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.
The top end of the mall market is in for a big reset with a stake in Adelaide’s Tea Tree Plaza trading at a discount to the value Westfield owner Scentre is believed to hold its interest.
Brett Henson, now unemployed, told a court he was ‘petrified’ after two to five men surrounded him and told him they were part of the Muslim Brotherhood.
A Dexus fund took a hit as it switched out of investing in a major office trust in a sign of tough times in the sector.
The office landlord and property funds company says that big investors are readying to come in to the market as interest rates stabilise.
The property investment giant has appointed a new boss to helm a major push into infrastructure and navigate increasingly challenging conditions in commercial real estate.
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The owners of two neighbouring Sydney skyscrapers are weighing up their options to potentially sell up the prime sites worth more than $1.1bn.
The big play will see the property and funds group dive much deeper into infrastructure and could be a model for other real estate companies.
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Dexus CEO Darren Steinberg gave the property company a new lease on life and transformed it into a real assets manager with the potential to go beyond its roots.
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Two top tier law firms have precommitted to Dexus’ Waterfront Brisbane’s first office tower which is now more than 50 per cent full ahead of its completion in 2028.
The climate is tough but the listed property giant has led the sales charge, with the buyer confident that the best offices will come back.
Original URL: https://www.theaustralian.com.au/topics/dexus/page/2