History
In 2004 the trusts that comprise Dexus were stapled to form DB RREEF Trust with the Group also acquiring 50% of the management rights from Deutsche Bank at that time. In 2008, DB RREEF Trust was rebranded to Dexus and the remaining management rights were acquired from Deutsche Bank, creating an internally managed vehicle.
During this journey we have established a Group that invests solely in Australia, with a focus on quality CBD office properties and a significant third party funds management platform, and trading business. Below is a timeline of some of our key events.
2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2006 2004 2001 1998 1984
2017
- Dexus acquires $1bn of Sydney office buildings
- Established a joint venture to launch a new listed property healthcare fund
2016
- Prime office developments open at 5 Martin Place, Sydney, 480 Queen Street, Brisbane and Kings Square in Perth
- Dexus and DWPF commence development at 100 Mount Street, North Sydney
2015
- DXS successfully completed $480 million equity raising comprising $400 million fully underwritten institutional placement and approx. $80 million by way of a non-underwritten Security Purchase Plan (“SPP”)
- Dexus and DWPF jointly acquire the Waterfront Place Complex in Brisbane for $635 million (excluding acquisition costs)
2014
- Dexus forms the Dexus Industrial Partnership with the Future Fund
- Dexus and Canada Pension Plan Investment Board take over CPA's $3.4 billion office portfolio
2013
- Dexus secures $1 billion of Australian real estate on behalf of third party funds
- Dexus and Canada Pension Plan Investment Board (Consortium) announces off-market takeover to acquire CPA
- Dexus acquires a 14.9% economic interest in CPA
- European portfolio sale completed
- Dexus head office moves to Australia Square
2012
- Dexus reinvests US industrial portfolio sale proceeds into Australian office markets
- US industrial portfolio sale completed
- New strategy, structure and remuneration framework announced
- US central portfolio sale completed
- RENTS is repurchased
- New CEO commences
2011
Completed 6 Star Green Star developments at 1 Bligh Street, Sydney and 123 Albert Street, Brisbane
2010
Dexus opens US office in Newport Beach, California
2009
First recognised as one of the Global 100 Most Sustainable Corporations at Davos, Switzerland
2008
DB RREEF rebrands to Dexus and acquires Deutsche Bank's 50% interest
2006
Obtained Standard & Poor's long-term corporate credit rating of BBB+
2004
- Completed 30 The Bond, Australia's first 5 Star Green Star office building
- DDF, DIT, DOT stapled to form DB RREEF Trust
2001
The Group acquires DWPF management rights
1998
Deutsche Office Trust (DOT) lists on the ASX
1984
- Deutsche Industrial Trust (DIT) lists on the ASX
- Deutsche Diversified Trust (DDF) lists on the Australian Stock Exchange (ASX)