27 Apr 2022

Dexus agrees to acquire Collimate real estate and domestic infrastructure equity business

27 April 2022

Dexus agrees to acquire Collimate’s real estate and domestic infrastructure equity business

Dexus is pleased to announce that it has entered into a Share Sale and Purchase Agreement (“SPA”) with Collimate Capital Limited (“Collimate”), a wholly owned subsidiary of AMP Limited, to acquire Collimate’s real estate and domestic infrastructure equity business (the “Transaction”). The consideration comprises a $250 million upfront cash payment and earn out consideration of up to $300 million1, which is subject to a range of factors including successful transition of assets under management (“AUM”) and will be finally assessed nine months following completion of the Transaction.

In addition, Dexus will offer to acquire co-investment stakes in the platform for total cash consideration of up to approximately $450 million2, subject to discussions with investors, pre-emptive rights processes and relevant consents.

 

 

Contacts

Rowena Causley

Head of Listed Investor Relations

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