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The latest update is out from Dexus ( (AU:DXS) ).
Dexus has announced a strategic investment in the Dexus Wholesale Shopping Centre Fund (DWSF) by acquiring a 25% interest in Westfield Chermside, Brisbane, for $683 million. This acquisition aligns with DWSF’s strategy to own market-leading retail assets with strong growth potential. Dexus is also investing an additional $170 million into the fund, enhancing its investment to $300 million, and supporting initiatives to maintain investor appeal. Additionally, Dexus is progressing its divestment program with the sale of two properties, generating combined proceeds of $153.5 million. These strategic moves are expected to bolster Dexus’s retail platform and contribute to future growth and profitability.
The most recent analyst rating on (AU:DXS) stock is a Buy with a A$8.25 price target. To see the full list of analyst forecasts on Dexus stock, see the AU:DXS Stock Forecast page.
More about Dexus
Dexus (ASX: DXS) is a leading Australasian fully integrated real asset group, managing a high-quality real estate and infrastructure portfolio valued at $53.4 billion. The company operates an investment portfolio and a funds management business, owning and managing assets across office, industrial, retail, healthcare, infrastructure, and alternative sectors. Dexus has a strong track record in capital and risk management, delivering returns for investors, and is supported by more than 38,000 investors from 24 countries.
Average Trading Volume: 3,504,465
Technical Sentiment Signal: Buy
Current Market Cap: A$7.54B
Find detailed analytics on DXS stock on TipRanks’ Stock Analysis page.