Investor Presentaiton
Transactions
Funds management
dexus
Funds Management acquisitions
Purchase price⁹
Interest
Settlement
Funds Management divestments
Sale price⁹
Interest
Settlement
$m
$m
Bethesda Mental Health Clinic, Cockburn Central WA
$58.3
100%
Arcadia Pittwater Private Hospital, Sydney NSW
$50.5
100%
07-Jul-21
24-Aug-21
140 St Georges Terrace, Perth WA
$254.9
100%
22-Sep-21
56-88 Lisbon Street, Fairfield East NSW
$200.2
100%
12-Oct-21
2 Maker Place, Truganina VIC
233-247 Glen Huntley Road, Elsternwick VIC²
Jandakot Airport, Perth WA³
$69.0
100%
07-Oct-21
Grosvenor Place, 225 George Street, Sydney NSW
$231.3
12.5%
02-Dec-21
$31.4
50%
21-Oct-21
19-Nov-21
Macquarie Centre, Cnr Herring & Waterloo Roads, North
Ryde NSW
$422.5
25%
31-Jan-22
$865.8
66.6%
& 1-Apr-22
525 Boundary Street, Spring Hill QLD
$97.4
100%
17-Nov-21
Pacific Fair, Hooker Boulevard, Broadbeach Waters QLD
201 Miller Street, North Sydney NSW
$336.4
20%
31-Jan-22
$76.2
50%
18-Feb-22
43 Butterfield Street, Herston QLD4
$33.3
100%
17-Nov-21
Milton Green Business Park, Milton QLD
$213.1
50%
25-Feb-22
Warringah Mall Shopping Centre, 180 Old Pittwater
Road, Bookvale NSW
12 Creek Street, Brisbane QLD
$210.0
50%
31-Mar-22
$410.0
25%
2-Dec-21
198 Princes Highway, South Nowra NSW
$36.1
100%
4-Apr-22
Truganina VIC & Lakes Business Park South, Botany
NSW5
4-Nov-21
140 & 150 George Street, Paramatta NSW
$77.3
50%
29-Jul-22
$269.4
100%
& 2-Dec-21
Carillon City, Perth WA
$80.5
100%
Aug-22
9 Boron Street, Narangba QLD
$44.5
100%
16-Dec-21
Lot 2, 884-928 Mamre Road, Kemps Creek NSW
$62.7
50%
Oct-22
Shepparton Marketplace, 110-120 Benalla Road,
Shepparton VIC
$88.1
100%
Aug-22
3 Spring, 58 Pitt and 60 Pitt Streets, Sydney NSW
$177.0
50% Aug-18-Aug-22
All other divestments under $30m
$53.8
n/a
Jul-21-Jul-22
9-15 Brighton Street, Richmond VIC
$35.0
100%
Development land, West Melbourne VIC7
$33.1
49.9%
Nov-22
May-25
All other acquisitions under $30m
$292.6
n/a
Jul-21-May-25
The purchase price reflects the development completion price. The property has been acquired via a fund-through arrangement with
development expected to complete at the end of 2022.
Dexus settled the first tranche of the industrial assets in October 2020 and December 2020. The put and call options were exercised for tranche 2 in
September 2021, with the Laverton assets settling in November 2021 and Botany settling in December 2021.
The purchase price reflects the development completion price. The property will be acquired via a fund-through arrangement with development payments to
commence late C2022 and practical completion expected in May 2023.
Acquisition conditional on successful rezoning of land
Milton Green Business Park comprises the following properties: 135-147 Coronation Drive, Milton and 6, 7, 18, 19-23, 30 and
1.
2.
The purchase price reflects the development completion price. This property will be acquired via a fund-through arrangement.
The purchase price reflects DREP's 50% share of the syndicated loan facility investment. The other 50% is provided by an external party, Solido
Capital Partners Pty Ltd.
4.
5.
3.
On 1 November 2021, Dexus Holdings Pty Limited acquired 100% of Jandakot City Holdings Pty Ltd (JCH) and 49% of Jandakot Airport Holdings
(JAH) through the newly established Jandakot City Holdings Trust (JCHT) and Jandakot Airport Holdings Trust (JAHT). On 19 November 2021,
shortly after initial settlement, Dexus Industria REIT (DXI) acquired a 33.3% interest in JCHT and 68% interest in JAHT. On 1 April 2022, Dexus
Projects Pty Limited settled on the remaining 51% interest of JAH through the establishment of Jandakot Airport Domestic Trust (JADT), with Cbus
acquiring a 33.3% interest in each of JCH and JAH by acquiring a 33.3% interest in JCHT and 65.3% interest in JADT. The joint venture which owns
100% of Jandakot Airport, Perth, is held in the following proportions: Dexus 33.4%; DXI 33.3% and Cbus Super 33.3%. The existing structure includes
senior asset-level debt of $405 million, reflecting a combined equity commitment of $895 million excluding acquisition costs.
6.
7.
8.
45 Little Cribb Street, Milton QLD.
9.
Excludes transaction costs.
61
Dexus 2022 Annual Results Presentation
17 August 2022View entire presentation