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Dexus’ big infrastructure push up in the air as trust breaks

In one swoop, the property-cum-infrastructure manager has sparked a war with two Australian sovereign wealth funds and industry super.

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Dexus shares have dropped 5 per cent since the Melbourne Airport news broke – it’s surprising it is not more.

Funds management is about trust. And by trying to chip off a small stake in Melbourne Airport’s owner Australia Pacific Airports Corporation (APAC), Dexus is alleged to have broken a lot of it.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
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    Original URL: https://www.afr.com/chanticleer/dexus-big-infrastructure-push-up-in-the-air-as-trust-breaks-20250522-p5m1et