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Dexus

OFFICE TOWERSProperty

Brookfield will offer its stake in 388 George St, Sydney, for sale

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.

PropertyProperty

CONSTRUCTION COMMENCES ON WORLD-LEADING ATLASSIAN HQ AT SYDNEY’S TECH CENTRAL, Construction is underway on global software giant Atlassian’s 39-storey headquarters, which will anchor the Tech Central precinct and spearhead NSW’s innovation engine., , The NSW Government, in partnership with Atlassian, Dexus and YHA, announced that construction had commenced on the project, which is expected to be open in 2027.Renders, Atlassian Central Media

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.

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Ingenia CEO Simon Owen at the Hilton Hotel in Brisbane. Pic Tim Marsden

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.

SuccessionProperty

19/08/2020. Darren Steinberg, CEO of Dexus, photographed at their offices in Sydney. Britta Campion / The Australian

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.

Trading DayTrading Day

SYDNEY, AUSTRALIA - Newswire Photos - JULY 25 2023:A view of the Digital boards at the Sydney ASX. Picture: NCA Newswire / Gaye Gerard

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.

David Rogers, Valerina Changarathil and Megan Neil

DevelopmentProperty

An artist's impression of the $2.5bn Waterfront Brisbane development.

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.

Commercial propertyProperty

ÃÂ© 2022 Mark Merton Photography

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.

Australian MarketNewsWire

SYDNEY, AUSTRALIA - AUGUST 16 2023: A view of the digital boards at the Australian Stock Exchange in Sydney. Picture: NCA Newswire / Gaye Gerard

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.

Aisling Brennan

OfficesProperty

CONSTRUCTION COMMENCES ON WORLD-LEADING ATLASSIAN HQ AT SYDNEY’S TECH CENTRAL, Construction is underway on global software giant Atlassian’s 39-storey headquarters, which will anchor the Tech Central precinct and spearhead NSW’s innovation engine., , The NSW Government, in partnership with Atlassian, Dexus and YHA, announced that construction had commenced on the project, which is expected to be open in 2027.Renders, Atlassian Central Media

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.

Trading DayTrading Day

SYDNEY, AUSTRALIA - Newswire Photos AUGUST 07 2023: A general view of the digital boards at the ASX in Sydney as interest rates continue to rise. Picture NCA Newswire/ Gaye Gerard

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.

David Rogers, Valerina Changarathil and Megan Neil

Trading DayTrading Day

NEW YORK, NEW YORK - AUGUST 02: Traders work on the floor of the New York Stock Exchange (NYSE) on August 02, 2023 in New York City. The Dow fell over 300 points in trading following news Fitch downgraded the United States economy to AA+ from AAA late on Tuesday spooking investors and markets. Spencer Platt/Getty Images/AFP (Photo by SPENCER PLATT / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

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.

David Rogers and Matt Bell

DATAROOMDataRoom

New Zealand passengers from the cruise ship Vasco da Gama are seen checking in at Perth airport to catch a direct flight back to New Zealand on Saturday, March 28, 2020. The Vasco da Gama had about 800 Australians onboard, including 200 passengers from WA and over 100 New Zealanders. There were no reports of passengers having contracted the coronavirus. (AAP Image/Richard Wainwright) NO ARCHIVING

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.

EXCLUSIVEProperty

Aerial view of Adelaide’s Westfield Tea Tree Plaza, which is being offered for sale by the AMP Capital Shopping Centre Fund. Picture: Eric Van Staden

Westfield Tea Tree Plaza stake hits the block

Big shopping centres are going back on the block as investors return.

OfficesProperty

Artist's impression of two office towers Dexus is planning in its city-shaping Waterfront Brisbane development

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.

LogisticsProperty

Dexus has sold Axxess Corporate Park in Mount Waverley.

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.

OfficesProperty

100 Mount Street, North Sydney

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.

LogisticsProperty

Artists impression of the Dexus property Group's proposed $420 million industrial project at Greystanes in western Sydney.

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.

exclusiveTechnology

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.

DATAROOMDataRoom

Kevin George Executive General Manager, Office and Industrial, DEXUS Property Group at 480 Queen Street, Brisbane. The new office block features green areas on the fourth level. Photo: Claudia Baxter

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.

Commercial propertyProperty

Cityscape image of Sydney, Australia with Harbor Bridge and Sydney skyline during sunset. Vacation and travel in Australia. Escape 16 April 2023 News Photo - Getty Images

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.

InvestmentProperty

SYDNEY, AUSTRALIA - NewsWire Photos - APRIL 19 2023: A general view of the Crown Hotel and Casino and Sydney CBD skyline. The International Education Association of Australia, a roundtable of peak university, TAFE, private providers and education agents, Commerce and Industry will appear before a foreign affairs and trade hearing on Australia's tourism and international education sectors. Picture NCA NewsWire / Gaye Gerard

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.

InvestmentProperty

19/08/2020. Darren Steinberg, CEO of Dexus, photographed at their offices in Sydney. Britta Campion / The Australian

Dexus shifts into real assets with AMP platform buy

The purchase helps diversify the company away from the sluggish office market.

PropertyProperty

19/08/2020. Darren Steinberg, CEO of Dexus, photographed at their offices in Sydney. Britta Campion / The Australian

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.

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The new Central Sydney Planning framework could see more 300 metre icons dot Sydney's skyline - but developers will have to jump through a series of 'hoops' and red tape first.

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.

InvestmentProperty

15/08/2018: CEO Darren Steinberg: CEO of Dexus, after announcing profit results in Sydney. Pic by James Croucher

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.

StrategyProperty

19/08/2020. Darren Steinberg, CEO of Dexus, photographed at their offices in Sydney. Britta Campion / The Australian

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.

Regulatory holdupFinancial Services

Alexis George, CEO of AMP for The Deal

AMP flags Collimate sale delay

The sale of Collimate Capital businesses to Dexus and DigitalBridge are still awaiting regulatory approvals from China and the US.

DATAROOMDataRoom

5 Martin Place, sydney

Dexus in $500m convertible bond raising

Dexus Property confirmed the launch of a $500m convertible bond raising on Monday night in what is a telling sign for the real estate industry.

DATAROOMDataRoom

Dexus has taken full control of the MLC Centre

Convertible bond raise worth c$500m afoot for Dexus, say sources

The raising of funds through convertible bonds comes at a time that sourcing funding from the debt market is expensive.

19/08/2020. Darren Steinberg, CEO of Dexus, photographed at their offices in Sydney. Britta Campion / The Australian

Dexus dodges second strike as office sales roll on

Property group Dexus did cop some more stockholder angst but has avoided a second strike against its remuneration report.

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Original URL: https://www.theaustralian.com.au/topics/dexus/page/3