Quest Serviced Apartments’ aggressive growth strategy continues to fire at a rapid rate, with the
$30M flagship property Quest at Sydney Olympic Park opening today.

Quest at Sydney Olympic Park is the fourth property that the company has opened since July.
The remainder of 2012/13 will see Quest expand into eight new locations in Australia and New
Zealand, a total of 12 for the financial year.

The new 4.5 star property is Quest’s second largest, boasting 140 studio, one, two and three
bedroom apartments in metro Sydney’s geographic centre.

Paul Constantinou, Chairman Quest Serviced Apartments, says the expansion will cater to the 12
million people who visit the area every year.

“Sydney Olympic Park presents an ideal market opportunity for our business – there are 6,000
events held here every year, including the AFL and NRL, major concerts and the V8 Supercars.

There is also the ever growing sporting community - athletes, trainers, visitors – and a solid business
base,” Mr Constantinou said.

“Flexible accommodation such as Quest’s is scarce and we look forward to catering for the
market we know exists now, and to support it as the area continues to grow into the future,” Mr
Constantinou added.

The Sydney Olympic Park Authority Master Plan predicts the area will be home to a daily
population of 50,000 workers, students and residents and host 25,000 visitors daily by 2030.

“On behalf of the Sydney Olympic Park Authority and the wider Park community, I’m pleased to
welcome Quest to the Park. With the ever growing number of events held in the Park, particularly
business events, Quest’s arrival is well timed to support the growth in both business and leisure
visitors. I wish them every success” Alan Marsh, Sydney Olympic Park Authority CEO said.

Each apartment is fully equipped with kitchen and laundry facilities and the property boasts an
on-site gym and conference room. Guests of Quest at Sydney Olympic Park have access to a
range of services including pantry shopping, breakfast packs, local restaurant chargeback, valet
dry cleaning, baby sitting booking and business administration services.