$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.
Sydney’s CBD is accommodating more tech companies, with a $3bn project in development in the up-and-coming tech precinct near Central Station.
Shepparton Marketplace in regional Victoria has been snapped up by Singapore private real estate fund management business Sim Lian-Metro Capital.
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.
Melbourne’s office market has sparked up with major sales with both Mirvac and Dexus looking to unload key buildings.
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.
Investors must choose between joining the Dexus fund empire or jumping into a merger with a GPT fund.
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 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.
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 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.
Property heavyweight Dexus is considering a move to completely sell out of the $800m industrial property portfolio it put on the block in June.
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.
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.
The company’s key office fund vote has been delayed as Dexus and Mirvac tussle for control of the $7.5bn vehicle.
The investment group is doubling down on efforts to win management control of the Community Infrastructure Fund which AMP is hoping will end up with Dexus.
AMP has made an eleventh-hour pitch with a fee waiver to convince investors in its $7.5bn wholesale office fund to side with its preferred manager, Dexus, over rival Mirvac.
Investors in the $8bn AWOF are to vote on whether to hand control to Dexus or property rival Mirvac on July 15.
The property company is constantly on the move as its chief hunts new opportunities for investors.
ASX rallies on energy, mining and banking stocks. PointsBet rally continues, Lake Resources crashes 28 per cent, Dexus portfolio grows $374m and RBA says rate hikes to continue.
The property giant is looking for a partner on an $800m portfolio of logistics properties in one of the largest real estate portfolio offerings of the year.
Original URL: https://www.theaustralian.com.au/topics/dexus/page/4