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DEXUS Capital/Financing Update 2007
64807_rns_2007-01-21_9db26620-c128-4651-b370-e1f9d0080f38.pdf
Capital/Financing Update
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DB RREEF
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]
22 January 2007
The Manager Australian Stock Exchange Limited 20 Bridge Street Sydney NSW 2000
Dear Sir/Madam
DB RREEF Trust (ASX: DRT) - Sale of 50% share of The Zenith, Chatswood
DB RREEF Funds Management Limited, as responsible entity for DB RREEF Trust (DRT), provides the following announcement on the sale of a 50% share of The Zenith, Chatswood.
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 |
Yours sincerely
Tanya Cox Company Secretary
DB RREEF Trust (ASX: DRT) Transaction Announcement
22 January 2007
Sale of 50% share of The Zenith, Chatswood
DB RREEF Funds Management Limited (DRFM), as responsible entity of DB RREEF Trust (DRT), today announced the sale of a 50% interest in The Zenith, Chatswood for \$126.25 million. The funds will initially be used to repay debt and subsequently be re-invested in other assets.
"This 50% sale, together with the recent 50% purchase and future re-development of the Peter Board High School site in North Ryde facilitates a diversification of our office investments on Sydney's North Shore" said Victor Hoog Antink, CEO, DB RREEF.
The Zenith is a twin tower A-grade office complex. Each tower has 21 levels of A-grade office space totalling approximately 43.750 square metres. The Complex also contains a ground floor retail space and a four level car park for approximately 800 cars.
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 |
DB RREEF Funds Management Limited is one of Australia's largest property fund managers, with total funds under management as at 31 October 2006 of \$12.2 billion. The listed property portfolio comprises approximately \$8.1 billion of direct property assets, in Australia, New Zealand, the United States and France and the unlisted property portfolio comprises approximately \$4.1 billion of domestic assets.
