Dexus Property Group
(ASX:DXS) says it has exchanged contracts on 79-99 St Hilliers Rd Auburn for $65 million.
The deal is still subject to Foreign Investment Review Board approval but is expected to add around $25 million pre-tax to 2017 financial year profits.
Another property in Erskine Park that sold last year is expected to add $12 million to this financial year profits with 2017 full year guidance expected in the next couple of weeks.
Dexus reported a half year profit of $797.5 million to the end of December 2015.
