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Showing 1 - 10 of 129 results for "Dexus"

Qualitas shines in FY24, Charter Hall contracts

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2024
... activity and raising new equity capital have all proven difficult," he said. The office sector rout wiped $1.8 billion off the Dexus Funds Management portfolio, ultimately trickling down to the bottom line of a $1.6 billion statutory net loss for FY24. ...

Dexus property valuation rout deepens by $2bn

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
Dexus Funds Management wiped $1.9 billion off its property portfolio, driven by the office sector rout which lost $1.8 billion in value. The devaluations led to a whopping $1.6 billion statutory net loss after tax for the 2024 financial year, following ...

QIC replaces real estate managing director

KARREN VERGARA  |  MONDAY, 29 JUL 2024
Queensland Investment Corporation (QIC) has appointed a former Dexus executive as its new real estate managing director. Deborah Coakley will begin her new role at QIC's $112 billion alternatives platform on October 15. She previously spent 11 years ...

AustralianSuper real assets lead joins fund manager

KARREN VERGARA  |  WEDNESDAY, 17 JUL 2024
... AustralianSuper's global real assets head is leaving the fund to join an ASX-listed fund manager. Nik Kemp has joined Dexus in the newly created role of executive general manager of growth markets. Kemp spent more than 11 years at AustralianSuper ...

Dexus sells three assets for $383.2m

ELIZA BAVIN  |  THURSDAY, 27 JUN 2024
Dexus has announced that it has unconditionally exchanged contracts to sell three assets for a combined $383.2 million. The assets include a 50% interest Dexus held in 5 Martin Place, Sydney for $296.2 million, in which its 25% share was $148.1 million ...

Morningstar reveals top three undervalued stocks

ELIZA BAVIN  |  MONDAY, 24 JUN 2024
... average dividend payouts to buy and hold for the long-term, with an Australian name making the list. The analysis found Dexus, Telus Corp and Sociedad Quimica Y Minera De Chile SA (SQM) were three undervalued global stocks. "Dexus is a diversified Australian ...

Barrenjoey, Scentre Group establish jointly managed fund

ELIZA BAVIN  |  FRIDAY, 21 JUN 2024
... Tree Plus for $308 million. CBRE head of retail capital markets - pacific, Simon Rooney negotiated the deal on behalf of a Dexus managed fund. Scentre and Barrenjoey have stepped into the Westfield Tea Tree transaction under a preemptive agreement, marking ...

Dexus sees $1.3bn wiped from portfolio value

JAMIE WILLIAMSON  |  THURSDAY, 20 JUN 2024
An external revaluation of the bulk of its assets estimates Dexus' book value has dropped some 9% in the last six months. In an update to investors, Dexus said recent draft external independent valuations have resulted in a total estimated drop of about ...

Brighter Super seeks fund managers for $500m mandate

KARREN VERGARA  |  FRIDAY, 31 MAY 2024
... Wind Farm in the Western Downs and South Burnett underpins goals to help with the energy transition. An allocation in the Dexus Wholesale Property Fund backs the $2.5 billion Waterfront Brisbane project in the city's CBD. Farrar said the fund is focused ...

REIT returns to come back strong: Expert

ELIZA BAVIN  |  WEDNESDAY, 29 MAY 2024
... sought-after asset in the wake of a higher interest rate environment globally, but times are changing according to one expert. Dexus Global REIT Fund portfolio manager David Kruth told Financial Standard that while on the surface it may appear that REITs ...
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