Continues to Invest and Strengthen Portfolio

Quadrant continues to seek attractive investment opportunities and has successfully completed three new investments during the past nine months.

Since raising the $500m QPE No.2 fund in April 2007, Quadrant has invested approximately $300m of equity across four investments with a further $200m available for new opportunities.

We have also recently launched our new website which can be viewed at www.quadrantpe.com.au 
    

Invests in Summerset Retirement Villages

In April 2009, Quadrant acquired a 50% equity interest in Summerset Retirement Villages from AMP Capital Investors. Summerset is one of New Zealand’s leading operators of retirement villages and providers of aged care services.

Comprising ten operating villages and two villages under development, Quadrant’s investment in Summerset provides exposure to one of New Zealand’s leading retirement village operators and an industry experiencing rapid growth.

Quadrant and AMP Capital Investors have committed to contribute additional capital to help finance Summerset’s next stage of growth, with plans to expand its footprint throughout the North Island of New Zealand via new developments and selective acquisitions.

Summerset was founded in 1994 to provide mature New Zealanders with a high quality lifestyle in a safe, secure and enjoyable environment at an affordable cost. Summerset currently provides village lifestyle options and care facilities to more than 1450 people.

Please refer to www.summerset.co.nz for further information.
    

Acquires Melbourne IVF

In November 2008, Quadrant investee, IVF Australia acquired Melbourne IVF, a leading Victorian based fertility care business, doubling the size of the group.  Melbourne IVF presented a synergistic acquisition opportunity with a group of like minded doctors that provided the Group with geographic diversification, critical mass and strong organic growth potential. The doctors and management reinvested in the combined IVF Holdings group. The combined group has approximately 30% market share and is the largest IVF group nationally.

IVF Holdings continues to realise integration benefits from the acquisition and expand organically as well as through selective opportunities. Please refer to www.ivfa.com.au and www.mivf.com.au for further information.
       

Acquires Lasseters Hotel Group

In September 2008, Quadrant investee, Independent Pub Group, acquired the Lasseters Hotel Group’s nine freehold and leasehold hotel portfolio. The hotels acquired are large format gaming & hospitality hotels. The acquisition brings IPG’s hotel portfolio to 21 hotels located in South Australia, Queensland and New South Wales.

IPG is seeking to acquire further hotels and to participate in the consolidation of the hotel sector.