22 June 2018
Settlement of 140 George Street, Parramatta
Dexus today announced that it had settled on the sale of the trading opportunity at 140 George Street, Parramatta to the Dexus Office Partnership1.
Dexus had previously announced on 1 May 2018 that it had entered into conditional heads of agreement for the sale of the site.
The trading profits from the sale, when combined with the trading profits received from 105 Phillip Street Parramatta, will achieve Dexus’s FY18 target of $35-40 million post tax.
Further information relating to Dexus’s final trading profits secured for FY18 and targeted trading profits for FY19 will be released to the Australian Securities Exchange as part of Dexus’s FY18 annual results announcement on 15 August 2018.
1. Dexus owns a 50% interest of the Dexus Office Partnership.