Shanghai, 18 August 2005 - Macquarie Global Property Advisors (MGPA) announced that it has appointed property consultants, Savills, to manage one of its major Chinese office investments.

Platinum, formerly known as Xin Mao, is a 20-storey, international class A commercial building with a total gross floor area of 32,253 m² and 142 car parking spaces. Global Fund I, advised by MGPA, has made a forward commitment to purchase the building upon completion, which is expected to be in December 2005.

The building is situated in a prime location in the central business district of Puxi and adjacent to the Xintiandi retail and leisure facility. The property has excellent transport links and offers one of Shanghai's best working, living and recreational environments.

Andrew Wood, Chief Operating Officer, MGPA, and Fund Manager of Global Fund I said: "Appointing Savills to manage this property takes us another step forward in ensuring that we provide a truly A grade property that will continue to attract a high calibre of tenant."

"Savills has an excellent track record in managing one of our assets in Hong Kong and we are certain that they will provide the same excellent service to the occupants of Platinum."

Moonduck Kim, Principal, MGPA, with responsibility for Platinum said, "We are very pleased with the progress being made on this investment. We have already signed lease contracts for in excess of 25% of the building to international tenants and have significant interest expressed from a variety of organisations wishing to lease space in this building."

"Our leasing strategy is to lease to credible first class tenants from among the Fortune 500 multinational corporations. We are only looking at tenants with long term lease requirements who are interested in a premium grade office building under a single ownership, managed by a highly reputable property manager." said Kim.