DGAP-Ad-hoc: Dexus Finance Pty Limited / Key word(s): Real Estate
Dexus Finance Pty Limited: Settlement of JV acquisition of interest in
Rialto Towers Melbourne
04-Jun-2020 / 04:09 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*
*4 June 2020*
*Settlement of JV acquisition of interest in Rialto Towers, Melbourne*
Dexus announces the settlement of the acquisition of a 50% interest in
Rialto Towers, 525 Collins Street, Melbourne on behalf of a Joint Venture
("JV") with GIC that was previously announced to the Australian Securities
Exchange on 6 April 2020.
GIC holds a 90% share in the JV and Dexus holds the remaining 10%.
Dexus is the investment manager of the JV and has been appointed as the
manager of the entire Rialto Towers complex.
Dexus's interest was funded from existing debt facilities.
_Authorised by Brett Cameron, General Counsel and Company Secretary of Dexus
Funds Management Limited._
*For further information please contact:*
*Investors* *Media*
David Yates Louise Murray
Executive General Manager, Senior Manager, Corporate
Investor Relations Communications
+61 2 9017 1424 +61 2 9017 1446
+61 418 861 047 +61 403 260 754
david.yates@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, managing a
high-quality Australian property portfolio valued at $33.8 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
$16.8 billion of properties, with a further $17.0 billion of properties
managed on behalf of third-party clients. The group's $11.2 billion
development pipeline provides the opportunity to grow both portfolios and
enhance future returns. With 1.8 million square metres of office workspace
across 55 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 20
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
Dexus Funds Management Ltd ABN 24 060 920 783, AFSL 238163, as Responsible
Entity for Dexus (ASX: DXS) Level 25, 264 George Street, Sydney NSW 2000
04-Jun-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: +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: 1062527
End of Announcement DGAP News Service
1062527 04-Jun-2020 CET/CEST
(END) Dow Jones Newswires
June 03, 2020 22:09 ET (02:09 GMT)
