Stockland is an Australia-based company. The Company’s principal activities during the fiscal year ended June 30, 2008 (fiscal 2008), include investment in income producing retail, office, industrial and office park properties; development of retail, office, industrial and office park properties; residential property development; retirement living, development and investment; property trust management, and property management. It operates primarily in mainland Australia, New Zealand and the United Kingdom. Stockland’s business segments comprise: residential (including retirement living); commercial property, and UK. Its other segment comprises the Stockland Capital Partners Division (including responsible entity fees relating to the trust management). In May 2008, Stockland disposed of its business assets in New Zealand and the business activities in New Zealand ceased from this time. On July 7, 2008, it acquired the Rylands living business, a retirement living business.