REAL ESTATE INVESTMENT TRUSTS & FUNDS
OFFICE revaluations are continuing to wash out through the sector, but the magnitude of losses is shrinking – with Australia’s biggest owner of white collar workplaces Dexus taking a...
Office values have been smashed as working from home and flexible working during and since the pandemic emptied offices and forced a re-think from tenants on...
Dexus has seen hefty writedowns of its office tower values in recent years – most recently, downwards revaluations drove it to a massive $1.58 billion statutory loss for FY24...
Its office portfolio decreased circa 3.2% driven by higher capitalisation rates and discount rates, partially offset by market rental growth, Dexus said. That compared to the...
Positively, the rate of decline in office valuations has slowed in the six month period, with improving transaction volumes and an increase in interest from institutional buyers...
The weighted average capitalisation rate (WACR) of the stabilised office portfolio expanded by 12 basis points to 6.17% over the six months. Its industrial portfolio WACR rate expanded by...
Dexus has been seeking to offload some $2 billion of office assets and diversify its portfolio. This month it reportedly made a bid for the Australian student accommodation portfolio of...
It is set to offload its 100 Mount Street tower in North Sydney, which is owned together with its flagship wholesale fund, for $600 million to US group Hines. The deal is...
Major tenant NBN had leased nearly half the tower when it was under construction, although has subleased some of that space to Hollard Insurance, and...
Dexus has also recently sold 5 Martin Place in Sydney for $296.2 million, reflecting a discount of over 30% from peak value, as well as...
In a sign that valuations are now aligning with market expectations, more than $1.5 billion worth of offices are changing hands. The pricing gap expectation between buyers and...