2003 Media Releases

DB Real Estate today announced the appointment of Greg Lee to the newly created role of Managing Director, Business Development and Strategy. Mr Lee will work closely with Mark Ford, Head of DB Real Estate in Australia, on business development and strategy for the local operation.

Mark Ford explained, “Greg’s appointment is a key plank in DB Real Estate’s Australian growth strategy. His unique combination of financial product development and investment management experience will add tremendous value to our product initiatives. I’m confident that our complementary skills and experience are a winning formula for growing the business in a rapidly changing property environment.”

Mr Lee, who will be based in Sydney, has more than 15 years’ property funds management experience including property acquisitions and development, investment management and the ASX listing and management of several listed property trusts. He worked most recently for Multiplex Investment Limited, where he established a funds management business.

For further information please contact:

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

About DB Real Estate

DB Real Estate is one of Australia's largest real estate fund managers responsible for assets valued at more than A$10 billion. Its local product suite encompasses three listed property trusts, a wholesale property fund, three property syndicates, a listed infrastructure trust and private property portfolios. DB Real Estate currently manages more than 130 properties in Australia and New Zealand, across the commercial, retail, industrial and car parking sectors. Globally DB Real Estate is the world's largest investment adviser of combined real property and real estate equity securities, with more than A$90 billion in assets under management.