Dexus fund trades out of Mirvac offices at discount
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.
Dexus
Dexus sees end to office woes despite tough half
The office landlord and property funds company says that big investors are readying to come in to the market as interest rates stabilise.
Dexus names new CEO to lead $50bn transformation
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.
ASX 200 ends flat amid mining losses; Pact soars
Santos, Woodside gain amid merger talks. Pact accepts billionaire’s higher bid. Sigma-Chemist Warehouse union to create $8.8bn powerhouse. Costa Group flags earnings fall.
Double the money: dual Sydney skyscraper sales loom
The owners of two neighbouring Sydney skyscrapers are weighing up their options to potentially sell up the prime sites worth more than $1.1bn.
Getting real: Dexus makes funds push for future
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.
Top ASX leaders who may have overstayed their welcome
How long is too long when it comes to running an Australian listed company? There’s a view that it’s time for some leaders to call it quits.
Property boss who transformed Dexus calls time
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.
ASX 200 flat as rate hike looms
RBA Nov hike likely on inflation uptick. No interim Takeovers Panel orders as Whitehaven complains about Bell Rock’s ‘failure’. Protest vote against Tabcorp pay policy. Magellan falls on CEO’s sudden exit.
Major law firms sign up for $2.5bn ‘city changing’ Brisbane precinct
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.
Dexus strikes Quintessential office deal
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.
Aussie market’s worst day in six weeks
Australian stock market records worst day in six weeks, with all sectors except real estate taking a dive.
Dexus in red, trims outlook as tower values hit
The office landlord and funds manager swings to a hefty annual loss, driven by cuts to the value of its property portfolio as interest rates hit the sector.
ASX falls on tech losses; Bapcor top gainer
Tech sector leads declines. NBN Co submits revised pricing proposal after ACCC rejection. RBNZ holds rates. KPMG cuts pay as revenue lifts. Fletcher, Transurban, Computershare among losers.
ASX 200 ends down 0.2pc; health care weakest
TPG Capital cuts bid price for InVoCare. Iron ore chaos if China cuts steel production, Goldman Sachs warns. Fortescue in court over Aboriginal compensation. Bain, Estia Health sign takeover deal. Westpac ups house price growth.
Dexus circling airport asset stakes
Dexus is understood to be lining up to assess an acquisition of stakes in three Australian airport assets on the market worth a combined $2bn-plus.
Westfield Tea Tree Plaza stake hits the block
Big shopping centres are going back on the block as investors return.
Property pain spreads with office towers under pressure
The downturn in commercial property has extended further across the listed market with office landlord and funds group Dexus announcing around $1bn worth of writedowns.
Dexus makes premium on $306m corporate park sale
After last week taking a hit on the sale of a Sydney office tower, Dexus has made a premium by offloading a business park in Melbourne.
Sale of NBN’s HQ could dial up $800m
Property and funds group Dexus and its main wholesale vehicle are putting the NBN headquarters in North Sydney on the block with the sale to provide a guide to prime office values.
Stakeholder tests interest in Dexus properties
The offer of a stake by the National Pension Service of Korea in 20 properties controlled by Dexus could set a fresh benchmark in the hot sector.
Firms banning workers from using ChatGPT
Companies in Australia and abroad have banned employees from using generative AI models such as ChatGPT over fears of mass data breaches.
Two in running to take top job at GPT Group
The contest for the top job at GPT is understood to have narrowed to two contenders – former Mirvac chief investment officer Brett Draffen and Dexus executive Kevin George.
CBD office deals show a market reset taking hold
In the latest example of how the big reset of the Australian office market is under way, a Hong Kong-based private equity group is after a Sydney CBD tower.
Office market opens up as tower trades take off
The nation’s office market remains under pressure but big trades are beginning to take hold with offshore capital continuing to favour Australian towers.
Dexus shifts into real assets with AMP platform buy
The purchase helps diversify the company away from the sluggish office market.
Dexus defies office gloom with guidance kick
The office landlord and funds manager is closing out the purchase of a funds business from AMP and says the best towers are performing.
Dexus in the investor spotlight
Dexus Property Group could come under close watch from private equity or super fund investors when it delivers its half-year results this week.
Commercial property values hold as sales dry up
Commercial property owners are holding the line against falling valuations with Charter Hall and Dexus both expecting the best assets to continue to perform amid gloomy expectations.
Dexus raises $500m and offloads key Sydney assets
Restocking the balance sheet with $500m of notes and some big disposals shows the property major is taking a harsher view on markets.
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