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DEXUS announced a streamlined Executive structure to drive enhanced performance and further strengthen the Group's leadership position as the leading owner, manager and developer of high quality office and industrial properties in Australia. |
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New Head of Corporate Responsibility and Sustainability appointed to lead the Group's strategic programs. |
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DEXUS Wholesale Property Fund acquired an industrial portfolio comprising 13 properties for $232m, diversifying and increasing its portfolio weighting to industrial. Acquired Archerfield into the DXS industrial portfolio. |
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DXS announced improved first half performance with net profit of $294.4m, favourable property revaluations resulting in a 3% increase in NTA per security. Strong capital management resulted in conservative gearing of 29.1%. Upgraded earnings guidance – FFO per security from 7.3 cents to 7.4 cents. New Head of Capital appointed with responsibility for managing and growing the Group's third party investment management platform. |
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DEXUS became a founding member of the City of Sydney's Better Building Partnership – which aims to improve the sustainability performance of existing commercial and public sector buildings across inner Sydney. DXS priced its second US$250m debt issue in the United States 144A bond market at historically low rates. |
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DXS sold its only Canadian property for C$78.7m, representing a 13% premium on the December 2010 book value and a 10% premium to the original cost price. Chief Operating Officer joins the Board of Low Carbon Australia (formerly the Carbon Trust). Secured an additional $1.8m in the final round of the Australian Government's Green Building Fund in 2011, taking total funding from this initiative to over $5.8m across nine office and three retail properties. |