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
$7.43 |
Change
0.110(1.50%) |
Mkt cap ! $7.921B |
Open | High | Low | Value | Volume |
$7.29 | $7.44 | $7.29 | $4.580M | 621.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
32 | 25835 | $7.42 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.43 | 19049 | 30 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 18294 | 7.420 |
18 | 11886 | 7.410 |
13 | 30861 | 7.400 |
13 | 33677 | 7.390 |
11 | 92125 | 7.380 |
Price($) | Vol. | No. |
---|---|---|
7.430 | 12404 | 19 |
7.440 | 30018 | 29 |
7.450 | 31589 | 13 |
7.460 | 38218 | 11 |
7.470 | 89577 | 11 |
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