Dexus confirm interest in Melbourne precinct

Company News

by Rachael Jones

Real estate group Dexus (ASX:DXS) released a statement to the ASX this morning in relation to media reports surrounding 80 Collins Street in Melbourne.

Dexus confirms they are in the early stages of exclusive due diligence to acquire that address.

They say they regularly undertake due diligence on a range of opportunities and will update if this acquisition proceeds.

Yesterday a number of media outlets reported the company was pulling off one of the biggest commercial real estate deals of recent times with a $1.4 billion deal to grab the development precinct.

Shares in Dexus (ASX:DXS) are trading 0.7 per cent lower at $12.68.

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.