Settlement of Grosvenor Place, Sydney

2 December 2021

Settlement of Grosvenor Place, Sydney

Dexus today announced that it has settled on the sale of a 50% interest in Grosvenor Place, Sydney. The 50% interest comprises 25% owned by Dexus and 25% owned by the Dexus Office Partnership, in which Dexus holds a 50% interest.

The asset was sold for $925 million for the 50% interest, or $694 million for Dexus, with details relating to the transaction previously announced to the Australian Securities Exchange on 18 November 2020.

The net sale proceeds will initially be used to repay debt.

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