Property company Dexus (ASX:DXS) has settled on the sale of its remaining 50 per cent interest of Southgate Complex in Melbourne.
The sale proceeds will initially be used to repay debt and will progressively fund projects in Dexus’s pipeline of development opportunities.
The transaction was previously announced to the ASX on 8 August 2016.
Dexus is one of Australia’s leading real estate groups, managing a property portfolio valued at $26.5 billion.
Shares in Property company Dexus (ASX:DXS) closed flat at $9.89