Street Talk

Dexus Airport Fund raising to bid for 9.7pc of Melbourne, Launceston airports

Sarah Thompson, Kanika Sood and Emma Rapaport

Mar 17, 2025 – 5.56pm

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Already a subscriber?

There’s a familiar face lurking around an up-for-grabs 9.7 per cent stake in the Melbourne and Launceston airports, where four shareholders last year tasked JPMorgan with courting bidders.

Street Talk can reveal the two-year-old Dexus Wholesale Airport Fund (or DWAF) is attempting to raise funding from high-net-worth investors to lob a bid for a slice of the two airports.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.