Investor Presentaiton
Leveraging the integrated platform
Case study: Healthcare repositioning
NOOSA HOSPITAL
dexus
A compelling opportunity
› Investment thesis was
to reposition an existing
neighbourhood
centre to an institutional
grade healthcare asset
> Prime location within the
Noosa medical precinct
> Will provide
comprehensive range of
medical services
including cancer care,
GP, dental, medical
imaging and pharmacy
7,000sqm
Net lettable area
across 3 buildings
650m
From Noosa Hospital
+
Enabled by platform capability
› Asset acquired off-market leveraging existing
Dexus relationships
› Secured a global oncology provider (and existing
Dexus customer) as a long-term tenant during
due diligence
› Concurrently designed and underwrote a custom
radiation oncology bunker on-site to support
tenant operations
> Have subsequently secured planning permission
for the works and agreed a build contract
> Have continued to secure additional tenants,
with 87% of property income now secured
90 Goodchap Street, Noosaville, QLD
Unlocking unique and scarce opportunities
Case study: Jandakot off-market acquisition
52
A unique industrial
portfolio with scale
> 49 industrial assets
strategically located
to benefit from
structural tailwinds²
› 80 hectares of
developable land²
› Commercial airport
operating business
> Ability to activate
new opportunities
through real asset
and development
expertise
$1.3bn
Equity value¹
$790m
Development
underwrite2.3
Accessed via Dexus's
integrated platform
› Secured off-market utilising Dexus's
balance sheet strength
> Execution required co-ordinated
effort across multiple teams and
geographies through COVID
Ownership
Dexus
Industria REIT
33.3%
> Sold down a one-third interest to
Dexus Industria REIT (DXI) in a
transformation acquisition for the
33.4%
33.3%
fund
Dexus
Cbus
Super
› Sold down an additional one-third
interest to a new joint venture
investor on platform to preserve
capacity to fund other opportunities
1. Gross price paid.
2. At time of acquisition.
3. Total development pipeline relating to 100% of the asset value.
30
2023 Dexus Investor Day
dexus
Jandakot Airport and industrial precinct, WAView entire presentation