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DEXUS — Capital/Financing Update 2021
Dec 1, 2021
64807_rns_2021-12-01_2e4edab5-ebf3-4c1f-95d1-b1d2fa655d2b.pdf
Capital/Financing Update
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Dexus (ASX: DXS)
ASX release
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2 December 2021
Settlement of Grosvenor Place, Sydney
Dexus today announced that it has settled on the sale of a 50% interest in Grosvenor Place, Sydney. The 50% interest comprises 25% owned by Dexus and 25% owned by the Dexus Office Partnership, in which Dexus holds a 50% interest.
The asset was sold for $925 million for the 50% interest, or $694 million for Dexus, with details relating to the transaction previously announced to the Australian Securities Exchange on 18 November 2020.
The net sale proceeds will initially be used to repay debt.
Authorised by Brett Cameron, General Counsel and Company Secretary of Dexus Funds Management Limited
For further information please contact:
Investors Media David Yates Louise Murray Executive General Manager, Investor Relations Senior Manager, Corporate Communications +61 2 9017 1424 +61 2 9017 1446 +61 418 861 047 +61 403 260 754 [email protected] [email protected]
About Dexus
Dexus (ASX: DXS) is one of Australia’s leading fully integrated real estate groups, managing a high-quality Australian property portfolio valued at $42.5 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 $17.5 billion of office, industrial and healthcare properties, and investments. We manage a further $25.0 billion of office, retail, industrial and healthcare properties for third party clients. The group’s $15.4 billion development pipeline provides the opportunity to grow both portfolios and enhance future returns. Sustainability is integrated across our business, and our sustainability approach is the lens we use to manage emerging ESG risks and opportunities for all our stakeholders. Dexus is a Top 50 entity by market capitalisation listed on the Australian Securities Exchange and is supported by more than 30,000 investors from 23 countries. With over 35 years of expertise in property investment, funds management, asset management and development, we have a proven track record in capital and risk management and delivering superior risk-adjusted returns for investors. www.dexus.com
Dexus Funds Management Ltd ABN 24 060 920 783, AFSL 238163, as Responsible Entity for Dexus (ASX: DXS) Level 25, 264 George Street, Sydney NSW 2000