DEXUS extends Sydney exposure
DEXUS Property Group has extended its exposure to the Sydney office market, announcing this month that it had exchanged contracts to acquire interests in a portfolio of three Sydney office properties, including the purchase of one property jointly with DEXUS Wholesale Property Fund.
The companies said the properties to be acquired included a 25 per cent interest in 225 George Street; a 50 per cent interest in 2 and 4 Dawn Fraser Avenue, Sydney Olympic Park; and a 50/50 joint purchase of 39 Martin Place, in Sydney, with the DEXUS Wholesale Property Fund.
The announcement said the total consideration for the Sydney portfolio was $503.7 million.
It said the Sydney portfolio had been acquired off-market from the Direct Property Investment Fund - a wholesale office fund, managed by the property division of Colonial First State Global Asset Management.
Recommended for you
As advisers risk losing two-thirds of FUA during the $3.5 trillion wealth transfer, two co-founders underscore why fostering trust with the next generation is vital to retaining intergenerational wealth.
As advisers seek greater insights into FSCP determinations, what are the various options considered by the panel and can a decision be appealed?
Amid the current financial adviser shortage, advice firm Link Wealth is looking to expand its financial literacy program for high school students across the country.
TAL Risk Academy has updated its range of ethics courses to help financial advisers meet their CPD requirements following adviser feedback, including interpreting FSCP determinations.
