Australand Property Group (Australand) invests in income producing industrial properties within Australia. The Company�s principal activity is investment in income producing commercial and industrial properties within Australia. The Company has a portfolio of approximately 70 properties, including three properties under development. The Company�s operation is organized into residential, commercial and industrial, and investment property divisions. Its Commercial & Industrial Division annually develops approximately 200,000 square meters of commercial and industrial space. The Investment Property portfolio is diversified geographically with the majority of assets located within the major population centers of New South Wales, Queensland and Victoria. In November 2013, Australand Property Group announced that CapitaLand Limited, announced the sale of Australand stapled securities. As a result of the sale, CapitaLand�s interest in Australand will decrease from 59.1% to 39.1%.