eKourier July 2014

PROPERTY

Mittagong to Enjoy a Summer Opening

Mittagong - Christmas opening CIC Builders won the tender to build Stage 1. Site clearing is underway and we expect to be open before Christmas 2014. Warrawong - Stage 1 out to Tender DA is finally approved after some last minute intervention from Council’s Engineer. Stage 1 is now out to tender and we will hopefully have the new centre operating by April 2015. Mt Eden - Ready to start basement fit out Kiwimark has won the tender to complete the fit out of the basement, after some work with the Fire Engineer we are ready to start work onsite. Pymble - Construction underway After three months of hard work the building is completely stripped back to its bare concrete. Total Construction have won the construction tender and we are looking at a November 2014 opening. Maroochydore and Kunda Park - Expansion ideas We have started on our concept designs for expanding both these properties. They will require Council approval and hopefully we can start construction before the year is out. Yeerongpilly - On track for August completion Work is progressing at a great rate with ground floor slab complete, main steel structure complete and roof

approximately 75% complete. Completion is on track for a late August handover. Macquarie Park - THQ fit out underway The self-storage is now open for business. The fit out for THQ is underway and together with the landscaping we are

looking to move in during August. Wellington - Branding complete

The external branding makeover is now complete and initial reconfiguring of some units is complete. With the balance of the rear building we need to add some structural bracing to comply with the earthquake code, then we can start looking

at fitting out the balance of the property. Prospect - New expansion project soon

We are putting the finishing touches on the unit layout and will look at starting a new expansion project in the coming months. Fyshwick - Concept designs underway With the recent purchase of the neighbouring property we have commenced concept designs to join the two properties. For regular updates please follow me on Yammer and Twitter. Michael Macheledt Development & Construction Manager

17 Kennards Kourier July 2014