---Australian Properties Investment Services---

11 AM to 8 PM
Thursday 19^th, Feb. - Sunday 22^nd Feb.
Level 1, Emirates Towers Hotel
Sheikh Zayed Road, Dubai (U.A.E.)

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A Message from the CEO
Who will be attending the exhibition

It is with great pleasure that I introduce Lygon Crest to you. Situated at 408 - 432 Lygon Street in the heart of the East Brunswick urban village, this key and imposing island site has been on our development agenda for many years.

The fifth, and possibly last, in a series of very successful cutting edge developments that our company has conducted in the immediate vicinity, Lygon Crest truly is the epitome of class, sophistication and environmental friendliness. Lygon Crest is a statement of our ongoing commitment to excellence and is another way in which to express our motto ' towards a better built country'.

Since founding Bensons Property Group (BPG) in 1993, our philosophy has been to develop unique residential projects in key locations in inner Melbourne which aim to meet our clients' goals. Our past and recent developments continue to reflect our commitment to optimising project functionality and longer term investment potential and growth.

BPG has become one of Melbourne 's leading property development companies and in 2001 and 2003 was consecutively included in the BRW's Fastest Growing 100 small to medium businesses. In 2002 BPG achieved the coveted quality assurance systems and certification and is now a quality endorsed company under ISO 9001.

Strategically positioned in the heart of East Brunswick, one of Melbourne 's premier inner city locations, Lygon Crest provides unparalleled inner city living with an abundance of public transport, shopping, amenities and cafés at your doorstep, and the building itself is to contain a restaurant and/or café. The proximity to Melbourne 's universities, the views of the city skyline and its premium fit-out will provide an edge to ensure consistency in demand for years to come.

It is with pride that we offer our most exclusive development, through which our company is making its most significant statement to date, for your consideration.

Yours faithfully,

Bensons Property Group Pty. Ltd.,

Elias Jreissati MAICD ,

Chairman and Chief Executive Officer

Agent who wish to submit properties should send details to Herald Sun Real estate P.O. Box 14999.
Melbourne City MC, Victoria. 8001

Bensons Property Group is seeking to develop an Australian icon. Lygon St. as part of a strategy to capitalise on the area's national reputation.
Lygon Crest. an apartment development on a prominent island site in the EastBrunswick street, was 70 percent pre-sold within weeks of launch.
It is Benson's fourth development on the street and 10th within a few hundred metres of Carlton's main drag.

"We see Lygon St as being known Australia-wide, and it is part of a very strong growth corridor, " Bensons chief executive Elias Jreissati Says.
"It's an urban village and we want it to have the very best in restaurants, retail and high density housing."
Plans are in place for a new commercial and housing development in the area. The project is expected to start late this year or early 2005.
Jreissati says Lygon Crest, the site of the former Burion hosiery factory, is one of the most desirable the company has developed.

"It's very rare to find such a substantial island site in a sought-after residential and retail area on the city fringe." Jreissati Says.
"This location is on the tram line to the city, close to Melbourne University, the cafes and restaurants of Carition. handy to primary and secondary schools, parks and a glof course."
"Pre-sales of Lygon Crest show that, while apartment development in the CBD may be cooling down, there is still very high demand in city fringe and inner-occupiers."

The frontage to Lygon St will feature a cafe and retail area, and the contemporary.
Original works of Australian art for which Bensons developments are known.
Lygon Crest will boast high-quality fixtures and fittings, including European appliances, stone and timber flooring, granite benchtops, airconditioning, data and internet wiring, closed0circuit television security intercom. Security lift and on-site security parking.
The final stage is priced from $369.900 Construction of Lygon Crest began in December, with completion anticipated in April 2005.
Ph : 9600 9003

Contact Persons
Ken Regan Dubai mobile: +971 50 4270339 Australia mobile: +61 418 923 111.	Bill Adams Dubai mobile: +971 50 3838992. Australia mobile: +61 407 889988.

SUITE 129, LEVEL1, EMARAT ATRIUM BUILDING
(OPPOSITE EMIRATES HOLIDAYS BUILDING) SHEIKH ZAYED RD, DUBAI
T: (9714) 343 2312 F: (9714) 343 4736 E: APIS@ISLANDOZ.COM