Dexus
 | |
| Formerly | Deutsche Office Trust Deutsche Industrial Trust Deutsche Diversified Trust |
|---|---|
| Company type | Public |
| ASX: DXS | |
| Industry | Commercial property |
| Founded | 1984 |
| Founder | Deutsche Bank |
| Headquarters | , Australia |
Key people | Warwick Negus (Chairman) Darren Steinberg (CEO) |
| Revenue | $936 million (2023) |
Number of employees | 1,079 (2023) |
| Website | www.dexus.com |
Dexus is an Australian real estate investment trust. Founded in 1984, it is listed on the Australian Securities Exchange.
History
[edit]Dexus was listed by Deutsche Bank on the Australian Securities Exchange in 1984 as the Deutsche Diversified Trust, followed by the Deutsche Industrial Trust in 1984 and the Deutsche Office Trust in 1998.[1]
In 2004, all three were stapled to form the DB Rreef Trust. In 2008 it was rebranded as the Dexus Property Group after purchasing Deutsche Bank's remaining 50% shareholding.[2][3] On 27 March 2017, the company was rebranded to Dexus.[4]
In April 2022, Dexus purchased AMP Capital's real estate and domestic infrastructure equity business.[5]
Notable properties
[edit]Current
[edit]- Australia Square (50%)[6]
- Macquarie Centre (25%)[7]
- Nauru House (75%)[8]
- Pacific Fair (20%)[7]
- Westfield Miranda (50%)[9]
- Westfield Warringah Mall (50%)[10]
- 1 Bligh Street (37%)[11]
- 1 Macquarie Place[12]
- 25 Martin Place[13]
- 123 Albert Street[14]
- 480 Queen Street[15]
Former
[edit]References
[edit]- ^ History Dexus
- ^ DB RREEF Trust fully intenalises management and rebrands as Dexus Dexus Property Group 21 February 2008
- ^ Timeline Dexus
- ^ Dexus launches its new brand Dexus 27 March 2017
- ^ Sale of real estate and domestic infrastructure equity business AMP Capital 27 April 2022
- ^ GPT Group to sell stake in Australia Square The Australian 24 April 2023
- ^ a b Dexus Lists Pacific Fair, Macquarie Centre Stakes Queensland Property Investor 5 July 2023
- ^ MinterEllison advises Dexus on $1.5 billion acquisition of 80 Collins precinct in Melbourne MinterEllison 13 May 2019
- ^ Westfield Retail Trust commences $435 million redevelopment at Westfield Miranda Westfield Corporation 27 May 2013
- ^ Dexus fund acquires additional 25% interest in Westfield Warringah Mall for $410 million Shopping Centre News 18 November 2021
- ^ Dexus brings Singaporeans into 1 Bligh Street deal Australian Financial Review 22 March 2021
- ^ Gateway Retail Redevelopment Buildcorp
- ^ Dexus takes control of Sydney's MLC Centre in $800m deal Sydney Morning Herald 13 March 2019
- ^ Dexus Funds Management Limited - 123 Albert Street retail exemption Australian Energy Regulator
- ^ 480 Queen Street, Brisbane Buildcorp
- ^ Sale of 10 Eagle Street Dexus 6 April 2021
- ^ Dexus raises $925m from sale of half stake in Grosvenor Place Sydney Morning Herald 18 November 2020
- ^ Sell-offs and buy-ins top $1bn Australian Financial Review 4 January 2010
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