PEAK DIVERSIFIED PROPERTY TRUST NO.1

Chairman’s Message

Dear Investor,

We are pleased to present the Peak Diversified Property Trust No. 1 (the Trust) for your consideration.

In a challenging and competitive marketplace, Peak Equities is proud to have secured 3 independent properties as a single investment, offering investors a high degree of income security.

Each of the assets in the portfolio is fully leased, with an average remaining lease term of 12 years. 65% of the total income is payable by the NT Government, whose lease over the Darwin investment extends for a further 12.5 years (plus options).

In our opinion, these income covenants will enable the Trust to benefit from a continuing strengthening of the commercial property market, or to hold the asset through a negative cycle, should such occur.

In addition to their intrinsic quality and attractive lease terms, each of the properties is located in an area of forecast strong population and economic growth.

Diversity in asset classes supported by well-reputed private and Government tenants, increases the security of investors’ income and capital.

The respective leases have staggered expiry dates (between 6 and 15 years) which substantially mitigates any future risk of multiple vacancies in the Trust.

The location of assets (Darwin, Perth and Adelaide), limits downside exposure to any single market and further confers the benefits of single-holding land tax assessments in each case.

The Peak Diversified Property Trust No. 1 will deliver cash distributions to Unitholders at the rate of 8% per annum, payable monthly. At the same time, the Trust will be holding significant cash reserves (greater than $1.8 million) as a buffer against any unforeseen circumstances or capital expenditure requirements.

The total capital raising of approximately $42.5 million, with pre-commitments of $24 million, should enable us to satisfy the expectations of all investors.

We welcome your interest in this Trust and invite you to contact any member of our team if you would like to discuss any aspect of this Information Memorandum.

Tom Borsky

Chairman and Managing Director

Contents

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DARWIN – 68-70 The Esplanade & 6 Knuckey St

Key Attributes

68 - 70 The Esplanade (Old Admiralty House) was built in 2005 in Darwin’s premier location fronting Bicentennial Park and the Darwin Esplanade, with superb panoramic ocean and harbour views. The property being purchased by the Trust comprises 8 strata-titled office floors from ground to level 8, representing 4723 sq. metres of net lettable area. The upper floors of the building are opulent, high end, owner occupier residential apartments.

The office floors were completely refurbished in 2012 prior to the commencement of the current lease to the NT Government.

The adjoining property at 6 Knuckey Street (Heritage House) was constructed in 2013 and similarly comprises multiple levels commercial office space, comprising 2335 sq. metres, all leased to the Northern Territory Government, together with high-end owner occupier apartments.

All office floors, across both buildings were leased to the Northern Territory Government for a period of 15 Years, commencing in July 2016.

Note that the apartment floors are privately owned under separate strata titles, and do not form part of the acquisition by the Trust.

The buildings are connected by two levels of above-ground car parking. Construction is of a high standard, as required under the stringent NT construction code.

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Property Details (cont.)

68-70 The Esplanade & 6 Knuckey St, Darwin

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Location Highlights – Darwin

The Darwin Esplanade is considered to be the city’s premier residential address, positioned in a spectacular waterfront and park-side location. The Esplanade also houses Darwins premier hotels and restaurants. The properties are located a few doors from the Territory Parliament and government offices, adding to the long term appeal of the property to the Government tenant.

The Northern Territory’s increasing role as a major defence training and infrastructure base, its vast shale gas reserves and unique tourist appeal, are emerging as the foundations of the Territory’s economic direction, supported by major financial investment by the Federal and Territory governments.

The major committed infrastructure projects and economic stimuli include:

•$20 billion over 20 years to be spent by the Federal Department of Defence;

•$1.45 billion infrastructure fund to be spent on roads, housing, health and education;

•$200 million to be spent developing new Westin Hotel in Darwin CBD;

•$103 million to be spent on tourism over the next 5 years;

•Fracking moratorium lifted;

•Port upgrades;

•Direct flights from Darwin to China.

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PERTH – 16 Frobisher St, Osborne Park

Key Attributes

Environmental Credentials: 5 Star NABERS Energy Rating, BEEC Certified

Property Details

A modern, high quality freestanding property incorporating 3,760sqm of office accommodation and 86 car bays.

Configured to accommodate three tenancies, with two related tenancies at upper ground level with frontage and access to Frobisher Street, and one tenancy at lower ground level, accessed via Neil Street.

The building was completely refurbished in 2015 at a cost of approximately $2.55 million, finished to an exceptionally high standard and serving as the showpiece headquarters for one of Perth’s major home construction groups. The scope and quality of the recent capital enhancements will limit medium-term capital expenditure requirements and carries significant depreciation benefits.

16 Frobisher Street occupies a prominent 4,150sqm corner site, enhanced by medium to long term development potential, with foreshadowed re-zoning under the Herdsman Glendalough Structure Plan, as a mixed-use development site between 6 and 10 stories.

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