Dexus Finance Pty Limited
- WKN: A2RZHG
- ISIN: XS1961891220
- Land: Australien
Nachricht vom 06.01.2020 | 00:36
Dexus Finance Pty Limited: GIC increases its ownership in DALT
Dexus Finance Pty Limited / Key word(s): Real Estate
6 January 2020
GIC increases its ownership in Dexus Australian Logistics Trust
Dexus announces that on 23 December 2019 the second tranche rights were exercised for GIC to acquire an additional 24% interest in the Dexus Australian Logistics Trust ("DALT") core portfolio[i], increasing GIC's total investment in DALT to 49%.
The establishment of DALT was previously announced to the Australian Securities Exchange on 26 November 2018. DALT is an open-ended unlisted trust with an active acquisition and development mandate, seeded with assets from Dexus's existing industrial portfolio and a development landbank.
The additional investment is priced at $366.1 million[ii], consistent with the estimated 31 December 2019 independent valuations across the core portfolio.
Settlement is expected to occur on 1 April 2020, with proceeds from the sale initially being used to reduce debt and provide capacity for future funding commitments, including Dexus's development pipeline.
Authorised by Brett Cameron, General Counsel and Company Secretary of Dexus Funds Management Limited
For further information please contact:
[i] As part of the initial joint venture, GIC acquired 25% of DALT's core portfolio, with Dexus and GIC entering into a put and call arrangement for a further 24% interest. GIC took an initial 49% interest in DALT's development landbank and is funding its share of the development spend.
[ii] Excludes 250 Forest Road South, Lara for which the put and call options have been deferred to mid-FY21.
Information and Explanation of the Issuer to this News:
Dexus is one of Australia's leading real estate groups, proudly managing a high quality Australian property portfolio valued at $31.8 billion. We believe that the strength and quality of our relationships is central to our success, and are deeply committed to working with our customers to provide spaces that engage and inspire. We invest only in Australia, and directly own $15.6 billion of office and industrial properties. We manage a further $16.2 billion of office, retail, industrial and healthcare properties for third party clients. The group's circa $8.7 billion development and concept pipeline provides the opportunity to grow both portfolios and enhance future returns. With 1.7 million square metres of office workspace across 53 properties, we are Australia's preferred office partner. Dexus is a Top 50 entity by market capitalisation listed on the Australian Securities Exchange (trading code: DXS) and is supported by 26,000 investors from 19 countries. With 35 years of expertise in property investment, development and asset management, we have a proven track record in capital and risk management, providing service excellence to tenants and delivering superior risk-adjusted returns for investors. www.dexus.com
Download the Dexus IR app
Download the Dexus IR app to your preferred mobile device to gain instant access to the latest stock price, ASX Announcements, presentations, reports, webcasts and more.
|Company:||Dexus Finance Pty Limited|
|264 George Street|
|Phone:||+61 2 9017 1100|
|Fax:||+61 2 9017 1101|
|Listed:||Regulated Unofficial Market in Frankfurt|
|EQS News ID:||946793|
|End of Announcement||DGAP News Service|
Dexus Finance Pty Limited: Dexus secures futur ...
Dexus Finance Pty Limited: DALT acquires two q ...
Dexus Finance Pty Limited: Sale of 45 Clarence ...
Dexus Finance Pty Limited: Resilience in prope ...
Dexus Finance Pty Limited: Towards Climate Res ...
Anleihe der German Real Estate Capital S.A. stark überdurchschnittlich attraktiv
Die Anleihe der German Real Estate Capital S.A. weist aktuell eine Effektivverzinsung von ca. 14 % auf. Da es sich hier quasi um eine Immobilien-Anleihe handelt, ist das Anleiherisiko überschaubar. Insgesamt verfügt die German Real Estate-Gruppe über 6 Objekte, 24 Bestands- und 22 Handelsobjekte, womit eine Kombination aus stetigen Einnahmen und attraktiven Entwicklerrenditen erreicht wird. Wir stufen die Anleihe als stark überdurchschnittlich attraktiv ein.
Der AKTIONÄR News
13. August 06:22 Lufthansa: 1 von 3
13. August 05:44 DAX kämpft mit der 13.000er-Marke – Deutsche Telekom und RWE mit ...
13. August 05:26 K+S mit Zahlen: "Wir kommen gut voran"
13. August 05:02 ThyssenKrupp: Massive Verluste im jüngsten Quartal
12. August 20:39 Dow Jones & Co geben wieder Gas: Tesla, Apple und Microsoft die ...
News im Fokus
Deutsche Wohnen SE: Deutsche Wohnen schärft Bestandsprofil und setzt weitere Impulse für Neubau und Klimaschutz in Deutschland
13. August 2020, 06:56
Webcast Q2 Results 2020
14. August 2020
Original-Research: Surteco Group SE (von Sphene Capital GmbH): Buy
13. August 2020