Dexus continues to focus its investment strategy on Australia’s major cities and in June 2017 announced the acquisition of $1.1 billion of Sydney office buildings, adding 65 new customers to the Dexus platform.
Dexus and Dexus Wholesale Property Fund jointly acquired a combined 50% interest in the MLC Centre for $722.5 million:
- Expanding Dexus’s footprint in the core Martin Place precinct
- Providing access to potential development and redevelopment opportunities in the medium term
Dexus also acquired a 100% interest in 100 Harris Street, Pyrmont for $327.5 million:
- Providing exposure to the growing Pyrmont office precinct
- Increasing exposure to customers in the growing technology sector
With these transactions Dexus has expanded its exposure to Sydney, Australia’s largest office market, broadening its customer base and identifying future opportunities to leverage its skills to unlock additional value and accelerate growth.
View more information on these properties.