Atlassian have essentially put something upfront, which is their lease commitment. The only reason Dexus would be able to secure debt facilities to fund the development is via a pre-committed tenant.
Without them, Dexus would be sitting with an approved development site with no way of building without a pre-commit.
You also don't see companies like Atlassian commit funds to a development project that is outside of their industry, so nothing really surprises me with this announcement and is what I would have expected coming into it.
Atlassian have essentially put something upfront, which is their...
Add DXS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.97 |
Change
0.010(0.14%) |
Mkt cap ! $7.496B | |||
| Open | High | Low | Value | Volume |
| $7.04 | $7.05 | $6.95 | $26.75M | 3.833M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4305 | $6.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.97 | 119271 | 6 |
View Market Depth
| Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$6.99 |
Change
0.010 ( 0.21 %) |
||||
| Open | High | Low | Volume | ||
| $7.03 | $7.04 | $6.95 | 1122619 | ||
| Last updated 15.59pm 06/06/2024 ? | |||||
| DXS (ASX) Chart |