Centuria 19 Corporate Drive Brochure

Centuria 19 Corporate Drive Fund 19 Corporate Drive Southgate Corporate Park, Cannon Hill At a glance • Starting distribution of 9.75% p.a. growing to 10.00% p.a. in year 2 • Weighted Average Lease Expiry of 4.84 years • High quality, 4.5 Star NABERS rated building, strategically located in a Queensland growth corridor • Clearly defined exit strategy • Experienced manager with a proven track-record

Centuria Property Funds

Fund Summary

Centuria 19 Corporate Drive Fund

Centuria 19 Corporate Drive Fund (C19CDF) is a single asset, closed-end unlisted property fund.

C19CDF will invest in 19 Corporate Drive, Cannon Hill. The property is 100% leased, with 83% of tenants (by Net Lettable Area) being Government or multi-national groups. It is centrally located within the Southgate Corporate Park precinct, just 6km east of the Brisbane CBD and in close proximity to the Cannon Hill train station.

Building Facts and Features “Excellent location within Southgate Corporate Park, just 6km east of Brisbane CBD”

• Sector: Commercial

• Valuer: Colliers International

• Location: Situated centrally within the Southgate Corporate Park precinct

• NLA: 6,028 sqm • WALE: 4.84 years as at 1 November 2012* (by income)

• Acquisition Price: $23.3 million

• Parking: 152 spaces (1 per 40 sqm ratio)

• Valuation: $24.5 million

*Please read the PDS or further detailed information

Forecast Distributions* “Forecast returns beginning at 9.75% and significantly tax deferred”

Tenants

Year to June Forecast Distribution** Estimated Tax Deferral*** Gross Tax Effective Income Return^

“Counter-cyclical acquisition seeking to provide capital growth in line with the anticipated recovery in the property market”

2014

9.75%*

10.00%

61%

48%

14.91%

14.17%

* Annualised for part year to June 2013. ** Forecast distributions are subject to a number of assumptions that are detailed in the PDS. You should read a copy of the PDS before deciding to invest. *** This is based on Centuria’s current estimate and is to be confirmed. Please refer to the PDS for final figures. ^ Gross tax effective return is the return an Investor would need to earn from a competing income generating investment with no taxation benefits e.g. a bank deposit (as a 46.5% tax payer) to achieve a comparable return. Please note that tax deferrals will decrease an Investor’s cost base for CGT purposes and may result in an increased capital gains tax liability.

The property has a very strong leasing profile, being 100% leased with 83% of tenants being Government or multi-national groups. The tenants are detailed below: % NLA

Expiry Date

Honeywell

42%

30 June 2018

NBN Co.

31%

31 May 2016

Rivercity Motorway

17%

31 December 2018

Canon Australia

10%

29 August 2015

Tenant

Investment Facts

2013*

Investment Type

Single Asset Unlisted Property Fund

Offer Opens

13 August 2012 (subject to change)

Offer Closes

5 October 2012 (subject to change)

Issue Price

$1.00 per unit

Investment Amounts

Minimum investment of $100,000

Investment Term

The initial term of the Fund will be 6 years

Target Equity Raising

We are seeking to raise $15,780,000

Taxation Benefits

The income from the Fund will be significantly tax deferred

Centuria 19 Corporate Drive Fund

Investment Rationale

(a) Strong yield underpinned by multi-national and Government tenants The acquisition price ($23.3 million) represents an initial yield of 10.54% and a rate/sqm of $3,865. The property was previously sold on a yield of 6.8% ($28.6 million) in 2008. The most recent comparable sale in Southgate Corporate Park was completed at a yield of 7.62% in August 2010.

The yield is underpinned by a combination of national, multi-national and Government tenants. The major tenant, Honeywell, is a Fortune 100 company with annual revenue of US $31 billion, placing it among the largest companies in the world.

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(b) Strength in the fundamentals of the Queensland property market Moreton Bay

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(c) Strategic location within a major Queensland growth corridor

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The commercial property market in Queensland has performed strongly over the course of 2011 and early 2012, based on strong demand for space from resources related industries. In addition the QLD market has seen limited supply which has restricted the level of new space available for lease.

The Queensland market has also experienced improved investment activity over the past 12 months, with $1.06 billion of transactions taking place in Q4 2011 and $1.15 billion in Q1 2012. This is the first time since Q3-Q4 2007 in which over $1 billion was transacted in consecutive quarters.

It is anticipated that as investment activity increases, limited supply and forecast rental growth will see a decline in yields and increases in capital value.

19 Corporate Drive is located in the Southgate Corporate Park, which is strategically located 6 kms east of the Brisbane CBD, bordering the Australian Tradecoast Precinct. Other tenants located in Southgate Corporate Park include Westpac, GM Holden, NAB, Q Build, Optus, Orica and National Archives of Australia.

The park is well-serviced by public transport, with the Cannon Hill train station nearby and regular bus services running to and from the CBD and surrounding suburbs.

To Gold Coast

The success of business parks outside CBD locations has been a result of larger users looking to move administrative functions into lower cost accommodation, while providing high-quality amenity and access to employees.

Centuria 19 Corporate Drive Fund Brisbane CBD

Coles Supermarket

19 Corporate Drive

(Honeywell, Canon, NBN, Rivercity)

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Optus

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About Centuria

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East Village mixed use development site

Centuria Property Funds was formed in 1999 with a specific focus on the purchase of high-quality, growth-orientated commercial property assets. Centuria has a “Total Return” philosophy which means there is a commitment to achieving superior returns from a combination of capital growth and quarterly distributions.

Our experienced hands-on approach means that we’re able, with every purchase, to identify investments with a strong mix of income revenue, capital growth potential and tax benefits.

Centuria has over $1 billion of funds under management across 30 unlisted property funds. Centuria Property Funds is a wholly-owned subsidiary of Centuria Capital Limited, an ASX-listed diversified funds manager with $2 billion in funds under management.

For a copy of the Product Disclosure Statement (available from mid August 2012) or to discuss this investment opportunity please contact John Taylor at Centuria Property Funds on (02) 8923 8923, or john.taylor@centuria.com.au.

Disclaimer: This document is issued by Centuria Property Funds Limited (Centuria) ABN 11 086 553 639 AFSL 231149.

Information in this document is accurate as at 18 July 2012. Centuria will act as the responsible entity of Centuria 19 Corporate Drive Fund and will be the issuer of the Product Disclosure Statement (PDS) and units in the Fund. We recommend that before an investment decision is made prospective investors consult their financial or other professional advisor. The information in this document is general information only and does not take into account the objectives, financial situation or particular needs of any person. You should consider whether this information is appropriate for you in light of your objectives, financial situation and needs. Centuria and its associates will receive fees in relation to an investment in the Fund as disclosed in the PDS. This document is not an offer to invest in the Fund. You should obtain and read a copy of the PDS before making a decision to invest. Investment in the Fund is subject to risk including possible delays in payment or loss of income and principal invested. Centuria does not guarantee the performance of the Fund.