36 years embedded in Australian property

A proud history shaping Australian cities

Dexus history traces back to Deutsche Bank which externally managed several property trusts from 1984 - 2004.
In 2004, the trusts that comprise Dexus were stapled to form DB RREEF Trust with the Group also acquiring 50% of the management rights from Deutsche Bank at that time. In 2008, DB RREEF Trust was rebranded to Dexus, and the remaining management rights were acquired from Deutsche Bank, creating an internally managed vehicle.

During this journey we have established a Group that invests solely in Australia, with a focus on quality CBD office properties and a significant third party funds management platform, and trading business. Below is a timeline of some of our key events.


  • Established a new circa $2 billion unlisted Australian logistics joint venture with GIC
  • Restocked the Group industrial development pipeline in core locations through $188 million of acquisitions with an end value of circa $700 million
  • Commenced developments at 180 Flinders Street, Melbourne and 12 Creek Street, Brisbane 



  • Dexus acquires $1bn of Sydney office buildings
  • Established a joint venture to launch a new listed property healthcare fund


  • Prime office developments open at
    5 Martin Place, Sydney, 480 Queen Street, Brisbane and Kings Square in Perth
  • Dexus and DWPF commence development at 100 Mount Street, North Sydney


  • DXS successfully completed $480 million equity raising comprising $400 million fully underwritten institutional placement and approx. $80 million by way of a non-underwritten Security Purchase Plan (“SPP”)
  • Dexus and DWPF jointly acquire the Waterfront Place Complex in Brisbane for $635 million (excluding acquisition costs)



  • Dexus forms the Dexus Industrial Partnership with the Future Fund
  • Dexus and Canada Pension Plan Investment Board take over CPA's $3.4 billion office portfolio



  • Dexus secures $1 billion of Australian real estate on behalf of third party funds
  • Dexus and Canada Pension Plan Investment Board (Consortium) announces off-market takeover to acquire CPA
  • Dexus acquires a 14.9% economic interest in CPA
  • European portfolio sale completed
  • Dexus head office moves to Australia Square


2010 - 2012

  • 2010 - Dexus opens US office in Newport Beach, California
  • 2011 - Completed 6-Star Green Star developments at 1 Bligh Street, Sydney and 123 Albert Street, Brisbane
  • 2012 - Dexus reinvests US industrial portfolio sale proceeds into Australian office markets
  • 2012 - US industrial portfolio sale completed
  • 2012 - New strategy, structure and remuneration framework announced
  • 2012 - US central portfolio sale completed
  • 2012 - New CEO commences

2004 - 2009

  • 2004 - Completed 30 The Bond, Australia's first 5-Star Green Star office building
  • 2004 - DDF, DIT, DOT stapled to form DB RREEF Trust
  • 2006 - Obtained Standard & Poor's long-term corporate credit rating of BBB+

1984 - 2001

  • 1984 - Deutsche Industrial Trust (DIT) lists on the ASX
  • 1984 - Deutsche Diversified Trust (DDF) lists on the Australian Stock Exchange (ASX)
  • 1998 - Deutsche Office Trust (DOT) lists on the ASX
  • 2001 - The Group aquires DWPF management rights

Future focus

Dexus has a strong development capability with a proven track record and a $11.4 billion development pipeline. We have delivered approximately $3.2 billion of core office and retail developments since 2011, with a focus on quality, sustainability and returns

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