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Macquarie Office Trust

Property portfolio

The Lang Centre, Parramatta, NSW

Description

The Lang Centre is a seven level commercial office building comprising lower ground, ground floor and five upper levels of office accommodation and car parking over four levels. The property is well located within the Parramatta CBD.

The Trust has a 100% interest in the building.

Address 132 Marsden Street, Parramatta
Type Commercial office building
Purchase price $26.3 million (Jul 98)
June 2007 valuation $31.0 million
Title Freehold strata
Net lettable area 8,744 sqm
Occupancy 100%
Car parks 170 spaces
Current net income Approximately $2.8 million pa
Tenant NSW Government (OSR)
Rent review Effective market (fixed)
Building completed 1985
Capital value per
square metre
$3,545
Latest independent valuation Dec 2005 - $27.7 million
FPDSavills (NSW) Pty Ltd

Information correct as at 31 December 2007.


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Macquarie Group Limited
 
  This information has been prepared by Macquarie Office Management Limited ABN 75 006 765 206 (Manager, we, our, us), a wholly owned subsidiary of Macquarie Group Limited ABN 94 122 169 279 (Macquarie Group) and the responsible entity of Macquarie Office Trust (Macquarie Office or Trust) for general information purposes only, without taking into account any potential investors' personal objectives, financial situation or needs. Before investing, you should consider your own objectives, financial situation and needs or you should obtain financial, legal and/or taxation advice.

The Manager does not receive fees in respect of the general financial product advice it may provide, however it will receive fees for operating the Trust which, in accordance with the Trust's constitution, are calculated by reference to the value of the assets and the performance of the Trust. Entities within the Macquarie Group may also receive fees for managing the assets of, and providing resources to the Trust. For more detail on fees, see the Trust's latest annual report. To contact us, call 1300 365 585 (local call cost).

Past performance is not a reliable indicator of future performance. Due care and attention has been exercised in the preparation of any forecast information, however, forecasts, by their very nature, are subject to uncertainty and contingencies, many of which are outside the control of the Manager. Actual results may vary from any forecasts and any variation may be materially positive or negative.

Macquarie Office Management Limited (MOML) is not an authorised deposit-taking institution for the purposes of the Banking Act (Cth) 1959, and MOML's obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). MBL provides a limited $17.5 million guarantee to the Australian Securities and Investments Commission in respect of MOML's Corporations Act obligations as a responsible entity of managed investment schemes. Neither MBL nor any other Macquarie Group entity otherwise provides assurances in respect of the obligations of MOML.