Dexus

Construction starts on Waterfront Brisbane

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.

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Dexus Raises $500m in latest Notes Issue

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.

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Dexus maintains high occupancy and rent collections

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.

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Central Place Sydney receives DA Approval from City of Sydney

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.

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Dexus Lowers Distribution Guidance as Interest Rates Impact

Dexus today announced that it had achieved Adjusted Funds From Operations (AFFO)Β 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.

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