University Avenue Macquarie Park NSW 2113

Property Partnership Australia has been instructed by Cochlear Limited to offer for Lease the Lobby Cafe in their soon to be completed global head office located in University Avenue, Macquarie Park.

The premises are being offered to the market by Expressions of Interest and interested parties are invited to register their interest with Property Partnership Australia by 4pm, Thursday 22 April 2010.

This opportunity offers a number of key advantages over the typical shopping centre or strip cafe, namely :

- The subject premises will be the only food offering in the new development.
- The premises have been designed to maximise the amenity for staff and included in the offering is a west facing outdoor terrace.
- The business will enjoy a captive market to a strong demographic without the necessity to trade on weekends.
- It is envisaged the successful tenderer will on occassions provide corporate catering to Cochlear which will further improve the underlying value of the business.

Given the lobby cafe will be the only food offering within immediate proximity Cochlear fully recognises the importance of the operator to the quality of work life for their employees. To ensure this element is adequately considered our instructions are to identify up to five potential operators who will then be introduced to Cochlear for evaluation and final selection.

Floor Area: A total area of 117.3 sqm with an internal area of 86.6 sqm and external courtyard of 30.7 sqm.

Deliveries: A loading dock is located on the lower ground floor and a goods lift provides access to the ground floor level.

Building Area: Approximately 24,000 sqm.

Building Population: Approximately 1000 persons rising to 1500 persons by 2014.

Tenure: A sub-lease of up to 15 years can be granted to the right operator.

EOI Closing Date: Interested parties are to submit their proposal to Property Partnership Australia by 4pm, Thursday 22 April 2010.