Dexus to buy Melbourne’s 80 Collins for $1.48 billion

Company News

by Rachael Jones

Real Estate Investment Trust Dexus (ASX:DXS) is looking to raise $900 million via a placement of new shares after almost  completing the acquisition of 80, Collins Street Precinct in Melbourne.

The purchase is for a total cash consideration of $1.476 billion from QIC Global Real Estate.

Dexus will acquire a 75 per cent ownership and DWPF will acquire the remaining 25 per cent interest.

Placement issue price of $12.10 per new stapled security.

Shares in Dexus (ASX:DXS) are in a Trading Halt - Last traded at $12.50.

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