10 December 2018
Settlement of industrial acquisition
Dexus today announces that Dexus Australia Logistics Trust (“DALT”) and Dexus Wholesale Property Fund (“DWPF”) have settled on the acquisition of the land development parcel at 11-167 Palm Springs Road, Ravenhall, Victoria (“Ravenhall”)1.
DALT’s 50% interest of Ravenhall sits within its seed development portfolio2 alongside two other land development parcels:
• 100% interest of 54 Ferndell Street, South Granville, NSW (settled November 2018)
• 100% interest of 425 Freeman Road, Richlands, QLD (expected to settle in early 2019)
Details relating to the transaction were previously announced to the Australian Securities Exchange (ASX) on 14 August 2018.
1. DALT and DWPF each hold a 50% interest in Ravenhall.
2. GIC holds a 49% interest and Dexus holds a 51% interest in the seed development portfolio.