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Commonwealth Property Office Fund's acquistion of site 5_a

07/07/2005

Colonial First State Property Limited, the manager of Commonwealth Property Office Fund (CPA) has announced the fund's acquisition of a 50% interest in a 99 year leasehold for the development at Site 5 Sydney Olympic Park, Homebush.

CPA will enter into a development agreement for the construction of an A-Grade office building with a total net lettable area (NLA) of approximately 23, 267 sqm, underpinned by a substantial pre-lease by Commonwealth Bank of Australia.