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.
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.
A transaction would lock in Dexus as one of the country’s biggest funds managers and could extend it beyond property.
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.
The software giant is but one of a series of technology companies looking to put their stamp on the city as workers return.
The property giant has diversified into funds and logistics but is so confident that it is ramping up new skyscraper projects.
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.
The office landlord is putting its stamp on the Queensland capital after securing two big tenants.
Superannuation heavyweight Cbus Super has taken a one-third interest in Perth’s $1.3bn Jandakot Airport, adding to its roster of infrastructure investments.
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.
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.
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.
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 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.
Software giant Atlassian has won approval for its new $1.5bn architecturally striking headquarters near Sydney’s Central Station.
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.
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.
Original URL: https://www.theaustralian.com.au/topics/dexus/page/6