Investor Presentaiton

Sales Volumes ($m) 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 CBRE 2006 WHAT HAVE WE SEEN IN COMMERCIAL PROPERTY MARKETS? FOREIGN PURCHASE ACTIVITY HAS INCREASED The key question is whether this represented a shift in the net position or just more globalisation (rising cross border flows in both directions) Commercial Property Transaction Activity - by purchaser origin ■Foreign ■ Domestic 2007 2008 2009 7 2010 2011 2012 2013 2014 2015 YTD Source: CBRE Research CBRE | AUSTRALIAN COMMERCIAL PROPERTY

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