Dexus Announces Completion Of Rialto Towers Interest Acquisition
June 4, 2020 — Dexus announced the settlement of the acquisition of a 50% interest in Rialto Towers, 525 Collins Street, Melbourne on behalf of a Joint Venture (“JV”) with GIC that was previously announced to the Australian Securities Exchange on 6 April 2020.
GIC holds a 90% share in the JV and Dexus holds the remaining 10%.
The Australian REIT is the investment manager of the JV and has been appointed as the manager of the entire Rialto Towers complex.
Dexus’s interest was funded from existing debt facilities
Dexus is one of Australia’s real estate groups, managing an Australian property portfolio valued at $33.8 billion. “We believe that the strength and quality of our relationships is central to our success and are deeply committed to working with our customers to provide spaces that engage and inspire.”
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