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Dexus announces Sale of trading property secures FY19 trading profits

Dexus today announced the sale of its trading property at 32 Flinders Street, Melbourne to contribute to FY19 trading profits.
32 Flinders Street, Melbourne is an eight-level car parking facility for 546 cars. The site has an approved planning permit for the development of a mixed-use 47-level tower on Flinders Street and a 14-level tower on Flinders Lane. Dexus sold the site for $87.1 million1, which is expected to contribute circa $49 million pre-tax to Dexus’s trading profits for FY19.

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