7 November 2016
Settlement of initial tranche of Southgate Complex, Melbourne
Dexus (Dexus) today announced that it has settled on the sale of the initial 50% tranche of Southgate Complex, Melbourne.
Sale proceeds will initially be used to repay debt and will progressively fund projects in Dexus’s pipeline of development opportunities.
The transaction was previously announced to the Australian Securities Exchange on 8 August 2016 and the remaining 50% tranche is expected to settle after 31 July 2017.