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Dexus

Dexus

Australian Real Estate Investment Trust

Dexus (ASX: DXS) is an Australian Real Estate Investment Trust (A-REIT) managing an Australian property portfolio valued at $42.5 billion.

Dexus invests only in Australia and directly owns $17.5 billion of office, industrial and healthcare properties. The directly owned portfolio consists primarily of office properties located across the capital cities of Sydney, Melbourne, Brisbane and Perth.

Dexus manages a further $25.0 billion of office, retail, industrial and healthcare properties for third party capital partners, with a $14.6 billion development pipeline across the group.

Dexus is listed on the Australian Securities Exchange

History

Dexus was listed on the Australian Securities Exchange in 1984 as the Deutsche Diversified Trust, followed by the Deutsche Industrial Trust in 1984 and the Deutsche Office Trust in 1998. In 2004, all three were stapled to form the DB Rreef Trust. In 2008 it was rebranded as the Dexus Property Group. On 27 March 2017, the company was rebranded to Dexus.

Timeline

2021

Dexus acquires APN Property Group

Completed the implementation of the Simplification of Dexus's corporate structure

Established a new healthcare platform relationship with Australian Unity

Developments completed at North Shore Health Hub in St Leonards, LOOP in Granville

Commenced development at Crossbank

2020
Dexus launches opportunity fund series

Dexus establishes new JV to acquire interest in Rialto Towers, Melbourne

Developments completed at 180-189 Flinders Street, Melbourne, 80 Collins Street in Melbourne and 12 Creek Street – The Annex, Brisbane

Commenced developments at Horizon 3023

2019

Dexus acquires the Australian operations of strategic workplace and change management consultancy Six Ideas

Dexus partners with Taronga Ventures on new real estate technology innovation platform

Completed developments at 100 Mount Street, North Sydney, 240 St Georges Terrace, Perth and Quarry at Greystanes.

Commenced developments at LOOP and Freeman Central

2018

Established a new circa $2 billion unlisted Australian logistics joint venture with GIC

Restocked the Group industrial development pipeline in core locations through $188 million of acquisitions with an end value of circa $700 million

Commenced developments at 180 Flinders Street, Melbourne and 12 Creek Street, Brisbane

2017

Dexus acquires $1bn of Sydney office buildings

Established a joint venture to launch a new listed property healthcare fund

2016

Prime office developments open at

5 Martin Place, Sydney, 480 Queen Street, Brisbane and Kings Square in Perth

Dexus and DWPF commence development at 100 Mount Street, North Sydney

2015

DXS successfully completed $480 million equity raising comprising $400 million fully underwritten institutional placement and approx. $80 million by way of a non-underwritten Security Purchase Plan (“SPP”)

Dexus and DWPF jointly acquire the Waterfront Place Complex in Brisbane for $635 million (excluding acquisition costs)

2014

Dexus forms the Dexus Industrial Partnership with the Future Fund

Dexus and Canada Pension Plan Investment Board take over CPA's $3.4 billion office portfolio

2013

Dexus secures $1 billion of Australian real estate on behalf of third party funds

Dexus and Canada Pension Plan Investment Board (Consortium) announces off-market takeover to acquire CPA

Dexus acquires a 14.9% economic interest in CPA

European portfolio sale completed

Dexus head office moves to Australia Square

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