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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Dexus Paying REST $60 Million For Sydney CBD Office

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.

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Dexus Proposes Major New Little Collins Street Office, Melbourne

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.

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Dexus Paying More Than $200m For Industrial Property Portfolio

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.

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Dexus Buys Ingleburn Factory, Sydney, For $23.5 Million

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.

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Dexus Close to Selling 343 George Street

343 George Street SydneyDEXUS 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.

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