Australia is not immune to the downturn in the global economy and financial markets. During 2008, we anticipated the slow down and ensured high occupancy levels across our portfolio and tenant pre-commitments on our developments.
Our focus is on adding value primarily in the commercial sector, which according to our research, shows long term growth prospects in Australia’s major cities.
As Green Star ratings are considered a benchmark of long-term quality for "A" grade buildings in Australia, our investment in ‘green’ design and construction will continue to preserve and enhance the value of our assets.
As property markets adjust, there will be opportunities for us to extend our portfolio with core investments and replenish our development pipeline.
CURRENT DEVELOPMENT PROJECTS
60 Station Street, Parramatta (25,700 sq m) – A 20-storey A-grade office development with development approval, designed to the Australian excellence in environmental standards and located next to a rail transport hub. This project is with our joint venture partner, Leighton Properties.