DGAP-Ad-hoc: Dexus Finance Pty Limited / Key word(s): Real Estate
Dexus Finance Pty Limited: Settlement of first tranche of 201 Elizabeth
Street Sydney
12-Nov-2019 / 00:07 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*
*12 November 2019*
*Settlement of first tranche of 201 Elizabeth Street Sydney*
Dexus announces that it has settled on the sale of its initial 25% interest
in 201 Elizabeth Street, Sydney.
Details relating to the transaction were previously announced to the
Australian Securities Exchange (ASX)
on 9 August 2019.
Dexus has secured circa $34 million (pre-tax) of FY20 trading profits
through the sale of this tranche.
As previously announced, Dexus has also entered into a put and call option
to sell its remaining 25% interest in late 2020. The sale is expected to
contribute a further circa $34 million in pre-tax trading profits in FY21 in
the event either option is exercised.
*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
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 $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
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12-Nov-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: 910161
End of Announcement DGAP News Service
910161 12-Nov-2019 CET/CEST
(END) Dow Jones Newswires
November 11, 2019 18:07 ET (23:07 GMT)
