Market speculation surfaces on GPT-Dexus merger talks
Dexus has once again emerged as a topic of conversation in the real estate industry, but this time the talk is not about Blackstone’s interest, but GPT’s.
Dexus has once again emerged as a topic of conversation in the real estate industry, but this time the talk is not about Blackstone’s interest, but GPT’s.
Here is the latest company close update for Dexus, DXS.
The property group’s funds management ambitions have taken a hit after two of the country’s biggest super players took it on in court and were vindicated on appeal.
The stoush between property developer Kevin Seymour and ASX-listed Dexus has been resolved paving the way for the construction of the $1.5bn plus Newstead Green urban renewal project .
Dexus has come through the worst of the downturn and says that the market for large towers is stabilising, and it can stay on track for Waterfront Brisbane.
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Blackstone weighed up another bid for the real estate and infrastructure group last year, and now its major private equity rival is said to have been looking.
Ross Du Vernet says the labour market remains tough and cost pressures exist, while energy prices are also an issue.
Four years on from weighing a bid to buy Dexus, global private equity powerhouse Blackstone is understood to have been back on the scene, weighing up the prospect of an $8bn deal.
Investment giant and superannuation fund Aware has bought into a major tower in Brisbane’s CBD from a venture run by heavyweight Dexus.
Listed groups headed by Dexus, GPT and HMC Capital are leading the charge back into buying large shopping centres.
The landlord has copped a protest vote on the back of unhappiness about how it was planning to reward its new chief executive.
The property major dropped the proposed scheme and will update investors on its plan at its annual meeting this week.
Dexus is believed to be positioning itself for another attempt to take control of one of Australia’s airport assets after missing out on Gold Coast airport owner Queensland Airports.
Growthpoint Properties Australia’s $132m selldown out of the Dexus Industria REIT this week could be just what the group needs to win over investors.
Dexus is moving beyond its roots as an office landlord and is buying an ageing block in Brisbane to convert into student digs with the aid of Marquette Properties.
Investment bank Jarden is on the ticket for the real estate trade.
Chris Garnaut’s funds house Fawkner Property has finalised a deal to buy Willows Shopping Centre in Townsville from a fund run by the listed Dexus.
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The office group is making a move from being a landlord into more active businesses and will cut its distribution as it invests in new sectors.
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QIC says that former Dexus executive Deborah Coakley will replace Michael O’Brien as head of its real estate funds business and multi-billion development pipeline.
Dexus is looking to sell a $40m office block in Adelaide, which it picked up as part of its acquisition of AMP’s real estate and infrastructure funds business.
The country will get two of its tallest buildings as big companies pull out all the stops to try to entice workers back to their desks by moving in to new-style hi-tech office towers.
Blackstone has bought into a Queensland last mile logistics asset being sold by Dexus Wholesale Property Fund for just over $50m.
Dexus is close to striking one of the country’s largest office deals this year by selling a half interest in the landmark 5 Martin Place tower in the heart of Sydney.
A former Dexus boss and an ex-Suncorp exec are among those being tipped as possible contenders for key spots on the Lendlease board.
A fund run by heavyweight property group Dexus is capitalising on private players swooping on the hot logistics sector.
Property companies are getting into higher risk areas as returns from traditional investments like offices and shopping centres come under pressure.
The $7.6bn listed real estate and infrastructure group Dexus is poised to exercise pre-emptive rights to buy an additional $1bn stake in New Zealand’s energy distributor Powerco.
Original URL: https://www.theaustralian.com.au/topics/dexus