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| | | Future Acquisitions | | Desane’s property management team is currently reviewing the number of commercial industrial properties available for sale. The Company will continue to review properties available for sale and where appropriate, it will make a decision to acquire suitable commercial and industrial properties. The medium term objective of Desane is to continue to increase its property portfolio. | | | | Sirius Road, Lane Cove
This 2,700m2 industrial and commercial property is located in the Lane Cove West industrial precinct, within 100 metres of two other properties owned by Desane. The property comprises of 2,240m2 of high clearance warehouse, 460m2 of office and has 38 parking spaces. Desane has entered into a long term lease agreement with a high quality tenant for the entire property, with remedial building work being undertaken to bring the property to occupational standard. Settlement of this property is scheduled to occur on or before January 2011. | | |
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