Macquarie Global Property Advisors Fund II closes substantially above target

28 September 2005

Macquarie Global Property Advisors Limited (MGPA), a private equity real estate fund management company, today announced the final closing of its new real estate private equity fund, Macquarie Global Property Fund II (MGP Fund II), having raised approximately US$1.3 billion.

MGP Fund II was substantially oversubscribed and closed well in excess of the initial US$750 million target.

MGP Fund II consists of two funds, MGP Asia Fund II and MGP Europe Fund II, which will be investing in real estate assets in Asia and Europe respectively.

MGP Fund II has commitments from a broad range of international investors including strong demand from corporate and public pension funds looking for exposure to the Asian and European property markets. There was a substantial level of renewed commitments from existing investors in MGPA’s first fund, Global Fund I.

MGPA, Chief Executive Officer, James Quille, said “The strong demand for investing in this fund is indicative of the investors’ appreciation of the depth of knowledge and experience MGPA has in its offices in Asia and Europe and their belief in our ability to capitalise on the opportunities emerging in these regions.”

Through this fund, MGPA will focus on investing in value-added and opportunistic real estate investments in a wide range of sectors including, office, retail, residential, industrial and logistics.

Notes for Editors

Macquarie Global Property Advisors is an entrepreneurial private equity group focused on real estate investment in Asia and Europe.

Through its headquarters in Bermuda and network of offices in Hong Kong, Tokyo, London and Luxembourg, MGPA has managed $3.1 billion in assets in Hong Kong, Korea, Japan, China, France, Portugal, Spain, the United Kingdom, Belgium, Luxembourg, and Germany. Its managed investments include development and re-development projects, joint-venture investments and real estate operating companies in the office, retail, industrial and residential sectors.

MGPA is owned by its senior management team and Macquarie Bank’s Property Investment Banking division.

For further information, please contact:

Robyn Turner
Senior Communications Manager
Macquarie Banking and Property Group
Tel: (612) 8232 6989

Erica Sibree
Investor Relations
Macquarie Bank Limited
Tel: (612) 8232 5008
Mobile: (614) 1302 6309

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