Dexus
{{Short description|Australasian real asset manager}}
{{Use dmy dates|date=November 2019}}
{{Infobox company
|name = Dexus
|former_name = Deutsche Office Trust
Deutsche Industrial Trust
Deutsche Diversified Trust
|type = Public
|traded_as = {{ASX|DXS}}
|logo = Dexus logo.svg
|industry = Commercial property
|foundation = 1984
|founder = Deutsche Bank
|defunct =
|location_city = Quay Quarter Tower, Sydney
|location_country = Australia
|key_people = Warwick Negus (Chairman)
Ross Du Vernet (CEO)
|revenue = $936 million
|revenue_year = 2023
|operating_income =
|income_year =
|net_income =
|net_income_year =
|num_employees = 1,079
|num_employees_year = 2023
|website = [http://www.dexus.com www.dexus.com]}}
Dexus is an Australasian real assets manager and owner. 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.[https://web.archive.org/web/20231008232341/https://www.dexus.com/discover-dexus/about-us/history History] Dexus
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.[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] Dexus Property Group 21 February 2008[https://web.archive.org/web/20140510070006/http://www.dexus.com/about-us/1/timeline Timeline] Dexus On 27 March 2017, the company was rebranded to Dexus.[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] Dexus 27 March 2017
In April 2022, Dexus purchased AMP Capital's real estate and domestic infrastructure equity business.[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] AMP Capital 27 April 2022
Notable properties
=Current=
- Australia Square (50%)GPT Group to sell stake in Australia Square The Australian 24 April 2023
- Macquarie Centre (25%)[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] Queensland Property Investor 5 July 2023
- Nauru House (75%)[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] MinterEllison 13 May 2019
- Pacific Fair (20%)
- Westfield Miranda (50%)[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] Westfield Corporation 27 May 2013
- Westfield Warringah Mall (50%)[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] Shopping Centre News 18 November 2021
- 1 Bligh Street (37%)[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] Australian Financial Review 22 March 2021
- 1 Macquarie Place[https://web.archive.org/web/20230327024436/https://buildcorp.com.au/project/gateway-retail-redevelopment Gateway Retail Redevelopment] Buildcorp
- 25 Martin Place[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] Sydney Morning Herald 13 March 2019
- 123 Albert Street[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] Australian Energy Regulator
- 480 Queen Street[https://web.archive.org/web/20221028060605/https://buildcorp.com.au/project/480-queen-street-brisbane 480 Queen Street, Brisbane] Buildcorp
=Former=
- AMP Place, Brisbane[https://web.archive.org/web/20221024021930/https://www.asx.com.au/asxpdf/20210406/pdf/44v8y33l2wt911.pdf Sale of 10 Eagle Street] Dexus 6 April 2021
- Grosvenor Place (50%)[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] Sydney Morning Herald 18 November 2020
- Westfield Whitford City (50%)[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] Australian Financial Review 4 January 2010
References
{{reflist}}
{{S&P/ASX 200}}
{{Deutsche Bank}}
{{DJSI World}}
Category:Companies based in Sydney
Category:Companies listed on the Australian Securities Exchange
Category:Companies in the S&P ASX 50
Category:Real estate companies of Australia