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Dexus Establishes Relationship with Australian Unity

June 9, 2021 – Dexus announced that it has established a new healthcare platform relationship with Australian Unity regarding the Australian Unity Healthcare Property Trust (“AUHPT” or the “Fund”), including entering into arrangements in relation to the Australian Unity platform, opportunities to invest in certain aspects of Australian Unity’s healthcare development pipeline and making a $180 million cornerstone investment in AUHPT’s $320 million capital raising announced today.

The establishment of this relationship and investment in AUHPT is consistent with Dexus’s focus on increasing the resilience of its investment portfolio income streams and enhances Dexus’s ability to obtain further scale in the increasingly attractive healthcare property sector.

Australian Unity is one of Australia’s largest healthcare operators and real estate owners with a significant depth of industry relationships from its 22 years of specialist healthcare real estate investing.

AUHPT has a development pipeline of $1 billion of high quality greenfield and brownfield development opportunities, which as a result of this relationship, Dexus will have an opportunity to participate in.

Dexus has also provided AUHPT a first right to acquire a 25% indirect interest in the Australian Bragg Centre (on market-based terms), and Dexus will have a first right over the Australian Unity management platform for AUHPT in circumstances in which Australian Unity decides to sell an interest in the platform.

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