Investor Presentaiton
Key development pipeline projects
$17.7bn diversified
pipeline across
key markets
Development
dexus
Sector
Development
status
Project
cost est.1
Est. yield
on cost
Commencement
FY23
FY24
FY25
FY26
Committed
123 Albert Street, Brisbane QLD
Office
Construction
$0.6bn
c. 5%
FY22
Fixed price contracts
in place for
Atlassian Central, Sydney NSW²
Office
key committed projects
Ravenhall VIC
Industrial
Development
Approval
Construction
$1.4bn
4-5%
FY23
$0.3bn
C. 6%
FY21
Jandakot Airport, Perth WA
Industrial
Construction
$0.2bn
C. 5%
FY22
Flexibility around
uncommitted project
Australian Bragg Centre, Adelaide SA
Healthcare
Construction
$0.5bn
n/a
FY21
commencements
Uncommitted
Waterfront Brisbane QLD
Office
Active leasing
$2.5bn
5-6%
FY23
Active leasing
60 Collins Street, Melbourne VIC
Office
$1.0bn
c. 5%
FY23
and planning
Active leasing
Central Place Sydney NSW³
Office
$1.5bn
5-6%
FY24
and planning
Pitt and Bridge Precinct, Sydney NSW
Office
Planning phase
$3.1bn
C. 5%
FY25
Jandakot Airport, Perth WA
Industrial
Ravenhall VIC
Industrial
Active leasing
and planning
Active leasing
and planning
$0.6bn
5-6%
FY23
$0.2bn
5-6%
FY23
1.
2.
3.
Excluding external party share of project. External JV partner owns 50% of this project.
25
Dexus 2022 Annual Results Presentation
Dexus group share in development cost (including land, funding cost and excludes downtime and income earned through development).
Represents funding obligation for 100% of the project cost (ex land).
Development phaseView entire presentation