Hudson Property Highlights

The Company is focused on continually developing its property portfolio to achieve its dual objective of capital appreciation and increased revenue. The Company's industrial property is located at Warnervale comprising a 44.5 hectare site along Sparks and Mountain Roads (Hudson Property). The Western section of the site is leased to Bunnings Group Limited (which is 100% owned by Wesfarmers Limited) and to Pre-cast Civil Industrial land and its existing leased premises to enhance shareholder value.

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In addition to our current industrial properties, the Company is looking at opportunities in the commericial/retail and possibly residential sectors of the property market such as the Bowen Hills Properties and the Regent Street Property Development Projects.

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On 16 January 2019, the shareholders of the Company at a general meeting approved the acquisition of the Bowen Hills Queensland properties for $10 million. These properties comprise several commercial offices and warehouses which were constructed circa 1980's, produce gross rentals of approximately $560,000 and are zoned emerging community which offer potential development site in the Brisbane CBD fringe in the medium to long term.

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Further information on our business can be found below: