THE AGE BUILDINGS - MELBOURNE VIC The 15,200sqm site is leased by the Age Newspaper, and earns rental income for the Company and its Joint Venture Partner, Industry Superannuation Property Trust. The partners, recently announced that they had entered into a conditional contract to sell the residential component of the site for $17m. This component of the site represents 20% of the total site, and was put up for sale via a 6 week Expression of Interest campaign following the achievement of a planning permit for two residential towers. Settlement for the sale is expected in April 2010. The proceeds of the sale will be used to reduce the debt on the site. The remaining 12,000sqm of the site, comprising land and buildings opposite the Spencer St Railway Station in the growing western end of Melbourne’s CBD, is expected to be held by the partners. Preliminary Concepts

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