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
+61 2 9017 1390 +61 2 9017 1446
+61 416 122 383 +61 403 260 754
rowena.causley@dexus.com louise.murray@dexus.com
[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: +61 2 9017 1100
Fax: +61 2 9017 1101
E-mail: ir@dexus.com
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)
