Dexus sells Melbourne’s business park for $306m
Dexus has announced a sale of Axxess Corporate Park, a business park in Mount Waverly, Victoria, for $306.2 million, which according to the independent valuation, reflected a 7.4% premium.
The sale remains a subject to the Foreign Investment Review Board (FIRB), with settlement expected in early July, 2023.
The move followed a recently announced sale of the office tower in Sydney (44 Market St), which took place earlier this month, and together with the sale of Victoria’s business park is expected to bring $700 million.
The sale of a Sydney CBD A grade office building was expected to realise proceeds of $393.1 million, reflecting a 17.2% discount to the December 2022 independent valuation.
You know what would have stopped the Shield & first guardian fiasco? ASIC actually doing their job and acting on…
Too much priority on E&S, not enough G...G should always come first.
Yep agree, the failures here were greed and useless ASIC. Not that hard. Even if AI was as good as…
Financial capability provided by schools??? I don’t think so.
What a stupid question. Blind freddy could have spotted Shield and First Guardian. Just like many other scandals of the…