Dexus today announced its six monthly valuation results in which 62 of its 102 properties, comprising 25 office properties and 37 industrial properties have been externally valued as at 30 June 2017, reflecting 59% of the total Dexus property portfolio by value. Combined with internal valuations across the remainder of the portfolio, this has resulted in an estimated $240 million or 2.1% increase on prior book values for the six months to 30 June 2017.
Taking into account the valuation uplifts booked up to December 2016, this has resulted in an estimated $636 million or 5.9% increase on prior book values for the 12 months to 30 June 2017.
Darren Steinberg, CEO of Dexus said: “Our valuations for the six months to 30 June 2017 have taken into account comparable property transactions as well as the leasing success achieved at our properties in the buoyant Sydney and Melbourne markets.”
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