23 Dec 2021

Sale of 140 & 150 George Street, Parramatta

23 December 2021

Sale of 140 & 150 George Street, Parramatta

Dexus announces that the Dexus Office Partnership in which Dexus has a 50% interest has exchanged contracts to sell its 100% interest in 140 & 150 George Street, Parramatta.

The sale will realise proceeds of $154 million1, with net sale proceeds initially being used to repay debt.

150 George Street is a 21,964 square metre, A-Grade office building located in the Parramatta CBD. The property has become vacant in the past month following the known departure of the Commonwealth Bank of Australia. 140 George Street is an adjacent 2,271 square metre site.

The sale was the result of an unsolicited off-market offer, and settlement is expected in August 2022.

Authorised by Brett Cameron, General Counsel and Company Secretary of Dexus Funds Management Limited

1 Reflects total sale proceeds to Dexus Office Partnership (in which Dexus has a 50% interest) and excludes transaction costs.



Rowena Causley

Head of Listed Investor Relations

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