Settlement of 12 Creek Street Brisbane

31 March 2021

Settlement of 12 Creek Street Brisbane

Dexus announces that it has settled on the sale of 12 Creek Street, Brisbane, in which it owned a 50% interest, with Dexus Wholesale Property Fund (DWPF) having owned the remaining 50% interest.

The asset was sold for $391 million¹, with detail relating to the transaction previously announced to the Australian Securities Exchange on 23 February 2022.

Dexus’s net sale proceeds will initially be used to repay debt.

Footnotes:

1 Reflects net sale price (Dexus 50%, DWPF 50%) and excludes transaction costs.