Lakes Business Park South, Botany


  • Dexus acquired Lakes Business Park in January 2015, comprising two adjoining sites located in southern Sydney 
    • Northern site comprising 70% of net property income to be actively managed
    • Southern site comprising 30% of net property income acquired as part of inventory for future trading opportunity and held in the trading trust 
  • The site had potential for:
    • Superior rental growth in the medium term due to constrained supply and competing land use interests in the area 
    • Unlocking value through mixed use re-zoning of Southern site


  • Dexus obtained Council and community support for a rezoning planning proposal for a mixed use complex on the Southern site, providing up to 54,900 square metres of residential floor space 
  • Dexus actively leased the Northern site, securing 19 leases across 11,323 square metres in FY16

As at 30 June 2016.