Waterfront Brisbane

Waterfront Brisbane is a $2.5 billion city-shaping development that will transform the former site of Eagle Street Pier into a global-standard business and tourist destination. The project has incorporated circular economy principles and is achieving new sustainability benchmarks in recycling and re-use.

Waterfront Brisbane comprises two new office towers, a vibrant riverfront retail precinct, expanded public space including the widening of the riverwalk, and the recently opened destination dining experience at the refurbished Naldham House.  

Working in partnership with our builder, the project is targeting the removal of 25,000 tonnes of waste material at development completion and has set a new industry benchmark, achieving a 98% recycling rate for all construction and demolition waste from the site to date.

We have partnered with leading Queensland waste recycling and recovery company, Rino Recycling, to reclaim construction and demolition waste and refine it in their world-first facility. At Waterfront Brisbane, waste concrete is washed, crushed and converted into new building material for civil and construction projects, including at Dexus’s new industrial estate, Crossbank at Hemmant.  

 
We have also partnered with Australian research design and manufacturing studio, Five Mile Radius, to create furniture and architectural elements manufactured entirely from recycled construction material from the Waterfront Brisbane site for use in the public realm. 

With a focus on re-use, the development team has found a new home for Eagle Street Pier’s commercial kitchen equipment and fixtures. Dining tables and chairs, light fittings, artwork and plants from the Pier’s hospitality operations have been repurposed to Peggy Place, Queensland's largest shelter for women and children fleeing domestic violence.

Atlassian Central 

Atlassian Central will anchor Sydney’s technology and innovation precinct, known as Tech Central, and will be the new Australian headquarters of global tech firm, Atlassian. The world-leading design will be a catalyst for change, setting a new standard in sustainability and workplaces globally. 

Atlassian Central will be the world’s tallest hybrid timber and steel building. The project comprises a 39-level Premium grade office tower with retail amenities and a new YHA hotel at its base, as well as a new integrated public realm connecting to Central Station.  
 
The building features innovative design principles including a striking timber design with a glass and steel exoskeleton façade, and an operable façade which will create distinct high-rise habitats featuring internal and external spaces and abundance of natural light and ventilation.

Atlassian Central will push the boundaries of sustainable commercial buildings with ambitious sustainability targets. It will have half the embodied carbon of a conventional equivalent in its construction, consume half the normal energy during its operation and be fully powered by renewable energy. The tower will feature an electricity-generating façade system with self-shade capabilities to reduce direct heat gain and mass timber construction, significantly lowering the building’s embodied carbon footprint.

This year, we unveiled the public artworks within Atlassian Central. Indigenous Australian, Brooke Andrews, and Korean Australian, Soo Sunny Park, were selected from more than one hundred Australian and International artists considered for the public art component at Atlassian Central. The artworks capture and acknowledge the heritage of the site and its importance in the transition of the precinct to an innovative and sustainable future.  
 
Construction of Atlassian Central is on track for completion in late 2026.

Tribe/Wear it Purple

Since its inception in 2019, Tribe has been a force for inclusion, driving initiatives to make our workplace inclusive and supportive of LGBTQ+ colleagues. This year Dexus was recognised as an inclusive employer of choice, achieving Silver Employee Status on the Australian Workplace Equity Index, the national benchmark on LGBTQ+ workplace inclusion.  
 
In FY24, Tribe focused on employee education and awareness. Promoting language inclusivity, we introduced an option for our people to display their preferred pronouns in e-signatures. We launched Foundations of LGBTQ+ inclusion training across the workforce, making donation to Wear It Purple of $100 for every employee who completed the training. Our Talent and Acquisition team has been equipped with additional training and resources to support them in their recruitment practices. 

To further raise awareness of inclusion, Tribe hosted its annual Wear It Purple event dedicated to supporting LGBTQ+ youth globally. People turned out in people to celebrate inclusion, promote visibility and show their commitment to acceptance and equality. We were honoured to host Brenna Harding, Wear It Purple Board Director and Vice President, who shared insights into the organisation's work through the year. This event raised funds for Wear to Purple while encouraging learning from our employees’ lived experiences.

These achievements, combined, demonstrate our commitment to fostering an inclusive workplace where everyone feels valued and respected. 

FLIP - Property Council of Australia Girls in Property

We continue to support opportunities to improve gender diversity in the property sector through our Future Leaders in Property (FLIP) program and partnering with the Property Council of Australia on the Girls in Property initiative.

FLIP is a Dexus initiative designed to nurture the potential of young women across Australia, providing them with a unique insight into the multifaceted world of real estate. This year we ran the FLIP program at our Waterfront Brisbane development. Participants were given a behind the scenes look at the planning process, guided by the women who are helping to deliver this city-shaping development. 

Girls in Property is an industry-wide initiative which raises awareness among high school students of the various career paths available across the property industry. This year we hosted 40 girls at our Sydney headquarters at Quay Quarter Tower, providing a tour of the award-winning building and giving insights into the roles that helped deliver the project.  
 
Improving gender diversity in our workforce and across the property industry remains a focus. We believe that diversity promotes better decision making and is a catalyst for innovation, growth, and sustainable success.

Dexus mentoring program

This year we piloted the Dexus Mentoring Program, connecting mentees with mentors across different teams to support career progression at Dexus. 

The Dexus Mentoring Program was initiated following the feedback received in our engagement surveys which identified career progression and role opportunity as key performance drivers for our people. 

The pilot attracted 40 participants who were interested in this unique opportunity for connection and growth. The program enabled participants to share diverse perspectives and enhance positive connections across functions and teams, while providing real-time support for mentees and workshops that give guidance at every step. 

Following positive feedback from both mentors and mentees, the Dexus Mentoring Program will be embedded as a people development initiative in FY25.

Mental Health and Wellbeing

Customer prosperity is not only supported through the creation of high-quality assets and experiences, it also fostered by cultivating workplaces that prioritise productivity and wellbeing. 

Our commitment to nurture the mental health and resilience of our people extends to the wellbeing of our delivery partners and customers. To support this, this year forged strategic partnerships to  implement mental health initiatives across our industrial precincts. 
 
Partnering with MATES in Construction, a charity established in 2008 to reduce the high level of suicide among Australian construction workers, we provided community development programs at our industrial development sites.  

We collaborated with Coles, a customer at Dexus Industrial Estate in Truganina, to raise awareness of mental health through a joint initiative, Healthy Heads Road Show across the estate. This initiative served as a powerful platform to promote mental health awareness among transport, warehousing, and logistics sector customers. 
 
At our industrial estate Horizon 3023 Ravenhall, we observed R U OK? Day with an industry-specific event, ‘R U OK? In Trucks & Shed Day’. The theme for this year, ‘Ask R U OK? - no qualifications needed’, underscored the importance of genuine, authentic conversations. It reminded our customers’ employees that anyone can make a positive impact by checking in with a colleague or friend, regardless of formal qualification.  
 
We aim to dismantle the stigma around mental health and foster a supportive work environment through tailored resources and meaningful connections, and are proud to work closely with other organisations that prioritise mental health.

Bayfair Shopping Centre

Bayfair Shopping Centre has been recognised as the most sustainable shopping centre in New Zealand, achieving a 4-Star Green Star performance rating by the New Zealand Green Building Council. This achievement underscores our commitment to sustainable management practices and innovative strategies aimed at reducing our environmental impact.  

We implemented several initiatives to achieve this rating including:

• promoting alternative transportation, including ridesharing, EV charging stations for vehicles and end-of-trip facilities for cyclists. A customer initiative, ‘Wednesday Challenge’, incentivised shoppers to choose sustainable modes of transport over cars 
• a new approach to waste management, replacing the bins in the 440-seat food court with a waste collection service that resulted in a 56% diversion of waste to landfill rate 
• an Environmental Management System plan ensuring environmental responsibility at every level, including use of non-hazardous cleaning products, regular procurement audits and staff training to ensure staff members are well-versed in sustainable procurement policies.
  
  

With the support of the joint owners, Dexus Wholesale Shopping Centre Fund and Fisher Funds, Bayfair is leading the way for a more environmentally responsible future. 

Fundraising for Cerebral Palsy Alliance & Daffodil Day

We value the partnerships we have with our community charities to create social value and connection with employees and customers across our platform. 

As a national charity partner of Cerebral Palsy Alliance, we participated in two events in FY24 alongside our people, customers and suppliers. 
 
More than 120,000 people from 2,400 organisations across Australia participated in the annual STEPtember challenge in 2024, including more than 330 Dexus people and customers. Our team took more than 70 million steps, raising $37,400 for Cerebral Palsy Alliance.

This year’s Krazy Kosci Klimb saw a team of Dexus volunteers accompany Louis, alongside his family and friends, on an 18.6 kilometre round trip to Australia’s highest point, Mount Kosciusko. The event raised funds for Cerebral Palsy Alliance, with donations helping to fund sporting camps for young people living with a disability.   

Heralding the arrival of spring with an extraordinary display of 20,000 yellow flowers, the Daffodil Day activation at Rialto in Melbourne raised funds and awareness for Cancer Council’s mission.  Customers showed their support by purchasing bunches of daffodils, with all sale proceeds donated to the Cancer Council’s Daffodil Day Appeal to fund life-saving cancer research for people with cancer.

RAP launch

As a real asset group managing assets across Australia, we are in a unique position to work with our First Nations partners, customers and communities to advance our vision for reconciliation across all our assets. Our commitment to reconciliation is reflected in our Reflect Reconciliation Action Plan (RAP). 

This year we launched a new RAP, outlining how we will strengthen relationships, respect and opportunities with Aboriginal and Torres Strait Islander Peoples. The refreshed document continues to build on our existing achievements and provides the opportunity to align with our new purpose, values and core business, and prioritises areas of impact. Our RAP will be a living document that will guide us on this next stage of our journey.

As part of our vision, we have identified three areas aligned to our sustainability priorities where we believe we can create the greatest impact working with our First Nations partners. These are:

• Customer Prosperity: Engaging with our customers to support their RAP journeys, providing practical support for tenant initiatives within our assets, sharing our knowledge and connecting with our partners
• Climate Action: Supporting the Indigenous carbon industry through carbon offsets that are Indigenous-led, innovative, and support healthy country and better livelihoods for First Nations peoples
• Enhancing communities: Acknowledging and partnering with Indigenous peoples across our assets to activate our spaces that ensure our assets are accessible and reflective of the communities in which they operate. Underpinning our vision is a specific commitment to education and acknowledging the past, recognising the present, and taking action towards a better future.