Corporate Action: Do Not Subscribe to Dexus’ Share Purchase Plan. FVE Increases to AUD 11.00
Narrow-moat-rated Dexus Property, in conjunction with the Dexus Wholesale Property Fund, or DWPF, have agreed to acquire a mixed-use CBD precinct in Melbourne for AUD 1.476 billion. Dexus will own 75% and DWPF the 25% balance of the site at 80 Collins Street Melbourne comprising the existing tower, a new south tower, a retail podium, and a 255 room hotel. To fund the purchase, Dexus is undertaking an underwritten AUD 900 million institutional placement at AUD 12.10 per security and a non-underwr...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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