Dexus

Dexus fund acquires share of market-leading shopping centre. Dexus’s flagship fund, Dexus Wholesale Shopping Centre Fund (DWSF), has secured a 25% interest in Westfield Chermside. Westfield Chermside is Australia’s second-largest regional shopping centre by both sales and gross lettable area. This exclusive off-market transaction leverages Dexus’s established relationship with Scentre Group (Owner of Westfield destinations in Aus and NZ) to secure a market-leading asset for DWSF. The transaction aligns with fund's strategy of owning market-leading retail assets with strong growth potential. Westfield Chermside’s scale, performance metrics and community integration make it an exceptional addition to our retail platform, delivering both immediate performance and long-term value creation. #Dexus #RealEstate #RetailInvestment #WestfieldChermside #FundsManagement

How quickly will the tide turn from Fear of Acting Too Early (FATE) to Fear of Missing Out (FOMO) for real asset investors? Dexus Research has released the Australian Real Asset Review Q3 2025, revealing a shift in momentum across real asset markets. Here’s the key insights: ➡️ On the up: Real estate returns are rebounding across all sectors. ➡️ Time to invest? The office sector looks to be entering a classic recovery cycle led by the Sydney CBD. ➡️ Shopping ready to pop: Retail performance is set to improve, supported by falling mortgage rates and real wage growth. ➡️ Transaction volumes lift: Infrastructure transaction volumes increased significantly in Q2 2025 with a strong focus on renewable energy and battery storage. ➡️ Confidence improves: Business confidence lifts on the back of interest rate cuts, falling inflation, domestic political stability at a time of global uncertainty and rising equity markets. Peter Studley, Dexus Head of Research, says: "Global uncertainty continues to influence sentiment in capital and occupier real asset markets. However, with interest rates falling and supply constrained, there are compelling reasons to expect stronger real estate returns in the months ahead.” Read the full report here: https://lnkd.in/enaKJzBm #RealAssets #Research

We are excited to have progressed the development of Pinnacle Industrial Estate, a cutting-edge industrial and logistics hub developed by Dexus in partnership with Favelle Favco Cranes (M) Sdn Bhd. Strategically located in Prestons, within the Liverpool City Council LGA, this estate offers 14,150 sqm of premium warehouse space across two units, with exceptional connectivity to the M5, M7 and public transport. Key Highlights: • Prime access: Within 40 minutes of 75% of Sydney’s population and connected to over 1.1 million workers via public transport. • Sustainability first: Featuring Dexus’s latest industrial design standards – 198kW solar array, rainwater harvesting, LED lighting and daylight harvesting – all aligned with our net zero goals. • Built for efficiency: 10m all-weather awnings, 47m hardstand with 8-tonne point loads and full B-double drive-around access for seamless logistics. With completion expected in early 2026, this opens new opportunities for businesses seeking high-performance industrial space in a prime location. To mark this milestone, Chris Mackenzie, Executive General Manager, Industrial, and Mark O'Reilly, General Manager, Investment Strategy & Transactions at Dexus, joined our project partners and stakeholders to officially launch this exciting development. Andrew McDonald | Lydia Gabriel | Jacob Clark | Claudia Lanzarone #Industrial #WesternSydney #SustainableDevelopment

DXI’s strategic acquisition enhances Sydney infill exposure Dexus Industria REIT is pleased to announce the acquisition of a ~10,000 sqm warehouse at 32 Cox Place, Glendenning - an infill location in northwest Sydney with excellent connectivity and proximity to population growth corridors. DXI leveraged the Dexus platform to secure a rare opportunity in a tightly held market. This $40 million investment enhances DXI’s portfolio quality and aligns with the fund’s strategy of transforming into a focused industrial REIT by investing in infill and established middle-ring industrial precincts. Why it matters: - Prime location with excellent transport links - Strong value-add potential - Increases exposure to the Sydney industrial infill market, in line with DXI’s strategy The opportunity to reposition the asset into a modern, flexible logistics facility with broad tenant appeal in an undersupplied market presents a compelling opportunity to deliver enhanced rental growth and long-term value creation for investors. Read the full ASX announcement: https://lnkd.in/g_6NYcNz Gordon Korkie | Sharyn Mikhael | Victoria Hunt #IndustrialREIT #IndustrialInfill

Dexus is proud to celebrate the official handover of the new Archives New Zealand building to the New Zealand Government, a momentous milestone eight years in the making. At a special unveiling event, Dexus CEO Ross Du Vernet joined Hon Paul Goldsmith, Minister for Arts, Culture and Heritage, to celebrate this landmark achievement - a building purposefully designed to safeguard the nation’s most precious records, stories, and cultural artefacts. Developed in partnership with the New Zealand Government, Archives is more than a structure - it is a vault of the nation’s memory, a creation that reflects the value of what it holds. In many ways, it is a treasure in itself. The most earthquake-resilient public building in New Zealand is anchored by 55m-deep piles and 38 triple-pendulum base isolators - the largest ever installed in the country. Co-designed with Mana Whenua, the building features a 4,000sqm hand-sketched façade, making it a cultural artefact. It is enabled by a live digital twin for real-time decision-making and seamless facilities management - an industry first in New Zealand. Archives has achieved a 5 Star Green Star Design Rating, setting a new benchmark for civic infrastructure. This project is a blueprint for what’s possible when private capital and expertise meet public purpose. Thank you to our partners, CPP Investments | Investissements RPC, PSP Investments | Investissements PSP and Department of Internal Affairs (NZ), for their vision and funding of this significant project, and their trust in us to deliver this national landmark. WARREN AND MAHONEY | RCP | Aurecon | NDY | LT McGuinness Ltd. | Michael McQueen #ArchivesNewZealand #NewZealandGovernment #PublicPrivatePartnership

It was great to join Andrew Geoghegan on ausbiz to dive into the world of opportunistic investing. Backed by the scale and capabilities of the Dexus platform, our team sifts through hundreds of opportunities to uncover those rare, high-conviction investments – the true needles in the haystack. As Fund Manager of the Dexus Real Estate Partnership (DREP) series, we focus on managing risk while creating value, targeting a net IRR of 15%. With $470 million in commitments already secured, DREP2 has strong traction and is well on track to exceed our $600 million target as we approach final close.

In the heart of Brisbane, Dexus is developing two landmark projects that are redefining the city’s landscape. Waterfront Brisbane is transforming Eagle Street Pier, creating a premier destination for business and leisure that will elevate the city’s riverfront experience. Meanwhile, at 41 George Street, an ageing office building is being reimagined into vibrant student accommodation, delivering 1,200 much-needed beds to support the city’s growing education sector. Recently, the Waterfront Brisbane team toured 41 George Street and joined builder Hutchinson Builders for a lunch in support of MATES in Construction - an industry-led initiative focused on mental health in the construction sector. While each project has its own distinct vision, both share a common foundation: a deep commitment to the health, safety and well-being for everyone involved in these projects. Matt Beasley James Curtin Soneel Deo Dean Miller Pamela McGhee Caitlin Clarke #WaterfrontBrisbane #Development #Brisbane #StudentAccommodation #Dexus

Dexus is proud to partner with Taronga Group on its Asset Impact innovation program in 2024-2025. We look forward to collaborating with the 12 global technology companies selected to participate in the program. More broadly, our partnership with Taronga Group on its RealTechX innovation programs reflects our support for innovation and technologies that enhance asset operational efficiency and performance - and deliver strong sustainability and financial outcomes - across the real asset sectors.

The ASCEND Industrial Estate at Jandakot Airport continues to grow, and we are thrilled to welcome two new customers as part of its ongoing expansion. Mondiale VGL has reached practical completion on its cutting-edge distribution and container storage facility. With direct access to key freight routes, ASCEND Industrial Estate supports the company’s national growth by improving connectivity, enabling them to streamline operations and enhance service delivery across Australia. We also celebrated a major milestone with Australian Pharmaceutical Industries (API), a subsidiary of Wesfarmers, turning the sod on their new fulfilment centre. This facility, twice the size of their current site, will serve communities from as far south as Albany to Kununurra in the north; ensuring the timely delivery of essential medicines and marking a significant step forward in healthcare logistics for Western Australia. It was a pleasure to host Stephen Pratt MLA MP, Local Member for Jandakot, who officiated the sod turning event. During his visit, we had the opportunity to showcase some of our valued customers, including Amazon, HelloFresh and Kmart, highlighting the strength of Perth’s industrial market. The continued investment in ASCEND Industrial Estate by Dexus, Dexus Industrial REIT and Cbus Super is driving value and reinforcing the estate’s position as a premier logistics and industrial hub in Western Australia TMX Transform Chris Mackenzie Andrew McDonald Lydia Gabriel Alex Charles Nick Papadopoulos Chiara De Pellegrin Daniel Starcic Graham Hahn Megan McInnes Gordon Korkie Sharyn Mikhael Kim Gregory Lauren Sedgman #Industrial #RealAssets

We are pleased to announce the release of our updated Climate Transition Action Plan, which details our strategic approach to managing climate-related risks and opportunities across our real estate and infrastructure platform. Key highlights include: ● A commitment to maintaining net zero Scope 1 and 2 emissions across our managed portfolio ● Continued procurement of 100% renewable electricity for the managed portfolio in line with RE100 commitments ● An outline of our future climate aspirations and the programs to achieve these ● Climate scenario analysis and increased readiness for the Australian Sustainability Reporting Standards This Plan builds on our strong sustainability track record and sets a clear path toward a, low-carbon future that is resilient to the impacts of climate change. This is essential not only for our customers and communities, but also for delivering long-term value to our investors. #RealAssets #Sustainability #ClimateAction