News: DXS Dexus Property announces asset sales

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    Aug 8 (Reuters) - DEXUS Property Group (DXS) :

    • Asset sales to progressively fund development pipeline (DXS)
    • Entered into agreements to sell two investment properties
    • Gross proceeds achieved for the sale of 108 north terrace, Adelaide are $86.5 million
    • Entered agreement to sell 100% interest in southgate complex, Melbourne across two equal tranches for net sale proceeds of $578 million
    • Says proceeds of all sales will initially be used to repay debt
 
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