Custodian Cunningham Rise Syndicate Limited

SYNDICATE STATISTICS

Prospectus Date
11 September 2009

Offer
For the issue of a minimum of 6,500,000 and a maximum of 8,300,000 shares at $1.00 each

Property
25.16 hectares (approximately 63 acres) situated 21 kilometres from the Brisbane CBD in Goodna, Queensland

Independent Property Valuation
$6,400,000

Assessed Project Gross Realisations
$34,800,000

Forecast
Cash distribution yield of 27.6% and gross distribution yield of 39.4% over the forecast period of 30 months

Rating
Independent three (3) star rating from Adviser Edge

PROJECT

Custodian Cunningham Rise Syndicate Limited contracted to purchase the Property which is situated in the western growth corridor being one of the fastest growing regions in South East Queensland.

Settlement of the purchase of the property was effected on 29 January, 2010.

It is intended that the property be developed into 195 residential allotments, parkland, roadways and other services. The following is a copy of the proposed plan of development.

LOCALITY

Located 21 kilometres West from the Brisbane CBD, the Project is intended to provide a diverse range of new housing opportunities within a rapidly growing part of the greater Ipswich area.

The Property is located in close proximity to a range of services including public transport, retail and recreational spaces as well as a range of employment opportunities.

The locality and the Property itself are well serviced by transport infrastructure, with local roads providing access to the Ipswich Motorway, connecting the Project to the wider Ipswich area and to the Brisbane CBD. Further, both the Redbank train station at Brisbane Terrace and the Goodna train station at Woogaroo Street provide suburban rail services.

In terms of retail facilities both Redbank Plaza and St.Ives Shopping Centre are located within 1 kilometre of the Property.

For more information, see www.cunninghamrise.com.au