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Robert Harley

Can Dexus walk both sides of the street?

Fund managers who have tried to work across real estate and infrastructure soon discover that the two sides talk a different language.

Perhaps the investors in the $7.7 billion Dexus property group will see the irony in its current predicament over a key stake in Melbourne Airport.

For five years Dexus has been marked down because of its exposure to office towers, and despite a pivot to “real assets management”.

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Robert Harley is a former property editor of The Australian Financial Review. Connect with Robert on Twitter. Email Robert at rob@rharley.com.au

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    Original URL: https://www.afr.com/property/commercial/can-dexus-walk-both-sides-of-the-street-20250521-p5m0xo