Carindale Property Trust is engaged in the ownership of a shopping center in Australia. The principal activity of the Trust is the long term ownership of approximately 50% interest in the Westfield Carindale shopping center, which is located in the suburb of Carindale, east of Brisbane. The Trust's investment properties include a shopping center investment and development projects. Its shopping center investment consists of freehold and leasehold land, buildings and leasehold improvements. The Westfield Carindale is a Brisbane's regional shopping center covering an area of approximately 115,000 square meters. The Trust's Westfield Carindale has approximately two department stores, approximately two discount department stores, approximately three super markets, an eight-screen cinema complex and over 400 specialty retailers. The Trust is managed by Scentre Management Limited, which is a member of the Scentre Group.