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