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)
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.
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Information and Explanation of the Issuer to this News:
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
|Company:||Dexus Finance Pty Limited|
|264 George Street|
|Phone:||+61 2 9017 1100|
|Fax:||+61 2 9017 1101|
|Listed:||Regulated Unofficial Market in Frankfurt|
|EQS News ID:||910161|
|End of Announcement||DGAP News Service|
910161 12-Nov-2019 CET/CEST