Dexus and Boral to Develop One of Australasia’s Largest Logistics Precincts in Melbourne

The latest update is out from Dexus ( (AU:DXS) ).

Dexus has entered a joint venture with Boral to transform 630 hectares of Boral-owned land at Ravenhall, 20 kilometres from Melbourne’s CBD, into a major logistics precinct with a potential lettable area of 2.5 million square metres, expected to be the largest institutionally held logistics hub in Australasia. The project underpins Dexus’s long-term industrial growth strategy in a key logistics corridor, reinforcing its position as a capital-efficient platform manager.

Under the capital-efficient structure, Dexus and future third-party investors will hold a combined 50% interest while Boral retains the remaining 50%, with Dexus expected to maintain at least a 10% principal stake in each superlot. Dexus will lead rezoning, development, property and investment management, with a phased, levered superlot rollout designed to limit near-term funding obligations and AFFO impact while creating future investment opportunities for its securityholders and fund clients.

The most recent analyst rating on (AU:DXS) stock is a Hold with a A$6.94 price target. To see the full list of analyst forecasts on Dexus stock, see the AU:DXS Stock Forecast page.

More about Dexus

Dexus is a leading Australasian fully integrated real asset group, managing a $50.1 billion portfolio of real estate and infrastructure across office, industrial, retail, healthcare, alternatives and other investments. Through its listed portfolio and $35.6 billion funds management business, the group connects third-party capital to sector-specific and diversified real asset products, supported by a $13.3 billion development pipeline and more than four decades of investment and asset management experience.

YTD Price Performance: -9.67%

Average Trading Volume: 3,144,029

Technical Sentiment Signal: Sell

Current Market Cap: A$6.71B

For detailed information about DXS stock, go to TipRanks’ Stock Analysis page.