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Dexus

ASX Announcements

Notification regarding unquoted securities - DXS

Appendix 3G (Notification of Issue, Conversion or Payment up of Unquoted Equity Securities)

  • Dec 20, 2024
  • 6 pages

Appendix 3Y

Change of Director’s Interest Notice

  • Dec 20, 2024
  • 3 pages

Market Sensitive

Portfolio valuation update

Periodic Reports - Other, Progress Report

  • Dec 18, 2024
  • 1 page

Market Sensitive

Estimated distribution for half year ending 31 December 2024

Notification of Results/Reporting Date, Dividend Record Date, Dividend Pay Date, Dividend Rate

  • Dec 18, 2024
  • 1 page

Market Sensitive

Dividend/Distribution - DXS

Dividend Record Date, Dividend Pay Date, Dividend Rate

  • Dec 18, 2024
  • 4 pages

View all DXS announcements

This Month

Woodgrove shopping centre was set to sell for $450 million, until the deal fell over due to a last-minute block by the board of a Dexus-run fund.

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.

  • Campbell Kwan
The NSW Supreme Court found that the transfer of control over the $1.7 billion Macquarie Centre to Dexus was a breach of contract.

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.

  • Campbell Kwan
Campus Living Villages group managing director John Schroder.

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.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

November

Dexus is in talks to buy QIC’s Woodgrove mall for $450 million.

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.

  • Campbell Kwan
SG Hiscock’s Grant Berry.

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.

  • Joanne Tran
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The NSW Supreme Court found that AMP’s decision to sell its stake in Macquarie Centre to Dexus was a breach of contract.

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.

  • Campbell Kwan
Dexus and CPPIB are set to sell 145 Ann Street for about $200 million.

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.

  • Campbell Kwan

October

A piece of Melbourne Airport is up for grabs.

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.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
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Westpac splits from ABA; Attempted kidnapping; Next battle for offices

Read everything that’s happened in the news so far today.

Dexus chief executive Ross Du Vernet says the office needs to change.

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.

  • James Thomson
Recent office sales, such as 388 George St, have represented a cap rates of just over 6 per cent which is only slightly higher than the reported cap rates of listed REITs.

More pain to come for office tower values despite 20pc tumble

Challenges to the office sector mean only the best towers are expected to increase in value as interest rates fall.

  • Campbell Kwan
The nine-storey office block at 411 Collins Street with net lettable area of 3015 square metres has sold for about $30 million.

Alibaba’s Australian office changes hands for $30m

In the Melbourne CBD market hit hard by the pandemic, some office vendors hope high replacement costs make their existing buildings more attractive. 

  • Michael Bleby

September

Gold Coast Airport accounted for 74 per cent of QAL’s FY23 revenue.

Three-horse race at Queensland Airports; Dexus snags a wingman

Dexus has survived the loss of a bid partner while KKR’s dealmakers seem to have overcome last-minute doubts about lobbing a binding bid.

  • Sarah Thompson, Kanika Sood and Emma Rapaport

Chris Lucas’ 24/7 recipe for success

Renowned restaurateur has been working with developers to transform the ground level of major new projects with upmarket restaurants.

  • Nick Lenaghan
The Australian office property market is deeply divided, and likely to become more so.

‘End of WFH nonsense’ not the only factor in office property fightback

The office property market is deeply divided between the assets no one wants and the jewels that are in short supply.

  • James Thomson
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Queensland Airports Limited shareholders are selling a joint 74.25 per cent stake.

Grounded: KKR, Skip mull throwing in towel at Qld Airports auction

Street Talk understands private equity suitor KKR and its consortium partner Skip Capital’s commitment to the QAL auction is waning.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Investors are trying to work out whether it is time to buy bombed-out office property owners.

Office values drop 22pc in two years. When will they bottom?

That is a big fall in defensive, long-life assets. It’s part working from home, part interest rates. It can’t continue forever, but it hasn’t slowed yet.

  • Anthony Macdonald
Powerco is New Zealand’s largest electricity distributor by network length.

ART buys Queensland’s 33pc of NZ poles-and-wires biz Powerco

The deal takes ART to 58 per cent ownership of Powerco, up from 25 per cent.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Time to shine for commercial property.

Time to buy into REITs: Barrenjoey

Property stocks have weathered the interest rate storm, according to Barrenjoey, who say investors could be “well served” to increase their exposure.

  • Nick Lenaghan
Luke O’Dwyer, development manager at Silverstone Developments.

Investors have moved away on private hospitals, industry warns

Investors in private hospital developments have shifted away from the sector, further heaping pressure on the healthcare system.

  • James Hall and Michael Smith

Original URL: https://www.afr.com/company/dxs-h8