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.