Moody's comments on DEXUS Property Group's announcement
Announcement: Moody's comments on DEXUS Property Group's announcement. Global Credit Research- 21 Jun 2017. Sydney, June 21, 2017-- Moody's Investors Service says that DEXUS Property Group's announcement on 21 June that it has entered into agreements or is in due diligence to acquire assets with an aggregate value of AUD739 million plus acquisition costs and, at the same time, that it in undertaking a fully underwritten institutional placement and non-underwritten Security...Dexus Property Group owns, manages and develops real estate assets and manages real estate funds on behalf of third party investors. Co.'s operating segments include: office, which comprises domestic office space with any associated retail space, as well as car parks and office developments; industrial, which comprises domestic industrial properties, industrial estates and industrial developments; property management, which comprises property management services for third party clients and owned assets; funds management, which comprises funds management of third party client assets; development and trading, which involves its development and inventory: and all other segments.
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