DGAP-Adhoc: Dexus Finance Pty Limited: GIC increases its ownership in DALT

DGAP-Ad-hoc: Dexus Finance Pty Limited / Key word(s): Real Estate 
Dexus Finance Pty Limited: GIC increases its ownership in DALT 
 
06-Jan-2020 / 00:36 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. 
 
*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:* 
*Investors *                     *Media* 
Rowena Causley                   Louise Murray 
Senor Manager, Investor          Senior Manager, Corporate 
Relations                        Communications 
[phone]                  [phone] 
[phone]                  [phone] 
[e-mail]         [e-mail] 
[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: 
 
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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06-Jan-2020 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: 946793 
 
End of Announcement DGAP News Service 
 
946793 06-Jan-2020 CET/CEST 
 
 

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January 05, 2020 18:36 ET (23:36 GMT)