Street Talk

Dexus’ infrastructure fund grounded as $1b redemptions hit

Sarah Thompson, Kanika Sood and Emma Rapaport

Feb 10, 2025 – 9.49am

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Listed office landlord turned infrastructure investor Dexus Group has hit a snag at its $2.1 billion Dexus Diversified Infrastructure Trust (DDIT), which owns stakes in seven assets ranging from the Melbourne and Launceston airports to student accommodation at the University of Sydney.

Street Talk can reveal that the fund on Friday told backers it had been hit by another $100 million in redemptions from its wholesale investors, tipping the total withdrawal requests over the $1 billion mark.

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.