DGAP-Adhoc: Dexus Finance Pty Limited: Acquisition and equity raising 80 Collins Street Melbourne

DGAP-Ad-hoc: Dexus Finance Pty Limited / Key word(s): Corporate 
Action/Acquisition 
Dexus Finance Pty Limited: Acquisition and equity raising 80 Collins Street 
Melbourne 
 
02-May-2019 / 03:51 CET/CEST 
Disclosure of an inside information acc. to Article 17 MAR of the Regulation 
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
*Dexus (ASX: DXS)* 
 
*ASX release* 
 
*NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES* 
 
*2 May 2019 * 
 
*Dexus announces acquisition of the 80 Collins precinct, Melbourne and 
equity raising* 
 
Dexus Funds Management Limited (*"DXFM"*) as responsible entity of Dexus 
(*"Dexus"* or the *"Group"*) today announced that it has agreed to acquire 
the 80 Collins precinct, alongside Dexus Wholesale Property Fund (*"DWPF"*), 
for a Total Acquisition Cost of $1.476 billion[1] (the *"Acquisition"*) from 
QIC Global Real Estate. Dexus will acquire a 75% ownership interest in the 
80 Collins precinct and DWPF will acquire the remaining 25% interest. 
 
To view the full release and presentation, please refer to Dexus's website 
at https://www.dexus.com/investors/all-news-and-media [1] 
 
*For further information please contact:* 
 
Investor Relations       Media Relations 
Rowena Causley           Louise Murray 
[phone]          [phone] 
[phone]          [phone] 
[e-mail] [e-mail] 
 
[1] Total Acquisition Cost reflects the gross price for the acquisition of 
100% of the 80 Collins precinct, excluding transaction costs and subject to 
customary adjustments. The Total Acquisition Cost comprises i) payments for 
the 80 Collins precinct on an "as-is" basis of $1.082 billion, ii) payments 
for remaining costs to complete of $290 million, and iii) payments for 
assumed outstanding incentives and North Tower capital expenditure 
liabilities of $104 million. Dexus will fund 75% of the total Acquisition 
consideration with DWPF funding the remaining 25%. Refer to slide 24 of the 
investor presentation titled "80 Collins precinct acquisition and equity 
raising" dated 2 May 2019 for further details. 
 
Information and Explanation of the Issuer to this News: 
 
*About Dexus* 
 
Dexus is one of Australia's leading real estate groups, proudly managing a 
high quality Australian property portfolio valued at $28.9 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 $13.9 billion of office and industrial properties. We manage a further 
$15.0 billion of office, retail, industrial and healthcare properties for 
third party clients. The group's $5.0 billion development 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 27,000 investors from 19 countries. With more than 
30 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. 
 
*Offer Restrictions * 
 
This announcement and the attached presentation does not constitute an offer 
to sell, or the solicitation of an offer to buy, any securities in the 
United States and may not be distributed or released in the United States. 
The stapled securities to be offered and sold under the Placement and SPP 
offer by DXFM of the New Securities set out in this presentation ('*Offer*') 
have not been and will not be registered under the U.S. Securities Act of 
1933 ('*Securities Act*'), or under the securities laws of any state or 
other jurisdiction of the United States and may not be offered or sold, 
directly or indirectly, in the United States except in compliance with the 
registration requirements of the Securities Act and any other applicable 
securities laws of any state or other jurisdiction of the United States 
(which Dexus has no obligation to do or procure) or pursuant to an exemption 
from, or in a transaction exempt from or not subject to, such registration 
requirements and any other applicable securities laws. In addition, the New 
Securities to be offered and sold under the SPP will only be offered and 
sold to eligible Security holders in Australia and New Zealand in 'offshore 
transactions' (as defined in Regulation S under the Securities Act) in 
reliance on Regulation S under the Securities Act. There will be no public 
offer of securities in the United States. 
 
*Disclaimer * 
 
None of the Joint Lead Managers, nor any of their respective related bodies 
corporate or affiliates or any of their respective securityholders, 
directors, officers, employees, partners, agents and advisers 
(*'Beneficiaries'* ) have authorised, permitted or caused the issue, 
lodgement, submission, dispatch or provision of this announcement and 
accompanying presentation and do not make or purport to make any statement 
in this announcement or accompanying presentation and there is no statement 
in this announcement or accompanying presentation which is based on any 
statement by any of them. Neither the Joint Lead Managers nor their 
respective Beneficiaries have independently verified the information in this 
announcement or accompanying presentation. To the maximum extent permitted 
by law, DXFM, the Joint Lead Managers and each of their respective 
Beneficiaries exclude and disclaim all liability (whether direct or 
indirect), including without limitation for negligence or for any expenses, 
losses, damages or costs incurred by you as a result of your participation 
in the offer and the information in this announcement or accompanying 
presentation being inaccurate or incomplete in any way for any reason, 
whether by negligence or otherwise. To the maximum extent permitted by law, 
the Joint Lead Managers and each of their respective Beneficiaries take no 
responsibility for any part of this announcement or accompanying 
presentation or the offer. The Joint Lead Managers and each of their 
respective Beneficiaries make no recommendations as to whether you or your 
related parties should participate in the offer nor do they make any 
representations or warranties to you concerning the offer, and you 
represent, warrant and agree that you have not relied on any statements made 
by the Joint Lead Managers or any of their respective Beneficiaries in 
relation to the offer. The Joint Lead Managers and their respective 
Beneficiaries may have interests in the Dexus stapled securities. Further, 
they may act as market maker or buy or sell Dexus stapled securities or 
associated derivatives as principal or agent. The Joint Lead Managers will 
also receive fees for acting in their capacity as joint lead managers of the 
Placement. You acknowledge that each of the Joint Lead Managers and their 
respective Beneficiaries is not acting nor is it responsible as a fiduciary, 
agent or similar capacity to you, your officers, employees, consultants, 
agents, securityholders, creditors or any other person. You expressly 
disclaim any fiduciary relationship and you agree that you are responsible 
for making your own independent judgments with respect to any matters 
contained in this announcement or accompanying presentation. 
 
Determination of eligibility of investors to participate in the Placement is 
determined by reference to a number of matters, including legal and 
regulatory requirements, logistical and registry constraints and the 
discretion of DXFM and/or the Joint Lead Managers. DXFM, the Joint Lead 
Managers and each of their respective Beneficiaries disclaim any duty or 
liability (including for negligence) in respect of that determination and 
the exercise or otherwise of that discretion, to the maximum extent 
permitted by law. The Joint Lead Managers may rely on information provided 
by or on behalf of institutional investors in connection with managing, 
conducting or underwriting the Placement without having independently 
verified that information and the Joint Lead Managers do not assume 
responsibility for the accuracy or completeness of that information. 
 
02-May-2019 CET/CEST The DGAP Distribution Services include Regulatory 
Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
Language:    English 
Company:     Dexus Finance Pty Limited 
             264 George Street 
             2193 Sydney 
             Australia 
Phone:       [phone] 
Fax:         [phone] 
E-mail:      [e-mail] 
Internet:    www.dexus.com 
ISIN:        XS1961891220 
WKN:         A2RZHG 
Listed:      Regulated Unofficial Market in Frankfurt 
EQS News ID: 806275 
 
End of Announcement DGAP News Service 
 
806275 02-May-2019 CET/CEST 
 
 
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=1a089339e6d7e7b6542a69d3644076eb&application_id=806275&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

May 01, 2019 21:51 ET (01:51 GMT)