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December 2024 distribution payment
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Yesterday
Victoria’s busted economy is profit season’s sneaky big shock
Beneath the wild share price moves, a stunning narrative has emerged from reporting season about one of Australia’s most critical economic growth engines.
February
The tide is turning against WFH. Office property will be a winner
Like it or not, the return-to-workplace push is gaining momentum. It’s one of two big factors setting the stage for a revival in commercial real estate.
Dexus takes heart from rate cut
Even before the Reserve Bank board delivered its first rate cut in four years, signs of a turnaround were already apparent in Dexus first half 2025 result.
What we learnt: The ASX giants sweating on rate cuts
Dexus, Challenger and Judo Bank are hoping for a boost from rate cuts, while HMC Capital has plenty of balls in the air.
Virgin-Qatar tie-up approved; MPs sweat on rate call; BHP’s revolution
Read everything that’s happened in the news so far today.
Steel, aluminium hit; WiseTech founder sued; Trump’s real tariff motivation
Read everything that’s happened in the news so far today.
Dexus’ infrastructure fund grounded as $1b redemptions hit
The trustee has kicked off a strategic review and slapped a six-month freeze on all withdrawals – or investments – pending its result.
Directors warn of investment delays amid Trump, election uncertainty
Company directors from Macquarie, Fortescue, Dexus and Perpetual say Donald Trump and the upcoming election will lead to projects being delayed or paused.
January
Don’t say Trump, but return to office will pick up: property bosses
Heads of the country’s largest commercial landlords avoid commenting on the US president’s executive order. But they want workers back.
Ownership shakeup at $2b Kiwi poles-and-wires owner Powerco
Should Dexus succeed in buying the Powerco stake as expected, it would be a stunning comeback for the ASX-listed player after being rebuffed last year.
December 2024
Dexus’ own shopping centre fund vetoes $450m Melbourne mall purchase
The unusual situation has left one of the country’s largest real estate owners scrambling to find a way to finalise the acquisition of the Woodgrove mall.
Dexus appeals forced sale of $830m Macquarie Centre stake
Dexus is disputing a court decision that requires one of its managed funds to sell a half stake in the Sydney shopping mall to its co-investors.
Dexus lobs bid for big super’s Aussie student apartment portfolio
Of note, Canadian giant Brookfield also participated in the first round but ultimately decided the asset wasn’t for it.
November 2024
Dexus circles $830m of malls to catch retail wave
The property giant is on the hunt for a major shopping centre, looking at the likes of Woodgrove mall and a half stake in Erina Fair.
ASX property stocks are the ‘quiet achievers’, says SG Hiscock
Portfolio manager Grant Berry says residential developer Peet has the most near-term upside and opportunity abounds in the smaller end of the property sector.
UniSuper, Cbus win right to buy $830m Macquarie Centre stake off Dexus
The superannuation giants had taken Dexus, one of the country’s largest real estate landlords, to court claiming it breached contractual rules and had to sell.
Aware Super’s $200m Brisbane tower deal to revive bruised market
The $180 billion fund is in talks to buy the Ann Street tower. If completed as expected, it will be the first office deal there by a local super fund in five years.
October 2024
Sale docs out for Dexus’ stake in Melbourne, Launceston airports
Melbourne airport revenue grew 17 per cent to $1.2 billion in the 2024 financial year, while EBITDA rose 21 per cent to $82.1 million, according to the teaser.
Westpac splits from ABA; Attempted kidnapping; Next battle for offices
Read everything that’s happened in the news so far today.
What we learnt from walking Sydney with our biggest office landlord
Exploring the streets of its CBD with the chief executive of commercial property giant Dexus, it fast becomes clear that the outlook is far from settled.