DGAP-Adhoc: Dexus Finance Pty Limited: Settlement of first tranche of 201 Elizabeth Street Sydney

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 
[phone]          [phone] 
[phone]          [phone] 
[e-mail] [e-mail] 
 
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 
 
*Download the Dexus IR app* 
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webcasts and more. 
 
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:       [phone] 
Fax:         [phone] 
E-mail:      [e-mail] 
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)