Investor Presentaiton
Development
Dexus committed developments and fund-throughs
Pipeline
dexus
Building area¹ Project cost
sqm
est.²
Est. cost to Yield on cost³
completion²
%
Leased
%
Completion due
$m
$m
Third party partner
interest
%
Office
123 Albert Street, Brisbane QLD
Atlassian Central, Sydney NSW4
39,600
595
185
c. 5%
34%
Late 2023
58,000
1,450
1,450
4-5%
100%
Late 2026
n/a
Total office
Industrial
97,600
2,045
1,635
Palm Springs Road, Ravenhall VIC
211,400
79
48
C. 6%
80%
Mid 2023
75%
Jandakot Airport, Perth WA
74,700
59
30
c. 5%
100%
Mid 2023
67%5
7-8%
12 Frederick Street, St Leonards NSW - Stage 2
17,600
67
14
73%
Late 2022
Stage 2 1-21 McPhee Drive, Berrinba QLD
13,800
42
31
n/a
100%
Mid 2023
884 Mamre Road, Kemps Creek NSW
42,500
69
52
n/a
Late 2023
50%
20 Distribution Drive, Truganina VIC
21,300
40
35
4-5%
Mid 2023
4-5%
141 Anton Road, Hemmant QLD
59,700
159
130
77%
Late 2024
Total industrial
441,000
515
340
City retail/
4-5%
25 Martin Place, Sydney NSW
11,000
211
34
96%
Late 2022
50%
healthcare
Australian Bragg Centre, North Terrace, Adelaide SA
24,500
231
134
n/a
77%
Late 2023
50%
Total city retail/healthcare
35,500
442
168
Total committed developments
574,100
3,002
2,143
1.
1234
At 100% ownership.
2.
3.
4.
Dexus share in development cost (including land, funding cost and excludes downtime and income earned through development).
Target yield on cost calculation includes cost of land, funding cost, downtime and income earned through development in the denominator.
Represents funding obligation for 100% of the project cost (ex land).
5. Reflects DXI 33.3% stake and Cbus Super 33.3% stake.
58
Dexus 2022 Annual Results Presentation
17 August 2022View entire presentation