Dexus repositioned two business parks in Rosebery to deliver a trading profit.

Dexus approach

  • Dexus held two business park properties in Rosebery1, conveniently located close to Southern Cross Drive, the Eastern Distributor and Sydney airport
  • Dexus negotiated with local planning authorities to extend the Local Environmental Plan and conducted packaging activities which involved commencing residential development plans and joint venture discussions
  • The Rosebery properties were perceived as high value, low risk developments as they were located in a strong and established residential market, the development approval risk was minimal and the vacant possession risk was acceptable

Value created

  • Sold the properties with limited risk and requiring no additional capital, delivering trading profits in FY15 and FY16
1. 5-13 Rosebery Avenue and 25-55 Rothschild Avenue, Rosebery.