Feb 11 (Reuters) - DEXUS Property Group (DXS) :
- Dexus and dwpf acquire North Sydney office development site (DXS)
- Says jointly entered into an agreement to each acquire a 50% interest in 90 and 100 mount street in North Sydney
- Initial acquisition price of $41.0 million
- Anticipated total development cost including the initial acquisition price is $467.5 million
- Says development is expected to commence in July 2016
- Says acquisition will have no impact on dexus's FFO per security or distribution per security guidance for FY 2016
- Says will fund its share of the initial acquisition price through debt facilities
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