Dexus retail assets test rebound hopes
The sale of slices in the Macquarie Centre and the Pacific Fair Shopping Centre will be a guide to the consumer spending come back as lockdowns are lifted.
The sale of slices in the Macquarie Centre and the Pacific Fair Shopping Centre will be a guide to the consumer spending come back as lockdowns are lifted.
Property group Dexus is kicking off the largest office sale of the year, with its move to sell about $1.3bn worth of Sydney office towers.
Property giant Dexus says workers will come back to their desks and is committed to major developments even as lockdowns make leasing tough.
The coming offer of stakes in two of Australia’s best shopping malls will reset benchmarks across the industry.
Dexus has swung back to offices with a $1.4bn deal to develop tech giant Atlassian’s 40-storey hybrid timber HQ in Sydney.
The company’s office towers held their value and warehouses have surged
Canadian company NorthWest has upped the ante in its hostile takeover play for the Australian Unity Healthcare Property Trust.
The fight for the hospital owning trust has drawn in the biggest players in the market.
Property heavyweight Dexus has swept into the takeover battle for the Australian Unity Healthcare Property Trust.
Dexus has called on advisory firm Moelis for assistance with its acquisition of a $180m cornerstone stake in the Australian Unity Healthcare Property Trust.
Office owners are backing a new breed of city towers to help bring workers back to their desks.
Office and funds powerhouse Dexus has upgraded its earnings on the back of the stronger than expected performance of its portfolio.
Big executive pay increases are making a comeback in property with Dexus locking in a trio of top executives in a move worth up to $6.5m.
The Darren Steinberg-led Dexus is becoming a funds powerhouse, with the move on APN poised to see it running listed trusts.
Landlord Dexus says that the return to work is gathering pace as companies call people back and confidence among workers builds.
AMP Capital rocked by the loss of a $5.4bn diversified property fund, in a blow to its real estate platform as it seeks to spin off its private markets arm.
The vote on whether the AMP Capital Diversified Property Fund will merge with a rival Dexus fund is expected to convincingly go the latter’s way on Tuesday.
The private fund manager which paid $285m for Brisbane’s Gold Tower is backing a recovery in CBD office markets, as workers return.
A vote later this month sets the scene for a showdown between AMP and Dexus.
As negotiations between AMP and its suitor Ares continue, the situation of AMP Capital Diversified Property Fund is becoming increasingly dire.
Property major Dexus has taken full control of a $1.1bn tower in Sydney’s CBD after setting up a funds management alliance with a Singaporean company.
AMP is understood to have made a last-ditch effort to retain its $4 billion-plus AMP Capital Diversified Property Fund, which looks increasingly likely to fall into the hands of Dexus Property Group.
UniSuper, Victorian Funds Management Corporation and Treasury Corp are believed to hold the cards for the future of AMP’s $7bn wholesale office fund.
The office landlord says workers are returning and corporate Australia has recognised that getting staff back is critical to their businesses
Dexus Property Group appears to be closing in on the $4bn-plus AMP Capital Diversified Property Fund.
The commercial property market has been bolstered by foreign investment authorities waving through the purchase of an office tower in Sydney’s CBD.
Dexus advances plans for a $2.1bn overhaul of the Eagle Street Pier and Waterfront Place precinct.
The likes of Charter Hall, Dexus, ESR and Centuria are thought to have made approaches for Blackstone’s portfolio of Australian industrial properties.
Dexus had been requesting due diligence on the AMP Capital Diversified Property Fund which could now be granted, say sources.
The listed Dexus and Canada’s CPP Investment Board are looking to offload Brisbane’s $300m Gold Tower in the city’s largest office sale of the year.
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