Investor Presentaiton
Fund manager of choice
Delivering value through
sustainability leadership
GRESB platform achievements
Commitment to performance attracts
interest from diverse pools of capital
Institutional
(88% of investor base)
Number of unlisted institutional investors
DWPF recognised as regional sector leader
Investment and development benchmarks
112
77
85
Delivering
fund
performance
is a key
enabler of our
success
DHPF recognised as global non-listed
sector leader
Development benchmark.
DWPF, DHPF, DWSF, DOTA received
5 Star rating¹
30
130+
2/3 of our top 30
capital partners
invested across
multiple vehicles
2020
2021
2022 2023
Zenith
Retail and high net worth
(12% of investor base)
Well-regarded by researchers
Recommended
Zenith
Retained full score of 30 in the
'Management' component for all funds
Finalist in the 2023
Zenith Investment
Partners Fund
Awards under the
Real Asset category
Funds with 'recommended' rating:
>Dexus Wholesale Australian Property Fund
>Dexus Core Property Fund
Dexus AREIT Fund
>Dexus Core Infrastructure Fund (Zenith only)
1. These funds refer to Dexus Wholesale Property Fund (DWPF), Dexus Healthcare Property Fund (DHPF), Dexus Wholesale Shopping Centre Fund
(DWSF) and Dexus Office Partnership (DOTA)
Spotlight - DWPF/ADPF merger
Investor-led transaction executed by leveraging the
unique Dexus capability to unlock benefits for all investors
Premier diversified
real estate fund
› Combined fund with
enhanced scale while
retaining high-quality and
target sector weightings
› Significant diversification
of investor base,
providing potential to
increase future liquidity
prospects
› Strong support with
both sets of investors
voting in favour
following independent
approval processes
c.$16bn
Gross asset
value
20+
ADPF investors
onboarded
Voted in
favour
Unique execution capability
of the Dexus platform
› Executed large asset
sale program across
sectors to provide
liquidity for exiting ADPF
investors
› Reduced investment
management fee structure,
allowing both sets of
investors to benefit from
increased scale
› Minimal friction costs
with Dexus funding
transaction costs on
behalf of both funds
$2.5bn
Asset sales at
c.4% premium²
31
1. Based on gross asset value as at 31 December 2020 and prior to execution of $2.5bn sale program.
2. Based on sale price relative to book value as at 31 December 2020 adjusted for capital expenditure, incentives and leasing costs incurred
subsequently.
18
2023 Dexus Investor Day
dexus
Victorian Comprehensive Cance
Quay Quarter Tower, Sydney, NSWView entire presentation