2003 Media Releases

DB Real Estate has secured a 99-year head lease agreement for SAS Trustee Corporation (“State Super”) with Macquarie University for a development site at Macquarie University Research Park, 1 Innovation Road, North Ryde.

A development application has been lodged with Ryde City Council to build a 10,000 sq metre commercial building on the site. Baulderstone Hornibrook has been contracted to provide the design and construction of the $28 million building. Nortel Networks Australia Pty Limited (“Nortel Networks”) has been secured as the anchor tenant for 6,500 sq metres of the office space.

Mark Turner, Head of Direct Mandates with DB Real Estate said the property was “an ideal fit” for the diversified real estate portfolio of State Super.

“North Ryde has been identified as a target geographic market for State Super as it is such a strong growth area, while business parks had been selected as a sector preference for growth. We believe this is one of the best positioned sites in North Ryde, located within 50 metres of the proposed Chatswood-Parramatta rail link station for Macquarie University and directly opposite Macquarie Shopping Centre and bus interchange,” he said.

The building design, prepared by architect Bligh Voller Neild, represents the next generation of buildings for North Ryde, and will provide a four star SEDA rating for environmental efficiency. The central design feature of the building is an 8.5 metre glass atrium that will maximise the penetration of natural light and create a sense of the outdoors, indoors. The façade is veiled in fine continuous aluminium blades to reduce glare and minimise the need for blinds.

Nortel Networks has taken a 6 year lease on the site, with two four-year options.

Mr Bill Steele, Manager of Macquarie University Research Park, said, “We are very pleased to have Nortel Networks as our newest tenant. The University recognises the benefits of potential collaboration with Nortel and we have worked for over three years to secure them. The addition of Nortel to our Park, together with our existing high technology companies, will ensure that the University has access to leaders in the IT&C field.”

Project completion is anticipated for late 2004.

For further information please contact:

Ainsley Gee/Kristin Silva
Corporate Communications
Tel: (02) 9249 9904 / (02) 9249 9568

About DB Real Estate

DB Real Estate is one of the world’s largest real estate investment managers, with more than 1500 dedicated real estate professionals managing client investments out of fifteen international offices.

Locally, DB Real Estate is one of Australia’s largest real estate fund managers, responsible for real estate assets, investments and securities valued at around $10 billion (as of 31 March 2003). It is one of the country’s largest managers of office and industrial property, as well as a major player in the retail funds management sector, managing 13 shopping centres with a combined value of more than $1 billion.

DB Real Estate’s property operations in Australia encompass three listed property trusts (Deutsche Office Trust, Deutsche Industrial Trust and Deutsche Diversified Trust), as well as management of property syndicates, direct mandates, infrastructure trusts, wholesale property trusts and other retail investment products.