Dexus Mandate to Secure 50% in Rialto Towers

Dexus has secured a large mandate from GIC to estavlish a JV and acquire a 50% interest in Rialto Towers, 525 Collins Street, Melbourne, for $644 million. GIC will hold a 90% share in the JV and Dexus will hold the remaining 10%.

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ESR & GIC Commit $500m to China

ESR announced that they have formed a new joint venture with Singapores GIC to invest $500 million of equity which will focus on developing institutional grade logistics facilities in key cities across China.

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Dexus assets Valued up 4% in 6 months

The ongoing strength in the office and industrial markets has been reflected in the latest set of valuation numbers at Dexus with an increase of $656 million or circa 4% on the June 2019 book values.

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