Dexus announces acquisition and equity raising

Dexus Funds Management Limited (“DXFM”) as responsible entity of Dexus (“Dexus” or the “Group”) today announced that it has entered into agreements to acquire two Sydney office buildings.

It is also in exclusive due diligence to acquire a core industrial property in Melbourne (together with the acquisition of the two Sydney office buildings, the “Acquisitions”). The total consideration under the acquisition agreements together with the offer for the industrial property is $739.3 million.

Please click here to view the ASX release.