Dexus

Dexus announced it had successfully raised $420 million in new equity across Dexus Real Estate Partnership 1 (DREP1) and Dexus Healthcare Property Fund (DHPF), and secured two additional opportunities for DREP1

Construction of the first stage of Dexus’s and Dexus Wholesale Property Fund’s (DWPF’s) $2.5 billion Waterfront Brisbane is underway with builder John Holland Group now on site.

Dexus Wholesale Property Fund (“DWPF” or “the Fund”) announced it has reached conditional agreement for the sale of Deepwater Plaza in Woy Woy for $112 million.

Dexus announces the sale of six properties with combined proceeds of $483 million.

Dexus today announced that 177 of its 1831 assets, comprising 34 office properties and 143 industrial properties have been externally valued as at 31 December 2022.

Property investment and development firm Mintus has secured Brisbane’s Beenleigh Marketplace for $85 million as interest in sub-regional shopping centres continues to surge.

AsheMorgan has acquired Homemaker Prospect for $78.9 million, as Large Format Retail (LFR) centres, that are directed at meeting household needs, are firing.

Merrill Lynch Equities (Australia) Limited has been busy raising $500m in capital for Dexus as part of a Notes offer to replace $100m of existing notes and add capital to the balance sheet of the listed real estate manager.

Dexus has successfully exchanged contracts to sell a trading property located at 12 Frederick Street, St Leonards for $118.5m.

Dexus provides its update for the quarter ended 30 September 2022, with continued progress made against its strategic objectives maintaining its guidance to deliver distributions of 50.0 - 51.5 cents per security.

Sydney’s city-shaping tech precinct has been further bolstered by the Development Application approval from City of Sydney for Central Place Sydney, a joint venture between Frasers Property Australia and Dexus*. Located adjacent to Sydney’s Central Station, the circa $3 billion project will form a significant part of the complete transformation of Sydney’s southern CBD.

The battle for control of some of AMP Capital's prime Shopping Centre assets continue with CBUS and UniSuper electing their own manager.

Dexus today announced that it had achieved Adjusted Funds From Operations (AFFO) and distributions of 53.2 cents per security for FY22, up 2.7% on the prior year but has lowered expectations for FY23 as interest rates begin to impact earnings.

The NSW Government, in partnership with Atlassian, Dexus and YHA, announced that construction had commenced on the project, which is expected to be open in 2027.

Dexus announces it has secured a new pre-commitment from Gadens in the North Tower of Waterfront Brisbane, the first of the two office towers within its city-shaping development.