DGAP-Adhoc
Dexus Finance Pty Limited: Dexus establishes new JV to acquire interest in 1 Bligh Street Sydney - Seite 2
Settlement of the acquisition is subject to FIRB approval, with Dexus's interest funded from existing debt facilities.
Authorised by Brett Cameron, General Counsel and Company Secretary of Dexus Funds Management Limited.
For further information please contact:
Investors David Yates Executive General Manager, Investor Relations +61 2 9017 1424 +61 418 861 047 david.yates@dexus.com |
Media Elle Twight Communications and Corporate Affairs Manager +61 2 9017 1337 +61 468 552 993 elle.twight@dexus.com |
[1] Reflecting the acquisition price for the 33.33% interest in 1 Bligh Street (of which Mercatus will hold a 90% share and Dexus a 10% share) and excludes acquisition costs, other costs and purchase price adjustments.
Information and Explanation of the Issuer to this News:
About Dexus
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Dexus is one of Australia's leading real estate groups, proudly managing a high-quality Australian property portfolio valued at $32.1 billion. We believe that the strength and quality of our relationships will always be central to our success and are deeply committed to working with our customers to provide spaces that engage and inspire. We invest only in Australia, and directly own $16.5 billion of office and industrial properties. We manage a further $15.6 billion of office, retail, industrial and healthcare properties for third party clients. The group's $11.4 billion development pipeline provides the opportunity to grow both portfolios and enhance future returns. With 1.6 million square metres of office workspace across 51 properties, we are Australia's preferred office partner. Dexus is a Top 50 entity by market capitalisation listed on the Australian Securities Exchange (trading code: DXS) and is supported by more than 29,000 investors from 24 countries. With 36 years of expertise in property investment, development and asset management, we have a proven track record in capital and risk management, providing service excellence to tenants and delivering superior risk-adjusted returns for investors. www.dexus.com