PROPERTIES AVAILABLE EITHER INDIVIDUALLY OR COLLECTIVELY

Bunnings offers the opportunity to acquire an exceptional long term, diversified cash flow portfolio within New Zealand's bulk retail market. The portfolio offers two substantial holdings in Auckland, as well as properties in Gisborne, Feilding and Nelson, on brand new long term leases.

With structured rental growth and an aggregate net income returning over $4.03m plus GST per annum, these properties present an excellent tenant covenant with long term income security.

Bunnings New Zealand is a wholly owned subsidiary of Wesfarmers, one of Australia's largest listed companies representing total assets of almost $40 billion in 2010, through ownership of multiple high profile brands spanning many industries including Coles, Bunnings, Target, Kmart, Lumley and many others.

SALE DETAILS & FURTHER INFORMATION

The five properties are offered for sale by Private Treaty closing 4pm Thursday 3 November 2011. Offers are to be lodged at the offices of Colliers International, Level 27, 151 Queen Street, Auckland City to the attention of Jason Seymour & John Green.

FOR FURTHER INFORMATION PLEASE CLICK ON THE IMAGES BELOW:

BUNNINGS WAREHOUSE, MT ROSKILL An 11,601m² purpose built store with two levels of car parking in a high profile location bordering State Highway 20. Only four years old, this store is one of the star performers in Bunnings' national network.

BUNNINGS TRADE CENTRE, EAST TAMAKI Set up in 2010 specifically to service the trade market, a key part of the Bunnings business, this property is ideally located in one of Auckland's fastest growing areas, just minutes from Highbrook. The original building was extensively modified and upgraded including the construction of a lage concrete yard area.

BUNNINGS WAREHOUSE, GISBORNE Completed in 2009, Bunnings Warehouse Gisborne is an exceptionally high profile store located right in the heart of Gisborne's CBD, just two blocks away from the main retail area on Gladstone Road.

BUNNINGS, FEILDING Extensively modified and upgraded in 2008, Bunnings Feilding is a large, well located store just one block away from the central retail area.

BUNNINGS WAREHOUSE, NELSON The largest regional store in the portfolio, this purpose built store was opened in 2008. It is situated to the south west of the CBD in Stoke, an established commercial and retail area wee positioned to service both Nelson and Richmond.

CONTACTS

For further information, or a full Information Memorandum on each of these opportunities, please contact the brokers below:

jason seymour +64 21 607 999 jason.seymour@colliers.com

john green +64 21 994 273 john.green@colliers.com