Dexus Real Estate Partnership Series
Institutional and Wholesale Investors
Opportunistic investing
Dexus Real Estate Partnership Series 2 (DREP2) is the only opportunistic fund embedded within a fully integrated real estate platform focused on the Australian market.
A closed-end fund targeting unlisted Australian real estate opportunities, DREP2 is the second in the DREP fund series, following DREP1 which launched in 2021.
The Fund aims to deliver enhanced returns from investment in Australian real estate sector opportunities, investing throughout the capital structure in situations ranging from distress to growth, with potential diversification across the major sub-sectors of the Australian real estate market.
Crucial to delivering on this objective, the Fund’s positioning is to compete for investment opportunities in the Australian market, as a provider of both capital and capability, drawing upon Dexus’s large-scale, integrated real estate platform.
Key benefits of DREP2
From dislocation, opportunity arises
DREP2 aims to leverage current market conditions and invest in the most attractive risk-adjusted opportunities, regardless of sector.
Aims to deliver enhanced returns
The Fund has a target return of 15% per annum (net equity IRR¹) and can invest throughout the capital structure in situations ranging from distress to growth.
Strong trading track record
Dexus has a depth of enhanced return experience through a combination of reposition to sell, develop to sell and higher value use strategies.
Platform strength and scale
Dexus's integrated real asset platform offers core asset capital transactions and asset management expertise, supported by extensive access to market information, acquisition and leasing deal flow.
What are the risks?
Risks specific to property include illiquidity, as well as the risks of investing in property markets. Also, risks specific to credit/debt investments, including borrower default. In addition, more general risks for the fund such as risks associated with interest rates, gearing and the cost of debt, derivatives, reliance on key service providers investment management, co-ownership of assets, property development, fluctuations in rental income, rental demand and fund/trustee termination risks.
Prospective investors should refer to the Private Placement Memorandum (which can be obtained by contacting us) and consider factors relating to investment risks. As a result of risk factors, as well as other risks inherent in any investment, an investment in the fund is not appropriate for all investors. There can be no assurance that the fund will meet its investment objective or that investors will receive a return of their capital. Prospective investors should consult with their own advisers before deciding to invest in the fund,
A partnership with Dexus
With four decades of expertise in real estate and infrastructure investment, funds management, asset management and development, Dexus has a proven track record in delivering for investors.
Today we manage a high-quality Australasian real assets valued at $53.4 billion, with a $15.6 billion development pipeline providing the opportunity to both grow portfolios and enhance future returns.
Through our active approach to management and investing, we are positioned to drive long-term performance for our investors and capital partners across Office, Industrial, Retail and Growth Markets, which includes Infrastructure, Healthcare, Alternatives and incubates new sectors and strategies.
Real asset investing
From wind farms, airports and student accommodation to industrial warehouses and shopping centres, Dexus's accessible and diverse range of investment options provide investors with direct exposure to quality Australasian real estate and infrastructure assets. Our focus on owning and actively managing a range of real assets like these, provide real diversification benefits and with less volatility than equities, enhances risk-adjusted returns for income-oriented investment portfolios.
Key contacts
Natalie Tan
Head of Institutional Capital
E natalie.tan@dexus.com
P +61 2 9017 1192
How can we help?
Disclaimers and notes
All information on this website is subject to change without notice. While every care has been taken in the preparation of this information contained in this website, to the extent permitted by law, (Dexus: DXS), each of its related body corporates and their respective director, officers and employees, do not make any representation, express or implied, as to the accuracy, currency, reliability or completeness of any statement in it including without limitation, any forecasts. This content has been prepared for the purpose of providing general information only, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of the information on this website, and seek professional advice, having regard to their objectives, financial situation and needs. The information contained on this website should not be considered to be comprehensive or to comprise all the information which a potential investor may require in order to determine whether to invest in a Dexus fund. This content is not intended for distribution or use in any jurisdiction where it would be contrary to applicable laws, regulations or directives and does not constitute a recommendation, offer, solicitation or invitation to invest.
Photographs, artists’ impressions and details of properties contained in this document should not be interpreted as being owned by DREP2. In particular, images of DREP1 investments and other information regarding DREP1 investments have been included for illustrative purposes only.
The Core Property rating (assigned in December 2023) presented in this document has been prepared and issued by Core Property Research Pty Ltd (“Core Property”), which is an Authorised Representative ASIC number 1280479 of Core Property Research Holdings Pty Ltd (ACN 633 170 751, AFS License No. 518320) (Licensee), and trading as Core Property. Whilst the information contained in the report has been prepared with all reasonable care from sources that Core Property believes are reliable, no responsibility or liability is accepted by Core Property for any errors, omissions or misstatements however caused. Past performance information is for illustrative purposes only and is not indicative of future performance. The Core Property publication is not and should not be construed as, an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Any opinion contained in the Report is unsolicited general information only. Neither Core Property nor the Participant is aware that any recipient intends to rely on this Report or of the manner in which a recipient intends to use it. To access the full report, please visit www.coreprop.com.au. The rating is subject to change without notice and Core Property assumes no obligation to update the report.
1. The target return is not a guarantee, forecast or prediction. There can be no assurance that the Fund will meet its target return.