GPT distribution update

Dexus Secures Future Trading Profits While Growing Dexus Australian Logistics Trust

August 3, 2020 — Dexus announced that it has entered into agreements to sell a high quality portfolio of industrial assets to the Dexus Australia Logistics Trust (DALT), while at the same time contracting future trading profits for Dexus in FY21 and FY22. 

The portfolio comprises five high quality industrial assets in Truganina, VIC and a high quality industrial business park in Botany, NSW including:

  • 47-53 Foundation Drive, Truganina VIC 
  • 380 Doherty’s Road, Truganina VIC 
  • 7 Custom Place, Truganina VIC1
  • 9 Custom Place, Truganina VIC2
  • 58 Foundation Road, Truganina VIC 
  • 11 Lord Street, Botany NSW (Lakes Business Park South) 

The Truganina assets comprise newly developed premium grade facilities located within Dexus’s Foundation at Truganina industrial estate, located 18 kilometres west from the Melbourne CBD with convenient access to the Princes and West Gate Freeway, Western Ring Road and the Deer Park Bypass.

Lakes Business Park South is strategically located in Botany, 12 kilometres south-east from the Sydney CBD with immediate connections to Sydney Airport and Port Botany, together with easy freeway access via the Eastern Distributor. 

Read more here..

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