Investor Presentaiton
Scale transactions
dexus
Risk is inherent to undertaking
complex developments and
unlocking unique opportunities
Rural
rezone
Royal
Adelaide
Hospital
High-quality, unique
opportunities...
>Large land parcel with good prospects
for rezone
Secured an increased stake in one of
Australia's most advanced hospitals
...unlocked with investors,
delivering strong returns
> Expected to achieve unlevered IRR target
of 15%+1
50/50 JV with DREP1
Secured 30.6% increase in Dexus group stake
across two infrastructure funds and one real
estate fund
Our platform scale and
expansive range of fund
products enable us to
syndicate unique projects
Sharing risk between the
Dexus balance sheet and our
fund partners enhances
returns for all stakeholders
Australian
Bragg Centre
Horizon 3023,
Ravenhall
Office
leasing risk
› Secured position to acquire interest in
Australia's first proton therapy unit
> Complex deal structure and technology
› Delivery risk
> Large land bank secured at attractive price
given scale 134ha
> Secured 100 Mount Street development
off-market
Commenced with low pre-commitment
(15% of NLA) at attractive point in office
cycle (in 2016)
>
Initial JV with Dexus Healthcare Property
Fund (DHPF)
Sold residual 50% interest once project was
largely de-risked and DHPF achieved scale
> Co-owned with two capital partners
> Master-planned estate currently c.60%
complete
> Forecast unlevered IRR > 35%¹
>
50/50 JV with Dexus Wholesale Property
Fund (DWPF)
Unlevered IRR of circa 40%1
55|
1. Excludes the benefits of fee streams generated from the project to Dexus.
Transactions and development - key takeaways
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Market leading and
scalable capabilities
Highly experienced team of specialists with expertise
across key sectors and high value functions
dexus
A key pillar to executing
the Dexus strategy
Demonstrated ability to unlock attractive opportunities
and deliver strong returns for group capital
Creating value that will
underpin growth
Diversity in capabilities enables value creation from a
broad opportunity set and through the cycle
2023 Dexus Investor Day
Jandakot Airport and, industrial precinct, Perth, WAView entire presentation