REAL ESTATE INVESTMENT TRUSTS & FUNDS
AUSTRALIA’S biggest owner of office towers, Dexus, is calling the bottom for values and vacancies in the battered sector, as a clearer picture of company’s workspace...
While there is uncertainty around the global outlook, forecasts for Australian interest rates to fall in 2025 bode well for asset values in the years ahead, creating attractive...
The factors needed for a recovery in office markets are now in place – namely a fall in the supply pipeline and growth in services employment...
Dexus witnessed first-hand the plunge in office values in recent years as working from home and flexible working during and since COVID emptied offices and...
Dexus reported a relatively modest 3.2% haircut in property values over the past six months, of $267 million, but that followed downwards revaluations driving it to...
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. That deal is closing some...
Late last year Dexus also confirmed $443 million in divestments across the Pyrmont headquarters of Domain and the 145 Ann Street tower in Brisbane...
Dexus has also recently sold 5 Martin Place in Sydney for $296.2 million, reflecting a discount of over 30% from peak value.
Valuations appear to be stabilising for most real estate sectors and are lifting for some, like super-regional retail. History has shown that such periods typically lead to...
Two years ago, A-grade office buildings in Sydney were yielding 4.8%. Now they’re yielding around 6.3%. Industrial, retail and healthcare assets are also producing higher yields...
The re-pricing which has occurred to date has reset values and lifted yields, making real assets more attractive to investors. Deal flow is expected to improve significantly in...
Uncertainty around interest rates is diminishing. Investors are increasingly confident that we are at the peak of the tightening cycle, with the next move more likely down this calendar year...
Office tower owner Investa offered a similar bright outlook for the office sector in last month’s Investa Inside outlook...
Headwinds from the post-COVID work transition appear to be easing, as hybrid work patterns settle. Lower inflation and anticipated interest rate cuts will ease pressure on...