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7 December 2007

Lend Lease managed Joint Venture to acquire prime Brisbane commercial properties
The Lend Lease managed Australian Prime Property Fund Commercial (“APPF Commercial”) today announced that together with an overseas institutional investor, it has exchanged contracts to acquire Central Plaza 2&3, two landmark buildings located within Brisbane’s prestigious “Golden Triangle” office precinct on a 50:50 basis for A$454.2 million (including income support but excluding acquisition costs).

Both buildings were offered for sale by Queensland Investment Corporation (“QIC”).

Further details are included in the attached media statement.

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