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DEXUS — Capital/Financing Update 2021
Jul 7, 2021
64807_rns_2021-07-07_3b4694db-7785-4bbe-a576-8625d0f4e7cb.pdf
Capital/Financing Update
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Dexus (ASX: DXS)
ASX release
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8 July 2021
Settlement of MDAP acquisition of interest in 1 Bligh Street, Sydney
Dexus today announced that the Mercatus Dexus Australia Partnership (MDAP), a joint venture with Mercatus Co-operative Limited (Mercatus) has settled on the acquisition of a 33.33% interest in 1 Bligh Street, Sydney for $375 million[1] .
Mercatus holds a 90% share in MDAP, with Dexus holding the remaining 10%. Dexus is the investment manager of the JV and will continue to be the property manager.
Dexus’s interest will be funded from existing debt facilities.
Details relating to the transaction were previously announced to the Australian Securities Exchange on 22 March 2021.
Authorised by Brett Cameron, General Counsel and Company Secretary of Dexus Funds Management Limited
For further information please contact:
Investors
Rowena Causley Senior Manager, Investor Relations +61 2 9017 1390 +61 416 122 383 [email protected]
Media
Louise Murray Senior Manager, Corporate Communications +61 2 9017 1446 +61 403 260 754 [email protected]
About Dexus
Dexus is one of Australia’s leading real estate groups, managing a high-quality Australian property portfolio valued at $36.5 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 $15.5 billion of office, industrial and healthcare properties. We manage a further $21.0 billion of office, retail, industrial and healthcare properties for third party clients. The group’s $11.5 billion development pipeline provides the opportunity to grow both portfolios and enhance future returns. 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 riskadjusted 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
1 Excluding acquisition costs, other costs and purchase price adjustments.