Dexus today announced that it had exchanged contracts to acquire three industrial sites in Melbourne, Sydney and Brisbane with a combined end value of circa $700 million, replenishing the group’s industrial development pipeline in core locations.
The sites include:
• 11-167 Palm Springs Road, Ravenhall, Victoria (50% Dexus;50% Dexus Wholesale Property Fund (DWPF)
• 54 Ferndell Street, South Granville, NSW (100% Dexus)
• 425-479 Freeman Road, Richlands, QLD (100% Dexus)
Ross Du Vernet, Dexus Chief Investment Officer said: “These sites replenish our industrial pipeline in core locations, supporting initiatives and objectives we are progressing in our funds management business.
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