Growthpoint’s 65.5% share of GOZ performs consistently well. The size of our investment in Australia has a fair value and provides us with international diversification and exposure to a developed and stable economy that has prospered throughout the global financial crisis. It is a pure Australian investment, located in all Australian states and its capital Canberra, with good proximity to key infrastructure, particularly CBDs, ports, airports and major arterial road networks. The portfolio is a low-risk investment in Australia with most of its rental income coming from some of Australia’s largest and most stable companies.
The existing portfolio continues to strengthen through acquisitions and disposals of non-core asset. GOZ continues to explore the possible divestment of other assets.