Dexus Australia Logistics Trust spends $269.4m on six assets

Dexus will sell Lake Business Park South, near Sydney Airport, and five premium quality industrial assets in Melbourne’s Truganina, to Dexus Australia Logistics Trust – in which it controls 51 per cent. The $269.4 million deal reflects a 5.3pc passing yield. The portfolio of newly constructed properties is 91pc occupied with a weighted average lease

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Ford pre-commits to 8.8ha Mickleham distribution centre; landlords sell it to Dexus for $73.5m

EXCLUSIVE Ford Australia has pre-committed to an 8.8 hectare distribution centre at the Merrifield Business Park, in Melbourne’s north Mickleham. In a twist, the landlords immediately sold the asset to Dexus Australian Logistics Trust for $73.5 million. The car retailer will consolidate several spare parts operations out of Campbellfield, which is about 15 kilometres closer

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Dexus, Frasers approved to develop $2.5b office project at Sydney’s Central Station

Joint venture partners Dexus and Frasers Property Australia have won approval to build a $2.5 billion commercial complex beside Sydney’s Central Station. With this, the two-tower office proposal moves to the third stage of the NSW government’s Unsolicited Proposal (USP) process. As recently as this month the administration said it intends to use this fast-track

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Scalzo commits to HQ at Dexus’ Horizon 3023 industrial park

Food producer Scalzo is the first tenant to commit to the 127-hectare Horizon 3023 business park, in Melbourne’s west. Scalzo will occupy a 35,300 square metre purpose-built office/warehouse (artist’s impression, top and below) within the Ravenhall estate at 11-167 Palm Springs Road. The facility will include manufacturing, logistics and storage functions and a head office

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Dexus signs lease deals with Dunlop, Coles and Secon, in Melbourne

Dexus has secured three major tenants at is Foundation industrial estate in Truganina, west of Melbourne. Dunlop Flooring has leased a 9100 square metre property under construction at 380 Dohertys Road, which it will occupy as its headquarters and national distribution centre. This building will also contain a showroom. Supermarket giant Coles meanwhile, will occupy

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Dexus pays QIC $1.476 billion for high-profile Melbourne CBD corner

Dexus today confirmed it is paying Queensland Investment Corporation Global Real Estate $1.476 billion for four adjoining commercial investments in Melbourne’s Collins Street. The deal, reported by us and other media outlets in March as worth shy of $1.4 billion, comprises: The 47-storey former Nauru House office; A 35-level premium-grade office, which is under construction;

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Dexus snares QIC’s Collins Street portfolio for c$1.4 billion

Dexus is paying Queensland Investment Corporation close to $1.4 billion for three neighbouring commercial properties at one of Melbourne’s most valuable city corners. The Sydney-based REIT outmuscled Mirvac and a consortium comprising Charter Hall and Singapore’s GIC Real Estate for the assets, at the north-west intersection of Collins and Exhibition streets. Included in the deal

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Dexus spending $230 million to acquire two neighbouring offices in Melbourne’s Collins Street

Dexus is spending $230 million to acquire two neighbouring assets (outlined, top) at the eastern end of Melbourne’s Collins Street – with plans to build a new office complex. The Sydney-based fund manager and developer is paying the Reserve Bank of Australia $160 million for a 15-storey, 13,817 square metre office at 60 Collins Street,

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Dexus paying $188 million for three industrial sites on Australia’s east coast

Dexus is paying $188 million for three industrial development sites on Australia’s east coast. The biggest property by area, in Ravenhall, Melbourne, covers 127 hectares immediately south of Caroline Springs – a 19-year old suburb which shares a postcode with Deer Park. Some 26 kilometres west of the CBD, 11-167 Palm Springs Road will be

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