Dexus Explained

Dexus
Former Name:Deutsche Office Trust
Deutsche Industrial Trust
Deutsche Diversified Trust
Type:Public
Industry:Commercial property
Foundation:1984
Founder:Deutsche Bank
Location City:Quay Quarter Tower, Sydney
Location Country:Australia
Key People:Warwick Negus (Chairman)
Darren Steinberg (CEO)
Revenue:$936 million
Revenue Year:2023
Num Employees:1,079
Num Employees Year: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

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

Current

Former

Notes and References

  1. https://web.archive.org/web/20231008232341/https://www.dexus.com/discover-dexus/about-us/history History
  2. https://web.archive.org/web/20231018115120/https://announcements.asx.com.au/asxpdf/20080221/pdf/317kjcz79xyk0r.pdf DB RREEF Trust fully intenalises management and rebrands as Dexus
  3. https://web.archive.org/web/20140510070006/http://www.dexus.com/about-us/1/timeline Timeline
  4. https://web.archive.org/web/20171114093338/http://www.dexus.com//articles/media-releases/2017/march/dexus-launches-its-new-brand|archive-date=2017-11-14 Dexus launches its new brand
  5. https://web.archive.org/web/20220428010027/https://www.asx.com.au/asxpdf/20220427/pdf/458c0cnjbnv257.pdf Sale of real estate and domestic infrastructure equity business
  6. GPT Group to sell stake in Australia Square The Australian 24 April 2023
  7. https://web.archive.org/web/20231018105525/https://www.qldpropertyinvestor.com.au/dexus-lists-pacific-fair-macquarie-centre-stakes/ Dexus Lists Pacific Fair, Macquarie Centre Stakes
  8. https://web.archive.org/web/20231018110306/https://www.minterellison.com/articles/minterellison-advises-dexus-80-collins MinterEllison advises Dexus on $1.5 billion acquisition of 80 Collins precinct in Melbourne
  9. https://web.archive.org/web/20231018102016/https://announcements.asx.com.au/asxpdf/20130527/pdf/42g3nkw00gb902.pdf Westfield Retail Trust commences $435 million redevelopment at Westfield Miranda
  10. https://web.archive.org/web/20231018111028/https://www.shoppingcentrenews.com.au/feature-stories/dexus-fund-acquires-additional-25-interest-in-westfield-warringah-mall-for-410-million/ Dexus fund acquires additional 25% interest in Westfield Warringah Mall for $410 million
  11. https://web.archive.org/web/20210322045714/https://www.afr.com/property/commercial/dexus-brings-singaporeans-into-1-bligh-street-deal-20210320-p57ciy Dexus brings Singaporeans into 1 Bligh Street deal
  12. https://web.archive.org/web/20230327024436/https://buildcorp.com.au/project/gateway-retail-redevelopment Gateway Retail Redevelopment
  13. https://web.archive.org/web/20190315051402/https://www.smh.com.au/business/companies/dexus-takes-control-of-sydney-s-mlc-centre-in-800m-deal-20190313-p513sp.html Dexus takes control of Sydney's MLC Centre in $800m deal
  14. https://web.archive.org/web/20231018103536/https://www.aer.gov.au/retail-markets/retail-exemptions/public-register-of-retail-exemptions/23923-dexus-funds-management-limited-123-albert-street-retail-exemption Dexus Funds Management Limited - 123 Albert Street retail exemption
  15. https://web.archive.org/web/20221028060605/https://buildcorp.com.au/project/480-queen-street-brisbane 480 Queen Street, Brisbane
  16. https://web.archive.org/web/20221024021930/https://www.asx.com.au/asxpdf/20210406/pdf/44v8y33l2wt911.pdf Sale of 10 Eagle Street
  17. https://web.archive.org/web/20231018111917/https://www.smh.com.au/business/companies/dexus-raises-925m-from-sale-of-half-stake-in-grosvenor-place-20201118-p56frd.html Dexus raises $925m from sale of half stake in Grosvenor Place
  18. https://web.archive.org/web/20231018094413/https://www.afr.com/property/sell-offs-and-buy-ins-top-1bn-20100104-iw8by Sell-offs and buy-ins top $1bn