News: DXS Dexus Announces Acquisition Of 80 Collins Precinct, Melbourne

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    May 2 (Reuters) - Dexus (DXS) :

    • ANNOUNCES ACQUISITION OF 80 COLLINS PRECINCT, MELBOURNE
    • DEAL FOR $1.476 BILLION
    • DEXUS WILL ACQUIRE A 75% OWNERSHIP INTEREST IN 80 COLLINS PRECINCT AND DWPF WILL ACQUIRE REMAINING 25% INTEREST
    • DEXUS WHOLESALE PROPERTY FUND WILL ACQUIRE REMAINING 25% INTEREST
    • DEXUS'S FUNDING REQUIREMENT TO ACQUIRE ITS 75% SHARE OF 80 COLLINS PRECINCT IS $1.107 BILLION
    • INTENDS TO UNDERTAKE FULLY UNDERWRITTEN $900 MILLION PLACEMENT TO INSTITUTIONAL AND PROFESSIONAL INVESTORS IN CERTAIN JURISDICTIONS
    • CO UNDERTAKES NON-UNDERWRITTEN SECURITY PURCHASE PLAN TO RAISE UP TO $50 MILLION
    • PRELIMINARY FY20 GUIDANCE FOR DISTRIBUTION PER SECURITY GROWTH OF CIRCA 5%
    • TRANSACTION IS ACCRETIVE TO FY20 DISTRIBUTIONS PER SECURITY

    Source text: bit.ly/2V6xGBw

    (([email protected];))

 
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