Hub Australia has leased its fourth Melbourne premises and eighth nationally. The co-work office provider has committed to space on levels two, three and seven at Dexus’ Ball and Welch development – a 20,000 square metre project incorporating a historic building at 180 Flinders Street, and 189 Flinders Lane, due for completion in six months.Read more
Dexus today announced it has secured Herbert Smith Freehills as a major tenant at its 80 Collins Street South Tower, a Premium-grade office skyscraper under construction and due for completion in mid-2020. HSF has committed to 10,300 square metres across eight floors (levels 21-28) for a 12-year term commencing on July 1, 2021. It isRead more
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 officeRead more
Fusion restaurant Rico Bar & Dining will move into the Brisbane premises recently vacated by Matt Moran’s Aria bar. Rico Bar & Dining expects to be trading within the Eagle Street Pier restaurant precinct (pictured, top) in October, following a flash fit-out. Eagle Street Pier is owned by Dexus and Dexus Wholesale Property Fund. DexusRead more
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 occupyRead more
V/Line will relocate its Melbourne headquarters from Docklands to 452 Flinders Street, in the CBD. The rail operator has signed a lease for 5972 square metres within the Dexus-owned building, between the Flinders Street and Southern Cross train stations. V/Line will relocate from the GPT-owned 750 Collins Street. Colliers International’s Zak Seccull, Andrew Beasley andRead more
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;Read more
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 dealRead more
Dunlop Flooring has signed a seven-year lease deal for a purpose-built warehouse in Melbourne’s west. The Prime-grade quality investment (artist’s impression, top), which is speculated will have an end value of more than $13 million once complete, includes 9100 square metres of area. Dunlop Flooring is understood to be paying face rent of $84 perRead more
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,Read more
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 beRead more
Sydney based property development giant and landlord Dexus has appointed former Attorney General of Australia Nicola Roxon to the board of Dexus Funds Management Limited (DXFM). The independent director role is effective from September 1, Dexus said in this statement. Ms Roxon will also stand for election at Dexus’ 2017 Annual General Meeting, in October.Read more
SUPERANNUATION fund REST is believed to be close to selling a Sydney CBD office building to Dexus Property Goup for $60 million.
The 19-level, 10,896 square metre office at 50 Carrington Street (pictured, right) overlooks Wynyard Park and includes ground floor retail space.
Nine tenants lease the building which is about 25 per cent vacant. REST purchased the building from British Property Giant MEPC in 1998 as part of a portfolio.
SYDNEY-based fund manager Dexus Property Group has lodged plans to build a 15-level, 25,000 square metre office building on a forecourt behind its prominent 360 Collins Street office tower in the Melbourne CBD – near the popular Zuffa cafe (pictured).
The proposed new development would be bound by Little Collins Street, Briscoe Lane, and Collins Way, and its office occupants would stare down the McKillop Street restaurant and retail strip.
It could go some way to putting Little Collins Street “on the map” as a major corporate boulevard like part-namesake Collins Street.Read more
DEXUS Wholesale Property Fund is reportedly paying more than $200 million for a portfolio of industrial assets.
Dexus is understood to be buying the bulk of the Colonial First State Global Asset Management portfolio whcih was listed for sale in June.
The sale includes the Myer distribution complex in Altona, Melbourne, and the DHL facility in Eastern Creek, Sydney according to report.Read more
DEXUS Wholesale Property Fund has paid $23.5 million for a major warehouse in Sydney’s Ingleburn. The 25,807 square metre Williamsons Road warehouse is leased to Colgate Palmolive and sold on a 10.3 per cent passing yield. Colgate uses the facility as a storage and distribution centre, according to the AFR which reported the off-market sale.Read more
DEXUS Property Group is believed to have found a buyer for its 343 George Street office building, in the Sydney CBD.
A private investor is understood to be in exclusive due diligence to buy the heritage listed 11-storey building for more than $50 million. The negotiation may explain why a public campaign to sell the ASX building at 20 Bridge Street, has been delayed two weeks. That building was expected to sell for about $170 million.Read more
MAB Corporation and Dexus Property Group distributed awards to real estate agents this month.Read more
DEXUS Property Group today announced it has expanded its Executive Committee and reorganised its management structure with three new appointments representing its three property sectors:Read more
DB RREEF Trust (ASX: DRT) today announced it had acquired Deutsche Bank’s 50% interest in its management company, DB RREEF Funds Management Ltd, and rebranded to DEXUS Property Group.Read more