built-up tar.

Details Details Details Metro area Phoenix Metro area Phoenix Metro area Phoenix Building Type Distribution Centre Building Type Business Park Building Type Distribution Centre Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning A-2 Zoning I-1 Zoning I-2 Year Built 1986 Year Built 1988 Year Built 1990 Site Area (acres) 7.7 Site Area (acres) 3.8 Site Area (acres) 4.7 Lettable Area (‘000sf) 100.000 Lettable Area (‘000sf) 54.900 Lettable Area (‘000sf) 81.800 Site Coverage (%) 30 Site Coverage (%) 33 Site Coverage (%) 40 Number of Buildings 1 Number of Buildings 1 Number of Buildings 1 Number of Units 1 Number of Units 1 Number of Units 4 Average Unit Size (‘000sf) 100.000 Average Unit Size (‘000sf) 54.900 Average Unit Size (‘000sf) 20.454 Office Content (%) 9 Office Content (%) 22 Office Content (%) 9 Parking Space Ratio 0.50 Parking Space Ratio 3.22 Parking Space Ratio 1.77 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 4.6 Acquisition Price plus Additions (US$m) 5.0 Acquisition Price plus Additions (US$m) 4.3 Book Value (US$m) 5.7 Book Value (US$m) 6.0 Book Value (US$m) 6.4 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 5.7 Independent Valuation (US$m) 6.0 Independent Valuation (US$m) 6.4 Market Cap Rate (%) 6.50 Market Cap Rate (%) 6.50 Market Cap Rate (%) 6.50 Average Net Passing Rent (US$/sf) 4.08 Average Net Passing Rent (US$/sf) - Average Net Passing Rent (US$/sf) 5.12 Average Net Market Rent (US$/sf) 4.32 Average Net Market Rent (US$/sf) 9.00 Average Net Market Rent (US$/sf) 6.00 Initial Yield (%) 6.19 Initial Yield (%) 7.85 Initial Yield (%) 6.08 Discount Rate (%) 8.50 Discount Rate (%) 9.00 Discount Rate (%) 8.50 Major Tenant U.S. Greenfiber, LLC Major Tenant Vacant Major Tenant world Wide Parts & Accessories Leased By Area (%) 100 Leased By Area (%) 100 Leased By Area (%) 100 Weighted Lease Term by Income (years) 0.9 Weighted Lease Term by Income (years) -Weighted Lease Term by Income (years) 2.4 Available (%) 0 Available (%) 0 Available (%) 0 Year 2009 (%) 100 Year 2009 (%) 100 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2010 (%) 56 Year 2011 (%) 0 Year 2011 (%) 0 Year 2011 (%) 26 Year 2012 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 18 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

52 DEXUS property group PROPERTY SYNOPSIS 2008 1120-1150 West Alameda Drive, 10397 West Van Buren Street, 4190 East Santa Ana Street, Tempe, Arizona Tolleson, Arizona Bloomington, California

The property is located just east of I-10 and The property is located at 84th Avenue The property is located southwest of the I-10 I-53 interchange Broadway Road and Southern between Harrison and Jefferson, approximately and I-15 interchange just north of Jurupa Avenue . Four, concrete tilt-up, multi-tenant, 1/4 mile from I-10 loop and Loop 101. One- Street. Single, concrete tilt-up, multi-tenant, flex buildings. Roof systems are built-up tar. story, concrete tilt-up, multi-tenant, warehouse warehouse/flex building. Roof system is built- building. Roof system is built-up tar. up tar.

Details Details Details Metro area Phoenix Metro area Phoenix Metro area Riverside Building Type Business Park Building Type Distribution Centre Building Type Industrial Estate Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning I-2 Zoning I-1 City of Tolleson Zoning M2 - 1 Light Industrial Year Built 1984 Year Built 1997 Year Built 1989 Site Area (acres) 5.8 Site Area (acres) 14.6 Site Area (acres) 4.9 Lettable Area (‘000sf) 122.400 Lettable Area (‘000sf) 278.100 Lettable Area (‘000sf) 98.800 Site Coverage (%) 48 Site Coverage (%) 44 Site Coverage (%) 46 Number of Buildings 4 Number of Buildings 1 Number of Buildings 1 Number of Units 14 Number of Units 1 Number of Units 1 Average Unit Size (‘000sf) 8.745 Average Unit Size (‘000sf) 278.142 Average Unit Size (‘000sf) 98.782 Office Content (%) 16 Office Content (%) - Office Content (%) 10 Parking Space Ratio 1.69 Parking Space Ratio 0.62 Parking Space Ratio 1.20 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 7.9 Acquisition Price plus Additions (US$m) 8.5 Acquisition Price plus Additions (US$m) 4.9 Book Value (US$m) 10.0 Book Value (US$m) 14.8 Book Value (US$m) 9.0 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 10.0 Independent Valuation (US$m) 14.8 Independent Valuation (US$m) 9.0 Market Cap Rate (%) 6.50 Market Cap Rate (%) 6.00 Market Cap Rate (%) 5.50 Average Net Passing Rent (US$/sf) 6.83 Average Net Passing Rent (US$/sf) 3.48 Average Net Passing Rent (US$/sf) 5.53 Average Net Market Rent (US$/sf) 7.80 Average Net Market Rent (US$/sf) 3.96 Average Net Market Rent (US$/sf) 5.52 Initial Yield (%) 3.67 Initial Yield (%) 5.77 Initial Yield (%) 4.90 Discount Rate (%) 8.50 Discount Rate (%) 8.50 Discount Rate (%) 7.00 Major Tenant Arizona Board of Regents Major Tenant states Logistics Services, Inc. Major Tenant Halsteel, Inc. Leased By Area (%) 95 Leased By Area (%) 100 Leased By Area (%) 100 Weighted Lease Term by Income (years) 1.7 Weighted Lease Term by Income (years) 3.8 Weighted Lease Term by Income (years) 3.6 Available (%) 6 Available (%) 0 Available (%) 0 Year 2009 (%) 28 Year 2009 (%) 0 Year 2009 (%) 0 Year 2010 (%) 10 Year 2010 (%) 0 Year 2010 (%) 0 Year 2011 (%) 46 Year 2011 (%) 0 Year 2011 (%) 0 Year 2012 (%) 11 Year 2012 (%) 100 Year 2012 (%) 100 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 53 Industrial Portfolio – North America (continued)

14555 Alondra Boulevard, La 5823 Newton Drive, Carlsbad, 13602 12th Street, Chino, Mirada & 6530 Altura Boulevard, California California Buena Park, California

Adjacent to Interstate 5 at the Los Angeles The property is located at the end of a The property is located one mile south of the County/Orange County in the city of La Mirada cul-de-sac at Newton Drive just north of the Pomona (60) Freeway between Central and and Buena Park. Access to I-5 at Valley View intersection of College Blvd. and Palomar Mountain Avenues. One-story, concrete tilt-up, or Knott Avenue are within one mile of both Road, approximately three miles east of the of multi-tenant, industrial building. Roof system is buildings. Two, concrete tilt-up, single tenant, the I-5 and five miles west of the 78 Freeway built-up tar. warehouse buildings. Roof systems are built off College Boulevard. Single, concrete tilt-up, up tar. single tenant, flex building. Roof system is built-up tar.

Details Details Details Metro area Los Angeles Metro area San Diego Metro area Riverside Building Type Distribution Centre Building Type Business Park Building Type Distribution Centre Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning Industrial Zoning RLI - Research Light Industrial Zoning M2 - 1 Light Industrial Year Built 1967 Year Built 1999 Year Built 1987 Site Area (acres) 15.6 Site Area (acres) 14.9 Site Area (acres) 4.8 Lettable Area (‘000sf) 304.400 Lettable Area (‘000sf) 179.700 Lettable Area (‘000sf) 104.600 Site Coverage (%) 45 Site Coverage (%) 28 Site Coverage (%) 50 Number of Buildings 2 Number of Buildings 1 Number of Buildings 1 Number of Units 2 Number of Units 2 Number of Units 2 Average Unit Size (‘000sf) 152.220 Average Unit Size (‘000sf) 89.861 Average Unit Size (‘000sf) 52.300 Office Content (%) 9 Office Content (%) 50 Office Content (%) 5 Parking Space Ratio 0.85 Parking Space Ratio 2.37 Parking Space Ratio 1.61 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 17.5 Acquisition Price plus Additions (US$m) 16.4 Acquisition Price plus Additions (US$m) 6.1 Book Value (US$m) 23.5 Book Value (US$m) 23.1 Book Value (US$m) 9.3 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 23.5 Independent Valuation (US$m) 23.1 Independent Valuation (US$m) 9.3 Market Cap Rate (%) 6.50 Market Cap Rate (%) 7.00 Market Cap Rate (%) 5.50 Average Net Passing Rent (US$/sf) 4.92 Average Net Passing Rent (US$/sf) 10.32 Average Net Passing Rent (US$/sf) 5.32 Average Net Market Rent (US$/sf) 6.00 Average Net Market Rent (US$/sf) 10.80 Average Net Market Rent (US$/sf) 5.28 Initial Yield (%) 6.64 Initial Yield (%) 5.68 Initial Yield (%) 2.20 Discount Rate (%) 7.50 Discount Rate (%) 8.50 Discount Rate (%) 7.00 Major Tenant Kittrich Corporation Major Tenant Graham Webb International Major Tenant Wayne-Dalton Corporation Leased By Area (%) 100 Leased By Area (%) 100 Leased By Area (%) 100 Weighted Lease Term by Income (years) 1.4 Weighted Lease Term by Income (years) 1.1 Weighted Lease Term by Income (years) 0.8 Available (%) 0 Available (%) 0 Available (%) 0 Year 2009 (%) 70 Year 2009 (%) 0 Year 2009 (%) 100 Year 2010 (%) 0 Year 2010 (%) 98 Year 2010 (%) 0 Year 2011 (%) 0 Year 2011 (%) 2 Year 2011 (%) 0 Year 2012 (%) 30 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

54 DEXUS property group PROPERTY SYNOPSIS 2008 14489 Industry Circle, La Mirada, 3550 Tyburn Street & 3332–3424 3590 De Forest Circle, Mira Loma, California N.San Fernando Road, Los California Angeles, California

Adjacent to Interstate 5 at the Los Angeles Regional access is provided via I-5 at Glendale The property is located northeast of the I-15 County/Orange County in the city of La Mirada. Boulevard or the Glendale (2) Freeway and 60 Freeway interchange off Etiwanda. Access to I-5 at Valley View or Knott Avenue at San Fernando Road. The property is Single, concrete tilt-up, multi-tenant, are within one mile of the building. Seven, located between Glendale Blvd. and Fletcher warehouse building. Roof system is built-up concrete tilt-up, multi-tenant, warehouse Drive. Seven, concrete tilt-up, multi-tenant, tar. buildings. Roof systems are built up tar. warehouse buildings. Roof systems are built up tar.

Details Details Details Metro area Los Angeles Metro area Los Angeles Metro area Riverside Building Type Distribution Centre Building Type Industrial Estate Building Type Distribution Centre Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning Industrial Zoning LA MZ-1 Zoning M2 - 1 Light Industrial Year Built 1967 Year Built 1966 Year Built 1992 Site Area (acres) 5.2 Site Area (acres) 20.7 Site Area (acres) 10.7 Lettable Area (‘000sf) 112.900 Lettable Area (‘000sf) 451.400 Lettable Area (‘000sf) 250.600 Site Coverage (%) 50 Site Coverage (%) 50 Site Coverage (%) 54 Number of Buildings 1 Number of Buildings 8 Number of Buildings 1 Number of Units 1 Number of Units 28 Number of Units 1 Average Unit Size (‘000sf) 112.946 Average Unit Size (‘000sf) 16.122 Average Unit Size (‘000sf) 250.584 Office Content (%) 12 Office Content (%) 13 Office Content (%) 2 Parking Space Ratio 1.04 Parking Space Ratio 1.33 Parking Space Ratio 0.60 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 7.2 Acquisition Price plus Additions (US$m) 51.2 Acquisition Price plus Additions (US$m) 10.4 Book Value (US$m) 12.1 Book Value (US$m) 71.0 Book Value (US$m) 20.0 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 11.2 Independent Valuation (US$m) 71.0 Independent Valuation (US$m) 20.0 Market Cap Rate (%) 5.75 Market Cap Rate (%) 5.75 Market Cap Rate (%) 5.50 Average Net Passing Rent (US$/sf) 6.24 Average Net Passing Rent (US$/sf) 9.34 Average Net Passing Rent (US$/sf) 5.09 Average Net Market Rent (US$/sf) 6.60 Average Net Market Rent (US$/sf) 8.94 Average Net Market Rent (US$/sf) 5.04 Initial Yield (%) 4.45 Initial Yield (%) 5.64 Initial Yield (%) 5.87 Discount Rate (%) 7.00 Discount Rate (%) 7.00 Discount Rate (%) 7.00 Major Tenant Damac Products, Inc. Major Tenant a & A Amalgamated Printing Major Tenant Domtar Paper Company Leased By Area (%) 55 Leased By Area (%) 99 Leased By Area (%) 100 Weighted Lease Term by Income (years) 4.5 Weighted Lease Term by Income (years) 3.7 Weighted Lease Term by Income (years) 1.9 Available (%) 45 Available (%) 1 Available (%) 0 Year 2009 (%) 0 Year 2009 (%) 12 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 19 Year 2010 (%) 100 Year 2011 (%) 0 Year 2011 (%) 10 Year 2011 (%) 0 Year 2012 (%) 0 Year 2012 (%) 22 Year 2012 (%) 0 Year 2013 (%) 55 Year 2013 (%) 9 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 6 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 11 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 10 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 55 Industrial Portfolio – North America (continued)

1450 E Francis Street, 4200 E 3691 North Perris Boulevard, 12000 Jersey Court, Rancho Santa Ana Street, 1951 S Parco Perris, California Cucamonga, California Street, 1401 E Cedar Street, 1777 Vintage Avenue, Ontario, California

The properties are located at the northeast The property is rectangular, except for a The property is located northwest of the I-10 end of Ontario, and accessed via the San 1 acre parcel at the southwest corner of Perris and I-15 interchange off of Rochester Avenue Bernardino (10), Pomona (60), and the Ontario Boulevard and Morgan Street, and makes with I-15 visibility. Single, concrete tilt-up, (15) freeways. Five, concrete tilt-up, multi- up an entire block along Perris Boulevard, single tenant, warehouse building. Roof system tenant, warehouse/flex buildings. Roof systems between Dawes Street and Morgan Street. is built-up tar. are built-up tar. Access to the site is possible from both Perris Boulevard at the front of the property and Redlands Avenue .

Details Details Details Metro area Riverside Metro area Riverside Metro area Riverside Building Type Industrial Estate Building Type Warehouse Building Type Distribution Centre Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning M2 - 1 Light Industrial Zoning Light Industrial (FTZ) Zoning M2 - 1 Light Industrial Year Built 1989 Year Built 2007 Year Built 1989 Site Area (acres) 37.5 Site Area (acres) 80.0 Site Area (acres) 4.3 Lettable Area (‘000sf) 571.800 Lettable Area (‘000sf) 1,686.600 Lettable Area (‘000sf) 88.100 Site Coverage (%) 35 Site Coverage (%) 48 Site Coverage (%) 47 Number of Buildings 5 Number of Buildings 1 Number of Buildings 1 Number of Units 12 Number of Units 1 Number of Units 4 Average Unit Size (‘000sf) 47.647 Average Unit Size (‘000sf) 1,686.590 Average Unit Size (‘000sf) 22.034 Office Content (%) 5 Office Content (%) 1 Office Content (%) 2 Parking Space Ratio 1.35 Parking Space Ratio 0.18 Parking Space Ratio 1.34 Acquisition Date Sep-2004 Acquisition Date Jan-2008 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 28.9 Acquisition Price plus Additions (US$m) 129.0 Acquisition Price plus Additions (US$m) 4.2 Book Value (US$m) 48.5 Book Value (US$m) 127.0 Book Value (US$m) 7.4 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 48.5 Independent Valuation (US$m) 127.0 Independent Valuation (US$m) 7.4 Market Cap Rate (%) 5.50 Market Cap Rate (%) 6.50 Market Cap Rate (%) 5.75 Average Net Passing Rent (US$/sf) 5.80 Average Net Passing Rent (US$/sf) 4.96 Average Net Passing Rent (US$/sf) 6.51 Average Net Market Rent (US$/sf) 6.06 Average Net Market Rent (US$/sf) 4.32 Average Net Market Rent (US$/sf) 6.56 Initial Yield (%) 5.39 Initial Yield (%) 2.99 Initial Yield (%) 4.19 Discount Rate (%) 7.25 Discount Rate (%) 7.50 Discount Rate (%) 7.00 Major Tenant Skechers USA, Inc. Major Tenant Whirlpool Corporation Major Tenant Metro Express, Inc. Leased By Area (%) 97 Leased By Area (%) 100 Leased By Area (%) 81 Weighted Lease Term by Income (years) 1.4 Weighted Lease Term by Income (years) 9.6 Weighted Lease Term by Income (years) 1.8 Available (%) 4 Available (%) 0 Available (%) 21 Year 2009 (%) 17 Year 2009 (%) 0 Year 2009 (%) 20 Year 2010 (%) 63 Year 2010 (%) 0 Year 2010 (%) 0 Year 2011 (%) 11 Year 2011 (%) 0 Year 2011 (%) 59 Year 2012 (%) 5 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 100 Year 2018+ (%) 0

56 DEXUS property group PROPERTY SYNOPSIS 2008 11653 6th Street, Santa Anita 7510-7520 Airway Road, San Summit Oaks, Vanderbilt Way, Avenue, 9357 Richmond Place, Diego, California Santa Clarita, California & 9371 Buffalo Avenue, Rancho Cucamonga, California

Three of the buildings (Richmond Pl., Buffalo The property is located in Otay Mesa off A development comprising 139,392 sf Class Ave. and Sixth St.) are located northwest of the 905 Freeway at the corner of Britannia A multi-tenant office space in the Valencia the I-10 and I-15 interchange. Santa Anita Way and Airway Road. The 905 Freeway is community of Santa Clarita, California, with is located northeast of the I-10 and I-15 located 12 miles east of the San Diego (5) covered parking for 380 cars. The development interchange. The properties are also easily Freeway. Single, concrete tilt-up, multi-tenant, is being undertaken in joint venture with Parker accessed via the Pomona (60) Freeway. Four, warehouse/flex building. Roof system is built- Properties and is scheduled for completion in concrete tilt-up, multi-tenant, warehouse/flex up tar. 2008. buildings. Roof systems are built-up tar.

Details Details Details Metro area Riverside Metro area San Diego Metro area Los Angeles Building Type Industrial Estate Building Type Industrial Estate Building Type Office Park Ownership (%) 100 Ownership (%) 100 Ownership (%) 91.6 Co-Owner - Co-Owner - Co-Owner Parker Properties Zoning M2 - 1 Light Industrial Zoning M2-1 Light Industrial Zoning - Year Built 1988 Year Built 1988 Year Built - Site Area (acres) 23.3 Site Area (acres) 11.6 Site Area (acres) 4.3 Lettable Area (‘000sf) 429.500 Lettable Area (‘000sf) 120.800 Lettable Area (‘000sf) - Site Coverage (%) 42 Site Coverage (%) 24 Site Coverage (%) - Number of Buildings 4 Number of Buildings 2 Number of Buildings - Number of Units 14 Number of Units 5 Number of Units - Average Unit Size (‘000sf) 30.679 Average Unit Size (‘000sf) 24.164 Average Unit Size (‘000sf) - Office Content (%) 5 Office Content (%) 19 Office Content (%) - Parking Space Ratio 1.78 Parking Space Ratio 2.56 Parking Space Ratio - Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Dec-2006 Acquisition Price plus Additions (US$m) 21.6 Acquisition Price plus Additions (US$m) 9.2 Acquisition Price plus Additions (US$m) 35.8 Book Value (US$m) 36.5 Book Value (US$m) 10.0 Book Value (US$m) 35.8 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date - Independent Valuation (US$m) 36.5 Independent Valuation (US$m) 10.0 Independent Valuation (US$m) - Market Cap Rate (%) 5.75 Market Cap Rate (%) 7.00 Market Cap Rate (%) - Average Net Passing Rent (US$/sf) 6.38 Average Net Passing Rent (US$/sf) 8.33 Average Net Passing Rent (US$/sf) - Average Net Market Rent (US$/sf) 6.49 Average Net Market Rent (US$/sf) 6.36 Average Net Market Rent (US$/sf) - Initial Yield (%) 5.18 Initial Yield (%) 9.80 Initial Yield (%) - Discount Rate (%) 7.25 Discount Rate (%) 8.00 Discount Rate (%) - Major Tenant weber Distribution Warehouses Major Tenant Illinois Tool Works, Inc. Major Tenant - Leased By Area (%) 100 Leased By Area (%) 100 Leased By Area (%) - Weighted Lease Term by Income (years) 1.4 Weighted Lease Term by Income (years) 2.2 Weighted Lease Term by Income (years) - Available (%) 0 Available (%) 0 Available (%) 0 Year 2009 (%) 14 Year 2009 (%) 56 Year 2009 (%) 0 Year 2010 (%) 73 Year 2010 (%) 0 Year 2010 (%) 0 Year 2011 (%) 9 Year 2011 (%) 0 Year 2011 (%) 0 Year 2012 (%) 4 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 44 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 57 Industrial Portfolio – North America (continued)

9210 San Fernando Road, Sun 2210 Oak Ridge Way, Vista, 7500 Exchange Drive, Orlando, Valley, California California Florida

The property is located north of the intersection The property is located west of the 78 Freeway The property is located in Orlando Central of the Golden State (5) Freeway and the and south of Sycamore Avenue on the corner Park in Southwest Orlando. Access is provided Hollywood (170) Freeway on San Fernando of Melrose and Oak Ridge Way. Single, by I-4 to the west (2 miles), the Beeline Road at Sheldon Street. One, concrete tilt-up, concrete tilt-up, single tenant, flex building. Expressway to the south (2 miles) and Florida’s multi-tenant, warehouse/flex building. Roof Roof system is built-up tar. Turnpike to the east (1 mile). One, concrete system is membrane/EPDM. tilt-up, multi-tenant, warehouse/flex building. Roof system is membrane/EPDM.

Details Details Details Metro area Los Angeles Metro area San Diego Metro area Orlando Building Type Industrial Estate Building Type Business Park Building Type Industrial Estate Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning M1 - 1 Zoning RLI - Research Light Industrial Zoning i-3 by Orange County Planning and Zoning Year Built 1980 Year Built 1972 Year Built 1979 Site Area (acres) 8.4 Site Area (acres) 3.4 Site Area (acres) 5.2 Lettable Area (‘000sf) 181.600 Lettable Area (‘000sf) 53.200 Lettable Area (‘000sf) 115.700 Site Coverage (%) 49 Site Coverage (%) 36 Site Coverage (%) 51 Number of Buildings 1 Number of Buildings 1 Number of Buildings 1 Number of Units 2 Number of Units 1 Number of Units 5 Average Unit Size (‘000sf) 90.818 Average Unit Size (‘000sf) 53.239 Average Unit Size (‘000sf) 23.146 Office Content (%) 2 Office Content (%) 33 Office Content (%) 8 Parking Space Ratio 1.77 Parking Space Ratio 2.63 Parking Space Ratio 0.84 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 14.6 Acquisition Price plus Additions (US$m) 5.0 Acquisition Price plus Additions (US$m) 5.5 Book Value (US$m) 25.0 Book Value (US$m) 6.5 Book Value (US$m) 7.1 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 25.0 Independent Valuation (US$m) 6.5 Independent Valuation (US$m) 7.1 Market Cap Rate (%) 5.25 Market Cap Rate (%) 6.50 Market Cap Rate (%) 6.50 Average Net Passing Rent (US$/sf) 7.38 Average Net Passing Rent (US$/sf) 9.57 Average Net Passing Rent (US$/sf) 4.31 Average Net Market Rent (US$/sf) 7.80 Average Net Market Rent (US$/sf) 9.60 Average Net Market Rent (US$/sf) 4.50 Initial Yield (%) 5.18 Initial Yield (%) 7.23 Initial Yield (%) 5.78 Discount Rate (%) 7.00 Discount Rate (%) 8.50 Discount Rate (%) 8.00 Major Tenant fedex Ground Package System Major Tenant Solatube International, Inc. Major Tenant Kaycan Ltd Leased By Area (%) 100 Leased By Area (%) 100 Leased By Area (%) 100 Weighted Lease Term by Income (years) 1.4 Weighted Lease Term by Income (years) 0.7 Weighted Lease Term by Income (years) 1.6 Available (%) 0 Available (%) 0 Available (%) 0 Year 2009 (%) 83 Year 2009 (%) 100 Year 2009 (%) 33 Year 2010 (%) 0 Year 2010 (%) 0 Year 2010 (%) 16 Year 2011 (%) 0 Year 2011 (%) 0 Year 2011 (%) 51 Year 2012 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 17 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

58 DEXUS property group PROPERTY SYNOPSIS 2008 Orlando Central Park, 7600 Kings- 13201 South Orange Avenue, Turnpike Distribution Centre, pointe Parkway, 8259 Exchange Orlando, Florida 1580 NW 27th Avenue, Pompano Drive, 7451-7488 Brokerage Drive, Beach, Florida 2900-2901 Titan Row, Orlando, Florida

The properties are located in Orlando Central A one-story building with tilt up concrete 268,000 sf distribution centre under Park in Southwest Orlando and are accessible panel wall and steel columns. The slab is 6 construction, located in the Medley submarket by I-4, the Beeline Expressway and Florida’s reinforced concrete which can handle 4,000 8 miles northwest of Miami Int’l airport, with Turnpike. Seven, concrete tilt-up, multi-tenant, PSI. The roof is a steel bar joist and metal access to the Florida Turnpike. The building warehouse/flex buildings. Roof systems are decking structure with a three ply roof system has a +/-30ft clear height ceiling, 4 loading membrane/EPDM and built up tar. with modified bitumen cap. The building has doors per bay, a 60ft deep interior staging area, a 32’ clear height and 2 drive-in doors and 44 tilt wall construction with a metal bar joist/steel dock-high doors and 250 trailer parking stalls. roof deck and a ESFR fire sprinkler system.

Details Details Details Metro area Orlando Metro area Orlando Metro area South Florida Building Type Industrial Estate Building Type Distribution Centre Building Type Distribution Centre Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning i-3 by Orange County Planning and Zoning Zoning S-2 Low Hazard Storage Zoning M-1, Medley Industrial Year Built 1984 Year Built 2007 Year Built 2007 Site Area (acres) 60.1 Site Area (acres) 28.0 Site Area (acres) 17.7 Lettable Area (‘000sf) 1,274.800 Lettable Area (‘000sf) 503.500 Lettable Area (‘000sf) 268.000 Site Coverage (%) 49 Site Coverage (%) 41 Site Coverage (%) 35 Number of Buildings 7 Number of Buildings 1 Number of Buildings 1 Number of Units 25 Number of Units 1 Number of Units 4 Average Unit Size (‘000sf) 50.992 Average Unit Size (‘000sf) 503.504 Average Unit Size (‘000sf) 66.995 Office Content (%) 9 Office Content (%) 2 Office Content (%) 5 Parking Space Ratio 0.96 Parking Space Ratio 0.30 Parking Space Ratio 1.25 Acquisition Date Sep-2004 Acquisition Date Jun-2007 Acquisition Date Sep-2005 Acquisition Price plus Additions (US$m) 60.2 Acquisition Price plus Additions (US$m) 22.7 Acquisition Price plus Additions (US$m) 22.0 Book Value (US$m) 73.4 Book Value (US$m) 29.5 Book Value (US$m) 28.8 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 73.4 Independent Valuation (US$m) 29.5 Independent Valuation (US$m) 28.8 Market Cap Rate (%) 6.50 Market Cap Rate (%) 6.50 Market Cap Rate (%) 6.75 Average Net Passing Rent (US$/sf) 4.05 Average Net Passing Rent (US$/sf) 3.62 Average Net Passing Rent (US$/sf) 7.75 Average Net Market Rent (US$/sf) 4.25 Average Net Market Rent (US$/sf) 4.00 Average Net Market Rent (US$/sf) 7.50 Initial Yield (%) 6.18 Initial Yield (%) 5.92 Initial Yield (%) 5.48 Discount Rate (%) 8.00 Discount Rate (%) 8.00 Discount Rate (%) 8.00 Major Tenant universal City Develppment Partners Major Tenant Whirlpool Corporation Major Tenant Mattress Giant Corporation Leased By Area (%) 100 Leased By Area (%) 100 Leased By Area (%) 100 Weighted Lease Term by Income (years) 3.1 Weighted Lease Term by Income (years) 9.0 Weighted Lease Term by Income (years) 6.0 Available (%) 0 Available (%) 0 Available (%) 0 Year 2009 (%) 13 Year 2009 (%) 0 Year 2009 (%) 0 Year 2010 (%) 14 Year 2010 (%) 0 Year 2010 (%) 0 Year 2011 (%) 23 Year 2011 (%) 0 Year 2011 (%) 0 Year 2012 (%) 28 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 10 Year 2013 (%) 0 Year 2013 (%) 65 Year 2014 (%) 5 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 6 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 100 Year 2018+ (%) 35

DEXUS property group PROPERTY SYNOPSIS 2008 59 Industrial Portfolio – North America (continued)

Northpoint Business Park, 3765 Atlanta Industrial Drive NW, 1000-1200 Williams Street NW, 300-1400 Northpoint Parkway, Atlanta, Georgia Atlanta, Georgia West Palm Beach, Florida

The buildings are located in the Northpoint I-20 West Fulton Submarket, approximately Northwest submarket, along I-75 and I-575. Business Park three miles east of the FLA two miles from the intersection of the I-285 Nearby to Canton Road (Hwy Spur 5) at the Turnpike interchange and 1/2 mile west of I-95 and Bankhead Hwy and five miles from the intersection of Williams Dr. and Guffen. Three interchange via 45th Street. Three one-story, I-20 Fulton Industrial Pkwy Intersection. One- one-story, brick and steel, single/multi-tenant concrete tilt-up, multi-tenant, warehouse story, concrete tilt up, multi-tenant warehouse warehouse buildings. Roof systems are buildings. Roof systems are built up tar. building. Roof system is membrane/EPDM. modified bitumen and roof membrane.

Details Details Details Metro area South Florida Metro area Atlanta Metro area Atlanta Building Type Distribution Centre Building Type Distribution Centre Building Type Distribution Centre Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning cpd Commercial Planned Development Zoning I2, Heavy Industrial Zoning LI Year Built 2000 Year Built 1986 Year Built 1987 Site Area (acres) 12.8 Site Area (acres) 10.3 Site Area (acres) 14.2 Lettable Area (‘000sf) 147.300 Lettable Area (‘000sf) 162.000 Lettable Area (‘000sf) 208.300 Site Coverage (%) 26 Site Coverage (%) 36 Site Coverage (%) 34 Number of Buildings 3 Number of Buildings 1 Number of Buildings 3 Number of Units 12 Number of Units 3 Number of Units 14 Average Unit Size (‘000sf) 12.278 Average Unit Size (‘000sf) 53.988 Average Unit Size (‘000sf) 14.880 Office Content (%) 43 Office Content (%) 12 Office Content (%) 15 Parking Space Ratio 3.00 Parking Space Ratio 1.73 Parking Space Ratio 2.38 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 21.2 Acquisition Price plus Additions (US$m) 5.3 Acquisition Price plus Additions (US$m) 10.0 Book Value (US$m) 20.5 Book Value (US$m) 4.4 Book Value (US$m) 9.9 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 20.5 Independent Valuation (US$m) 4.4 Independent Valuation (US$m) 9.9 Market Cap Rate (%) 7.00 Market Cap Rate (%) 7.50 Market Cap Rate (%) 7.25 Average Net Passing Rent (US$/sf) 7.51 Average Net Passing Rent (US$/sf) 2.56 Average Net Passing Rent (US$/sf) 5.45 Average Net Market Rent (US$/sf) 7.18 Average Net Market Rent (US$/sf) 2.32 Average Net Market Rent (US$/sf) 5.27 Initial Yield (%) 8.80 Initial Yield (%) 6.11 Initial Yield (%) 7.02 Discount Rate (%) 8.25 Discount Rate (%) 8.25 Discount Rate (%) 8.75 Major Tenant Lockheed Martin Aerospace Corporation Major Tenant Easoon USA, Llc Major Tenant CDE Services, Inc. Leased By Area (%) 77 Leased By Area (%) 100 Leased By Area (%) 94 Weighted Lease Term by Income (years) 2.8 Weighted Lease Term by Income (years) 2.3 Weighted Lease Term by Income (years) 2.1 Available (%) 16 Available (%) 0 Available (%) 6 Year 2009 (%) 2 Year 2009 (%) 0 Year 2009 (%) 41 Year 2010 (%) 28 Year 2010 (%) 69 Year 2010 (%) 7 Year 2011 (%) 29 Year 2011 (%) 0 Year 2011 (%) 7 Year 2012 (%) 2 Year 2012 (%) 0 Year 2012 (%) 36 Year 2013 (%) 22 Year 2013 (%) 31 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 4

60 DEXUS property group PROPERTY SYNOPSIS 2008 300 Townpark Drive, Kennesaw, 7100 Highlands Parkway SE, 5111-5151 Royal Atlanta Drive, Georgia Smyrna, Georgia Tucker, Georgia

Northwest submarket, proximate to both I-75 I-20 West Fulton Submarket, three miles from Approximately 10 miles from I-85 and 3 miles and I-575 via Chastain Road. Two one-story, I-285, approximately 15 miles from downtown from US 78. The property is one mile from the concrete tilt up, multi-tenant flex buildings. Atlanta and ten miles from the Atlanta airport. intersection of South Royal Drive and Mountain Roof system is membrane/EPDM. One-story, concrete tilt up, single tenant flex Industrial/Jimmy Carter Boulevard. Three one- building. Roof system is membrane/EPDM. story, brick, multi-tenant warehouse buildings. Roof systems are built up tar and metal.

Details Details Details Metro area Atlanta Metro area Atlanta Metro area Atlanta Building Type Business Park Building Type Business Park Building Type Industrial Estate Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning OS Zoning HI Zoning M (Light Industrial) Year Built 1995 Year Built 1997 Year Built 1987 Site Area (acres) 10.0 Site Area (acres) 25.0 Site Area (acres) 6.5 Lettable Area (‘000sf) 121.400 Lettable Area (‘000sf) 150.000 Lettable Area (‘000sf) 134.200 Site Coverage (%) 28 Site Coverage (%) 14 Site Coverage (%) 47 Number of Buildings 2 Number of Buildings 1 Number of Buildings 3 Number of Units 8 Number of Units 1 Number of Units 17 Average Unit Size (‘000sf) 15.173 Average Unit Size (‘000sf) 150.000 Average Unit Size (‘000sf) 7.892 Office Content (%) 24 Office Content (%) 100 Office Content (%) 22 Parking Space Ratio 1.70 Parking Space Ratio 0.70 Parking Space Ratio 1.48 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 6.6 Acquisition Price plus Additions (US$m) 14.7 Acquisition Price plus Additions (US$m) 7.3 Book Value (US$m) 8.6 Book Value (US$m) 12.9 Book Value (US$m) 6.0 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 8.6 Independent Valuation (US$m) 12.9 Independent Valuation (US$m) 6.0 Market Cap Rate (%) 6.75 Market Cap Rate (%) 7.50 Market Cap Rate (%) 7.75 Average Net Passing Rent (US$/sf) 7.78 Average Net Passing Rent (US$/sf) 7.84 Average Net Passing Rent (US$/sf) 5.11 Average Net Market Rent (US$/sf) 6.22 Average Net Market Rent (US$/sf) 7.50 Average Net Market Rent (US$/sf) 4.80 Initial Yield (%) 6.80 Initial Yield (%) 7.65 Initial Yield (%) 5.39 Discount Rate (%) 8.25 Discount Rate (%) 8.50 Discount Rate (%) 9.00 Major Tenant Healthtronics, Inc. Major Tenant international Business Machines Major Tenant Bionew USA Corporation Leased By Area (%) 95 Leased By Area (%) 100 Leased By Area (%) 96 Weighted Lease Term by Income (years) 1.4 Weighted Lease Term by Income (years) 4.0 Weighted Lease Term by Income (years) 2.0 Available (%) 7 Available (%) 0 Available (%) 4 Year 2009 (%) 43 Year 2009 (%) 0 Year 2009 (%) 35 Year 2010 (%) 0 Year 2010 (%) 0 Year 2010 (%) 18 Year 2011 (%) 43 Year 2011 (%) 0 Year 2011 (%) 18 Year 2012 (%) 0 Year 2012 (%) 0 Year 2012 (%) 13 Year 2013 (%) 7 Year 2013 (%) 100 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 11 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 61 Industrial Portfolio – North America (continued)

850 E Devon Avenue, 1260 N 1825 Airport Exchange Boulevard, 3368-3372 Turfway Road, Ellis Street, 371 Meyer Road, Erlanger, Kentucky Erlanger, Kentucky Bensenville, Ilinois

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

Details Details Details Metro area Chicago Metro area Cincinnati Metro area Cincinnati Building Type Industrial/Warehouse Building Type Distribution Centre Building Type Industrial Estate Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning i-2, Light Industrial in the Village of Bensenville Zoning I-1 Zoning I-1 Year Built 2007 Year Built 1997 Year Built 1990 Site Area (acres) 12.5 Site Area (acres) 5.7 Site Area (acres) 12.0 Lettable Area (‘000sf) 255.400 Lettable Area (‘000sf) 67.700 Lettable Area (‘000sf) 111.900 Site Coverage (%) 47 Site Coverage (%) 27 Site Coverage (%) 21 Number of Buildings 3 Number of Buildings 1 Number of Buildings 3 Number of Units 9 Number of Units 5 Number of Units 9 Average Unit Size (‘000sf) 28.376 Average Unit Size (‘000sf) 13.550 Average Unit Size (‘000sf) 12.438 Office Content (%) 4 Office Content (%) 21 Office Content (%) 17 Parking Space Ratio 0.99 Parking Space Ratio 1.98 Parking Space Ratio 1.05 Acquisition Date Dec-2007 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 30.3 Acquisition Price plus Additions (US$m) 4.4 Acquisition Price plus Additions (US$m) 5.3 Book Value (US$m) 29.5 Book Value (US$m) 3.4 Book Value (US$m) 5.1 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 29.5 Independent Valuation (US$m) 3.4 Independent Valuation (US$m) 5.0 Market Cap Rate (%) 6.00 Market Cap Rate (%) 8.50 Market Cap Rate (%) 8.25 Average Net Passing Rent (US$/sf) 7.94 Average Net Passing Rent (US$/sf) 6.90 Average Net Passing Rent (US$/sf) 4.34 Average Net Market Rent (US$/sf) 7.75 Average Net Market Rent (US$/sf) 5.25 Average Net Market Rent (US$/sf) 4.39 Initial Yield (%) 0.92 Initial Yield (%) 1.60 Initial Yield (%) 4.35 Discount Rate (%) 7.00 Discount Rate (%) 9.00 Discount Rate (%) 9.25 Major Tenant Levantina, USA Major Tenant Kuehne + Nagel Inc. Major Tenant Cintas Corporation Leased By Area (%) 43 Leased By Area (%) 51 Leased By Area (%) 68 Weighted Lease Term by Income (years) 6.5 Weighted Lease Term by Income (years) 3.2 Weighted Lease Term by Income (years) 1.0 Available (%) 67 Available (%) 37 Available (%) 27 Year 2009 (%) 0 Year 2009 (%) 10 Year 2009 (%) 31 Year 2010 (%) 0 Year 2010 (%) 0 Year 2010 (%) 23 Year 2011 (%) 0 Year 2011 (%) 17 Year 2011 (%) 19 Year 2012 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 35 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 33 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

62 DEXUS property group PROPERTY SYNOPSIS 2008 7453 Empire Drive, Florence, 7930 & 7940 Kentucky Drive, 5-11 Spiral Drive, Florence, Kentucky Florence, Kentucky Kentucky

Proximate to I 71/75 & Dixie Hwy just The property is located just east of I 71/75, The property is located just north of the I 71/ southwest of the Dixie Highway and Industrial proximate to Dixie Highway and Industrial Houston Road exit. Two one story, brick on Road intersection. Three one story, masonry Road intersection. Two one story, concrete tilt- block, single/multi- tenant flex buildings. Roof single/multi-tenant warehouse buildings. Roof up & masonry and metal, single/multi- tenant systems are built-up tar. systems are membrane/EPDM. warehouse/flex buildings. Roof systems are membrane/EPDM and metal.

Details Details Details Metro area Cincinnati Metro area Cincinnati Metro area Cincinnati Building Type Distribution Centre Building Type Industrial Estate Building Type Business Park Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning I-2 Zoning I-2 Zoning I-1 Year Built 1991 Year Built 1991 Year Built 1988 Site Area (acres) 22.4 Site Area (acres) 27.7 Site Area (acres) 6.0 Lettable Area (‘000sf) 196.900 Lettable Area (‘000sf) 347.400 Lettable Area (‘000sf) 61.900 Site Coverage (%) 20 Site Coverage (%) 29 Site Coverage (%) 24 Number of Buildings 3 Number of Buildings 2 Number of Buildings 2 Number of Units 8 Number of Units 3 Number of Units 12 Average Unit Size (‘000sf) 24.617 Average Unit Size (‘000sf) 115.792 Average Unit Size (‘000sf) 5.159 Office Content (%) 12 Office Content (%) 17 Office Content (%) 74 Parking Space Ratio - Parking Space Ratio 1.07 Parking Space Ratio 4.10 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 6.3 Acquisition Price plus Additions (US$m) 11.2 Acquisition Price plus Additions (US$m) 6.0 Book Value (US$m) 6.7 Book Value (US$m) 15.2 Book Value (US$m) 6.0 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 6.7 Independent Valuation (US$m) 15.2 Independent Valuation (US$m) 6.0 Market Cap Rate (%) 8.25 Market Cap Rate (%) 7.25 Market Cap Rate (%) 7.75 Average Net Passing Rent (US$/sf) 2.78 Average Net Passing Rent (US$/sf) 4.55 Average Net Passing Rent (US$/sf) 10.86 Average Net Market Rent (US$/sf) 3.01 Average Net Market Rent (US$/sf) 3.58 Average Net Market Rent (US$/sf) 8.50 Initial Yield (%) 6.75 Initial Yield (%) 6.56 Initial Yield (%) 7.41 Discount Rate (%) 9.00 Discount Rate (%) 7.75 Discount Rate (%) 8.25 Major Tenant Bluegrass Products LLC Major Tenant continental Pet Technologies Major Tenant Internal Revenue Service Leased By Area (%) 96 Leased By Area (%) 100 Leased By Area (%) 94 Weighted Lease Term by Income (years) 1.9 Weighted Lease Term by Income (years) 1.7 Weighted Lease Term by Income (years) 5.0 Available (%) 5 Available (%) 0 Available (%) 4 Year 2009 (%) 5 Year 2009 (%) 0 Year 2009 (%) 14 Year 2010 (%) 72 Year 2010 (%) 62 Year 2010 (%) 13 Year 2011 (%) 8 Year 2011 (%) 38 Year 2011 (%) 2 Year 2012 (%) 10 Year 2012 (%) 0 Year 2012 (%) 11 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 4 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 34 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 17 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 63 Industrial Portfolio – North America (continued)

1910 International Way, Hebron, Fort Holabird Industrial, 1811 9112 Guilford Road, Columbia, Kentucky & 1831 Portal Street, & 6615 Maryland Tributary Street, Baltimore, Maryland

Located at the intersection of I-275 and North The buildings are located within one mile of Located off Route 32, just East of I-95. One Bend Road at South Park. One story, concrete the Interstate 95, Interstate 895 and the Port story, masonry, single tenant, flex building. tilt-up, single tenant warehouse building. Roof of Baltimore. Three, one story, brick and block Roof system is membrane/EPDM. system is membrane/EPDM. composite flex buildings.

Details Details Details Metro area Cincinnati Metro area Baltimore Metro area Baltimore Building Type Industrial Estate Building Type Distribution Centre Building Type Business Park Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning I-1 Zoning M-2-1 Industrial Zoning NT Year Built 1990 Year Built 1987 Year Built 1999 Site Area (acres) 10.4 Site Area (acres) 10.8 Site Area (acres) 4.8 Lettable Area (‘000sf) 300.000 Lettable Area (‘000sf) 172.400 Lettable Area (‘000sf) 55.000 Site Coverage (%) 66 Site Coverage (%) 37 Site Coverage (%) 27 Number of Buildings 1 Number of Buildings 3 Number of Buildings 1 Number of Units 1 Number of Units 15 Number of Units 1 Average Unit Size (‘000sf) 300.000 Average Unit Size (‘000sf) 11.492 Average Unit Size (‘000sf) 55.032 Office Content (%) 1 Office Content (%) 23 Office Content (%) 100 Parking Space Ratio 0.45 Parking Space Ratio 1.32 Parking Space Ratio 2.93 Acquisition Date Sep-2004 Acquisition Date Jun-2005 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 10.4 Acquisition Price plus Additions (US$m) 10.6 Acquisition Price plus Additions (US$m) 8.2 Book Value (US$m) 11.8 Book Value (US$m) 11.8 Book Value (US$m) 9.2 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 11.8 Independent Valuation (US$m) 11.8 Independent Valuation (US$m) 9.2 Market Cap Rate (%) 7.00 Market Cap Rate (%) 7.00 Market Cap Rate (%) 6.75 Average Net Passing Rent (US$/sf) 2.70 Average Net Passing Rent (US$/sf) 6.06 Average Net Passing Rent (US$/sf) 11.80 Average Net Market Rent (US$/sf) 2.75 Average Net Market Rent (US$/sf) 5.50 Average Net Market Rent (US$/sf) 12.50 Initial Yield (%) 7.35 Initial Yield (%) 6.25 Initial Yield (%) 7.41 Discount Rate (%) 8.25 Discount Rate (%) 8.00 Discount Rate (%) 8.25 Major Tenant Qualis Automotive Major Tenant fedex Ground Package System Major Tenant Sandy Spring National Bank Leased By Area (%) 100 Leased By Area (%) 90 Leased By Area (%) 100 Weighted Lease Term by Income (years) 6.3 Weighted Lease Term by Income (years) 1.1 Weighted Lease Term by Income (years) 6.6 Available (%) 0 Available (%) 9 Available (%) 0 Year 2009 (%) 0 Year 2009 (%) 42 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 43 Year 2010 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2012 (%) 0 Year 2012 (%) 2 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 4 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 100 Year 2015 (%) 0 Year 2015 (%) 100 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

64 DEXUS property group PROPERTY SYNOPSIS 2008 8350 & 8351 Bristol Court, MD Wholesale Food Market, 7951 8306 Patuxent Range Road Jessup, Maryland Ocean Avenue & 7970 Tarbay & 8332 Bristol Court, Jessup, Drive, Jessup, Maryland Maryland

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

Details Details Details Metro area Baltimore Metro area Baltimore Metro area Baltimore Building Type Distribution Centre Building Type Distribution Centre Building Type Business Park Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning M-2 Maufacturing Heavy Zoning M-1 Zoning M-2 Maufacturing Heavy Year Built 1986 Year Built 1987 Year Built 1985 Site Area (acres) 10.6 Site Area (acres) 19.7 Site Area (acres) 9.1 Lettable Area (‘000sf) 133.100 Lettable Area (‘000sf) 453.900 Lettable Area (‘000sf) 151.900 Site Coverage (%) 29 Site Coverage (%) 53 Site Coverage (%) 38 Number of Buildings 2 Number of Buildings 2 Number of Buildings 2 Number of Units 15 Number of Units 4 Number of Units 17 Average Unit Size (‘000sf) 8.871 Average Unit Size (‘000sf) 113.474 Average Unit Size (‘000sf) 8.933 Office Content (%) 14 Office Content (%) 1 Office Content (%) 22 Parking Space Ratio 0.86 Parking Space Ratio 0.24 Parking Space Ratio 0.88 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 10.9 Acquisition Price plus Additions (US$m) 19.8 Acquisition Price plus Additions (US$m) 12.0 Book Value (US$m) 12.0 Book Value (US$m) 23.2 Book Value (US$m) 13.1 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 12.0 Independent Valuation (US$m) 22.7 Independent Valuation (US$m) 13.1 Market Cap Rate (%) 7.00 Market Cap Rate (%) 7.25 Market Cap Rate (%) 7.00 Average Net Passing Rent (US$/sf) 7.16 Average Net Passing Rent (US$/sf) 4.32 Average Net Passing Rent (US$/sf) 6.77 Average Net Market Rent (US$/sf) 6.62 Average Net Market Rent (US$/sf) 4.25 Average Net Market Rent (US$/sf) 6.50 Initial Yield (%) 2.53 Initial Yield (%) 8.66 Initial Yield (%) 4.21 Discount Rate (%) 8.25 Discount Rate (%) 9.00 Discount Rate (%) 8.25 Major Tenant projection Video Services, Inc Major Tenant B&E Storage Major Tenant National Coatings, Inc. Leased By Area (%) 95 Leased By Area (%) 88 Leased By Area (%) 100 Weighted Lease Term by Income (years) 2.9 Weighted Lease Term by Income (years) 4.0 Weighted Lease Term by Income (years) 2.1 Available (%) 5 Available (%) 12 Available (%) 0 Year 2009 (%) 21 Year 2009 (%) 21 Year 2009 (%) 6 Year 2010 (%) 10 Year 2010 (%) 0 Year 2010 (%) 51 Year 2011 (%) 19 Year 2011 (%) 20 Year 2011 (%) 20 Year 2012 (%) 8 Year 2012 (%) 0 Year 2012 (%) 23 Year 2013 (%) 38 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 46 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 65 Industrial Portfolio – North America (continued)

8155 Stayton Drive, Jessup, 1015 & 1025 West Nursery Road, Cabot Techs, 989-991 Corporate Maryland Linthicum Heights, Maryland Boulevard, Linthicum Heights, Maryland

Located in the Balt./Wash. Industrial Park Located just east of the intersection of I-295 Located just northeast of the intersection of (BWIP), which is just off Route 1 between (Balt./Wash. Expressway) and I-695 (Balt. I-295 (Balt./Wash. Expressway) and I-95. One- Route 175 and Route 32. One story, masonry, Beltway) interchange. Two one-story, masonry story, masonry, multi-tenant, flex buildings. multi-tenant warehouse/flex building. Roof and metal, multi-tenant, warehouse/flex Roof systems are membrane/EPDM. system is built-up tar. buildings. Roof systems are metal.

Details Details Details Metro area Baltimore Metro area Baltimore Metro area Baltimore Building Type Industrial Estate Building Type Industrial Estate Building Type Business Park Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning M-2 Manufacturing Heavy Zoning W1 - Industrial Park District Zoning W1 - Industrial Park District Year Built 1985 Year Built 1990 Year Built 1999 Site Area (acres) 8.9 Site Area (acres) 7.8 Site Area (acres) 10.5 Lettable Area (‘000sf) 125.600 Lettable Area (‘000sf) 88.100 Lettable Area (‘000sf) 130.700 Site Coverage (%) 32 Site Coverage (%) 26 Site Coverage (%) 29 Number of Buildings 1 Number of Buildings 2 Number of Buildings 2 Number of Units 3 Number of Units 5 Number of Units 5 Average Unit Size (‘000sf) 41.867 Average Unit Size (‘000sf) 17.628 Average Unit Size (‘000sf) 26.131 Office Content (%) 6 Office Content (%) 46 Office Content (%) 81 Parking Space Ratio 0.72 Parking Space Ratio 2.38 Parking Space Ratio 5.05 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 7.0 Acquisition Price plus Additions (US$m) 8.0 Acquisition Price plus Additions (US$m) 20.9 Book Value (US$m) 8.7 Book Value (US$m) 8.7 Book Value (US$m) 29.5 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 8.7 Independent Valuation (US$m) 8.7 Independent Valuation (US$m) 29.5 Market Cap Rate (%) 6.75 Market Cap Rate (%) 6.75 Market Cap Rate (%) 6.75 Average Net Passing Rent (US$/sf) 4.62 Average Net Passing Rent (US$/sf) 7.17 Average Net Passing Rent (US$/sf) 15.66 Average Net Market Rent (US$/sf) 5.25 Average Net Market Rent (US$/sf) 7.50 Average Net Market Rent (US$/sf) 15.50 Initial Yield (%) 4.35 Initial Yield (%) 4.67 Initial Yield (%) 6.03 Discount Rate (%) 8.25 Discount Rate (%) 8.00 Discount Rate (%) 8.00 Major Tenant Builder Resource Supply Major Tenant DHL Express (USA), Inc. Major Tenant erickson Retirement Communitie Leased By Area (%) 89 Leased By Area (%) 100 Leased By Area (%) 100 Weighted Lease Term by Income (years) 2.0 Weighted Lease Term by Income (years) 3.5 Weighted Lease Term by Income (years) 3.0 Available (%) 14 Available (%) 0 Available (%) 0 Year 2009 (%) 31 Year 2009 (%) 0 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2011 (%) 0 Year 2011 (%) 59 Year 2011 (%) 60 Year 2012 (%) 54 Year 2012 (%) 0 Year 2012 (%) 14 Year 2013 (%) 0 Year 2013 (%) 22 Year 2013 (%) 8 Year 2014 (%) 0 Year 2014 (%) 19 Year 2014 (%) 18 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

66 DEXUS property group PROPERTY SYNOPSIS 2008 NE Baltimore, 21 & 23 Fontana 10 Kenwood Circle, Franklin, Braemar Ridge, 7500 West 78th Lane, Rosedale, Maryland Massachusetts Street, Bloomington, Minnesota

The buildings are located just off Route 7, one- The property is located at the intersection of The property is located in the Southwest half mile north of I-695 (Balt. Beltway). Two, 495 and Route 140 (Exit 17) at Grove Street submarket, on the north side of Interstate one story, masonry multi-tenant warehouse/flex One story, masonry multi-tenant warehouse 494 frontage road between Highway 169 buildings. Roof systems are membrane/EPDM. buildings. Roof system is built up tar. and Highway 100. One-story, concrete block construction with steel columns and brick veneer and decorative metal canopies, multi- tenant flex building.

Details Details Details Metro area Baltimore Metro area Boston Metro area Minneapolis Building Type Industrial Estate Building Type Distribution Centre Building Type Business Park Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning ML-IM Zoning M1 Zoning fd-2, Freeway Development and FD-2 Year Built 1988 Year Built 1987 (FH), Freeway Development Flood Hazard Site Area (acres) 7.0 Site Area (acres) 11.6 Year Built 1983 Lettable Area (‘000sf) 108.800 Lettable Area (‘000sf) 153.400 Site Area (acres) 6.1 Site Coverage (%) 36 Site Coverage (%) 30 Lettable Area (‘000sf) 74.100 Number of Buildings 2 Number of Buildings 1 Site Coverage (%) 28 Number of Units 14 Number of Units 3 Number of Buildings 1 Average Unit Size (‘000sf) 7.768 Average Unit Size (‘000sf) 51.123 Number of Units 13 Office Content (%) 33 Office Content (%) 4 Average Unit Size (‘000sf) 5.703 Parking Space Ratio 2.17 Parking Space Ratio 1.03 Office Content (%) 48 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Parking Space Ratio 2.81 Acquisition Price plus Additions (US$m) 7.5 Acquisition Price plus Additions (US$m) 10.7 Acquisition Date Nov-2005 Book Value (US$m) 8.7 Book Value (US$m) 10.2 Acquisition Price plus Additions (US$m) 5.0 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Book Value (US$m) 5.2 Independent Valuation (US$m) 8.7 Independent Valuation (US$m) 10.2 Independent Valuation Date Jun-2008 Market Cap Rate (%) 6.75 Market Cap Rate (%) 7.75 Independent Valuation (US$m) 5.2 Average Net Passing Rent (US$/sf) 6.41 Average Net Passing Rent (US$/sf) 6.25 Market Cap Rate (%) 8.25 Average Net Market Rent (US$/sf) 5.75 Average Net Market Rent (US$/sf) 5.50 Average Net Passing Rent (US$/sf) 6.98 Initial Yield (%) 6.27 Initial Yield (%) 7.98 Average Net Market Rent (US$/sf) 6.16 Discount Rate (%) 8.00 Discount Rate (%) 9.00 Initial Yield (%) 7.59 Major Tenant Goodman Distribution, Inc. Major Tenant KSI Trading Corporation Discount Rate (%) 9.50 Leased By Area (%) 100 Leased By Area (%) 80 Major Tenant Stirling Critical Products Weighted Lease Term by Income (years) 2.8 Weighted Lease Term by Income (years) 7.1 Leased By Area (%) 78 Available (%) 0 Available (%) 18 Weighted Lease Term by Income (years) 2.4 Year 2009 (%) 13 Year 2009 (%) 25 Available (%) 20 Year 2010 (%) 27 Year 2010 (%) 0 Year 2009 (%) 22 Year 2011 (%) 23 Year 2011 (%) 0 Year 2010 (%) 23 Year 2012 (%) 22 Year 2012 (%) 0 Year 2011 (%) 0 Year 2013 (%) 5 Year 2013 (%) 0 Year 2012 (%) 22 Year 2014 (%) 0 Year 2014 (%) 0 Year 2013 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2014 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2015 (%) 12 Year 2017 (%) 10 Year 2017 (%) 0 Year 2016 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 56 Year 2017 (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 67 Industrial Portfolio – North America (continued)

Brooklyn Park Interstate Center, Eagandale Business Campus, 7401 Cahill Road, Minneapolis, 7700 68th Avenue, Brooklyn Park, 1285 & 1301 Corporate Centre Minnesota Minnesota Drive 1230 & 1270 Eagan Industrial Road, Eagan, Minnesota

The property is located in the Northwest The property is located in the South Central Cahill Road is located off Hwy 169, just south submarket, on Interstate 694 with access from submarket, just south of Interstate 494 and of the Hwy 169 and I-694 interchange. I-694 the intersection of Interstate 694 and County Pilot Knob Road. The Minneapolis International serves as a beltway for the Twin Cities. One Road 81. One-story, concrete block with steel Airport is located within 5 miles of the story, masonry, multi-tenant, warehouse frame construction, multi-tenant warehouse property. Four one-story, concrete block with building. Roof system is built up tar. building. Roof system is 3-ply built-up asphalt, brick fascia, multi-tenant flex buildings. Roof bituminous membrane over rigid insulation. system is 3-ply built-up asphalt, bituminous membrane over rigid insulation. Details Details Details Metro area Minneapolis Metro area Minneapolis Metro area Minneapolis Building Type Distribution Centre Building Type Business Park Building Type Industrial Estate Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning I-1, Limited Industrial District Zoning i-1, Limited Industrial District and located Zoning PID - Planned Industrial District Year Built 1997 in MSP Noise Exposure Zone 3 Year Built 1979 Site Area (acres) 6.0 Year Built 1986 Site Area (acres) 3.2 Lettable Area (‘000sf) 91.700 Site Area (acres) 20.4 Lettable Area (‘000sf) 45.800 Site Coverage (%) 35 Lettable Area (‘000sf) 240.100 Site Coverage (%) 33 Number of Buildings 1 Site Coverage (%) 27 Number of Buildings 1 Number of Units 3 Number of Buildings 4 Number of Units 4 Average Unit Size (‘000sf) 30.577 Number of Units 39 Average Unit Size (‘000sf) 11.451 Office Content (%) 7 Average Unit Size (‘000sf) 6.157 Office Content (%) 22 Parking Space Ratio 1.59 Office Content (%) 66 Parking Space Ratio 1.64 Acquisition Date Nov-2005 Parking Space Ratio 4.07 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 5.6 Acquisition Date Nov-2005 Acquisition Price plus Additions (US$m) 3.4 Book Value (US$m) 4.3 Acquisition Price plus Additions (US$m) 18.8 Book Value (US$m) 3.2 Independent Valuation Date Jun-2008 Book Value (US$m) 15.5 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 4.3 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 3.2 Market Cap Rate (%) 8.00 Independent Valuation (US$m) 15.5 Market Cap Rate (%) 7.50 Average Net Passing Rent (US$/sf) 5.11 Market Cap Rate (%) 8.00 Average Net Passing Rent (US$/sf) 5.75 Average Net Market Rent (US$/sf) 5.25 Average Net Passing Rent (US$/sf) 6.80 Average Net Market Rent (US$/sf) 5.34 Initial Yield (%) 2.87 Average Net Market Rent (US$/sf) 6.29 Initial Yield (%) 2.17 Discount Rate (%) 9.50 Initial Yield (%) 5.10 Discount Rate (%) 8.50 Major Tenant Jl Rosewood Corporation Discount Rate (%) 9.00 Major Tenant professional Reproductions, Inc. Leased By Area (%) 25 Major Tenant Micromedics, Inc. Leased By Area (%) 100 Weighted Lease Term by Income (years) 1.4 Leased By Area (%) 86 Weighted Lease Term by Income (years) 4.3 Available (%) 71 Weighted Lease Term by Income (years) 2.3 Available (%) 0 Year 2009 (%) 0 Available (%) 13 Year 2009 (%) 0 Year 2010 (%) 29 Year 2009 (%) 29 Year 2010 (%) 0 Year 2011 (%) 0 Year 2010 (%) 7 Year 2011 (%) 13 Year 2012 (%) 0 Year 2011 (%) 14 Year 2012 (%) 33 Year 2013 (%) 0 Year 2012 (%) 31 Year 2013 (%) 0 Year 2014 (%) 0 Year 2013 (%) 1 Year 2014 (%) 54 Year 2015 (%) 0 Year 2014 (%) 2 Year 2015 (%) 0 Year 2016 (%) 0 Year 2015 (%) 3 Year 2016 (%) 0 Year 2017 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

68 DEXUS property group PROPERTY SYNOPSIS 2008 6105 Trenton Lane North, 8575 Monticello Lane, Osseo, 2950 Lexington Avenue South, St Minneapolis, Minnesota Minnesota Paul, Minnesota

Trenton Lane is located off Hwy 169, just south Monticello Lane is located off Hwy 169, just Located off the Loan Oak Rd. exit 35E, just of the Hwy 169 and I-694 interchange. I-694 north of the Hwy 169 and I-694 interchange. south of the I-35 E/I- 494 interchange. I-494 serves as a beltway for the Twin Cities. One I-694 serves as a beltway for the Twin Cities. connects with I-694 serving as a belt way for story, pre-cast concrete tilt-up, single tenant, One story, masonry, single tenant, warehouse the twin cities. One story, concrete tilt-up, warehouse building. Roof system is built up tar. building. Roof system is membrane/EPDM. multi-tenant, warehouse building. Roof system is built up tar.

Details Details Details Metro area Minneapolis Metro area Minneapolis Metro area Minneapolis Building Type Distribution Centre Building Type Distribution Centre Building Type Distribution Centre Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning I-2 Industrial, City of Plymouth Zoning I - Industrial, City of Maple Grove Zoning I 1 - Limited Industrial Year Built 1994 Year Built 1986 Year Built 1979 Site Area (acres) 11.8 Site Area (acres) 3.0 Site Area (acres) 12.6 Lettable Area (‘000sf) 122.000 Lettable Area (‘000sf) 39.100 Lettable Area (‘000sf) 184.400 Site Coverage (%) 24 Site Coverage (%) 30 Site Coverage (%) 34 Number of Buildings 1 Number of Buildings 1 Number of Buildings 1 Number of Units 1 Number of Units 1 Number of Units 6 Average Unit Size (‘000sf) 122.032 Average Unit Size (‘000sf) 39.110 Average Unit Size (‘000sf) 30.739 Office Content (%) 36 Office Content (%) 5 Office Content (%) 12 Parking Space Ratio 3.34 Parking Space Ratio 1.36 Parking Space Ratio 1.47 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 7.8 Acquisition Price plus Additions (US$m) 1.7 Acquisition Price plus Additions (US$m) 8.9 Book Value (US$m) 7.9 Book Value (US$m) 2.1 Book Value (US$m) 9.0 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 7.9 Independent Valuation (US$m) 2.1 Independent Valuation (US$m) 8.4 Market Cap Rate (%) 7.00 Market Cap Rate (%) 7.75 Market Cap Rate (%) 8.00 Average Net Passing Rent (US$/sf) 5.05 Average Net Passing Rent (US$/sf) 4.75 Average Net Passing Rent (US$/sf) 4.28 Average Net Market Rent (US$/sf) 5.50 Average Net Market Rent (US$/sf) 5.00 Average Net Market Rent (US$/sf) 4.59 Initial Yield (%) 7.22 Initial Yield (%) 7.75 Initial Yield (%) 6.26 Discount Rate (%) 8.25 Discount Rate (%) 8.75 Discount Rate (%) 9.00 Major Tenant Select Comfort Corporation Major Tenant Palco Marketing Major Tenant Florstar Sales, Inc Leased By Area (%) 100 Leased By Area (%) 100 Leased By Area (%) 67 Weighted Lease Term by Income (years) 9.3 Weighted Lease Term by Income (years) 2.5 Weighted Lease Term by Income (years) 2.2 Available (%) 0 Available (%) 0 Available (%) 30 Year 2009 (%) 0 Year 2009 (%) 0 Year 2009 (%) 29 Year 2010 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2011 (%) 0 Year 2011 (%) 100 Year 2011 (%) 16 Year 2012 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 24 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 100 Year 2018+ (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 69 Industrial Portfolio – North America (continued)

2222-2298 Wooddale Drive, St 9900 Brookford Street, Charlotte, Commerce Park, 11517 Cordage Paul, Minnesota North Carolina Street & 10900 S Commerce Boulevard, Charlotte, North Carolina

Located off Hwy 10 and 35E, just north of The property is located northwest Intersection Located at the intersection of I-77 and the I-35 / I-694 interchange. I-694 serves as of I-77, Westinghouse Blvd. exit and southwest Westinghouse Blvd. Three one story, concrete a beltway for the Twin Cities. Four one story, of the I-485, Tyron Avenue exit. One story, tilt-up/masonry, multi-tenant warehouse masonry, multi-tenant, warehouse buildings. masonry, multi-tenant warehouse building. buildings. Roof systems are membrane EPDM Roof systems are membrane/EPDM. Roof systems are membrane EPDM. and built up tar.

Details Details Details Metro area Minneapolis Metro area Charlotte Metro area Charlotte Building Type Distribution Centre Building Type Distribution Centre Building Type Distribution Centre Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning PUD, City of Mounds View Zoning I-2 Zoning I-2 Year Built 1989 Year Built 1984 Year Built 1981 Site Area (acres) 22.7 Site Area (acres) 10.8 Site Area (acres) 11.3 Lettable Area (‘000sf) 321.100 Lettable Area (‘000sf) 122.000 Lettable Area (‘000sf) 192.600 Site Coverage (%) 32 Site Coverage (%) 26 Site Coverage (%) 39 Number of Buildings 4 Number of Buildings 1 Number of Buildings 2 Number of Units 11 Number of Units 2 Number of Units 10 Average Unit Size (‘000sf) 29.190 Average Unit Size (‘000sf) 61.000 Average Unit Size (‘000sf) 19.264 Office Content (%) 21 Office Content (%) 12 Office Content (%) 10 Parking Space Ratio 2.23 Parking Space Ratio 0.66 Parking Space Ratio 0.63 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 21.1 Acquisition Price plus Additions (US$m) 4.1 Acquisition Price plus Additions (US$m) 7.4 Book Value (US$m) 21.2 Book Value (US$m) 4.4 Book Value (US$m) 8.9 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 21.2 Independent Valuation (US$m) 4.4 Independent Valuation (US$m) 8.9 Market Cap Rate (%) 7.50 Market Cap Rate (%) 8.00 Market Cap Rate (%) 7.00 Average Net Passing Rent (US$/sf) 5.31 Average Net Passing Rent (US$/sf) 3.15 Average Net Passing Rent (US$/sf) 3.76 Average Net Market Rent (US$/sf) 4.88 Average Net Market Rent (US$/sf) 3.25 Average Net Market Rent (US$/sf) 3.89 Initial Yield (%) 6.74 Initial Yield (%) 4.47 Initial Yield (%) 7.06 Discount Rate (%) 8.00 Discount Rate (%) 9.00 Discount Rate (%) 8.50 Major Tenant Quanex Corporation Major Tenant Visy Recycling, Inc. Major Tenant General Dynamics Inf Tech, Inc Leased By Area (%) 95 Leased By Area (%) 51 Leased By Area (%) 90 Weighted Lease Term by Income (years) 3.4 Weighted Lease Term by Income (years) 4.1 Weighted Lease Term by Income (years) 1.9 Available (%) 6 Available (%) 50 Available (%) 10 Year 2009 (%) 0 Year 2009 (%) 0 Year 2009 (%) 27 Year 2010 (%) 24 Year 2010 (%) 0 Year 2010 (%) 23 Year 2011 (%) 25 Year 2011 (%) 0 Year 2011 (%) 20 Year 2012 (%) 21 Year 2012 (%) 0 Year 2012 (%) 12 Year 2013 (%) 20 Year 2013 (%) 50 Year 2013 (%) 8 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 4 Year 2018+ (%) 0 Year 2018+ (%) 0

70 DEXUS property group PROPERTY SYNOPSIS 2008 3520-3600 Westinghouse World Park, 9756 & 9842 10013-11093 Kenwood Road, Boulevard, Charlotte, North International Boulevard, Cincinnati, Cincinnati, Ohio Carolina Ohio

The property is southwest of I-485 and West of I-75 and east of Route 747. The The property is located just west of the northeast of Route 160 at the intersection of property is located near the intersection of I-71/I-275 interchange. Seven one story, Westinghouse Blvd. and Goodrich Drive. Four International Blvd. and Duff Drive. Two one concrete tilt-up/masonry and metal, single/ one story, concrete tilt-up masonry, single story, concrete tilt-up, single tenant warehouse multi- tenant warehouse buildings. Roof tenant warehouse buildings. Roof systems are buildings. Roof systems are built up tar. systems are built up tar and metal. membrane EPDM.

Details Details Details Metro area Charlotte Metro area Cincinnati Metro area Cincinnati Building Type Distribution Centre Building Type Distribution Centre Building Type Distribution Centre Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning I-2 Zoning M-2 General Industrial Zoning M-1 Industrial District Year Built 1984 Year Built 1990 Year Built 1964 Site Area (acres) 31.1 Site Area (acres) 23.4 Site Area (acres) 40.6 Lettable Area (‘000sf) 568.500 Lettable Area (‘000sf) 396.800 Lettable Area (‘000sf) 770.100 Site Coverage (%) 42 Site Coverage (%) 39 Site Coverage (%) 44 Number of Buildings 4 Number of Buildings 2 Number of Buildings 7 Number of Units 6 Number of Units 2 Number of Units 12 Average Unit Size (‘000sf) 94.756 Average Unit Size (‘000sf) 198.400 Average Unit Size (‘000sf) 64.171 Office Content (%) 6 Office Content (%) 4 Office Content (%) 4 Parking Space Ratio 0.71 Parking Space Ratio 0.91 Parking Space Ratio 0.44 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 20.5 Acquisition Price plus Additions (US$m) 12.7 Acquisition Price plus Additions (US$m) 18.8 Book Value (US$m) 24.7 Book Value (US$m) 12.8 Book Value (US$m) 21.0 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 24.7 Independent Valuation (US$m) 12.8 Independent Valuation (US$m) 21.0 Market Cap Rate (%) 7.50 Market Cap Rate (%) 7.50 Market Cap Rate (%) 7.50 Average Net Passing Rent (US$/sf) 3.42 Average Net Passing Rent (US$/sf) 2.58 Average Net Passing Rent (US$/sf) 2.96 Average Net Market Rent (US$/sf) 3.31 Average Net Market Rent (US$/sf) 2.75 Average Net Market Rent (US$/sf) 2.15 Initial Yield (%) 7.09 Initial Yield (%) 5.38 Initial Yield (%) 7.41 Discount Rate (%) 8.00 Discount Rate (%) 8.25 Discount Rate (%) 8.75 Major Tenant northern Tool & Equipment Co. Major Tenant Nfi-Quick Pak, LLC Major Tenant Commonwealth, Inc. Leased By Area (%) 100 Leased By Area (%) 100 Leased By Area (%) 94 Weighted Lease Term by Income (years) 2.2 Weighted Lease Term by Income (years) 0.6 Weighted Lease Term by Income (years) 2.7 Available (%) 0 Available (%) 0 Available (%) 4 Year 2009 (%) 14 Year 2009 (%) 100 Year 2009 (%) 22 Year 2010 (%) 48 Year 2010 (%) 0 Year 2010 (%) 30 Year 2011 (%) 27 Year 2011 (%) 0 Year 2011 (%) 3 Year 2012 (%) 0 Year 2012 (%) 0 Year 2012 (%) 5 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 35 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 10 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 71 Industrial Portfolio – North America (continued)

4560 & 4570 Lake Forest Drive, 4343 & 4401 Equity Drive, 2700 International Street, Cincinnati, Ohio 1614-1634 & 1999 Westbelt Drive Columbus, Ohio & 1901-1919 Dividend Drive, Columbus, Ohio

Northwest of I-71 and proximate to the Blue The properties are located just north of the I-70 Northwest of the I-270 and Roberts Road Ash Airport, just off Reed Hartman Highway. and I-270 interchange, between Tribune Road interchange. Single one story concrete tilt up, Two one story, masonry and metal, multi- and Roberts Road. Five one story, concrete tilt multi tenant warehouse building. Roof system tenant warehouse buildings. Roof systems are up, multi tenant warehouse/flex buildings. Roof is membrane/EPDM. built up tar. systems are built-up tar and membrane/EPDM.

Details Details Details Metro area Cincinnati Metro area Columbus Metro area Columbus Building Type Distribution Centre Building Type Industrial Estate Building Type Industrial Estate Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning M-1 Industrial District Zoning M-2 Manufacturing District Zoning M Manufacturing District Year Built 1978 Year Built 1980 Year Built 1988 Site Area (acres) 23.0 Site Area (acres) 55.9 Site Area (acres) 12.4 Lettable Area (‘000sf) 419.000 Lettable Area (‘000sf) 919.700 Lettable Area (‘000sf) 152.800 Site Coverage (%) 42 Site Coverage (%) 38 Site Coverage (%) 28 Number of Buildings 2 Number of Buildings 5 Number of Buildings 1 Number of Units 10 Number of Units 12 Number of Units 2 Average Unit Size (‘000sf) 41.900 Average Unit Size (‘000sf) 76.641 Average Unit Size (‘000sf) 76.400 Office Content (%) 5 Office Content (%) 31 Office Content (%) 7 Parking Space Ratio 0.43 Parking Space Ratio 1.06 Parking Space Ratio 2.55 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 12.2 Acquisition Price plus Additions (US$m) 37.6 Acquisition Price plus Additions (US$m) 4.5 Book Value (US$m) 14.1 Book Value (US$m) 40.0 Book Value (US$m) 5.0 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 14.1 Independent Valuation (US$m) 40.0 Independent Valuation (US$m) 5.0 Market Cap Rate (%) 7.50 Market Cap Rate (%) 7.50 Market Cap Rate (%) 7.50 Average Net Passing Rent (US$/sf) 2.87 Average Net Passing Rent (US$/sf) 3.79 Average Net Passing Rent (US$/sf) 2.68 Average Net Market Rent (US$/sf) 2.75 Average Net Market Rent (US$/sf) 3.77 Average Net Market Rent (US$/sf) 2.75 Initial Yield (%) 6.76 Initial Yield (%) 7.41 Initial Yield (%) 4.87 Discount Rate (%) 8.25 Discount Rate (%) 8.75 Discount Rate (%) 8.25 Major Tenant Patheon Pharmaceuticals Major Tenant united Stationers Supply Co. Major Tenant USF Distribution Services Leased By Area (%) 90 Leased By Area (%) 100 Leased By Area (%) 100 Weighted Lease Term by Income (years) 2.7 Weighted Lease Term by Income (years) 2.4 Weighted Lease Term by Income (years) 1.3 Available (%) 10 Available (%) 0 Available (%) 0 Year 2009 (%) 7 Year 2009 (%) 36 Year 2009 (%) 35 Year 2010 (%) 33 Year 2010 (%) 6 Year 2010 (%) 65 Year 2011 (%) 19 Year 2011 (%) 44 Year 2011 (%) 0 Year 2012 (%) 9 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 22 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 14 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

72 DEXUS property group PROPERTY SYNOPSIS 2008 SE Columbus, 2550 John Glenn 3800 Twin Creeks Drive, 124 Commerce Boulevard, Avenue & 2626 Port Road, Columbus, Ohio Loveland, Ohio Columbus, Ohio

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

Details Details Details Metro area Columbus Metro area Columbus Metro area Cincinnati Building Type Distribution Centre Building Type Industrial Estate Building Type Distribution Centre Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning Industrial, City of Columbus Zoning lm Manufacturing District, Limited Overlay Zoning L-1 Light Industrial Year Built 1995 Year Built 1989 Year Built 1989 Site Area (acres) 17.5 Site Area (acres) 9.8 Site Area (acres) 4.3 Lettable Area (‘000sf) 361.800 Lettable Area (‘000sf) 176.000 Lettable Area (‘000sf) 34.600 Site Coverage (%) 47 Site Coverage (%) 41 Site Coverage (%) 18 Number of Buildings 2 Number of Buildings 1 Number of Buildings 1 Number of Units 4 Number of Units 5 Number of Units 1 Average Unit Size (‘000sf) 90.438 Average Unit Size (‘000sf) 35.200 Average Unit Size (‘000sf) 34.600 Office Content (%) 10 Office Content (%) 11 Office Content (%) 13 Parking Space Ratio 0.63 Parking Space Ratio 0.54 Parking Space Ratio 2.49 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 13.7 Acquisition Price plus Additions (US$m) 4.7 Acquisition Price plus Additions (US$m) 2.3 Book Value (US$m) 11.7 Book Value (US$m) 5.5 Book Value (US$m) 2.5 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 11.7 Independent Valuation (US$m) 5.5 Independent Valuation (US$m) 2.5 Market Cap Rate (%) 7.75 Market Cap Rate (%) 7.50 Market Cap Rate (%) 7.50 Average Net Passing Rent (US$/sf) 2.83 Average Net Passing Rent (US$/sf) 2.70 Average Net Passing Rent (US$/sf) 5.83 Average Net Market Rent (US$/sf) 3.00 Average Net Market Rent (US$/sf) 2.75 Average Net Market Rent (US$/sf) 6.00 Initial Yield (%) 7.76 Initial Yield (%) 6.98 Initial Yield (%) 6.03 Discount Rate (%) 8.75 Discount Rate (%) 8.50 Discount Rate (%) 8.25 Major Tenant Chasm Industries Ohio, Inc. Major Tenant R.J. Schinner & Co., Inc. Major Tenant federal Express Kinkos Corp Leased By Area (%) 100 Leased By Area (%) 100 Leased By Area (%) 100 Weighted Lease Term by Income (years) 5.6 Weighted Lease Term by Income (years) 2.1 Weighted Lease Term by Income (years) 2.6 Available (%) 0 Available (%) 0 Available (%) 0 Year 2009 (%) 6 Year 2009 (%) 37 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2011 (%) 0 Year 2011 (%) 20 Year 2011 (%) 100 Year 2012 (%) 8 Year 2012 (%) 43 Year 2012 (%) 0 Year 2013 (%) 40 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 46 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 73 Industrial Portfolio – North America (continued)

Mechanicsburg, 5045 Ritter Road 6350 & 6360 Brackbill Boulevard, 181 Fulling Mill Road, Middletown, & 201 Cumberland Parkway, Mechanicsburg, Pennsylvania Pennsylvania Harrisburg, Pennsylvania

Located in Cumberland County approximately Located in Cumberland County approximately The property is located off I-283 (north of I-76) 15 minutes west of Harrisburg. 201 15 minutes west of Harrisburg off Silver at N. Union Street and Fulling Mill Road in Cumberland is located just off Route 15 and Springs Road between Routes 641 and 11 Dauphin County near Harrisburg. One story, Winding Hill Road (1 exit south of I-76). (north of I-76). Two, one story, masonry and masonry and metal, multi-tenant, warehouse 5045 Ritter Rd. is located off Route 15 and metal, single tenant, warehouse buildings. Roof building. Roof system is metal. Rossmoyne Rd. (1 exit north of I-76) Two, systems are membrane/EPDM and built up tar. one story, masonry and concrete tilt-up, single tenant, warehouse buildings.

Details Details Details Metro area Harrisburg Metro area Harrisburg Metro area Harrisburg Building Type Distribution Centre Building Type Distribution Centre Building Type Distribution Centre Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning Industrial Zone Zoning Industrial Zone Zoning Industrial Zone Year Built 1986 Year Built 1984 Year Built 1999 Site Area (acres) 27.5 Site Area (acres) 28.5 Site Area (acres) 10.6 Lettable Area (‘000sf) 377.800 Lettable Area (‘000sf) 494.400 Lettable Area (‘000sf) 186.000 Site Coverage (%) 32 Site Coverage (%) 40 Site Coverage (%) 40 Number of Buildings 2 Number of Buildings 2 Number of Buildings 1 Number of Units 2 Number of Units 2 Number of Units 3 Average Unit Size (‘000sf) 188.900 Average Unit Size (‘000sf) 247.200 Average Unit Size (‘000sf) 62.000 Office Content (%) 3 Office Content (%) 2 Office Content (%) 3 Parking Space Ratio 0.50 Parking Space Ratio 0.19 Parking Space Ratio 0.61 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 18.2 Acquisition Price plus Additions (US$m) 22.4 Acquisition Price plus Additions (US$m) 9.0 Book Value (US$m) 19.2 Book Value (US$m) 20.8 Book Value (US$m) 9.7 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 19.2 Independent Valuation (US$m) 19.0 Independent Valuation (US$m) 9.7 Market Cap Rate (%) 7.50 Market Cap Rate (%) 8.00 Market Cap Rate (%) 7.50 Average Net Passing Rent (US$/sf) 4.10 Average Net Passing Rent (US$/sf) 3.38 Average Net Passing Rent (US$/sf) 3.93 Average Net Market Rent (US$/sf) 4.05 Average Net Market Rent (US$/sf) - Average Net Market Rent (US$/sf) 4.25 Initial Yield (%) 7.69 Initial Yield (%) 9.96 Initial Yield (%) 7.67 Discount Rate (%) 8.75 Discount Rate (%) 9.00 Discount Rate (%) 8.00 Major Tenant Square D Company Major Tenant Vacant Major Tenant ORS Nasco Leased By Area (%) 100 Leased By Area (%) - Leased By Area (%) 100 Weighted Lease Term by Income (years) 6.4 Weighted Lease Term by Income (years) -Weighted Lease Term by Income (years) 3.2 Available (%) 0 Available (%) 100 Available (%) 0 Year 2009 (%) 10 Year 2009 (%) 0 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2010 (%) 37 Year 2011 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2012 (%) 34 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 29 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 90 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

74 DEXUS property group PROPERTY SYNOPSIS 2008 Memphis Industrial, 3965 Pilot 912 113th Street & 2300 East 1413 Bradley Lane, Carrollton, Drive, Memphis, Tennessee Randoll Mill Road, Arlington, Texas Texas

Due north of the intersection of I-240 and 78 912 113th St is located near Interstate Situated east of Highway 35 in Carrollton, TX, (Lamer Avenue) on Pilot Drive. One story, brick Highway 30 in Arlington, TX, Tarrant County. Denton County. The property can be accessed and steel, single tenant, warehouse building. 2300 Randol Mill Rd. is located between from Dickerson Parkway or Bradley Lane. Roof system is metal. Interstate Highway 30 and Interstate Highway One single story, concrete tilt up, single tenant 20 just west of Highway 360. Two single story, office/warehouse building. Roof system is concrete tilt up, single tenant flex buildings. membrane/EPDM. Roof systems are membrane/EPDM.

Details Details Details Metro area Memphis Metro area Dallas Metro area Dallas Building Type Distribution Centre Building Type Business Park Building Type Business Park Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning I L - Light Industrial Zoning IM - Industrial Manufacturing Zoning Office/Warehouse Year Built 1987 Year Built 1979 Year Built 1984 Site Area (acres) 16.0 Site Area (acres) 7.3 Site Area (acres) 3.0 Lettable Area (‘000sf) 336.100 Lettable Area (‘000sf) 130.600 Lettable Area (‘000sf) 56.500 Site Coverage (%) 48 Site Coverage (%) 41 Site Coverage (%) 43 Number of Buildings 1 Number of Buildings 2 Number of Buildings 1 Number of Units 1 Number of Units 2 Number of Units 1 Average Unit Size (‘000sf) 336.080 Average Unit Size (‘000sf) 65.312 Average Unit Size (‘000sf) 56.531 Office Content (%) 1 Office Content (%) 52 Office Content (%) 6 Parking Space Ratio 1.02 Parking Space Ratio 2.10 Parking Space Ratio 1.34 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 9.4 Acquisition Price plus Additions (US$m) 8.8 Acquisition Price plus Additions (US$m) 3.1 Book Value (US$m) 6.2 Book Value (US$m) 9.0 Book Value (US$m) 2.7 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 6.2 Independent Valuation (US$m) 9.0 Independent Valuation (US$m) 2.7 Market Cap Rate (%) 8.00 Market Cap Rate (%) 7.50 Market Cap Rate (%) 7.50 Average Net Passing Rent (US$/sf) 3.15 Average Net Passing Rent (US$/sf) 6.38 Average Net Passing Rent (US$/sf) 4.00 Average Net Market Rent (US$/sf) 2.25 Average Net Market Rent (US$/sf) 5.34 Average Net Market Rent (US$/sf) 3.75 Initial Yield (%) 13.98 Initial Yield (%) 7.96 Initial Yield (%) 8.12 Discount Rate (%) 9.50 Discount Rate (%) 8.50 Discount Rate (%) 8.50 Major Tenant reebok International Limited Major Tenant Donruss Playoff, L.P. Major Tenant Allmetal, Inc. Leased By Area (%) 100 Leased By Area (%) 100 Leased By Area (%) 100 Weighted Lease Term by Income (years) 0.8 Weighted Lease Term by Income (years) 2.8 Weighted Lease Term by Income (years) 5.2 Available (%) 0 Available (%) 0 Available (%) 0 Year 2009 (%) 100 Year 2009 (%) 0 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2011 (%) 0 Year 2011 (%) 100 Year 2011 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 100 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 75 Industrial Portfolio – North America (continued)

455 Airline Drive, Coppell, Texas 555 Airline Drive, Coppell, Texas 1900 Diplomat Drive, Dallas, Texas

Located east of Highway 635 in the city of Situated east of Highway 35 in Carrollton, TX, Located west of Highway 35 in Carrollton, TX, Coppell, Dallas County, TX. This property is Denton County. The property can be accessed Denton County. The property is accessible by accessible from Airline Drive. One single story, from Dickerson Parkway or Bradley Lane. Benchmark Drive and Diplomat Drive. One concrete tilt up, single tenant warehouse/ One single story, concrete tilt up, single tenant single story, concrete tilt up, multi-tenant flex distribution building. Roof system is office/warehouse building. Roof system is building. Roof system is built up tar. membrane/EPDM. membrane/EPDM.

Details Details Details Metro area Dallas Metro area Dallas Metro area Dallas Building Type Industrial Estate Building Type Industrial Estate Building Type Business Park Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning LI 1 - Light Industrial Zoning Office/Warehouse Zoning LI -1 Light Industrial Year Built 1991 Year Built 1990 Year Built 1984 Site Area (acres) 3.4 Site Area (acres) 6.6 Site Area (acres) 4.4 Lettable Area (‘000sf) 75.000 Lettable Area (‘000sf) 140.800 Lettable Area (‘000sf) 82.800 Site Coverage (%) 50 Site Coverage (%) 49 Site Coverage (%) 43 Number of Buildings 1 Number of Buildings 1 Number of Buildings 1 Number of Units 1 Number of Units 2 Number of Units 2 Average Unit Size (‘000sf) 75.000 Average Unit Size (‘000sf) 70.400 Average Unit Size (‘000sf) 41.378 Office Content (%) 4 Office Content (%) 14 Office Content (%) 35 Parking Space Ratio 1.09 Parking Space Ratio 1.72 Parking Space Ratio 1.90 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 3.1 Acquisition Price plus Additions (US$m) 6.5 Acquisition Price plus Additions (US$m) 4.6 Book Value (US$m) 3.4 Book Value (US$m) 6.4 Book Value (US$m) 4.1 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 3.4 Independent Valuation (US$m) 6.4 Independent Valuation (US$m) 4.1 Market Cap Rate (%) 7.00 Market Cap Rate (%) 7.00 Market Cap Rate (%) 7.50 Average Net Passing Rent (US$/sf) 3.75 Average Net Passing Rent (US$/sf) 3.58 Average Net Passing Rent (US$/sf) 3.92 Average Net Market Rent (US$/sf) 3.25 Average Net Market Rent (US$/sf) 3.32 Average Net Market Rent (US$/sf) 4.00 Initial Yield (%) 7.12 Initial Yield (%) 7.02 Initial Yield (%) 7.14 Discount Rate (%) 8.00 Discount Rate (%) 8.00 Discount Rate (%) 8.50 Major Tenant Toyo Tire (USA) Corporation Major Tenant Rediform, Inc. Major Tenant mcdonald Technologies International Leased By Area (%) 100 Leased By Area (%) 100 Leased By Area (%) 100 Weighted Lease Term by Income (years) 3.3 Weighted Lease Term by Income (years) 2.6 Weighted Lease Term by Income (years) 3.6 Available (%) 0 Available (%) 0 Available (%) 0 Year 2009 (%) 0 Year 2009 (%) 75 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2011 (%) 64 Year 2012 (%) 100 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 36 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 25 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

76 DEXUS property group PROPERTY SYNOPSIS 2008 2055 Diplomat Drive, Dallas, Texas 11411, 11460-11480 & CTC at Valwood, 13755 Hutton 11550-11560 Hillguard Road, Drive, Dallas, Texas Dallas, Texas

Located west of Highway 35 in Carrollton, TX, The properties are located east of I 635 This building is located in the northwest region Denton County. The property is accessible by between Forest Lane and Miller Road. Three of of Dallas County on the southwest corner Benchmark Drive and Diplomat Drive. One single story, concrete tilt up, multi-tenant of the intersection of Hutton Drive and Hutton single story, concrete tilt up, single tenant flex warehouse/flex buildings. Roof systems are Court between Route 175 and Route 32. building. Roof system is built up tar. membrane/EPDM. Concrete tilt wall panels with glass storefront, multi-tenant, flex building. Roof system is membrane/EPDM.

Details Details Details Metro area Dallas Metro area Dallas Metro area Dallas Building Type Business Park Building Type Industrial Estate Building Type Business Park Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning LI -1 Light Industrial Zoning IR - Industrial Research District Zoning LI -1 Light Industrial Year Built 1997 Year Built 1980 Year Built 2001 Site Area (acres) 2.6 Site Area (acres) 12.6 Site Area (acres) 3.2 Lettable Area (‘000sf) 53.400 Lettable Area (‘000sf) 247.900 Lettable Area (‘000sf) 46.800 Site Coverage (%) 46 Site Coverage (%) 45 Site Coverage (%) 34 Number of Buildings 1 Number of Buildings 3 Number of Buildings 1 Number of Units 1 Number of Units 8 Number of Units 2 Average Unit Size (‘000sf) 53.375 Average Unit Size (‘000sf) 30.982 Average Unit Size (‘000sf) 23.422 Office Content (%) 30 Office Content (%) 14 Office Content (%) - Parking Space Ratio 2.17 Parking Space Ratio 1.34 Parking Space Ratio 4.00 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 3.6 Acquisition Price plus Additions (US$m) 8.8 Acquisition Price plus Additions (US$m) 3.4 Book Value (US$m) 2.9 Book Value (US$m) 9.7 Book Value (US$m) 4.0 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 2.9 Independent Valuation (US$m) 9.7 Independent Valuation (US$m) 4.0 Market Cap Rate (%) 7.50 Market Cap Rate (%) 7.50 Market Cap Rate (%) 7.50 Average Net Passing Rent (US$/sf) 5.51 Average Net Passing Rent (US$/sf) 3.45 Average Net Passing Rent (US$/sf) 6.63 Average Net Market Rent (US$/sf) 4.50 Average Net Market Rent (US$/sf) 3.40 Average Net Market Rent (US$/sf) 6.92 Initial Yield (%) 4.64 Initial Yield (%) 5.68 Initial Yield (%) 7.01 Discount Rate (%) 8.50 Discount Rate (%) 8.50 Discount Rate (%) 8.00 Major Tenant natural Health Trends, Corporation Major Tenant Jack Engle & Company Major Tenant Lanvera, Ltd Leased By Area (%) 100 Leased By Area (%) 84 Leased By Area (%) 100 Weighted Lease Term by Income (years) 3.4 Weighted Lease Term by Income (years) 3.3 Weighted Lease Term by Income (years) 3.4 Available (%) 0 Available (%) 15 Available (%) 0 Year 2009 (%) 0 Year 2009 (%) 17 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2011 (%) 0 Year 2011 (%) 35 Year 2011 (%) 36 Year 2012 (%) 100 Year 2012 (%) 20 Year 2012 (%) 64 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 13 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 77 Industrial Portfolio – North America (continued)

11011 Regency Crest Drive, Garland Jupiter, Garland, Texas Plano Parkway, Plano, Texas Garland, Texas

The property is located east of I 635 in the city This 25.6-acre development land site was This 13.5-acre development land site was of Dallas, Dallas County, TX. It is accessible purchased on 30 June 2006 and is located in purchased on 30 June 2006 and is located in from Sanden Drive and Regency Crest Drive. Garland, Dallas, in the state of Texas. Plano, Dallas, in the state of Texas. One single story, concrete tilt up, multi-tenant warehouse building. Roof system is built up tar.

Details Details Details Metro area Dallas Metro area Dallas Metro area Dallas Building Type Distribution Centre Building Type Land Building Type Land Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning IR - Industrial Research Zoning - Zoning - Year Built 1999 Year Built - Year Built - Site Area (acres) 8.8 Site Area (acres) 25.6 Site Area (acres) 13.8 Lettable Area (‘000sf) 176.600 Lettable Area (‘000sf) - Lettable Area (‘000sf) - Site Coverage (%) 46 Site Coverage (%) - Site Coverage (%) - Number of Buildings 1 Number of Buildings - Number of Buildings - Number of Units 4 Number of Units - Number of Units - Average Unit Size (‘000sf) 44.159 Average Unit Size (‘000sf) - Average Unit Size (‘000sf) - Office Content (%) 5 Office Content (%) - Office Content (%) - Parking Space Ratio 1.62 Parking Space Ratio - Parking Space Ratio - Acquisition Date Sep-2004 Acquisition Date Jun-2006 Acquisition Date Jun-2006 Acquisition Price plus Additions (US$m) 7.2 Acquisition Price plus Additions (US$m) 3.2 Acquisition Price plus Additions (US$m) 2.0 Book Value (US$m) 7.9 Book Value (US$m) 3.6 Book Value (US$m) 2.3 Independent Valuation Date Jun-2008 Independent Valuation Date - Independent Valuation Date - Independent Valuation (US$m) 7.9 Independent Valuation (US$m) - Independent Valuation (US$m) - Market Cap Rate (%) 7.00 Market Cap Rate (%) - Market Cap Rate (%) - Average Net Passing Rent (US$/sf) 3.24 Average Net Passing Rent (US$/sf) - Average Net Passing Rent (US$/sf) - Average Net Market Rent (US$/sf) 3.45 Average Net Market Rent (US$/sf) - Average Net Market Rent (US$/sf) - Initial Yield (%) 4.32 Initial Yield (%) - Initial Yield (%) - Discount Rate (%) 8.00 Discount Rate (%) - Discount Rate (%) - Major Tenant Trane Major Tenant - Major Tenant - Leased By Area (%) 100 Leased By Area (%) - Leased By Area (%) - Weighted Lease Term by Income (years) 3.1 Weighted Lease Term by Income (years) -Weighted Lease Term by Income (years) - Available (%) 0 Available (%) 0 Available (%) 0 Year 2009 (%) 18 Year 2009 (%) 0 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2011 (%) 26 Year 2011 (%) 0 Year 2011 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 56 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

78 DEXUS property group PROPERTY SYNOPSIS 2008 1800-1808 10th Street, Plano, 820-860 F Avenue, Plano, Texas 1600-1700 Capital Avenue, Plano, Texas Texas

These properties are located north of I-90 The property is located east of North Central These buildings are located north of I-90 in in the city of Plano, Collin County, TX. Two, Expressway in the city of Plano, Collin County, the city of Plano, Collin County, TX. Two, single multi-tenant, concrete tilt-up, warehouse/flex TX. Three single story, masonry, multi-tenant story, concrete tilt-up, multi-tenant, warehouse/ buildings. Roof systems are built up tar. flex buildings. Roof system is built up tar. flex buildings. Roof systems are built up tar.

Details Details Details Metro area Dallas Metro area Dallas Metro area Dallas Building Type Industrial Estate Building Type Business Park Building Type Industrial Estate Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning LI -1 Light Industrial Zoning LI 1 - Light Industrial Zoning LI -1 Light Industrial Year Built 1986 Year Built 1984 Year Built 1986 Site Area (acres) 11.3 Site Area (acres) 5.3 Site Area (acres) 5.7 Lettable Area (‘000sf) 206.900 Lettable Area (‘000sf) 73.100 Lettable Area (‘000sf) 100.500 Site Coverage (%) 42 Site Coverage (%) 31 Site Coverage (%) 40 Number of Buildings 2 Number of Buildings 1 Number of Buildings 2 Number of Units 7 Number of Units 10 Number of Units 5 Average Unit Size (‘000sf) 29.563 Average Unit Size (‘000sf) 7.309 Average Unit Size (‘000sf) 20.108 Office Content (%) 12 Office Content (%) 80 Office Content (%) 32 Parking Space Ratio 2.05 Parking Space Ratio 3.17 Parking Space Ratio 2.24 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 9.8 Acquisition Price plus Additions (US$m) 6.8 Acquisition Price plus Additions (US$m) 6.2 Book Value (US$m) 10.7 Book Value (US$m) 6.0 Book Value (US$m) 6.3 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 10.7 Independent Valuation (US$m) 6.0 Independent Valuation (US$m) 6.3 Market Cap Rate (%) 7.50 Market Cap Rate (%) 8.00 Market Cap Rate (%) 7.50 Average Net Passing Rent (US$/sf) 4.27 Average Net Passing Rent (US$/sf) 9.87 Average Net Passing Rent (US$/sf) 5.29 Average Net Market Rent (US$/sf) 4.41 Average Net Market Rent (US$/sf) 10.00 Average Net Market Rent (US$/sf) 5.25 Initial Yield (%) 3.83 Initial Yield (%) 6.38 Initial Yield (%) 5.20 Discount Rate (%) 8.50 Discount Rate (%) 8.50 Discount Rate (%) 8.50 Major Tenant The Picture People, Inc. Major Tenant Soletron USA, Inc. Major Tenant Probity Electronics Leased By Area (%) 88 Leased By Area (%) 95 Leased By Area (%) 100 Weighted Lease Term by Income (years) 5.4 Weighted Lease Term by Income (years) 2.3 Weighted Lease Term by Income (years) 3.2 Available (%) 14 Available (%) 5 Available (%) 0 Year 2009 (%) 12 Year 2009 (%) 25 Year 2009 (%) 18 Year 2010 (%) 0 Year 2010 (%) 12 Year 2010 (%) 0 Year 2011 (%) 19 Year 2011 (%) 33 Year 2011 (%) 32 Year 2012 (%) 0 Year 2012 (%) 0 Year 2012 (%) 12 Year 2013 (%) 17 Year 2013 (%) 25 Year 2013 (%) 13 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 25 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 13 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 24 Year 2018+ (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 79 Industrial Portfolio – North America (continued)

3601 East Plano Parkway & 1000 2701, 2801, 2805 East Plano 885 East Collins Boulevard, Shiloh Road, Plano, Texas Parkway & 2700 Summit Avenue, Richardson, Texas Plano, Texas

North of I-90 and east of North Central North of I-90 and east of North Central The property is located east of North Central Expressway. The properties are accessible from Expressway. The properties are accessible from Expressway in the city of Richardson, Dallas East Plano Parkway. Two one story, concrete East Plano Parkway. Four one story, concrete County, TX. It is accessible from Firman Drive tilt-up, multi-tenant warehouse/flex buildings. tilt-up, multi-tenant warehouse/flex buildings. and Collins Blvd. One single story, concrete Roof systems are membrane/EPDM. Roof systems are built up tar. tilt-up, multi-tenant flex building. Roof system is membrane/EPDM.

Details Details Details Metro area Dallas Metro area Dallas Metro area Dallas Building Type Industrial Estate Building Type Industrial Estate Building Type Business Park Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning RT - Research Technology Zoning RT - Research Technology Zoning IM (1) SPL Year Built 1998 Year Built 1998 Year Built 1985 Site Area (acres) 19.5 Site Area (acres) 21.2 Site Area (acres) 4.5 Lettable Area (‘000sf) 286.900 Lettable Area (‘000sf) 306.600 Lettable Area (‘000sf) 56.500 Site Coverage (%) 34 Site Coverage (%) 33 Site Coverage (%) 29 Number of Buildings 2 Number of Buildings 4 Number of Buildings 1 Number of Units 7 Number of Units 9 Number of Units 4 Average Unit Size (‘000sf) 40.983 Average Unit Size (‘000sf) 34.068 Average Unit Size (‘000sf) 14.115 Office Content (%) 8 Office Content (%) 39 Office Content (%) 31 Parking Space Ratio 2.09 Parking Space Ratio 2.93 Parking Space Ratio 4.34 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 13.1 Acquisition Price plus Additions (US$m) 21.2 Acquisition Price plus Additions (US$m) 3.6 Book Value (US$m) 17.7 Book Value (US$m) 24.5 Book Value (US$m) 3.6 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 17.1 Independent Valuation (US$m) 24.5 Independent Valuation (US$m) 3.6 Market Cap Rate (%) 7.00 Market Cap Rate (%) 7.50 Market Cap Rate (%) 8.00 Average Net Passing Rent (US$/sf) 4.28 Average Net Passing Rent (US$/sf) 5.48 Average Net Passing Rent (US$/sf) 8.69 Average Net Market Rent (US$/sf) 4.75 Average Net Market Rent (US$/sf) 6.50 Average Net Market Rent (US$/sf) 8.50 Initial Yield (%) 5.09 Initial Yield (%) 6.80 Initial Yield (%) 5.11 Discount Rate (%) 7.50 Discount Rate (%) 7.75 Discount Rate (%) 9.00 Major Tenant Tekelec Major Tenant Adams Golf Major Tenant Air System Components Leased By Area (%) 79 Leased By Area (%) 100 Leased By Area (%) 75 Weighted Lease Term by Income (years) 1.7 Weighted Lease Term by Income (years) 3.2 Weighted Lease Term by Income (years) 2.9 Available (%) 27 Available (%) 0 Available (%) 25 Year 2009 (%) 51 Year 2009 (%) 17 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 6 Year 2010 (%) 23 Year 2011 (%) 0 Year 2011 (%) 5 Year 2011 (%) 32 Year 2012 (%) 16 Year 2012 (%) 45 Year 2012 (%) 0 Year 2013 (%) 5 Year 2013 (%) 5 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 23 Year 2014 (%) 20 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

80 DEXUS property group PROPERTY SYNOPSIS 2008 Cornerstone Building, 5411 I-10 302-402 N Tayman Road, San 202 S Tayman Road, San Antonio, East & 1228 Cornerway Boulevard, Antonio, Texas Texas San Antonio, Texas

Two buildings totalling 288,000sf with 30’ clear Two buildings totalling 416,000sf. 402 Tayman This 10.3 acre development land site was heights and 10% office buildout. has 16’ clear heights and 0% office buildout purchased in November 2007 and is located in while 302 Tayman has 30’ clear heights and San Antonio, Texas 2% office buildout.

Details Details Details Metro area San Antonio Metro area San Antonio Metro area San Antonio Building Type Industrial/Warehouse Building Type Industrial/Warehouse Building Type Land Ownership (%) 100 Ownership (%) 100 Ownership (%) 97 Co-Owner - Co-Owner - Co-Owner santa Barbara Development Services Zoning Industrial or Light Manufacturing Zoning Industrial or Light Manufacturing Zoning - Year Built 2007 Year Built 2006 Year Built - Site Area (acres) 17.1 Site Area (acres) 29.6 Site Area (acres) 10.3 Lettable Area (‘000sf) 288.000 Lettable Area (‘000sf) 416.000 Lettable Area (‘000sf) - Site Coverage (%) 39 Site Coverage (%) 32 Site Coverage (%) - Number of Buildings 2 Number of Buildings 2 Number of Buildings - Number of Units 2 Number of Units 4 Number of Units - Average Unit Size (‘000sf) 144.000 Average Unit Size (‘000sf) 104.000 Average Unit Size (‘000sf) - Office Content (%) 10 Office Content (%) 2 Office Content (%) - Parking Space Ratio 1.11 Parking Space Ratio 0.38 Parking Space Ratio - Acquisition Date Aug-2007 Acquisition Date Aug-2007 Acquisition Date Nov-2007 Acquisition Price plus Additions (US$m) 13.9 Acquisition Price plus Additions (US$m) 16.8 Acquisition Price plus Additions (US$m) 3.6 Book Value (US$m) 13.4 Book Value (US$m) 19.1 Book Value (US$m) 3.6 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date - Independent Valuation (US$m) 13.4 Independent Valuation (US$m) 19.1 Independent Valuation (US$m) - Market Cap Rate (%) 7.50 Market Cap Rate (%) 7.50 Market Cap Rate (%) - Average Net Passing Rent (US$/sf) 5.99 Average Net Passing Rent (US$/sf) 3.59 Average Net Passing Rent (US$/sf) - Average Net Market Rent (US$/sf) 4.50 Average Net Market Rent (US$/sf) 4.15 Average Net Market Rent (US$/sf) - Initial Yield (%) 6.65 Initial Yield (%) 2.65 Initial Yield (%) - Discount Rate (%) 8.50 Discount Rate (%) 8.25 Discount Rate (%) - Major Tenant Forward Air, Inc. Major Tenant fiesta Warehousing & Distribution Major Tenant - Leased By Area (%) 13 Leased By Area (%) 13 Leased By Area (%) - Weighted Lease Term by Income (years) 5.0 Weighted Lease Term by Income (years) 3.8 Weighted Lease Term by Income (years) - Available (%) 83 Available (%) 88 Available (%) 0 Year 2009 (%) 0 Year 2009 (%) 0 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2012 (%) 0 Year 2012 (%) 12 Year 2012 (%) 0 Year 2013 (%) 17 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 81 Industrial Portfolio – North America (continued)

1803 Grandstand Drive, San 8151-8161 Interchange Parkway, 8171 Interchange Parkway, San Antonio, Texas San Antonio, Texas Antonio, Texas

Single 133,500sf building with 24’ clear Two buildings totalling 209,500sf with 24’ clear This 3.0 acre development land site was heights and 23% office buildout. heights and 22% office buildout. purchased in July 2007 and is located in San Antonio, Texas

Details Details Details Metro area San Antonio Metro area San Antonio Metro area San Antonio Building Type Industrial/Warehouse Building Type Industrial/Warehouse Building Type Land Ownership (%) 100 Ownership (%) 100 Ownership (%) 97 Co-Owner - Co-Owner - Co-Owner santa Barbara Development Services Zoning Industrial or Light Manufacturing Zoning Industrial or Light Manufacturing Zoning - Year Built 2007 Year Built 2006 Year Built - Site Area (acres) 8.5 Site Area (acres) 13.7 Site Area (acres) 3.0 Lettable Area (‘000sf) 133.500 Lettable Area (‘000sf) 209.500 Lettable Area (‘000sf) - Site Coverage (%) 36 Site Coverage (%) 35 Site Coverage (%) - Number of Buildings 1 Number of Buildings 2 Number of Buildings - Number of Units 3 Number of Units 4 Number of Units - Average Unit Size (‘000sf) 44.500 Average Unit Size (‘000sf) 52.375 Average Unit Size (‘000sf) - Office Content (%) 23 Office Content (%) 22 Office Content (%) - Parking Space Ratio 1.62 Parking Space Ratio 2.06 Parking Space Ratio - Acquisition Date Aug-2007 Acquisition Date Jul-2007 Acquisition Date Jul-2007 Acquisition Price plus Additions (US$m) 10.8 Acquisition Price plus Additions (US$m) 16.2 Acquisition Price plus Additions (US$m) 1.3 Book Value (US$m) 10.7 Book Value (US$m) 15.5 Book Value (US$m) 1.3 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date - Independent Valuation (US$m) 10.7 Independent Valuation (US$m) 15.5 Independent Valuation (US$m) - Market Cap Rate (%) 7.50 Market Cap Rate (%) 7.50 Market Cap Rate (%) - Average Net Passing Rent (US$/sf) 6.68 Average Net Passing Rent (US$/sf) 6.41 Average Net Passing Rent (US$/sf) - Average Net Market Rent (US$/sf) 6.71 Average Net Market Rent (US$/sf) 5.44 Average Net Market Rent (US$/sf) - Initial Yield (%) 7.62 Initial Yield (%) 8.07 Initial Yield (%) - Discount Rate (%) 8.50 Discount Rate (%) 8.25 Discount Rate (%) - Major Tenant Twigland Fashions, Ltd. Major Tenant lancer FBD Partnership, Ltd. Major Tenant - Leased By Area (%) 72 Leased By Area (%) 93 Leased By Area (%) - Weighted Lease Term by Income (years) 6.6 Weighted Lease Term by Income (years) 5.8 Weighted Lease Term by Income (years) - Available (%) 28 Available (%) 11 Available (%) 0 Year 2009 (%) 0 Year 2009 (%) 0 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2011 (%) 0 Year 2011 (%) 15 Year 2011 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 39 Year 2013 (%) 40 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 34 Year 2017 (%) 0 Year 2018+ (%) 33 Year 2018+ (%) 0 Year 2018+ (%) 0

82 DEXUS property group PROPERTY SYNOPSIS 2008 8181 Interchange Parkway, San 8191 Interchange Parkway, San Interchange North 1, 3003, 3005 Antonio, Texas Antonio, Texas NE I-410 Loop, San Antonio, Texas

This 3.0 acre development land site was This 2.3 acre development land site was This 5.6 acre development land site was purchased in July 2007 and is located in San purchased in July 2007 and is located in San purchased in July 2007 and is located in San Antonio, Texas. Antonio, Texas. Antonio, Texas.

Details Details Details Metro area San Antonio Metro area San Antonio Metro area San Antonio Building Type Land Building Type Land Building Type Land Ownership (%) 97 Ownership (%) 97 Ownership (%) 97 Co-Owner santa Barbara Development Services Co-Owner santa Barbara Development Services Co-Owner santa Barbara Development Services Zoning - Zoning - Zoning - Year Built - Year Built - Year Built - Site Area (acres) 3.0 Site Area (acres) 2.3 Site Area (acres) 5.6 Lettable Area (‘000sf) - Lettable Area (‘000sf) - Lettable Area (‘000sf) - Site Coverage (%) - Site Coverage (%) - Site Coverage (%) - Number of Buildings - Number of Buildings - Number of Buildings - Number of Units - Number of Units - Number of Units - Average Unit Size (‘000sf) - Average Unit Size (‘000sf) - Average Unit Size (‘000sf) - Office Content (%) - Office Content (%) - Office Content (%) - Parking Space Ratio - Parking Space Ratio - Parking Space Ratio - Acquisition Date Jul-2007 Acquisition Date Jul-2007 Acquisition Date Jul-2007 Acquisition Price plus Additions (US$m) 1.5 Acquisition Price plus Additions (US$m) 1.5 Acquisition Price plus Additions (US$m) 3.2 Book Value (US$m) 1.5 Book Value (US$m) 1.5 Book Value (US$m) 3.2 Independent Valuation Date - Independent Valuation Date - Independent Valuation Date - Independent Valuation (US$m) - Independent Valuation (US$m) - Independent Valuation (US$m) - Market Cap Rate (%) - Market Cap Rate (%) - Market Cap Rate (%) - Average Net Passing Rent (US$/sf) - Average Net Passing Rent (US$/sf) - Average Net Passing Rent (US$/sf) - Average Net Market Rent (US$/sf) - Average Net Market Rent (US$/sf) - Average Net Market Rent (US$/sf) - Initial Yield (%) - Initial Yield (%) - Initial Yield (%) - Discount Rate (%) - Discount Rate (%) - Discount Rate (%) - Major Tenant - Major Tenant - Major Tenant - Leased By Area (%) - Leased By Area (%) - Leased By Area (%) - Weighted Lease Term by Income (years) -Weighted Lease Term by Income (years) -Weighted Lease Term by Income (years) - Available (%) 0 Available (%) 0 Available (%) 0 Year 2009 (%) 0 Year 2009 (%) 0 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 83 Industrial Portfolio – North America (continued)

Tri-County 2, Tri-County Parkway, Tri-County 5, Tri-County Parkway, Tri-County 6, Tri-County Parkway, Schertz, Texas Schertz, Texas Schertz, Texas

This 5.8 acre development land site was This 2.9 acre development land site was This 4.1 acre development land site was purchased in July 2007 and is located in purchased in July 2007 and is located in purchased in July 2007 and is located in Schertz/San Antonio, Texas. Schertz/San Antonio, Texas. Schertz/San Antonio, Texas.

Details Details Details Metro area San Antonio Metro area San Antonio Metro area San Antonio Building Type Land Building Type Land Building Type Land Ownership (%) 97 Ownership (%) 97 Ownership (%) 97 Co-Owner santa Barbara Development Services Co-Owner santa Barbara Development Services Co-Owner santa Barbara Development Services Zoning - Zoning - Zoning - Year Built - Year Built - Year Built - Site Area (acres) 5.8 Site Area (acres) 2.9 Site Area (acres) 4.1 Lettable Area (‘000sf) - Lettable Area (‘000sf) - Lettable Area (‘000sf) - Site Coverage (%) - Site Coverage (%) - Site Coverage (%) - Number of Buildings - Number of Buildings - Number of Buildings - Number of Units - Number of Units - Number of Units - Average Unit Size (‘000sf) - Average Unit Size (‘000sf) - Average Unit Size (‘000sf) - Office Content (%) - Office Content (%) - Office Content (%) - Parking Space Ratio - Parking Space Ratio - Parking Space Ratio - Acquisition Date Jul-2007 Acquisition Date Jul-2007 Acquisition Date Jul-2007 Acquisition Price plus Additions (US$m) 2.0 Acquisition Price plus Additions (US$m) 1.0 Acquisition Price plus Additions (US$m) 1.5 Book Value (US$m) 2.0 Book Value (US$m) 1.0 Book Value (US$m) 1.5 Independent Valuation Date - Independent Valuation Date - Independent Valuation Date - Independent Valuation (US$m) - Independent Valuation (US$m) - Independent Valuation (US$m) - Market Cap Rate (%) - Market Cap Rate (%) - Market Cap Rate (%) - Average Net Passing Rent (US$/sf) - Average Net Passing Rent (US$/sf) - Average Net Passing Rent (US$/sf) - Average Net Market Rent (US$/sf) - Average Net Market Rent (US$/sf) - Average Net Market Rent (US$/sf) - Initial Yield (%) - Initial Yield (%) - Initial Yield (%) - Discount Rate (%) - Discount Rate (%) - Discount Rate (%) - Major Tenant - Major Tenant - Major Tenant - Leased By Area (%) - Leased By Area (%) - Leased By Area (%) - Weighted Lease Term by Income (years) -Weighted Lease Term by Income (years) -Weighted Lease Term by Income (years) - Available (%) 0 Available (%) 0 Available (%) 0 Year 2009 (%) 0 Year 2009 (%) 0 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

84 DEXUS property group PROPERTY SYNOPSIS 2008 850 North Lake Drive, 300 & 405-444 Swann Avenue, 326-446 Calvert Avenue & Weatherford, Texas 2402-2520 Oakville Street & 401-403 Murry’s Avenue, 2412-2610 Jefferson Davis Alexandria, Virginia Highway, Alexandria, Virginia

Located just north of Beltline Road in the city Located in the I-395 Corridor submarket at the Located in the I-395 Corridor submarket at the of Coppell, Dallas County, TX. It is accessible rear of Oakville Industrial Park along Route 1, rear of Oakville Industrial Park along Route 1, from Beltline Road and North Lake Drive. approximately 3 miles south of Washington DC approximately 3 miles south of Washington DC One single story, concrete tilt up, multi-tenant and one mile south of Ronald Reagan Airport. and one mile south of Ronald Reagan Airport. warehouse/distribution building. Roof system is Five industrial, masonry and metal, multi- Three, masonry and metal, multi-tenant, built up tar. tenant, warehouse buildings. Roof systems are warehouse buildings. Roof systems are built built up tar. up tar.

Details Details Details Metro area Dallas Metro area Northern Virginia Metro area Northern Virginia Building Type Distribution Centre Building Type Industrial Estate Building Type Industrial Estate Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning LI 1 - Light Industrial Zoning I - Industrial Zoning I - Industrial Year Built 1982 Year Built 1946 Year Built 1940 Site Area (acres) 11.4 Site Area (acres) 11.2 Site Area (acres) 2.2 Lettable Area (‘000sf) 230.400 Lettable Area (‘000sf) 440.500 Lettable Area (‘000sf) 48.600 Site Coverage (%) 46 Site Coverage (%) 91 Site Coverage (%) 50 Number of Buildings 1 Number of Buildings 7 Number of Buildings 3 Number of Units 2 Number of Units 29 Number of Units 10 Average Unit Size (‘000sf) 115.200 Average Unit Size (‘000sf) 15.190 Average Unit Size (‘000sf) 4.861 Office Content (%) 24 Office Content (%) 22 Office Content (%) 25 Parking Space Ratio 0.92 Parking Space Ratio 0.56 Parking Space Ratio 0.89 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 9.7 Acquisition Price plus Additions (US$m) 45.6 Acquisition Price plus Additions (US$m) 5.3 Book Value (US$m) 12.0 Book Value (US$m) 52.1 Book Value (US$m) 4.9 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 12.0 Independent Valuation (US$m) 51.1 Independent Valuation (US$m) 4.9 Market Cap Rate (%) 7.00 Market Cap Rate (%) 7.50 Market Cap Rate (%) 7.25 Average Net Passing Rent (US$/sf) 4.20 Average Net Passing Rent (US$/sf) 10.86 Average Net Passing Rent (US$/sf) 10.71 Average Net Market Rent (US$/sf) 3.50 Average Net Market Rent (US$/sf) 12.89 Average Net Market Rent (US$/sf) 10.79 Initial Yield (%) 8.46 Initial Yield (%) 7.21 Initial Yield (%) 5.76 Discount Rate (%) 8.00 Discount Rate (%) 8.75 Discount Rate (%) 8.75 Major Tenant Michaels Stores, Inc. Major Tenant chesapeake Resource DBA Vault Major Tenant United Refrigeration, Inc. Leased By Area (%) 100 Leased By Area (%) 89 Leased By Area (%) 86 Weighted Lease Term by Income (years) 7.9 Weighted Lease Term by Income (years) 4.0 Weighted Lease Term by Income (years) 1.8 Available (%) 0 Available (%) 20 Available (%) 13 Year 2009 (%) 0 Year 2009 (%) 11 Year 2009 (%) 59 Year 2010 (%) 0 Year 2010 (%) 6 Year 2010 (%) 11 Year 2011 (%) 0 Year 2011 (%) 17 Year 2011 (%) 7 Year 2012 (%) 0 Year 2012 (%) 8 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 10 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 5 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 22 Year 2015 (%) 9 Year 2016 (%) 100 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 2 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 85 Industrial Portfolio – North America (continued)

Beaumeade Telecom, Beaumeade, Ashburn, Virginia 44633-44645 Guilford Road 21561-21571 Beaumeade Circle, & 21641 Beaumeade Circle, Ashburn, Virginia Ashburn, Virginia

The Beaumeade Circle buildings are located This 10.7-acre development land site was The buildings are located on Beaumeade Circle on Beaumeade Circle in the Beaumeade purchased on 30 June 2006 and is located in in the Beaumeade Corporate Park located just Corporate Park located just off of Waxpool Ashburn, Virginia. off of Waxpool Road in Ashburn, approximately Road in Ashburn, VA approximately 6 miles 6 miles north of the Dulles International Airport north of the Dulles International Airport and and approximately 30 miles west of DC. The approximately 30 miles west of DC. Two one property is readily accessible from State Road story, concrete tilt-up, single tenant, flex 28 via public road ways. buildings. Roof systems are membrane/EPDM.

Details Details Details Metro area Northern Virginia Metro area Northern Virginia Metro area Northern Virginia Building Type Business Park Building Type Land Building Type Business Park Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning PD - IP, Loudon County Zoning - Zoning PD - IP, Loudon County Year Built 2000 Year Built - Year Built 1987 Site Area (acres) 14.1 Site Area (acres) 10.7 Site Area (acres) 13.7 Lettable Area (‘000sf) 164.500 Lettable Area (‘000sf) - Lettable Area (‘000sf) 177.300 Site Coverage (%) 27 Site Coverage (%) - Site Coverage (%) 30 Number of Buildings 2 Number of Buildings - Number of Buildings 3 Number of Units 2 Number of Units - Number of Units 16 Average Unit Size (‘000sf) 82.227 Average Unit Size (‘000sf) - Average Unit Size (‘000sf) 11.080 Office Content (%) 80 Office Content (%) - Office Content (%) 31 Parking Space Ratio 3.22 Parking Space Ratio - Parking Space Ratio 1.83 Acquisition Date Sep-2004 Acquisition Date Jun-2006 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 32.4 Acquisition Price plus Additions (US$m) 4.2 Acquisition Price plus Additions (US$m) 17.5 Book Value (US$m) 44.0 Book Value (US$m) 4.3 Book Value (US$m) 21.4 Independent Valuation Date Jun-2008 Independent Valuation Date - Independent Valuation Date Jun-2008 Independent Valuation (US$m) 44.0 Independent Valuation (US$m) - Independent Valuation (US$m) 21.4 Market Cap Rate (%) 8.25 Market Cap Rate (%) - Market Cap Rate (%) 7.00 Average Net Passing Rent (US$/sf) 15.37 Average Net Passing Rent (US$/sf) - Average Net Passing Rent (US$/sf) 9.34 Average Net Market Rent (US$/sf) 36.00 Average Net Market Rent (US$/sf) - Average Net Market Rent (US$/sf) 9.50 Initial Yield (%) 5.73 Initial Yield (%) - Initial Yield (%) 7.35 Discount Rate (%) 11.00 Discount Rate (%) - Discount Rate (%) 8.25 Major Tenant AT&T Corporation Major Tenant - Major Tenant old Dominion Brewing Company Leased By Area (%) 100 Leased By Area (%) - Leased By Area (%) 97 Weighted Lease Term by Income (years) 7.5 Weighted Lease Term by Income (years) -Weighted Lease Term by Income (years) 1.6 Available (%) 0 Available (%) 0 Available (%) 3 Year 2009 (%) 0 Year 2009 (%) 0 Year 2009 (%) 47 Year 2010 (%) 0 Year 2010 (%) 0 Year 2010 (%) 12 Year 2011 (%) 0 Year 2011 (%) 0 Year 2011 (%) 28 Year 2012 (%) 0 Year 2012 (%) 0 Year 2012 (%) 10 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 100 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

86 DEXUS property group PROPERTY SYNOPSIS 2008 CTC at Dulles, 13555 EDS Drive, 45901-45905 Nokes Boulevard, Atlantic Corporate Park, Sterling, Herndon, Virginia Sterling, Virginia Virginia

The property is located just east of the The Nokes Boulevard buildings are in the This 14-acre development land site was Washington-Dulles International Airport. It is eastern portion of Loudon County, in the city purchased on 30 June 2006 and is located in proximate to Sully Road at the intersection of Sterling. The property is situated in Loudon Sterling, Virginia. The site is approximately of Mclearen Road and EDS Drive. One story, Techcenter, a 280-acre park along Route 7 1.5 miles south of Dulles Town Centre and concrete tilt-up, single tenant, office building. and Route 28. Two one story, concrete tilt-up, 5.7 miles from Washington Dulles International Roof system is membrane/EPDM. multi-tenant, flex buildings. Roof systems are Airport. Ground breaking has commenced on a membrane/EPDM. 220,000sf Class A suburban office complex to be named Atlantic Corporate Park.

Details Details Details Metro area Northern Virginia Metro area Northern Virginia Metro area Northern Virginia Building Type Business Park Building Type Business Park Building Type Office Park Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning - Zoning PD - IP, Loudon County Zoning - Year Built 2001 Year Built 1998 Year Built - Site Area (acres) 8.5 Site Area (acres) 12.3 Site Area (acres) 14.0 Lettable Area (‘000sf) 103.500 Lettable Area (‘000sf) 167.200 Lettable Area (‘000sf) - Site Coverage (%) 28 Site Coverage (%) 31 Site Coverage (%) - Number of Buildings 1 Number of Buildings 2 Number of Buildings - Number of Units 1 Number of Units 2 Number of Units - Average Unit Size (‘000sf) 103.502 Average Unit Size (‘000sf) 83.580 Average Unit Size (‘000sf) - Office Content (%) 100 Office Content (%) 45 Office Content (%) - Parking Space Ratio 4.23 Parking Space Ratio 3.12 Parking Space Ratio - Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Jun-2006 Acquisition Price plus Additions (US$m) 24.5 Acquisition Price plus Additions (US$m) 20.0 Acquisition Price plus Additions (US$m) 32.3 Book Value (US$m) 29.5 Book Value (US$m) 46.4 Book Value (US$m) 33.3 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date - Independent Valuation (US$m) 29.5 Independent Valuation (US$m) 46.4 Independent Valuation (US$m) - Market Cap Rate (%) 6.50 Market Cap Rate (%) 8.25 Market Cap Rate (%) - Average Net Passing Rent (US$/sf) 17.81 Average Net Passing Rent (US$/sf) 10.56 Average Net Passing Rent (US$/sf) - Average Net Market Rent (US$/sf) 17.00 Average Net Market Rent (US$/sf) 36.00 Average Net Market Rent (US$/sf) - Initial Yield (%) 6.44 Initial Yield (%) 3.30 Initial Yield (%) - Discount Rate (%) 7.00 Discount Rate (%) 11.00 Discount Rate (%) - Major Tenant US Government (TSA) Major Tenant exodus Communications, Inc. Major Tenant - Leased By Area (%) 100 Leased By Area (%) 100 Leased By Area (%) - Weighted Lease Term by Income (years) 5.4 Weighted Lease Term by Income (years) 0.8 Weighted Lease Term by Income (years) - Available (%) 0 Available (%) 0 Available (%) 0 Year 2009 (%) 0 Year 2009 (%) 54 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 46 Year 2010 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 100 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 87 Industrial Portfolio – North America (continued)

Kent West Corporate Park, 21902 Riverbend Commerce Park, Riverbend Commerce Park, 64th Avenue S, Kent, Washington 8005 South 266th Street, Kent, 26507 79th Avenue South, Kent, Washington Washington

Kent West Corporate Park is located along the Riverbend Commerce Park is located Riverbend Commerce Park is located west side of the West Valley Highway (68th approximately 2 miles east of SR 167 and approximately 2 miles east of SR 167 and Avenue South), one half mile south of S. 212th south of S. 259th Street and Green River south of S. 259th Street and Green River Road. Street. The property has excellent frontage Road. One-story, concrete tilt-up, multi-tenant, One-story, concrete tilt-up, multi-tenant, flex on West Valley Highway, with easy access to warehouse building. Roof system is built-up building. Roof system is built-up tar. Interstate 5 and Highway 167. Five one-story, tar. concrete tilt-up, multi-tenant, warehouse/flex buildings. Roof systems are built-up tar.

Details Details Details Metro area Seattle Metro area Seattle Metro area Seattle Building Type Industrial Estate Building Type Distribution Centre Building Type Business Park Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Co-Owner - Co-Owner - Co-Owner - Zoning M-1 Industrial Park District Zoning M-1 Industrial Park District Zoning M-1 Industrial Park District Year Built 1989 Year Built 2000 Year Built 2000 Site Area (acres) 19.6 Site Area (acres) 12.2 Site Area (acres) 2.6 Lettable Area (‘000sf) 402.800 Lettable Area (‘000sf) 92.400 Lettable Area (‘000sf) 35.900 Site Coverage (%) 47 Site Coverage (%) 17 Site Coverage (%) 32 Number of Buildings 5 Number of Buildings 1 Number of Buildings 1 Number of Units 12 Number of Units 5 Number of Units 2 Average Unit Size (‘000sf) 33.563 Average Unit Size (‘000sf) 18.480 Average Unit Size (‘000sf) 17.936 Office Content (%) 15 Office Content (%) 11 Office Content (%) 16 Parking Space Ratio 0.82 Parking Space Ratio 1.05 Parking Space Ratio 0.95 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Date Sep-2004 Acquisition Price plus Additions (US$m) 28.3 Acquisition Price plus Additions (US$m) 7.0 Acquisition Price plus Additions (US$m) 2.6 Book Value (US$m) 35.0 Book Value (US$m) 8.7 Book Value (US$m) 3.6 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (US$m) 35.0 Independent Valuation (US$m) 8.7 Independent Valuation (US$m) 3.6 Market Cap Rate (%) 5.75 Market Cap Rate (%) 6.50 Market Cap Rate (%) 5.75 Average Net Passing Rent (US$/sf) 5.29 Average Net Passing Rent (US$/sf) 6.85 Average Net Passing Rent (US$/sf) 6.36 Average Net Market Rent (US$/sf) 5.53 Average Net Market Rent (US$/sf) 5.80 Average Net Market Rent (US$/sf) 6.39 Initial Yield (%) 4.22 Initial Yield (%) 5.77 Initial Yield (%) 6.91 Discount Rate (%) 7.25 Discount Rate (%) 7.25 Discount Rate (%) 7.25 Major Tenant Graebel/Quality Movers, Inc. Major Tenant JFC International Inc. Major Tenant northern Sales Company, Inc. Leased By Area (%) 100 Leased By Area (%) 100 Leased By Area (%) 100 Weighted Lease Term by Income (years) 2.8 Weighted Lease Term by Income (years) 4.0 Weighted Lease Term by Income (years) 4.1 Available (%) 0 Available (%) 0 Available (%) 0 Year 2009 (%) 25 Year 2009 (%) 10 Year 2009 (%) 0 Year 2010 (%) 5 Year 2010 (%) 0 Year 2010 (%) 0 Year 2011 (%) 27 Year 2011 (%) 0 Year 2011 (%) 0 Year 2012 (%) 17 Year 2012 (%) 10 Year 2012 (%) 60 Year 2013 (%) 27 Year 2013 (%) 80 Year 2013 (%) 40 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

88 DEXUS property group PROPERTY SYNOPSIS 2008 8574 Boston Church Road Milton, Ontario

Single 754,704sf building with 32’ clear heights and 2% office buildout.

Details Metro area Toronto Building Type Industrial/Warehouse Ownership (%) 100 Zoning M-1 Industrial/Employment Year Built 2007 Site Area (acres) 45.0 Lettable Area (‘000sf) 754.700 Site Coverage (%) 39 Number of Buildings 1 Number of Units 1 Average Unit Size (‘000sf) 754.704 Office Content (%) 2 Parking Space Ratio 0.11 Acquisition Date Dec-2007 Acquisition Price plus Additions (CAD$) 70.4 Book Value (CAD$m) 68.3 Independent Valuation Date Jun-2008 Independent Valuation (CAD$m) 68.3 Market Cap Rate (%) 6.50 Average Net Passing Rent (CAD$/sf) 5.95 Average Net Market Rent (CAD$/sf) 5.75 Initial Yield (%) 5.49 Discount Rate (%) 7.50 Major Tenant Whirlpool Corporation Leased By Area (%) 100 Weighted Lease Term by Income (years) 9.5 Available (%) 0 Year 2009 (%) 0 Year 2010 (%) 0 Year 2011 (%) 0 Year 2012 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 100

DEXUS property group PROPERTY SYNOPSIS 2008 89 INDUSTRiaL PORTFOLIO europe

Liverpooler Straße, Kopenhagener Straße, Osloer Straße, Friemersheim, Duisburg

90 DEXUS property group PROPERTY SYNOPSIS 2008 21 rue du Chemin Blanc, 91160 Zone industrielle Epône II, 78680 Servon 1, Route Nationale 19 Champlan, Paris Epône, Paris L’Orme Rond, 77170 Servon, Paris

Longjumeau is located 19 km to the South of Epône is located 40 km West of Paris (porte The property is located 20 km to the South- Paris and 20 km from Evry, at the junction of de Saint Cloud) and 15 km from the A13 / A14 east of Paris. The town of Servon is located the motorways A6, A10 and N20. motorway junction. The property is located next to the Francilienne Paris outer motorway within the industrial area La Couronne des Près ring road. The site is also served by the N19 next to the town of Epône, 1.5 km from the road. The property is situated within the L’Orme A13 motorway. Rond industrial area which extends to 10 hectares between the N19 and the TGV line. The industrial area is currently fully occupied.

Details Details Details Metro area Paris Metro area Paris Metro area Paris Building Type Distribution Centre Building Type Distribution Centre Building Type Distribution Centre Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Year Built 1967 Year Built 1981 Year Built 1973 Site Area (ha) 11.3 Site Area (ha) 6.2 Site Area (ha) 13.6 Lettable Area (‘000m2) 20.000 Lettable Area (‘000m2) 11.300 Lettable Area (‘000m2) 27.400 Site Coverage (%) 44 Site Coverage (%) 45 Site Coverage (%) 50 Number of Buildings 1 Number of Buildings 1 Number of Buildings 1 Number of Units 1 Number of Units 1 Number of Units 1 Average Unit Size (‘000m2) 19.970 Average Unit Size (‘000m2) 11.265 Average Unit Size (‘000m2) 27.251 Office Content (%) 16 Office Content (%) 2 Office Content (%) 3 Car Parking Spaces 115 Car Parking Spaces 71 Car Parking Spaces 90 Acquisition Date Jul-2006 Acquisition Date Jul-2006 Acquisition Date Jul-2006 Acquisition Price plus Additions (€m) 14.6 Acquisition Price plus Additions (€m) 7.7 Acquisition Price plus Additions (€m) 19.3 Book Value (€m) 10.3 Book Value (€m) 6.4 Book Value (€m) 13.3 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (€m) 10.3 Independent Valuation (€m) 6.4 Independent Valuation (€m) 13.3 Market Cap Rate (%) 6.75 Market Cap Rate (%) 7.00 Market Cap Rate (%) 7.15 Average Net Passing Rent (€/m2) 47.57 Average Net Passing Rent (€/m2) 51.71 Average Net Passing Rent (€/m2) 38.00 Average Net Market Rent (€/m2) 50.00 Average Net Market Rent (€/m2) 44.60 Average Net Market Rent (€/m2) 45.00 Initial Yield (%) 8.62 Initial Yield (%) 8.74 Initial Yield (%) 9.70 Discount Rate (%) 8.50 Discount Rate (%) 8.50 Discount Rate (%) 8.75 Major Tenant CAE Major Tenant Auchan France Major Tenant ID Logistics France Leased By Area (%) 100 Leased By Area (%) 100 Leased By Area (%) 29 Weighted Lease Term by Income (years) 2.1 Weighted Lease Term by Income (years) 1.7 Weighted Lease Term by Income (years) 0.2 Available (%) 0 Available (%) 0 Available (%) 74 Year 2009 (%) 0 Year 2009 (%) 0 Year 2009 (%) 26 Year 2010 (%) 0 Year 2010 (%) 100 Year 2010 (%) 0 Year 2011 (%) 100 Year 2011 (%) 0 Year 2011 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 91 Industrial Portfolio – Europe (continued)

Servon 2, Route Nationale 19 32 avenue de l’Océanie, 91140 19 rue de Bretagne, 38070 Saint- L’Orme Rond, 77170 Servon, Paris Villejust, Paris Quentin Fallavier, Lyon

The property is located 20 km to the South- The property is located to the South of The property is located at Isle d’Abeau, next east of Paris. The town of Servon is located Paris within the International Business to the town of Saint Quentin Fallavier to the next to the Francilienne Paris outer motorway Park of Courtaboeuf, a major business and South-east of Lyon. The site benefits from ring road. The site is also served by the N19 transportation hub with good access by road, direct access to the A43 motorway and within road. The property is situated within the L’Orme rail and air. proximity of the Saint Exupéry airport and TGV Rond industrial area which extends to 10 station. Isle d’Abeau is the second largest hectares between the N19 and the TGV line. logistics location in France after the Paris The industrial area is currently fully occupied. region.

Details Details Details Metro area Paris Metro area Paris Metro area Lyon Building Type Distribution Centre Building Type Distribution Centre Building Type Distribution Centre Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Year Built 1999 Year Built 1977 Year Built 1975 Site Area (ha) 3.6 Site Area (ha) 8.1 Site Area (ha) 15.1 Lettable Area (‘000m2) 8.700 Lettable Area (‘000m2) 15.900 Lettable Area (‘000m2) 27.400 Site Coverage (%) 60 Site Coverage (%) 48 Site Coverage (%) 45 Number of Buildings 1 Number of Buildings 1 Number of Buildings 1 Number of Units 1 Number of Units 1 Number of Units 11 Average Unit Size (‘000m2) 8.482 Average Unit Size (‘000m2) 15.865 Average Unit Size (‘000m2) 2.486 Office Content (%) 1 Office Content (%) 7 Office Content (%) 8 Car Parking Spaces 90 Car Parking Spaces 95 Car Parking Spaces 45 Acquisition Date Jul-2006 Acquisition Date Jul-2006 Acquisition Date Jul-2006 Acquisition Price plus Additions (€m) 6.6 Acquisition Price plus Additions (€m) 11.1 Acquisition Price plus Additions (€m) 13.8 Book Value (€m) 4.8 Book Value (€m) 8.3 Book Value (€m) 11.2 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (€m) 4.8 Independent Valuation (€m) 8.3 Independent Valuation (€m) 11.2 Market Cap Rate (%) 7.15 Market Cap Rate (%) 6.75 Market Cap Rate (%) 7.15 Average Net Passing Rent (€/m2) 43.63 Average Net Passing Rent (€/m2) 47.04 Average Net Passing Rent (€/m2) 36.03 Average Net Market Rent (€/m2) 45.00 Average Net Market Rent (€/m2) 45.00 Average Net Market Rent (€/m2) 35.00 Initial Yield (%) 7.21 Initial Yield (%) 8.57 Initial Yield (%) 4.60 Discount Rate (%) 8.50 Discount Rate (%) 8.25 Discount Rate (%) 8.50 Major Tenant ID Logistics France Major Tenant Coca-Cola Enterprise Major Tenant Norma Leased By Area (%) 100 Leased By Area (%) 100 Leased By Area (%) 56 Weighted Lease Term by Income (years) 4.1 Weighted Lease Term by Income (years) 3.9 Weighted Lease Term by Income (years) 1.6 Available (%) 0 Available (%) 0 Available (%) 41 Year 2009 (%) 0 Year 2009 (%) 0 Year 2009 (%) 6 Year 2010 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2011 (%) 53 Year 2012 (%) 0 Year 2012 (%) 100 Year 2012 (%) 0 Year 2013 (%) 100 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

92 DEXUS property group PROPERTY SYNOPSIS 2008 Im Holderbusch 3, Sulmstraße, Schillerstraße 42, 42a, Schillerstraße 51, Ellhofen, Baden- Ellhofen, Baden-Wurttemberg Bahnhofstraße 44, 50, Ellhofen, Wurttemberg Baden-Wurttemberg

The property consists of a warehouse complex, The complex consists of a warehouse/office The property consists of a distribution complex, divided into several functional units, one building, and 3 ancilliary office/storage buildings, divided into several functional units; one single single storey warehouse and an office floor. as well as a petrol station and car wash. The storey refridgerated warehouse with an office/ The warehouse construction is reinforced main 3-storey warehouse has a supermarket on canteen located on the upper floor. Warehouse concrete framework, partly brick walls with the ground floor, with storage and office facilities clearance is 7 meters. The property is well thermal insulation and partly trapezoidal metal in the remainder. The site is located in an located with good access and visiblility from cladding. Warehouse clearance ranges from industrial area adjacent to residential areas, with busy intersection of motorways A81 and A6. 9.6 to 15 meters. good access to the A81 motorway.

Details Details Details Metro area Ellhofen Metro area Ellhofen Metro area Ellhofen Building Type Distribution Centre Building Type Distribution Centre Building Type Distribution Centre Title Freehold Title Freehold Title Freehold Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Zoning Gewerbegebiet B1 - (Commercial) Zoning Various Zoning Gewerbegebiet B1 - (Commercial) Year Built 1977 Year Built 1954 Year Built 1992 Site Area (ha) 13.0 Site Area (ha) 8.9 Site Area (ha) 8.8 Lettable Area (‘000m2) 27.700 Lettable Area (‘000m2) 20.500 Lettable Area (‘000m2) 19.200 Site Coverage (%) 53 Site Coverage (%) 57 Site Coverage (%) 54 Number of Buildings 1 Number of Buildings 3 Number of Buildings 1 Number of Units 1 Number of Units 4 Number of Units 1 Average Unit Size (‘000m2) 27.705 Average Unit Size (‘000m2) 5.117 Average Unit Size (‘000m2) 19.219 Office Content (%) 7 Office Content (%) 26 Office Content (%) 16 Car Parking Spaces - Car Parking Spaces - Car Parking Spaces - Acquisition Date Jan-2007 Acquisition Date Jan-2007 Acquisition Date Jan-2007 Acquisition Price plus Additions (€m) 16.0 Acquisition Price plus Additions (€m) 8.3 Acquisition Price plus Additions (€m) 13.2 Book Value (€m) 14.3 Book Value (€m) 7.4 Book Value (€m) 11.9 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (€m) 14.3 Independent Valuation (€m) 7.4 Independent Valuation (€m) 11.9 Market Cap Rate (%) 6.75 Market Cap Rate (%) 8.30 Market Cap Rate (%) 7.20 Average Net Passing Rent (€/m2) 41.84 Average Net Passing Rent (€/m2) 44.20 Average Net Passing Rent (€/m2) 44.63 Average Net Market Rent (€/m2) 42.40 Average Net Market Rent (€/m2) 41.56 Average Net Market Rent (€/m2) 56.65 Initial Yield (%) 7.38 Initial Yield (%) 9.86 Initial Yield (%) 6.96 Discount Rate (%) 6.75 Discount Rate (%) 8.30 Discount Rate (%) 7.20 Major Tenant Edeka Südwest eG Major Tenant Edeka Südwest eG Major Tenant Edeka Südwest eG Leased By Area (%) 100 Leased By Area (%) 92 Leased By Area (%) 100 Weighted Lease Term by Income (years) 5.0 Weighted Lease Term by Income (years) 4.8 Weighted Lease Term by Income (years) 5.0 Available (%) 0 Available (%) 8 Available (%) 0 Year 2009 (%) 0 Year 2009 (%) 5 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 100 Year 2013 (%) 85 Year 2013 (%) 100 Year 2014 (%) 0 Year 2014 (%) 2 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 93 Industrial Portfolio – Europe (continued)

Im Steinbruch 4, 6, Knetzgau, Bremer Ring & Hansestraße, Nordstraße 1, Löbau, Brandenburg Bayern Wustermark, Berlin, Brandenburg

The property consists of 2 state-of-the-art A recently constructed state-of-the-art logistics The complex consists of single storey interconnected warehouse/logistics buildings. building with cross-docking facilities and office warehouse facilities with integrated double Both buildings are built using reinforced space. The warehouse building is constructed storey office area. It is constructed of concrete framework, partly with brick walls and of reinforced concrete elements with sandwich prefabricated concrete walls with sandwich metal panel facades. Warehouse clearance façade. Located within newly established panelling. Internal clearnce ranges from ranges from 5.5 to 12 metres. The property cargo transport centre with excellent access to 6.5m to 8m in the newer part. The property is is located in a modern industrial area within motorway and railway. strategically located to serve Poland or Czech 200m of motorway A70. Republic from Germany.

Details Details Details Metro area Knetzgau Metro area Berlin Metro area Löbau Building Type Distribution Centre Building Type Distribution Centre Building Type Distribution Centre Title Freehold Title Freehold Title Freehold Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Zoning Industriegebiet - (industrial) Zoning Industriegebiet - (industrial) Zoning Gewerbegebiet B1 - (Commercial) Year Built 1991 Year Built 2006 Year Built 1967 Site Area (ha) 18.2 Site Area (ha) 10.6 Site Area (ha) 9.2 Lettable Area (‘000m2) 21.400 Lettable Area (‘000m2) 10.100 Lettable Area (‘000m2) 9.000 Site Coverage (%) 29 Site Coverage (%) 24 Site Coverage (%) 24 Number of Buildings 1 Number of Buildings 1 Number of Buildings 1 Number of Units 2 Number of Units 1 Number of Units 6 Average Unit Size (‘000m2) 10.681 Average Unit Size (‘000m2) 10.141 Average Unit Size (‘000m2) 1.492 Office Content (%) 10 Office Content (%) 19 Office Content (%) 5 Car Parking Spaces - Car Parking Spaces - Car Parking Spaces - Acquisition Date Jan-2007 Acquisition Date Jan-2007 Acquisition Date Jan-2007 Acquisition Price plus Additions (€m) 10.5 Acquisition Price plus Additions (€m) 11.2 Acquisition Price plus Additions (€m) 1.3 Book Value (€m) 10.7 Book Value (€m) 10.5 Book Value (€m) 0.9 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (€m) 10.7 Independent Valuation (€m) 10.5 Independent Valuation (€m) 0.9 Market Cap Rate (%) 7.20 Market Cap Rate (%) 6.15 Market Cap Rate (%) 9.40 Average Net Passing Rent (€/m2) 28.09 Average Net Passing Rent (€/m2) 71.42 Average Net Passing Rent (€/m2) 18.10 Average Net Market Rent (€/m2) 42.60 Average Net Market Rent (€/m2) 67.99 Average Net Market Rent (€/m2) 18.00 Initial Yield (%) 5.38 Initial Yield (%) 6.66 Initial Yield (%) 16.01 Discount Rate (%) 7.20 Discount Rate (%) 6.15 Discount Rate (%) 9.40 Major Tenant Schober Grundstucksverwaltungs GmbH Major Tenant deutsche Post Immobilien GmbH Major Tenant Jelenia Plast GmbH Leased By Area (%) 100 Leased By Area (%) 100 Leased By Area (%) 100 Weighted Lease Term by Income (years) 1.4 Weighted Lease Term by Income (years) 8.3 Weighted Lease Term by Income (years) 0.8 Available (%) 0 Available (%) 0 Available (%) 0 Year 2009 (%) 0 Year 2009 (%) 0 Year 2009 (%) 100 Year 2010 (%) 100 Year 2010 (%) 0 Year 2010 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 100 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

94 DEXUS property group PROPERTY SYNOPSIS 2008 Im Gewerbegebiet 18, Friedewald, Niedesheimer Straße 24, Worms, Über der Dingelstelle, Hesse Hesse Langenweddingen, Neidersachsen

The property consists of 3 separate lots, The property consists of a warehouse building This is a warehouse complex of 5 consisting of a warehouse, an outdoor parking with office units in two upper floors. The interconnected storage halls, two main area and a vacant development lot. The building construction is reinforced concrete office areas, and is configured as a grocery warehouse consists of a logistics building framework with a flat roof, partly with brick distribution centre. Construction is reinforced with integrated office facilities. Construction walls. The façade is predominantly rendered. concrete elements, with partly bricked walls is reinforced concrete elements, with partly Warehouse clearance ranges from 9 to 10 and steel sandwich facade. Located in a bricked walls and steel sandwich facade. metres. strategic logistics area directly between Berlin and Hannover.

Details Details Details Metro area Friedewald Metro area Worms Metro area Langenweddingen Building Type Distribution Centre Building Type Distribution Centre Building Type Distribution Centre Title Freehold Title Freehold Title Freehold Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Zoning Gewerbegebiet B1 - (Commercial) Zoning Gewerbegebiet B1 - (Commercial) Zoning Industriegebiet - (industrial) Year Built 1991 Year Built 1984 Year Built 1993 Site Area (ha) 17.1 Site Area (ha) 7.7 Site Area (ha) 24.2 Lettable Area (‘000m2) 15.500 Lettable Area (‘000m2) 11.800 Lettable Area (‘000m2) 26.300 Site Coverage (%) 22 Site Coverage (%) 38 Site Coverage (%) 27 Number of Buildings 1 Number of Buildings 1 Number of Buildings 1 Number of Units 6 Number of Units 1 Number of Units 5 Average Unit Size (‘000m2) 2.590 Average Unit Size (‘000m2) 11.766 Average Unit Size (‘000m2) 5.251 Office Content (%) 8 Office Content (%) 21 Office Content (%) 6 Car Parking Spaces 40 Car Parking Spaces - Car Parking Spaces - Acquisition Date Jan-2007 Acquisition Date Jan-2007 Acquisition Date Jan-2007 Acquisition Price plus Additions (€m) 5.4 Acquisition Price plus Additions (€m) 4.2 Acquisition Price plus Additions (€m) 7.6 Book Value (€m) 4.0 Book Value (€m) 4.0 Book Value (€m) 6.5 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (€m) 4.0 Independent Valuation (€m) 4.0 Independent Valuation (€m) 6.5 Market Cap Rate (%) 7.60 Market Cap Rate (%) 7.80 Market Cap Rate (%) 7.30 Average Net Passing Rent (€/m2) 25.65 Average Net Passing Rent (€/m2) 41.89 Average Net Passing Rent (€/m2) 29.99 Average Net Market Rent (€/m2) 29.09 Average Net Market Rent (€/m2) 32.51 Average Net Market Rent (€/m2) 24.28 Initial Yield (%) 4.37 Initial Yield (%) 11.78 Initial Yield (%) 6.53 Discount Rate (%) 7.60 Discount Rate (%) 7.80 Discount Rate (%) 7.30 Major Tenant Schenker Deutschland AG Major Tenant Alfred Talke GmbH & Co.KG Major Tenant PCG GmbH Leased By Area (%) 53 Leased By Area (%) 100 Leased By Area (%) 85 Weighted Lease Term by Income (years) 0.3 Weighted Lease Term by Income (years) 1.5 Weighted Lease Term by Income (years) 2.6 Available (%) 47 Available (%) 0 Available (%) 15 Year 2009 (%) 53 Year 2009 (%) 0 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 100 Year 2010 (%) 33 Year 2011 (%) 0 Year 2011 (%) 0 Year 2011 (%) 31 Year 2012 (%) 0 Year 2012 (%) 0 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 20 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 95 Industrial Portfolio – Europe (continued)

Liverpooler Straße, Kopenhagener Theodorstraße, Düsseldorf, Carl-Leverkus-Straße 3-5, Straße, Osloer Straße, Nordrhein Westfalen Winkelsweg 182-184, Langenfeld, Friemersheim, Duisburg, Nordrhein Westfalen Nordrhein Westfalen

A recently completed state-of-the-art The warehouse complex consisting of a The complex consists of a 3 buildings, a three- warehouse with office and workshop/paint warehouse with ancilliary office space divisible storey office building, a warehouse and an shop facilities. Internal clearance is 10 into 4 units, is reinforced concrete frame, additional warehouse with office/administration metres. The property is situated in a popular partly with brick walls and profiled metal use. The site is located in the commercial established logistics site with immediate access cladding facade. Warehouse clearance is 10 area of Langenfeld, with good access from to the harbour of Duisberg (Germany’s biggest metres. Location offers good infrastructure with motorway via B229 and exellent visibility from inland harbour). excellent access to A44 motorway and airport, main road. within one of Germany’s strongest economies.

Details Details Details Metro area Duisburg Metro area Düsseldorf Metro area Langenfeld Building Type Distribution Centre Building Type Distribution Centre Building Type Distribution Centre Title Freehold Title Freehold Title Freehold Ownership (%) 100 Ownership (%) 100 Ownership (%) 100 Zoning Gewerbegebiet B1 - (Commercial) Zoning Gewerbegebiet - (Commercial) Zoning Industriegebiet - (industrial) Year Built 2006 Year Built 2007 Year Built 1962 Site Area (ha) 12.2 Site Area (ha) 7.1 Site Area (ha) 9.0 Lettable Area (‘000m2) 27.100 Lettable Area (‘000m2) 13.800 Lettable Area (‘000m2) 25.400 Site Coverage (%) 55 Site Coverage (%) 48 Site Coverage (%) 70 Number of Buildings 1 Number of Buildings 1 Number of Buildings 3 Number of Units 1 Number of Units 4 Number of Units 4 Average Unit Size (‘000m2) 27.072 Average Unit Size (‘000m2) 3.445 Average Unit Size (‘000m2) 6.359 Office Content (%) 7 Office Content (%) 17 Office Content (%) 25 Car Parking Spaces 87 Car Parking Spaces 65 Car Parking Spaces - Acquisition Date Jan-2007 Acquisition Date Jun-2007 Acquisition Date Jan-2007 Acquisition Price plus Additions (€m) 20.7 Acquisition Price plus Additions (€m) 17.1 Acquisition Price plus Additions (€m) 10.5 Book Value (€m) 20.2 Book Value (€m) 15.6 Book Value (€m) 9.2 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (€m) 20.2 Independent Valuation (€m) 15.6 Independent Valuation (€m) 9.2 Market Cap Rate (%) 6.00 Market Cap Rate (%) 6.30 Market Cap Rate (%) 7.90 Average Net Passing Rent (€/m2) 49.33 Average Net Passing Rent (€/m2) 76.01 Average Net Passing Rent (€/m2) 40.80 Average Net Market Rent (€/m2) 48.56 Average Net Market Rent (€/m2) 76.73 Average Net Market Rent (€/m2) 36.32 Initial Yield (%) 6.16 Initial Yield (%) 7.02 Initial Yield (%) 4.65 Discount Rate (%) 6.00 Discount Rate (%) 6.30 Discount Rate (%) 7.90 Major Tenant Industriereifenkontor Lüdtke Major Tenant Compass Security Logistik Major Tenant Enthone GmbH Leased By Area (%) 100 Leased By Area (%) 100 Leased By Area (%) 54 Weighted Lease Term by Income (years) 3.3 Weighted Lease Term by Income (years) 5.2 Weighted Lease Term by Income (years) 5.8 Available (%) 0 Available (%) 0 Available (%) 46 Year 2009 (%) 0 Year 2009 (%) 0 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2012 (%) 100 Year 2012 (%) 100 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2014 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2017 (%) 54 Year 2018+ (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

96 DEXUS property group PROPERTY SYNOPSIS 2008 Schneiderstraße 82, Langenfeld, Former Straße 6, Unna, Nordrhein Nordrhein Westfalen Westfalen

The complex consists of a warehouse/ The property is a modern office/warehouse office complex erected in 3 phases. The facility with expansion potential. It has a main 4-storey warehouse is constructed of reinforced concrete frame partly with brick reinforced concrete frame, partly with brick wallsand the façade consists of profiled metal walls with washed concrete facade. The site cladding with thermal insulation. Internal is located with immediate access to the A3 clearace is between 6.7m and 10m. Excellent motorway (Netherlands to Austria) within 3km. logistics infrastructure due to location at the junction of the A1 and A2 motorways.

Details Details Metro area Langenfeld Metro area Unna Building Type Distribution Centre Building Type Distribution Centre Title Freehold Title Freehold Ownership (%) 100 Ownership (%) 100 Zoning Industriegebiet - (industrial) Zoning Gewerbegebiet B1 - (Commercial) Year Built 1983 Year Built 1990 Site Area (ha) 7.0 Site Area (ha) 17.6 Lettable Area (‘000m2) 11.100 Lettable Area (‘000m2) 27.400 Site Coverage (%) 39 Site Coverage (%) 39 Number of Buildings 1 Number of Buildings 1 Number of Units 3 Number of Units 1 Average Unit Size (‘000m2) 3.713 Average Unit Size (‘000m2) 27.444 Office Content (%) 14 Office Content (%) 6 Car Parking Spaces - Car Parking Spaces - Acquisition Date Jan-2007 Acquisition Date Jan-2007 Acquisition Price plus Additions (€m) 6.0 Acquisition Price plus Additions (€m) 17.5 Book Value (€m) 5.4 Book Value (€m) 16.6 Independent Valuation Date Jun-2008 Independent Valuation Date Jun-2008 Independent Valuation (€m) 5.4 Independent Valuation (€m) 16.6 Market Cap Rate (%) 7.90 Market Cap Rate (%) 6.90 Average Net Passing Rent (€/m2) 41.30 Average Net Passing Rent (€/m2) 39.66 Average Net Market Rent (€/m2) 48.90 Average Net Market Rent (€/m2) 45.01 Initial Yield (%) 6.58 Initial Yield (%) 5.29 Discount Rate (%) 7.90 Discount Rate (%) 6.90 Major Tenant thiel Fashion Lifestyle GmbH Major Tenant karstadt Vermietungsgesellschaft mbH Leased By Area (%) 100 Leased By Area (%) 100 Weighted Lease Term by Income (years) 3.5 Weighted Lease Term by Income (years) 5.5 Available (%) 0 Available (%) 0 Year 2009 (%) 0 Year 2009 (%) 0 Year 2010 (%) 0 Year 2010 (%) 0 Year 2011 (%) 0 Year 2011 (%) 0 Year 2012 (%) 100 Year 2012 (%) 0 Year 2013 (%) 0 Year 2013 (%) 0 Year 2014 (%) 0 Year 2014 (%) 100 Year 2015 (%) 0 Year 2015 (%) 0 Year 2016 (%) 0 Year 2016 (%) 0 Year 2017 (%) 0 Year 2017 (%) 0 Year 2018+ (%) 0 Year 2018+ (%) 0

DEXUS property group PROPERTY SYNOPSIS 2008 97 RETAIL PORTFOLIO AUSTRALIA

Westfield Whitford City Shopping Centre, Hillarys

98 DEXUS property group PROPERTY SYNOPSIS 2008 WestfieldW hitford City Shopping Centre, Whitford Avenue & Lot 6 Endeavour Road, Hillarys, WA

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.

Details Metro area North West Perth Building Type Regional - shopping centre/ Bulky Goods Ownership 50 Co-Owner Westfield Year Built 1978 Site Area (ha) 23.5 Lettable Area (‘000m2) 79.900 Car Parking Spaces 4,165 Acquisition Date Oct-1984 Acquisition Price plus Additions (A$m) 136.0 Book Value (A$m) 280.0 Independent Valuation Date Jun-2007 Independent Valuation (A$m) 277.0 Market Cap Rate (%) 5.75 Initial Yield (%) 5.81 Discount Rate (%) 8.50 Moving Annual Turnover (GST incl.) (A$) 468.1 Occupancy Costs (%) 8.30 Speciality Occupancy Costs (%) 13.1 Major Tenant woolworths Ltd (Woolworths/Big W) Leased By Area (%) 99 Weighted Lease Term by Income (years) 4.5 Available (%) 0 Year 2009 (%) 25 Year 2010 (%) 12 Year 2011 (%) 19 Year 2012 (%) 9 Year 2013 (%) 12 Year 2014 (%) 6 Year 2015 (%) 1 Year 2016 (%) 3 Year 2017 (%) 0 Year 2018+ (%) 14

DEXUS property group PROPERTY SYNOPSIS 2008 99 INDEX

Australian Office ...... 22 15–23 Whicker Road, Gillman, SA...... 44 Garema Court, 140-180 City Walk, Canberra, ACT...... 23 Target Distribution Centre, Tarras Road, Altona North, VIC...... 45 14 Moore Street, Canberra, ACT...... 23 114 Fairbank Road, Clayton, VIC...... 45 The Zenith, 821 Pacific Highway, Chatswood, NSW...... 23 Pound Road West, Dandenong, VIC...... 45 11 Talavera Road, Macquarie Park, NSW...... 24 Redwood Gardens Industrial Estate, Boundary Road, Dingley, VIC...... 46 40–50 Talavera Road, Macquarie Park, NSW...... 24 352 Macaulay Road, Kensington, VIC,...... 46 144 Wicks Road, North Ryde NSW...... 24 Knoxfield Industrial Estate, Henderson Road, Knoxfield, VIC...... 46 Victoria Cross, 60 Miller Street, North Sydney, NSW...... 25 250 Forest Road South, Lara, VIC...... 47 130 George Street & 105 Phillip Street, Parramatta, NSW...... 25 DEXUS Industrial Estate, Boundary Road, 1 Bligh Street, Sydney, NSW...... 25 Laverton North (including 440 Doherty’s Road), VIC...... 47 45 Clarence Street, Sydney, NSW...... 26 12–18 Distribution Drive, Laverton North, VIC...... 47 201–217 Elizabeth Street, Sydney, NSW...... 26 Axxess Corporate Park, Cnr Ferntree Gully & Gilby Roads, Mount Waverley, VIC...... 48 Governor Phillip & Macquarie Tower Complex, 1 Farrer Place, Sydney, NSW...... 26 68 Hasler Road, Herdsman, WA...... 48 Australia Square Complex, 264–278 George Street, Sydney, NSW...... 27 343 George Street, Sydney, NSW...... 27 North American Industrial ...... 49 844 44th Avenue, Phoenix, Arizona...... 50 30 The Bond, 30–34 Hickson Road, Sydney, NSW...... 27 3802-3922 East University Drive, Phoenix, Arizona...... 50 309–321 Kent Street, Sydney, NSW...... 28 431 North 47th Avenue, Phoenix, Arizona...... 50 383–395 Kent Street, Sydney, NSW...... 28 220 South 9th Street, Phoenix, Arizona...... 51 One Margaret Street, Sydney, NSW...... 28 1429-1439 South 40th Avenue, Phoenix, Arizona...... 51 44 Market Street, Sydney, NSW...... 29 105-107 South 41st Avenue, Phoenix, Arizona...... 51 123 Albert Street, Brisbane, QLD...... 29 Flinders Gate Complex, 172 Flinders Street 601 South 55th Avenue, Phoenix, Arizona...... 52 and 189 Flinders Lane, Melbourne, VIC...... 29 1000 South Priest Drive, Phoenix, Arizona...... 52 8 Nicholson Street, Melbourne, VIC...... 30 1858 East Encanto Drive, Tempe, Arizona...... 52 Southgate Complex, 3 Southgate Avenue, Southbank, VIC...... 30 1120-1150 West Alameda Drive, Tempe, Arizona...... 53 Woodside Plaza, 240 St Georges Terrace, Perth, WA...... 30 10397 West Van Buren Street, Tolleson, Arizona...... 53 New Zealand Office ...... 31 4190 East Santa Ana Street, Bloomington, California...... 53 Lumley Centre, 88 Shortland Street, Auckland, NZ...... 31 14555 Alondra Boulevard, La Mirada & 6530 Altura Boulevard, Buena Park, California...... 54 5823 Newton Drive, Carlsbad, California...... 54 Australian Car Parks ...... 32 13602 12th Street, Chino, California...... 54 383–395 Kent Street, Sydney, NSW...... 33 14489 Industry Circle, La Mirada, California...... 55 32–44 Flinders Street, Melbourne, VIC...... 33 3550 Tyburn Street & 3332 3424 ...... Flinders Gate Complex, 172 Flinders Street, Melbourne, VIC...... 33 N.San Fernando Road, Los Angeles, California...... 55 34–60 Little Collins Street, Melbourne, VIC...... 34 3590 De Forest Circle, Mira Loma, California ...... 55 1450 E Francis Street, 4200 E Santa Ana Street, Australian Industrial ...... 35 1951 S Parco Street, 1401 E Cedar Street, 52 Holbeche Road, Arndell Park, NSW...... 36 1777 Vintage Avenue, Ontario, California...... 56 79–97 St Hilliers Road, Auburn, NSW...... 36 3691 North Perris Boulevard, Perris, California...... 56 3 Brookhollow Avenue, Baulkham Hills, NSW...... 36 12000 Jersey Court, Rancho Cucamonga, California...... 56 1 Garigal Road, Belrose, NSW...... 37 11653 6th Street, Santa Anita Avenue, 2 Minna Close, Belrose, NSW...... 37 9357 Richmond Place, & 9371 Buffalo Avenue, Rancho Cucamonga, California...... 57 3–7 Bessemer Street, Blacktown, NSW...... 37 7510-7520 Airway Road, San Diego, California...... 57 30–32 Bessemer Street, Blacktown, NSW...... 38 Summit Oaks, Vanderbilt Way, Santa Clarita, California...... 57 114–120 Old Pittwater Road, Brookvale, NSW...... 38 9210 San Fernando Road, Sun Valley, California...... 58 2 Alspec Place, Eastern Creek, NSW...... 38 2210 Oak Ridge Way, Vista, California...... 58 145–151 Arthur Street, Flemington, NSW...... 39 7500 Exchange Drive, Orlando, Florida...... 58 436–484 Victoria Road, Gladesville, NSW...... 39 Orlando Central Park, 7600 Kingspointe Parkway, 1 Foundation Place, Greystanes, NSW...... 39 8259 Exchange Drive, 7451-7488 Brokerage Drive, SEL, Greystanes Estate, Greystanes, NSW...... 40 2900-2901 Titan Row, Orlando, Florida...... 59 27–29 Liberty Road, Huntingwood, NSW...... 40 13201 South Orange Avenue, Orlando, Florida...... 59 Kings Park Industrial Estate, Vardys Road, Marayong, NSW...... 40 Turnpike Distribution Centre, 1580 NW 27th Avenue, Pompano Beach, Florida...... 59 154 O’Riordan Street, Mascot, NSW...... 41 Northpoint Business Park, 300-1400 Northpoint Parkway, 5–15 Rosebery Avenue, Rosebery, NSW...... 41 West Palm Beach, Florida...... 60 25–55 Rothschild Avenue, Rosebery, NSW...... 41 3765 Atlanta Industrial Drive NW, Atlanta, Georgia...... 60 10–16 South Street, Rydalmere, NSW...... 42 1000-1200 Williams Street NW, Atlanta, Georgia...... 60 DEXUS Industrial Estate, Egerton Street, Silverwater, NSW...... 42 300 Townpark Drive, Kennesaw, Georgia...... 61 19 Chifley Street, Smithfield, NSW...... 42 7100 Highlands Parkway SE, Smyrna, Georgia...... 61 239–251 Woodpark Road, Smithfield, NSW...... 43 5111-5151 Royal Atlanta Drive, Tucker, Georgia...... 61 12 Frederick Street, St Leonards, NSW, ...... 43 850 E Devon Avenue, 1260 N Ellis Street, 40 Biloela Street, Villawood, NSW...... 43 371 Meyer Road, Bensenville, Ilinois...... 62 30 Bellrick Street, Acacia Ridge, QLD...... 44 1825 Airport Exchange Boulevard, Erlanger, Kentucky...... 62 25 Donkin Street, West End, QLD...... 44 3368-3372 Turfway Road, Erlanger, Kentucky...... 62

100 DEXUS property group PROPERTY SYNOPSIS 2008 North American Industrial (continued) 885 East Collins Boulevard, Richardson, Texas...... 80 7453 Empire Drive, Florence, Kentucky...... 63 Cornerstone Building, 5411 I-10 East 7930 & 7940 Kentucky Drive, Florence, Kentucky...... 63 & 1228 Cornerway Boulevard, San Antonio, Texas...... 81 5-11 Spiral Drive, Florence, Kentucky...... 63 302-402 N Tayman Road, San Antonio, Texas...... 81 1910 International Way, Hebron, Kentucky...... 64 202 S Tayman Road, San Antonio, Texas...... 81 Fort Holabird Industrial, 1811 & 1831 Portal Street, 1803 Grandstand Drive, San Antonio, Texas...... 82 & 6615 Tributary Street, Baltimore, Maryland...... 64 8151-8161 Interchange Parkway, San Antonio, Texas...... 82 9112 Guilford Road, Columbia, , Maryland...... 64 8171 Interchange Parkway, San Antonio, Texas...... 82 8350 & 8351 Bristol Court, Jessup, Maryland...... 65 8181 Interchange Parkway, San Antonio, Texas...... 83 MD Wholesale Food Market, 7951 Ocean Avenue 8191 Interchange Parkway, San Antonio, Texas...... 83 & 7970 Tarbay Drive, Jessup, Maryland...... 65 Interchange North 1, 3003, 8306 Patuxent Range Road & 8332 Bristol Court, Jessup , Maryland...... 65 3005 NE I-410 Loop, San Antonio, Texas...... 83 8155 Stayton Drive, Jessup, Maryland...... 66 Tri-County 2, Tri-County Parkway, Schertz, Texas...... 84 1015 & 1025 West Nursery Road, Linthicum Heights, Maryland...... 66 Tri-County 5, Tri-County Parkway, Schertz, Texas...... 84 Cabot Techs, 989-991 Corporate Boulevard, Tri-County 6, Tri-County Parkway, Schertz, Texas...... 84 Linthicum Heights , Maryland...... 66 850 North Lake Drive, Weatherford, Texas...... 85 NE Baltimore, 21 & 23 Fontana Lane, Rosedale, Maryland...... 67 10 Kenwood Circle, Franklin, Massachusetts...... 67 300 & 405-444 Swann Avenue, 2402-2520 Oakville Street & 2412-2610 Jefferson Davis Highway, Alexandria , Virginia...... 85 Braemar Ridge, 7500 West 78th Street, Bloomington, Minnesota...... 67 326-446 Calvert Avenue Brooklyn Park Interstate Center, 7700 68th Avenue, & 401-403 Murry’s Avenue, Alexandria, Virginia...... 85 Brooklyn Park, Minnesota...... 68 Beaumeade Telecom, 21561-21571 Eagandale Business Campus, Beaumeade Circle, Ashburn, Virginia...... 86 1285 & 1301 Corporate Centre Drive 1230 & 1270 Eagan Industrial Road, Eagan, Minnesota...... 68 Beaumeade, Ashburn, Virginia...... 86 7401 Cahill Road, Minneapolis, Minnesota...... 68 44633-44645 Guilford Road & 21641 Beaumeade Circle, Ashburn, Virginia...... 86 6105 Trenton Lane North, Minneapolis, Minnesota...... 69 CTC at Dulles, 13555 EDS Drive, Herndon, Virginia...... 87 8575 Monticello Lane, Osseo, Minnesota...... 69 45901-45905 Nokes Boulevard, Sterling, Virginia...... 87 2950 Lexington Avenue South, St Paul, Minnesota...... 69 Atlantic Corporate Park, Sterling Virginia...... 87 2222-2298 Wooddale Drive, St Paul, Minnesota...... 70 Kent West Corporate Park, 21902 64th Avenue S, Kent, Washington...... 88 9900 Brookford Street, Charlotte, North Carolina...... 70 Riverbend Commerce Park, 8005 South 266th Street, Kent, Washington.88 Commerce Park, 11517 Cordage Street & 10900 S Commerce Boulevard, Charlotte, North Carolina...... 70 Riverbend Commerce Park, 3520-3600 Westinghouse Boulevard, Charlotte, North Carolina...... 71 26507 79th Avenue South, Seattle, Washington...... 88 World Park, 9756 & 9842 International Boulevard, Cincinnati, Ohio...... 71 8574 Boston Church Road Milton, Ontario...... 89 10013-11093 Kenwood Road, Cincinnati, Ohio...... 71 4560 & 4570 Lake Forest Drive, Cincinnati, Ohio...... 72 European Industrial ...... 90 4343 & 4401 Equity Drive, 1614-1634 & 1999 Westbelt Drive & French Industrial ...... 91 1901-1919 Dividend Drive, Columbus, Ohio...... 72 21 rue du Chemin Blanc, 91160 Champlan, Paris...... 91 2700 International Street, Columbus, Ohio...... 72 Zone industrielle Epône II, 78680 Epône, Paris...... 91 SE Columbus, 2550 John Glenn Avenue Servon 1, Route Nationale 19 L’Orme Rond, 77170 Servon, Paris...... 91 & 2626 Port Road, Columbus, Ohio...... 73 Servon 2, Route Nationale 19 L’Orme Rond, 77170 Servon, Paris...... 92 3800 Twin Creeks Drive, Columbus, Ohio...... 73 32 avenue de l’Océanie, 91140 Villejust, Paris...... 92 124 Commerce Drive, Boulevard, Loveland, Ohio...... 73 Mechanicsburg, 5045 Ritter Road 19 rue de Bretagne, 38070 Saint Quentin Fallavier, Lyon...... 92 & 201 Cumberland Parkway, Harrisburg, Pennsylvania...... 74 German Industrial ...... 93 6350 & 6360 Brackbill Boulevard, Mechanicsburg, Pennsylvania...... 74 Im Holderbusch 3, Sulmstraße, Ellhofen, Baden – Wurttemberg...... 93 181 Fulling Mill Road, Middletown, Pennsylvania...... 74 Schillerstraße 42, 42a, Bahnhofstraße 44, 50, Memphis Industrial, 3965 Pilot Drive, Memphis, Tennessee...... 75 Ellhofen, Baden – Wurttemberg...... 93 912 113th Street & 2300 East Randoll Mill Road, Arlington, Texas...... 75 Schillerstraße 51, Ellhofen, Baden – Wurttemberg...... 93 1413 Bradley Lane, Carrollton, Texas...... 75 Im Steinbruch 4, 6, Knetzgau, Bayern...... 94 455 Airline Drive, Coppell, Texas...... 76 Bremer Ring & Hansestraße, Wustermark, Berlin, Brandenburg...... 94 555 Airline Drive, Coppell, Texas...... 76 Nordstraße 1, Löbau, Brandenburg...... 94 1900 Diplomat Drive, Dallas, Texas...... 76 Im Gewerbegebiet 18, Friedewald, Hesse...... 95 2055 Diplomat Drive, Dallas, Texas...... 77 Niedesheimer Straße 24, Worms, Hesse...... 95 11411, 11460-11480 & 11550-11560 Über der Dingelstelle, Langenweddingen, Neidersachsen...... 95 Hillguard Road, Dallas, Texas...... 77 Liverpooler Straße, Kopenhagener Straße, Osloer Straße, CTC at Valwood, 13755 Hutton Drive, Dallas, Texas...... 77 Friemersheim, Duisburg, Nordrhein Westfalen...... 96 11011 Regency Crest Drive, Garland, Texas...... 78 Theodorstraße, Düsseldorf, Nordrhein Westfalen...... 96 Garland Jupiter, Garland Texas...... 78 Carl Leverkus Straße 3 5, Winkelsweg 182 184, Plano Parkway, Plano Texas...... 78 Langenfeld, Nordrhein Westfalen...... 96 1800-1808 10th Street, Plano, Texas...... 79 Schneiderstraße 82, Langenfeld, Nordrhein Westfalen...... 97 820-860 F Avenue, Plano, Texas...... 79 Former Straße 6, Unna, Nordrhein Westfalen...... 97 1600-1700 Capital Avenue, Plano, Texas...... 79 3601 East Plano Parkway & 1000 Shiloh Road, Plano, Texas...... 80 Australian Retail ...... 98 2701, 2801, 2805 East Plano Parkway Westfield Whitford City Shopping Centre, Whitford Avenue & & 2700 Summit Avenue, Plano, Texas...... 80 Lot 6 Endeavour Road, Hillarys WA...... 99

DEXUS property group PROPERTY SYNOPSIS 2008 101 DIRECTORY

DEXUS Diversified Trust INVESTOR ENQUIRIES ARSN 089 324 541 InfoLine: 1800 819 675 DEXUS Industrial Trust Phone: +61 2 8280 7126 ARSN 090 879 137 Email: [email protected] DEXUS Office Trust ARSN 090 768 531 Website: www.dexus.com

DEXUS Operations Trust SECURITY REGISTRY ARSN 110 521 223 Link Market Services Limited RESPONSIBLE ENTITY Level 12, 680 George Street Sydney NSW 2000 DEXUS Funds Management Limited ABN 24 060 920 783 Locked Bag A14 Sydney South NSW 1235 REGISTERED OFFICE OF Phone: +61 2 8280 7126 RESPONSIBLE ENTITY Freecall: 1800 819 675 Level 9, 343 George Street Fax: +61 2 9287 0303 Sydney NSW 2000 Email: [email protected] PO Box R1822 Website: www.linkmarketservices.com.au Royal Exchange NSW 1225 Phone: +61 2 9017 1100 Fax: +61 2 9017 1101 For inquiries regarding your holding you can either contact the Security Registry, or access your holding details via the web at www.dexus.com and follow the Investor log-in links to the security registry page. Listed on the Australian Stock Exchange ASX Code: DXS InfoLine 1800 819 675 Monday to Friday between 8.30am and 5.30pm (Sydney time).

102 DEXUS property group PROPERTY SYNOPSIS 2008 www.dexus.com