GOODMAN GROUP — Capital/Financing Update 2005

Jul 13, 2005

ASX Release - Macquarie Goodman Group ("Macquarie Goodman")

Macquarie Goodman secures \$113 million Coles Myer facility in Sydney

Date: 14 July 2005 Release: Immediate

Macquarie Goodman Group ("Macquarie Goodman") is pleased to announce it has secured a 20 year pre-commitment from Coles Myer Limited ("CML") to develop its new western Sydney National Distribution Centre.

The CML facility will be developed over 17 hectares of the 150 hectare M7 Business Hub site at Eastern Creek. The property will be acquired by Macquarie Goodman from its joint venture partner, The Austral Brick Company Pty Ltd (a wholly owned subsidiary of Brickworks Ltd).

CML has entered into an agreement for lease for an initial term of 20 years over the 75,230 sqm facility. The facility is forecast to have an end value of \$113 million producing an initial yield of 7.5%. The CML facility will be one of two National Distribution Centres supplying slow moving ambient goods to its supermarkets as part of its food and liquor Supply Chain transformation strategy.

The Minister for Infrastructure and Planning, Mr Craig Knowles, provided planning approval for the CML facility on 30 June 2005. The Minister also adopted a precinct plan for the entire M7 Business Hub as part of the approval.

This is the second substantial pre-commitment Macquarie Goodman has secured from CML in the past two weeks. The first being for a \$125 million facility in Adelaide which CML will lease back from Macquarie Goodman for an initial term of 20 years.

Gregory Goodman, Chief Executive Officer of Macquarie Goodman, said, "Over the past two weeks we have secured more than \$238 million of development projects for CML. We are pleased to secure a long term blue-chip customer such as CML. These transactions are consistent with our investment objective to secure major tenants over long lease terms."

Chief Operating Officer of Macquarie Goodman, David van Aanholt, added, "We continue to see strong demand across our development pipeline. Over the past month we have announced over 195,000 sqm of new development projects secured by excellent precommitments from customers like Coles Myer, Exel and TNT. All of whom are repeat customers. This is a great example of our Customer Service Model at work."

For further information, please contact Macquarie Goodman:

Gregory Goodman Chief Executive Officer +61 2 9230 7400

David van Aanholt Chief Operating Officer +61 2 9230 7400

Macquarie Goodman Group Macquarie Goodman Management Limited ABN 69 000 123 071 Macquarie Goodman Funds Management Limited ABN 48 067 796 641; AFSL Number 223621

Level 10, 60 Castlereagh Street Sydney NSW 2000 GPO Box 4703 Sydney NSW 2001

Telephone +61 2 9230 7400 Facsimile +61 2 9230 7444 info@macquariegoodman.com.au www.macquariegoodman.com