EQS-Adhoc

Dexus Finance Pty Limited: Sale of Axxess Corporate Park Mount Waverley Victoria

EQS-Ad-hoc: Dexus Finance Pty Limited / Key word(s): Disposal/Real Estate Dexus Finance Pty Limited: Sale of Axxess Corporate Park Mount Waverley Victoria 15-Jun-2023 / 09:07 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Dexus (ASX: DXS)

ASX release

15 June 2023

Sale of Axxess Corporate Park, Mount Waverley Victoria

Dexus announces that it has exchanged contracts to sell Axxess Corporate Park, a business park in Mount Waverley, Victoria.

The sale will realise proceeds of $306.2 million^[1], reflecting a 7.4% premium to the 31 December 2022 independent valuation.

The sale is subject to FIRB approval and is otherwise unconditional. Settlement is expected in early July 2023.

Together with the sale of 44 Market Street, Sydney announced on 9 June 2023, Dexus has secured combined sale proceeds of approximately $700 million¹, representing an approximate average 8% discount to the 31 December 2022 independent valuation.

This transaction brings total divestments announced during FY23 to date to approximately $1.5 billion. 

Authorised by Brett Cameron, General Counsel and Company Secretary of Dexus Funds Management Limited

 For further information please contact:

 

Investors Rowena Causley Head of Listed Investor Relations [phone] [phone] [e-mail]

Media Luke O’Donnell Senior Manager, Media and Communications [phone] [phone] luke.o’[e-mail]

 ^[1] Reflects net sale price and excludes transaction costs.

End of Inside Information

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Information and Explanation of the Issuer to this announcement:

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