Australian real estate investor Dexus raises $300m for two property funds

Australian real estate investor Dexus raises $300m for two property funds

REUTERS/Thomas White

Australia-listed real estate group Dexus has announced raising an aggregate of A$420 million ($300 million) for its two property funds — Dexus Real Estate Partnership 1 (DREP1) and Dexus Healthcare Property Fund (DHPF).

DREP1 is a close-ended fund seeded by Dexus with three assets: a Melbourne office development, an industrial project in Sydney, and a construction loan.

Edited by: Pramod Mathew

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