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 assets located within the centers of New South Wales, Queensland and Victoria. In June 2014, Australand Property Group announced that BT Investment Management Limited has ceased to be the substantial holder of the Company. In September 2014, Australand Property Group announces close of Frasers takeover offer.