2005 has seen further growth in the Quantum Groups property portfolio which has increased to $239 million in assets under management and/or development. Given the huge weight of money demanding quality properties and the extremely tight yields seen in the commercial property market, it has been a tough year to find new properties that meet the requirements of Quantum investors. We have continued to focus on property development opportunities, which have seen the successful addition of the Eclipse project to the portfolio.

We continue to look for quality properties right across the eastern seaboard of Australia, as well as looking for opportunities overseas. There are numerous articles each week about the number of people moving to Queensland, the low vacancy rates in Brisbane and the demand for property. Quantum identified this opportunity early on and has two key commercial and retail properties in the Brisbane CBD, and is working with agents to secure further commercial properties and a residential development opportunity in the area.

The property management team has worked extremely hard over the last 12 months and this can be seen in the lease expiry profile which now has moved over 70% of the portfolios income to expire in 2010 and later. The main focus for the team over the next 12 months is to lease up the current vacancies and negotiate new leases for any upcoming expiries.
We look forward to providing investors with new property investment opportunities over the coming 12 months and to continue to maximise the value of our current property portfolio.