Charter Hall Office Trust No.2

The Partnership will invest in Charter Hall Wholesale Property Trust (CHWPT), which in turn is acquiring a 50% interest in two Prime CBD office Properties, being 275 George Street, Brisbane Qld and 2-10 Franklin Street, Adelaide SA. Both are Prime CBD office Properties leased to major corporate and Government tenants. The Portfolio is 99% occupied, has 3.5% weighted average annual rent reviews, a 5.3 year weighted average lease expiry and an average building age of just 10.5 years.