Investors call for vote on AMP fund sale
The battle for AMP’s real estate assets will go to a vote that could see Mirvac take control of the key office fund away from Dexus.
Dexus
AMP’s property suitors need to prove they have a plan
The battle between Mirvac and Dexus to take control of AMP Capital’s prized real estate assets will come down to who has a better strategy to navigate a changed market.
Vicinity makes grab for Collimate’s retail gems
The battle for the former AMP Capital business has now switched to big shopping centres but incoming owner Dexus is confident it will keep the funds.
Dexus funds play takes off
Buying the local Collimate Capital funds empire could be just the beginning for Dexus but rivals are trying to peck at its empire.
Dexus ups guidance ahead of next Collimate deal
The office landlord and property funds manager has lifted its guidance as it prepares to take control of the local operations of Collimate Capital.
UniSuper in frame over AMP funds
A spokeswoman for the superannuation fund said it was reviewing implications of the sale of AMP’s local real estate business to Dexus “for the ongoing management” of its portfolio.
Dexus wins Collimate battle but funds war goes on
The initial battle for the Collimate Capital empire has been won by Dexus, but a key vote on Thursday could change the picture.
AMP capital return to follow carve-up
AMP is preparing a chunky capital return to shareholders amid the landmark carve-up of its private markets business, including a deal of up to $1bn with Dexus.
AMP funds platform sale faces challenge from Mirvac
The impending sale of the $31bn local property and infrastructure unit risks being complicated by the renewed tussle for the platform’s prized office fund, with assets of some $8bn.
Offices are back with big deals on way
Not only is Dexus nearing the purchase of Collimate Capital’s $30bn local real-assets funds operation, the contest for major direct assets is heating up.
Investors lean toward AMP deal with Dexus
Investors and analysts are tentatively backing Dexus snapping up AMP’s marquee Australian real estate and infrastructure business, as the long-running saga comes to a head.
Energy players, miners lift ASX
ASX closed nearly 0.6 per cent higher, led by Woodside, Santos, BHP and banks. RBA flags rate hikes coming soon amid inflation and wages watch. Boral dumps CFO and AMP confirms Dexus talks.
How AMP missed its Macquarie moment
It’s the beginning of the end for AMP’s funds business that in its early days could have beaten investment bank Macquarie at infrastructure.
Dexus in talks over AMP co-investment stakes
The financial services giant’s co-investment stakes associated with the fund vehicles could amount to hundreds of millions of dollars, players familiar with their value said.
Dexus in $300m swoop on AMP property unit
AMP is preparing to announce a break-up of its asset management business, effectively ending hopes of a demerger that would see an ASX listing for its Collimate Capital unit.
AMP demerger on the brink
The move marks a shift away from the original plans that would have left its funds unit, now rebranded as Collimate Capital, with about $44bn under management.
Dexus chases deal with Collimate Capital
A transaction would lock in Dexus as one of the country’s biggest funds managers and could extend it beyond property.
Tech precinct to rise beside Atlassian HQ
Dexus and Frasers have unveiled the next leg of the multi-billion dollar precinct next to Sydney’s Central Station that is already garnering strong interest.
Dexus seals $1.4bn Atlassian tower deal as cities bounce back
The software giant is but one of a series of technology companies looking to put their stamp on the city as workers return.
Office workers want to come back to cities: Dexus
The property giant has diversified into funds and logistics but is so confident that it is ramping up new skyscraper projects.
ASX falls; energy, iron ore stocks hardest hit
ASX ends at a five-day low as investors sell energy and utilities stocks. Iron ore futures dive as China regulators call meeting, Sims leaps on profit growth and BHP posts record dividend.
Dexus to kick off $2.1bn Waterfront Brisbane development
The office landlord is putting its stamp on the Queensland capital after securing two big tenants.
Cbus takes a stake in Jandakot airport
Superannuation heavyweight Cbus Super has taken a one-third interest in Perth’s $1.3bn Jandakot Airport, adding to its roster of infrastructure investments.
Blackstone doubles down online as e-commerce surges
The world’s largest private equity firm is again getting ahead of the e-commerce boom. Blackstone is a big believer in online shopping as a result of the pandemic.
Regional shopping malls in demand
A quarter interest in the Westfield Warringah Mall in Sydney’s northern suburbs has changed hands in a play valuing the centre at more than $1.6bn.
ASX closes down 1.4% as bond-linked stocks hit
The ASX has been dragged down 1.4 per cent by rising bond yields. Banks fell amid a $1.5bn capital raising by Macquarie. Bond yields rose as the RBA stayed out.
Dexus carve-up puts offices on agenda
Property group Dexus has confirmed the strength in the office market by splitting up a portfolio it put on the block as part of more than $1.5bn worth of disposals.
Blackstone in $1.7bn logistics deal
Blackstone is preparing to put its stamp on the rampaging industrial property market with a near half-stake in the $3.5bn Dexus Australian Logistics Trust.
Atlassian tower approved as Dexus takes a strike
Software giant Atlassian has won approval for its new $1.5bn architecturally striking headquarters near Sydney’s Central Station.
Dexus portfolio in hot demand
Dexus has attracted strong bidding on the $1.3bn office portfolio it put on the block in August with the four-strong collection of Sydney buildings likely to be split up.
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