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Dexus Announces Sale of 11 Waymouth Street, Adelaide

Dexus today announced that it has conditionally exchanged contracts to sell 11 Waymouth Street, Adelaide.

The property is owned by the Dexus Office Partnership (“Partnership”), in which Dexus holds a 50% interest.

Gross proceeds achieved from the sale of the property are $202.5 million reflecting a slight premium to the property’s book value at 30 June 2017.

The sale is subject to the purchaser receiving FIRB approval and settlement is expected in the first quarter of 2018.

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