Dexus lower Friday, outperforms the Real Estate sector
Here is the latest company close update for Dexus, DXS.
Here is the latest company close update for Dexus, DXS.
The office park sale will be one the largest office sales in the Queensland capital this year.
The company is fighting claims from heavyweight property company Dexus and from class action lawyers.
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Real estate manager Dexus has frozen investor withdrawals from its healthcare property fund due to challenges valuing an Adelaide proton therapy centre which has been hit by equipment delays.
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Eighteen bidders for Dexus’s funds linked to Melbourne and Launceston airports allegedly got to peek at confidential information at the centre of a bitter court fight.
Australia’s sovereign wealth fund is among the heavyweight investors lining up against Dexus wanting it to sell out of two important airports as part of a case that’s headed for court.
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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.
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.
Original URL: https://www.theaustralian.com.au/topics/dexus