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.
Dexus
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.
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.
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.
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.
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.
$3bn supercharge to Sydney’s ‘Silicon Valley’
Sydney’s CBD is accommodating more tech companies, with a $3bn project in development in the up-and-coming tech precinct near Central Station.
Dexus unloads Shepparton Marketplace
Shepparton Marketplace in regional Victoria has been snapped up by Singapore private real estate fund management business Sim Lian-Metro Capital.
Last drinks: Famous Eagle St Pier venue gets marching orders
The operators of Jade Buddha, the only venue still open at Brisbane’s soon-to-be-demolished Eagle St Pier, has finally received its notice to quit by landlord Dexus as the final curtain comes down on the iconic venue.
Prime Melbourne offices on sale block
Melbourne’s office market has sparked up with major sales with both Mirvac and Dexus looking to unload key buildings.
ASX rises 0.4pc; coal, lithium miners rally
ASX breaks a three-day losing streak on energy and materials. Aussie dollar rebounds, Link suffers downgrades, gloomy outlook hits REITs and Santos rises amid PNG offer.
AMP fund contest fires up as retail consolidation looms
Investors must choose between joining the Dexus fund empire or jumping into a merger with a GPT fund.
Mercatus looks for Bligh St exit
Singaporean group Mercatus Co-operative is selling a slice of the landmark 1 Bligh St complex in the heart of the Sydney CBD, leaving co-owner Dexus looking for a new partner.
ASX dives 3.9pc for week; worst since June
ASX caps off a bad week with broad losses led by miners and tech. AMP loses control of retail trust, Dexus lowers Collimate offer, Rex bookings surge and A2 Milk extends rally.
Office markets to recover as interest rates bite: Dexus
The group, which is delivering a $1.8bn timber tower for software giant Atlassian, is optimistic that the building costs will stop rising over the next 12-18 months.
ASX falls on tech, miners; ANZ, GrainCorp jump
ASX 200 ends below 7000 on broad losses. ANZ best single-day gain since 2020, CBA falls on ‘disappointing’ outlook, St Barbara dives on update and GrainCorp up on guidance uplift.
Dexus weighing up $800m surprise sale
Property heavyweight Dexus is considering a move to completely sell out of the $800m industrial property portfolio it put on the block in June.
Plenary, Dexus battle for AMP infrastructure
AMP’s sale of its fund manager Collimate Capital is expected to close at the end of September, but Plenary is still trying to unseat Dexus as incoming manager of AMP’s infrastructure funds.
AMP office fund rivals swap debt claims
As the battle for the $7.5bn AMP office fund comes down to the wire, Dexus has won key consents from lenders and financiers to take control of the flagship vehicle.
AMP office fund vote delayed amid Dexus, Mirvac battle
The company’s key office fund vote has been delayed as Dexus and Mirvac tussle for control of the $7.5bn vehicle.
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