12 Nov 2019

Settlement of first tranche of 201 Elizabeth Street Sydney

12 November 2019

Settlement of first tranche of 201 Elizabeth Street Sydney

Dexus announces that it has settled on the sale of its initial 25% interest in 201 Elizabeth Street, Sydney.

Details relating to the transaction were previously announced to the Australian Securities Exchange (ASX) on 9 August 2019.

Dexus has secured circa $34 million (pre-tax) of FY20 trading profits through the sale of this tranche.

As previously announced, Dexus has also entered into a put and call option to sell its remaining 25% interest in late 2020. The sale is expected to contribute a further circa $34 million in pre-tax trading profits in FY21 in the event either option is exercised.

 


 

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