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Vol 11. No.121

Landsburys Independent Accreditation Reports

Economic Overview

	Current	+/-	Movement
$AUS/$US	86.40	-0.94
Cash Rate	4.50	Steady
90 Day Bill	4.97	Steady
10 Year Bond	5.140	-0.090
ASX 200	4345.7	-38.8

National Property

East Coast leasing update (AFR Pg.55)

• Westpac Banking Corp has leased space in ING Office Fund’s 151 Clarence Street in Sydney.
• Macquarie Group has taken 4 floors vacated by ASIC at No.1 Martin Place.
• Russell Investments is expected to take the top 3 floors at 135 King Street.
• GPT and Lend Lease have been in negotiations with the Queensland Police Service to lease 14,000m² at the Brisbane Transit Centre in Brisbane.
• GPT has agreed terms with the first 2 major tenants for One One One Eagle Street. They will occupy 13,000m² or 20%.
• Lend Lease is believed to be in talks to secure 1,800m² of space in Stockland’s Waterfront Place.
• Approximately 9,000m² of BP-occupied floors have been relet and 5 of the 6 Telstra floors have been leased to a major insurance company in GPT’s Melbourne Central.
• In Melbourne’s suburbs Jemena has leased 4,400m² at 351 Burwood Highway, Burwood East and Super Concepts has leased 1,200m² at 293 Springvale Road, Glen Waverley.

Colonial places industrial portfolio on the market (AFR Pg.54)

• Colonial First State Global Asset Management has placed a $270 million industrial property portfolio comprising 16 warehouse and distribution facilities, 4 industrial estates and 2 vacant parcels of land with development potential on the market.
• As at June 2009 the assets were 93% occupied and had a weighted average lease expiry of 3.9 years.