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DEXUS Capital/Financing Update 2007
64807_rns_2007-02-01_dab03eea-569a-4c85-80f2-d91bb29ac81e.pdf
Capital/Financing Update
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DB RRFFF
Managed in partnership with Deutsche Bank $\boxdot$
DB RREEF Funds Management Limited ABN 24 060 920 783 Australian Financial Services Licence Holder
Level 9 343 George Street Sydney NSW 2000
PO Box R1822 Royal Exchange NSW 1225
Telephone 61 2 9017 1100 Direct 61 2 9017 1266 Facsimile 61 2 9017 1132
Email: [email protected]
2 February 2007
The Manager Australian Stock Exchange Limited 20 Bridge Street Sydney NSW 2000
Dear Sir/Madam
DB RREEF Trust (ASX: DRT) Transaction Announcement
DB RREEF Funds Management Limited, as responsible entity for DB RREEF Trust (DRT), announces settlement of the sale of 706 Mowbray Road, Lane Cove, NSW and a 50% interest in The Zenith, 821-843 Pacific Highway, Chatswood NSW.
Please find attached the ASX Announcement.
For further information, please contact
| Media Enquiries: CEO DB RREEF | Victor Hoog Antink | $(02)$ 9017 1130 |
|---|---|---|
| Fund Manager, DB RREEF Trust: | Ben Lehmann | $(02)$ 9017 1266 |
| Investor Relations: | Karol O'Reilly | $(03)$ 8611 2930 |
Yours sincerely
John Easy Company Secretary
DB RREEF Trust (ASX: DRT) Transacton Announcement
2 February 2007
DB RREEF Trust (ASX:DRT) Transaction Announcement
Mowbray Rd, Lane Cove
DB RREEF Trust today announced that 706 Mowbray Road, Lane Cove, NSW has been sold and settled for \$29.265 million. This sale will result in a net profit of \$1.3 million after allowing for all transaction costs.
The Zenith, Chatswood
DB RREEF Trust also announced that settlement has occurred in relation to the previously announced sale of a 50 percent interest in The Zenith, 821-843 Pacific Highway, Chatswood NSW for \$126.25 million.
The Zenith was valued at 31 December 2006 at \$250 million resulting in a valuation uplift of \$31.5 million. The subsequent sale of a 50% interest has resulted in a net profit, after allowing for all transaction costs, of \$0.3 million.
For further information, please contact:
| Media Enquiries: | Victor Hoog Antink | $(02)$ 9017 1130 |
|---|---|---|
| Fund Manager, DB RREEF Trust: | Ben Lehmann | $(02)$ 9017 1266 |
| Investor Relations: | Karol O'Reilly | $(03)$ 8611 2930 |
DB RREEF owns over \$8 billion of assets in Australia, New Zealand, the United States, France and Germany and through its 50% interest in DB RREEF Funds Management, manages in excess of an additional \$4 billion of assets in Australia and New Zealand on behalf of wholesale investors, private mandates and syndicates.
