Dexus Property Group
(ASX:DXS) has announced strong March 2017 quarter results for its property portfolio, on the back of a more active office market.
The retail investment group saw its property portfolio Occupancy by Income rise to 96.7% in the March 2017 quarter, compared to the prior period. Its Occupancy by Area also rose to 96.7%
Meantime its Office Portfolio saw a fall in Average Incentive to 12.5%.
Dexus Property Group says it is benefiting from a more active office market in Sydney and Melbourne, while Perth is experiencing an uptick in enquiry. It also has the opportunity to capitalise on the strengthening Sydney market.
Shares in Dexus Property Group are currently trading 1.11% higher to $10.40.
