9 March 2017
DWPF’s $250 million equity offer fully subscribed
Dexus Wholesale Property Fund (DWPF or the Fund) today announced that its $250 million equity offer has been fully subscribed, continuing strong interest from existing and potential investors.
DWPF Fund Manager, Michael Sheffield said: “We are pleased to be able to provide existing unitholders with the opportunity to increase their investment in DWPF, and welcome a new investor to the Fund. We continue to receive a high level of interest from investors seeking to enter the Fund.
“DWPF has established a strong track record of delivering on its investment objectives through selective acquisitions and divestments, an active leasing and asset management approach, and activating opportunities in its development pipeline which position DWPF for continued outperformance.”
DWPF remains in a strong position to execute its development pipeline, with six projects underway across the retail and office sectors, while maintaining the Fund’s preferred gearing range.
For further information please contact:
T: +61 2 9017 1446
M: 0403 260 754
T: +61 2 9017 1305
M: +61 417 062 866