Yes i am a bit surprised that Atlassian Central is still going ahead. I would love to know a bit more about it. Does Dexus still own 65% of the project or did it sell off some. What protection is there from rising construction cost ? What happens if Atlassian runs into some trouble and can't pay for their third. I notice its 100% preleased. So Atlassian is the anchor tenant but who are the other tenants. It is a very interesting development having a premium building right at central station. The state government also involved in creating the "Tech Central" precinct. Has the change of government affected that involvement at all ? And how is the 4-5% cap rate justified given the risks. Its an interesting project but i would like to know more.
Having said that i bought some Dexus at $6.70 and will buy some more at $6 if it gets down there. I think there will continue to be demand for well located Premium and A grade office and i am happy to own a little bit long term at 7 or 8% return. I think lower quality office which Dexus does not own is probably in some trouble. Dexus also has some industrial which is a sector that has been in high demand last few years. It also has a growing funds management business.
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Last
$7.46 |
Change
0.140(1.91%) |
Mkt cap ! $8.045B |
Open | High | Low | Value | Volume |
$7.29 | $7.48 | $7.29 | $9.888M | 1.334M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 4147 | $7.46 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.47 | 34373 | 42 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 22606 | 7.450 |
24 | 44300 | 7.440 |
14 | 49707 | 7.430 |
10 | 82440 | 7.420 |
6 | 4829 | 7.410 |
Price($) | Vol. | No. |
---|---|---|
7.460 | 5713 | 13 |
7.470 | 33515 | 40 |
7.480 | 25690 | 18 |
7.490 | 33722 | 15 |
7.500 | 34031 | 13 |
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