MIRVAC GROUP — Capital/Financing Update 2007

Dec 2, 2007

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3 December 2007

SALE OF 127 CREEK STREET, BRISBANE

Mirvac Group advises it has exchanged and settled contracts with GE Real Estate to sell 127 Creek Street, Brisbane.

Under the Contract of Sale, GE Real Estate will purchase the property for $133 million.

127 Creek Street was purchased in May 1998 and is a B Grade, 26 story commercial tower covering more than 18,408 square metres of net lettable area.

Mr Ben James, Trust Manager, Mirvac Property Trust said, “The sale of 127 Creek Street is in line with our strategy to appropriately refresh our portfolio and seek prudent reinvestment.”

For more information, please contact:

Ben James Trust Manager, Mirvac Property Trust T +61 2 9080 8326

Mirvac is a leading ASX-listed, integrated real estate group with more than $26.3 billion of activities under control across the real estate funds management and development spectrum.

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