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Overview
Dexus owns, manages, and develops a diversified real assets portfolio in Australasia, including offices, industrial properties, and related infrastructure. It runs as a fully internally managed platform, coordinating property ownership, leasing, asset management, and development under one umbrella to align with investors. It differentiates itself by not outsourcing asset management and by expanding into broader real assets, such as AMP Capital’s real estate and infrastructure business in 2023, to offer integrated capabilities. Its goal is to deliver stable, growing returns for investors through scale and integration across real assets in the Australasian market.
About Dexus
Industries
Financial Services
Real Estate
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Sydney, Australia
Founded
1984
Simplify's Take
What believers are saying
- Ravenhall Logistics JV with Boral announced May 2026 targets 2.5 million sqm lettable area.
- DREP2 secures $870 million equity commitments exceeding $600 million target in 2025.
- Launched DSIT1 with 25% Westfield Chermside stake valued at $683 million December 2025.
What critics are saying
- Office divestments like 100 Mount Street sale to BGO signal revenue collapse from high vacancies.
- Ravenhall rezoning denial by 2027 halts 630-hectare logistics pipeline and damages reputation.
- Subordinated notes' floating rates spike AFFO compression if BBSW exceeds 5.5% in 2027.
What makes Dexus unique
- Dexus manages $51.5 billion Australasian real estate and infrastructure portfolio.
- Australia's largest owner and manager of office properties with integrated funds platform.
- Acquired AMP Capital's real estate business in 2023 for full integration.
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Benefits
Flexible Working
Wellbeing Matters
Continuous Growth
Parents@Work
Company News
BGO buying North Sydney office building from Dexus for $395M. Fund manager BGO has agreed to acquire an office tower in North Sydney from Australian property giant Dexus and a Dexus-managed vehicle in a deal valuing the property at A$558 million ($394.7 million). The transaction of 100 Mount Street was disclosed in six-month results released Wednesday by Dexus, which said the group was selling its 50 percent balance-sheet interest for A$279 million. The 35-storey tower comprises 42,000 square metres (452,084 square feet) of net lettable area and hit the market last October in a campaign run by CBRE and Cushman & Wakefield. US-based BGO, the real estate unit of Canadian insurer Sun Life, is making its bet on Sydney's secondary office hub with help from local investment managers Cliffbrook Capital and Investa, with the latter revealing the buyer in a Wednesday statement. Investa chief investment officer Adam Crowe pointed to the 2019-built tower's "outstanding connectivity" - including metro, heavy rail and bus interchange access - as a draw for tenants. "With customer demand for premium-grade offices continuing to build and supply constrained for the foreseeable future, 100 Mount Street is exceptionally well positioned for its next chapter," Crowe said. Market surge. The news comes amid an upswing in Australia office deals, with transaction volume leaping 122 percent year-on-year in 2025's fourth quarter to A$4.7 billion as investors returned to the once-dominant asset class, according to MSCI's latest Capital Trends report. Buyers took advantage of still-reduced pricing to lift annual office volume to A$12.2 billion, up 31 percent from 2024 and the strongest year for the segment since 2022, the data provider said. The agreed price for 100 Mount Street values the property at A$13,286 ($9,372) per square metre of net lettable area. BGO declined to comment when contacted Thursday. Under the terms of the deal, 75 percent of the sale price is to be transferred in June 2026 and the remaining 25 percent in December 2027, according to a results presentation by Dexus. The transaction remains subject to regulatory approval. ASX-listed Dexus on Wednesday said the disposal was part of A$800 million in agreed or settled balance-sheet divestments during the most recent half, as the group continues to work towards its A$2 billion divestment target through fiscal 2027. For BGO, which did business as BentallGreenOak until a 2024 rebrand, the buy continues a string of Down Under deals, including last year's acquisition of three Sydney warehouses for A$201 million through a joint venture with Centuria Capital. 2025 also saw BGO clinch the purchase of 10-20 Bond Street, a 31-storey tower in Sydney's central business district, from Mirvac and Morgan Stanley Real Estate Investing for a reported A$580 million, with Investa performing investment management and property management duties for the complex. Soilbuild's bet. Some 300 metres (328 yards) to the west of 100 Mount Street, Singapore's Soilbuild has acquired a 25 percent stake in the office property known as Coca-Cola Place from M&G Real Estate for A$90.7 million, according to a Wednesday notice by legal advisor K&L Gates. The 21-storey building at 40 Mount Street comprises 28,340 square metres of floor area, with the remaining 75 percent interest held by Investa's ICPF commercial property fund. The tower has served as the Australian headquarters of Coca-Cola since completion in 2010. The transaction values the North Sydney office block at A$362.8 million, or A$12,802 per square metre. Soilbuild and M&G did not respond to requests for comment on Thursday.
Richmond set to shine with The Brightly. 13 February 2026 Goldfields secures permit and appoints Ironside for $170m wellness-focused development National property developer Goldfields has secured permit approval and appointed Victorian residential builder Ironside to begin work on The Brightly, an 11-storey, wellness and lifestyle-focused mixed-use development with unrivalled amenity at 9-15 Brighton Street, Richmond. Goldfields has partnered with Dexus Real Estate Partnership Fund 1 (DREP 1) as co-investor and delivery partner in the landmark project. With architecture and interiors by renowned design practice Cera Stribley, The Brightly will feature 100 thoughtfully curated residences, a resident-only wellness space, elevated dining experiences including a private dining room and a rooftop garden lounge, with ground-floor retail designed to integrate seamlessly with Richmond's local character. Wellness takes centre stage, woven into every element from the refined interiors to the thoughtfully curated amenities. Residents can escape to their own private sanctuary, with gardens designed by award-winning landscape architect Jack Merlo that create a deeply restorative experience. This tranquil setting is complemented by a wellness space featuring a hot magnesium pool, cold plunge, steam room, sauna, and a vitamin-infused drinking station for refreshment and rehydration. The Brightly's focus on wellness extends to the landscaped rooftop, featuring canopied retreats and panoramic views of the Melbourne CBD and Richmond Hill treetops, offering a serene retreat for relaxation. Residents can also host guests with a private bookable dining space on the rooftop garden lounge and an indoor option on Level 1, providing the perfect settings for exclusive gatherings, complete with a wine fridge for entertaining. Cera Stribley's architectural vision drew inspiration from the surrounding area, using the flowing form of the train lines to shape the façade and create a dialogue between the building and Richmond's rich history. The design features a four-level podium lined with lush greenery, honouring the suburb's character and streetscape through its scale and materials. The retail ground level encourages pedestrian activity and creates a lively, day-to-night atmosphere. The levels above the podium are set back, complete with expansive, house-sized terraces and landscaped with self-reticulating gardens that grant valued privacy. Offering residents the choice of one-, two- and three-bedroom apartments, along with 19 exclusive sub-penthouses and penthouses, The Brightly provides a home to suit every lifestyle. Cera Stribley designed the residences with a strong focus on wellness, maximising natural light, cross ventilation, and expansive views. Interiors feature natural stone, timeless colour palettes with customisation options, and versatile multi-purpose rooms featuring fold-out Murphy beds with integrated wardrobes and study desks - seamlessly combining innovation with everyday liveability. Lachlan Thompson, Goldfields' CEO, said The Brightly will define a new kind of urban luxury for Inner East living. "By drawing on Richmond's vibrant mix of culture and hospitality, we've combined a lifestyle centred on wellness," he said. "Its proximity to Melbourne's sports and entertainment precinct, the CBD, parks, and public transport makes it a prime location for both young professionals and those seeking a lifestyle change. What we've created is something remarkable - it's real, it's Richmond, and it's refined." "We're thrilled to further announce the appointment of leading builder Ironside to deliver The Brightly. With an exceptional track record across premium multi-residential and high-quality commercial developments - including 189 Toorak Road in South Yarra and Windsor Park in Windsor, Ironside's craftsmanship and alignment with our vision make them the ideal partner. We look forward to seeing this project come to life, with construction commencing next year." Dexus Real Estate Partnership Fund 1 Fund Manager, Jason Howes, said the Brightly is a high-quality investment in a high demand area with limited residential stock expected to be added in the coming years. "Partnering with Goldfields, we are delivering a project that will redefine lifestyle focused urban living, offering residents exceptional design and amenities in one of Melbourne's most vibrant suburbs," he said. Chosen for its wealth of experience, Cera Stribley's Managing Principal Domenic Cerantonio said the practice welcomed the opportunity to work with the team on its Richmond offering. "This brief is unique in its focus on wellness, weaving together a unique mix of grit and elegance that honours Richmond's industrial heritage while embracing its vibrant contemporary character," he said. "We are thrilled to collaborate with Goldfields and Dexus Real Estate Partnership Fund 1 to bring this shared vision to life." Onsite demolition is underway, with construction set to commence in April 2026 and completion targeted for late 2027. The Brightly will launch to market in mid-2026. Register for updates and exclusive information at www.thebrightly.com.au
EQS-Adhoc: Dexus Finance Pty Limited: Appointment of non-executive director. EQS-Ad-hoc: Dexus Finance Pty Limited / Key word(s): Personnel Dexus Finance Pty Limited: Appointment of non-executive director 17-Dec-2025 / 01:35 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group. The issuer is solely responsible for the content of this announcement. Dexus (ASX: DXS) Appointment of non-executive director Dexus is pleased to announce the appointment of Jon Gidney to the Board of Dexus Funds Management Limited (DXFM) as a non-executive director, effective 17 December 2025. Mr Gidney is an experienced company director and corporate advisor with more than 30 years' experience in investment banking. He has a strong financial background, understanding of global capital markets and extensive corporate risk and governance expertise, having worked with Australian and International groups on strategy, M&A and capital market transactions. During his investment banking career, at J.P. Morgan, Greenhill & Co and Citi, Mr Gidney was involved in strategy development and significant transactions for a number of global real estate fund managers, ASX listed REITs, managed investment schemes and private investors. These assignments included a wide breadth of mergers and acquisitions, equity and debt capital markets, and strategic activities. Mr Gidney is a Member of the Australian Takeovers Panel, Non-Executive Chair of FNZ (APAC) Group of Companies, a Non-Executive Director of Cettire Limited and a Director of Australian Financial Services Licensee, El Calamar Capital Pty Ltd. Warwick Negus, Chair of the DXFM Board said: "I am delighted to welcome Jon to Dexus. He is a highly skilled director who will bring extensive investment banking and real estate experience to the Board." Mr Gidney will join the Board Nomination & Governance Committee, Board Audit Committee and the Board People & Remuneration Committee and will stand for election at Dexus's next Annual General Meeting, to be held on 28 October 2026. As Mr Gidney was previously employed by Citi, a financial advisor to Dexus until September 2023, he is not currently considered an independent director. However, Mr Gidney's employment with Citi will have ceased more than three years prior the 2026 AGM and Dexus intends to revisit his independence status before he stands for election. Information and Explanation of the Issuer to this announcement: About Dexus Dexus (ASX: DXS) is a leading Australasian fully integrated real asset group, managing a high-quality Australasian real estate and infrastructure portfolio valued at $50.1 billion. The Dexus Platform includes the Dexus listed portfolio and the funds management business. The $14.5 billion listed portfolio includes direct and indirect ownership of office, industrial, retail, healthcare, infrastructure, alternatives and other investments. Web Disclosure manage a further $35.6 billion of investments in its funds management business which connects third party capital with exposure to quality sector specific and diversified real asset products. The funds within this business have a strong track record of delivering performance and benefit from Dexus's Platform capabilities. The Platform's $13.3 billion real estate development pipeline provides the opportunity to grow both the listed and funds' portfolios and enhance future returns. Web Disclosure is deeply connected to its purpose unlock potential, create tomorrow, reflecting its unique ability to create value for its people, customers, investors and communities over the long term. Its sustainability approach focuses on the priority areas where Web Disclosure believe Web Disclosure can make the most impact: Customer Prosperity, Climate Action and Enhancing Communities. Dexus is supported by more than 37,000 investors from 26 countries. With more than four decades of expertise in real asset investment, funds management, asset management and development, Web Disclosure has a proven track record in capital and risk management and delivering returns for investors. www.dexus.com Dexus Funds Management Limited ABN 24 060 920 783, AFSL 238163, as Responsible Entity for Dexus (ASX: DXS) (Dexus Property Trust ARSN 648 526 470 and Dexus Operations Trust ARSN 110 521 223) Level 30, 50 Bridge Street, Sydney NSW 2000 17-Dec-2025 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. View original content: EQS News | Language: | English | | Company: | Dexus Finance Pty Limited | | / | 264 George Street | | / | 2193 Sydney | | / | Australia | | Phone: | +61 2 9017 1100 | | Fax: | +61 2 9017 1101 | | E-mail: | [email protected] | | Internet: | www.dexus.com | | ISIN: | XS1961891220, XS2487637527 | | WKN: | A2RZHG | | Listed: | Regulated Unofficial Market in Frankfurt | | EQS News ID: | 2246874 |
Dexus launches new fund series with major Westfield Chermside investment. Dexus (ASX: DXS) has announced a major expansion of its wholesale fund platform through the launch of the Dexus Strategic Investment Trust (DSIT) series. The update marks a significant DXS stock update for investors tracking the Dexus share price and its evolving capital allocation strategy. The company confirmed the first DSIT vehicle, DSIT1, will be seeded through the acquisition of a 25% interest in Westfield Chermside, a dominant Brisbane retail asset valued at $683 million. Dexus executed contracts with Scentre Group to initiate the new fund series, which aims to deliver high-quality Australian real estate exposure for institutional investors. The investment builds on Dexus's July 2025 purchase of another 25% stake via the Dexus Wholesale Shopping Centre Fund, lifting the platform's total interest in Westfield Chermside to 50%. The transaction strengthens Dexus's position in large-format retail, a sector supported by strong footfall and resilient metropolitan catchments. Key investment results. Dexus stated that settlement for the new DSIT stake is expected on 23 December 2025. The company will initially co-invest around $170 million to secure a 49% interest in the fund, with third-party investors contributing the balance. * $683 million valuation for the Westfield Chermside acquisition. * 50% total ownership of the Chermside asset across Dexus's platform. * 49% Dexus co-investment in DSIT1 at inception. * Initial fund gearing reduced by around 1.3%, aligning with Dexus's long-term capital settings. * Further equity raise expected in FY26, targeting around $50 million from institutional investors. Westfield Chermside is considered one of Australia's strongest retail destinations by both sales and gross lettable area. Its catchment covers one of Brisbane's fastest-growing metropolitan corridors, supporting a long-term stable outlook for this Dexus real estate investment. Economic and strategic benefits. Dexus Group CEO and Managing Director Ross Du Vernet said the DSIT series would provide investors with enhanced access to high-quality assets backed by long-term value creation. "Our Funds platform provides investors with access to high-quality assets across multiple strategies that align with their specific investment objectives. By working closely with our investment partners, we're able to deliver compelling opportunities and continue to expand our platform offering," Du Vernet said. The DSIT launch reflects rising institutional demand for real estate exposure across defensive retail, logistics, and mixed-use markets. While broader retail spending remains mixed, performance in premium, high-traffic malls has shown resilience, aided by population growth and improved tenant mix strategies. Current conditions in Australia's commercial property market have rewarded diversified asset managers. The shift mirrors global trends favouring stable retail platforms with transparent income profiles, offering a relative hedge against inflationary uncertainties. Resource & portfolio expansion updates. Alongside the new DSIT series, Dexus reported significant momentum in its Dexus Real Estate Partnership 2 (DREP2) strategy. Total equity commitments for DREP2 have now reached approximately $870 million, exceeding the original $600 million target. This includes a $200 million co-investment commitment from a new large institutional investor, which Dexus plans to deploy across future opportunistic real estate mandates. Jason Howes, Executive General Manager of Fund Capital & Product Development, said strong investor demand reinforced confidence in the fund platform. "The latest equity raise positions DREP2 as one of the largest and most diversified opportunity funds in the Australian market, enhancing investment flexibility." These updates highlight Dexus's broader capital recycling and platform expansion strategy, strengthening its competitive position within the global real estate fund management landscape. Market & strategic context. Australia continues to attract institutional capital due to its stable regulatory environment, transparent governance, and resilient commercial property fundamentals. For Dexus, the expansion of DSIT and DREP2 supports its long-term objective of increasing recurring revenues through diversified fund management. Global competitors have adopted similar approaches, prioritising scalable retail and mixed-use assets. However, Dexus benefits from its deep domestic pipeline, local expertise, and strategic partnerships with operators such as Scentre Group. The APAC legal update included in the release noted delays relating to mediation proceedings, with the NSW Supreme Court rescheduling discussions to March 2026. Hearings remain set for April 2026, and Dexus emphasised that client interests remain its priority. Investor outlook. The Dexus share price last traded at $7.01, unchanged on the day, with a market capitalisation of $7.53 billion. Daily trading volume reached 1.07 million shares, while the current bid - offer spread remains narrow at $7.00 - $7.01, reflecting solid liquidity. Analysts monitoring the DXS stock update note that the platform expansion may support medium-term earnings visibility, particularly as Dexus grows fee-based income from real estate investment partnerships. Market sentiment has stabilised in recent months, supported by expectations of easing funding costs and improving valuations across premium Australian retail and office assets. The launch of the DSIT series and the strengthened position in Westfield Chermside represent a significant strategic step for Dexus. The expansion of DREP2 and ongoing platform enhancements underline the company's growing influence in Australian fund management. For investors tracking the Dexus share price or exploring opportunities in Dexus real estate investment, the update showcases a disciplined approach to capital deployment, scale, and long-term market positioning. The developments reaffirm Dexus's role in shaping Australia's institutional property landscape.
Scentre Group has announced that a new fund, managed by Dexus, will purchase a 25 per cent interest in Westfield Chermside, Brisbane.
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About Dexus
Industries
Financial Services
Real Estate
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
Sydney, Australia
Founded
1984
Dexus is Hiring for 9 Jobs on Simplify!
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